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720600.0
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2023-04-20 00:00:00 UTC
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Deere Breaks Below 200-Day Moving Average - Notable for DE
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DE
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https://www.nasdaq.com/articles/deere-breaks-below-200-day-moving-average-notable-for-de
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nan
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nan
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In trading on Thursday, shares of Deere & Co. (Symbol: DE) crossed below their 200 day moving average of $387.76, changing hands as low as $386.01 per share. Deere & Co. shares are currently trading off about 0.9% on the day. The chart below shows the one year performance of DE shares, versus its 200 day moving average:
Looking at the chart above, DE's low point in its 52 week range is $283.81 per share, with $448.3999 as the 52 week high point — that compares with a last trade of $389.34. The DE DMA information above was sourced from TechnicalAnalysisChannel.com
Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average »
Also see:
IMO Split History
Institutional Holders of BOB
ZEN Historical Stock Prices
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Thursday, shares of Deere & Co. (Symbol: DE) crossed below their 200 day moving average of $387.76, changing hands as low as $386.01 per share. The chart below shows the one year performance of DE shares, versus its 200 day moving average: Looking at the chart above, DE's low point in its 52 week range is $283.81 per share, with $448.3999 as the 52 week high point — that compares with a last trade of $389.34. The DE DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average » Also see: IMO Split History Institutional Holders of BOB ZEN Historical Stock Prices The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Thursday, shares of Deere & Co. (Symbol: DE) crossed below their 200 day moving average of $387.76, changing hands as low as $386.01 per share. The chart below shows the one year performance of DE shares, versus its 200 day moving average: Looking at the chart above, DE's low point in its 52 week range is $283.81 per share, with $448.3999 as the 52 week high point — that compares with a last trade of $389.34. The DE DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average » Also see: IMO Split History Institutional Holders of BOB ZEN Historical Stock Prices The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In trading on Thursday, shares of Deere & Co. (Symbol: DE) crossed below their 200 day moving average of $387.76, changing hands as low as $386.01 per share. The chart below shows the one year performance of DE shares, versus its 200 day moving average: Looking at the chart above, DE's low point in its 52 week range is $283.81 per share, with $448.3999 as the 52 week high point — that compares with a last trade of $389.34. The DE DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average » Also see: IMO Split History Institutional Holders of BOB ZEN Historical Stock Prices The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In trading on Thursday, shares of Deere & Co. (Symbol: DE) crossed below their 200 day moving average of $387.76, changing hands as low as $386.01 per share. Deere & Co. shares are currently trading off about 0.9% on the day. The chart below shows the one year performance of DE shares, versus its 200 day moving average: Looking at the chart above, DE's low point in its 52 week range is $283.81 per share, with $448.3999 as the 52 week high point — that compares with a last trade of $389.34.
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34b2e6a5-11fb-42e5-a206-f40b0da6d17d
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720601.0
|
2023-04-20 00:00:00 UTC
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CNH Industrial (CNHI) Exits Russia Amid Ukraine Conflict Fallout
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DE
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https://www.nasdaq.com/articles/cnh-industrial-cnhi-exits-russia-amid-ukraine-conflict-fallout
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nan
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nan
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CNH Industrial CNHI announced its decision to divest its business activities in Russia for $60 million. This move comes in the wake of the company's previous announcement in March 2022, when it declared the suspension of supplies to the Russian market due to the ongoing conflict in Ukraine and subsequent international sanctions.
Up until the decision to divest, CNH Industrial had ensured the payment of employee salaries and other administrative expenses in Russia. The company had been operating a corporate office in the Moscow region, which played a crucial role in managing the import and distribution of its products within Russia. This office was also responsible for regional business activities and commercial financing.
CNH Industrial's presence in Russia included manufacturing sites for agricultural equipment, implements, and construction equipment, as well as a parts depot. These facilities employed roughly 200 people. In 2021, the last full year of operations, CNH Industrial's Russian business generated revenues of around $380 million, which constituted 2% of the company's consolidated revenues for that year.
The divestiture is a strategic move by CNH Industrial to focus on its core markets and optimize its global footprint. With the Russian operations generating only 2% of the company's consolidated revenues in 2021, it makes sense to divest these assets and reallocate resources to more profitable regions. The move will also allow the company to simplify its business and reduce operational complexity.
In the first quarter of 2022, CNH Industrial recorded charges of $71 million associated with the write-down of assets, financial receivable allowances, and a valuation allowance against deferred tax assets. This was in response to the company's decision to suspend its Russian operations. CNH Industrial also estimates additional pre-tax charges of approximately $20 million in relation to the divestiture of its business activities in Russia.
The divestiture of CNH Industrial's Russian operations is a significant move, as it demonstrates the company's response to the evolving geopolitical landscape and its commitment to adhering to international sanctions. It also highlights the impact of the Russia-Ukraine conflict on multinational businesses and the challenges they face in navigating this complex situation.
CNHI currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Major peers of CNHI, such as Caterpillar CAT, Deere & Company DE, and AGCO Corporation AGCO, have also curtailed their operations in Russia in response to the crisis in Ukraine.
In March 2022, Caterpillar suspended its manufacturing activities in Russia, citing supply chain disruptions and sanctions. However, the company continues to use Russia as a supply-chain route, highlighting the dependence of EU and China on Russian shipping routes. Deere also suspended shipments of machines to Russia and Belarus, expressing deep sadness over the escalating events in Ukraine. The company is closely monitoring the situation and adhering to U.S. and international sanctions. AGCO stopped the sale of new tractors and machinery to Russia and Belarus. The company stated that Russia and Ukraine are vital to the global food supply, and it has carefully considered how best to serve farmers while taking necessary action in response to the attacks on Ukraine.
The exit of CNHI from Russia and suspension of operations by its peers reflect the significant impact of the Russia-Ukraine conflict on the global business environment. Companies are faced with tough decisions on how to navigate this crisis while adhering to international sanctions and protecting their interests. As the situation continues to evolve, businesses operating in the region must carefully assess the risks and adapt to the rapidly changing landscape.
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Caterpillar Inc. (CAT) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
AGCO Corporation (AGCO) : Free Stock Analysis Report
CNH Industrial N.V. (CNHI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This move comes in the wake of the company's previous announcement in March 2022, when it declared the suspension of supplies to the Russian market due to the ongoing conflict in Ukraine and subsequent international sanctions. The divestiture of CNH Industrial's Russian operations is a significant move, as it demonstrates the company's response to the evolving geopolitical landscape and its commitment to adhering to international sanctions. CNH Industrial CNHI announced its decision to divest its business activities in Russia for $60 million.
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Major peers of CNHI, such as Caterpillar CAT, Deere & Company DE, and AGCO Corporation AGCO, have also curtailed their operations in Russia in response to the crisis in Ukraine. Click to get this free report Caterpillar Inc. (CAT) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report AGCO Corporation (AGCO) : Free Stock Analysis Report CNH Industrial N.V. (CNHI) : Free Stock Analysis Report To read this article on Zacks.com click here. CNH Industrial CNHI announced its decision to divest its business activities in Russia for $60 million.
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The divestiture of CNH Industrial's Russian operations is a significant move, as it demonstrates the company's response to the evolving geopolitical landscape and its commitment to adhering to international sanctions. Major peers of CNHI, such as Caterpillar CAT, Deere & Company DE, and AGCO Corporation AGCO, have also curtailed their operations in Russia in response to the crisis in Ukraine. Click to get this free report Caterpillar Inc. (CAT) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report AGCO Corporation (AGCO) : Free Stock Analysis Report CNH Industrial N.V. (CNHI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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CNH Industrial CNHI announced its decision to divest its business activities in Russia for $60 million. This was in response to the company's decision to suspend its Russian operations. The divestiture of CNH Industrial's Russian operations is a significant move, as it demonstrates the company's response to the evolving geopolitical landscape and its commitment to adhering to international sanctions.
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f02e0682-958d-4a82-b9e6-fdca3c76c9ab
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720602.0
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2023-04-19 00:00:00 UTC
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Guru Fundamental Report for DE
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DE
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https://www.nasdaq.com/articles/guru-fundamental-report-for-de-10
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nan
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nan
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhibit characteristics associated with sustained future growth.
DEERE & COMPANY (DE) is a large-cap value stock in the Constr. & Agric. Machinery industry. The rating using this strategy is 88% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
BOOK/MARKET RATIO: PASS
RETURN ON ASSETS: PASS
CASH FLOW FROM OPERATIONS TO ASSETS: PASS
CASH FLOW FROM OPERATIONS TO ASSETS VS. RETURN ON ASSETS: PASS
RETURN ON ASSETS VARIANCE: PASS
SALES VARIANCE: PASS
ADVERTISING TO ASSETS: FAIL
CAPITAL EXPENDITURES TO ASSETS: PASS
RESEARCH AND DEVELOPMENT TO ASSETS: PASS
Detailed Analysis of DEERE & COMPANY
DE Guru Analysis
DE Fundamental Analysis
More Information on Partha Mohanram
Partha Mohanram Portfolio
About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Sometimes research that changes the investing world can come from the halls of academia. Partha Mohanram is a great example of this. While academic research has shown that value investing works over time, it has found the opposite for growth investing. Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. His research paper "Separating Winners from Losers among Low Book-to-Market Stocks using Financial Statement Analysis" looked at the criteria that can be used to separate growth stocks that continue their upward trajectory from those that don't. Mohanram is currently the John H. Watson Chair in Value Investing at the University of Toronto and was previously an Associate Professor at the Columbia Business School.
Additional Research Links
Factor-Based Stock Portfolios
Factor-Based ETF Portfolios
Harry Browne Permanent Portfolio
Ray Dalio All Weather Portfolio
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. 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. Below is Validea's guru fundamental report for DEERE & COMPANY (DE).
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing.
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Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Additional Research Links Factor-Based Stock Portfolios Factor-Based ETF Portfolios Harry Browne Permanent Portfolio Ray Dalio All Weather Portfolio About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends.
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing.
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1ccc0545-7c8f-4bce-8fda-9ecc2a1c843a
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720603.0
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2023-04-19 00:00:00 UTC
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10 Best Dividend Stocks to Buy Now in April
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DE
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https://www.nasdaq.com/articles/10-best-dividend-stocks-to-buy-now-in-april
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nan
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nan
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Today, I provide my 10 best dividend stocks to buy for the month of April. Dividend stocks are a great way to add balance and passive income to a long-term investing portfolio. Compound interest is the eighth wonder of the world, and dividends are a great way to accelerate your wealth. Two of my favorite dividend stocks on the list are Deere & Company (NYSE: DE) and ASML Holding (NASDAQ: ASML). To see the other eight dividend stock picks and more information, please watch the video below.
*Stock prices used were the morning prices of April 18, 2023. The video was published on April 18, 2023.
10 stocks we like better than Deere
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 Deere 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 April 10, 2023
Eric Cuka has positions in Deere and UnitedHealth Group. The Motley Fool has positions in and recommends ASML, Applied Materials, and Marriott Vacations Worldwide. The Motley Fool recommends Deere, Skyworks Solutions, and UnitedHealth Group. The Motley Fool has a disclosure policy.
Eric Cuka is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dividend stocks are a great way to add balance and passive income to a long-term investing portfolio. 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 ASML, Applied Materials, and Marriott Vacations Worldwide.
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After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. See the 10 stocks *Stock Advisor returns as of April 10, 2023 Eric Cuka has positions in Deere and UnitedHealth Group. The Motley Fool recommends Deere, Skyworks Solutions, and UnitedHealth Group.
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Two of my favorite dividend stocks on the list are Deere & Company (NYSE: DE) and ASML Holding (NASDAQ: ASML). 10 stocks we like better than Deere When our analyst team has a stock tip, it can pay to listen. See the 10 stocks *Stock Advisor returns as of April 10, 2023 Eric Cuka has positions in Deere and UnitedHealth Group.
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The video was published on April 18, 2023. See the 10 stocks *Stock Advisor returns as of April 10, 2023 Eric Cuka has positions in Deere and UnitedHealth Group. The Motley Fool has positions in and recommends ASML, Applied Materials, and Marriott Vacations Worldwide.
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29b38da9-846a-4261-a6dc-2fdbb0e766d4
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720604.0
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2023-04-18 00:00:00 UTC
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Should You Buy Deere Stock Over Its Industry Peer?
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DE
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https://www.nasdaq.com/articles/should-you-buy-deere-stock-over-its-industry-peer
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nan
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nan
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We believe that Deere stock (NYSE: DE) will offer slightly better returns than its industry peer, Caterpillar stock (NYSE: CAT), given its better prospects. Both the stocks have similar market capitalization and revenue base, and both are trading at a similar valuation of around 2x trailing revenues. While Deere has seen superior revenue growth and profitability over the recent years, Caterpillar has a better financial position, as discussed below.
If we look at stock returns, Caterpillar, with -3% returns in the last twelve months, has fared better than the -12% return for Deere stock and -6% returns for the broader S&P 500 index. There is more to the comparison, and in the sections below, we discuss why we think DE stock can offer better returns than CAT stock in the next three years. We compare a slew of factors, such as historical revenue growth, returns, and valuation, in an interactive dashboard analysis of Deere vs. Caterpillar: Which Stock Is A Better Bet? Parts of the analysis are summarized below.
1. Deere’s Revenue Growth Is Better
Both companies posted double-digit sales growth over the last twelve months. Still, Deere’s revenue growth of 25% is slightly higher than 17% for Caterpillar.
Even if we look at a longer time frame, Deere fares better, with its revenue rising at an average annual growth rate of 11% to $53 billion in fiscal 2022, compared to $39 billion in fiscal 2019 (fiscal ends in October). In comparison, Caterpillar’s sales grew at an average annual rate of 5% to $59 billion in 2022, vs. $54 billion in 2019.
Deere is benefiting from higher demand for agriculture equipment, given the above-average age of farming equipment in the U.S.
The agricultural equipment demand has also been buoyed by rising farm income and better price realization.
If we look at Q1, 2023, sales were up a stellar 55% for Production & Precision Agriculture and 14% for Small Agriculture & Turf segment. The sales growth was driven by higher volume/mix and better price realization, a trend expected to continue in the near term.
A better pricing environment has driven Caterpillar’s revenue growth over the recent quarters.
Caterpillar is also benefiting from the rise in commodity prices. Higher commodity prices translate into higher capital spending for miners, bolstering Caterpillar’s mining equipment demand. In fact, the resource industries was the best-performing segment for Caterpillar in 2022 (up 23% y-o-y), led by a high end-user demand for heavy construction and mining equipment.
Our Deere Revenue Comparison and Caterpillar Revenue Comparison dashboards provide more insight into the companies’ sales.
Looking forward, Deere’s revenue is expected to grow faster than Caterpillar’s over the next three years. The table below summarizes our revenue expectations for the two companies over the next three years. It points to a CAGR of 11% for Deere, compared to a 9% CAGR for Caterpillar, based on Trefis Machine Learning analysis.
Note that we have different methodologies for companies that are negatively impacted by Covid and those that are not impacted or positively impacted by Covid while forecasting future revenues. For companies negatively affected by Covid, we consider the quarterly revenue recovery trajectory to forecast recovery to the pre-Covid revenue run rate. Beyond the recovery point, we apply the average annual growth observed three years before Covid to simulate a return to normal conditions. For companies registering positive revenue growth during Covid, we consider yearly average growth before Covid with a certain weight to growth during Covid and the last twelve months.
2. Deere Is More Profitable But Comes At Higher Risk
Deere’s operating margin of 23% over the last twelve-month period is higher than 13% for Caterpillar.
This compares with 15% and 18% figures seen in 2019, before the pandemic, respectively.
Caterpillar’s free cash flow margin of 13% is better than 11% for Deere.
Our Deere Operating Income Comparison and Caterpillar Operating Income Comparison dashboards have more details.
Looking at financial risk, Caterpillar fares better. Its 5% debt as a percentage of equity is much lower than 47% for Deere, while its 8% cash as a percentage of assets is higher than 5% for the latter, implying that CAT has a better debt position and more cash cushion, making it a comparatively less risky bet.
3. The Net of It All
We see that Deere has demonstrated better revenue growth in recent years and is more profitable. On the other hand, Caterpillar offers a lower financial risk.
Now, looking at prospects, using P/S as a base, due to high fluctuations in P/E and P/EBIT, we believe Deere will offer slightly better returns over Caterpillar in the next three years.
The table below summarizes our revenue and return expectations for both companies over the next three years and points to an expected return of 22% for Deere over this period and a 16% expected return for Caterpillar, implying that investors will likely be better off picking DE over CAT, based on Trefis Machine Learning analysis – Deere vs. Caterpillar – which also provides more details on how we arrive at these numbers.
While DE stock may outperform CAT stock in the next three years, it is helpful to see how Deere’s Peers fare on metrics that matter. You will find other valuable comparisons for companies across industries at Peer Comparisons.
Furthermore, the Covid-19 crisis has created many pricing discontinuities which can offer attractive trading opportunities. For example, you’ll be surprised at how counter-intuitive the stock valuation is for Corning vs. Amerco.
What if you’re looking for a more balanced portfolio instead? Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016.
Returns Apr 2023
MTD [1] 2023
YTD [1] 2017-23
Total [2]
DE Return -6% -10% 276%
CAT Return -2% -7% 141%
S&P 500 Return 1% 8% 85%
Trefis Multi-Strategy Portfolio 1% 9% 244%
[1] Month-to-date and year-to-date as of 4/17/2023
[2] Cumulative total returns since the end of 2016
Invest with Trefis Market-Beating Portfolios
See all Trefis Price Estimates
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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We compare a slew of factors, such as historical revenue growth, returns, and valuation, in an interactive dashboard analysis of Deere vs. Caterpillar: Which Stock Is A Better Bet? In fact, the resource industries was the best-performing segment for Caterpillar in 2022 (up 23% y-o-y), led by a high end-user demand for heavy construction and mining equipment. We believe that Deere stock (NYSE: DE) will offer slightly better returns than its industry peer, Caterpillar stock (NYSE: CAT), given its better prospects.
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We believe that Deere stock (NYSE: DE) will offer slightly better returns than its industry peer, Caterpillar stock (NYSE: CAT), given its better prospects. Even if we look at a longer time frame, Deere fares better, with its revenue rising at an average annual growth rate of 11% to $53 billion in fiscal 2022, compared to $39 billion in fiscal 2019 (fiscal ends in October). Our Deere Operating Income Comparison and Caterpillar Operating Income Comparison dashboards have more details.
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If we look at stock returns, Caterpillar, with -3% returns in the last twelve months, has fared better than the -12% return for Deere stock and -6% returns for the broader S&P 500 index. We compare a slew of factors, such as historical revenue growth, returns, and valuation, in an interactive dashboard analysis of Deere vs. Caterpillar: Which Stock Is A Better Bet? The table below summarizes our revenue and return expectations for both companies over the next three years and points to an expected return of 22% for Deere over this period and a 16% expected return for Caterpillar, implying that investors will likely be better off picking DE over CAT, based on Trefis Machine Learning analysis – Deere vs. Caterpillar – which also provides more details on how we arrive at these numbers.
|
There is more to the comparison, and in the sections below, we discuss why we think DE stock can offer better returns than CAT stock in the next three years. We compare a slew of factors, such as historical revenue growth, returns, and valuation, in an interactive dashboard analysis of Deere vs. Caterpillar: Which Stock Is A Better Bet? The table below summarizes our revenue and return expectations for both companies over the next three years and points to an expected return of 22% for Deere over this period and a 16% expected return for Caterpillar, implying that investors will likely be better off picking DE over CAT, based on Trefis Machine Learning analysis – Deere vs. Caterpillar – which also provides more details on how we arrive at these numbers.
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341487b0-33f6-4720-b51d-845b4caa6f77
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720605.0
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2023-04-18 00:00:00 UTC
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Deere (DE) Outpaces Stock Market Gains: What You Should Know
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DE
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https://www.nasdaq.com/articles/deere-de-outpaces-stock-market-gains%3A-what-you-should-know-2
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nan
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nan
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Deere (DE) closed at $396.69 in the latest trading session, marking a +1.35% move from the prior day. This change outpaced the S&P 500's 0.09% gain on the day. Elsewhere, the Dow lost 0.03%, while the tech-heavy Nasdaq lost 2.51%.
Heading into today, shares of the agricultural equipment manufacturer had lost 0.78% over the past month, lagging the Industrial Products sector's gain of 4.73% and the S&P 500's gain of 6.17% in that time.
Deere will be looking to display strength as it nears its next earnings release, which is expected to be May 19, 2023. In that report, analysts expect Deere to post earnings of $8.50 per share. This would mark year-over-year growth of 24.82%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $14.78 billion, up 22.84% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $30.46 per share and revenue of $54.5 billion. These totals would mark changes of +30.84% and +13.74%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Deere. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Deere is currently a Zacks Rank #1 (Strong Buy).
Digging into valuation, Deere currently has a Forward P/E ratio of 12.85. Its industry sports an average Forward P/E of 12.61, so we one might conclude that Deere is trading at a premium comparatively.
Also, we should mention that DE has a PEG ratio of 1.04. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Manufacturing - Farm Equipment industry currently had an average PEG ratio of 1.01 as of yesterday's close.
The Manufacturing - Farm Equipment industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 40, putting it in the top 16% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow DE in the coming trading sessions, be sure to utilize Zacks.com.
Free Report: Must-See Hydrogen Stocks
Hydrogen fuel cells are already used to provide efficient, ultra-clean energy to buses, ships and even hospitals. This technology is on the verge of a massive breakthrough, one that could make hydrogen a major source of America's power. It could even totally revolutionize the EV industry.
Zacks has released a special report revealing the 4 stocks experts believe will deliver the biggest gains.
Download Cashing In on Cleaner Energy today, absolutely 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
Deere & Company (DE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deere (DE) closed at $396.69 in the latest trading session, marking a +1.35% move from the prior day. Deere will be looking to display strength as it nears its next earnings release, which is expected to be May 19, 2023. In that report, analysts expect Deere to post earnings of $8.50 per share.
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Click to get this free report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here. Deere (DE) closed at $396.69 in the latest trading session, marking a +1.35% move from the prior day. Deere will be looking to display strength as it nears its next earnings release, which is expected to be May 19, 2023.
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Click to get this free report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here. Deere (DE) closed at $396.69 in the latest trading session, marking a +1.35% move from the prior day. Deere will be looking to display strength as it nears its next earnings release, which is expected to be May 19, 2023.
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Deere (DE) closed at $396.69 in the latest trading session, marking a +1.35% move from the prior day. Deere will be looking to display strength as it nears its next earnings release, which is expected to be May 19, 2023. In that report, analysts expect Deere to post earnings of $8.50 per share.
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44fde9a8-c6ce-410d-8b99-be94ae9bd5e6
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720606.0
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2023-04-18 00:00:00 UTC
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Zacks.com featured highlights include Deere, Arcos Dorados and Sea
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DE
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https://www.nasdaq.com/articles/zacks.com-featured-highlights-include-deere-arcos-dorados-and-sea
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nan
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nan
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For Immediate Release
Chicago, IL – April 18, 2023 – Stocks in this week’s article are Deere & Co. DE, Arcos Dorados ARCO and Sea Ltd. SE.
3 Top-Rated Efficient Stocks to Boost Your Portfolio Returns
Irrespective of market conditions, companies with favorable efficiency levels are likely to be on investors' radar. This is because a company with a favorable efficiency level is expected to offer impressive returns as it is believed to be positively correlated with price performance. Notably, efficiency, which is the ability to transform inputs into outputs, is a potential indicator of a company's financial health.
However, at times it becomes difficult to measure the efficiency level of a company. This is why one must consider popular efficiency ratios while selecting stocks. These efficiency ratios are:
Inventory Turnover: The 12-month cost of goods sold (COGS) ratio to a four-quarter average inventory is considered one of the most popular efficiency ratios. It indicates a company's ability to maintain a suitable inventory position. While a high value indicates that the company has a relatively low level of inventory compared to COGS, a low value indicates that the company is facing declining sales, which results in excess inventory.
Receivables Turnover: This is the ratio of 12-month sales to four-quarter average receivables. It shows a company's potential to extend its credit and collect debt in terms of that credit. A high receivables turnover ratio or the "accounts receivable turnover ratio" or "debtor's turnover ratio" is desirable as it shows that the company is capable of collecting its accounts receivables or that it has quality customers.
Asset Utilization: This ratio indicates a company's capability to convert assets into output and is thus a widely known measure of efficiency level. It is calculated by dividing total sales over the past 12 months by the last four-quarter average of total assets. Like the above ratios, high asset utilization may indicate a company's efficiency.
Operating Margin: This efficiency measure is the ratio of operating income over the past 12 months to sales over the same period. It measures a company's ability to control operating expenses. Hence, a high value of the ratio may indicate that the company manages its operating expenses more efficiently than its peers.
Here are the top three stocks that made it through the screen:
Deere & Co. is the world's largest producer of agricultural equipment. Deere has an average four-quarter positive earnings surprise of 4.7%.
Arcos Dorados operates as a franchisee of McDonald's, with its operations divided in Brazil; North Latin America division; South Latin America and the Caribbean division. Arcos Dorados has an average four-quarter positive earnings surprise of nearly 46%.
Sea Ltd. is an Internet service provider company. Sea Limited has an average four-quarter positive earnings surprise of 69.7%.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/2079516/3-top-rated-efficient-stocks-to-boost-your-portfolio-returns
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.
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Contact: Jim Giaquinto
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Visit: https://www.zacks.com/
Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
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.
Free Report: Must-See Hydrogen Stocks
Hydrogen fuel cells are already used to provide efficient, ultra-clean energy to buses, ships and even hospitals. This technology is on the verge of a massive breakthrough, one that could make hydrogen a major source of America's power. It could even totally revolutionize the EV industry.
Zacks has released a special report revealing the 4 stocks experts believe will deliver the biggest gains.
Download Cashing In on Cleaner Energy today, absolutely 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
Deere & Company (DE) : Free Stock Analysis Report
Sea Limited Sponsored ADR (SE) : Free Stock Analysis Report
Arcos Dorados Holdings Inc. (ARCO) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This 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. Zacks has released a special report revealing the 4 stocks experts believe will deliver the biggest gains. For Immediate Release Chicago, IL – April 18, 2023 – Stocks in this week’s article are Deere & Co. DE, Arcos Dorados ARCO and Sea Ltd.
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These efficiency ratios are: Inventory Turnover: The 12-month cost of goods sold (COGS) ratio to a four-quarter average inventory is considered one of the most popular efficiency ratios. A high receivables turnover ratio or the "accounts receivable turnover ratio" or "debtor's turnover ratio" is desirable as it shows that the company is capable of collecting its accounts receivables or that it has quality customers. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Sea Limited Sponsored ADR (SE) : Free Stock Analysis Report Arcos Dorados Holdings Inc. (ARCO) : Free Stock Analysis Report To read this article on Zacks.com click here.
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These efficiency ratios are: Inventory Turnover: The 12-month cost of goods sold (COGS) ratio to a four-quarter average inventory is considered one of the most popular efficiency ratios. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Sea Limited Sponsored ADR (SE) : Free Stock Analysis Report Arcos Dorados Holdings Inc. (ARCO) : Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL – April 18, 2023 – Stocks in this week’s article are Deere & Co. DE, Arcos Dorados ARCO and Sea Ltd.
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Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Sea Limited Sponsored ADR (SE) : Free Stock Analysis Report Arcos Dorados Holdings Inc. (ARCO) : Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL – April 18, 2023 – Stocks in this week’s article are Deere & Co. DE, Arcos Dorados ARCO and Sea Ltd. This is why one must consider popular efficiency ratios while selecting stocks.
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b7d022b2-c601-4734-b301-c2299d6c72b7
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720607.0
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2023-04-17 00:00:00 UTC
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Guru Fundamental Report for DE
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DE
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https://www.nasdaq.com/articles/guru-fundamental-report-for-de-9
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nan
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nan
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhibit characteristics associated with sustained future growth.
DEERE & COMPANY (DE) is a large-cap value stock in the Constr. & Agric. Machinery industry. The rating using this strategy is 88% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
BOOK/MARKET RATIO: PASS
RETURN ON ASSETS: PASS
CASH FLOW FROM OPERATIONS TO ASSETS: PASS
CASH FLOW FROM OPERATIONS TO ASSETS VS. RETURN ON ASSETS: PASS
RETURN ON ASSETS VARIANCE: PASS
SALES VARIANCE: PASS
ADVERTISING TO ASSETS: FAIL
CAPITAL EXPENDITURES TO ASSETS: PASS
RESEARCH AND DEVELOPMENT TO ASSETS: PASS
Detailed Analysis of DEERE & COMPANY
DE Guru Analysis
DE Fundamental Analysis
More Information on Partha Mohanram
Partha Mohanram Portfolio
About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Sometimes research that changes the investing world can come from the halls of academia. Partha Mohanram is a great example of this. While academic research has shown that value investing works over time, it has found the opposite for growth investing. Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. His research paper "Separating Winners from Losers among Low Book-to-Market Stocks using Financial Statement Analysis" looked at the criteria that can be used to separate growth stocks that continue their upward trajectory from those that don't. Mohanram is currently the John H. Watson Chair in Value Investing at the University of Toronto and was previously an Associate Professor at the Columbia Business School.
Additional Research Links
Factor-Based Stock Portfolios
Factor-Based ETF Portfolios
Harry Browne Permanent Portfolio
Ray Dalio All Weather Portfolio
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. 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. Below is Validea's guru fundamental report for DEERE & COMPANY (DE).
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing.
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Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Additional Research Links Factor-Based Stock Portfolios Factor-Based ETF Portfolios Harry Browne Permanent Portfolio Ray Dalio All Weather Portfolio About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends.
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing.
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79c07b82-f487-4115-839f-5b3d8d5dd0bc
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720608.0
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2023-04-17 00:00:00 UTC
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Invest in Tesla Stock (NASDAQ:TSLA) with These 4 ETFs
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DE
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https://www.nasdaq.com/articles/invest-in-tesla-stock-nasdaq%3Atsla-with-these-4-etfs
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nan
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nan
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After a volatile 2022, Tesla (NASDAQ:TSLA) stock is going full throttle again, racing out to a gain of over 70% year-to-date. As one of the most popular stocks in the market today (and the world’s eighth-most valuable company by market cap), Tesla is also widely held in many ETFs, and these ETFs have benefited from Tesla’s electric gains.
Therefore, this article will highlight four ETFs that have harnessed the power of Tesla to supercharge their gains year-to-date. Further, I'll explain why I believe that two of them look like better choices for investors looking to add Tesla exposure via ETFs.
1. ARK Innovation ETF (NYSEARCA:ARKK)
ARK Invest’s Cathie Wood is one of Tesla’s most vocal and high-profile proponents, recently putting a $1,500 price target on the company's stock, so it’s no surprise to see that ARK’s flagship ARK Innovation ETF has ridden its large stake in Tesla to a gain of 27.4% year-to-date.
In fact, using TipRanks’ holdings tool, which gives investors a quick and comprehensive overview of an ETF’s holdings, we can see that Tesla is ARKK’s largest holding, with a weighting of just under 10% in the fund.
ARKK stock has just 28 positions, and its top 10 holdings account for 63.8% of assets, so it's a fairly concentrated bet on Tesla and other “disruptive technology” stocks like Coinbase (NASDAQ:COIN) and Block (NYSE:SQ).
While top holdings like Tesla and Exact Sciences (NASDAQ:EXAS) boast impressive Smart Scores of 8 out of 10, which are equivalent to an Outperform rating, you’ll notice that there is some reason for caution here. That’s because other top 10 holdings, like Zoom Video (NASDAQ:ZM), Roblox (NYSE:RBLX), and Teladoc (NYSE:TDOC), all have the lowest possible Smart Score of 1 out of 10, which is equivalent to an Underperform rating.
It all adds up to a Neutral ETF Smart Score of 5 out of 10. The Smart Score is TipRanks’ proprietary quantitative stock scoring system that evaluates stocks on eight different market factors. The result is data-driven and does not involve any human intervention.
Analysts seem slightly more positive on ARKK, assigning it a Moderate Buy consensus rating. The average ARKK stock price target of just over $50 implies upside potential of nearly 28.4% versus its current price.
Of the 394 analyst ratings on ARKK, 52.3% are Buy ratings, 38.8% are Hold ratings, and 8.9% are Sell ratings.
TipRanks uses proprietary technology to compile analyst forecasts and price targets for ETFs based on a combination of the individual performances of the underlying assets. By using the Analyst Forecast tool, investors can see the consensus price target and rating for an ETF, as well as the highest and lowest price targets.
TipRanks calculates a weighted average based on the combination of the ETF's holdings. The average price forecast for an ETF is calculated by multiplying each individual holding’s price target by its weighting within the ETF and adding them all up.
ARKK has benefited from its large position in Tesla, which has helped to drive its strong performance this year, but based on the fund’s Neutral Smart Score and the poor Smart Scores for other large holdings like Zoom Video Communications, Roblox, and Teladoc, I’m more cautious on ARKK’s near-term prospects for the time being.
2. ARK Autonomous Technology & Robotics ETF (BATS:ARKQ)
Like ARKK, the ARK Autonomous Technology & Robotics ETF is another ETF from ARK Invest with a large position in Tesla. ARKQ stock has benefited from its large Tesla position with a gain of 17.5% year-to-date, and the average ARKQ price target of $58.56 implies even more upside of 22.8% ahead.
As you can see, Tesla is ARKQ’s largest position, with a weighting of 13.7%.
ARKQ is smaller than ARKK, with just over $900 million in assets under management (AUM). It also has a more specific focus on artificial intelligence (AI) and robotics. So, while Tesla is the top holding, it also owns stocks like Nivida (NASDAQ:NVDA), which designs semiconductors for artificial intelligence applications, and more industrial stocks like Deere (NYSE:DE) and Kratos (NASDAQ:KTOS), which produce vehicles and equipment that utilize AI and robotic technology for the agriculture and defense sectors.
As you can see above, this group of holdings boasts fairly strong Smart Scores across the board, with Tesla, Kratos, Teradyne (NASDAQ:TER), Deere, and Nvidia all boasting strong Smart Scores of 8 or better. Furthermore, unlike ARKK, there are no top 10 holdings here with poor Smart Scores. For these reasons, I like ARKQ better than ARKK at the moment.
3. Invesco QQQ Trust (NASDAQ:QQQ)
Another way investors can gain exposure to Tesla through ETFs is simply by buying The Invesco QQQ Trust, or “The Q’s” as this massive ETF is commonly called.
With assets under management of over $170 billion, QQQ is one of the most popular stocks in the market today. The fund invests in the Nasdaq 100 (NDX) and charges a low expense ratio of just 0.2%. QQQ stock enjoys a Smart Score of 8 out of 10, and analysts view the ETF as a Moderate Buy, with the average QQQ price target coming in at $355.88, implying 11.6% upside potential. The tech-focused ETF is up over 20% year-to-date.
Unlike ARKK and ARKQ, Tesla is not QQQ’s top holding, as it makes up just 3.5% of the fund. If you’re looking for more exposure to Tesla, the two ETFs mentioned above may be more appealing, but it’s hard to beat the collection of blue-chip technology stocks that QQQ owns in addition to Tesla. As you can see below, all but one of QQQ’s top 10 holdings boast a Smart Score of 8 out of 10 or better. Furthermore, QQQ offers investors more diversification than the previous two funds, as it has 102 positions.
4. Direxion Daily TSLA Bull 1.5X Shares ETF (NASDAQ:TSLL)
There is one more ETF that warrants mention here, but it is very different than the three ETFs discussed above. If the aforementioned year-to-date gains sound impressive, then the Direxion Daily TSLA Bull 1.5X Shares ETF’s gain of 111% in 2023 is downright electrifying. However, as you can probably surmise from the name, this isn’t your typical diversified thematic ETF.
TSLL is a leveraged ETF that, according to Direxion, seeks daily investment results, before fees and expenses, of 150% of the common shares of Tesla, by employing leverage. So, because TSLL is using leverage to amplify the gains (or losses) of Tesla, that’s how it has turned Tesla’s 70%+ gain into a gain of about 111%.
While these returns sound tempting, it should be noted that these types of ETFs are risky investments and are likely not suitable for the average investor. While the ETF is up substantially year-to-date, any downward pressure on shares of Tesla will cause an equally emphatic move to the downside, so gains can evaporate and losses can build quickly when using an instrument like this.
Fund sponsor Direxion warns that “Leveraged and inverse ETFs pursue daily leveraged investment objectives, which means they are riskier than alternatives which do not use leverage. They seek daily goals and should not be expected to track the underlying stock’s performance over periods longer than one day. They are not suitable for all investors and should be utilized only by investors who understand leverage risk and who actively manage their investments.”
Furthermore, this isn’t a diversified ETF. TSLL only holds cash and Tesla; see below.
Note that TSLL also has a relatively high expense ratio of 1.08%, as this is a complex, actively-managed ETF. You can see a comparison of the fees that these four ETFs incur using TipRank's ETF Comparison Tool.
While this ETF has raced out to some exciting gains year-to-date, most investors should be careful about using an ETF like this.
Looking Ahead
Tesla is having a banner year so far in 2023, and investors are excited about its long-term potential. ETFs give investors a different way to gain exposure to Tesla in a diversified manner. My two favorite ways to invest using the ETFs mentioned here are QQQ and ARKQ. Also, the TSLL ETF is too risky for most investors, given its volatility and complex strategy, while ARKK owns a number of stocks with Smart Scores of 1 out of 10, which is making me cautious about it at the moment.
I like ARKQ’s combination of Tesla and more low-profile, old-school names like Deere and Kratos that are profitable and quietly making exciting advances in this area, which I think will continue to be a powerful long-term investing theme. Moreover, I like QQQ’s diversification, low fees, and strong long-term performance, and its top holdings boast an impressive collection of Smart Scores.
Disclosure
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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While the ETF is up substantially year-to-date, any downward pressure on shares of Tesla will cause an equally emphatic move to the downside, so gains can evaporate and losses can build quickly when using an instrument like this. I like ARKQ’s combination of Tesla and more low-profile, old-school names like Deere and Kratos that are profitable and quietly making exciting advances in this area, which I think will continue to be a powerful long-term investing theme. As one of the most popular stocks in the market today (and the world’s eighth-most valuable company by market cap), Tesla is also widely held in many ETFs, and these ETFs have benefited from Tesla’s electric gains.
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ARKK has benefited from its large position in Tesla, which has helped to drive its strong performance this year, but based on the fund’s Neutral Smart Score and the poor Smart Scores for other large holdings like Zoom Video Communications, Roblox, and Teladoc, I’m more cautious on ARKK’s near-term prospects for the time being. As one of the most popular stocks in the market today (and the world’s eighth-most valuable company by market cap), Tesla is also widely held in many ETFs, and these ETFs have benefited from Tesla’s electric gains. ARK Innovation ETF (NYSEARCA:ARKK) ARK Invest’s Cathie Wood is one of Tesla’s most vocal and high-profile proponents, recently putting a $1,500 price target on the company's stock, so it’s no surprise to see that ARK’s flagship ARK Innovation ETF has ridden its large stake in Tesla to a gain of 27.4% year-to-date.
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ARK Innovation ETF (NYSEARCA:ARKK) ARK Invest’s Cathie Wood is one of Tesla’s most vocal and high-profile proponents, recently putting a $1,500 price target on the company's stock, so it’s no surprise to see that ARK’s flagship ARK Innovation ETF has ridden its large stake in Tesla to a gain of 27.4% year-to-date. As one of the most popular stocks in the market today (and the world’s eighth-most valuable company by market cap), Tesla is also widely held in many ETFs, and these ETFs have benefited from Tesla’s electric gains. In fact, using TipRanks’ holdings tool, which gives investors a quick and comprehensive overview of an ETF’s holdings, we can see that Tesla is ARKK’s largest holding, with a weighting of just under 10% in the fund.
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ARKQ stock has benefited from its large Tesla position with a gain of 17.5% year-to-date, and the average ARKQ price target of $58.56 implies even more upside of 22.8% ahead. QQQ stock enjoys a Smart Score of 8 out of 10, and analysts view the ETF as a Moderate Buy, with the average QQQ price target coming in at $355.88, implying 11.6% upside potential. As one of the most popular stocks in the market today (and the world’s eighth-most valuable company by market cap), Tesla is also widely held in many ETFs, and these ETFs have benefited from Tesla’s electric gains.
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bb394a50-41fe-482f-ba5b-60b7c8832345
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720609.0
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2023-04-17 00:00:00 UTC
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3 Top-Rated Efficient Stocks to Boost Your Portfolio Returns
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DE
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https://www.nasdaq.com/articles/3-top-rated-efficient-stocks-to-boost-your-portfolio-returns-0
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nan
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nan
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Irrespective of market conditions, companies with favorable efficiency levels are likely to be on investors’ radar. This is because a company with a favorable efficiency level is expected to offer impressive returns as it is believed to be positively correlated with price performance. Notably, efficiency, which is the ability to transform inputs into outputs, is a potential indicator of a company’s financial health.
However, at times it becomes difficult to measure the efficiency level of a company. This is why one must consider popular efficiency ratios while selecting stocks. These efficiency ratios are:
Inventory Turnover: The 12-month cost of goods sold (COGS) ratio to a four-quarter average inventory is considered one of the most popular efficiency ratios. It indicates a company’s ability to maintain a suitable inventory position. While a high value indicates that the company has a relatively low level of inventory compared to COGS, a low value indicates that the company is facing declining sales, which results in excess inventory.
Receivables Turnover: This is the ratio of 12-month sales to four-quarter average receivables. It shows a company’s potential to extend its credit and collect debt in terms of that credit. A high receivables turnover ratio or the “accounts receivable turnover ratio” or “debtor’s turnover ratio” is desirable as it shows that the company is capable of collecting its accounts receivables or that it has quality customers.
Asset Utilization: This ratio indicates a company’s capability to convert assets into output and is thus a widely known measure of efficiency level. It is calculated by dividing total sales over the past 12 months by the last four-quarter average of total assets. Like the above ratios, high asset utilization may indicate a company’s efficiency.
Operating Margin: This efficiency measure is the ratio of operating income over the past 12 months to sales over the same period. It measures a company’s ability to control operating expenses. Hence, a high value of the ratio may indicate that the company manages its operating expenses more efficiently than its peers.
Screening Criteria
In addition to the above-mentioned ratios, we have added a favorable Zacks Rank — Zacks Rank #1 (Strong Buy)— to the screen with the objective of making this strategy more profitable. You can see the complete list of today’s Zacks #1 Rank stocks here.
Inventory Turnover, Receivables Turnover, Asset Utilization, and Operating Margin greater than the industry average
(Values of these ratios higher than industry averages may indicate that the company’s efficiency level is higher than its peers.)
The use of these few criteria narrowed down the universe of over 7,906 stocks to nine.
Here are the top three stocks that made it through the screen:
Deere & Company DE is the world’s largest producer of agricultural equipment. Deere has an average four-quarter positive earnings surprise of 4.7%.
Arcos Dorados ARCO operates as a franchisee of McDonald's, with its operations divided in Brazil; North Latin America division; South Latin America and the Caribbean division. Arcos Dorados has an average four-quarter positive earnings surprise of nearly 46%.
Sea Limited SE is an Internet service provider company. Sea Limited has an average four-quarter positive earnings surprise of 69.7%.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today.
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Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance
Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry
Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.
>>Send me my free report on the top 5 EV stocks
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Deere & Company (DE) : Free Stock Analysis Report
Sea Limited Sponsored ADR (SE) : Free Stock Analysis Report
Arcos Dorados Holdings Inc. (ARCO) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are the top three stocks that made it through the screen: Deere & Company DE is the world’s largest producer of agricultural equipment. This is why one must consider popular efficiency ratios while selecting stocks. These efficiency ratios are: Inventory Turnover: The 12-month cost of goods sold (COGS) ratio to a four-quarter average inventory is considered one of the most popular efficiency ratios.
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These efficiency ratios are: Inventory Turnover: The 12-month cost of goods sold (COGS) ratio to a four-quarter average inventory is considered one of the most popular efficiency ratios. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Sea Limited Sponsored ADR (SE) : Free Stock Analysis Report Arcos Dorados Holdings Inc. (ARCO) : Free Stock Analysis Report To read this article on Zacks.com click here. This is why one must consider popular efficiency ratios while selecting stocks.
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These efficiency ratios are: Inventory Turnover: The 12-month cost of goods sold (COGS) ratio to a four-quarter average inventory is considered one of the most popular efficiency ratios. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Sea Limited Sponsored ADR (SE) : Free Stock Analysis Report Arcos Dorados Holdings Inc. (ARCO) : Free Stock Analysis Report To read this article on Zacks.com click here. This is why one must consider popular efficiency ratios while selecting stocks.
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These efficiency ratios are: Inventory Turnover: The 12-month cost of goods sold (COGS) ratio to a four-quarter average inventory is considered one of the most popular efficiency ratios. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Sea Limited Sponsored ADR (SE) : Free Stock Analysis Report Arcos Dorados Holdings Inc. (ARCO) : Free Stock Analysis Report To read this article on Zacks.com click here. This is why one must consider popular efficiency ratios while selecting stocks.
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c36b91ed-436c-4ede-9700-41d84a6f59c3
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720610.0
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2023-04-17 00:00:00 UTC
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SPYG, KO, DE, ACN: ETF Inflow Alert
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https://www.nasdaq.com/articles/spyg-ko-de-acn%3A-etf-inflow-alert
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR Portfolio S&P 500 Growth ETF (Symbol: SPYG) where we have detected an approximate $83.9 million dollar inflow -- that's a 0.5% increase week over week in outstanding units (from 287,000,000 to 288,500,000). Among the largest underlying components of SPYG, in trading today Coca-Cola Co (Symbol: KO) is up about 0.6%, Deere & Co. (Symbol: DE) is up about 1.4%, and Accenture plc (Symbol: ACN) is up by about 0.5%. For a complete list of holdings, visit the SPYG Holdings page » The chart below shows the one year price performance of SPYG, versus its 200 day moving average:
Looking at the chart above, SPYG's low point in its 52 week range is $47.91 per share, with $64.06 as the 52 week high point — that compares with a last trade of $55.84. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Free Report: Top 8%+ Dividends (paid monthly)
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
Also see:
Top Stocks Held By Andreas Halvorsen
HFL Videos
Funds Holding ITAC
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs. Click here to find out which 9 other ETFs had notable inflows » Also see: Top Stocks Held By Andreas Halvorsen HFL Videos Funds Holding ITAC The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For a complete list of holdings, visit the SPYG Holdings page » The chart below shows the one year price performance of SPYG, versus its 200 day moving average: Looking at the chart above, SPYG's low point in its 52 week range is $47.91 per share, with $64.06 as the 52 week high point — that compares with a last trade of $55.84. Free Report: Top 8%+ Dividends (paid monthly) Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. Click here to find out which 9 other ETFs had notable inflows » Also see: Top Stocks Held By Andreas Halvorsen HFL Videos Funds Holding ITAC The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR Portfolio S&P 500 Growth ETF (Symbol: SPYG) where we have detected an approximate $83.9 million dollar inflow -- that's a 0.5% increase week over week in outstanding units (from 287,000,000 to 288,500,000). For a complete list of holdings, visit the SPYG Holdings page » The chart below shows the one year price performance of SPYG, versus its 200 day moving average: Looking at the chart above, SPYG's low point in its 52 week range is $47.91 per share, with $64.06 as the 52 week high point — that compares with a last trade of $55.84. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR Portfolio S&P 500 Growth ETF (Symbol: SPYG) where we have detected an approximate $83.9 million dollar inflow -- that's a 0.5% increase week over week in outstanding units (from 287,000,000 to 288,500,000). Among the largest underlying components of SPYG, in trading today Coca-Cola Co (Symbol: KO) is up about 0.6%, Deere & Co. (Symbol: DE) is up about 1.4%, and Accenture plc (Symbol: ACN) is up by about 0.5%. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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3624e9c4-31a8-462a-af6a-2db1855873d3
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720611.0
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2023-04-14 00:00:00 UTC
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Here's Why Barnes (B) Shares Rise More Than 25% in 6 Months
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https://www.nasdaq.com/articles/heres-why-barnes-b-shares-rise-more-than-25-in-6-months
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Barnes Group Inc. B shares have gained 25.1% in the past six months, outperforming the industry’s 14.5% increase.
Let’s look into the factors driving the company’s performance.
What’s Aiding Barnes?
The company is gaining from its focus on innovation, strategic marketing and commercial excellence and solid operational execution. Healthy aftermarket business, including maintenance, repair, and overhaul (MRO) and spare parts (RSP programs) sales growth is benefiting the Aerospace segment. Also, robust Original Equipment Manufacturing (OEM) order bodes well for the segment. B anticipates adjusted earnings of $2.10-$2.30 per share for 2023, reflecting an increase of 6-16% from the year-ago reported figure.
Barnes utilizes its cash flow to reward its shareholders through dividend payouts and share-repurchase programs. It paid out dividends worth $32.4 million to its shareholders in 2022. Also, while exiting the fourth quarter of 2022, the company was left to repurchase 3.4 million shares under its previously approved share buyback program. In 2021, Barnes paid out dividends worth $32.4 million to its shareholders and repurchased shares worth $5.2 million. The buybacks were made to neutralize the impact of equity compensation dilution.
Image Source: Zacks Investment Research
Barnes’ efforts to reduce debt levels bode well. Its cash and cash equivalents at the end of the fourth quarter were $76.9 million, higher than the current portion of long-term debt of $1.4 million. This implies that the company has sufficient cash to meet its short-term debt obligations.
Zacks Rank and Stocks to Consider
Barnes currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks.
Some top-ranked stocks from the Industrial Products sector are discussed below:
Deere & Company DE presently sports a Zacks Rank of 1. DE’s earnings surprise in the last four quarters was 4.7%, on average.
In the past 60 days, estimates for Deere & Company’s fiscal 2023 earnings have increased 8.4%. The stock has rallied 7.7% in the past six months.
Alamo Group Inc. ALG presently sports a Zacks Rank of 1. ALG’s earnings surprise in the last four quarters was 6.0%, on average.
In the past 60 days, estimates for Alamo’s fiscal 2023 earnings have increased 7.5%. The stock has gained 29.6% in the past six months.
A. O. Smith Corporation AOS presently carries a Zacks Rank #2 (Buy). AOS’ earnings surprise in the last four quarters was 3.2%, on average.
In the past 60 days, estimates for A. O. Smith’s 2023 earnings have increased 1.2%. The stock has gained 35.3% in the past six months.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE) : Free Stock Analysis Report
A. O. Smith Corporation (AOS) : Free Stock Analysis Report
Barnes Group, Inc. (B) : Free Stock Analysis Report
Alamo Group, Inc. (ALG) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. Also, robust Original Equipment Manufacturing (OEM) order bodes well for the segment. Barnes utilizes its cash flow to reward its shareholders through dividend payouts and share-repurchase programs.
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In 2021, Barnes paid out dividends worth $32.4 million to its shareholders and repurchased shares worth $5.2 million. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Barnes Group, Inc. (B) : Free Stock Analysis Report Alamo Group, Inc. (ALG) : Free Stock Analysis Report To read this article on Zacks.com click here. Also, robust Original Equipment Manufacturing (OEM) order bodes well for the segment.
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Zacks Rank and Stocks to Consider Barnes currently carries a Zacks Rank #3 (Hold). Click to get this free report Deere & Company (DE) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Barnes Group, Inc. (B) : Free Stock Analysis Report Alamo Group, Inc. (ALG) : Free Stock Analysis Report To read this article on Zacks.com click here. Also, robust Original Equipment Manufacturing (OEM) order bodes well for the segment.
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Its cash and cash equivalents at the end of the fourth quarter were $76.9 million, higher than the current portion of long-term debt of $1.4 million. Also, robust Original Equipment Manufacturing (OEM) order bodes well for the segment. Barnes utilizes its cash flow to reward its shareholders through dividend payouts and share-repurchase programs.
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720612.0
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2023-04-13 00:00:00 UTC
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Honeywell (HON) Unveils Real-Time Health Monitoring System
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https://www.nasdaq.com/articles/honeywell-hon-unveils-real-time-health-monitoring-system
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Honeywell International Inc. HON has launched a real-time health monitoring system, which can keep a check on patients' vital signs within the hospital setting, as well as remotely.
The product’s advanced sensing technology allows healthcare providers to monitor vital signs via a skin patch, which provides the data right away on mobile devices and an online dashboard. Through Honeywell's solution, doctors and nurses can remotely monitor patients in hospitals or at home. When connected to patients, the real-time health monitoring system alerts clinicians about changes in the patient's vital signs. It also lowers the time needed to gather, analyze and apply patient data as actionable insights.
As the essential processes are automated, the Honeywell solution lowers clinician workloads and saves the time required for error-prone administrative tasks. Also, by using the vital sign monitoring system, patients can receive care in their preferred environment. This results in reduced hospital readmissions and hospital beds can be used for those in need of in-person attention. The Honeywell solution provides patients with freedom and flexibility, and reduces the need to make regular visits to the hospital.
Honeywell International Inc. Price
Honeywell International Inc. price | Honeywell International Inc. Quote
Zacks Rank and Stocks to Consider
HON currently carries a Zacks Rank #3 (Hold). Some better-ranked companies are discussed below:
Deere & Company DE presently sports a Zacks Rank #1 (Strong Buy). DE’s earnings surprise in the last four quarters was 4.7%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.
In the past 60 days, Deere & Company’s fiscal 2023 earnings estimates have increased 8.4%. The stock has rallied 7.6% in the past six months.
General Electric Company GE presently carries a Zacks Rank #2 (Buy). GE’s earnings surprise in the last four quarters was 27.9%, on average.
In the past 60 days, General Electric’s fiscal 2023 earnings estimates have increased 2.6%. The stock has gained 39.3% in the past six months.
A. O. Smith Corporation AOS presently carries a Zacks Rank of 2. AOS’ earnings surprise in the last four quarters was 3.2%, on average.
In the past 60 days, A. O. Smith’s fiscal 2023 earnings estimates have increased 1.2%. The stock has gained 34.6% in the past six months.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
General Electric Company (GE) : Free Stock Analysis Report
Honeywell International Inc. (HON) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
A. O. Smith Corporation (AOS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Honeywell solution provides patients with freedom and flexibility, and reduces the need to make regular visits to the hospital. The product’s advanced sensing technology allows healthcare providers to monitor vital signs via a skin patch, which provides the data right away on mobile devices and an online dashboard. It also lowers the time needed to gather, analyze and apply patient data as actionable insights.
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Honeywell International Inc. Price Honeywell International Inc. price | Honeywell International Inc. Quote Zacks Rank and Stocks to Consider HON currently carries a Zacks Rank #3 (Hold). Click to get this free report General Electric Company (GE) : Free Stock Analysis Report Honeywell International Inc. (HON) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report To read this article on Zacks.com click here. The product’s advanced sensing technology allows healthcare providers to monitor vital signs via a skin patch, which provides the data right away on mobile devices and an online dashboard.
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Honeywell International Inc. Price Honeywell International Inc. price | Honeywell International Inc. Quote Zacks Rank and Stocks to Consider HON currently carries a Zacks Rank #3 (Hold). Click to get this free report General Electric Company (GE) : Free Stock Analysis Report Honeywell International Inc. (HON) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report To read this article on Zacks.com click here. The product’s advanced sensing technology allows healthcare providers to monitor vital signs via a skin patch, which provides the data right away on mobile devices and an online dashboard.
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The product’s advanced sensing technology allows healthcare providers to monitor vital signs via a skin patch, which provides the data right away on mobile devices and an online dashboard. It also lowers the time needed to gather, analyze and apply patient data as actionable insights. The Honeywell solution provides patients with freedom and flexibility, and reduces the need to make regular visits to the hospital.
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720613.0
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2023-04-13 00:00:00 UTC
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Emerson (EMR) Set to Acquire National Instruments for $8.2B
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https://www.nasdaq.com/articles/emerson-emr-set-to-acquire-national-instruments-for-%248.2b
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Emerson Electric Co. EMR has entered into a definitive agreement to acquire National Instruments Corp or NI NATI for $60 per share in cash, representing an enterprise value of $8.2 billion. The acquisition will strengthen EMR’s global automation foothold, helping the company expand into high-growth end markets, including semiconductor and electronics, transportation and electric vehicles and aerospace and defense.
Headquartered in Austin, TX, National Instruments produces automated test equipment and virtual instrumentation software. The company generated revenues of $1.66 billion last year.
Apart from expanding automation capabilities, the acquisition will open up industrial software opportunities for EMR, thanks to 20% of NI’s sales generated from software.
Emerson Electric Co. Price
Emerson Electric Co. price | Emerson Electric Co. Quote
Emerson, carrying a Zacks Rank #3 (Hold), expects the transaction to generate cost savings of $165 million by the end of the fifth year upon completion. The buyout is expected to be immediately accretive to EMR’s adjusted earnings. The acquisition will also generate significant recurring revenues and improve EMR’s gross margins.
The board of directors of both companies has approved the transaction. The cash consideration of $60 per share represents a 49% premium to NI's closing share price as of Jan 12, 2023, the day before it announced a strategic review process.
Subject to customary closing conditions, the deal is expected to close in the first half of Emerson's fiscal 2024. EMR expects to fund the transaction using the post-tax proceeds of approximately $8 billion from last year’s majority sale of Climate Technologies to Blackstone.
As a matter of fact, Emerson began pursuing its interest in acquiring NI in May 2022, offering a price of $48 per share. An improved proposal of $53 per share (or $7.6 billion) was offered last November.
National Instruments, carrying a Zacks Rank #3, had resisted meaningful discussions regarding a deal for months, per claims by EMR. In January, the company announced a strategic review process to explore acquisition interests from other companies.
The acquisition deal with NI is aligned with Emerson’s focus on global automation to drive growth and profitability. In an attempt to transform into a global automation company, EMR has lately divested several non-core businesses. In November 2022, the company divested its InSinkErator business, a food waste disposers and instant hot water dispensers manufacturer, for $3 billion. In October 2022, EMR sold a majority stake in its Climate Technologies business to private equity funds managed by Blackstone in a $14 billion deal.
Key Picks
Some better-ranked stocks within the broader Industrial Products sector are as follows:
Deere & Company DE currently sports a Zacks Rank #1 (Strong Buy). The company pulled off a trailing four-quarter earnings surprise of 4.7%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.
Deere has an estimated earnings growth rate of 31% for the current fiscal year. The stock has gained around 7% in the past six months.
Ingersoll Rand IR presently flaunts a Zacks Rank #1. The company delivered a trailing four-quarter earnings surprise of 8.5%, on average.
Ingersoll Rand has an estimated earnings growth rate of 7% for the current year. The stock has rallied 25% in the past six months.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Emerson Electric Co. (EMR) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
Ingersoll Rand Inc. (IR) : Free Stock Analysis Report
National Instruments Corporation (NATI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Emerson Electric Co. EMR has entered into a definitive agreement to acquire National Instruments Corp or NI NATI for $60 per share in cash, representing an enterprise value of $8.2 billion. The acquisition will strengthen EMR’s global automation foothold, helping the company expand into high-growth end markets, including semiconductor and electronics, transportation and electric vehicles and aerospace and defense. In October 2022, EMR sold a majority stake in its Climate Technologies business to private equity funds managed by Blackstone in a $14 billion deal.
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Emerson Electric Co. EMR has entered into a definitive agreement to acquire National Instruments Corp or NI NATI for $60 per share in cash, representing an enterprise value of $8.2 billion. Click to get this free report Emerson Electric Co. (EMR) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report National Instruments Corporation (NATI) : Free Stock Analysis Report To read this article on Zacks.com click here. The acquisition will strengthen EMR’s global automation foothold, helping the company expand into high-growth end markets, including semiconductor and electronics, transportation and electric vehicles and aerospace and defense.
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Emerson Electric Co. EMR has entered into a definitive agreement to acquire National Instruments Corp or NI NATI for $60 per share in cash, representing an enterprise value of $8.2 billion. Click to get this free report Emerson Electric Co. (EMR) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report National Instruments Corporation (NATI) : Free Stock Analysis Report To read this article on Zacks.com click here. The acquisition will strengthen EMR’s global automation foothold, helping the company expand into high-growth end markets, including semiconductor and electronics, transportation and electric vehicles and aerospace and defense.
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The cash consideration of $60 per share represents a 49% premium to NI's closing share price as of Jan 12, 2023, the day before it announced a strategic review process. Emerson Electric Co. EMR has entered into a definitive agreement to acquire National Instruments Corp or NI NATI for $60 per share in cash, representing an enterprise value of $8.2 billion. The acquisition will strengthen EMR’s global automation foothold, helping the company expand into high-growth end markets, including semiconductor and electronics, transportation and electric vehicles and aerospace and defense.
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2023-04-12 00:00:00 UTC
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Colorado passes first US right to repair legislation for farmers
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https://www.nasdaq.com/articles/colorado-passes-first-us-right-to-repair-legislation-for-farmers
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(Adds that CNH did not immediately respond to request for comment in paragraph 7)
By Bianca Flowers
April 12 (Reuters) - Colorado farmers will be able to legally fix their own equipment next year, with manufacturers including Deere & Co obliged to provide them with manuals for diagnostic software and other aids, under a measure passed by legislators in the first U.S. state to approve such a law.
The Consumer Right to Repair Agriculture Equipment Act passed 46-14 in Colorado's Senate late on Tuesday, after winning approval in the state House of Representatives in February. The bill garnered bipartisan support as farmers grew increasingly frustrated with costly repairs and inflated input prices denting their profits.
Colorado Governor Jared Polis has 10 days to sign the bill into law and he is expected to do so, according to a spokesperson.
Equipment makers have generally required customers to use their authorized dealers for repairs to machines such as combines and tractors.
Colorado's legislation would mandate that farm machinery manufacturers like Deere and rival CNH Industrial provide farmers with diagnostic tools, software documents, and repair manuals starting Jan 1. Similar resources must be made available to independent technicians.
A spokesperson for Deere & Co responded to the passage of the bill, saying that it supports farmers right to repair but believes that the legislation is "unnecessary and will carry unintended consequences."
CNH did not immediately respond to Reuters request for comment.
Equipment makers worry the legislation may allow farmers to override certain safety systems or emissions controls, said Eric Wareham, a North American Equipment Dealers Association vice president.
State Representative Brianna Titone, a Democrat who sponsored the legislation, predicted other states will follow suit.
"If there are no lawsuits or collapse of the industry, it demonstrates that the law is not going to cause chaos like many opponents think it will," Titone said.
Lawmakers amended the bill to include language that farmers and repair shops will not be authorized "to make modifications" to functions related to security or emissions.
State lawmakers are pushing right to repair legislation even though Deere and CNH signed a memorandum of understanding with the American Farm Bureau Federation to allow farmers to fix their equipment, or go to a third-party repair shop.
The agreement does not give farmers total access for repairs, said Kevin O'Reilly, director for the campaign of right to repair at the U.S. Public Interest Research Group. (Reporting by Bianca Flowers; Editing by Daniel Wallis) ((Bianca.Flowers@thomsonreuters.com;)) Keywords: USA AGRICULTURE/EQUIPMENT REPAIRS (UPDATE 2, PIX)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(Adds that CNH did not immediately respond to request for comment in paragraph 7) By Bianca Flowers April 12 (Reuters) - Colorado farmers will be able to legally fix their own equipment next year, with manufacturers including Deere & Co obliged to provide them with manuals for diagnostic software and other aids, under a measure passed by legislators in the first U.S. state to approve such a law. Colorado's legislation would mandate that farm machinery manufacturers like Deere and rival CNH Industrial provide farmers with diagnostic tools, software documents, and repair manuals starting Jan 1. The bill garnered bipartisan support as farmers grew increasingly frustrated with costly repairs and inflated input prices denting their profits.
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(Adds that CNH did not immediately respond to request for comment in paragraph 7) By Bianca Flowers April 12 (Reuters) - Colorado farmers will be able to legally fix their own equipment next year, with manufacturers including Deere & Co obliged to provide them with manuals for diagnostic software and other aids, under a measure passed by legislators in the first U.S. state to approve such a law. Colorado's legislation would mandate that farm machinery manufacturers like Deere and rival CNH Industrial provide farmers with diagnostic tools, software documents, and repair manuals starting Jan 1. The bill garnered bipartisan support as farmers grew increasingly frustrated with costly repairs and inflated input prices denting their profits.
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(Adds that CNH did not immediately respond to request for comment in paragraph 7) By Bianca Flowers April 12 (Reuters) - Colorado farmers will be able to legally fix their own equipment next year, with manufacturers including Deere & Co obliged to provide them with manuals for diagnostic software and other aids, under a measure passed by legislators in the first U.S. state to approve such a law. Colorado's legislation would mandate that farm machinery manufacturers like Deere and rival CNH Industrial provide farmers with diagnostic tools, software documents, and repair manuals starting Jan 1. State lawmakers are pushing right to repair legislation even though Deere and CNH signed a memorandum of understanding with the American Farm Bureau Federation to allow farmers to fix their equipment, or go to a third-party repair shop.
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(Adds that CNH did not immediately respond to request for comment in paragraph 7) By Bianca Flowers April 12 (Reuters) - Colorado farmers will be able to legally fix their own equipment next year, with manufacturers including Deere & Co obliged to provide them with manuals for diagnostic software and other aids, under a measure passed by legislators in the first U.S. state to approve such a law. A spokesperson for Deere & Co responded to the passage of the bill, saying that it supports farmers right to repair but believes that the legislation is "unnecessary and will carry unintended consequences." State lawmakers are pushing right to repair legislation even though Deere and CNH signed a memorandum of understanding with the American Farm Bureau Federation to allow farmers to fix their equipment, or go to a third-party repair shop.
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9a42325a-d364-4985-8f84-1df213776fda
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720615.0
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2023-04-12 00:00:00 UTC
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Deere (DE) Gains As Market Dips: What You Should Know
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DE
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https://www.nasdaq.com/articles/deere-de-gains-as-market-dips%3A-what-you-should-know-6
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nan
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nan
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In the latest trading session, Deere (DE) closed at $384.39, marking a +0.93% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.41%. Meanwhile, the Dow lost 0.11%, and the Nasdaq, a tech-heavy index, lost 4.08%.
Coming into today, shares of the agricultural equipment manufacturer had lost 5.37% in the past month. In that same time, the Industrial Products sector lost 1.33%, while the S&P 500 gained 6.51%.
Investors will be hoping for strength from Deere as it approaches its next earnings release. In that report, analysts expect Deere to post earnings of $8.50 per share. This would mark year-over-year growth of 24.82%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $14.78 billion, up 22.84% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $30.47 per share and revenue of $54.5 billion. These totals would mark changes of +30.88% and +13.74%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Deere. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Deere is currently a Zacks Rank #1 (Strong Buy).
Digging into valuation, Deere currently has a Forward P/E ratio of 12.5. Its industry sports an average Forward P/E of 12.31, so we one might conclude that Deere is trading at a premium comparatively.
Investors should also note that DE has a PEG ratio of 1.02 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. DE's industry had an average PEG ratio of 1.03 as of yesterday's close.
The Manufacturing - Farm Equipment industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 28, putting it in the top 12% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In the latest trading session, Deere (DE) closed at $384.39, marking a +0.93% move from the previous day. Meanwhile, the Dow lost 0.11%, and the Nasdaq, a tech-heavy index, lost 4.08%. Investors will be hoping for strength from Deere as it approaches its next earnings release.
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The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here. In the latest trading session, Deere (DE) closed at $384.39, marking a +0.93% move from the previous day.
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Click to get this free report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here. In the latest trading session, Deere (DE) closed at $384.39, marking a +0.93% move from the previous day. Meanwhile, the Dow lost 0.11%, and the Nasdaq, a tech-heavy index, lost 4.08%.
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The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. In the latest trading session, Deere (DE) closed at $384.39, marking a +0.93% move from the previous day. Meanwhile, the Dow lost 0.11%, and the Nasdaq, a tech-heavy index, lost 4.08%.
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7533f777-1ed1-4a45-8a61-3898f58454d9
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720616.0
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2023-04-12 00:00:00 UTC
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General Electric (GE) Wins Gas Turbine Order in Czech Republic
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DE
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https://www.nasdaq.com/articles/general-electric-ge-wins-gas-turbine-order-in-czech-republic
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General Electric Company GE arm GE Gas Power recently announced that it secured an LM6000 PC Sprint aero-derivative gas turbine order from UCED Group (“UCED”). UCED is the energy division of the Czech investment group (CREDITAS Group) which is mainly engaged in long-term investments in conservative industries.
Per the deal, GE will provide its gas turbine to UCED’s Prost??jov reserve power plant situated in the Czech Republic. The gas turbine is based on jet-engine technology which is currently powering the world’s airlines jets. GE’s LM6000 gas turbines are more efficient than any other aero-derivative gas turbine unit above 40 MW. It provides more than 99% start and operational reliability and over 98% availability.
General Electric’s LM6000 gas turbine unit will help UCED expand its Prost??jov reserve power plant. This in turn will stabilize the grid and aid renewable growth in the Czech Republic. GE will deliver the gas turbine to the site in early 2024 and when in operation, it will add about 50 megawatts (MW) of power to the national power transmission system. This deal is in sync with the Czech government’s goal to diversify energy sources by maximizing gas and renewable sources and to lower greenhouse gas (GHG) emissions 30%v by 2030, compared to 2005.
General Electric Company Price
General Electric Company price | General Electric Company Quote
Zacks Rank and Other Stocks to Consider
GE currently sports a Zacks Rank #1 (Strong Buy). Some other top-ranked companies are discussed below:
Deere & Company DE presently sports a Zacks Rank of 1. DE’s earnings surprise in the last four quarters was 4.7%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.
In the past 60 days, estimates for Deere & Company’s fiscal 2023 earnings have increased 8.6%. The stock has rallied 3.7% in the past six months.
Alamo Group Inc. ALG presently sports a Zacks Rank of 1. ALG’s earnings surprise in the last four quarters was 6.0%, on average.
In the past 60 days, estimates for Alamo’s fiscal 2023 earnings have increased 7.5%. The stock has gained 26.7% in the past six months.
A. O. Smith Corporation AOS presently carries a Zacks Rank #2 (Buy). AOS’ earnings surprise in the last four quarters was 3.2%, on average.
In the past 60 days, estimates for A. O. Smith’s fiscal 2023 earnings have increased 1.2%. The stock has gained 34.2% in the past six months.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
General Electric Company (GE) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
A. O. Smith Corporation (AOS) : Free Stock Analysis Report
Alamo Group, Inc. (ALG) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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General Electric Company GE arm GE Gas Power recently announced that it secured an LM6000 PC Sprint aero-derivative gas turbine order from UCED Group (“UCED”). Per the deal, GE will provide its gas turbine to UCED’s Prost? GE’s LM6000 gas turbines are more efficient than any other aero-derivative gas turbine unit above 40 MW.
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General Electric Company GE arm GE Gas Power recently announced that it secured an LM6000 PC Sprint aero-derivative gas turbine order from UCED Group (“UCED”). General Electric Company Price General Electric Company price | General Electric Company Quote Zacks Rank and Other Stocks to Consider GE currently sports a Zacks Rank #1 (Strong Buy). Click to get this free report General Electric Company (GE) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Alamo Group, Inc. (ALG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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General Electric Company GE arm GE Gas Power recently announced that it secured an LM6000 PC Sprint aero-derivative gas turbine order from UCED Group (“UCED”). General Electric Company Price General Electric Company price | General Electric Company Quote Zacks Rank and Other Stocks to Consider GE currently sports a Zacks Rank #1 (Strong Buy). Click to get this free report General Electric Company (GE) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Alamo Group, Inc. (ALG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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GE will deliver the gas turbine to the site in early 2024 and when in operation, it will add about 50 megawatts (MW) of power to the national power transmission system. General Electric Company Price General Electric Company price | General Electric Company Quote Zacks Rank and Other Stocks to Consider GE currently sports a Zacks Rank #1 (Strong Buy). General Electric Company GE arm GE Gas Power recently announced that it secured an LM6000 PC Sprint aero-derivative gas turbine order from UCED Group (“UCED”).
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22a8b1bb-492f-461e-a5ce-b98da3970d4b
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720617.0
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2023-04-12 00:00:00 UTC
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Guru Fundamental Report for DE
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DE
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https://www.nasdaq.com/articles/guru-fundamental-report-for-de-8
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nan
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhibit characteristics associated with sustained future growth.
DEERE & COMPANY (DE) is a large-cap value stock in the Constr. & Agric. Machinery industry. The rating using this strategy is 88% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
BOOK/MARKET RATIO: PASS
RETURN ON ASSETS: PASS
CASH FLOW FROM OPERATIONS TO ASSETS: PASS
CASH FLOW FROM OPERATIONS TO ASSETS VS. RETURN ON ASSETS: PASS
RETURN ON ASSETS VARIANCE: PASS
SALES VARIANCE: PASS
ADVERTISING TO ASSETS: FAIL
CAPITAL EXPENDITURES TO ASSETS: PASS
RESEARCH AND DEVELOPMENT TO ASSETS: PASS
Detailed Analysis of DEERE & COMPANY
DE Guru Analysis
DE Fundamental Analysis
More Information on Partha Mohanram
Partha Mohanram Portfolio
About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Sometimes research that changes the investing world can come from the halls of academia. Partha Mohanram is a great example of this. While academic research has shown that value investing works over time, it has found the opposite for growth investing. Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. His research paper "Separating Winners from Losers among Low Book-to-Market Stocks using Financial Statement Analysis" looked at the criteria that can be used to separate growth stocks that continue their upward trajectory from those that don't. Mohanram is currently the John H. Watson Chair in Value Investing at the University of Toronto and was previously an Associate Professor at the Columbia Business School.
Additional Research Links
Factor-Based Stock Portfolios
Factor-Based ETF Portfolios
Harry Browne Permanent Portfolio
Ray Dalio All Weather Portfolio
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. 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. Below is Validea's guru fundamental report for DEERE & COMPANY (DE).
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing.
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Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Additional Research Links Factor-Based Stock Portfolios Factor-Based ETF Portfolios Harry Browne Permanent Portfolio Ray Dalio All Weather Portfolio About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends.
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing.
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62d7d6be-d51c-4056-a852-226a8005a89a
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720618.0
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2023-04-12 00:00:00 UTC
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Reasons Why You Should Avoid Investing in Carlisle (CSL) Now
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DE
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https://www.nasdaq.com/articles/reasons-why-you-should-avoid-investing-in-carlisle-csl-now
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nan
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Carlisle Companies Incorporated CSL has failed to impress investors with its recent operational performance due to persistent supply-chain constraints, raw material cost inflation and foreign-currency headwinds. These factors may impede its earnings in the near term.
Let’s discuss the factors that may continue taking a toll on the firm.
Steep Costs and Expenses, and Supply-Chain Constraints: Cost inflation poses a threat to Carlisle as it has been dealing with the impacts of the high cost of sales and operating expenses. In 2022, its cost of sales recorded a year-over-year increase of 26.9%, whereas its selling, general and administrative expenses jumped 16.2%. CSL persistently faces supply-chain constraints, inflation in raw material prices and labor challenges. Escalation in costs and operating expenses, if not controlled, can severely affect margins and profitability in the quarters ahead.
High Debt Level: Carlisle's long-term debt in the last five years (2018-2022) witnessed a CAGR of 7.5%. Its long-term debt balance (excluding the current portion) at the end of fourth-quarter 2022 was high at $2,281.5 million. Also, its net interest expenses jumped 7% on a year-over-year basis in the fourth quarter. The company expects to incur net interest expenses of $65 million in 2023. Any further increase in the debt levels can raise the company's financial obligations.
Forex Woes: Given its strong international presence, Carlisle's financial performance is subject to various risks, including the interest rate and currency exchange rate fluctuations, as well as the economic conditions of the places it operates in. Forex woes had a negative impact of 1.1% on sales in fourth-quarter 2022.
Southbound Estimate Trend: In the past 60 days, the Zacks Consensus Estimate for 2023 earnings has been revised 4.5% downward.
Image Source: Zacks Investment Research
Due to these headwinds, shares of Carlisle have lost 28.2% against the industry’s 4.5% growth over the past six months.
Zacks Rank and Stocks to Consider
CSL currently carries a Zacks Rank #4 (Sell). Some better-ranked companies are discussed below.
Deere & Company DE presently sports a Zacks Rank #1 (Strong Buy). DE’s earnings surprise in the last four quarters was 4.7%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.
In the past 60 days, estimates for Deere & Company’s fiscal 2023 earnings have increased 8.6%. The stock has rallied 3.7% in the past six months.
Alamo Group Inc. ALG presently flaunts a Zacks Rank of 1. ALG’s earnings surprise in the last four quarters was 6.0%, on average.
In the past 60 days, estimates for Alamo’s fiscal 2023 earnings have increased 7.5%. The stock has gained 26.7% in the past six months.
A. O. Smith Corporation AOS presently carries a Zacks Rank #2 (Buy). AOS’ earnings surprise in the last four quarters was 3.2%, on average.
In the past 60 days, estimates for A. O. Smith’s fiscal 2023 earnings have increased 1.2%. The stock has gained 34.2% in the past six months.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE) : Free Stock Analysis Report
A. O. Smith Corporation (AOS) : Free Stock Analysis Report
Carlisle Companies Incorporated (CSL) : Free Stock Analysis Report
Alamo Group, Inc. (ALG) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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These factors may impede its earnings in the near term. Steep Costs and Expenses, and Supply-Chain Constraints: Cost inflation poses a threat to Carlisle as it has been dealing with the impacts of the high cost of sales and operating expenses. In 2022, its cost of sales recorded a year-over-year increase of 26.9%, whereas its selling, general and administrative expenses jumped 16.2%.
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Click to get this free report Deere & Company (DE) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Carlisle Companies Incorporated (CSL) : Free Stock Analysis Report Alamo Group, Inc. (ALG) : Free Stock Analysis Report To read this article on Zacks.com click here. These factors may impede its earnings in the near term. Steep Costs and Expenses, and Supply-Chain Constraints: Cost inflation poses a threat to Carlisle as it has been dealing with the impacts of the high cost of sales and operating expenses.
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Steep Costs and Expenses, and Supply-Chain Constraints: Cost inflation poses a threat to Carlisle as it has been dealing with the impacts of the high cost of sales and operating expenses. Zacks Rank and Stocks to Consider CSL currently carries a Zacks Rank #4 (Sell). Click to get this free report Deere & Company (DE) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Carlisle Companies Incorporated (CSL) : Free Stock Analysis Report Alamo Group, Inc. (ALG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Steep Costs and Expenses, and Supply-Chain Constraints: Cost inflation poses a threat to Carlisle as it has been dealing with the impacts of the high cost of sales and operating expenses. These factors may impede its earnings in the near term. In 2022, its cost of sales recorded a year-over-year increase of 26.9%, whereas its selling, general and administrative expenses jumped 16.2%.
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7a4f9863-885b-4675-8048-d13534de7ba1
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720619.0
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2023-04-12 00:00:00 UTC
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Emerson (EMR) Reportedly Nearing $8B Buyout Deal With NI
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DE
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https://www.nasdaq.com/articles/emerson-emr-reportedly-nearing-%248b-buyout-deal-with-ni
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nan
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Emerson Electric Co. EMR is in advanced talks to acquire National Instruments Corp or NI (NATI) for about $8 billion or $60 per share, Reuters reported.
Headquartered in Austin, TX, National Instruments produces automated test equipment and virtual instrumentation software.
A deal between the two companies could be announced this week itself, the report stated. However, there remains uncertainty about the talks falling apart in the eleventh hour.
Emerson Electric Co. Price
Emerson Electric Co. price | Emerson Electric Co. Quote
News of Emerson’s interest in acquiring NI first surfaced in January. Back then, EMR revealed that a proposal for a $7.6 billion (or $53 per share) deal was submitted to NI on Nov 3, 2022, and was an improvement over the initial offer of $48 per share made on May 25, 2022.
In a detailed statement, EMR, carrying a Zacks Rank #3 (Hold), confided that it had been trying to engage with NI privately over a deal since May 16, 2022, and how the latter resisted any meaningful discussions for months. As a matter of fact, in January, NATI, carrying a Zacks Rank #3, announced a strategic review process to explore acquisition interests from other companies.
Emerson’s move to acquire NI is aligned with its focus on global automation to drive growth and profitability. In an attempt to transform into a global automation company, EMR has lately divested several non-core businesses. In November 2022, the company divested its InSinkErator business, a food waste disposers and instant hot water dispensers manufacturer, for $3 billion. In October 2022, EMR sold a majority stake in its Climate Technologies business to private equity funds managed by Blackstone in a $14 billion deal.
Key Picks
Some better-ranked stocks within the broader Industrial Products sector are as follows:
Deere & Company DE currently sports a Zacks Rank #1 (Strong Buy). The company pulled off a trailing four-quarter earnings surprise of 4.7%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.
Deere has an estimated earnings growth rate of 31% for the current fiscal year. The stock has gained around 5% in the past six months.
Ingersoll Rand IR presently flaunts a Zacks Rank #1. The company delivered a trailing four-quarter earnings surprise of 8.5%, on average.
Ingersoll Rand has an estimated earnings growth rate of 7% for the current year. The stock has rallied 23% in the past six months.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Emerson Electric Co. (EMR) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
Ingersoll Rand Inc. (IR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In a detailed statement, EMR, carrying a Zacks Rank #3 (Hold), confided that it had been trying to engage with NI privately over a deal since May 16, 2022, and how the latter resisted any meaningful discussions for months. In October 2022, EMR sold a majority stake in its Climate Technologies business to private equity funds managed by Blackstone in a $14 billion deal. A deal between the two companies could be announced this week itself, the report stated.
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Click to get this free report Emerson Electric Co. (EMR) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report To read this article on Zacks.com click here. A deal between the two companies could be announced this week itself, the report stated. Back then, EMR revealed that a proposal for a $7.6 billion (or $53 per share) deal was submitted to NI on Nov 3, 2022, and was an improvement over the initial offer of $48 per share made on May 25, 2022.
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Click to get this free report Emerson Electric Co. (EMR) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report To read this article on Zacks.com click here. A deal between the two companies could be announced this week itself, the report stated. Back then, EMR revealed that a proposal for a $7.6 billion (or $53 per share) deal was submitted to NI on Nov 3, 2022, and was an improvement over the initial offer of $48 per share made on May 25, 2022.
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A deal between the two companies could be announced this week itself, the report stated. Back then, EMR revealed that a proposal for a $7.6 billion (or $53 per share) deal was submitted to NI on Nov 3, 2022, and was an improvement over the initial offer of $48 per share made on May 25, 2022. In a detailed statement, EMR, carrying a Zacks Rank #3 (Hold), confided that it had been trying to engage with NI privately over a deal since May 16, 2022, and how the latter resisted any meaningful discussions for months.
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d3a15e65-c7c4-4479-828f-5918805d600c
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720620.0
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2023-04-11 00:00:00 UTC
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Zebra Technologies (ZBRA) Chosen for SEG's Store Upgrade
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DE
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https://www.nasdaq.com/articles/zebra-technologies-zbra-chosen-for-segs-store-upgrade
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nan
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Zebra Technologies ZBRA has been chosen by Southeastern Grocers Inc. (“SEG”) to offer its workforce and task management solutions for improving the latter’s in-store operations and enhancing customer experience.
Through its modern store framework, ZBRA will help SEG to better engage employees and maximize labor productivity across its more than 420 stores. Zebra Technologies’ software capabilities will allow SEG to align the staffing model with real-time demand. It will also automate the scheduling process so that SEG managers can cut back on their work and devote more time in training associates.
Within the modern store framework, ZBRA’s retail execution software portfolio will improve SEG’s workflow execution, communications and visibility into task completion across all stores.
Zebra Technologies Corporation Price
Zebra Technologies Corporation price | Zebra Technologies Corporation Quote
Regarding this collaboration, Zebra Technologies’ senior vice president and general manager, Software Solutions, Suresh Menon, said, “With Zebra’s workforce and task management solutions, we are helping retailers modernize their stores by streamlining workflows for added focus, which will create more engaged associates and lead to an elevated customer experience.”
Zacks Rank & Key Picks
Zebra Technologies presently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks within the broader Industrial Products sector are as follows:
Deere & Company DE currently sports a Zacks Rank #1 (Strong Buy). The company pulled off a trailing four-quarter earnings surprise of 4.7%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.
Deere has an estimated earnings growth rate of 31% for the current fiscal year. The stock has gained around 5% in the past six months.
Ingersoll Rand IR presently flaunts a Zacks Rank #1. The company delivered a trailing four-quarter earnings surprise of 8.5%, on average.
Ingersoll Rand has an estimated earnings growth rate of 7% for the current year. The stock has rallied 23% in the past six months.
Illinois Tool Works ITW currently carries a Zacks Rank #2 (Buy). The company pulled off a trailing four-quarter earnings surprise of 0.9%, on average.
Illinois Tool has an estimated earnings growth rate of 4% in the past six months. The stock has gained 23.5% in the past six months.
Just Released: Free Report Reveals Little-Known Strategies to Help Profit from the $30 Trillion Metaverse Boom
It's undeniable. The metaverse is gaining steam every day. Just follow the money. Google. Microsoft. Adobe. Nike. Facebook even rebranded itself as Meta because Mark Zuckerberg believes the metaverse is the next iteration of the internet. The inevitable result? Many investors will get rich as the metaverse evolves. What do they know that you don't? They’re aware of the companies best poised to grow as the metaverse does. And in a new FREE report, Zacks is revealing those stocks to you. This week, you can download, The Metaverse - What is it? And How to Profit with These 5 Pioneering Stocks. It reveals specific stocks set to skyrocket as this emerging technology develops and expands. Don't miss your chance to access it for free with no obligation.
>>Show me how I could profit from the metaverse!
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
Illinois Tool Works Inc. (ITW) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
Ingersoll Rand Inc. (IR) : Free Stock Analysis Report
Zebra Technologies Corporation (ZBRA) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It will also automate the scheduling process so that SEG managers can cut back on their work and devote more time in training associates. Just Released: Free Report Reveals Little-Known Strategies to Help Profit from the $30 Trillion Metaverse Boom It's undeniable. Through its modern store framework, ZBRA will help SEG to better engage employees and maximize labor productivity across its more than 420 stores.
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Zebra Technologies Corporation Price Zebra Technologies Corporation price | Zebra Technologies Corporation Quote Regarding this collaboration, Zebra Technologies’ senior vice president and general manager, Software Solutions, Suresh Menon, said, “With Zebra’s workforce and task management solutions, we are helping retailers modernize their stores by streamlining workflows for added focus, which will create more engaged associates and lead to an elevated customer experience.” Zacks Rank & Key Picks Zebra Technologies presently carries a Zacks Rank #3 (Hold). Click to get this free report Illinois Tool Works Inc. (ITW) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report Zebra Technologies Corporation (ZBRA) : Free Stock Analysis Report To read this article on Zacks.com click here. Through its modern store framework, ZBRA will help SEG to better engage employees and maximize labor productivity across its more than 420 stores.
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Zebra Technologies Corporation Price Zebra Technologies Corporation price | Zebra Technologies Corporation Quote Regarding this collaboration, Zebra Technologies’ senior vice president and general manager, Software Solutions, Suresh Menon, said, “With Zebra’s workforce and task management solutions, we are helping retailers modernize their stores by streamlining workflows for added focus, which will create more engaged associates and lead to an elevated customer experience.” Zacks Rank & Key Picks Zebra Technologies presently carries a Zacks Rank #3 (Hold). Click to get this free report Illinois Tool Works Inc. (ITW) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report Zebra Technologies Corporation (ZBRA) : Free Stock Analysis Report To read this article on Zacks.com click here. Through its modern store framework, ZBRA will help SEG to better engage employees and maximize labor productivity across its more than 420 stores.
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Through its modern store framework, ZBRA will help SEG to better engage employees and maximize labor productivity across its more than 420 stores. Zebra Technologies’ software capabilities will allow SEG to align the staffing model with real-time demand. It will also automate the scheduling process so that SEG managers can cut back on their work and devote more time in training associates.
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2023-04-11 00:00:00 UTC
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Here's Why You Should Retain ABB in Your Portfolio for Now
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ABB Ltd ABB is benefiting from a stable demand environment and pricing actions. Portfolio restructuring actions bode well for the company’s growth. ABB’s commitment to rewarding shareholders through dividends and share buybacks holds promise.
This Zacks Rank #3 (Hold) company is benefiting from a healthy demand environment across most segments despite headwinds from supply chain disruptions, cost inflation and adverse foreign currency movements.
Stable demand across most customer segments and strength in the Flow business is aiding ABB’s Electrification segment. Continued volume recovery in both the short cycle and the systems-related business is driving the Motion segment’s performance. The acquisitions of PowerTech Converter and Siemens' low voltage NEMA motor business are expected to fortify the segment’s performance.
With easing component shortages, recovery in volumes within the Robotics & Discrete Automation unit should bolster ABB’s growth story. Robust customer activity in the marine & ports, mining, refining and renewables markets bodes well for the Process Automation segment. For the first quarter of 2023, ABB anticipates double-digit comparable revenue growth. For 2023, it expects comparable revenue growth to be more than 5%.
ABB is acquiring strategic businesses and simultaneously divesting non-core operations as part of its portfolio reshaping actions. The company’s acquisition of a majority stake in InCharge Energy (January 2022) enhanced its E-mobility business by expanding its customer base and boosting fleet electrification software and digital services offering in North America.
As for divestiture, in December 2022, the company sold its remaining 19.9% equity stake (80.1% of the stake was divested in 2020) in the Hitachi Energy joint venture to Hitachi, Ltd. ABB has realized a net positive cash inflow of approximately $1.425 billion in the fourth quarter of 2022 as part of the divestment. The divestment allows the company to focus more on key market trends and customer needs of electrification of transport and industry, automated manufacturing, digital solutions and increased sustainable productivity.
In October 2022, ABB completed the spin-off of its turbocharging unit, Accelleron. The spin-off helps the company focus on growing global megatrends in electrification and automation. ABB’s organic growth investments and diligent cost-control initiatives are expected to improve its competency over time.
ABB’s measures to handsomely reward its shareholders through dividends and share buybacks are encouraging. In April, the company launched a new share buyback program of up to $1 billion following the completion of the previous one. The program will run through the company’s 2024 annual general meeting. Under the previous program, launched in April 2022, ABB bought back 67.5 million shares for approximately $2 billion. In 2022, ABB paid out dividends worth $1,698 million.
A stable demand environment and shareholder-friendly policies primarily drove ABB’s shares up 33.3% in the past six months compared with the industry’s 12.6% increase.
Image Source: Zacks Investment Research
Key Picks
Some better-ranked stocks within the broader Industrial Products sector are as follows:
Deere & Company DE currently sports a Zacks Rank #1 (Strong Buy). The company pulled off a trailing four-quarter earnings surprise of 4.7%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.
Deere has an estimated earnings growth rate of 31% for the current fiscal year. The stock has gained around 5% in the past six months.
Ingersoll Rand IR presently flaunts a Zacks Rank #1. The company delivered a trailing four-quarter earnings surprise of 8.5%, on average.
Ingersoll Rand has an estimated earnings growth rate of 7% for the current year. The stock has rallied 23% in the past six months.
Illinois Tool Works ITW currently carries a Zacks Rank #2 (Buy). The company pulled off a trailing four-quarter earnings surprise of 0.9%, on average.
Illinois Tool has an estimated earnings growth rate of 4% in the past six months. The stock has gained 23.5% in the past six months.
Just Released: Free Report Reveals Little-Known Strategies to Help Profit from the $30 Trillion Metaverse Boom
It's undeniable. The metaverse is gaining steam every day. Just follow the money. Google. Microsoft. Adobe. Nike. Facebook even rebranded itself as Meta because Mark Zuckerberg believes the metaverse is the next iteration of the internet. The inevitable result? Many investors will get rich as the metaverse evolves. What do they know that you don't? They’re aware of the companies best poised to grow as the metaverse does. And in a new FREE report, Zacks is revealing those stocks to you. This week, you can download, The Metaverse - What is it? And How to Profit with These 5 Pioneering Stocks. It reveals specific stocks set to skyrocket as this emerging technology develops and expands. Don't miss your chance to access it for free with no obligation.
>>Show me how I could profit from the metaverse!
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
Illinois Tool Works Inc. (ITW) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
ABB Ltd (ABB) : Free Stock Analysis Report
Ingersoll Rand Inc. (IR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This Zacks Rank #3 (Hold) company is benefiting from a healthy demand environment across most segments despite headwinds from supply chain disruptions, cost inflation and adverse foreign currency movements. ABB Ltd ABB is benefiting from a stable demand environment and pricing actions. Portfolio restructuring actions bode well for the company’s growth.
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Under the previous program, launched in April 2022, ABB bought back 67.5 million shares for approximately $2 billion. Click to get this free report Illinois Tool Works Inc. (ITW) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report ABB Ltd (ABB) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report To read this article on Zacks.com click here. ABB Ltd ABB is benefiting from a stable demand environment and pricing actions.
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Stable demand across most customer segments and strength in the Flow business is aiding ABB’s Electrification segment. As for divestiture, in December 2022, the company sold its remaining 19.9% equity stake (80.1% of the stake was divested in 2020) in the Hitachi Energy joint venture to Hitachi, Ltd. ABB has realized a net positive cash inflow of approximately $1.425 billion in the fourth quarter of 2022 as part of the divestment. Click to get this free report Illinois Tool Works Inc. (ITW) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report ABB Ltd (ABB) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Stable demand across most customer segments and strength in the Flow business is aiding ABB’s Electrification segment. ABB Ltd ABB is benefiting from a stable demand environment and pricing actions. Portfolio restructuring actions bode well for the company’s growth.
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720622.0
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2023-04-11 00:00:00 UTC
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Deere & Company (DE) Is a Trending Stock: Facts to Know Before Betting on It
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https://www.nasdaq.com/articles/deere-company-de-is-a-trending-stock%3A-facts-to-know-before-betting-on-it-1
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Deere (DE) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Shares of this agricultural equipment manufacturer have returned -5.3% over the past month versus the Zacks S&P 500 composite's +6.5% change. The Zacks Manufacturing - Farm Equipment industry, to which Deere belongs, has lost 4.6% over this period. Now the key question is: Where could the stock be headed in the near term?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Revisions to Earnings Estimates
Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Deere is expected to post earnings of $8.50 per share for the current quarter, representing a year-over-year change of +24.8%. Over the last 30 days, the Zacks Consensus Estimate has changed +0.1%.
For the current fiscal year, the consensus earnings estimate of $30.47 points to a change of +30.9% from the prior year. Over the last 30 days, this estimate has remained unchanged.
For the next fiscal year, the consensus earnings estimate of $31.55 indicates a change of +3.5% from what Deere is expected to report a year ago. Over the past month, the estimate has changed +0.1%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #1 (Strong Buy) for Deere.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth Forecast
While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
In the case of Deere, the consensus sales estimate of $14.78 billion for the current quarter points to a year-over-year change of +22.8%. The $54.5 billion and $55.1 billion estimates for the current and next fiscal years indicate changes of +13.7% and +1.1%, respectively.
Last Reported Results and Surprise History
Deere reported revenues of $11.4 billion in the last reported quarter, representing a year-over-year change of +33.7%. EPS of $6.55 for the same period compares with $2.92 a year ago.
Compared to the Zacks Consensus Estimate of $11.31 billion, the reported revenues represent a surprise of +0.84%. The EPS surprise was +18.44%.
Over the last four quarters, Deere surpassed consensus EPS estimates three times. The company topped consensus revenue estimates three times over this period.
Valuation
No investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Deere is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Conclusion
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Deere. However, its Zacks Rank #1 does suggest that it may outperform the broader market in the near term.
Just Released: Free Report Reveals Little-Known Strategies to Help Profit from the $30 Trillion Metaverse Boom
It's undeniable. The metaverse is gaining steam every day. Just follow the money. Google. Microsoft. Adobe. Nike. Facebook even rebranded itself as Meta because Mark Zuckerberg believes the metaverse is the next iteration of the internet. The inevitable result? Many investors will get rich as the metaverse evolves. What do they know that you don't? They’re aware of the companies best poised to grow as the metaverse does. And in a new FREE report, Zacks is revealing those stocks to you. This week, you can download, The Metaverse - What is it? And How to Profit with These 5 Pioneering Stocks. It reveals specific stocks set to skyrocket as this emerging technology develops and expands. Don't miss your chance to access it for free with no obligation.
>>Show me how I could profit from the metaverse!
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
Deere & Company (DE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. Just Released: Free Report Reveals Little-Known Strategies to Help Profit from the $30 Trillion Metaverse Boom It's undeniable. Deere (DE) is one of the stocks most watched by Zacks.com visitors lately.
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Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance. Deere (DE) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
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The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #1 (Strong Buy) for Deere. Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is. Deere (DE) is one of the stocks most watched by Zacks.com visitors lately.
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The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #1 (Strong Buy) for Deere. Deere (DE) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
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2023-04-11 00:00:00 UTC
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General Electric (GE) Wins Rail System Upgradation Deal in the UK
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General Electric Company GE announced that its Power Conversion division (part of GE Vernova, the combined operations of the Power and Renewable segments) secured a deal from Network Rail for upgrading the phase balancer control and cooling system at its Rail Innovation and Development Centre ("RIDC").
The deal advances Network Rail’s goal of improving energy efficiency and introducing new technology that can deliver cleaner energy to support the U.K.’s path to net-zero emissions.
Based in Melton Mowbray, the U.K., the RIDC facility is a specific track system that ensures a safe environment for testing new trains ahead of their operation in the U.K. rail network. The site can be used to test vehicles at high and low speeds, as well as infrastructure using eleven miles of 25 kV overhead line equipment, and third and fourth rail DC electric equipment.
Per the deal, GE will upgrade thyristor control and cooling plant systems, along with the existing phase balancer control system at the RIDC site. The company will also be responsible for the designing, manufacturing, delivering, installing and commissioning of the control and cooling system. GE will integrate a GE Visor service for remote diagnostics.
General Electric Company Price
General Electric Company price | General Electric Company Quote
Post the upgradation, RIDC will be able to test innovative technology for the rail infrastructure. It will also be able to deliver an augmented performance of the system.
Zacks Rank and Other Stocks to Consider
GE currently sports a Zacks Rank #1 (Strong Buy). Some other top-ranked companies are discussed below:
Deere & Company DE presently flaunts a Zacks Rank of 1. DE’s earnings surprise in the last four quarters was 4.7%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.
In the past 60 days, estimates for Deere & Company’s fiscal 2023 earnings have increased 8.6%. The stock has rallied 4.5% in the past six months.
Alamo Group Inc. ALG presently sports a Zacks Rank of 1. ALG’s earnings surprise in the last four quarters was 6.0%, on average.
In the past 60 days, estimates for Alamo’s fiscal 2023 earnings have increased 7.5%. The stock has gained 28.5% in the past six months.
A. O. Smith Corporation AOS presently carries a Zacks Rank #2 (Buy). AOS’ earnings surprise in the last four quarters was 3.2%, on average.
In the past 60 days, estimates for A. O. Smith’s fiscal 2023 earnings have increased 1.2%. The stock has gained 33.2% in the past six months.
Just Released: Free Report Reveals Little-Known Strategies to Help Profit from the $30 Trillion Metaverse Boom
It's undeniable. The metaverse is gaining steam every day. Just follow the money. Google. Microsoft. Adobe. Nike. Facebook even rebranded itself as Meta because Mark Zuckerberg believes the metaverse is the next iteration of the internet. The inevitable result? Many investors will get rich as the metaverse evolves. What do they know that you don't? They’re aware of the companies best poised to grow as the metaverse does. And in a new FREE report, Zacks is revealing those stocks to you. This week, you can download, The Metaverse - What is it? And How to Profit with These 5 Pioneering Stocks. It reveals specific stocks set to skyrocket as this emerging technology develops and expands. Don't miss your chance to access it for free with no obligation.
>>Show me how I could profit from the metaverse!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
General Electric Company (GE) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
A. O. Smith Corporation (AOS) : Free Stock Analysis Report
Alamo Group, Inc. (ALG) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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General Electric Company GE announced that its Power Conversion division (part of GE Vernova, the combined operations of the Power and Renewable segments) secured a deal from Network Rail for upgrading the phase balancer control and cooling system at its Rail Innovation and Development Centre ("RIDC"). Just Released: Free Report Reveals Little-Known Strategies to Help Profit from the $30 Trillion Metaverse Boom It's undeniable. The deal advances Network Rail’s goal of improving energy efficiency and introducing new technology that can deliver cleaner energy to support the U.K.’s path to net-zero emissions.
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General Electric Company GE announced that its Power Conversion division (part of GE Vernova, the combined operations of the Power and Renewable segments) secured a deal from Network Rail for upgrading the phase balancer control and cooling system at its Rail Innovation and Development Centre ("RIDC"). Click to get this free report General Electric Company (GE) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Alamo Group, Inc. (ALG) : Free Stock Analysis Report To read this article on Zacks.com click here. The deal advances Network Rail’s goal of improving energy efficiency and introducing new technology that can deliver cleaner energy to support the U.K.’s path to net-zero emissions.
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General Electric Company GE announced that its Power Conversion division (part of GE Vernova, the combined operations of the Power and Renewable segments) secured a deal from Network Rail for upgrading the phase balancer control and cooling system at its Rail Innovation and Development Centre ("RIDC"). Click to get this free report General Electric Company (GE) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Alamo Group, Inc. (ALG) : Free Stock Analysis Report To read this article on Zacks.com click here. The deal advances Network Rail’s goal of improving energy efficiency and introducing new technology that can deliver cleaner energy to support the U.K.’s path to net-zero emissions.
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General Electric Company GE announced that its Power Conversion division (part of GE Vernova, the combined operations of the Power and Renewable segments) secured a deal from Network Rail for upgrading the phase balancer control and cooling system at its Rail Innovation and Development Centre ("RIDC"). The deal advances Network Rail’s goal of improving energy efficiency and introducing new technology that can deliver cleaner energy to support the U.K.’s path to net-zero emissions. Per the deal, GE will upgrade thyristor control and cooling plant systems, along with the existing phase balancer control system at the RIDC site.
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2023-04-10 00:00:00 UTC
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Here's Why You Should Hold on to Emerson (EMR) Stock Now
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https://www.nasdaq.com/articles/heres-why-you-should-hold-on-to-emerson-emr-stock-now
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Emerson Electric Co. EMR is backed by multiple tailwinds despite headwinds from logistics and labor constraints and adverse foreign currency movements.
This Zacks Rank #3 (Hold) company is benefiting from higher volumes and accretive pricing. Within the Intelligent Devices business unit, EMR is seeing underlying sales growth in the Americas region. The AspenTech acquisition and strength in the process end markets are driving the growth of the Software and Control business group.
The company’s buyout of Fluxa (July 2022) has enabled Emerson to leverage the former’s PKM software, its DeltaV control system and life sciences automation software to provide customers with a comprehensive line of solutions for developing new drugs. In May 2022, Emerson merged its industrial software businesses — OSI Inc. and its Geological Simulation Software — with Aspen Technology to create “AspenTech”. The merger, in which the company has majority ownership, enabled it to gain control over a high-valued pure-play industrial software leader, expedite its software strategy and realize substantial synergies.
As part of its restructuring actions, Emerson has lately been aiming to divest non-core/non-profitable businesses. In November 2022, the company completed the divestment of its InSinkErator business to Whirlpool. The divestiture helps the company divert resources to key growth areas. In October 2022, the company divested a majority stake in its Climate Technologies business. The divestment allows the company to become a pure-play global automation company. In the first quarter of fiscal 2023 (ended Dec 31, 2022), the company also exited its Russia business operations.
Emerson Electric Co. Price and Consensus
Emerson Electric Co. price-consensus-chart | Emerson Electric Co. Quote
Emerson’s efforts to reward its shareholders through dividend payments and share repurchases are noteworthy. In fiscal 2022 (ended September 2022), the company paid out dividends of $1,223 million and bought back shares worth $500 million. It is worth noting that in October 2022, it hiked the quarterly dividend rate by 1%. In the first quarter of fiscal 2023, the company paid dividends of $308 million and bought back shares worth $2 billion.
Stocks to Consider
Some top-ranked stocks from the Industrial Products sector are discussed below:
Deere & Company DE presently sports a Zacks Rank #1 (Strong Buy). DE’s earnings surprise in the last four quarters was 4.7%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.
In the past 60 days, estimates for Deere & Company’s fiscal 2023 earnings have increased 8.6%. The stock has rallied 1.7% in the past six months.
Alamo Group Inc. ALG presently sports a Zacks Rank of 1. ALG’s earnings surprise in the last four quarters was 6.0%, on average.
In the past 60 days, estimates for Alamo’s fiscal 2023 earnings have increased 7.5%. The stock has gained 25.6% in the past six months.
A. O. Smith Corporation AOS presently carries a Zacks Rank #2 (Buy). AOS’ earnings surprise in the last four quarters was 3.2%, on average.
In the past 60 days, estimates for A. O. Smith’s 2023 earnings have increased 1.2%. The stock has gained 31% in the past six months.
Free Report: Must-See Hydrogen Stocks
Hydrogen fuel cells are already used to provide efficient, ultra-clean energy to buses, ships and even hospitals. This technology is on the verge of a massive breakthrough, one that could make hydrogen a major source of America's power. It could even totally revolutionize the EV industry.
Zacks has released a special report revealing the 4 stocks experts believe will deliver the biggest gains.
Download Cashing In on Cleaner Energy today, absolutely 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
Emerson Electric Co. (EMR) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
A. O. Smith Corporation (AOS) : Free Stock Analysis Report
Alamo Group, Inc. (ALG) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Emerson Electric Co. EMR is backed by multiple tailwinds despite headwinds from logistics and labor constraints and adverse foreign currency movements. In the first quarter of fiscal 2023, the company paid dividends of $308 million and bought back shares worth $2 billion. Within the Intelligent Devices business unit, EMR is seeing underlying sales growth in the Americas region.
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In fiscal 2022 (ended September 2022), the company paid out dividends of $1,223 million and bought back shares worth $500 million. In the first quarter of fiscal 2023, the company paid dividends of $308 million and bought back shares worth $2 billion. Click to get this free report Emerson Electric Co. (EMR) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Alamo Group, Inc. (ALG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Emerson Electric Co. Price and Consensus Emerson Electric Co. price-consensus-chart | Emerson Electric Co. Quote Emerson’s efforts to reward its shareholders through dividend payments and share repurchases are noteworthy. In the past 60 days, estimates for Deere & Company’s fiscal 2023 earnings have increased 8.6%. Click to get this free report Emerson Electric Co. (EMR) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Alamo Group, Inc. (ALG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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In the past 60 days, estimates for Deere & Company’s fiscal 2023 earnings have increased 8.6%. Emerson Electric Co. EMR is backed by multiple tailwinds despite headwinds from logistics and labor constraints and adverse foreign currency movements. Within the Intelligent Devices business unit, EMR is seeing underlying sales growth in the Americas region.
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4688e43d-abba-4888-93eb-9dd5456614b5
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720625.0
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2023-04-10 00:00:00 UTC
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Here's A Better Pick Over Honeywell Stock
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DE
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https://www.nasdaq.com/articles/heres-a-better-pick-over-honeywell-stock
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nan
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nan
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We believe that Emerson Electric stock (NYSE: EMR) is a better pick than Honeywell stock (NYSE: HON), given its better prospects. Honeywell is trading at a comparatively higher valuation multiple of 3.6x trailing revenues vs. 2.4x for Emerson, and we think that this gap in valuation should narrow in favor of Emerson, given its superior revenue growth and profitability, as discussed below.
Looking at stock returns, Honeywell, with -11% returns this year, has fared marginally better than EMR, down 13%, and both have underperformed the broader markets, with the S&P 500 index, up 7%. There is more to the comparison, and in the sections below, we discuss why we believe EMR stock will offer better returns than HON stock in the next three years. We compare a slew of factors, such as historical revenue growth, returns, and valuation multiple, in an interactive dashboard analysis of Honeywell vs. Emerson Electric: Which Stock Is A Better Bet? Parts of the analysis are summarized below.
1. Emerson’s Revenue Growth Is Better
Both companies saw their revenue rise in the last twelve months. Still, Emerson’s 7.6% growth was better than the 3.1% for Honeywell.
Even if we look at a longer time frame, Emerson has fared better, with its sales rising at an average rate of 2.6% to $19.6 billion in 2022, from $18.4 billion in 2019, while Honeywell saw its sales decline at an average rate of -0.9% to $35.5 billion in 2022, vs. $36.7 billion in 2019.
Honeywell has exposure to the Aerospace business, and with airlines being one of the worst-hit sectors during the pandemic, this has weighed on the company’s overall revenue growth since the beginning of the pandemic.
While this trend has now reversed and Honeywell is seeing a steady rise in sales for its Aerospace, Building Technologies, and Performance Materials business, lower demand for personal protective equipment weighs on its Safety & Productivity Solutions segment sales.
For Emerson Electric, the revenue growth over the recent years has been driven by increasing demand for residential, cold-chain, and professional tools. Both of the company’s segments – Automation Solutions and Commercial & Residential Solutions — have seen a steady rise in sales over the recent years, a trend expected to continue in the near term.
Its 2022 underlying revenue growth of 9% y-o-y reflected a good mix of a 4% rise in volume and a 5% contribution from better pricing.
Note that Emerson Electric has announced divestiture plans for its Climate Technologies business, which accounted for 26% of its total sales in 2022. Earlier this year, Emerson offered $7 billion to acquire National Instruments, reflecting a 32% premium to the latter’s stock price before this announcement.
Our Honeywell Revenue Comparison and Emerson Electric Revenue Comparison dashboards provide more details on the revenues.
The table below summarizes our revenue expectation for both companies over the next three years and points to a CAGR of 3% for Honeywell and 6% for Emerson.
Note that we have different methodologies for companies that are negatively impacted by Covid and those that are not impacted or positively impacted by Covid while forecasting future revenues. For companies negatively affected by Covid, we consider the quarterly revenue recovery trajectory to forecast recovery to the pre-Covid revenue run rate. Beyond the recovery point, we apply the average annual growth observed three years before Covid to simulate a return to normal conditions. For companies registering positive revenue growth during Covid, we consider yearly average growth before Covid with a certain weight to growth during Covid and the last twelve months.
2. Emerson Is More Profitable But Comes With Higher Risk
Emerson’s operating margin of 21.8% over the last twelve-month period is better than 19.3% for Honeywell.
This compares with 16.5% and 19.6% figures seen in 2019, before the pandemic, respectively.
Honeywell and Emerson have similar free cash flow margins of about 15%.
Our Honeywell Operating Income Comparison and Emerson Electric Operating Income Comparison dashboards have more details.
Looking at financial risk, Honeywell fares better. Its 15% debt as a percentage of equity is lower than 29% for Emerson, while its 16% cash as a percentage of assets is higher than 5% for the latter, implying that Honeywell has a better debt position and has more cash cushion.
3. The Net of It All
We see that Emerson’s revenue growth is better, the company is more profitable, and is available at a comparatively lower valuation. On the other hand, Honeywell has a better debt position and more cash cushion.
Now, looking at prospects using P/S as a base, due to high fluctuations in P/E and P/EBIT, we believe Emerson is currently the better choice of the two. The table below summarizes our revenue and return expectations for both companies over the next three years and points to an expected return of 15% for Emerson over this period vs. a 3% expected return for Honeywell stock, implying that investors are better off buying EMR over HON, based on Trefis Machine Learning analysis – Honeywell vs. Emerson Electric – which also provides more details on how we arrive at these numbers.
While EMR stock looks like it will offer better growth than HON stock, it is helpful to see how Honeywell’s Peers fare on metrics that matter. You will find other valuable comparisons for companies across industries at Peer Comparisons.
Furthermore, the Covid-19 crisis has created many pricing discontinuities which can offer attractive trading opportunities. For example, you’ll be surprised at how counter-intuitive the stock valuation is for Teradata vs. Crane.
Despite higher inflation and the Fed raising interest rates, Honeywell stock has seen an 11% fall this year. But can it drop from here? See how low Honeywell stock can go by comparing its decline in previous market crashes. Here is a performance summary of all stocks in previous market crashes.
What if you’re looking for a more balanced portfolio instead? Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016.
Returns Apr 2023
MTD [1] 2023
YTD [1] 2017-23
Total [2]
HON Return 0% -11% 72%
EMR Return -4% -13% 49%
S&P 500 Return 0% 7% 83%
Trefis Multi-Strategy Portfolio -2% 6% 232%
[1] Month-to-date and year-to-date as of 4/9/2023
[2] Cumulative total returns since the end of 2016
Invest with Trefis Market-Beating Portfolios
See all Trefis Price Estimates
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at stock returns, Honeywell, with -11% returns this year, has fared marginally better than EMR, down 13%, and both have underperformed the broader markets, with the S&P 500 index, up 7%. Even if we look at a longer time frame, Emerson has fared better, with its sales rising at an average rate of 2.6% to $19.6 billion in 2022, from $18.4 billion in 2019, while Honeywell saw its sales decline at an average rate of -0.9% to $35.5 billion in 2022, vs. $36.7 billion in 2019. Honeywell has exposure to the Aerospace business, and with airlines being one of the worst-hit sectors during the pandemic, this has weighed on the company’s overall revenue growth since the beginning of the pandemic.
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Our Honeywell Operating Income Comparison and Emerson Electric Operating Income Comparison dashboards have more details. Looking at stock returns, Honeywell, with -11% returns this year, has fared marginally better than EMR, down 13%, and both have underperformed the broader markets, with the S&P 500 index, up 7%. Even if we look at a longer time frame, Emerson has fared better, with its sales rising at an average rate of 2.6% to $19.6 billion in 2022, from $18.4 billion in 2019, while Honeywell saw its sales decline at an average rate of -0.9% to $35.5 billion in 2022, vs. $36.7 billion in 2019.
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Our Honeywell Revenue Comparison and Emerson Electric Revenue Comparison dashboards provide more details on the revenues. The table below summarizes our revenue and return expectations for both companies over the next three years and points to an expected return of 15% for Emerson over this period vs. a 3% expected return for Honeywell stock, implying that investors are better off buying EMR over HON, based on Trefis Machine Learning analysis – Honeywell vs. Emerson Electric – which also provides more details on how we arrive at these numbers. Looking at stock returns, Honeywell, with -11% returns this year, has fared marginally better than EMR, down 13%, and both have underperformed the broader markets, with the S&P 500 index, up 7%.
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Looking at stock returns, Honeywell, with -11% returns this year, has fared marginally better than EMR, down 13%, and both have underperformed the broader markets, with the S&P 500 index, up 7%. Even if we look at a longer time frame, Emerson has fared better, with its sales rising at an average rate of 2.6% to $19.6 billion in 2022, from $18.4 billion in 2019, while Honeywell saw its sales decline at an average rate of -0.9% to $35.5 billion in 2022, vs. $36.7 billion in 2019. Honeywell has exposure to the Aerospace business, and with airlines being one of the worst-hit sectors during the pandemic, this has weighed on the company’s overall revenue growth since the beginning of the pandemic.
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579d8da1-48db-479e-85a7-7ff70b348162
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720626.0
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2023-04-10 00:00:00 UTC
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Deere Stock (NYSE:DE): Deep Value Following Recent Plunge
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DE
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https://www.nasdaq.com/articles/deere-stock-nyse%3Ade%3A-deep-value-following-recent-plunge
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nan
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nan
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Deere (NYSE:DE) stock was under considerable pressure last week, thanks in part to a pick-up in recession jitters. Despite the wave of negativity that sent shares down more than 10% last week, I continue to view the farming equipment maker as a deep-value play with heavily-discounted long-term growth prospects. I am bullish and may add to my position on the latest dip.
At writing, Deere stock is down around 16% from its all-time high of $448.40 hit back in December 2022. It's been a steep slide, but let's not forget that Deere stock has been on a hot run since bottoming last summer. Often, fast and furious gains set the stage for equally swift losses.
Regarding its long-term growth prospects, not a lot has changed between now and when the stock was flirting with new highs. Still, it's always wise to proceed with caution when it comes to a seller of big-ticket discretionary goods, even if a low price-to-earnings (P/E) multiple beckons you in with promises of deep value.
Deere Stock: The Fine Line Between Deep Value and a Trap
After last week's beat-down, Deere stock has a 13.7 times trailing P/E ratio. Undoubtedly, investors should be skeptical of companies that boast P/E multiples well below the market average. Typically, low P/Es accompany serious issues and may indicate a value trap. Still, when it comes to Deere, I do think the value to be had in the name is real. However, the company faces prominent headwinds over the year ahead.
The road behind Deere looks far smoother than the one that looks to be ahead. And while recession headwinds could prove more severe, I'm not yet ready to throw in the towel on a well-run company in an industry with legs strong enough not to be broken by the coming recession.
Still, you have to give the shorts credit for their timing. Specifically, research firm Hedgeye made a well-timed call when it rang the alarm bell on the industrial more than two weeks ago when shares were well above the $400 mark.
Deere, which was touted by Hedgeye as one of its top short ideas in the industrial space, has delivered for the bears in record time, at least so far. Hedgeye's short case was pretty sound: too much optimism in a "deep cyclical" in the face of numerous headwinds and a stage set for the "end of the pandemic-era order boom."
Undoubtedly, high-interest rates and the pandemic-driven boom are coming to a conclusion, and a lot of demand has been pulled forward in the last few years. Nevertheless, whether or not this year's slate of headwinds means the beginning of the end for Deere's run, though, remains to be seen.
Deere Stock May Still Have Legs
As well-timed as Hedgeye's call was (it deserves a round of applause), I think the shorts would be wise to book their profits as the path of least resistance could remain up. Despite the recession-fear-induced dip, Deere stock may still have legs over the long run.
The company's long-term growth profile is still sound. Most notably, Deere stands to benefit from secular tailwinds, including the automation of farming. Such tailwinds tend to work their magic over many years, though, and macro headwinds could easily cause investors to lose sight of the longer-term opportunities at hand.
Fortunately, Deere has done a fine job of controlling what it can. The company has also cut costs without taking away from its innovative pace. It's this innovative pace that should keep demand robust in the market's next upcycle. In addition, a recession doesn't necessarily mean "game over" for the farming industry.
Remarkably, crop prices are holding their own. Just have a look at the Invesco DB Agriculture Fund ETF (NYSEARCA:DBA) -- my preferred gauge of crop prices -- which is up more than 50% over the past three years. While many farmers have made the most of high crop prices to update their fleets in recent years, I still think many have yet to reinvest their windfalls in new gear. With productivity-enhancing tech on the latest models of Deere equipment, I do think demand could be more resilient in the face of the next downturn.
Is Deere Stock a Buy, According to Analysts?
Turning to Wall Street, DE stock comes in as a Moderate Buy. Out of 15 analyst ratings, there are nine Buys and six Holds. The average Deere stock price target is $471.67, implying an upside of 25.8%. Analyst price targets range from a low of $398.00 per share to a high of $537.00 per share.
The Bottom Line on Deere Stock
Deere stock hasn't been performing well recently. At this juncture, we're likely a few months away from encountering a recession, and it's the industrials that tend to have dreadful track records when the economy gradually begins to fold.
That said, a recession has been on the market's radar for many months (even a full year) now. I think Deere stock's current valuation already reflects the macro pain to come.
The farming-equipment kingpin already trades at a discount to its machinery peer group on a trailing P/E and price-to-sales (P/S) standpoint (13.7x P/E and 2.0x P/S versus the 16.1x and 3.9x industry averages) and compared to its own five-year historical average (20.8x P/E and 2.3x P/S).
As Deere rolls into harder times, with relatively low expectations in place, I think the stage could be set for outperformance, not underperformance. In such a scenario, I believe the shorts would be wise to run for cover.
Disclosure
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Specifically, research firm Hedgeye made a well-timed call when it rang the alarm bell on the industrial more than two weeks ago when shares were well above the $400 mark. Hedgeye's short case was pretty sound: too much optimism in a "deep cyclical" in the face of numerous headwinds and a stage set for the "end of the pandemic-era order boom." Deere Stock May Still Have Legs As well-timed as Hedgeye's call was (it deserves a round of applause), I think the shorts would be wise to book their profits as the path of least resistance could remain up.
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Deere Stock: The Fine Line Between Deep Value and a Trap After last week's beat-down, Deere stock has a 13.7 times trailing P/E ratio. The average Deere stock price target is $471.67, implying an upside of 25.8%. The Bottom Line on Deere Stock Deere stock hasn't been performing well recently.
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Deere Stock: The Fine Line Between Deep Value and a Trap After last week's beat-down, Deere stock has a 13.7 times trailing P/E ratio. Deere Stock May Still Have Legs As well-timed as Hedgeye's call was (it deserves a round of applause), I think the shorts would be wise to book their profits as the path of least resistance could remain up. The Bottom Line on Deere Stock Deere stock hasn't been performing well recently.
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Deere Stock: The Fine Line Between Deep Value and a Trap After last week's beat-down, Deere stock has a 13.7 times trailing P/E ratio. The Bottom Line on Deere Stock Deere stock hasn't been performing well recently. Deere (NYSE:DE) stock was under considerable pressure last week, thanks in part to a pick-up in recession jitters.
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8c3b081b-c123-4d69-9264-d23edb65071e
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720627.0
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2023-04-10 00:00:00 UTC
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Enersys (ENS) Buys IBCS, Boosts Motive Power Service Offerings
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DE
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https://www.nasdaq.com/articles/enersys-ens-buys-ibcs-boosts-motive-power-service-offerings
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nan
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nan
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EnerSys ENS has recently acquired the United Kingdom (UK) based, battery service and maintenance provider Industrial Battery and Charger Services Limited (IBCS). The financial terms of the transaction were kept under wraps.
The addition of IBCS will enable ENS to bolster its motive power service offerings. This buyout will also strengthen EnerSys’ presence in the UK market and augment its comprehensive range of battery-related services including installation and maintenance to repair and replacement.
IBCS will operate under its present name and branding. Its management team is anticipated to remain unchanged. The buyout is effective immediately.
Enersys Price
Enersys price | Enersys Quote
EnerSys is likely to benefit from its solid product offerings, a firm focus on product innovation (including lithium, Touch-Safe, CPUC and DC fast charge) and strengthening demand in the quarters ahead. Its Energy Systems sales are driven by strength in broadband and data center businesses and favorable pricing actions. Robust demand in electrification and automation end markets is driving growth for the Motive Power segment. For Specialty, robust demand from Class 8 Truck OEMs is supporting the segment’s revenues.
Zacks Rank and Stocks to Consider
ENS currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Some top-ranked stocks from the Industrial Products sector are discussed below:
Deere & Company DE presently sports a Zacks Rank of 1. DE’s earnings surprise in the last four quarters was 4.7%, on average.
In the past 60 days, estimates for Deere & Company’s fiscal 2023 earnings have increased 8.6%. The stock has rallied 1.7% in the past six months.
Alamo Group Inc. ALG presently sports a Zacks Rank of 1. ALG’s earnings surprise in the last four quarters was 6.0%, on average.
In the past 60 days, estimates for Alamo’s fiscal 2023 earnings have increased 7.5%. The stock has gained 25.6% in the past six months.
A. O. Smith Corporation AOS presently carries a Zacks Rank #2 (Buy). AOS’ earnings surprise in the last four quarters was 3.2%, on average.
In the past 60 days, estimates for A. O. Smith’s 2023 earnings have increased 1.2%. The stock has gained 31% in the past six months.
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Deere & Company (DE) : Free Stock Analysis Report
A. O. Smith Corporation (AOS) : Free Stock Analysis Report
Alamo Group, Inc. (ALG) : Free Stock Analysis Report
Enersys (ENS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Robust demand in electrification and automation end markets is driving growth for the Motive Power segment. EnerSys ENS has recently acquired the United Kingdom (UK) based, battery service and maintenance provider Industrial Battery and Charger Services Limited (IBCS). The financial terms of the transaction were kept under wraps.
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Deere & Company DE presently sports a Zacks Rank of 1. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Alamo Group, Inc. (ALG) : Free Stock Analysis Report Enersys (ENS) : Free Stock Analysis Report To read this article on Zacks.com click here. EnerSys ENS has recently acquired the United Kingdom (UK) based, battery service and maintenance provider Industrial Battery and Charger Services Limited (IBCS).
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Enersys Price Enersys price | Enersys Quote EnerSys is likely to benefit from its solid product offerings, a firm focus on product innovation (including lithium, Touch-Safe, CPUC and DC fast charge) and strengthening demand in the quarters ahead. Zacks Rank and Stocks to Consider ENS currently carries a Zacks Rank #3 (Hold). Click to get this free report Deere & Company (DE) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Alamo Group, Inc. (ALG) : Free Stock Analysis Report Enersys (ENS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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EnerSys ENS has recently acquired the United Kingdom (UK) based, battery service and maintenance provider Industrial Battery and Charger Services Limited (IBCS). The financial terms of the transaction were kept under wraps. IBCS will operate under its present name and branding.
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d0389394-c80e-4775-87c9-c1e8c2c4127f
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720628.0
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2023-04-08 00:00:00 UTC
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Guru Fundamental Report for DE
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DE
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https://www.nasdaq.com/articles/guru-fundamental-report-for-de-7
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nan
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nan
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhibit characteristics associated with sustained future growth.
DEERE & COMPANY (DE) is a large-cap value stock in the Constr. & Agric. Machinery industry. The rating using this strategy is 88% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
BOOK/MARKET RATIO: PASS
RETURN ON ASSETS: PASS
CASH FLOW FROM OPERATIONS TO ASSETS: PASS
CASH FLOW FROM OPERATIONS TO ASSETS VS. RETURN ON ASSETS: PASS
RETURN ON ASSETS VARIANCE: PASS
SALES VARIANCE: PASS
ADVERTISING TO ASSETS: FAIL
CAPITAL EXPENDITURES TO ASSETS: PASS
RESEARCH AND DEVELOPMENT TO ASSETS: PASS
Detailed Analysis of DEERE & COMPANY
DE Guru Analysis
DE Fundamental Analysis
More Information on Partha Mohanram
Partha Mohanram Portfolio
About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Sometimes research that changes the investing world can come from the halls of academia. Partha Mohanram is a great example of this. While academic research has shown that value investing works over time, it has found the opposite for growth investing. Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. His research paper "Separating Winners from Losers among Low Book-to-Market Stocks using Financial Statement Analysis" looked at the criteria that can be used to separate growth stocks that continue their upward trajectory from those that don't. Mohanram is currently the John H. Watson Chair in Value Investing at the University of Toronto and was previously an Associate Professor at the Columbia Business School.
Additional Research Links
Factor-Based Stock Portfolios
Factor-Based ETF Portfolios
Harry Browne Permanent Portfolio
Ray Dalio All Weather Portfolio
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. 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. Below is Validea's guru fundamental report for DEERE & COMPANY (DE).
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing.
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Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Additional Research Links Factor-Based Stock Portfolios Factor-Based ETF Portfolios Harry Browne Permanent Portfolio Ray Dalio All Weather Portfolio About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends.
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing.
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b23f5a19-c20f-493d-99d5-a6319a10f8b0
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720629.0
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2023-04-06 00:00:00 UTC
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Deere (DE) Stock Sinks As Market Gains: What You Should Know
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DE
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https://www.nasdaq.com/articles/deere-de-stock-sinks-as-market-gains%3A-what-you-should-know-6
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nan
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nan
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In the latest trading session, Deere (DE) closed at $369.65, marking a -1.12% move from the previous day. This change lagged the S&P 500's 0.36% gain on the day. At the same time, the Dow added 0.01%, and the tech-heavy Nasdaq gained 1.91%.
Prior to today's trading, shares of the agricultural equipment manufacturer had lost 11.9% over the past month. This has lagged the Industrial Products sector's loss of 8.68% and the S&P 500's gain of 1.24% in that time.
Deere will be looking to display strength as it nears its next earnings release. On that day, Deere is projected to report earnings of $8.50 per share, which would represent year-over-year growth of 24.82%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $14.78 billion, up 22.84% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $30.47 per share and revenue of $54.5 billion, which would represent changes of +30.88% and +13.74%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Deere. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Deere currently has a Zacks Rank of #1 (Strong Buy).
Investors should also note Deere's current valuation metrics, including its Forward P/E ratio of 12.27. For comparison, its industry has an average Forward P/E of 12.32, which means Deere is trading at a discount to the group.
Also, we should mention that DE has a PEG ratio of 1. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Manufacturing - Farm Equipment was holding an average PEG ratio of 1 at yesterday's closing price.
The Manufacturing - Farm Equipment industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 16, which puts it in the top 7% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Our system takes these estimate changes into account and delivers a clear, actionable rating model. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. In the latest trading session, Deere (DE) closed at $369.65, marking a -1.12% move from the previous day.
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In the latest trading session, Deere (DE) closed at $369.65, marking a -1.12% move from the previous day. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here. At the same time, the Dow added 0.01%, and the tech-heavy Nasdaq gained 1.91%.
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In the latest trading session, Deere (DE) closed at $369.65, marking a -1.12% move from the previous day. At the same time, the Dow added 0.01%, and the tech-heavy Nasdaq gained 1.91%. Deere will be looking to display strength as it nears its next earnings release.
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On that day, Deere is projected to report earnings of $8.50 per share, which would represent year-over-year growth of 24.82%. In the latest trading session, Deere (DE) closed at $369.65, marking a -1.12% move from the previous day. At the same time, the Dow added 0.01%, and the tech-heavy Nasdaq gained 1.91%.
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3b66a48c-15a4-4190-8738-52afa5a06b8c
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720630.0
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2023-04-06 00:00:00 UTC
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Notable Thursday Option Activity: LW, T, DE
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DE
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https://www.nasdaq.com/articles/notable-thursday-option-activity%3A-lw-t-de
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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Lamb Weston Holdings Inc (Symbol: LW), where a total of 10,120 contracts have traded so far, representing approximately 1.0 million underlying shares. That amounts to about 68.3% of LW's average daily trading volume over the past month of 1.5 million shares. Especially high volume was seen for the $110 strike call option expiring April 21, 2023, with 2,306 contracts trading so far today, representing approximately 230,600 underlying shares of LW. Below is a chart showing LW's trailing twelve month trading history, with the $110 strike highlighted in orange:
AT&T Inc (Symbol: T) saw options trading volume of 201,934 contracts, representing approximately 20.2 million underlying shares or approximately 66.3% of T's average daily trading volume over the past month, of 30.5 million shares. Especially high volume was seen for the $16 strike call option expiring April 21, 2023, with 137,571 contracts trading so far today, representing approximately 13.8 million underlying shares of T. Below is a chart showing T's trailing twelve month trading history, with the $16 strike highlighted in orange:
And Deere & Co. (Symbol: DE) options are showing a volume of 11,137 contracts thus far today. That number of contracts represents approximately 1.1 million underlying shares, working out to a sizeable 63.4% of DE's average daily trading volume over the past month, of 1.8 million shares. Particularly high volume was seen for the $375 strike call option expiring April 06, 2023, with 546 contracts trading so far today, representing approximately 54,600 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $375 strike highlighted in orange:
For the various different available expirations for LW options, T options, or DE options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Institutional Holders of CATC
Funds Holding SOXS
HLIO Stock Predictions
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $110 strike call option expiring April 21, 2023, with 2,306 contracts trading so far today, representing approximately 230,600 underlying shares of LW. Especially high volume was seen for the $16 strike call option expiring April 21, 2023, with 137,571 contracts trading so far today, representing approximately 13.8 million underlying shares of T. Below is a chart showing T's trailing twelve month trading history, with the $16 strike highlighted in orange: And Deere & Co. (Symbol: DE) options are showing a volume of 11,137 contracts thus far today. Particularly high volume was seen for the $375 strike call option expiring April 06, 2023, with 546 contracts trading so far today, representing approximately 54,600 underlying shares of DE.
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Especially high volume was seen for the $110 strike call option expiring April 21, 2023, with 2,306 contracts trading so far today, representing approximately 230,600 underlying shares of LW. Below is a chart showing LW's trailing twelve month trading history, with the $110 strike highlighted in orange: AT&T Inc (Symbol: T) saw options trading volume of 201,934 contracts, representing approximately 20.2 million underlying shares or approximately 66.3% of T's average daily trading volume over the past month, of 30.5 million shares. Especially high volume was seen for the $16 strike call option expiring April 21, 2023, with 137,571 contracts trading so far today, representing approximately 13.8 million underlying shares of T. Below is a chart showing T's trailing twelve month trading history, with the $16 strike highlighted in orange: And Deere & Co. (Symbol: DE) options are showing a volume of 11,137 contracts thus far today.
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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Lamb Weston Holdings Inc (Symbol: LW), where a total of 10,120 contracts have traded so far, representing approximately 1.0 million underlying shares. Below is a chart showing LW's trailing twelve month trading history, with the $110 strike highlighted in orange: AT&T Inc (Symbol: T) saw options trading volume of 201,934 contracts, representing approximately 20.2 million underlying shares or approximately 66.3% of T's average daily trading volume over the past month, of 30.5 million shares. Especially high volume was seen for the $16 strike call option expiring April 21, 2023, with 137,571 contracts trading so far today, representing approximately 13.8 million underlying shares of T. Below is a chart showing T's trailing twelve month trading history, with the $16 strike highlighted in orange: And Deere & Co. (Symbol: DE) options are showing a volume of 11,137 contracts thus far today.
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Especially high volume was seen for the $110 strike call option expiring April 21, 2023, with 2,306 contracts trading so far today, representing approximately 230,600 underlying shares of LW. Below is a chart showing LW's trailing twelve month trading history, with the $110 strike highlighted in orange: AT&T Inc (Symbol: T) saw options trading volume of 201,934 contracts, representing approximately 20.2 million underlying shares or approximately 66.3% of T's average daily trading volume over the past month, of 30.5 million shares. Especially high volume was seen for the $16 strike call option expiring April 21, 2023, with 137,571 contracts trading so far today, representing approximately 13.8 million underlying shares of T. Below is a chart showing T's trailing twelve month trading history, with the $16 strike highlighted in orange: And Deere & Co. (Symbol: DE) options are showing a volume of 11,137 contracts thus far today.
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e58434d9-d705-4bdb-87f6-ad7045f35d51
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720631.0
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2023-04-06 00:00:00 UTC
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Honeywell (HON) 1MW Generator Chosen for Flying Whales Aircraft
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https://www.nasdaq.com/articles/honeywell-hon-1mw-generator-chosen-for-flying-whales-aircraft
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Honeywell International Inc. HON recently secured a contract from Flying Whales to supply a one-megawatt generator for the latter’s latest hybrid-electric airship, the LCA60T. France and Canada-based Flying Whales is constructing a 200-meter-long vertical take-off and landing (VTOL) airship made for the heavy-load transport market.
HON's one-megawatt generator system can merge easily with propulsion and operational systems for piloted or autonomous aircraft. Without making any alterations to electric propulsion engines, it can also be used as a one-megawatt motor. When installed into the LCA60T, the generator is also capable of creating a hybrid propulsion system in integration with a gearbox and a turbine that leverages jet fuel and sustainable aviation fuel (SAF). It will also supply electrical power to the engines. This will create a systematic and sustainable form of travel, which will be identical to hybrid-electric automobiles. This generator is four times more powerful than traditional generators.
Honeywell International Inc. Price
Honeywell International Inc. price | Honeywell International Inc. Quote
Honeywell successfully completed the first round of testing of the one-megawatt generator in May 2022. Since then, the company has conducted many similar tests. Honeywell’s generator showed high-power density and efficiency during the latest round of testing in late 2022. These are the key factors in hybrid-electric propulsion for both aerospace and ground applications.
Zacks Rank and Stocks to Consider
HON currently carries a Zacks Rank #3 (Hold).
Some top-ranked stocks are discussed below:
Deere & Company DE presently sports a Zacks Rank of 1. DE’s earnings surprise in the last four quarters was 4.7%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here.
In the past 60 days, estimates for Deere & Company’s fiscal 2023 earnings have increased 8.6%. The stock has rallied 4.9% in the past six months.
General Electric Company GE presently carries a Zacks Rank #2 (Buy). GE’s earnings surprise in the last four quarters was 27.9%, on average.
In the past 60 days, estimates for General Electric’s fiscal 2023 earnings have increased 2.6%. The stock has gained 46% in the past six months.
A. O. Smith Corporation AOS presently carries a Zacks Rank of 2. AOS’ earnings surprise in the last four quarters was 3.2%, on average.
In the past 60 days, estimates for A. O. Smith’s fiscal 2023 earnings have increased 1.2%. The stock has gained 30.5% in the past six months.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
General Electric Company (GE) : Free Stock Analysis Report
Honeywell International Inc. (HON) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
A. O. Smith Corporation (AOS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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France and Canada-based Flying Whales is constructing a 200-meter-long vertical take-off and landing (VTOL) airship made for the heavy-load transport market. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This will create a systematic and sustainable form of travel, which will be identical to hybrid-electric automobiles.
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Click to get this free report General Electric Company (GE) : Free Stock Analysis Report Honeywell International Inc. (HON) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report To read this article on Zacks.com click here. France and Canada-based Flying Whales is constructing a 200-meter-long vertical take-off and landing (VTOL) airship made for the heavy-load transport market. This will create a systematic and sustainable form of travel, which will be identical to hybrid-electric automobiles.
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Zacks Rank and Stocks to Consider HON currently carries a Zacks Rank #3 (Hold). Click to get this free report General Electric Company (GE) : Free Stock Analysis Report Honeywell International Inc. (HON) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report To read this article on Zacks.com click here. France and Canada-based Flying Whales is constructing a 200-meter-long vertical take-off and landing (VTOL) airship made for the heavy-load transport market.
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France and Canada-based Flying Whales is constructing a 200-meter-long vertical take-off and landing (VTOL) airship made for the heavy-load transport market. This will create a systematic and sustainable form of travel, which will be identical to hybrid-electric automobiles. Honeywell’s generator showed high-power density and efficiency during the latest round of testing in late 2022.
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076e0502-9321-4ad2-89c8-7d0b4857d342
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720632.0
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2023-04-06 00:00:00 UTC
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VONE, DE, CVS, GE: ETF Outflow Alert
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https://www.nasdaq.com/articles/vone-de-cvs-ge%3A-etf-outflow-alert
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard Russell 1000 ETF (Symbol: VONE) where we have detected an approximate $287.0 million dollar outflow -- that's a 7.7% decrease week over week (from 20,250,000 to 18,700,000). Among the largest underlying components of VONE, in trading today Deere & Co. (Symbol: DE) is off about 0.6%, CVS Health Corporation (Symbol: CVS) is up about 0.2%, and General Electric Co (Symbol: GE) is lower by about 0.4%. For a complete list of holdings, visit the VONE Holdings page » The chart below shows the one year price performance of VONE, versus its 200 day moving average:
Looking at the chart above, VONE's low point in its 52 week range is $158.95 per share, with $206.14 as the 52 week high point — that compares with a last trade of $184.62. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Free Report: Top 8%+ Dividends (paid monthly)
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
Also see:
EDNT YTD Return
ABG shares outstanding history
Funds Holding PACW
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard Russell 1000 ETF (Symbol: VONE) where we have detected an approximate $287.0 million dollar outflow -- that's a 7.7% decrease week over week (from 20,250,000 to 18,700,000).
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For a complete list of holdings, visit the VONE Holdings page » The chart below shows the one year price performance of VONE, versus its 200 day moving average: Looking at the chart above, VONE's low point in its 52 week range is $158.95 per share, with $206.14 as the 52 week high point — that compares with a last trade of $184.62. Free Report: Top 8%+ Dividends (paid monthly) Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed).
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard Russell 1000 ETF (Symbol: VONE) where we have detected an approximate $287.0 million dollar outflow -- that's a 7.7% decrease week over week (from 20,250,000 to 18,700,000). For a complete list of holdings, visit the VONE Holdings page » The chart below shows the one year price performance of VONE, versus its 200 day moving average: Looking at the chart above, VONE's low point in its 52 week range is $158.95 per share, with $206.14 as the 52 week high point — that compares with a last trade of $184.62. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard Russell 1000 ETF (Symbol: VONE) where we have detected an approximate $287.0 million dollar outflow -- that's a 7.7% decrease week over week (from 20,250,000 to 18,700,000). For a complete list of holdings, visit the VONE Holdings page » The chart below shows the one year price performance of VONE, versus its 200 day moving average: Looking at the chart above, VONE's low point in its 52 week range is $158.95 per share, with $206.14 as the 52 week high point — that compares with a last trade of $184.62. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed).
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720633.0
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2023-04-05 00:00:00 UTC
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Wednesday Sector Laggards: Technology & Communications, Industrial
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https://www.nasdaq.com/articles/wednesday-sector-laggards%3A-technology-communications-industrial
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The worst performing sector as of midday Wednesday is the Technology & Communications sector, showing a 1.2% loss. Within the sector, Enphase Energy Inc. (Symbol: ENPH) and Etsy Inc (Symbol: ETSY) are two large stocks that are lagging, showing a loss of 4.5% and 4.0%, respectively. Among technology ETFs, one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is down 1.3% on the day, and up 20.33% year-to-date. Enphase Energy Inc., meanwhile, is down 23.68% year-to-date, and Etsy Inc, is down 7.34% year-to-date. ENPH makes up approximately 0.4% of the underlying holdings of XLK.
The next worst performing sector is the Industrial sector, showing a 1.2% loss. Among large Industrial stocks, Deere & Co. (Symbol: DE) and Stanley Black & Decker Inc (Symbol: SWK) are the most notable, showing a loss of 5.7% and 3.5%, respectively. One ETF closely tracking Industrial stocks is the Industrial Select Sector SPDR ETF (XLI), which is down 1.3% in midday trading, and down 0.22% on a year-to-date basis. Deere & Co., meanwhile, is down 11.32% year-to-date, and Stanley Black & Decker Inc, is down 1.23% year-to-date. Combined, DE and SWK make up approximately 3.9% of the underlying holdings of XLI.
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, three sectors are up on the day, while six sectors are down.
SECTOR % CHANGE
Utilities +2.7%
Healthcare +1.1%
Energy +0.7%
Financial -0.2%
Consumer Products -0.4%
Materials -0.8%
Services -0.9%
Technology & Communications -1.2%
Industrial -1.2%
25 Dividend Giants Widely Held By ETFs »
Also see:
FANG Options Chain
REGN market cap history
Institutional Holders of RSG
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Combined, DE and SWK make up approximately 3.9% of the underlying holdings of XLI. Utilities +2.7% Healthcare +1.1% Energy +0.7% Financial -0.2% Consumer Products -0.4% Materials -0.8% Services -0.9% Technology & Communications -1.2% Industrial -1.2% 25 Dividend Giants Widely Held By ETFs » Also see: FANG Options Chain REGN market cap history Institutional Holders of RSG The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. ENPH makes up approximately 0.4% of the underlying holdings of XLK.
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Among large Industrial stocks, Deere & Co. (Symbol: DE) and Stanley Black & Decker Inc (Symbol: SWK) are the most notable, showing a loss of 5.7% and 3.5%, respectively. ENPH makes up approximately 0.4% of the underlying holdings of XLK. Deere & Co., meanwhile, is down 11.32% year-to-date, and Stanley Black & Decker Inc, is down 1.23% year-to-date.
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ENPH makes up approximately 0.4% of the underlying holdings of XLK. Among large Industrial stocks, Deere & Co. (Symbol: DE) and Stanley Black & Decker Inc (Symbol: SWK) are the most notable, showing a loss of 5.7% and 3.5%, respectively. Deere & Co., meanwhile, is down 11.32% year-to-date, and Stanley Black & Decker Inc, is down 1.23% year-to-date.
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ENPH makes up approximately 0.4% of the underlying holdings of XLK. Among large Industrial stocks, Deere & Co. (Symbol: DE) and Stanley Black & Decker Inc (Symbol: SWK) are the most notable, showing a loss of 5.7% and 3.5%, respectively. Deere & Co., meanwhile, is down 11.32% year-to-date, and Stanley Black & Decker Inc, is down 1.23% year-to-date.
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720634.0
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2023-04-05 00:00:00 UTC
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The 3 Most Undervalued Blue-Chip Stocks to Buy in April 2023
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https://www.nasdaq.com/articles/the-3-most-undervalued-blue-chip-stocks-to-buy-in-april-2023
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
In good markets and bad, investors are always scouring for a good deal in the stock market. In bull markets, it’s easier to pick top-performing growth stocks. In bear markets, we have to dig a bit deeper and seek out high-quality companies. That’s got investors looking for the most undervalued blue-chip stocks.
Blue-chip stocks are often on investors’ radar because they tend to perform well over long stretches of time. The hope is that these stocks keep pace or exceed the performance of the S&P 500 during bull markets and hold up better than the index during bear markets.
Admittedly, that’s a tough ask. However, that’s what we’re after when looking for the best stocks to buy. Let’s look at a few undervalued blue-chip stocks.
Deere (DE)
Source: Jim Lambert / Shutterstock.com
How much growth does Deere (NYSE:DE) have left in it? To be honest, I’m not sure. But I do know that the company keeps knocking it out of the park. Shares are down about 4% over the past year, but have increased by 193% over the last three years.
Analysts expect roughly 31% earnings growth in 2023 on revenue growth of 13.4%. In other words, Deere is pumping out some solid growth for its business. For this, investors are paying just 13 times earnings. Not to mention, it recently delivered strong results and raised its full-year outlook.
The stock doesn’t have the most robust dividend payout, yielding just 1.25%. However, that shouldn’t stop investors from taking a closer look at the name. The one hang up buyers may encounter is a potential recession. A large economic slowdown will send buyers into stocks like Johnson & Johnson (NYSE:JNJ) and out of cyclical names like Deere.
Johnson & Johnson (JNJ)
Source: Olga Kononok/Shutterstock
I have been writing a lot about Johnson & Johnson (NYSE:JNJ) lately, but it’s hard not to, especially when looking at undervalued blue-chip stocks. The company behind many health and hygiene brands like Tylenol, Neutrogena, Aveeno, Listerine and Johnson’s is a dividend stud, having raised its payout for 60 consecutive years. In April, investors expect the company to do so once again. Currently, the yield is just under 3%.
While the company is not blowing away investors with its growth, it’s quite consistent. Analysts expect roughly 3% revenue growth this year and next year, alongside roughly 3.5% earnings growth in 2023 and 2024.
However, it’s not like we’re paying 25 to 30 times earnings for this growth. Instead, JNJ shares trade at roughly 15 times this year’s earnings estimates. That’s incredibly reasonable for the consistency we’re getting here.
When shares of a blue-chip stock go on sale, it’s best to do some shopping. That’s exactly the case here, as shares previously declined in nine straight weeks.
Chevron (CVX)
Source: Sundry Photography / Shutterstock.com
No one wants to buy energy stocks at the top of the cycle, nor do they want to buy energy stocks ahead of a potential recession. Like Deere, investors in Chevron (NYSE:CVX) and energy stocks in general will need to keep an eye on how these stocks trade.
However, the reality is that these stocks command low valuations and high dividend yields amid a period of robust cash flow. While oil and natural gas prices have been under pressure, they have started to rebound in recent trading.
From the March 20 low to the high on April 4, crude oil has climbed over 27%. Natural gas prices are closer to a low than a high at this point, so it could become a catalyst down the road too.
As it pertains to Chevron, the company recently raised its annual dividend payout to more than $6 a share. As a result, it sports a yield of 3.6%.
Further, the company recently announced a $75 billion buyback plan. Given the company’s market cap of just $322 million, that’s a significant buyback plan. Despite down-to-flat growth expectations over the next 20 months, Chevron’s robust cash flow should generate shareholder value.
On the date of publication, Bret Kenwell held a long position in JNJ. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell.
The post The 3 Most Undervalued Blue-Chip Stocks to Buy in April 2023 appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company behind many health and hygiene brands like Tylenol, Neutrogena, Aveeno, Listerine and Johnson’s is a dividend stud, having raised its payout for 60 consecutive years. However, the reality is that these stocks command low valuations and high dividend yields amid a period of robust cash flow. Despite down-to-flat growth expectations over the next 20 months, Chevron’s robust cash flow should generate shareholder value.
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Analysts expect roughly 3% revenue growth this year and next year, alongside roughly 3.5% earnings growth in 2023 and 2024. Like Deere, investors in Chevron (NYSE:CVX) and energy stocks in general will need to keep an eye on how these stocks trade. InvestorPlace - Stock Market News, Stock Advice & Trading Tips In good markets and bad, investors are always scouring for a good deal in the stock market.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips In good markets and bad, investors are always scouring for a good deal in the stock market. Johnson & Johnson (JNJ) Source: Olga Kononok/Shutterstock I have been writing a lot about Johnson & Johnson (NYSE:JNJ) lately, but it’s hard not to, especially when looking at undervalued blue-chip stocks. Like Deere, investors in Chevron (NYSE:CVX) and energy stocks in general will need to keep an eye on how these stocks trade.
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That’s got investors looking for the most undervalued blue-chip stocks. InvestorPlace - Stock Market News, Stock Advice & Trading Tips In good markets and bad, investors are always scouring for a good deal in the stock market. In bear markets, we have to dig a bit deeper and seek out high-quality companies.
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2023-04-05 00:00:00 UTC
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Applied Industrial (AIT) Buys AMS, Expands Automation Platform
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https://www.nasdaq.com/articles/applied-industrial-ait-buys-ams-expands-automation-platform
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Applied Industrial Technologies AIT acquired Advanced Motion Systems Inc. (“AMS”), expanding its automation platform. AMS is an automation products, services and engineered solutions provider based in Rochester, NY. Terms of the deal were kept under wraps.
With strong solutions capabilities in machine vision, motion control and related services, AMS caters to the emerging automation needs of customers. The acquisition is in sync with AIT’s solutions-centric strategy.
The addition of AMS expands Applied Industrial’s footprint in the upper Northeast region of the United States while helping in bolstering relationships with leading suppliers. The buyout fortifies AIT’s growth capacity in several emerging applications across key industry verticals.
Applied Industrial Technologies, Inc. Price
Applied Industrial Technologies, Inc. price | Applied Industrial Technologies, Inc. Quote
Over time, Applied Industrial has been focusing on acquiring businesses to expand operations. In November 2022, the company acquired Automation, Inc., expanding its footprint across key verticals and geographies while supplementing its value-added services and cross-selling efforts. In August 2021, AIT acquired R.R. Floody, strengthening its offerings in the automation technology space and boosting its reach across the U.S. Midwest market.
Zacks Rank & Key Picks
Applied Industrial presently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks within the broader Industrial Products sector are as follows:
Deere & Company DE currently sports a Zacks Rank #1 (Strong Buy). The company pulled off a trailing four-quarter earnings surprise of 4.7%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.
Deere has an estimated earnings growth rate of 31% for the current fiscal year. The stock has gained around 12% in the past six months.
Ingersoll Rand IR presently flaunts a Zacks Rank #1. The company delivered a trailing four-quarter earnings surprise of 8.5%, on average.
Ingersoll Rand has an estimated earnings growth rate of 7% for the current year. The stock has rallied 17.6% in the past six months.
Illinois Tool Works ITW currently carries a Zacks Rank #2 (Buy). The company pulled off a trailing four-quarter earnings surprise of 0.9%, on average.
Illinois Tool has an estimated earnings growth rate of approximately 4% in the past six months. The stock has gained 22.2% in the past six months.
Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry
Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.
>>Send me my free report on the top 5 EV stocks
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Illinois Tool Works Inc. (ITW) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report
Ingersoll Rand Inc. (IR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In November 2022, the company acquired Automation, Inc., expanding its footprint across key verticals and geographies while supplementing its value-added services and cross-selling efforts. AMS is an automation products, services and engineered solutions provider based in Rochester, NY. Terms of the deal were kept under wraps.
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Click to get this free report Illinois Tool Works Inc. (ITW) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report To read this article on Zacks.com click here. AMS is an automation products, services and engineered solutions provider based in Rochester, NY. Terms of the deal were kept under wraps.
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Click to get this free report Illinois Tool Works Inc. (ITW) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report To read this article on Zacks.com click here. AMS is an automation products, services and engineered solutions provider based in Rochester, NY. Terms of the deal were kept under wraps.
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Click to get this free report Illinois Tool Works Inc. (ITW) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report To read this article on Zacks.com click here. AMS is an automation products, services and engineered solutions provider based in Rochester, NY. Terms of the deal were kept under wraps.
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2023-04-05 00:00:00 UTC
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Zacks.com featured highlights Deere, Arcos Dorados and Sea
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For Immediate Release
Chicago, IL – April 5, 2023 – Stocks in this week’s article are Deere & Co. DE, Arcos Dorados ARCO and Sea Ltd. SE.
3 Top-Rated Efficient Stocks to Enrich Your Portfolio
Irrespective of market conditions, companies with favorable efficiency levels are likely to be on investors’ radar. This is because a company with a favorable efficiency level is expected to offer impressive returns as it is believed to be positively correlated to the company’s price performance.
Notably, efficiency, which is the ability to transform inputs into outputs, is a potential indicator of a company’s financial health.
However, at times it becomes difficult to measure the efficiency level of a company. This is why one must consider popular efficiency ratios while selecting stocks. These efficiency ratios are:
Inventory Turnover: The ratio of the 12-month cost of goods sold (COGS) to a four-quarter average inventory is considered one of the most popular efficiency ratios. It indicates a company’s ability to maintain a suitable inventory position. While a high value indicates that the company has a relatively low level of inventory compared to COGS, a low value indicates that the company is facing declining sales, which has resulted in excess inventory.
Receivables Turnover: This is the ratio of 12-month sales to four-quarter average receivables. It shows a company’s potential to extend its credit and collect debt in terms of that credit. A high receivables turnover ratio or the “accounts receivable turnover ratio” or “debtor’s turnover ratio” is desirable as it shows that the company is capable of collecting its accounts receivables or that it has quality customers.
Asset Utilization: This ratio indicates a company’s capability to convert assets into output and is thus a widely known measure of efficiency level. It is calculated by dividing total sales over the past 12 months by the last four-quarter average of total assets. Like the above ratios, high asset utilization may indicate that a company is efficient.
Operating Margin: This efficiency measure is the ratio of operating income over the past 12 months to sales over the same period. It measures a company’s ability to control operating expenses. Hence, a high value of the ratio may indicate that the company manages its operating expenses more efficiently than its peers.
Here are the top three stocks that made it through the screen:
Deere & Co. is the world’s largest producer of agricultural equipment. Deere has an average four-quarter positive earnings surprise of 4.7%.
Arcos Dorados operates as a franchisee of McDonald's, with its operations divided in Brazil; the North Latin America division; South Latin America and the Caribbean division. Arcos Dorados has an average four-quarter positive earnings surprise of nearly 46%.
Sea Ltd. is an internet service provider. Sea Limited has an average four-quarter positive earnings surprise of 69.7%.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/2074118/3-top-rated-efficient-stocks-to-enrich-your-portfolio
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.
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Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer. 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.
Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry
Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.
>>Send me my free report on the top 5 EV stocks
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE) : Free Stock Analysis Report
Sea Limited Sponsored ADR (SE) : Free Stock Analysis Report
Arcos Dorados Holdings Inc. (ARCO) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This 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. For Immediate Release Chicago, IL – April 5, 2023 – Stocks in this week’s article are Deere & Co. DE, Arcos Dorados ARCO and Sea Ltd. This is why one must consider popular efficiency ratios while selecting stocks.
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A high receivables turnover ratio or the “accounts receivable turnover ratio” or “debtor’s turnover ratio” is desirable as it shows that the company is capable of collecting its accounts receivables or that it has quality customers. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Sea Limited Sponsored ADR (SE) : Free Stock Analysis Report Arcos Dorados Holdings Inc. (ARCO) : Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL – April 5, 2023 – Stocks in this week’s article are Deere & Co. DE, Arcos Dorados ARCO and Sea Ltd.
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These efficiency ratios are: Inventory Turnover: The ratio of the 12-month cost of goods sold (COGS) to a four-quarter average inventory is considered one of the most popular efficiency ratios. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Sea Limited Sponsored ADR (SE) : Free Stock Analysis Report Arcos Dorados Holdings Inc. (ARCO) : Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL – April 5, 2023 – Stocks in this week’s article are Deere & Co. DE, Arcos Dorados ARCO and Sea Ltd.
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Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Sea Limited Sponsored ADR (SE) : Free Stock Analysis Report Arcos Dorados Holdings Inc. (ARCO) : Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL – April 5, 2023 – Stocks in this week’s article are Deere & Co. DE, Arcos Dorados ARCO and Sea Ltd. This is why one must consider popular efficiency ratios while selecting stocks.
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2023-04-05 00:00:00 UTC
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Graco (GGG) Unveils Electric-Powered Airless Gun for Small Jobs
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Graco Inc. GGG recently launched the first electric-powered airless gun Ultra QuickShot. This product is designed to provide quick and premium quality results for professional painting contractors.
This tool merges various industry-first technologies that make small jobs quicker by providing unmatched performance and convenience. It features a swift trigger speed, more than 80X faster than a traditional airless gun. The Ultra QuickShot’s state-of-the-art-technology diminishes spits, ensuring a professional-grade and smooth finish on all small jobs.
This electric-powered airless gun is compact, which makes it suitable for use in small spaces and hard-to-reach areas. Also, its lightweight design lowers user fatigue while spraying. The on-demand pressure and flow control feature enable the contractors to quickly dial in the required performance with precision and control.
Graco Inc. Price
Graco Inc. price | Graco Inc. Quote
The Ultra QuickShot operates on battery and its belt and holster make the electric-powered airless gun highly portable. It has a six-foot flexible hose for full reach, allowing the painting professionals to spray all small jobs with easy hose management. Its other features include Quick setup, Quick refills & color changes, Quick application speeds and Quick clean up.
Zacks Rank and Stocks to Consider
GGG currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks.
Some top-ranked stocks from the Industrial Products sector are discussed below:
Deere & Company DE presently sports a Zacks Rank #1. DE’s earnings surprise in the last four quarters was 4.7%, on average.
In the past 60 days, estimates for Deere & Company’s fiscal 2023 earnings have increased 8.6%. The stock has rallied 11.8% in the past six months.
Alamo Group Inc. ALG presently sports a Zacks Rank of 1. ALG’s earnings surprise in the last four quarters was 6.0%, on average.
In the past 60 days, estimates for Alamo’s fiscal 2023 earnings have increased 7.5%. The stock has gained 32.5% in the past six months.
A. O. Smith Corporation AOS presently carries a Zacks Rank of 2 (Buy). AOS’ earnings surprise in the last four quarters was 3.2%, on average.
In the past 60 days, estimates for A. O. Smith’s 2023 earnings have increased 1.2%. The stock has gained 27.9% in the past six months.
Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry
Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.
>>Send me my free report on the top 5 EV stocks
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE) : Free Stock Analysis Report
A. O. Smith Corporation (AOS) : Free Stock Analysis Report
Graco Inc. (GGG) : Free Stock Analysis Report
Alamo Group, Inc. (ALG) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Ultra QuickShot’s state-of-the-art-technology diminishes spits, ensuring a professional-grade and smooth finish on all small jobs. This product is designed to provide quick and premium quality results for professional painting contractors. Also, its lightweight design lowers user fatigue while spraying.
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Deere & Company DE presently sports a Zacks Rank #1. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Graco Inc. (GGG) : Free Stock Analysis Report Alamo Group, Inc. (ALG) : Free Stock Analysis Report To read this article on Zacks.com click here. This product is designed to provide quick and premium quality results for professional painting contractors.
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Zacks Rank and Stocks to Consider GGG currently carries a Zacks Rank #3 (Hold). Click to get this free report Deere & Company (DE) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Graco Inc. (GGG) : Free Stock Analysis Report Alamo Group, Inc. (ALG) : Free Stock Analysis Report To read this article on Zacks.com click here. This product is designed to provide quick and premium quality results for professional painting contractors.
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This product is designed to provide quick and premium quality results for professional painting contractors. The Ultra QuickShot’s state-of-the-art-technology diminishes spits, ensuring a professional-grade and smooth finish on all small jobs. Also, its lightweight design lowers user fatigue while spraying.
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2023-04-05 00:00:00 UTC
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ABB to Invest $170M in Manufacturing Facilities Across the US
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ABB ABB announced an investment of approximately $170 million in various parts of the United States to meet increased customer demand for electrification and automation products. The investment is expected to create several skilled jobs in manufacturing, innovation and distribution operations. It also supports the clean energy transition and the trend toward reshoring of production.
In New Berlin, WI, ABB is investing nearly $100 million toward opening a Drives and Services manufacturing facility, increasing the U.S. production capacity of industrial electric drives while simultaneously offering additional customer services. The facility will help in reducing energy consumption in buildings and industrial applications in the U.S. market. The construction of the facility is expected to be completed in 2024 and will create about 100 new jobs in the next three years.
In Memphis, TN, ABB is investing $3 million for the creation of an Installation Products Research & Development Lab and Innovation Center to facilitate the development of new products.
ABB Ltd Price
ABB Ltd price | ABB Ltd Quote
In Atlanta, GA, ABB is building a packaging and logistics facility for end-to-end robotic automation solutions in the warehouse and distribution, retail, and logistics industries. To this end, the company is investing $2 million. The facility is expected to open in 2023, creating about 15 new jobs.
ABB recently announced that it is investing $40 million to create a new manufacturing facility in Albuquerque, NM, for its Installation Products Division. The new facility will cater to increased demand for its leading Elastimold solutions essential to wildfire mitigation and underground and grid hardening projects.
ABB also declared recently that it is investing $20 million to increase production at its existing North American robotics headquarters and manufacturing facility in Auburn Hills, MI. The project, expected to be completed in November 2023, will create several new jobs in Michigan.
In Lehigh Valley, PA, ABB is investing more than $4 million to develop an Installation Products Division Northeast Distribution Center this year. The facility, which is expected to create more than 100 jobs, will regionalize ABB’s global supply chain, thus reducing delivery times of high-demand electrification products to contractors by up to 50%.
ABB E-mobility is making an investment toward opening an electric vehicle charger manufacturing facility to support operators building the national charging infrastructure. The investment will create more than 100 jobs.
Zacks Rank & Other Key Picks
ABB presently carries a Zacks Rank #2 (Buy). Some other top-ranked stocks within the broader Industrial Products sector are as follows:
Deere & Company DE currently sports a Zacks Rank #1 (Strong Buy). The company pulled off a trailing four-quarter earnings surprise of 4.7%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.
Deere has an estimated earnings growth rate of 31% for the current fiscal year. The stock has gained around 12% in the past six months.
Ingersoll Rand IR presently flaunts a Zacks Rank #1. The company delivered a trailing four-quarter earnings surprise of 8.5%, on average.
Ingersoll Rand has an estimated earnings growth rate of 7% for the current year. The stock has rallied 17.6% in the past six months.
Illinois Tool Works ITW currently carries a Zacks Rank #2. The company pulled off a trailing four-quarter earnings surprise of 0.9%, on average.
Illinois Tool has an estimated earnings growth rate of approximately 4% in the past six months. The stock has gained 22.2% in the past six months.
Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry
Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.
>>Send me my free report on the top 5 EV stocks
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Illinois Tool Works Inc. (ITW) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
ABB Ltd (ABB) : Free Stock Analysis Report
Ingersoll Rand Inc. (IR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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ABB also declared recently that it is investing $20 million to increase production at its existing North American robotics headquarters and manufacturing facility in Auburn Hills, MI. The facility, which is expected to create more than 100 jobs, will regionalize ABB’s global supply chain, thus reducing delivery times of high-demand electrification products to contractors by up to 50%. ABB ABB announced an investment of approximately $170 million in various parts of the United States to meet increased customer demand for electrification and automation products.
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Click to get this free report Illinois Tool Works Inc. (ITW) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report ABB Ltd (ABB) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report To read this article on Zacks.com click here. ABB ABB announced an investment of approximately $170 million in various parts of the United States to meet increased customer demand for electrification and automation products. In Memphis, TN, ABB is investing $3 million for the creation of an Installation Products Research & Development Lab and Innovation Center to facilitate the development of new products.
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Click to get this free report Illinois Tool Works Inc. (ITW) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report ABB Ltd (ABB) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report To read this article on Zacks.com click here. ABB ABB announced an investment of approximately $170 million in various parts of the United States to meet increased customer demand for electrification and automation products. In Memphis, TN, ABB is investing $3 million for the creation of an Installation Products Research & Development Lab and Innovation Center to facilitate the development of new products.
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ABB ABB announced an investment of approximately $170 million in various parts of the United States to meet increased customer demand for electrification and automation products. In Memphis, TN, ABB is investing $3 million for the creation of an Installation Products Research & Development Lab and Innovation Center to facilitate the development of new products. The new facility will cater to increased demand for its leading Elastimold solutions essential to wildfire mitigation and underground and grid hardening projects.
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2023-04-04 00:00:00 UTC
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7 Stocks to Buy for the Massive Rally Ahead
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Well-known investment advisor Ed Yardeni believes that U.S. stocks are poised to rally this year. Speaking to CNBC last week, Yardeni said that the banking mini-crisis will be “very well-contained” by the Federal Reserve and Federal Deposit Insurance Corporation (FDIC). He noted that the banks’ issues should prevent the Fed from raising interest rates further and that he thinks the S&P 500 could surge to 4,600 by the end of this year — a 12% rise from here. If you share Yardeni’s bullish outlook — as I do — it’s time to think about stocks to buy for a market rally.
With many investors looking for a recession that probably won’t materialize, I believe growth stocks that are highly leveraged to the American economy are a good bet. But given the elevated interest rate environment and the cautiousness of many investors, I would avoid names with stratospheric valuations unless they have strong disruptive potential.
The seven names below stand to benefit from stronger-than-expected economic growth and are reasonably valued stocks to buy for a market rally.
GE General Electric $95.05
RVNC Revance Therapeutics $33.41
ON ON Semiconductor $78.49
DE Deere & Company $397.66
M Macy’s $18.92
FCX Freeport-McMoRan $40.26
CLF Cleveland-Cliffs $17.49
General Electric (GE)
Source: Sundry Photography / Shutterstock.com
General Electric (NYSE:GE) is one of the world’s largest and most-diversified industrial companies. I’ve included it on today’s list of stocks to buy for a market rally for two reasons.
The first is that the company is poised to benefit from strong demand for travel given its huge aircraft engine business.
Travel has made a full comeback, with spending in March up 9% year over year and 5% from 2019 levels, according to the U.S. Travel Association. While international travel spending remains below pre-pandemic levels, it is improving. Further, more than half of Americans said they are planning to prioritize leisure travel spending. And additional research by the Global Business Travel Association suggests business travel is expected to pick up this year as well.
Robust travel demand has led to airlines ordering more planes. Boeing (NYSE:BA) and Airbus (OTC:EADSY) are the only large passenger aircraft manufacturers in the world, and GE counts both as customers. Thanks to a 26% jump in orders for its aerospace division in Q4, revenue for the segment was up 25% year over year. And as Seeking Alpha’s Rob Williams recently noted, shares popped to multiyear highs after management said this demand would drive revenue for years to come, including double-digit growth this year.
The other reason I like GE stock here is that the company’s Grid Solutions unit has a great deal of growth ahead of it. The segment provides “power utilities and industries worldwide with equipment, systems and services to bring power reliably and efficiently from the point of generation to end power consumer.”
Already this year, GE has won a multi-million-dollar contract from the Nepal Electricity Authority to strengthen the country’s power transmission network. Further, two “GE-led consortiums” were awarded five multiyear contracts to build high-voltage direct current systems for wind power generation in the Netherlands and Germany.
GE stock is up 45% so far this year. Despite its recent rally, shares change hands for a very reasonable 17.5 times trailing operating cash flow.
Revance Therapeutics (RVNC)
Source: Roman Samborskyi / Shutterstock.com
Revance Therapeutics (NASDAQ:RVNC) has developed an injection called Daxxify that combats frown lines. Approved by the Food and Drug Administration (FDA) in September, the product has emerged as a competitor to Botox. The big selling point for Daxxify is that it lasts six months, about twice as long as Botox.
The company reported Q4 results in late February. Revenue surged 92% year over year to $49.9 million. The increase was partially driven by Daxxify, which generated strong sales even before its commercial launch at the end of last month.
“[W]e’ve been very pleased with the strong initial uptake and positive feedback from both injectors and consumers,” said Revance Chief Executive Officer (CEO) Mark Foley during the company’s Q4 earnings call.
Following the release of the quarterly results, Barclays reiterated its “overweight” rating on RVNC stock and raised its price target to $40 from $37, saying it offers a compelling risk/reward proposition. The new target implies upside of 20% from current levels.
As the economy strengthens, consumers will have more disposable income to pay for things like Daxxify. I believe the company’s $2.8 billion market capitalization far understates its value given the vast potential of Daxxify.
ON Semiconductor (ON)
Source: Shutterstock
On Semiconductor (NASDAQ:ON) is a chipmaker that’s highly leveraged to the automotive and industrial end markets, both of which are growing rapidly. In fact, in the fourth quarter of 2022, those two end markets generated about 83% of On’s total sales.
Fueled by electrification and the proliferation of advanced driver-assistance systems (ADAS), On’s revenue from its automotive customers is expected to grow at an impressive compound annual growth rate (CAGR) of 17% from 2021 to 2025, while its industrial revenue is poised to increase at a CAGR of 7%.
In a March 7 discussion with an analyst, On CEO Hassane El-Khoury noted, “We’ve had strong last couple of years, and we see that strength sustaining.”
On March 8, Bank of America increased its price target for ON stock to $100 from $90, citing El-Khoury’s comments along with a new deal that the company signed to supply BMW (OTC:BMWYY) with chips for its EVs. The new target is more than 27% above the current share price.
Finally, ON stock is changing hands at an attractive price-to-earnings (P/E) ratio of 18.5, representing a discount to its five-year average P/E of 31.
Deere & Company (DE)
Source: Jim Lambert / Shutterstock.com
Deere & Company (NYSE:DE), a leading maker and marketer of farm machinery, is poised to benefit from two important trends: continued high food prices and Washington’s huge infrastructure spending.
Because of high food prices, farmers in America and other countries are “in the money,” as they say, enabling them to pay high prices for Deere’s farm machinery and upgrade their machinery often.
On the infrastructure front, Investor’s Business Daily contributor Michael Molinski pointed out in December that Deere should benefit from the Infrastructure Investment and Jobs Act passed last year, since the company sells a significant amount of construction equipment. Meanwhile, the Inflation Reduction Act, which includes billions of dollars for renewable energy and mining projects, should drive sales of the company’s mining and other equipment.
Also likely to work in Deere’s favor in 2023 is the normalization of supply chains, as this headwind was a drag on the company’s financial results last year. Finally, Deere is a play on artificial intelligence (AI), one of the year’s hottest trends, with its development of “fully autonomous” tractors.
Analysts expect the company to grow revenue by 13.4% to $54.4 billion this year and for earnings to increase by 31% to $30.49 per share. I wouldn’t be surprised to see the company exceed these levels. DE’s construction unit, in particular, should benefit from stronger-than-expected U.S. economic growth.
Macy’s (M)
Source: digitalreflections / Shutterstock.com
Macy’s (NYSE:M) is a good way to play several important macro trends. These include U.S. economic growth that’s likely to beat expectations, continued strength in the labor market and increasing consumer discretionary spending.
The retailer reported Q4 results on March 2. Adjusted earnings, excluding certain items, of $1.71 per share came in well above analysts’ average estimate of $1.57, while revenue of $8.3 billion was in line with estimates. While same-store sales were down 2.7% on a year-over-year basis, they were up 3.3% from the fourth quarter of 2019.
In a note to investors on March 3, TD Cowen increased its price target on M stock to $29 from $27, implying upside of 53%. The bank noted Macy’s ability to meaningfully cut its inventories while “driving profitable sales growth and realizing strength in gifting occasion-wear beauty and luxury in 4Q inclusive of a better January,” according to The Fly.
M stock is trading with a bargain basement trailing price-earnings ratio of 3.2 and has a sizeable dividend yield of 3.5%.
Freeport McMoran (FCX)
Source: MICHAEL A JACKSON FILMS / Shutterstock.com
Like Macy’s Freeport McMoran (NYSE:FCX) is a play on multiple strong macro trends. In the case of FCX, the copper miner is well-positioned to benefit from U.S. economic growth, the energy transition, America’s onshoring trend and the electrification of transportation. Additionally, the reopening of China’s economy bodes very well for FCX stock.
Last month, Goldman Sachs called its outlook for copper “extraordinarily positive” due to record-low inventories and supply that’s likely to peak next year. The bank expects copper prices to reach $10,500 a ton in the near term and $15,000 a ton in the longer term, up from around $8,900 a ton currently.
Even more upbeat is Trafigura. On March 20, the copper trader said prices could hit $12,000 per ton within a year due to a shortage of the metal.
Higher copper prices translate into more profits for Freeport McMoran and its shareholders.
Cleveland Cliffs (CLF)
Source: Pavel Kapysh / Shutterstock.com
Steelmaker Cleveland Cliffs (NYSE:CLF) is another name that will benefit from stronger-than-expected American economic growth. In particular, CLF stock is likely to get a lift from better-than-expected auto sales, as the company is the “largest supplier of steel to the automotive sector,” according to S&P Global.
Cox Automotive notes strength in the new-vehicle market in 2023, with Q1 volume increasing more than 6% year over year. Meanwhile, automaker General Motors (NYSE:GM) just reported deliveries soared 18% YOY in the first quarter.
CLF will also be helped by the onshoring trend and the Infrastructure Investment and Jobs Act, as it names “infrastructure” and “manufacturing” as two of its other important end markets.
On April 3, Seeking Alpha noted the company has raised its spot market base prices five times already this year, indicating strong demand.
As of the date of publication, Larry Ramer owned shares of GE and FCX. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Larry Ramer has conducted research and written articles on U.S. stocks for 15 years. He has been employed by The Fly and Israel’s largest business newspaper, Globes. Larry began writing columns for InvestorPlace in 2015. Among his highly successful, contrarian picks have been PLUG, XOM and solar stocks. You can reach him on Stocktwits at @larryramer.
The post 7 Stocks to Buy for the Massive Rally Ahead appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Well-known investment advisor Ed Yardeni believes that U.S. stocks are poised to rally this year. Speaking to CNBC last week, Yardeni said that the banking mini-crisis will be “very well-contained” by the Federal Reserve and Federal Deposit Insurance Corporation (FDIC). If you share Yardeni’s bullish outlook — as I do — it’s time to think about stocks to buy for a market rally.
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GE General Electric $95.05 RVNC Revance Therapeutics $33.41 ON ON Semiconductor $78.49 DE Deere & Company $397.66 M Macy’s $18.92 FCX Freeport-McMoRan $40.26 CLF Cleveland-Cliffs $17.49 General Electric (GE) Source: Sundry Photography / Shutterstock.com General Electric (NYSE:GE) is one of the world’s largest and most-diversified industrial companies. Deere & Company (DE) Source: Jim Lambert / Shutterstock.com Deere & Company (NYSE:DE), a leading maker and marketer of farm machinery, is poised to benefit from two important trends: continued high food prices and Washington’s huge infrastructure spending. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Well-known investment advisor Ed Yardeni believes that U.S. stocks are poised to rally this year.
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GE General Electric $95.05 RVNC Revance Therapeutics $33.41 ON ON Semiconductor $78.49 DE Deere & Company $397.66 M Macy’s $18.92 FCX Freeport-McMoRan $40.26 CLF Cleveland-Cliffs $17.49 General Electric (GE) Source: Sundry Photography / Shutterstock.com General Electric (NYSE:GE) is one of the world’s largest and most-diversified industrial companies. In a March 7 discussion with an analyst, On CEO Hassane El-Khoury noted, “We’ve had strong last couple of years, and we see that strength sustaining.” On March 8, Bank of America increased its price target for ON stock to $100 from $90, citing El-Khoury’s comments along with a new deal that the company signed to supply BMW (OTC:BMWYY) with chips for its EVs. Deere & Company (DE) Source: Jim Lambert / Shutterstock.com Deere & Company (NYSE:DE), a leading maker and marketer of farm machinery, is poised to benefit from two important trends: continued high food prices and Washington’s huge infrastructure spending.
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GE General Electric $95.05 RVNC Revance Therapeutics $33.41 ON ON Semiconductor $78.49 DE Deere & Company $397.66 M Macy’s $18.92 FCX Freeport-McMoRan $40.26 CLF Cleveland-Cliffs $17.49 General Electric (GE) Source: Sundry Photography / Shutterstock.com General Electric (NYSE:GE) is one of the world’s largest and most-diversified industrial companies. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Well-known investment advisor Ed Yardeni believes that U.S. stocks are poised to rally this year. Speaking to CNBC last week, Yardeni said that the banking mini-crisis will be “very well-contained” by the Federal Reserve and Federal Deposit Insurance Corporation (FDIC).
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0e0db493-947f-47b5-842e-bbbd21a4e589
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720640.0
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2023-04-04 00:00:00 UTC
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Berry Global (BERY) Up 19.5% in 6 Months: What's Aiding It?
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DE
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https://www.nasdaq.com/articles/berry-global-bery-up-19.5-in-6-months%3A-whats-aiding-it
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nan
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Berry Global Group, Inc. BERY appears to be in good shape with its shares rallying 19.5% over the past six months compared with the industry’s 10.3% increase.
Catalysts Behind the Price Surge
Berry Global is benefiting from its robust product portfolio, the bulk of which includes consumer non-discretionary products. BERY’s Consumer Packaging North America segment is gaining from strength in its food service end market. Strong demand in the hygiene end market is driving the Health, Hygiene & Specialties segment. Stable demand in the retail food and beverage end market is aiding the Consumer Packaging International segment.
Image Source: Zacks Investment Research
BERY utilizes its cash flow to reward its shareholders through dividend payouts and share repurchase programs. In February 2022, the company announced a share repurchase program worth $1 billion. In fiscal 2022 (ended Sep 30, 2022), BERY announced an additional $700 million allocation to its existing share repurchase program. Berry Global bought back shares worth $709 million in fiscal 2022 and $178 million in the first three months of fiscal 2023 (ended Dec 31, 2022). The company also paid $33 million in dividends in the first three months of fiscal 2023.
Zacks Rank and Stocks to Consider
BERY currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks.
Some top-ranked from the Industrial Products sector are discussed below:
Deere & Company DE presently sports a Zacks Rank #1. DE’s earnings surprise in the last four quarters was 4.7%, on average.
In the past 60 days, estimates for Deere & Company’s fiscal 2023 earnings have increased 8.6%. The stock has rallied 16.6% in the past six months.
Alamo Group Inc. ALG presently sports a Zacks Rank of 1. ALG’s earnings surprise in the last four quarters was 6.0%, on average.
In the past 60 days, estimates for Alamo’s fiscal 2023 earnings have increased 7.5%. The stock has gained 38.1% in the past six months.
A. O. Smith Corporation AOS presently carries a Zacks Rank of 2 (Buy). AOS’ earnings surprise in the last four quarters was 3.2%, on average.
In the past 60 days, estimates for A. O. Smith’s 2023 earnings have increased 4.7%. The stock has gained 33.6% in the past six months.
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
Deere & Company (DE) : Free Stock Analysis Report
A. O. Smith Corporation (AOS) : Free Stock Analysis Report
Berry Global Group, Inc. (BERY) : Free Stock Analysis Report
Alamo Group, Inc. (ALG) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Image Source: Zacks Investment Research BERY utilizes its cash flow to reward its shareholders through dividend payouts and share repurchase programs. Catalysts Behind the Price Surge Berry Global is benefiting from its robust product portfolio, the bulk of which includes consumer non-discretionary products. Strong demand in the hygiene end market is driving the Health, Hygiene & Specialties segment.
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Deere & Company DE presently sports a Zacks Rank #1. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Berry Global Group, Inc. (BERY) : Free Stock Analysis Report Alamo Group, Inc. (ALG) : Free Stock Analysis Report To read this article on Zacks.com click here. Catalysts Behind the Price Surge Berry Global is benefiting from its robust product portfolio, the bulk of which includes consumer non-discretionary products.
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Berry Global bought back shares worth $709 million in fiscal 2022 and $178 million in the first three months of fiscal 2023 (ended Dec 31, 2022). Zacks Rank and Stocks to Consider BERY currently carries a Zacks Rank #3 (Hold). Click to get this free report Deere & Company (DE) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Berry Global Group, Inc. (BERY) : Free Stock Analysis Report Alamo Group, Inc. (ALG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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In the past 60 days, estimates for Deere & Company’s fiscal 2023 earnings have increased 8.6%. Catalysts Behind the Price Surge Berry Global is benefiting from its robust product portfolio, the bulk of which includes consumer non-discretionary products. Strong demand in the hygiene end market is driving the Health, Hygiene & Specialties segment.
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19994135-8da7-4999-9af6-3329575612f3
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720641.0
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2023-04-04 00:00:00 UTC
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Guru Fundamental Report for DE
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DE
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https://www.nasdaq.com/articles/guru-fundamental-report-for-de-6
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nan
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nan
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhibit characteristics associated with sustained future growth.
DEERE & COMPANY (DE) is a large-cap growth stock in the Constr. & Agric. Machinery industry. The rating using this strategy is 88% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
BOOK/MARKET RATIO: PASS
RETURN ON ASSETS: PASS
CASH FLOW FROM OPERATIONS TO ASSETS: PASS
CASH FLOW FROM OPERATIONS TO ASSETS VS. RETURN ON ASSETS: PASS
RETURN ON ASSETS VARIANCE: PASS
SALES VARIANCE: PASS
ADVERTISING TO ASSETS: FAIL
CAPITAL EXPENDITURES TO ASSETS: PASS
RESEARCH AND DEVELOPMENT TO ASSETS: PASS
Detailed Analysis of DEERE & COMPANY
DE Guru Analysis
DE Fundamental Analysis
More Information on Partha Mohanram
Partha Mohanram Portfolio
About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Sometimes research that changes the investing world can come from the halls of academia. Partha Mohanram is a great example of this. While academic research has shown that value investing works over time, it has found the opposite for growth investing. Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. His research paper "Separating Winners from Losers among Low Book-to-Market Stocks using Financial Statement Analysis" looked at the criteria that can be used to separate growth stocks that continue their upward trajectory from those that don't. Mohanram is currently the John H. Watson Chair in Value Investing at the University of Toronto and was previously an Associate Professor at the Columbia Business School.
Additional Research Links
Factor-Based Stock Portfolios
Factor-Based ETF Portfolios
Harry Browne Permanent Portfolio
Ray Dalio All Weather Portfolio
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. 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. Below is Validea's guru fundamental report for DEERE & COMPANY (DE).
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing.
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Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Additional Research Links Factor-Based Stock Portfolios Factor-Based ETF Portfolios Harry Browne Permanent Portfolio Ray Dalio All Weather Portfolio About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends.
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Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhibit characteristics associated with sustained future growth. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing.
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317c54b6-4503-4e94-90c4-a630420c2396
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720642.0
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2023-04-04 00:00:00 UTC
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General Electric (GE) Acquires Baker Hughes' Nexus Controls
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DE
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https://www.nasdaq.com/articles/general-electric-ge-acquires-baker-hughes-nexus-controls
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nan
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General Electric’s GE unit, GE Gas Power (a part of GE Vernova, the combined operations of Power and Renewable Energy), acquired industrial automation, controls system and safety system solutions provider, Nexus Controls, from Baker Hughes. The acquisition is aligned with GE’s commitment to invest in leading controls technology and expertise to enhance customer experience.
The acquisition enables GE Gas Power to create a single, full-service controls business line for further development of GE’s proprietary Mark Vle controls systems platform. It will also help with the implementation of the OnCore system, as well as streamline and improve the delivery and service of controls offerings for customers.
The acquisition will benefit GE Gas Power’s customers with end-to-end support, such as consistency and efficiency across both new and serviced units, as well as a comprehensive lifecycle strategy to support their fleet’s controls needs. The acquired entity will be headed by Mani Elango within GE Gas Power. GE will continue to invest in its Mark VIe controls product line as well as other systems and related products.
General Electric Company Price
General Electric Company price | General Electric Company Quote
Zacks Rank & Other Key Picks
General Electric presently carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks worth considering are as follows:
Deere & Company DE currently sports a Zacks Rank #1 (Strong Buy). The company pulled off a trailing four-quarter earnings surprise of 4.7%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.
Deere has an estimated earnings growth rate of 31% for the current fiscal year. The stock has gained 16.7% in the past six months.
Ingersoll Rand IR presently flaunts a Zacks Rank #1. The company delivered a trailing four-quarter earnings surprise of 8.5%, on average.
Ingersoll Rand has an estimated earnings growth rate of 7% for the current year. The stock has rallied 24.2% in the past six months.
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
General Electric Company (GE) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
Ingersoll Rand Inc. (IR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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General Electric’s GE unit, GE Gas Power (a part of GE Vernova, the combined operations of Power and Renewable Energy), acquired industrial automation, controls system and safety system solutions provider, Nexus Controls, from Baker Hughes. The acquisition enables GE Gas Power to create a single, full-service controls business line for further development of GE’s proprietary Mark Vle controls systems platform. It will also help with the implementation of the OnCore system, as well as streamline and improve the delivery and service of controls offerings for customers.
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General Electric’s GE unit, GE Gas Power (a part of GE Vernova, the combined operations of Power and Renewable Energy), acquired industrial automation, controls system and safety system solutions provider, Nexus Controls, from Baker Hughes. Click to get this free report General Electric Company (GE) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report To read this article on Zacks.com click here. The acquisition enables GE Gas Power to create a single, full-service controls business line for further development of GE’s proprietary Mark Vle controls systems platform.
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General Electric’s GE unit, GE Gas Power (a part of GE Vernova, the combined operations of Power and Renewable Energy), acquired industrial automation, controls system and safety system solutions provider, Nexus Controls, from Baker Hughes. Click to get this free report General Electric Company (GE) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report To read this article on Zacks.com click here. The acquisition enables GE Gas Power to create a single, full-service controls business line for further development of GE’s proprietary Mark Vle controls systems platform.
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General Electric’s GE unit, GE Gas Power (a part of GE Vernova, the combined operations of Power and Renewable Energy), acquired industrial automation, controls system and safety system solutions provider, Nexus Controls, from Baker Hughes. The acquisition enables GE Gas Power to create a single, full-service controls business line for further development of GE’s proprietary Mark Vle controls systems platform. It will also help with the implementation of the OnCore system, as well as streamline and improve the delivery and service of controls offerings for customers.
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582e6f19-c220-4fba-998e-7596fa739b04
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720643.0
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2023-04-04 00:00:00 UTC
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3 Top-Rated Efficient Stocks to Enrich Your Portfolio
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DE
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https://www.nasdaq.com/articles/3-top-rated-efficient-stocks-to-enrich-your-portfolio
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nan
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Irrespective of market conditions, companies with favorable efficiency levels are likely to be on investors’ radar. This is because a company with a favorable efficiency level is expected to offer impressive returns as it is believed to be positively correlated to the company’s price performance.
Notably, efficiency, which is the ability to transform inputs into outputs, is a potential indicator of a company’s financial health.
However, at times it becomes difficult to measure the efficiency level of a company. This is why one must consider popular efficiency ratios while selecting stocks. These efficiency ratios are:
Inventory Turnover: The ratio of the 12-month cost of goods sold (COGS) to a four-quarter average inventory is considered one of the most popular efficiency ratios. It indicates a company’s ability to maintain a suitable inventory position. While a high value indicates that the company has a relatively low level of inventory compared to COGS, a low value indicates that the company is facing declining sales, which has resulted in excess inventory.
Receivables Turnover: This is the ratio of 12-month sales to four-quarter average receivables. It shows a company’s potential to extend its credit and collect debt in terms of that credit. A high receivables turnover ratio or the “accounts receivable turnover ratio” or “debtor’s turnover ratio” is desirable as it shows that the company is capable of collecting its accounts receivables or that it has quality customers.
Asset Utilization: This ratio indicates a company’s capability to convert assets into output and is thus a widely known measure of efficiency level. It is calculated by dividing total sales over the past 12 months by the last four-quarter average of total assets. Like the above ratios, high asset utilization may indicate that a company is efficient.
Operating Margin: This efficiency measure is the ratio of operating income over the past 12 months to sales over the same period. It measures a company’s ability to control operating expenses. Hence, a high value of the ratio may indicate that the company manages its operating expenses more efficiently than its peers.
Screening Criteria
In addition to the above-mentioned ratios, we have added a favorable Zacks Rank — Zacks Rank #1 (Strong Buy)— to the screen to make this strategy more profitable. You can see the complete list of today’s Zacks #1 Rank stocks here.
Inventory Turnover, Receivables Turnover, Asset Utilization, and Operating Margin greater than the industry average
(Values of these ratios higher than industry averages may indicate that the efficiency level of the company is higher than its peers.)
The use of these few criteria narrowed down the universe of over 7,906 stocks to nine.
Here are the top three stocks that made it through the screen:
Deere & Company DE is the world’s largest producer of agricultural equipment. Deere has an average four-quarter positive earnings surprise of 4.7%.
Arcos Dorados ARCO operates as a franchisee of McDonald's, with its operations divided in Brazil; the North Latin America division; South Latin America and the Caribbean division. Arcos Dorados has an average four-quarter positive earnings surprise of nearly 46%.
Sea Limited SE is an internet service provider. Sea Limited has an average four-quarter positive earnings surprise of 69.7%.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today.
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance
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
Deere & Company (DE) : Free Stock Analysis Report
Sea Limited Sponsored ADR (SE) : Free Stock Analysis Report
Arcos Dorados Holdings Inc. (ARCO) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are the top three stocks that made it through the screen: Deere & Company DE is the world’s largest producer of agricultural equipment. This is why one must consider popular efficiency ratios while selecting stocks. These efficiency ratios are: Inventory Turnover: The ratio of the 12-month cost of goods sold (COGS) to a four-quarter average inventory is considered one of the most popular efficiency ratios.
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A high receivables turnover ratio or the “accounts receivable turnover ratio” or “debtor’s turnover ratio” is desirable as it shows that the company is capable of collecting its accounts receivables or that it has quality customers. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Sea Limited Sponsored ADR (SE) : Free Stock Analysis Report Arcos Dorados Holdings Inc. (ARCO) : Free Stock Analysis Report To read this article on Zacks.com click here. This is why one must consider popular efficiency ratios while selecting stocks.
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These efficiency ratios are: Inventory Turnover: The ratio of the 12-month cost of goods sold (COGS) to a four-quarter average inventory is considered one of the most popular efficiency ratios. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Sea Limited Sponsored ADR (SE) : Free Stock Analysis Report Arcos Dorados Holdings Inc. (ARCO) : Free Stock Analysis Report To read this article on Zacks.com click here. This is why one must consider popular efficiency ratios while selecting stocks.
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These efficiency ratios are: Inventory Turnover: The ratio of the 12-month cost of goods sold (COGS) to a four-quarter average inventory is considered one of the most popular efficiency ratios. This is why one must consider popular efficiency ratios while selecting stocks. While a high value indicates that the company has a relatively low level of inventory compared to COGS, a low value indicates that the company is facing declining sales, which has resulted in excess inventory.
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66d08ef4-e959-44db-93f3-557fa7dd5e50
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720644.0
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2023-04-03 00:00:00 UTC
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ABB Invests $40M for Manufacturing Facility in Albuquerque
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DE
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https://www.nasdaq.com/articles/abb-invests-%2440m-for-manufacturing-facility-in-albuquerque
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ABB Ltd ABB is investing $40 million to create a new manufacturing facility in Albuquerque, NM, for its Installation Products Division, which is part of the company’s Electrification business area.
ABB’s new 90,000-square-foot facility will create 55 new jobs in New Mexico and produce cable products for use by electric utility providers in grid hardening and resiliency initiatives.
The new facility will cater to increased demand for its leading Elastimold solutions essential to wildfire mitigation and underground and grid hardening projects. Upon completion in 2024, the Albuquerque facility will include ABB Robotics technology and digital automation to produce more than 1 million additional units annually. Majority of the units produced will be supplied to U.S. customers.
ABB Ltd Price
ABB Ltd price | ABB Ltd Quote
ABB’s new manufacturing facility will be situated on its 40-acre site in Albuquerque, which also houses its existing Installation Products manufacturing facility. The existing plant employs around 450 productions, engineering and quality specialists for developing and testing various custom and standard utility solutions.
ABB has already invested $14 billion in the United States since 2010. The latest investment adds to the company’s more than $100 million investment in Installation Products expansions and improvements in the United States over the past few years to increase capacity and drive innovation.
Zacks Rank & Other Key Picks
ABB currently carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks within the broader Industrial Products sector are as follows:
Deere & Company DE currently sports a Zacks Rank #1 (Strong Buy). The company pulled off a trailing four-quarter earnings surprise of 4.7%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.
Deere has an estimated earnings growth rate of 31% for the current fiscal year. The stock has gained 20% in the past six months.
Ingersoll Rand IR presently flaunts a Zacks Rank #1. The company delivered a trailing four-quarter earnings surprise of 8.5%, on average.
Ingersoll Rand has an estimated earnings growth rate of 7% for the current year. The stock has rallied around 29% in the past six months.
Free Report: Must-See Energy Stocks for 2023
Record profits at oil companies can mean big gains for you. With soaring demand and elevated prices, oil stocks could be top performers by far in 2023. Zacks has released a special report revealing the 4 oil stocks experts believe will deliver the biggest gains. (You’ll never guess Stock #2!)
Download Oil Market on Fire today, absolutely 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
Deere & Company (DE) : Free Stock Analysis Report
ABB Ltd (ABB) : Free Stock Analysis Report
Ingersoll Rand Inc. (IR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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ABB’s new 90,000-square-foot facility will create 55 new jobs in New Mexico and produce cable products for use by electric utility providers in grid hardening and resiliency initiatives. The new facility will cater to increased demand for its leading Elastimold solutions essential to wildfire mitigation and underground and grid hardening projects. Upon completion in 2024, the Albuquerque facility will include ABB Robotics technology and digital automation to produce more than 1 million additional units annually.
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Click to get this free report Deere & Company (DE) : Free Stock Analysis Report ABB Ltd (ABB) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report To read this article on Zacks.com click here. ABB’s new 90,000-square-foot facility will create 55 new jobs in New Mexico and produce cable products for use by electric utility providers in grid hardening and resiliency initiatives. The new facility will cater to increased demand for its leading Elastimold solutions essential to wildfire mitigation and underground and grid hardening projects.
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Click to get this free report Deere & Company (DE) : Free Stock Analysis Report ABB Ltd (ABB) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report To read this article on Zacks.com click here. ABB’s new 90,000-square-foot facility will create 55 new jobs in New Mexico and produce cable products for use by electric utility providers in grid hardening and resiliency initiatives. The new facility will cater to increased demand for its leading Elastimold solutions essential to wildfire mitigation and underground and grid hardening projects.
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ABB’s new 90,000-square-foot facility will create 55 new jobs in New Mexico and produce cable products for use by electric utility providers in grid hardening and resiliency initiatives. The new facility will cater to increased demand for its leading Elastimold solutions essential to wildfire mitigation and underground and grid hardening projects. Upon completion in 2024, the Albuquerque facility will include ABB Robotics technology and digital automation to produce more than 1 million additional units annually.
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60679e43-5f1a-4ee3-b0e6-a4925ff947aa
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720645.0
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2023-04-03 00:00:00 UTC
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Here's Why General Electric (GE) Should Grace Your Portfolio
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DE
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https://www.nasdaq.com/articles/heres-why-general-electric-ge-should-grace-your-portfolio
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nan
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nan
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General Electric GE is gaining momentum on the back of strong performance of the Aerospace segment owing to continued recovery in the commercial market. Segmental revenues and orders climbed 22% year over year in 2022 due to robust consumer demand.
In March, this Zacks Rank #2 (Buy) company provided a bullish long-term view for the Aerospace segment. For 2025, the company expects the segment’s revenues to increase in the low-double digits to mid-teens. For the long term, General Electric predicts mid-single to high-single-digit revenue growth for the Aerospace segment. It expects continued margin expansion for the unit over the long term.
After months of softness, a rebound in demand at the Power segment should foster GE’s growth. Encouragingly, onshore orders in North America more than doubled in the fourth quarter. Higher aeroderivative unit shipments drove an 8% increase in segmental revenues in the fourth quarter. The company expects low single-digit revenue growth for the Power segment in 2023 driven by Gas Power services.
General Electric’s investments in innovation and productivity improvement should fuel its growth. Cost-control measures and pricing actions to tackle inflationary pressure are supporting the margin performance. GE’s adjusted profit margin increased 160 basis points organically in 2022. For 2023, management expects General Electric’s organic revenues to increase in high-single digits.
General Electric’s commitment to reward its shareholders through dividends and share buybacks are encouraging. In March 2022, the company’s board of directors authorized a share repurchase program of up to $3 billion. GE bought back approximately 13 million shares for $1 billion in 2022 under this authorization. In 2022, the company paid out dividends worth $639 million to shareholders, up 11.1% year over year.
General Electric’s portfolio reshaping actions should facilitate its growth. The company has been acquiring businesses to expand operations while simultaneously divesting non-core operations to direct resources to key areas of growth. In January 2022, the company completed the acquisition of Opus One Solutions Energy Corporation. The Opus One buyout enhanced GE Digital’s capabilities to support the use of renewable and distributed energy resources.
General Electric divested the GE Capital Aviation Services business in November 2021, the lighting business in July 2020 and the BioPharma business in March 2020. Benefits from restructuring initiatives are aiding the company’s bottom line.
In November 2021, General Electric announced that it would split its businesses into three independent companies — comprising GE Healthcare, GE Aviation and GE Vernova —combining the operations of GE Digital, Renewable Energy and GE Power (to be complete in early 2024). The separation has been structured as tax-free spin-offs and is intended to strengthen the operating performance and the financial position. This January, GE completed the separation of its healthcare unit. General Electric will operate as an aviation-focused company starting in early 2024.
Amid the positives, shares of General Electric have rallied 50% in the past six months compared with the industry’s 5.6% increase.
Image Source: Zacks Investment Research
Other Key Picks
Some other top-ranked stocks worth considering are as follows:
Deere & Company DE currently sports a Zacks Rank #1 (Strong Buy). The company pulled off a trailing four-quarter earnings surprise of 4.7%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.
Deere has an estimated earnings growth rate of 31% for the current fiscal year. The stock has gained 20% in the past six months.
Ingersoll Rand IR presently flaunts a Zacks Rank #1. The company delivered a trailing four-quarter earnings surprise of 8.5%, on average.
Ingersoll Rand has an estimated earnings growth rate of 7% for the current year. The stock has rallied around 29% in the past six months.
Free Report: Must-See Energy Stocks for 2023
Record profits at oil companies can mean big gains for you. With soaring demand and elevated prices, oil stocks could be top performers by far in 2023. Zacks has released a special report revealing the 4 oil stocks experts believe will deliver the biggest gains. (You’ll never guess Stock #2!)
Download Oil Market on Fire today, absolutely 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
General Electric Company (GE) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
Ingersoll Rand Inc. (IR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Segmental revenues and orders climbed 22% year over year in 2022 due to robust consumer demand. In March, this Zacks Rank #2 (Buy) company provided a bullish long-term view for the Aerospace segment. After months of softness, a rebound in demand at the Power segment should foster GE’s growth.
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In November 2021, General Electric announced that it would split its businesses into three independent companies — comprising GE Healthcare, GE Aviation and GE Vernova —combining the operations of GE Digital, Renewable Energy and GE Power (to be complete in early 2024). Deere & Company DE currently sports a Zacks Rank #1 (Strong Buy). Click to get this free report General Electric Company (GE) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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In November 2021, General Electric announced that it would split its businesses into three independent companies — comprising GE Healthcare, GE Aviation and GE Vernova —combining the operations of GE Digital, Renewable Energy and GE Power (to be complete in early 2024). Click to get this free report General Electric Company (GE) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report To read this article on Zacks.com click here. Segmental revenues and orders climbed 22% year over year in 2022 due to robust consumer demand.
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In November 2021, General Electric announced that it would split its businesses into three independent companies — comprising GE Healthcare, GE Aviation and GE Vernova —combining the operations of GE Digital, Renewable Energy and GE Power (to be complete in early 2024). Segmental revenues and orders climbed 22% year over year in 2022 due to robust consumer demand. In March, this Zacks Rank #2 (Buy) company provided a bullish long-term view for the Aerospace segment.
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8b393265-6688-458d-8f04-df62d381163e
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720646.0
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2023-04-03 00:00:00 UTC
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Here's Why Graco (GGG) Shares Rise 19% in the Past Six Months
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DE
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https://www.nasdaq.com/articles/heres-why-graco-ggg-shares-rise-19-in-the-past-six-months
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nan
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Graco Inc. GGG shares have gained 19% in the past six months driven by its pricing actions, solid backlog level, strong customer base and product investments.
Let’s look into other factors driving the company’s performance.
What’s Aiding GGG?
Graco’s Industrial segment is gaining from robust product categories such as finishing systems and sealant and adhesive equipment. Solid footing across multiple industries like general industry, aviation and solar also bode well for the segment. Sales growth of lubrication equipment, process pumps and semiconductor pumps, and heaters and fittings are supporting the Process segment. New product launches and channel expansion initiatives are also aiding the segment.
Investments in product innovation and capacity expansion should fuel Graco’s growth. In 2023, the company anticipates capital expenditures of approximately $200 million, with $130 million for facility expansion projects at its Minnesota, South Dakota, Switzerland and Romania facilities. In 2022, GGG invented products like ES 500 Stencil rig, LineLazer ES 500 electric battery-powered airless striper, et al.
Image Source: Zacks Investment Research
Graco’s measures to reward shareholders through dividends and share buybacks are noteworthy. It paid out dividends of $142.1 million in 2022 and repurchased shares worth $233.4 million in the same period. Also, the quarterly dividend rate was hiked by 11.9% in December 2022.
Zacks Rank and Other Stocks to Consider
GGG currently carries a Zacks Rank #2 (Buy). Some other top-ranked companies from the Industrial Products sector are discussed below:
Deere & Company DE presently sports a Zacks Rank #1 (Strong Buy). DE’s earnings surprise in the last four quarters was 4.7%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.
In the past 60 days, estimates for Deere & Company’s fiscal 2023 earnings have increased 8.6%. The stock has rallied 20% in the past six months.
Alamo Group Inc. ALG presently sports a Zacks Rank of 1. ALG’s earnings surprise in the last four quarters was 6.0%, on average.
In the past 60 days, estimates for Alamo’s fiscal 2023 earnings have increased 7.5%. The stock has gained 45.9% in the past six months.
A. O. Smith Corporation AOS presently carries a Zacks Rank of 2. AOS’ earnings surprise in the last four quarters was 3.2%, on average.
In the past 60 days, estimates for A. O. Smith’s fiscal 2023 earnings have increased 4.8%. The stock has gained 36.6% in the past six months.
Free Report: Must-See Energy Stocks for 2023
Record profits at oil companies can mean big gains for you. With soaring demand and elevated prices, oil stocks could be top performers by far in 2023. Zacks has released a special report revealing the 4 oil stocks experts believe will deliver the biggest gains. (You’ll never guess Stock #2!)
Download Oil Market on Fire today, absolutely 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
Deere & Company (DE) : Free Stock Analysis Report
A. O. Smith Corporation (AOS) : Free Stock Analysis Report
Graco Inc. (GGG) : Free Stock Analysis Report
Alamo Group, Inc. (ALG) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Image Source: Zacks Investment Research Graco’s measures to reward shareholders through dividends and share buybacks are noteworthy. Solid footing across multiple industries like general industry, aviation and solar also bode well for the segment. It paid out dividends of $142.1 million in 2022 and repurchased shares worth $233.4 million in the same period.
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Deere & Company DE presently sports a Zacks Rank #1 (Strong Buy). Click to get this free report Deere & Company (DE) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Graco Inc. (GGG) : Free Stock Analysis Report Alamo Group, Inc. (ALG) : Free Stock Analysis Report To read this article on Zacks.com click here. Solid footing across multiple industries like general industry, aviation and solar also bode well for the segment.
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Zacks Rank and Other Stocks to Consider GGG currently carries a Zacks Rank #2 (Buy). Click to get this free report Deere & Company (DE) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Graco Inc. (GGG) : Free Stock Analysis Report Alamo Group, Inc. (ALG) : Free Stock Analysis Report To read this article on Zacks.com click here. Solid footing across multiple industries like general industry, aviation and solar also bode well for the segment.
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In the past 60 days, estimates for Deere & Company’s fiscal 2023 earnings have increased 8.6%. Solid footing across multiple industries like general industry, aviation and solar also bode well for the segment. Image Source: Zacks Investment Research Graco’s measures to reward shareholders through dividends and share buybacks are noteworthy.
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dfd68dc8-c677-4e67-b033-5accd1e0c6a6
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720647.0
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2023-04-01 00:00:00 UTC
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Guru Fundamental Report for DE
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DE
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https://www.nasdaq.com/articles/guru-fundamental-report-for-de-5
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nan
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhibit characteristics associated with sustained future growth.
DEERE & COMPANY (DE) is a large-cap growth stock in the Constr. & Agric. Machinery industry. The rating using this strategy is 88% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
BOOK/MARKET RATIO: PASS
RETURN ON ASSETS: PASS
CASH FLOW FROM OPERATIONS TO ASSETS: PASS
CASH FLOW FROM OPERATIONS TO ASSETS VS. RETURN ON ASSETS: PASS
RETURN ON ASSETS VARIANCE: PASS
SALES VARIANCE: PASS
ADVERTISING TO ASSETS: FAIL
CAPITAL EXPENDITURES TO ASSETS: PASS
RESEARCH AND DEVELOPMENT TO ASSETS: PASS
Detailed Analysis of DEERE & COMPANY
DE Guru Analysis
DE Fundamental Analysis
More Information on Partha Mohanram
Partha Mohanram Portfolio
About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Sometimes research that changes the investing world can come from the halls of academia. Partha Mohanram is a great example of this. While academic research has shown that value investing works over time, it has found the opposite for growth investing. Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. His research paper "Separating Winners from Losers among Low Book-to-Market Stocks using Financial Statement Analysis" looked at the criteria that can be used to separate growth stocks that continue their upward trajectory from those that don't. Mohanram is currently the John H. Watson Chair in Value Investing at the University of Toronto and was previously an Associate Professor at the Columbia Business School.
Additional Research Links
Factor-Based Stock Portfolios
Factor-Based ETF Portfolios
Harry Browne Permanent Portfolio
Ray Dalio All Weather Portfolio
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. 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. Below is Validea's guru fundamental report for DEERE & COMPANY (DE).
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing.
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Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Additional Research Links Factor-Based Stock Portfolios Factor-Based ETF Portfolios Harry Browne Permanent Portfolio Ray Dalio All Weather Portfolio About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends.
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Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhibit characteristics associated with sustained future growth. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing.
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765bbf4f-e8fd-41f4-8724-ba44a37ff50a
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720648.0
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2023-03-31 00:00:00 UTC
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Here's Why A. O. Smith (AOS) Stock is Up 39.8% in 6 Months
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DE
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https://www.nasdaq.com/articles/heres-why-a.-o.-smith-aos-stock-is-up-39.8-in-6-months
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nan
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nan
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A. O. Smith Corporation AOS shares have gained 34.1% in the past six months compared with the industry’s 17.4% growth.
Let’s look into the factors driving the company’s performance.
What’s Aiding AOS?
A. O. Smith’s North America segment is benefiting from the demand for commercial and residential boilers, and water treatment products. Price increases are also aiding the segment. Strong demand for water heating and water treating products in India is driving sales for the Rest of the World segment.
A. O. Smith believes in adding complementary businesses to its portfolio via acquisitions. Its Atlantic Filter acquisition (June 2022) boosted its position in the water treatment industry and strengthened its customer base in Florida and the adjacent regions. The Canada-based Giant Factories, Inc. buyout in October 2021 expanded the company’s commercial and water heater offerings. The Giant Factories acquisition contributed $94 million to the company’s North American sales in the fourth quarter of 2022.
Image Source: Zacks Investment Research
Also, A. O. Smith has a sound liquidity position. At the end of the fourth quarter, the company had cash and cash equivalents of $391.2 million. The company had no current debt in the quarter. This implies that the company has sufficient cash to meet its current debt obligations.
AOS also utilizes its cash flow to reward its shareholders through dividend payouts and share-repurchase programs. In 2022, A. O. Smith paid out dividends worth $177.2 million (up 4.2% year over year) and repurchased 6.6 million shares for $403.5 million (up 10.1% year over year). In October 2022, the company hiked its quarterly dividend rate by 7% to 30 cents per share.
Zacks Rank and Other Stocks to Consider
AOS currently carries a Zacks Rank #2 (Buy). Some other top-ranked companies from the Industrial Products sector are discussed below:
Deere & Company DE presently sports a Zacks Rank #1 (Strong Buy). DE’s earnings surprise in the last four quarters was 4.7%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.
In the past 60 days, estimates for Deere & Company’s fiscal 2023 earnings have increased 8.6%. The stock has rallied 20.1% in the past six months.
Alamo Group Inc. ALG presently sports a Zacks Rank of 1. ALG’s earnings surprise in the last four quarters was 6.0%, on average.
In the past 60 days, estimates for Alamo’s fiscal 2023 earnings have increased 7.5%. The stock has gained 47.9% in the past six months.
Allegion plc ALLE presently carries a Zacks Rank of 2. ALLE’s earnings surprise in the last four quarters was 10.3%, on average.
In the past 60 days, estimates for Allegion’s fiscal 2023 earnings have increased 3.9%. The stock has gained 17.1% in the past six months.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE) : Free Stock Analysis Report
A. O. Smith Corporation (AOS) : Free Stock Analysis Report
Alamo Group, Inc. (ALG) : Free Stock Analysis Report
Allegion PLC (ALLE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A. O. Smith’s North America segment is benefiting from the demand for commercial and residential boilers, and water treatment products. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. Strong demand for water heating and water treating products in India is driving sales for the Rest of the World segment.
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Deere & Company DE presently sports a Zacks Rank #1 (Strong Buy). Click to get this free report Deere & Company (DE) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Alamo Group, Inc. (ALG) : Free Stock Analysis Report Allegion PLC (ALLE) : Free Stock Analysis Report To read this article on Zacks.com click here. A. O. Smith’s North America segment is benefiting from the demand for commercial and residential boilers, and water treatment products.
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Zacks Rank and Other Stocks to Consider AOS currently carries a Zacks Rank #2 (Buy). Click to get this free report Deere & Company (DE) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Alamo Group, Inc. (ALG) : Free Stock Analysis Report Allegion PLC (ALLE) : Free Stock Analysis Report To read this article on Zacks.com click here. A. O. Smith’s North America segment is benefiting from the demand for commercial and residential boilers, and water treatment products.
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In the past 60 days, estimates for Deere & Company’s fiscal 2023 earnings have increased 8.6%. A. O. Smith’s North America segment is benefiting from the demand for commercial and residential boilers, and water treatment products. Strong demand for water heating and water treating products in India is driving sales for the Rest of the World segment.
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ade46cee-a87c-4f02-8a81-91703207140a
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720649.0
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2023-03-30 00:00:00 UTC
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Honeywell (HON), Redaptive to Reduce Carbon Impact of Buildings
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DE
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https://www.nasdaq.com/articles/honeywell-hon-redaptive-to-reduce-carbon-impact-of-buildings
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nan
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Honeywell International HON is making a strategic investment in Redaptive to bring Energy-as-a-Service (EaaS) capabilities to private sector-owned commercial and industrial buildings. The terms of the investment were kept under wraps.
The investment helps reduce carbon emission across several buildings through the rapid deployment of technologies, designed to lower energy use and improve asset health. As part of the collaboration, Honeywell’s experience in energy saving performance contracting and building control capabilities will be combined with Redaptive's innovative data technology and EaaS platform.
The partnership offers customers with more ways to baseline current energy use and reduce consumption, thus helping them achieve their sustainability goals with little-to-no upfront investment.
Honeywell International Inc. Price
Honeywell International Inc. price | Honeywell International Inc. Quote
The energy-performance-contracting market and associated funding mechanisms allow for energy improvements without upfront customer capital investment by using the energy savings to fund the work.
The collaboration will generate significant energy savings for customers in a capital efficient manner. It also helps accelerate technology deployment to upgrade existing building infrastructure, support capabilities, such as on-site renewable energy assets, and deploy advanced controls software, such as Honeywell Buildings Sustainability Manager.
Zacks Rank & Key Picks
Honeywell currently carries a Zacks Rank #3 (Hold).
Some better-ranked Industrial stocks are as follows:
Deere & Company DE currently sports a Zacks Rank #1 (Strong Buy). The company pulled off a trailing four-quarter earnings surprise of 4.7%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.
Deere has an estimated earnings growth rate of 31% for the current fiscal year. The stock has gained 16.5% in the past six months.
Ingersoll Rand IR presently flaunts a Zacks Rank #1. The company delivered a trailing four-quarter earnings surprise of 8.5%, on average.
Ingersoll Rand has an estimated earnings growth rate of 7% for the current year. The stock has rallied around 26% in the past six months.
Is THIS the Ultimate New Clean Energy Source? (4 Ways to Profit)
The world is increasingly focused on eliminating fossil fuels and ramping up use of renewable, clean energy sources. Hydrogen fuel cells, powered by the most abundant substance in the universe, could provide an unlimited amount of ultra-clean energy for multiple industries.
Our urgent special report reveals 4 hydrogen stocks primed for big gains - plus our other top clean energy stocks.
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
Honeywell International Inc. (HON) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
Ingersoll Rand Inc. (IR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The terms of the investment were kept under wraps. The investment helps reduce carbon emission across several buildings through the rapid deployment of technologies, designed to lower energy use and improve asset health. It also helps accelerate technology deployment to upgrade existing building infrastructure, support capabilities, such as on-site renewable energy assets, and deploy advanced controls software, such as Honeywell Buildings Sustainability Manager.
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It also helps accelerate technology deployment to upgrade existing building infrastructure, support capabilities, such as on-site renewable energy assets, and deploy advanced controls software, such as Honeywell Buildings Sustainability Manager. Click to get this free report Honeywell International Inc. (HON) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report To read this article on Zacks.com click here. The terms of the investment were kept under wraps.
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Click to get this free report Honeywell International Inc. (HON) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report To read this article on Zacks.com click here. The terms of the investment were kept under wraps. The investment helps reduce carbon emission across several buildings through the rapid deployment of technologies, designed to lower energy use and improve asset health.
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Deere & Company DE currently sports a Zacks Rank #1 (Strong Buy). The terms of the investment were kept under wraps. The investment helps reduce carbon emission across several buildings through the rapid deployment of technologies, designed to lower energy use and improve asset health.
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0f8b07de-d6b5-438a-9e8a-dd259b4c7050
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720650.0
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2023-03-30 00:00:00 UTC
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Here's Why it is Time to Add 3M (MMM) to Your Portfolio Now
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DE
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https://www.nasdaq.com/articles/heres-why-it-is-time-to-add-3m-mmm-to-your-portfolio-now
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3M Company MMM is benefiting from strength in the electrical markets, automotive aftermarkets and abrasives within the Safety and Industrial business. Solid performance of the auto original equipment manufacturer business, penetration to new automotive platforms and growth in the advanced materials, commercial solutions and transportation safety business augur well for this Zacks Rank #2 (Buy) company.
With improving supply chains and a reduction in cost inflation due to deceleration in inflation, 3M anticipates improvements in organic growth, operating margins, earnings and cash flow this year. Pricing actions, restructuring savings and spending discipline are driving the company’s margin performance. Cost management actions benefited operating margins to the tune of 110 basis points in the fourth quarter of 2022.
Portfolio reshaping actions should help 3M focus on its core areas of growth and enhance shareholder value over time. In October 2022, the company completed the sale of its Neoplast and Neobun brands to Selic Corp. 3M also divested the manufacturing assets of its Ladlumkaew, Thailand, facility to Selic Corp. In September 2022, the company completed the divestiture of its food safety business to Neogen. In April 2022, 3M acquired technology assets of LeanTec. The acquisition has strengthened the company’s ability to deliver a more connected, digital body-shop solution via its RepairStack Performance Solutions.
3M Company Price and Consensus
3M Company price-consensus-chart | 3M Company Quote
3M is committed to rewarding its shareholders handsomely through dividend payments and share buybacks. This February, the company hiked its dividend by 0.7% to $1.50 per share. In 2022, 3M rewarded its shareholders with dividend payments of $3.4 billion. The company bought back shares worth $1.4 billion in the same period. Strong free cash flow generation supports its shareholder-friendly measures. In 2022, the company generated an adjusted free cash flow of $4.7 billion with an adjusted free cash flow conversion of 82%. The company anticipates an adjusted operating cash flow of $5.8-$6.3 billion in 2023, reflecting a free cash flow conversion of 90-100%.
The positivity surrounding the stock is evident from the Zacks Consensus Estimate for 2023 earnings being revised upward by a penny in the past 60 days.
Other Key Picks
Some other top-ranked industrial stocks are as follows:
Deere & Company DE currently sports a Zacks Rank #1 (Strong Buy). The company pulled off a trailing four-quarter earnings surprise of 4.7%, on average.
You can see the complete list of today’s Zacks #1 Rank stocks.
Deere has an estimated earnings growth rate of 31% for the current fiscal year. The stock has gained 16.5% in the past six months.
Ingersoll Rand IR presently flaunts a Zacks Rank #1. The company delivered a trailing four-quarter earnings surprise of 8.5%, on average.
Ingersoll Rand has an estimated earnings growth rate of 7% for the current year. The stock has rallied around 26% in the past six months.
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The world is increasingly focused on eliminating fossil fuels and ramping up use of renewable, clean energy sources. Hydrogen fuel cells, powered by the most abundant substance in the universe, could provide an unlimited amount of ultra-clean energy for multiple industries.
Our urgent special report reveals 4 hydrogen stocks primed for big gains - plus our other top clean energy stocks.
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
3M Company (MMM) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
Ingersoll Rand Inc. (IR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The positivity surrounding the stock is evident from the Zacks Consensus Estimate for 2023 earnings being revised upward by a penny in the past 60 days. Hydrogen fuel cells, powered by the most abundant substance in the universe, could provide an unlimited amount of ultra-clean energy for multiple industries. With improving supply chains and a reduction in cost inflation due to deceleration in inflation, 3M anticipates improvements in organic growth, operating margins, earnings and cash flow this year.
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Click to get this free report 3M Company (MMM) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report To read this article on Zacks.com click here. With improving supply chains and a reduction in cost inflation due to deceleration in inflation, 3M anticipates improvements in organic growth, operating margins, earnings and cash flow this year. Portfolio reshaping actions should help 3M focus on its core areas of growth and enhance shareholder value over time.
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3M Company Price and Consensus 3M Company price-consensus-chart | 3M Company Quote 3M is committed to rewarding its shareholders handsomely through dividend payments and share buybacks. Click to get this free report 3M Company (MMM) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report To read this article on Zacks.com click here. With improving supply chains and a reduction in cost inflation due to deceleration in inflation, 3M anticipates improvements in organic growth, operating margins, earnings and cash flow this year.
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In 2022, 3M rewarded its shareholders with dividend payments of $3.4 billion. The positivity surrounding the stock is evident from the Zacks Consensus Estimate for 2023 earnings being revised upward by a penny in the past 60 days. With improving supply chains and a reduction in cost inflation due to deceleration in inflation, 3M anticipates improvements in organic growth, operating margins, earnings and cash flow this year.
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3f962251-533e-4db7-8fb4-949e4241db86
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720651.0
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2023-03-30 00:00:00 UTC
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Applied Industrial (AIT) Holds Promise Despite Challenges
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https://www.nasdaq.com/articles/applied-industrial-ait-holds-promise-despite-challenges-0
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Applied Industrial Technologies, Inc. AIT is benefiting from its efforts to improve the product line, value-added services, initiatives to drive operational excellence and cost-saving efforts. The company’s focus on pricing and cross-selling actions, and growth initiatives are likely to drive its growth. For fiscal 2023, total revenues are expected to increase 13-15% year over year. For the fiscal third quarter, sales are predicted to grow in the low to mid-teen digits.
Applied Industrial’s Service Center Based Distribution segment is benefiting from break-fix MRO activity, sales process initiatives, ongoing pricing actions, secular growth and robust supply-chain investments across the U.S. manufacturing sector. Technical and engineering capabilities, backlog, automation demand, and diverse end-market mix, supporting a favorable growth backdrop are driving the company’s Engineered Solutions segment.
Applied Industrial’s Automation, Inc. buyout (November 2022) expands its footprint across key verticals and geographies while supplementing its value-added services and cross-selling efforts. Its acquisition of R.R. Floody (August 2021) enhanced its product offerings in the automation technology space. Also, its buyout of Gibson (January 2021) added value to its automation solution offerings. Acquisitions positively impacted its sales by 0.5% in second-quarter fiscal 2023.
AIT’s efforts to reward its shareholders through dividend payments and share repurchases are noteworthy. In the first six months of fiscal 2023 (ended December 2022), AIT paid out dividends worth $26.26 million. The company hiked the quarterly dividend rate by 2.9% in January 2023. Also, in August 2022, the company’s board of directors authorized a new share buyback program to repurchase up to 1.5 million shares of its common stock.
However, Applied Industrial has been experiencing raw material inflation, industrial supply-chain issues and labor woes for a while. In second-quarter fiscal 2023, the company's cost of sales increased 21.4% year over year, while selling, distribution and administrative expenses rose 9%.
Given AIT’s extensive presence across international markets, its operations are subject to risks associated with unfavorable movement in foreign currencies and geopolitical issues. Foreign exchange headwinds had an adverse impact of 0.7% on its sales in the fiscal second quarter. In the quarters ahead, Applied Industrial’s overseas business might be depressed by a stronger U.S. dollar.
Image Source: Zacks Investment Research
In the past six months, this current Zacks Rank #3 (Hold) stock has surged 31.8% compared with the industry’s 20.4% increase.
Stocks to Consider
Some top-ranked companies from the Industrial Products sector are discussed below:
Deere & Company DE presently sports a Zacks Rank #1 (Strong Buy). DE’s earnings surprise in the last four quarters was 4.7%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.
In the past 60 days, estimates for Deere & Company’s fiscal 2023 earnings have increased 8.6%. The stock has rallied 16.4% in the past six months.
Alamo Group Inc. ALG presently sports a Zacks Rank of 1. ALG’s earnings surprise in the last four quarters was 6.0%, on average.
In the past 60 days, estimates for Alamo’s fiscal 2023 earnings have increased 7.5%. The stock has gained 44.5% in the past six months.
A. O. Smith Corporation AOS presently carries a Zacks Rank #2 (Buy). AOS’ earnings surprise in the last four quarters was 3.2%, on average.
In the past 60 days, estimates for A. O. Smith’s fiscal 2023 earnings have increased 4.7%. The stock has gained 36.1% in the past six months.
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The world is increasingly focused on eliminating fossil fuels and ramping up use of renewable, clean energy sources. Hydrogen fuel cells, powered by the most abundant substance in the universe, could provide an unlimited amount of ultra-clean energy for multiple industries.
Our urgent special report reveals 4 hydrogen stocks primed for big gains - plus our other top clean energy stocks.
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
Deere & Company (DE) : Free Stock Analysis Report
A. O. Smith Corporation (AOS) : Free Stock Analysis Report
Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report
Alamo Group, Inc. (ALG) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Applied Industrial’s Automation, Inc. buyout (November 2022) expands its footprint across key verticals and geographies while supplementing its value-added services and cross-selling efforts. Hydrogen fuel cells, powered by the most abundant substance in the universe, could provide an unlimited amount of ultra-clean energy for multiple industries. Applied Industrial Technologies, Inc. AIT is benefiting from its efforts to improve the product line, value-added services, initiatives to drive operational excellence and cost-saving efforts.
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Applied Industrial Technologies, Inc. AIT is benefiting from its efforts to improve the product line, value-added services, initiatives to drive operational excellence and cost-saving efforts. Deere & Company DE presently sports a Zacks Rank #1 (Strong Buy). Click to get this free report Deere & Company (DE) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report Alamo Group, Inc. (ALG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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In the past 60 days, estimates for Deere & Company’s fiscal 2023 earnings have increased 8.6%. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report Alamo Group, Inc. (ALG) : Free Stock Analysis Report To read this article on Zacks.com click here. Applied Industrial Technologies, Inc. AIT is benefiting from its efforts to improve the product line, value-added services, initiatives to drive operational excellence and cost-saving efforts.
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Applied Industrial Technologies, Inc. AIT is benefiting from its efforts to improve the product line, value-added services, initiatives to drive operational excellence and cost-saving efforts. In the past 60 days, estimates for Deere & Company’s fiscal 2023 earnings have increased 8.6%. Technical and engineering capabilities, backlog, automation demand, and diverse end-market mix, supporting a favorable growth backdrop are driving the company’s Engineered Solutions segment.
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fcf4404d-69a9-4c28-99ae-ec1bc1543652
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720652.0
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2023-03-30 00:00:00 UTC
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Graco (GGG) Unveils GCI Series Automatic Cartridge Injector
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https://www.nasdaq.com/articles/graco-ggg-unveils-gci-series-automatic-cartridge-injector
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Graco Inc. GGG recently introduced the GC Series injector platform for single-line parallel automatic lubrication systems. Graco GCI, the lubrication industry’s first cartridge injector, delivers a maximum of two times the life of ordinary injectors and minimizes the replacement time from minutes to seconds. The new design maximizes current injectors’ output in its class at reduced operating and labor costs.
Graco GCI can be used for both construction and mining maintenance jobs. This product has a simple design and requires only a wrench during replacement installation omitting the need to disconnect lube lines. Graco GCI’s advanced manufacturing process ensures a higher lifetime. Also, its durable design reduces the number of injector replacements, parts costs and service downtime frequency ensuring hassle-free operations.
The product is available in two- to six-bank aluminum and high-pressure steel manifold variants. It uses the same mounting pattern as the current injector technology but takes up a reduced footprint. Its locked-in color-coded output spacers read out the total grease quantity dispensed per lubrication cycle. This step lowers the probability of incorrect field adjustments during a repair process. Quick-exchange injectors are capable of supplying a maximum of 0.150 cubic inches of grease at an accuracy level of +/- 3% and have a high-visibility 360-degree view indicator pin which enables easier troubleshooting.
Graco Inc. Price
Graco Inc. price | Graco Inc. Quote
Zacks Rank and Other Stocks to Consider
GGG currently carries a Zacks Rank #2 (Buy). Some other top-ranked companies from the Industrial Products sector are discussed below:
Deere & Company DE presently sports a Zacks Rank #1 (Strong Buy). DE’s earnings surprise in the last four quarters was 4.7%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.
In the past 60 days, estimates for Deere & Company’s fiscal 2023 earnings have increased 8.6%. The stock has rallied 16.4% in the past six months.
Alamo Group Inc. ALG presently sports a Zacks Rank of 1. ALG’s earnings surprise in the last four quarters was 6.0%, on average.
In the past 60 days, estimates for Alamo’s fiscal 2023 earnings have increased 7.5%. The stock has gained 44.5% in the past six months.
A. O. Smith Corporation AOS presently carries a Zacks Rank of 2. AOS’ earnings surprise in the last four quarters was 3.2%, on average.
In the past 60 days, estimates for A. O. Smith’s fiscal 2023 earnings have increased 4.7%. The stock has gained 36.1% in the past six months.
Is THIS the Ultimate New Clean Energy Source? (4 Ways to Profit)
The world is increasingly focused on eliminating fossil fuels and ramping up use of renewable, clean energy sources. Hydrogen fuel cells, powered by the most abundant substance in the universe, could provide an unlimited amount of ultra-clean energy for multiple industries.
Our urgent special report reveals 4 hydrogen stocks primed for big gains - plus our other top clean energy stocks.
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
Deere & Company (DE) : Free Stock Analysis Report
A. O. Smith Corporation (AOS) : Free Stock Analysis Report
Graco Inc. (GGG) : Free Stock Analysis Report
Alamo Group, Inc. (ALG) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Also, its durable design reduces the number of injector replacements, parts costs and service downtime frequency ensuring hassle-free operations. Quick-exchange injectors are capable of supplying a maximum of 0.150 cubic inches of grease at an accuracy level of +/- 3% and have a high-visibility 360-degree view indicator pin which enables easier troubleshooting. Hydrogen fuel cells, powered by the most abundant substance in the universe, could provide an unlimited amount of ultra-clean energy for multiple industries.
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Graco Inc. Price Graco Inc. price | Graco Inc. Quote Zacks Rank and Other Stocks to Consider GGG currently carries a Zacks Rank #2 (Buy). Deere & Company DE presently sports a Zacks Rank #1 (Strong Buy). Click to get this free report Deere & Company (DE) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Graco Inc. (GGG) : Free Stock Analysis Report Alamo Group, Inc. (ALG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Graco GCI, the lubrication industry’s first cartridge injector, delivers a maximum of two times the life of ordinary injectors and minimizes the replacement time from minutes to seconds. Graco Inc. Price Graco Inc. price | Graco Inc. Quote Zacks Rank and Other Stocks to Consider GGG currently carries a Zacks Rank #2 (Buy). Click to get this free report Deere & Company (DE) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Graco Inc. (GGG) : Free Stock Analysis Report Alamo Group, Inc. (ALG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Graco Inc. Price Graco Inc. price | Graco Inc. Quote Zacks Rank and Other Stocks to Consider GGG currently carries a Zacks Rank #2 (Buy). In the past 60 days, estimates for Deere & Company’s fiscal 2023 earnings have increased 8.6%. Graco GCI, the lubrication industry’s first cartridge injector, delivers a maximum of two times the life of ordinary injectors and minimizes the replacement time from minutes to seconds.
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f4d62eb8-d1cc-442e-90e5-20d7f10a4038
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720653.0
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2023-03-30 00:00:00 UTC
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Investors Heavily Search Deere & Company (DE): Here is What You Need to Know
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https://www.nasdaq.com/articles/investors-heavily-search-deere-company-de%3A-here-is-what-you-need-to-know-1
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Deere (DE) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Shares of this agricultural equipment manufacturer have returned -4.5% over the past month versus the Zacks S&P 500 composite's +1.7% change. The Zacks Manufacturing - Farm Equipment industry, to which Deere belongs, has lost 4.6% over this period. Now the key question is: Where could the stock be headed in the near term?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Earnings Estimate Revisions
Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Deere is expected to post earnings of $8.50 per share for the current quarter, representing a year-over-year change of +24.8%. Over the last 30 days, the Zacks Consensus Estimate has changed +0.6%.
The consensus earnings estimate of $30.47 for the current fiscal year indicates a year-over-year change of +30.9%. This estimate has changed +0.6% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $31.55 indicates a change of +3.5% from what Deere is expected to report a year ago. Over the past month, the estimate has changed +0.1%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #1 (Strong Buy) for Deere.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue Growth
Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
For Deere, the consensus sales estimate for the current quarter of $14.78 billion indicates a year-over-year change of +22.8%. For the current and next fiscal years, $54.5 billion and $55.1 billion estimates indicate +13.7% and +1.1% changes, respectively.
Last Reported Results and Surprise History
Deere reported revenues of $11.4 billion in the last reported quarter, representing a year-over-year change of +33.7%. EPS of $6.55 for the same period compares with $2.92 a year ago.
Compared to the Zacks Consensus Estimate of $11.31 billion, the reported revenues represent a surprise of +0.84%. The EPS surprise was +18.44%.
Over the last four quarters, Deere surpassed consensus EPS estimates three times. The company topped consensus revenue estimates three times over this period.
Valuation
No investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Deere is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom Line
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Deere. However, its Zacks Rank #1 does suggest that it may outperform the broader market in the near term.
Is THIS the Ultimate New Clean Energy Source? (4 Ways to Profit)
The world is increasingly focused on eliminating fossil fuels and ramping up use of renewable, clean energy sources. Hydrogen fuel cells, powered by the most abundant substance in the universe, could provide an unlimited amount of ultra-clean energy for multiple industries.
Our urgent special report reveals 4 hydrogen stocks primed for big gains - plus our other top clean energy stocks.
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
Deere & Company (DE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Bottom Line The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Deere. Hydrogen fuel cells, powered by the most abundant substance in the universe, could provide an unlimited amount of ultra-clean energy for multiple industries. Deere (DE) has recently been on Zacks.com's list of the most searched stocks.
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Last Reported Results and Surprise History Deere reported revenues of $11.4 billion in the last reported quarter, representing a year-over-year change of +33.7%. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance. Deere (DE) has recently been on Zacks.com's list of the most searched stocks.
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The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #1 (Strong Buy) for Deere. While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price. Deere (DE) has recently been on Zacks.com's list of the most searched stocks.
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Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #1 (Strong Buy) for Deere. Deere (DE) has recently been on Zacks.com's list of the most searched stocks.
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935c3e85-3349-42c9-bf59-37116380d68b
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720654.0
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2023-03-29 00:00:00 UTC
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Cintas (CTAS) Q3 Earnings & Revenues Beat, FY23 View Raised
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DE
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https://www.nasdaq.com/articles/cintas-ctas-q3-earnings-revenues-beat-fy23-view-raised
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nan
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Cintas Corporation CTAS reported third-quarter fiscal 2023 (ended Feb 28, 2023) earnings of $3.14 per share, beating the Zacks Consensus Estimate of $3.01. This compares to our estimate of $2.97. The bottom line increased year over year despite high costs.
Total revenues of $2,190 million outperformed the Zacks Consensus Estimate of $2,145 million. Our estimate for fiscal third-quarter revenues stood at $2,128.7 million. The top line climbed 11.7% year over year due to higher segmental revenues. Organic sales were up 11.8% year over year.
Segmental Results
The company has two reportable segments - Uniform Rental and Facility Services and First Aid and Safety Services. Other businesses like Uniform Direct Sale and Fire Protection Services are included in All Other. Quarterly sales data is briefly discussed below.
Cintas Corporation Price, Consensus and EPS Surprise
Cintas Corporation price-consensus-eps-surprise-chart | Cintas Corporation Quote
Revenues from the Uniform Rental and Facility Services segment (representing 78.4% of the reported quarter’s net sales) reached $1,716.17 million, increasing 10.5% year over year.
Revenues from the First Aid and Safety Services segment (representing 10.6% of the reported quarter’s net sales) totaled $231.61 million, increasing 18.8% year over year.
Revenues from the All Other business (representing 11.1% of the reported quarter’s net sales) reached $242.22 million, increasing 29.2% year over year.
Margin Profile
In the quarter under review, Cintas’ cost of sales (comprising costs related to uniform rental and facility services and others) increased 8.8% year over year to $1,155.96 million. It represented approximately 53% of net sales. Gross profit increased 15% to $1,034.03 million. The gross margin was 47.2%, up from 45.8% in the year-ago fiscal quarter.
Selling and administrative expenses totaled $ 587.22 million, reflecting a 19.7% increase from the year-ago figure. It represented 26.8% of net sales. The operating margin in the reported quarter declined 40 basis points to 20.4%. Interest expenses increased 30.8% to $28.82 million.
Balance Sheet and Cash Flow
Exiting the fiscal third quarter, Cintas had cash and cash equivalents of $88.56 million, down 2.1% from the figure reported at the end of the fourth quarter of fiscal 2022. Long-term debt was $2,486 million, almost flat from the figure reported at the end of the fourth quarter of fiscal 2022.
At the end of the fiscal third quarter, CTAS generated net cash of $1,044.19 million from operating activities, increasing 5.8% from the year-ago period. Capital expenditure totaled $224.12 million in the period, up 35.1% year over year. Free cash flow was almost flat at $820.07 million in the first nine months of fiscal 2023.
In the first nine months of fiscal 2023, the company repurchased shares worth $370.92 million, down from $1,221.84 million in the year-ago period. Dividend payments totaled $332.42 million in the same period, up 20% year over year.
Fiscal 2023 Outlook Improved
Cintas raised its fiscal 2023 earnings and revenue guidance. The company now expects revenues of $8.74-$8.80 billion for the current fiscal year, compared with $8.67-$8.75 billion anticipated earlier. The Zacks Consensus Estimate for the same stands at $8.72 billion.
CTAS expects earnings of $12.70-$12.90 per share for the ongoing fiscal year compared with $12.50-$12.80 estimated earlier. The Zacks Consensus Estimate for the same stands at $12.68.
For fiscal 2023, adjusted operating income is expected to be $1.77-$1.80 billion ($$1.55 billion was reported in fiscal 2022). The effective tax rate is expected to be 20.7% in fiscal 2023 compared to 17.9% reported in fiscal 2022.
Zacks Rank & Key Picks
Cintas carries a Zacks Rank #3 (Hold).
Some better-ranked stocks within the broader Industrial Products sector are as follows:
Deere & Company DE currently sports a Zacks Rank #1 (Strong Buy). The company pulled off a trailing four-quarter earnings surprise of 4.7%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.
Deere has an estimated earnings growth rate of approximately 31% for the current fiscal year. The stock has gained 18.4% in the past six months.
Ingersoll Rand IR presently flaunts a Zacks Rank #1. The company delivered a trailing four-quarter earnings surprise of 8.5%, on average.
Ingersoll Rand has an estimated earnings growth rate of approximately 7% for the current year. The stock has rallied 29.4% in the past six months.
Free Report: Must-See Hydrogen Stocks
Hydrogen fuel cells are already used to provide efficient, ultra-clean energy to buses, ships and even hospitals. This technology is on the verge of a massive breakthrough, one that could make hydrogen a major source of America's power. It could even totally revolutionize the EV industry.
Zacks has released a special report revealing the 4 stocks experts believe will deliver the biggest gains.
Download Cashing In on Cleaner Energy today, absolutely 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
Deere & Company (DE) : Free Stock Analysis Report
Cintas Corporation (CTAS) : Free Stock Analysis Report
Ingersoll Rand Inc. (IR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Cintas Corporation CTAS reported third-quarter fiscal 2023 (ended Feb 28, 2023) earnings of $3.14 per share, beating the Zacks Consensus Estimate of $3.01. Long-term debt was $2,486 million, almost flat from the figure reported at the end of the fourth quarter of fiscal 2022. The bottom line increased year over year despite high costs.
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Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Cintas Corporation (CTAS) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report To read this article on Zacks.com click here. Cintas Corporation CTAS reported third-quarter fiscal 2023 (ended Feb 28, 2023) earnings of $3.14 per share, beating the Zacks Consensus Estimate of $3.01. The bottom line increased year over year despite high costs.
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Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Cintas Corporation (CTAS) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report To read this article on Zacks.com click here. Cintas Corporation CTAS reported third-quarter fiscal 2023 (ended Feb 28, 2023) earnings of $3.14 per share, beating the Zacks Consensus Estimate of $3.01. The bottom line increased year over year despite high costs.
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Cintas Corporation CTAS reported third-quarter fiscal 2023 (ended Feb 28, 2023) earnings of $3.14 per share, beating the Zacks Consensus Estimate of $3.01. The bottom line increased year over year despite high costs. Other businesses like Uniform Direct Sale and Fire Protection Services are included in All Other.
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fdd24cec-e81a-4a0c-9d92-2d9a45fe0f5d
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720655.0
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2023-03-29 00:00:00 UTC
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Here's Why You Should Hold on to Danaher (DHR) Stock Now
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DE
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https://www.nasdaq.com/articles/heres-why-you-should-hold-on-to-danaher-dhr-stock-now
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nan
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Danaher Corporation DHR is backed by multiple tailwinds despite headwinds from adverse foreign currency movements, supply chain issues and cost inflation.
This Zacks Rank #3 (Hold) company is seeing healthy demand across major end markets. Within the Biotechnology segment, robust customer activity in bioprocessing bodes well. Broad-based strength across instruments and consumables businesses is aiding the Life Sciences segment. Growth in the Life Sciences instrument business is supported by Leica Microsystems and Beckman Coulter Life Sciences. Segmental revenues increased 10% year over year in 2022. The company expects steady demand across end markets to drive growth of this segment in 2023.
Apart from the Life Sciences segment, Danaher is poised for growth on the back of continued momentum in the Diagnostics and Environmental & Applied Solutions segments. Strength in Cepheid business, Molecular Diagnostics, Leica Biosystems and demand for blood gas testing in China is supporting growth of the Diagnostics segment (revenues up 10.2% in 2022). Strength in Water Quality and Videojet businesses is a key catalyst to the growth of the Environmental & Applied Solutions segment. Revenues from the segment increased 3.8% in 2022.
Danaher Corporation Price and Consensus
Danaher Corporation price-consensus-chart | Danaher Corporation Quote
With continued strength in its operations, Danaher expects adjusted base business core revenue growth in mid-single digits for the first quarter of 2023. For 2023, the company expects the same to be up in the high-single digits. Organic sales growth is estimated to be in mid-single digits in the first quarter and the full year.
The DBS (Danaher Business System) initiatives, which help Danaher focus more on product innovation, superior product quality, efficient workforce building and shareholder value enhancement, are fostering the company’s growth. DHR has been able to reduce the impact of supply-chain constraints and inflationary pressure through its DBS initiatives.
Disciplined cost management, productivity initiatives and pricing actions are supporting the company’s margin performance. In 2022, DHR’s operating profit margin (continuing operations) increased 230 basis points year over year to 27.6%.
Danaher’s commitment to reward shareholders through handsome dividend payments holds promise. In 2022, the company paid out dividends worth $818 million, up 10.2% on a year-over-year basis. In February 2023, the company hiked its dividend by 8% to 27 cents per share.
Key Picks
Some better-ranked Industrial stocks are as follows:
Deere & Company DE currently sports a Zacks Rank #1 (Strong Buy). The company pulled off a trailing four-quarter earnings surprise of 4.7%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.
Deere has an estimated earnings growth rate of approximately 31% for the current fiscal year. The stock has gained 18.4% in the past six months.
Ingersoll Rand IR presently flaunts a Zacks Rank #1. The company delivered a trailing four-quarter earnings surprise of 8.5%, on average.
Ingersoll Rand has an estimated earnings growth rate of approximately 7% for the current year. The stock has rallied 29.4% in the past six months.
Free Report: Must-See Hydrogen Stocks
Hydrogen fuel cells are already used to provide efficient, ultra-clean energy to buses, ships and even hospitals. This technology is on the verge of a massive breakthrough, one that could make hydrogen a major source of America's power. It could even totally revolutionize the EV industry.
Zacks has released a special report revealing the 4 stocks experts believe will deliver the biggest gains.
Download Cashing In on Cleaner Energy today, absolutely 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
Danaher Corporation (DHR) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
Ingersoll Rand Inc. (IR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Danaher Corporation DHR is backed by multiple tailwinds despite headwinds from adverse foreign currency movements, supply chain issues and cost inflation. Strength in Water Quality and Videojet businesses is a key catalyst to the growth of the Environmental & Applied Solutions segment. This Zacks Rank #3 (Hold) company is seeing healthy demand across major end markets.
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Click to get this free report Danaher Corporation (DHR) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report To read this article on Zacks.com click here. Danaher Corporation DHR is backed by multiple tailwinds despite headwinds from adverse foreign currency movements, supply chain issues and cost inflation. This Zacks Rank #3 (Hold) company is seeing healthy demand across major end markets.
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The DBS (Danaher Business System) initiatives, which help Danaher focus more on product innovation, superior product quality, efficient workforce building and shareholder value enhancement, are fostering the company’s growth. Click to get this free report Danaher Corporation (DHR) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report To read this article on Zacks.com click here. Danaher Corporation DHR is backed by multiple tailwinds despite headwinds from adverse foreign currency movements, supply chain issues and cost inflation.
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Strength in Cepheid business, Molecular Diagnostics, Leica Biosystems and demand for blood gas testing in China is supporting growth of the Diagnostics segment (revenues up 10.2% in 2022). The DBS (Danaher Business System) initiatives, which help Danaher focus more on product innovation, superior product quality, efficient workforce building and shareholder value enhancement, are fostering the company’s growth. Danaher Corporation DHR is backed by multiple tailwinds despite headwinds from adverse foreign currency movements, supply chain issues and cost inflation.
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8086aeb5-cde4-409c-9fc8-2743dc52619a
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720656.0
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2023-03-29 00:00:00 UTC
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Here's Why Hold Strategy is Apt for MRC Global (MRC) Stock
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DE
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https://www.nasdaq.com/articles/heres-why-hold-strategy-is-apt-for-mrc-global-mrc-stock
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nan
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MRC Global Inc. MRC benefits from strength across several end markets, including upstream production, midstream pipelines, gas utilities, downstream, industrial and energy transition despite adversities from high cost of sales (due to raw material cost inflation). Also, its focus on customer service, supported by reliable operations and supply-chain management bodes well.
Safety-related modernization and emission reduction programs along with continued infrastructure improvement projects are supporting MRC’s gas utility sector. The company’s second-largest sector (downstream, industrial and energy transition) DIET sector is gaining from new energy transition-related projects. The company’s upstream production sector is being aided by increased customer activity in Canada. Increased customer activity in the North Sea is driving the sector’s International upstream sales. The Midstream pipeline sector is benefitting from increased delivery of valve and actuation assemblies and line pipe products.
Several contracts awarded by the largest gas utilities in the United States is supporting the company’s gas utility sector. Also, MRC’s businesses in the industrial, downstream and energy transition sectors are expected to gain from contracts with some of the largest refiners in the United States.
MRC Global is committed to rewarding its shareholders handsomely with dividend payments and share buybacks. In 2022, MRC paid out dividends worth $24 million. It also bought back shares worth $2 million in 2022.
In light of the above-mentioned positives, we believe, investors should retain MRC stock for now, as suggested by its current Zacks Rank #3 (Hold).
MRC Global Inc. Price
MRC Global Inc. price | MRC Global Inc. Quote
Stocks to Consider
Some top-ranked companies from the Industrial Products sector are discussed below:
Deere & Company DE presently sports a Zacks Rank #1 (Strong Buy). DE’s earnings surprise in the last four quarters was 4.7%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.
In the past 60 days, estimates for Deere & Company’s fiscal 2023 earnings have increased 8.6%. The stock has rallied 18.4% in the past six months.
Alamo Group Inc. ALG presently sports a Zacks Rank of 1. ALG’s earnings surprise in the last four quarters was 6.0%, on average.
In the past 60 days, estimates for Alamo’s fiscal 2023 earnings have increased 7.5%. The stock has gained 47% in the past six months.
A. O. Smith Corporation AOS presently carries a Zacks Rank #2 (Buy). AOS’ earnings surprise in the last four quarters was 3.2%, on average.
In the past 60 days, estimates for A. O. Smith’s fiscal 2023 earnings have increased 4.7%. The stock has gained 38.7% in the past six months.
Free Report: Must-See Hydrogen Stocks
Hydrogen fuel cells are already used to provide efficient, ultra-clean energy to buses, ships and even hospitals. This technology is on the verge of a massive breakthrough, one that could make hydrogen a major source of America's power. It could even totally revolutionize the EV industry.
Zacks has released a special report revealing the 4 stocks experts believe will deliver the biggest gains.
Download Cashing In on Cleaner Energy today, absolutely 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
Deere & Company (DE) : Free Stock Analysis Report
A. O. Smith Corporation (AOS) : Free Stock Analysis Report
Alamo Group, Inc. (ALG) : Free Stock Analysis Report
MRC Global Inc. (MRC) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Safety-related modernization and emission reduction programs along with continued infrastructure improvement projects are supporting MRC’s gas utility sector. The Midstream pipeline sector is benefitting from increased delivery of valve and actuation assemblies and line pipe products. MRC Global Inc. MRC benefits from strength across several end markets, including upstream production, midstream pipelines, gas utilities, downstream, industrial and energy transition despite adversities from high cost of sales (due to raw material cost inflation).
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MRC Global Inc. MRC benefits from strength across several end markets, including upstream production, midstream pipelines, gas utilities, downstream, industrial and energy transition despite adversities from high cost of sales (due to raw material cost inflation). MRC Global Inc. Price MRC Global Inc. price | MRC Global Inc. Quote Stocks to Consider Some top-ranked companies from the Industrial Products sector are discussed below: Click to get this free report Deere & Company (DE) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Alamo Group, Inc. (ALG) : Free Stock Analysis Report MRC Global Inc. (MRC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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MRC Global Inc. MRC benefits from strength across several end markets, including upstream production, midstream pipelines, gas utilities, downstream, industrial and energy transition despite adversities from high cost of sales (due to raw material cost inflation). MRC Global Inc. Price MRC Global Inc. price | MRC Global Inc. Quote Stocks to Consider Some top-ranked companies from the Industrial Products sector are discussed below: Click to get this free report Deere & Company (DE) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Alamo Group, Inc. (ALG) : Free Stock Analysis Report MRC Global Inc. (MRC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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MRC Global Inc. MRC benefits from strength across several end markets, including upstream production, midstream pipelines, gas utilities, downstream, industrial and energy transition despite adversities from high cost of sales (due to raw material cost inflation). In the past 60 days, estimates for Deere & Company’s fiscal 2023 earnings have increased 8.6%. Also, its focus on customer service, supported by reliable operations and supply-chain management bodes well.
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720657.0
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2023-03-29 00:00:00 UTC
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Guru Fundamental Report for DE
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DE
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https://www.nasdaq.com/articles/guru-fundamental-report-for-de-4
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nan
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhibit characteristics associated with sustained future growth.
DEERE & COMPANY (DE) is a large-cap value stock in the Constr. & Agric. Machinery industry. The rating using this strategy is 88% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
BOOK/MARKET RATIO: PASS
RETURN ON ASSETS: PASS
CASH FLOW FROM OPERATIONS TO ASSETS: PASS
CASH FLOW FROM OPERATIONS TO ASSETS VS. RETURN ON ASSETS: PASS
RETURN ON ASSETS VARIANCE: PASS
SALES VARIANCE: PASS
ADVERTISING TO ASSETS: FAIL
CAPITAL EXPENDITURES TO ASSETS: PASS
RESEARCH AND DEVELOPMENT TO ASSETS: PASS
Detailed Analysis of DEERE & COMPANY
DE Guru Analysis
DE Fundamental Analysis
More Information on Partha Mohanram
Partha Mohanram Portfolio
About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Sometimes research that changes the investing world can come from the halls of academia. Partha Mohanram is a great example of this. While academic research has shown that value investing works over time, it has found the opposite for growth investing. Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. His research paper "Separating Winners from Losers among Low Book-to-Market Stocks using Financial Statement Analysis" looked at the criteria that can be used to separate growth stocks that continue their upward trajectory from those that don't. Mohanram is currently the John H. Watson Chair in Value Investing at the University of Toronto and was previously an Associate Professor at the Columbia Business School.
Additional Research Links
Factor-Based Stock Portfolios
Factor-Based ETF Portfolios
Harry Browne Permanent Portfolio
Ray Dalio All Weather Portfolio
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. 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. Below is Validea's guru fundamental report for DEERE & COMPANY (DE).
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing.
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Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Additional Research Links Factor-Based Stock Portfolios Factor-Based ETF Portfolios Harry Browne Permanent Portfolio Ray Dalio All Weather Portfolio About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends.
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing.
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3a8ec0bc-a1c5-46f4-82e1-258423ad9dde
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720658.0
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2023-03-29 00:00:00 UTC
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Is It Worth Investing in Deere (DE) Based on Wall Street's Bullish Views?
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DE
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https://www.nasdaq.com/articles/is-it-worth-investing-in-deere-de-based-on-wall-streets-bullish-views-0
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nan
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Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Let's take a look at what these Wall Street heavyweights have to say about Deere (DE) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
Deere currently has an average brokerage recommendation (ABR) of 1.74, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 19 brokerage firms. An ABR of 1.74 approximates between Strong Buy and Buy.
Of the 19 recommendations that derive the current ABR, 12 are Strong Buy, representing 63.2% of all recommendations.
Brokerage Recommendation Trends for DE
Check price target & stock forecast for Deere here>>>
The ABR suggests buying Deere, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation.
Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations.
In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.
With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near -term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision.
Zacks Rank Should Not Be Confused With ABR
Although both Zacks Rank and ABR are displayed in a range of 1-5, they are different measures altogether.
Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.
In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.
Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.
There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices.
Is DE Worth Investing In?
In terms of earnings estimate revisions for Deere, the Zacks Consensus Estimate for the current year has increased 1.2% over the past month to $30.47.
Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #1 (Strong Buy) for Deere. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, the Buy-equivalent ABR for Deere may serve as a useful guide for investors.
Free Report: Must-See Hydrogen Stocks
Hydrogen fuel cells are already used to provide efficient, ultra-clean energy to buses, ships and even hospitals. This technology is on the verge of a massive breakthrough, one that could make hydrogen a major source of America's power. It could even totally revolutionize the EV industry.
Zacks has released a special report revealing the 4 stocks experts believe will deliver the biggest gains.
Download Cashing In on Cleaner Energy today, absolutely 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
Deere & Company (DE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, the Buy-equivalent ABR for Deere may serve as a useful guide for investors. Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock.
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Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter? Let's take a look at what these Wall Street heavyweights have to say about Deere (DE) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
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Deere currently has an average brokerage recommendation (ABR) of 1.74, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
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Brokerage Recommendation Trends for DE Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
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bb020361-13f5-4fe7-9d8d-4d9ea25fc261
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720659.0
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2023-03-28 00:00:00 UTC
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Deere (DE) Gains As Market Dips: What You Should Know
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DE
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https://www.nasdaq.com/articles/deere-de-gains-as-market-dips%3A-what-you-should-know-5
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Deere (DE) closed the most recent trading day at $395.35, moving +0.6% from the previous trading session. This change outpaced the S&P 500's 0.16% loss on the day. Meanwhile, the Dow lost 0.12%, and the Nasdaq, a tech-heavy index, lost 3.64%.
Heading into today, shares of the agricultural equipment manufacturer had lost 6.79% over the past month, lagging the Industrial Products sector's loss of 5.06% and the S&P 500's gain of 0.07% in that time.
Deere will be looking to display strength as it nears its next earnings release. On that day, Deere is projected to report earnings of $8.50 per share, which would represent year-over-year growth of 24.82%. Our most recent consensus estimate is calling for quarterly revenue of $14.78 billion, up 22.84% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $30.47 per share and revenue of $54.5 billion. These totals would mark changes of +30.88% and +13.74%, respectively, from last year.
Any recent changes to analyst estimates for Deere should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 1.15% higher within the past month. Deere is holding a Zacks Rank of #1 (Strong Buy) right now.
Looking at its valuation, Deere is holding a Forward P/E ratio of 12.9. This valuation marks a premium compared to its industry's average Forward P/E of 12.59.
It is also worth noting that DE currently has a PEG ratio of 1.05. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. DE's industry had an average PEG ratio of 1.05 as of yesterday's close.
The Manufacturing - Farm Equipment industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 16, putting it in the top 7% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. Deere (DE) closed the most recent trading day at $395.35, moving +0.6% from the previous trading session. Meanwhile, the Dow lost 0.12%, and the Nasdaq, a tech-heavy index, lost 3.64%.
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This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here. Deere (DE) closed the most recent trading day at $395.35, moving +0.6% from the previous trading session.
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Deere (DE) closed the most recent trading day at $395.35, moving +0.6% from the previous trading session. Meanwhile, the Dow lost 0.12%, and the Nasdaq, a tech-heavy index, lost 3.64%. Deere will be looking to display strength as it nears its next earnings release.
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On that day, Deere is projected to report earnings of $8.50 per share, which would represent year-over-year growth of 24.82%. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Deere (DE) closed the most recent trading day at $395.35, moving +0.6% from the previous trading session.
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720660.0
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2023-03-28 00:00:00 UTC
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Reasons Why You Should Avoid Betting on Stanley Black (SWK)
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https://www.nasdaq.com/articles/reasons-why-you-should-avoid-betting-on-stanley-black-swk-0
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Stanley Black & Decker SWK failed to impress investors with its recent operational performance due to reduced retail and consumer demand, supply-chain disruptions and other challenges, which are likely to impact its earnings in the near term.
The current Zacks Rank #5 (Strong Sell) player has a market capitalization of $11.7 billion. Due to the above-mentioned woes, the stock has lost 1% against the industry’s 11.3% increase in the past six months.
Let’s discuss the factors that might continue to take a toll on the firm.
Weak Segmental Performance: Reduced retail and consumer demand and the resultant softness in volumes are affecting the Tools & Outdoor segment’s performance. Within the segment, the Power Tools division is experiencing weakness (revenues down 5% organically in 2022) due to reduced consumer spending as a result of an increase in interest rates. For 2023, SWK expects segmental organic revenues to decline in the low single digits with an approximately 5% decrease in volumes.
Supply-Chain Constraints and Steep Costs: Supply-chain restrictions, primarily due to semiconductor constraints, and logistics and input cost increases weighed on Stanley Black’s operations in 2022. These headwinds pose a threat to the bottom-line performance, despite an improvement in the supply chain and an anticipated decline in raw material costs. Evidently, in 2022, the company’s cost of sales jumped 24.3% year over year. Also, selling, general and administrative expenses climbed 5.5%.
Image Source: Zacks Investment Research
Forex Woes: Given its widespread presence in the international markets, Stanley Black is exposed to unfavorable foreign currency movements. In fourth-quarter 2022, foreign currency translation had a negative impact of 3% on sales.
Southbound Estimate Revision: In the past 60 days, the Zacks Consensus Estimate for 2023 earnings has been revised 80.1% downward.
Stocks to Consider
Some top-ranked companies are discussed below:
Deere & Company DE presently sports a Zacks Rank #1 (Strong Buy). DE’s earnings surprise in the last four quarters was 4.7%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.
In the past 60 days, estimates for Deere & Company’s fiscal 2023 earnings have increased 8.6%. The stock has rallied 15.2% in the past six months.
Alamo Group Inc. ALG presently sports a Zacks Rank of 1. ALG’s earnings surprise in the last four quarters was 6.0%, on average.
In the past 60 days, estimates for Alamo’s fiscal 2023 earnings have increased 7.5%. The stock has gained 43.1% in the past six months.
A. O. Smith Corporation AOS presently carries a Zacks Rank #2 (Buy). AOS’ earnings surprise in the last four quarters was 3.2%, on average.
In the past 60 days, estimates for A. O. Smith’s fiscal 2023 earnings have increased 4.4%. The stock has gained 38.7% in the past six months.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Stanley Black & Decker, Inc. (SWK) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
A. O. Smith Corporation (AOS) : Free Stock Analysis Report
Alamo Group, Inc. (ALG) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stanley Black & Decker SWK failed to impress investors with its recent operational performance due to reduced retail and consumer demand, supply-chain disruptions and other challenges, which are likely to impact its earnings in the near term. Image Source: Zacks Investment Research Forex Woes: Given its widespread presence in the international markets, Stanley Black is exposed to unfavorable foreign currency movements. Weak Segmental Performance: Reduced retail and consumer demand and the resultant softness in volumes are affecting the Tools & Outdoor segment’s performance.
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Stanley Black & Decker SWK failed to impress investors with its recent operational performance due to reduced retail and consumer demand, supply-chain disruptions and other challenges, which are likely to impact its earnings in the near term. Deere & Company DE presently sports a Zacks Rank #1 (Strong Buy). Click to get this free report Stanley Black & Decker, Inc. (SWK) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Alamo Group, Inc. (ALG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report Stanley Black & Decker, Inc. (SWK) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Alamo Group, Inc. (ALG) : Free Stock Analysis Report To read this article on Zacks.com click here. Stanley Black & Decker SWK failed to impress investors with its recent operational performance due to reduced retail and consumer demand, supply-chain disruptions and other challenges, which are likely to impact its earnings in the near term. Weak Segmental Performance: Reduced retail and consumer demand and the resultant softness in volumes are affecting the Tools & Outdoor segment’s performance.
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Evidently, in 2022, the company’s cost of sales jumped 24.3% year over year. In the past 60 days, estimates for Deere & Company’s fiscal 2023 earnings have increased 8.6%. Stanley Black & Decker SWK failed to impress investors with its recent operational performance due to reduced retail and consumer demand, supply-chain disruptions and other challenges, which are likely to impact its earnings in the near term.
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cfb8d6e0-49ea-4d65-9a3c-2bf17a801e8f
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720661.0
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2023-03-27 00:00:00 UTC
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3 Blue-Chip Stocks to Buy for Stability and Safety
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https://www.nasdaq.com/articles/3-blue-chip-stocks-to-buy-for-stability-and-safety
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
An excellent way to find stocks to buy is by examining the holdings of exchange-traded funds (ETFs) that focus on the subject matter you’re interested in. In this case, safe blue-chip stocks.
Investopedia defines blue-chip stocks as follows: “These are typically large, well-established, and financially sound companies that have operated for many years and that have dependable earnings, often paying dividends to investors.”
So, if you want to invest in a blue-chip healthcare company, Johnson & Johnson (NYSE:JNJ) comes to mind. On the other hand, if you desire an industrial company, Deere & Co. (NYSE:DE) would be good. You get the idea. One more iconic name and I’d have my three safe blue-chip stocks to buy!
However, I’ve instead chosen to select my three picks from the top holdings of the actively managed Fidelity Blue Chip Growth ETF (BATS:FBCG) and Fidelity Blue Chip Value ETF (BATS:FBCV). These two ETFs invest in well-known, well-established and well-capitalized companies, applying growth screens and value screens, respectively.
Here are my three picks for safe blue-chip stocks to buy.
AAPL Apple $158.28
BRK-B Berkshire Hathaway $302.14
CMCSA Comcast $36.40
Apple (AAPL)
Source: Eric Broder Van Dyke / Shutterstock.com
Apple (NASDAQ:AAPL) is the largest holding of FBCG with a nearly 10% weighting. After losing more than a quarter of its value in 2022, the stock has rebounded, up 22% so far in 2023.
In addition to dominating the U.S. smartphone market, Apple’s iPhone is gaining market share globally. And although the company saw its first year-over-year revenue decline since 2019 in its most recently reported quarter, there’s little concern among the analyst community.
Of the 39 analysts covering the stock, 30 rate it “buy” or “overweight,” with a median target price of $173. That’s 9% above the current share price.
The company’s revenue and earnings per share (EPS) are forecast to decline slightly this year amid a challenging macroeconomic environment. Yet, analysts are expecting revenue growth of 6.9% in 2024 to $415.6 billion and EPS growth of 10.9% to $6.61.
One bright spot in Apple’s latest quarterly earnings was the company’s Services revenue, which rose 6.4% year over year to $20.8 billion, exceeding expectations. According to data from Finbold, the revenue generated from Apple’s Services sector alone — $79.4 billion in 2022 — was higher than the total revenue of several Fortune 500 companies.
Apple’s Services sector includes Apple TV+, which the company has been working to build out as a competitor to other top streaming services. The company’s hit show, Ted Lasso, is currently in its third and final season.
Last week, Apple announced plans to spend $1 billion annually to release films in movie theaters to continue building awareness for its streaming service. With $51.4 billion in cash on hand, Apple has plenty of money to do so… and to weather an economic downturn.
Berkshire Hathaway (BRK-B)
Source: Jonathan Weiss / Shutterstock.com
Berkshire Hathaway (NYSE:BRK-B) is the second-largest holding of FBCV with a 5.1% weighting. I chose Berkshire over top holding Exxon Mobil (NYSE:XOM), which has a 5.3% weighting, because Berkshire already has significant energy holdings through its operating subsidiary, Berkshire Hathaway Energy, and its large equity positions in both Chevron (NYSE:CVX) and Occidental Petroleum (NYSE:OXY).
Berkshire Hathaway remains the cheapest fund you can own with zero fees, above-average long-term capital appreciation, and a newly acquired desire to buy back its stock at reasonable prices.
“Every small bit helps if repurchases are made at value-accretive prices,” Buffett wrote in the 2022 Berkshire shareholder letter. “Just as surely, when a company overpays for repurchases, the continuing shareholders lose.”
In 2022, Berkshire repurchased 1.2% of its outstanding shares. In 2020 and 2021, it repurchased 9% of its stock. With its Class B shares trading above $300, Buffett could be buying. Berkshire paid an average of $303.83 per Class B share in December.
I’ve always believed that if Berkshire Hathaway were to carry out a controlled sale over several years, the proceeds would be considerably more than $300 a share. So it is a sum-of-the-parts investment.
Comcast (CMCSA)
Source: Todd A. Merport / Shutterstock.com
Comcast (NASDAQ:CMCSA) is the third-largest holding in FBCV with a weighting of 3%. Comcast stock has performed poorly over the past five years. It’s up 6.5% compared to a 50.6% gain for the S&P 500. So, it is definitely in the value play camp.
In early March, the giant Ontario Teachers’ Pension Plan increased its stake in the cable and media conglomerate by a considerable amount, buying 12.7 million shares of CMCSA in the quarter.
Barron’s recently pointed out that Comcast’s cash-return yield is so high right now it could be worth buying. The cash-return yield is the dollar amount of shares repurchased in a year plus the dividends paid to shareholders. Divide the total by market capitalization, and you get your cash-return yield.
Comcast is expected to buy back $14 billion of its stock in 2023 while also paying out $4.89 billion. Based on its current market cap of $153.5 billion, it has a cash-return yield of 12.3%. That’s 3.5 times the 10-year Treasury note yield of 3.5%.
Of the 32 analysts that cover CMCSA stock, 17 rate it “overweight” or “buy.” The median target price of $43.50 is 19.5% higher than where shares currently trade.
On the date of publication, Will Ashworth did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Will Ashworth has written about investments full-time since 2008. Publications where he’s appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia.
The post 3 Blue-Chip Stocks to Buy for Stability and Safety appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Berkshire Hathaway remains the cheapest fund you can own with zero fees, above-average long-term capital appreciation, and a newly acquired desire to buy back its stock at reasonable prices. In early March, the giant Ontario Teachers’ Pension Plan increased its stake in the cable and media conglomerate by a considerable amount, buying 12.7 million shares of CMCSA in the quarter. InvestorPlace - Stock Market News, Stock Advice & Trading Tips An excellent way to find stocks to buy is by examining the holdings of exchange-traded funds (ETFs) that focus on the subject matter you’re interested in.
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However, I’ve instead chosen to select my three picks from the top holdings of the actively managed Fidelity Blue Chip Growth ETF (BATS:FBCG) and Fidelity Blue Chip Value ETF (BATS:FBCV). AAPL Apple $158.28 BRK-B Berkshire Hathaway $302.14 CMCSA Comcast $36.40 Apple (AAPL) Source: Eric Broder Van Dyke / Shutterstock.com Apple (NASDAQ:AAPL) is the largest holding of FBCG with a nearly 10% weighting. Of the 32 analysts that cover CMCSA stock, 17 rate it “overweight” or “buy.” The median target price of $43.50 is 19.5% higher than where shares currently trade.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips An excellent way to find stocks to buy is by examining the holdings of exchange-traded funds (ETFs) that focus on the subject matter you’re interested in. Investopedia defines blue-chip stocks as follows: “These are typically large, well-established, and financially sound companies that have operated for many years and that have dependable earnings, often paying dividends to investors.” So, if you want to invest in a blue-chip healthcare company, Johnson & Johnson (NYSE:JNJ) comes to mind. AAPL Apple $158.28 BRK-B Berkshire Hathaway $302.14 CMCSA Comcast $36.40 Apple (AAPL) Source: Eric Broder Van Dyke / Shutterstock.com Apple (NASDAQ:AAPL) is the largest holding of FBCG with a nearly 10% weighting.
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The cash-return yield is the dollar amount of shares repurchased in a year plus the dividends paid to shareholders. InvestorPlace - Stock Market News, Stock Advice & Trading Tips An excellent way to find stocks to buy is by examining the holdings of exchange-traded funds (ETFs) that focus on the subject matter you’re interested in. Investopedia defines blue-chip stocks as follows: “These are typically large, well-established, and financially sound companies that have operated for many years and that have dependable earnings, often paying dividends to investors.” So, if you want to invest in a blue-chip healthcare company, Johnson & Johnson (NYSE:JNJ) comes to mind.
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720662.0
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2023-03-27 00:00:00 UTC
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Honeywell (HON) Down 11.3% in 3 Months: What's Ailing it?
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https://www.nasdaq.com/articles/honeywell-hon-down-11.3-in-3-months%3A-whats-ailing-it
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Shares of Honeywell International HON have declined 11.3% in the past three months compared with the industry’s decrease of 4.7%. The downside can be attributed to supply-chain woes, cost inflation and weakness in the Safety and Productivity Solutions segment.
Image Source: Zacks Investment Research
Softness in volumes due to supply-chain constraints, particularly related to the availability of semiconductors, has been a drag on HON’s operations. The company expects the Aerospace segment’s first-quarter performance to be suppressed compared to the rest of the quarters due to the effects of supply-chain constraints. Parts shortages are dampening the performance of the Building Technologies segment.
Raw material cost inflation poses a threat to Honeywell’s bottom-line performance. Labor market challenges are also weighing on the company’s operations.
HON has been experiencing persistent weakness in the Safety and Productivity Solutions segment due to lower personal protective equipment and warehouse automation volume. In 2022, sales from the segment declined 12% year over year. The company expects sales from the segment to decline mid-high single digits for 2023 due to the volatile demand environment. Honeywell’s Building Technologies segment is also likely to experience weakness in 2023 due to demand softness in shorter-cycle businesses.
Given Honeywell’s significant international exposure, adverse movements in foreign currencies have also weighed on shares of the company. Foreign exchange headwinds had an adverse impact of 1%, 6%, 4% and 3% on the Aerospace, Honeywell Building Technologies, Performance Materials and Technologies and Safety and Productivity Solutions segments in 2022. The same had an impact of 3% on total sales in the year.
Zacks Rank & Key Picks
Honeywell currently carries a Zacks Rank #3 (Hold).
Here are some better-ranked stocks for your consideration:
Deere & Company DE currently sports a Zacks Rank #1 (Strong Buy). The company pulled off a trailing four-quarter earnings surprise of 4.7%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.
Deere has an estimated earnings growth rate of approximately 31% for the current fiscal year. The stock has gained approximately 12% in the past six months.
Ingersoll Rand IR presently carries a Zacks Rank #2 (Buy). The company delivered a trailing four-quarter earnings surprise of 8.5%, on average.
Ingersoll Rand has an estimated earnings growth rate of approximately 7% for the current year. The stock has rallied around 25% in the past six months.
Just Released: Zacks Top 10 Stocks for 2023
In addition to the investment ideas discussed above, would you like to know about our 10 top picks for 2023?
From inception in 2012 through November, the Zacks Top 10 Stocks portfolio has tripled the market, gaining an impressive +884.5% versus the S&P 500’s +287.4%. Our Director of Research has now combed through 4,000 companies covered by the Zacks Rank and handpicked the best 10 tickers to buy and hold in 2023. Don’t miss your chance to still be among the first to get in on these just-released stocks.
See New Top 10 Stocks >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Honeywell International Inc. (HON) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
Ingersoll Rand Inc. (IR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of Honeywell International HON have declined 11.3% in the past three months compared with the industry’s decrease of 4.7%. The downside can be attributed to supply-chain woes, cost inflation and weakness in the Safety and Productivity Solutions segment. In 2022, sales from the segment declined 12% year over year.
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Click to get this free report Honeywell International Inc. (HON) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Honeywell International HON have declined 11.3% in the past three months compared with the industry’s decrease of 4.7%. The downside can be attributed to supply-chain woes, cost inflation and weakness in the Safety and Productivity Solutions segment.
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Click to get this free report Honeywell International Inc. (HON) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Honeywell International HON have declined 11.3% in the past three months compared with the industry’s decrease of 4.7%. The downside can be attributed to supply-chain woes, cost inflation and weakness in the Safety and Productivity Solutions segment.
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Shares of Honeywell International HON have declined 11.3% in the past three months compared with the industry’s decrease of 4.7%. The downside can be attributed to supply-chain woes, cost inflation and weakness in the Safety and Productivity Solutions segment. In 2022, sales from the segment declined 12% year over year.
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720663.0
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2023-03-27 00:00:00 UTC
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Here's Why It is Appropriate to Retain Allegion (ALLE) Now
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https://www.nasdaq.com/articles/heres-why-it-is-appropriate-to-retain-allegion-alle-now
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Allegion plc ALLE is benefiting from robust end-market demand and effective pricing despite labor, material and freight-related cost inflation. The company anticipates revenues to increase 9-10.5% year over year in 2023, with organic growth of 2.5-4.5%. Adjusted earnings per share are anticipated to be $6.30-$6.50 in 2023. The midpoint of the guided range of $6.40 implies a 12.5% jump from the 2022 figure of $5.69.
Strength in non-residential, residential and electronics end markets is benefiting ALLE’s Allegion Americas segment. The segment’s organic sales are anticipated to increase 11.5-13.5% in 2023.
Allegion has been strengthening and expanding its businesses through asset additions for a while. ALLE acquired Plano Group through one of its subsidiaries in January 2023. The acquisition expands its Interflex portfolio and AWFM business with new capabilities in SaaS models and recurring revenue solutions. Also, the buyout of Access Technologies Business enhanced the company’s access, egress and access control solutions offerings. The addition of certain assets of Astrum Benelux B.V. and WorkforceIT B.V. (July 2021) boosted Allegion’s Interflex unit’s cloud and mobile solutions along with its software-as-a-service capabilities.
Allegion is committed to rewarding its shareholders handsomely with dividend payments and share buybacks. In 2022, the company disbursed dividends worth $143.9 million and bought back 0.5 million shares for $61 million. It also hiked its quarterly dividend rate by 10% in February 2023. At the time of exiting 2022, the company had shares worth $140.5 million under its 2020-approved $800 million program.
In light of the abovementioned positives, we believe, investors should hold on to Allegion stock for now, as suggested by its current Zacks Rank #3 (Hold). In the past six months, the stock has risen 9.5%.
Image Source: Zacks Investment Research
Stocks to Consider
Some top-ranked companies from the Industrial Products sector are discussed below:
Deere & Company DE presently sports a Zacks Rank #1 (Strong Buy). DE’s earnings surprise in the last four quarters was 4.7%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.
In the past 60 days, estimates for Deere & Company’s fiscal 2023 earnings have increased 8.6%. The stock has rallied 11.7% in the past six months.
Alamo Group Inc. ALG presently sports a Zacks Rank of 1. ALG’s earnings surprise in the last four quarters was 6.0%, on average.
In the past 60 days, estimates for Alamo’s fiscal 2023 earnings have increased 7.5%. The stock has gained 41.3% in the past six months.
A. O. Smith Corporation AOS presently carries a Zacks Rank #2 (Buy). AOS’ earnings surprise in the last four quarters was 3.2%, on average.
In the past 60 days, estimates for A. O. Smith’s fiscal 2023 earnings have increased 4.4%. The stock has gained 32.3% in the past six months.
Just Released: Zacks Top 10 Stocks for 2023
In addition to the investment ideas discussed above, would you like to know about our 10 top picks for 2023?
From inception in 2012 through November, the Zacks Top 10 Stocks portfolio has tripled the market, gaining an impressive +884.5% versus the S&P 500’s +287.4%. Our Director of Research has now combed through 4,000 companies covered by the Zacks Rank and handpicked the best 10 tickers to buy and hold in 2023. Don’t miss your chance to still be among the first to get in on these just-released stocks.
See New Top 10 Stocks >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE) : Free Stock Analysis Report
A. O. Smith Corporation (AOS) : Free Stock Analysis Report
Alamo Group, Inc. (ALG) : Free Stock Analysis Report
Allegion PLC (ALLE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Allegion plc ALLE is benefiting from robust end-market demand and effective pricing despite labor, material and freight-related cost inflation. The acquisition expands its Interflex portfolio and AWFM business with new capabilities in SaaS models and recurring revenue solutions. The midpoint of the guided range of $6.40 implies a 12.5% jump from the 2022 figure of $5.69.
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Deere & Company DE presently sports a Zacks Rank #1 (Strong Buy). Click to get this free report Deere & Company (DE) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Alamo Group, Inc. (ALG) : Free Stock Analysis Report Allegion PLC (ALLE) : Free Stock Analysis Report To read this article on Zacks.com click here. Allegion plc ALLE is benefiting from robust end-market demand and effective pricing despite labor, material and freight-related cost inflation.
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In the past 60 days, estimates for Deere & Company’s fiscal 2023 earnings have increased 8.6%. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Alamo Group, Inc. (ALG) : Free Stock Analysis Report Allegion PLC (ALLE) : Free Stock Analysis Report To read this article on Zacks.com click here. Allegion plc ALLE is benefiting from robust end-market demand and effective pricing despite labor, material and freight-related cost inflation.
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In the past 60 days, estimates for Deere & Company’s fiscal 2023 earnings have increased 8.6%. Allegion plc ALLE is benefiting from robust end-market demand and effective pricing despite labor, material and freight-related cost inflation. The midpoint of the guided range of $6.40 implies a 12.5% jump from the 2022 figure of $5.69.
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2023-03-27 00:00:00 UTC
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Deere and Pfizer have been highlighted as Zacks Bull and Bear of the Day
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https://www.nasdaq.com/articles/deere-and-pfizer-have-been-highlighted-as-zacks-bull-and-bear-of-the-day
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For Immediate Release
Chicago, IL – March 27, 2023 – Zacks Equity Research shares Deere & Company DE as the Bull of the Day and Pfizer PFE as the Bear of the Day. In addition, Zacks Equity Research provides analysis on lululemon athletica inc. LULU, Roku, Inc. ROKU and Mattel MAT.
Here is a synopsis of all five stocks.
Bull of the Day:
The Zacks Industrial Products sector is currently the top-ranked Zacks sector, telling us that companies within have seen their outlooks shift positively with rising earnings estimate revisions.
One company in the sector, Deere & Company, has been no exception to the positive shift in sentiment, presently sporting the highly-coveted Zacks Rank #1 (Strong Buy).
Illinois-based Deere is the world’s largest producer of agricultural equipment, manufacturing agricultural machinery since 1837 under its iconic John Deere brand and signature green and yellow color scheme. Let's take a closer look at the company.
Shareholder-Friendly Nature
Everybody loves dividends. After all, who doesn’t like payday?
For those seeking an income stream, DE shares have that covered; the company’s annual dividend presently yields 1.2%, a few ticks below the Zacks Industrial Products sector average.
However, Deere’s 13% five-year annualized dividend growth rate helps pick up the slack in a big way. The company has no problem with increasingly rewarding its shareholders.
Reasonable Valuation
The company’s shares aren’t rich in terms of valuation, with the current 12.9X forward earnings multiple sitting well below the 16.3X five-year median and Zacks sector average.
Further, Deere’s forward price-to-sales ratio of 2.1X is nearly in line with the five-year median and again below the Zacks sector average.
Strong Quarterly Performance
DE has recently impressed with its quarterly results, exceeding earnings and revenue estimates in back-to-back quarters.
Just in its latest release, the agricultural equipment titan penciled in an 18.5% EPS surprise and reported sales roughly 1% ahead of expectations.
Bottom Line
Investors can implement a stellar strategy to find expected winners by taking advantage of the Zacks Rank – one of the most powerful market tools that provides a massive edge.
Additionally, the top 5% of all stocks receive the highly coveted Zacks Rank #1 (Strong Buy). These stocks should outperform the market more than any other rank.
Deere & Co. would be an excellent stock for investors to keep on their watchlists, as displayed by its Zack Rank #1 (Strong Buy).
Bear of the Day:
The Zacks Medical sector has struggled in 2023, down roughly 5% YTD and underperforming relative to the S&P 500.
One stock residing in the realm, Pfizer, has seen its near-term outlook shift negative over the last several months, pushing the stock down into a Zacks Rank #5 (Strong Sell).
Pfizer is a multinational pharmaceutical and biotechnology corporation headquartered in New York City, well-known for its COVID-19 vaccine. How does the company currently stack up? Let’s take a closer look.
Share Performance
PFE shares have been in a downward trend throughout 2023, losing more than 20% in value and widely underperforming relative to the S&P 500.
And over the last six months, PFE shares have again lagged behind the general market, losing 6% in value compared to the S&P 500’s 9% gain. The adverse price action indicates that sellers have been in control with no meaningful buying yet to step up.
Quarterly Performance
Pfizer has consistently posted better-than-expected results recently, exceeding earnings and revenue estimates in three consecutive quarters. Just in its latest release, the pharmaceutical titan penciled in a 10% bottom line beat and reported sales marginally above expectations.
However, the market wasn’t impressed with the recent double-beat, sending shares downward post-earnings.
Dividends
Pfizer shares do pay a solid dividend, currently yielding 4.1% annually. As we can see, the current yield is more than double the average of the Zacks Medical sector.
Over the last five years, PFE’s payout has grown by roughly 4%.
Bottom Line
Weak share performance and negative earnings estimate revisions from analysts paint a challenging picture for the company’s shares in the near term.
Pfizer is a Zacks Rank #5 (Strong Sell), indicating that analysts have taken a bearish stance on the company’s earnings outlook over the last several months.
For those seeking strong stocks, a great idea would be to focus on stocks carrying a Zacks Rank #1 (Strong Buy) or a Zacks Rank #2 (Buy) – these stocks sport a notably stronger earnings outlook paired with the potential to deliver explosive gains in the near term.
Additional content:
Factors Likely to Influence lululemon's (LULU) Q4 Earnings
lululemon athletica inc. is likely to witness top and bottom-line growth when it reports fourth-quarter fiscal 2022 results on Mar 28, after market close.
The Zacks Consensus Estimate for fiscal fourth-quarter sales is pegged at $2.7 billion, indicating a 26.4% increase from the prior-year quarter's reported figure. The Zacks Consensus Estimate for the company's fiscal fourth-quarter earnings is pinned at $4.25, suggesting a 26.1% rise from the $3.37 reported in the year-ago quarter. Earnings estimates have moved up by a penny in the past 60 days.
For fiscal 2022, the Zacks Consensus Estimate is pegged at $8 billion, suggesting a 28.5% growth from the prior-year quarter’s reported figure. The Zacks Consensus Estimate for fiscal 2022 earnings indicate a 27.3% year-over-year growth to $9.92. We expect the company’s fiscal 2022 total revenues to increase 27.2% year over year to $7,959 million and the bottom line to increase 27% to $9.9 per share.
The company delivered an earnings surprise of 2% in the last reported quarter. LULU's bottom line beat estimates by 6.7%, on average, in the trailing four quarters.
lululemon athletica inc. price-eps-surprise | lululemon athletica inc. Quote
Key Factors to Note
lululemon has been benefiting from continued business momentum, backed by a favorable response to its products. Improvement in store traffic, as consumers returned to stores for shopping, as well as solid online show, bodes well. The persistence of the trend is expected to have boosted the company’s top line in the to-be-reported quarter.
The company has been focused on investments to enhance the in-store experience. It has been leveraging its stores to facilitate omni-channel capabilities, including buy online pick up in store (BOPUS) and ship from store. It has been implementing several strategies to improve the guest experience and reduce wait time. These include virtual waitlist, mobile POS and appointment shopping. These functionalities enable reducing the time of waiting in line to enter the store, as well as allow customers to complete some transactions like returns, exchanges and purchase of gift cards without entering the store. Store expansion efforts are also expected to have acted as an upside.
lululemon has been gaining from improving online demand. Its accelerated e-commerce investments to ensure a robust shopping experience also bode well. It has been investing in developing sites, building transactional omni functionality and increasing fulfillment capabilities. Some notable efforts in this space include curbside pickups, same-day deliveries and BOPUS. It has been enhancing its mobile app in a bid to offer the curbside pickup service and train its store associates to help customers speed up transactions. Free online digital educator service for people who can't make it into stores also bodes well.
On the last reported quarter’searnings call management anticipated net revenues of $7.944-$7.994 billion for fiscal 2022. The revised view represents a three-year CAGR of 26%, suggesting a rise from the three-year revenue CAGR of 19% leading up to fiscal 2020. Lululemon anticipates GAAP EPS of $9.94-$10.04 for fiscal 2022 compared with $9.82-$9.97 stated earlier. Excluding the gain from the sale of an administrative office building, adjusted EPS for the fiscal year is envisioned to be $9.87-$9.97 compared with the $9.75-$9.90 mentioned earlier.
lululemon recently updated its fourth-quarter fiscal 2022 view, wherein the company expects revenues of $2.66-$2.7 billion, indicating 25-27% year-over-year growth, up from the previously stated $2.605-$2.655 billion. Adjusted earnings are envisioned to be $4.22-$4.27, up from the prior mentioned $4.20-$4.30. It also highlighted that the fiscal fourth-quarter traffic remained strong across both physical and digital channels. It anticipated delivering another quarter of solid earnings growth.
However, lululemon has been witnessing elevated costs and increased markdowns. Also, higher investments in the distribution center network and more normalized markdowns from the low levels witnessed in the prior year are expected to have hurt margins in fourth-quarter fiscal 2022. The company anticipates the fiscal fourth-quarter gross margin to contract 90-110 basis points (bps) compared with the earlier stated 10-20 bps expansion. For fiscal 2022, management envisions the gross margin to decline 100-140 bps mainly due to adverse currency rates.
What the Zacks Model Unveils
Our proven model does not conclusively predict an earnings beat for lululemon this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
lululemon has a Zacks Rank #3 and an Earnings ESP of 0.00%.
Stocks Poised to Beat Earnings Estimates
Here are some stocks that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat:
Roku, Inc. has an Earnings ESP of +0.10% and a Zacks Rank #3. ROKU is likely to register top and bottom-line growth when it reports fourth-quarter fiscal 2022 numbers. The Zacks Consensus Estimate for its quarterly revenues is pegged at $711.5 billion, suggesting a 3% decline from the figure reported in the prior-year quarter.
You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Roku’s fiscal fourth-quarter earnings is pegged at a loss of $1.48, suggesting a decrease of 679% from the year-ago quarter’s reported number. The consensus mark for the fiscal fourth quarter has moved down 1.4% in the past 30 days. ROKU has delivered a bottom-line beat of 5.2%, on average, in the trailing four quarters.
Mattel currently has an Earnings ESP of +20.46% and a Zacks Rank #3. MAT is anticipated to register top and bottom-line declines when it reports first-quarter 2023 results. The Zacks Consensus Estimate for its quarterly revenues is pegged at $772.8 million, indicating a decline of 25.8% from the figure reported in the prior-year quarter.
The Zacks Consensus Estimate for Mattel’s loss of 12 cents per share has widened by 2 cents in the past 30 days. This suggests a significant decline from earnings of 8 cents reported in the prior-year quarter. MAT has delivered an earnings beat of 124.8%, on average, in the trailing four quarters.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
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.
Just Released: Zacks Top 10 Stocks for 2023
In addition to the investment ideas discussed above, would you like to know about our 10 top picks for 2023?
From inception in 2012 through November, the Zacks Top 10 Stocks portfolio has tripled the market, gaining an impressive +884.5% versus the S&P 500’s +287.4%. Our Director of Research has now combed through 4,000 companies covered by the Zacks Rank and handpicked the best 10 tickers to buy and hold in 2023. Don’t miss your chance to still be among the first to get in on these just-released stocks.
See New Top 10 Stocks >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Pfizer Inc. (PFE) : Free Stock Analysis Report
Mattel, Inc. (MAT) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
lululemon athletica inc. (LULU) : Free Stock Analysis Report
Roku, Inc. (ROKU) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For those seeking an income stream, DE shares have that covered; the company’s annual dividend presently yields 1.2%, a few ticks below the Zacks Industrial Products sector average. Bottom Line Investors can implement a stellar strategy to find expected winners by taking advantage of the Zacks Rank – one of the most powerful market tools that provides a massive edge. For Immediate Release Chicago, IL – March 27, 2023 – Zacks Equity Research shares Deere & Company DE as the Bull of the Day and Pfizer PFE as the Bear of the Day.
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In addition, Zacks Equity Research provides analysis on lululemon athletica inc. LULU, Roku, Inc. ROKU and Mattel MAT. For those seeking strong stocks, a great idea would be to focus on stocks carrying a Zacks Rank #1 (Strong Buy) or a Zacks Rank #2 (Buy) – these stocks sport a notably stronger earnings outlook paired with the potential to deliver explosive gains in the near term. Click to get this free report Pfizer Inc. (PFE) : Free Stock Analysis Report Mattel, Inc. (MAT) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report lululemon athletica inc. (LULU) : Free Stock Analysis Report Roku, Inc. (ROKU) : Free Stock Analysis Report To read this article on Zacks.com click here.
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For those seeking strong stocks, a great idea would be to focus on stocks carrying a Zacks Rank #1 (Strong Buy) or a Zacks Rank #2 (Buy) – these stocks sport a notably stronger earnings outlook paired with the potential to deliver explosive gains in the near term. Stocks Poised to Beat Earnings Estimates Here are some stocks that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat: Roku, Inc. has an Earnings ESP of +0.10% and a Zacks Rank #3. Click to get this free report Pfizer Inc. (PFE) : Free Stock Analysis Report Mattel, Inc. (MAT) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report lululemon athletica inc. (LULU) : Free Stock Analysis Report Roku, Inc. (ROKU) : Free Stock Analysis Report To read this article on Zacks.com click here.
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For Immediate Release Chicago, IL – March 27, 2023 – Zacks Equity Research shares Deere & Company DE as the Bull of the Day and Pfizer PFE as the Bear of the Day. In addition, Zacks Equity Research provides analysis on lululemon athletica inc. LULU, Roku, Inc. ROKU and Mattel MAT. One company in the sector, Deere & Company, has been no exception to the positive shift in sentiment, presently sporting the highly-coveted Zacks Rank #1 (Strong Buy).
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2023-03-27 00:00:00 UTC
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Bull of the Day: Deere & Co. (DE)
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https://www.nasdaq.com/articles/bull-of-the-day%3A-deere-co.-de
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The Zacks Industrial Products sector is currently the top-ranked Zacks sector, telling us that companies within have seen their outlooks shift positively with rising earnings estimate revisions.
One company in the sector, Deere & Company DE, has been no exception to the positive shift in sentiment, presently sporting the highly-coveted Zacks Rank #1 (Strong Buy).
Image Source: Zacks Investment Research
Illinois-based Deere is the world’s largest producer of agricultural equipment, manufacturing agricultural machinery since 1837 under its iconic John Deere brand and signature green and yellow color scheme Let’s take a closer look at the company.
Shareholder-Friendly Nature
Everybody loves dividends. After all, who doesn’t like payday?
For those seeking an income stream, DE shares have that covered; the company’s annual dividend presently yields 1.2%, a few ticks below the Zacks Industrial Products sector average.
However, Deere’s 13% five-year annualized dividend growth rate helps pick up the slack in a big way. As we can see in the chart below, the company has no problem with increasingly rewarding its shareholders.
Image Source: Zacks Investment Research
Reasonable Valuation
The company’s shares aren’t rich in terms of valuation, with the current 12.9X forward earnings multiple sitting well below the 16.3X five-year median and Zacks sector average.
Image Source: Zacks Investment Research
Further, Deere’s forward price-to-sales ratio of 2.1X is nearly in line with the five-year median and again below the Zacks sector average.
Image Source: Zacks Investment Research
Strong Quarterly Performance
DE has recently impressed with its quarterly results, exceeding earnings and revenue estimates in back-to-back quarters.
Just in its latest release, the agricultural equipment titan penciled in an 18.5% EPS surprise and reported sales roughly 1% ahead of expectations. Below is a chart illustrating the company’s revenue on a quarterly basis.
Image Source: Zacks Investment Research
Bottom Line
Investors can implement a stellar strategy to find expected winners by taking advantage of the Zacks Rank – one of the most powerful market tools that provides a massive edge.
Additionally, the top 5% of all stocks receive the highly coveted Zacks Rank #1 (Strong Buy). These stocks should outperform the market more than any other rank.
Deere & Company DE would be an excellent stock for investors to keep on their watchlists, as displayed by its Zack Rank #1 (Strong Buy).
Just Released: Zacks Top 10 Stocks for 2023
In addition to the investment ideas discussed above, would you like to know about our 10 top picks for 2023?
From inception in 2012 through November, the Zacks Top 10 Stocks portfolio has tripled the market, gaining an impressive +884.5% versus the S&P 500’s +287.4%. Our Director of Research has now combed through 4,000 companies covered by the Zacks Rank and handpicked the best 10 tickers to buy and hold in 2023. Don’t miss your chance to still be among the first to get in on these just-released stocks.
See New Top 10 Stocks >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For those seeking an income stream, DE shares have that covered; the company’s annual dividend presently yields 1.2%, a few ticks below the Zacks Industrial Products sector average. Deere & Company DE would be an excellent stock for investors to keep on their watchlists, as displayed by its Zack Rank #1 (Strong Buy). One company in the sector, Deere & Company DE, has been no exception to the positive shift in sentiment, presently sporting the highly-coveted Zacks Rank #1 (Strong Buy).
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Image Source: Zacks Investment Research Strong Quarterly Performance DE has recently impressed with its quarterly results, exceeding earnings and revenue estimates in back-to-back quarters. Image Source: Zacks Investment Research Bottom Line Investors can implement a stellar strategy to find expected winners by taking advantage of the Zacks Rank – one of the most powerful market tools that provides a massive edge. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here.
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One company in the sector, Deere & Company DE, has been no exception to the positive shift in sentiment, presently sporting the highly-coveted Zacks Rank #1 (Strong Buy). Image Source: Zacks Investment Research Further, Deere’s forward price-to-sales ratio of 2.1X is nearly in line with the five-year median and again below the Zacks sector average. Image Source: Zacks Investment Research Illinois-based Deere is the world’s largest producer of agricultural equipment, manufacturing agricultural machinery since 1837 under its iconic John Deere brand and signature green and yellow color scheme Let’s take a closer look at the company.
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Image Source: Zacks Investment Research Further, Deere’s forward price-to-sales ratio of 2.1X is nearly in line with the five-year median and again below the Zacks sector average. One company in the sector, Deere & Company DE, has been no exception to the positive shift in sentiment, presently sporting the highly-coveted Zacks Rank #1 (Strong Buy). Image Source: Zacks Investment Research Illinois-based Deere is the world’s largest producer of agricultural equipment, manufacturing agricultural machinery since 1837 under its iconic John Deere brand and signature green and yellow color scheme Let’s take a closer look at the company.
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720666.0
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2023-03-25 00:00:00 UTC
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Guru Fundamental Report for DE
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhibit characteristics associated with sustained future growth.
DEERE & COMPANY (DE) is a large-cap value stock in the Constr. & Agric. Machinery industry. The rating using this strategy is 88% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
BOOK/MARKET RATIO: PASS
RETURN ON ASSETS: PASS
CASH FLOW FROM OPERATIONS TO ASSETS: PASS
CASH FLOW FROM OPERATIONS TO ASSETS VS. RETURN ON ASSETS: PASS
RETURN ON ASSETS VARIANCE: PASS
SALES VARIANCE: PASS
ADVERTISING TO ASSETS: FAIL
CAPITAL EXPENDITURES TO ASSETS: PASS
RESEARCH AND DEVELOPMENT TO ASSETS: PASS
Detailed Analysis of DEERE & COMPANY
DE Guru Analysis
DE Fundamental Analysis
More Information on Partha Mohanram
Partha Mohanram Portfolio
About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Sometimes research that changes the investing world can come from the halls of academia. Partha Mohanram is a great example of this. While academic research has shown that value investing works over time, it has found the opposite for growth investing. Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. His research paper "Separating Winners from Losers among Low Book-to-Market Stocks using Financial Statement Analysis" looked at the criteria that can be used to separate growth stocks that continue their upward trajectory from those that don't. Mohanram is currently the John H. Watson Chair in Value Investing at the University of Toronto and was previously an Associate Professor at the Columbia Business School.
Additional Research Links
Factor-Based Stock Portfolios
Factor-Based ETF Portfolios
Harry Browne Permanent Portfolio
Ray Dalio All Weather Portfolio
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. 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. Below is Validea's guru fundamental report for DEERE & COMPANY (DE).
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing.
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Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Additional Research Links Factor-Based Stock Portfolios Factor-Based ETF Portfolios Harry Browne Permanent Portfolio Ray Dalio All Weather Portfolio About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends.
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing.
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2023-03-24 00:00:00 UTC
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Here's Why You Should Give Tetra Tech (TTEK) Stock a Shot Now
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Tetra Tech, Inc. TTEK is benefiting from its focus on providing high-end consulting, design and engineering services. Also, factors like U.S. administration priorities, U.S. infrastructure stimulus and its focus on climate change on a global basis are driving the company. For fiscal 2023 (ending September 2023), TTEK anticipates adjusted earnings of $4.90-$5.05 per share. The midpoint of the guided range of $4.98 implies a 10.7% jump from the fiscal 2022 figure of $4.50.
Growth in water and environmental programs is aiding Tetra Tech’s Government Services Group segment. Its Commercial/International Services Group is being supported by robust utilization in high-performance buildings, environmental programs and renewable energy services across TTEK’s global operations.
TTEK follows a balanced capital-allocation strategy, enabling it to utilize its cash flow to improve organic growth capabilities and acquisitions. Tetra Tech acquired RPS Group plc. in January 2023. The acquisition boosts TTEK’s consultancy in water, environment and sustainable infrastructure and also expands its water practice in the United Kingdom besides strengthening its foothold in renewable energy and environmental management.
This Zacks Rank #2 (Buy) company also acquired Amyx, Inc. in the same month. As part of the Federal Information Technology division, the Amyx acquisition expands its use of advanced data analytics, cybersecurity, digital transformation and agile software development solutions for its government and commercial customers and is integrated into TTEK’s Government Services Group. The company’s acquisition of Piteau Associates (March 2022) boosted its capabilities in advanced analytics for providing water management and geotechnical solutions to customers.
Tetra Tech’s measures to reward its shareholders through share repurchases and dividend payouts are encouraging. TTEK paid out dividends worth $46.1 million and $12.2 million in fiscal 2022 (ended September 2022) and in the first three months of fiscal 2023 (ended December 2022), respectively. It repurchased shares worth $200 million in fiscal 2022. In May 2022, the quarterly dividend rate was hiked 15%.
Amid the abovementioned tailwinds, shares of Tetra Tech have gained 10.6% in the past six months.
Image Source: Zacks Investment Research
Other Stocks to Consider
Some other top-ranked companies from the Industrial Products sector are discussed below:
Deere & Company DE presently sports a Zacks Rank #1 (Strong Buy). DE’s earnings surprise in the last four quarters was 4.7%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.
In the past 60 days, estimates for Deere & Company’s fiscal 2023 earnings have increased 8.6%. The stock has rallied 17.9% in the past six months.
Alamo Group Inc. ALG presently sports a Zacks Rank of 1. ALG’s earnings surprise in the last four quarters was 6.0%, on average.
In the past 60 days, estimates for Alamo’s fiscal 2023 earnings have increased 7.5%. The stock has gained 45.8% in the past six months.
Allegion plc ALLE presently carries a Zacks Rank #2 (Buy). ALLE’s earnings surprise in the last four quarters was 10.3%, on average.
In the past 60 days, estimates for Allegion’s fiscal 2023 earnings have increased 4.1%. The stock has gained 13.4% in the past six months.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Tetra Tech, Inc. (TTEK) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
Alamo Group, Inc. (ALG) : Free Stock Analysis Report
Allegion PLC (ALLE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Tetra Tech, Inc. TTEK is benefiting from its focus on providing high-end consulting, design and engineering services. The midpoint of the guided range of $4.98 implies a 10.7% jump from the fiscal 2022 figure of $4.50. The acquisition boosts TTEK’s consultancy in water, environment and sustainable infrastructure and also expands its water practice in the United Kingdom besides strengthening its foothold in renewable energy and environmental management.
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Deere & Company DE presently sports a Zacks Rank #1 (Strong Buy). Click to get this free report Tetra Tech, Inc. (TTEK) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Alamo Group, Inc. (ALG) : Free Stock Analysis Report Allegion PLC (ALLE) : Free Stock Analysis Report To read this article on Zacks.com click here. Tetra Tech, Inc. TTEK is benefiting from its focus on providing high-end consulting, design and engineering services.
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In the past 60 days, estimates for Deere & Company’s fiscal 2023 earnings have increased 8.6%. Click to get this free report Tetra Tech, Inc. (TTEK) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Alamo Group, Inc. (ALG) : Free Stock Analysis Report Allegion PLC (ALLE) : Free Stock Analysis Report To read this article on Zacks.com click here. Tetra Tech, Inc. TTEK is benefiting from its focus on providing high-end consulting, design and engineering services.
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Tetra Tech, Inc. TTEK is benefiting from its focus on providing high-end consulting, design and engineering services. The midpoint of the guided range of $4.98 implies a 10.7% jump from the fiscal 2022 figure of $4.50. The acquisition boosts TTEK’s consultancy in water, environment and sustainable infrastructure and also expands its water practice in the United Kingdom besides strengthening its foothold in renewable energy and environmental management.
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2023-03-24 00:00:00 UTC
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Zacks Investment Ideas feature highlights: Silicon Valley Bank, IWM, Vipshops, Airbnb and Deere
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https://www.nasdaq.com/articles/zacks-investment-ideas-feature-highlights%3A-silicon-valley-bank-iwm-vipshops-airbnb-and
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For Immediate Release
Chicago, IL – March 24, 2023 – Today, Zacks Investment Ideas feature highlights Silicon Valley Bank SIVB, iShares Russell 2000 ETF (IWM, Vipshops VIPS, Airbnb ABNB and Deere DE.
3 Top Industry Groups to Help Cut Through the Macro Noise
Market Overview
Wednesday, U.S. equities swung wildly in both directions but ultimately finished lower after the Federal Reserve hiked interest rates by 25 basis points. The rate hike brings the expected Fed funds rate to between 4.75 to 5 – the loftiest levels since 2007, before the financial crisis. The nine straight hikes equate to the longest streak since the one that occurred in the three years preceding 2018.
Initially, the Nasdaq 100 ETF ripped higher by nearly 2% after Fed Chairman Jay Powell said that "we considered an interest rate pause" after the collapse of several regional banks. However, he later stated that the Fed decided to hike interest rates based on "consensus" opinions. As Powell wrapped up his comments, stocks looked poised to finish strongly.
Wednesday's Nasty Close
Nevertheless, Secretary of the Treasury Janet Yellen put a later damper on equities. Yellen first warned that situations like the bank run on Silicon Valley Bank might be more likely to happen in the future. Later, she spooked markets further by divulging that the treasury is not considering a broad increase in deposit insurance. In other words, depositors will not be covered above the $250,000 guaranteed by the FDIC should a bank fail.
The result is that the QQQ finished down nearly 1.5%. However, the biggest loser was the regional-bank heavy iShares Russell 2000 ETF. Small caps never rallied in sync with the other indices after Powell's bullish comments – a clear sign of weakness.
Presently, there is a significant dichotomy between the tech-heavy Nasdaq and the small-cap Russell. Small caps are testing December lows while tech stocks reversed near seven-month highs.
Industry Group Leaders
Indexes such as the Russell 2000 and Nasdaq Composite are comprised of stocks that make up industry groups. Currently there is a wide dichotomy between the "haves and have nots". Today we will cover 3 top industry groups to watch:
1. Internet – Delivery Service Industry: This small yet mighty industry group is ranked in the top 2% of all groups tracked by Zacks. One stock within the group setting up is Vipshops. China had one of the most stringent COVID-19 lockdown policies in the entire world. In fact, at times, Chinese President Xi was willing to allow the Chinese economy to come to a screeching halt to tamp down coronavirus cases. Throughout this time, Vipshops and most other Chinese companies suffered.
However, in the past three quarters, VIPS has turned around its EPS picture and has grown EPS by 12%, 55%, and 27%. Despite the widely publicized reopening of the Chinese economy, analysts seem slow to change course. VIPS has delivered positive surprises in four straight quarters, including big beats of 42.31% and 33.33%.
2. Internet Content Industry: Once again a top group, the Internet Content Industry has found itself at the top of the heap many times over the past few years, and for a good reason. The internet has given birth to some of the largest winners in recent years. Airbnb is one of those emerging leaders. Airbnb benefits from the new era of decentralized work locations and a yearning to travel post-pandemic. ABNB is consolidating gains and setting up technically after smashing earnings in the most recent quarter.
3. If you're hunting for steadiness in an industry, it's difficult to beat the Manufacturing – Farm Equipment group. Deere is the leader of the group. After a pullback in price, shares look attractive – especially if you want to stave off the macro-related volatility caused by the banking industry. Over the past four quarters DE has delivered double-digit top and bottom line growth.
Takeaway
The recent action in the market illustrates one of the most lopsided "stock pickers" markets in recent memory. One way to cut through the noise and find big winners is to focus on the top industry groups. Remember, the top 50% of Zacks Ranked groups tend to outperform the bottom half by a factor of two to one.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.
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From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE) : Free Stock Analysis Report
SVB Financial Group (SIVB) : Free Stock Analysis Report
iShares Russell 2000 ETF (IWM): ETF Research Reports
Vipshop Holdings Limited (VIPS) : Free Stock Analysis Report
Airbnb, Inc. (ABNB) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For Immediate Release Chicago, IL – March 24, 2023 – Today, Zacks Investment Ideas feature highlights Silicon Valley Bank SIVB, iShares Russell 2000 ETF (IWM, Vipshops VIPS, Airbnb ABNB and Deere DE. 3 Top Industry Groups to Help Cut Through the Macro Noise Market Overview Wednesday, U.S. equities swung wildly in both directions but ultimately finished lower after the Federal Reserve hiked interest rates by 25 basis points. Initially, the Nasdaq 100 ETF ripped higher by nearly 2% after Fed Chairman Jay Powell said that "we considered an interest rate pause" after the collapse of several regional banks.
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For Immediate Release Chicago, IL – March 24, 2023 – Today, Zacks Investment Ideas feature highlights Silicon Valley Bank SIVB, iShares Russell 2000 ETF (IWM, Vipshops VIPS, Airbnb ABNB and Deere DE. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report SVB Financial Group (SIVB) : Free Stock Analysis Report iShares Russell 2000 ETF (IWM): ETF Research Reports Vipshop Holdings Limited (VIPS) : Free Stock Analysis Report Airbnb, Inc. (ABNB) : Free Stock Analysis Report To read this article on Zacks.com click here. 3 Top Industry Groups to Help Cut Through the Macro Noise Market Overview Wednesday, U.S. equities swung wildly in both directions but ultimately finished lower after the Federal Reserve hiked interest rates by 25 basis points.
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Industry Group Leaders Indexes such as the Russell 2000 and Nasdaq Composite are comprised of stocks that make up industry groups. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report SVB Financial Group (SIVB) : Free Stock Analysis Report iShares Russell 2000 ETF (IWM): ETF Research Reports Vipshop Holdings Limited (VIPS) : Free Stock Analysis Report Airbnb, Inc. (ABNB) : Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL – March 24, 2023 – Today, Zacks Investment Ideas feature highlights Silicon Valley Bank SIVB, iShares Russell 2000 ETF (IWM, Vipshops VIPS, Airbnb ABNB and Deere DE.
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Industry Group Leaders Indexes such as the Russell 2000 and Nasdaq Composite are comprised of stocks that make up industry groups. For Immediate Release Chicago, IL – March 24, 2023 – Today, Zacks Investment Ideas feature highlights Silicon Valley Bank SIVB, iShares Russell 2000 ETF (IWM, Vipshops VIPS, Airbnb ABNB and Deere DE. 3 Top Industry Groups to Help Cut Through the Macro Noise Market Overview Wednesday, U.S. equities swung wildly in both directions but ultimately finished lower after the Federal Reserve hiked interest rates by 25 basis points.
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2023-03-23 00:00:00 UTC
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Here's Why Parker-Hannifin (PH) Stock is Up 34.2% in 6 Months
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Parker-Hannifin Corporation PH shares have gained 34.2% in the past six months compared with the industry’s 17.1% increase.
Let’s look into the factors driving the company’s performance.
What’s Aiding PH?
The company is benefiting from effective pricing and supply-chain management actions, which have been helping it tackle challenges related to the supply chain and higher costs for a while. Also, strong demand across end markets and higher orders bode well. Continued broad-based growth in the North American region and robust organic growth in the International region are supporting the Diversified Industrial segment. Revenues in the Aerospace Systems segment are benefiting from the robust original equipment manufacturer (OEM) and Maintenance, Repair and Operations commercial activity.
The company’s unique Win Strategy (version 3.0 launched in fiscal 2020), which focuses on innovation, strategic positioning, distribution growth and incentive plan changes to drive organic growth, is supporting its margin performance.
Parker-Hannifin completed the acquisition of Meggitt plc in September 2022, which is a global leader in motion and control technologies. The buyout expanded Parker-Hannifin’s presence in the UK, positioning it well to provide a broader suite of solutions for aircraft and aero engine components and systems. The acquisition boosted Aerospace Systems sales by 82.2% in the fiscal second quarter of 2023 (ended Dec 31, 2022).
Image Source: Zacks Investment Research
PH utilizes its cash flow to reward its shareholders through dividend payouts and share-repurchase programs. In the first six months of fiscal 2023, the company distributed cash dividends worth $342.36 million, up 28.9% from the year-ago period. Also, the quarterly dividend was hiked 29% or 30 cents to $1.33 per share in April 2022.
Zacks Rank and Stocks to Consider
PH currently carries a Zacks Rank #3 (Hold). Some better-ranked companies from the Industrial Products sector are discussed below:
Deere & Company DE presently sports a Zacks Rank #1 (Strong Buy). DE’s earnings surprise in the last four quarters was 4.7%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.
In the past 60 days, estimates for Deere & Company’s fiscal 2023 earnings have increased 8.6%. The stock has rallied 18.9% in the past six months.
Alamo Group Inc. ALG presently sports a Zacks Rank of 1. ALG’s earnings surprise in the last four quarters was 6.0%, on average.
In the past 60 days, estimates for Alamo’s fiscal 2023 earnings have increased 7.5%. The stock has gained 45.7% in the past six months.
Allegion plc ALLE presently carries a Zacks Rank #2 (Buy). ALLE’s earnings surprise in the last four quarters was 10.3%, on average.
In the past 60 days, estimates for Allegion’s fiscal 2023 earnings have increased 4.1%. The stock has gained 15.2% in the past six months.
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Parker-Hannifin Corporation (PH) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
Alamo Group, Inc. (ALG) : Free Stock Analysis Report
Allegion PLC (ALLE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The buyout expanded Parker-Hannifin’s presence in the UK, positioning it well to provide a broader suite of solutions for aircraft and aero engine components and systems. Also, strong demand across end markets and higher orders bode well. Parker-Hannifin completed the acquisition of Meggitt plc in September 2022, which is a global leader in motion and control technologies.
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Deere & Company DE presently sports a Zacks Rank #1 (Strong Buy). Click to get this free report Parker-Hannifin Corporation (PH) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Alamo Group, Inc. (ALG) : Free Stock Analysis Report Allegion PLC (ALLE) : Free Stock Analysis Report To read this article on Zacks.com click here. Also, strong demand across end markets and higher orders bode well.
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Zacks Rank and Stocks to Consider PH currently carries a Zacks Rank #3 (Hold). In the past 60 days, estimates for Deere & Company’s fiscal 2023 earnings have increased 8.6%. Click to get this free report Parker-Hannifin Corporation (PH) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Alamo Group, Inc. (ALG) : Free Stock Analysis Report Allegion PLC (ALLE) : Free Stock Analysis Report To read this article on Zacks.com click here.
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In the past 60 days, estimates for Deere & Company’s fiscal 2023 earnings have increased 8.6%. Also, strong demand across end markets and higher orders bode well. Parker-Hannifin completed the acquisition of Meggitt plc in September 2022, which is a global leader in motion and control technologies.
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2023-03-23 00:00:00 UTC
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Honeywell (HON) Joins WOTR to Boost Soil and Water Protection
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Honeywell International Inc. HON recently entered into a partnership with Watershed Organization Trust (WOTR) to focus on soil and water conservation in rural ecosystems. WOTR is involved in restoring rural water bodies, boosting the water table and helping farmers and women with livelihood opportunities.
Per the deal, HON, through the Honeywell Hometown Solutions India Foundation (HHSIF) will offer required financial and volunteering support to WOTR. The collaboration between the two companies is expected to balance and increase the local ecosystem productivity, over soil and water conservation. The program will also promote sustainable agriculture practices with agricultural diversifications and help market linkages. It further targets to advance the irrigation potential and coverage in project villages, set up village development committees, help form farmer groups and bolster income generation activities for poor and vulnerable groups. As many as 47,525 people are expected to benefit from this project.
This collaboration comprises two components, namely implementation and knowledge. The implementation component will include local community participation related to natural resource interventions, climate-resilient agriculture, sustainable livelihoods and participatory governance. It will be carried out in a cluster of 10 villages from Telangana and three villages from Karnataka. In Telangana, the project will begin in Year-1 and will continue till Year-3. The project will start in Year-2 in Karnataka.
Under the knowledge component, the farmers’ collectives will be educated by the WOTR team to follow an Ecosystem-based Adaptation (EBA) approach. It will be administered in three villages in Maharashtra and Telangana.
The collaboration intends to promote soil conservation and water conservation on 840 ha, build 130 water harvesting structures in the proposed villages, assist a minimum of 50% of the target farmers to adopt eco-friendly agricultural practices, empower farmer groups in 13 villages and supply water-saving devices to 130 farmers. It also aims to set up 36 health camps and initiate various activities for women which require less labor.
Price Performance
Shares of Honeywell have gained 10.1% compared with the industry’s 3.4% increase in the past six months.
Image Source: Zacks Investment Research
Zacks Rank and Stocks to Consider
HON currently carries a Zacks Rank #3 (Hold). Some top-ranked companies are discussed below:
Deere & Company DE presently sports a Zacks Rank #1 (Strong Buy). DE’s earnings surprise in the last four quarters was 4.7%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.
In the past 60 days, estimates for Deere & Company’s fiscal 2023 earnings have increased 8.6%. The stock has rallied 18.9% in the past six months.
Alamo Group Inc. ALG presently sports a Zacks Rank of 1. ALG’s earnings surprise in the last four quarters was 6.0%, on average.
In the past 60 days, estimates for Alamo’s fiscal 2023 earnings have increased 7.5%. The stock has gained 45.7% in the past six months.
Allegion plc ALLE presently carries a Zacks Rank #2 (Buy). ALLE’s earnings surprise in the last four quarters was 10.3%, on average.
In the past 60 days, estimates for Allegion’s fiscal 2023 earnings have increased 4.1%. The stock has gained 15.2% in the past six months.
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Our urgent special report reveals 4 hydrogen stocks primed for big gains - plus our other top clean energy stocks.
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
Honeywell International Inc. (HON) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
Alamo Group, Inc. (ALG) : Free Stock Analysis Report
Allegion PLC (ALLE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Per the deal, HON, through the Honeywell Hometown Solutions India Foundation (HHSIF) will offer required financial and volunteering support to WOTR. The implementation component will include local community participation related to natural resource interventions, climate-resilient agriculture, sustainable livelihoods and participatory governance. It further targets to advance the irrigation potential and coverage in project villages, set up village development committees, help form farmer groups and bolster income generation activities for poor and vulnerable groups.
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Image Source: Zacks Investment Research Zacks Rank and Stocks to Consider HON currently carries a Zacks Rank #3 (Hold). Click to get this free report Honeywell International Inc. (HON) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Alamo Group, Inc. (ALG) : Free Stock Analysis Report Allegion PLC (ALLE) : Free Stock Analysis Report To read this article on Zacks.com click here. Per the deal, HON, through the Honeywell Hometown Solutions India Foundation (HHSIF) will offer required financial and volunteering support to WOTR.
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The collaboration intends to promote soil conservation and water conservation on 840 ha, build 130 water harvesting structures in the proposed villages, assist a minimum of 50% of the target farmers to adopt eco-friendly agricultural practices, empower farmer groups in 13 villages and supply water-saving devices to 130 farmers. Image Source: Zacks Investment Research Zacks Rank and Stocks to Consider HON currently carries a Zacks Rank #3 (Hold). Click to get this free report Honeywell International Inc. (HON) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Alamo Group, Inc. (ALG) : Free Stock Analysis Report Allegion PLC (ALLE) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The collaboration intends to promote soil conservation and water conservation on 840 ha, build 130 water harvesting structures in the proposed villages, assist a minimum of 50% of the target farmers to adopt eco-friendly agricultural practices, empower farmer groups in 13 villages and supply water-saving devices to 130 farmers. In the past 60 days, estimates for Deere & Company’s fiscal 2023 earnings have increased 8.6%. Per the deal, HON, through the Honeywell Hometown Solutions India Foundation (HHSIF) will offer required financial and volunteering support to WOTR.
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2023-03-23 00:00:00 UTC
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General Electric (GE), Svante Collaborate on Carbon Capture
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General Electric’s GE unit, GE Gas Power, has entered into a joint development agreement (JDA) with the Canadian company, Svante, to develop and evaluate solid sorbent-based carbon capture technology for natural gas power generation applications. Simultaneously, GE made an equity investment in Svante for the latter’s U.S. $318-million Series E fundraising round in December 2022.
The agreement is a part of General Electric’s sustainability initiatives to drive energy transition by investing in crucial technologies like carbon capture, which can help significantly reduce emissions.
GE Gas Power is part of GE Vernova, the combined operations of GE Power and Renewable Energy. General Electric is set to separate its GE Vernova division into an independent company in 2024 as part of its energy transition initiatives.
General Electric Company Price
General Electric Company price | General Electric Company Quote
Through the latest collaboration, Svante’s novel carbon capture filters made by coating solid adsorbents can be used in multiple applications to capture carbon dioxide emissions at refineries, cement, steel, aluminum, lime, boilers, pulp and paper industries. The technology can be used for point-source post-combustion carbon capture to prevent carbon dioxide emissions from reaching the atmosphere.
The JDA between GE Gas Power and Svante will focus on the development and commercialization of novel solid sorbent technologies to decarbonize natural gas-fired turbines in a cost-effective and environment-friendly way.
Zacks Rank & Key Picks
General Electric currently carries a Zacks Rank #5 (Strong Sell).
Some better-ranked stocks within the broader Industrial Products sector are as follows:
Deere & Company DE currently sports a Zacks Rank #1 (Strong Buy). The company pulled off a trailing four-quarter earnings surprise of 4.7%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.
Deere has an estimated earnings growth rate of approximately 31% for the current fiscal year. The stock has gained approximately 19% in the past six months.
Allegion plc ALLE currently carries a Zacks Rank #2 (Buy). The company pulled off a trailing four-quarter earnings surprise of 10.3%, on average.
Allegion has an estimated earnings growth rate of approximately 12% for the current year. The stock has rallied around 15% in the past six months.
Is THIS the Ultimate New Clean Energy Source? (4 Ways to Profit)
The world is increasingly focused on eliminating fossil fuels and ramping up use of renewable, clean energy sources. Hydrogen fuel cells, powered by the most abundant substance in the universe, could provide an unlimited amount of ultra-clean energy for multiple industries.
Our urgent special report reveals 4 hydrogen stocks primed for big gains - plus our other top clean energy stocks.
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
General Electric Company (GE) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
Allegion PLC (ALLE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The JDA between GE Gas Power and Svante will focus on the development and commercialization of novel solid sorbent technologies to decarbonize natural gas-fired turbines in a cost-effective and environment-friendly way. Hydrogen fuel cells, powered by the most abundant substance in the universe, could provide an unlimited amount of ultra-clean energy for multiple industries. General Electric’s GE unit, GE Gas Power, has entered into a joint development agreement (JDA) with the Canadian company, Svante, to develop and evaluate solid sorbent-based carbon capture technology for natural gas power generation applications.
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General Electric’s GE unit, GE Gas Power, has entered into a joint development agreement (JDA) with the Canadian company, Svante, to develop and evaluate solid sorbent-based carbon capture technology for natural gas power generation applications. General Electric Company Price General Electric Company price | General Electric Company Quote Through the latest collaboration, Svante’s novel carbon capture filters made by coating solid adsorbents can be used in multiple applications to capture carbon dioxide emissions at refineries, cement, steel, aluminum, lime, boilers, pulp and paper industries. Click to get this free report General Electric Company (GE) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Allegion PLC (ALLE) : Free Stock Analysis Report To read this article on Zacks.com click here.
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General Electric’s GE unit, GE Gas Power, has entered into a joint development agreement (JDA) with the Canadian company, Svante, to develop and evaluate solid sorbent-based carbon capture technology for natural gas power generation applications. General Electric Company Price General Electric Company price | General Electric Company Quote Through the latest collaboration, Svante’s novel carbon capture filters made by coating solid adsorbents can be used in multiple applications to capture carbon dioxide emissions at refineries, cement, steel, aluminum, lime, boilers, pulp and paper industries. Click to get this free report General Electric Company (GE) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Allegion PLC (ALLE) : Free Stock Analysis Report To read this article on Zacks.com click here.
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General Electric’s GE unit, GE Gas Power, has entered into a joint development agreement (JDA) with the Canadian company, Svante, to develop and evaluate solid sorbent-based carbon capture technology for natural gas power generation applications. Simultaneously, GE made an equity investment in Svante for the latter’s U.S. $318-million Series E fundraising round in December 2022. General Electric is set to separate its GE Vernova division into an independent company in 2024 as part of its energy transition initiatives.
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2023-03-23 00:00:00 UTC
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3 Top Industry Group to Help Cut Through the Macro Noise
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Market Overview
Wednesday, U.S. equities swung wildly in both directions but ultimately finished lower after the Federal Reserve hiked interest rates by 25 basis points. The rate hike brings the expected Fed funds rate to between 4.75 to 5 – the loftiest levels since 2007, before the financial crisis. The nine straight hikes equate to the longest streak since the one that occurred in the three years preceding 2018.
Initially, the Nasdaq 100 ETF (QQQ) ripped higher by nearly 2% after Fed Chairman Jay Powell said that “we considered an interest rate pause” after the collapse of several regional banks. However, he later stated that the Fed decided to hike interest rates based on “consensus” opinions. As Powell wrapped up his comments, stocks looked poised to finish strongly.
Wednesday’s Nasty Close
Nevertheless, Secretary of the Treasury Janet Yellen put a later damper on equities. Yellen first warned that situations like the bank run on Silicon Valley Bank (SIVB) might be more likely to happen in the future. Later, she spooked markets further by divulging that the treasury is not considering a broad increase in deposit insurance. In other words, depositors will not be covered above the $250,000 guaranteed by the FDIC should a bank fail.
The result is that the QQQ finished down nearly 1.5%. However, the biggest loser was the regional-bank heavy iShares Russell 2000 ETF (IWM). Small caps never rallied in sync with the other indices after Powell’s bullish comments – a clear sign of weakness.
Image Source: Zacks Investment Research
Presently, there is a significant dichotomy between the tech-heavy Nasdaq and the small-cap Russell. Small caps are testing December lows while tech stocks reversed near seven-month highs.
Industry Group Leaders
Indexes such as the Russell 2000 and Nasdaq Composite are comprised of stocks that make up industry groups. Currently there is a wide dichotomy between the “haves and have nots”. Today we will cover 3 top industry groups to watch:
1. Internet – Delivery Service Industry:This small yet mighty industry group is ranked in the top 2% of all groups tracked by Zacks. One stock within the group setting up is Vipshops (VIPS). China had one of the most stringent COVID-19 lockdown policies in the entire world. In fact, at times, Chinese President Xi was willing to allow the Chinese economy to come to a screeching halt to tamp down coronavirus cases. Throughout this time, Vipshops and most other Chinese companies suffered. However, in the past three quarters, VIPS has turned around its EPS picture and has grown EPS by 12%, 55%, and 27%. Despite the widely publicized reopening of the Chinese economy, analysts seem slow to change course. VIPS has delivered positive surprises in four straight quarters, including big beats of 42.31% and 33.33%.
Image Source: Zacks Investment Research
2. Internet Content Industry: Once again a top group, the Internet Content Industry has found itself at the top of the heap many times over the past few years, and for a good reason. The internet has given birth to some of the largest winners in recent years. Airbnb (ABNB) is one of those emerging leaders. Airbnb benefits from the new era of decentralized work locations and a yearning to travel post-pandemic. ABNB is consolidating gains and setting up technically after smashing earnings in the most recent quarter.
Image Source: Zacks Investment Research
3. If you’re hunting for steadiness in an industry, it’s difficult to beat the Manufacturing – Farm Equipment group. Deere (DE) is the leader of the group. After a pullback in price, shares look attractive – especially if you want to stave off the macro-related volatility caused by the banking industry. Over the past four quarters DE has delivered double-digit top and bottom line growth.
Takeaway
The recent action in the market illustrates one of the most lopsided “stock pickers” markets in recent memory. One way to cut through the noise and find big winners is to focus on the top industry groups. Remember, the top 50% of Zacks Ranked groups tend to outperform the bottom half by a factor of two to one.
Is THIS the Ultimate New Clean Energy Source? (4 Ways to Profit)
The world is increasingly focused on eliminating fossil fuels and ramping up use of renewable, clean energy sources. Hydrogen fuel cells, powered by the most abundant substance in the universe, could provide an unlimited amount of ultra-clean energy for multiple industries.
Our urgent special report reveals 4 hydrogen stocks primed for big gains - plus our other top clean energy stocks.
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
Deere & Company (DE) : Free Stock Analysis Report
Invesco QQQ (QQQ): ETF Research Reports
SVB Financial Group (SIVB) : Free Stock Analysis Report
iShares Russell 2000 ETF (IWM): ETF Research Reports
Vipshop Holdings Limited (VIPS) : Free Stock Analysis Report
Airbnb, Inc. (ABNB) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Market Overview Wednesday, U.S. equities swung wildly in both directions but ultimately finished lower after the Federal Reserve hiked interest rates by 25 basis points. Initially, the Nasdaq 100 ETF (QQQ) ripped higher by nearly 2% after Fed Chairman Jay Powell said that “we considered an interest rate pause” after the collapse of several regional banks. Hydrogen fuel cells, powered by the most abundant substance in the universe, could provide an unlimited amount of ultra-clean energy for multiple industries.
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Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Invesco QQQ (QQQ): ETF Research Reports SVB Financial Group (SIVB) : Free Stock Analysis Report iShares Russell 2000 ETF (IWM): ETF Research Reports Vipshop Holdings Limited (VIPS) : Free Stock Analysis Report Airbnb, Inc. (ABNB) : Free Stock Analysis Report To read this article on Zacks.com click here. Market Overview Wednesday, U.S. equities swung wildly in both directions but ultimately finished lower after the Federal Reserve hiked interest rates by 25 basis points. Initially, the Nasdaq 100 ETF (QQQ) ripped higher by nearly 2% after Fed Chairman Jay Powell said that “we considered an interest rate pause” after the collapse of several regional banks.
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Industry Group Leaders Indexes such as the Russell 2000 and Nasdaq Composite are comprised of stocks that make up industry groups. Internet – Delivery Service Industry:This small yet mighty industry group is ranked in the top 2% of all groups tracked by Zacks. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Invesco QQQ (QQQ): ETF Research Reports SVB Financial Group (SIVB) : Free Stock Analysis Report iShares Russell 2000 ETF (IWM): ETF Research Reports Vipshop Holdings Limited (VIPS) : Free Stock Analysis Report Airbnb, Inc. (ABNB) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Market Overview Wednesday, U.S. equities swung wildly in both directions but ultimately finished lower after the Federal Reserve hiked interest rates by 25 basis points. Industry Group Leaders Indexes such as the Russell 2000 and Nasdaq Composite are comprised of stocks that make up industry groups. Initially, the Nasdaq 100 ETF (QQQ) ripped higher by nearly 2% after Fed Chairman Jay Powell said that “we considered an interest rate pause” after the collapse of several regional banks.
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e57b7fbc-1c9c-43d6-bc43-bb2b90a73789
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720673.0
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2023-03-23 00:00:00 UTC
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Best Dividend Stock: Deer vs. Pepsi vs. Target vs. Procter & Gamble
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DE
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https://www.nasdaq.com/articles/best-dividend-stock%3A-deer-vs.-pepsi-vs.-target-vs.-procter-gamble
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nan
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nan
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Deer (NYSE: DE), PepsiCo (NASDAQ: PEP), Target (NYSE: TGT), and Procter & Gamble (NYSE: PG) are all excellent choices for dividend stock investors. However, this video will highlight the best out of these great dividend stocks to buy now.
*Stock prices used were the afternoon prices of March 20, 2023. The video was published on March 22, 2023.
10 stocks we like better than Deere
When our award-winning 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 Deere 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 8, 2023
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Target. The Motley Fool recommends Deere. The Motley Fool has a disclosure policy.
Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through fool.com/parkev, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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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 Deere wasn't one of them! Deer (NYSE: DE), PepsiCo (NASDAQ: PEP), Target (NYSE: TGT), and Procter & Gamble (NYSE: PG) are all excellent choices for dividend stock investors.
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After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. The Motley Fool recommends Deere. Deer (NYSE: DE), PepsiCo (NASDAQ: PEP), Target (NYSE: TGT), and Procter & Gamble (NYSE: PG) are all excellent choices for dividend stock investors.
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Deer (NYSE: DE), PepsiCo (NASDAQ: PEP), Target (NYSE: TGT), and Procter & Gamble (NYSE: PG) are all excellent choices for dividend stock investors. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. However, this video will highlight the best out of these great dividend stocks to buy now.
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* They just revealed what they believe are the ten best stocks for investors to buy right now... and Deere wasn't one of them! The Motley Fool recommends Deere. Deer (NYSE: DE), PepsiCo (NASDAQ: PEP), Target (NYSE: TGT), and Procter & Gamble (NYSE: PG) are all excellent choices for dividend stock investors.
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00835bbb-b5fa-4951-a4b0-79209a8e4f78
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720674.0
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2023-03-22 00:00:00 UTC
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Guru Fundamental Report for DE
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DE
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https://www.nasdaq.com/articles/guru-fundamental-report-for-de-2
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nan
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nan
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhibit characteristics associated with sustained future growth.
DEERE & COMPANY (DE) is a large-cap value stock in the Constr. & Agric. Machinery industry. The rating using this strategy is 88% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
BOOK/MARKET RATIO: PASS
RETURN ON ASSETS: PASS
CASH FLOW FROM OPERATIONS TO ASSETS: PASS
CASH FLOW FROM OPERATIONS TO ASSETS VS. RETURN ON ASSETS: PASS
RETURN ON ASSETS VARIANCE: PASS
SALES VARIANCE: PASS
ADVERTISING TO ASSETS: FAIL
CAPITAL EXPENDITURES TO ASSETS: PASS
RESEARCH AND DEVELOPMENT TO ASSETS: PASS
Detailed Analysis of DEERE & COMPANY
DE Guru Analysis
DE Fundamental Analysis
More Information on Partha Mohanram
Partha Mohanram Portfolio
About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Sometimes research that changes the investing world can come from the halls of academia. Partha Mohanram is a great example of this. While academic research has shown that value investing works over time, it has found the opposite for growth investing. Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. His research paper "Separating Winners from Losers among Low Book-to-Market Stocks using Financial Statement Analysis" looked at the criteria that can be used to separate growth stocks that continue their upward trajectory from those that don't. Mohanram is currently the John H. Watson Chair in Value Investing at the University of Toronto and was previously an Associate Professor at the Columbia Business School.
Additional Research Links
Factor-Based Stock Portfolios
Factor-Based ETF Portfolios
Harry Browne Permanent Portfolio
Ray Dalio All Weather Portfolio
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. 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. Below is Validea's guru fundamental report for DEERE & COMPANY (DE).
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing.
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Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Additional Research Links Factor-Based Stock Portfolios Factor-Based ETF Portfolios Harry Browne Permanent Portfolio Ray Dalio All Weather Portfolio About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends.
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing.
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88185c5e-96f1-4f4e-bc09-71e83ccb6e49
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720675.0
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2023-03-22 00:00:00 UTC
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General Electric (GE) Wins Gas Turbine Contract in Greece
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DE
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https://www.nasdaq.com/articles/general-electric-ge-wins-gas-turbine-contract-in-greece
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General Electric Company GE recently announced that it secured a deal from Greek Copelouzos Group’s Damco Energy S.A. (“DAMCO”) to supply power generation equipment for the latter’s 840 megawatts (MW) natural gas-fired power plant. The power plant will be constructed in Alexandroupolis, Greece.
Per the contract, General Electric will supply an engineered equipment package that includes a GE 9HA.02 gas turbine, an STF-D650 steam turbine, a W88 generator, a triple pressure with reheat Heat Recovery Steam Generator (HRSG) and Mark VIe Distributed Control System (DCS) software solution for the Alexandroupolis plant. Also, the deal includes a 14-year full-service contract. The plant will likely come online in 2026.
Alexandroupolis Electricity Production SA will finance, own, build and operate the power plant and Public Power Corporation S.A. and DEPA S.A. will have 51% and 29% share in the company, respectively. Alexandroupolis Electricity Production SA has selected DAMCO as the EPC contractor for the project.
Electricity generated from the new plant will boost Greece’s energy supply, develop the Alexandroupolis region and will support the country’s ongoing transition to renewable energy resources by balancing the intermittency of solar and wind generation.
GE is benefiting from the strong performance of the Aerospace segment. Continued recovery in the commercial market bodes well for the unit. Robust consumer demand is driving orders in the segment.
The Zacks Consensus Estimate for GE’s 2023 earnings per share is currently pegged at $1.97, suggesting a 24.8% decline from the year-ago reported figure. The same for 2024 stands at $3.89, indicating growth of 32.6% from the prior-year reported number.
Price Performance
Shares of General Electric have gained 41% compared with the industry’s 2.3% increase in the past six months.
Image Source: Zacks Investment Research
Zacks Rank and Stocks to Consider
GE currently carries a Zacks Rank #5 (Strong Sell). Some better-ranked companies are discussed below:
Deere & Company DE presently sports a Zacks Rank #1 (Strong Buy). DE’s earnings surprise in the last four quarters was 4.7%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.
In the past 60 days, estimates for Deere & Company’s fiscal 2023 earnings have increased 8.7%. The stock has rallied 16.3% in the past six months.
Alamo Group Inc. ALG presently sports a Zacks Rank of 1. ALG’s earnings surprise in the last four quarters was 6.0%, on average.
In the past 60 days, estimates for Alamo’s fiscal 2023 earnings have increased 7.5%. The stock has gained 46.6% in the past six months.
Allegion plc ALLE presently carries a Zacks Rank #2 (Buy). ALLE’s earnings surprise in the last four quarters was 10.3%, on average.
In the past 60 days, estimates for Allegion’s fiscal 2023 earnings have increased 4.1%. The stock has gained 18% in the past six months.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. 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
General Electric Company (GE) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
Alamo Group, Inc. (ALG) : Free Stock Analysis Report
Allegion PLC (ALLE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Per the contract, General Electric will supply an engineered equipment package that includes a GE 9HA.02 gas turbine, an STF-D650 steam turbine, a W88 generator, a triple pressure with reheat Heat Recovery Steam Generator (HRSG) and Mark VIe Distributed Control System (DCS) software solution for the Alexandroupolis plant. The Zacks Consensus Estimate for GE’s 2023 earnings per share is currently pegged at $1.97, suggesting a 24.8% decline from the year-ago reported figure. General Electric Company GE recently announced that it secured a deal from Greek Copelouzos Group’s Damco Energy S.A. (“DAMCO”) to supply power generation equipment for the latter’s 840 megawatts (MW) natural gas-fired power plant.
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Image Source: Zacks Investment Research Zacks Rank and Stocks to Consider GE currently carries a Zacks Rank #5 (Strong Sell). Deere & Company DE presently sports a Zacks Rank #1 (Strong Buy). Click to get this free report General Electric Company (GE) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Alamo Group, Inc. (ALG) : Free Stock Analysis Report Allegion PLC (ALLE) : Free Stock Analysis Report To read this article on Zacks.com click here.
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General Electric Company GE recently announced that it secured a deal from Greek Copelouzos Group’s Damco Energy S.A. (“DAMCO”) to supply power generation equipment for the latter’s 840 megawatts (MW) natural gas-fired power plant. Image Source: Zacks Investment Research Zacks Rank and Stocks to Consider GE currently carries a Zacks Rank #5 (Strong Sell). Click to get this free report General Electric Company (GE) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Alamo Group, Inc. (ALG) : Free Stock Analysis Report Allegion PLC (ALLE) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Image Source: Zacks Investment Research Zacks Rank and Stocks to Consider GE currently carries a Zacks Rank #5 (Strong Sell). In the past 60 days, estimates for Deere & Company’s fiscal 2023 earnings have increased 8.7%. Click to get this free report General Electric Company (GE) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Alamo Group, Inc. (ALG) : Free Stock Analysis Report Allegion PLC (ALLE) : Free Stock Analysis Report To read this article on Zacks.com click here.
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33777251-694a-4e93-9500-f7a05191fee3
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720676.0
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2023-03-21 00:00:00 UTC
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Noteworthy Tuesday Option Activity: UAL, EBAY, DE
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DE
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https://www.nasdaq.com/articles/noteworthy-tuesday-option-activity%3A-ual-ebay-de
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nan
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in United Airlines Holdings Inc (Symbol: UAL), where a total volume of 39,266 contracts has been traded thus far today, a contract volume which is representative of approximately 3.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 48.3% of UAL's average daily trading volume over the past month, of 8.1 million shares. Especially high volume was seen for the $55 strike call option expiring June 16, 2023, with 5,571 contracts trading so far today, representing approximately 557,100 underlying shares of UAL. Below is a chart showing UAL's trailing twelve month trading history, with the $55 strike highlighted in orange:
eBay Inc. (Symbol: EBAY) saw options trading volume of 29,410 contracts, representing approximately 2.9 million underlying shares or approximately 48.2% of EBAY's average daily trading volume over the past month, of 6.1 million shares. Particularly high volume was seen for the $50 strike call option expiring May 19, 2023, with 8,033 contracts trading so far today, representing approximately 803,300 underlying shares of EBAY. Below is a chart showing EBAY's trailing twelve month trading history, with the $50 strike highlighted in orange:
And Deere & Co. (Symbol: DE) options are showing a volume of 7,155 contracts thus far today. That number of contracts represents approximately 715,500 underlying shares, working out to a sizeable 46.4% of DE's average daily trading volume over the past month, of 1.5 million shares. Particularly high volume was seen for the $410 strike put option expiring March 31, 2023, with 328 contracts trading so far today, representing approximately 32,800 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $410 strike highlighted in orange:
For the various different available expirations for UAL options, EBAY options, or DE options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Institutional Holders of BIL
DFBG Split History
NWFL Split History
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $55 strike call option expiring June 16, 2023, with 5,571 contracts trading so far today, representing approximately 557,100 underlying shares of UAL. Particularly high volume was seen for the $50 strike call option expiring May 19, 2023, with 8,033 contracts trading so far today, representing approximately 803,300 underlying shares of EBAY. Particularly high volume was seen for the $410 strike put option expiring March 31, 2023, with 328 contracts trading so far today, representing approximately 32,800 underlying shares of DE.
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in United Airlines Holdings Inc (Symbol: UAL), where a total volume of 39,266 contracts has been traded thus far today, a contract volume which is representative of approximately 3.9 million underlying shares (given that every 1 contract represents 100 underlying shares). Below is a chart showing UAL's trailing twelve month trading history, with the $55 strike highlighted in orange: eBay Inc. (Symbol: EBAY) saw options trading volume of 29,410 contracts, representing approximately 2.9 million underlying shares or approximately 48.2% of EBAY's average daily trading volume over the past month, of 6.1 million shares. Below is a chart showing EBAY's trailing twelve month trading history, with the $50 strike highlighted in orange: And Deere & Co. (Symbol: DE) options are showing a volume of 7,155 contracts thus far today.
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in United Airlines Holdings Inc (Symbol: UAL), where a total volume of 39,266 contracts has been traded thus far today, a contract volume which is representative of approximately 3.9 million underlying shares (given that every 1 contract represents 100 underlying shares). Below is a chart showing UAL's trailing twelve month trading history, with the $55 strike highlighted in orange: eBay Inc. (Symbol: EBAY) saw options trading volume of 29,410 contracts, representing approximately 2.9 million underlying shares or approximately 48.2% of EBAY's average daily trading volume over the past month, of 6.1 million shares. Particularly high volume was seen for the $50 strike call option expiring May 19, 2023, with 8,033 contracts trading so far today, representing approximately 803,300 underlying shares of EBAY.
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Below is a chart showing UAL's trailing twelve month trading history, with the $55 strike highlighted in orange: eBay Inc. (Symbol: EBAY) saw options trading volume of 29,410 contracts, representing approximately 2.9 million underlying shares or approximately 48.2% of EBAY's average daily trading volume over the past month, of 6.1 million shares. Particularly high volume was seen for the $50 strike call option expiring May 19, 2023, with 8,033 contracts trading so far today, representing approximately 803,300 underlying shares of EBAY. Below is a chart showing DE's trailing twelve month trading history, with the $410 strike highlighted in orange: For the various different available expirations for UAL options, EBAY options, or DE options, visit StockOptionsChannel.com.
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af99ffd9-e684-4104-aadc-576a3ab56031
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720677.0
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2023-03-21 00:00:00 UTC
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ITT Signs 10-Year Strategic Agreement With Continental AG
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DE
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https://www.nasdaq.com/articles/itt-signs-10-year-strategic-agreement-with-continental-ag
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nan
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ITT Inc. ITT recently inked a 10-year strategic agreement with global automotive supplier Continental AG (Continental) to provide aftermarket brake pads. The agreement is likely to generate revenues exceeding $1 billion during the contract term.
Per the deal, ITT Friction Technologies (Friction) will supply aftermarket brake pads to Continental. Friction operates under ITT’s Motion Technologies segment, which generates more than 45% of the total company revenues. It manufactures aftermarket brake pads and original equipment brake pads for passenger cars and light commercial vehicles.
According to the three parts included in the agreement, ITT will produce ATE premium line brake pads for cars and light commercial vehicles. It also includes a brand licensing agreement that will allow Continental to market and sell brake pads from ITT brand Galfer and an exclusive agreement for manufacturing other Galfer braking products for cars and light commercial vehicles.
ITT Inc. Price
ITT Inc. price | ITT Inc. Quote
ITT and Continental have been partners for over 45 years in the automotive aftermarket. Under the existing aftermarket agreement, ITT’s 2022 sales to Continental were roughly 8% of its overall revenue and 18% of total Motion Technologies revenue. The new contract will take effect from Jan 1, 2024 (immediately after the expiration of the existing agreement) and will run through Dec 31, 2033.
Zacks Rank and Stocks to Consider
ITT currently carries a Zacks Rank #3 (Hold). Some better-ranked companies are discussed below:
Deere & Company DE presently sports a Zacks Rank #1 (Strong Buy). DE’s earnings surprise in the last four quarters was 4.7%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.
In the past 60 days, estimates for Deere & Company’s fiscal 2023 earnings have increased 8.7%. The stock has rallied 14% in the past six months.
Allegion plc ALLE presently carries a Zacks Rank #2 (Buy). ALLE’s earnings surprise in the last four quarters was 10.3%, on average.
In the past 60 days, Allegion’s earnings estimates have increased 4.1% for 2023. The stock has gained 16.7% in the past six months.
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
Deere & Company (DE) : Free Stock Analysis Report
ITT Inc. (ITT) : Free Stock Analysis Report
Allegion PLC (ALLE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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According to the three parts included in the agreement, ITT will produce ATE premium line brake pads for cars and light commercial vehicles. ITT Inc. ITT recently inked a 10-year strategic agreement with global automotive supplier Continental AG (Continental) to provide aftermarket brake pads. Per the deal, ITT Friction Technologies (Friction) will supply aftermarket brake pads to Continental.
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It also includes a brand licensing agreement that will allow Continental to market and sell brake pads from ITT brand Galfer and an exclusive agreement for manufacturing other Galfer braking products for cars and light commercial vehicles. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report ITT Inc. (ITT) : Free Stock Analysis Report Allegion PLC (ALLE) : Free Stock Analysis Report To read this article on Zacks.com click here. ITT Inc. ITT recently inked a 10-year strategic agreement with global automotive supplier Continental AG (Continental) to provide aftermarket brake pads.
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Zacks Rank and Stocks to Consider ITT currently carries a Zacks Rank #3 (Hold). Click to get this free report Deere & Company (DE) : Free Stock Analysis Report ITT Inc. (ITT) : Free Stock Analysis Report Allegion PLC (ALLE) : Free Stock Analysis Report To read this article on Zacks.com click here. ITT Inc. ITT recently inked a 10-year strategic agreement with global automotive supplier Continental AG (Continental) to provide aftermarket brake pads.
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Per the deal, ITT Friction Technologies (Friction) will supply aftermarket brake pads to Continental. Under the existing aftermarket agreement, ITT’s 2022 sales to Continental were roughly 8% of its overall revenue and 18% of total Motion Technologies revenue. ITT Inc. ITT recently inked a 10-year strategic agreement with global automotive supplier Continental AG (Continental) to provide aftermarket brake pads.
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bfa09903-f910-40cd-929b-39db0d05ec4f
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720678.0
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2023-03-21 00:00:00 UTC
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Stanley Black (SWK) to Discontinue Operations in Fort Worth
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DE
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https://www.nasdaq.com/articles/stanley-black-swk-to-discontinue-operations-in-fort-worth
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nan
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Stanley Black & Decker SWK announced plans to discontinue operations in Fort Worth, TX, as part of its business transformation efforts to optimize its footprint and better serve customers. The decision will affect 175 employees at the Texas facility.
As part of the business transformation strategy launched in 2022, SWK will also transfer its Cheraw, SC operations to the Tennessee facilities in Jackson and Gallatin. While this action will impact 182 employees in South Carolina, it will create 80 jobs in Tennessee.
The employees impacted by these actions will be given the option for employment at other Stanley Black facilities. They will also be provided with job placement support services.
Stanley Black & Decker, Inc. Price
Stanley Black & Decker, Inc. price | Stanley Black & Decker, Inc. Quote
SWK expects to deliver $2 billion of cost savings through its business transformation strategy. The company’s strategic business transformation actions will provide a more focused product portfolio and operational and service excellence.
The strategic efforts are expected to strengthen Stanley Black's core business, drive financial performance and promote investments to ensure sustainable future growth.
Stanley Black generated savings of $200 million in the second half of 2022 from its organizational changes and indirect cost savings. The company expects EBITDA to achieve a run rate of $1.5 billion in the latter half of 2023 from its transformational initiatives. It also expects to generate cost savings of $500 million from its supply chain transformation initiatives by the end of 2023 and $1.5 billion by 2025.
Stanley Black has lately been grappling with weakness in its Tools & Outdoor segment due to reduced retail and consumer demand as a result of interest rate hikes. The company anticipates a soft demand environment for 2023 with a decrease in new housing starts and remodel activity.
Zacks Rank & Key Picks
Stanley Black presently carries a Zacks Rank #5 (Strong Sell).
Some better-ranked stocks within the broader Industrial Products sector are as follows:
Deere & Company DE currently sports a Zacks Rank #1 (Strong Buy). The company pulled off a trailing four-quarter earnings surprise of 4.7%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.
Deere has an estimated earnings growth rate of 31% for the current fiscal year. The stock has gained 13% in the past six months.
Allegion plc ALLE currently carries a Zacks Rank #2 (Buy). The company pulled off a trailing four-quarter earnings surprise of 10.3%, on average.
Allegion has an estimated earnings growth rate of approximately 12% for the current year. The stock has rallied around 16.1% in the past six months.
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
Stanley Black & Decker, Inc. (SWK) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
Allegion PLC (ALLE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stanley Black & Decker SWK announced plans to discontinue operations in Fort Worth, TX, as part of its business transformation efforts to optimize its footprint and better serve customers. Stanley Black has lately been grappling with weakness in its Tools & Outdoor segment due to reduced retail and consumer demand as a result of interest rate hikes. The decision will affect 175 employees at the Texas facility.
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Stanley Black & Decker, Inc. Price Stanley Black & Decker, Inc. price | Stanley Black & Decker, Inc. Quote SWK expects to deliver $2 billion of cost savings through its business transformation strategy. Click to get this free report Stanley Black & Decker, Inc. (SWK) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Allegion PLC (ALLE) : Free Stock Analysis Report To read this article on Zacks.com click here. Stanley Black & Decker SWK announced plans to discontinue operations in Fort Worth, TX, as part of its business transformation efforts to optimize its footprint and better serve customers.
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Stanley Black & Decker, Inc. Price Stanley Black & Decker, Inc. price | Stanley Black & Decker, Inc. Quote SWK expects to deliver $2 billion of cost savings through its business transformation strategy. Click to get this free report Stanley Black & Decker, Inc. (SWK) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Allegion PLC (ALLE) : Free Stock Analysis Report To read this article on Zacks.com click here. Stanley Black & Decker SWK announced plans to discontinue operations in Fort Worth, TX, as part of its business transformation efforts to optimize its footprint and better serve customers.
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Stanley Black & Decker, Inc. Price Stanley Black & Decker, Inc. price | Stanley Black & Decker, Inc. Quote SWK expects to deliver $2 billion of cost savings through its business transformation strategy. The company’s strategic business transformation actions will provide a more focused product portfolio and operational and service excellence. Stanley Black & Decker SWK announced plans to discontinue operations in Fort Worth, TX, as part of its business transformation efforts to optimize its footprint and better serve customers.
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c43d92c7-8b79-4bd9-a8cd-81233e4dcdcc
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720679.0
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2023-03-20 00:00:00 UTC
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Here's Why You Must Hold on to Johnson Controls (JCI) Now
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DE
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https://www.nasdaq.com/articles/heres-why-you-must-hold-on-to-johnson-controls-jci-now
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nan
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nan
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Johnson Controls International JCI is backed by multiple tailwinds despite the impact of commodity cost inflation and supply chain disruptions.
This Zacks Rank #3 (Hold) company is benefiting from strength in the Building Solutions North America segment owing to growth in project-based business and continued improvement in HVAC & Controls. Segmental revenues increased 7.8% year over year in fiscal 2022.
In first-quarter fiscal 2023, revenues increased 10% year over year owing to growth in the Install business. Growth in a service-based business and Fire & Security drove a 2% increase in revenues at the Building Solutions Europe, Middle East, Africa/Latin America segment in the fiscal first quarter.
Johnson Controls’ bullish forecast for the fiscal second quarter and fiscal 2023 is encouraging. For the fiscal second quarter, Johnson Controls anticipates organic revenue growth of approximately 10% year over year. The company expects adjusted earnings of 72-74 cents per share, indicating a 15-18% rise year over year.
For fiscal 2023, the company anticipates organic revenue growth between high-single digits and low-double digits year over year. JCI predicts adjusted earnings of $3.30-$3.60 for fiscal 2023, reflecting an increase of 10-20% year over year.
Pricing actions support a healthy margin performance despite foreign exchange impacts. In the fiscal first quarter, JCI’s adjusted EBITA margin improved 140 basis points (bps) year over year to 13.7%. For the fiscal second quarter, the adjusted segment EBITA margin is expected to improve 100 to 110 bps year over year.
For fiscal 2023, the company expects the same to increase 90-120 bps, year over year. Cost-control initiatives are helping the company generate substantial productivity savings. In the fiscal first quarter, JCI generated productivity cost savings of $90 million. The company expects to achieve savings of $340 million in fiscal 2023.
Investments in digital offerings, like the OpenBlue digital platform, which plays an integral part in meeting customer needs, are expected to drive Johnson Controls’ growth. In fiscal 2022, Johnson Controls expanded its suite of digital services and offerings to include connected chillers, industrial refrigeration equipment, connected controls and BAS systems. Digital integration of OpenBlue with Johnson Controls' core building systems will optimize the performance of the full HVAC system.
Amid these positives, shares of Johnson Controls have gained 9% in the past six months.
Image Source: Zacks Investment Research
Key Picks
Some better-ranked stocks within the broader Industrial Products sector are as follows:
Deere & Company DE currently sports a Zacks Rank #1 (Strong Buy). The company pulled off a trailing four-quarter earnings surprise of 4.7%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.
Deere has an estimated earnings growth rate of 31% for the current fiscal year. The stock has gained 10.2% in the past six months.
Ingersoll Rand IR presently carries a Zacks Rank #2 (Buy). The company delivered a four-quarter earnings surprise of 8.5%, on average.
Ingersoll Rand has an estimated earnings growth rate of 4.7% for the current year. The stock has rallied approximately 14% in the past six months.
Allegion plc ALLE currently carries a Zacks Rank #2. The company pulled off a trailing four-quarter earnings surprise of 10.3%, on average.
Allegion has an estimated earnings growth rate of approximately 12% for the current year. The stock has rallied around 14% in the past six months.
This Little-Known Semiconductor Stock Could Be Your Portfolio’s Hedge Against Inflation
Everyone uses semiconductors. But only a small number of people know what they are and what they do. If you use a smartphone, computer, microwave, digital camera or refrigerator (and that’s just the tip of the iceberg), you have a need for semiconductors. That’s why their importance can’t be overstated and their disruption in the supply chain has such a global effect. But every cloud has a silver lining. Shockwaves to the international supply chain from the global pandemic have unearthed a tremendous opportunity for investors. And today, Zacks' leading stock strategist is revealing the one semiconductor stock that stands to gain the most in a new FREE report. It's yours at no cost and with no obligation.
>>Yes, I Want to Help Protect My Portfolio During the Recession
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Johnson Controls International plc (JCI) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
Ingersoll Rand Inc. (IR) : Free Stock Analysis Report
Allegion PLC (ALLE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Johnson Controls International JCI is backed by multiple tailwinds despite the impact of commodity cost inflation and supply chain disruptions. Pricing actions support a healthy margin performance despite foreign exchange impacts. In fiscal 2022, Johnson Controls expanded its suite of digital services and offerings to include connected chillers, industrial refrigeration equipment, connected controls and BAS systems.
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Click to get this free report Johnson Controls International plc (JCI) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report Allegion PLC (ALLE) : Free Stock Analysis Report To read this article on Zacks.com click here. Johnson Controls International JCI is backed by multiple tailwinds despite the impact of commodity cost inflation and supply chain disruptions. Pricing actions support a healthy margin performance despite foreign exchange impacts.
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Click to get this free report Johnson Controls International plc (JCI) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report Allegion PLC (ALLE) : Free Stock Analysis Report To read this article on Zacks.com click here. Johnson Controls International JCI is backed by multiple tailwinds despite the impact of commodity cost inflation and supply chain disruptions. Pricing actions support a healthy margin performance despite foreign exchange impacts.
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Johnson Controls International JCI is backed by multiple tailwinds despite the impact of commodity cost inflation and supply chain disruptions. Pricing actions support a healthy margin performance despite foreign exchange impacts. In fiscal 2022, Johnson Controls expanded its suite of digital services and offerings to include connected chillers, industrial refrigeration equipment, connected controls and BAS systems.
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24d36ae6-27e7-4c1a-8dc9-6d9dfbcf9521
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720680.0
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2023-03-19 00:00:00 UTC
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12-Stock Portfolio -- 25 Growth Stocks to Buy Now
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DE
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https://www.nasdaq.com/articles/12-stock-portfolio-25-growth-stocks-to-buy-now
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nan
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nan
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I've been investing in growth stocks for 25 years, but people often ask me which stocks I'd buy if I were starting a new growth stock portfolio today. The video below shares a total of 25 top stocks to buy now, including the 12 stocks I'd pick and 13 bonus picks. Here's my entire stock list!
*Stock prices used were the morning prices of March 18, 2023. The video was published on March 19, 2023.
Find out why Tesla is one of the 10 best stocks to buy now
Our award-winning analyst team has spent more than a decade beating the market. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed their ten top stock picks for investors to buy right now. Tesla is on the list -- but there are nine others you may be overlooking.
Click here to get access to the full list!
*Stock Advisor returns as of March 8, 2023
Eric Cuka has positions in Advanced Micro Devices, Block, Celsius, Cloudflare, CrowdStrike, Deere, Indie Semiconductor, MercadoLibre, Microsoft, Nike, Nvidia, Rocket Lab Usa, Snowflake, SoFi Technologies, Stem, Tesla, Tractor Supply, Trade Desk, UnitedHealth Group, and Wingstop. The Motley Fool has positions in and recommends Advanced Micro Devices, Axon Enterprise, Block, Celsius, Cloudflare, CrowdStrike, Intuitive Surgical, MercadoLibre, Microsoft, Nike, Nvidia, Snowflake, Stem, Tesla, Trade Desk, Vertex Pharmaceuticals, and Wingstop. The Motley Fool recommends Deere, Enphase Energy, Moderna, Rocket Lab Usa, Tractor Supply, and UnitedHealth Group and recommends the following options: long January 2025 $47.50 calls on Nike. The Motley Fool has a disclosure policy.
Eric Cuka is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Find out why Tesla is one of the 10 best stocks to buy now Our award-winning analyst team has spent more than a decade beating the market. *Stock Advisor returns as of March 8, 2023 Eric Cuka has positions in Advanced Micro Devices, Block, Celsius, Cloudflare, CrowdStrike, Deere, Indie Semiconductor, MercadoLibre, Microsoft, Nike, Nvidia, Rocket Lab Usa, Snowflake, SoFi Technologies, Stem, Tesla, Tractor Supply, Trade Desk, UnitedHealth Group, and Wingstop. The Motley Fool has positions in and recommends Advanced Micro Devices, Axon Enterprise, Block, Celsius, Cloudflare, CrowdStrike, Intuitive Surgical, MercadoLibre, Microsoft, Nike, Nvidia, Snowflake, Stem, Tesla, Trade Desk, Vertex Pharmaceuticals, and Wingstop.
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*Stock Advisor returns as of March 8, 2023 Eric Cuka has positions in Advanced Micro Devices, Block, Celsius, Cloudflare, CrowdStrike, Deere, Indie Semiconductor, MercadoLibre, Microsoft, Nike, Nvidia, Rocket Lab Usa, Snowflake, SoFi Technologies, Stem, Tesla, Tractor Supply, Trade Desk, UnitedHealth Group, and Wingstop. The Motley Fool has positions in and recommends Advanced Micro Devices, Axon Enterprise, Block, Celsius, Cloudflare, CrowdStrike, Intuitive Surgical, MercadoLibre, Microsoft, Nike, Nvidia, Snowflake, Stem, Tesla, Trade Desk, Vertex Pharmaceuticals, and Wingstop. The Motley Fool recommends Deere, Enphase Energy, Moderna, Rocket Lab Usa, Tractor Supply, and UnitedHealth Group and recommends the following options: long January 2025 $47.50 calls on Nike.
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The video below shares a total of 25 top stocks to buy now, including the 12 stocks I'd pick and 13 bonus picks. *Stock Advisor returns as of March 8, 2023 Eric Cuka has positions in Advanced Micro Devices, Block, Celsius, Cloudflare, CrowdStrike, Deere, Indie Semiconductor, MercadoLibre, Microsoft, Nike, Nvidia, Rocket Lab Usa, Snowflake, SoFi Technologies, Stem, Tesla, Tractor Supply, Trade Desk, UnitedHealth Group, and Wingstop. The video was published on March 19, 2023.
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The video below shares a total of 25 top stocks to buy now, including the 12 stocks I'd pick and 13 bonus picks. The video was published on March 19, 2023. *Stock Advisor returns as of March 8, 2023 Eric Cuka has positions in Advanced Micro Devices, Block, Celsius, Cloudflare, CrowdStrike, Deere, Indie Semiconductor, MercadoLibre, Microsoft, Nike, Nvidia, Rocket Lab Usa, Snowflake, SoFi Technologies, Stem, Tesla, Tractor Supply, Trade Desk, UnitedHealth Group, and Wingstop.
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ba12409d-5c05-4f1b-be96-2767a7ff4d3f
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720681.0
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2023-03-18 00:00:00 UTC
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Guru Fundamental Report for DE
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DE
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https://www.nasdaq.com/articles/guru-fundamental-report-for-de-1
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nan
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nan
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhibit characteristics associated with sustained future growth.
DEERE & COMPANY (DE) is a large-cap value stock in the Constr. & Agric. Machinery industry. The rating using this strategy is 88% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
BOOK/MARKET RATIO: PASS
RETURN ON ASSETS: PASS
CASH FLOW FROM OPERATIONS TO ASSETS: PASS
CASH FLOW FROM OPERATIONS TO ASSETS VS. RETURN ON ASSETS: PASS
RETURN ON ASSETS VARIANCE: PASS
SALES VARIANCE: PASS
ADVERTISING TO ASSETS: FAIL
CAPITAL EXPENDITURES TO ASSETS: PASS
RESEARCH AND DEVELOPMENT TO ASSETS: PASS
Detailed Analysis of DEERE & COMPANY
DE Guru Analysis
DE Fundamental Analysis
More Information on Partha Mohanram
Partha Mohanram Portfolio
About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Sometimes research that changes the investing world can come from the halls of academia. Partha Mohanram is a great example of this. While academic research has shown that value investing works over time, it has found the opposite for growth investing. Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. His research paper "Separating Winners from Losers among Low Book-to-Market Stocks using Financial Statement Analysis" looked at the criteria that can be used to separate growth stocks that continue their upward trajectory from those that don't. Mohanram is currently the John H. Watson Chair in Value Investing at the University of Toronto and was previously an Associate Professor at the Columbia Business School.
Additional Research Links
Factor-Based Stock Portfolios
Factor-Based ETF Portfolios
Harry Browne Permanent Portfolio
Ray Dalio All Weather Portfolio
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. 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. Below is Validea's guru fundamental report for DEERE & COMPANY (DE).
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing.
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Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Additional Research Links Factor-Based Stock Portfolios Factor-Based ETF Portfolios Harry Browne Permanent Portfolio Ray Dalio All Weather Portfolio About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends.
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing.
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54a7fb52-d554-48f2-b25c-e7e6c9207465
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720682.0
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2023-03-17 00:00:00 UTC
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Stanley Black (SWK) Introduces CONTROL-LOCK Tape Measures
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DE
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https://www.nasdaq.com/articles/stanley-black-swk-introduces-control-lock-tape-measures
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nan
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Stanley Black & Decker, Inc. SWK recently launched CONTROL-LOCK tape designed for reach, strength and measuring control. These tapes are suitable for professional use.
The CONTROL-LOCK tapes are lightweight, compact and have an appropriate design for optimum comfort and usability. Its integrated finger brake ensures enhanced blade control while measuring and retracting. The tapes range from 12 feet to 30 feet and have a pro-grade performance blade having one inch width and protective rubber over-molded casing. Its BladeArmor coating, treated to the first three inch, provides durability and abrasion resistance to the tapes. The tapes are sold in recyclable packaging to reduce single-use plastic from the packaging style.
"As the leading tapes manufacturer, we know that professionals demand tapes they can trust. That is why we are consistently innovating STANLEY tapes to enhance the user experience," said Peter Gabriele, Group Product Manager of Tapes at Stanley Black & Decker. "STANLEY CONTROL-LOCK™ tapes are engineered to strike the perfect balance between size, performance and comfort - empowering tradespeople to tackle any job with confidence and ease."
Stanley Black & Decker, Inc. Price
Stanley Black & Decker, Inc. price | Stanley Black & Decker, Inc. Quote
Zacks Rank and Stocks to Consider
SWK currently carries a Zacks Rank #5 (Strong Sell). Some better-ranked companies from the Industrial Products sector are discussed below:
Deere & Company DE presently sports a Zacks Rank #1 (Strong Buy). DE’s earnings surprise in the last four quarters was 4.7%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.
In the past 60 days, estimates for Deere & Company’s fiscal 2023 earnings have increased 8.7%. The stock has rallied 7.8% in the past six months.
Ingersoll Rand Inc. IR presently carries a Zacks Rank #2 (Buy). IR’s earnings surprise in the last four quarters was 8.5%, on average.
In the past 60 days, estimates for Ingersoll Rand’s fiscal 2023 earnings have increased 1.7%. The stock has gained 10.5% in the past six months.
Allegion plc ALLE presently carries a Zacks Rank of 2. ALLE’s earnings surprise in the last four quarters was 10.3%, on average.
In the past 60 days, Allegion’s earnings estimates have increased 4.1% for 2023. The stock has gained 15.2% in the past six months.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Stanley Black & Decker, Inc. (SWK) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
Ingersoll Rand Inc. (IR) : Free Stock Analysis Report
Allegion PLC (ALLE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stanley Black & Decker, Inc. SWK recently launched CONTROL-LOCK tape designed for reach, strength and measuring control. "STANLEY CONTROL-LOCK™ tapes are engineered to strike the perfect balance between size, performance and comfort - empowering tradespeople to tackle any job with confidence and ease." With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Stanley Black & Decker, Inc. SWK recently launched CONTROL-LOCK tape designed for reach, strength and measuring control. Stanley Black & Decker, Inc. Price Stanley Black & Decker, Inc. price | Stanley Black & Decker, Inc. Quote Zacks Rank and Stocks to Consider SWK currently carries a Zacks Rank #5 (Strong Sell). Click to get this free report Stanley Black & Decker, Inc. (SWK) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report Allegion PLC (ALLE) : Free Stock Analysis Report To read this article on Zacks.com click here.
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That is why we are consistently innovating STANLEY tapes to enhance the user experience," said Peter Gabriele, Group Product Manager of Tapes at Stanley Black & Decker. Stanley Black & Decker, Inc. Price Stanley Black & Decker, Inc. price | Stanley Black & Decker, Inc. Quote Zacks Rank and Stocks to Consider SWK currently carries a Zacks Rank #5 (Strong Sell). Click to get this free report Stanley Black & Decker, Inc. (SWK) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report Allegion PLC (ALLE) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Stanley Black & Decker, Inc. SWK recently launched CONTROL-LOCK tape designed for reach, strength and measuring control. Stanley Black & Decker, Inc. Price Stanley Black & Decker, Inc. price | Stanley Black & Decker, Inc. Quote Zacks Rank and Stocks to Consider SWK currently carries a Zacks Rank #5 (Strong Sell). The CONTROL-LOCK tapes are lightweight, compact and have an appropriate design for optimum comfort and usability.
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36fe1acc-fba0-4837-b58f-8f0102c7b733
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720683.0
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2023-03-17 00:00:00 UTC
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ABB Invests $20M to Expand Robotics Facility in Auburn Hills
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DE
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https://www.nasdaq.com/articles/abb-invests-%2420m-to-expand-robotics-facility-in-auburn-hills
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nan
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nan
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ABB Ltd ABB is investing $20 million to increase production at its existing North American robotics headquarters and manufacturing facility in Auburn Hills, MI. The project, expected to be completed in November 2023, will create several new jobs in Michigan.
ABB has already invested $14 billion in the United States since 2010. The latest investment will benefit customers in the Americas, especially those in the electric vehicles, healthcare, packaging and logistics sectors. The expansion will cater to the increased demand for automation from several U.S. businesses looking to bring production closer to home.
Featuring the most advanced technology with AI-enabled robots and smart digital manufacturing systems, the expanded facility at Auburn Hills will support the production and manufacture of superior customer solutions.
ABB Ltd Price
ABB Ltd price | ABB Ltd Quote
John Bubnikovich, president of ABB United States Robotics Division, said, “Almost every aspect of the site will be upgraded to enrich our efforts to attract, retain and nurture the best automation talent, while creating a US manufacturing hub and headquarters befitting of a global leader in automation.”
By implementing the latest digital and automation technologies to manufacture next-generation robots in the United States, the investment will help streamline the delivery process and reduce lead times. The expanded facility in Auburn Hills will soon start making the majority of the robots for customers in the United States, Canada, Mexico and South America. Tasks such as screw driving, assembling and material handling will be taken over by AI-powered robotic systems.
Zacks Rank & Other Key Picks
ABB currently carries a Zacks Rank #2 (Buy). Some other top-ranked stocks within the broader Industrial Products sector are as follows:
Deere & Company DE currently sports a Zacks Rank #1 (Strong Buy). The company pulled off a trailing four-quarter earnings surprise of 4.7%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.
Deere has an estimated earnings growth rate of 31% for the current fiscal year. The stock has gained 7.8% in the past six months.
Ingersoll Rand IR presently carries a Zacks Rank #2. The company delivered a four-quarter earnings surprise of 8.5%, on average.
Ingersoll Rand has an estimated earnings growth rate of approximately 3% for the current year. The stock has rallied 10% in the past six months.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE) : Free Stock Analysis Report
ABB Ltd (ABB) : Free Stock Analysis Report
Ingersoll Rand Inc. (IR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By implementing the latest digital and automation technologies to manufacture next-generation robots in the United States, the investment will help streamline the delivery process and reduce lead times. The expanded facility in Auburn Hills will soon start making the majority of the robots for customers in the United States, Canada, Mexico and South America. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Featuring the most advanced technology with AI-enabled robots and smart digital manufacturing systems, the expanded facility at Auburn Hills will support the production and manufacture of superior customer solutions. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report ABB Ltd (ABB) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report To read this article on Zacks.com click here. The expansion will cater to the increased demand for automation from several U.S. businesses looking to bring production closer to home.
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ABB Ltd Price ABB Ltd price | ABB Ltd Quote John Bubnikovich, president of ABB United States Robotics Division, said, “Almost every aspect of the site will be upgraded to enrich our efforts to attract, retain and nurture the best automation talent, while creating a US manufacturing hub and headquarters befitting of a global leader in automation.” Click to get this free report Deere & Company (DE) : Free Stock Analysis Report ABB Ltd (ABB) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report To read this article on Zacks.com click here. The expansion will cater to the increased demand for automation from several U.S. businesses looking to bring production closer to home.
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The expansion will cater to the increased demand for automation from several U.S. businesses looking to bring production closer to home. Featuring the most advanced technology with AI-enabled robots and smart digital manufacturing systems, the expanded facility at Auburn Hills will support the production and manufacture of superior customer solutions. ABB Ltd Price ABB Ltd price | ABB Ltd Quote John Bubnikovich, president of ABB United States Robotics Division, said, “Almost every aspect of the site will be upgraded to enrich our efforts to attract, retain and nurture the best automation talent, while creating a US manufacturing hub and headquarters befitting of a global leader in automation.”
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3a3b089a-b66a-41fe-b8b9-1e111cf80168
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720684.0
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2023-03-17 00:00:00 UTC
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Here is What to Know Beyond Why Deere & Company (DE) is a Trending Stock
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DE
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https://www.nasdaq.com/articles/here-is-what-to-know-beyond-why-deere-company-de-is-a-trending-stock-1
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nan
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nan
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Deere (DE) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Over the past month, shares of this agricultural equipment manufacturer have returned -2.9%, compared to the Zacks S&P 500 composite's -3% change. During this period, the Zacks Manufacturing - Farm Equipment industry, which Deere falls in, has lost 3.6%. The key question now is: What could be the stock's future direction?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Revisions to Earnings Estimates
Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Deere is expected to post earnings of $8.49 per share for the current quarter, representing a year-over-year change of +24.7%. Over the last 30 days, the Zacks Consensus Estimate has changed +4.7%.
For the current fiscal year, the consensus earnings estimate of $30.47 points to a change of +30.9% from the prior year. Over the last 30 days, this estimate has changed +8.9%.
For the next fiscal year, the consensus earnings estimate of $31.53 indicates a change of +3.5% from what Deere is expected to report a year ago. Over the past month, the estimate has changed +7.5%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #1 (Strong Buy) for Deere.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth Forecast
Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
For Deere, the consensus sales estimate for the current quarter of $14.77 billion indicates a year-over-year change of +22.7%. For the current and next fiscal years, $54.49 billion and $55.1 billion estimates indicate +13.7% and +1.1% changes, respectively.
Last Reported Results and Surprise History
Deere reported revenues of $11.4 billion in the last reported quarter, representing a year-over-year change of +33.7%. EPS of $6.55 for the same period compares with $2.92 a year ago.
Compared to the Zacks Consensus Estimate of $11.31 billion, the reported revenues represent a surprise of +0.84%. The EPS surprise was +18.44%.
Over the last four quarters, Deere surpassed consensus EPS estimates three times. The company topped consensus revenue estimates three times over this period.
Valuation
Without considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Deere is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom Line
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Deere. However, its Zacks Rank #1 does suggest that it may outperform the broader market in the near term.
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Deere & Company (DE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. Bottom Line The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Deere. Deere (DE) is one of the stocks most watched by Zacks.com visitors lately.
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Last Reported Results and Surprise History Deere reported revenues of $11.4 billion in the last reported quarter, representing a year-over-year change of +33.7%. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects. Deere (DE) is one of the stocks most watched by Zacks.com visitors lately.
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The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #1 (Strong Buy) for Deere. Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is. Deere (DE) is one of the stocks most watched by Zacks.com visitors lately.
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The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #1 (Strong Buy) for Deere. Deere (DE) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
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9413e18d-4492-408d-8142-1c8dfcce7ec8
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720685.0
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2023-03-17 00:00:00 UTC
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Zacks.com featured highlights include Deere & Company, Tecnoglass and Thermon
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https://www.nasdaq.com/articles/zacks.com-featured-highlights-include-deere-company-tecnoglass-and-thermon
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For Immediate Release
Chicago, IL – March 17, 2023 – Stocks in this week’s article are Deere & Company DE, Tecnoglass TGLS and Thermon THR.
3 Must-Buy Efficient Stocks to Boost Your Portfolio Returns
A company with a favorable efficiency level is expected to provide stellar returns as it is believed to be positively correlated with price performance. Efficiency level measures a company's capability to transform available input into output and is often considered an important parameter for gauging a company's potential to make profits.
However, at times, it becomes difficult to measure the efficiency level of a company. This is why one must consider popular efficiency ratios while selecting stocks. These efficiency ratios are:
Operating Margin: This efficiency measure is the ratio of operating income over the past 12 months to sales over the same period. It measures a company's ability to control operating expenses. Hence, a high value of the ratio may indicate that the company manages its operating expenses more efficiently than its peers.
Inventory Turnover: The ratio of the 12-month cost of goods sold (COGS) to a four-quarter average inventory is considered one of the most popular efficiency ratios. It indicates a company's ability to maintain a suitable inventory position. While a high value indicates that the company has a relatively low level of inventory compared to COGS, a low value indicates that the company is facing declining sales, which have resulted in excess inventory.
Receivables Turnover: This is the ratio of 12-month sales to four-quarter average receivables. It shows a company's potential to extend its credit and collect debt in terms of that credit. A high receivables turnover ratio or the "accounts receivable turnover ratio" or "debtor's turnover ratio" is desirable as it shows that the company is capable of collecting its accounts receivables or that it has quality customers.
Asset Utilization: This ratio indicates a company's capability to convert assets into output and is thus a widely known measure of efficiency level. It is calculated by dividing total sales over the past 12 months by the last four-quarter average of total assets. Like the above ratios, high asset utilization may indicate that a company is efficient.
Here are the top three stocks that made it through the screen:
Deere & Company is the world's largest producer of agricultural equipment. Deere has an average four-quarter positive earnings surprise of 4.7%.
Tecnoglass is engaged in manufacturing and selling architectural glass and windows, and aluminum products for the residential and commercial construction industries. Tecnoglass has an average four-quarter positive earnings surprise of 21.5%.
Thermon is engaged in providing engineered thermal solutions, known as heat tracing, for process industries, including energy, chemical processing, and power generation. Thermon has an average four-quarter positive earnings surprise of 77.5%.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/2066562/3-must-buy-efficient-stocks-to-boost-your-portfolio-returns
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.
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Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
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.
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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."
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE) : Free Stock Analysis Report
Thermon Group Holdings, Inc. (THR) : Free Stock Analysis Report
Tecnoglass Inc. (TGLS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For Immediate Release Chicago, IL – March 17, 2023 – Stocks in this week’s article are Deere & Company DE, Tecnoglass TGLS and Thermon THR. Tecnoglass is engaged in manufacturing and selling architectural glass and windows, and aluminum products for the residential and commercial construction industries. 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.
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A high receivables turnover ratio or the "accounts receivable turnover ratio" or "debtor's turnover ratio" is desirable as it shows that the company is capable of collecting its accounts receivables or that it has quality customers. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Thermon Group Holdings, Inc. (THR) : Free Stock Analysis Report Tecnoglass Inc. (TGLS) : Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL – March 17, 2023 – Stocks in this week’s article are Deere & Company DE, Tecnoglass TGLS and Thermon THR.
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3 Must-Buy Efficient Stocks to Boost Your Portfolio Returns A company with a favorable efficiency level is expected to provide stellar returns as it is believed to be positively correlated with price performance. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Thermon Group Holdings, Inc. (THR) : Free Stock Analysis Report Tecnoglass Inc. (TGLS) : Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL – March 17, 2023 – Stocks in this week’s article are Deere & Company DE, Tecnoglass TGLS and Thermon THR.
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For Immediate Release Chicago, IL – March 17, 2023 – Stocks in this week’s article are Deere & Company DE, Tecnoglass TGLS and Thermon THR. 3 Must-Buy Efficient Stocks to Boost Your Portfolio Returns A company with a favorable efficiency level is expected to provide stellar returns as it is believed to be positively correlated with price performance. Efficiency level measures a company's capability to transform available input into output and is often considered an important parameter for gauging a company's potential to make profits.
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a44dba20-b90e-465d-b307-057c1a03b88e
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720686.0
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2023-03-16 00:00:00 UTC
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Zebra Technologies (ZBRA) Partners With Ivanti Wavelink
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https://www.nasdaq.com/articles/zebra-technologies-zbra-partners-with-ivanti-wavelink
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Zebra Technologies ZBRA has partnered with Ivanti Wavelink, the supply chain unit of Ivanti, to increase productivity and throughput while freeing workers to focus on high-value tasks. As part of this partnership, ZBRA will integrate Ivanti Wavelink and Zebra autonomous mobile robots (AMRs) in warehouse and manufacturing facilities.
By integrating Ivanti Wavelink’s Velocity platform for voice direction with Zebra’s line of Fetch AMRs, the collaboration will help customers streamline complex workflows associated with material movement. With the AMRs handling heavy lifting tasks, manual material handling can be reduced by nearly 50%, thus increasing productivity, streamlining workflows and improving safety.
With the help of the Velocity platform, Zebra AMRs are directed to complete steps in workflows, resulting in high value in tasks where material movement and transport are needed. Customers can get visibility on the task each robot is working on and the disruptions they face.
Zebra Technologies Corporation Price
Zebra Technologies Corporation price | Zebra Technologies Corporation Quote
Jim Lawton, general manager and vice president of Robotics Automation, Zebra Technologies, said, "Integrating Ivanti Wavelink’s Velocity platform with our Fetch AMRs brings the kind of sophistication customers are looking for – in this case, integrating voice commands with AMRs, so work gets done quickly, correctly and without friction."
Zacks Rank & Key Picks
Zebra Technologies currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks within the broader Industrial Products sector are as follows:
Deere & Company DE currently sports a Zacks Rank #1 (Strong Buy). The company pulled off a trailing four-quarter earnings surprise of 4.7%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.
Deere has an estimated earnings growth rate of 31% for the current fiscal year. The stock has gained 10.2% in the past six months.
Ingersoll Rand IR presently carries a Zacks Rank #2 (Buy). The company delivered a four-quarter earnings surprise of 8.5%, on average.
Ingersoll Rand has an estimated earnings growth rate of approximately 3% for the current year. The stock has rallied 12.2% in the past six months.
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The world is increasingly focused on eliminating fossil fuels and ramping up use of renewable, clean energy sources. Hydrogen fuel cells, powered by the most abundant substance in the universe, could provide an unlimited amount of ultra-clean energy for multiple industries.
Our urgent special report reveals 4 hydrogen stocks primed for big gains - plus our other top clean energy stocks.
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
Deere & Company (DE) : Free Stock Analysis Report
Ingersoll Rand Inc. (IR) : Free Stock Analysis Report
Zebra Technologies Corporation (ZBRA) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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With the help of the Velocity platform, Zebra AMRs are directed to complete steps in workflows, resulting in high value in tasks where material movement and transport are needed. Zebra Technologies Corporation Price Zebra Technologies Corporation price | Zebra Technologies Corporation Quote Jim Lawton, general manager and vice president of Robotics Automation, Zebra Technologies, said, "Integrating Ivanti Wavelink’s Velocity platform with our Fetch AMRs brings the kind of sophistication customers are looking for – in this case, integrating voice commands with AMRs, so work gets done quickly, correctly and without friction." Some better-ranked stocks within the broader Industrial Products sector are as follows:
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Zebra Technologies Corporation Price Zebra Technologies Corporation price | Zebra Technologies Corporation Quote Jim Lawton, general manager and vice president of Robotics Automation, Zebra Technologies, said, "Integrating Ivanti Wavelink’s Velocity platform with our Fetch AMRs brings the kind of sophistication customers are looking for – in this case, integrating voice commands with AMRs, so work gets done quickly, correctly and without friction." Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report Zebra Technologies Corporation (ZBRA) : Free Stock Analysis Report To read this article on Zacks.com click here. With the help of the Velocity platform, Zebra AMRs are directed to complete steps in workflows, resulting in high value in tasks where material movement and transport are needed.
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Zebra Technologies Corporation Price Zebra Technologies Corporation price | Zebra Technologies Corporation Quote Jim Lawton, general manager and vice president of Robotics Automation, Zebra Technologies, said, "Integrating Ivanti Wavelink’s Velocity platform with our Fetch AMRs brings the kind of sophistication customers are looking for – in this case, integrating voice commands with AMRs, so work gets done quickly, correctly and without friction." Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report Zebra Technologies Corporation (ZBRA) : Free Stock Analysis Report To read this article on Zacks.com click here. With the help of the Velocity platform, Zebra AMRs are directed to complete steps in workflows, resulting in high value in tasks where material movement and transport are needed.
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Zebra Technologies Corporation Price Zebra Technologies Corporation price | Zebra Technologies Corporation Quote Jim Lawton, general manager and vice president of Robotics Automation, Zebra Technologies, said, "Integrating Ivanti Wavelink’s Velocity platform with our Fetch AMRs brings the kind of sophistication customers are looking for – in this case, integrating voice commands with AMRs, so work gets done quickly, correctly and without friction." With the help of the Velocity platform, Zebra AMRs are directed to complete steps in workflows, resulting in high value in tasks where material movement and transport are needed. Some better-ranked stocks within the broader Industrial Products sector are as follows:
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03a38375-1a4b-4751-909f-767e168639de
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720687.0
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2023-03-16 00:00:00 UTC
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Berry Global (BERY) Introduces Water Drainable Building Wrap
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https://www.nasdaq.com/articles/berry-global-bery-introduces-water-drainable-building-wrap
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Berry Global Group, Inc. BERY recently unveiled TYPAR DrainableWrap, its first drainable building wrap made to protect multi-story buildings from the elements and to manage excess moisture. The company aims to increase its line of high-performance building wraps with the launch of this product.
DrainableWrap Commercial comes in 5′ by 150′ rolls and is suitable for buildings of four stories and beyond. It provides UV protection and tear strength required for commercial job sites, offers a protective solution for excess moisture and works rapidly in comparison with other ordinary house wraps due to TYPAR’s patented melt shot technology. This advanced technology puts on layers of fibers to build a drainage gap to channel bulk water and wind-driven rain away from the building.
This product can be fixed along with the TYPAR Weather Protection System, which includes the brand’s high-performance house wraps, accessories and tapes. This setup is capable of balancing water and air holdout with the required level of moisture vapor transmission. It also improves the structure’s performance. The TYPAR Weather Protection System, when installed together, is offered with a lifetime limited warranty in the industry including materials and labor.
Berry Global Group, Inc. Price
Berry Global Group, Inc. price | Berry Global Group, Inc. Quote
Zacks Rank and Stocks to Consider
BERY currently carries a Zacks Rank #3 (Hold). Some better-ranked companies from the Industrial Products sector are discussed below:
Deere & Company DE presently sports a Zacks Rank #1 (Strong Buy). DE’s earnings surprise in the last four quarters was 4.7%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.
In the past 60 days, estimates for Deere & Company’s fiscal 2023 earnings have increased 8.7%. The stock has rallied 10.2% in the past six months.
Ingersoll Rand Inc. IR presently carries a Zacks Rank #2 (Buy). IR’s earnings surprise in the last four quarters was 8.5%, on average.
In the past 60 days, estimates for Ingersoll Rand’s fiscal 2023 earnings have increased 1.7%. The stock has gained 12.2% in the past six months.
Allegion plc ALLE presently carries a Zacks Rank of 2. ALLE’s earnings surprise in the last four quarters was 10.3%, on average.
In the past 60 days, Allegion’s earnings estimates have increased 4.1% for 2023. The stock has gained 15.8% in the past six months.
Is THIS the Ultimate New Clean Energy Source? (4 Ways to Profit)
The world is increasingly focused on eliminating fossil fuels and ramping up use of renewable, clean energy sources. Hydrogen fuel cells, powered by the most abundant substance in the universe, could provide an unlimited amount of ultra-clean energy for multiple industries.
Our urgent special report reveals 4 hydrogen stocks primed for big gains - plus our other top clean energy stocks.
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
Deere & Company (DE) : Free Stock Analysis Report
Ingersoll Rand Inc. (IR) : Free Stock Analysis Report
Berry Global Group, Inc. (BERY) : Free Stock Analysis Report
Allegion PLC (ALLE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This product can be fixed along with the TYPAR Weather Protection System, which includes the brand’s high-performance house wraps, accessories and tapes. Hydrogen fuel cells, powered by the most abundant substance in the universe, could provide an unlimited amount of ultra-clean energy for multiple industries. Berry Global Group, Inc. BERY recently unveiled TYPAR DrainableWrap, its first drainable building wrap made to protect multi-story buildings from the elements and to manage excess moisture.
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Berry Global Group, Inc. Price Berry Global Group, Inc. price | Berry Global Group, Inc. Quote Zacks Rank and Stocks to Consider BERY currently carries a Zacks Rank #3 (Hold). Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report Berry Global Group, Inc. (BERY) : Free Stock Analysis Report Allegion PLC (ALLE) : Free Stock Analysis Report To read this article on Zacks.com click here. Berry Global Group, Inc. BERY recently unveiled TYPAR DrainableWrap, its first drainable building wrap made to protect multi-story buildings from the elements and to manage excess moisture.
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Berry Global Group, Inc. BERY recently unveiled TYPAR DrainableWrap, its first drainable building wrap made to protect multi-story buildings from the elements and to manage excess moisture. Berry Global Group, Inc. Price Berry Global Group, Inc. price | Berry Global Group, Inc. Quote Zacks Rank and Stocks to Consider BERY currently carries a Zacks Rank #3 (Hold). Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report Berry Global Group, Inc. (BERY) : Free Stock Analysis Report Allegion PLC (ALLE) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Berry Global Group, Inc. BERY recently unveiled TYPAR DrainableWrap, its first drainable building wrap made to protect multi-story buildings from the elements and to manage excess moisture. It provides UV protection and tear strength required for commercial job sites, offers a protective solution for excess moisture and works rapidly in comparison with other ordinary house wraps due to TYPAR’s patented melt shot technology. This product can be fixed along with the TYPAR Weather Protection System, which includes the brand’s high-performance house wraps, accessories and tapes.
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0357364c-61b0-4c7c-abdf-4f569824478a
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720688.0
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2023-03-16 00:00:00 UTC
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ABB Shares Up 17% in 6 Months: What's Driving the Stock?
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https://www.nasdaq.com/articles/abb-shares-up-17-in-6-months%3A-whats-driving-the-stock
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Shares of ABB Ltd ABB have gained 16.8% in the past six months, outperforming the industry’s 9.8% increase. Healthy demand environment across most segments and pricing actions are driving the company’s performance.
Image Source: Zacks Investment Research
Catalysts Behind the Price Surge
Amid a healthy demand environment, growth across segments is expected to have driven shares of ABB. Stable demand across most customer segments and strength in the Flow business is aiding the Electrification segment. Continued volume recovery in both the short cycle and systems-related businesses is driving the Motion segment’s performance. The acquisitions of PowerTech Converter and Siemens' low voltage NEMA motor business are expected to fortify the segment’s performance.
With easing component shortages, a recovery in volumes is supporting growth of ABB’s Robotics & Discrete Automation unit. Robust customer activity in the marine & ports, mining and refining and renewables markets bodes well for the Process Automation segment. For the first quarter of 2023, ABB anticipates double-digit comparable revenue growth. For 2023, it expects comparable revenue growth to be more than 5%.
Handsome rewards to shareholders through dividends and share buybacks are likely to have boosted ABB’s shares. In 2022, ABB paid out dividends worth $1,698 million. The company bought back over 80 million shares in the period.
ABB’s portfolio reshaping actions are driving its growth. The company’s acquisition of a majority stake in InCharge Energy (January 2022) enhanced its E-mobility business by expanding its customer base and boosting its fleet electrification software and digital services offering in North America.
Besides acquiring complementary businesses, ABB is divesting non-core operations to boost profits. In December 2022, the company sold its remaining 19.9% equity stake (80.1% of the stake was divested in 2020) in the Hitachi Energy joint venture to Hitachi, Ltd. ABB has realized a net positive cash inflow of approximately $1.425 billion in the fourth quarter of 2022 as part of the divestment. The divestment allows the company to focus more on key market trends and customer needs of electrification of transport and industry, automated manufacturing, digital solutions and increased sustainable productivity.
In October 2022, ABB completed the spin-off of its turbocharging unit, Accelleron. The spin-off is part of the company’s portfolio management strategy and helped it to focus on growing global megatrends in electrification and automation.
Zacks Rank & Other Key Picks
ABB currently carries a Zacks Rank #2 (Buy). Some other top-ranked stocks within the broader Industrial Products sector are as follows:
Deere & Company DE currently sports a Zacks Rank #1 (Strong Buy). The company pulled off a trailing four-quarter earnings surprise of 4.7%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.
Deere has an estimated earnings growth rate of 31% for the current fiscal year. The stock has gained 10.2% in the past six months.
Ingersoll Rand IR presently carries a Zacks Rank #2. The company delivered a four-quarter earnings surprise of 8.5%, on average.
Ingersoll Rand has an estimated earnings growth rate of approximately 3% for the current year. The stock has rallied 12.2% in the past six months.
Is THIS the Ultimate New Clean Energy Source? (4 Ways to Profit)
The world is increasingly focused on eliminating fossil fuels and ramping up use of renewable, clean energy sources. Hydrogen fuel cells, powered by the most abundant substance in the universe, could provide an unlimited amount of ultra-clean energy for multiple industries.
Our urgent special report reveals 4 hydrogen stocks primed for big gains - plus our other top clean energy stocks.
See Stocks Now
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Deere & Company (DE) : Free Stock Analysis Report
ABB Ltd (ABB) : Free Stock Analysis Report
Ingersoll Rand Inc. (IR) : Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Image Source: Zacks Investment Research Catalysts Behind the Price Surge Amid a healthy demand environment, growth across segments is expected to have driven shares of ABB. Healthy demand environment across most segments and pricing actions are driving the company’s performance. Stable demand across most customer segments and strength in the Flow business is aiding the Electrification segment.
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Image Source: Zacks Investment Research Catalysts Behind the Price Surge Amid a healthy demand environment, growth across segments is expected to have driven shares of ABB. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report ABB Ltd (ABB) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report To read this article on Zacks.com click here. Healthy demand environment across most segments and pricing actions are driving the company’s performance.
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Image Source: Zacks Investment Research Catalysts Behind the Price Surge Amid a healthy demand environment, growth across segments is expected to have driven shares of ABB. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report ABB Ltd (ABB) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report To read this article on Zacks.com click here. Healthy demand environment across most segments and pricing actions are driving the company’s performance.
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Image Source: Zacks Investment Research Catalysts Behind the Price Surge Amid a healthy demand environment, growth across segments is expected to have driven shares of ABB. Healthy demand environment across most segments and pricing actions are driving the company’s performance. Stable demand across most customer segments and strength in the Flow business is aiding the Electrification segment.
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b4186e60-14fd-43ce-b3cb-81910ed1a322
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720689.0
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2023-03-15 00:00:00 UTC
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Tesla hit with 'right to repair' antitrust class actions
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DE
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https://www.nasdaq.com/articles/tesla-hit-with-right-to-repair-antitrust-class-actions
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By Mike Scarcella
March 15 (Reuters) - Tesla Inc TSLA.O has been sued in a pair of proposed antitrust class actions accusing the company of unlawfully curbing competition for maintenance and replacement parts for its electric vehicles, forcing owners to pay more and wait longer for repair services.
The lawsuits, filed on Tuesday and Wednesday in federal court in San Francisco, allege that Tesla designed its electric vehicles, warranties and repair policies to discourage owners and lessees from using independent shops outside of Tesla's control.
"Tesla needs to open up its ecosystem and allow competition for the servicing of Tesla [vehicles] and sales of parts," said plaintiffs lawyer Matthew Ruan of Freed Kanner London & Millen, who filed one of the proposed class actions.
A representative from Austin, Texas-based Tesla did not immediately respond to messages seeking comment. Tesla defense counsel have not yet made an appearance in the cases.
The proposed class in both cases would include anyone who has paid Tesla for repairs or parts since March 2019.
Each complaint was filed on behalf of a California resident, and neither lawsuit specified a damages amount. Ruan said the potential class includes hundreds of thousands of Tesla owners and lessees, so damages could total hundreds of millions of dollars.
Lawyers from McCune Law Group, which filed a similar class action complaint on Wednesday, did not immediately respond to messages seeking comment.
Tesla, the world's most valuable automaker, recorded revenue of $24.32 billion for the fourth quarter. The company delivered 405,278 vehicles in the quarter.
Tesla joins other major vehicle makers facing "right to repair" antitrust litigation over alleged exclusionary conduct.
A group of cases against Harley-Davidson Motor Co Group LLC HOG.N were recently consolidated in Wisconsin federal court, and Deere & Co DE.N, the world's largest farm equipment maker, is defending against allegations in federal district court in Chicago. Both companies have denied claims.
The U.S. Federal Trade Commission in 2021 issued a policy statement that said the agency would make it a priority to address manufacturer restrictions on repairs and parts.
Tesla's alleged restraints on service and repair, according to the new lawsuits, caused "exorbitant wait times" for drivers who otherwise would have gone to an independent repair shop.
The lawsuits call for Tesla's repair services and parts monopoly to be "dismantled" and for the company to be ordered to make its repair manuals and diagnostic tools "available to individuals and independent repair shops at a reasonable cost."
The cases are Virginia Lambrix v Tesla Inc, U.S. District Court, Northern District of California, No. 3:23-cv-01145; and Robert Orendian v. Tesla, No. 3:23-cv-01157.
Read more:
Harley-Davidson hit with class actions over 'right to repair' restrictions
U.S. FTC settles with Weber grills over 'right to repair'
FTC votes to make 'right to repair' a priority, drops 1995 merger policy
(Reporting by Mike Scarcella)
((Mike.Scarcella@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The U.S. Federal Trade Commission in 2021 issued a policy statement that said the agency would make it a priority to address manufacturer restrictions on repairs and parts. The lawsuits, filed on Tuesday and Wednesday in federal court in San Francisco, allege that Tesla designed its electric vehicles, warranties and repair policies to discourage owners and lessees from using independent shops outside of Tesla's control. Tesla defense counsel have not yet made an appearance in the cases.
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The lawsuits, filed on Tuesday and Wednesday in federal court in San Francisco, allege that Tesla designed its electric vehicles, warranties and repair policies to discourage owners and lessees from using independent shops outside of Tesla's control. Tesla defense counsel have not yet made an appearance in the cases. The proposed class in both cases would include anyone who has paid Tesla for repairs or parts since March 2019.
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The lawsuits, filed on Tuesday and Wednesday in federal court in San Francisco, allege that Tesla designed its electric vehicles, warranties and repair policies to discourage owners and lessees from using independent shops outside of Tesla's control. The lawsuits call for Tesla's repair services and parts monopoly to be "dismantled" and for the company to be ordered to make its repair manuals and diagnostic tools "available to individuals and independent repair shops at a reasonable cost." Tesla defense counsel have not yet made an appearance in the cases.
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The lawsuits, filed on Tuesday and Wednesday in federal court in San Francisco, allege that Tesla designed its electric vehicles, warranties and repair policies to discourage owners and lessees from using independent shops outside of Tesla's control. The company delivered 405,278 vehicles in the quarter. Tesla defense counsel have not yet made an appearance in the cases.
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28c95a29-9799-45aa-85fc-9ef582472185
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720690.0
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2023-03-15 00:00:00 UTC
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Here's Why You Should Give Illinois Tool (ITW) a Shot Now
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DE
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https://www.nasdaq.com/articles/heres-why-you-should-give-illinois-tool-itw-a-shot-now
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nan
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nan
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Illinois Tool Works ITW is benefiting from strong demand across most of its businesses. Strong organic growth in North America, Europe and China is boosting revenues in the Automotive OEM (Original Equipment Manufacturer) segment. The Food Equipment unit is aided by growth across both North America and International operations.
Strength in the capital equipment business bodes well for Illinois Tool’s Test & Measurement and Electronics segment. Solid industrial business bodes well for the Welding segment. Continued strength in industrial applications and automotive aftermarket construction are supporting growth of the Polymers & Fluids segment.
This Zacks Rank #2 (Buy) company expects organic growth of 3-5% for 2023. For 2023, the company expects revenues of $16.2-$16.5 billion. The midpoint of the guided range of $16.35 million implies a 2.8% jump from the 2022 figure of $15.9 billion.
Illinois Tool’s commitment to rewarding shareholders through dividends and share buybacks are encouraging. In August 2022, the company hiked its dividend by 7% to $1.31 per share. In the fourth quarter of 2022, the company paid a dividend of $1.31 per share, representing an increase of 7% from the year-ago period. The company bought back shares of $500 million in the same period.
In 2023, Illinois Tool expects to repurchase $1.5 billion worth of shares. Strong free cash flow generation capacity supports the company’s shareholder-friendly activities. Free cash flow was $655 million in the fourth quarter. The conversion rate was 72%. The company expects a free cash flow to net income conversion rate of 100% for 2023.
Illinois Tool aims to acquire businesses/assets to expand its product offerings, geographical reach, technological expertise and customer base. In December 2021, the company acquired the test and simulation business of MTS Systems Corporation. The buyout strengthened Illinois Tool’s operations in the Test & Measurement and Electronics segment.
In addition to enhancing its product offerings and technical abilities, the acquisition expanded the company’s footprint in various end markets. In fourth-quarter 2022, the MTS buyout boosted the company’s sales by 1% year over year.
Amid the abovementioned tailwinds, shares of Illinois Tool have gained 20.6% in the past six months, outperforming the industry’s 14.2% increase.
Image Source: Zacks Investment Research
Other Key Picks
Some other top-ranked stocks within the broader Industrial Products sector are as follows:
Deere & Company DE currently sports a Zacks Rank #1 (Strong Buy). The company pulled off a trailing four-quarter earnings surprise of 4.7%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.
Deere has an estimated earnings growth rate of 31% for the current fiscal year. The stock has gained 13.5% in the past six months.
Ingersoll Rand IR presently carries a Zacks Rank #2. The company delivered a four-quarter earnings surprise of 8.5%, on average.
Ingersoll Rand has an estimated earnings growth rate of approximately 3% for the current year. The stock has rallied approximately 18% in the past six months.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. 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
Illinois Tool Works Inc. (ITW) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
Ingersoll Rand Inc. (IR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Image Source: Zacks Investment Research Other Key Picks Some other top-ranked stocks within the broader Industrial Products sector are as follows: Illinois Tool Works ITW is benefiting from strong demand across most of its businesses. The Food Equipment unit is aided by growth across both North America and International operations.
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Deere & Company DE currently sports a Zacks Rank #1 (Strong Buy). Click to get this free report Illinois Tool Works Inc. (ITW) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report To read this article on Zacks.com click here. Illinois Tool Works ITW is benefiting from strong demand across most of its businesses.
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Click to get this free report Illinois Tool Works Inc. (ITW) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report To read this article on Zacks.com click here. Illinois Tool Works ITW is benefiting from strong demand across most of its businesses. The Food Equipment unit is aided by growth across both North America and International operations.
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Strength in the capital equipment business bodes well for Illinois Tool’s Test & Measurement and Electronics segment. Click to get this free report Illinois Tool Works Inc. (ITW) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report To read this article on Zacks.com click here. Illinois Tool Works ITW is benefiting from strong demand across most of its businesses.
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e880cf5e-b019-4965-b248-7313abe30d25
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720691.0
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2023-03-15 00:00:00 UTC
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2 Inflation-Fighting Stocks to Buy on the Dip
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DE
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https://www.nasdaq.com/articles/2-inflation-fighting-stocks-to-buy-on-the-dip
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Recent market volatility centered around the financial sector has spilled over to the broader market jeopardizing this year’s gains among the S&P 500.
With inflation remaining high quite a few stocks that have acted defensively against rising rates are becoming more attractive.
Here are two such stocks that investors may want to consider as they appear to be strong buy-the-dip candidates.
Deere & Company (DE)
Down -9% in March, the selloff in Deere & Company’s stock is starting to look like a buying opportunity as earnings estimate revisions continued to rise over the last 30 days.
Deere stock sports a Zacks Rank #1 (Strong Buy) at the moment with earnings estimates rising 9% for fiscal 2023 and 8% for FY24 throughout the quarter.
Image Source: Zacks Investment Research
The agricultural equipment manufacturer remains an industry leader and continues to stand out among the Industrial Products sector with many of these equities providing a hedge against inflation over the last year.
This could certainly continue with Deere’s earnings expected to soar 31% this year to $30.47 per share compared to $23.28 in 2022. Furthermore, the recent pullback in DE shares makes the company’s valuation very intruiging at 13.2X forward earnings which is 58% below its decade high of 31.8X and a 20% discount to the median of 16.6X.
Plus, Deere stock is still up +225% over the last three years to largely outperform the S&P 500’s +64% and top the Machinery-Farm Markets +211%.
Image Source: Zacks Investment Research
Nucor (NUE)
Also sporting a Zacks Rank #1 (Strong Buy) is steel producer Nucor which largely outperformed the broader market during the peak of inflationary concerns in correlation with higher commodity prices.
Nucor stock is still up +10% year to date but has drifted lower over the last few trading sessions. Despite short-term weakness in the broader market, Nucor’s earnings estimate revisions have continued to soar throughout the quarter.
Fiscal 2023 earnings estimates have soared 23% and FY24 estimates have jumped 14% as Nucor continues to stick out among the Basic Materials sector.
Image Source: Zacks Investment Research
This is also a great sign as Nucor's earnings are forecasted to drop -51% in FY23 to $14.12 per share after a very exceptional year with EPS at $28.79 in 2022. However, Nucor’s valuation also stands out at the moment at 11X forward earnings and 73% below its decade high of 41.4X while offering a 26% discount to the median of 15X.
More impressive, Nucor stock is still up a very stellar +373% over the last three years to crush the benchmark and beat the Steel-Producers Markets +250%.
Image Source: Zacks Investment Research
Bottom Line
The rising earnings estimate revisions make Deere and Nucor stock prime candidates to buy on the dip and their strong performances could continue as the recent market volatility subsides. Mild corrections can also be healthy for the long-term upward movement in quality stocks and shares of DE and NUE have proven this over the last three years.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. 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
Nucor Corporation (NUE) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Furthermore, the recent pullback in DE shares makes the company’s valuation very intruiging at 13.2X forward earnings which is 58% below its decade high of 31.8X and a 20% discount to the median of 16.6X. Image Source: Zacks Investment Research Bottom Line The rising earnings estimate revisions make Deere and Nucor stock prime candidates to buy on the dip and their strong performances could continue as the recent market volatility subsides. Recent market volatility centered around the financial sector has spilled over to the broader market jeopardizing this year’s gains among the S&P 500.
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Image Source: Zacks Investment Research Nucor (NUE) Also sporting a Zacks Rank #1 (Strong Buy) is steel producer Nucor which largely outperformed the broader market during the peak of inflationary concerns in correlation with higher commodity prices. Image Source: Zacks Investment Research Bottom Line The rising earnings estimate revisions make Deere and Nucor stock prime candidates to buy on the dip and their strong performances could continue as the recent market volatility subsides. Click to get this free report Nucor Corporation (NUE) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Image Source: Zacks Investment Research Nucor (NUE) Also sporting a Zacks Rank #1 (Strong Buy) is steel producer Nucor which largely outperformed the broader market during the peak of inflationary concerns in correlation with higher commodity prices. Image Source: Zacks Investment Research Bottom Line The rising earnings estimate revisions make Deere and Nucor stock prime candidates to buy on the dip and their strong performances could continue as the recent market volatility subsides. Click to get this free report Nucor Corporation (NUE) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Deere & Company (DE) Down -9% in March, the selloff in Deere & Company’s stock is starting to look like a buying opportunity as earnings estimate revisions continued to rise over the last 30 days. Deere stock sports a Zacks Rank #1 (Strong Buy) at the moment with earnings estimates rising 9% for fiscal 2023 and 8% for FY24 throughout the quarter. Image Source: Zacks Investment Research Bottom Line The rising earnings estimate revisions make Deere and Nucor stock prime candidates to buy on the dip and their strong performances could continue as the recent market volatility subsides.
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a0378533-ed03-441f-a5eb-38768d63a920
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720692.0
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2023-03-15 00:00:00 UTC
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Honeywell (HON) Appoints 34-Year Veteran Vimal Kapur as New CEO
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DE
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https://www.nasdaq.com/articles/honeywell-hon-appoints-34-year-veteran-vimal-kapur-as-new-ceo
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nan
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nan
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Honeywell International HON announced that company veteran and current president and chief operating officer, Vimal Kapur, will succeed Darius Adamczyk as the new chief executive officer ("CEO"), effective Jun 1.
Effective Mar 13, Kapur has also been appointed to HON’s board of directors. He has 34 years of experience working across various business models, industries, regions and business cycles across Honeywell.
Kapur was named the president and chief operating officer of Honeywell last July. As COO, he oversaw the Honeywell Accelerator program, which uses certain frameworks and toolkits to improve end-to-end processes, digital transformation and business outcomes. As CEO, Kapur will focus on “the incorporation of Accelerator and standardization of global business models to enable maximal performance in each business segment."
Honeywell International Inc. Price
Honeywell International Inc. price | Honeywell International Inc. Quote
Meanwhile, Adamczyk became CEO in 2017 and chairman in 2018. He will continue to serve as Honeywell’s executive chairman. Under his leadership, HON’s market capitalization grew from $88 billion to $145 billion, reflecting a 9% CAGR. As executive chairman, Adamczyk will focus on supporting customer relationships, business development, enterprise strategic planning, shaping the portfolio and global government relations.
Honeywell has been benefiting from continued growth in commercial aviation owing to strength in long-cycle businesses. Strong commercial aftermarket demand owing to a recovery in commercial flight hours is aiding HON’s Aerospace segment. However, softness in volumes due to supply-chain constraints, particularly related to the availability of semiconductors, has been a drag on its operations. Weakness in Safety and Productivity Solutions due to lower personal protective equipment and warehouse automation volume is an added concern for the company.
Zacks Rank & Key Picks
Honeywell carries a Zacks Rank #3 (Hold).
Here are some better-ranked stocks for your consideration:
Deere & Company DE currently sports a Zacks Rank #1 (Strong Buy). The company pulled off a trailing four-quarter earnings surprise of 4.7%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.
Deere has an estimated earnings growth rate of 31% for the current fiscal year. The stock has gained 13.5% in the past six months.
Ingersoll Rand IR presently carries a Zacks Rank #2 (Buy). The company delivered a four-quarter earnings surprise of 8.5%, on average.
Ingersoll Rand has an estimated earnings growth rate of approximately 3% for the current year. The stock has rallied approximately 18% in the past six months.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. 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
Honeywell International Inc. (HON) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
Ingersoll Rand Inc. (IR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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As executive chairman, Adamczyk will focus on supporting customer relationships, business development, enterprise strategic planning, shaping the portfolio and global government relations. Weakness in Safety and Productivity Solutions due to lower personal protective equipment and warehouse automation volume is an added concern for the company. Honeywell International HON announced that company veteran and current president and chief operating officer, Vimal Kapur, will succeed Darius Adamczyk as the new chief executive officer ("CEO"), effective Jun 1.
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Honeywell International HON announced that company veteran and current president and chief operating officer, Vimal Kapur, will succeed Darius Adamczyk as the new chief executive officer ("CEO"), effective Jun 1. Click to get this free report Honeywell International Inc. (HON) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report To read this article on Zacks.com click here. He has 34 years of experience working across various business models, industries, regions and business cycles across Honeywell.
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Honeywell International HON announced that company veteran and current president and chief operating officer, Vimal Kapur, will succeed Darius Adamczyk as the new chief executive officer ("CEO"), effective Jun 1. Click to get this free report Honeywell International Inc. (HON) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report To read this article on Zacks.com click here. He has 34 years of experience working across various business models, industries, regions and business cycles across Honeywell.
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Honeywell International HON announced that company veteran and current president and chief operating officer, Vimal Kapur, will succeed Darius Adamczyk as the new chief executive officer ("CEO"), effective Jun 1. He has 34 years of experience working across various business models, industries, regions and business cycles across Honeywell. Kapur was named the president and chief operating officer of Honeywell last July.
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4b33ccee-7396-4d0d-b285-62c9eb894e02
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720693.0
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2023-03-15 00:00:00 UTC
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Guru Fundamental Report for DE
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DE
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https://www.nasdaq.com/articles/guru-fundamental-report-for-de-0
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nan
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhibit characteristics associated with sustained future growth.
DEERE & COMPANY (DE) is a large-cap value stock in the Constr. & Agric. Machinery industry. The rating using this strategy is 88% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
BOOK/MARKET RATIO: PASS
RETURN ON ASSETS: PASS
CASH FLOW FROM OPERATIONS TO ASSETS: PASS
CASH FLOW FROM OPERATIONS TO ASSETS VS. RETURN ON ASSETS: PASS
RETURN ON ASSETS VARIANCE: PASS
SALES VARIANCE: PASS
ADVERTISING TO ASSETS: FAIL
CAPITAL EXPENDITURES TO ASSETS: PASS
RESEARCH AND DEVELOPMENT TO ASSETS: PASS
Detailed Analysis of DEERE & COMPANY
DE Guru Analysis
DE Fundamental Analysis
More Information on Partha Mohanram
Partha Mohanram Portfolio
About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Sometimes research that changes the investing world can come from the halls of academia. Partha Mohanram is a great example of this. While academic research has shown that value investing works over time, it has found the opposite for growth investing. Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. His research paper "Separating Winners from Losers among Low Book-to-Market Stocks using Financial Statement Analysis" looked at the criteria that can be used to separate growth stocks that continue their upward trajectory from those that don't. Mohanram is currently the John H. Watson Chair in Value Investing at the University of Toronto and was previously an Associate Professor at the Columbia Business School.
Additional Research Links
Factor-Based Stock Portfolios
Factor-Based ETF Portfolios
Harry Browne Permanent Portfolio
Ray Dalio All Weather Portfolio
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. 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. Below is Validea's guru fundamental report for DEERE & COMPANY (DE).
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing.
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Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Additional Research Links Factor-Based Stock Portfolios Factor-Based ETF Portfolios Harry Browne Permanent Portfolio Ray Dalio All Weather Portfolio About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends.
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing.
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e13f20ff-9e0c-4c4c-8167-4966cb6d492b
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720694.0
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2023-03-15 00:00:00 UTC
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Kennametal (KMT) Stock Holds Promise Despite Cost Headwinds
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DE
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https://www.nasdaq.com/articles/kennametal-kmt-stock-holds-promise-despite-cost-headwinds
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nan
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Kennametal Inc. KMT is benefiting from innovation capabilities, solid product offerings, commercial and operational excellence and a wide geographical presence. In addition, the company’s diversified customer base in various end markets enables it to avoid customer concentration risks. It expects sales of $520-$530 million, driven by continued growth in energy, aerospace, general engineering and earthworks in third-quarter fiscal 2023 (ending March 2023). The midpoint of the guided range of $525 million implies a 2.5% jump from the fiscal third-quarter 2022 figure of $512 million.
Kennametal’s Metal Cutting segment is benefiting from strength in its general engineering, transportation, aerospace and energy end markets. Also, its strong pricing actions along with improvements in customer service and labor and material productivity bode well. Strength in energy, earthworks and general engineering end markets as well as continued focus on operational excellence initiatives is supporting the Infrastructure segment’s revenues.
The company’s efforts to reward its shareholders through dividend payments and share repurchases are noteworthy. In fiscal 2022 (ended June 2022) and in the first six months of fiscal 2023 (ended December 2023), dividend distribution to its shareholders totaled $67 million and $32.4 million, respectively. It bought back shares for $85 million in fiscal 2022 and $30.1 million in the first six months of fiscal 2023. Also, in July 2021, the company’s board of directors approved a share buyback worth $200 million.
However, Kennametal is facing challenges related to the supply chain and cost woes. In the first six months of fiscal 2023, the company’s cost of sales increased 5% year over year. In second-quarter fiscal 2023, operating income suffered a $12-million blow due to headwinds from higher raw material costs. Supply-chain restrictions, mainly related to chip availability, are expected to continue impacting the transportation market in the quarters ahead.
The company has operations in the EMEA region as well as across the Americas and the Asia Pacific, which exposes it to risks arising from unfavorable movement in foreign currencies and geopolitical issues. Forex woes had an adverse impact of 8% on Kennametal’s sales in the fiscal second quarter.
In the past six months, this currently Zacks Rank #3 (Hold) stock has surged 31% compared with the industry’s 11.2% increase.
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked companies from the Industrial Products sector are discussed below:
Deere & Company DE presently sports a Zacks Rank #1 (Strong Buy). DE’s earnings surprise in the last four quarters was 4.7%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.
In the past 60 days, estimates for Deere & Company’s fiscal 2023 earnings estimates have increased 8.7%. The stock has rallied 12.1% in the past six months.
Ingersoll Rand Inc. IR presently carries a Zacks Rank #2 (Buy). IR’s earnings surprise in the last four quarters was 8.5%, on average.
In the past 60 days, estimates for Ingersoll Rand’s fiscal 2023 earnings have increased 1.7%. The stock has gained 13% in the past six months.
AGCO Corporation AGCO presently has a Zacks Rank of 2. AGCO’s earnings surprise in the last four quarters was 13.4%, on average.
In the past 60 days, estimates for AGCO’s fiscal 2023 earnings have increased 2.1%. The stock has rallied 19.7% in the past six months.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. 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
Deere & Company (DE) : Free Stock Analysis Report
AGCO Corporation (AGCO) : Free Stock Analysis Report
Ingersoll Rand Inc. (IR) : Free Stock Analysis Report
Kennametal Inc. (KMT) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Kennametal Inc. KMT is benefiting from innovation capabilities, solid product offerings, commercial and operational excellence and a wide geographical presence. The midpoint of the guided range of $525 million implies a 2.5% jump from the fiscal third-quarter 2022 figure of $512 million. Also, its strong pricing actions along with improvements in customer service and labor and material productivity bode well.
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In the past 60 days, estimates for Deere & Company’s fiscal 2023 earnings estimates have increased 8.7%. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report AGCO Corporation (AGCO) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report Kennametal Inc. (KMT) : Free Stock Analysis Report To read this article on Zacks.com click here. Kennametal Inc. KMT is benefiting from innovation capabilities, solid product offerings, commercial and operational excellence and a wide geographical presence.
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In fiscal 2022 (ended June 2022) and in the first six months of fiscal 2023 (ended December 2023), dividend distribution to its shareholders totaled $67 million and $32.4 million, respectively. In the past 60 days, estimates for Deere & Company’s fiscal 2023 earnings estimates have increased 8.7%. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report AGCO Corporation (AGCO) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report Kennametal Inc. (KMT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Kennametal Inc. KMT is benefiting from innovation capabilities, solid product offerings, commercial and operational excellence and a wide geographical presence. The midpoint of the guided range of $525 million implies a 2.5% jump from the fiscal third-quarter 2022 figure of $512 million. Also, its strong pricing actions along with improvements in customer service and labor and material productivity bode well.
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3c8be23a-0919-46bf-8bc1-bffd820b45c1
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720695.0
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2023-03-15 00:00:00 UTC
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Emerson (EMR) Selected as Automation Partner by Lodestone
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https://www.nasdaq.com/articles/emerson-emr-selected-as-automation-partner-by-lodestone
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Emerson Electric Co. EMR has been selected by solar energy company Lodestone Energy to provide advanced automation solutions to New Zealand's first large-scale solar photovoltaic power project.
Solar PV transforms sunlight directly into electricity and is one of the fastest-growing renewable energy sources. It needs accurate orchestration and multiple interfaces to third-party systems, which include high-voltage switchboards, inverters, site security systems, weather stations and grid authority remote terminal units to produce and supply solar PV power. EMR’s leading automation architecture data will merge its control software and technologies with enterprise data solutions to build a control solution to boost output and profitability as well as to manage grid stability.
Per the deal, Lodestone will leverage EMR’s Ovation distributed control system and OCR3000 controller to provide comprehensive control to curtail variability and intermittency impact in solar PV power generation. Using this technology, operators will be able to quickly respond to grid frequency events. It will also help them in monitoring solar PV operations from the control room or mobile devices, measuring, monitoring and reporting key performance indicators to maximize the visibility of plant operations.
Emerson Electric Co. Price
Emerson Electric Co. price | Emerson Electric Co. Quote
Emerson will assist Lodestone in completing its two 23-megawatt sites at Kaitaia and Edgecumbe. This project is a vital step toward supporting New Zealand's goal of achieving carbon neutrality by 2050.
Zacks Rank and Stocks to Consider
EMR currently carries a Zacks Rank #3 (Hold). Some better-ranked companies from the Industrial Products sector are discussed below:
Deere & Company DE presently sports a Zacks Rank #1 (Strong Buy). DE’s earnings surprise in the last four quarters was 4.7%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.
In the past 60 days, estimates for Deere & Company’s fiscal 2023 earnings have increased 8.7%. The stock has rallied 12.1% in the past six months.
Ingersoll Rand Inc. IR presently carries a Zacks Rank #2 (Buy). IR’s earnings surprise in the last four quarters was 8.5%, on average.
In the past 60 days, estimates for Ingersoll Rand’s fiscal 2023 earnings have increased 1.7%. The stock has gained 13% in the past six months.
AGCO Corporation AGCO presently has a Zacks Rank of 2. AGCO’s earnings surprise in the last four quarters was 13.4%, on average.
In the past 60 days, estimates for AGCO’s fiscal 2023 earnings have increased 2.1%. The stock has rallied 19.7% in the past six months.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. 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
Emerson Electric Co. (EMR) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
AGCO Corporation (AGCO) : Free Stock Analysis Report
Ingersoll Rand Inc. (IR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It needs accurate orchestration and multiple interfaces to third-party systems, which include high-voltage switchboards, inverters, site security systems, weather stations and grid authority remote terminal units to produce and supply solar PV power. 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. Emerson Electric Co. EMR has been selected by solar energy company Lodestone Energy to provide advanced automation solutions to New Zealand's first large-scale solar photovoltaic power project.
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Emerson Electric Co. EMR has been selected by solar energy company Lodestone Energy to provide advanced automation solutions to New Zealand's first large-scale solar photovoltaic power project. Emerson Electric Co. Price Emerson Electric Co. price | Emerson Electric Co. Quote Emerson will assist Lodestone in completing its two 23-megawatt sites at Kaitaia and Edgecumbe. Click to get this free report Emerson Electric Co. (EMR) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report AGCO Corporation (AGCO) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Emerson Electric Co. EMR has been selected by solar energy company Lodestone Energy to provide advanced automation solutions to New Zealand's first large-scale solar photovoltaic power project. Zacks Rank and Stocks to Consider EMR currently carries a Zacks Rank #3 (Hold). Click to get this free report Emerson Electric Co. (EMR) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report AGCO Corporation (AGCO) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Emerson Electric Co. EMR has been selected by solar energy company Lodestone Energy to provide advanced automation solutions to New Zealand's first large-scale solar photovoltaic power project. It needs accurate orchestration and multiple interfaces to third-party systems, which include high-voltage switchboards, inverters, site security systems, weather stations and grid authority remote terminal units to produce and supply solar PV power. Per the deal, Lodestone will leverage EMR’s Ovation distributed control system and OCR3000 controller to provide comprehensive control to curtail variability and intermittency impact in solar PV power generation.
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e45f6713-ae52-4ee0-8f16-be0c38a0f307
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720696.0
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2023-03-14 00:00:00 UTC
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Here's Why EnerSys (ENS) Shares Are Up Over 28% in 6 Months
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https://www.nasdaq.com/articles/heres-why-enersys-ens-shares-are-up-over-28-in-6-months
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EnerSys ENS appears in good shape, with its shares rallying 28.6% over the past six months compared with the industry’s 10.7% growth. EnerSys’ solid product offerings, a firm focus on product innovation (including lithium, Touch-Safe, CPUC and DC fast charge) and strengthening demand are expected to have driven the stock’s performance. Technological expertise and effective pricing are other tailwinds for the company.
Let’s look into the factors driving this current Zacks Rank #3 (Hold) player.
Catalysts Behind the Price Surge
Strength in broadband and data center businesses and favorable pricing actions are driving ENS’ Energy Systems sales. Robust demand in electrification and automation end markets is driving growth of the Motive Power segment. Specialty segment’s revenues are benefiting from steady demand from Class 8 Truck OEMs.
A solid product portfolio is supporting EnerSys’ growth. The company strengthened its position as a leading provider of NexSys Thin Plate Pure Lead (TPPL) products. ENS is also benefiting from favorable trends, including rural broadband, home energy storage, 5G buildout and EV charging, which will likely be favorable in the long term as well.
Image Source: Zacks Investment Research
EnerSys’ measures to reward shareholders through dividends and share buybacks are noteworthy. ENS paid out dividends of $21.4 million in the first nine months of fiscal 2023 (ended Jan 1, 2023). The company’s buyback totaled $22.9 million in the first nine months of fiscal 2023. Also, in March 2022, EnerSys announced a share repurchase program worth $150 million. While exiting the third quarter of fiscal 2023, the company was left to repurchase shares worth $40.8 million in aggregate.
Stocks to Consider
Some better-ranked companies from the Industrial Products sector are discussed below:
Deere & Company DE presently sports a Zacks Rank #1 (Strong Buy). DE’s earnings surprise in the last four quarters was 4.7%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.
In the past 60 days, estimates for Deere & Company’s fiscal 2023 earnings have increased 8.7%. The stock has rallied 10.4% in the past six months.
Ingersoll Rand Inc. IR presently carries a Zacks Rank #2 (Buy). IR’s earnings surprise in the last four quarters was 8.5%, on average.
In the past 60 days, estimates for Ingersoll Rand’s 2023 earnings have increased 1.7%. The stock has gained 10.4% in the past six months.
AGCO Corporation AGCO presently has a Zacks Rank of 2. AGCO’s earnings surprise in the last four quarters was 13.4%, on average.
In the past 60 days, estimates for AGCO’s 2023 earnings have increased 2.2%. The stock has rallied 18.4% in the past six months.
Free Report: Must-See Hydrogen Stocks
Hydrogen fuel cells are already used to provide efficient, ultra-clean energy to buses, ships and even hospitals. This technology is on the verge of a massive breakthrough, one that could make hydrogen a major source of America's power. It could even totally revolutionize the EV industry.
Zacks has released a special report revealing the 4 stocks experts believe will deliver the biggest gains.
Download Cashing In on Cleaner Energy today, absolutely 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
Deere & Company (DE) : Free Stock Analysis Report
AGCO Corporation (AGCO) : Free Stock Analysis Report
Ingersoll Rand Inc. (IR) : Free Stock Analysis Report
Enersys (ENS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Robust demand in electrification and automation end markets is driving growth of the Motive Power segment. Image Source: Zacks Investment Research EnerSys’ measures to reward shareholders through dividends and share buybacks are noteworthy. EnerSys’ solid product offerings, a firm focus on product innovation (including lithium, Touch-Safe, CPUC and DC fast charge) and strengthening demand are expected to have driven the stock’s performance.
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In the past 60 days, estimates for Deere & Company’s fiscal 2023 earnings have increased 8.7%. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report AGCO Corporation (AGCO) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report Enersys (ENS) : Free Stock Analysis Report To read this article on Zacks.com click here. EnerSys’ solid product offerings, a firm focus on product innovation (including lithium, Touch-Safe, CPUC and DC fast charge) and strengthening demand are expected to have driven the stock’s performance.
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EnerSys’ solid product offerings, a firm focus on product innovation (including lithium, Touch-Safe, CPUC and DC fast charge) and strengthening demand are expected to have driven the stock’s performance. In the past 60 days, estimates for Deere & Company’s fiscal 2023 earnings have increased 8.7%. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report AGCO Corporation (AGCO) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report Enersys (ENS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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In the past 60 days, estimates for Deere & Company’s fiscal 2023 earnings have increased 8.7%. EnerSys’ solid product offerings, a firm focus on product innovation (including lithium, Touch-Safe, CPUC and DC fast charge) and strengthening demand are expected to have driven the stock’s performance. Robust demand in electrification and automation end markets is driving growth of the Motive Power segment.
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e391daeb-473d-47a2-a064-9a985499ead0
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720697.0
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2023-03-14 00:00:00 UTC
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General Electric (GE) Upgrades Tung Hsiao Power Plant in Taiwan
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https://www.nasdaq.com/articles/general-electric-ge-upgrades-tung-hsiao-power-plant-in-taiwan
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General Electric Company GE announced that Taiwan Power Company's (TPC) Tung Hsiao Power Plant, located in Miaoli County, has begun grid-connected trial runs in January 2023. The power plant uses six GE LM2500XPRESS aero derivative gas turbines.
The turbine units are capable of delivering up to 180 megawatts (MW) of electricity to support the energy requirement of the nearby offshore wind farms under construction. The gas turbines are able to run on high blends of hydrogen to support TPC’s decarbonization goals. GE aims to increase the blending of hydrogen and natural gas until they run on 100% hydrogen.
The Tung Hsiao Power Plant upgrade is a unique aero derivative gas turbine technology installation in Taiwan with features like an eight-minute fast start from cold metal to full load and the ability to perform daily starts without impacting maintenance cycles.
General Electric Company Price
General Electric Company price | General Electric Company Quote
The construction of the project started in February 2022 and it was completed within 10 months. The new plant will help Taiwan in the coal-to-gas transition, manage energy shortages, stabilize the grid and will support its target of achieving net-zero emissions by 2050. The Tung Hsiao Power Plant also supports Taiwan’s Renewable Energy Development Act (REDA) energy policy, which aims to accelerate the gas-fired power ratio to 50% by 2025.
"This plant plays a crucial role in supporting the diversification of energy sources in Taiwan. We are proud to provide fast, flexible and more sustainable aero derivative gas power—on or off the grid—to support TPC in their energy transition program and support the increased use of renewable solar and wind power," said Ramesh Singaram, CEO of GE Gas Power for Asia.
Zacks Rank and Stocks to Consider
GE currently carries a Zacks Rank #5 (Strong Sell). Some better-ranked companies are discussed below:
Deere & Company DE presently sports a Zacks Rank #1 (Strong Buy). DE’s earnings surprise in the last four quarters was 4.7%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.
In the past 60 days, estimates for Deere & Company’s fiscal 2023 earnings have increased 8.7%. The stock has rallied 10.4% in the past six months.
Ingersoll Rand Inc. IR presently carries a Zacks Rank #2 (Buy). IR’s earnings surprise in the last four quarters was 8.5%, on average.
In the past 60 days, estimates for Ingersoll Rand’s 2023 earnings have increased 1.7%. The stock has gained 10.4% in the past six months.
AGCO Corporation AGCO presently has a Zacks Rank of 2. AGCO’s earnings surprise in the last four quarters was 13.4%, on average.
In the past 60 days, estimates for AGCO’s 2023 earnings have increased 2.2%. The stock has rallied 18.4% in the past six months.
Free Report: Must-See Hydrogen Stocks
Hydrogen fuel cells are already used to provide efficient, ultra-clean energy to buses, ships and even hospitals. This technology is on the verge of a massive breakthrough, one that could make hydrogen a major source of America's power. It could even totally revolutionize the EV industry.
Zacks has released a special report revealing the 4 stocks experts believe will deliver the biggest gains.
Download Cashing In on Cleaner Energy today, absolutely 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
General Electric Company (GE) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
AGCO Corporation (AGCO) : Free Stock Analysis Report
Ingersoll Rand Inc. (IR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The turbine units are capable of delivering up to 180 megawatts (MW) of electricity to support the energy requirement of the nearby offshore wind farms under construction. The Tung Hsiao Power Plant upgrade is a unique aero derivative gas turbine technology installation in Taiwan with features like an eight-minute fast start from cold metal to full load and the ability to perform daily starts without impacting maintenance cycles. The power plant uses six GE LM2500XPRESS aero derivative gas turbines.
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Click to get this free report General Electric Company (GE) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report AGCO Corporation (AGCO) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report To read this article on Zacks.com click here. The power plant uses six GE LM2500XPRESS aero derivative gas turbines. The turbine units are capable of delivering up to 180 megawatts (MW) of electricity to support the energy requirement of the nearby offshore wind farms under construction.
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We are proud to provide fast, flexible and more sustainable aero derivative gas power—on or off the grid—to support TPC in their energy transition program and support the increased use of renewable solar and wind power," said Ramesh Singaram, CEO of GE Gas Power for Asia. Click to get this free report General Electric Company (GE) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report AGCO Corporation (AGCO) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report To read this article on Zacks.com click here. The power plant uses six GE LM2500XPRESS aero derivative gas turbines.
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We are proud to provide fast, flexible and more sustainable aero derivative gas power—on or off the grid—to support TPC in their energy transition program and support the increased use of renewable solar and wind power," said Ramesh Singaram, CEO of GE Gas Power for Asia. In the past 60 days, estimates for Deere & Company’s fiscal 2023 earnings have increased 8.7%. The power plant uses six GE LM2500XPRESS aero derivative gas turbines.
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770167f2-c394-4451-8b8e-cb39cae01b05
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720698.0
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2023-03-14 00:00:00 UTC
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CNH Industrial (CNHI) Acquires Augmenta for Its Smart Sprayer
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https://www.nasdaq.com/articles/cnh-industrial-cnhi-acquires-augmenta-for-its-smart-sprayer
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CNH Industrial CNHI has acquired its strategic partner Augmenta to expedite the growth of their Sense & Act Technology. The investment is aimed at benefiting their customers, who are mostly farmers. Farmers spray crop protection solutions before and after harvest. Sense & Act technology uses sensors to detect data during the spraying process. This data is then used to precisely direct and regulate spray volume through selective spraying capabilities.
“Our work with Augmenta has brought increasing benefits to our customers’ operations. What began as a minority investment in their potential, now culminates in us adding this proven tech excellence directly to our sprayer offering,” said Derek Neilson, President Agriculture at CNH Industrial. “This is an important development for our Agriculture business that will further support our dealers by differentiating our equipment through value-added technology.”
Augmenta develops multispectral cameras and software that are used to monitor the machine’s operating environment and control the spraying process. This results in a higher yield for the customers and improves sustainability by cutting down on the use of chemicals and fertilizers. This smart and innovative technology reduces application time, costs and efforts.
Augmenta will retain its existing employees and offices in the United States and Greece and operate under the Raven brand. The enterprise value for this acquisition is $110 million, which is subject to customary adjustments. The acquiring company held 10.5% of the minority stake in the business before the announcement of the transaction. The transaction will be funded with cash on hand and is expected to close in the first quarter of 2023.
Last year, CNH Industrial's engineering expertise, coupled with Raven's technology, helped the Agriculture segment churn out the highest profits in more than a decade. The cutting-edge technology provided by this new acquisition is expected to boost demand for the high-end product. This buyout will help CNHI move closer to its target of achieving $1 billion in Precision AG sales this year.
Zacks Rank & Key Picks
CNHI currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank stocks here.
A few better-ranked players in the same industry are Deere & Company DE and AGCO AGCO. While Deere & Company sports a Zacks Rank #1, AGCO carries a Zacks Rank #2 (Buy).
Deere is the world’s largest producer of agricultural equipment, manufacturing agricultural machinery since 1837 under the iconic John Deere brand. The Zacks Consensus Estimate for DE’s 2023 sales and earnings imply year-over-year growth of 13.72% and 30.88%, respectively.
AGCO is a leading manufacturer and distributor of agricultural equipment and related replacement parts. The Zacks Consensus Estimate for AGCO’s 2023 sales and earnings imply year-over-year growth of 11.09% and 8.94%, respectively.
Free Report: Must-See Hydrogen Stocks
Hydrogen fuel cells are already used to provide efficient, ultra-clean energy to buses, ships and even hospitals. This technology is on the verge of a massive breakthrough, one that could make hydrogen a major source of America's power. It could even totally revolutionize the EV industry.
Zacks has released a special report revealing the 4 stocks experts believe will deliver the biggest gains.
Download Cashing In on Cleaner Energy today, absolutely 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
Deere & Company (DE) : Free Stock Analysis Report
AGCO Corporation (AGCO) : Free Stock Analysis Report
CNH Industrial N.V. (CNHI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What began as a minority investment in their potential, now culminates in us adding this proven tech excellence directly to our sprayer offering,” said Derek Neilson, President Agriculture at CNH Industrial. Augmenta develops multispectral cameras and software that are used to monitor the machine’s operating environment and control the spraying process. Last year, CNH Industrial's engineering expertise, coupled with Raven's technology, helped the Agriculture segment churn out the highest profits in more than a decade.
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The Zacks Consensus Estimate for DE’s 2023 sales and earnings imply year-over-year growth of 13.72% and 30.88%, respectively. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report AGCO Corporation (AGCO) : Free Stock Analysis Report CNH Industrial N.V. (CNHI) : Free Stock Analysis Report To read this article on Zacks.com click here. Sense & Act technology uses sensors to detect data during the spraying process.
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While Deere & Company sports a Zacks Rank #1, AGCO carries a Zacks Rank #2 (Buy). Click to get this free report Deere & Company (DE) : Free Stock Analysis Report AGCO Corporation (AGCO) : Free Stock Analysis Report CNH Industrial N.V. (CNHI) : Free Stock Analysis Report To read this article on Zacks.com click here. Sense & Act technology uses sensors to detect data during the spraying process.
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A few better-ranked players in the same industry are Deere & Company DE and AGCO AGCO. Sense & Act technology uses sensors to detect data during the spraying process. What began as a minority investment in their potential, now culminates in us adding this proven tech excellence directly to our sprayer offering,” said Derek Neilson, President Agriculture at CNH Industrial.
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95f94950-2405-4908-9fef-7027041bf907
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720699.0
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2023-03-13 00:00:00 UTC
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Noteworthy Monday Option Activity: LNC, DE, TDG
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https://www.nasdaq.com/articles/noteworthy-monday-option-activity%3A-lnc-de-tdg
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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Lincoln National Corp. (Symbol: LNC), where a total volume of 17,449 contracts has been traded thus far today, a contract volume which is representative of approximately 1.7 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 51.3% of LNC's average daily trading volume over the past month, of 3.4 million shares. Especially high volume was seen for the $35 strike call option expiring January 19, 2024, with 4,766 contracts trading so far today, representing approximately 476,600 underlying shares of LNC. Below is a chart showing LNC's trailing twelve month trading history, with the $35 strike highlighted in orange:
Deere & Co. (Symbol: DE) options are showing a volume of 8,152 contracts thus far today. That number of contracts represents approximately 815,200 underlying shares, working out to a sizeable 51.1% of DE's average daily trading volume over the past month, of 1.6 million shares. Particularly high volume was seen for the $450 strike call option expiring March 17, 2023, with 239 contracts trading so far today, representing approximately 23,900 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $450 strike highlighted in orange:
And TransDigm Group Inc (Symbol: TDG) options are showing a volume of 1,662 contracts thus far today. That number of contracts represents approximately 166,200 underlying shares, working out to a sizeable 48.9% of TDG's average daily trading volume over the past month, of 339,635 shares. Especially high volume was seen for the $750 strike put option expiring April 21, 2023, with 209 contracts trading so far today, representing approximately 20,900 underlying shares of TDG. Below is a chart showing TDG's trailing twelve month trading history, with the $750 strike highlighted in orange:
For the various different available expirations for LNC options, DE options, or TDG options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $35 strike call option expiring January 19, 2024, with 4,766 contracts trading so far today, representing approximately 476,600 underlying shares of LNC. Particularly high volume was seen for the $450 strike call option expiring March 17, 2023, with 239 contracts trading so far today, representing approximately 23,900 underlying shares of DE. Especially high volume was seen for the $750 strike put option expiring April 21, 2023, with 209 contracts trading so far today, representing approximately 20,900 underlying shares of TDG.
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Below is a chart showing LNC's trailing twelve month trading history, with the $35 strike highlighted in orange: Deere & Co. (Symbol: DE) options are showing a volume of 8,152 contracts thus far today. That number of contracts represents approximately 815,200 underlying shares, working out to a sizeable 51.1% of DE's average daily trading volume over the past month, of 1.6 million shares. That number of contracts represents approximately 166,200 underlying shares, working out to a sizeable 48.9% of TDG's average daily trading volume over the past month, of 339,635 shares.
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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Lincoln National Corp. (Symbol: LNC), where a total volume of 17,449 contracts has been traded thus far today, a contract volume which is representative of approximately 1.7 million underlying shares (given that every 1 contract represents 100 underlying shares). Especially high volume was seen for the $35 strike call option expiring January 19, 2024, with 4,766 contracts trading so far today, representing approximately 476,600 underlying shares of LNC. Particularly high volume was seen for the $450 strike call option expiring March 17, 2023, with 239 contracts trading so far today, representing approximately 23,900 underlying shares of DE.
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Especially high volume was seen for the $35 strike call option expiring January 19, 2024, with 4,766 contracts trading so far today, representing approximately 476,600 underlying shares of LNC. That number of contracts represents approximately 166,200 underlying shares, working out to a sizeable 48.9% of TDG's average daily trading volume over the past month, of 339,635 shares. Below is a chart showing TDG's trailing twelve month trading history, with the $750 strike highlighted in orange: For the various different available expirations for LNC options, DE options, or TDG options, visit StockOptionsChannel.com.
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efbb36f2-2270-487f-b82e-56ba563c270e
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