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725700.0
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2022-08-12 00:00:00 UTC
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Sea Limited (SE) to Report Q2 Earnings: What's in Store?
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DELL
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https://www.nasdaq.com/articles/sea-limited-se-to-report-q2-earnings%3A-whats-in-store
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nan
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nan
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Sea Limited SE is set to release second-quarter 2022 results on Aug 16.
The Zacks Consensus Estimate for loss has widened by 1 cent to 92 cents per share over the past 30 days. Sea Limited reported a loss of 61 cents per share in the year-ago quarter.
The consensus mark for revenues is currently pegged at $3.05 billion, indicating 25.02% growth from the year-ago quarter’s reported figure.
The company’s earnings missed the Zacks Consensus Estimate in two of the trailing four quarters while beating the same in the remaining, the earnings surprise being -37.88%.
Sea Limited Sponsored ADR Price and EPS Surprise
Sea Limited Sponsored ADR price-eps-surprise | Sea Limited Sponsored ADR Quote
Let’s see how things have shaped up prior to this announcement.
Factors at Play for Q2 Results
Sea Limited’s digital entertainment (Garena) and e-commerce businesses are expected to have been the driving factor in the second quarter.
Garena is likely to have benefited from stabilizing the player base of Free Fire.
The company’s e-commerce segment is likely to have gained traction from a strong uptick in Shopee, its online shopping platform. Increasing monthly active users and improving engagement reflected by growing total time spent bode well for Shopee in the to-be-reported quarter.
In the first quarter, Shopee was the top-ranked app in the Shopping category across both iOS and Google Play by average monthly active users and total time spent in the app in each of Southeast Asia, Taiwan and Indonesia, per data.ai. The momentum is expected to have continued in the to-be-reported quarter.
Additionally, SeaMoney’s strengthening integration with Shopee is expected to have aided Sea’s digital financial services business.
Higher expenses related to the expansion of e-commerce services and continued efforts to integrate the company’s mobile wallet services with the Shopee platform across different markets are expected to have negatively impacted profitability in the to-be-reported quarter.
What Our Model Indicates
Per the Zacks model, 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.
Sea Limited has an Earnings ESP of -2.72% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are a couple of companies worth considering as our model shows that they have the right combination of elements to beat on earnings this reporting cycle:
Keysight KEYS has an Earnings ESP of +1.23% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
The company is scheduled to release third-quarter fiscal 2022 results on Aug 17.
KEYS’ shares have fallen 19.3% in the year-to-date period compared with the Zacks Computer and Technology sector, which witnessed a fall of 21.2% over the same time frame.
Hewlett Packard Enterprise HPE has an Earnings ESP of +2.89% and a Zacks Rank #3.
HPE is scheduled to release third-quarter fiscal 2022 results on Aug 30. Hewlett Packard’s shares are down 7% in the year-to-date period.
Dell Technologies DELL has an Earnings ESP of +3.07% and a Zacks Rank #3.
DELL is scheduled to release second-quarter fiscal 2023 results on Aug 25. Dell’s shares are down 15.3% in the year-to-date period.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
Sea Limited Sponsored ADR (SE): Free Stock Analysis Report
Keysight Technologies Inc. (KEYS): Free Stock Analysis Report
Hewlett Packard Enterprise Company (HPE): 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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Dell Technologies DELL has an Earnings ESP of +3.07% and a Zacks Rank #3. DELL is scheduled to release second-quarter fiscal 2023 results on Aug 25. Dell’s shares are down 15.3% in the year-to-date period.
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Dell Technologies DELL has an Earnings ESP of +3.07% and a Zacks Rank #3. DELL is scheduled to release second-quarter fiscal 2023 results on Aug 25. Dell’s shares are down 15.3% in the year-to-date period.
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Dell Technologies DELL has an Earnings ESP of +3.07% and a Zacks Rank #3. DELL is scheduled to release second-quarter fiscal 2023 results on Aug 25. Dell’s shares are down 15.3% in the year-to-date period.
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Dell Technologies DELL has an Earnings ESP of +3.07% and a Zacks Rank #3. DELL is scheduled to release second-quarter fiscal 2023 results on Aug 25. Dell’s shares are down 15.3% in the year-to-date period.
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862114d5-8c20-49be-ada5-480a3da519ae
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725701.0
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2022-08-10 00:00:00 UTC
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CyberArk (CYBR) Reports Q2 Loss, Tops Revenue Estimates
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DELL
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https://www.nasdaq.com/articles/cyberark-cybr-reports-q2-loss-tops-revenue-estimates
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nan
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nan
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CyberArk (CYBR) came out with a quarterly loss of $0.27 per share versus the Zacks Consensus Estimate of a loss of $0.30. This compares to earnings of $0.01 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 10%. A quarter ago, it was expected that this maker of software that detects attacks on privileged accounts would post a loss of $0.30 per share when it actually produced a loss of $0.30, delivering no surprise.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
CyberArk, which belongs to the Zacks Computers - IT Services industry, posted revenues of $142.33 million for the quarter ended June 2022, surpassing the Zacks Consensus Estimate by 2.43%. This compares to year-ago revenues of $117.23 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
CyberArk shares have lost about 20.1% since the beginning of the year versus the S&P 500's decline of -13.5%.
What's Next for CyberArk?
While CyberArk has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for CyberArk: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.23 on $147.98 million in revenues for the coming quarter and -$0.73 on $592.74 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computers - IT Services is currently in the bottom 43% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Dell Technologies (DELL), is yet to report results for the quarter ended July 2022. The results are expected to be released on August 25.
This computer and technology services provider is expected to post quarterly earnings of $1.63 per share in its upcoming report, which represents a year-over-year change of -27.2%. The consensus EPS estimate for the quarter has been revised 0.4% lower over the last 30 days to the current level.
Dell Technologies' revenues are expected to be $26.59 billion, up 1.7% from the year-ago quarter.
Profiting from the Metaverse, The 3rd Internet Boom (Free Report):
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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
CyberArk Software Ltd. (CYBR): Free Stock Analysis Report
Dell Technologies Inc. (DELL): 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.
|
One other stock from the same industry, Dell Technologies (DELL), is yet to report results for the quarter ended July 2022. Dell Technologies' revenues are expected to be $26.59 billion, up 1.7% from the year-ago quarter. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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One other stock from the same industry, Dell Technologies (DELL), is yet to report results for the quarter ended July 2022. Dell Technologies' revenues are expected to be $26.59 billion, up 1.7% from the year-ago quarter. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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One other stock from the same industry, Dell Technologies (DELL), is yet to report results for the quarter ended July 2022. Dell Technologies' revenues are expected to be $26.59 billion, up 1.7% from the year-ago quarter. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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One other stock from the same industry, Dell Technologies (DELL), is yet to report results for the quarter ended July 2022. Dell Technologies' revenues are expected to be $26.59 billion, up 1.7% from the year-ago quarter. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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1f53b1bb-b108-4b63-a878-31d90224cbf1
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725702.0
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2022-08-08 00:00:00 UTC
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AMD Partners With ECARX to Launch In-Vehicle Computing Platform
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DELL
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https://www.nasdaq.com/articles/amd-partners-with-ecarx-to-launch-in-vehicle-computing-platform
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nan
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nan
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Advanced Micro Devices AMD recently announced that it has formed a strategic collaboration with ECARX, a global mobility tech company, to develop an in-vehicle computing platform for next-generation electric vehicles (EVs).
The ECARX digital cockpit is the very first in-vehicle platform to be integrated with AMD Ryzen Embedded V2000 processors and AMD Radeon RX 6000 Series GPUs along with ECARX hardware and software. The digital cockpit will feature high-end features including driver information mode, heads-up display and rear seat entertainment, multiple-displays, multi-zone voice recognition, high-end gaming and a full 3D user experience.
The ECARX digital cockpit is expected to be in mass production for global rollout in late 2023, which will mark AMD’s entry into the high growth EV industry.
Per International Data Corporation (“IDC”), PC sales were down 15.3% year over year to 71.3 million units during the June quarter, which was higher than the first-quarter's decline rate of 5.1% and is the worst drop in many years.
In the second quarter, AMD’s Client segment which includes desktop and notebook PC processors surged 24.5% year over year to $2.15 billion and accounted for 32.9% of total revenues. While the company experienced rising revenues, the company is expecting slowing growth in the coming third and fourth quarters due to falling demand for PCs.
To counter this issue, AMD has been diversifying its product portfolio to cater to trending high growth markets like cloud, gaming, data center and EV.
The company has constantly been improving the performance of its Ryzen processors to help address the increasing proliferation of AI and Machine Learning (ML) in industries like cloud, gaming and data center.
This has impacted AMD's second-quarter 2022 gross margin positively, which expanded 600 basis points (bps) year over year to 54%.
Advanced Micro Devices, Inc. Price and Consensus
Advanced Micro Devices, Inc. price-consensus-chart | Advanced Micro Devices, Inc. Quote
AMD Forays Into High Growth Markets to Boost Share Prices
AMD's shares which currently carries a Zacks Rank #3 (Hold) have slumped 28.9% compared with the Zacks Computer and Technology sector's decline of 22.3% in the year-to-date period. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The fall in AMD’s share price was due to the rising geo-political tensions between the United States and China, the global supply chain challenges that have adversely impacted the semiconductor industry, the ongoing Russia-Ukraine war, rising inflation and interest rate hike by the U.S. Federal Reserve, which has led to the recent fall in PC demand as the market slips into recession.
Stiff competition from peers like NVIDIA NVDA also remains a concern as AMD is looking to gain market share in one of its most beneficial markets, AI.
NVIDIA has been benefiting from the rapid proliferation of AI. The company has been expanding its base in untapped markets like climate science, energy research, space exploration and digital biology.
Nvidia recently teamed up with Hewlett Packard Enterprise to bring AI software services to the cloud. NVIDIA AI enterprise is now available in Hewlett Packard Greenlake in select countries.
However, AMD has been gaining from its plans to form strategic partnerships with different companies to address new-high growth markets, accelerate data center growth, and enter the AI and AR spaces with its launch of various new products.
AMD recently collaborated with Dell Technologies DELL to launch the most powerful 17” AMD Advantage laptop — Alienware m17 r5 Gaming Laptop.
The recent collaboration with Dell will help AMD benefit from the rising gaming industry that will attain $545.98 billion by 2028, witnessing a CAGR of 13.20% between 2021 and 2028, according to Fortune Business Insights.
AMD has also collaborated with Meta Platforms META to enter the Metaverse.
AMD has become Meta’s ecosystem partner, and AMD’s radio chip, Xilinx Zynq UltraScale RFSoC, will be utilized to develop a metaverse-ready radio access unit.
AMD’s recent partnership with ECARX will help the company address the growing EV demand. Per AMD, which quoted Strategy Analytics, EV adoption is an important factor for growth in the automotive semiconductor market and the associated semiconductor demand is expected to see a CAAGR of 31% over 2021-2026.
How to Profit from the Hot Electric Vehicle Industry
Global electric car sales in 2021 more than doubled their 2020 numbers. And today, the electric vehicle (EV) technology and very nature of the business is changing quickly. The next push for future technologies is happening now and investors who get in early could see exceptional profits.
See Zacks' Top Stocks to Profit from the EV Revolution >>
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
Advanced Micro Devices, Inc. (AMD): Free Stock Analysis Report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
NVIDIA Corporation (NVDA): Free Stock Analysis Report
Meta Platforms, Inc. (META): 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.
|
AMD recently collaborated with Dell Technologies DELL to launch the most powerful 17” AMD Advantage laptop — Alienware m17 r5 Gaming Laptop. The recent collaboration with Dell will help AMD benefit from the rising gaming industry that will attain $545.98 billion by 2028, witnessing a CAGR of 13.20% between 2021 and 2028, according to Fortune Business Insights. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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AMD recently collaborated with Dell Technologies DELL to launch the most powerful 17” AMD Advantage laptop — Alienware m17 r5 Gaming Laptop. The recent collaboration with Dell will help AMD benefit from the rising gaming industry that will attain $545.98 billion by 2028, witnessing a CAGR of 13.20% between 2021 and 2028, according to Fortune Business Insights. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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AMD recently collaborated with Dell Technologies DELL to launch the most powerful 17” AMD Advantage laptop — Alienware m17 r5 Gaming Laptop. The recent collaboration with Dell will help AMD benefit from the rising gaming industry that will attain $545.98 billion by 2028, witnessing a CAGR of 13.20% between 2021 and 2028, according to Fortune Business Insights. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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AMD recently collaborated with Dell Technologies DELL to launch the most powerful 17” AMD Advantage laptop — Alienware m17 r5 Gaming Laptop. The recent collaboration with Dell will help AMD benefit from the rising gaming industry that will attain $545.98 billion by 2028, witnessing a CAGR of 13.20% between 2021 and 2028, according to Fortune Business Insights. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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734e602e-6527-438b-8ca7-91039c26194d
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725703.0
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2022-08-04 00:00:00 UTC
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Here's How Investors Can Find Strong Computer and Technology Stocks with the Zacks ESP Screener
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DELL
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https://www.nasdaq.com/articles/heres-how-investors-can-find-strong-computer-and-technology-stocks-with-the-zacks-esp-22
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nan
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nan
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Two factors often determine stock prices in the long run: earnings and interest rates. Investors can't control the latter, but they can focus on a company's earnings results every quarter.
We know earnings results are vital, but how a company performs compared to bottom line expectations can be even more important when it comes to stock prices, especially in the near-term. This means that investors might want to take advantage of these earnings surprises.
The ability to identify stocks that are likely to top quarterly earnings expectations can be profitable, but it's no simple task. Here at Zacks, our Earnings ESP filter helps make things easier.
The Zacks Earnings ESP, Explained
The Zacks Expected Surprise Prediction, or ESP, works by locking in on the most up-to-date analyst earnings revisions because they can be more accurate than estimates from weeks or even months before the actual release date. The thinking is pretty straightforward: analysts who provide earnings estimates closer to the report are likely to have more information.
The core of the ESP model is comparing the Most Accurate Estimate to the Zacks Consensus Estimate, where the resulting percentage difference between the two equals the Expected Surprise Prediction. The Zacks Rank is also factored into the ESP metric to better help find companies that appear poised to top their next bottom-line consensus estimate, which will hopefully help lift the stock price.
In fact, when we combined a Zacks Rank #3 (Hold) or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time. Perhaps most importantly, using these parameters has helped produce 28.3% annual returns on average, according to our 10 year backtest.
Stocks with a ranking of #3 (Hold), or 60% of all stocks covered by the Zacks Rank, are expected to perform in-line with the broader market. Stocks with rankings of #2 (Buy) and #1 (Strong Buy), or the top 15% and top 5% of stocks, respectively, should outperform the market; Strong Buy stocks should outperform more than any other rank.
Should You Consider Dell Technologies?
Now that we understand what the ESP is and how beneficial it can be, let's dive into a stock that currently fits the bill. Dell Technologies (DELL) earns a #3 (Hold) right now and its Most Accurate Estimate sits at $1.68 a share, just 21 days from its upcoming earnings release on August 25, 2022.
DELL has an Earnings ESP figure of +3.07%, which, as explained above, is calculated by taking the percentage difference between the $1.68 Most Accurate Estimate and the Zacks Consensus Estimate of $1.63. Dell Technologies is one of a large database of stocks with positive ESPs. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
DELL is just one of a large group of Computer and Technology stocks with a positive ESP figure. Arista Networks (ANET) is another qualifying stock you may want to consider.
Arista Networks is a Zacks Rank #2 (Buy) stock, and is getting ready to report earnings on November 7, 2022. ANET's Most Accurate Estimate sits at $1.03 a share 95 days from its next earnings release.
Arista Networks' Earnings ESP figure currently stands at +8% after taking the percentage difference between its Most Accurate Estimate and its Zacks Consensus Estimate of $0.95.
DELL and ANET's positive ESP metrics may signal that a positive earnings surprise for both stocks is on the horizon.
Find Stocks to Buy or Sell Before They're Reported
Use the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading. Check it out here >>
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
Dell Technologies Inc. (DELL): Free Stock Analysis Report
Arista Networks, Inc. (ANET): Free Stock Analysis Report
To read this article on Zacks.com 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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Should You Consider Dell Technologies? Dell Technologies (DELL) earns a #3 (Hold) right now and its Most Accurate Estimate sits at $1.68 a share, just 21 days from its upcoming earnings release on August 25, 2022. DELL has an Earnings ESP figure of +3.07%, which, as explained above, is calculated by taking the percentage difference between the $1.68 Most Accurate Estimate and the Zacks Consensus Estimate of $1.63.
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Dell Technologies Inc. (DELL): Free Stock Analysis Report Should You Consider Dell Technologies? Dell Technologies (DELL) earns a #3 (Hold) right now and its Most Accurate Estimate sits at $1.68 a share, just 21 days from its upcoming earnings release on August 25, 2022.
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Should You Consider Dell Technologies? Dell Technologies (DELL) earns a #3 (Hold) right now and its Most Accurate Estimate sits at $1.68 a share, just 21 days from its upcoming earnings release on August 25, 2022. DELL has an Earnings ESP figure of +3.07%, which, as explained above, is calculated by taking the percentage difference between the $1.68 Most Accurate Estimate and the Zacks Consensus Estimate of $1.63.
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Dell Technologies (DELL) earns a #3 (Hold) right now and its Most Accurate Estimate sits at $1.68 a share, just 21 days from its upcoming earnings release on August 25, 2022. DELL and ANET's positive ESP metrics may signal that a positive earnings surprise for both stocks is on the horizon. Should You Consider Dell Technologies?
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b82eb42b-f50f-4b74-a3f4-68b1b489ad03
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725704.0
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2022-08-04 00:00:00 UTC
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Computer Task Group (CTG) Tops Q2 Earnings Estimates
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DELL
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https://www.nasdaq.com/articles/computer-task-group-ctg-tops-q2-earnings-estimates
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nan
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nan
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Computer Task Group (CTG) came out with quarterly earnings of $0.15 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.13 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 7.14%. A quarter ago, it was expected that this information technology staffing company would post earnings of $0.13 per share when it actually produced earnings of $0.16, delivering a surprise of 23.08%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Computer Task Group, which belongs to the Zacks Computers - IT Services industry, posted revenues of $82.76 million for the quarter ended June 2022, missing the Zacks Consensus Estimate by 5.88%. This compares to year-ago revenues of $92.16 million. The company has not been able to beat consensus revenue estimates over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Computer Task Group shares have lost about 12.2% since the beginning of the year versus the S&P 500's decline of -12.8%.
What's Next for Computer Task Group?
While Computer Task Group has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Computer Task Group: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.16 on $86.73 million in revenues for the coming quarter and $0.68 on $360.74 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computers - IT Services is currently in the bottom 38% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Dell Technologies (DELL), is yet to report results for the quarter ended July 2022. The results are expected to be released on August 25.
This computer and technology services provider is expected to post quarterly earnings of $1.63 per share in its upcoming report, which represents a year-over-year change of -27.2%. The consensus EPS estimate for the quarter has been revised 0.4% lower over the last 30 days to the current level.
Dell Technologies' revenues are expected to be $26.59 billion, up 1.7% from the year-ago quarter.
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
Computer Task Group, Incorporated (CTG): Free Stock Analysis Report
Dell Technologies Inc. (DELL): 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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One other stock from the same industry, Dell Technologies (DELL), is yet to report results for the quarter ended July 2022. Dell Technologies' revenues are expected to be $26.59 billion, up 1.7% from the year-ago quarter. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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One other stock from the same industry, Dell Technologies (DELL), is yet to report results for the quarter ended July 2022. Dell Technologies' revenues are expected to be $26.59 billion, up 1.7% from the year-ago quarter. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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One other stock from the same industry, Dell Technologies (DELL), is yet to report results for the quarter ended July 2022. Dell Technologies' revenues are expected to be $26.59 billion, up 1.7% from the year-ago quarter. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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One other stock from the same industry, Dell Technologies (DELL), is yet to report results for the quarter ended July 2022. Dell Technologies' revenues are expected to be $26.59 billion, up 1.7% from the year-ago quarter. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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4290ac3c-50bc-4c05-a820-0494b8d25ed3
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725705.0
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2022-08-03 00:00:00 UTC
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Is Most-Watched Stock Dell Technologies Inc. (DELL) Worth Betting on Now?
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DELL
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https://www.nasdaq.com/articles/is-most-watched-stock-dell-technologies-inc.-dell-worth-betting-on-now
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nan
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nan
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Dell Technologies (DELL) 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 computer and technology services provider have returned +2.6% over the past month versus the Zacks S&P 500 composite's +7.1% change. The Zacks Computers - IT Services industry, to which Dell Technologies belongs, has gained 4.1% over this period. Now the key question is: Where could the stock be headed in the near term?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
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.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
For the current quarter, Dell Technologies is expected to post earnings of $1.63 per share, indicating a change of -27.2% from the year-ago quarter. The Zacks Consensus Estimate has changed -0.4% over the last 30 days.
The consensus earnings estimate of $7.03 for the current fiscal year indicates a year-over-year change of +13%. This estimate has changed -0.3% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $7.49 indicates a change of +6.6% from what Dell Technologies is expected to report a year ago. Over the past month, the estimate has changed -1.7%.
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 #3 (Hold) for Dell Technologies.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue Growth
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 Dell Technologies, the consensus sales estimate of $26.59 billion for the current quarter points to a year-over-year change of +1.7%. The $107.02 billion and $108.51 billion estimates for the current and next fiscal years indicate changes of 0% and +1.4%, respectively.
Last Reported Results and Surprise History
Dell Technologies reported revenues of $26.12 billion in the last reported quarter, representing a year-over-year change of +6.6%. EPS of $1.84 for the same period compares with $2.13 a year ago.
Compared to the Zacks Consensus Estimate of $25.32 billion, the reported revenues represent a surprise of +3.13%. The EPS surprise was +33.33%.
Over the last four quarters, Dell Technologies surpassed consensus EPS estimates three times. The company topped consensus revenue estimates each time 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.
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.
Dell Technologies is graded A on this front, indicating that it is trading at a discount 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 Dell Technologies. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
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
Dell Technologies Inc. (DELL): Free Stock Analysis Report
To read this article on Zacks.com 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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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 Dell Technologies. Dell Technologies (DELL) is one of the stocks most watched by Zacks.com visitors lately. The Zacks Computers - IT Services industry, to which Dell Technologies belongs, has gained 4.1% over this period.
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For the next fiscal year, the consensus earnings estimate of $7.49 indicates a change of +6.6% from what Dell Technologies is expected to report a year ago. Last Reported Results and Surprise History Dell Technologies reported revenues of $26.12 billion in the last reported quarter, representing a year-over-year change of +6.6%. Dell Technologies (DELL) 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 #3 (Hold) for Dell Technologies. Dell Technologies (DELL) is one of the stocks most watched by Zacks.com visitors lately. The Zacks Computers - IT Services industry, to which Dell Technologies belongs, has gained 4.1% over this period.
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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 #3 (Hold) for Dell Technologies. Dell Technologies Inc. (DELL): Free Stock Analysis Report Dell Technologies (DELL) is one of the stocks most watched by Zacks.com visitors lately.
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2022-08-01 00:00:00 UTC
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Dell Technologies (DELL) Gains As Market Dips: What You Should Know
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https://www.nasdaq.com/articles/dell-technologies-dell-gains-as-market-dips%3A-what-you-should-know
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In the latest trading session, Dell Technologies (DELL) closed at $45.42, marking a +0.8% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.28%. Elsewhere, the Dow lost 0.14%, while the tech-heavy Nasdaq lost 0.14%.
Coming into today, shares of the computer and technology services provider had gained 5.43% in the past month. In that same time, the Computer and Technology sector gained 8.21%, while the S&P 500 gained 8.35%.
Investors will be hoping for strength from Dell Technologies as it approaches its next earnings release, which is expected to be August 25, 2022. On that day, Dell Technologies is projected to report earnings of $1.63 per share, which would represent a year-over-year decline of 27.23%. Meanwhile, our latest consensus estimate is calling for revenue of $26.59 billion, up 1.74% from the prior-year quarter.
DELL's full-year Zacks Consensus Estimates are calling for earnings of $7.03 per share and revenue of $107.02 billion. These results would represent year-over-year changes of +13.02% and -0.02%, respectively.
Investors should also note any recent changes to analyst estimates for Dell Technologies. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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 0.27% lower within the past month. Dell Technologies is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Dell Technologies is currently trading at a Forward P/E ratio of 6.41. This valuation marks a discount compared to its industry's average Forward P/E of 18.94.
Investors should also note that DELL has a PEG ratio of 0.53 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. DELL's industry had an average PEG ratio of 1.33 as of yesterday's close.
The Computers - IT Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 93, which puts it in the top 37% 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 DELL in the coming trading sessions, be sure to utilize Zacks.com.
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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
Dell Technologies Inc. (DELL): Free Stock Analysis Report
To read this article on Zacks.com 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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On that day, Dell Technologies is projected to report earnings of $1.63 per share, which would represent a year-over-year decline of 27.23%. DELL's full-year Zacks Consensus Estimates are calling for earnings of $7.03 per share and revenue of $107.02 billion. In the latest trading session, Dell Technologies (DELL) closed at $45.42, marking a +0.8% move from the previous day.
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In the latest trading session, Dell Technologies (DELL) closed at $45.42, marking a +0.8% move from the previous day. Dell Technologies Inc. (DELL): Free Stock Analysis Report Investors will be hoping for strength from Dell Technologies as it approaches its next earnings release, which is expected to be August 25, 2022.
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Dell Technologies Inc. (DELL): Free Stock Analysis Report In the latest trading session, Dell Technologies (DELL) closed at $45.42, marking a +0.8% move from the previous day. Investors will be hoping for strength from Dell Technologies as it approaches its next earnings release, which is expected to be August 25, 2022.
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In the latest trading session, Dell Technologies (DELL) closed at $45.42, marking a +0.8% move from the previous day. Dell Technologies Inc. (DELL): Free Stock Analysis Report Investors will be hoping for strength from Dell Technologies as it approaches its next earnings release, which is expected to be August 25, 2022.
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2022-07-27 00:00:00 UTC
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CoStar Group (CSGP) Q2 Earnings Top Estimates, Revenues Up Y/Y
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DELL
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https://www.nasdaq.com/articles/costar-group-csgp-q2-earnings-top-estimates-revenues-up-y-y
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CoStar Group CSGP reported second-quarter 2022 non-GAAP earnings of 28 cents per share, which beat the Zacks Consensus Estimate by 33.33% and improved 7.7% year over year.
Revenues of $536 million beat the Zacks Consensus Estimate by 0.81% and increased 12% year over year.
The revenue growth was led by three main products of the company, CoStar, Apartments.com and LoopNet, which experienced an exceptional sales quarter with a combined 81% growth on a year-over-year basis.
Annualized net new sale bookings led by the three main products were $84 million, reflecting a 66% increase year over year.
CoStar Group, Inc. Price, Consensus and EPS Surprise
CoStar Group, Inc. price-consensus-eps-surprise-chart | CoStar Group, Inc. Quote
Top Line Details
CoStar revenues (38.5% of revenues) increased 17% year over year to $206.57 million. CoStar net new sales bookings increased 60% from the year-ago quarter as a result of the development of new products like hospitality data addition, integrated CMBS data and analytics, and the new lender product that attracted new customers.
In the CoStar business segment, Apartments.com net new sales bookings surged a whopping 138% year over year as apartment vacancy rates increased, leading to raised apartment advertisements. Apartment construction levels have risen, which increased the number of apartments to be given out for rent, thus impacting revenues generated from Apartments.Com positively.
Information Services (7.2% of revenues) increased 10% year over year to $38.5 million. The surge in revenues can be attributed to the Business Immo acquisition, which contributed to the information services revenues.
Multifamily revenues (34% of revenues) increased 6.4% year over year to $182.4 million. The improvement in multifamily revenues was owing to the vacancy rates going up; however, it is still reeling from the post-effects of the pandemic as vacancy rates are still not at the pre-pandemic levels.
LoopNet revenues (10.5% of revenues) were up 10.2% year over year to $56.30 million. The recent surge in LoopNet’s revenues was due to the positive ROI generated from the investment to relaunch LoopNet in Canada. The number of monthly unique visitors on the Canadian LoopNet network surged 45% year over year, which contributed to an increase in revenues.
Second-quarter Residential revenues (3.8% of revenues) were $20 million, which increased 40% compared with the second quarter of 2021 on the back of Homesnap business development. Revenues from Pro+ products grew 46% year over year, which benefited the residential revenues.
Other marketplace revenues (6.06% of revenues) increased 17.3% year over year to $32.43 million.
Operating Details
Both selling and marketing and software development expenses, as a percentage of revenues, decreased 50 bps. General & administrative expenses increased 230 bps as a percentage of revenues, while customer base amortization expenses increased by 100 bps.
Adjusted EBITDA margin in the second quarter of 2022 was 30% compared with 31% in the year-ago quarter.
Balance Sheet and Cash Flow Statement
CSGP reported cash, cash equivalents and restricted cash of $4 billion as of Jun 30, 2022, compared with $3.93 billion as of Mar 31, 2022.
The company, however, had long-term debt of $1 billion as of Jun 30, 2022, compared with $988.27 million as of Mar 31, 2022.
It generated $212 million in cash from operations compared with $130.81 million in the previous quarter.
Guidance
Third-quarter 2022 revenues are expected between $552 million and $557 million, indicating growth of 11%.
The company has raised its revenue guidance to a range of $2.165 billion to $2.180 billion for the full year of 2022, an increase of $13 million at the mid-point of the range compared with the prior outlook.
The company expects adjusted EBITDA in the range of $130 million to $140 million. For the full year, CSGP raised its adjusted EBITDA guidance to a range of $610 million to $630 million, which reflects an increase of $20 million at the mid-point.
Third-quarter 2022 non-GAAP net income per diluted share is expected between 23 cents and 25 cents based on 395 million shares. Full-year non-GAAP net income per diluted share is expected between $1.09 and $1.13 based on 395 million shares.
Zacks Rank & Other Stocks to Consider
CoStar currently carries a Zacks Rank #2 (Buy).
CSGP’s shares have fallen 23.2% compared with the Zacks Computer and Technology sector’s decline of 29.4% in the year-to-date period.
Here are some top-ranked stocks worth considering in the broader sector.
Ballard Power Systems BLDP carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Ballard’s shares have fallen 45.1% in the year-to-date period compared with the Zacks Electronics - Miscellaneous Components industry’s decline of 23.7%. BLDP is scheduled to report second-quarter 2022 results on Aug 10.
Aspen Technology AZPN carries a Zacks Rank #2.
Aspen’s shares have returned 22.3% in the year-to-date period against the Zacks Internet - Software industry’s decline of 52.6%. AZPN is scheduled to report second-quarter 2022 results on Aug 8.
Dell Technologies DELL carries a Zacks Rank #2.
Dell’s shares have fallen 22.3% in the year-to-date period compared with the Zacks Computers - IT Services industry’s decline of 34.6%. AZPN is scheduled to report second-quarter 2022 results on Aug 25.
Just Released: Zacks Top 10 Stocks for 2022
In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2022?
From inception in 2012 through 2021, the Zacks Top 10 Stocks portfolios gained an impressive +1,001.2% versus the S&P 500’s +348.7%. Now our Director of Research has combed through 4,000 companies covered by the Zacks Rank and has handpicked the best 10 tickers to buy and hold. Don’t miss your chance to get in…because the sooner you do, the more upside you stand to grab.
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
Dell Technologies Inc. (DELL): Free Stock Analysis Report
Ballard Power Systems, Inc. (BLDP): Free Stock Analysis Report
CoStar Group, Inc. (CSGP): Free Stock Analysis Report
Aspen Technology, Inc. (AZPN): 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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Dell Technologies DELL carries a Zacks Rank #2. Dell’s shares have fallen 22.3% in the year-to-date period compared with the Zacks Computers - IT Services industry’s decline of 34.6%. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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Dell Technologies DELL carries a Zacks Rank #2. Dell’s shares have fallen 22.3% in the year-to-date period compared with the Zacks Computers - IT Services industry’s decline of 34.6%. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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Dell Technologies DELL carries a Zacks Rank #2. Dell’s shares have fallen 22.3% in the year-to-date period compared with the Zacks Computers - IT Services industry’s decline of 34.6%. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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Dell Technologies DELL carries a Zacks Rank #2. Dell’s shares have fallen 22.3% in the year-to-date period compared with the Zacks Computers - IT Services industry’s decline of 34.6%. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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2022-07-27 00:00:00 UTC
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Can Continued Services Growth Aid Apple's (AAPL) Q3 Earnings?
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DELL
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https://www.nasdaq.com/articles/can-continued-services-growth-aid-apples-aapl-q3-earnings
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nan
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Apple’s AAPL third-quarter fiscal 2022 results, to be reported on Jul 28, are expected to have benefited from continued momentum in the Services business.
The segment, which includes revenues from the App Store, Apple Music, iCloud, Apple Arcade, Apple TV+, Apple News+ and Apple Card, accounted for 20.4% of sales in second-quarter fiscal 2022.
Apple currently has more than 825 million paid subscribers across its Services portfolio. The App Store continues to draw the attention of prominent developers from around the world, helping the company to offer appealing new apps that drive App Store traffic, thereby expanding the subscriber base.
Apple expects Services revenue growth to be in strong double digits. However, the growth rate is expected to be lower than the March quarter. Services revenues grew 17.3% from the year-ago quarter to $19.82 billion in fiscal second quarter.
Apple Inc. Revenue (TTM)
Apple Inc. revenue-ttm | Apple Inc. Quote
Click here to know how Apple’s overall third-quarter results are likely to be.
Apple’s Non-iPhone Portfolio to Boost Revenues
Apple’s non-iPhone portfolio, which comprises Mac, iPad and Wearables, is expected to have aided its top-line growth in the fiscal second quarter.
This Zacks Rank #3 (Hold) company’s Mac sales are expected to have remained strong. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Markedly, per Gartner’s latest report, 72 million PCs were shipped during the second quarter of 2022, down 12.6% from the year-ago period. Lenovo LNVGY, HP HPQ and Dell Technologies DELL witnessed 12.5%, 27.5% and 5.2% declines, respectively.
Overall, Lenovo remained the top vendor with a market share of 24.8%. HP holds the second spot with a market share of 18.8% in worldwide PC shipments. Dell’s market share was 18.5% in second-quarter 2022.
Apple’s market share, on the other hand, grew from 7.1% to 8.8%.
During the to-be-reported quarter, Apple introduced a new M2 chip and macOS Ventura, which features Stage Manager. Apple launched the M2-supported MacBook Air and 13-inch MacBook Pro.
The Zacks Consensus Estimate for Mac revenues for the fiscal third quarter stands at $8.70 billion, implying 5.6% growth from the figure reported in the year-ago quarter.
Apple is also riding on its strong market share in the wearables space. The company’s endeavor to add healthcare features to its smartwatch has been a game changer for the device, which faces significant competition from the likes of Google, Xiaomi, Samsung Electronics and Huawei Technologies.
However, iPad sales are expected to decline in the to-be-reported quarter. The Zacks Consensus Estimate for the same stands at $7.05 billion, suggesting a 4.4% decline from the figure reported in the year-ago quarter.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Just Released: Zacks Top 10 Stocks for 2022
In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2022?
From inception in 2012 through 2021, the Zacks Top 10 Stocks portfolios gained an impressive +1,001.2% versus the S&P 500’s +348.7%. Now our Director of Research has combed through 4,000 companies covered by the Zacks Rank and has handpicked the best 10 tickers to buy and hold. Don’t miss your chance to get in…because the sooner you do, the more upside you stand to grab.
See Stocks Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Apple Inc. (AAPL): Free Stock Analysis Report
HP Inc. (HPQ): Free Stock Analysis Report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
Lenovo Group Ltd. (LNVGY): 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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Lenovo LNVGY, HP HPQ and Dell Technologies DELL witnessed 12.5%, 27.5% and 5.2% declines, respectively. Dell’s market share was 18.5% in second-quarter 2022. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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Dell Technologies Inc. (DELL): Free Stock Analysis Report Lenovo LNVGY, HP HPQ and Dell Technologies DELL witnessed 12.5%, 27.5% and 5.2% declines, respectively. Dell’s market share was 18.5% in second-quarter 2022.
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Lenovo LNVGY, HP HPQ and Dell Technologies DELL witnessed 12.5%, 27.5% and 5.2% declines, respectively. Dell’s market share was 18.5% in second-quarter 2022. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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Lenovo LNVGY, HP HPQ and Dell Technologies DELL witnessed 12.5%, 27.5% and 5.2% declines, respectively. Dell’s market share was 18.5% in second-quarter 2022. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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2022-07-22 00:00:00 UTC
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Best Growth Stocks to Buy for July 22nd
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DELL
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https://www.nasdaq.com/articles/best-growth-stocks-to-buy-for-july-22nd
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Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, July 22nd:
Marathon Petroleum MPC: This leading independent refiner, transporter and marketer of petroleum products, carries a Zacks Rank #1(Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 86.8% over the last 60 days.
Marathon Petroleum Corporation Price and Consensus
Marathon Petroleum Corporation price-consensus-chart | Marathon Petroleum Corporation Quote
Marathon Petroleum has a PEG ratio of 0.24 compared with 0.47 for the industry. The company possesses a Growth Score of A.
Marathon Petroleum Corporation PEG Ratio (TTM)
Marathon Petroleum Corporation peg-ratio-ttm | Marathon Petroleum Corporation Quote
Dollar Tree DLTR: This company which operates as a discount variety stores offering merchandise and other assortments successfully and operates in major metropolitan areas, mid-sized cities, and small towns, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.8% over the last 60 days.
Dollar Tree, Inc. Price and Consensus
Dollar Tree, Inc. price-consensus-chart | Dollar Tree, Inc. Quote
Dollar Tree has a PEG ratio of 1.36 compared with 1.85 for the industry. The company possesses a Growth Score of B.
Dollar Tree, Inc. PEG Ratio (TTM)
Dollar Tree, Inc. peg-ratio-ttm | Dollar Tree, Inc. Quote
Dell Technologies DELL: This information technology solutions company which operates in segments consisting of Client Solutions, Enterprise Solutions Group and Dell Software Group, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.4% over the last 60 days.
Dell Technologies Inc. Price and Consensus
Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote
Dell Technologies has a PEG ratio of 0.53 compared with 0.66 for the industry. The company possesses a Growth Score of B.
Dell Technologies Inc. PEG Ratio (TTM)
Dell Technologies Inc. peg-ratio-ttm | Dell Technologies Inc. Quote
See the full list of top ranked stocks here.
Learn more about the Growth score and how it is calculated here.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s 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
Dollar Tree, Inc. (DLTR): Free Stock Analysis Report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
Marathon Petroleum Corporation (MPC): 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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Dollar Tree, Inc. PEG Ratio (TTM) Dollar Tree, Inc. peg-ratio-ttm | Dollar Tree, Inc. Quote Dell Technologies DELL: This information technology solutions company which operates in segments consisting of Client Solutions, Enterprise Solutions Group and Dell Software Group, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.4% over the last 60 days. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell Technologies has a PEG ratio of 0.53 compared with 0.66 for the industry. The company possesses a Growth Score of B. Dell Technologies Inc. PEG Ratio (TTM) Dell Technologies Inc. peg-ratio-ttm | Dell Technologies Inc. Quote See the full list of top ranked stocks here.
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Dollar Tree, Inc. PEG Ratio (TTM) Dollar Tree, Inc. peg-ratio-ttm | Dollar Tree, Inc. Quote Dell Technologies DELL: This information technology solutions company which operates in segments consisting of Client Solutions, Enterprise Solutions Group and Dell Software Group, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.4% over the last 60 days. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell Technologies has a PEG ratio of 0.53 compared with 0.66 for the industry. The company possesses a Growth Score of B. Dell Technologies Inc. PEG Ratio (TTM) Dell Technologies Inc. peg-ratio-ttm | Dell Technologies Inc. Quote See the full list of top ranked stocks here.
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Dollar Tree, Inc. PEG Ratio (TTM) Dollar Tree, Inc. peg-ratio-ttm | Dollar Tree, Inc. Quote Dell Technologies DELL: This information technology solutions company which operates in segments consisting of Client Solutions, Enterprise Solutions Group and Dell Software Group, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.4% over the last 60 days. The company possesses a Growth Score of B. Dell Technologies Inc. PEG Ratio (TTM) Dell Technologies Inc. peg-ratio-ttm | Dell Technologies Inc. Quote See the full list of top ranked stocks here. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell Technologies has a PEG ratio of 0.53 compared with 0.66 for the industry.
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The company possesses a Growth Score of B. Dell Technologies Inc. PEG Ratio (TTM) Dell Technologies Inc. peg-ratio-ttm | Dell Technologies Inc. Quote See the full list of top ranked stocks here. Dollar Tree, Inc. PEG Ratio (TTM) Dollar Tree, Inc. peg-ratio-ttm | Dollar Tree, Inc. Quote Dell Technologies DELL: This information technology solutions company which operates in segments consisting of Client Solutions, Enterprise Solutions Group and Dell Software Group, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.4% over the last 60 days. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell Technologies has a PEG ratio of 0.53 compared with 0.66 for the industry.
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725710.0
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2022-07-21 00:00:00 UTC
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CoStar Group (CSGP) to Post Q2 Earnings: What's in Store?
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DELL
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https://www.nasdaq.com/articles/costar-group-csgp-to-post-q2-earnings%3A-whats-in-store
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nan
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nan
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CoStar Group CSGP is stated to report second-quarter 2022 earnings on Jul 26.
The company expects second-quarter 2022 revenues between $529 and $534 million. Non-GAAP net income per share is anticipated between 20 to 21 cents based on 395 million shares.
For the second quarter, the Zacks Consensus Estimate for revenues currently stands at $532 million, suggesting growth of 10.76% from the year-ago quarter.
The consensus mark for second-quarter earnings remained unchanged at 21 cents per share over the past 30 days, indicating a decline of 19.23% from the year-ago quarter.
The company’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 13.29%.
CoStar Group, Inc. Price and EPS Surprise
CoStar Group, Inc. price-eps-surprise | CoStar Group, Inc. Quote
Factors to Note
CoStar Group’s second-quarter performance is likely to have benefited from the launch of its new solutions like the CoStar lender products and Listing of the Future. These new solutions are expected to have separated the company’s product portfolio from its competitors and helped it in winning market share.
The company launched CoStar lender products back in February, and it has already added over$1 million in annual revenues. The trend is expected to have continued in the to-be-reported quarter.
CoStar Group-owned Apartments.com launched Listing of the Future after analyzing the current consumer demand through a survey of 45,000 renters, out of which 94% want unit-specific floor plans and availability, while 82% want specific information about the location of units in a building and 63% are interested in the unit’s view.
Listing of the Future provides all of this information while eliminating time-consuming conversations between prospective renters and property managers. This leads to higher quality leads for each listing and is expected to have contributed to the company’s revenue growth as it has been experiencing more and more traffic on its online platform compared to its competitors like other online real estate market space peers Zillow Group, Inc. ZG and Redfin Corporation RDFN.
While CSGP’s competitors, Zillow Group and Redfin Corporation, have been decreasing advertisement spending due to tighter market conditions, the company has been increasing its investments in advertisements and brand promotions on various social media platforms like Tiktok, Instagram, Snapchat, YouTube and Facebook.
As a result, brand awareness about Apartments.Com has been increasing among customers, and property advertising has been increasing on the platform since March. Rising brand awareness along with better pricing power amid market volatility might have favored the top line and margins.
The company’s expansion of operation in France, which is one of the most important real estate markets in the world with an estimated $40 billion in annual investment transaction value, might have acted as a catalyst in the quarter to be reported.
However, rising inflation and the recent U.S. Federal Reserve rate hikes may have impacted the company’s top line negatively as demand for property renting might decline as mortgage rates go higher.
Rising inflation has been leading to the underbuilding of new properties relative to demand in the United States. The elevated mortgage rates have been discouraging homebuilders from starting new projects, which has led to a reduction in the number of properties people can actually rent. This might have weighed on the to-be-reported quarter’s performance.
What Our Model Unveils
Our proven model predicts an earnings beat for CoStar Groupthis time around. Per the Zacks model, 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.
However, that is not the case here. CoStar Group has a Zacks Rank #2 and an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
A Stock to Consider
Here is a company worth considering, as our model shows that it has the right combination of elements to beat on earnings in its upcoming release:
Dell Technologies DELL has an Earnings ESP of +3.07% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Dell’s shares have fallen 20.5% in the year-to-date period compared with the Zacks Computer and Technology sector’s decline of 39.3%.
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
Dell Technologies Inc. (DELL): Free Stock Analysis Report
CoStar Group, Inc. (CSGP): Free Stock Analysis Report
Zillow Group, Inc. (ZG): Free Stock Analysis Report
Redfin Corporation (RDFN): 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 Stock to Consider Here is a company worth considering, as our model shows that it has the right combination of elements to beat on earnings in its upcoming release: Dell Technologies DELL has an Earnings ESP of +3.07% and a Zacks Rank #1. Dell’s shares have fallen 20.5% in the year-to-date period compared with the Zacks Computer and Technology sector’s decline of 39.3%. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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Dell Technologies Inc. (DELL): Free Stock Analysis Report A Stock to Consider Here is a company worth considering, as our model shows that it has the right combination of elements to beat on earnings in its upcoming release: Dell Technologies DELL has an Earnings ESP of +3.07% and a Zacks Rank #1. Dell’s shares have fallen 20.5% in the year-to-date period compared with the Zacks Computer and Technology sector’s decline of 39.3%.
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A Stock to Consider Here is a company worth considering, as our model shows that it has the right combination of elements to beat on earnings in its upcoming release: Dell Technologies DELL has an Earnings ESP of +3.07% and a Zacks Rank #1. Dell’s shares have fallen 20.5% in the year-to-date period compared with the Zacks Computer and Technology sector’s decline of 39.3%. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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A Stock to Consider Here is a company worth considering, as our model shows that it has the right combination of elements to beat on earnings in its upcoming release: Dell Technologies DELL has an Earnings ESP of +3.07% and a Zacks Rank #1. Dell’s shares have fallen 20.5% in the year-to-date period compared with the Zacks Computer and Technology sector’s decline of 39.3%. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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725711.0
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2022-07-21 00:00:00 UTC
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Microsoft (MSFT) to Report Q4 Earnings: What's in the Cards?
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DELL
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https://www.nasdaq.com/articles/microsoft-msft-to-report-q4-earnings%3A-whats-in-the-cards
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nan
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nan
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Microsoft MSFT is set to report fourth-quarter fiscal 2022 results on Jul 26.
On Jun 2, Microsoft announced that it has lowered its fiscal fourth-quarter guidance, citing unfavorable foreign exchange rate movement. It expects to report between $51.94 billion and $52.74 billion in revenues for the quarter. The company had previously forecast fourth-quarter revenues in the range of $52.4 billion to $53.2 billion.
Microsoft also slightly cut its earnings forecast for the quarter, saying it now expects to report adjusted earnings per share (EPS) in the range of $2.24 to $2.32. Previously, the company projected adjusted EPS between $2.28 and $2.35.
The Zacks Consensus Estimate for revenues is pegged at $52.28 billion, implying growth of 13.28% from the figure reported in the year-ago quarter.
The consensus mark for earnings has declined 0.4% to $2.29 per share over the past 30 days, suggesting 5.53% growth from the figure reported in the year-ago quarter.
Microsoft’s earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 8.63%.
Let’s see how things have shaped up for the upcoming announcement:
Microsoft Corporation Price and Consensus
Microsoft Corporation price-consensus-chart | Microsoft Corporation Quote
Teams Momentum to Aid Growth
Continued strength in its cloud computing platform, Azure, is expected to have positively impacted the Microsoft’s fiscal fourth-quarter numbers. Azure is witnessing rapid adoption owing to the accelerated digital transformation by business enterprises globally. Microsoft’s industry-specific cloud offering is also driving adoption.
Intelligent Cloud revenues are anticipated between $21.1 billion and $21.35 billion in the fiscal fourth quarter. Azure's revenue growth is likely to have been aided by continued strength in consumption-based services.
The Zacks Consensus Estimate for Intelligent Cloud revenues is currently pegged at $21.13 billion, indicating 21.6% growth from the figure reported in the year-ago quarter.
The momentum witnessed for Teams, Microsoft’s workspace communication offering, might have acted as a tailwind. Teams’ user growth is expected to have been driven by the continuation of remote work and mainstream adoption of the hybrid/flexible work model.
Teams’ monthly user base count has surpassed 270 million so far in 2022. The introductions of Teams Rooms, Mesh for Teams and Teams Essentials are noteworthy developments.
Teams’ expanding customer base and features are actually helping Microsoft win share in the enterprise communication market against Zoom ZM.
At the end of first-quarter fiscal 2023, Zoom had over 198,900 enterprise customers, up 24% year over year. Moreover, 2,916 customers contributed more than $100,000 to the trailing 12 months’ revenues, up 46% year over year.
A solid uptick in Teams and strong Azure demand instill investors’ confidence in Microsoft.
Strong adoption of Dynamics 365 is expected to have driven top-line growth in the to-be-reported quarter. Microsoft expects revenue growth for Dynamics to be in the mid-20% range, driven by strength in Dynamics 365, including continued momentum in PowerApps.
Shares of Microsoft are down 22.1% year to date against Zoom’s plunge of 41.8%. Microsoft currently carries a Zacks Rank #4 (Sell). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
PC Shipment Decline Likely to Have Hurt Top Line
Revenues from Windows are likely to have been driven by steady traction seen in Windows Commercial products and cloud services growth amid weak PC demand.
Per IDC data, 71.3 million PCs were shipped during the second quarter, down 15.3% from the year-ago period, primarily due to supply chain and geopolitical challenges, backed by lockdowns in China and persistent macroeconomic headwinds.
Among big PC vendors, Dell Technologies DELL, Apple AAPL and ASUS registered a decrease in shipments.
While Apple had a market share of 6.7%, Dell registered a market share of 18.5%. Dell’s PC sales declined 5.3% year over year to 13.2 million units, while Apple witnessed a decrease of 22.5% to 4.8 million units.
Microsoft expects Surface revenues to grow in the lower double-digit range, driven by steady demand for premium devices.
Windows’ commercial products and cloud services revenues are expected to grow in the low double-digit range, driven by demand for Microsoft 365 and advanced security solutions. The consensus mark for revenues from Windows stands at $7.24 billion.
More Personal Computing revenues are expected between $14.65 billion and $14.95 billion. The company expects overall Windows OEM revenues to increase in the low to mid-single digit range, driven by the continued shift to a commercial-led PC market where revenues per license is higher.
The Zacks Consensus Estimate for More Personal Computing revenues is currently pegged at $14.71 billion, indicating 4.5% growth from the figure reported in the year-ago quarter.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 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
Apple Inc. (AAPL): Free Stock Analysis Report
Microsoft Corporation (MSFT): Free Stock Analysis Report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
Zoom Video Communications, Inc. (ZM): 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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Among big PC vendors, Dell Technologies DELL, Apple AAPL and ASUS registered a decrease in shipments. While Apple had a market share of 6.7%, Dell registered a market share of 18.5%. Dell’s PC sales declined 5.3% year over year to 13.2 million units, while Apple witnessed a decrease of 22.5% to 4.8 million units.
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Among big PC vendors, Dell Technologies DELL, Apple AAPL and ASUS registered a decrease in shipments. While Apple had a market share of 6.7%, Dell registered a market share of 18.5%. Dell’s PC sales declined 5.3% year over year to 13.2 million units, while Apple witnessed a decrease of 22.5% to 4.8 million units.
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Among big PC vendors, Dell Technologies DELL, Apple AAPL and ASUS registered a decrease in shipments. While Apple had a market share of 6.7%, Dell registered a market share of 18.5%. Dell’s PC sales declined 5.3% year over year to 13.2 million units, while Apple witnessed a decrease of 22.5% to 4.8 million units.
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Among big PC vendors, Dell Technologies DELL, Apple AAPL and ASUS registered a decrease in shipments. While Apple had a market share of 6.7%, Dell registered a market share of 18.5%. Dell’s PC sales declined 5.3% year over year to 13.2 million units, while Apple witnessed a decrease of 22.5% to 4.8 million units.
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725712.0
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2022-07-21 00:00:00 UTC
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Can the PC Market Bounce Back From Its Recent Declines?
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DELL
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https://www.nasdaq.com/articles/can-the-pc-market-bounce-back-from-its-recent-declines
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nan
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nan
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Global PC sales that skyrocketed during the peak of the pandemic have once again started declining. Demand for PCs has been slowing over the past few years, but the pandemic helped sales to rebound as millions worked and learned remotely. As things get back to normal, with people once again going back to offices and schools, demand for PCs, which include laptops and tablets, seems to be dwindling once again.
However, the economic reopening isn’t the only reason that can be traced back to the decline in global PC sales. The industry is facing several challenges, including a supply-chain crisis, and needs to overcome several other barriers to bounce back from the present situation.
Global PC Shipments Declining Again
The pandemic rattled several industries but also gave a fresh lease of life to many others. Among them, the PC market was one of the biggest beneficiaries. However, things have changed once again and sales are plummeting this year.
According to a report from Gartner, global PC shipments totaled 72 million units in the second quarter of 2022. The number might look impressive, but when compared to the previous year, the decline is 12.6%. Moreover, this is the sharpest decline in nine years.
PC sales started slowing last year after the economy started reopening. However, it was still on track. The decline started in the first quarter of 2022 and sales further plummeted in the second quarter. One of the major reasons for the decline in 2022 is a drop in sales of Alphabet, Inc.’s GOOGL Chromebook. Global PC shipments totaled 77.9 million units in the first quarter of 2022.
Overall, 2022 has so far been quite difficult for the industry and if the challenges continue, global PC shipments will decline 9.5% year over year in 2022, according to a separate report from Gartner.
Global shipments of all types of devices, such as PCs, tablets and smartphones, are expected to decline by 7.6% in 2022.
Challenges Aplenty
The decline in the second quarter has been impacting the big players the most. Although their ranking remained the same, the top three PC manufacturers have also witnessed the biggest decline during this period. Lenovo Group Limited LNVGY, which is still the market leader, saw a decline of 12.5% in its PC shipments in the second quarter of 2022. Although Lenovo Group Limited grew 2% in the global PC market, this is the third consecutive quarter of decline for the company.
HP Inc. HPQ still holds the second position with a market share of 18.8%. However, HPQ’s PC shipments declined 27.5% in the second quarter, the worst drop among the top players. Dell Technologies Inc. DELL is the third largest player. DELL saw shipments declining 5.2% in second-quarter 2022. Dell Technologies’ decline is relatively lower compared HP Inc., which helped it inch closer to HPQ in terms of market share. Dell now has a market share of 18.5%.
However, market shares don’t count much when compared to the sharp declines witnessed by these companies.
Apple, Inc. AAPL is the only company among the top five to have registered growth — 9.3% from the previous quarter — in the second quarter. AAPL currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
That said, the decline in PC shipments is due to several reasons. The ongoing geopolitical instability is hampering production and supply chain, as many companies have stopped production in their units in Russia.
Moreover, inflationary pressures have made people spend cautiously, which saw demand for Chromebooks decline in the second quarter. Also, delivery delays have been affecting the sales of PCs.
Major reasons behind the supply-chain crisis are the shortage of components, especially semiconductors and logistic disruptions. Enterprise buyers have been waiting for the longest time to get deliveries this year.
However, the good news is that the situation began to improve by the end of the second quarter, which may now fasten deliveries. Cities in China have started reopening after the sudden COVID-19-induced lockdown earlier this year, which is likely to expedite production.
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
Apple Inc. (AAPL): Free Stock Analysis Report
HP Inc. (HPQ): Free Stock Analysis Report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
Lenovo Group Ltd. (LNVGY): Free Stock Analysis Report
Alphabet Inc. (GOOGL): 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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Dell Technologies’ decline is relatively lower compared HP Inc., which helped it inch closer to HPQ in terms of market share. Dell Technologies Inc. DELL is the third largest player. DELL saw shipments declining 5.2% in second-quarter 2022.
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Dell Technologies Inc. (DELL): Free Stock Analysis Report Dell Technologies Inc. DELL is the third largest player. DELL saw shipments declining 5.2% in second-quarter 2022.
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Dell Technologies Inc. DELL is the third largest player. DELL saw shipments declining 5.2% in second-quarter 2022. Dell Technologies’ decline is relatively lower compared HP Inc., which helped it inch closer to HPQ in terms of market share.
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Dell Technologies Inc. DELL is the third largest player. DELL saw shipments declining 5.2% in second-quarter 2022. Dell Technologies’ decline is relatively lower compared HP Inc., which helped it inch closer to HPQ in terms of market share.
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2022-07-20 00:00:00 UTC
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AMD Partners With Dell to Launch Alienware m17 R5 Gaming Laptop
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DELL
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https://www.nasdaq.com/articles/amd-partners-with-dell-to-launch-alienware-m17-r5-gaming-laptop
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nan
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nan
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Advanced Micro Devices AMD recently collaborated with Dell Technologies DELL to launch the most powerful 17” AMD Advantage laptop — Alienware m17 r5 Gaming Laptop.
The new laptop is integrated with AMD Ryzen 6000 series processors, AMD Radeon™ RX 6000 series graphics, and new AMD Smart Technologies. This laptop has been designed specifically to address the gaming sector as it will feature new display technology — AMD Smartshift Max — to help boost gaming performance and save battery life.
Per International Data Corporation (“IDC”), PC sales were down 15.3% year over year to 71.3 million units during the June quarter, which was higher than the first quarter's decline rate of 5.1% and is the worst drop in many years.
In the 2020-2021 period, PC manufacturers were benefiting from increased demand amid the pandemic-induced remote-working and online learning trend. However, the recent back-to-back declines in PC shipments reflect that this was a momentary boom, and there has been a slump in PC demand.
To counter this issue, AMD has been diversifying its product portfolio to cater to new and trending markets like cloud, gaming and data center.
The company has constantly been improving the performance of its Ryzen processors to help address the increasing proliferation of AI and Machine Learning (ML) in industries like cloud, gaming and data center.
This has impacted AMD's first-quarter 2022 revenues positively and is expected to aid its 2022 top-line growth.
Advanced Micro Devices, Inc. Price and Consensus
Advanced Micro Devices, Inc. price-consensus-chart | Advanced Micro Devices, Inc. Quote
AMD Forays Into Gaming Industry to Boost Share Prices
AMD's shares have slumped 38.2% compared with the Zacks Electronics - Semiconductors industry's and the Zacks Computer and Technology sector's decline of 29.3% and 40.8%, respectively, in the year-to-date period.
The decline was primarily due to the global supply chain challenges that have affected the semiconductor industry, the ongoing Russia-Ukraine war, rising inflation and interest rate hike by the U.S. Federal Reserve, which has led to the recent fall in PC demand as the market slips into recession.
Stiff competition from peers like NVIDIA NVDA remains a concern.
Dell recently launched another gaming laptop Dell G16, which is designed for PC gamers and is powered by NVIDIA RTX graphics card and NVIDIA® GeForce RTX 3070 Ti Laptop GPU. These features put it in direct competition with AMD in the gaming industry.
However, AMD is anticipated to benefit from this due to its plans to address new markets, accelerate data center growth, and enter the AI and AR spaces with its launch of various new products.
Specifically, AMD is expected to benefit from the rising gaming industry that will reach$545.98 billion by 2028 while witnessing a CAGR of 13.20% between 2021 and 2028, per Fortune Business Insights.
AMD has been investing heavily in acquisitions, which have been generating positive ROI for the company as these buyouts are helping in addressing uncharted high-margin markets.
As such, AMD’s strategic acquisitions of Xilinx and Pensando will help the company address its expansion in uncharted AR space and data center business with its collaborated products.
The recent buyout of Xilinx has helped AMD collaborate with Meta Platforms META to enter the Metaverse.
AMD has become Meta’s ecosystem partner, and AMD’s radio chip, Xilinx Zynq UltraScale RFSoC, will be utilized to develop a metaverse-ready radio access unit.
The company’s strong product portfolio and the strategy to enter new and emerging markets like Gaming and the Metaverse will aid its revenue growth.
AMD currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Advanced Micro Devices, Inc. (AMD): Free Stock Analysis Report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
NVIDIA Corporation (NVDA): Free Stock Analysis Report
Meta Platforms, Inc. (META): 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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Advanced Micro Devices AMD recently collaborated with Dell Technologies DELL to launch the most powerful 17” AMD Advantage laptop — Alienware m17 r5 Gaming Laptop. Dell recently launched another gaming laptop Dell G16, which is designed for PC gamers and is powered by NVIDIA RTX graphics card and NVIDIA® GeForce RTX 3070 Ti Laptop GPU. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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Advanced Micro Devices AMD recently collaborated with Dell Technologies DELL to launch the most powerful 17” AMD Advantage laptop — Alienware m17 r5 Gaming Laptop. Dell recently launched another gaming laptop Dell G16, which is designed for PC gamers and is powered by NVIDIA RTX graphics card and NVIDIA® GeForce RTX 3070 Ti Laptop GPU. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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Advanced Micro Devices AMD recently collaborated with Dell Technologies DELL to launch the most powerful 17” AMD Advantage laptop — Alienware m17 r5 Gaming Laptop. Dell recently launched another gaming laptop Dell G16, which is designed for PC gamers and is powered by NVIDIA RTX graphics card and NVIDIA® GeForce RTX 3070 Ti Laptop GPU. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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Advanced Micro Devices AMD recently collaborated with Dell Technologies DELL to launch the most powerful 17” AMD Advantage laptop — Alienware m17 r5 Gaming Laptop. Dell recently launched another gaming laptop Dell G16, which is designed for PC gamers and is powered by NVIDIA RTX graphics card and NVIDIA® GeForce RTX 3070 Ti Laptop GPU. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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2022-07-18 00:00:00 UTC
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Best Growth Stocks to Buy for July 18th
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DELL
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https://www.nasdaq.com/articles/best-growth-stocks-to-buy-for-july-18th
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nan
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Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, July 18th:
Lantheus LNTH: This company which is involved in developing, manufacturing, selling and distributing diagnostic medical imaging agents and products for the diagnosis of cardiovascular and other diseases, carries a Zacks Rank #1(Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.3% over the last 60 days.
Lantheus Holdings, Inc. Price and Consensus
Lantheus Holdings, Inc. price-consensus-chart | Lantheus Holdings, Inc. Quote
Lantheus has a PEG ratio of 0.67 compared with 0.91 for the industry. The company possesses a Growth Score of A.
Lantheus Holdings, Inc. PEG Ratio (TTM)
Lantheus Holdings, Inc. peg-ratio-ttm | Lantheus Holdings, Inc. Quote
Afya AFYA: This New York-based company which is a medical education group primarily in Brazil, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 16.5% over the last 60 days.
Afya Limited Price and Consensus
Afya Limited price-consensus-chart | Afya Limited Quote
Afyahas a PEG ratio of 0.28 compared with 0.78 for the industry. The company possesses a Growth Score of B.
Afya Limited PEG Ratio (TTM)
Afya Limited peg-ratio-ttm | Afya Limited Quote
Dell Technologies DELL: Thisinformation technology solutions company which operates in segments consisting of Client Solutions, Enterprise Solutions Group and Dell Software Group, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days.
Dell Technologies Inc. Price and Consensus
Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote
Dell Technologieshas a PEG ratio of 0.51 compared with 0.85 for the industry. The company possesses a Growth Score of B.
Dell Technologies Inc. PEG Ratio (TTM)
Dell Technologies Inc. peg-ratio-ttm | Dell Technologies Inc. Quote
See the full list of top ranked stocks here.
Learn more about the Growth score and how it is calculated here.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s 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 >>
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Afya Limited (AFYA): 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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The company possesses a Growth Score of B. Afya Limited PEG Ratio (TTM) Afya Limited peg-ratio-ttm | Afya Limited Quote Dell Technologies DELL: Thisinformation technology solutions company which operates in segments consisting of Client Solutions, Enterprise Solutions Group and Dell Software Group, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell Technologieshas a PEG ratio of 0.51 compared with 0.85 for the industry. The company possesses a Growth Score of B. Dell Technologies Inc. PEG Ratio (TTM) Dell Technologies Inc. peg-ratio-ttm | Dell Technologies Inc. Quote See the full list of top ranked stocks here.
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The company possesses a Growth Score of B. Afya Limited PEG Ratio (TTM) Afya Limited peg-ratio-ttm | Afya Limited Quote Dell Technologies DELL: Thisinformation technology solutions company which operates in segments consisting of Client Solutions, Enterprise Solutions Group and Dell Software Group, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days. The company possesses a Growth Score of B. Dell Technologies Inc. PEG Ratio (TTM) Dell Technologies Inc. peg-ratio-ttm | Dell Technologies Inc. Quote See the full list of top ranked stocks here. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell Technologieshas a PEG ratio of 0.51 compared with 0.85 for the industry.
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The company possesses a Growth Score of B. Afya Limited PEG Ratio (TTM) Afya Limited peg-ratio-ttm | Afya Limited Quote Dell Technologies DELL: Thisinformation technology solutions company which operates in segments consisting of Client Solutions, Enterprise Solutions Group and Dell Software Group, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days. The company possesses a Growth Score of B. Dell Technologies Inc. PEG Ratio (TTM) Dell Technologies Inc. peg-ratio-ttm | Dell Technologies Inc. Quote See the full list of top ranked stocks here. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell Technologieshas a PEG ratio of 0.51 compared with 0.85 for the industry.
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The company possesses a Growth Score of B. Dell Technologies Inc. PEG Ratio (TTM) Dell Technologies Inc. peg-ratio-ttm | Dell Technologies Inc. Quote See the full list of top ranked stocks here. The company possesses a Growth Score of B. Afya Limited PEG Ratio (TTM) Afya Limited peg-ratio-ttm | Afya Limited Quote Dell Technologies DELL: Thisinformation technology solutions company which operates in segments consisting of Client Solutions, Enterprise Solutions Group and Dell Software Group, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell Technologieshas a PEG ratio of 0.51 compared with 0.85 for the industry.
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0f0195f5-d661-4363-bf9b-9f1e338f2e73
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725715.0
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2022-07-15 00:00:00 UTC
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World Reimagined: The Rise of Remote Work and Where Investors Can Find Opportunities
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DELL
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https://www.nasdaq.com/articles/world-reimagined%3A-the-rise-of-remote-work-and-where-investors-can-find-opportunities
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nan
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nan
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T
he global health crisis over the past few years inadvertently kicked off a worldwide experiment in alternative work logistics. The experience altered the preferences and expectations of many employees and delivered unexpected potential benefits along with challenges for businesses. For investors, this evolution brings opportunities that are likely to expand even further if the economy stumbles.
What is the magnitude of the opportunity?
According to WFH Research, roughly 5% of full paydays were remote pre-pandemic and rose to about 60% at the very peak of the pandemic. From the monthly polls conducted by WFH Research, the summer of 2022 is likely to see a drop to around 25% of total remote paydays, a fivefold increase over pre-pandemic levels with expectations that it will continue to rise in the coming years. Prior to the pandemic, the number of remote workdays doubled every 12 to 13 years, which means that roughly 50 years of growth were compressed into around two years.
This trend is likely here to stay. Here’s why:
The ability to work remotely is estimated to be equivalent to, from an employee’s perspective, a roughly 8% pay increase, according to Nicolas Bloom of WFH Research, and this leads to a material reduction in quit rates.
Employers have seen productivity improvements that vary depending on which poll you look at, but overall, the impact of remote work has been positive.
Remote work has been found to help companies develop a more diverse workforce as the flexibility opens opportunities for those with differing needs and preferences. Research has found that those who perceive themselves to be minorities in their workplace often have the highest preferences for remote work. Companies with more diverse workforces have been shown to outperform those with less diversity.
Office space may become an area of cost savings, but that has yet to materialize yet. We expect that it will take time and experimentation for companies to determine the right layout and amount of workspace required. We expect that office spaces will evolve more towards meeting spaces with fewer individual offices and cubicles. This will present investment opportunities in the future.
Economic impact of WFH
As CEO of GitLab (GTLB) Sid Sijbrandij put it, “When no one is in the office, and we strip away all optics surrounding professionalism and hard work, all that’s left is the results.” Managers will need to focus more on results when the need for facetime no longer exists. Communication methods and expectations will need to evolve.
The shift away from commutes into large city centers will impact neighborhood economies. A study from the Becker Friedman Institute titled “Why working from home will stick,” found that the shift to remote will directly reduce spending in major city centers by at least 5-10% relative to pre-pandemic levels and will boost productivity by around 5% due to re-optimized working arrangements, but only 20% of this gain will show up in conventional productivity measures because they do not capture the time savings from reduced commutes.
Remote work has been fueling suburban home values, which have been rising faster than those in urban areas. Those who can work remotely are choosing affordability and more space over shorter commutes, according to data from Zillow (Z). Around half of the 23.8% growth in home prices since late 2019 can be attributed to the increase in remote work options, according to data from the National Bureau of Economic Research (NBER).
Investment Opportunities
Those moving out of large city centers will be looking for a place to live that suits their new lifestyle. A home builder that could benefit from this is Meritage Homes (MTH), which focuses on building energy-efficient, entry-level and first move-up homes in some of the Sunshine Belt area and southeast.
The workforce is likely to experience changes as well in the coming months and years as remote work opportunities attract those for whom traditional, city center, in-office work is undesirable or not feasible. The pandemic saw the single largest decline in the labor force in history. As of May 2022, the labor force is still smaller than the December 2019 high, something wholly unprecedented in the nation’s history; there are a lot of people on the sidelines.
The most recent Michigan Consumer Sentiment Survey also found that the percentage of respondents anticipating a comfortable retirement is at a 9-year low. No wonder they feel that way given that we are experiencing the largest nominal drawdown for the combined bond and stock market on record. We have also seen the personal saving rate drop back to levels not seen since the immediate aftermath of the Great Financial Crisis.
A recession would mean that more people will lose their jobs and more people would come off the sidelines and return to the workforce to bolster their savings. We could also see more people adding freelance work to their full-time positions. All together this creates a tailwind for companies that support both remote work, entrepreneurs and freelancers.
Fiverr International (FVRR) is a global marketplace that connects freelancers and businesses for digital services. Aside from being attractive to people coming off the sidelines as freelancers and those adding freelance work to their full-time positions, if we were to have a recession, companies would be more likely to look to freelancers rather than hiring new full-time employees, which would also be another tailwind for Fiverr.
Another company geared toward the entrepreneur is Wix.com (WIX), which provides website templates and tools to make it easy for users to create their own website. It also provides e-commerce tools. This offering would be attractive to those coming off the sidelines, those who are looking to augment their income, and those who choose entrepreneurship over looking for a new job.
As we mentioned earlier, remote work means that managerial techniques and inter-office communication will need to evolve. Atlassian Corporation PLC (TEAM) provides software that facilitates teamwork, from project planning and management to collaboration tools to IT help desk solutions. With flexibility increasingly vital for success, the Atlassian Marketplace offers more than 5,300 apps and integrations.
Remote work also means more complex infrastructure which is a tailwind for VMWare (VMW), which became a stand-alone entity in November 2021 after spinning off from Dell Technologies (DELL) and offers cloud infrastructure and business mobility solutions. Software development is an area that has seen a higher level of remote work adoption than other areas which is a tailwind for the software development platform company GitLab.
Zoom Communications (ZM) is a rather obvious candidate for the remote work economy, and while its share price has dropped from its October 2020 highs, the company is still growing at an impressive pace with revenue up 54% YoY in their second quarter for fiscal 2022. That’s astounding growth considering the base was during the height of the pandemic. On top of that, the company generates around 45% free cash flow margins and added $400 million in cash to its coffers last quarter – that’s what you like to see as we head into a potential recession.
For those preferring funds over individual shares, Direxion launched the Work From Home ETF (WFH) in June 2020, and soon after, in September 2020, iShares launched the Virtual Work and Life Multisector ETF (IWFH).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Remote work also means more complex infrastructure which is a tailwind for VMWare (VMW), which became a stand-alone entity in November 2021 after spinning off from Dell Technologies (DELL) and offers cloud infrastructure and business mobility solutions. Here’s why: The ability to work remotely is estimated to be equivalent to, from an employee’s perspective, a roughly 8% pay increase, according to Nicolas Bloom of WFH Research, and this leads to a material reduction in quit rates. Economic impact of WFH As CEO of GitLab (GTLB) Sid Sijbrandij put it, “When no one is in the office, and we strip away all optics surrounding professionalism and hard work, all that’s left is the results.” Managers will need to focus more on results when the need for facetime no longer exists.
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Remote work also means more complex infrastructure which is a tailwind for VMWare (VMW), which became a stand-alone entity in November 2021 after spinning off from Dell Technologies (DELL) and offers cloud infrastructure and business mobility solutions. The workforce is likely to experience changes as well in the coming months and years as remote work opportunities attract those for whom traditional, city center, in-office work is undesirable or not feasible. Aside from being attractive to people coming off the sidelines as freelancers and those adding freelance work to their full-time positions, if we were to have a recession, companies would be more likely to look to freelancers rather than hiring new full-time employees, which would also be another tailwind for Fiverr.
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Remote work also means more complex infrastructure which is a tailwind for VMWare (VMW), which became a stand-alone entity in November 2021 after spinning off from Dell Technologies (DELL) and offers cloud infrastructure and business mobility solutions. A study from the Becker Friedman Institute titled “Why working from home will stick,” found that the shift to remote will directly reduce spending in major city centers by at least 5-10% relative to pre-pandemic levels and will boost productivity by around 5% due to re-optimized working arrangements, but only 20% of this gain will show up in conventional productivity measures because they do not capture the time savings from reduced commutes. The workforce is likely to experience changes as well in the coming months and years as remote work opportunities attract those for whom traditional, city center, in-office work is undesirable or not feasible.
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Remote work also means more complex infrastructure which is a tailwind for VMWare (VMW), which became a stand-alone entity in November 2021 after spinning off from Dell Technologies (DELL) and offers cloud infrastructure and business mobility solutions. Remote work has been found to help companies develop a more diverse workforce as the flexibility opens opportunities for those with differing needs and preferences. The shift away from commutes into large city centers will impact neighborhood economies.
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9c93b25f-7751-45e3-8903-dcc360b3b3a2
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725716.0
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2022-07-14 00:00:00 UTC
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Best Growth Stocks to Buy for July 14th
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DELL
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https://www.nasdaq.com/articles/best-growth-stocks-to-buy-for-july-14th
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nan
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nan
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Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, July 14th:
Sysco Corporation SYY: This food and related products marketing and distribution company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.6% over the last 60 days.
Sysco Corporation Price and Consensus
Sysco Corporation price-consensus-chart | Sysco Corporation Quote
Sysco has a PEG ratio of 2.22 compared with 2.83 for the industry. The company possesses a Growth Score of A.
Sysco Corporation PEG Ratio (TTM)
Sysco Corporation peg-ratio-ttm | Sysco Corporation Quote
Dell Technologies Inc. DELL: This information technology solutions, products and services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days.
Dell Technologies Inc. Price and Consensus
Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote
Dell has a PEG ratio of 0.51 compared with 0.84 for the industry. The company possesses a Growth Score of B.
Dell Technologies Inc. PEG Ratio (TTM)
Dell Technologies Inc. peg-ratio-ttm | Dell Technologies Inc. Quote
Synopsys, Inc. SNPS: This company that provides electronic design automation software products used to design and test integrated circuits carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.2% over the last 60 days.
Synopsys, Inc. Price and Consensus
Synopsys, Inc. price-consensus-chart | Synopsys, Inc. Quote
Synopsys has a PEG ratio of 1.85 compared with 9.20 for the industry. The company possesses a Growth Score of B.
Synopsys, Inc. PEG Ratio (TTM)
Synopsys, Inc. peg-ratio-ttm | Synopsys, Inc. Quote
See the full list of top ranked stocks here.
Learn more about the Growth score and how it is calculated here.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s 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
Dell Technologies Inc. (DELL): Free Stock Analysis Report
Synopsys, Inc. (SNPS): Free Stock Analysis Report
Sysco Corporation (SYY): 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 company possesses a Growth Score of B. Dell Technologies Inc. PEG Ratio (TTM) Dell Technologies Inc. peg-ratio-ttm | Dell Technologies Inc. Quote Synopsys, Inc. SNPS: This company that provides electronic design automation software products used to design and test integrated circuits carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.2% over the last 60 days. The company possesses a Growth Score of A. Sysco Corporation PEG Ratio (TTM) Sysco Corporation peg-ratio-ttm | Sysco Corporation Quote Dell Technologies Inc. DELL: This information technology solutions, products and services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell has a PEG ratio of 0.51 compared with 0.84 for the industry.
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The company possesses a Growth Score of A. Sysco Corporation PEG Ratio (TTM) Sysco Corporation peg-ratio-ttm | Sysco Corporation Quote Dell Technologies Inc. DELL: This information technology solutions, products and services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days. The company possesses a Growth Score of B. Dell Technologies Inc. PEG Ratio (TTM) Dell Technologies Inc. peg-ratio-ttm | Dell Technologies Inc. Quote Synopsys, Inc. SNPS: This company that provides electronic design automation software products used to design and test integrated circuits carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.2% over the last 60 days. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell has a PEG ratio of 0.51 compared with 0.84 for the industry.
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The company possesses a Growth Score of A. Sysco Corporation PEG Ratio (TTM) Sysco Corporation peg-ratio-ttm | Sysco Corporation Quote Dell Technologies Inc. DELL: This information technology solutions, products and services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days. The company possesses a Growth Score of B. Dell Technologies Inc. PEG Ratio (TTM) Dell Technologies Inc. peg-ratio-ttm | Dell Technologies Inc. Quote Synopsys, Inc. SNPS: This company that provides electronic design automation software products used to design and test integrated circuits carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.2% over the last 60 days. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell has a PEG ratio of 0.51 compared with 0.84 for the industry.
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The company possesses a Growth Score of A. Sysco Corporation PEG Ratio (TTM) Sysco Corporation peg-ratio-ttm | Sysco Corporation Quote Dell Technologies Inc. DELL: This information technology solutions, products and services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell has a PEG ratio of 0.51 compared with 0.84 for the industry. The company possesses a Growth Score of B. Dell Technologies Inc. PEG Ratio (TTM) Dell Technologies Inc. peg-ratio-ttm | Dell Technologies Inc. Quote Synopsys, Inc. SNPS: This company that provides electronic design automation software products used to design and test integrated circuits carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.2% over the last 60 days.
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096228b5-ca22-4264-987e-e64c3a676872
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725717.0
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2022-07-13 00:00:00 UTC
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CGI Group's (GIB) All Payments Solution Selected by PTC
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DELL
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https://www.nasdaq.com/articles/cgi-groups-gib-all-payments-solution-selected-by-ptc
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nan
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nan
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CGI Group GIB recently announced that Peoples Group division, Peoples Trust Company (“PTC”), has selected its CGI All Payments to expand its payments capabilities. CGI All Payments will help PTC modernize and digitize its payment systems and expand its payment offerings for customers.
Automated Clearing Settlement System (“ACSS”) is the system through which Canadian cheques and electronic payments are cleared and settled. In June, PTC became the first new direct participant in Canada’s ACSS in almost 40 years.
CGI All Payments, which is a cloud-based platform-as-a-service (PaaS) solution, is gaining traction among banks simply because it helps them rapidly deploy the end-to-end payments processing systems. The company has been winning financial services on a regular basis, driven by its expanding portfolio of solutions.
CGI won a contract from P27 Nordic Payments, a joint initiative by Danske Bank, Handelsbanken, Nordea, OP Financial Group, SEB and Swedbank, in the second quarter of 2022. The joint venture selected CGI to deliver a highly secure and available office IT environment in support of its aim to build the world's first real-time, cross-border payment system in multiple currencies.
What Awaits CGI Shares in the Rest of 2022?
CGI shares have lost 8.1% in the year-to-date period, outperforming the Zacks Computer & Technology sector’s decline of 29.1% over the same time frame.
CGI Group, Inc. Price and Consensus
CGI Group, Inc. price-consensus-chart | CGI Group, Inc. Quote
CGI is benefiting from a huge backlog that stood at CAD 23.1 billion at the end of the second quarter, representing 1.9 times of revenues, the vast majority of which was comprised of long-term managed services and digital transformation engagements.
CGI is well poised to benefit from the fact that clients are planning to modernize their application portfolios. Moreover, strategic acquisitions like Umanis and Harwell are noteworthy.
The buyout of Umanis expands CGI’s position across Western and Southern Europe. The recently announced acquisition of Harwell, a management consulting firm, expands CGI’s presence in France along with its financial services clientele.
The acquisition strengthens CGI’s business consulting capabilities across retail banking, corporate and investment banking, capital markets, insurance, and other specialized banking-related services such as energy trading and asset management.
Zacks Rank & Other Stocks to Consider
CGI currently has a Zacks Rank #2 (Buy).
The Zacks Consensus Estimate for CGI’s third-quarter fiscal 2022 earnings stand at $1.18 per share, unchanged in the past 30 days. The consensus mark for revenues is pegged at $2.55 billion, suggesting 3.56% growth from the figure reported in the year-ago quarter.
Broadcom AVGO, Aspen Technology AZPN and Dell DELL are top-ranked stocks in the broader sector. All three sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Broadcom’s third-quarter fiscal 2022 earnings stands at $9.62 per share, unchanged in the past 30 days.
The consensus mark for AVGO’s revenues is pegged at $8.41 billion, suggesting 24.01% growth from the figure reported in the year-ago quarter.
The Zacks Consensus Estimate for Aspen’s fourth-quarter fiscal 2022 earnings stands at $2.16 per share, unchanged in the past 30 days.
The consensus mark for AZPN’s revenues is pegged at $297.42 million, suggesting 50.24% growth from the figure reported in the year-ago quarter.
The Zacks Consensus Estimate for Dell’s second-quarter fiscal 2023 earnings stands at $1.62 per share, unchanged in the past 30 days.
The consensus mark for Dell’s revenues is pegged at $26.75 billion, suggesting 2.35% growth from the figure reported in the year-ago quarter.
Zacks' Top Picks to Cash in on Electric Vehicles
Big money has already been made in the Electric Vehicle (EV) industry. But, the EV revolution has not hit full throttle yet. There is a lot of money to be made as the next push for future technologies ramps up. Zacks’ Special Report reveals 5 picks investors
See 5 EV Stocks With Extreme Upside Potential >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
Broadcom Inc. (AVGO): Free Stock Analysis Report
CGI Group, Inc. (GIB): Free Stock Analysis Report
Aspen Technology, Inc. (AZPN): 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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Broadcom AVGO, Aspen Technology AZPN and Dell DELL are top-ranked stocks in the broader sector. The Zacks Consensus Estimate for Dell’s second-quarter fiscal 2023 earnings stands at $1.62 per share, unchanged in the past 30 days. The consensus mark for Dell’s revenues is pegged at $26.75 billion, suggesting 2.35% growth from the figure reported in the year-ago quarter.
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Broadcom AVGO, Aspen Technology AZPN and Dell DELL are top-ranked stocks in the broader sector. The Zacks Consensus Estimate for Dell’s second-quarter fiscal 2023 earnings stands at $1.62 per share, unchanged in the past 30 days. The consensus mark for Dell’s revenues is pegged at $26.75 billion, suggesting 2.35% growth from the figure reported in the year-ago quarter.
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Broadcom AVGO, Aspen Technology AZPN and Dell DELL are top-ranked stocks in the broader sector. The Zacks Consensus Estimate for Dell’s second-quarter fiscal 2023 earnings stands at $1.62 per share, unchanged in the past 30 days. The consensus mark for Dell’s revenues is pegged at $26.75 billion, suggesting 2.35% growth from the figure reported in the year-ago quarter.
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Broadcom AVGO, Aspen Technology AZPN and Dell DELL are top-ranked stocks in the broader sector. The Zacks Consensus Estimate for Dell’s second-quarter fiscal 2023 earnings stands at $1.62 per share, unchanged in the past 30 days. The consensus mark for Dell’s revenues is pegged at $26.75 billion, suggesting 2.35% growth from the figure reported in the year-ago quarter.
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60617e1e-a562-4ea8-8969-db6fcb5e27c6
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725718.0
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2022-07-12 00:00:00 UTC
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Why Is the PC Industry Giving That Sinking Feeling?
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DELL
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https://www.nasdaq.com/articles/why-is-the-pc-industry-giving-that-sinking-feeling
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nan
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nan
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The two-year-long, pandemic-driven boom period for the PC industry seems to be fading away. According to a Gartner report, this space has witnessed the steepest decline in nine years, which is triggered by geopolitical, economic, and supply-chain headwinds.
As per Gartner, global PC shipments declined 12.6% year-over-year to 72 million units in the second quarter of this year.
The PC market in the United States did see some growth in desktop and laptop shipments, but it was largely offset by a 50% year-over-year fall in Chromebook shipments. Overall, the U.S. PC market witnessed a 17.5% fall in the second quarter of 2022.
High inflation levels and the Russia-Ukraine conflict impacted the EMEA PC market the most. In this region, PC shipments fell 18% year-over-year to 17.8 million units in the second quarter of 2022.
Further, China’s zero COVID-19 policy weighed on the Asia-Pacific (APAC) PC market (excluding Japan), which declined 5.2% in the June quarter.
As of now, the outlook for the PC industry looks staggering as high inflation levels can continue to mar the demand for desktops and laptops. Going by Gartner’s forecasts, global PC shipments may witness a 9.5% decline in 2022.
According to Ranjit Atwal, a Research Director at Gartner, “A perfect storm of geopolitics upheaval, high inflation, currency fluctuations and supply chain disruptions have lowered business and consumer demand for devices across the world and is set to impact the PC market the hardest in 2022.”
Against this backdrop, let's talk about two major players of this industry and see how they are placed.
Dell Technologies (NYSE: DELL)
Headquartered in Round Rock, TX, Dell Technologies provides hardware and software services solutions. Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG) are the two operating segments of the company.
ISG enables customers’ digital transformation through multi-cloud and big data solutions, which are built upon modern data center infrastructure. CSG includes branded hardware (such as desktops, workstations, and notebooks), branded peripherals (such as displays and projectors), and third-party software and peripherals.
Although Dell's PC shipments declined 2.8% year-over-year in the second quarter of 2022, the company grabbed the top spot in the U.S. PC market based on shipments and accounted for 27.2% of the country's PC market share, according to a Gartner report.
Encouragingly, the company's PC revenues grew 22% year-over-year to $12 billion in the first quarter of Fiscal 2023.
As per TipRanks, the Street is highly confident about this multinational information technology company, which enjoys a Strong Buy consensus rating based on seven Buys and two Holds. Dell’s average price target of $61.67 signals that the stock may surge nearly 43.1% from current levels. Shares of the company have declined 24.9% so far this year.
TipRanks data shows that financial bloggers are 90% Bullish on Dell, compared to the sector average of 65%.
HP Inc. (NYSE: HPQ)
HP is a leading global provider of personal computing and other access devices, imaging and printing products, and related technologies. Headquartered in Palo Alto, CA, the company has three reportable segments -- Personal Systems, Printing, and Corporate Investments.
The Gartner report highlighted that HP held a 22.3% market share of the U.S. PC market despite a 43.5% fall in PC shipments in the previous quarter.
In its second-quarter Fiscal 2022 earnings results, the company reported Personal Systems net revenue of $11.5 billion, up 9% year-over-year and 11% in constant currency.
According to TipRanks, the Street has a Moderate Sell consensus rating on HPQ based on four Holds and three Sells. HP’s average price forecast of $35.14 signals that the stock may surge nearly 10.4% from current levels. Shares of the company have declined 16.3% year-to-date.
However, TipRanks data shows that financial bloggers are 93% Bullish on HPQ, compared to the sector average of 65%.
Tough Times Ahead for the PC Industry
The PC industry may continue to see decelerating demand in the second half of 2022, due to macroeconomic blows. Also, consumer demand could further get impacted due to recession fears and restrictive spending.
Read full 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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Dell Technologies (NYSE: DELL) Headquartered in Round Rock, TX, Dell Technologies provides hardware and software services solutions. Although Dell's PC shipments declined 2.8% year-over-year in the second quarter of 2022, the company grabbed the top spot in the U.S. PC market based on shipments and accounted for 27.2% of the country's PC market share, according to a Gartner report. Dell’s average price target of $61.67 signals that the stock may surge nearly 43.1% from current levels.
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TipRanks data shows that financial bloggers are 90% Bullish on Dell, compared to the sector average of 65%. Dell Technologies (NYSE: DELL) Headquartered in Round Rock, TX, Dell Technologies provides hardware and software services solutions. Although Dell's PC shipments declined 2.8% year-over-year in the second quarter of 2022, the company grabbed the top spot in the U.S. PC market based on shipments and accounted for 27.2% of the country's PC market share, according to a Gartner report.
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Although Dell's PC shipments declined 2.8% year-over-year in the second quarter of 2022, the company grabbed the top spot in the U.S. PC market based on shipments and accounted for 27.2% of the country's PC market share, according to a Gartner report. Dell Technologies (NYSE: DELL) Headquartered in Round Rock, TX, Dell Technologies provides hardware and software services solutions. Dell’s average price target of $61.67 signals that the stock may surge nearly 43.1% from current levels.
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Although Dell's PC shipments declined 2.8% year-over-year in the second quarter of 2022, the company grabbed the top spot in the U.S. PC market based on shipments and accounted for 27.2% of the country's PC market share, according to a Gartner report. Dell Technologies (NYSE: DELL) Headquartered in Round Rock, TX, Dell Technologies provides hardware and software services solutions. Dell’s average price target of $61.67 signals that the stock may surge nearly 43.1% from current levels.
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7e87ad55-f821-4888-812c-5b8c59d36b20
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725719.0
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2022-07-12 00:00:00 UTC
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Supply Woes, Weak Demand Cause Deepest Decline in PC Shipments
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DELL
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https://www.nasdaq.com/articles/supply-woes-weak-demand-cause-deepest-decline-in-pc-shipments
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nan
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nan
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The decline seen in personal computer (PC) shipments in first-quarter 2022 after two consecutive years of strong year-over-year growth, accelerated in the second quarter, according to the latest data compiled by two market research firms, namely the International Data Corporation (“IDC”) and Gartner.
Per the preliminary data released by Gartner, PC shipments in the June quarter plunged 12.6% year over year to 72 million units. The independent research firm claims the decline to be the sharpest in nine years for the PC industry.
Per the data compiled by IDC, PC sales were down 15.3% year over year to 71.3 million units during the June quarter. This year-over-year decrease was higher than the previous quarter’s decline rate of 5.1% and also the worst drop in many years.
Computer - Mini computers Industry 5YR % Return
Computer - Mini computers Industry 5YR % Return
What Induced Softness in PC Shipments?
Although the firms reported different figures, both share a similar opinion that the year-over-year decline was mainly due to weakening consumer demand for PCs, lockdowns in China, supply-chain issues, logistics and geopolitical challenges.
In 2020 and 2021, PC manufacturers had benefited from increased demand amid the pandemic-induced remote-working and online-learning wave. The pandemic necessitated the use of PC systems, be it for remote work, web-based learning, video conferencing, video gaming, social media, consumer entertainment and streaming or online shopping.
However, the recent back-to-back two quarters of declining PC shipments depict an end of demand boom for the industry. The two market research firms observed that consumers became cautious about their spending due to inflationary pressures and fears of a possible recession.
IDC also pointed out that supply-chain and logistics disruptions further deteriorated in the second quarter due to lockdowns in China and macroeconomic headwinds. Gartner too has a somewhat similar view and stated that the supply-chain challenges continued but logistics disruption was the major factor behind delivery delays.
The drastic decline in PC shipments was also due to a steep downturn in Chromebook demand as the reopening of schools and colleges across the majority parts of the world weakens the necessity for education on PCs.
Additionally, Gartner pointed out that several PC manufacturers’ decision to halt business operations in Russia due to the war on Ukraine had severely affected PC shipment volumes in the quarter. Per the market research firm, PC deliveries in Russia usually contribute to 5-10% of the total EMEA PC volume.
Vendor-Wise PC Shipments
Both IDC and Gartner revealed almost similar declines in vendors’ shipments, except for discrepancy over Apple’s AAPL performance. Per the data compiled by IDC, Apple’s PC shipments fell 22.5%, while according to Gartner, its deliveries increased 9.3% in the second quarter.
Moreover, with a market share of 6.7% per IDC, Apple shared the fifth spot among the top vendors with Asustek Computer, which registered a 4.6% year-over-year dip in PC deliveries and has a market share of 6.6%. IDC declares a statistical tie if the shipment market share difference between the companies is 0.1% or less.
According to Gartner, Apple stood third with a market share of 8.8%, while Asustek Computer held the sixth place with a market share of 6.5% and witnessed a 4.3% slip in second-quarter deliveries.
Nonetheless, the two firms agreed on the first three spots, with Lenovo LNVGY continuing to hold the top spot followed by HP Inc. HPQ and Dell Technologies DELL. Per IDC, Lenovo, HP and Dell market shares in the second quarter were 24.6%, 18.9% and 18.5%, respectively, while all three registered a year-over-year decline of 12.1%, 27.6% and 5.3% each in deliveries. Acer Group’s shipment decreased 19.2%, and consequently, it held the fourth position on the top-vendor list with a market share of 6.9%, according to IDC.
Per data compiled by Gartner, Lenovo, HP and Dell shipments declined 12.5%, 27.5% and 5.2%, respectively, in the second quarter. Their respective market share was 24.8%, 18.8% and 18.5%. Acer found the fifth spot with a market share of 7.1%, while the company recorded a shipment decline of 18.7% in the quarter.
Among the leading vendors, Dell currently sports a Zacks Rank #1 (Strong Buy), while Apple, HP and Lenovo carry a Zacks Rank #3 (Hold) each. You can see the complete list of today’s Zacks #1 Rank stocks here.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s 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
Apple Inc. (AAPL): Free Stock Analysis Report
HP Inc. (HPQ): Free Stock Analysis Report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
Lenovo Group Ltd. (LNVGY): 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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Nonetheless, the two firms agreed on the first three spots, with Lenovo LNVGY continuing to hold the top spot followed by HP Inc. HPQ and Dell Technologies DELL. Per IDC, Lenovo, HP and Dell market shares in the second quarter were 24.6%, 18.9% and 18.5%, respectively, while all three registered a year-over-year decline of 12.1%, 27.6% and 5.3% each in deliveries. Per data compiled by Gartner, Lenovo, HP and Dell shipments declined 12.5%, 27.5% and 5.2%, respectively, in the second quarter.
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Nonetheless, the two firms agreed on the first three spots, with Lenovo LNVGY continuing to hold the top spot followed by HP Inc. HPQ and Dell Technologies DELL. Per IDC, Lenovo, HP and Dell market shares in the second quarter were 24.6%, 18.9% and 18.5%, respectively, while all three registered a year-over-year decline of 12.1%, 27.6% and 5.3% each in deliveries. Per data compiled by Gartner, Lenovo, HP and Dell shipments declined 12.5%, 27.5% and 5.2%, respectively, in the second quarter.
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Per IDC, Lenovo, HP and Dell market shares in the second quarter were 24.6%, 18.9% and 18.5%, respectively, while all three registered a year-over-year decline of 12.1%, 27.6% and 5.3% each in deliveries. Nonetheless, the two firms agreed on the first three spots, with Lenovo LNVGY continuing to hold the top spot followed by HP Inc. HPQ and Dell Technologies DELL. Per data compiled by Gartner, Lenovo, HP and Dell shipments declined 12.5%, 27.5% and 5.2%, respectively, in the second quarter.
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Per IDC, Lenovo, HP and Dell market shares in the second quarter were 24.6%, 18.9% and 18.5%, respectively, while all three registered a year-over-year decline of 12.1%, 27.6% and 5.3% each in deliveries. Nonetheless, the two firms agreed on the first three spots, with Lenovo LNVGY continuing to hold the top spot followed by HP Inc. HPQ and Dell Technologies DELL. Per data compiled by Gartner, Lenovo, HP and Dell shipments declined 12.5%, 27.5% and 5.2%, respectively, in the second quarter.
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d34592c9-ac29-45dc-988d-0fbebfd9296e
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725720.0
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2022-07-12 00:00:00 UTC
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Best Growth Stocks to Buy for July 12th
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DELL
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https://www.nasdaq.com/articles/best-growth-stocks-to-buy-for-july-12th
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nan
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nan
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Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, July 12th:
Wyndham Hotels & Resorts, Inc. WH: This hotel franchisor carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.6% over the last 60 days.
Wyndham Hotels & Resorts Price and Consensus
Wyndham Hotels & Resorts price-consensus-chart | Wyndham Hotels & Resorts Quote
Wyndham has a PEG ratio of 1.37 compared with 2.15 for the industry. The company possesses a Growth Score of B.
Wyndham Hotels & Resorts PEG Ratio (TTM)
Wyndham Hotels & Resorts peg-ratio-ttm | Wyndham Hotels & Resorts Quote
Avis Budget Group, Inc. CAR: This car and truck rental company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 20.3% over the last 60 days.
Avis Budget Group, Inc. Price and Consensus
Avis Budget Group, Inc. price-consensus-chart | Avis Budget Group, Inc. Quote
Avis has a PEG ratio of 0.21 compared with 1.30 for the industry. The company possesses a Growth Score of A.
Avis Budget Group, Inc. PEG Ratio (TTM)
Avis Budget Group, Inc. peg-ratio-ttm | Avis Budget Group, Inc. Quote
Dell Technologies Inc. DELL: This information technology solutions, products and services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days.
Dell Technologies Inc. Price and Consensus
Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote
Dell has a PEG ratio of 0.51 compared with 0.55 for the industry. The company possesses a Growth Score of B.
Dell Technologies Inc. PEG Ratio (TTM)
Dell Technologies Inc. peg-ratio-ttm | Dell Technologies Inc. Quote
See the full list of top ranked stocks here.
Learn more about the Growth score and how it is calculated here.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s 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
Avis Budget Group, Inc. (CAR): Free Stock Analysis Report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
Wyndham Hotels & Resorts (WH): 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 company possesses a Growth Score of A. Avis Budget Group, Inc. PEG Ratio (TTM) Avis Budget Group, Inc. peg-ratio-ttm | Avis Budget Group, Inc. Quote Dell Technologies Inc. DELL: This information technology solutions, products and services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell has a PEG ratio of 0.51 compared with 0.55 for the industry. The company possesses a Growth Score of B. Dell Technologies Inc. PEG Ratio (TTM) Dell Technologies Inc. peg-ratio-ttm | Dell Technologies Inc. Quote See the full list of top ranked stocks here.
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The company possesses a Growth Score of A. Avis Budget Group, Inc. PEG Ratio (TTM) Avis Budget Group, Inc. peg-ratio-ttm | Avis Budget Group, Inc. Quote Dell Technologies Inc. DELL: This information technology solutions, products and services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days. The company possesses a Growth Score of B. Dell Technologies Inc. PEG Ratio (TTM) Dell Technologies Inc. peg-ratio-ttm | Dell Technologies Inc. Quote See the full list of top ranked stocks here. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell has a PEG ratio of 0.51 compared with 0.55 for the industry.
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The company possesses a Growth Score of A. Avis Budget Group, Inc. PEG Ratio (TTM) Avis Budget Group, Inc. peg-ratio-ttm | Avis Budget Group, Inc. Quote Dell Technologies Inc. DELL: This information technology solutions, products and services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell has a PEG ratio of 0.51 compared with 0.55 for the industry. The company possesses a Growth Score of B. Dell Technologies Inc. PEG Ratio (TTM) Dell Technologies Inc. peg-ratio-ttm | Dell Technologies Inc. Quote See the full list of top ranked stocks here.
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The company possesses a Growth Score of A. Avis Budget Group, Inc. PEG Ratio (TTM) Avis Budget Group, Inc. peg-ratio-ttm | Avis Budget Group, Inc. Quote Dell Technologies Inc. DELL: This information technology solutions, products and services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell has a PEG ratio of 0.51 compared with 0.55 for the industry. The company possesses a Growth Score of B. Dell Technologies Inc. PEG Ratio (TTM) Dell Technologies Inc. peg-ratio-ttm | Dell Technologies Inc. Quote See the full list of top ranked stocks here.
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f2108d38-2583-4a73-b830-9adf8b042fdb
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725721.0
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2022-07-11 00:00:00 UTC
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EXCLUSIVE-BC Partners explores $4 bln sale of IT firm Presidio -sources
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DELL
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https://www.nasdaq.com/articles/exclusive-bc-partners-explores-%244-bln-sale-of-it-firm-presidio-sources
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nan
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nan
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By Krystal Hu and Chibuike Oguh
July 11 (Reuters) - Private equity firm BC Partners Ltd is exploring a sale of Presidio Inc, which could value the U.S. information technology provider at more than $4 billion including debt, two people familiar with the matter told Reuters.
BC Partners is working with an investment bank for a sale process for New York-based Presidio, said the sources, who requested anonymity because the matter is confidential. Presidio generated $3.1 billion in revenue and had earnings before interest, taxes, depreciation and amortization of more than $350 million in 2021, the sources said.
A BC Partners spokesperson declined to comment. Presidio did not immediately respond to a request for comment.
Presidio provides secured cloud-based technology to organizations ranging from government agencies to businesses such as Amazon.com Inc AMZN.O, Cisco Systems Inc CSCO.O, Dell Technologies Inc DELL.N and Intel Corp INTC.O. It has about 8,000 customers worldwide.
Like many technology companies, Presidio benefited from a surge in demand for IT services during the COVID-19 pandemic, as companies invested more to adapt to the remote working environments and boost cybersecurity capabilities.
Presidio has had several private equity owners since it was founded in 2003. Buyout firm American Securities acquired Presidio in 2011 for an undisclosed amount. It sold the company to Apollo Global Management Inc APO.N three years later for about $1.3 billion, Reuters reported at the time.
Apollo took Presidio public in 2017 and BC Partners took it private in 2019 in a $2.1 billion deal. Under BC Partners' ownership, Presidio has acquired several smaller rivals including Irish IT consulting firm Arkphire and Charlotte, North Carolina-based ROVE.
Based in London, BC Partners has $40 billion in assets under management spread across healthcare, financial services and industrials in Europe and North America.
(Reporting by Krystal Hu and Chibuike Oguh in New York Editing by Matthew Lewis)
((Krystal.Hu@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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Presidio provides secured cloud-based technology to organizations ranging from government agencies to businesses such as Amazon.com Inc AMZN.O, Cisco Systems Inc CSCO.O, Dell Technologies Inc DELL.N and Intel Corp INTC.O. BC Partners is working with an investment bank for a sale process for New York-based Presidio, said the sources, who requested anonymity because the matter is confidential. Under BC Partners' ownership, Presidio has acquired several smaller rivals including Irish IT consulting firm Arkphire and Charlotte, North Carolina-based ROVE.
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Presidio provides secured cloud-based technology to organizations ranging from government agencies to businesses such as Amazon.com Inc AMZN.O, Cisco Systems Inc CSCO.O, Dell Technologies Inc DELL.N and Intel Corp INTC.O. By Krystal Hu and Chibuike Oguh July 11 (Reuters) - Private equity firm BC Partners Ltd is exploring a sale of Presidio Inc, which could value the U.S. information technology provider at more than $4 billion including debt, two people familiar with the matter told Reuters. Buyout firm American Securities acquired Presidio in 2011 for an undisclosed amount.
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Presidio provides secured cloud-based technology to organizations ranging from government agencies to businesses such as Amazon.com Inc AMZN.O, Cisco Systems Inc CSCO.O, Dell Technologies Inc DELL.N and Intel Corp INTC.O. By Krystal Hu and Chibuike Oguh July 11 (Reuters) - Private equity firm BC Partners Ltd is exploring a sale of Presidio Inc, which could value the U.S. information technology provider at more than $4 billion including debt, two people familiar with the matter told Reuters. BC Partners is working with an investment bank for a sale process for New York-based Presidio, said the sources, who requested anonymity because the matter is confidential.
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Presidio provides secured cloud-based technology to organizations ranging from government agencies to businesses such as Amazon.com Inc AMZN.O, Cisco Systems Inc CSCO.O, Dell Technologies Inc DELL.N and Intel Corp INTC.O. By Krystal Hu and Chibuike Oguh July 11 (Reuters) - Private equity firm BC Partners Ltd is exploring a sale of Presidio Inc, which could value the U.S. information technology provider at more than $4 billion including debt, two people familiar with the matter told Reuters. BC Partners is working with an investment bank for a sale process for New York-based Presidio, said the sources, who requested anonymity because the matter is confidential.
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60523e88-530e-4dac-b5d3-c3917c866509
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725722.0
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2022-07-07 00:00:00 UTC
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Implied Volatility Surging for Dell Technologies (DELL) Stock Options
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DELL
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https://www.nasdaq.com/articles/implied-volatility-surging-for-dell-technologies-dell-stock-options-0
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nan
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nan
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Investors in Dell Technologies Inc. DELL need to pay close attention to the stock based on moves in the options market lately. That is because the Dec 16, 2022 $40.00 Call had some of the highest implied volatility of all equity options today.
What is Implied Volatility?
Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?
Clearly, options traders are pricing in a big move for Dell Technologies shares, but what is the fundamental picture for the company? Currently, Dell Technologies is a Zacks Rank #1 (Strong Sell) in the Computers - IT Services industry that ranks in the Top 37% of our Zacks Industry Rank. Over the last 60 days, three analysts have increased their earnings estimates for the current quarter, while one has dropped the estimate. The net effect has taken our Zacks Consensus Estimate for the current quarter from $1.58 per share to $1.62 in that period.
Given the way analysts feel about Dell Technologies right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
Looking to Trade Options?
Check out the simple yet high-powered approach that Zacks Executive VP Kevin Matras has used to close recent double and triple-digit winners. In addition to impressive profit potential, these trades can actually reduce your risk.
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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
Dell Technologies Inc. (DELL): 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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Clearly, options traders are pricing in a big move for Dell Technologies shares, but what is the fundamental picture for the company? Investors in Dell Technologies Inc. DELL need to pay close attention to the stock based on moves in the options market lately. Currently, Dell Technologies is a Zacks Rank #1 (Strong Sell) in the Computers - IT Services industry that ranks in the Top 37% of our Zacks Industry Rank.
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Dell Technologies Inc. (DELL): Free Stock Analysis Report Investors in Dell Technologies Inc. DELL need to pay close attention to the stock based on moves in the options market lately. Clearly, options traders are pricing in a big move for Dell Technologies shares, but what is the fundamental picture for the company?
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Investors in Dell Technologies Inc. DELL need to pay close attention to the stock based on moves in the options market lately. Given the way analysts feel about Dell Technologies right now, this huge implied volatility could mean there’s a trade developing. Clearly, options traders are pricing in a big move for Dell Technologies shares, but what is the fundamental picture for the company?
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Given the way analysts feel about Dell Technologies right now, this huge implied volatility could mean there’s a trade developing. Dell Technologies Inc. (DELL): Free Stock Analysis Report Investors in Dell Technologies Inc. DELL need to pay close attention to the stock based on moves in the options market lately.
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8f91d938-0309-4cb1-ad31-ab72888c114a
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725723.0
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2022-07-05 00:00:00 UTC
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These Tech Stocks Can Be A Defensive Bet In An Uncertain Economy
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DELL
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https://www.nasdaq.com/articles/these-tech-stocks-can-be-a-defensive-bet-in-an-uncertain-economy
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nan
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nan
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Our theme of Value Tech Stocks – which is comprised of technology stocks with a market cap of over $5 billion and a price-to-earnings multiple of under 20x – has declined by almost 24% year-to-date, although it has outperformed the broader Nasdaq-100 index, which remains down 30% over the same period. With inflation surging, the Federal Reserve has started hiking interest rates at a more aggressive pace. It hiked its benchmark interest rates by 0.75% in June, its biggest hike since 1994, and more similar hikes are looking likely in the coming months. Separately, technology companies are seeing an easing of the Covid-19-related demand tailwinds such as remote working and remote learning. That being said, value technology stocks are holding up much better compared to unprofitable high-growth high multiple tech stocks, which are being hurt as investors seek a better margin of safety in terms of higher cash flows and earnings yields.
So what’s the outlook like for the theme? While the near-term outlook remains uncertain, given the tighter monetary environment and concerns about a recession in the U.S., we still think that the theme remains a good play on secular trends such as increasing digitization of the economy following Covid-19, and higher corporate IT spending. Moreover, many of the names in the theme are profitable, mature tech companies that are incumbents in their respective segments and this could provide some safety in the current environment. Facebook parent company Meta (NASDAQ:META) is the most valuable company in our theme, with a market cap of about $440 billion. However, the stock has declined by around 53% year-to-date. Skyworks Solutions (NASDAQ:SWKS) is one of the fastest-growing players in our theme, with revenue rising by around 52% over the last 12 months. Dell (NASDAQ:DELL) is one of the most reasonably valued stocks in our theme, with a price-to-earnings ratio of under 7x. See our theme on Value Tech Stocks for a complete list of 36 value technology picks.
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 Jun 2022
MTD [1] 2022
YTD [1] 2017-22
Total [2]
DELL Return -7% -18% -5%
S&P 500 Return -8% -21% 69%
Trefis Multi-Strategy Portfolio -8% -26% 196%
[1] Month-to-date and year-to-date as of 6/30/2022
[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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Dell (NASDAQ:DELL) is one of the most reasonably valued stocks in our theme, with a price-to-earnings ratio of under 7x. Total [2] DELL Return -7% -18% -5% S&P 500 Return -8% -21% 69% Trefis Multi-Strategy Portfolio -8% -26% 196% [1] Month-to-date and year-to-date as of 6/30/2022 [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. With inflation surging, the Federal Reserve has started hiking interest rates at a more aggressive pace.
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Total [2] DELL Return -7% -18% -5% S&P 500 Return -8% -21% 69% Trefis Multi-Strategy Portfolio -8% -26% 196% [1] Month-to-date and year-to-date as of 6/30/2022 [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. Dell (NASDAQ:DELL) is one of the most reasonably valued stocks in our theme, with a price-to-earnings ratio of under 7x. Our theme of Value Tech Stocks – which is comprised of technology stocks with a market cap of over $5 billion and a price-to-earnings multiple of under 20x – has declined by almost 24% year-to-date, although it has outperformed the broader Nasdaq-100 index, which remains down 30% over the same period.
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Total [2] DELL Return -7% -18% -5% S&P 500 Return -8% -21% 69% Trefis Multi-Strategy Portfolio -8% -26% 196% [1] Month-to-date and year-to-date as of 6/30/2022 [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. Dell (NASDAQ:DELL) is one of the most reasonably valued stocks in our theme, with a price-to-earnings ratio of under 7x. Our theme of Value Tech Stocks – which is comprised of technology stocks with a market cap of over $5 billion and a price-to-earnings multiple of under 20x – has declined by almost 24% year-to-date, although it has outperformed the broader Nasdaq-100 index, which remains down 30% over the same period.
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Total [2] DELL Return -7% -18% -5% S&P 500 Return -8% -21% 69% Trefis Multi-Strategy Portfolio -8% -26% 196% [1] Month-to-date and year-to-date as of 6/30/2022 [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. Dell (NASDAQ:DELL) is one of the most reasonably valued stocks in our theme, with a price-to-earnings ratio of under 7x. Our theme of Value Tech Stocks – which is comprised of technology stocks with a market cap of over $5 billion and a price-to-earnings multiple of under 20x – has declined by almost 24% year-to-date, although it has outperformed the broader Nasdaq-100 index, which remains down 30% over the same period.
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8e89aec9-fe6b-48f6-980a-1370a7ff90ec
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725724.0
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2022-07-05 00:00:00 UTC
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Best Growth Stocks to Buy for July 5th
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DELL
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https://www.nasdaq.com/articles/best-growth-stocks-to-buy-for-july-5th
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nan
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nan
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Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, July 5th:
Dell Technologies Inc. DELL: This information technology solutions, products and services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days.
Dell Technologies Inc. Price and Consensus
Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote
Dell has a PEG ratio of 0.51 compared with 0.65 for the industry. The company possesses a Growth Score of B.
Dell Technologies Inc. PEG Ratio (TTM)
Dell Technologies Inc. peg-ratio-ttm | Dell Technologies Inc. Quote
Dollar Tree, Inc. DLTR: This discount variety retail stores chain carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 3% over the last 60 days.
Dollar Tree, Inc. Price and Consensus
Dollar Tree, Inc. price-consensus-chart | Dollar Tree, Inc. Quote
Dollar Tree has a PEG ratio of 1.23 compared with 1.69 for the industry. The company possesses a Growth Score of B.
Dollar Tree, Inc. PEG Ratio (TTM)
Dollar Tree, Inc. peg-ratio-ttm | Dollar Tree, Inc. Quote
The Kroger Co. KR: This multi-department retailer carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.3% over the last 60 days.
The Kroger Co. Price and Consensus
The Kroger Co. price-consensus-chart | The Kroger Co. Quote
Kroger has a PEG ratio of 1.09 compared with 1.18 for the industry. The company possesses a Growth Score of A.
The Kroger Co. PEG Ratio (TTM)
The Kroger Co. peg-ratio-ttm | The Kroger Co. Quote
See the full list of top ranked stocks here.
Learn more about the Growth score and how it is calculated here.
How to Profit from the Hot Electric Vehicle Industry
Global electric car sales in 2021 more than doubled their 2020 numbers. And today, the electric vehicle (EV) technology and very nature of the business is changing quickly. The next push for future technologies is happening now and investors who get in early could see exceptional profits.
See Zacks' Top Stocks to Profit from the EV Revolution >>
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
Dollar Tree, Inc. (DLTR): Free Stock Analysis Report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
The Kroger Co. (KR): 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 three stocks with buy ranks and strong growth characteristics for investors to consider today, July 5th: Dell Technologies Inc. DELL: This information technology solutions, products and services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days. The company possesses a Growth Score of B. Dell Technologies Inc. PEG Ratio (TTM) Dell Technologies Inc. peg-ratio-ttm | Dell Technologies Inc. Quote Dollar Tree, Inc. DLTR: This discount variety retail stores chain carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 3% over the last 60 days. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell has a PEG ratio of 0.51 compared with 0.65 for the industry.
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The company possesses a Growth Score of B. Dell Technologies Inc. PEG Ratio (TTM) Dell Technologies Inc. peg-ratio-ttm | Dell Technologies Inc. Quote Dollar Tree, Inc. DLTR: This discount variety retail stores chain carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 3% over the last 60 days. Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, July 5th: Dell Technologies Inc. DELL: This information technology solutions, products and services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell has a PEG ratio of 0.51 compared with 0.65 for the industry.
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Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, July 5th: Dell Technologies Inc. DELL: This information technology solutions, products and services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days. The company possesses a Growth Score of B. Dell Technologies Inc. PEG Ratio (TTM) Dell Technologies Inc. peg-ratio-ttm | Dell Technologies Inc. Quote Dollar Tree, Inc. DLTR: This discount variety retail stores chain carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 3% over the last 60 days. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell has a PEG ratio of 0.51 compared with 0.65 for the industry.
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Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, July 5th: Dell Technologies Inc. DELL: This information technology solutions, products and services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days. The company possesses a Growth Score of B. Dell Technologies Inc. PEG Ratio (TTM) Dell Technologies Inc. peg-ratio-ttm | Dell Technologies Inc. Quote Dollar Tree, Inc. DLTR: This discount variety retail stores chain carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 3% over the last 60 days. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell has a PEG ratio of 0.51 compared with 0.65 for the industry.
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58673894-1882-40a7-97f7-7c83ad14adab
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725725.0
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2022-07-05 00:00:00 UTC
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The Zacks Analyst Blog Highlights Dell Technologies, CrowdStrike Holdings, Broadcom Palo Alto Networks, and QUALCOMM
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DELL
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights-dell-technologies-crowdstrike-holdings-broadcom-palo
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nan
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nan
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For Immediate Release
Chicago, IL – July 5, 2022 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Dell Technologies Inc. DELL, CrowdStrike Holdings Inc. CRWD, Broadcom Inc. AVGO, Palo Alto Networks Inc. PANW and QUALCOMM Inc. QCOM.
Here are highlights from Friday’s Analyst Blog:
Wall Street Disappoints in 1H; Will It See a Repeat of 1970?
Wall Street has concluded the worst first half in more than 50 years. The tremors of record-high inflation and its aftershock in the form of an extremely hawkish Fed have shaken investors' confidence. Market participants across the globe are keenly watching the Fed, its tighter-than-expected monetary stances and their implications on the global financial set up.
A large section of economists and financial experts have warned that the U.S. economy may fall into recession in late 2022 or early 2023. In the first half of 2022, the Fed hiked the benchmark interest rate to 1.50-1.75% from 0-0.25% in March 2020. Another 75-basis-point hike is almost certain in July.
A Pathetic First Half
The broad-market benchmark — the S&P 500 Index — has tumbled 20.6% in first-half 2022, marking its worst first half since 1970. The blue-chip Dow has plummeted 15.3% in the same period, reflecting its worst first half since 1962 and its worst monthly performance in June since March 2020.
The tech-heavy Nasdaq Composite has plunged 29.5% to record the worst-ever first half for the index. The index also recorded its worst quarterly performance in second-quarter 2022 since 2008.
The seeds of inflation were visible from March 2021. Robust pent-up demand supported by the astonishing savings of Americans (buoyed by unprecedented fiscal and monetary stimuli provided during the pandemic era), shifted the aggregate demand curve upward as the U.S. economy has reopened faster than expected driven by nationwide COVID-19 vaccinations.
However, supply failed to catch up measurably with demand due to coronavirus-led complete destruction of the global supply-chain system. Production costs climbed because of higher input costs and higher wages owing to the shortage of labor.
The global supply-chain system had shown initial recovery once the spread of the Omicron variant of coronavirus dwindled. Unfortunately, Russia's invasion of Ukraine on Feb 24 and the resurgence of COVID-19 infection in China significantly pushed up inflation.
Will Markets Turn Around in the Second Half?
At present, a contra view to the current market situation is that a high dose of interest rate therapy and extremely tight monetary control by the Fed to combat a record-high inflation might show positive signals.
Currently, inflation is at a 40-year high. However, we can see some positives despite skyrocketing inflation. The Department of Commerce reported that personal spending — the largest component of the U.S. GDP — adjusted for inflation fell 0.4% in May, a sharp decline from the 0.3% gain in April. However, the metric rose 2.1% year over year.
Core personal consumption expenditures price index — Fed's favorite inflation gauge — rose 4.7% year over year in May, dropping 0.2% from April. The metric, which excluded volatile items like food and energy, rose 0.3% month over month, lower than the consensus estimate of 0.4%. However, the metric is still standing at the high levels of the 1980s.
Other major economic data of May such as ISM manufacturing and services indexes, retail sales and industrial production have dropped significantly. The housing market — one of the booming sectors during the pandemic — has been declining precipitously since April.
The U.S. economy is cooling as desired by the Fed. However, recently, several major investment bankers and portfolio managers have said that the U.S. economy may not fall into a recession anytime soon despite slowing GDP growth. Even if there is a recession, the effect may be mild.
On the geopolitical front, Russia recently said that it will withdraw its forces from the Snake islands in the Black Sea providing a safe passage to shipping cargos to transport wheat and other agricultural commodities from Ukraine.
If that really happens, the ongoing global food crisis would be reduced to a great extent as Ukraine is the largest supplier of wheat globally. Moreover, prices of commodities, especially the prices of crude oil and natural gas, are showing signs of a steady decline. Food and energy are the two major sources of the current inflationary pressures.
In all likelihood, the Fed will raise the lending rate by another 75 basis points in July. The next FOMC will be in September. Therefore, the central bank will have two months to analyze inflationary trends.
Slowing Inflation: A Sharp Bounce Back of Equities
Barring any external shocks (geopolitical disturbances), chances are there that inflation may show a steady decline, albite at a slow pace, in the second half of 2022. Inflation, no doubt, will not come down to the Fed's targeted 2% rate anytime soon. But that is not required.
A gradual reversal of the current inflationary trend and a drop in the magnitude of interest rate hikes by the central bank from September or October, will result in a sharp rebound in U.S. stock markets. Wall Street is highly oversold. Aside from major indexes, several corporate giants are currently available at lucrative valuations.
In 1970, the market's benchmark — the S&P 500 index — had plunged 21% in the first half. However, in a complete reversal of the trend, the index rallied 26.5% in the second half, finally closing the year on a positive note. We may witness a repeat of 1970 in 2022.
How to Invest
Markets may remain volatile in the near future. However, we expect a good recovery once Fed's policy changes are adjusted fully in the market's valuation. At this stage, it will be better to stay with quality stocks. Invest in U.S. corporate bigwigs (market capital > $30 billion) with a favorable Zacks Rank. These companies have a robust business model and globally acclaimed brand value. They have a strong balance sheet and generate solid free cash flow.
A sharp rebound is expected in beaten-down sectors, especially the high-growth technology sector. Technological improvement is an indispensable word in the modern world and the sector is a long-term positive owing to its inherent strength of continuous inventions and innovations.
Five beaten-down technology stocks are - Dell Technologies Inc., CrowdStrike Holdings Inc., Broadcom Inc., Palo Alto Networks Inc. and QUALCOMM Inc..
These stocks have strong potential for the rest of 2022 and have seen positive earnings estimate revisions in the last 60 days. Each of our picks carries a Zacks Rank # 2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Why Haven't You Looked at Zacks' Top Stocks?
Our 5 best-performing strategies have blown away the S&P's impressive +28.8% gain in 2021. Amazingly, they soared +40.3%, +48.2%, +67.6%, +94.4%, and +95.3%. Today you can access their live picks without cost or obligation.
See Stocks Free >>
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
https://www.zacks.com
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
How to Profit from the Hot Electric Vehicle Industry
Global electric car sales in 2021 more than doubled their 2020 numbers. And today, the electric vehicle (EV) technology and very nature of the business is changing quickly. The next push for future technologies is happening now and investors who get in early could see exceptional profits.
See Zacks' Top Stocks to Profit from the EV Revolution >>
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
QUALCOMM Incorporated (QCOM): Free Stock Analysis Report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
Broadcom Inc. (AVGO): Free Stock Analysis Report
Palo Alto Networks, Inc. (PANW): Free Stock Analysis Report
CrowdStrike (CRWD): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks recently featured in the blog include: Dell Technologies Inc. DELL, CrowdStrike Holdings Inc. CRWD, Broadcom Inc. AVGO, Palo Alto Networks Inc. PANW and QUALCOMM Inc. QCOM. Five beaten-down technology stocks are - Dell Technologies Inc., CrowdStrike Holdings Inc., Broadcom Inc., Palo Alto Networks Inc. and QUALCOMM Inc.. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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Stocks recently featured in the blog include: Dell Technologies Inc. DELL, CrowdStrike Holdings Inc. CRWD, Broadcom Inc. AVGO, Palo Alto Networks Inc. PANW and QUALCOMM Inc. QCOM. Five beaten-down technology stocks are - Dell Technologies Inc., CrowdStrike Holdings Inc., Broadcom Inc., Palo Alto Networks Inc. and QUALCOMM Inc.. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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Stocks recently featured in the blog include: Dell Technologies Inc. DELL, CrowdStrike Holdings Inc. CRWD, Broadcom Inc. AVGO, Palo Alto Networks Inc. PANW and QUALCOMM Inc. QCOM. Five beaten-down technology stocks are - Dell Technologies Inc., CrowdStrike Holdings Inc., Broadcom Inc., Palo Alto Networks Inc. and QUALCOMM Inc.. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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Stocks recently featured in the blog include: Dell Technologies Inc. DELL, CrowdStrike Holdings Inc. CRWD, Broadcom Inc. AVGO, Palo Alto Networks Inc. PANW and QUALCOMM Inc. QCOM. Five beaten-down technology stocks are - Dell Technologies Inc., CrowdStrike Holdings Inc., Broadcom Inc., Palo Alto Networks Inc. and QUALCOMM Inc.. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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60c2055f-eaab-4a0c-9943-22b02f208be0
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725726.0
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2022-07-01 00:00:00 UTC
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Wall Street Disappoints in 1H, Will It See a Repeat of 1970?
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DELL
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https://www.nasdaq.com/articles/wall-street-disappoints-in-1h-will-it-see-a-repeat-of-1970
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nan
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nan
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Wall Street has concluded the worst first half in more than 50 years. The tremors of record-high inflation and its aftershock in the form of an extremely hawkish Fed have shaken investors’ confidence. Market participants across the globe are keenly watching the Fed, its tighter-than-expected monetary stances and their implications on the global financial set up.
A large section of economists and financial experts have warned that the U.S. economy may fall into recession in late 2022 or early 2023. In the first half of 2022, the Fed hiked the benchmark interest rate to 1.50-1.75% from 0-0.25% in March 2020. Another 75-basis-point hike is almost certain in July.
A Pathetic First Half
The broad-market benchmark — the S&P 500 Index — has tumbled 20.6% in first-half 2022, marking its worst first half since 1970. The blue-chip Dow has plummeted 15.3% in the same period, reflecting its worst first half since 1962 and its worst monthly performance in June since March 2020.
The tech-heavy Nasdaq Composite has plunged 29.5% to record the worst-ever first half for the index. The index also recorded its worst quarterly performance in second-quarter 2022 since 2008.
The seeds of inflation were visible from March 2021. Robust pent-up demand supported by the astonishing savings of Americans (buoyed by unprecedented fiscal and monetary stimuli provided during the pandemic era), shifted the aggregate demand curve upward as the U.S. economy has reopened faster than expected driven by nationwide COVID-19 vaccinations.
However, supply failed to catch up measurably with demand due to coronavirus-led complete destruction of the global supply-chain system. Production costs climbed because of higher input costs and higher wages owing to the shortage of labor.
The global supply-chain system had shown initial recovery once the spread of the Omicron variant of coronavirus dwindled. Unfortunately, Russia’s invasion of Ukraine on Feb 24 and the resurgence of COVID-19 infection in China significantly pushed up inflation.
Will Markets Turn Around in the Second Half?
At present, a contra view to the current market situation is that a high dose of interest rate therapy and extremely tight monetary control by the Fed to combat a record-high inflation might show positive signals.
Currently, inflation is at a 40-year high. However, we can see some positives despite skyrocketing inflation. The Department of Commerce reported that personal spending — the largest component of the U.S. GDP — adjusted for inflation fell 0.4% in May, a sharp decline from the 0.3% gain in April. However, the metric rose 2.1% year over year.
Core personal consumption expenditures price index — Fed’s favorite inflation gauge — rose 4.7% year over year in May, dropping 0.2% from April. The metric, which excluded volatile items like food and energy, rose 0.3% month over month, lower than the consensus estimate of 0.4%. However, the metric is still standing at the high levels of the 1980s.
Other major economic data of May such as ISM manufacturing and services indexes, retail sales and industrial production have dropped significantly. The housing market — one of the booming sectors during the pandemic — has been declining precipitously since April.
The U.S. economy is cooling as desired by the Fed. However, recently, several major investment bankers and portfolio managers have said that the U.S. economy may not fall into a recession anytime soon despite slowing GDP growth. Even if there is a recession, the effect may be mild.
On the geopolitical front, Russia recently said that it will withdraw its forces from the Snake islands in the Black Sea providing a safe passage to shipping cargos to transport wheat and other agricultural commodities from Ukraine.
If that really happens, the ongoing global food crisis would be reduced to a great extent as Ukraine is the largest supplier of wheat globally. Moreover, prices of commodities, especially the prices of crude oil and natural gas, are showing signs of a steady decline. Food and energy are the two major sources of the current inflationary pressures.
In all likelihood, the Fed will raise the lending rate by another 75 basis points in July. The next FOMC will be in September. Therefore, the central bank will have two months to analyze inflationary trends.
Slowing Inflation: A Sharp Bounce Back of Equities
Barring any external shocks (geopolitical disturbances), chances are there that inflation may show a steady decline, albite at a slow pace, in the second half of 2022. Inflation, no doubt, will not come down to the Fed’s targeted 2% rate anytime soon. But that is not required.
A gradual reversal of the current inflationary trend and a drop in the magnitude of interest rate hikes by the central bank from September or October, will result in a sharp rebound in U.S. stock markets. Wall Street is highly oversold. Aside from major indexes, several corporate giants are currently available at lucrative valuations.
In 1970, the market’s benchmark — the S&P 500 index — had plunged 21% in the first half. However, in a complete reversal of the trend, the index rallied 26.5% in the second half, finally closing the year on a positive note. We may witness a repeat of 1970 in 2022.
How to Invest
Markets may remain volatile in the near future. However, we expect a good recovery once Fed’s policy changes are adjusted fully in the market’s valuation. At this stage, it will be better to stay with quality stocks. Invest in U.S. corporate bigwigs (market capital > $30 billion) with a favorable Zacks Rank. These companies have a robust business model and globally acclaimed brand value. They have a strong balance sheet and generate solid free cash flow.
A sharp rebound is expected in beaten-down sectors, especially the high-growth technology sector. Technological improvement is an indispensable word in the modern world and the sector is a long-term positive owing to its inherent strength of continuous inventions and innovations.
Five beaten-down technology stocks are - Dell Technologies Inc. DELL, CrowdStrike Holdings Inc. CRWD, Broadcom Inc. AVGO, Palo Alto Networks Inc. PANW and QUALCOMM Inc. QCOM.
These stocks have strong potential for the rest of 2022 and have seen positive earnings estimate revisions in the last 60 days. Each of our picks carries a Zacks Rank # 2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The chart below shows the price performance of our five picks year to date.
Image Source: Zacks Investment Research
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
QUALCOMM Incorporated (QCOM): Free Stock Analysis Report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
Broadcom Inc. (AVGO): Free Stock Analysis Report
Palo Alto Networks, Inc. (PANW): Free Stock Analysis Report
CrowdStrike (CRWD): 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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Five beaten-down technology stocks are - Dell Technologies Inc. DELL, CrowdStrike Holdings Inc. CRWD, Broadcom Inc. AVGO, Palo Alto Networks Inc. PANW and QUALCOMM Inc. QCOM. Dell Technologies Inc. (DELL): Free Stock Analysis Report At present, a contra view to the current market situation is that a high dose of interest rate therapy and extremely tight monetary control by the Fed to combat a record-high inflation might show positive signals.
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Five beaten-down technology stocks are - Dell Technologies Inc. DELL, CrowdStrike Holdings Inc. CRWD, Broadcom Inc. AVGO, Palo Alto Networks Inc. PANW and QUALCOMM Inc. QCOM. Dell Technologies Inc. (DELL): Free Stock Analysis Report Palo Alto Networks, Inc. (PANW): Free Stock Analysis Report
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Five beaten-down technology stocks are - Dell Technologies Inc. DELL, CrowdStrike Holdings Inc. CRWD, Broadcom Inc. AVGO, Palo Alto Networks Inc. PANW and QUALCOMM Inc. QCOM. Dell Technologies Inc. (DELL): Free Stock Analysis Report At present, a contra view to the current market situation is that a high dose of interest rate therapy and extremely tight monetary control by the Fed to combat a record-high inflation might show positive signals.
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Five beaten-down technology stocks are - Dell Technologies Inc. DELL, CrowdStrike Holdings Inc. CRWD, Broadcom Inc. AVGO, Palo Alto Networks Inc. PANW and QUALCOMM Inc. QCOM. Dell Technologies Inc. (DELL): Free Stock Analysis Report Currently, inflation is at a 40-year high.
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e57c12d4-e026-4362-af27-66c4875d7fb1
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725727.0
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2022-06-30 00:00:00 UTC
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Meta Stock Bears the Weight of a Risky Venture
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DELL
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https://www.nasdaq.com/articles/meta-stock-bears-the-weight-of-a-risky-venture
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
With the value of Meta Platforms (NASDAQ:META) recently cut in half from when it was called Facebook, CEO Mark Zuckerberg is hyping the metaverse, and analysts are buying it.
The virtual reality platform in which people could live and work intimately from wherever they are, will have a billion people spending hundreds of dollar each, he predicted.
The entry point is the Quest 2 headset, currently on sale at Amazon (NASDAQ:AMZN) for $300. Current applications are mostly games but that will change as the software develops.
The focus on the metaverse, which Zuckerberg admits is losing money, lets the company ignore slowing growth and controversies at its Facebook and Instagram. The question for investors is whether it will work.
Ticker Comapny Price
META Meta Platforms $162.14
META Stock and Facebook Reality
There’s no doubt that Meta’s growth stalled. March quarter revenues of $27.9 billion were well below the previous quarter’s $33.7 billion. Net income of $7.5 billion was down 27% from the December quarter. Operating cash flow was down 22% at $14 billion.
7 Growth Stocks to Buy for a Rich Retirement
Meta still had $44 billion of cash and securities on March 31, and the company doesn’t pay a dividend. There is no doubt that Zuckerberg can fund this effort for years.
But it’s taking a toll on shareholders, and on Zuckerberg’s personal fortune. He has fallen out of the top 20 in the Forbes 400 and is now worth $57.2 billion, about $3 billion more than Michael Dell of Dell Technologies (NASDAQ:DELL).
The dog-and-pony show did seem to put a floor under Meta’s value. You can now buy it for less than 12 times last year’s earnings and just 3.6 times sales. That’s dirt cheap considering it still brought almost 27% of revenue to the net income line in what a “down” quarter, after growing 37% at scale during 2021.
Meta Promise
Investors don’t buy yesterdays. They’re deeply skeptical about Meta’s tomorrow.
The company’s payment system has been rebranded as Meta Pay, offering what it calls “proof of digital ownership” in the new metaverse. Too bad digital coins and NFTs have all crashed. The company has also joined a standards group from which Alphabet (NASDAQ:GOOGL) and Apple (NASDAQ:AAPL) are notably absent. The Meta future is built around its headset, a technology the company paid $2 billion for back in 2014.
Critics charge the whole thing is an effort by Zuckerberg to build an operating system under his control, absent the privacy issues that have hurt recent advertising efforts. Others, who can accept the entertainment possibilities, don’t get the business application. Still others note that this changes the subject away from Facebook’s use in politics.
Meta’s current business is built on its 15 cloud data centers, most of them in the U.S., and free services delivered largely to the developing world. In theory, the metaverse would let a Nigerian programmer appear as the equal of one in Cupertino, but Facebook and Instagram already do this. The headset, and the broadband driving it, would also be unaffordable for much of the current audience.
The Bottom Line
Zuckerberg claims he’s creating something as big as the iPhone. But a demonstration, no matter how impressive, is just a demonstration.
Meta should bring in $28 billion to $30 billion during the current quarter, equal to last year’s second quarter, when it next reports July 27. Analysts expect $2.57/share of earnings. Average monthly users should be flat, owing to its exit from Russia.
That would be impressive, except as a shareholder you don’t get to decide what happens to all that money. Mark Zuckerberg does, and he’s sinking it into a risky venture with no guarantee of success.
If he’s right, this is the most exciting investment opportunity in years. If he’s wrong, there is still the base business and its data centers. This is a speculation for young investors that we oldsters should avoid.
On the date of publication, Dana Blankenhorn held a long position in GOOGL, AAPL and AMZN. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Dana Blankenhorn has been a financial and technology journalist since 1978. He is the author of Technology’s Big Bang: Yesterday, Today and Tomorrow with Moore’s Law, available at the Amazon Kindle store. Write him at danablankenhorn@gmail.com, tweet him at @danablankenhorn, or subscribe to his Substack.
The post Meta Stock Bears the Weight of a Risky Venture 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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He has fallen out of the top 20 in the Forbes 400 and is now worth $57.2 billion, about $3 billion more than Michael Dell of Dell Technologies (NASDAQ:DELL). The focus on the metaverse, which Zuckerberg admits is losing money, lets the company ignore slowing growth and controversies at its Facebook and Instagram. 7 Growth Stocks to Buy for a Rich Retirement Meta still had $44 billion of cash and securities on March 31, and the company doesn’t pay a dividend.
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He has fallen out of the top 20 in the Forbes 400 and is now worth $57.2 billion, about $3 billion more than Michael Dell of Dell Technologies (NASDAQ:DELL). InvestorPlace - Stock Market News, Stock Advice & Trading Tips With the value of Meta Platforms (NASDAQ:META) recently cut in half from when it was called Facebook, CEO Mark Zuckerberg is hyping the metaverse, and analysts are buying it. The entry point is the Quest 2 headset, currently on sale at Amazon (NASDAQ:AMZN) for $300.
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He has fallen out of the top 20 in the Forbes 400 and is now worth $57.2 billion, about $3 billion more than Michael Dell of Dell Technologies (NASDAQ:DELL). InvestorPlace - Stock Market News, Stock Advice & Trading Tips With the value of Meta Platforms (NASDAQ:META) recently cut in half from when it was called Facebook, CEO Mark Zuckerberg is hyping the metaverse, and analysts are buying it. Ticker Comapny Price META Meta Platforms $162.14 META Stock and Facebook Reality There’s no doubt that Meta’s growth stalled.
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He has fallen out of the top 20 in the Forbes 400 and is now worth $57.2 billion, about $3 billion more than Michael Dell of Dell Technologies (NASDAQ:DELL). Ticker Comapny Price META Meta Platforms $162.14 META Stock and Facebook Reality There’s no doubt that Meta’s growth stalled. Meta Promise Investors don’t buy yesterdays.
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8b553900-1e34-487c-bf5e-bc68b8425a7f
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725728.0
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2022-06-30 00:00:00 UTC
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Best Growth Stocks to Buy for June 30th
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DELL
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https://www.nasdaq.com/articles/best-growth-stocks-to-buy-for-june-30th
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nan
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nan
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Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, June 30th:
Dell Technologies Inc. DELL: This information technology solutions, products and services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days.
Dell Technologies Inc. Price and Consensus
Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote
Dell has a PEG ratio of 0.56 compared with 0.65 for the industry. The company possesses a Growth Score of B.
Dell Technologies Inc. PEG Ratio (TTM)
Dell Technologies Inc. peg-ratio-ttm | Dell Technologies Inc. Quote
Dollar Tree, Inc. DLTR: This discount variety retail stores chain carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 3% over the last 60 days.
Dollar Tree, Inc. Price and Consensus
Dollar Tree, Inc. price-consensus-chart | Dollar Tree, Inc. Quote
Dollar Tree has a PEG ratio of 1.23 compared with 1.69 for the industry. The company possesses a Growth Score of B.
Dollar Tree, Inc. PEG Ratio (TTM)
Dollar Tree, Inc. peg-ratio-ttm | Dollar Tree, Inc. Quote
Imperial Oil Limited IMO: This explorer and producer of crude oil and natural gas carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 15.3% over the last 60 days.
Imperial Oil Limited Price and Consensus
Imperial Oil Limited price-consensus-chart | Imperial Oil Limited Quote
Imperial Oil has a PEG ratio of 0.22 compared with 0.55 for the industry. The company possesses a Growth Score of A.
Imperial Oil Limited PEG Ratio (TTM)
Imperial Oil Limited peg-ratio-ttm | Imperial Oil Limited Quote
See the full list of top ranked stocks here.
Learn more about the Growth score and how it is calculated here.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s 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
Dollar Tree, Inc. (DLTR): Free Stock Analysis Report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
Imperial Oil Limited (IMO): 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 three stocks with buy ranks and strong growth characteristics for investors to consider today, June 30th: Dell Technologies Inc. DELL: This information technology solutions, products and services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days. The company possesses a Growth Score of B. Dell Technologies Inc. PEG Ratio (TTM) Dell Technologies Inc. peg-ratio-ttm | Dell Technologies Inc. Quote Dollar Tree, Inc. DLTR: This discount variety retail stores chain carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 3% over the last 60 days. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell has a PEG ratio of 0.56 compared with 0.65 for the industry.
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The company possesses a Growth Score of B. Dell Technologies Inc. PEG Ratio (TTM) Dell Technologies Inc. peg-ratio-ttm | Dell Technologies Inc. Quote Dollar Tree, Inc. DLTR: This discount variety retail stores chain carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 3% over the last 60 days. Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, June 30th: Dell Technologies Inc. DELL: This information technology solutions, products and services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell has a PEG ratio of 0.56 compared with 0.65 for the industry.
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Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, June 30th: Dell Technologies Inc. DELL: This information technology solutions, products and services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days. The company possesses a Growth Score of B. Dell Technologies Inc. PEG Ratio (TTM) Dell Technologies Inc. peg-ratio-ttm | Dell Technologies Inc. Quote Dollar Tree, Inc. DLTR: This discount variety retail stores chain carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 3% over the last 60 days. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell has a PEG ratio of 0.56 compared with 0.65 for the industry.
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Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, June 30th: Dell Technologies Inc. DELL: This information technology solutions, products and services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days. The company possesses a Growth Score of B. Dell Technologies Inc. PEG Ratio (TTM) Dell Technologies Inc. peg-ratio-ttm | Dell Technologies Inc. Quote Dollar Tree, Inc. DLTR: This discount variety retail stores chain carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 3% over the last 60 days. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell has a PEG ratio of 0.56 compared with 0.65 for the industry.
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99ed64f2-7641-4600-91ad-76eecedae40d
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725729.0
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2022-06-30 00:00:00 UTC
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Implied DIVB Analyst Target Price: $47
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DELL
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https://www.nasdaq.com/articles/implied-divb-analyst-target-price%3A-%2447
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nan
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nan
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the iShares U.S. Dividend and Buyback ETF (Symbol: DIVB), we found that the implied analyst target price for the ETF based upon its underlying holdings is $47.22 per unit.
With DIVB trading at a recent price near $36.56 per unit, that means that analysts see 29.17% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of DIVB's underlying holdings with notable upside to their analyst target prices are TE Connectivity Ltd (Symbol: TEL), Dell Technologies Inc (Symbol: DELL), and NetApp, Inc. (Symbol: NTAP). Although TEL has traded at a recent price of $112.89/share, the average analyst target is 39.48% higher at $157.45/share. Similarly, DELL has 38.94% upside from the recent share price of $47.39 if the average analyst target price of $65.85/share is reached, and analysts on average are expecting NTAP to reach a target price of $89.82/share, which is 37.43% above the recent price of $65.36. Below is a twelve month price history chart comparing the stock performance of TEL, DELL, and NTAP:
Below is a summary table of the current analyst target prices discussed above:
NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
iShares U.S. Dividend and Buyback ETF DIVB $36.56 $47.22 29.17%
TE Connectivity Ltd TEL $112.89 $157.45 39.48%
Dell Technologies Inc DELL $47.39 $65.85 38.94%
NetApp, Inc. NTAP $65.36 $89.82 37.43%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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iShares U.S. Dividend and Buyback ETF DIVB $36.56 $47.22 29.17% TE Connectivity Ltd TEL $112.89 $157.45 39.48% Dell Technologies Inc DELL $47.39 $65.85 38.94% NetApp, Inc. NTAP $65.36 $89.82 37.43% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of DIVB's underlying holdings with notable upside to their analyst target prices are TE Connectivity Ltd (Symbol: TEL), Dell Technologies Inc (Symbol: DELL), and NetApp, Inc. (Symbol: NTAP). Similarly, DELL has 38.94% upside from the recent share price of $47.39 if the average analyst target price of $65.85/share is reached, and analysts on average are expecting NTAP to reach a target price of $89.82/share, which is 37.43% above the recent price of $65.36.
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Three of DIVB's underlying holdings with notable upside to their analyst target prices are TE Connectivity Ltd (Symbol: TEL), Dell Technologies Inc (Symbol: DELL), and NetApp, Inc. (Symbol: NTAP). Similarly, DELL has 38.94% upside from the recent share price of $47.39 if the average analyst target price of $65.85/share is reached, and analysts on average are expecting NTAP to reach a target price of $89.82/share, which is 37.43% above the recent price of $65.36. iShares U.S. Dividend and Buyback ETF DIVB $36.56 $47.22 29.17% TE Connectivity Ltd TEL $112.89 $157.45 39.48% Dell Technologies Inc DELL $47.39 $65.85 38.94% NetApp, Inc. NTAP $65.36 $89.82 37.43% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now?
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Similarly, DELL has 38.94% upside from the recent share price of $47.39 if the average analyst target price of $65.85/share is reached, and analysts on average are expecting NTAP to reach a target price of $89.82/share, which is 37.43% above the recent price of $65.36. Three of DIVB's underlying holdings with notable upside to their analyst target prices are TE Connectivity Ltd (Symbol: TEL), Dell Technologies Inc (Symbol: DELL), and NetApp, Inc. (Symbol: NTAP). Below is a twelve month price history chart comparing the stock performance of TEL, DELL, and NTAP: Below is a summary table of the current analyst target prices discussed above:
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iShares U.S. Dividend and Buyback ETF DIVB $36.56 $47.22 29.17% TE Connectivity Ltd TEL $112.89 $157.45 39.48% Dell Technologies Inc DELL $47.39 $65.85 38.94% NetApp, Inc. NTAP $65.36 $89.82 37.43% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of DIVB's underlying holdings with notable upside to their analyst target prices are TE Connectivity Ltd (Symbol: TEL), Dell Technologies Inc (Symbol: DELL), and NetApp, Inc. (Symbol: NTAP). Similarly, DELL has 38.94% upside from the recent share price of $47.39 if the average analyst target price of $65.85/share is reached, and analysts on average are expecting NTAP to reach a target price of $89.82/share, which is 37.43% above the recent price of $65.36.
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e5a55333-5761-44c7-8f4a-ba24fa54e86f
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725730.0
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2022-06-29 00:00:00 UTC
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Is This Dividend Growth Stock a Buy Now? Broadcom Buying VMware
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DELL
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https://www.nasdaq.com/articles/is-this-dividend-growth-stock-a-buy-now-broadcom-buying-vmware
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nan
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nan
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Today, I break down everything you need to know regarding the Broadcom (NASDAQ: AVGO) and VMware (NYSE: VMW) deal. If approved, it would be one of the largest technology acquisitions of all time. In the below video, I break down the details of the acquisition, explain each business and possible synergies, and share my thoughts on the stock price and if I think AVGO is a buy now.
*Stock prices used in the below video were during the trading day of June 28, 2022. The video was published on June 28, 2022.
10 stocks we like better than Broadcom Ltd
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*Stock Advisor returns as of June 2, 2022
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Eric Cuka has positions in Alphabet (A shares), Amazon, Broadcom Ltd, CrowdStrike Holdings, Inc., Microsoft, and SentinelOne, Inc. The Motley Fool has positions in and recommends Alphabet (A shares), Alphabet (C shares), Amazon, CrowdStrike Holdings, Inc., Dell Technologies Inc., and Microsoft. The Motley Fool recommends Broadcom Ltd and VMware. The Motley Fool has a disclosure policy. Eric is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, 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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The Motley Fool has positions in and recommends Alphabet (A shares), Alphabet (C shares), Amazon, CrowdStrike Holdings, Inc., Dell Technologies Inc., and Microsoft. In the below video, I break down the details of the acquisition, explain each business and possible synergies, and share my thoughts on the stock price and if I think AVGO is a buy now. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors.
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The Motley Fool has positions in and recommends Alphabet (A shares), Alphabet (C shares), Amazon, CrowdStrike Holdings, Inc., Dell Technologies Inc., and Microsoft. Eric Cuka has positions in Alphabet (A shares), Amazon, Broadcom Ltd, CrowdStrike Holdings, Inc., Microsoft, and SentinelOne, Inc. The Motley Fool recommends Broadcom Ltd and VMware.
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The Motley Fool has positions in and recommends Alphabet (A shares), Alphabet (C shares), Amazon, CrowdStrike Holdings, Inc., Dell Technologies Inc., and Microsoft. 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 June 2, 2022 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors.
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The Motley Fool has positions in and recommends Alphabet (A shares), Alphabet (C shares), Amazon, CrowdStrike Holdings, Inc., Dell Technologies Inc., and Microsoft. In the below video, I break down the details of the acquisition, explain each business and possible synergies, and share my thoughts on the stock price and if I think AVGO is a buy now. That's right -- they think these 10 stocks are even better buys.
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a935198f-1c7d-41f6-bb46-7614bb8a4b71
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725731.0
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2022-06-28 00:00:00 UTC
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Apple (AAPL) Likely to Launch New Macs With Four M2 Chip Variants
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DELL
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https://www.nasdaq.com/articles/apple-aapl-likely-to-launch-new-macs-with-four-m2-chip-variants
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nan
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nan
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Apple AAPL is likely to launch new Macs with four M2 chip variants — Pro, Ultra, Max, and Extreme — this year, per a latest newsletter by Bloomberg journalist, Mark Gurman, cited by 9TO5Mac.
Apart from new iPhones touted as iPhone 14 and 14 Pro, which are most likely to be launched in September, Gurman also expects the launches of a Mac Mini and Mac Mini Pro powered by the M2 chip.
Apple is also expected to launch Watch Series 8 and second-generation Watch SE later this year.
Moreover, Gurman expects a new HomePod to be released by Apple in 2023.
Apple Inc. Price and Consensus
Apple Inc. price-consensus-chart | Apple Inc. Quote
Apple’s Expanding Portfolio to Boost Growth
Apple has been struggling so far in 2022, primarily due to coronavirus-induced supply-chain disruptions, industry-wide silicon shortage, unfavorable forex and the ongoing Russia-Ukraine conflict.
Shares of the iPhone-maker have been down 20.2% year to date although it has managed to outperform the Zacks Computer & Technology sector’s decline of 27.7%.
The near-term outlook is not enthusiastic, given the headwinds. Apple did not provide revenue guidance for the third quarter of fiscal 2022. Apple expects COVID-induced supply chain disruptions and the industry-wide silicon shortage to hurt its top line by $4-$8 billion. Unfavorable forex is also expected to hurt revenues by 300 basis points (bps).
Moreover, the absence of revenues from Russia is expected to hurt the top line by 150 bps. Apple paused all sales in Russia during the fiscal second quarter (March quarter).
Nevertheless, the company’s expanding portfolio brightens its prospects. The new M2 chips are expected to boost demand for new MacBook Air and MacBook Pro, thereby improving Apple’s competitive position against the likes of Lenovo, Dell Technologies DELL and HP HPQ.
Per Gartner, worldwide PC shipments in the first quarter of 2022 witnessed a year-over-year decrease of 6.8%, reaching 77.9 million units. Both Lenovo and HP witnessed decline in market share while Dell and Apple’s shares gained.
Dell, Apple and ASUS were the only vendors that witnessed shipment growth in first-quarter 2022. Dell shipped 13.804 million units, witnessing 6.1% year-over-year growth in said time period, per the Gartner report.
Apple shipped 7.005 million units, witnessing 8.6% year-over-year growth. HP shipped 15.863 million units, down 17.8% year over year.
Moreover, the new watchOS9 updates (announced during Worldwide Developer Conference) will strengthen Apple Watch’s features, helping it steer off competition from the likes of Garmin GRMN, which has been constantly innovating in this domain.
Garmin recently unveiled a running smartwatch called the Forerunner 955 Solar with solar charging capability. The latest device expands Garmin’s portfolio of fitness offerings, adding strength to its fitness segment.
Meanwhile, the Services portfolio has emerged as Apple’s new cash cow. This Zacks Rank #3 (Hold) company had more than 825 million paid subscribers across its Services portfolio at the end of fiscal second quarter. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
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
Apple Inc. (AAPL): Free Stock Analysis Report
HP Inc. (HPQ): Free Stock Analysis Report
Garmin Ltd. (GRMN): Free Stock Analysis Report
Dell Technologies Inc. (DELL): 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 new M2 chips are expected to boost demand for new MacBook Air and MacBook Pro, thereby improving Apple’s competitive position against the likes of Lenovo, Dell Technologies DELL and HP HPQ. Both Lenovo and HP witnessed decline in market share while Dell and Apple’s shares gained. Dell, Apple and ASUS were the only vendors that witnessed shipment growth in first-quarter 2022.
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The new M2 chips are expected to boost demand for new MacBook Air and MacBook Pro, thereby improving Apple’s competitive position against the likes of Lenovo, Dell Technologies DELL and HP HPQ. Dell shipped 13.804 million units, witnessing 6.1% year-over-year growth in said time period, per the Gartner report. Both Lenovo and HP witnessed decline in market share while Dell and Apple’s shares gained.
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The new M2 chips are expected to boost demand for new MacBook Air and MacBook Pro, thereby improving Apple’s competitive position against the likes of Lenovo, Dell Technologies DELL and HP HPQ. Both Lenovo and HP witnessed decline in market share while Dell and Apple’s shares gained. Dell, Apple and ASUS were the only vendors that witnessed shipment growth in first-quarter 2022.
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Dell Technologies Inc. (DELL): Free Stock Analysis Report The new M2 chips are expected to boost demand for new MacBook Air and MacBook Pro, thereby improving Apple’s competitive position against the likes of Lenovo, Dell Technologies DELL and HP HPQ. Both Lenovo and HP witnessed decline in market share while Dell and Apple’s shares gained.
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9870df14-705f-4d87-94b6-69206a8e687a
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725732.0
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2022-06-28 00:00:00 UTC
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The Zacks Analyst Blog Highlights Dell Technologies, Nucor, Marathon Petroleum, The Kroger and Valero Energy
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DELL
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights-dell-technologies-nucor-marathon-petroleum-the-kroger
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nan
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nan
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For Immediate Release
Chicago, IL – June 28, 2022 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Dell Technologies Inc. DELL, Nucor Corp. NUE, Marathon Petroleum Corp. MPC, The Kroger Co. KR and Valero Energy Corp. VLO.
Here are highlights from Monday’s Analyst Blog:
5 Must-Buy Stocks to Tap Wall Street's Relief Rally
Market participants got a pleasant surprise last week as the major stocks indexes recorded their second-best weekly performance in 2022. Wall Street remained extremely volatile in the first half of 2022 and is heading toward one of its worst performances after World War II. In the week prior to last week, these indexes posted their worst weekly performances since 2020.
Wall Street is currently in a bear market. However, this relief rally is likely to extend in the near-term. At this stage, it will be prudent to invest in beaten-down large-cap stocks with a favorable Zacks Rank. Five of them are — Dell Technologies Inc., Nucor Corp., Marathon Petroleum Corp., The Kroger Co. and Valero Energy Corp..
A Relief Rally
Last week was an impressive one for Wall Street. The three major stock indexes – the Dow, the S&P 500 and the Nasdaq Composite – have rallied 5.4%, 6.55 and 7.5%, respectively. Despite the rally, year to date, the Dow, the S&P 500 and the Nasdaq Composite have tumbled 13.3%, 17.9% and 25.8%, respectively.
At the same time, the valuation of most of the stocks, irrespective of market capitalization, sector and industry, has corrected significantly. U.S. stocks are no longer overvalued. In fact, for a large section of the equity market, chances of a further decline are limited.
This week will end the second-quarter as well as the first-half of 2022 and will start the third-quarter and the second-half of 2022. Major institutional investors generally rebalance their portfolio at this time. Although we are not expecting a rebound from the current bear market anytime soon, a pullback is long overdue as equities are highly lucrative at their current valuations.
Most of these stocks have significant short build-up in the first half. Therefore, a sharp short-covering is expected that is likely to strengthen the rally. Moreover, recently, several major investment bankers and portfolio managers have said that the U.S. economy may not fall into a recession anytime soon despite slowing GDP growth. Even if there is a recession, the effect may be mild.
Our Top Picks
We have narrowed our search to five U.S. large-cap corporates with strong growth potential for the rest of 2022. These stocks have seen positive earnings estimate revisions in the last 30 days. Moreover, these companies are regular dividend payers. Finally, each of our picks carries a Zacks Rank #1 (Strong Buy) and a VGM Style Score of A. You can see the complete list of today's Zacks #1 Rank stocks here.
Dell Technologies offers personal computers, computer hardware, and cloud and data management services. DELL's operating segment consists of Client Solutions CS), Enterprise Solutions Group (ESG) and Dell Software Group (DSG).
The CS segment includes sales to commercial and consumer customers of desktops, thin client products, notebooks as well as services and third-party software and peripherals of Client Solutions hardware.
The ESG segment includes servers, networking and storage as well as services and third-party software and peripherals of ESG hardware. The DSG segment includes systems management, security software solutions and information management software offerings.
Dell Technologies has an expected earnings growth rate of 13.1% for the current year (ending January 2023). The Zacks Consensus Estimate for current-year earnings has improved 8% over the last 30 days. DELL has a current dividend yield of 2.63%.
Nucor is committed to expanding its production capabilities and growing its business through strategic acquisitions. NUE has already commissioned some of its growth projects. These should drive growth and strengthen Nucor's position as a low-cost producer.
NUE is also seeing strong momentum in the non-residential construction market and strong demand in the heavy equipment market. NUE remains focused on achieving greater penetration of the automotive market because of the segment's long-term growth opportunities. Higher steel prices due to tight supply and higher end-market demand should also drive Nucor's margins.
Nucor has an expected earnings growth rate of 28.5% for the current-year. The Zacks Consensus Estimate for current-year earnings improved 17.1% over the last 30 days. NUE has a current dividend yield of 1.80%.
Marathon Petroleum is poised for further price gains based on a slew of positives. MPC's $21 billion sales of its Speedway retail business provided it with a much-needed cash infusion. The deal also comes with a 15-year fuel supply agreement under which Marathon Petroleum will supply 7.7 billion gallons of gasoline per year to 7-Eleven, thus ensuring a steady revenue stream.
MPC's exposure to more stable cash flows from the logistics segment diversifies the earnings stream and offers a buffer against the volatile refining business. Consequently, Marathon Petroleum is primed for significant capital appreciation and is viewed as a preferred downstream operator to own now.
Marathon Petroleum has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 25.5% over the last 30 days. MPC has a current dividend yield of 2.71%.
The Kroger has been undertaking efforts to strengthen its position not only with respect to products but also in terms of the way consumers shop. KR has been making investments to enhance product freshness and quality as well as expand digital capabilities. Further, The Kroger has been augmenting "Our Brands" portfolio by launching new products.
Management provided an upbeat outlook for fiscal 2022 projecting identical sales, without fuel, in the band of 2-3%. KR remains committed to doubling its digital business and profitability by the end of 2023.
The Kroger has an expected earnings growth rate of 6.3% for the current fiscal year (ending January 2023). The Zacks Consensus Estimate for current-year earnings improved 0.5% over the last 7 days. KR has a current dividend yield of 1.73%.
Valero Energy is the largest independent refiner and marketer of petroleum products in the United States. VLO offers the most diversified refinery base with a capacity of 3.2 million barrels per day in its 15 refineries throughout the United States, Canada and the Caribbean.
The majority of Valero Energy's refining plants are situated in the Gulf coast area from where there is easy access to the export facilities. VLO's Gulf coast presence helped it to expand export volumes over the past years and gain from high distillate margins.
Moreover, Valero Energy intends to quadruple renewable diesel production capacity by 2023. With low-carbon fuel policies being adopted by economies around the globe, demand for renewable fuel is expected to rise in the coming days. Also, VLO is expected to capitalize on the increasing demand for distillate fuel.
Valero Energy has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings improved 18.4% over the last 30 days. VLO has a current dividend of 3.77%.
Why Haven't You Looked at Zacks' Top Stocks?
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Zacks Investment Research
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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
Dell Technologies Inc. (DELL): Free Stock Analysis Report
Valero Energy Corporation (VLO): Free Stock Analysis Report
The Kroger Co. (KR): Free Stock Analysis Report
Marathon Petroleum Corporation (MPC): 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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Five of them are — Dell Technologies Inc., Nucor Corp., Marathon Petroleum Corp., The Kroger Co. and Valero Energy Corp.. A Relief Rally Last week was an impressive one for Wall Street. Stocks recently featured in the blog include: Dell Technologies Inc. DELL, Nucor Corp. NUE, Marathon Petroleum Corp. MPC, The Kroger Co. KR and Valero Energy Corp. VLO. Dell Technologies offers personal computers, computer hardware, and cloud and data management services.
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Stocks recently featured in the blog include: Dell Technologies Inc. DELL, Nucor Corp. NUE, Marathon Petroleum Corp. MPC, The Kroger Co. KR and Valero Energy Corp. VLO. DELL's operating segment consists of Client Solutions CS), Enterprise Solutions Group (ESG) and Dell Software Group (DSG). Five of them are — Dell Technologies Inc., Nucor Corp., Marathon Petroleum Corp., The Kroger Co. and Valero Energy Corp.. A Relief Rally Last week was an impressive one for Wall Street.
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Stocks recently featured in the blog include: Dell Technologies Inc. DELL, Nucor Corp. NUE, Marathon Petroleum Corp. MPC, The Kroger Co. KR and Valero Energy Corp. VLO. Five of them are — Dell Technologies Inc., Nucor Corp., Marathon Petroleum Corp., The Kroger Co. and Valero Energy Corp.. A Relief Rally Last week was an impressive one for Wall Street. Dell Technologies offers personal computers, computer hardware, and cloud and data management services.
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Stocks recently featured in the blog include: Dell Technologies Inc. DELL, Nucor Corp. NUE, Marathon Petroleum Corp. MPC, The Kroger Co. KR and Valero Energy Corp. VLO. Five of them are — Dell Technologies Inc., Nucor Corp., Marathon Petroleum Corp., The Kroger Co. and Valero Energy Corp.. A Relief Rally Last week was an impressive one for Wall Street. Dell Technologies offers personal computers, computer hardware, and cloud and data management services.
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725733.0
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2022-06-27 00:00:00 UTC
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5 Must-Buy Stocks to Tap Wall Street's Relief Rally
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DELL
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https://www.nasdaq.com/articles/5-must-buy-stocks-to-tap-wall-streets-relief-rally
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Market participants got a pleasant surprise last week as the major stocks indexes recorded their second-best weekly performance in 2022. Wall Street remained extremely volatile in the first half of 2022 and is heading toward one of its worst performances after World War II. In the week prior to last week, these indexes posted their worst weekly performances since 2020.
Wall Street is currently in a bear market. However, this relief rally is likely to extend in the near-term. At this stage, it will be prudent to invest in beaten-down large-cap stocks with a favorable Zacks Rank. Five of them are — Dell Technologies Inc. DELL, Nucor Corp. NUE, Marathon Petroleum Corp. MPC, The Kroger Co. KR and Valero Energy Corp. VLO.
A Relief Rally
Last week was an impressive one for Wall Street. The three major stock indexes – the Dow, the S&P 500 and the Nasdaq Composite – have rallied 5.4%, 6.55 and 7.5%, respectively. Despite the rally, year to date, the Dow, the S&P 500 and the Nasdaq Composite have tumbled 13.3%, 17.9% and 25.8%, respectively.
At the same time, the valuation of most of the stocks, irrespective of market capitalization, sector and industry, has corrected significantly. U.S. stocks are no longer overvalued. In fact, for a large section of the equity market, chances of a further decline are limited.
This week will end the second-quarter as well as the first-half of 2022 and will start the third-quarter and the second-half of 2022. Major institutional investors generally rebalance their portfolio at this time. Although we are not expecting a rebound from the current bear market anytime soon, a pullback is long overdue as equities are highly lucrative at their current valuations.
Most of these stocks have significant short build-up in the first half. Therefore, a sharp short-covering is expected that is likely to strengthen the rally. Moreover, recently, several major investment bankers and portfolio managers have said that the U.S. economy may not fall into a recession anytime soon despite slowing GDP growth. Even if there is a recession, the effect may be mild.
Our Top Picks
We have narrowed our search to five U.S. large-cap corporates with strong growth potential for the rest of 2022. These stocks have seen positive earnings estimate revisions in the last 30 days. Moreover, these companies are regular dividend payers. Finally, each of our picks carries a Zacks Rank #1 (Strong Buy) and a VGM Style Score of A. You can see the complete list of today’s Zacks #1 Rank stocks here.
The chart below shows the price performance of our five picks in the past month.
Image Source: Zacks Investment Research
Dell Technologies offers personal computers, computer hardware, and cloud and data management services. DELL’s operating segment consists of Client Solutions CS), Enterprise Solutions Group (ESG) and Dell Software Group (DSG).
The CS segment includes sales to commercial and consumer customers of desktops, thin client products, notebooks as well as services and third-party software and peripherals of Client Solutions hardware.
The ESG segment includes servers, networking and storage as well as services and third-party software and peripherals of ESG hardware. The DSG segment includes systems management, security software solutions and information management software offerings.
Dell Technologies has an expected earnings growth rate of 13.1% for the current year (ending January 2023). The Zacks Consensus Estimate for current-year earnings has improved 8% over the last 30 days. DELL has a current dividend yield of 2.63%.
Nucor is committed to expanding its production capabilities and growing its business through strategic acquisitions. NUE has already commissioned some of its growth projects. These should drive growth and strengthen Nucor’s position as a low-cost producer.
NUE is also seeing strong momentum in the non-residential construction market and strong demand in the heavy equipment market. NUE remains focused on achieving greater penetration of the automotive market because of the segment’s long-term growth opportunities. Higher steel prices due to tight supply and higher end-market demand should also drive Nucor’s margins.
Nucor has an expected earnings growth rate of 28.5% for the current-year. The Zacks Consensus Estimate for current-year earnings improved 17.1% over the last 30 days. NUE has a current dividend yield of 1.80%.
Marathon Petroleum is poised for further price gains based on a slew of positives. MPC’s $21 billion sales of its Speedway retail business provided it with a much-needed cash infusion. The deal also comes with a 15-year fuel supply agreement under which Marathon Petroleum will supply 7.7 billion gallons of gasoline per year to 7-Eleven, thus ensuring a steady revenue stream.
MPC’s exposure to more stable cash flows from the logistics segment diversifies the earnings stream and offers a buffer against the volatile refining business. Consequently, Marathon Petroleum is primed for significant capital appreciation and is viewed as a preferred downstream operator to own now.
Marathon Petroleum has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 25.5% over the last 30 days. MPC has a current dividend yield of 2.71%.
The Kroger has been undertaking efforts to strengthen its position not only with respect to products but also in terms of the way consumers shop. KR has been making investments to enhance product freshness and quality as well as expand digital capabilities. Further, The Kroger has been augmenting “Our Brands” portfolio by launching new products.
Management provided an upbeat outlook for fiscal 2022 projecting identical sales, without fuel, in the band of 2-3%. KR remains committed to doubling its digital business and profitability by the end of 2023.
The Kroger has an expected earnings growth rate of 6.3% for the current fiscal year (ending January 2023). The Zacks Consensus Estimate for current-year earnings improved 0.5% over the last 7 days. KR has a current dividend yield of 1.73%.
Valero Energy is the largest independent refiner and marketer of petroleum products in the United States. VLO offers the most diversified refinery base with a capacity of 3.2 million barrels per day in its 15 refineries throughout the United States, Canada and the Caribbean.
The majority of Valero Energy’s refining plants are situated in the Gulf coast area from where there is easy access to the export facilities. VLO’s Gulf coast presence helped it to expand export volumes over the past years and gain from high distillate margins.
Moreover, Valero Energy intends to quadruple renewable diesel production capacity by 2023. With low-carbon fuel policies being adopted by economies around the globe, demand for renewable fuel is expected to rise in the coming days. Also, VLO is expected to capitalize on the increasing demand for distillate fuel.
Valero Energy has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings improved 18.4% over the last 30 days. VLO has a current dividend of 3.77%.
Just Released: Zacks Top 10 Stocks for 2022
In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2022?
From inception in 2012 through 2021, the Zacks Top 10 Stocks portfolios gained an impressive +1,001.2% versus the S&P 500’s +348.7%. Now our Director of Research has combed through 4,000 companies covered by the Zacks Rank and has handpicked the best 10 tickers to buy and hold. Don’t miss your chance to get in…because the sooner you do, the more upside you stand to grab.
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
Nucor Corporation (NUE): Free Stock Analysis Report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
Valero Energy Corporation (VLO): Free Stock Analysis Report
The Kroger Co. (KR): Free Stock Analysis Report
Marathon Petroleum Corporation (MPC): Free Stock Analysis Report
To read this article on Zacks.com 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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Five of them are — Dell Technologies Inc. DELL, Nucor Corp. NUE, Marathon Petroleum Corp. MPC, The Kroger Co. KR and Valero Energy Corp. VLO. Image Source: Zacks Investment Research Dell Technologies offers personal computers, computer hardware, and cloud and data management services. DELL’s operating segment consists of Client Solutions CS), Enterprise Solutions Group (ESG) and Dell Software Group (DSG).
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Five of them are — Dell Technologies Inc. DELL, Nucor Corp. NUE, Marathon Petroleum Corp. MPC, The Kroger Co. KR and Valero Energy Corp. VLO. Image Source: Zacks Investment Research Dell Technologies offers personal computers, computer hardware, and cloud and data management services. DELL’s operating segment consists of Client Solutions CS), Enterprise Solutions Group (ESG) and Dell Software Group (DSG).
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Five of them are — Dell Technologies Inc. DELL, Nucor Corp. NUE, Marathon Petroleum Corp. MPC, The Kroger Co. KR and Valero Energy Corp. VLO. Dell Technologies has an expected earnings growth rate of 13.1% for the current year (ending January 2023). Image Source: Zacks Investment Research Dell Technologies offers personal computers, computer hardware, and cloud and data management services.
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Five of them are — Dell Technologies Inc. DELL, Nucor Corp. NUE, Marathon Petroleum Corp. MPC, The Kroger Co. KR and Valero Energy Corp. VLO. Image Source: Zacks Investment Research Dell Technologies offers personal computers, computer hardware, and cloud and data management services. DELL’s operating segment consists of Client Solutions CS), Enterprise Solutions Group (ESG) and Dell Software Group (DSG).
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26aea6c6-98f9-4594-9090-8defdc9993ca
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725734.0
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2022-06-27 00:00:00 UTC
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New Strong Buy Stocks for June 27th
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DELL
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https://www.nasdaq.com/articles/new-strong-buy-stocks-for-june-27th
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nan
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nan
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Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:
Banco Santander-Chile BSAC: This commercial and retail banking company has seen the Zacks Consensus Estimate for its current year earnings increasing 12.2% over the last 60 days.
Banco Santander Chile Price and Consensus
Banco Santander Chile price-consensus-chart | Banco Santander Chile Quote
Capital Product Partners L.P. CPLP: This marine transportation services company from Greece has seen the Zacks Consensus Estimate for its current year earnings increasing 13.8% over the last 60 days.
Capital Product Partners L.P. Price and Consensus
Capital Product Partners L.P. price-consensus-chart | Capital Product Partners L.P. Quote
The Chemours Company CC: This global provider of performance chemicals has seen the Zacks Consensus Estimate for its current year earnings increasing 15.7% over the last 60 days.
The Chemours Company Price and Consensus
The Chemours Company price-consensus-chart | The Chemours Company Quote
Otter Tail Corporation OTTR: This electric utility, manufacturing, and plastic pipe company has seen the Zacks Consensus Estimate for its current year earnings increasing 37.7% over the last 60 days.
Otter Tail Corporation Price and Consensus
Otter Tail Corporation price-consensus-chart | Otter Tail Corporation Quote
Dell Technologies Inc. DELL: This information technology solutions, products and services company has seen the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days.
Dell Technologies Inc. Price and Consensus
Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Just Released: Zacks Top 10 Stocks for 2022
In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2022?
From inception in 2012 through 2021, the Zacks Top 10 Stocks portfolios gained an impressive +1,001.2% versus the S&P 500’s +348.7%. Now our Director of Research has combed through 4,000 companies covered by the Zacks Rank and has handpicked the best 10 tickers to buy and hold. Don’t miss your chance to get in…because the sooner you do, the more upside you stand to grab.
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
Dell Technologies Inc. (DELL): Free Stock Analysis Report
Otter Tail Corporation (OTTR): Free Stock Analysis Report
Banco Santander Chile (BSAC): Free Stock Analysis Report
The Chemours Company (CC): Free Stock Analysis Report
Capital Product Partners L.P. (CPLP): 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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Otter Tail Corporation Price and Consensus Otter Tail Corporation price-consensus-chart | Otter Tail Corporation Quote Dell Technologies Inc. DELL: This information technology solutions, products and services company has seen the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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Otter Tail Corporation Price and Consensus Otter Tail Corporation price-consensus-chart | Otter Tail Corporation Quote Dell Technologies Inc. DELL: This information technology solutions, products and services company has seen the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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Otter Tail Corporation Price and Consensus Otter Tail Corporation price-consensus-chart | Otter Tail Corporation Quote Dell Technologies Inc. DELL: This information technology solutions, products and services company has seen the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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Otter Tail Corporation Price and Consensus Otter Tail Corporation price-consensus-chart | Otter Tail Corporation Quote Dell Technologies Inc. DELL: This information technology solutions, products and services company has seen the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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eb0294a6-e511-49a3-8733-87dd2e681808
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725735.0
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2022-06-27 00:00:00 UTC
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Best Growth Stocks to Buy for June 27th
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DELL
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https://www.nasdaq.com/articles/best-growth-stocks-to-buy-for-june-27th
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nan
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nan
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Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, June 27th:
Dell Technologies Inc. DELL: This information technology solutions, products and services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days.
Dell Technologies Inc. Price and Consensus
Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote
Dell has a PEG ratio of 0.59 compared with 0.73 for the industry. The company possesses a Growth Score of B.
Dell Technologies Inc. PEG Ratio (TTM)
Dell Technologies Inc. peg-ratio-ttm | Dell Technologies Inc. Quote
Avis Budget Group, Inc. CAR: This car and truck rental company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 75.3% over the last 60 days.
Avis Budget Group, Inc. Price and Consensus
Avis Budget Group, Inc. price-consensus-chart | Avis Budget Group, Inc. Quote
Avis has a PEG ratio of 0.21 compared with 1.26 for the industry. The company possesses a Growth Score of A.
Avis Budget Group, Inc. PEG Ratio (TTM)
Avis Budget Group, Inc. peg-ratio-ttm | Avis Budget Group, Inc. Quote
Avnet, Inc. AVT: This technology solutions company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 20.5% over the last 60 days.
Avnet, Inc. Price and Consensus
Avnet, Inc. price-consensus-chart | Avnet, Inc. Quote
Avnet has a PEG ratio of 0.17 compared with 0.54 for the industry. The company possesses a Growth Score of B.
Avnet, Inc. PEG Ratio (TTM)
Avnet, Inc. peg-ratio-ttm | Avnet, Inc. Quote
See the full list of top ranked stocks here.
Learn more about the Growth score and how it is calculated here.
Just Released: Zacks Top 10 Stocks for 2022
In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2022?
From inception in 2012 through 2021, the Zacks Top 10 Stocks portfolios gained an impressive +1,001.2% versus the S&P 500’s +348.7%. Now our Director of Research has combed through 4,000 companies covered by the Zacks Rank and has handpicked the best 10 tickers to buy and hold. Don’t miss your chance to get in…because the sooner you do, the more upside you stand to grab.
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
Avnet, Inc. (AVT): Free Stock Analysis Report
Avis Budget Group, Inc. (CAR): Free Stock Analysis Report
Dell Technologies Inc. (DELL): 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 three stocks with buy ranks and strong growth characteristics for investors to consider today, June 27th: Dell Technologies Inc. DELL: This information technology solutions, products and services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell has a PEG ratio of 0.59 compared with 0.73 for the industry. The company possesses a Growth Score of B. Dell Technologies Inc. PEG Ratio (TTM) Dell Technologies Inc. peg-ratio-ttm | Dell Technologies Inc. Quote Avis Budget Group, Inc.
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The company possesses a Growth Score of B. Dell Technologies Inc. PEG Ratio (TTM) Dell Technologies Inc. peg-ratio-ttm | Dell Technologies Inc. Quote Avis Budget Group, Inc. Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, June 27th: Dell Technologies Inc. DELL: This information technology solutions, products and services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell has a PEG ratio of 0.59 compared with 0.73 for the industry.
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Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, June 27th: Dell Technologies Inc. DELL: This information technology solutions, products and services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days. The company possesses a Growth Score of B. Dell Technologies Inc. PEG Ratio (TTM) Dell Technologies Inc. peg-ratio-ttm | Dell Technologies Inc. Quote Avis Budget Group, Inc. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell has a PEG ratio of 0.59 compared with 0.73 for the industry.
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Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, June 27th: Dell Technologies Inc. DELL: This information technology solutions, products and services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell has a PEG ratio of 0.59 compared with 0.73 for the industry. The company possesses a Growth Score of B. Dell Technologies Inc. PEG Ratio (TTM) Dell Technologies Inc. peg-ratio-ttm | Dell Technologies Inc. Quote Avis Budget Group, Inc.
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4d6fb4e2-fae3-4773-b6c1-51ed7187a30a
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725736.0
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2022-06-27 00:00:00 UTC
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Best Value Stocks to Buy for June 27th
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DELL
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https://www.nasdaq.com/articles/best-value-stocks-to-buy-for-june-27th
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nan
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nan
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Here are three stocks with buy rank and strong value characteristics for investors to consider today, June 27th:
Capital Product Partners L.P. CPLP: This marine transportation services company from Greece carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 13.8% over the last 60 days.
Capital Product Partners L.P. Price and Consensus
Capital Product Partners L.P. price-consensus-chart | Capital Product Partners L.P. Quote
Capital Product has a price-to-earnings ratio (P/E) of 3.29, compared with 10.20 for the industry. The company possesses a Value Score of A.
Capital Product Partners L.P. PE Ratio (TTM)
Capital Product Partners L.P. pe-ratio-ttm | Capital Product Partners L.P. Quote
The Chemours Company CC: This global provider of performance chemicals carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 15.7% over the last 60 days.
The Chemours Company Price and Consensus
The Chemours Company price-consensus-chart | The Chemours Company Quote
Chemours has a price-to-earnings ratio (P/E) of 6.05, compared with 38.10 for the industry. The company possesses a Value Score of A.
The Chemours Company PE Ratio (TTM)
The Chemours Company pe-ratio-ttm | The Chemours Company Quote
Dell Technologies Inc. DELL: This information technology solutions, products and services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days.
Dell Technologies Inc. Price and Consensus
Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote
Dell has a price-to-earnings ratio (P/E) of 7.13, compared with 13.00 for the industry. The company possesses a Value Score of A.
Dell Technologies Inc. PE Ratio (TTM)
Dell Technologies Inc. pe-ratio-ttm | Dell Technologies Inc. Quote
See the full list of top ranked stocks here.
Learn more about the Value score and how it is calculated here.
Just Released: Zacks Top 10 Stocks for 2022
In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2022?
From inception in 2012 through 2021, the Zacks Top 10 Stocks portfolios gained an impressive +1,001.2% versus the S&P 500’s +348.7%. Now our Director of Research has combed through 4,000 companies covered by the Zacks Rank and has handpicked the best 10 tickers to buy and hold. Don’t miss your chance to get in…because the sooner you do, the more upside you stand to grab.
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
Dell Technologies Inc. (DELL): Free Stock Analysis Report
The Chemours Company (CC): Free Stock Analysis Report
Capital Product Partners L.P. (CPLP): 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 Chemours Company PE Ratio (TTM) The Chemours Company pe-ratio-ttm | The Chemours Company Quote Dell Technologies Inc. DELL: This information technology solutions, products and services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell has a price-to-earnings ratio (P/E) of 7.13, compared with 13.00 for the industry. The company possesses a Value Score of A. Dell Technologies Inc. PE Ratio (TTM) Dell Technologies Inc. pe-ratio-ttm | Dell Technologies Inc. Quote See the full list of top ranked stocks here.
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The Chemours Company PE Ratio (TTM) The Chemours Company pe-ratio-ttm | The Chemours Company Quote Dell Technologies Inc. DELL: This information technology solutions, products and services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell has a price-to-earnings ratio (P/E) of 7.13, compared with 13.00 for the industry. The company possesses a Value Score of A. Dell Technologies Inc. PE Ratio (TTM) Dell Technologies Inc. pe-ratio-ttm | Dell Technologies Inc. Quote See the full list of top ranked stocks here.
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The Chemours Company PE Ratio (TTM) The Chemours Company pe-ratio-ttm | The Chemours Company Quote Dell Technologies Inc. DELL: This information technology solutions, products and services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days. The company possesses a Value Score of A. Dell Technologies Inc. PE Ratio (TTM) Dell Technologies Inc. pe-ratio-ttm | Dell Technologies Inc. Quote See the full list of top ranked stocks here. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell has a price-to-earnings ratio (P/E) of 7.13, compared with 13.00 for the industry.
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The Chemours Company PE Ratio (TTM) The Chemours Company pe-ratio-ttm | The Chemours Company Quote Dell Technologies Inc. DELL: This information technology solutions, products and services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell has a price-to-earnings ratio (P/E) of 7.13, compared with 13.00 for the industry. The company possesses a Value Score of A. Dell Technologies Inc. PE Ratio (TTM) Dell Technologies Inc. pe-ratio-ttm | Dell Technologies Inc. Quote See the full list of top ranked stocks here.
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111a0827-09e2-47b5-8e53-1124c29e6111
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725737.0
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2022-06-23 00:00:00 UTC
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Best Income Stocks to Buy for June 23rd
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DELL
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https://www.nasdaq.com/articles/best-income-stocks-to-buy-for-june-23rd
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nan
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nan
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Here are three stocks with buy rank and strong income characteristics for investors to consider today, June 23rd:
Heritage Commerce Corp HTBK: This bank holding company which offers a range of loans, primarily commercial, including real estate, construction, Small Business Administration, inventory and accounts receivable, and equipment loans, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 10.1% over the last 60 days.
Heritage Commerce Corp Price and Consensus
Heritage Commerce Corp price-consensus-chart | Heritage Commerce Corp Quote
This Zacks Rank #1 (Strong Buy) company has a dividend yield of 4.75%, compared with the industry average of 2.73%.
Heritage Commerce Corp Dividend Yield (TTM)
Heritage Commerce Corp dividend-yield-ttm | Heritage Commerce Corp Quote
Dell Technologies DELL: This information technology solutions company whose operations consist of Client Solutions, Enterprise Solutions Group, and Dell Software Group, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days.
Dell Technologies Inc. Price and Consensus
Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote
This Zacks Rank #1 company has a dividend yield of 2.72%, compared with the industry average of 0.00%.
Dell Technologies Inc. Dividend Yield (TTM)
Dell Technologies Inc. dividend-yield-ttm | Dell Technologies Inc. Quote
Ryder System R: This leading logistics and transportation company which provides supply chain, dedicated transportation, and fleet management solutions, includinfull-servicece leasing, rental, and maintenance, used vehicle sales, professional drivers, transportation services, freight brokerage, warehousing and distribution, e-commerce fulfillment, anlast-milele delivery services, has witnessed the Zacks Consensus Estimate for its current year earnings increasing nearly 22.9 over the last 60 days.
Ryder System, Inc. Price and Consensus
Ryder System, Inc. price-consensus-chart | Ryder System, Inc. Quote
This Zacks Rank #1 company has a dividend yield of 3.24%, compared with the industry average of 1.49%.
Ryder System, Inc. Dividend Yield (TTM)
Ryder System, Inc. dividend-yield-ttm | Ryder System, Inc. Quote
See the full list of top ranked stocks here.
Find more top income stocks with some of our great premium screens
Zacks' Top Picks to Cash in on Electric Vehicles
Big money has already been made in the Electric Vehicle (EV) industry. But, the EV revolution has not hit full throttle yet. There is a lot of money to be made as the next push for future technologies ramps up. Zacks’ Special Report reveals 5 picks investors
See 5 EV Stocks With Extreme Upside Potential >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
Ryder System, Inc. (R): Free Stock Analysis Report
Heritage Commerce Corp (HTBK): 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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Heritage Commerce Corp Dividend Yield (TTM) Heritage Commerce Corp dividend-yield-ttm | Heritage Commerce Corp Quote Dell Technologies DELL: This information technology solutions company whose operations consist of Client Solutions, Enterprise Solutions Group, and Dell Software Group, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days. Dell Technologies Inc. Dividend Yield (TTM) Dell Technologies Inc. dividend-yield-ttm | Dell Technologies Inc. Quote Ryder System R: This leading logistics and transportation company which provides supply chain, dedicated transportation, and fleet management solutions, includinfull-servicece leasing, rental, and maintenance, used vehicle sales, professional drivers, transportation services, freight brokerage, warehousing and distribution, e-commerce fulfillment, anlast-milele delivery services, has witnessed the Zacks Consensus Estimate for its current year earnings increasing nearly 22.9 over the last 60 days. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote This Zacks Rank #1 company has a dividend yield of 2.72%, compared with the industry average of 0.00%.
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Heritage Commerce Corp Dividend Yield (TTM) Heritage Commerce Corp dividend-yield-ttm | Heritage Commerce Corp Quote Dell Technologies DELL: This information technology solutions company whose operations consist of Client Solutions, Enterprise Solutions Group, and Dell Software Group, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days. Dell Technologies Inc. Dividend Yield (TTM) Dell Technologies Inc. dividend-yield-ttm | Dell Technologies Inc. Quote Ryder System R: This leading logistics and transportation company which provides supply chain, dedicated transportation, and fleet management solutions, includinfull-servicece leasing, rental, and maintenance, used vehicle sales, professional drivers, transportation services, freight brokerage, warehousing and distribution, e-commerce fulfillment, anlast-milele delivery services, has witnessed the Zacks Consensus Estimate for its current year earnings increasing nearly 22.9 over the last 60 days. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote This Zacks Rank #1 company has a dividend yield of 2.72%, compared with the industry average of 0.00%.
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Heritage Commerce Corp Dividend Yield (TTM) Heritage Commerce Corp dividend-yield-ttm | Heritage Commerce Corp Quote Dell Technologies DELL: This information technology solutions company whose operations consist of Client Solutions, Enterprise Solutions Group, and Dell Software Group, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days. Dell Technologies Inc. Dividend Yield (TTM) Dell Technologies Inc. dividend-yield-ttm | Dell Technologies Inc. Quote Ryder System R: This leading logistics and transportation company which provides supply chain, dedicated transportation, and fleet management solutions, includinfull-servicece leasing, rental, and maintenance, used vehicle sales, professional drivers, transportation services, freight brokerage, warehousing and distribution, e-commerce fulfillment, anlast-milele delivery services, has witnessed the Zacks Consensus Estimate for its current year earnings increasing nearly 22.9 over the last 60 days. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote This Zacks Rank #1 company has a dividend yield of 2.72%, compared with the industry average of 0.00%.
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Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote This Zacks Rank #1 company has a dividend yield of 2.72%, compared with the industry average of 0.00%. Heritage Commerce Corp Dividend Yield (TTM) Heritage Commerce Corp dividend-yield-ttm | Heritage Commerce Corp Quote Dell Technologies DELL: This information technology solutions company whose operations consist of Client Solutions, Enterprise Solutions Group, and Dell Software Group, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days. Dell Technologies Inc. Dividend Yield (TTM) Dell Technologies Inc. dividend-yield-ttm | Dell Technologies Inc. Quote Ryder System R: This leading logistics and transportation company which provides supply chain, dedicated transportation, and fleet management solutions, includinfull-servicece leasing, rental, and maintenance, used vehicle sales, professional drivers, transportation services, freight brokerage, warehousing and distribution, e-commerce fulfillment, anlast-milele delivery services, has witnessed the Zacks Consensus Estimate for its current year earnings increasing nearly 22.9 over the last 60 days.
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56101733-1288-423c-970c-67cd27ae3d9e
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725738.0
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2022-06-23 00:00:00 UTC
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Best Value Stocks to Buy for June 23rd
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DELL
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https://www.nasdaq.com/articles/best-value-stocks-to-buy-for-june-23rd
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nan
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nan
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Here are three stocks with buy rank and strong value characteristics for investors to consider today, June 23rd:
Ryder System R: This leading logistics and transportation company that provides supply chain, dedicated transportation, and fleet management solutions, including full service leasing, rental, and maintenance, used vehicle sales, professional drivers, transportation services, freight brokerage, warehousing and distribution, e-commerce fulfilment, last-mile mile delivery services, carries a Zacks Rank #1(strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 22.9% over the last 60 days.
Ryder System, Inc. Price and Consensus
Ryder System, Inc. price-consensus-chart | Ryder System, Inc. Quote
Ryder System has a price-to-earnings ratio (P/E) of 4.98, compared with 11.20 for the industry. The company possesses a Value Score of A.
Ryder System, Inc. PE Ratio (TTM)
Ryder System, Inc. pe-ratio-ttm | Ryder System, Inc. Quote
Caleres CAL: This company which is involved in the operation of retail shoe stores and e-commerce websites as well as the design, sourcing and marketing of footwear for women and men, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 11.3% over the last 60 days.
Caleres, Inc. Price and Consensus
Caleres, Inc. price-consensus-chart | Caleres, Inc. Quote
Caleres has a price-to-earnings ratio (P/E) of 6.22, compared with 13.50 for the industry. The company possesses a Value Score of A.
Caleres, Inc. PE Ratio (TTM)
Caleres, Inc. pe-ratio-ttm | Caleres, Inc. Quote
Dell Technologies DELL: This information technology solutions company that operates in the segment which consists of Client Solutions, Enterprise Solutions Group and Dell Software Group, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days.
Dell Technologies Inc. Price and Consensus
Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote
Dell Technologies has a price-to-earnings ratio (P/E) of 6.9, compared with 11.80 for the industry. The company possesses a Value Score of A.
Dell Technologies Inc. PE Ratio (TTM)
Dell Technologies Inc. pe-ratio-ttm | Dell Technologies Inc. Quote
See the full list of top ranked stocks here.
Learn more about the Value score and how it is calculated here.
Zacks' Top Picks to Cash in on Electric Vehicles
Big money has already been made in the Electric Vehicle (EV) industry. But, the EV revolution has not hit full throttle yet. There is a lot of money to be made as the next push for future technologies ramps up. Zacks’ Special Report reveals 5 picks investors
See 5 EV Stocks With Extreme Upside Potential >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
Ryder System, Inc. (R): Free Stock Analysis Report
Caleres, Inc. (CAL): 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 company possesses a Value Score of A. Caleres, Inc. PE Ratio (TTM) Caleres, Inc. pe-ratio-ttm | Caleres, Inc. Quote Dell Technologies DELL: This information technology solutions company that operates in the segment which consists of Client Solutions, Enterprise Solutions Group and Dell Software Group, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell Technologies has a price-to-earnings ratio (P/E) of 6.9, compared with 11.80 for the industry. The company possesses a Value Score of A. Dell Technologies Inc. PE Ratio (TTM) Dell Technologies Inc. pe-ratio-ttm | Dell Technologies Inc. Quote See the full list of top ranked stocks here.
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The company possesses a Value Score of A. Caleres, Inc. PE Ratio (TTM) Caleres, Inc. pe-ratio-ttm | Caleres, Inc. Quote Dell Technologies DELL: This information technology solutions company that operates in the segment which consists of Client Solutions, Enterprise Solutions Group and Dell Software Group, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days. The company possesses a Value Score of A. Dell Technologies Inc. PE Ratio (TTM) Dell Technologies Inc. pe-ratio-ttm | Dell Technologies Inc. Quote See the full list of top ranked stocks here. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell Technologies has a price-to-earnings ratio (P/E) of 6.9, compared with 11.80 for the industry.
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The company possesses a Value Score of A. Caleres, Inc. PE Ratio (TTM) Caleres, Inc. pe-ratio-ttm | Caleres, Inc. Quote Dell Technologies DELL: This information technology solutions company that operates in the segment which consists of Client Solutions, Enterprise Solutions Group and Dell Software Group, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell Technologies has a price-to-earnings ratio (P/E) of 6.9, compared with 11.80 for the industry. The company possesses a Value Score of A. Dell Technologies Inc. PE Ratio (TTM) Dell Technologies Inc. pe-ratio-ttm | Dell Technologies Inc. Quote See the full list of top ranked stocks here.
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The company possesses a Value Score of A. Caleres, Inc. PE Ratio (TTM) Caleres, Inc. pe-ratio-ttm | Caleres, Inc. Quote Dell Technologies DELL: This information technology solutions company that operates in the segment which consists of Client Solutions, Enterprise Solutions Group and Dell Software Group, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell Technologies has a price-to-earnings ratio (P/E) of 6.9, compared with 11.80 for the industry. The company possesses a Value Score of A. Dell Technologies Inc. PE Ratio (TTM) Dell Technologies Inc. pe-ratio-ttm | Dell Technologies Inc. Quote See the full list of top ranked stocks here.
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e7d4b78c-80b7-4592-b59c-67a990de249f
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725739.0
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2022-06-21 00:00:00 UTC
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Best Growth Stocks to Buy for June 21st
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DELL
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https://www.nasdaq.com/articles/best-growth-stocks-to-buy-for-june-21st
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nan
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nan
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Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, June 21st:
Avis Budget Group CAR: This company which is a leading vehicle rental operator in North America, Europe and Australasia with an average rental fleet of nearly 650,000 vehicles, carries a Zacks Rank #1(Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 75.3% over the last 60 days.
Avis Budget Group, Inc. Price and Consensus
Avis Budget Group, Inc. price-consensus-chart | Avis Budget Group, Inc. Quote
Avis Budget Grouphas a PEG ratio of 0.21 compared with 1.23 for the industry. The company possesses a Growth Score of A.
Avis Budget Group, Inc. PEG Ratio (TTM)
Avis Budget Group, Inc. peg-ratio-ttm | Avis Budget Group, Inc. Quote
Dell Technologies DELL: This company which provides information technology solutions and its operating segment consist of Client Solutions, Enterprise Solutions Group and Dell Software Group, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days.
Dell Technologies Inc. Price and Consensus
Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote
Dell Technologieshas a PEG ratio of 0.56 compared with 0.63 for the industry. The company possesses a Growth Score of B.
Dell Technologies Inc. PEG Ratio (TTM)
Dell Technologies Inc. peg-ratio-ttm | Dell Technologies Inc. Quote
Southwest Airlines LUV: This passenger airline company that provides scheduled air transportation in the United States and international markets, carries a Zacks Rank #1(strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 119.2% over the last 60 days.
Southwest Airlines Co. Price and Consensus
Southwest Airlines Co. price-consensus-chart | Southwest Airlines Co. Quote
Southwest Airlineshas a PEG ratio of 2.25 compared with 5.92 for the industry. The company possesses a Growth Score of B.
Southwest Airlines Co. PEG Ratio (TTM)
Southwest Airlines Co. peg-ratio-ttm | Southwest Airlines Co. Quote
See the full list of top ranked stocks here.
Learn more about the Growth score and how it is calculated here.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s 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
Southwest Airlines Co. (LUV): Free Stock Analysis Report
Avis Budget Group, Inc. (CAR): Free Stock Analysis Report
Dell Technologies Inc. (DELL): 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 company possesses a Growth Score of B. Dell Technologies Inc. PEG Ratio (TTM) Dell Technologies Inc. peg-ratio-ttm | Dell Technologies Inc. Quote Southwest Airlines LUV: This passenger airline company that provides scheduled air transportation in the United States and international markets, carries a Zacks Rank #1(strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 119.2% over the last 60 days. The company possesses a Growth Score of A. Avis Budget Group, Inc. PEG Ratio (TTM) Avis Budget Group, Inc. peg-ratio-ttm | Avis Budget Group, Inc. Quote Dell Technologies DELL: This company which provides information technology solutions and its operating segment consist of Client Solutions, Enterprise Solutions Group and Dell Software Group, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell Technologieshas a PEG ratio of 0.56 compared with 0.63 for the industry.
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The company possesses a Growth Score of A. Avis Budget Group, Inc. PEG Ratio (TTM) Avis Budget Group, Inc. peg-ratio-ttm | Avis Budget Group, Inc. Quote Dell Technologies DELL: This company which provides information technology solutions and its operating segment consist of Client Solutions, Enterprise Solutions Group and Dell Software Group, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days. The company possesses a Growth Score of B. Dell Technologies Inc. PEG Ratio (TTM) Dell Technologies Inc. peg-ratio-ttm | Dell Technologies Inc. Quote Southwest Airlines LUV: This passenger airline company that provides scheduled air transportation in the United States and international markets, carries a Zacks Rank #1(strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 119.2% over the last 60 days. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell Technologieshas a PEG ratio of 0.56 compared with 0.63 for the industry.
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The company possesses a Growth Score of A. Avis Budget Group, Inc. PEG Ratio (TTM) Avis Budget Group, Inc. peg-ratio-ttm | Avis Budget Group, Inc. Quote Dell Technologies DELL: This company which provides information technology solutions and its operating segment consist of Client Solutions, Enterprise Solutions Group and Dell Software Group, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days. The company possesses a Growth Score of B. Dell Technologies Inc. PEG Ratio (TTM) Dell Technologies Inc. peg-ratio-ttm | Dell Technologies Inc. Quote Southwest Airlines LUV: This passenger airline company that provides scheduled air transportation in the United States and international markets, carries a Zacks Rank #1(strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 119.2% over the last 60 days. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell Technologieshas a PEG ratio of 0.56 compared with 0.63 for the industry.
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The company possesses a Growth Score of A. Avis Budget Group, Inc. PEG Ratio (TTM) Avis Budget Group, Inc. peg-ratio-ttm | Avis Budget Group, Inc. Quote Dell Technologies DELL: This company which provides information technology solutions and its operating segment consist of Client Solutions, Enterprise Solutions Group and Dell Software Group, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell Technologieshas a PEG ratio of 0.56 compared with 0.63 for the industry. The company possesses a Growth Score of B. Dell Technologies Inc. PEG Ratio (TTM) Dell Technologies Inc. peg-ratio-ttm | Dell Technologies Inc. Quote Southwest Airlines LUV: This passenger airline company that provides scheduled air transportation in the United States and international markets, carries a Zacks Rank #1(strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 119.2% over the last 60 days.
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f38f1d2f-e9e4-42d0-81c6-626bc44bd00c
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725740.0
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2022-06-21 00:00:00 UTC
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The Zacks Analyst Blog Highlights Baidu, Dollar Tree and Dell Technologies
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DELL
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights-baidu-dollar-tree-and-dell-technologies
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nan
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nan
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For Immediate Release
Chicago, IL – June 21, 2022 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Baidu BIDU, Dollar Tree DLTR and Dell Technologies DELL.
Here are highlights from Monday’s Analyst Blog:
Central Banks Will Still Drive Stocks: Global Week Ahead
The Global Week Ahead gets dominated by central banks, for a 2nd week in a row.
Forget S&P 500 earnings estimates for the time being. Financial market trading has been fully tied to fresh key macro data and macro-driven policy events these days.
On Monday, the People's Bank of China (PBoC) offers up an interest rate decision.
On Wednesday, Fed Chair Powell speaks to the Senate Banking Committee.
Next in importance, any details on the European Central Bank's (ECB) plan to prevent rate hikes from hurting weaker Euro Area economies. That will be of interest to traders.
In emerging markets, there's no let-up in rate-hike fever:
· - Expect central banks in Indonesia and Mexico to raise rates.
· - Egypt and the Czech Republic central banks are up to bat, too.
· - One major outlier here dismisses a need for tightening: Turkey. That central bank updates Thursday.
Of all the major developed countries' central banks which until recently dismissed consumer price inflation as transitory, one still stands out: the Bank of Japan.
But Reuters writes that it is increasingly being challenged by hedge funds, which are betting it can't hold the line on super-loose policy forever.
Next are Reuters' five world market themes, reordered for equity traders:
(1) Wednesday, Fed Chair Powell testifies before the Senate Banking Committee
Fresh off the Federal Reserve's biggest rate hike in nearly three decades, Fed Chair Jerome Powell will be in the spotlight on Wednesday when he testifies before the Senate Banking Committee.
Blistering inflation forced the Fed to raise interest rates by 75 basis points on June 15 and flag a faster rate-rise path. But it also projected a slowing economy and rising unemployment, highlighting a tricky balancing act ahead.
The testimony will allow Powell to hammer home his determination to quell inflation.
But with the S&P 500 down -20% from January record highs and other asset prices also falling, he may be quizzed for details on how the Fed can tame inflation without causing too many ructions in the economy and markets.
(2) Last week, the European Central Bank promised added support. Of what type?
The ECB is promising additional support for the euro bloc's indebted southern rim, looking to calm the angst caused by its policy tightening plans.
So far, all we know is that the new scheme may attach some loose conditions. Investors, keen to find out what shape and form the tool might take, will be on the prowl for clues.
Bond markets reacted with relief to the ECB's plan. But investors are an impatient bunch and could soon test its resolve to contain bond market strains.
Having had to reverse course just six days after failing to reassure markets it would keep borrowing costs in check, ECB officials know the clock is ticking.
(3) Thursday, Turkey's central bank meets. A big southern Europe crisis brewing?
Policymakers at Turkey's central bank will meet on Thursday to debate where interest rates will go. The answer, though, is already known: nowhere. That means pressure on the lira will increase further.
Despite shrinking FX reserves and inflation above 70%, interest rates are stuck at 14%, due to President Tayyip Erdogan's push for lower rates.
Instead, a number of measures — widely seen as failing to address the core problem of soaring inflation — have been introduced to shield locals from the fallout of a currency that has lost some 90% of its value in the past decade.
But in other emerging markets, central banks are not dithering:
· - On Wednesday, Czech rates could rise 100 bps
· - Indonesia may kick off its tightening cycle on Thursday
· - Later that day, Mexico could raise rates by 75 bps while
· - Egypt may continue hiking after last month's 200 bps move
(4) Thursday, a number of advance June purchasing manager indices (PMIs) land
Advance readings of June purchasing managers' indexes (PMIs), due on Thursday, will make for interesting content, showing how businesses coped with this month's surge in the cost of capital and a souring in consumer sentiment.
So far this year, European and U.S. PMIs have held above the 50 mark, while Chinese zero-COVID policies dragged Asia into contraction.
Now, though, European and U.S. PMIs are going the other way, as higher borrowing costs bite. Economists polled by Reuters expect June PMIs to show further modest weakening.
PMI watchers might choose to train their sights on Asia, where readings nudged higher in May and may do so again this month, as swathes of China emerged from lockdowns and authorities stepped up investment.
And Chinese PMIs' return to expansionary territory would be a bonus for the global economy.
(5) Japan's macro data will inform the BoJ, FX and equity markets
The Bank of Japan has defied the direction of monetary policy globally, sticking with ultra-easy settings and a vow to buy 10-year bonds every day to anchor borrowing costs.
The result is a sliding yen, a yield curve that's being bent out of shape and a bond market almost buckling in the tussle between hedge funds and policymakers.
Meanwhile, Japanese living costs are rising and as July mid-term elections approach, the BOJ may face political pressure to tone down its efforts to raise inflation.
That could intensify if inflation data due on Friday shows above-target price growth for a second month in a row.
Top Zacks #1 Rank Stocks
Oil & Gas companies continue to dominate our #1 list. But I am bored with that.
Here is what else I found.
(1) Baidu: Yes. The big mainland China internet search name.
I see a $137 share price and a $47.5B market cap. The Zacks Value score is C, the Zacks Growth score is D and the Zacks Momentum score is C.
(2) Dollar Tree: Hmmm. A deep discount U.S. retail store made our #1 list.
I see a $151 share price and a market cap of $33.9B. The Zacks Value score is D, the Zacks Growth score is B and the Zacks Momentum score is D.
(3) Dell Technologies: The PC supplier made the #1 list too, though their narrative is now that they are an Info Tech solutions provider. The company's operating segment consists of Client Solutions, the Enterprise Solutions Group and the Dell Software Group.
I see a $46 share price and a $33.9M market cap. The Zacks Value score is A, the Zacks Growth score is B and the Zacks Momentum score is D.
I found this interesting: Tech sector stocks in the USA offer investors great value. Now.
The Nasdaq did lead us down.
Nasdaq's forward P/E got slashed -41% from its recent peak. That is similar to the tech stock drawdown seen during the Sept. 2008 meltdown.
Back then, the tech stock down draft did not end there. Nasdaq share values went down another -10%.
Is this time different?
Why Haven't You Looked at Zacks' Top Stocks?
Our 5 best-performing strategies have blown away the S&P's impressive +28.8% gain in 2021. Amazingly, they soared +40.3%, +48.2%, +67.6%, +94.4%, and +95.3%. Today you can access their live picks without cost or obligation.
See Stocks Free >>
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
https://www.zacks.com
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s 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
Dollar Tree, Inc. (DLTR): Free Stock Analysis Report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
Baidu, Inc. (BIDU): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks recently featured in the blog include: Baidu BIDU, Dollar Tree DLTR and Dell Technologies DELL. The Zacks Value score is D, the Zacks Growth score is B and the Zacks Momentum score is D. (3) Dell Technologies: The PC supplier made the #1 list too, though their narrative is now that they are an Info Tech solutions provider. The company's operating segment consists of Client Solutions, the Enterprise Solutions Group and the Dell Software Group.
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Stocks recently featured in the blog include: Baidu BIDU, Dollar Tree DLTR and Dell Technologies DELL. The Zacks Value score is D, the Zacks Growth score is B and the Zacks Momentum score is D. (3) Dell Technologies: The PC supplier made the #1 list too, though their narrative is now that they are an Info Tech solutions provider. The company's operating segment consists of Client Solutions, the Enterprise Solutions Group and the Dell Software Group.
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Stocks recently featured in the blog include: Baidu BIDU, Dollar Tree DLTR and Dell Technologies DELL. The Zacks Value score is D, the Zacks Growth score is B and the Zacks Momentum score is D. (3) Dell Technologies: The PC supplier made the #1 list too, though their narrative is now that they are an Info Tech solutions provider. The company's operating segment consists of Client Solutions, the Enterprise Solutions Group and the Dell Software Group.
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Stocks recently featured in the blog include: Baidu BIDU, Dollar Tree DLTR and Dell Technologies DELL. The Zacks Value score is D, the Zacks Growth score is B and the Zacks Momentum score is D. (3) Dell Technologies: The PC supplier made the #1 list too, though their narrative is now that they are an Info Tech solutions provider. The company's operating segment consists of Client Solutions, the Enterprise Solutions Group and the Dell Software Group.
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26bf5e78-f98b-4430-ac58-da9171e9ca17
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725741.0
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2022-06-21 00:00:00 UTC
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Zacks Industry Outlook Highlights Dell Technologies and Amdocs
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DELL
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https://www.nasdaq.com/articles/zacks-industry-outlook-highlights-dell-technologies-and-amdocs
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nan
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nan
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For Immediate Release
Chicago, IL – June 21, 2022 – Today, Zacks Equity Research discusses Dell Technologies DELL and Amdocs DOX.
Industry: IT Services
Link: https://www.zacks.com/commentary/1941093/2-it-services-stocks-to-buy-from-a-challenging-industry
The Zacks Computers – IT Services industry is suffering from the pandemic-triggered macroeconomic downturn that has induced sluggishness in IT spending, impacting the adoption of consultation and transaction processing solutions. Declining PC sales is a headwind. However, industry participants are benefiting from the ongoing digitization process globally.
Initiatives to diversify IT services have been a boon for Dell Technologies and Amdocs. Robust spending on cloud, Internet of Things (IoT), cyber security, data and analytics, artificial intelligence (AI) and automation is driving growth industry-wide. Solid demand for advanced IT-service infrastructure solutions for remote working and digital healthcare has been driving demand for services provided by these industry participants.
Industry Description
The Zacks Computers – IT Services industry comprises companies that provide consultancy, communications, IT management & operations, cloud-based web development platform, customer relationship management, professional information solutions and outsourcing services. The industry participants cater to a wide array of endmarkets, including manufacturing, banking, insurance, healthcare, government agencies and public sector institutions.
Industry participants are focusing on cyber-security business, cloud computing market, Big Data business and automation to bolster prospects. Digital transformation is helping companies to gain market share.
What's Shaping the Future of the Computers - IT Services Industry?
Sluggish IT Spending to Mar Prospects: Coronavirus crisis-induced sluggish spending across small and medium businesses (SMBs) due to restricted economic activity globally has impacted the adoption of IT-services, primarily consulting services applications, infrastructure management, and transaction processing platforms. The industry players are anticipated to bear the brunt of the slowdown in IT spending.
Gartner projects IT spending to increase 4% in 2022, down from 9.5% growth in 2021. The shift in consumer buying patterns amid coronavirus-induced supply chain constraints is likely to dampen the industry's prospects. Also, the shift from enterprise to consumer-focused demand, due to the continued work-from-home trend, does not bode well for industry players.
Digitization Wave is a Tailwind: Most of the industry participants are in the process of modernizing their traditional legacy-oriented business processes in order to keep pace with evolving IT services. The aim is to integrate synergies of emerging technologies including cloud, IoT, AI and analytics. Moreover, increasing Internet penetration in the emerging markets, particularly across Asia-Pacific, is a tailwind.
New Normal Trends Boost Prospects: The industry's growth is expected to accelerate in the days ahead on an increasing number of remote workers in the wake of the coronavirus crisis-induced work-from-home wave. In this era of digital transformation, enterprises are actively seeking a common ground between on-premises and cloud infrastructures that will enable them to provide flexible and easily adoptable hybrid solutions.
Notably, coronavirus-triggered demand for remote working, digital healthcare and online learning solutions has accelerated the adoption of digital transformation offerings among enterprises, which bodes well for the industry.
Zacks Industry Rank Indicates Dim Prospects
The Zacks Computers - IT Services is housed within the broader Zacks Computer And Technology Sector. It carries a Zacks Industry Rank #156, which places it in the top 38% of more than 250 Zacks industries.
The group's Zacks Industry Rank, which is the average of the Zacks Rank of all the member stocks, indicates bearish near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than two to one.
The industry's position in the bottom 50% of the Zacks-ranked industries is a result of negative earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are pessimistic about this group's earnings growth potential. Since Jun 30, 2021, the industry's earnings estimate for the current year hasdecreased30.3%.
Despite the challenging industry conditions, there are a few stocks that are worth buying. Before we present those stocks that you may want to consider for your portfolio, let's take a look at the industry's recent stock-market performance and valuation picture.
Industry Underperforms S&P 500 & Sector
The Zacks Computers - IT Services Industry has underperformed the Zacks S&P 500 composite sector and the broader Zacks Computer and Technology sector in the past year.
The industry has dropped 38.4% over this period compared with the S&P 500's return of 13.7% and the broader sector's decline of 28.1%.
Industry's Current Valuation
On the basis of the trailing 12-month EV/EBITDA ratio, which is a commonly used multiple for valuing IT Services companies, the industry is currently trading at 24.78X, higher than the S&P 500's 11.74X and the sector's 10.33X.
Over the past five years, the industry has traded as high as 48.99X and as low as 24.23X, with the median being at 39.52X.
2 Promising IT Services Stocks
Amdocs: St. Peter Port, Guernsey-based Amdocs is benefiting from a recurring revenue business model. Moreover, customer additions and solid demand for managed services were primary growth drivers.
Amdocs' growth momentum is expected to continue due to the company's initiatives to aid digital, media, network and cloud transformations of its clients. Markedly, the acquisition of Openet has rapidly expanded Amdocs' footprint in 5G (fifth-generation) cellular networks. The company's solutions have been selected by the likes of AT&T and T-Mobile to bolster their 5G footprints.
Amdocs currently has a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Amdocs' fiscal 2022 earnings has risen 0.8% to $5.25 per share over the past 30 days. The stock has appreciated 4.6% year to date.
Dell Technologies: This Round Rock, TX-based company is benefiting from strong demand for its servers and networking solutions.
Although PC shipments have been declining, Dell is benefiting from strong demand for its notebooks. Dell currently has a Zacks Rank #2.
The Zacks Consensus Estimate for Dell's fiscal 2023 earnings has been revised upward by 6.5% over the past 30 days to $7.04 per share. The stock has declined 15.3% year to date.
Why Haven't You Looked at Zacks' Top Stocks?
Our 5 best-performing strategies have blown away the S&P's impressive +28.8% gain in 2021. Amazingly, they soared +40.3%, +48.2%, +67.6%, +94.4%, and +95.3%. Today you can access their live picks without cost or obligation.
See Stocks Free >>
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
https://www.zacks.com
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s 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
Dell Technologies Inc. (DELL): Free Stock Analysis Report
Amdocs Limited (DOX): 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 – June 21, 2022 – Today, Zacks Equity Research discusses Dell Technologies DELL and Amdocs DOX. Initiatives to diversify IT services have been a boon for Dell Technologies and Amdocs. Dell Technologies: This Round Rock, TX-based company is benefiting from strong demand for its servers and networking solutions.
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For Immediate Release Chicago, IL – June 21, 2022 – Today, Zacks Equity Research discusses Dell Technologies DELL and Amdocs DOX. Initiatives to diversify IT services have been a boon for Dell Technologies and Amdocs. Dell Technologies: This Round Rock, TX-based company is benefiting from strong demand for its servers and networking solutions.
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For Immediate Release Chicago, IL – June 21, 2022 – Today, Zacks Equity Research discusses Dell Technologies DELL and Amdocs DOX. Initiatives to diversify IT services have been a boon for Dell Technologies and Amdocs. Dell Technologies: This Round Rock, TX-based company is benefiting from strong demand for its servers and networking solutions.
|
For Immediate Release Chicago, IL – June 21, 2022 – Today, Zacks Equity Research discusses Dell Technologies DELL and Amdocs DOX. Initiatives to diversify IT services have been a boon for Dell Technologies and Amdocs. Dell Technologies: This Round Rock, TX-based company is benefiting from strong demand for its servers and networking solutions.
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4056a27e-0265-46ad-8e6c-5eab808e701f
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725742.0
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2022-06-20 00:00:00 UTC
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Wall Street Analysts See a 38% Upside in Dell Technologies (DELL): Can the Stock Really Move This High?
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DELL
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https://www.nasdaq.com/articles/wall-street-analysts-see-a-38-upside-in-dell-technologies-dell%3A-can-the-stock-really-move
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nan
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nan
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Dell Technologies (DELL) closed the last trading session at $47.59, gaining 18.8% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $65.85 indicates a 38.4% upside potential.
The average comprises 13 short-term price targets ranging from a low of $53 to a high of $121, with a standard deviation of $17.31. While the lowest estimate indicates an increase of 11.4% from the current price level, the most optimistic estimate points to a 154.3% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.
While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's because the ability and unbiasedness of analysts in setting price targets have long been questionable.
However, an impressive consensus price target is not the only factor that indicates a potential upside in DELL. This view is strengthened by the agreement among analysts that the company will report better earnings than what they estimated earlier. Though a positive trend in earnings estimate revisions doesn't give any idea as to how much the stock could surge, it has proven effective in predicting an upside.
Price, Consensus and EPS Surprise
Here's What You Should Know About Analysts' Price Targets
According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.
While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?
They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.
However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.
Here's Why There Could be Plenty of Upside Left in DELL
There has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. And that could be a legitimate reason to expect an upside in the stock. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
The Zacks Consensus Estimate for the current year has increased 8.6% over the past month, as six estimates have gone higher compared to no negative revision.
Moreover, DELL currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, while the consensus price target may not be a reliable indicator of how much DELL could gain, the direction of price movement it implies does appear to be a good guide.
Just Released: Zacks Top 10 Stocks for 2022
In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2022?
From inception in 2012 through 2021, the Zacks Top 10 Stocks portfolios gained an impressive +1,001.2% versus the S&P 500’s +348.7%. Now our Director of Research has combed through 4,000 companies covered by the Zacks Rank and has handpicked the best 10 tickers to buy and hold. Don’t miss your chance to get in…because the sooner you do, the more upside you stand to grab.
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
Dell Technologies Inc. (DELL): Free Stock Analysis Report
To read this article on Zacks.com 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.
|
Here's Why There Could be Plenty of Upside Left in DELL There has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. Dell Technologies (DELL) closed the last trading session at $47.59, gaining 18.8% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. However, an impressive consensus price target is not the only factor that indicates a potential upside in DELL.
|
Dell Technologies (DELL) closed the last trading session at $47.59, gaining 18.8% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. Here's Why There Could be Plenty of Upside Left in DELL There has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. However, an impressive consensus price target is not the only factor that indicates a potential upside in DELL.
|
You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, while the consensus price target may not be a reliable indicator of how much DELL could gain, the direction of price movement it implies does appear to be a good guide. Dell Technologies (DELL) closed the last trading session at $47.59, gaining 18.8% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. However, an impressive consensus price target is not the only factor that indicates a potential upside in DELL.
|
Here's Why There Could be Plenty of Upside Left in DELL There has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, while the consensus price target may not be a reliable indicator of how much DELL could gain, the direction of price movement it implies does appear to be a good guide. Dell Technologies (DELL) closed the last trading session at $47.59, gaining 18.8% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide.
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d0820d83-72d7-4930-af68-80be48040b54
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725743.0
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2022-06-20 00:00:00 UTC
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2 IT Services Stocks to Buy From a Challenging Industry
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DELL
|
https://www.nasdaq.com/articles/2-it-services-stocks-to-buy-from-a-challenging-industry
|
nan
|
nan
|
The Zacks Computers – IT Services industry is suffering from the pandemic-triggered macroeconomic downturn that has induced sluggishness in IT spending, impacting the adoption of consultation and transaction processing solutions. Declining PC sales is a headwind. However, industry participants are benefiting from the ongoing digitization process globally. Initiatives to diversify IT services have been a boon for Dell Technologies DELL and Amdocs DOX. Robust spending on cloud, Internet of Things (IoT), cyber security, data and analytics, artificial intelligence (AI) and automation is driving growth industry-wide. Solid demand for advanced IT-service infrastructure solutions for remote working and digital healthcare has been driving demand for services provided by these industry participants.
Industry Description
The Zacks Computers – IT Services industry comprises companies that provide consultancy, communications, IT management & operations, cloud-based web development platform, customer relationship management, professional information solutions and outsourcing services.The industry participants cater to a wide array of endmarkets, including manufacturing, banking, insurance, healthcare, government agencies and public sector institutions.Industry participants are focusing on cyber-security business, cloud computing market, Big Data business and automation to bolster prospects. Digital transformation is helping companies to gain market share.
What's Shaping the Future of the Computers - IT Services Industry?
Sluggish IT Spending to Mar Prospects: Coronavirus crisis-induced sluggish spending across small and medium businesses (SMBs) due to restricted economic activity globally has impacted the adoption of IT-services, primarily consulting services applications, infrastructure management, and transaction processing platforms. The industry players are anticipated to bear the brunt of the slowdown in IT spending. Gartner projects IT spending to increase 4% in 2022, down from 9.5% growth in 2021. The shift in consumer buying patterns amid coronavirus-induced supply chain constraints is likely to dampen the industry’s prospects. Also, the shift from enterprise to consumer-focused demand, due to the continued work-from-home trend, does not bode well for industry players.
Digitization Wave is a Tailwind: Most of the industry participants are in the process of modernizing their traditional legacy-oriented business processes in order to keep pace with evolving IT services. The aim is to integrate synergies of emerging technologies including cloud, IoT, AI and analytics. Moreover, increasing Internet penetration in the emerging markets, particularly across Asia-Pacific, is a tailwind.
New Normal Trends Boost Prospects: The industry’s growth is expected to accelerate in the days ahead on increasing number of remote workers in the wake of the coronavirus crisis-induced work-from-home wave. In this era of digital transformation, enterprises are actively seeking a common ground between on-premises and cloud infrastructures that will enable them to provide flexible and easily adoptable hybrid solutions. Notably, coronavirus-triggered demand for remote working, digital healthcare and online learning solutions has accelerated the adoption of digital transformation offerings among enterprises, which bodes well for the industry.
Zacks Industry Rank Indicates Dim Prospects
The Zacks Computers - IT Services is housed within the broader Zacks Computer And Technology Sector. It carries a Zacks Industry Rank #156, which places it in the top 38% of more than 250 Zacks industries.
The group’s Zacks Industry Rank, which is the average of the Zacks Rank of all the member stocks, indicates bearish near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than two to one.
The industry’s position in the bottom 50% of the Zacks-ranked industries is a result of negative earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are pessimistic about this group’s earnings growth potential. Since Jun 30, 2021, the industry’s earnings estimate for the current year hasdecreased30.3%.
Despite the challenging industry conditions, there are a few stocks that are worth buying. Before we present those stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock-market performance and valuation picture.
Industry Underperforms S&P 500 & Sector
The Zacks Computers - IT Services Industry has underperformed the Zacks S&P 500 composite sector and the broader Zacks Computer and Technology sector in the past year.
The industry has dropped 38.4% over this period compared with the S&P 500’s return of 13.7% and the broader sector’s decline of 28.1%.
One-Year Price Performance
Industry's Current Valuation
On the basis of the trailing 12-month EV/EBITDA ratio, which is a commonly used multiple for valuing IT Services companies, the industry is currently trading at 24.78X, higher than the S&P 500’s 11.74X and the sector’s 10.33X.
Over the past five years, the industry has traded as high as 48.99X and as low as 24.23X, with the median being at 39.52X, as the chart below shows.
EV/EBITDA Ratio (TTM)
2 Promising IT Services Stocks
Amdocs: St. Peter Port, Guernsey-based Amdocs is benefiting from a recurring revenue business model. Moreover, customer additions and solid demand for managed services were primary growth drivers.
Amdocs’ growth momentum is expected to continue due to the company’s initiatives to aid digital, media, network and cloud transformations of its clients. Markedly, the acquisition of Openet has rapidly expanded Amdocs’ footprint in 5G (fifth-generation) cellular networks. The company’s solutions have been selected by the likes of AT&T and T-Mobile to bolster their 5G footprints.
Amdocs currently has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Amdocs’ fiscal 2022 earnings has risen 0.8% to $5.25 per share over the past 30 days. The stock has appreciated 4.6% year to date.
Price and Consensus: DOX
Dell Technologies: This Round Rock, TX-based company is benefiting from strong demand for its servers and networking solutions.
Although PC shipments have been declining, Dell is benefiting from strong demand for its notebooks. Dell currently has a Zacks Rank #2.
The Zacks Consensus Estimate for Dell’s fiscal 2023 earnings has been revised upward by 6.5% over the past 30 days to $7.04 per share. The stock has declined 15.3% year to date.
Price and Consensus: DELL
Just Released: Zacks Top 10 Stocks for 2022
In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2022?
From inception in 2012 through 2021, the Zacks Top 10 Stocks portfolios gained an impressive +1,001.2% versus the S&P 500’s +348.7%. Now our Director of Research has combed through 4,000 companies covered by the Zacks Rank and has handpicked the best 10 tickers to buy and hold. Don’t miss your chance to get in…because the sooner you do, the more upside you stand to grab.
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
Dell Technologies Inc. (DELL): Free Stock Analysis Report
Amdocs Limited (DOX): 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.
|
Initiatives to diversify IT services have been a boon for Dell Technologies DELL and Amdocs DOX. Price and Consensus: DOX Dell Technologies: This Round Rock, TX-based company is benefiting from strong demand for its servers and networking solutions. Although PC shipments have been declining, Dell is benefiting from strong demand for its notebooks.
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Initiatives to diversify IT services have been a boon for Dell Technologies DELL and Amdocs DOX. Price and Consensus: DOX Dell Technologies: This Round Rock, TX-based company is benefiting from strong demand for its servers and networking solutions. Although PC shipments have been declining, Dell is benefiting from strong demand for its notebooks.
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Initiatives to diversify IT services have been a boon for Dell Technologies DELL and Amdocs DOX. Price and Consensus: DOX Dell Technologies: This Round Rock, TX-based company is benefiting from strong demand for its servers and networking solutions. Although PC shipments have been declining, Dell is benefiting from strong demand for its notebooks.
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Initiatives to diversify IT services have been a boon for Dell Technologies DELL and Amdocs DOX. Price and Consensus: DOX Dell Technologies: This Round Rock, TX-based company is benefiting from strong demand for its servers and networking solutions. Although PC shipments have been declining, Dell is benefiting from strong demand for its notebooks.
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f32b98ac-d163-4e8c-9310-b56fa85511d1
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725744.0
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2022-06-15 00:00:00 UTC
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Snowflake (SNOW) Enhances Its Native Python Programmability
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DELL
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https://www.nasdaq.com/articles/snowflake-snow-enhances-its-native-python-programmability
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nan
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nan
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Snowflake SNOW recently announced expansion of its native Python support to advance programmability in the data cloud. Snowflake has launched Snowpark for Python, which is now available for public preview.
As part of the public preview release, Snowflake is offering Snowpark public API, Python Scalar User Defined functions and Python UDF batch API. This would make Python’s rich ecosystem of open-source packages and libraries accessible in the Data Cloud and allow Python developers to build secure and scalable data pipelines and machine learning (“ML”) workflows directly within Snowflake.
The recent enhancement to make Python more accessible in data cloud has been made possible by Snowflake’s strategic investments in Anaconda and Streamlit. Per a recent survey by Anaconda, Python is the most popular programming language among data scientists and developers.
The collaboration between Anaconda and Snowflake will attract python developers to the latter’s platform and drive top-line growth by expanding its customer base and increasing usage of the platform among existing users.
Snowflake is also expanding its data access capabilities on its platform to help users access data faster for improved developer productivity. The recent enhancements will allow users to eliminate the boundaries between streaming data and batch pipelines with Snowpipe streaming.
This would allow developers to design different ML workflows by transforming streaming data. Streaming data is the data generated continuously by thousands of data sources, such as log files, generated by customers while using companies’ mobile or web applications.
The recent enhancements to the Snowflake platform and the launch of various workloads is in line with Snowflake’s strategic focus to enable every single workload required to govern data efficiently, reduce operational complexity and minimize the cost of handling data. This is essential because data volume is increasing immensely every day.
Snowflake Inc. Price and Consensus
Snowflake Inc. price-consensus-chart | Snowflake Inc. Quote
Snowflake’s Diverse Data Cloud Offerings Driving Top Line
Along with the recent enhancements, Snowflake has launched various different workloads recently, such as the Unistore workload and Cybersecurity workload.
The Unistore workload simplifies the development of transactional applications by working with transactional data and analytical data in a single platform which has been siloed traditionally till now.
As data volume is increasing, organizations currently have multi-cloud strategies that they are utilizing for everything from hosting data centers to enterprise applications.
Concurrent with the increase in the adoption of data cloud, cyber threats have also been increasing.
In pursuance of addressing the cyber security threat, Snowflake launched its new Cybersecurity workload that enables cyber security teams to protect their enterprises within the Data cloud.
In order to accelerate the adoption of its platform and different workloads Snowflake has also been investing heavily in building their partner base. Dell Technologies DELL and Amazon AMZN are two key partners for the company.
Snowflake’s recent partnership with Dell will allow joint customers to access data stored on Dell object storage with Snowflake data cloud.
Amazon’s cloud division, AWS, is helping SNOW provide seamless integration across different cloud platforms to aid customers in storing and analyzing data in the Healthcare and Life sciences industry.
However, rising demand for cyber security offerings has resulted in Snowflake encountering escalating competition from the likes of Cisco Systems CSCO in cloud security solutions.
Cisco is designing a new Securities Cloud Platform, which will provide comprehensive securities solutions to protect the entire IT ecosystem while avoiding public cloud lock-in.
Further, the COVID-19 pandemic, along with macroeconomic turmoils, have impacted Snowflake’s business, the data cloud market and business partners operations negatively. Rising competition and the negative impact of the volatile economy on Snowflake’s partners have impacted the company’s stock price negatively.
Shares of Snowflake currently carry a Zacks Rank #3 (Hold) and have lost 66.4% year to date, underperforming the Zacks Computer and Technology sector’s decline of 53.5%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Zacks' Top Picks to Cash in on Electric Vehicles
Big money has already been made in the Electric Vehicle (EV) industry. But, the EV revolution has not hit full throttle yet. There is a lot of money to be made as the next push for future technologies ramps up. Zacks’ Special Report reveals 5 picks investors
See 5 EV Stocks With Extreme Upside Potential >>
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
Amazon.com, Inc. (AMZN): Free Stock Analysis Report
Cisco Systems, Inc. (CSCO): Free Stock Analysis Report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
Snowflake Inc. (SNOW): 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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Dell Technologies DELL and Amazon AMZN are two key partners for the company. Snowflake’s recent partnership with Dell will allow joint customers to access data stored on Dell object storage with Snowflake data cloud. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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Dell Technologies DELL and Amazon AMZN are two key partners for the company. Snowflake’s recent partnership with Dell will allow joint customers to access data stored on Dell object storage with Snowflake data cloud. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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Snowflake’s recent partnership with Dell will allow joint customers to access data stored on Dell object storage with Snowflake data cloud. Dell Technologies DELL and Amazon AMZN are two key partners for the company. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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Dell Technologies DELL and Amazon AMZN are two key partners for the company. Snowflake’s recent partnership with Dell will allow joint customers to access data stored on Dell object storage with Snowflake data cloud. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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1d8878b3-9e7b-4ee8-9638-dce23e964c99
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725745.0
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2022-06-15 00:00:00 UTC
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The Zacks Analyst Blog Highlights Vistra, Packaging Corp. of America, Reliance Steel & Aluminum, Dell Technologies and C.H. Robinson
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DELL
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights-vistra-packaging-corp.-of-america-reliance-steel
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nan
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nan
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For Immediate Release
Chicago, IL – June 15, 2022 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Vistra Corp. VST, Packaging Corp. of America PKG, Reliance Steel & Aluminum Co. RS, Dell Technologies Inc. DELL and C.H. Robinson Worldwide Inc. CHRW.
Here are highlights from Tuesday’s Analyst Blog:
Major Indexes Enter Bear Territory: 5 Low-Beta Stock Picks
Wall Street is reeling under extreme volatility since the beginning of 2022. Investors are highly concerned about soaring inflation. Moreover, the uncertainty regarding the pace and magnitude of an interest rate hike by the Fed to contain inflation has injected severe fluctuations in day-to-day trading.
At this juncture, it will be prudent to invest in low-beta, high-dividend-paying stocks with a favorable Zacks Rank. Five such stocks are — Vistra Corp., Packaging Corp. of America, Reliance Steel & Aluminum Co., Dell Technologies Inc. and C.H. Robinson Worldwide Inc.
Wall Street's Mayhem Continues
On Jun 13, The Wall Street Journal reported that Fed officials are seriously considering a hike in the lending rate by 75 basis points in June to combat mounting inflation. The Fed is scheduled to meet for its next FOMC during Jun 14-15.
Fed Chairman Jerome Powell announced in the May FOMC statement that the central bank would raise the benchmark interest rate by 50 basis points in both June and July. However, a hike of a higher magnitude has been considered recently after the consumer price index (CPI) jumped 8.6% year-over-year in May compared with 8.3% in April. May's reading was the highest since December 1981. The core CPI (excluding volatile food and energy items) climbed 6% year over year, exceeding the consensus estimate of 5.9%.
The Fed raised the Fed Fund rate by 25 basis points in March and 50 basis points in May. The central bank terminated the $120 billion per month quantitative easing program in March and started systematically reducing the size of its $9 trillion balance sheet since Jun 1. Yet, inflation data are showing no signs of abatement.
Following the news of WSJ, the S&P 500 tanked 3.9% or 151.23 points to end at 3,749.63. The broad-market index is down 22.2% from its recent high and entered a bear market territory, for the first time since March 2020, at the onset of the pandemic. The benchmark is down 21.3% year to date.
The tech-heavy Nasdaq Composite finished at 10,809.23, sliding 4.7% or 530.80 points. The index has been in the bear market since Mar 7 and has plunged 22.2% from its recent high. The tech-laden index is down 30.9% year to date.
The Dow has tumbled 2.8% or 876.05 points to close at 30,516.74. The blue-chip index is currently 17.4% below its recent high and down 16% year to date. The index closed below its strong technical barrier of 31,000 for the first time since Feb 26, 2021.
Why Low-Beta High-Yielding Stocks?
At this stage, investment in low-beta (beta > 0 < 1) stocks with a high dividend yield and a favorable Zacks Rank may be the best option. If the market's northbound journey is reestablished, the favorable Zacks Rank of these stocks will capture the upside potential. However, if the market's downturn continues, low-beta stocks will minimize portfolio losses and dividend payment will act as a regular income stream.
Our Top Picks
We have narrowed our search to five large-cap (market capital > $10 billion) low-beta stocks with a solid dividend yield. These companies have strong potential for the rest of 2022 and have seen positive earnings estimate revisions in the last 60 days. Each of our picks carries either a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Vistra operates as an integrated retail electricity and power generation company. VST operates through six segments: Retail, Texas, East, West, Sunset, and Asset Closure. The company retails electricity and natural gas to residential, commercial, and industrial customers across 20 states in the United States and the District of Columbia.
Zacks Rank #1 Vistra has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 11.2% over the last 60 days. VST has a current dividend yield of 2.67% and a beta of 0.82.
Packaging Corp. manufactures and sells containerboard and corrugated packaging products in the United States. PKG continues to benefit from robust packaging demand backed by e-commerce and rising requirements for the packaging of food, beverages and medicines.
PKG's Packaging segment will benefit from higher corrugated products shipments with three additional shipping days. For the Paper segment, the company expects higher prices and a better mix. Packaging Corporation continues to implement price hikes that will help offset the impact of high operating costs, freight expenses and supply chain issues on margins.
Zacks Rank #1 Packaging Corporation has an expected earnings growth rate of 24.2% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 8.2% over the last 60 days. PKG has a current dividend yield of 2.64% and a beta of 0.76.
Reliance Steel & Aluminum is seeing a strong rebound in non-residential construction, its largest market. Demand in this market is expected to remain strong in 2022 on healthy bidding activities. RS is also witnessing steady demand in automotive and a recovery in commercial aerospace and energy.
Reliance Steel & Aluminum is expected to gain from robust demand in the majority of its end markets in 2022. It also remains focused on enhancing its operating results through the acquisition of high-margin businesses. Investments in new processing capabilities will also improve the service offerings to its customers. RS remains committed to offering incremental returns to its shareholders leveraging strong cash flows.
Zacks Rank #1 Reliance Steel & Aluminum has an expected earnings growth rate of 26.1% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 27.7% over the last 60 days. RS has a current dividend yield of 1.87% and a beta of 0.76.
C.H. Robinson is benefiting from favorable freight market conditions, such as increased volumes and higher pricing, amid tight capacity. CHRW's growth-by-acquisition policy is also impressive.
To this end, in May 2021, C.H. Robinson acquired freight forwarding company Combinex Holding B.V. to strengthen its European Surface Transportation business. The acquisition not only broadens its customer base but also improves customer services by clubbing Combinex's expertise.
Zacks Rank #2 C.H. Robinson has an expected earnings growth rate of 15.5% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.4% over the last 30 days. CHRW has a current dividend yield of 2.16% and a beta of 0.73.
Dell Technologies offers personal computers, computer hardware, and cloud and data management services. DELL's operating segment consists of Client Solutions CS), Enterprise Solutions Group (ESG) and Dell Software Group (DSG).
The CS segment includes sales to commercial and consumer customers of desktops, thin client products, notebooks as well as services and third-party software and peripherals of Client Solutions hardware.
The ESG segment includes servers, networking and storage as well as services and third-party software and peripherals of ESG hardware. The DSG segment includes systems management, security software solutions and information management software offerings.
Zacks Rank #2 Dell Technologies has an expected earnings growth rate of 13.2% for the current year (ending January 2023). The Zacks Consensus Estimate for current-year earnings has improved 6.5% over the last 30 days. DELL has a current dividend yield of 2.69% and a beta of 0.89.
Why Haven't You Looked at Zacks' Top Stocks?
Our 5 best-performing strategies have blown away the S&P's impressive +28.8% gain in 2021. Amazingly, they soared+40.3%, +48.2%, +67.6%, +94.4%, and+95.3%. Today you can access their live picks without cost or obligation.
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Media Contact
Zacks Investment Research
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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.
Zacks' Top Picks to Cash in on Electric Vehicles
Big money has already been made in the Electric Vehicle (EV) industry. But, the EV revolution has not hit full throttle yet. There is a lot of money to be made as the next push for future technologies ramps up. Zacks’ Special Report reveals 5 picks investors
See 5 EV Stocks With Extreme Upside Potential >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
C.H. Robinson Worldwide, Inc. (CHRW): Free Stock Analysis Report
Reliance Steel & Aluminum Co. (RS): Free Stock Analysis Report
Packaging Corporation of America (PKG): Free Stock Analysis Report
Vistra Corp. (VST): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks recently featured in the blog include: Vistra Corp. VST, Packaging Corp. of America PKG, Reliance Steel & Aluminum Co. RS, Dell Technologies Inc. DELL and C.H. Five such stocks are — Vistra Corp., Packaging Corp. of America, Reliance Steel & Aluminum Co., Dell Technologies Inc. and C.H. Dell Technologies offers personal computers, computer hardware, and cloud and data management services.
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Stocks recently featured in the blog include: Vistra Corp. VST, Packaging Corp. of America PKG, Reliance Steel & Aluminum Co. RS, Dell Technologies Inc. DELL and C.H. DELL's operating segment consists of Client Solutions CS), Enterprise Solutions Group (ESG) and Dell Software Group (DSG). Five such stocks are — Vistra Corp., Packaging Corp. of America, Reliance Steel & Aluminum Co., Dell Technologies Inc. and C.H.
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Zacks Rank #2 Dell Technologies has an expected earnings growth rate of 13.2% for the current year (ending January 2023). Stocks recently featured in the blog include: Vistra Corp. VST, Packaging Corp. of America PKG, Reliance Steel & Aluminum Co. RS, Dell Technologies Inc. DELL and C.H. Five such stocks are — Vistra Corp., Packaging Corp. of America, Reliance Steel & Aluminum Co., Dell Technologies Inc. and C.H.
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Stocks recently featured in the blog include: Vistra Corp. VST, Packaging Corp. of America PKG, Reliance Steel & Aluminum Co. RS, Dell Technologies Inc. DELL and C.H. Five such stocks are — Vistra Corp., Packaging Corp. of America, Reliance Steel & Aluminum Co., Dell Technologies Inc. and C.H. Dell Technologies offers personal computers, computer hardware, and cloud and data management services.
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2161737e-1c92-4747-8e73-9eed86ca0dc7
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725746.0
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2022-06-14 00:00:00 UTC
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Major Indexes Enter Bear Market: 5 Low-Beta Stock Picks
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DELL
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https://www.nasdaq.com/articles/major-indexes-enter-bear-market%3A-5-low-beta-stock-picks
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nan
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nan
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Wall Street is reeling under extreme volatility since the beginning of 2022. Investors are highly concerned about soaring inflation. Moreover, the uncertainty regarding the pace and magnitude of an interest rate hike by the Fed to contain inflation has injected severe fluctuations in day-to-day trading.
At this juncture, it will be prudent to invest in low-beta, high-dividend-paying stocks with a favorable Zacks Rank. Five such stocks are — Vistra Corp. VST, Packaging Corporation of America PKG, Reliance Steel & Aluminum Co. RS, Dell Technologies Inc. DELL and C.H. Robinson Worldwide Inc. CHRW.
Wall Street’s Mayhem Continues
On Jun 13, The Wall Street Journal reported that Fed officials are seriously considering a hike in the lending rate by 75 basis points in June to combat mounting inflation. The Fed is scheduled to meet for its next FOMC during Jun 14-15.
Fed Chairman Jerome Powell announced in the May FOMC statement that the central bank would raise the benchmark interest rate by 50 basis points in both June and July. However, a hike of a higher magnitude has been considered recently after the consumer price index (CPI) jumped 8.6% year-over-year in May compared with 8.3% in April. May’s reading was the highest since December 1981. The core CPI (excluding volatile food and energy items) climbed 6% year over year, exceeding the consensus estimate of 5.9%.
The Fed raised the Fed Fund rate by 25 basis points in March and 50 basis points in May. The central bank terminated the $120 billion per month quantitative easing program in March and started systematically reducing the size of its $9 trillion balance sheet since Jun 1. Yet, inflation data are showing no signs of abatement.
Following the news of WSJ, , the S&P 500 tanked 3.9% or 151.23 points to end at 3,749.63. The broad-market index is down 22.2% from its recent high and entered a bear market territory, for the first time since March 2020, at the onset of the pandemic. The benchmark is down 21.3% year to date.
The tech-heavy Nasdaq Composite finished at 10,809.23, sliding 4.7% or 530.80 points. The index has been in the bear market since Mar 7 and has plunged 22.2% from its recent high. The tech-laden index is down 30.9% year to date.
The Dow has tumbled 2.8% or 876.05 points to close at 30,516.74. The blue-chip index is currently 17.4% below its recent high and down 16% year to date. The index closed below its strong technical barrier of 31,000 for the first time since Feb 26, 2021.
Why Low-Beta High-Yielding Stocks?
At this stage, investment in low-beta (beta > 0 < 1) stocks with a high dividend yield and a favorable Zacks Rank may be the best option. If the market’s northbound journey is reestablished, the favorable Zacks Rank of these stocks will capture the upside potential. However, if market’s downturn continues, low-beta stocks will minimize portfolio losses and dividend payment will act as a regular income stream.
Our Top Picks
We have narrowed our search to five large-cap (market capital > $10 billion) low-beta stocks with a solid dividend yield. These companies have strong potential for the rest of 2022 and have seen positive earnings estimate revisions in the last 60 days. Each of our picks carries either a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The chart below shows the price performance of our five picks in the past three months.
Image Source: Zacks Investment Research
Vistra operates as an integrated retail electricity and power generation company. VST operates through six segments: Retail, Texas, East, West, Sunset, and Asset Closure. The company retails electricity and natural gas to residential, commercial, and industrial customers across 20 states in the United States and the District of Columbia.
Zacks Rank #1 Vistra has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 11.2% over the last 60 days. VST has a current dividend yield of 2.67% and a beta of 0.82.
Packaging Corporation manufactures and sells containerboard and corrugated packaging products in the United States. PKG continues to benefit from robust packaging demand backed by e-commerce and rising requirement for the packaging of food, beverages and medicines.
PKG’s Packaging segment will benefit from higher corrugated products shipments with three additional shipping days. For the Paper segment, the company expects higher prices and a better mix. Packaging Corporation continues to implement price hikes that will help offset the impact of high operating costs, freight expenses and supply chain issues on margins.
Zacks Rank #1 Packaging Corporation has an expected earnings growth rate of 24.2% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 8.2% over the last 60 days. PKG has a current dividend yield of 2.64% and a beta of 0.76.
Reliance Steel & Aluminum is seeing a strong rebound in non-residential construction, its largest market. Demand in this market is expected to remain strong in 2022 on healthy bidding activities. RS is also witnessing steady demand in automotive and a recovery in commercial aerospace and energy.
Reliance Steel & Aluminum is expected to gain from robust demand in the majority of its end markets in 2022. It also remains focused on enhancing its operating results through the acquisition of high-margin businesses. Investments in new processing capabilities will also improve the service offerings to its customers. RS remains committed to offering incremental returns to its shareholders leveraging strong cash flows.
Zacks Rank #1 Reliance Steel & Aluminum has an expected earnings growth rate of 26.1% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 27.7% over the last 60 days. RS has a current dividend yield of 1.87% and a beta of 0.76.
C.H. Robinson is benefiting from favorable freight market conditions, such as increased volumes and higher pricing, amid tight capacity. CHRW’s growth-by-acquisition policy is also impressive.
To this end, in May 2021, C.H. Robinson acquired freight forwarding company Combinex Holding B.V. to strengthen its European Surface Transportation business. The acquisition not only broadens its customer base but also improves customer services by clubbing Combinex’s expertise.
Zacks Rank #2 C.H. Robinson has an expected earnings growth rate of 15.5% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.4% over the last 30 days. CHRW has a current dividend yield of 2.16% and a beta of 0.73.
Dell Technologies offers personal computers, computer hardware, and cloud and data management services. DELL’s operating segment consists of Client Solutions CS), Enterprise Solutions Group (ESG) and Dell Software Group (DSG).
The CS segment includes sales to commercial and consumer customers of desktops, thin client products, notebooks as well as services and third-party software and peripherals of Client Solutions hardware.
The ESG segment includes servers, networking and storage as well as services and third-party software and peripherals of ESG hardware. The DSG segment includes systems management, security software solutions and information management software offerings.
Zacks Rank #2 Dell Technologies has an expected earnings growth rate of 13.2% for the current year (ending January 2023). The Zacks Consensus Estimate for current-year earnings has improved 6.5% over the last 30 days. DELL has a current dividend yield of 2.69% and a beta of 0.89.
How to Profit from the Hot Electric Vehicle Industry
Global electric car sales in 2021 more than doubled their 2020 numbers. And today, the electric vehicle (EV) technology and very nature of the business is changing quickly. The next push for future technologies is happening now and investors who get in early could see exceptional profits.
See Zacks' Top Stocks to Profit from the EV Revolution >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
C.H. Robinson Worldwide, Inc. (CHRW): Free Stock Analysis Report
Reliance Steel & Aluminum Co. (RS): Free Stock Analysis Report
Packaging Corporation of America (PKG): Free Stock Analysis Report
Vistra Corp. (VST): 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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Five such stocks are — Vistra Corp. VST, Packaging Corporation of America PKG, Reliance Steel & Aluminum Co. RS, Dell Technologies Inc. DELL and C.H. Dell Technologies offers personal computers, computer hardware, and cloud and data management services. DELL’s operating segment consists of Client Solutions CS), Enterprise Solutions Group (ESG) and Dell Software Group (DSG).
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Five such stocks are — Vistra Corp. VST, Packaging Corporation of America PKG, Reliance Steel & Aluminum Co. RS, Dell Technologies Inc. DELL and C.H. DELL’s operating segment consists of Client Solutions CS), Enterprise Solutions Group (ESG) and Dell Software Group (DSG). Dell Technologies offers personal computers, computer hardware, and cloud and data management services.
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Zacks Rank #2 Dell Technologies has an expected earnings growth rate of 13.2% for the current year (ending January 2023). Five such stocks are — Vistra Corp. VST, Packaging Corporation of America PKG, Reliance Steel & Aluminum Co. RS, Dell Technologies Inc. DELL and C.H. Dell Technologies offers personal computers, computer hardware, and cloud and data management services.
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Zacks Rank #2 Dell Technologies has an expected earnings growth rate of 13.2% for the current year (ending January 2023). Five such stocks are — Vistra Corp. VST, Packaging Corporation of America PKG, Reliance Steel & Aluminum Co. RS, Dell Technologies Inc. DELL and C.H. Dell Technologies offers personal computers, computer hardware, and cloud and data management services.
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f4cacb46-32a1-44a4-8540-fa9dfcdf56be
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725747.0
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2022-06-14 00:00:00 UTC
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Dell Technologies and American Eagle Outfitters have been highlighted as Zacks Bull and Bear of the Day
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DELL
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https://www.nasdaq.com/articles/dell-technologies-and-american-eagle-outfitters-have-been-highlighted-as-zacks-bull-and
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nan
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nan
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For Immediate Release
Chicago, IL – June 14, 2022 – Zacks Equity Research shares Dell Technologies DELL as the Bull of the Day and American Eagle Outfitters Inc. AEO as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Enphase Energy ENPH, SunPower SPWR and First Solar FSLR.
Here is a synopsis of all five stocks:
Bull of the Day:
Dell Technologies is a provider of information technology solutions. The company's operating segments include Client Solutions, Enterprise Solutions Group, and Dell Software Group.
Segment Breakdown
The company's Client Solutions segment includes sales to commercial and consumer customers of desktops, thin client products, notebooks, and third-party software and peripherals of Client Solutions Hardware.
Dell's Enterprise Solutions Group includes servers, networking, storage, services, third-party software, and peripherals of ESG hardware.
The Dell Software Group segment includes systems management, security software solutions, and information management software offerings.
Share Performance
Shares have held up relatively well year-to-date, declining approximately 15% and outperforming the general market by a small margin.
Over the last year, the picture remains the same – DELL shares have marginally outperformed the S&P 500.
The company's share performance is inspiring – many companies have witnessed deep double-digit valuation slashes throughout 2022. Additionally, the share performance tells us that shares have provided investors with a valuable blend of defense.
Quarterly Performance & Valuation
Dell has consistently reported strong quarterly results, exceeding bottom-line estimates in eight of its last ten quarters. Over the last four quarters, the information technology solutions provider has beat on the bottom line by 8% on average, and in its latest quarterly report, DELL crushed bottom-line estimates by a sizable 33%.
The company sports an enticingly low 8.2X forward earnings multiple, nowhere near 2018 highs of 17.5X and nicely below the five-year median of 10.0X. Furthermore, the value represents a deep 53% discount relative to the S&P 500's forward P/E ratio of 17.4X.
DELL sports a Style Score of an A for Value.
Forecasted Growth
Analysts have been positively revising their quarterly estimates over the last 60 days, undoubtedly a major positive and a reason the company sports the highly-coveted Zacks Rank #1 (Strong Buy). For the current fiscal year, the Consensus Estimate Trend has increased by a notable 6%, reflecting full-year earnings of $7.04 per share – a sizable 14% year-over-year increase.
Additionally, looking forward, the $7.62 EPS estimate for the next fiscal year has DELL increasing its earnings by a respectable 8.2% year-over-year.
Looking at sales, the $107 billion revenue estimate for FY23 displays a marginal 0.3% expansion in the top line, and in FY24, the $108 billion estimate reflects an additional 1.5% growth in revenue.
Dividends
Dell Technologies rewards its shareholders via its 2.7% annual dividend yield with a sustainable payout ratio of 17% of earnings. The annual yield is much higher than the S&P 500's yield of 1.5%, and the company has increased its dividend once over the past five years.
Dividends are a significant boost to any portfolio, providing a stream of income that can alleviate drawdowns within a portfolio.
Bottom Line
One of the best ways investors can find expected winners within the market is by utilizing the Zacks Rank – one of the most potent market tools out there. A portfolio consisting of Zacks Rank #1 (Strong Buy) stocks has beaten the market in 26 of the last 31 years with an average annual return of 25%.
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.
Dell Technologies would be an excellent bet for investors looking to add a solid stock to their portfolios, as displayed by its Zack Rank #1 (Strong Buy).
Bear of the Day:
American Eagle Outfitters Inc. is a specialty retailer of casual apparel, accessories, outerwear, and footwear for men and women. It, along with its subsidiaries, engages in the designing and marketing of casual clothing.
Share Performance
Year-to-date, AEO shares have pulled back significantly, declining by a jaw-dropping 52% and coming nowhere close to the S&P 500's performance.
Stretching out the time frame to over the past year, the story remains the same – AEO shares have been stuck in a deep downtrend throughout the period, losing nearly 65% of their value and underperforming the S&P 500 extensively.
This clothing retailer's poor share performance is just the first red flag.
Quarterly Performance
AEO has struggled to chain together EPS beats as of late, missing bottom line estimates by a very concerning 33% in its latest quarter. Additionally, quarterly revenue results leave something to be desired – AEO has beaten top line estimates just five times out of its ten last quarters, undoubtedly a sign that the company has struggled.
Estimate Revisions
Analysts have been negatively revising their earnings estimates across the board over the last 60 days, with nearly a 100% agreement revision percentage across all time frames.
For the upcoming quarter, the Consensus Estimate Trend has fallen by a double-digit 58%, reflecting EPS of $0.17 and a nasty 71% decline in earnings from the year-ago quarter.
Current fiscal year estimates also raise a red flag; the $1.32 EPS estimate displays a sizable 40% decrease in earnings year-over-year.
Bottom Line
AEO shares have been the victim of a deep double-digit valuation slash over the last year. This, paired with negative estimate revisions and weak revenue results, undoubtedly paints a grim picture for the company within the short term.
The company is a Zacks Rank #5 (Strong Sell) and a stock that investors will be better off staying away from for now. Instead, investors should pivot to stocks that either carry a Zacks Rank #1 (Strong Buy) or Zacks Rank #2 (Buy) – the odds of reaping considerable gains are much higher within the companies that carry these ranks.
Additional content:
Biden Invokes DPA, Halts Import Tariff: 3 Solar Stocks to Gain
U.S. solar stocks are likely to shine brightly in the days ahead, following the recent actions taken by the Biden administration in favor of the solar industry. In particular, the White House has decided to waive off any potential new tariffs on solar panels from four Southeast Asian nations for two years to boost solar installation at an affordable price.
Further, to accelerate the domestic production of clean energy technologies, including solar panel parts, Biden recently invoked the Defense Production Act ("DPA").
Such strategies bode well for the U.S. solar industry's growth trajectory. This puts the spotlight on major industry participants like Enphase Energy, SunPower and First Solar, which are well-poised to rejuvenate amid the current reforms.
How Will the U.S. Solar Industry Benefit?
The recent authorization by the U.S. President to use DPA will enable the Department of Energy to rapidly expand the American manufacturing of five critical clean energy technologies, mainly solar panel parts, building insulation, heat pumps, equipment like fuel cells and electrolyzers and power grid infrastructure.
Moreover, as the DPA declaration empowers the government to induce funds for the domestic production of solar components, it will reduce the dependence of the nation on the imports of solar components and parts. This, in turn, will further ease supply-chain susceptibility and boost the top-line growth of U.S.-based solar panel manufacturers.
Further, considering that the U.S. solar industry relies heavily on Southeast Asian countries for the supply of solar modules, by waiving off potential tariffs on solar components, Biden aims to lower the cost of components and ease the supply of solar components at present.
Of late, the U.S. solar industry has been encountering pandemic-induced supply-chain vulnerabilities and a high cost of components amid soaring inflation. Against this backdrop, actions taken by the Biden-led government would help America duly achieve its target of tripling the domestic solar manufacturing capacity by 2024.
Stocks to Gain
In light of the aforementioned factors, U.S.-based solar stocks that investors should keep in their watchlist are:
Enphase Energy: Enphase enjoys a strong position as a leading U.S. manufacturer of microinverters and has a valuable position in manufacturing fully integrated solar-plus-storage solutions.
In the first quarter of 2022, Enphase's revenues from the United States improved a solid 49% on a year-over-year basis. To further expand its market in America's solar industry, ENPH acquired SolarLeadFactory, which provides high-quality leads for solar installers in the United States, in March 2022.
SunPower: SunPower designs, develops, manufactures, markets and sells high-performance solar electric power technology products, systems and services worldwide for residential, commercial and utility-scale power plant customers.
SunPower added 16,500 customers in the first quarter of 2022, reflecting growth of 40% year over year. SPWR expects its residential customer volume to grow by more than 35% in 2022 over 2021.
First Solar: First Solar is a leading global provider of comprehensive PV solar energy solutions and specializes in designing, manufacturing and selling solar electric power modules.
In 2021, First Solar announced plans to expand its manufacturing capacity by 6.6 Gigawatt (GW) by constructing its third manufacturing facility in the United States and first manufacturing facility in India. Such capacity expansion will enable FSLR to maintain its position as the largest U.S. solar module manufacturer.
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Zacks Investment Research
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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.
How to Profit from the Hot Electric Vehicle Industry
Global electric car sales in 2021 more than doubled their 2020 numbers. And today, the electric vehicle (EV) technology and very nature of the business is changing quickly. The next push for future technologies is happening now and investors who get in early could see exceptional profits.
See Zacks' Top Stocks to Profit from the EV Revolution >>
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
First Solar, Inc. (FSLR): Free Stock Analysis Report
American Eagle Outfitters, Inc. (AEO): Free Stock Analysis Report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
SunPower Corporation (SPWR): Free Stock Analysis Report
Enphase Energy, Inc. (ENPH): 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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Dell Technologies would be an excellent bet for investors looking to add a solid stock to their portfolios, as displayed by its Zack Rank #1 (Strong Buy). For Immediate Release Chicago, IL – June 14, 2022 – Zacks Equity Research shares Dell Technologies DELL as the Bull of the Day and American Eagle Outfitters Inc. AEO as the Bear of the Day. Here is a synopsis of all five stocks: Bull of the Day: Dell Technologies is a provider of information technology solutions.
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The Dell Software Group segment includes systems management, security software solutions, and information management software offerings. For Immediate Release Chicago, IL – June 14, 2022 – Zacks Equity Research shares Dell Technologies DELL as the Bull of the Day and American Eagle Outfitters Inc. AEO as the Bear of the Day. Here is a synopsis of all five stocks: Bull of the Day: Dell Technologies is a provider of information technology solutions.
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For Immediate Release Chicago, IL – June 14, 2022 – Zacks Equity Research shares Dell Technologies DELL as the Bull of the Day and American Eagle Outfitters Inc. AEO as the Bear of the Day. Here is a synopsis of all five stocks: Bull of the Day: Dell Technologies is a provider of information technology solutions. The company's operating segments include Client Solutions, Enterprise Solutions Group, and Dell Software Group.
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Dell Technologies Inc. (DELL): Free Stock Analysis Report For Immediate Release Chicago, IL – June 14, 2022 – Zacks Equity Research shares Dell Technologies DELL as the Bull of the Day and American Eagle Outfitters Inc. AEO as the Bear of the Day. Here is a synopsis of all five stocks: Bull of the Day: Dell Technologies is a provider of information technology solutions.
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0f425a5f-1bc9-4acf-a11b-c033c867823d
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725748.0
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2022-06-14 00:00:00 UTC
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Bull of the Day: Dell Technologies
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DELL
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https://www.nasdaq.com/articles/bull-of-the-day%3A-dell-technologies
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nan
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nan
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Dell Technologies DELL is a provider of information technology solutions. The company’s operating segments include Client Solutions, Enterprise Solutions Group, and Dell Software Group.
Segment Breakdown
The company’s Client Solutions segment includes sales to commercial and consumer customers of desktops, thin client products, notebooks, and third-party software and peripherals of Client Solutions Hardware.
Dell’s Enterprise Solutions Group includes servers, networking, storage, services, third-party software, and peripherals of ESG hardware.
The Dell Software Group segment includes systems management, security software solutions, and information management software offerings.
Share Performance
Shares have held up relatively well year-to-date, declining approximately 15% and outperforming the general market by a small margin.
Image Source: Zacks Investment Research
Over the last year, the picture remains the same – DELL shares have marginally outperformed the S&P 500.
Image Source: Zacks Investment Research
The company’s share performance is inspiring – many companies have witnessed deep double-digit valuation slashes throughout 2022. Additionally, the share performance tells us that shares have provided investors with a valuable blend of defense.
Quarterly Performance & Valuation
Dell has consistently reported strong quarterly results, exceeding bottom-line estimates in eight of its last ten quarters. Over the last four quarters, the information technology solutions provider has beat on the bottom line by 8% on average, and in its latest quarterly report, DELL crushed bottom-line estimates by a sizable 33%.
The company sports an enticingly low 8.2X forward earnings multiple, nowhere near 2018 highs of 17.5X and nicely below the five-year median of 10.0X. Furthermore, the value represents a deep 53% discount relative to the S&P 500’s forward P/E ratio of 17.4X.
DELL sports a Style Score of an A for Value.
Image Source: Zacks Investment Research
Forecasted Growth
Analysts have been positively revising their quarterly estimates over the last 60 days, undoubtedly a major positive and a reason the company sports the highly-coveted Zacks Rank #1 (Strong Buy). For the current fiscal year, the Consensus Estimate Trend has increased by a notable 6%, reflecting full-year earnings of $7.04 per share – a sizable 14% year-over-year increase.
Additionally, looking forward, the $7.62 EPS estimate for the next fiscal year has DELL increasing its earnings by a respectable 8.2% year-over-year.
Looking at sales, the $107 billion revenue estimate for FY23 displays a marginal 0.3% expansion in the top line, and in FY24, the $108 billion estimate reflects an additional 1.5% growth in revenue.
Image Source: Zacks Investment Research
Dividends
Dell Technologies rewards its shareholders via its 2.7% annual dividend yield with a sustainable payout ratio of 17% of earnings. The annual yield is much higher than the S&P 500’s yield of 1.5%, and the company has increased its dividend once over the past five years.
Dividends are a significant boost to any portfolio, providing a stream of income that can alleviate drawdowns within a portfolio.
Bottom Line
One of the best ways investors can find expected winners within the market is by utilizing the Zacks Rank – one of the most potent market tools out there. A portfolio consisting of Zacks Rank #1 (Strong Buy) stocks has beaten the market in 26 of the last 31 years with an average annual return of 25%.
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.
Dell Technologies would be an excellent bet for investors looking to add a solid stock to their portfolios, as displayed by its Zack Rank #1 (Strong Buy).
How to Profit from the Hot Electric Vehicle Industry
Global electric car sales in 2021 more than doubled their 2020 numbers. And today, the electric vehicle (EV) technology and very nature of the business is changing quickly. The next push for future technologies is happening now and investors who get in early could see exceptional profits.
See Zacks' Top Stocks to Profit from the EV Revolution >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
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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Dell’s Enterprise Solutions Group includes servers, networking, storage, services, third-party software, and peripherals of ESG hardware. Dell Technologies would be an excellent bet for investors looking to add a solid stock to their portfolios, as displayed by its Zack Rank #1 (Strong Buy). Dell Technologies DELL is a provider of information technology solutions.
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The company’s operating segments include Client Solutions, Enterprise Solutions Group, and Dell Software Group. The Dell Software Group segment includes systems management, security software solutions, and information management software offerings. Image Source: Zacks Investment Research Dividends Dell Technologies rewards its shareholders via its 2.7% annual dividend yield with a sustainable payout ratio of 17% of earnings.
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Image Source: Zacks Investment Research Dividends Dell Technologies rewards its shareholders via its 2.7% annual dividend yield with a sustainable payout ratio of 17% of earnings. Dell Technologies would be an excellent bet for investors looking to add a solid stock to their portfolios, as displayed by its Zack Rank #1 (Strong Buy). Dell Technologies DELL is a provider of information technology solutions.
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Dell Technologies DELL is a provider of information technology solutions. Additionally, looking forward, the $7.62 EPS estimate for the next fiscal year has DELL increasing its earnings by a respectable 8.2% year-over-year. The company’s operating segments include Client Solutions, Enterprise Solutions Group, and Dell Software Group.
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a84e3fda-1278-4e06-8de9-beb5e1a516a6
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725749.0
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2022-06-09 00:00:00 UTC
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World Reimagined: The Potential of Smart Cities
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DELL
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https://www.nasdaq.com/articles/world-reimagined%3A-the-potential-of-smart-cities
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nan
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nan
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T
he past few years have been a bit more challenging, to put it mildly. Local organizations have been amongst the most disrupted as managing the various aspects of the pandemic like the accelerated need for digital transformation often occurred at the local level. As it turns out, around 45% of government organizations were ill-prepared for the challenges of the pandemic. This has resulted in an increased push towards improving local infrastructure and with it, the evolution of smart cities that can better manage challenging conditions and be more attractive to potential residents as more employers offer remote work options and flexibility.
What is a smart city?
Smart cities (also referred to as eco-cities or sustainable cities) use technology to improve efficiency and sustainability and to provide a better quality of life for their residents. This means improved traffic management, waste removal, resource management and security. A smart city uses information and communication technologies to improve its livability, workability and sustainability. If this is the kind of thing that really floats your boat and you are into rankings (or are considering moving), check out the Smart Cities Index (2021 Full Report), which rates cities around the world. Spoiler alert: London won again.
Dublin, Ireland is as an example of just what a smart city can offer. In 2015, Dublin City Council implemented the Mayflower Central Management System to integrate city-wide smart sensors and applications. The system monitors the noise level of cars on the streets, CO2 emissions, the energy consumption of street lighting, weather conditions, and even groundwater levels as the city is vulnerable to flooding. In 2016, the Smart Dublin initiative was created to explore new technology and working practices to improve the quality of life for the citizens of Dublin and future-proof the city. The result is a city where people are safer walking at night, cars consume less fuel which reduces pollution levels and optimal locations are created for new schools, hospitals and homes.
Do we need smart cities?
In 1800, less than 10% of people lived in urban areas but according to the UN World Urbanization Prospects, urban populations overtook the total in rural areas by 2007, and today, over half of the world’s population (around 55%) live in urban areas. By 2050 that proportion is expected to increase to 68%, adding another 2.5 billion to urban areas. By 2030, the world is expected to have 43 megacities with over 10 million inhabitants, most of them in developing regions.
With the human population becoming increasingly urbanized, economic and environmental success will largely depend on what happens within cities and how they manage resource constraints. We also don’t want billions of people going bonkers from the stresses of city life. As Jesse Berst, founder of the Smart Cities Council put it, “If cities are our best hope for a better future, smart technologies are the path to that better future."
Aside from the environmental and livability concerns, the pandemic acutely and painfully highlighted the dangers of working in silos, leading experts at the World Economic Forum to suggest that global data governance and data exchanges be at the core of smart city ecosystems, another tailwind for technology infrastructure spend. In addition, with fertility rates plummeting in the developed world, the competition for talent will intensify. Already, the U.K. announced last month that it will grant visas to graduates and their families from top universities around the world.
Why is this an investment opportunity?
The Internet of Things (IoT) is today growing at an accelerating pace within smart cities. While estimates vary depending on the organization, the growth in smart city spending is expected to be profound.
According to the SmartAmerica Challenge, city governments in the United States alone will invest around $41 trillion over the next 20 years to upgrade their infrastructure and take advantage of IoT solutions.
A recent report from Research and Markets indicates that globally, the smart cities market is likely to grow at a CAGR of over 20%, reaching 2.5% trillion by 2025. This growth is driven by increasing urbanization worldwide and rising technology spending on smart city programs as well as infrastructure development.
Markets & Markets predicts a CAGR of around 19% as the global IoT in smart cities grows from $130.6 billion in 2021 to $312.2 billion by 2026.
International Data Corporation expects direct digital transformation (DX) investments to total $6.8 trillion between 2020 and 2023.
Grandview Research predicts that by 2030, the global smart cities market will reach nearly $7 trillion, which translates into a CAGR of around 24%.
Companies investing in smart city technology
Given the level of public debt around the world, funding smart city development is a challenge. Many cities are developing public-private partnerships, such as Siemens’ (SIEGY) $600 million investment in Berlin. The Siemensstadt “Siemens City” is Siemens’ largest investment in its history, covers 70 hectares (about 173 acres), and is expected to “transform a large industrial area into a modern, urban district of the future for a diverse range of purposes.” Siemens smart city offerings range from MindSphere Application Centers implemented in Hong Kong, Singapore, and Dubai to resilient resource management to infrastructure financing.
OneMind Technologies, a subsidiary of Affluence Corporation (AFFU), is partnering with Dell Technologies (DELL) and Orange Business Services to deliver comprehensive data to city decision-makers. Click here for an interview with James Honan, CEO of Affluence, discussing IoT and smart city technology.
Digging more into the details of just what is being done and how, smart city devices are being used to make everyday tasks easier and more efficient while at the same time reducing the pain points around public safety, traffic congestion and environmental impact.
Resource Management
As the world looks to get a lot smarter about energy generation and consumption, “smart meter” IoT devices are being used by utility companies to better manage energy flow and to allow users to monitor their own consumption. According to Insider Intelligence, utility companies will save $157 billion by 2035 from the implementation of smart meters. Companies such as Cisco Systems (CSCO), General Electric (GE), IBM (IBM), Microsoft (MSFT) and Schneider Electric (SBGSY) offer various “smart grid” solutions.
One of the biggest problems with power grids around the world is just how highly centralized they are. To increase capacity and resiliency, smart grid technology is shifting towards a more distributed model wherein customers generate some of their own power through the use of solar panels and sell any excess back to the grid. The distributed grids also include household/business storage units that are connected to the city’s grid. These batteries can reduce demand during peak hours by storing energy during low usage hours. Companies such as Tesla (TSLA), Generac (GNRC) and Panasonic (PCRFF) offer residential and business battery solutions.
No natural resource is quite as precious as water and with nearly one-fifth of the world’s population living in areas of physical scarcity, this is yet another area with considerable innovation, from rainwater management to water reclamation and even rapid leak detection. Companies like IBM, Microsoft, Evoqua Water Technologies Corp (AQUA), Xylem (XYL), and Ecolab (ECL) provide a range of water management solutions.
Waste Removal
Anyone who has been caught behind a trash truck can attest that the odiferous vehicular behemoths can cause serious traffic congestion, along with a desire to shove an air freshener up one’s nose. Smart solutions monitor bin levels which can be used by waste management companies, in conjunction with traffic monitoring tech, to identify the least disruptive and most efficient pick-up routes and prevent overflow from contaminating surrounding areas.
Smart bins, such as those from Bin-e, can take human error out of the initial sorting process using AI-based recognition system, lowering waste management costs by as much as 80%. The Evo bin by EvoEco educates and “motivates” users to properly dispose of their trash in the correct bin. Others like the Bigbelly system from MassTrans use solar power to send out an alert when it is full and compacts waste internally to reduce pickup frequency. Rubicon Technologies, which is expected to go public through a merger with Founder SPAC (FOUN), is using technology to end waste by using AI to improve waste management and increase recycling. Then there is the route South Korea took when constructing the city of Songdo. All the city’s trash is transported via an underground pneumatic pipe system to a plant where it is separated and either recycled or burned for energy.
Transportation Management
In 2014, Westminster, London implemented SmartPark from Smart Parking Limited (ASX:SPZ), which allows drivers to quickly locate open parking spaces, rather than driving around endlessly, adding to congestion and infuriating fellow drivers.
To reduce congestion and emissions, Pittsburgh implemented Rapid Flow Technologies Scalable Urban Traffic Control (Surtrac). Surtrac is an AI/robotic system that treats the intersection control challenge in a whole new way - as a single machine scheduling problem. According to Rapid Flow, Surtrac’s implementation has gotten people to their destination 25% faster, with 40% fewer stops, resulting in an overall reduction in emission of 20%. What’s not to like? Rapid Flow reportedly plans to release a platform called Routecast that will be fully deployed in the fall of 2022 that can save drivers as much as 10-12 seconds per intersection, up from the 4 to 6 with its current product.
The bottom line is that more and more of us are going to be living in urban environments that are likely to be increasingly dense, and without smart-tech, congested and polluted. Economic and environmental success and frankly, our collective sanity, will require these urban areas to get a whole lot smarter and that is a world worth reimagining.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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OneMind Technologies, a subsidiary of Affluence Corporation (AFFU), is partnering with Dell Technologies (DELL) and Orange Business Services to deliver comprehensive data to city decision-makers. This has resulted in an increased push towards improving local infrastructure and with it, the evolution of smart cities that can better manage challenging conditions and be more attractive to potential residents as more employers offer remote work options and flexibility. The result is a city where people are safer walking at night, cars consume less fuel which reduces pollution levels and optimal locations are created for new schools, hospitals and homes.
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OneMind Technologies, a subsidiary of Affluence Corporation (AFFU), is partnering with Dell Technologies (DELL) and Orange Business Services to deliver comprehensive data to city decision-makers. Markets & Markets predicts a CAGR of around 19% as the global IoT in smart cities grows from $130.6 billion in 2021 to $312.2 billion by 2026. International Data Corporation expects direct digital transformation (DX) investments to total $6.8 trillion between 2020 and 2023. Resource Management As the world looks to get a lot smarter about energy generation and consumption, “smart meter” IoT devices are being used by utility companies to better manage energy flow and to allow users to monitor their own consumption.
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OneMind Technologies, a subsidiary of Affluence Corporation (AFFU), is partnering with Dell Technologies (DELL) and Orange Business Services to deliver comprehensive data to city decision-makers. As Jesse Berst, founder of the Smart Cities Council put it, “If cities are our best hope for a better future, smart technologies are the path to that better future." Companies investing in smart city technology Given the level of public debt around the world, funding smart city development is a challenge.
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OneMind Technologies, a subsidiary of Affluence Corporation (AFFU), is partnering with Dell Technologies (DELL) and Orange Business Services to deliver comprehensive data to city decision-makers. What is a smart city? Do we need smart cities?
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df08797c-94d8-403a-9d0f-dc1e8e384754
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725750.0
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2022-06-08 00:00:00 UTC
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Daily Dividend Report: CAT,RCII,DELL,ACM,GEF
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DELL
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https://www.nasdaq.com/articles/daily-dividend-report%3A-catrciidellacmgef
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nan
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nan
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The Board of Directors of Caterpillar voted today to raise the quarterly cash dividend by nine cents, an 8% increase, to one dollar and twenty cents per share of common stock, payable August 19, 2022, to shareholders of record at the close of business on July 20, 2022.
Since the company was formed, Caterpillar has paid a cash dividend every year and has paid a quarterly dividend since 1933. Caterpillar has paid higher annual dividends to shareholders for 28 consecutive years and is a member of the S&P 500 Dividend Aristocrat Index.
Rent-A-Center, a leading provider of technology driven, flexible, no debt obligation leasing solutions for consumers, today announced that its Board of Directors has approved a quarterly cash dividend of $0.34 for the third quarter of 2022. The dividend will be paid on July 12, 2022, to the Company's common stockholders of record as of the close of business on June 21, 2022.
Dell Technologies announces that its board of directors has declared a quarterly cash dividend of $0.33 per common share, which will be payable on July 29 to shareholders of record as of July 20. Dell began paying a quarterly cash dividend in April following board approval of a dividend policy in February of this year.
AECOM, the world's trusted infrastructure consulting firm, today announced that its Board of Directors has declared a quarterly cash dividend of $0.15 per share as part of its ongoing quarterly dividend program. The dividend is payable on July 22, 2022 to stockholders of record as of the close of business on July 6, 2022.
Greif, a global leader in industrial packaging products and services, announced today that its Board of Directors has declared quarterly cash dividends of $0.46 per share on its Class A Common Stock, and $0.69 per share on its Class B Common Stock. The dividends are payable on July 1, 2022, to stockholders of record at the close of business on June 17, 2022.
VIDEO: Daily Dividend Report: CAT,RCII,DELL,ACM,GEF
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies announces that its board of directors has declared a quarterly cash dividend of $0.33 per common share, which will be payable on July 29 to shareholders of record as of July 20. Dell began paying a quarterly cash dividend in April following board approval of a dividend policy in February of this year. VIDEO: Daily Dividend Report: CAT,RCII,DELL,ACM,GEF The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies announces that its board of directors has declared a quarterly cash dividend of $0.33 per common share, which will be payable on July 29 to shareholders of record as of July 20. Dell began paying a quarterly cash dividend in April following board approval of a dividend policy in February of this year. VIDEO: Daily Dividend Report: CAT,RCII,DELL,ACM,GEF The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies announces that its board of directors has declared a quarterly cash dividend of $0.33 per common share, which will be payable on July 29 to shareholders of record as of July 20. Dell began paying a quarterly cash dividend in April following board approval of a dividend policy in February of this year. VIDEO: Daily Dividend Report: CAT,RCII,DELL,ACM,GEF The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies announces that its board of directors has declared a quarterly cash dividend of $0.33 per common share, which will be payable on July 29 to shareholders of record as of July 20. Dell began paying a quarterly cash dividend in April following board approval of a dividend policy in February of this year. VIDEO: Daily Dividend Report: CAT,RCII,DELL,ACM,GEF The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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eb551eab-925e-4dcd-81f9-c3b125005548
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725751.0
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2022-06-08 00:00:00 UTC
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Will Apple (AAPL) Stock Rebound Post WWDC22 Announcements?
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DELL
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https://www.nasdaq.com/articles/will-apple-aapl-stock-rebound-post-wwdc22-announcements
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nan
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nan
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Apple’s AAPL latest announcements at this year’s Worldwide Developer’s Conference (WWDC) — iOS16, macOS Ventura, iPadOS 16, watchOS 9 and two Macbooks supported by new M2 chip — are likely to provide some relief to the battered stock.
Apple has been struggling so far in 2022 primarily due to coronavirus-induced supply-chain disruptions, industry-wide silicon shortage, unfavorable forex and the ongoing Russia-Ukraine conflict.
Shares of the iPhone-maker have been down 16.3% year to date although it has managed to outperform the Zacks Computer & Technology sector’s decline of 24.5%.
The near-term outlook is not enthusiastic, given the headwinds. Apple did not provide revenue guidance for the third quarter of fiscal 2022. Apple expects COVID-induced supply chain disruptions and the industry-wide silicon shortage to hurt the top line by $4-$8 billion. Unfavorable forex is also expected to hurt revenues by 300 basis points (bps).
Apple Inc. Price and Consensus
Apple Inc. price-consensus-chart | Apple Inc. Quote
Moreover, the absence of Russian revenues will hurt the top line by 150 bps. Apple paused all sales in Russia during the fiscal second quarter (March quarter).
WWDC22 Announcements – Brief Overview
Apple’s WWDC22 witnessed the unveiling of usual upgrades to all of its operating systems.
The upcoming iOS 16 allows iPhone users to personalize their lock screens by using photos, emojis and favorite color combinations, along with customized widgets. Apple has redesigned notifications to roll up from the bottom. iOS16 offers Live Activities — a new feature that will notify users about events that are happening in real time right from the lock screen.
Apple unveiled macOS Ventura, which features Stage Manager. This enables Mac users to stay focused on the task in front of them while smoothly navigating between apps and windows. Handoff will now be available for FaceTime, allowing users to start a FaceTime call on their iPhone or iPad and seamlessly pass it over to their Mac. Apple also upgraded the security of Safari with the addition of passkeys, which are unique digital keys that stay on devices and are never stored on a web server. This reduces chances of hacking.
Apple previewed iPadOS 16 also offers Stage Manager feature, which helps in creating a personalized workspace and seamlessly moving between multiple overlapping apps. Per Apple, “New pro features — including Reference Mode and Display Zoom — make iPad an even more powerful mobile studio.”
watchOS9 will offer more customizable watch faces, an enhanced workout app, sleep stages and an all-new medications app. It will also offer a new FDA-cleared AFib History feature that provides deeper insights into a user’s medical conditions.
In terms of hardware, Apple unveiled a completely redesigned MacBook Air and an updated 13-inch MacBook Pro, both powered by the new M2 chip.
The M2 chip, built using second-generation five-nanometer technology, offers an 18% faster CPU, a 35% more powerful GPU and a 40% faster Neural Engine (compared with M1). It also delivers 50% more memory bandwidth compared to M1 and up to 24GB of fast, unified memory.
Strong Demand for Devices & Services to Aid Top Line
Undoubtedly, the new features announced in WWDC 2022 will boost demand Apple’s devices including iPhone, iPad, Mac and Watch.
The new M2-chips are expected to boost demand for new MacBook Air and MacBook Pro, thereby improving Apple’s competitive position against the likes of Lenovo, Dell Technologies DELL and HP HPQ.
Per Gartner, worldwide PC shipments in the first quarter of 2022 witnessed a year-over-year decrease of 6.8%, reaching 77.9 million units. Both Lenovo and HP witnessed decline in market share, while Dell and Apple’s shares gained.
Dell, Apple and ASUS were the only vendors that witnessed shipment growth. Dell shipped 13.804 million units, witnessing 6.1% year-over-year growth in the first quarter of 2022, per the Gartner report.
Apple shipped 7.005 million units, witnessing 8.6% year-over-year growth. HP shipped 15.863 million units, down 17.8% year over year.
Moreover, the new watchOS9 updates will strengthen Apple Watch’s features, helping it steer off competition from the likes of Garmin GRMN, which has been constantly innovating in this domain.
Garmin recently unveiled a running smartwatch called the Forerunner 955 Solar with solar charging capability. The latest device expands Garmin’s portfolio of fitness offerings, adding strength to the fitness segment.
Meanwhile, the Services portfolio has emerged as Apple’s new cash cow. This Zacks Rank #3 (Hold) company had more than 825 million paid subscribers across its Services portfolio at the end of fiscal second quarter. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Growing adoption of services like Apple TV+, Apple Arcade, Apple News+, Apple Card and Apple Fitness+ drives Services' revenue growth, which is expected to be in strong double digits for the June quarter.
In the second quarter of fiscal 2022, Apple’s Services revenues grew 17.3% from the year-ago quarter to $19.82 billion and accounted for 20.4% of sales.
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See 5 EV Stocks With Extreme Upside Potential >>
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Apple Inc. (AAPL): Free Stock Analysis Report
HP Inc. (HPQ): Free Stock Analysis Report
Garmin Ltd. (GRMN): Free Stock Analysis Report
Dell Technologies Inc. (DELL): 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 new M2-chips are expected to boost demand for new MacBook Air and MacBook Pro, thereby improving Apple’s competitive position against the likes of Lenovo, Dell Technologies DELL and HP HPQ. Both Lenovo and HP witnessed decline in market share, while Dell and Apple’s shares gained. Dell, Apple and ASUS were the only vendors that witnessed shipment growth.
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The new M2-chips are expected to boost demand for new MacBook Air and MacBook Pro, thereby improving Apple’s competitive position against the likes of Lenovo, Dell Technologies DELL and HP HPQ. Both Lenovo and HP witnessed decline in market share, while Dell and Apple’s shares gained. Dell, Apple and ASUS were the only vendors that witnessed shipment growth.
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The new M2-chips are expected to boost demand for new MacBook Air and MacBook Pro, thereby improving Apple’s competitive position against the likes of Lenovo, Dell Technologies DELL and HP HPQ. Both Lenovo and HP witnessed decline in market share, while Dell and Apple’s shares gained. Dell, Apple and ASUS were the only vendors that witnessed shipment growth.
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Dell shipped 13.804 million units, witnessing 6.1% year-over-year growth in the first quarter of 2022, per the Gartner report. The new M2-chips are expected to boost demand for new MacBook Air and MacBook Pro, thereby improving Apple’s competitive position against the likes of Lenovo, Dell Technologies DELL and HP HPQ. Both Lenovo and HP witnessed decline in market share, while Dell and Apple’s shares gained.
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fc10ae14-5570-4fd7-bee9-8ac8631d1223
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725752.0
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2022-06-08 00:00:00 UTC
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Data security firm Immuta valued at $1 billion after latest fundraise
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DELL
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https://www.nasdaq.com/articles/data-security-firm-immuta-valued-at-%241-billion-after-latest-fundraise
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nan
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nan
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By Manya Saini
June 8 (Reuters) - Data security firm Immuta said on Wednesday it was valued at $1 billion after a $100 million late-stage funding round led by venture capital firm NightDragon.
Cyber security companies, such as Immuta, Axonius and Securonix, have attracted investor interest recently due to strong demand for their services as businesses adopt a hybrid work model globally due to the COVID-19 pandemic.
Immuta, founded in 2015, offers a platform to help businesses automate data access control, security, privacy and compliance requirements.
"Companies are grappling with rising data volumes that are becoming more distributed, making it difficult for them to control access, ensure compliance and safely share data," NightDragon founder Dave DeWalt said, adding that Immuta was minimizing risks of data leaks.
The company's customers include the U.S. Army, luxury automaker Mercedes-Benz Group MBGn.DE and financial services firm S&P Global Inc SPGI.N.
Immuta said it would use the new funds to accelerate product development and grow its marketing team to expand its footprint internationally.
"We are also exploring strategic M&A opportunities as we expect more industry consolidation," said Matthew Carroll, co-founder and chief executive officer of Immuta.
Several startups have turned to venture capital funding in recent months as public equity markets are reeling under pressure from the Ukraine conflict and aggressive moves from central banks to tame stubbornly high inflation.
In the first quarter this year, nearly 4,822 venture capital deals were completed in the United States, marking the highest number of closed transactions in any quarter on record, according to data from Pitchbook.
Other investors in Immuta's Series E round include Snowflake Ventures SNOW.N, Dell Technologies DELL.N, DFJ Growth, Intel Corporation INTC.O and Wipro Ltd WIPR.NS.
It has raised $267 million in total capital so far.
(Reporting by Manya Saini and Niket Nishant in Bengaluru; Editing by Amy Caren Daniel)
((Manya.Saini@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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Other investors in Immuta's Series E round include Snowflake Ventures SNOW.N, Dell Technologies DELL.N, DFJ Growth, Intel Corporation INTC.O and Wipro Ltd WIPR.NS. Immuta, founded in 2015, offers a platform to help businesses automate data access control, security, privacy and compliance requirements. Several startups have turned to venture capital funding in recent months as public equity markets are reeling under pressure from the Ukraine conflict and aggressive moves from central banks to tame stubbornly high inflation.
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Other investors in Immuta's Series E round include Snowflake Ventures SNOW.N, Dell Technologies DELL.N, DFJ Growth, Intel Corporation INTC.O and Wipro Ltd WIPR.NS. By Manya Saini June 8 (Reuters) - Data security firm Immuta said on Wednesday it was valued at $1 billion after a $100 million late-stage funding round led by venture capital firm NightDragon. Immuta, founded in 2015, offers a platform to help businesses automate data access control, security, privacy and compliance requirements.
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Other investors in Immuta's Series E round include Snowflake Ventures SNOW.N, Dell Technologies DELL.N, DFJ Growth, Intel Corporation INTC.O and Wipro Ltd WIPR.NS. By Manya Saini June 8 (Reuters) - Data security firm Immuta said on Wednesday it was valued at $1 billion after a $100 million late-stage funding round led by venture capital firm NightDragon. Cyber security companies, such as Immuta, Axonius and Securonix, have attracted investor interest recently due to strong demand for their services as businesses adopt a hybrid work model globally due to the COVID-19 pandemic.
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Other investors in Immuta's Series E round include Snowflake Ventures SNOW.N, Dell Technologies DELL.N, DFJ Growth, Intel Corporation INTC.O and Wipro Ltd WIPR.NS. By Manya Saini June 8 (Reuters) - Data security firm Immuta said on Wednesday it was valued at $1 billion after a $100 million late-stage funding round led by venture capital firm NightDragon. Immuta, founded in 2015, offers a platform to help businesses automate data access control, security, privacy and compliance requirements.
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8367c87c-e3b7-4a9f-a5dd-cbf141823de0
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725753.0
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2022-06-08 00:00:00 UTC
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Microsoft cuts Russia operations due to Ukraine invasion - Bloomberg News
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DELL
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https://www.nasdaq.com/articles/microsoft-cuts-russia-operations-due-to-ukraine-invasion-bloomberg-news
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nan
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nan
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Adds details from report, background
June 8 (Reuters) - Microsoft Corp MSFT.O is substantially cutting its business in Russia in response to Moscow's invasion of Ukraine, Bloomberg News reported on Wednesday.
Earlier in March, Microsoft said it was suspending new sales of its products and services in Russia.
The company did not immediately respond to a Reuters request for comment.
More than 400 employees will be affected, the report said, citing a company spokesperson.
Several major companies, including Apple Inc AAPL.O, Nike NKE.N and Dell Technologies DELL.N, have severed connections with Russia.
Facebook-owner Meta Platforms Inc FB.O and Alphabet Inc's GOOGL.O Google have also taken measures to restrict Russian state media from making money off ads on their platforms.
(Reporting by Tiyashi Datta in Bengaluru; Editing by Anil D'Silva and Devika Syamnath)
((tiyashi.datta@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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Several major companies, including Apple Inc AAPL.O, Nike NKE.N and Dell Technologies DELL.N, have severed connections with Russia. Adds details from report, background June 8 (Reuters) - Microsoft Corp MSFT.O is substantially cutting its business in Russia in response to Moscow's invasion of Ukraine, Bloomberg News reported on Wednesday. Earlier in March, Microsoft said it was suspending new sales of its products and services in Russia.
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Several major companies, including Apple Inc AAPL.O, Nike NKE.N and Dell Technologies DELL.N, have severed connections with Russia. Adds details from report, background June 8 (Reuters) - Microsoft Corp MSFT.O is substantially cutting its business in Russia in response to Moscow's invasion of Ukraine, Bloomberg News reported on Wednesday. More than 400 employees will be affected, the report said, citing a company spokesperson.
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Several major companies, including Apple Inc AAPL.O, Nike NKE.N and Dell Technologies DELL.N, have severed connections with Russia. Adds details from report, background June 8 (Reuters) - Microsoft Corp MSFT.O is substantially cutting its business in Russia in response to Moscow's invasion of Ukraine, Bloomberg News reported on Wednesday. Facebook-owner Meta Platforms Inc FB.O and Alphabet Inc's GOOGL.O Google have also taken measures to restrict Russian state media from making money off ads on their platforms.
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Several major companies, including Apple Inc AAPL.O, Nike NKE.N and Dell Technologies DELL.N, have severed connections with Russia. Adds details from report, background June 8 (Reuters) - Microsoft Corp MSFT.O is substantially cutting its business in Russia in response to Moscow's invasion of Ukraine, Bloomberg News reported on Wednesday. Earlier in March, Microsoft said it was suspending new sales of its products and services in Russia.
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371fdfb2-6b8c-4b97-ab24-58c98a6420cd
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725754.0
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2022-06-06 00:00:00 UTC
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VMware's (VMW) New Solution to Aid in Multi-Cloud Security
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DELL
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https://www.nasdaq.com/articles/vmwares-vmw-new-solution-to-aid-in-multi-cloud-security
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nan
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nan
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VMware VMW recently launched Contexa, a threat intelligence cloud that discovers lateral network traffic. The new technology will be available across all of its security offerings for existing and new customers.
Detecting lateral networks is essential to protecting data in cloud infrastructure. Lateral movement is a technology typically utilized by cyber attackers to move deeper into a network after they have gained initial access, and it remains undiscovered for months or even years.
VMware claims that Contexa, which is an amalgamation of all their different intelligence clouds, is more likely to discover lateral network traffic than current security information and event management (SIEM) and extended detection and response (XDR) solutions.
VMWare operates across multi-clouds, which gives it access to raw data unlike SIEM or XDR and aids VMware Contexa in monitoring its hybrid, public and private clouds through VMware NSX, VMware Workspace and Carbon Black.
VMware, Inc. Price and Consensus
VMware, Inc. price-consensus-chart | VMware, Inc. Quote
Product Portfolio Expansion to Drive Top Line
VMware has been consistently undertaking initiatives to diversify its product portfolio to include most aspects of the global IT infrastructure.
As such VMware’s launch of new solutions like Contexa, along with enhancements to its Modern Apps Connectivity Services and Workspace One, are expected to drive revenues over the long term.
Companies like Wipro Limited WIT are expected to benefit significantly from the launch of the new analytics technology Contexa.
Wipro has recently expanded its collaboration with VMware to help customers move data to the cloud at a reduced cost and operate in a multi-cloud infrastructure.
With the recent launch of Contexa, customers using Wipro FullStride cloud services in collaboration with VMware Cross-Cloud Services will be able to avail of its security services for no additional cost and protect data while operating in a multi-cloud architecture.
To cover most aspects of the IT infrastructure, VMware has been strategically building partnerships with companies, including Amazon’s AMZN AWS and Dell Technologies DELL, to provide various services.
VMware and AWS have expanded their partnership, which now enables the latter to resell VMware Cloud on its platform. VMware Cloud on AWS is now available in more than 17 regions globally.
Dell has been promoting VMware’s Carbon Black Cloud solutions, along with Dell Trusted Devices and Secureworks, as the preferred endpoint security solution to its commercial customers.
The partnership with Dell is driving VMware’s storage and availability business in the SDDC segment.
VMware, which currently carries a Zacks Rank #3 (Hold), reported first-quarter fiscal 2023 revenues of $3.09 billion, which improved 3.1% on a year-over-year basis. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Broadcom has recently announced that the company will acquire all of the outstanding shares of VMware in a cash-and-stock transaction that values VMware at approximately $61 billion.
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Amazon.com, Inc. (AMZN): Free Stock Analysis Report
VMware, Inc. (VMW): Free Stock Analysis Report
Wipro Limited (WIT): Free Stock Analysis Report
Dell Technologies Inc. (DELL): 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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To cover most aspects of the IT infrastructure, VMware has been strategically building partnerships with companies, including Amazon’s AMZN AWS and Dell Technologies DELL, to provide various services. Dell has been promoting VMware’s Carbon Black Cloud solutions, along with Dell Trusted Devices and Secureworks, as the preferred endpoint security solution to its commercial customers. The partnership with Dell is driving VMware’s storage and availability business in the SDDC segment.
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Dell Technologies Inc. (DELL): Free Stock Analysis Report To cover most aspects of the IT infrastructure, VMware has been strategically building partnerships with companies, including Amazon’s AMZN AWS and Dell Technologies DELL, to provide various services. Dell has been promoting VMware’s Carbon Black Cloud solutions, along with Dell Trusted Devices and Secureworks, as the preferred endpoint security solution to its commercial customers.
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To cover most aspects of the IT infrastructure, VMware has been strategically building partnerships with companies, including Amazon’s AMZN AWS and Dell Technologies DELL, to provide various services. Dell has been promoting VMware’s Carbon Black Cloud solutions, along with Dell Trusted Devices and Secureworks, as the preferred endpoint security solution to its commercial customers. The partnership with Dell is driving VMware’s storage and availability business in the SDDC segment.
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To cover most aspects of the IT infrastructure, VMware has been strategically building partnerships with companies, including Amazon’s AMZN AWS and Dell Technologies DELL, to provide various services. Dell has been promoting VMware’s Carbon Black Cloud solutions, along with Dell Trusted Devices and Secureworks, as the preferred endpoint security solution to its commercial customers. The partnership with Dell is driving VMware’s storage and availability business in the SDDC segment.
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0b58dced-6c47-47e3-9af8-42c9f309e309
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725755.0
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2022-06-02 00:00:00 UTC
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How Much Upside is Left in Dell Technologies (DELL)? Wall Street Analysts Think 30%
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DELL
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https://www.nasdaq.com/articles/how-much-upside-is-left-in-dell-technologies-dell-wall-street-analysts-think-30
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nan
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nan
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Shares of Dell Technologies (DELL) have gained 3.8% over the past four weeks to close the last trading session at $50.67, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $65.85 indicates a potential upside of 30%.
The average comprises 13 short-term price targets ranging from a low of $53 to a high of $121, with a standard deviation of $17.31. While the lowest estimate indicates an increase of 4.6% from the current price level, the most optimistic estimate points to a 138.8% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.
While the consensus price target is highly sought after by investors, the ability and unbiasedness of analysts in setting price targets have long been questionable. And investors making investment decisions solely based on this tool would arguably do themselves a disservice.
However, an impressive consensus price target is not the only factor that indicates a potential upside in DELL. This view is strengthened by the agreement among analysts that the company will report better earnings than what they estimated earlier. Though a positive trend in earnings estimate revisions doesn't give any idea as to how much the stock could surge, it has proven effective in predicting an upside.
Price, Consensus and EPS Surprise
Here's What You May Not Know About Analysts' Price Targets
According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.
While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?
They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.
However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.
Why DELL Could Witness a Solid Upside
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 to expect an upside in the stock. That's because empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current year, five estimates have moved higher over the last 30 days compared to no negative revision. As a result, the Zacks Consensus Estimate has increased 5.6%.
Moreover, DELL currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, while the consensus price target may not be a reliable indicator of how much DELL could gain, the direction of price movement it implies does appear to be a good guide.
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.
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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
Dell Technologies Inc. (DELL): 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 Dell Technologies (DELL) have gained 3.8% over the past four weeks to close the last trading session at $50.67, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. However, an impressive consensus price target is not the only factor that indicates a potential upside in DELL. Why DELL Could Witness a Solid Upside 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 to expect an upside in the stock.
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Shares of Dell Technologies (DELL) have gained 3.8% over the past four weeks to close the last trading session at $50.67, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. However, an impressive consensus price target is not the only factor that indicates a potential upside in DELL. Why DELL Could Witness a Solid Upside 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 to expect an upside in the stock.
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You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, while the consensus price target may not be a reliable indicator of how much DELL could gain, the direction of price movement it implies does appear to be a good guide. Shares of Dell Technologies (DELL) have gained 3.8% over the past four weeks to close the last trading session at $50.67, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. However, an impressive consensus price target is not the only factor that indicates a potential upside in DELL.
|
However, an impressive consensus price target is not the only factor that indicates a potential upside in DELL. Shares of Dell Technologies (DELL) have gained 3.8% over the past four weeks to close the last trading session at $50.67, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Why DELL Could Witness a Solid Upside 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 to expect an upside in the stock.
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8f93c1da-4b2d-47bd-a3e2-f0274ab4f64d
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725756.0
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2022-06-01 00:00:00 UTC
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Is This Pop Culture Merchandiser Worth Investing in?
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DELL
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https://www.nasdaq.com/articles/is-this-pop-culture-merchandiser-worth-investing-in
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nan
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nan
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In this podcast, Motley Fool senior analyst Jason Moser discusses:
Starbucks (NASDAQ: SBUX) becoming the latest U.S. business to exit Russia.
VMware (NYSE: VMW) shares popping 20% on reports it will be acquired by Broadcom (NASDAQ: AVGO).
The chances more companies with deep pockets will start buying companies at lower valuations.
Motley Fool analysts Nick Sciple and Asit Sharma take a closer look at Funko (NASDAQ: FNKO) and share some of the reasons they're feeling bullish about this pop culture company that is perhaps best known for bobbleheads.
To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks. A full transcript follows the video.
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This video was recorded on May 23, 2022.
Chris Hill: [MUSIC] A week ago when McDonald's announced it's leaving Russia and we asked who's next, today we got the answer, Motley Fool Money starts now. [MUSIC] I'm Chris Hill and I'm joined by Motley Fool Senior Analyst Jason Moser. Happy Monday.
Jason Moser: Hey. Happy Monday indeed.
Chris Hill: We have a Merger Monday ask story we're going to get to vote. Let's start with Starbucks. The coffee chain announced this morning it is leaving Russia and will no longer have any kind of brand presence there. Starbucks committed to paying its Russian workers for six months and helping them transition in new jobs. But from a financial standpoint, Jason, this is not going to have as big an impact as what we talked about last week with McDonald's because for Starbucks, it's a smaller store count and a smaller percentage of their annual revenue.
Jason Moser: Yeah, you're right. I think Starbucks was the example that we used when we were talking about McDonald's recently and thinking, is there another restaurant that will follow suit? Starbucks seemed like an obvious candidate, just giving them a chance to maybe weigh exactly what the reaction to McDonald's actions ultimately was. To me, this makes a lot of sense, following McDonald's lead, generally speaking right there, just look at this they figured, like we said, do you say worth the squeeze. When you look at Starbucks' presence in Russia, this is going to have a negligible impact on the business. I think it's something less than one percent of the company's overall revenue. Remember, when we were talking about McDonald's before, McDonald's in Russia where franchisees operate only 15 percent of the Russian locations the company owned, the rest when you look at Starbucks' presence there, that's all licensed locations.
This is not one of those situations where the company actually owns these stores, but again, less than one percent of revenue, it seems like a very easy decision to make when you look at the big picture. Generally speaking, I think most of the free world is quite opposed to what Russia is doing and rightly so, and so this is, I think, an opportunity for companies to take a little bit of a step back, assess not only where they're doing business and what makes the most sense from an economic perspective, but also what makes the most sense from just their core values perspective. I think with McDonald's, we talked about one of the core values there, being integrity and just doing the right thing, and Starbucks clearly a business that has been built on that type of framework as well. To me, this is a decision that it just feels like a no-brainer. They had suspended operations, I think, since March there, and this is really just putting a stamp on the envelope, so to speak.
Chris Hill: Where do you suppose the bar is now for businesses like McDonald's and Starbucks when thinking about entering new markets? I'm just thinking five years down the line or something, hopefully what's happening in Ukraine is long past the rearview mirror. Maybe someone else is in-charge instead of Vladimir Putin, and they're trying to woo the McDonald's and the Starbucks of the world back like no, no it's going to be better this time around. [LAUGHTER] Does it put these businesses a little bit more in the driver's seat in terms of terms that they can dictate or is that just negligible?
Jason Moser: I feel like it definitely puts the businesses in the driver's seat. They've shown that they don't need to do business there if they don't want to. It certainly depends on the location and perhaps the business and where they source whatever they are sourcing. But for the most part, I think this really is just a testament to the businesses holding more leverage in this case. They can say, "Hey listen, we just prefer to do business in a place that's going to stay on for the things that we stand for." It ultimately boils down to determining that line. This is a very easy line, I think for the most part, this is a very debatable issue.
I think that when you get in to the more debatable issues, that's when it becomes a trickier decision, and that's something that remains to be seen. But for the most part, I think, ultimately this puts the leadership of these countries on notice, the companies are going to say, "Listen, we're going to do business in countries that stand for this, that do this, that take these types of actions," and they ultimately, I think have the power whereas as opposed to the countries, particularly with leadership such as Russia and Putin today, it's just a very easy decision for most companies to say, "No, we don't really want to deal with you, you are way more trouble than you're worth," and until things change materially and sustainably, I think that's really one of the bigger point is that you need to be able to see a sustainable change. Not something that's just superficial, but something that's really more in-depth, and meaningful, and longer-lasting.
Chris Hill: Cloud computing business. VMware is reportedly in talks to be acquired by chipmaker Broadcom. The talks are ongoing, so we don't know what terms may be involved here, whether it's all cash or stock or a mix. That information not being available, however, is not stopping some investors because shares of VMware are up 20 percent on these reports. I guess we will see hopefully, in the coming days, if not weeks, whether or not this actually goes through. You and I were talking right before we started recording. Broadcom has grown in part through acquisition, so it is very much in the company's DNA in that sense. Maybe not that surprising that they would go after VMware.
Jason Moser: No, this does feel like it would be a complementary deal if they're able to pull it off. Broadcom being more of a semiconductor oriented business to your point there on growth via acquisitions. Broadcom certainly has grown via acquisitions over the last several years. You look at the business today, they have $43.5 billion in goodwill on the balance sheet, and that's basically doubled over the last five years. Ultimately, goodwill is just essentially overpaying for acquisitions. You're making acquisitions that represents what you pay beyond a fair deal, so to speak, about acquisition. Oftentimes we'll see companies over time, they'll write down a lot of that goodwill and that we can discuss that, debate that for another time. But ultimately, as you see that goodwill number continue to creep up, you have to, at least, keep an eye on that, because you start asking the question, is the company making good acquisitions? Is the company paying fair prices for these acquisitions?
With $43.5 billion of goodwill on the balance sheet, it's at least worth considering that, hey, maybe at some point Broadcom is going to write down some of that goodwill. Who knows, maybe they're making great acquisitions we'll have to wait and see. This to me, it seems like it could be actually a pretty good acquisition if it's able to happen. VMware, being a company that's more focused on becoming a multi-Cloud leader, they're focused more on the Cloud computing market opportunity, and that's something where Broadcom could really benefit. Multi-Cloud is ultimately just, it's that Cloud computing where an organization just utilizes a combination of Clouds, whether it's two or more public Clouds or private Clouds, a combination of public and private or Edge floods. It's ultimately bringing all of those Cloud resources together for their customers.
You look at how this has worked out for VMware and it's so far so good, the company is moving more and more toward a SaaS model, which is something we've seen a bit that's been obviously a big trend over the past several years. If you look at the breakdown of the fiscal year 2022 revenue, you had about 25 percent of the business' revenue, which was from licensing, 50 percent from servicing, and then 25 percent from SaaS, that's Software-as-a-Service. It continues to become more and more of a subscription in servicing that subscription model, and I think that's ultimately a good thing.
Given the direction the world is headed, given the tailwinds in the Cloud computing space, I absolutely understand Broadcom's interest here. It probably is not a bad time to consider doing a deal like this given where valuations are right now because if you hadn't heard, of course, we're in the middle of a bear market. [LAUGHTER] It's having a bit of an impact on some stock prices not all, but most. [laughs] So it's distinctly possible they could end up getting VMware for a very respectable price along with the fact that now that VMware, there was this big Dell relationship where Dell recently spun-off its VMware stake last November, so there's a little bit of uncertainty that's been resolved there. Maybe that's why this interest really is developing now. So yes, it remains to be seen whether this deal actually happens or not, but it does feel like it would be a complementary one for Broadcom, and I guess really then it just depends on what price they are willing to pay.
Chris Hill: Before I let you go, let's broaden this out a little bit. There are a lot of companies that, from a market cap standpoint, are less expensive than they were six months ago. There are also a lot of companies out there with cash on the balance sheet. Do you think we could be entering a period over the next 3-6 months where we see more deal-making going on, more acquisitions. It is not lost on me that there are no names attached to these reports. There are no analyst, there are no executives. I trust the reporting. If Reuters and CNBC are reporting this, I take them at their word. But it just makes me wonder if we're going to see this scenario play out multiple times over the next 3-6 months.
Jason Moser: It feels it should. It feels logic dictates that it should. I don't think it's going to be something where the obvious suspects are the acquirers. I don't think it's something where your Alphabets, and your Amazons, and your Microsofts, Microsoft is in the middle of trying to wrap up this Activision Blizzard deal, but for the most part, I feel those are the companies that are really under the microscope of regulators right now. Maybe there is this lower level echelon. Just that next step below, like your Broadcom's of the world, where they could get away with something like this without necessarily getting right there on regulators radars there.
It does feel it's something that should happen because you're right. Valuations have come down considerably. We live in a world right now where it feels every single headline is bad. [laughs] It really does feel that way. It just feels there's so much bad news out there right now that any spate of good news could really turn things around. It does feel there should be more interest in making some deals happen right now, particularly for those mid large cap companies that aren't necessarily on the radar of regulators. They have the financial resources, they have the wherewithal to get these deals done, and they don't necessarily have to worry about being on regulators radars. It'll definitely be interesting to see how the remainder of this year shakes out because if these market conditions persisted, and it feels they will at least for a little while, it definitely feels we can we can hear more news like this. [MUSIC]
Chris Hill: Jason Moser, thanks so much for being here.
Jason Moser: Thank you. [MUSIC]
Chris Hill: Enough talk about companies involved in Cloud computing and semiconductor chips. Can I interest you in a publicly traded business based on selling vinyl figurines? No, really. Nick Sciple and Asit Sharma are taking a closer look at Funko. Some fundamental reasons they're feeling bullish about bobbleheads and what a new investor group could mean for the company.
Nick Sciple: Welcome everybody. I'm Motley Fool Canada analyst Nick Sciple and I'm here today to talk about why Funko could be a fun company for your portfolio. Joining me to help me do that is Motley Fool analyst, Asit Sharma. Asit, how is it going?
Asit Sharma: Great, Nick. Good to see you and chat with you after a long time.
Nick Sciple: It's been a long time since we've been together in podcast land. It's great to be back here with you and we've got a fun company to talk about today. Funko. If folks aren't familiar with the company, you've probably seen their Funko pop [inaudible] , action figures, figurines in stores. Whether it's a bookstore or Target, or a place like GameStop, they're all over the place. They are one of the biggest pop culture merchandise providers, really, in the world. Asit, for folks who aren't familiar with Funko, what do they do?
Asit Sharma: I like to think of Funko as a company that bridges the physical and digital divide. Some stuff that we experience first digitally, so movies, music, and video games, bringing that into collectible format with their vinyl pop figures, their bobblehead figurines, and an array of other merchandise which includes backpacks, key chains, you name it. This is a company that has very deep partnerships with big intellectual property giants like Disney, Netflix, Warner Brothers, Activision Blizzard. They basically licensed the right to intellectual property and turnout these figurines, which they didn't distribute through big-box retailers, through their own direct commerce channel, and for their products like backpacks through stores and you can even buy them at Disney, which is a big part of this business.
Nick Sciple: Loungefly has been a growing part Funko's business. It's actually up to 16 percent of the business, up over 100 percent year-over-year in the most recent quarter, which is helping diversify the company's revenue. Traditionally, those Funko pop vinyl figures that you mentioned really drove the vast majority of the business and they still drive over half of the business today. Historically, there's been some concern just given that dependence on those Funko pop products and that being a single-product company that perhaps there's a little bit of a risk of Funko being a fad. However, they put up some really impressive growth numbers, Asit. What do you make of that potential fad risk, the dependence on the pop products and maybe prospects for diversification moving into the future?
Asit Sharma: Yeah. I think this is fair criticism of the company, even today if you look at their most recent quarter, their core collectible items make up about 2/3 of revenue. But as you mentioned, Nick, they've got now a good part of their business which comes from an acquisition they made of a company based in the UK, which is Loungefly, what we've been mentioning. They've got some other revenue streams that branch all the way into NFT sales, although no one should hang their hat on that as investment thesis. Call it gravy if they make that more significant part of the business.
These are some risks behind Funko, and I'll say this company has some other risks behind it that traditionally have made it a hard investment to really entertain. But those are falling away one-by-one. First, it had a very large debt load about five years ago. If you look at their net income on the books going all the way back to say, 2017, just the interest expense on their debt took out a big chunk of their earnings. They gradually paid down the debt to more reasonable levels, so it's not affecting their income statement as much and it's not quite the existential threat on their solvency or liquidity than it was in the past. Also, they had a big private equity investor, Acon investments, that at one point owned about 69 percent of this company. Over time that private equity group, which is actually pretty helpful in helping this company grow its business and diversify.
They've sold off their shares bit by bit. We're going to talk about this last buyer that's come to buy shares from Acon in just a moment here. But also want to mention they didn't have a wide enough distribution footprint. Management made the push to get into stores like Walmart and Target and to push their products globally. Another thing is they just really didn't have a great cost structure on the bottom line. But here you look today, they've just moved into a million square foot distribution center, not their headquarters, but their distribution operation. All fronts, this company is looking a lot more investable and I think it is an interesting play. But Nick, what about these most recent investments? So Acon is now selling most of its shares to another group, which is made up of some pretty interesting players.
Nick Sciple: Yeah, Asit. So if you look at the company today, some really promising growth numbers, 58 percent revenue growth year-over-year in 2021 of free cash flow, positive business, a business that's put some of those debt concerns behind it. And then again, you had this significant private equity investor, this overhang that we talked about sometimes when you have these large investors, well, on the same day that Funko reported its first quarter earnings, it reported that Acon was going to sell about 80 percent of its stake, a stake equivalent to 25 percent of Funko's business to an investment consortium led by, among others, The Chernin Group, which is led by Peter Chernin, a private equity investor that's invested in companies in the past like Barstool Sports and other member of that investment consortium was former Disney CEO Bob Iger, someone who probably knows a thing or two about the IP licensing business. And then lastly, Rich Paul, who is LeBron James' sports agent as well as significant super agent in the sports business. Since you had those investors buying a quarter of the company at $21 a share. If you look at where the company is trading today, it's about $19 a share, so we saw a little bit of value out there. It looks like these private equity folks did too. Then not only that, these are folks you could argue, can create potential additional value on top of just the value they recognized in the market at 21.
Asit Sharma: Yeah, I agree, Nick. This isn't your group of financial buyers who are just in there to see if they can squeeze some more out of the bottom line. These are pretty forceful personalities in the business world. They want to bring their talent and their bona fides to bear here with Funko, and they are also extremely well connected people who are used to the power of picking up the phone and getting deals done. I want to point out another investor who is actually not an individual but a company that's part of this consortium, which is eBay. eBay is now an investor in Funko, and the two companies have a new partnership where there will be a nice secondary market for Funko's products on eBay. The two companies will collaborate to create new products. Now, we didn't mentioned that one of the really fun parts of Funko is the fact that these collectibles can often rise in value. So having a secondary market on eBay only makes the whole proposition more valuable, although I should mention in the same breath, Funko's aim is to have products that are affordable to everyone. But what do you think about all these big hitters coming in, Nick? Do you think they will be able to add some juice to this revenue picture and help with some really great creation of IP or might this be just a little hype here?
Nick Sciple: Well, whether it's hype or not, it's something we'll have to find out, what results they produce. I will say I tend to follow the stuff that The Chernin Group does in the past. Again, Barstool Sports investment, they were really transformational in getting that company up to scale. They also have some other investments in the IP space Crunchyroll, Goldin Auctions which is just another kind of collectibles business. Obviously, Bob Iger, Disney, a huge driver of that side of the business. So I think there's lots of value to be created here as well. Then there's some pie in the sky stuff I'll mention. It's not something that I would build into the thesis or anything like that, but if you look back, I think it's 2019, there were some rumors that Warner Media was going to produce a Funko movie using the Funko IP, in the vein of what you've seen with the Transformers Movie or the Lego Movie or the Trolls Movie, that sort of thing.
I could see with folks like Bob Iger, and The Chernin Group has actually been involved in the movie production business as well, those folks get involved, maybe that makes that type of optionality more likely. But in any event, you have really smart savvy investors that know a thing or two about the IP licensing business that have recognized Funko as a smart place to put their money in. Listen, The Chernin Group is a private equity company, they're in the business of making money, they're not buying it just to be flashy. To the extent, it's hype, they put real dollars buying this, trying to make real money. So I think these folks are smart, and listen, I thought the stock was attractive even before that investment took place. It's always nice to get a little bit of confirmation bias too.
Asit Sharma: Yeah, this is a company that looked like a value stock before and still does in some ways, even though it's had a nice pop there's a pun for you who are fans of the company. A nice pop after the announcement with the first-quarter earnings that you mentioned. I'll also say too that this is a fun type of private equity investment because while you do have that PE angle, which is all about making the money, there's a lot of creative energy here. For Funko, that's like oxygen for this company, they spent the last several years figuring out their distribution, getting their costs under control, getting that distribution that I talked about. Now, it's time to capitalize on creative ideas and partnerships they can build. I think all this is good. Any risks to the investment thesis that you see, Nick?
Nick Sciple: Well, one of the big ones is they don't own the IP. To a certain extent, whether it's Loungefly or Funko pops, they own the design for the bag, they don't own the IP that's going in to creating those products. The relationships they have with those other parties are foundational to the business. Maintaining those relationships is always going to be a key. That's one risk that pops to mind for me. What about you, Asit?
Asit Sharma: I see a lot of the risks that I worried over in the past to slowly melt it away. I talked about the balance sheet risks and the fact that they were controlled by this other group and that gradually diminished. Now the replacement group looks pretty capable, will help revenue and earnings as well. But in the near-term, you could see a little bit of deceleration from this very nice pace of revenue growth they've been enjoying. If we go into recession, that obviously hits that consumer discretionary spend. Some would argue that because Funko's products are very accessible, maybe they don't lose that much.
Maybe people choose to buy some Funko collectibles after they've been forced to stay home and not take that vacation because of inflation. That's yet to be seen, but that's a near-term risk. Longer-term is to ever present risk that people will just change the way they consume their pop culture. For the longest time, Funko has benefited from what they call Evergreen Properties. Properties like Star Wars, Harry Potter, the NFL, these deals that enable them to keep churning out products that never go out of style. It could be that in the future, the younger-generation moves to more digital products for collectibles. But here again, we mentioned they are getting a toehold in the NFT markets. So at least they'll be able to maybe compensate if that risk of the physical product does become more prominent in the coming years.
Nick Sciple: Yeah, I will say one thing if you look at the consumer and potential slowdowns as a result of consumer weakening. One of the areas that I think about that's probably a place that's a big demand driver for this type of fandom based pop culture content is Comic Cons and those types of conventions, if you think about it, San Diego Comic Con is the biggest one that's been canceled the past two years. While there are some headwinds when it comes to inflation, potentially weakening consumer. There are some tailwinds when it comes to reopening and then some of these traditional demand drivers for these types of collectible products opening backup.
Asit Sharma: So before we leave, Nick, I've hinted at this, but I'll ask it as if I didn't know. Do you or anyone in your family own any Funko products?
Nick Sciple: Yes. So we don't own any of the Funko pop figurines, but we own three or four of the Funko Loungefly bags. We've got a Marie one from the Aristocats, and we've also got ones with the little mice from Cinderella. Whenever we go on hikes in the park or actually went to Disneyland, Paris a month or two ago, those bags come with us. So yeah, we represent a little bit.
Asit Sharma: Awesome, yeah, I have some in my house as well. Now, I personally don't own any products, but my three sons love their bobblehead Star Wars product. Especially my oldest, he collected a few after he went to college. My two younger sons took his passport photo [MUSIC] and taped it on the front of the bobblehead doll. You can't see it now, because we're taping and this is a radio-type show, but I'm showing it to Nick. When we walk by, we tap the top of the bobblehead now, almost like, "Hey, call home."
Chris Hill: As always, people on the program may have interest in the stocks they talk about, and The Motley Fool may have formal recommendations for or against, so don't buy or sell stocks based solely on what you hear. I'm Chris Hill, thanks for listening. We'll see you tomorrow.
John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Asit Sharma has positions in Funko, Inc., McDonald's, Microsoft, and Walt Disney. Chris Hill has positions in Activision Blizzard, Alphabet (A shares), Alphabet (C shares), Amazon, Microsoft, Starbucks, Target, Walt Disney, and eBay. Jason Moser has positions in Alphabet (C shares), Amazon, Starbucks, and Walt Disney. Nick Sciple has positions in Alphabet (C shares) and Microsoft. The Motley Fool has positions in and recommends Activision Blizzard, Alphabet (A shares), Alphabet (C shares), Amazon, Dell Technologies Inc., Funko, Inc., Microsoft, Netflix, Starbucks, and Walt Disney. The Motley Fool recommends Broadcom Ltd, Target, VMware, and eBay and recommends the following options: long January 2024 $145 calls on Walt Disney, short January 2024 $155 calls on Walt Disney, short July 2022 $57.50 calls on eBay, and short July 2022 $85 calls on Starbucks. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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[laughs] So it's distinctly possible they could end up getting VMware for a very respectable price along with the fact that now that VMware, there was this big Dell relationship where Dell recently spun-off its VMware stake last November, so there's a little bit of uncertainty that's been resolved there. The Motley Fool has positions in and recommends Activision Blizzard, Alphabet (A shares), Alphabet (C shares), Amazon, Dell Technologies Inc., Funko, Inc., Microsoft, Netflix, Starbucks, and Walt Disney. Motley Fool analysts Nick Sciple and Asit Sharma take a closer look at Funko (NASDAQ: FNKO) and share some of the reasons they're feeling bullish about this pop culture company that is perhaps best known for bobbleheads.
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The Motley Fool has positions in and recommends Activision Blizzard, Alphabet (A shares), Alphabet (C shares), Amazon, Dell Technologies Inc., Funko, Inc., Microsoft, Netflix, Starbucks, and Walt Disney. [laughs] So it's distinctly possible they could end up getting VMware for a very respectable price along with the fact that now that VMware, there was this big Dell relationship where Dell recently spun-off its VMware stake last November, so there's a little bit of uncertainty that's been resolved there. Chris Hill has positions in Activision Blizzard, Alphabet (A shares), Alphabet (C shares), Amazon, Microsoft, Starbucks, Target, Walt Disney, and eBay.
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[laughs] So it's distinctly possible they could end up getting VMware for a very respectable price along with the fact that now that VMware, there was this big Dell relationship where Dell recently spun-off its VMware stake last November, so there's a little bit of uncertainty that's been resolved there. The Motley Fool has positions in and recommends Activision Blizzard, Alphabet (A shares), Alphabet (C shares), Amazon, Dell Technologies Inc., Funko, Inc., Microsoft, Netflix, Starbucks, and Walt Disney. Motley Fool analysts Nick Sciple and Asit Sharma take a closer look at Funko (NASDAQ: FNKO) and share some of the reasons they're feeling bullish about this pop culture company that is perhaps best known for bobbleheads.
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[laughs] So it's distinctly possible they could end up getting VMware for a very respectable price along with the fact that now that VMware, there was this big Dell relationship where Dell recently spun-off its VMware stake last November, so there's a little bit of uncertainty that's been resolved there. The Motley Fool has positions in and recommends Activision Blizzard, Alphabet (A shares), Alphabet (C shares), Amazon, Dell Technologies Inc., Funko, Inc., Microsoft, Netflix, Starbucks, and Walt Disney. But as you mentioned, Nick, they've got now a good part of their business which comes from an acquisition they made of a company based in the UK, which is Loungefly, what we've been mentioning.
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c0a3badb-1dc4-4ac9-8467-30464de1413b
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725757.0
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2022-06-01 00:00:00 UTC
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Implied Volatility Surging for Dell (DELL) Stock Options
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DELL
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https://www.nasdaq.com/articles/implied-volatility-surging-for-dell-dell-stock-options
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nan
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Investors in Dell Technologies Inc. DELL need to pay close attention to the stock based on moves in the options market lately. That is because the Jun 17, 2022 $65.00 Call had some of the highest implied volatility of all equity options today.
What is Implied Volatility?
Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?
Clearly, options traders are pricing in a big move for Dell shares, but what is the fundamental picture for the company? Currently, Dell is a Zacks Rank #4 (Sell) in the Computers - IT Services industry that ranks in the Bottom 36% of our Zacks Industry Rank. Over the last 60 days, no analysts have increased their earnings estimates for the current quarter, while one analyst has revised the estimate downward. The net effect has taken our Zacks Consensus Estimate for the current quarter from $1.61 per share to $1.56 in that period.
Given the way analysts feel about Dell right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
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How to Profit from the Hot Electric Vehicle Industry
Global electric car sales in 2021 more than doubled their 2020 numbers. And today, the electric vehicle (EV) technology and very nature of the business is changing quickly. The next push for future technologies is happening now and investors who get in early could see exceptional profits.
See Zacks' Top Stocks to Profit from the EV Revolution >>
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Dell Technologies Inc. (DELL): 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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Clearly, options traders are pricing in a big move for Dell shares, but what is the fundamental picture for the company? Investors in Dell Technologies Inc. DELL need to pay close attention to the stock based on moves in the options market lately. Currently, Dell is a Zacks Rank #4 (Sell) in the Computers - IT Services industry that ranks in the Bottom 36% of our Zacks Industry Rank.
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Dell Technologies Inc. (DELL): Free Stock Analysis Report Investors in Dell Technologies Inc. DELL need to pay close attention to the stock based on moves in the options market lately. Clearly, options traders are pricing in a big move for Dell shares, but what is the fundamental picture for the company?
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Investors in Dell Technologies Inc. DELL need to pay close attention to the stock based on moves in the options market lately. Clearly, options traders are pricing in a big move for Dell shares, but what is the fundamental picture for the company? Currently, Dell is a Zacks Rank #4 (Sell) in the Computers - IT Services industry that ranks in the Bottom 36% of our Zacks Industry Rank.
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Given the way analysts feel about Dell right now, this huge implied volatility could mean there’s a trade developing. Investors in Dell Technologies Inc. DELL need to pay close attention to the stock based on moves in the options market lately. Clearly, options traders are pricing in a big move for Dell shares, but what is the fundamental picture for the company?
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adb785c0-558d-46f7-ae19-f37e343beee2
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725758.0
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2022-05-31 00:00:00 UTC
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AMD Powers World's Fastest Supercomputer With Hewlett Packard
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DELL
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https://www.nasdaq.com/articles/amd-powers-worlds-fastest-supercomputer-with-hewlett-packard
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nan
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Advanced Micro Devices AMD recently announced that it has helped build the world’s fastest and most energy-efficient supercomputer — Frontier. The Frontier supercomputer is powered by AMD’s EPYC CPUs and Instinct Accelerators.
AMD partnered with Hewlett Packard HPE and the U.S. Department of Energy’s Oak Ridge National Laboratory to build the Frontier supercomputer, which can make 1,000,000,000,000,000,000 calculations per second.
This is the first time that Oak Ridge National laboratory has submitted the scores of its supercomputer to the Top500 list of 1.1 exaflops, making Frontier the world’s first supercomputer to break the Exascale barrier. Frontier handily beat the competition as its performance is more than double the number two systems and more than the sum of the next seven systems put together in the list.
Frontier secured the top spot in the Green500 list as the most energy-efficient supercomputer delivering 62.68 gigaflops/watt power efficiency from a single cabinet of optimized 3rd Gen EPYC processors and Instinct MI250x accelerators.
Advanced Micro Devices, Inc. Price and Consensus
Advanced Micro Devices, Inc. price-consensus-chart | Advanced Micro Devices, Inc. Quote
AMD Powered HPC Ecosystem Drives Top Line
AMD is leading its peers in high performance computing (HPC) as the company is enabling customers across various fields like manufacturing, life sciences, financial services, climate research, and more to utilize supercomputers for research purposes.
It is worth mentioning that AMD powers five of the top ten most powerful and eight of the top ten most energy-efficient supercomputers globally. CSC’s LUMI supercomputer powered by AMD EPYC and AMD Instinct MI200 systems is third on the Top500 list with 152 petaflops of performance and third on the Green500 list with 51.63 gigaflops/watt power-efficiency, while the Adastra system at GENCI-CINES is 10th on the Top500 list and fourth on the Green500 list.
The Top500 and Green500 lists showcase the growing adoption of AMD solutions for building the HPC ecosystem. On the Top500 list, AMD powers 94 systems, reflecting a massive increase of 95% year over year.
As a result of the strong adoption of AMD EPYC servers Enterprise, Embedded and Semi-Custom segment revenues of $2.5 billion were up 88% year over year and 13% sequentially in the first quarter of 2022.
However, this Zacks Rank #3 (Hold) stock has fallen 28.9% compared to the Zacks Electronics - Semiconductors industry’s and the Zacks Computer and Technology sector’s decline of 17% and 24.2%, respectively. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
AMD faces significant competition from NVIDIA NVDA in the HPC market. NVIDIA’s superchips are benefiting from the rapid proliferation of AI. By applying its CPUs and superchips in AI models, the company is expanding its base in untapped markets like climate science, energy research, space exploration and digital biology.
Companies like Dell Technologies DELL have deployed NVIDIA Grace CPU and Grace Hopper Superchip to servers executing AI and HPC workloads to increase the memory bandwidth and increase energy efficiency.
Although AMD is facing stiff competition in the HPC, a steady stream of new products has been enabling the company to gain a competitive edge over its peers and widen its market share.
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
Advanced Micro Devices, Inc. (AMD): Free Stock Analysis Report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
NVIDIA Corporation (NVDA): Free Stock Analysis Report
Hewlett Packard Enterprise Company (HPE): 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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Companies like Dell Technologies DELL have deployed NVIDIA Grace CPU and Grace Hopper Superchip to servers executing AI and HPC workloads to increase the memory bandwidth and increase energy efficiency. Dell Technologies Inc. (DELL): Free Stock Analysis Report AMD partnered with Hewlett Packard HPE and the U.S. Department of Energy’s Oak Ridge National Laboratory to build the Frontier supercomputer, which can make 1,000,000,000,000,000,000 calculations per second.
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Companies like Dell Technologies DELL have deployed NVIDIA Grace CPU and Grace Hopper Superchip to servers executing AI and HPC workloads to increase the memory bandwidth and increase energy efficiency. Dell Technologies Inc. (DELL): Free Stock Analysis Report Advanced Micro Devices, Inc. Price and Consensus Advanced Micro Devices, Inc. price-consensus-chart | Advanced Micro Devices, Inc. Quote AMD Powered HPC Ecosystem Drives Top Line AMD is leading its peers in high performance computing (HPC) as the company is enabling customers across various fields like manufacturing, life sciences, financial services, climate research, and more to utilize supercomputers for research purposes.
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Companies like Dell Technologies DELL have deployed NVIDIA Grace CPU and Grace Hopper Superchip to servers executing AI and HPC workloads to increase the memory bandwidth and increase energy efficiency. Dell Technologies Inc. (DELL): Free Stock Analysis Report Advanced Micro Devices, Inc. Price and Consensus Advanced Micro Devices, Inc. price-consensus-chart | Advanced Micro Devices, Inc. Quote AMD Powered HPC Ecosystem Drives Top Line AMD is leading its peers in high performance computing (HPC) as the company is enabling customers across various fields like manufacturing, life sciences, financial services, climate research, and more to utilize supercomputers for research purposes.
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Companies like Dell Technologies DELL have deployed NVIDIA Grace CPU and Grace Hopper Superchip to servers executing AI and HPC workloads to increase the memory bandwidth and increase energy efficiency. Dell Technologies Inc. (DELL): Free Stock Analysis Report The Frontier supercomputer is powered by AMD’s EPYC CPUs and Instinct Accelerators.
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725759.0
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2022-05-31 00:00:00 UTC
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Stock Market News for May 31, 2022
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DELL
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https://www.nasdaq.com/articles/stock-market-news-for-may-31-2022
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nan
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Wall Street closed sharply higher on Friday, led by a strong rally of tech stocks. Investors were optimistic that inflation has already peaked and the Fed would be able to achieve a soft-landing of the economy despite tightening monetary policy. Strong economic indicators also boosted investor confidence. All three major stock indexes ended in the green.
How Did The Benchmarks Perform?
The Dow Jones Industrial Average (DJI) gained 1.8% or 575.77 points to close at 33,212.96. Notably, all 30 components of the index ended in positive territory.
The tech-heavy Nasdaq Composite finished at 12,131.13, climbing 3.3% or 390.48 points due to the strong performance of large-cap technology stocks.
The S&P 500 advanced 2.5% or 100.4 points to close at 4,158.24. All 11 broad sectors of the benchmark index closed in the positive zone. The Consumer Discretionary Select Sector SPDR (XLY), the Technology Select Sector SPDR (XLK) and the Real Estate Select Sector SPDR (XLRE) rallied 3.4%, 3.4% and 2.8%, respectively.
The fear-gauge CBOE Volatility Index (VIX) was down 6.5% to 25.72. A total of 10.92 billion shares were traded Friday, lower than the last 20-session average of 13.13 billion. Advancers outnumbered decliners on the NYSE by a 6.49-to-1 ratio. On Nasdaq, a 4.13-to-1 ratio favored advancing issues.
Markets Upbeat About May FOMC Minutes
Wall Street has been extremely volatile in recent months due to soaring inflation, tightening monetary policies by the Fed and the resultant fear of the economy going into recession. However, as the Fed’s May FOMC minutes revealed that the central bank is planning to hold back on its tightening of the monetary policy, instead of sticking to its commitment to lift short-term rates, the markets approved of the same and went on a relief rally. Coupled with the fact that all economic indicators are showing that inflation may well be past its peak, investors expect the central bank to attain a soft landing and not run the economy aground with their policies.
Strong Tech Rally
Volatile markets, especially ones with a strong recessionary outlook, saw investors moving in and out of growth stocks as their future earnings outlook does not look as lucrative compared to their current valuation. Growth stocks, like large-cap tech stocks took a hit continuing the trend in recent months.
However, on Friday, as the markets reacted strongly to the signs that inflation was on the wane and that the Fed may not be a harbinger of recession, tech stocks rallied. The sector grew 3.4%. Earnings reports from giants like Dell Technologies Inc. DELL also helped. Dell reported first-quarter fiscal 2023 non-GAAP earnings of $1.84 per share, beating the Zacks Consensus Estimate by 33.33%.
Consequently, shares of Apple Inc. AAPL and Microsoft Corporation MSFT rallied 4.1% and 2.8%, respectively. Apple currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Economic Data
The Bureau of Economic Analysis in the United States reported that personal income increased $89.3 billion, or at a rate of 0.4% in April. In March, the same had grown 0.5%.
Consumer spending increased $152.3 billion in April compared to March, up 0.9%. The rate of increase in March was revised to 1.4% from 1.1%.
The personal savings rate had come at 4.4% in April, as compared to 5% in March.
Core PCE inflation, which excludes food and energy prices, increased 0.3% in April. In March, it had also grown at the same rate.
PCE inflation grew at 0.7% in April. In March, it had grown 0.5%.
Consumer Sentiment for May had come down to 58.4 against a consensus of 59 for the period, as reported by the University of Michigan. In April, the index was at 59.1.
Weekly Roundup
Wall Street closed a strong week as all three major indexes brought an end to the longest weekly losing streak in decades. The Nasdaq and the S&P 500 ended seven straight weeks of losses, while the Dow’s eight weeks in the red zone was its longest since 1932. The Nasdaq Composite, the S&P 500 and the Dow went up 6.5%, 6.6% and 5.8%, respectively, over the week. Investor mood was upbeat about economic indicators, reflecting that inflation was under control, and confidence was high on the Fed policies after the May FOMC minutes were released.
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
Apple Inc. (AAPL): Free Stock Analysis Report
Microsoft Corporation (MSFT): Free Stock Analysis Report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
To read this article on Zacks.com 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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Earnings reports from giants like Dell Technologies Inc. DELL also helped. Dell reported first-quarter fiscal 2023 non-GAAP earnings of $1.84 per share, beating the Zacks Consensus Estimate by 33.33%. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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Dell Technologies Inc. (DELL): Free Stock Analysis Report Earnings reports from giants like Dell Technologies Inc. DELL also helped. Dell reported first-quarter fiscal 2023 non-GAAP earnings of $1.84 per share, beating the Zacks Consensus Estimate by 33.33%.
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Dell Technologies Inc. (DELL): Free Stock Analysis Report Earnings reports from giants like Dell Technologies Inc. DELL also helped. Dell reported first-quarter fiscal 2023 non-GAAP earnings of $1.84 per share, beating the Zacks Consensus Estimate by 33.33%.
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Earnings reports from giants like Dell Technologies Inc. DELL also helped. Dell reported first-quarter fiscal 2023 non-GAAP earnings of $1.84 per share, beating the Zacks Consensus Estimate by 33.33%. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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725760.0
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2022-05-30 00:00:00 UTC
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7 Undervalued Stocks to Buy After the Selloff
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DELL
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https://www.nasdaq.com/articles/7-undervalued-stocks-to-buy-after-the-selloff
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
These seven undervalued stocks to buy are now at attractive prices after the latest stock market selloff.
ArcelorMittal (MT): The steel company returned to profitability in 2021 with massive net income growth.
American International Group (AIG): An insurance company with a stellar 2021 financial performance.
MetLife (MET): Another insurance company with stable revenue and a consistent net income trend.
Stellantis (STLA): An automotive group with solid fundamentals and an attractive dividend yield.
Dell Technologies (DELL): A technology firm that generates a lot of positive free cash flow at a price that is worthy of attention.
DISH Network (DISH): The crash after a weak Q1 report and subscriber loss creates a contrarian play.
Paramount Global (PARA): A global entertainment company with solid fundamentals at a discount.
Source: insta_photos / Shutterstock
Are we in a bear stock market? Can stocks move lower? How likely is a recession? I’m sure all of these questions are commonplace among investors today, including this next one: What are some popular stocks to consider investing in now after the latest stock market sell-off? “Undervalued” is the magic term here. The following seven undervalued stocks to buy after the selloff have very attractive stock prices, solid fundamentals, are well-established businesses and have high odds of rebounding later this year.
Investing in undervalued stocks makes sense after a steep selloff of the stock market. It is the principle of safety margin, investing in stocks that trade at a considerable margin of safety or discount compared to their intrinsic value. The idea is that at some point in time, there should be a convergence in both the stock price and the intrinsic price. These seven undervalued stocks to buy are from various sectors, from the basic materials sector to the communication services sector.
7 Beaten-Down Growth Stocks That Look Like Big Bargains Right Now
Here are my top seven undervalued stocks to buy now:
Ticker Company Price
MT ArcelorMittal S.A. $32.38
AIG American International Group, Inc. $58.50
MET MetLife, Inc. $67
STLA Stellantis N.V. $14.75
DELL Dell Technologies Inc. $50.17
DISH DISH Network Corporation $22.36
PARA Paramount Global $33.37
Undervalued Stocks to Buy: ArcelorMittal (MT)
Source: Massimo Todaro / Shutterstock
ArcelorMittal (NYSE:MT), together with its subsidiaries, operates integrated steel and mining companies in Europe, North and South America, Asia, and Africa. It was incorporated in 1976 and is headquartered in Luxembourg City, Luxembourg.
Shares of ArcelorMittal trade at a price-to-earnings (P/E) ratio trailing twelve months (TTM) of 2.04 and have a one-year target estimate of $51.43.
In terms of valuation, MT stock is very cheap. The forward P/E ratio is 2.67. The current price-to-sales (P/S) TTM ratio is 0.37 and the price-to-book (P/B) value is only 0.48. Additionally, MT stock is up about 2% year-to-date (YTD).
American International Group (AIG)
Source: Evan El-Amin / Shutterstock
American International Group (NYSE:AIG) offers insurance products for commercial, institutional, and individual customers in North America and internationally. The company was founded in 1919 and is headquartered in New York.
If you are looking for a stock that is undervalued and has proven to be resilient under the stock market selling pressure of 2022, then AIG stock should be on the top of your list. Shares of American International Group have gains of 2.8% in 2022 and have a three-month performance of approximately negative 7.4%.
In 2021, American International Group reported a strong financial performance with a sales growth of 19% to $52 billion and a net income growth to $9.4 billion compared to a $6 billion net loss in 2020. The stock trades at a P/E ratio (TTM) of 5.1 and has a forward dividend yield of 2.22%.
7 Retirement Stocks to Buy to Turbocharge Your Savings
AIG shares are cheap given the following figures. The current P/S TTM ratio is 0.89 and the P/B ratio is 0.79.
Undervalued Stocks to Buy: MetLife (MET)
Source: Osugi / Shutterstock.com
MetLife (NYSE:MET) is the second insurance company on this list of undervalued stocks to buy. The firm has global operations, was founded in 1863, and is headquartered in New York.
An analysis of its income statement over the past five years shows a stable sales trend and a consistent net income trend. The latter showed plenty of momentum in 2021 as net income growth was 21.21%.
Large and mature companies like MetLife are rather safe bets for investors that hate risk and want to avoid large price fluctuations. Shares of MetLife are up 6.9% in 2022 and have losses of 2.3% over the past three months. The P/E ratio TTM is 8.56. Additionally, the forward dividend yield is 3.1%.
The current P/S TTM ratio is 0.81 and the P/B ratio is 0.95. The one-year target estimate is $77.77, an upside potential of 16%.
Stellantis (STLA)
Source: Antonello Marangi / Shutterstock.com
Stellantis (NYSE:STLA) designs, engineers, manufactures and sells automobiles and light commercial vehicles, engines, transmission systems, metallurgical products, and production systems worldwide. Some of the brands in the Stellantis portfolio include Abarth, Alfa Romeo, Chrysler, Citroën, DS, Dodge, Fiat, Fiat Professional, Jeep, Maserati, Ram, Opel, Lancia, Vauxhall, and Peugeot.
The STLA stock has losses of 21% in 2022, making it an undervalued stock that deserves a lot of attention now.
2020 was a very bad year for the automotive industry. Stellantis has rebounded in 2021, reporting net revenues up 14% to 152 billion euro and net income that nearly tripled year-over-year to 13.4 billion euro. The stock trades at a P/E ratio TTM of 3.06 and has a very attractive forward dividend yield of 7.66%.
The 7 Highest-Yielding Dividend Stocks to Buy Now for Income
The P/B value of 0.75 and P/S TTM ratio of 0.28 signal that shares of Stellantis are cheap now.
Undervalued Stocks to Buy: Dell Technologies (DELL) Source: Ken Wolter / Shutterstock.com
Dell Technologies (NYSE:DELL) engages in the provision of information technology hardware, software, and service solutions through its subsidiaries. It operates through the following segments: infrastructure solutions group, client solutions group, and VMware.
Technology stocks have been under selling pressure in 2022 and DELL stock is no exception. Shares of Dell Technologies have losses of 12.7% year-to-date. The forward dividend yield of 3.23% is a plus for this cheap technology stock trading at a P/E ratio TTM of 6.98.
One of the many factors to like about Dell Technologies is its free cash flow trend. It is positive and consistent for the fiscal years 2018 to 2022. The one-year target estimate of $61.09 signals an upside potential of 22%. The current P/S TTM ratio of 0.34 is too low and the fiscal 2023 forward P/E ratio is only 6.11.
DISH Network (DISH)
Source: Jonathan Weiss / Shutterstock.com
DISH Network (NASDAQ:DISH) provides paid TV services in the United States. It operates in two segments: Pay-TV and wireless. DISH Network Corporation was founded in 1980 and is headquartered in Colorado.
Shares of DISH Network have losses of approximately 32% in 2022 and 29% in the past month. The reason is weak first-quarter earnings. Dish reported that in the first quarter, pay-TV subscribers fell by 462,000 and wireless subscribers fell by 343,000.
The firm is investing in its 5G wireless network and it is a contrarian and deep value play. The fundamentals are not bad and the free cash flow trend is also robust.
7 Large-Cap Stocks to Buy Right Now
The P/E ratio TTM of 6.39 is low and the one-year target estimate of $39.60 signals an upside potential of 77%. The stock is very cheap as it has a P/B value of 0.69 and a P/S TTM ratio of 0.75.
Undervalued Stocks to Buy: Paramount Global (PARA)
Source: viewimage / Shutterstock
Paramount Global (NASDAQ:PARA) is a worldwide media and enter It develops, produces, and distributes films. It was incorporated in 1986 and is headquartered in New York.
Shares of Paramount Global have defied the latest selloff as they have gains of 11% in 2022, but are down approximately 21% over the past year. The business is solid with a rather stable sales trend in the past four years.
In 2021, the firm reported sales growth of 13%. Net income growth increased 90.07% to $4.38 billion. The profitability is very solid and free cash flow is volatile, but it gets a passing grade. The valuation is very attractive now. The P/E ratio TTM is only 5.45 the forward dividend yield is 2.96%.
There is also a stock at discount now as the P/B value of 0.0 and P/S TTM ratio of 0.73 support the fact that it is a cheap stock.
On the date of publication, Stavros Georgiadis, CFA 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.
The post 7 Undervalued Stocks to Buy After the Selloff 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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7 Beaten-Down Growth Stocks That Look Like Big Bargains Right Now Here are my top seven undervalued stocks to buy now: Ticker Company Price MT ArcelorMittal S.A. $32.38 AIG American International Group, Inc. $58.50 MET MetLife, Inc. $67 STLA Stellantis N.V. $14.75 DELL Dell Technologies Inc. $50.17 DISH DISH Network Corporation $22.36 PARA Paramount Global $33.37 Undervalued Stocks to Buy: ArcelorMittal (MT) Source: Massimo Todaro / Shutterstock ArcelorMittal (NYSE:MT), together with its subsidiaries, operates integrated steel and mining companies in Europe, North and South America, Asia, and Africa. Dell Technologies (DELL): A technology firm that generates a lot of positive free cash flow at a price that is worthy of attention. Undervalued Stocks to Buy: Dell Technologies (DELL) Source: Ken Wolter / Shutterstock.com Dell Technologies (NYSE:DELL) engages in the provision of information technology hardware, software, and service solutions through its subsidiaries.
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7 Beaten-Down Growth Stocks That Look Like Big Bargains Right Now Here are my top seven undervalued stocks to buy now: Ticker Company Price MT ArcelorMittal S.A. $32.38 AIG American International Group, Inc. $58.50 MET MetLife, Inc. $67 STLA Stellantis N.V. $14.75 DELL Dell Technologies Inc. $50.17 DISH DISH Network Corporation $22.36 PARA Paramount Global $33.37 Undervalued Stocks to Buy: ArcelorMittal (MT) Source: Massimo Todaro / Shutterstock ArcelorMittal (NYSE:MT), together with its subsidiaries, operates integrated steel and mining companies in Europe, North and South America, Asia, and Africa. Dell Technologies (DELL): A technology firm that generates a lot of positive free cash flow at a price that is worthy of attention. Undervalued Stocks to Buy: Dell Technologies (DELL) Source: Ken Wolter / Shutterstock.com Dell Technologies (NYSE:DELL) engages in the provision of information technology hardware, software, and service solutions through its subsidiaries.
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7 Beaten-Down Growth Stocks That Look Like Big Bargains Right Now Here are my top seven undervalued stocks to buy now: Ticker Company Price MT ArcelorMittal S.A. $32.38 AIG American International Group, Inc. $58.50 MET MetLife, Inc. $67 STLA Stellantis N.V. $14.75 DELL Dell Technologies Inc. $50.17 DISH DISH Network Corporation $22.36 PARA Paramount Global $33.37 Undervalued Stocks to Buy: ArcelorMittal (MT) Source: Massimo Todaro / Shutterstock ArcelorMittal (NYSE:MT), together with its subsidiaries, operates integrated steel and mining companies in Europe, North and South America, Asia, and Africa. Dell Technologies (DELL): A technology firm that generates a lot of positive free cash flow at a price that is worthy of attention. Undervalued Stocks to Buy: Dell Technologies (DELL) Source: Ken Wolter / Shutterstock.com Dell Technologies (NYSE:DELL) engages in the provision of information technology hardware, software, and service solutions through its subsidiaries.
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7 Beaten-Down Growth Stocks That Look Like Big Bargains Right Now Here are my top seven undervalued stocks to buy now: Ticker Company Price MT ArcelorMittal S.A. $32.38 AIG American International Group, Inc. $58.50 MET MetLife, Inc. $67 STLA Stellantis N.V. $14.75 DELL Dell Technologies Inc. $50.17 DISH DISH Network Corporation $22.36 PARA Paramount Global $33.37 Undervalued Stocks to Buy: ArcelorMittal (MT) Source: Massimo Todaro / Shutterstock ArcelorMittal (NYSE:MT), together with its subsidiaries, operates integrated steel and mining companies in Europe, North and South America, Asia, and Africa. Dell Technologies (DELL): A technology firm that generates a lot of positive free cash flow at a price that is worthy of attention. Undervalued Stocks to Buy: Dell Technologies (DELL) Source: Ken Wolter / Shutterstock.com Dell Technologies (NYSE:DELL) engages in the provision of information technology hardware, software, and service solutions through its subsidiaries.
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2022-05-27 00:00:00 UTC
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NEWSMAKER-How Broadcom CEO Tan shaped a tech giant through acquisitions
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DELL
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https://www.nasdaq.com/articles/newsmaker-how-broadcom-ceo-tan-shaped-a-tech-giant-through-acquisitions
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By Krystal Hu and Jane Lanhee Lee
May 27 (Reuters) - Once a poor "skinny kid" from Malaysia, Hock Tan was going head-to-head with a legendary U.S. technology mogul for a transformative acquisition.
Tan placed a call earlier this month to VMware Inc VMW.N Chairman Michael Dell, also the chief executive of computer maker Dell Technologies Inc DELL.N.
He proposed one of the biggest tie-ups in the history of the technology sector. Broadcom Inc AVGO.O, the chip maker that Tan leads, was willing to acquire VMware, a cloud software company for $61 billion.
For Tan, now 70, the deal would be the culmination of a string of acquisitions that has helped him turn Broadcom into a technology conglomerate worth $225 billion, along the way building a reputation as an astute dealmaker and ruthless cost-cutter.
Dell, who personally owns 40% of VMware and controls it together with buyout firm Silver Lake, had a decision to make. Hold out for a better deal or risk losing out as technology stocks plunged amid concerns about a looming economic slowdown and rampant inflation.
Broadcom offered $61 billion in cash and stock for VMware, a 50% premium to where the shares of the latter were trading. To clinch the deal, Tan also agreed to give VMware 40 days from the signing of the deal to search for another suitor who may offer a better price. VMware said yes.
This account of the negotiations is based on people involved in the deal who requested anonymity.
Broadcom had been eyeing VMware for months but held off from making an approach because it was concerned that Dell and Silver Lake would not engage due to the timing of VMware's spin-off from Dell Technologies in November 2021. Shareholders risk losing the tax-free status of their spin-off if their company engages in sale talks in the first six months after the separation.
Tan's cost-cutting reputation prompted VMware's chief executive Raghu Raghuram to write to his employees on the deal's announcement to assure them that the "perception" of Broadcom putting profits ahead of innovation was "inaccurate". He wrote that Tan "is committed to cultivating a shared culture of innovation."
That reputation stems from Tan's strategy of acquiring businesses he calls "franchises" and then slashing what he sees as excessive sales and marketing expenses and unnecessary investments. He is also quick to jettison parts of those businesses that underperform.
"He runs Broadcom like an investment portfolio ... they are all independent fiefdoms," said a former employee at the company who worked closely with Tan. "If he has a dominant position in any market, he'll go in and raise those prices."
Tan and Broadcom did not respond to requests for comment.
Tan has said he was an "18-year-old skinny kid" growing up in Malaysia when he won a scholarship in 1971 to attend engineering school at MIT. His parents could not afford to send him to college. He went on to earn an MBA from Harvard University.
He held several executive positions in Malaysia and the United States, before joining chip maker Integrated Circuit Systems in 1994, rising to become chief executive in 1999.
It was Silver Lake that helped recruit Tan as chief executive of the company that would go on to become Broadcom. In 2006, Tan joined Avago Technologies, a semiconductor company that Silver Lake and KKR Co Inc KKR.N, another buyout firm, had acquired the year before for $2.66 billion.
A spate of deals followed as Tan embarked on consolidating the semiconductor industry, often with backing from Silver Lake. In 2014, Avago paid $6.6 billion for storage chipmaker LSI Corp. In 2015, it acquired Broadcom for $37 billion and took its name. In 2016, Broadcom acquired network gear maker Brocade Communications Systems Inc for $5.9 billion.
QUALCOMM BID THWARTED
In 2017, Broadcom launched a hostile $117 billion takeover bid for rival chipmaker Qualcomm Inc QCOM.O that would have been the largest technology deal of all time. It was thwarted by the U.S. government over concerns that Broadcom, which was at the time headquartered in Singapore, would become too dominant in the U.S. semiconductor industry at the expense of innovation.
Tan then turned his attention to software companies, which like semiconductors can generate reliable cash flow. Broadcom took over business software firm CA Technologies Inc for $18.9 billion and acquired Symantec Corp's security division for $10.7 billion.
Following every acquisition, Broadcom paid down much of the debt it had taken on to help fund it, using the cash flow of its businesses. This has emboldened Tan to carry on with his spree of acquisitions, said Matt Britzman, analyst at Hargreaves Lansdown.
"Broadcom has de-levered quickly after each large acquisition," Britzman said.
(Reporting by Krystal Hu in New York and Jane Lanhee Lee in San Francisco; Additional reporting by Medha Singh and Chavi Mehta in Bangalore; Editing by Greg Roumeliotis and Richard Pullin)
((Krystal.Hu@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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Tan placed a call earlier this month to VMware Inc VMW.N Chairman Michael Dell, also the chief executive of computer maker Dell Technologies Inc DELL.N. Dell, who personally owns 40% of VMware and controls it together with buyout firm Silver Lake, had a decision to make. Broadcom had been eyeing VMware for months but held off from making an approach because it was concerned that Dell and Silver Lake would not engage due to the timing of VMware's spin-off from Dell Technologies in November 2021.
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Tan placed a call earlier this month to VMware Inc VMW.N Chairman Michael Dell, also the chief executive of computer maker Dell Technologies Inc DELL.N. Broadcom had been eyeing VMware for months but held off from making an approach because it was concerned that Dell and Silver Lake would not engage due to the timing of VMware's spin-off from Dell Technologies in November 2021. Dell, who personally owns 40% of VMware and controls it together with buyout firm Silver Lake, had a decision to make.
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Broadcom had been eyeing VMware for months but held off from making an approach because it was concerned that Dell and Silver Lake would not engage due to the timing of VMware's spin-off from Dell Technologies in November 2021. Tan placed a call earlier this month to VMware Inc VMW.N Chairman Michael Dell, also the chief executive of computer maker Dell Technologies Inc DELL.N. Dell, who personally owns 40% of VMware and controls it together with buyout firm Silver Lake, had a decision to make.
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Tan placed a call earlier this month to VMware Inc VMW.N Chairman Michael Dell, also the chief executive of computer maker Dell Technologies Inc DELL.N. Dell, who personally owns 40% of VMware and controls it together with buyout firm Silver Lake, had a decision to make. Broadcom had been eyeing VMware for months but held off from making an approach because it was concerned that Dell and Silver Lake would not engage due to the timing of VMware's spin-off from Dell Technologies in November 2021.
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725762.0
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2022-05-27 00:00:00 UTC
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US STOCKS-Wall Street rallies to end longest weekly losing streak in decades
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DELL
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https://www.nasdaq.com/articles/us-stocks-wall-street-rallies-to-end-longest-weekly-losing-streak-in-decades
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By Stephen Culp
NEW YORK, May 27 (Reuters) - Wall Street closed sharply higher on Friday as signs of peaking inflation and consumer resiliency sent investors into the long holiday weekend with growing optimism that the Federal Reserve will be able to tighten monetary policy without tipping the economy into recession.
All three major U.S. stock indexes snapped their longest weekly losing streaks in decades.
The S&P and the Nasdaq suffered seven consecutive weekly declines, the longest since the end of the dot-com bust, while the blue-chip Dow's eight-week selloff was its longest since 1932.
"The market has now discounted a lot of the negative news, a lot (of which) hit all at once," said Keith Buchanan, portfolio manager at GLOBALT in Atlanta. "Now we have absorbed that news and the actions the Fed is going to take, and we’re wrapping up earnings season."
"The signs are lining up and the boxes are being checked that we expect to develop when the market starts to form a bottom," Buchanan added.
During the S&P's seven straight weeks of losses, from its April 1 to May 20 Friday closes, the bellwether index shed 14.2% of its value and threatened to confirm it has been in a bear market since its Jan. 3 record closing high.
"It was inevitable that the losing streak would end," said Tim Ghriskey, senior portfolio strategist Ingalls & Snyder in New York. "Corrections and bear markets are followed by 'up' markets."
Generally upbeat earnings guidance and solid economic indicators have fueled hopes that the Fed's hawkish maneuvers to contain decades-high inflation will not cool the economy into contraction.
Data released on Friday showed better-than-expected consumer spending and appeared to confirm that inflation, which has dampened corporate earnings guidance and weighed on investor sentiment, has peaked.
This, combined with the minutes from the central bank's most recent policy meeting, which reaffirmed its commitment to rein in spiking prices while remaining responsive to economic data, helped boost risk appetite.
According to preliminary data, the S&P 500 .SPX gained 100.43 points, or 2.47%, to end at 4,158.49 points, while the Nasdaq Composite .IXIC gained 390.30 points, or 3.32%, to 12,130.95. The Dow Jones Industrial Average .DJI rose 574.52 points, or 1.76%, to 33,211.71.
All 11 major sectors of the S&P 500 advanced amid light trading, with tech .SPLRCT, real estate .SPLRCR and consumer discretionary among the largest percentage gainers.
Shares of Apple Inc AAPL.O, Microsoft Corp MSFT.O and Tesla Inc TSLA.O provided the strongest lift.
First-quarter earnings season is largely in the bag, with 488 of the companies in the S&P 500 having reported. Of those, 77% have beaten consensus expectations, according to Refinitiv.
Ulta Beauty ULTA.O jumped following its upbeat quarterly earnings report.
Computer hardware company Dell Technologies Inc DELL.N surged after beating quarterly profit and revenue estimates.
Apparel retailers Gap Inc GPS.N and American Eagle Outfitters AEO.N trimmed their annual profit forecasts.
Trading volumes were light ahead of the long weekend, with U.S. stock markets closed on Monday in observance of Memorial Day.
(Reporting by Stephen Culp in New York Additional reporting by Devik Jain and Anisha Sircar in Bengaluru Editing by Vinay Dwivedi and Matthew Lewis)
((stephen.culp@thomsonreuters.com; 646-223-6076;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Computer hardware company Dell Technologies Inc DELL.N surged after beating quarterly profit and revenue estimates. By Stephen Culp NEW YORK, May 27 (Reuters) - Wall Street closed sharply higher on Friday as signs of peaking inflation and consumer resiliency sent investors into the long holiday weekend with growing optimism that the Federal Reserve will be able to tighten monetary policy without tipping the economy into recession. Data released on Friday showed better-than-expected consumer spending and appeared to confirm that inflation, which has dampened corporate earnings guidance and weighed on investor sentiment, has peaked.
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Computer hardware company Dell Technologies Inc DELL.N surged after beating quarterly profit and revenue estimates. By Stephen Culp NEW YORK, May 27 (Reuters) - Wall Street closed sharply higher on Friday as signs of peaking inflation and consumer resiliency sent investors into the long holiday weekend with growing optimism that the Federal Reserve will be able to tighten monetary policy without tipping the economy into recession. All three major U.S. stock indexes snapped their longest weekly losing streaks in decades.
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Computer hardware company Dell Technologies Inc DELL.N surged after beating quarterly profit and revenue estimates. By Stephen Culp NEW YORK, May 27 (Reuters) - Wall Street closed sharply higher on Friday as signs of peaking inflation and consumer resiliency sent investors into the long holiday weekend with growing optimism that the Federal Reserve will be able to tighten monetary policy without tipping the economy into recession. During the S&P's seven straight weeks of losses, from its April 1 to May 20 Friday closes, the bellwether index shed 14.2% of its value and threatened to confirm it has been in a bear market since its Jan. 3 record closing high.
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Computer hardware company Dell Technologies Inc DELL.N surged after beating quarterly profit and revenue estimates. All three major U.S. stock indexes snapped their longest weekly losing streaks in decades. Generally upbeat earnings guidance and solid economic indicators have fueled hopes that the Fed's hawkish maneuvers to contain decades-high inflation will not cool the economy into contraction.
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a5c46963-1bff-4ab5-aa16-4cd5bb71ee97
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725763.0
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2022-05-27 00:00:00 UTC
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Why Dell Stock Surged Today
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DELL
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https://www.nasdaq.com/articles/why-dell-stock-surged-today
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nan
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nan
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What happened
Shares of Dell Technologies (NYSE: DELL) climbed 12.9% on Friday after the computer maker reported strong sales and profit growth.
So what
Dell's revenue jumped 16% year over year to $26.1 billion in its fiscal 2023 first quarter, which ended on April 29. The gains were broad-based. Sales in Dell's Infrastructure Solutions Group -- which provides servers, storage, and networking solutions to corporate clients -- grew by 16% to $9.3 billion. Sales in the company's Client Solutions Group, which sells personal computers (PCs), increased 17% to $15.6 billion.
Commercial PC sales were a particularly strong source of growth. Dell's commercial PC revenue leaped 22% to $12 billion, as businesses increased their orders as more of their employees returned to traditional workplaces.
"We are positioned to pursue growth wherever it materializes in the IT [information technology] market, given the predictability, durability, and flexibility in our business," co-chief operating officer Chuck Whitten said in a press release.
Demand for workplace computers is rising as more people return to offices. Image source: Getty Images.
Dell also did an admirable job of managing supply chain disruptions that have plagued the tech industry during the pandemic. The company's cost-control efforts helped its adjusted operating income grow by 21% to $2.1 billion. Its adjusted net income, in turn, soared 36% to $1.4 billion, or $1.84 per share.
That was far above Wall Street's expectations. Analysts had anticipated adjusted earnings per share of only $1.39.
Now what
Dell's strong personal computer sales suggest it's gaining share in the global PC market. Worldwide PC shipments fell 6.8% in the first quarter, according to tech research firm Gartner.
"We are built to outperform, in a balanced and consistent way across the company, as our customers invest in their digital futures and choose Dell as their trusted partner," co-chief operating officer Jeff Clarke said.
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Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Dell Technologies Inc. The Motley Fool recommends Gartner. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell's commercial PC revenue leaped 22% to $12 billion, as businesses increased their orders as more of their employees returned to traditional workplaces. "We are built to outperform, in a balanced and consistent way across the company, as our customers invest in their digital futures and choose Dell as their trusted partner," co-chief operating officer Jeff Clarke said. What happened Shares of Dell Technologies (NYSE: DELL) climbed 12.9% on Friday after the computer maker reported strong sales and profit growth.
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Dell's commercial PC revenue leaped 22% to $12 billion, as businesses increased their orders as more of their employees returned to traditional workplaces. Now what Dell's strong personal computer sales suggest it's gaining share in the global PC market. What happened Shares of Dell Technologies (NYSE: DELL) climbed 12.9% on Friday after the computer maker reported strong sales and profit growth.
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What happened Shares of Dell Technologies (NYSE: DELL) climbed 12.9% on Friday after the computer maker reported strong sales and profit growth. Now what Dell's strong personal computer sales suggest it's gaining share in the global PC market. So what Dell's revenue jumped 16% year over year to $26.1 billion in its fiscal 2023 first quarter, which ended on April 29.
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Dell's commercial PC revenue leaped 22% to $12 billion, as businesses increased their orders as more of their employees returned to traditional workplaces. 10 stocks we like better than Dell Technologies Inc. The Motley Fool has positions in and recommends Dell Technologies Inc.
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7f5a0527-980a-4aaa-8f93-1a102b4b5874
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725764.0
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2022-05-27 00:00:00 UTC
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4 Top Stock Trades for Tuesday: Ethereum, ARKK, BB, DELL
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DELL
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https://www.nasdaq.com/articles/4-top-stock-trades-for-tuesday%3A-ethereum-arkk-bb-dell
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Bulls are working on a third-straight day where upside volume eclipses the 80% mark. If that’s the case — even ahead of a holiday weekend — it shows renewed demand in the market. The key now will be holding the low. With all of that in mind, let’s look at a few top stock trades for next week.
Top Stock Trades for Tuesday No. 1: Ethereum (ETH-USD)
Click to Enlarge
Source: Chart courtesy of TrendSpider
There may be renewed demand in the stock market, but we’re not seeing it in the cryptocurrency market. As the stock market tries to take out last week’s high, Ethereum (ETH-USD) is clinging to this month’s low and key support near $1,730.
If this area fails, bulls risk a deeper decline, potentially down into the $1,400 to $1,500 zone. However, losing this level deals a significant blow to confidence. It’s a major support area, so to see it fail would really show who’s in control — the sellers.
7 Beaten-Down Growth Stocks That Look Like Big Bargains Right Now
On the upside, the prior 2022 low near $2,150 was most recently resistance. The 10-day is also active resistance. If Ethereum can clear the latter — then the 21-day — it opens the door back to $2,150.
Top Stock Trades for Tuesday No. 2: ARKK ETF (ARKK)
Click to Enlarge
Source: Chart courtesy of TrendSpider
The Arkk Innovation Fund (NYSEARCA:ARKK) is key in this market because it’s the bellwether for growth stocks. It’s now going weekly-up, while also clearing the 10-day and 21-day moving averages over the past two sessions.
A close above $44.50 and holding above that level will keep the $50 to $52 area in play. If ARKK gets there, we have the 50-day and 10-week moving averages, as well as prior support turned resistance.
On the downside, however, a drop back below $44 keeps the 10-day and 21-day moving averages in play. Below that and $40 remains vulnerable, followed by $35.
Top Stock Trades for Tuesday No. 3: BlackBerry (BB)
Click to Enlarge
Source: Chart courtesy of TrendSpider
The meme stocks have been popping off lately and that includes everything from GameStop (NYSE:GME) to BlackBerry (NYSE:BB). We wrote about GME the other day. Now, it’s BlackBerry’s turn.
So far, the stock is taking out the May high, as well as the 10-week and 50-day moving averages. However, it’s stalling at $6.70, which was former support in April and now serves as the 61.8% retracement of the current range.
If it can clear this level, then $7 is in play next. Above that could open the door to the key $8 level.
7 Retirement Stocks to Buy to Turbocharge Your Savings
On the downside, though, bulls don’t want BlackBerry to lose $6. That will put it below almost all of its key measures and moving averages.
Top Trades for Tuesday No. 4: Dell Technologies (DELL)
Click to Enlarge
Source: Chart courtesy of TrendSpider
Dell Technologies (NYSE:DELL) came roaring back to life on Friday, up nearly 13%. However, where it faded from at the session high is significant.
The stock tagged the 61.8% retracement and nearly hit the 200-day. While it’s still up nicely, this area was clearly a “take profits” zone for investors. Now it gets interesting.
On the upside, this is the clear level to hurdle. Above these two measures and $55-plus is on the table.
On the downside, however, $47 becomes a line in the sand. That’s where we find the 50-day and 10-week moving averages. If Dell breaks below those measures, it could go on to fill the gap down near $44.50.
On the date of publication, Bret Kenwell 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.
The post 4 Top Stock Trades for Tuesday: Ethereum, ARKK, BB, DELL 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 post 4 Top Stock Trades for Tuesday: Ethereum, ARKK, BB, DELL appeared first on InvestorPlace. 4: Dell Technologies (DELL) Click to Enlarge Source: Chart courtesy of TrendSpider Dell Technologies (NYSE:DELL) came roaring back to life on Friday, up nearly 13%.
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Click to Enlarge Source: Chart courtesy of TrendSpider Dell Technologies (NYSE:DELL) came roaring back to life on Friday, up nearly 13%. The post 4 Top Stock Trades for Tuesday: Ethereum, ARKK, BB, DELL appeared first on InvestorPlace. 4: Dell Technologies (DELL)
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The post 4 Top Stock Trades for Tuesday: Ethereum, ARKK, BB, DELL appeared first on InvestorPlace. 4: Dell Technologies (DELL) Click to Enlarge Source: Chart courtesy of TrendSpider Dell Technologies (NYSE:DELL) came roaring back to life on Friday, up nearly 13%.
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The post 4 Top Stock Trades for Tuesday: Ethereum, ARKK, BB, DELL appeared first on InvestorPlace. 4: Dell Technologies (DELL) Click to Enlarge Source: Chart courtesy of TrendSpider Dell Technologies (NYSE:DELL) came roaring back to life on Friday, up nearly 13%.
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2b816e7e-a509-4fc6-b7e5-5736639d7780
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725765.0
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2022-05-27 00:00:00 UTC
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US STOCKS-S&P 500 set for first weekly gain in eight as growth fears ebb
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DELL
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https://www.nasdaq.com/articles/us-stocks-sp-500-set-for-first-weekly-gain-in-eight-as-growth-fears-ebb
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nan
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nan
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By Devik Jain and Anisha Sircar
May 27 (Reuters) - The S&P 500 index on Friday was set for its best weekly gain since mid-March as upbeat earnings, strength in consumer spending and signs of inflation peaking eased worries about a sharp slowdown in economic growth.
The benchmark index .SPX and the tech-heavy Nasdaq .IXIC appeared set to snap their longest weekly losing streak since the dotcom bust in 2001, up 5.8% and 6% respectively for the week.
The blue-chip Dow .DJI was on course for its best week since November 2020, up 5.6%.
The Commerce Department's report showed consumer spending increased by a more-than-expected 0.9% in April and inflation rose at a slower rate, raising hopes that the Federal Reserve might not hike rates as aggressively as previously thought.
March spending growth was also revised to 1.4% from 1.1%. The personal consumption expenditures price index, the Fed's preferred inflation gauge, gained 0.2% last month after rising 0.9% in March.
A mixed set of economic data, some optimistic retail earnings forecasts, and less hawkish minutes from the Fed's May meeting brought back investors this week.
"There is clearly a bit of wash out, a little exhaustion in the selling we are seeing. If you look at valuations, investor sentiment, and some economic indicators, there are some signs that perhaps a bottom is within reach," said Darren Chervitz, portfolio manager at Jacob Asset Management.
All of the 11 major S&P sectors advanced, with technology .SPLRCT up 2.7%, followed by a 2.4% rise in the consumer discretionary .SPLRCD sector.
Ulta Beauty ULTA.O gained 9.9% to top the S&P 500 index after the retailer forecast strong annual results.
Enterprise software maker Autodesk Inc ADSK.O and PC maker Dell Technologies Inc DELL.N jumped 9.7% and 12% respectively, after they beat quarterly revenue and profit estimates.
At 12:17 p.m. ET, the Dow Jones Industrial Average .DJI was up 361.99 points, or 1.11%, at 32,999.18, the S&P 500 .SPX had advanced 71.39 points, or 1.76%, to 4,129.23, and the Nasdaq Composite .IXIC was up 294.14 points, or 2.51%, at 12,034.79.
Gap Inc GPS.N and American Eagle Outfitters AEO.N fell 0.9% and 3.8% respectively, after the clothing retailers trimmed their annual profit forecasts amid decades-high inflation.
The CBOE volatility index .VIX fell for a third straight session and was at 25.97 points.
Analysts expect trading volumes to be light ahead of a long weekend, with U.S. stock markets shut on Monday for Memorial Day holiday.
Advancing issues outnumbered decliners by a 5.96-to-1 ratio on the NYSE and by a 3.57-to-1 ratio on the Nasdaq.
The S&P index recorded three new 52-week highs and 29 new lows, while the Nasdaq posted 31 new highs and 67 new lows.
(Reporting by Devik Jain and Anisha Sircar in Bengaluru; Editing by Shounak Dasgupta and Vinay Dwivedi)
((Devik.Jain@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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Enterprise software maker Autodesk Inc ADSK.O and PC maker Dell Technologies Inc DELL.N jumped 9.7% and 12% respectively, after they beat quarterly revenue and profit estimates. By Devik Jain and Anisha Sircar May 27 (Reuters) - The S&P 500 index on Friday was set for its best weekly gain since mid-March as upbeat earnings, strength in consumer spending and signs of inflation peaking eased worries about a sharp slowdown in economic growth. A mixed set of economic data, some optimistic retail earnings forecasts, and less hawkish minutes from the Fed's May meeting brought back investors this week.
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Enterprise software maker Autodesk Inc ADSK.O and PC maker Dell Technologies Inc DELL.N jumped 9.7% and 12% respectively, after they beat quarterly revenue and profit estimates. By Devik Jain and Anisha Sircar May 27 (Reuters) - The S&P 500 index on Friday was set for its best weekly gain since mid-March as upbeat earnings, strength in consumer spending and signs of inflation peaking eased worries about a sharp slowdown in economic growth. March spending growth was also revised to 1.4% from 1.1%.
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Enterprise software maker Autodesk Inc ADSK.O and PC maker Dell Technologies Inc DELL.N jumped 9.7% and 12% respectively, after they beat quarterly revenue and profit estimates. By Devik Jain and Anisha Sircar May 27 (Reuters) - The S&P 500 index on Friday was set for its best weekly gain since mid-March as upbeat earnings, strength in consumer spending and signs of inflation peaking eased worries about a sharp slowdown in economic growth. The benchmark index .SPX and the tech-heavy Nasdaq .IXIC appeared set to snap their longest weekly losing streak since the dotcom bust in 2001, up 5.8% and 6% respectively for the week.
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Enterprise software maker Autodesk Inc ADSK.O and PC maker Dell Technologies Inc DELL.N jumped 9.7% and 12% respectively, after they beat quarterly revenue and profit estimates. By Devik Jain and Anisha Sircar May 27 (Reuters) - The S&P 500 index on Friday was set for its best weekly gain since mid-March as upbeat earnings, strength in consumer spending and signs of inflation peaking eased worries about a sharp slowdown in economic growth. A mixed set of economic data, some optimistic retail earnings forecasts, and less hawkish minutes from the Fed's May meeting brought back investors this week.
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31c846b5-1720-4b95-988c-2e1e0b25ba8b
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725766.0
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2022-05-27 00:00:00 UTC
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Wall Street rallies, snaps longest weekly losing streak in decades
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DELL
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https://www.nasdaq.com/articles/wall-street-rallies-snaps-longest-weekly-losing-streak-in-decades
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nan
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nan
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By Stephen Culp
NEW YORK, May 27 (Reuters) - Wall Street closed sharply higher on Friday as signs of peaking inflation and consumer resiliency sent investors into the long holiday weekend with growing optimism that the Federal Reserve will be able to tighten monetary policy without tipping the economy into recession.
All three major U.S. stock indexes brought a decisive end to their longest weekly losing streaks in decades.
The S&P and the Nasdaq suffered seven consecutive weekly declines, the longest since the end of the dot-com bust, while the blue-chip Dow's eight-week selloff was its longest since 1932.
"The market has now discounted a lot of the negative news, a lot (of which) hit all at once," said Keith Buchanan, portfolio manager at GLOBALT in Atlanta. "Now we have absorbed that news and the actions the Fed is going to take, and we’re wrapping up earnings season."
"The signs are lining up and the boxes are being checked that we expect to develop when the market starts to form a bottom," Buchanan added.
During the S&P's seven straight weeks of losses, from its April 1 to May 20 Friday closes, the bellwether index shed 14.2% of its value and threatened to confirm it has been in a bear market since its Jan. 3 record closing high.
But this week, in a sharp reversal, the S&P reclaimed much of that lost ground by soaring 6.6%, its best week since November 2020.
"It was inevitable that the losing streak would end," said Tim Ghriskey, senior portfolio strategist Ingalls & Snyder in New York. "Corrections and bear markets are followed by 'up' markets."
Generally upbeat earnings guidance and solid economic indicators have fueled hopes that the Fed's hawkish maneuvers to contain decades-high inflation will not cool the economy into contraction.
Data released on Friday showed better-than-expected consumer spending and appeared to confirm that inflation, which has dampened corporate earnings guidance and weighed on investor sentiment, has peaked.
This, combined with the minutes from the central bank's most recent policy meeting, which reaffirmed its commitment to rein in spiking prices while remaining responsive to economic data, helped boost risk appetite.
The Dow Jones Industrial Average .DJI rose 575.77 points, or 1.76%, to 33,212.96, the S&P 500 .SPX gained 100.4 points, or 2.47%, to 4,158.24 and the Nasdaq Composite .IXIC added 390.48 points, or 3.33%, to 12,131.13.
All 11 major sectors of the S&P 500 advanced amid light trading, with consumer discretionary .SPLRCD, tech .SPLRCT and real estate .SPLRCR notching the biggest percentage gains.
Shares of Apple Inc AAPL.O, Microsoft Corp MSFT.O and Tesla Inc TSLA.O provided the strongest lift.
First-quarter earnings season is largely in the bag, with 488 of the companies in the S&P 500 having reported. Of those, 77% have beaten consensus expectations, according to Refinitiv.
Ulta Beauty ULTA.O gained 12.5% following its upbeat quarterly earnings report.
Computer hardware company Dell Technologies Inc DELL.N surged 12.9% after beating quarterly profit and revenue estimates.
Apparel retailers Gap Inc GPS.N and American Eagle Outfitters AEO.N trimmed their annual profit forecasts. The latter dropped 6.6%, while the former rebounded and ended up 4.3%.
Trading volumes were light ahead of the long weekend, with U.S. stock markets closed on Monday in observance of Memorial Day.
Volume on U.S. exchanges was 10.92 billion shares, compared with the 13.13 billion average over the last 20 trading days.
Advancing issues outnumbered declining ones on the NYSE by a 6.49-to-1 ratio; on Nasdaq, a 4.13-to-1 ratio favored advancers.
The S&P 500 posted 3 new 52-week highs and 29 new lows; the Nasdaq Composite recorded 40 new highs and 84 new lows.
(Reporting by Stephen Culp in New York Additional reporting by Devik Jain and Anisha Sircar in Bengaluru Editing by Vinay Dwivedi and Matthew Lewis)
((stephen.culp@thomsonreuters.com; 646-223-6076;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Computer hardware company Dell Technologies Inc DELL.N surged 12.9% after beating quarterly profit and revenue estimates. By Stephen Culp NEW YORK, May 27 (Reuters) - Wall Street closed sharply higher on Friday as signs of peaking inflation and consumer resiliency sent investors into the long holiday weekend with growing optimism that the Federal Reserve will be able to tighten monetary policy without tipping the economy into recession. Data released on Friday showed better-than-expected consumer spending and appeared to confirm that inflation, which has dampened corporate earnings guidance and weighed on investor sentiment, has peaked.
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Computer hardware company Dell Technologies Inc DELL.N surged 12.9% after beating quarterly profit and revenue estimates. By Stephen Culp NEW YORK, May 27 (Reuters) - Wall Street closed sharply higher on Friday as signs of peaking inflation and consumer resiliency sent investors into the long holiday weekend with growing optimism that the Federal Reserve will be able to tighten monetary policy without tipping the economy into recession. All three major U.S. stock indexes brought a decisive end to their longest weekly losing streaks in decades.
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Computer hardware company Dell Technologies Inc DELL.N surged 12.9% after beating quarterly profit and revenue estimates. By Stephen Culp NEW YORK, May 27 (Reuters) - Wall Street closed sharply higher on Friday as signs of peaking inflation and consumer resiliency sent investors into the long holiday weekend with growing optimism that the Federal Reserve will be able to tighten monetary policy without tipping the economy into recession. During the S&P's seven straight weeks of losses, from its April 1 to May 20 Friday closes, the bellwether index shed 14.2% of its value and threatened to confirm it has been in a bear market since its Jan. 3 record closing high.
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Computer hardware company Dell Technologies Inc DELL.N surged 12.9% after beating quarterly profit and revenue estimates. All three major U.S. stock indexes brought a decisive end to their longest weekly losing streaks in decades. "Corrections and bear markets are followed by 'up' markets."
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49ef2389-8537-4a67-8004-682d741b1096
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725767.0
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2022-05-27 00:00:00 UTC
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Friday Sector Leaders: Computers, Electronic Equipment & Products
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DELL
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https://www.nasdaq.com/articles/friday-sector-leaders%3A-computers-electronic-equipment-products
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nan
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nan
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In trading on Friday, computers shares were relative leaders, up on the day by about 3.6%. Leading the group were shares of Dell Technologies, up about 10.8% and shares of Quantum up about 9.8% on the day.
Also showing relative strength are electronic equipment & products shares, up on the day by about 3.2% as a group, led by Bitnile Holdings, trading higher by about 14.2% and Integrated Media Technology, trading up by about 11.6% on Friday.
VIDEO: Friday Sector Leaders: Computers, Electronic Equipment & Products
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Leading the group were shares of Dell Technologies, up about 10.8% and shares of Quantum up about 9.8% on the day. In trading on Friday, computers shares were relative leaders, up on the day by about 3.6%. Also showing relative strength are electronic equipment & products shares, up on the day by about 3.2% as a group, led by Bitnile Holdings, trading higher by about 14.2% and Integrated Media Technology, trading up by about 11.6% on Friday.
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Leading the group were shares of Dell Technologies, up about 10.8% and shares of Quantum up about 9.8% on the day. In trading on Friday, computers shares were relative leaders, up on the day by about 3.6%. Also showing relative strength are electronic equipment & products shares, up on the day by about 3.2% as a group, led by Bitnile Holdings, trading higher by about 14.2% and Integrated Media Technology, trading up by about 11.6% on Friday.
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Leading the group were shares of Dell Technologies, up about 10.8% and shares of Quantum up about 9.8% on the day. In trading on Friday, computers shares were relative leaders, up on the day by about 3.6%. Also showing relative strength are electronic equipment & products shares, up on the day by about 3.2% as a group, led by Bitnile Holdings, trading higher by about 14.2% and Integrated Media Technology, trading up by about 11.6% on Friday.
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Leading the group were shares of Dell Technologies, up about 10.8% and shares of Quantum up about 9.8% on the day. In trading on Friday, computers shares were relative leaders, up on the day by about 3.6%. Also showing relative strength are electronic equipment & products shares, up on the day by about 3.2% as a group, led by Bitnile Holdings, trading higher by about 14.2% and Integrated Media Technology, trading up by about 11.6% on Friday.
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6fd8e995-b72a-4fe7-8357-045782e25614
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725768.0
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2022-05-27 00:00:00 UTC
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US STOCKS-Wall Street surges, on course to snap longest weekly losing streak in decades
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DELL
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https://www.nasdaq.com/articles/us-stocks-wall-street-surges-on-course-to-snap-longest-weekly-losing-streak-in-decades
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nan
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nan
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By Stephen Culp
NEW YORK, May 27 (Reuters) - Wall Street extended its rally on Friday as signs of peaking inflation and consumer resiliency sent investors into the long holiday weekend with growing optimism that the Federal Reserve's policy tightening can avoid tipping the economy into recession.
All three major U.S. stock indexes were sharply higher and on track to snap their longest weekly losing streaks in decades.
"We’re in one of those rebound periods," said Tim Ghriskey, senior portfolio strategist Ingalls & Snyder in New York. "Does that mean that the market has found its bottom? We’ll have to see how much staying power this advance has."
"It feels good but something tells me that the selling is not over," Ghriskey added.
The S&P and the Nasdaq suffered seven consecutive weekly declines, the longest since the end of the dot-com bust, while the blue-chip Dow's eight-week selloff was its longest since 1932.
During the S&P's seven weeks of consecutive losses, the bellwether index shed 14.2% of its value, from its April 1 to May 20 Friday closes, during which it threatened to confirm it has been in a bear market since its Jan. 3 record closing high.
"It was inevitable that the losing streak would end," Ghriskey said. "Corrections and bear markets are followed by up markets."
Generally upbeat earnings guidance and solid economic indicators have fueled hopes that the Fed's hawkish maneuvers to contain decades-high inflation will not cool the economy into contraction.
Data released on Friday showed better-than-expected consumer spending and appeared to confirm that inflation, which has dampened corporate earnings guidance and weighed on investor sentiment, has peaked.
This, combined with the minutes from the central bank's most recent policy meeting, which reaffirmed its commitment to rein in spiking prices while remaining responsive to economic data, helped boost risk appetite.
The Dow Jones Industrial Average .DJI rose 342.23 points, or 1.05%, to 32,979.42, the S&P 500 .SPX gained 69.97 points, or 1.72%, to 4,127.81 and the Nasdaq Composite .IXIC added 300.70 points, or 2.56%, to 12,041.35.
All 11 major sectors of the S&P 500 were in positive territory amid light trading, with real estate .SPLRCR and tech .SPLRCT enjoying the largest percentage gains.
Shares of Apple Inc AAPL.O, Microsoft Corp MSFT.O and Tesla Inc TSLA.O provided the strongest lift.
First-quarter earnings season is largely in the bag, with 488 of the companies in the S&P 500 having reported. Of those, 77% have beaten consensus expectations, according to Refinitiv.
Ulta Beauty ULTA.O gained 10.4% following its upbeat quarterly earnings report.
Computer hardware company Dell Technologies Inc DELL.N surged 12.1% after beating quarterly profit and revenue estimates.
Apparel retailers Gap Inc GPS.N and American Eagle Outfitters AEO.N trimmed their annual profit forecasts. The latter dropped 5.5%, while the former rebounded and was last up 2.9%.
Trading volumes are expected to be light ahead of the long weekend, with U.S. stock markets closed on Monday in observance of Memorial Day.
Advancing issues outnumbered declining ones on the NYSE by a 5.96-to-1 ratio; on Nasdaq, a 3.77-to-1 ratio favored advancers.
The S&P 500 posted 3 new 52-week highs and 29 new lows; the Nasdaq Composite recorded 36 new highs and 75 new lows.
(Reporting by Stephen Culp in New York Additional reporting by Devik Jain and Anisha Sircar in Bengaluru Editing by Vinay Dwivedi and Matthew Lewis)
((stephen.culp@thomsonreuters.com; 646-223-6076;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Computer hardware company Dell Technologies Inc DELL.N surged 12.1% after beating quarterly profit and revenue estimates. By Stephen Culp NEW YORK, May 27 (Reuters) - Wall Street extended its rally on Friday as signs of peaking inflation and consumer resiliency sent investors into the long holiday weekend with growing optimism that the Federal Reserve's policy tightening can avoid tipping the economy into recession. Data released on Friday showed better-than-expected consumer spending and appeared to confirm that inflation, which has dampened corporate earnings guidance and weighed on investor sentiment, has peaked.
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Computer hardware company Dell Technologies Inc DELL.N surged 12.1% after beating quarterly profit and revenue estimates. All three major U.S. stock indexes were sharply higher and on track to snap their longest weekly losing streaks in decades. The Dow Jones Industrial Average .DJI rose 342.23 points, or 1.05%, to 32,979.42, the S&P 500 .SPX gained 69.97 points, or 1.72%, to 4,127.81 and the Nasdaq Composite .IXIC added 300.70 points, or 2.56%, to 12,041.35.
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Computer hardware company Dell Technologies Inc DELL.N surged 12.1% after beating quarterly profit and revenue estimates. By Stephen Culp NEW YORK, May 27 (Reuters) - Wall Street extended its rally on Friday as signs of peaking inflation and consumer resiliency sent investors into the long holiday weekend with growing optimism that the Federal Reserve's policy tightening can avoid tipping the economy into recession. During the S&P's seven weeks of consecutive losses, the bellwether index shed 14.2% of its value, from its April 1 to May 20 Friday closes, during which it threatened to confirm it has been in a bear market since its Jan. 3 record closing high.
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Computer hardware company Dell Technologies Inc DELL.N surged 12.1% after beating quarterly profit and revenue estimates. During the S&P's seven weeks of consecutive losses, the bellwether index shed 14.2% of its value, from its April 1 to May 20 Friday closes, during which it threatened to confirm it has been in a bear market since its Jan. 3 record closing high. Ulta Beauty ULTA.O gained 10.4% following its upbeat quarterly earnings report.
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4cc4c597-67e8-4342-941d-5390351aa8ad
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725769.0
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2022-05-27 00:00:00 UTC
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Stock Market Today: Dow Jones, S&P 500 Edge Higher; Dell Up On Solid Quarter
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DELL
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https://www.nasdaq.com/articles/stock-market-today%3A-dow-jones-sp-500-edge-higher-dell-up-on-solid-quarter
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nan
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nan
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Stock Market Today Mid-Morning Updates
On Friday, the Dow Jones Industrial Average is up 220 points and is on track to end its weeks-long losing streak. This comes after a slew of upbeat corporate reporting that has given investors some relief over the week. For instance, shares of Dollar Tree (NASDAQ: DLTR) are up after posting a solid quarter. In The Russia-Ukraine war, Russian forces are increasing their foothold over Ukraine’s eastern region of Donbas. It recently captured several villages as it attempts to surround Severodonetsk, a city in the Luhansk Oblast.
Shares of Pinduoduo (NASDAQ: PDD) are up today after the e-commerce company reported better-than-expected financials. The lockdowns in China have spurred online spending. Canopy Growth (NASDAQ: CGC) is down by over 14% on today’s opening bell after it missed both earnings and revenue estimates. However, the company says that it expects to be profitable on an adjusted basis in fiscal 2024.
Among the Dow Jones leaders, shares of Apple (NASDAQ: AAPL) are up by 2.55% today while Microsoft (NASDAQ: MSFT) is also up by 1.97%. Meanwhile, Disney (NYSE: DIS) and Nike (NYSE: NKE) are trading higher by 1.91% and 1.71% respectively on Friday. Among the Dow financial leaders, Visa (NYSE: V) is up by 1.44% while JPMorgan Chase (NYSE: JPM) is also up by 0.89%
Shares of EV leader Tesla (NASDAQ: TSLA) are up by 4.88% on Friday. Rival EV companies like Rivian (NASDAQ: RIVN) are up by 7.68%. Lucid Group (NASDAQ: LCID) is also up by 4.45% today. Chinese EV leaders like Nio (NYSE: NIO) and Xpeng Motors (NYSE: XPEV) are trading mixed today.
Dow Jones Today: U.S. Treasury Yields Trades At 2.7%; PCE Increase Slowing Down
Following the stock market opening on Friday, the Dow, S&P 500, and Nasdaq are all trading higher at 1.47%, 0.70%, and 2.15% respectively. Among exchange-traded funds, the Nasdaq 100 tracker Invesco QQQ Trust (NASDAQ: QQQ) is up by 2.18% while the SPDR S&P 500 ETF (NYSEARCA: SPY) is also up by 1.47%.
The benchmark 10-year U.S. Treasury yield is steadying at around 2.7% as investors gain insight into another set of economic data today. The core personal consumption expenditures (PCE) is also the Federal Reserve’s favorite gauge of underlying inflation. Diving in, it rose by 4.9% year-over-year in April and is in line with estimates. It also marks a deceleration from March. Furthermore, personal income rose slightly less than expected, and spending beat estimates as consumers tapped into their savings.
[Read More] Top Stock Market News For Today May 27, 2022
Dell Gains Following Strong Quarterly Performance; Sees Record First Fiscal Quarter
Dell (NYSE: DELL) seems to be gaining momentum in thestock market todayfollowing its latest earnings release. After yesterday’s closing bell, the company reported stellar figures across the board in its first fiscal quarter report. According to the press release, Dell’s quarterly earnings per share is $1.84. Moreover, the company’s total revenue for the quarter is $26.1 billion. For comparison, consensus figures on Wall Street are earnings of $1.39 a share on revenue of $25.23 billion. As a result of the noticeable earnings beat, DELL stock would be in the spotlight today. Not to mention, with the recent weakness amongst tech stocks in general, long-term investors could be eyeing the company’s shares now.
Overall, according to Dell, the company posted record figures in terms of first-quarter revenue, operating income, and diluted earnings per share. Also worth mentioning, the company’s operating income is up by over 57% year-over-year. Speaking on this further is co-CCO Chuck Whitten. He starts by saying “Our first quarter – with record Q1 revenue, operating income and diluted EPS – demonstrates the benefits of having a strong, geographically and sector-diverse business covering the edge to the core data center to the cloud.” Whitten also adds that the adaptability of Dell’s operations positions the company to “pursue growth wherever it materializes in the IT market.”
On top of that, CFO Tom Sweet also added that Dell returned $1.75 billion via share repurchases and dividends throughout the quarter. In the larger scheme of things, it seems like Dell continues to kick into high gear. This would be crucial as the company continues to adapt its offerings to shifting enterprise IT needs. With all this in mind, investors would be looking at DELL stock now.
Source: TradingView
[Read More] Best Health Care Stocks To Invest In 2022? 3 Names To Watch
Zscaler Stock In Focus After Latest Earnings Update; Reveals New Partnership With Siemens
Another name grabbing headline in thestock market todaywould be Zscaler (NASDAQ: ZS). On the whole, the cybersecurity titan is on the rise following the announcement of its latest financial results. Notably, according to Zscaler’s earnings report, the company’s total revenue for the quarter is $286.8 million. This adds up to a year-over-year increase of 63%. Aside from that, Zscaler’s total calculated billings are up by 54% year-over-year, totaling $345.6 million.
According to CEO Jay Chaudry, the company has persisting strength in its enterprise business to thank for the current quarter. In his words, “Enterprises continue to consolidate point products in favor of our integrated Zero Trust security platform, resulting in larger, multi-year commitments to Zscaler.” Chaudry also adds, “As a result of increasing demand, we are also raising our fiscal year guidance on all financial metrics.”
At the same time, Zscaler is also actively expanding its work with partners. Namely, the company alongside Siemens (OTCMKTS: SIEGY) will be showcasing the world’s first “Zero Trust OT Security Platform.” The duo will be doing so at the Hannover Messe Fair next week. According to Zscaler, this new automation software solution “enables customers to securely manage, control quality assurance, and analyze production OT infrastructures and its applications from any workplace in any location.” With Zscaler’s current momentum, it would not surprise me to see investors eyeing ZS stock at today’s opening bell.
Source: TradingView
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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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He starts by saying “Our first quarter – with record Q1 revenue, operating income and diluted EPS – demonstrates the benefits of having a strong, geographically and sector-diverse business covering the edge to the core data center to the cloud.” Whitten also adds that the adaptability of Dell’s operations positions the company to “pursue growth wherever it materializes in the IT market.” On top of that, CFO Tom Sweet also added that Dell returned $1.75 billion via share repurchases and dividends throughout the quarter. [Read More] Top Stock Market News For Today May 27, 2022 Dell Gains Following Strong Quarterly Performance; Sees Record First Fiscal Quarter Dell (NYSE: DELL) seems to be gaining momentum in thestock market todayfollowing its latest earnings release. According to the press release, Dell’s quarterly earnings per share is $1.84.
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[Read More] Top Stock Market News For Today May 27, 2022 Dell Gains Following Strong Quarterly Performance; Sees Record First Fiscal Quarter Dell (NYSE: DELL) seems to be gaining momentum in thestock market todayfollowing its latest earnings release. According to the press release, Dell’s quarterly earnings per share is $1.84. As a result of the noticeable earnings beat, DELL stock would be in the spotlight today.
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[Read More] Top Stock Market News For Today May 27, 2022 Dell Gains Following Strong Quarterly Performance; Sees Record First Fiscal Quarter Dell (NYSE: DELL) seems to be gaining momentum in thestock market todayfollowing its latest earnings release. He starts by saying “Our first quarter – with record Q1 revenue, operating income and diluted EPS – demonstrates the benefits of having a strong, geographically and sector-diverse business covering the edge to the core data center to the cloud.” Whitten also adds that the adaptability of Dell’s operations positions the company to “pursue growth wherever it materializes in the IT market.” On top of that, CFO Tom Sweet also added that Dell returned $1.75 billion via share repurchases and dividends throughout the quarter. According to the press release, Dell’s quarterly earnings per share is $1.84.
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[Read More] Top Stock Market News For Today May 27, 2022 Dell Gains Following Strong Quarterly Performance; Sees Record First Fiscal Quarter Dell (NYSE: DELL) seems to be gaining momentum in thestock market todayfollowing its latest earnings release. According to the press release, Dell’s quarterly earnings per share is $1.84. As a result of the noticeable earnings beat, DELL stock would be in the spotlight today.
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e4988dcf-4ed9-4ed2-8a1b-33c6c3d477e9
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725770.0
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2022-05-27 00:00:00 UTC
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Pre-market Movers: IOVA, MRTX, BIG, GPS, PMVP…
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DELL
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https://www.nasdaq.com/articles/pre-market-movers%3A-iova-mrtx-big-gps-pmvp...
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nan
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nan
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(RTTNews) - The following are some of the stocks making big moves in Friday's pre-market trading (as of 07.30 A.M. ET).
In the Green
PMV Pharmaceuticals, Inc. (PMVP) is up over 15% at $15.20 Super Group (SGHC) Limited (SGHC) is up over 14% at $6.88 Solo Brands, Inc. (DTC) is up over 14% at $5.20 Adicet Bio, Inc. (ACET) is up over 12% at $11.55 Red Robin Gourmet Burgers, Inc. (RRGB) is up over 11% at $9.64 Dell Technologies Inc. (DELL) is up over 10% at $48.51 Allego N.V. (ALLG) is up over 10% at $9.45 Concert Pharmaceuticals, Inc. (CNCE) is up over 9% at $5.52 Ulta Beauty, Inc. (ULTA) is up over 8% at $410 Bright Green Corporation (BGXX) is up over 6% at $8.41
In the Red
Iovance Biotherapeutics, Inc. (IOVA) is down over 47% at $7.96 Mirati Therapeutics, Inc. (MRTX) is down over 21% at $45.98 Big Lots, Inc. (BIG) is down over 21% at $24.10 The Gap, Inc. (GPS) is down over 17% at $9.20 Aurora Cannabis Inc. (ACB) is down over 14% at $2.34 American Eagle Outfitters, Inc. (AEO) is down over 13% at $12.12 ATRenew Inc. (RERE) is down over 11% at $2.51 Workday, Inc. (WDAY) is down over 9% at $152.00 SciSparc Ltd. (SPRC) is down over 7% at $3.09 Hibbett, Inc. (HIBB) is down over 6% at $47.80 MSP Recovery, Inc. (MSPR) is down over 5% at $2.42
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In the Green PMV Pharmaceuticals, Inc. (PMVP) is up over 15% at $15.20 Super Group (SGHC) Limited (SGHC) is up over 14% at $6.88 Solo Brands, Inc. (DTC) is up over 14% at $5.20 Adicet Bio, Inc. (ACET) is up over 12% at $11.55 Red Robin Gourmet Burgers, Inc. (RRGB) is up over 11% at $9.64 Dell Technologies Inc. (DELL) is up over 10% at $48.51 Allego N.V. (ALLG) is up over 10% at $9.45 Concert Pharmaceuticals, Inc. (CNCE) is up over 9% at $5.52 Ulta Beauty, Inc. (ULTA) is up over 8% at $410 Bright Green Corporation (BGXX) is up over 6% at $8.41 In the Red Iovance Biotherapeutics, Inc. (IOVA) is down over 47% at $7.96 Mirati Therapeutics, Inc. (MRTX) is down over 21% at $45.98 Big Lots, Inc. (BIG) is down over 21% at $24.10 The Gap, Inc. (GPS) is down over 17% at $9.20 Aurora Cannabis Inc. (ACB) is down over 14% at $2.34 American Eagle Outfitters, Inc. (AEO) is down over 13% at $12.12 ATRenew Inc. (RERE) is down over 11% at $2.51 Workday, Inc. (WDAY) is down over 9% at $152.00 SciSparc Ltd. (SPRC) is down over 7% at $3.09 Hibbett, Inc. (HIBB) is down over 6% at $47.80 MSP Recovery, Inc. (MSPR) is down over 5% at $2.42 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. (RTTNews) - The following are some of the stocks making big moves in Friday's pre-market trading (as of 07.30 A.M. ET).
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In the Green PMV Pharmaceuticals, Inc. (PMVP) is up over 15% at $15.20 Super Group (SGHC) Limited (SGHC) is up over 14% at $6.88 Solo Brands, Inc. (DTC) is up over 14% at $5.20 Adicet Bio, Inc. (ACET) is up over 12% at $11.55 Red Robin Gourmet Burgers, Inc. (RRGB) is up over 11% at $9.64 Dell Technologies Inc. (DELL) is up over 10% at $48.51 Allego N.V. (ALLG) is up over 10% at $9.45 Concert Pharmaceuticals, Inc. (CNCE) is up over 9% at $5.52 Ulta Beauty, Inc. (ULTA) is up over 8% at $410 Bright Green Corporation (BGXX) is up over 6% at $8.41 In the Red Iovance Biotherapeutics, Inc. (IOVA) is down over 47% at $7.96 Mirati Therapeutics, Inc. (MRTX) is down over 21% at $45.98 Big Lots, Inc. (BIG) is down over 21% at $24.10 The Gap, Inc. (GPS) is down over 17% at $9.20 Aurora Cannabis Inc. (ACB) is down over 14% at $2.34 American Eagle Outfitters, Inc. (AEO) is down over 13% at $12.12 ATRenew Inc. (RERE) is down over 11% at $2.51 Workday, Inc. (WDAY) is down over 9% at $152.00 SciSparc Ltd. (SPRC) is down over 7% at $3.09 Hibbett, Inc. (HIBB) is down over 6% at $47.80 MSP Recovery, Inc. (MSPR) is down over 5% at $2.42 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. (RTTNews) - The following are some of the stocks making big moves in Friday's pre-market trading (as of 07.30 A.M. ET).
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In the Green PMV Pharmaceuticals, Inc. (PMVP) is up over 15% at $15.20 Super Group (SGHC) Limited (SGHC) is up over 14% at $6.88 Solo Brands, Inc. (DTC) is up over 14% at $5.20 Adicet Bio, Inc. (ACET) is up over 12% at $11.55 Red Robin Gourmet Burgers, Inc. (RRGB) is up over 11% at $9.64 Dell Technologies Inc. (DELL) is up over 10% at $48.51 Allego N.V. (ALLG) is up over 10% at $9.45 Concert Pharmaceuticals, Inc. (CNCE) is up over 9% at $5.52 Ulta Beauty, Inc. (ULTA) is up over 8% at $410 Bright Green Corporation (BGXX) is up over 6% at $8.41 In the Red Iovance Biotherapeutics, Inc. (IOVA) is down over 47% at $7.96 Mirati Therapeutics, Inc. (MRTX) is down over 21% at $45.98 Big Lots, Inc. (BIG) is down over 21% at $24.10 The Gap, Inc. (GPS) is down over 17% at $9.20 Aurora Cannabis Inc. (ACB) is down over 14% at $2.34 American Eagle Outfitters, Inc. (AEO) is down over 13% at $12.12 ATRenew Inc. (RERE) is down over 11% at $2.51 Workday, Inc. (WDAY) is down over 9% at $152.00 SciSparc Ltd. (SPRC) is down over 7% at $3.09 Hibbett, Inc. (HIBB) is down over 6% at $47.80 MSP Recovery, Inc. (MSPR) is down over 5% at $2.42 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. (RTTNews) - The following are some of the stocks making big moves in Friday's pre-market trading (as of 07.30 A.M. ET).
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In the Green PMV Pharmaceuticals, Inc. (PMVP) is up over 15% at $15.20 Super Group (SGHC) Limited (SGHC) is up over 14% at $6.88 Solo Brands, Inc. (DTC) is up over 14% at $5.20 Adicet Bio, Inc. (ACET) is up over 12% at $11.55 Red Robin Gourmet Burgers, Inc. (RRGB) is up over 11% at $9.64 Dell Technologies Inc. (DELL) is up over 10% at $48.51 Allego N.V. (ALLG) is up over 10% at $9.45 Concert Pharmaceuticals, Inc. (CNCE) is up over 9% at $5.52 Ulta Beauty, Inc. (ULTA) is up over 8% at $410 Bright Green Corporation (BGXX) is up over 6% at $8.41 In the Red Iovance Biotherapeutics, Inc. (IOVA) is down over 47% at $7.96 Mirati Therapeutics, Inc. (MRTX) is down over 21% at $45.98 Big Lots, Inc. (BIG) is down over 21% at $24.10 The Gap, Inc. (GPS) is down over 17% at $9.20 Aurora Cannabis Inc. (ACB) is down over 14% at $2.34 American Eagle Outfitters, Inc. (AEO) is down over 13% at $12.12 ATRenew Inc. (RERE) is down over 11% at $2.51 Workday, Inc. (WDAY) is down over 9% at $152.00 SciSparc Ltd. (SPRC) is down over 7% at $3.09 Hibbett, Inc. (HIBB) is down over 6% at $47.80 MSP Recovery, Inc. (MSPR) is down over 5% at $2.42 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. (RTTNews) - The following are some of the stocks making big moves in Friday's pre-market trading (as of 07.30 A.M. ET).
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5fc32123-e3cd-4437-acb2-0f5779c93924
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725771.0
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2022-05-27 00:00:00 UTC
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Dell Technologies Adds 13% On Q1 Profit
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DELL
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https://www.nasdaq.com/articles/dell-technologies-adds-13-on-q1-profit
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nan
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nan
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(RTTNews) - Dell Technologies Inc. (DELL) shares are gaining more than 13 percent on Friday morning after the company reported a 21 percent increase first-quarter net profit attributable to the company.
The quarterly earnings were $1.07 billion or $1.37 per share, compared to $887 million last year.
Revenue for the quarter increased 16 percent to $26.116 billion from $22.590 billion a year ago.
Currently, shares are at $49.77, up 13.29 percent from the previous close of $43.93 on a volume of 5,737,877.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Dell Technologies Inc. (DELL) shares are gaining more than 13 percent on Friday morning after the company reported a 21 percent increase first-quarter net profit attributable to the company. The quarterly earnings were $1.07 billion or $1.37 per share, compared to $887 million last year. Currently, shares are at $49.77, up 13.29 percent from the previous close of $43.93 on a volume of 5,737,877.
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(RTTNews) - Dell Technologies Inc. (DELL) shares are gaining more than 13 percent on Friday morning after the company reported a 21 percent increase first-quarter net profit attributable to the company. Revenue for the quarter increased 16 percent to $26.116 billion from $22.590 billion a year ago. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Dell Technologies Inc. (DELL) shares are gaining more than 13 percent on Friday morning after the company reported a 21 percent increase first-quarter net profit attributable to the company. Revenue for the quarter increased 16 percent to $26.116 billion from $22.590 billion a year ago. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Dell Technologies Inc. (DELL) shares are gaining more than 13 percent on Friday morning after the company reported a 21 percent increase first-quarter net profit attributable to the company. The quarterly earnings were $1.07 billion or $1.37 per share, compared to $887 million last year. Revenue for the quarter increased 16 percent to $26.116 billion from $22.590 billion a year ago.
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6e0d32d3-515b-4a81-a5ec-2208c0831174
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725772.0
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2022-05-27 00:00:00 UTC
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US STOCKS-Futures inch up ahead of economic data, Gap slumps on outlook cut
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DELL
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https://www.nasdaq.com/articles/us-stocks-futures-inch-up-ahead-of-economic-data-gap-slumps-on-outlook-cut
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nan
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nan
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For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window
Futures up: Dow 0.10%, S&P 0.30%, Nasdaq 0.47%
May 27 (Reuters) - U.S. stock index futures edged higher on Friday ahead of data which will likely offer clues on U.S. consumer spending strength against the backdrop of red-hot inflation, while shares of Gap slumped after the retailer slashed its annual forecast.
The Commerce Department's report at 08:30 a.m. ET is expected to show consumer spending rose 0.7% in April, easing from a stronger 1.1% in March, as inflation stays hot in the wake of higher fuel and food prices.
Another set of numbers is likely to show the core personal consumption expenditures price index gained 0.3% last month, after climbing at the same pace in March.
Wall Street's main indexes closed sharply higher on Thursday after some optimistic retail earnings outlook, mixed economic data and less-hawkish minutes from the U.S. Federal Reserve's meeting brought back buyers into the market on waning concerns about aggressive interest rate hikes.
The three major indexes are on track to snap their longest weekly losing streaks in decades. The benchmark S&P 500 .SPX and the blue-chip Dow .DJI have gained more than 4% each so far this week, while the tech-heavy Nasdaq .IXIC rose 3.4%.
All three of them are tracking their best weekly gain since mid-March.
At 06:25 a.m. ET, Dow e-minis 1YMcv1 were up 33 points, or 0.1%, S&P 500 e-minis EScv1 were up 12 points, or 0.3%, and Nasdaq 100 e-minis NQcv1 were up 57.25 points, or 0.47%.
Gap Inc GPS.N slumped 19.1% in premarket trading after the clothing retailer posted a much wider-than-expected quarterly loss and slashed its annual results forecast due to weak demand in the face of decades-high inflation.
Costco Wholesale Corp COST.O slipped 2% after the membership-only retailer reported a fall in gross margins, hit by soaring freight and labor costs across the United States.
Dell Technologies Inc DELL.N jumped 12.4% after it posted upbeat quarterly profit and revenue, as enterprises invested heavily to support hybrid work.
The CBOE volatility index .VIX fell for the third straight session and was last at 27.18 points.
(Reporting by Devik Jain in Bengaluru; Editing by Shounak Dasgupta)
((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2062))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies Inc DELL.N jumped 12.4% after it posted upbeat quarterly profit and revenue, as enterprises invested heavily to support hybrid work. ET is expected to show consumer spending rose 0.7% in April, easing from a stronger 1.1% in March, as inflation stays hot in the wake of higher fuel and food prices. Wall Street's main indexes closed sharply higher on Thursday after some optimistic retail earnings outlook, mixed economic data and less-hawkish minutes from the U.S. Federal Reserve's meeting brought back buyers into the market on waning concerns about aggressive interest rate hikes.
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Dell Technologies Inc DELL.N jumped 12.4% after it posted upbeat quarterly profit and revenue, as enterprises invested heavily to support hybrid work. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Futures up: Dow 0.10%, S&P 0.30%, Nasdaq 0.47% May 27 (Reuters) - U.S. stock index futures edged higher on Friday ahead of data which will likely offer clues on U.S. consumer spending strength against the backdrop of red-hot inflation, while shares of Gap slumped after the retailer slashed its annual forecast. ET is expected to show consumer spending rose 0.7% in April, easing from a stronger 1.1% in March, as inflation stays hot in the wake of higher fuel and food prices.
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Dell Technologies Inc DELL.N jumped 12.4% after it posted upbeat quarterly profit and revenue, as enterprises invested heavily to support hybrid work. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Futures up: Dow 0.10%, S&P 0.30%, Nasdaq 0.47% May 27 (Reuters) - U.S. stock index futures edged higher on Friday ahead of data which will likely offer clues on U.S. consumer spending strength against the backdrop of red-hot inflation, while shares of Gap slumped after the retailer slashed its annual forecast. Wall Street's main indexes closed sharply higher on Thursday after some optimistic retail earnings outlook, mixed economic data and less-hawkish minutes from the U.S. Federal Reserve's meeting brought back buyers into the market on waning concerns about aggressive interest rate hikes.
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Dell Technologies Inc DELL.N jumped 12.4% after it posted upbeat quarterly profit and revenue, as enterprises invested heavily to support hybrid work. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Futures up: Dow 0.10%, S&P 0.30%, Nasdaq 0.47% May 27 (Reuters) - U.S. stock index futures edged higher on Friday ahead of data which will likely offer clues on U.S. consumer spending strength against the backdrop of red-hot inflation, while shares of Gap slumped after the retailer slashed its annual forecast. The Commerce Department's report at 08:30 a.m.
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dbacb1d0-0c41-4d7d-affe-aa7109d605ac
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725773.0
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2022-05-27 00:00:00 UTC
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US STOCKS-Wall St gains as economic data allays growth concerns
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DELL
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https://www.nasdaq.com/articles/us-stocks-wall-st-gains-as-economic-data-allays-growth-concerns
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nan
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nan
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By Devik Jain and Anisha Sircar
May 27 (Reuters) - U.S. stocks rallied on Friday, boosted by upbeat earnings, strength in consumer spending and signs that inflation was peaking, easing worries about a sharp slowdown in economic growth.
All of the 11 major S&P sectors advanced in morning trade, with technology .SPLRCT and consumer discretionary .SPLRCD sectors up 2.2% each.
Ulta Beauty ULTA.O gained 11.1% to top the S&P 500 index after the beauty products retailer posted strong first-quarter results, helped by easing COVID-19 curbs.
Dell Technologies Inc DELL.N jumped 11.6% after it posted upbeat quarterly profit and revenue as enterprises invested heavily in supporting hybrid work.
The Commerce Department's report showed consumer spending rose by a more-than-expected 0.9% in April and inflation rose at a slower rate, raising hopes that the Federal Reserve might not hike rates as aggressively as previously thought.
March spending growth was also revised to 1.4% from 1.1%. The personal consumption expenditures price index, the Fed's preferred inflation gauge, gained 0.2% last month after shooting up 0.9% in March.
"If the consumer is able to keep spending and the prior number was revised up, that's good news," said Robert Pavlik, senior portfolio manager at Dakota Wealth in Fairfield, Connecticut.
"Right now it's just a rally in a bear market ... the market has just got extremely oversold and people are looking for bargains."
Wall Street's main indexes closed sharply higher on Thursday after some optimistic retail earnings outlook, mixed economic data and less-hawkish minutes from the U.S. Federal Reserve's meeting brought back buyers into the market.
The three major indexes are on track to snap their longest weekly losing streaks in decades.
The benchmark S&P 500 .SPX, the blue-chip Dow .DJI and the tech-heavy Nasdaq .IXIC have risen more than 5% each so far this the week, putting them on course for their best weekly gain since mid-March.
At 10:07 a.m. ET, the Dow Jones Industrial Average .DJI was up 235.71 points, or 0.72%, at 32,872.90, the S&P 500 .SPX was up 60.51 points, or 1.49%, at 4,118.35, and the Nasdaq Composite .IXIC was up 247.88 points, or 2.11%, at 11,988.53.
Gap Inc GPS.N and American Eagle Outfitters AEO.N fell 3.6% and 3.4% respectively, after the clothing retailers trimmed their annual profit forecasts amid decades-high inflation.
The CBOE volatility index .VIX fell for a third straight session and last stood at 25.97 points.
Advancing issues outnumbered decliners by a 5.76-to-1 ratio on the NYSE and by a 3.24-to-1 ratio on the Nasdaq.
The S&P index recorded two new 52-week highs and 29 new lows, while the Nasdaq recorded 19 new highs and 49 new lows.
(Reporting by Devik Jain and Anisha Sircar in Bengaluru; Editing by Shounak Dasgupta and Vinay Dwivedi)
((Devik.Jain@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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Dell Technologies Inc DELL.N jumped 11.6% after it posted upbeat quarterly profit and revenue as enterprises invested heavily in supporting hybrid work. By Devik Jain and Anisha Sircar May 27 (Reuters) - U.S. stocks rallied on Friday, boosted by upbeat earnings, strength in consumer spending and signs that inflation was peaking, easing worries about a sharp slowdown in economic growth. "If the consumer is able to keep spending and the prior number was revised up, that's good news," said Robert Pavlik, senior portfolio manager at Dakota Wealth in Fairfield, Connecticut.
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Dell Technologies Inc DELL.N jumped 11.6% after it posted upbeat quarterly profit and revenue as enterprises invested heavily in supporting hybrid work. The Commerce Department's report showed consumer spending rose by a more-than-expected 0.9% in April and inflation rose at a slower rate, raising hopes that the Federal Reserve might not hike rates as aggressively as previously thought. The S&P index recorded two new 52-week highs and 29 new lows, while the Nasdaq recorded 19 new highs and 49 new lows.
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Dell Technologies Inc DELL.N jumped 11.6% after it posted upbeat quarterly profit and revenue as enterprises invested heavily in supporting hybrid work. By Devik Jain and Anisha Sircar May 27 (Reuters) - U.S. stocks rallied on Friday, boosted by upbeat earnings, strength in consumer spending and signs that inflation was peaking, easing worries about a sharp slowdown in economic growth. The Commerce Department's report showed consumer spending rose by a more-than-expected 0.9% in April and inflation rose at a slower rate, raising hopes that the Federal Reserve might not hike rates as aggressively as previously thought.
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Dell Technologies Inc DELL.N jumped 11.6% after it posted upbeat quarterly profit and revenue as enterprises invested heavily in supporting hybrid work. By Devik Jain and Anisha Sircar May 27 (Reuters) - U.S. stocks rallied on Friday, boosted by upbeat earnings, strength in consumer spending and signs that inflation was peaking, easing worries about a sharp slowdown in economic growth. All of the 11 major S&P sectors advanced in morning trade, with technology .SPLRCT and consumer discretionary .SPLRCD sectors up 2.2% each.
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e3310143-4656-45d6-87f8-09cfe960b125
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725774.0
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2022-05-27 00:00:00 UTC
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Implied Volatility Surging for Dell Technologies (DELL) Stock Options
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DELL
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https://www.nasdaq.com/articles/implied-volatility-surging-for-dell-technologies-dell-stock-options
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nan
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nan
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Investors in Dell Technologies Inc. DELL need to pay close attention to the stock based on moves in the options market lately. That is because the Jun 17, 2022 $60.00 Call had some of the highest implied volatility of all equity options today.
What is Implied Volatility?
Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?
Clearly, options traders are pricing in a big move for Dell Technologies shares, but what is the fundamental picture for the company? Currently, Dell Technologies is a Zacks Rank #3 (Hold) in the Computers - IT Services industry that ranks in the Bottom 38% of our Zacks Industry Rank. Over the last 60 days, no analysts have increased their earnings estimates for the current quarter, while three analysts have revised the estimates downward. The net effect has taken our Zacks Consensus Estimate for the current quarter from $1.39 per share to $1.38 in that period.
Given the way analysts feel about Dell Technologies right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
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Dell Technologies Inc. (DELL): 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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Clearly, options traders are pricing in a big move for Dell Technologies shares, but what is the fundamental picture for the company? Investors in Dell Technologies Inc. DELL need to pay close attention to the stock based on moves in the options market lately. Currently, Dell Technologies is a Zacks Rank #3 (Hold) in the Computers - IT Services industry that ranks in the Bottom 38% of our Zacks Industry Rank.
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Dell Technologies Inc. (DELL): Free Stock Analysis Report Investors in Dell Technologies Inc. DELL need to pay close attention to the stock based on moves in the options market lately. Clearly, options traders are pricing in a big move for Dell Technologies shares, but what is the fundamental picture for the company?
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Investors in Dell Technologies Inc. DELL need to pay close attention to the stock based on moves in the options market lately. Given the way analysts feel about Dell Technologies right now, this huge implied volatility could mean there’s a trade developing. Clearly, options traders are pricing in a big move for Dell Technologies shares, but what is the fundamental picture for the company?
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Given the way analysts feel about Dell Technologies right now, this huge implied volatility could mean there’s a trade developing. Investors in Dell Technologies Inc. DELL need to pay close attention to the stock based on moves in the options market lately. Clearly, options traders are pricing in a big move for Dell Technologies shares, but what is the fundamental picture for the company?
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ea80068f-63db-4350-805f-7157ba5fda07
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725775.0
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2022-05-27 00:00:00 UTC
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US STOCKS-Wall St set for gains as economic data allays growth worries
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DELL
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https://www.nasdaq.com/articles/us-stocks-wall-st-set-for-gains-as-economic-data-allays-growth-worries
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nan
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nan
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By Devik Jain and Anisha Sircar
May 27 (Reuters) - U.S. stocks were set to open higher on Friday as data showed strength in consumer spending and signs of peaking inflation, providing relief for investors worried about a sharp slowdown in economic growth.
The Commerce Department's report showed consumer spending rose by a more-than-expected 0.9% in April, while March numbers were revised higher to a 1.4% gain from 1.1% as previously reported.
Although inflation continued to increase in April, it was not at the same magnitude as in recent months. The personal consumption expenditures price index, the Fed's preferred inflation gauge, gained 0.2% last month after shooting up 0.9% in March.
"If the consumer is able to keep spending and the prior number was revised up, that's good news," said Robert Pavlik, senior portfolio manager at Dakota Wealth in Fairfield, Connecticut.
"Right now it's just a rally in a bear market ... the market has just got extremely oversold and people are looking for bargains."
Wall Street's main indexes closed sharply higher on Thursday after some optimistic retail earnings outlook, mixed economic data and less-hawkish minutes from the U.S. Federal Reserve's meeting brought back buyers into the market on waning concerns about aggressive interest rate hikes.
The three major indexes are on track to snap their longest weekly losing streaks in decades. The benchmark S&P 500 .SPX and the blue-chip Dow .DJI have gained more than 4% each so far this week, while the tech-heavy Nasdaq .IXIC rose 3.4%.
All three of them are tracking their best weekly gain since mid-March.
"The market needs a lot more buying power to seriously reverse and get back into an uptrend. I don't see that happening anytime soon," Julius de Kempenaer, a senior technical analyst at StockCharts.com, said.
At 8:57 a.m. ET, Dow e-minis 1YMcv1 were up 102 points, or 0.31%, S&P 500 e-minis EScv1 were up 26.75 points, or 0.66%, and Nasdaq 100 e-minis NQcv1 were up 128.75 points, or 1.05%.
Ulta Beauty ULTA.O gained 8.1% in premarket trading after the beauty products retailer forecast strong first-quarter results on fewer COVID-19 restrictions.
Dell Technologies Inc DELL.N jumped 11.3% after it posted upbeat quarterly profit and revenue as enterprises invested heavily to support hybrid work.
Gap Inc GPS.N and American Eagle Outfitters AEO.N sank 19.0% and 10.8%, respectively, after the clothing retailers trimmed their annual profit forecasts in the face of decades-high inflation.
Costco Wholesale Corp COST.O slipped 1.3% after the membership-only retailer reported a fall in gross margins, hit by soaring freight and labor costs across the United States.
The CBOE volatility index .VIX fell for the third straight session and was last at 27.18 points.
(Reporting by Devik Jain and Anisha Sircar in Bengaluru; Editing by Shounak Dasgupta)
((Devik.Jain@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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Dell Technologies Inc DELL.N jumped 11.3% after it posted upbeat quarterly profit and revenue as enterprises invested heavily to support hybrid work. By Devik Jain and Anisha Sircar May 27 (Reuters) - U.S. stocks were set to open higher on Friday as data showed strength in consumer spending and signs of peaking inflation, providing relief for investors worried about a sharp slowdown in economic growth. Wall Street's main indexes closed sharply higher on Thursday after some optimistic retail earnings outlook, mixed economic data and less-hawkish minutes from the U.S. Federal Reserve's meeting brought back buyers into the market on waning concerns about aggressive interest rate hikes.
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Dell Technologies Inc DELL.N jumped 11.3% after it posted upbeat quarterly profit and revenue as enterprises invested heavily to support hybrid work. The Commerce Department's report showed consumer spending rose by a more-than-expected 0.9% in April, while March numbers were revised higher to a 1.4% gain from 1.1% as previously reported. ET, Dow e-minis 1YMcv1 were up 102 points, or 0.31%, S&P 500 e-minis EScv1 were up 26.75 points, or 0.66%, and Nasdaq 100 e-minis NQcv1 were up 128.75 points, or 1.05%.
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Dell Technologies Inc DELL.N jumped 11.3% after it posted upbeat quarterly profit and revenue as enterprises invested heavily to support hybrid work. By Devik Jain and Anisha Sircar May 27 (Reuters) - U.S. stocks were set to open higher on Friday as data showed strength in consumer spending and signs of peaking inflation, providing relief for investors worried about a sharp slowdown in economic growth. The Commerce Department's report showed consumer spending rose by a more-than-expected 0.9% in April, while March numbers were revised higher to a 1.4% gain from 1.1% as previously reported.
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Dell Technologies Inc DELL.N jumped 11.3% after it posted upbeat quarterly profit and revenue as enterprises invested heavily to support hybrid work. By Devik Jain and Anisha Sircar May 27 (Reuters) - U.S. stocks were set to open higher on Friday as data showed strength in consumer spending and signs of peaking inflation, providing relief for investors worried about a sharp slowdown in economic growth. The Commerce Department's report showed consumer spending rose by a more-than-expected 0.9% in April, while March numbers were revised higher to a 1.4% gain from 1.1% as previously reported.
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d7e7ea80-5ca8-4079-b4b8-375ba79ffe69
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725776.0
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2022-05-26 00:00:00 UTC
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Why VMWare Stock Is Up 30% in the Last Week
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DELL
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https://www.nasdaq.com/articles/why-vmware-stock-is-up-30-in-the-last-week
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nan
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nan
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What happened
Shares of cloud-computing infrastructure company VMWare (NYSE: VMW) are up 30% in the last week as of Thursday afternoon, according to data from S&P Global Market Intelligence. That's because rumors of semiconductor giant Broadcom (NASDAQ: AVGO) negotiating a deal proved true. If Broadcom has its way, VMWare will have a new home some 15 years after getting partially spun off from EMC in 2007. EMC is now part of Dell Technologies (NYSE: DELL), which finished divesting its stake in VMWare in 2021.
Image source: Getty Images.
So what
Broadcom is offering VMWare shareholders an option to take either $142.50 in cash for each share they own or 0.252 shares of Broadcom stock. As of market close Thursday evening, the stock is worth nearly $139 ($550.60 per share for Broadcom multiplied by 0.252).
The total price tag to Broadcom would come to $61 billion. VMWare's board of directors has a "go-shop" period lasting until July 5 in which they can solicit and evaluate competing offers. Given this is poised to be one of the largest-ever acquisitions in the technology industry, there are probably only so many suitors out there that could (or would want to) match or beat Broadcom's offer.
Broadcom has been a serial acquirer of infrastructure software businesses in recent years to complement its chip design empire. Adding VMWare's cloud infrastructure and application platform would add further vertical integration for Broadcom. It would also add a bunch of fresh cash flow to what is already a cash generating machine. Broadcom has produced over $14.4 billion in free cash flow over the last trailing-12-month period. It expects the addition of VMWare would add another $8.5 billion in earnings before interest, taxes, depreciation, and amortization (EBITDA) within three years of a deal being finalized.
Now what
This acquisition isn't without its risks. Broadcom is already heavily indebted with $39.2 billion in long-term debt from its previous takeovers. If successful, Broadcom would also assume another $8 billion in VMWare's debt (net of cash and equivalents). To pay for the cash component of the offer, Broadcom has obtained $32 billion in financing, so there's another huge chunk of debt that would be added to the balance sheet.
And of course, there's antitrust regulatory scrutiny that could also put the kibosh on this merger. Broadcom has extensive reach with its semiconductor portfolio, and VMWare has historically been more of a tech agnostic player. I would expect there will be some high hurdles for Broadcom to get a purchase approved, especially in the U.S., Europe, and China. Stay tuned for more details.
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Nicholas Rossolillo and his clients have positions in Broadcom Ltd. The Motley Fool has positions in and recommends Dell Technologies Inc. The Motley Fool recommends Broadcom Ltd and VMware. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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EMC is now part of Dell Technologies (NYSE: DELL), which finished divesting its stake in VMWare in 2021. The Motley Fool has positions in and recommends Dell Technologies Inc. What happened Shares of cloud-computing infrastructure company VMWare (NYSE: VMW) are up 30% in the last week as of Thursday afternoon, according to data from S&P Global Market Intelligence.
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EMC is now part of Dell Technologies (NYSE: DELL), which finished divesting its stake in VMWare in 2021. The Motley Fool has positions in and recommends Dell Technologies Inc. The Motley Fool recommends Broadcom Ltd and VMware.
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EMC is now part of Dell Technologies (NYSE: DELL), which finished divesting its stake in VMWare in 2021. The Motley Fool has positions in and recommends Dell Technologies Inc. So what Broadcom is offering VMWare shareholders an option to take either $142.50 in cash for each share they own or 0.252 shares of Broadcom stock.
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The Motley Fool has positions in and recommends Dell Technologies Inc. EMC is now part of Dell Technologies (NYSE: DELL), which finished divesting its stake in VMWare in 2021. So what Broadcom is offering VMWare shareholders an option to take either $142.50 in cash for each share they own or 0.252 shares of Broadcom stock.
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c32ce6b8-bd6f-4876-8411-6d04c37274b1
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725777.0
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2022-05-26 00:00:00 UTC
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Dell Technologies (DELL) Beats Q1 Earnings and Revenue Estimates
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DELL
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https://www.nasdaq.com/articles/dell-technologies-dell-beats-q1-earnings-and-revenue-estimates
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nan
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nan
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Dell Technologies (DELL) came out with quarterly earnings of $1.84 per share, beating the Zacks Consensus Estimate of $1.38 per share. This compares to earnings of $2.13 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 33.33%. A quarter ago, it was expected that this computer and technology services provider would post earnings of $1.95 per share when it actually produced earnings of $1.72, delivering a surprise of -11.79%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Dell Technologies, which belongs to the Zacks Computers - IT Services industry, posted revenues of $26.12 billion for the quarter ended April 2022, surpassing the Zacks Consensus Estimate by 3.13%. This compares to year-ago revenues of $24.5 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Dell Technologies shares have lost about 22.9% since the beginning of the year versus the S&P 500's decline of -16.5%.
What's Next for Dell Technologies?
While Dell Technologies has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Dell Technologies: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.56 on $26.01 billion in revenues for the coming quarter and $6.52 on $104.38 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computers - IT Services is currently in the bottom 38% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
SAIC (SAIC), another stock in the same industry, has yet to report results for the quarter ended April 2022. The results are expected to be released on June 6.
This information technology company is expected to post quarterly earnings of $1.78 per share in its upcoming report, which represents a year-over-year change of -8.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
SAIC's revenues are expected to be $1.93 billion, up 2.8% from the year-ago quarter.
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Dell Technologies Inc. (DELL): Free Stock Analysis Report
Science Applications International Corporation (SAIC): 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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Dell Technologies (DELL) came out with quarterly earnings of $1.84 per share, beating the Zacks Consensus Estimate of $1.38 per share. Dell Technologies, which belongs to the Zacks Computers - IT Services industry, posted revenues of $26.12 billion for the quarter ended April 2022, surpassing the Zacks Consensus Estimate by 3.13%. Dell Technologies shares have lost about 22.9% since the beginning of the year versus the S&P 500's decline of -16.5%.
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Dell Technologies, which belongs to the Zacks Computers - IT Services industry, posted revenues of $26.12 billion for the quarter ended April 2022, surpassing the Zacks Consensus Estimate by 3.13%. Dell Technologies Inc. (DELL): Free Stock Analysis Report Dell Technologies (DELL) came out with quarterly earnings of $1.84 per share, beating the Zacks Consensus Estimate of $1.38 per share.
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Dell Technologies (DELL) came out with quarterly earnings of $1.84 per share, beating the Zacks Consensus Estimate of $1.38 per share. Dell Technologies, which belongs to the Zacks Computers - IT Services industry, posted revenues of $26.12 billion for the quarter ended April 2022, surpassing the Zacks Consensus Estimate by 3.13%. Dell Technologies shares have lost about 22.9% since the beginning of the year versus the S&P 500's decline of -16.5%.
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Dell Technologies, which belongs to the Zacks Computers - IT Services industry, posted revenues of $26.12 billion for the quarter ended April 2022, surpassing the Zacks Consensus Estimate by 3.13%. Dell Technologies (DELL) came out with quarterly earnings of $1.84 per share, beating the Zacks Consensus Estimate of $1.38 per share. Dell Technologies shares have lost about 22.9% since the beginning of the year versus the S&P 500's decline of -16.5%.
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9585f16a-1259-4b19-ba62-3db0e9f93ba5
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725778.0
|
2022-05-26 00:00:00 UTC
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Dell Q1 Profit Surge; Shares Up 5%
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DELL
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https://www.nasdaq.com/articles/dell-q1-profit-surge-shares-up-5
|
nan
|
nan
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(RTTNews) - Dell Technologies Inc. (DELL) Thursday reported a surge in profit for the first quarter, as quarterly revenues rose 16% on strong demand for business PCs and networking services. The shares jumped 5% in extended trading.
Round Rock, Texas-based Dell's first-quarter profit from continuing operations rose to $1.07 billion or $1.37 per share from $659 million or $0.84 per share last year.
Adjusted earnings were $1.43 billion or $1.84 per share for the period, up from $1.06 billion or $1.35 per share last year. Analysts polled by Thomson Reuters estimated earnings of $1.39 per share. Analysts' estimates typically exclude special items.
Revenue for the quarter grew 16% to $26.12 billion from $22.59 billion last year. Analysts had a consensus revenue estimate of $25.04 billion.
Client Solutions Group revenues grew to 17% to a record $15.6 billion, driven by continued strength in commercial PCs, with commercial PC revenue of $12 billion, a 22% increase year-over-year.
Infrastructure Solutions Group revenue rose 16% to $9.3 billion, as servers and networking revenue was up 22% and storage revenue inched up 9%.
DELL closed Thursday's trading at $43.93, up $0.63 or 1.45%, on the NYSE. The stock further gained $2.33 or 5.30% in the after-hours trading.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Dell Technologies Inc. (DELL) Thursday reported a surge in profit for the first quarter, as quarterly revenues rose 16% on strong demand for business PCs and networking services. Round Rock, Texas-based Dell's first-quarter profit from continuing operations rose to $1.07 billion or $1.37 per share from $659 million or $0.84 per share last year. DELL closed Thursday's trading at $43.93, up $0.63 or 1.45%, on the NYSE.
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(RTTNews) - Dell Technologies Inc. (DELL) Thursday reported a surge in profit for the first quarter, as quarterly revenues rose 16% on strong demand for business PCs and networking services. Round Rock, Texas-based Dell's first-quarter profit from continuing operations rose to $1.07 billion or $1.37 per share from $659 million or $0.84 per share last year. DELL closed Thursday's trading at $43.93, up $0.63 or 1.45%, on the NYSE.
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(RTTNews) - Dell Technologies Inc. (DELL) Thursday reported a surge in profit for the first quarter, as quarterly revenues rose 16% on strong demand for business PCs and networking services. Round Rock, Texas-based Dell's first-quarter profit from continuing operations rose to $1.07 billion or $1.37 per share from $659 million or $0.84 per share last year. DELL closed Thursday's trading at $43.93, up $0.63 or 1.45%, on the NYSE.
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(RTTNews) - Dell Technologies Inc. (DELL) Thursday reported a surge in profit for the first quarter, as quarterly revenues rose 16% on strong demand for business PCs and networking services. Round Rock, Texas-based Dell's first-quarter profit from continuing operations rose to $1.07 billion or $1.37 per share from $659 million or $0.84 per share last year. DELL closed Thursday's trading at $43.93, up $0.63 or 1.45%, on the NYSE.
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c95e198d-4f39-4ed1-8cbd-d672cd53df64
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725779.0
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2022-05-26 00:00:00 UTC
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After-Hours Earnings Report for May 26, 2022 : COST, VMW, MRVL, WDAY, ULTA, ZS, DELL, GPS, FTCH, AEO, CVCO, STEP
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DELL
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https://www.nasdaq.com/articles/after-hours-earnings-report-for-may-26-2022-%3A-cost-vmw-mrvl-wday-ulta-zs-dell-gps-ftch-aeo
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nan
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nan
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The following companies are expected to report earnings after hours on 05/26/2022. Visit our Earnings Calendar for a full list of expected earnings releases.
Costco Wholesale Corporation (COST)is reporting for the quarter ending May 31, 2022. The discount retail company's consensus earnings per share forecast from the 11 analysts that follow the stock is $3.00. This value represents a 9.09% increase compared to the same quarter last year. In the past year COST has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 8.55%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for COST is 34.01 vs. an industry ratio of 19.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Vmware, Inc. (VMW)is reporting for the quarter ending April 30, 2022. The computer software company's consensus earnings per share forecast from the 12 analysts that follow the stock is $1.02. This value represents a 17.74% decrease compared to the same quarter last year. VMW missed the consensus earnings per share in the 1st calendar quarter of 2022 by -2.78%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for VMW is 24.96 vs. an industry ratio of 99.90.
Marvell Technology, Inc. (MRVL)is reporting for the quarter ending April 30, 2022. The technology services company's consensus earnings per share forecast from the 12 analysts that follow the stock is $0.37. This value represents a 146.67% increase compared to the same quarter last year. MRVL missed the consensus earnings per share in the 2nd calendar quarter of 2021 by -21.05%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for MRVL is 31.19 vs. an industry ratio of -3.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Workday, Inc. (WDAY)is reporting for the quarter ending April 30, 2022. The internet software company's consensus earnings per share forecast from the 25 analysts that follow the stock is $-0.13. This value represents a 1200.00% decrease compared to the same quarter last year. WDAY missed the consensus earnings per share in the 1st calendar quarter of 2022 by -5.26%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for WDAY is -365.58 vs. an industry ratio of -35.80.
Ulta Beauty, Inc. (ULTA)is reporting for the quarter ending April 30, 2022. The retail company's consensus earnings per share forecast from the 13 analysts that follow the stock is $4.44. This value represents a 8.29% increase compared to the same quarter last year. In the past year ULTA has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 17.35%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for ULTA is 18.98 vs. an industry ratio of 9.10, implying that they will have a higher earnings growth than their competitors in the same industry.
Zscaler, Inc. (ZS)is reporting for the quarter ending April 30, 2022. The internet services company's consensus earnings per share forecast from the 8 analysts that follow the stock is $-0.63. This value represents a 110.00% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2022 Price to Earnings ratio for ZS is -56.66 vs. an industry ratio of 4.10.
Dell Technologies Inc. (DELL)is reporting for the quarter ending April 30, 2022. The information technology services company's consensus earnings per share forecast from the 5 analysts that follow the stock is $1.12. This value represents a 47.42% decrease compared to the same quarter last year. DELL missed the consensus earnings per share in the 1st calendar quarter of 2022 by -11.79%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for DELL is 7.87 vs. an industry ratio of 12.60.
Gap, Inc. (GPS)is reporting for the quarter ending April 30, 2022. The retail (shoe) company's consensus earnings per share forecast from the 7 analysts that follow the stock is $-0.11. This value represents a 122.92% decrease compared to the same quarter last year. GPS missed the consensus earnings per share in the 4th calendar quarter of 2021 by -44.9%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for GPS is 8.32 vs. an industry ratio of 10.70.
Farfetch Limited (FTCH)is reporting for the quarter ending March 31, 2022. The retail (shoe) company's consensus earnings per share forecast from the 5 analysts that follow the stock is $-0.35. This value represents a 25.00% decrease compared to the same quarter last year. In the past year FTCH has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 28.12%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for FTCH is -5.77 vs. an industry ratio of 10.70.
American Eagle Outfitters, Inc. (AEO)is reporting for the quarter ending April 30, 2022. The retail (shoe) company's consensus earnings per share forecast from the 7 analysts that follow the stock is $0.24. This value represents a 50.00% decrease compared to the same quarter last year. In the past year AEO has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2023 Price to Earnings ratio for AEO is 6.92 vs. an industry ratio of 10.70.
Cavco Industries, Inc. (CVCO)is reporting for the quarter ending March 31, 2022. The building company's consensus earnings per share forecast from the 1 analyst that follows the stock is $4.91. This value represents a 81.18% increase compared to the same quarter last year. In the past year CVCO has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 75.66%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for CVCO is 12.19 vs. an industry ratio of 7.30, implying that they will have a higher earnings growth than their competitors in the same industry.
StepStone Group Inc. (STEP)is reporting for the quarter ending March 31, 2022. The financial services company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.41. This value represents a 64.00% increase compared to the same quarter last year. In the past year STEP has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 20%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for STEP is 16.76 vs. an industry ratio of 16.50, implying that they will have a higher earnings growth than their competitors in the same industry.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies Inc. (DELL)is reporting for the quarter ending April 30, 2022. DELL missed the consensus earnings per share in the 1st calendar quarter of 2022 by -11.79%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for DELL is 7.87 vs. an industry ratio of 12.60.
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Dell Technologies Inc. (DELL)is reporting for the quarter ending April 30, 2022. DELL missed the consensus earnings per share in the 1st calendar quarter of 2022 by -11.79%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for DELL is 7.87 vs. an industry ratio of 12.60.
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Dell Technologies Inc. (DELL)is reporting for the quarter ending April 30, 2022. DELL missed the consensus earnings per share in the 1st calendar quarter of 2022 by -11.79%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for DELL is 7.87 vs. an industry ratio of 12.60.
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Dell Technologies Inc. (DELL)is reporting for the quarter ending April 30, 2022. DELL missed the consensus earnings per share in the 1st calendar quarter of 2022 by -11.79%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for DELL is 7.87 vs. an industry ratio of 12.60.
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8829f66c-0563-46df-830e-bc0293fe4be5
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725780.0
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2022-05-26 00:00:00 UTC
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7 Beaten-Down Growth Stocks That Look Like Big Bargains Right Now
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DELL
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https://www.nasdaq.com/articles/7-beaten-down-growth-stocks-that-look-like-big-bargains-right-now
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The following beaten-down stocks could rebound due to their massive undervaluation.
Dell Technologies (DELL): Dell stock is oversold and its growth potential can’t be overlooked.
Cardinal Health (CAH): CAH has likely met resistance and is now in a long term uptrend.
Equitable Holdings (EQH): The stock has been oversold back to its pre-pandemic levels, and now stands undervalued.
HF Sinclair (DINO): This diversified energy company is already profiting from the global energy crisis, and could continue to grow even more.
Crocs (CROX): A highly popular company among teens could start to rebound once pressure on supply and logistics ease.
Altice USA (ATUS): The stock is clearly oversold and is likely close to bottoming out.
Western Digital Corporation (WDC): This volatile stock could benefit from the cloud storage boom.
Source: iQoncept / Shutterstock.com
The stock market has been hit hard by the Federal Reserve’s efforts to tackle inflation and the war in Ukraine. As a result, many stocks have plunged below their intrinsic value.
However, these oversold and beaten-down stocks could rebound as investors are unlikely to ignore their massively discounted prices. Even though the broader market is unlikely to recover soon due to the Fed’s efforts to tackle inflation, some stocks are now at bargain prices and will likely be profitable as the stock market starts to bottom out.
7 Retirement Stocks to Buy to Turbocharge Your Savings
Thus, I have found the following seven beaten-down growth stocks that look like big bargains right now:
DELL Dell Technologies $43.30
CAH Cardinal Health $57.74
EQH Equitable Holdings $29.42
DINO HF Sinclair $49.42
CROX Crocs $50.76
ATUS Altice USA $11.15
WDC Western Digital Corporation $59.10
Dell Technologies (DELL)
Source: Ken Wolter / Shutterstock.com
Despite being a significant-tech company for a long time, Dell Technologies (NYSE:DELL) only had its initial public offering (IPO) in late 2018. Currently, the company is still only 40% above its IPO after a 34% decline in the past four months. In addition, Dell’s market capitalization of just $30 billion does not reflect its annual revenue and net income of $101 billion and $5.5 billion, respectively.
Moreover, Dell’s current price-to-earnings (P/E) ratio of 6.40 is also a strong buy signal. Of course, Dell can decline more in the short term due to its unsatisfactory first-quarter earnings. However, even with the current earnings, the company is still undervalued, and it is likely to be profitable in the long term.
Cardinal Health (CAH)
Source: Shutterstock
Next on our list of beaten-down stocks is Cardinal Health (NYSE:CAH). The company has seen a prolonged decline of more than 51% before meeting resistance. The decline lasted from 2015 to 2019, and it only bottomed out in early 2019.
The stock has been slowly recovering for the past few years, and it has also resisted the current bear market. However, Cardinal Health’s net income this quarter is still unsatisfactory, which is likely the reason for the stock’s continued downturn. The likely culprit is inflation and supply chain constraints which have driven up operating costs for the company.
The 7 Highest-Yielding Dividend Stocks to Buy Now for Income
Nonetheless, the company is still on a solid footing. In terms of revenue, the company has been in a stable long-term uptrend since 2015. The company ended the latest quarter with an annual revenue of $176.8 billion, a year-on-year (YoY) growth of 14.16%. Moreover, the pharmaceutical and healthcare industry has remained resilient with strong consumer demand. Therefore, I expect CAH to continue its long-term recovery.
Equitable Holdings (EQH)
Source: Postmodern Studio / Shutterstock.com
Equitable Holdings (NYSE:EQH) is a financial services and insurance company founded in 1859. The company only had its IPO in May 2018 and hasn’t had as much growth compared to the rest of the market. Moreover, the recent stock downturn has dragged the stock prices to pre-pandemic prices.
In addition, the company has shown robust financial health. In the latest quarter, Equitable Holdings had a YoY revenue and net income growth of 242.% and 138.6%, respectively. Thus, with the company’s fiscal performance in mind, I believe EQH will likely recover in the near future.
HF Sinclair (DINO)
Source: Shutterstock
HF Sinclair (NYSE:DINO) is a diversified energy company. The stock fell more than 77% from its all-time high in June 2018 and has failed to recover its value above that level. However, the recent energy crisis has made the company profitable again. The stock has also started a strong recovery, up 151% from its bottom in 2020.
The war in Ukraine has also exaggerated the energy crisis. If European countries decide to stop importing energy entirely from Russia, the situation will get even worse.
However, companies such as Sinclair are set to profit from any form of an energy crisis. Of course, they have already started to do so. Sinclair’s net income became positive this quarter, with a YoY growth of 8.11%, and its YoY quarterly revenue grew at 112.87%.
7 Large-Cap Stocks to Buy Right Now
With this rapid growth in such a short amount of time, I believe that DINO stock is likely to continue recovering. It could even break its all-time high if European countries completely stop importing energy from Russia and put pressure on other sources. DINO stock could easily and swiftly leave this list of beaten-down stocks.
Crocs (CROX)
Source: Wannee_photographer / Shutterstock.com
Crocs (NASDAQ:CROX) is a manufacturer of its brand of foam clogs. The stock seems oversold as its value has declined over 70% after the company announced its acquisition of HEYDUDE for $2.5 billion.
Crocs remains among the most popular brands for teens despite the company’s recent downturn. Crocs’ recent earnings report was unsatisfactory due to its net income decline. However, its P/E ratio remains low, and the company’s high revenue growth can still make it profitable.
Once supply chain disruptions ease, CROX stock will likely deliver a strong recovery from its current downturn.
Altice USA (ATUS)
Source: rafapress / Shutterstock.com
Altice USA (NYSE:ATUS) is a cable television provider. The company has declined more than 75% since May 2021, and I believe it is a good time to buy the stock.
Although the recent earnings result was far from satisfactory, the company still remains undervalued. The deep decline of the stock since May is also showing signs of bottoming out as ATUS has bounced above $10 per share. Moreover, the P/E ratio of ATUS of 5.45 is also an indicator that investors are unlikely to ignore.
7 REITs to Buy for the Second Half of 2022
Nonetheless, ATUS stock is still risky due to the company’s poor performance. Thus, I don’t recommend any heavy investments.
Western Digital Corporation (WDC)
Source: Valeriya Zankovych / Shutterstock.com
Western Digital Corporation (NASDAQ:WDC) manufactures computer hard disk drives and offers a variety of data technologies. Despite the company’s recent downturn in net income, I believe it could recover due to the rising demand for data centers.
Western Digital is still in a decline of 50% since its all-time high in 2014, and it has had multiple ups and downs since. WDC is quite volatile, but the stock is likely to rebound once the demand for data storage picks up more growth.
Currently, the stock is in a short-term uptrend. However, I believe that WDC could be more profitable as demand for data products are likely to remain high due to supply issues.
On the date of publication, Omor Ibne Ehsan 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.
The post 7 Beaten-Down Growth Stocks That Look Like Big Bargains Right Now 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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Dell Technologies (DELL): Dell stock is oversold and its growth potential can’t be overlooked. 7 Retirement Stocks to Buy to Turbocharge Your Savings Thus, I have found the following seven beaten-down growth stocks that look like big bargains right now: DELL Dell Technologies $43.30 CAH Cardinal Health $57.74 EQH Equitable Holdings $29.42 DINO HF Sinclair $49.42 CROX Crocs $50.76 ATUS Altice USA $11.15 WDC Western Digital Corporation $59.10 Dell Technologies (DELL) Source: Ken Wolter / Shutterstock.com Despite being a significant-tech company for a long time, Dell Technologies (NYSE:DELL) only had its initial public offering (IPO) in late 2018. In addition, Dell’s market capitalization of just $30 billion does not reflect its annual revenue and net income of $101 billion and $5.5 billion, respectively.
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7 Retirement Stocks to Buy to Turbocharge Your Savings Thus, I have found the following seven beaten-down growth stocks that look like big bargains right now: DELL Dell Technologies $43.30 CAH Cardinal Health $57.74 EQH Equitable Holdings $29.42 DINO HF Sinclair $49.42 CROX Crocs $50.76 ATUS Altice USA $11.15 WDC Western Digital Corporation $59.10 Dell Technologies (DELL) Source: Ken Wolter / Shutterstock.com Despite being a significant-tech company for a long time, Dell Technologies (NYSE:DELL) only had its initial public offering (IPO) in late 2018. Dell Technologies (DELL): Dell stock is oversold and its growth potential can’t be overlooked. In addition, Dell’s market capitalization of just $30 billion does not reflect its annual revenue and net income of $101 billion and $5.5 billion, respectively.
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7 Retirement Stocks to Buy to Turbocharge Your Savings Thus, I have found the following seven beaten-down growth stocks that look like big bargains right now: DELL Dell Technologies $43.30 CAH Cardinal Health $57.74 EQH Equitable Holdings $29.42 DINO HF Sinclair $49.42 CROX Crocs $50.76 ATUS Altice USA $11.15 WDC Western Digital Corporation $59.10 Dell Technologies (DELL) Source: Ken Wolter / Shutterstock.com Despite being a significant-tech company for a long time, Dell Technologies (NYSE:DELL) only had its initial public offering (IPO) in late 2018. Dell Technologies (DELL): Dell stock is oversold and its growth potential can’t be overlooked. In addition, Dell’s market capitalization of just $30 billion does not reflect its annual revenue and net income of $101 billion and $5.5 billion, respectively.
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7 Retirement Stocks to Buy to Turbocharge Your Savings Thus, I have found the following seven beaten-down growth stocks that look like big bargains right now: DELL Dell Technologies $43.30 CAH Cardinal Health $57.74 EQH Equitable Holdings $29.42 DINO HF Sinclair $49.42 CROX Crocs $50.76 ATUS Altice USA $11.15 WDC Western Digital Corporation $59.10 Dell Technologies (DELL) Source: Ken Wolter / Shutterstock.com Despite being a significant-tech company for a long time, Dell Technologies (NYSE:DELL) only had its initial public offering (IPO) in late 2018. Dell Technologies (DELL): Dell stock is oversold and its growth potential can’t be overlooked. In addition, Dell’s market capitalization of just $30 billion does not reflect its annual revenue and net income of $101 billion and $5.5 billion, respectively.
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83b0003c-b609-4a61-b6c3-ba40ab8ca8bb
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725781.0
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2022-05-26 00:00:00 UTC
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Dell revenue zooms past expectations on strong PC demand
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DELL
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https://www.nasdaq.com/articles/dell-revenue-zooms-past-expectations-on-strong-pc-demand
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nan
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nan
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May 26 (Reuters) - Dell Technologies Inc DELL.N beat revenue expectations for the ninth straight quarter on Thursday, as the PC maker saw robust demand for its computers and laptops as companies embrace a hybrid work model.
The company also posted a 62% jump in quarterly profit as businesses continue to heavily invest in remote-working equipment and consumers upgrade their devices.
Its results come at a time when technology companies are battling a global chip shortage and supply chains disruptions, made worse by the Ukraine war and fresh lockdowns in China.
Revenue at Dell's client solutions group, which included its desktop PCs, notebooks and tablets, rose 17% in the quarter, while the company's infrastructure solutions group, which sells data storage software and servers, posted a 16% increase in sales.
Total revenue rose 16% to $26.12 billion in the first quarter, compared with analysts' average estimate of $25.04 billion, according to Refinitiv data.
Net income from continuing operations rose to $1.07 billion, or $1.37 per share, from $659 million, or 84 cents per share, a year earlier.
Excluding items, Texas-based Dell earned $1.84 per share.
Earlier in the day, chip firm Broadcom Inc AVGO.O said it would buy VMware in a $61 billion cash-and-stock deal. The cloud computing firm was spun off from Dell in 2021.
Michael Dell, the nearly four-decade-old company's founder and top boss, is VMware's biggest investor with a 40% stake.
(Reporting by Richard Rohan Francis and Eva Mathews in Bengaluru; Editing by Amy Caren Daniel)
((RichardRohan.Francis@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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May 26 (Reuters) - Dell Technologies Inc DELL.N beat revenue expectations for the ninth straight quarter on Thursday, as the PC maker saw robust demand for its computers and laptops as companies embrace a hybrid work model. Revenue at Dell's client solutions group, which included its desktop PCs, notebooks and tablets, rose 17% in the quarter, while the company's infrastructure solutions group, which sells data storage software and servers, posted a 16% increase in sales. Excluding items, Texas-based Dell earned $1.84 per share.
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Revenue at Dell's client solutions group, which included its desktop PCs, notebooks and tablets, rose 17% in the quarter, while the company's infrastructure solutions group, which sells data storage software and servers, posted a 16% increase in sales. May 26 (Reuters) - Dell Technologies Inc DELL.N beat revenue expectations for the ninth straight quarter on Thursday, as the PC maker saw robust demand for its computers and laptops as companies embrace a hybrid work model. Excluding items, Texas-based Dell earned $1.84 per share.
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May 26 (Reuters) - Dell Technologies Inc DELL.N beat revenue expectations for the ninth straight quarter on Thursday, as the PC maker saw robust demand for its computers and laptops as companies embrace a hybrid work model. Revenue at Dell's client solutions group, which included its desktop PCs, notebooks and tablets, rose 17% in the quarter, while the company's infrastructure solutions group, which sells data storage software and servers, posted a 16% increase in sales. Excluding items, Texas-based Dell earned $1.84 per share.
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May 26 (Reuters) - Dell Technologies Inc DELL.N beat revenue expectations for the ninth straight quarter on Thursday, as the PC maker saw robust demand for its computers and laptops as companies embrace a hybrid work model. Revenue at Dell's client solutions group, which included its desktop PCs, notebooks and tablets, rose 17% in the quarter, while the company's infrastructure solutions group, which sells data storage software and servers, posted a 16% increase in sales. Excluding items, Texas-based Dell earned $1.84 per share.
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202ee19c-4b6b-47ff-942e-3c7671473018
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725782.0
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2022-05-26 00:00:00 UTC
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FOCUS-Silver Lake's backing of dealmaking CEOs pays off
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DELL
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https://www.nasdaq.com/articles/focus-silver-lakes-backing-of-dealmaking-ceos-pays-off
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nan
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nan
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By Chibuike Oguh
May 26 (Reuters) - Private equity firm Silver Lake has spent years cultivating and backing chief executives enamored with big deals, a strategy that pays off handsomely when large acquisitions such as the deal between chipmaker Broadcom Inc AVGO.O and cloud computing company VMware Inc VMW.N come along.
Earlier on Thursday, Broadcom said it will acquire VMware for $61 billion, the second-biggest acquisition globally so far this year.
Silver Lake, whose assets under management are close to $90 billion, was deeply involved in the negotiations to combine the two companies, according to people familiar with the matter. It is in line for a payout because it owns a 10% stake in VMware. A Silver Lake spokesperson declined to comment.
Silver Lake's investment in VMware is the result of a business relationship with Dell Technologies Inc DELL.N Chief Executive Michael Dell that started ten years ago. The relationship has been managed for Silver Lake by its co-chief executive Egon Durban.
The buyout firm's history with Broadcom Chief Executive Hock Tan goes back even further. Silver Lake was part of a private equity consortium that created Broadcom's predecessor, Avago, by acquiring Agilent Technologies Inc's A.N semiconductor business for $2.66 billion in 2005. Silver Lake Chairman Ken Hao helped recruit Tan the following year to run the company.
Silver Lake helped these chief executives embark on corporate acquisition sprees. The strategy has diversified Silver Lake's investing that is focused on leveraged buyouts and growth investments and has helped differentiate it from its peers.
Mehdi Khodadad, co-head of law firm Sidley Austin LLP's private equity practice, said this playbook can help Silver Lake unlock more value from dealmaking.
"Private equity firms can help lend their related expertise in executing a synergy plan and disposing of non-core assets of the pro forma combined business," Khodadad said.
Silver Lake provided $1.4 billion in equity to help Michael Dell take his eponymous computer maker private in 2013.
Three years later, Silver Lake participated in a $4.25 billion equity financing for Dell's $67 billion acquisition of data storage company EMC Corp. Through that deal, Dell took over EMC's 81% stake in VMware. Dell also issued a new currency to help fund that deal - a "tracking stock" tied to the value of VMware shares.
Dell became a publicly listed company in 2018 by buying back the tracking stock in exchange for its own shares and up to $9 billion in cash.
Silver Lake got a 10% stake in VMware when Dell spun its controlling interest to its shareholders last year. Michael Dell received a 40% stake in VMware. Silver Lake continues to be Dell's second biggest shareholder with a 12.8% stake.
Silver Lake's journey with Hock Tan was similar. Silver Lake retained a stake in Avago when it listed in the stock market in 2009 and in 2015 it helped arrange the debt financing for Avago's $37 billion acquisition of Broadcom. Avago also took Broadcom's name.
In 2017, Broadcom launched a $117 billion takeover bid for rival chipmaker Qualcomm Inc QCOM.O, and Silver Lake was there to provide $5 billion in funding. That takeover was thwarted by the U.S. government over concerns that Broadcom, which was at the time headquartered in Singapore, would become dominant in the U.S. semiconductor industry.
STRONG FUND RETURNS
Silver Lake's profits on these investments are not known. Some of the firm's most recent funds, the $15 billion Silver Lake Partners V and the $10.3 billion Silver Lake Partners IV, had a net internal rate of return (IRR) of 37% and 36.7% as of September last year, respectively, according to data from the California Public Employees' Retirement System (CalPERS). Most private equity funds aspire to have a net IRR of 20%.
Silver Lake, whose investments include vacation rental firm Airbnb Inc ABNB.O, self-driving startup Waymo and online lender SoFi Technologies Inc SOFI.O, also has another major deal pending which it helped put together thanks to its relationship with a dealmaker CEO - Elon Musk's $44 billion acquisition of Twitter Inc TWTR.N.
Silver Lake offered to help finance Musk's contemplated $72 billion bid in 2018 to take electric car maker Tesla Inc TSLA.O private. Musk did not proceed with that offer, but four years later he turned to Durban, who sat on Twitter's board of directors, when he decided to acquire the social media company.
A Twitter regulatory filing showed how Durban acted as a liaison last month between Musk and Twitter's board. He became a Twitter director since 2020, when Silver Lake invested $1 billion in the company in the form of convertible debt financing.
BREAKINGVIEWS-Broadcom gives only limp defense of VMware deal
TIMELINE-Broadcom's deal history under CEO Hock Tan
UPDATE 4-Chipmaker Broadcom to buy VMware in $61 bln deal
(Reporting by Chibuike Oguh in New York Additional reporting by Krystal Hu in New York Editing by Greg Roumeliotis and Matthew Lewis)
((Chibuike.Oguh@thomsonreuters.com; +332-999-6154; Reuters Messaging: chibuike.oguh.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Silver Lake's investment in VMware is the result of a business relationship with Dell Technologies Inc DELL.N Chief Executive Michael Dell that started ten years ago. Silver Lake provided $1.4 billion in equity to help Michael Dell take his eponymous computer maker private in 2013. Three years later, Silver Lake participated in a $4.25 billion equity financing for Dell's $67 billion acquisition of data storage company EMC Corp.
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Three years later, Silver Lake participated in a $4.25 billion equity financing for Dell's $67 billion acquisition of data storage company EMC Corp. Silver Lake's investment in VMware is the result of a business relationship with Dell Technologies Inc DELL.N Chief Executive Michael Dell that started ten years ago. Silver Lake provided $1.4 billion in equity to help Michael Dell take his eponymous computer maker private in 2013.
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Three years later, Silver Lake participated in a $4.25 billion equity financing for Dell's $67 billion acquisition of data storage company EMC Corp. Silver Lake's investment in VMware is the result of a business relationship with Dell Technologies Inc DELL.N Chief Executive Michael Dell that started ten years ago. Silver Lake provided $1.4 billion in equity to help Michael Dell take his eponymous computer maker private in 2013.
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Silver Lake's investment in VMware is the result of a business relationship with Dell Technologies Inc DELL.N Chief Executive Michael Dell that started ten years ago. Silver Lake provided $1.4 billion in equity to help Michael Dell take his eponymous computer maker private in 2013. Three years later, Silver Lake participated in a $4.25 billion equity financing for Dell's $67 billion acquisition of data storage company EMC Corp.
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71d3381e-229f-4070-a8ce-29008f67cf21
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725783.0
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2022-05-25 00:00:00 UTC
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Top Stocks To Watch Right Now? 3 Tech Stocks In Focus
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DELL
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https://www.nasdaq.com/articles/top-stocks-to-watch-right-now-3-tech-stocks-in-focus
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Are These The Best Tech Stocks To Have On Your June 2022 Watchlist?
Tech stocks, while not the most active stocks in the stock market today, may be worth checking out now. Sure, the Nasdaq composite’s losses of over 2% yesterday may deter some at face value. However, this would not discount the overall dependence on the tech industry across the globe. After all, virtually most aspects of day-to-day life have and continue to shift into the digital age. Not to mention, for some long-term investors, the current widespread dips among the top tech stocks could present buying opportunities.
At the same time, even Chinese tech giants are in the green today following a positive update from the government. In detail, China Premier Li Keqiang encouraged China to go through with economic stabilization measures. This alongside China Vice-Premier Liu He’s comments on properly managing relationships with the country’s tech firms from earlier this month seems to be drawing investor attention. Simply put, this could, arguably, suggest that the regulatory pressure on Chinese tech firms is easing, somewhat. As a result, the likes of Alibaba (NYSE: BABA), Baidu (NASDAQ: BIDU), and JD.com (NASDAQ: JD) are on the rise. This could put more focus on Alibaba ahead of its upcoming earnings report set for release tomorrow.
If all that wasn’t enough, tech goliaths such as Microsoft (NASDAQ: MSFT) continue to innovate in emerging fields as well. As of earlier this week, the company is working with the Japanese industrial firm Kawasaki. Through Microsoft’s tech, Kawasaki is now employing the “industrial metaverse” in its facilities to help manufacture robots. Overall, the tech industry does not appear to be slowing down anytime soon. With that in mind, here are three tech stocks to consider keeping an eye on in the stock market now.
Tech Stocks To Watch Today
Agilent Technologies Inc. (NYSE: A)
Palantir Technologies Inc. (NYSE: PLTR)
Dell Technologies Inc. (NYSE: DELL)
Agilent Technologies Inc.
Agilent Technologies is a global leader in diagnostics and life sciences. Its full range of solutions includes instruments, software, services, and expertise. It also continues to deliver insight and innovation that advances the quality of life. For a sense of scale, over 265,000 companies use Agilent’s solutions and the company has over 17,000 employees worldwide. Furthermore, it reported a revenue of $6.32 billion in fiscal 2021. Last week, it also reported a quarterly cash dividend of $0.21 per share that will be paid on July 27, 2022.
On Tuesday, the company reported its second-quarter financials for the fiscal year 2022. Diving in, it reported a revenue of $1.62 billion for the quarter, a 5% increase year-over-year. Agilent also reported a GAAP net income of $274 million, or an earnings per share of $0.91, increasing by 30% from a year earlier. According to the company’s press release, it expects third-quarter revenue to be in the range of $1.625 billion to $1.650 billion.
“The Agilent team delivered once again, demonstrating the resilience and strength of our business model,” said Agilent President and CEO Mike McMullen. “We delivered 7% core revenue growth, exceeded our EPS expectations, and continued to build order backlog, all despite macro challenges including temporary COVID-19 shutdowns in China. Our momentum continues and we have again raised our full-year outlook.” On May 10, 2022, the company also announced that its PD-L1 IHC 22C3 pharmDx is now EU CE-IVD marked for use in cervical cancer. It can be used as an aid in identifying cervical cancer patients for whom treatment with Keytruda may be appropriate. With that in mind, is A stock worth watching right now?
Source: TD Ameritrade TOS
[Read More] Stock Market Today: Dow Jones, S&P 500 Rise, Wendy’s Stock Gains On Potential Deal
Palantir Technologies Inc.
Following that, we have Palantir Technologies, a software company that specializes in data analytics and cybersecurity. Accordingly, it builds software that empowers organizations and governments to effectively integrate their data, decisions, and operations. For instance, its Gotham platform is a commercially-available, AI-ready operating system that improves and accelerates decisions for operators across roles and all domains.
Today, the company announced a partnership with one of the world’s leading automakers and mobility providers, Stellantis N.V. (NYSE: STLA). The company will deploy Palantir’s Foundry operating system across its brands, business functions, and plant locations. This will help accelerate Stellantis’ digital transformation into a sustainable mobility tech company. It will also improve supply chain performance and enhance vehicle quality. On top of that, the system will also speed deliveries and scale marketing & sales efforts.
Earlier in the month, Palantir had reported its first-quarter financials for 2022. Firstly, it posted a total revenue of $446 million for the quarter, increasing by 31% year-over-year. Commercial revenue grew by 54% compared to a year earlier while U.S. commercial revenue grew by over 130%. Cash flow from operations was $35.47 million, a margin of 8%. With that being said, is PLTR stock a top tech stock to consider investing in right now?
Source: TD Ameritrade TOS
[Read More] 4 Semiconductor Stocks To Watch In The Stock Market Today
Dell Technologies Inc.
Another tech firm gaining attention in thestock market todaywould be Dell. On the whole, most would be familiar with the company’s broad tech portfolio. In essence, its tech offerings range from office and productivity hardware to innovative software catering to professional industries. Its core end markets include the cloud computing, DevOps, Infrastructure, OEM, and cybersecurity sectors among others.
More importantly, DELL stock is in the spotlight today thanks to a positive analyst update. Namely, this is thanks to Evercore (NYSE: EVR) analyst Amit Daryanani raising the firm’s rating on DELL stock to Outperform. On top of that, Daryanani also currently has a price target of $60 on the company’s stock as well. According to the analyst, “Dell’s full-year guide is a low bar.” Additionally, he also notes that the current spending environment in the IT space is stronger than Dell is accounting for. Because of this, Daryanani argues that Dell is among the “best supply chain companies globally to navigate these issues.”
Following this rosy commentary, it would make sense that investors are turning towards DELL stock. Moreover, this update comes just ahead of the company’s upcoming first fiscal quarter financial update. After considering all of this, will you be watching DELL stock now?
Source: TD Ameritrade TOS
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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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Tech Stocks To Watch Today Agilent Technologies Inc. (NYSE: A) Palantir Technologies Inc. (NYSE: PLTR) Dell Technologies Inc. (NYSE: DELL) Agilent Technologies Inc. Agilent Technologies is a global leader in diagnostics and life sciences. Source: TD Ameritrade TOS [Read More] 4 Semiconductor Stocks To Watch In The Stock Market Today Dell Technologies Inc. Another tech firm gaining attention in thestock market todaywould be Dell. More importantly, DELL stock is in the spotlight today thanks to a positive analyst update.
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Tech Stocks To Watch Today Agilent Technologies Inc. (NYSE: A) Palantir Technologies Inc. (NYSE: PLTR) Dell Technologies Inc. (NYSE: DELL) Agilent Technologies Inc. Agilent Technologies is a global leader in diagnostics and life sciences. Source: TD Ameritrade TOS [Read More] 4 Semiconductor Stocks To Watch In The Stock Market Today Dell Technologies Inc. Another tech firm gaining attention in thestock market todaywould be Dell. More importantly, DELL stock is in the spotlight today thanks to a positive analyst update.
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Tech Stocks To Watch Today Agilent Technologies Inc. (NYSE: A) Palantir Technologies Inc. (NYSE: PLTR) Dell Technologies Inc. (NYSE: DELL) Agilent Technologies Inc. Agilent Technologies is a global leader in diagnostics and life sciences. Source: TD Ameritrade TOS [Read More] 4 Semiconductor Stocks To Watch In The Stock Market Today Dell Technologies Inc. Another tech firm gaining attention in thestock market todaywould be Dell. More importantly, DELL stock is in the spotlight today thanks to a positive analyst update.
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Source: TD Ameritrade TOS [Read More] 4 Semiconductor Stocks To Watch In The Stock Market Today Dell Technologies Inc. Another tech firm gaining attention in thestock market todaywould be Dell. Tech Stocks To Watch Today Agilent Technologies Inc. (NYSE: A) Palantir Technologies Inc. (NYSE: PLTR) Dell Technologies Inc. (NYSE: DELL) Agilent Technologies Inc. Agilent Technologies is a global leader in diagnostics and life sciences. More importantly, DELL stock is in the spotlight today thanks to a positive analyst update.
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2022-05-25 00:00:00 UTC
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Stock Market Today: Dow Jones, S&P 500 Rise, Wendy’s Stock Gains On Potential Deal
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DELL
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https://www.nasdaq.com/articles/stock-market-today%3A-dow-jones-sp-500-rise-wendys-stock-gains-on-potential-deal
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nan
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nan
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Stock Market Today Mid-Morning Updates
On Wednesday, the Dow Jones Industrial Average is up by 25 points as investors eagerly await for the Federal Reserve’s minutes from its policy meeting earlier in the month. Snap’s (NYSE: SNAP) 40% slide on Tuesday has dragged many tech stocks lower after it warned that profits may stagger, adding to woes for a sector that is already reeling from user growth slowdown and rate-hike fears.
Shares of Dick’s Sporting Goods (NYSE: DKS) is down by over 12% on today’s opening bell after it issued a weaker-than-expected outlook for the full year. The company cites challenging macroeconomic conditions. Dell Technologies (NYSE: DELL) is also in focus today after Evercore added the IT company to its Tactical Outperform list. Evercore says that IT demand trends will remain strong enough for Dell to lead to an earnings beat. It also says that Dell could raise outlook when the company reports its financials this Thursday.
Among the Dow Jones leaders, shares of Apple are down by 1.12% today while Microsoft (NASDAQ: MSFT) is also down by 0.57%. Meanwhile, Disney (NYSE: DIS) and Nike (NYSE: NKE) are trading lower by 0.07% and 3.14% respectively on Wednesday. Among the Dow financial leaders, Visa (NYSE: V) is down by 0.89% while JPMorgan Chase (NYSE: JPM) is also down by 0.46%
Shares of EV leader Tesla (NASDAQ: TSLA) are down by 0.66% on Wednesday. Rival EV companies like Rivian (NASDAQ: RIVN) are up by 0.94%. Lucid Group (NASDAQ: LCID) is also up by 0.53% today. Chinese EV leaders like Nio (NYSE: NIO) and Xpeng Motors (NYSE: XPEV) are trading higher today.
Dow Jones Today: U.S. Treasury Yields Dips to 2.7% Ahead Of Fed Minutes Today; Mortgage Demand Declines For The Second Straight Week.
Following the stock market opening on Wednesday, the Dow, S&P 500 and Nasdaq are all trading higher at 0.08%, 0.26% and 0.23% respectively. Among exchange-traded funds, the Nasdaq 100 tracker Invesco QQQ Trust (NASDAQ: QQQ) is up by 0.35% while the SPDR S&P 500 ETF (NYSEARCA: SPY) is also up by 0.18%.
The benchmark 10-year U.S. Treasury yield currently dipped to 2.7% today as investors await the Fed’s May policy meeting minutes. Investors hope to gain more insight into the central bank’s approach to handling inflation and the economy. Earlier in the month, the Fed raised interest rates by 50 basis points.
Mortgage rates are also on the decline and was not enough to boost demand for new purchase loans or refinances. This is according to the weekly report from the Mortgage Bankers Association. Rates are still much higher than they were for the past two years. For example, applications to refinance a home loan dropped 2% for the week and are about 75% lower than the same week year-over-year.
[Read More] Top Stock Market News For Today May 25, 2022
Wendy’s Stock Gains Ground Following News Of Largest Shareholders Considering Deal
Grabbing headlines in today’sstock market newscycle is Wendy’s (NASDAQ: WEN). This is apparent seeing as WEN stock is currently gaining by over 10% at the opening bell today. Diving in, the main reason for this movement in the company’s shares is thanks to a new 13-D filing by Trian Partners. In brief, Trian, alongside its partners, now holds a 19.4% stake in Wendy’s, amounting to 41.6 million shares. This would make it the largest shareholder at the moment. According to the filing, the firm is considering making a potential deal with the Wendy’s board of directors. The likes of which Trian notes will serve to “enhance shareholder value.” On top of that, the firm also states that the current deal could be in the form of an acquisition or business combination.
At the moment, Trian Partners is working with its advisors to evaluate the best strategic options for a deal. Furthermore, the firm also adds that it is having discussions with the Wendy’s board. On the flip side, Wendy’s also released a statement on this via a 13-D filing. The fast-food chain operator writes that it is continuously evaluating business opportunities. As such, it is currently “carefully,” reviewing Trian’s proposal with the intent of “maximizing value for all stockholders.” Because of all this, investors would be swarming to WEN stock in thestock market today
Source: TradingView
[Read More] 4 Semiconductor Stocks To Watch In The Stock Market Today
Nordstrom Stock Rises After Revenue Beat And Bump In Annual Guidance
In other news, luxury department store chain operator Nordstrom (NYSE: JWN) is coming into focus at today’s stock market opening. Overall, the company reported commendable figures in its latest financial update. From the earnings report, Nordstrom’s total revenue for the quarter is $3.57 billion. To compare, the consensus on Wall Street is $3.28 billion. Even after posting a slightly wider-than-expected loss per share of $0.06 versus the consensus of a $0.05 loss, JWS stock is now gaining by over 1.8% now.
Notably, a core reason for this momentum in the company’s shares could be its guidance update. According to the press release, Nordstrom is anticipating annual credit card sales to increase by 6% to 8% for the current fiscal year. For reference, this is an increase from the company’s previous guidance range of a 5% to 7% rise in annual credit card sales. On top of that, the company is also guiding for an earnings per share of between $3.38 to $3.68 for its fiscal 2022. To highlight, this is up from its prior range of $3.15 to $3.50.
In general, the company’s outlook bump is already positive news in and of itself. More importantly, this comes at a time when some of the biggest retailers continue to face pressures from macro headwinds. Speaking about Nordstrom’s current operational trajectory is CEO Erik Nordstrom. He states, “Looking ahead, we are committed to driving additional merchandise margin improvement and increasing supply chain productivity, to deliver incremental profitability while continuing to elevate the customer experience.” As Nordstrom remains hard at work, JWN stock could be attractive to investors eyeing the retail space today.
Source: TradingView
If you enjoyed this article and you’re interested in learning how to trade so you can have the best chance to profit consistently then you need to checkout this YouTube channel.
CLICK HERE RIGHT NOW!!
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies (NYSE: DELL) is also in focus today after Evercore added the IT company to its Tactical Outperform list. Evercore says that IT demand trends will remain strong enough for Dell to lead to an earnings beat. It also says that Dell could raise outlook when the company reports its financials this Thursday.
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Dell Technologies (NYSE: DELL) is also in focus today after Evercore added the IT company to its Tactical Outperform list. Evercore says that IT demand trends will remain strong enough for Dell to lead to an earnings beat. It also says that Dell could raise outlook when the company reports its financials this Thursday.
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Dell Technologies (NYSE: DELL) is also in focus today after Evercore added the IT company to its Tactical Outperform list. Evercore says that IT demand trends will remain strong enough for Dell to lead to an earnings beat. It also says that Dell could raise outlook when the company reports its financials this Thursday.
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Dell Technologies (NYSE: DELL) is also in focus today after Evercore added the IT company to its Tactical Outperform list. Evercore says that IT demand trends will remain strong enough for Dell to lead to an earnings beat. It also says that Dell could raise outlook when the company reports its financials this Thursday.
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2022-05-24 00:00:00 UTC
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Dell Technologies (DELL) to Post Q1 Earnings: What's in Store?
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DELL
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https://www.nasdaq.com/articles/dell-technologies-dell-to-post-q1-earnings%3A-whats-in-store
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nan
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nan
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Dell Technologies DELL is set to report first-quarter fiscal 2023 results on May 26.
Dell expects first-quarter revenues in the range of $24.5-$25.7 billion, suggesting 11% growth on a year-over-year basis at the midpoint. Earnings are expected between $1.25 per share and $1.50 per share, suggesting 2% growth on a year-over-year basis at the midpoint.
The Zacks Consensus Estimate for revenues is pegged at $25.32 billion, suggesting 3.37% growth from the figure reported in the year-ago quarter.
The consensus mark for quarterly earnings is pegged at $1.39 per share, indicating a 34.74% decline from the year-ago quarter’s figure. The consensus estimate for earnings has been steady in the past 30 days.
Dell Technologies Inc. Price and EPS Surprise
Dell Technologies Inc. price-eps-surprise | Dell Technologies Inc. Quote
Dell's earnings beat the Zacks Consensus Estimate in three of the trailing four quarters but missed the same in the remaining one. The company delivered a trailing four-quarter earnings surprise of 9.16%, on average.
Let's see how things have shaped up for DELL before this announcement.
Factors to Watch
Although the global chip shortage and supply-chain constraints are leading to unpredictability in the technology sector, Dell is expected to have witnessed strong consumer demand for notebooks, laptops and personal computers in the to-be-reported quarter.
Per Gartner, worldwide PC shipments in the first quarter of 2022 witnessed a year-over-year decrease of 6.8%, reaching 77.9 million units. Dell was ranked third among all PC vendors and apart from Apple AAPL and ASUS, it was the only vendor to witness year-over-year shipment growth.
Dell shipped 13.804 million units, witnessing 6.1% year-over-year growth in the first quarter of 2022, per the Gartner report. Apple shipped 7.005 million units, witnessing 8.6% year-over-year growth.
Dell is also expected to have benefited from strong growth in servers and networking revenues in the to-be-reported quarter.
Dell’s solutions are getting adopted by customers like Miami Dolphins, AT&T, Vodafone, Munich Re and India-based Greenpanel across domains, such as data storage, hyperconverged infrastructure, multi-cloud, as-a-service, edge and telecom. This is likely to have driven the top line in the fiscal first quarter.
However, high component costs are expected to have hurt profitability in the to-be-reported quarter.
What Our Model Unveils
Per the Zacks model, 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. However, that’s not the case here.
Dell has an Earnings ESP of 0.00% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are some companies worth considering as our model shows that these have the right combination of elements to beat earnings in their upcoming releases:
Veeva Systems VEEV has an Earnings ESP of +0.36% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Veeva is scheduled to release first-quarter fiscal 2023 results on Jun 1. VEEV shares have fallen 36.2% year to date (YTD).
Samsara IOT has an Earnings ESP of +21.05% and a Zacks Rank #2.
Samsara is scheduled to release first-quarter fiscal 2023 results on Jun 2. IOT shares have been down 63.2% YTD.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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Apple Inc. (AAPL): Free Stock Analysis Report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
Veeva Systems Inc. (VEEV): Free Stock Analysis Report
Samsara Inc. (IOT): Free Stock Analysis Report
To read this article on Zacks.com 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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Factors to Watch Although the global chip shortage and supply-chain constraints are leading to unpredictability in the technology sector, Dell is expected to have witnessed strong consumer demand for notebooks, laptops and personal computers in the to-be-reported quarter. Dell’s solutions are getting adopted by customers like Miami Dolphins, AT&T, Vodafone, Munich Re and India-based Greenpanel across domains, such as data storage, hyperconverged infrastructure, multi-cloud, as-a-service, edge and telecom. Dell Technologies DELL is set to report first-quarter fiscal 2023 results on May 26.
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Dell Technologies Inc. Price and EPS Surprise Dell Technologies Inc. price-eps-surprise | Dell Technologies Inc. Quote Dell's earnings beat the Zacks Consensus Estimate in three of the trailing four quarters but missed the same in the remaining one. Dell Technologies DELL is set to report first-quarter fiscal 2023 results on May 26. Dell expects first-quarter revenues in the range of $24.5-$25.7 billion, suggesting 11% growth on a year-over-year basis at the midpoint.
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Dell Technologies Inc. Price and EPS Surprise Dell Technologies Inc. price-eps-surprise | Dell Technologies Inc. Quote Dell's earnings beat the Zacks Consensus Estimate in three of the trailing four quarters but missed the same in the remaining one. Dell Technologies Inc. (DELL): Free Stock Analysis Report Dell Technologies DELL is set to report first-quarter fiscal 2023 results on May 26.
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Dell Technologies DELL is set to report first-quarter fiscal 2023 results on May 26. Dell Technologies Inc. Price and EPS Surprise Dell Technologies Inc. price-eps-surprise | Dell Technologies Inc. Quote Dell's earnings beat the Zacks Consensus Estimate in three of the trailing four quarters but missed the same in the remaining one. Dell expects first-quarter revenues in the range of $24.5-$25.7 billion, suggesting 11% growth on a year-over-year basis at the midpoint.
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2022-05-23 00:00:00 UTC
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Chipmaker Broadcom in talks to acquire VMware -sources
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DELL
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https://www.nasdaq.com/articles/chipmaker-broadcom-in-talks-to-acquire-vmware-sources
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nan
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By Greg Roumeliotis and Supantha Mukherjee
NEW YORK/STOCKHOLM, May 23 (Reuters) - Broadcom Inc AVGO.O is in talks to acquire cloud service provider VMware Inc VMW.N in a deal which could transform the chipmaker into a diversified tech firm, people familiar with the matter said.
Negotiations between Broadcom and VMware are ongoing and a deal is not imminent, the sources said. The deal terms being discussed are not known.
Broadcom makes an array of chips used in products ranging from mobile phones to telecom networks but a buyout of VMware would give it access to data centers where the latter's technology is a mainstay for cloud customers.
"We believe an acquisition of VMware would be considered as making strategic sense; consistent with Broadcom's focus on building out a deepening enterprise infrastructure software strategy," Wells Fargo analysts said.
DEAL MAKER
Broadcom CEO Hock Tan, a Malaysian-American billionaire, has been a prolific deal maker since taking the helm of what was a small chipmaker in 2006. Regular acquisitions helped turn the business into a behemoth worth more than $200 billion.
Tan's most audacious move was to try to buy mobile chipmaker Qualcomm QCOM.O for $103 billion in 2017. That was blocked by U.S. President Donald Trump over concerns that it would give China the upper hand in mobile communications.
After the failed effort, Broadcom moved its headquarters to San Jose from Singapore. It subsequently beefed up its software offering by buying CA Technologies for $18.9 billion and Symantec's security division for $10.7 billion. VMware has a market value of $40 billion.
"A VMware acquisition would just about triple the size of Broadcom's software segment, as well as bring the overall software mix close to 50% for the combined company," Bernstein analysts wrote in a note to clients.
Bloomberg News first reported the deal late on Sunday. Broadcom and VMware did not immediately respond to Reuters' requests for comment.
Michael Dell is VMware's biggest investor with a 40% stake after the company was spun out of Dell Technologies DELL.N last year. He would be in line for a windfall if the deal went through.
TIMELINE-Broadcom's deal history under CEO Hock Tan
(Reporting by Greg Roumeliotis in New York, Shivam Patel in Bengaluru and Supantha Mukherjee in Stockholm; Editing by Christian Schmollinger, Tom Hogue, Chris Reese, Kirsten Donovan)
((Shivam.Patel@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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Michael Dell is VMware's biggest investor with a 40% stake after the company was spun out of Dell Technologies DELL.N last year. By Greg Roumeliotis and Supantha Mukherjee NEW YORK/STOCKHOLM, May 23 (Reuters) - Broadcom Inc AVGO.O is in talks to acquire cloud service provider VMware Inc VMW.N in a deal which could transform the chipmaker into a diversified tech firm, people familiar with the matter said. Broadcom makes an array of chips used in products ranging from mobile phones to telecom networks but a buyout of VMware would give it access to data centers where the latter's technology is a mainstay for cloud customers.
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Michael Dell is VMware's biggest investor with a 40% stake after the company was spun out of Dell Technologies DELL.N last year. By Greg Roumeliotis and Supantha Mukherjee NEW YORK/STOCKHOLM, May 23 (Reuters) - Broadcom Inc AVGO.O is in talks to acquire cloud service provider VMware Inc VMW.N in a deal which could transform the chipmaker into a diversified tech firm, people familiar with the matter said. Broadcom CEO Hock Tan, a Malaysian-American billionaire, has been a prolific deal maker since taking the helm of what was a small chipmaker in 2006.
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Michael Dell is VMware's biggest investor with a 40% stake after the company was spun out of Dell Technologies DELL.N last year. By Greg Roumeliotis and Supantha Mukherjee NEW YORK/STOCKHOLM, May 23 (Reuters) - Broadcom Inc AVGO.O is in talks to acquire cloud service provider VMware Inc VMW.N in a deal which could transform the chipmaker into a diversified tech firm, people familiar with the matter said. "A VMware acquisition would just about triple the size of Broadcom's software segment, as well as bring the overall software mix close to 50% for the combined company," Bernstein analysts wrote in a note to clients.
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Michael Dell is VMware's biggest investor with a 40% stake after the company was spun out of Dell Technologies DELL.N last year. Tan's most audacious move was to try to buy mobile chipmaker Qualcomm QCOM.O for $103 billion in 2017. VMware has a market value of $40 billion.
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2022-05-22 00:00:00 UTC
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Broadcom Reportedly In Talks To Buy VMware
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DELL
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https://www.nasdaq.com/articles/broadcom-reportedly-in-talks-to-buy-vmware
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nan
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(RTTNews) - Chip maker Broadcom Inc. (AVGO) is in negotiations to buy enterprise cloud-computing company VMware Inc. (VMW), according to several media reports on Sunday citing people familiar with the matter.
The reports said that negotiations are ongoing and a deal is not imminent. The deal terms under discussion could not be learned.
As of on Friday's market close, Mware has a market value of $40 billion, while Broadcom is around $222 billion.
The deal discussions come about six months after computing pioneer Dell Technologies Inc. (DELL) spun off its 81% equity stake in VMware.
The views and 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 deal discussions come about six months after computing pioneer Dell Technologies Inc. (DELL) spun off its 81% equity stake in VMware. (RTTNews) - Chip maker Broadcom Inc. (AVGO) is in negotiations to buy enterprise cloud-computing company VMware Inc. (VMW), according to several media reports on Sunday citing people familiar with the matter. The reports said that negotiations are ongoing and a deal is not imminent.
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The deal discussions come about six months after computing pioneer Dell Technologies Inc. (DELL) spun off its 81% equity stake in VMware. As of on Friday's market close, Mware has a market value of $40 billion, while Broadcom is around $222 billion. The views and 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 deal discussions come about six months after computing pioneer Dell Technologies Inc. (DELL) spun off its 81% equity stake in VMware. (RTTNews) - Chip maker Broadcom Inc. (AVGO) is in negotiations to buy enterprise cloud-computing company VMware Inc. (VMW), according to several media reports on Sunday citing people familiar with the matter. The views and 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 deal discussions come about six months after computing pioneer Dell Technologies Inc. (DELL) spun off its 81% equity stake in VMware. (RTTNews) - Chip maker Broadcom Inc. (AVGO) is in negotiations to buy enterprise cloud-computing company VMware Inc. (VMW), according to several media reports on Sunday citing people familiar with the matter. The reports said that negotiations are ongoing and a deal is not imminent.
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2022-05-22 00:00:00 UTC
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Broadcom in talks to acquire VMware -sources
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DELL
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https://www.nasdaq.com/articles/broadcom-in-talks-to-acquire-vmware-sources
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nan
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By Greg Roumeliotis
May 22 (Reuters) - Chipmaker Broadcom Inc AVGO.O is in talks to acquire cloud service provider VMware Inc VMW.N, people familiar with the matter told Reuters.
Negotiations between Broadcom and VMware are ongoing and a deal is not imminent, the sources said. The deal terms under discussion could not be learned.
The acquisition would further diversify Broadcom’s business away from semiconductors and into enterprise software, following its $18.9 billion acquisition of CA Technologies and its $10.7 billion purchase of Symantec Corp’s security division in the last four years.
Bloomberg News first reported the deal late on Sunday. Broadcom and VMware did not immediately respond to Reuters' requests for comment. As of Friday's market close, the market capitalization of VMware was $40.3 billion.
Michael Dell is VMware’s biggest investor with a 40% stake as a result of Dell Technologies IncDELL.Nhaving spun out VMWare to its shareholders last year, according to Refinitiv data.
Private equity firm Silver Lake, which has previously invested in Broadcom, is VMware’s second largest shareholder with a 10% stake, Refinitiv data shows.
(Reporting by Greg Roumeliotis in New York and Shivam Patel in Bengaluru; Editing by Christian Schmollinger, Tom Hogue and Chris Reese)
((Shivam.Patel@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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Michael Dell is VMware’s biggest investor with a 40% stake as a result of Dell Technologies IncDELL.Nhaving spun out VMWare to its shareholders last year, according to Refinitiv data. The acquisition would further diversify Broadcom’s business away from semiconductors and into enterprise software, following its $18.9 billion acquisition of CA Technologies and its $10.7 billion purchase of Symantec Corp’s security division in the last four years. Private equity firm Silver Lake, which has previously invested in Broadcom, is VMware’s second largest shareholder with a 10% stake, Refinitiv data shows.
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Michael Dell is VMware’s biggest investor with a 40% stake as a result of Dell Technologies IncDELL.Nhaving spun out VMWare to its shareholders last year, according to Refinitiv data. By Greg Roumeliotis May 22 (Reuters) - Chipmaker Broadcom Inc AVGO.O is in talks to acquire cloud service provider VMware Inc VMW.N, people familiar with the matter told Reuters. Private equity firm Silver Lake, which has previously invested in Broadcom, is VMware’s second largest shareholder with a 10% stake, Refinitiv data shows.
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Michael Dell is VMware’s biggest investor with a 40% stake as a result of Dell Technologies IncDELL.Nhaving spun out VMWare to its shareholders last year, according to Refinitiv data. By Greg Roumeliotis May 22 (Reuters) - Chipmaker Broadcom Inc AVGO.O is in talks to acquire cloud service provider VMware Inc VMW.N, people familiar with the matter told Reuters. Private equity firm Silver Lake, which has previously invested in Broadcom, is VMware’s second largest shareholder with a 10% stake, Refinitiv data shows.
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Michael Dell is VMware’s biggest investor with a 40% stake as a result of Dell Technologies IncDELL.Nhaving spun out VMWare to its shareholders last year, according to Refinitiv data. By Greg Roumeliotis May 22 (Reuters) - Chipmaker Broadcom Inc AVGO.O is in talks to acquire cloud service provider VMware Inc VMW.N, people familiar with the matter told Reuters. Negotiations between Broadcom and VMware are ongoing and a deal is not imminent, the sources said.
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5e1d60e4-7370-4987-aa51-cc3e938f1369
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725789.0
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2022-05-19 00:00:00 UTC
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Dell Technologies (DELL) Expected to Beat Earnings Estimates: Should You Buy?
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DELL
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https://www.nasdaq.com/articles/dell-technologies-dell-expected-to-beat-earnings-estimates%3A-should-you-buy-0
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Wall Street expects a year-over-year decline in earnings on higher revenues when Dell Technologies (DELL) reports results for the quarter ended April 2022. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 26. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on theearnings callwill mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus Estimate
This computer and technology services provider is expected to post quarterly earnings of $1.39 per share in its upcoming report, which represents a year-over-year change of -34.7%.
Revenues are expected to be $25.32 billion, up 3.4% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings Whisper
Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Dell Technologies?
For Dell Technologies, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.72%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination indicates that Dell Technologies will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?
While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Dell Technologies would post earnings of $1.95 per share when it actually produced earnings of $1.72, delivering a surprise of -11.79%.
Over the last four quarters, the company has beaten consensus EPS estimates three times.
Bottom Line
An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Dell Technologies appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Wall Street expects a year-over-year decline in earnings on higher revenues when Dell Technologies (DELL) reports results for the quarter ended April 2022. How Have the Numbers Shaped Up for Dell Technologies? For Dell Technologies, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects.
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Wall Street expects a year-over-year decline in earnings on higher revenues when Dell Technologies (DELL) reports results for the quarter ended April 2022. How Have the Numbers Shaped Up for Dell Technologies? For Dell Technologies, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects.
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For Dell Technologies, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. Wall Street expects a year-over-year decline in earnings on higher revenues when Dell Technologies (DELL) reports results for the quarter ended April 2022. How Have the Numbers Shaped Up for Dell Technologies?
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For Dell Technologies, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. For the last reported quarter, it was expected that Dell Technologies would post earnings of $1.95 per share when it actually produced earnings of $1.72, delivering a surprise of -11.79%. Wall Street expects a year-over-year decline in earnings on higher revenues when Dell Technologies (DELL) reports results for the quarter ended April 2022.
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35d805a3-af87-454b-959d-e865df13f09d
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725790.0
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2022-05-19 00:00:00 UTC
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The 7 Most Undervalued Stocks to Buy After the Sell-Off
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DELL
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https://www.nasdaq.com/articles/the-7-most-undervalued-stocks-to-buy-after-the-sell-off
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Steep corrections are usually the perfect time to buy some of the most undervalued stocks on Wall Street.
Dell Technologies (DELL): One of the only two major PC makers to increase global shipments during the first quarter.
GoPro (GPRO): Website subscriptions have created a significant source of recurring revenue.
Honeywell (HON): Created the largest quantum computing company in the world with Quantinuum.
Meta Platforms (FB): The social media giant ended Q1 with 3.64 billion monthly active users.
Micron (MU): The chipmaker is capitalizing on strong momentum in the data center market.
Moderna (MRNA): The biotech has launched clinical trials for alternative Covid-19 vaccines that target highly contagious variants.
Seagate Technology (STX): Cloud data center demand for large-capacity hard disk drives is expected to increase through 2022.
Source: akamakis / Shutterstock.com
History has repeatedly shown that steep corrections are the perfect time to shop for some of the most undervalued stocks on the Street. The tech-driven Nasdaq 100 index has declined more than 24% so far in 2022. On May 5, the index saw its third-largest single-session point drop on record and, at one point, plunged by 6% on an intra-day basis.
Meanwhile, the consumer price index (CPI) rose 8.3% in April, hovering around its highest level in four decades. Many on Wall Street see this continued acceleration in CPI as a harbinger of significant interest rate hikes in the coming months.
As a result, high-growth stocks will continue to be under pressure, especially those lacking in profitability. In other words, some darlings of the pandemic could still fall further and may not necessarily be considered undervalued just yet. Therefore, we ask our readers to proceed with caution.
7 Oil Stocks to Buy With Safe Dividends
With that information, here are seven of the most undervalued stocks that could offer a solid path to growing your wealth:
DELL Dell Technologies $43.94
GPRO GoPro $6.74
HON Honeywell International $194.80
FB Meta Platforms $193.95
MU Micron $70.98
MRNA Moderna $137.33
STX Seagate $83.66
Most Undervalued Stocks: Dell Technologies (DELL)
Source: Jonathan Weiss / Shutterstock.com
The first undervalued stock on our list is Dell Technologies (NYSE:DELL). This global information technology (IT) company is best known for computer products, servers, networking, and storage solutions.
Dell announced Q4 results on Feb. 24. Revenue increased 16% year-over-year (YOY) to $28 billion. Adjusted diluted earnings per share came in at $1.72, down from $1.76 a year ago. Cash and equivalents ended the period at $10.1 billion.
Pandemic-induced demand for personal computers is cooling. Gartner estimates worldwide PC shipments fell by 6.8% YOY to 77.9 million units during the first quarter of 2022. Apple (NASDAQ:AAPL) and Dell are the only two major PC makers that managed to increase global shipments.
DELL stock has declined 20% YTD. Management recently announced a $1 billion annual dividend, yielding 2.9% at the current share price.
Meanwhile, shares offer a strong value at 6.7 times forward earnings and 0.35 times sales. The 12-month median price forecast for DELL stock stands at $60.50.
GoPro (GPRO)
Source: Larry George II / Shutterstock.com
Next on our list is GoPro (NASDAQ:GPRO), the global leader in action camera technology. Management released Q1 results on May 5.
Revenue increased 6% YOY to $217 million. Adjusted net income stood at 9 cents per diluted share, up from 3 cents in the prior-year quarter. Cash and equivalents ended the period at $305 million.
Subscriptions for GoPro.com make up the largest source of recurring revenue. Investors were pleased to see that Q1 subscriber numbers increased 85% YOY to 1.74 million, leading to a 71% increase in subscription revenue. In addition, those metrics helped elevate the Q1 gross margin to 42%, up from 38.6% in the prior-year quarter.
The 7 Best Long-Term Stocks to Buy Now
GPRO stock has dropped almost 33% YTD. Shares are trading at only 6.8 times forward earnings and 1.1 times sales. The 12-month median price forecast for GoPro is at $11.50, offering a 65% upside potential from its current price.
Most Undervalued Stocks: Honeywell International (HON)
Source: josefkubes / Shutterstock.com
The multi-industry conglomerate Honeywell (NASDAQ:HON) is next on our list. Its portfolio of businesses includes aerospace systems, building technologies, advanced materials, process automation, and refining products.
Honeywell issued Q1 results on Apr. 29il Revenue declined 1% YOY to $8.4 billion. Adjusted earnings stood at $1.91 per share, roughly flat from a year ago. Cash and equivalents ended the period at $9.28 billion.
Meanwhile, total orders increased by 13% YOY in the quarter. As a result, Honeywell’s backlog jumped by 9% to $28.5 billion, representing around 80% of estimated sales in 2022.
The Aerospace segment is enjoying a multi-year recovery in commercial and business aviation. In addition, management believes its creation of Quantinuum, the world’s largest quantum computing company, could generate $2 billion in revenue by 2026.
HON stock has lost almost 7% YTD. Shares are trading at 22.2 times forward earnings and just 3.9 times sales. The 12-month median price forecast for HON stock stands at $219.
Meta Platforms (FB)
Source: Blue Planet Studio / Shutterstock.com
Next up is Meta Platforms (NASDAQ:FB), the largest social media company worldwide. Its family of apps, including Facebook, Instagram, Messenger, and WhatsApp, boast over 2.87 billion daily active users. Meta primarily generates revenue through advertisements on its platforms.
Facebook announced Q1 results on April 27. Revenue increased 7% YOY to $27.9 billion. Earnings per share came in at $2.72, compared to $3.30 in the prior-year quarter. Cash and equivalents ended the period at $43.9 billion.
The social media giant ended March with 3.64 billion monthly active users. No other social media platform provides exposure to such a broad audience. In addition, the company is testing tools that allow developers to create digital experiences on its social virtual reality (VR) platform, Horizon Worlds.
The 7 Best Energy Stocks to Buy Now
However, FB stock has tumbled nearly 41% YTD. Shares are trading at 15.7 times forward earnings and 4.45 times sales. At present, the 12-month median price forecast for FB stock is at $290.
Most Undervalued Stocks: Micron Technology (MU)
Chip heavyweight Micron Technology (NASDAQ:MU) is a global leader in semiconductor memory solutions. It manufactures high-performance DRAM and NAND flash memory chips.
Micron released Q2 results on March 29. Revenue increased nearly 25% YOY to $7.79 billion. Adjusted net income was $2.14 per diluted share, compared to 98 cents per diluted share a year ago. Cash and equivalents ended the period at $9.2 billion.
The chipmaker is capitalizing on rising memory chip prices and strong momentum in the data center market. In the first quarter, DRAM and NAND chips saw annual revenue increases of 29% and 19%, respectively. Consequently, management expect revenue to reach $8.7 billion in the third quarter, representing a 12% sequential increase.
Like most other chip stocks, MU stock has declined almost 25% YTD. As a result, shares look significantly undervalued within the semiconductor industry at just 5.8 times forward earnings and 2.5 times sales. The 12-month median price forecast for Micron Technology stock stands at $114.
Moderna (MRNA)
Source: Ascannio / Shutterstock.com
Another undervalued stock we see is Moderna (NASDAQ:MRNA), the biotech name that rose to prominence during the Covid-19 pandemic. It develops messenger RNA therapeutics and vaccines for infectious, cardiovascular, and immuno-oncology diseases.
Moderna reported Q1 results on May 4. Revenue soared 321% YOY to $6.1 billion. Diluted earnings of $8.58 per share more than tripled YOY, up from $2.84 in the prior-year period. Cash and equivalents ended the year at $19.3 billion.
Thanks to its Spikevax coronavirus vaccine, the company generated $6.1 billion in Q1 revenue. Advance purchase agreements for the vaccine are worth roughly $21 billion.
However, Spikevax’s share of booster doses worldwide has slightly declined over the past three months. The company is also testing a pair of potential flu vaccines and an HIV vaccine.
7 Safe Small-Cap Stocks to Buy Now
MRNA stock sank nearly 42% YTD. Now, shares are trading at just 4.9 times forward earnings and 2.35 times sales. Meanwhile, the 12-month median price forecast for Moderna stock is at $204.50
Most Undervalued Stocks: Seagate Technology (STX)
Source: Sundry Photography / Shutterstock.com
The final undervalued stock on our list is Seagate (NASDAQ:STX), a leading hard disk drive (HDD) and solid state drive (SSD) supplier for the enterprise and consumer markets. Over the past 40 years, the company has shipped more than three billion terabytes of data capacity.
Seagate issued Q3 results on April 27. Revenue increased 3% YOY to $2.8 billion. Adjusted earnings came in at $1.81 per diluted share, up from $1.48 a year ago. The company reported $363 million in free cash flow. Cash and equivalents ended the period at $1.1 billion.
The drive manufacturer is benefiting from a favorable pricing environment, as well as a robust product mix for the disk drive market. Management expects cloud data center demand for large-capacity HDDs to accelerate through 2022.
STX stock has declined more than 28% YTD. Shares are trading at 8.4 times forward earnings and 1.5 times sales. Finally, the 12-month median price forecast for Seagate stock stands at $100.
On the date of publication, Tezcan Gecgil is both long and short MU stock. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
The post The 7 Most Undervalued Stocks to Buy After the Sell-Off 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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Dell Technologies (DELL): One of the only two major PC makers to increase global shipments during the first quarter. 7 Oil Stocks to Buy With Safe Dividends With that information, here are seven of the most undervalued stocks that could offer a solid path to growing your wealth: DELL Dell Technologies $43.94 GPRO GoPro $6.74 HON Honeywell International $194.80 FB Meta Platforms $193.95 MU Micron $70.98 MRNA Moderna $137.33 STX Seagate $83.66 Most Undervalued Stocks: Dell Technologies (DELL) Source: Jonathan Weiss / Shutterstock.com The first undervalued stock on our list is Dell Technologies (NYSE:DELL). Dell announced Q4 results on Feb. 24.
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7 Oil Stocks to Buy With Safe Dividends With that information, here are seven of the most undervalued stocks that could offer a solid path to growing your wealth: DELL Dell Technologies $43.94 GPRO GoPro $6.74 HON Honeywell International $194.80 FB Meta Platforms $193.95 MU Micron $70.98 MRNA Moderna $137.33 STX Seagate $83.66 Most Undervalued Stocks: Dell Technologies (DELL) Source: Jonathan Weiss / Shutterstock.com The first undervalued stock on our list is Dell Technologies (NYSE:DELL). Dell Technologies (DELL): One of the only two major PC makers to increase global shipments during the first quarter. Dell announced Q4 results on Feb. 24.
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7 Oil Stocks to Buy With Safe Dividends With that information, here are seven of the most undervalued stocks that could offer a solid path to growing your wealth: DELL Dell Technologies $43.94 GPRO GoPro $6.74 HON Honeywell International $194.80 FB Meta Platforms $193.95 MU Micron $70.98 MRNA Moderna $137.33 STX Seagate $83.66 Most Undervalued Stocks: Dell Technologies (DELL) Source: Jonathan Weiss / Shutterstock.com The first undervalued stock on our list is Dell Technologies (NYSE:DELL). Dell Technologies (DELL): One of the only two major PC makers to increase global shipments during the first quarter. Dell announced Q4 results on Feb. 24.
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7 Oil Stocks to Buy With Safe Dividends With that information, here are seven of the most undervalued stocks that could offer a solid path to growing your wealth: DELL Dell Technologies $43.94 GPRO GoPro $6.74 HON Honeywell International $194.80 FB Meta Platforms $193.95 MU Micron $70.98 MRNA Moderna $137.33 STX Seagate $83.66 Most Undervalued Stocks: Dell Technologies (DELL) Source: Jonathan Weiss / Shutterstock.com The first undervalued stock on our list is Dell Technologies (NYSE:DELL). Dell Technologies (DELL): One of the only two major PC makers to increase global shipments during the first quarter. Dell announced Q4 results on Feb. 24.
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d7e500d5-e9d8-4a0a-8bd3-483917129383
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725791.0
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2022-05-18 00:00:00 UTC
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Dynatrace (DT) Beats Q4 Earnings and Revenue Estimates
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DELL
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https://www.nasdaq.com/articles/dynatrace-dt-beats-q4-earnings-and-revenue-estimates
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nan
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nan
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Dynatrace (DT) came out with quarterly earnings of $0.17 per share, beating the Zacks Consensus Estimate of $0.16 per share. This compares to earnings of $0.15 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 6.25%. A quarter ago, it was expected that this software intellegence company would post earnings of $0.16 per share when it actually produced earnings of $0.18, delivering a surprise of 12.50%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Dynatrace, which belongs to the Zacks Computers - IT Services industry, posted revenues of $252.59 million for the quarter ended March 2022, surpassing the Zacks Consensus Estimate by 2.22%. This compares to year-ago revenues of $196.5 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Dynatrace shares have lost about 45.6% since the beginning of the year versus the S&P 500's decline of -14.2%.
What's Next for Dynatrace?
While Dynatrace has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Dynatrace: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.18 on $262.3 million in revenues for the coming quarter and $0.75 on $1.15 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computers - IT Services is currently in the bottom 33% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Dell Technologies (DELL), another stock in the same industry, has yet to report results for the quarter ended April 2022. The results are expected to be released on May 26.
This computer and technology services provider is expected to post quarterly earnings of $1.39 per share in its upcoming report, which represents a year-over-year change of -34.7%. The consensus EPS estimate for the quarter has been revised 2.4% lower over the last 30 days to the current level.
Dell Technologies' revenues are expected to be $25.32 billion, up 3.4% from the year-ago quarter.
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
Dynatrace, Inc. (DT): Free Stock Analysis Report
Dell Technologies Inc. (DELL): 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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Dell Technologies (DELL), another stock in the same industry, has yet to report results for the quarter ended April 2022. Dell Technologies' revenues are expected to be $25.32 billion, up 3.4% from the year-ago quarter. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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Dell Technologies Inc. (DELL): Free Stock Analysis Report Dell Technologies (DELL), another stock in the same industry, has yet to report results for the quarter ended April 2022. Dell Technologies' revenues are expected to be $25.32 billion, up 3.4% from the year-ago quarter.
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Dell Technologies (DELL), another stock in the same industry, has yet to report results for the quarter ended April 2022. Dell Technologies' revenues are expected to be $25.32 billion, up 3.4% from the year-ago quarter. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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Dell Technologies (DELL), another stock in the same industry, has yet to report results for the quarter ended April 2022. Dell Technologies' revenues are expected to be $25.32 billion, up 3.4% from the year-ago quarter. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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725792.0
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2022-05-16 00:00:00 UTC
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Elliott dissolves stake in Duke Energy, discloses stake in Suncor
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DELL
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https://www.nasdaq.com/articles/elliott-dissolves-stake-in-duke-energy-discloses-stake-in-suncor-0
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nan
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Adds background
NEW YORK, May 16 (Reuters) - New York-based Elliott Investment Management, one of the world's most prominent activist investors, has dissolved its stake in Duke Energy Corp DUK.N, the firm disclosed in a regulatory filing on Monday.
Elliott owned 1 million shares at the end of the fourth quarter, according to a filing made in February. At the end of the first quarter, it no longer owned the stock, the filing made on Monday shows.
The so-called 13F filings, made on Monday, show what investment managers owned at the end of the previous quarter and while they are backward looking, they are widely reviewed for signs of investment trends.
The activist investor disclosed a stake last year and had been pushing Duke to consider splitting into three companies.
However, Duke said in November it would add two directors backed by Elliott to its board as part of a deal. Elliott last year launched 17 campaigns marking its most active year since 2018, data from Lazard show. It targeted companies, including Twitter, Duke Energy, Citrix and Willis Towers Watson.
The firm also disclosed on Monday it had 10 million common shares in Canada's Suncor Energy Inc SU.TO. Elliott is pushing to add new board directors, overhaul management and begin a strategic review, saying that its shares have lagged even as crude prices surged to multi-year highs.
(Reporting by Megan Davies; additional reporting by Svea Herbst-Bayliss; Editing by Leslie Adler and Aurora Ellis)
((megan.davies@thomsonreuters.com; +1 646 223 6190;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Adds background NEW YORK, May 16 (Reuters) - New York-based Elliott Investment Management, one of the world's most prominent activist investors, has dissolved its stake in Duke Energy Corp DUK.N, the firm disclosed in a regulatory filing on Monday. It targeted companies, including Twitter, Duke Energy, Citrix and Willis Towers Watson. Elliott is pushing to add new board directors, overhaul management and begin a strategic review, saying that its shares have lagged even as crude prices surged to multi-year highs.
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Adds background NEW YORK, May 16 (Reuters) - New York-based Elliott Investment Management, one of the world's most prominent activist investors, has dissolved its stake in Duke Energy Corp DUK.N, the firm disclosed in a regulatory filing on Monday. The so-called 13F filings, made on Monday, show what investment managers owned at the end of the previous quarter and while they are backward looking, they are widely reviewed for signs of investment trends. The activist investor disclosed a stake last year and had been pushing Duke to consider splitting into three companies.
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Adds background NEW YORK, May 16 (Reuters) - New York-based Elliott Investment Management, one of the world's most prominent activist investors, has dissolved its stake in Duke Energy Corp DUK.N, the firm disclosed in a regulatory filing on Monday. Elliott owned 1 million shares at the end of the fourth quarter, according to a filing made in February. The so-called 13F filings, made on Monday, show what investment managers owned at the end of the previous quarter and while they are backward looking, they are widely reviewed for signs of investment trends.
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Adds background NEW YORK, May 16 (Reuters) - New York-based Elliott Investment Management, one of the world's most prominent activist investors, has dissolved its stake in Duke Energy Corp DUK.N, the firm disclosed in a regulatory filing on Monday. Elliott owned 1 million shares at the end of the fourth quarter, according to a filing made in February. The activist investor disclosed a stake last year and had been pushing Duke to consider splitting into three companies.
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2022-05-16 00:00:00 UTC
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After Hours Most Active for May 16, 2022 : AAPL, DNA, PINS, SMAR, MSFT, CSX, TGNA, WBD, PM, DELL, AMAT, TWOU
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DELL
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https://www.nasdaq.com/articles/after-hours-most-active-for-may-16-2022-%3A-aapl-dna-pins-smar-msft-csx-tgna-wbd-pm-dell
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The NASDAQ 100 After Hours Indicator is down -11.04 to 12,232.54. The total After hours volume is currently 76,740,823 shares traded.
The following are the most active stocks for the after hours session:
Apple Inc. (AAPL) is -0.18 at $145.36, with 4,409,501 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2023. The consensus EPS forecast is $1.56. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
Ginkgo Bioworks Holdings, Inc. (DNA) is +0.01 at $2.44, with 3,439,376 shares traded. As reported by Zacks, the current mean recommendation for DNA is in the "buy range".
Pinterest, Inc. (PINS) is unchanged at $21.49, with 2,147,185 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2022. The consensus EPS forecast is $0.06. PINS's current last sale is 68.22% of the target price of $31.5.
Smartsheet Inc. (SMAR) is unchanged at $38.12, with 2,085,084 shares traded. As reported by Zacks, the current mean recommendation for SMAR is in the "buy range".
Microsoft Corporation (MSFT) is -0.1 at $261.40, with 1,954,004 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2022. The consensus EPS forecast is $2.33. As reported by Zacks, the current mean recommendation for MSFT is in the "buy range".
CSX Corporation (CSX) is unchanged at $33.26, with 1,811,754 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2022. The consensus EPS forecast is $0.47. CSX's current last sale is 83.15% of the target price of $40.
TEGNA Inc. (TGNA) is -0.01 at $21.05, with 1,784,026 shares traded. TGNA's current last sale is 87.71% of the target price of $24.
Warner Bros. Discovery, Inc. (WBD) is unchanged at $17.21, with 1,741,259 shares traded. WBD's current last sale is 43.03% of the target price of $40.
Philip Morris International Inc (PM) is unchanged at $105.91, with 1,671,951 shares traded. PM's current last sale is 93.31% of the target price of $113.5.
Dell Technologies Inc. (DELL) is unchanged at $45.03, with 1,632,632 shares traded. As reported by Zacks, the current mean recommendation for DELL is in the "buy range".
Applied Materials, Inc. (AMAT) is unchanged at $110.48, with 1,583,090 shares traded.AMAT is scheduled to provide an earnings report on 5/19/2022, for the fiscal quarter ending Apr2022. The consensus earnings per share forecast is 1.89 per share, which represents a 163 percent increase over the EPS one Year Ago
2U, Inc. (TWOU) is -0.02 at $10.46, with 1,318,378 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2022. The consensus EPS forecast is $-0.46. TWOU's current last sale is 65.38% of the target price of $16.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies Inc. (DELL) is unchanged at $45.03, with 1,632,632 shares traded. As reported by Zacks, the current mean recommendation for DELL is in the "buy range". Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2023.
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Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2022. Dell Technologies Inc. (DELL) is unchanged at $45.03, with 1,632,632 shares traded. As reported by Zacks, the current mean recommendation for DELL is in the "buy range".
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Dell Technologies Inc. (DELL) is unchanged at $45.03, with 1,632,632 shares traded. As reported by Zacks, the current mean recommendation for DELL is in the "buy range". CSX Corporation (CSX) is unchanged at $33.26, with 1,811,754 shares traded.
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Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2022. Dell Technologies Inc. (DELL) is unchanged at $45.03, with 1,632,632 shares traded. As reported by Zacks, the current mean recommendation for DELL is in the "buy range".
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725794.0
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2022-05-16 00:00:00 UTC
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Marriott International and Coinbase Global have been highlighted as Zacks Bull and Bear of the Day
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DELL
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https://www.nasdaq.com/articles/marriott-international-and-coinbase-global-have-been-highlighted-as-zacks-bull-and-bear-of
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For Immediate Release
Chicago, IL – May 16, 2022 – Zacks Equity Research shares Marriott International MAR as the Bull of the Day and Coinbase Global COIN asthe Bear of the Day. In addition, Zacks Equity Research provides analysis on Cisco Systems CSCO, Wix.com WIX, and Dell Technologies DELL.
Here is a synopsis of all five stocks:
Bull of the Day:
Marriott International reported impressive Q1 2022 results last week, with earnings and revenues surpassing the Zacks Consensus Estimates.
This is an important company to look at for two big reasons right now...
1) According to research from the World Travel & Tourism Council (WTTC) and Oxford Economics in February, its latest economic modeling projected that U.S. Travel & Tourism could rebound strongly this year, reaching almost $2 trillion in U.S. GDP contribution and exceeding pre-pandemic levels by 6.2%.
Specifically, the report highlighted that U.S. domestic Travel & Tourism spending is forecast to reach more than $1.1 trillion for the year, surpassing pre-pandemic levels by 11.3%. Ironically, this $1.1T number is the value that was lost in 2020.
2) Despite raging inflation ravaging the stock market and threatening recession, this steady earner could be the safe harbor in a storm. Let's look at the fundamentals and make that determination.
Marriott Quarter Discussion
The bottom line outpaced the consensus mark for the seventh straight quarter, while the top line beat the same for the fourth consecutive quarter. Following the results, the company's shares are up 2.9% in the pre-market trading session.
During the quarter, the company witnessed solid demand in the United States, Canada, the Middle East and Africa region. Marriott benefited from robust leisure demand and improvements in business and cross-border travel.
Although the Omicron variant had affected business transient demand in January, demand is stated to have picked up in March. With global trends improving, the company expects the recovery momentum to continue in the upcoming periods as well.
At the end of Q1 2022, Marriott's development pipeline totaled nearly 2,878 hotels, with approximately 489,000 rooms. Nearly 201,400 rooms were under construction.
Impressively, during the quarter the company added 75 new properties (11,799 rooms) to its worldwide lodging portfolio.
Earnings & Revenue Details
In the quarter under review, Marriott's adjusted earnings per share (EPS) were $1.25, surpassing the Zacks Consensus Estimate of 95 cents. In the prior-year quarter, the company had reported adjusted earnings of 10 cents per share
Quarterly revenues of $4,199 million surpassed the consensus mark of $4,172 million. The top line surged 81.3% on a year-over-year basis. During the quarter, revenues from Base management and Franchise fee came in at $213 million and $500 million compared with $106 million and $306 million reported in the prior-year quarter.
RevPAR & Margins
In the quarter under review, RevPAR for worldwide comparable system-wide properties fell 19.4% (in constant dollars) compared with 2019 levels. The downside was primarily driven by a fall in occupancy (13.6% from 2019 levels). However, the average daily rate (ADR) increased 0.8% from 2019 levels.
RevPAR, or revenue per available room, is a performance metric in the hotel industry that is calculated by dividing a hotel's total guestroom revenue by the room count and the number of days in the period being measured.
Comparable system-wide RevPAR in Asia Pacific (excluding China) fell 48.4% (in constant dollars) from 2019 levels. Occupancy and ADR declined 26.1% and 18.6%, respectively, from 2019 levels. Comparable system-wide RevPAR in Greater China fell 41.9% from 2019 levels.
On a constant-dollar basis, international comparable system-wide RevPAR fell 31.7% compared with 2019 levels. Occupancy and ADR declined 19.8% and 2.4%, respectively, from 2019 levels. Comparable system-wide RevPAR in Europe and the Caribbean & Latin America declined 37.9% and 13.5%, respectively, from 2019 levels.
Total expenses during the quarter increased 63.1% year over year to $ 3,641 million, primarily owing to a rise in Reimbursed expenses.
During the first quarter, adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to $759 million compared with $296 million reported in the prior-year quarter.
After this strong report card and outlook, analyst consensus numbers climbed on the top and bottom lines with revenues for this year projected to hit nearly $20 billion, representing 43% annual growth. And EPS launched up to $5.90, for an 85% expected advance.
Stagflation Spiral?
Given these strong numbers and a stock trading at a discount to its fundamental value, I think the case can be made for buying MAR near $160. But let's look at the brewing crisis that has flared up since the optimistic forecasts of a big travel and tourism rebound were made early this year.
Here's what I wrote to my members last week...
TAZR Traders
Tonight we'll look at the market's greatest fear: a stagflationary shock where credit contracts sharply and recession becomes a self-fulfilling prophecy.
As I discussed on April 27, Tech Stocks Are Acting Like a Recession Has Started.
Wednesday, Jeffrey Rosenberg of BlackRock published a lengthy research note titled "A Stagflationary Shock" which depicts an even grimmer picture that prompts me to raise my recession probability to 35%.
This view is simply based on the self-fulfilling dynamic of contractions. Fear begets fear, which lead to contractions in investment and spending, and we're seeing it flare up in credit spreads and Bitcoin too.
This becomes one of the worst environments for stocks as they are sold wholesale to get capital out of the way -- even if the recession probability never rises above 40%.
Here were Rosenberg's Key Points...
1. A stagflationary shock
The Russian invasion of Ukraine may spell higher prices and lower growth for the global economy—increasing downside risks to markets and heightening central bank policy uncertainty.
2. The vaccination for inflation?
Central banks have prescribed a regiment of rate increases and the end of QE to stop the spread of inflation, but the dosage may not be adequate to protect against its many variants.
3. Expanding return sources
Rising political tensions make the Fed's fight with inflation even more tenuous. New sources of diversification and return may be needed as inflation undermines the traditional diversifying properties of bonds.
And he further opined on the impact of the Russian invasion of Ukraine...
"The economic and financial impact of the Russian invasion of Ukraine represents a stagflationary shock for the global economy. The prices of commodities, including fuel, food and metals are all surging. Stagflation, an economic environment of stagnant growth and rising inflation, was once a long-tail risk, but now appears to be a real possibility."
If you like macro, the full piece on Advisor Perspectives is worth your time, with many charts of commodity prices, global bond rates, inflation rates, consumer finances, and a comparative study of "company pricing power and cost of workers."
Bottom line on Marriott: Consumers are itching to catch a flight to just about anywhere and, while the current downdraft in stock market wealth may trim some appetites, the forecast for a surge in travel & tourism that exceeds 2019 is probably well intact. MAR is a good way to play it from these levels.
Bear of the Day:
Coinbase Global, the $15 billion cryptocurrency exchange that lost over two-thirds of its value in the last month, delivered a crushing reversal of fortunes last week in its Q1 report on Tuesday evening May 10.
Lower crypto prices and volatility in the quarter that ended in March, led to lower trading volumes and resulted in a drop in net revenue of 27% year-over-year to $1.2 billion.
Meanwhile, net income plummeted from $771 million to a loss of $430 million. Primarily, a doubling of operating expenses during the quarter created the whopping loss.
But the stock drop of over 40% in the two days following that report was also fueled by speculation about the company warning that "in the event of a bankruptcy, the crypto assets we hold in custody on behalf of our customers could be subject to bankruptcy proceedings, and such customers could be treated as our general unsecured creditors."
This sent further panic through a crypto market already reeling with the crash of Bitcoin to $30,000 -- and subsequently to $25,000 -- and the concurrent collapse of a "stablecoin" called Luna.
Quarter Details
Coinbase Global reported a Q1 loss of $1.98 per share in contrast to the year-ago earnings of $3.05 per share.
In the quarter, Coinbase witnessed lower trading volumes in both retail and institutional as the trend of both lower crypto asset prices and volatility that began in late 2021 continued into the first quarter of 2022. Active monthly users declined 19% from the fourth quarter.
In the days since the company report, the Zacks Consensus EPS estimate for this year has been slashed from a profit of 51-cents to a loss of $7.47, representing an annual decline of over 150%. A few weeks ago, the full-year projection had been for a profit of $3.07.
And next year's profit consensus has also been shredded from $5.70 to a loss of 93-cents in the last few weeks.
Total Q1 revenues came in at $1.2 billion, which missed the Zacks Consensus Estimate of $1.4 billion. The top line drop reflected decreases in transaction revenues, subscription and services revenues as well as other revenues.
Monthly Transacting Users (MTUs) grew to 9.2 million, up 50.8% year over year, driven by higher retail and institutional volume.
The trading volume of $309 billion declined 7.8% year over year, attributable to lower trading volume in both Retail and Institutional. Total trading volume continued to diversify beyond Bitcoin into Ethereum and other crypto assets.
Total operating expenses more than doubled year over year to $1.7 billion, attributable to an increase in transaction expense, technology and development, sales and marketing and general and administrative and other operating expense.
Adjusted EBITDA was $20 million in the reported quarter, a drop from $1.2 billion reported in the year-ago quarter.
Financial Update
As of Mar 31, 2022, cash and cash equivalents were $6.1 billion, down 14.4% from the figure at 2021 end. Total assets were $20.9 billion, down 1.8% from the level at 2021 end.
At the end of the first quarter of 2022, the long-term debt of the company was $3.4 billion, up 0.1% from 2021 end.
Total shareholders' equity was $6.5 billion at the end of the reported quarter, up 1.8% from the value on Dec 31, 2020.
Cash used in operations was $830.1 million versus cash from operations of $3.4 million in the year-ago quarter.
Q2 Guidance
Coinbase estimates retail MTU and total Trading volume to be lower in second-quarter 2022 compared with first-quarter 2022.
Transaction expenses are expected to be in the lower twenties as a percent of net revenues.
Operating expenses will be between $1.1 and $1.3 billion. Sales and marketing expenses are expected to be in the mid-to-high teens of as a percentage of net revenues.
2022 Guidance
The annual average retail MTU is expected to be between 5 and 15 million.
While subscription and services revenues are expected to strongly grow over 2021, transaction expenses, as a percentage of revenues, are expected to be in the low 20%. Sales and marketing expenses, as a percentage of revenues, are expected to be about 12-15%. Technology & development and general & administrative expenses are projected to be between $4.25 and $5.25 billion.
Adjusted EBITDA losses are expected to be about $500 million.
Bottom line on COIN: While Cathie Wood's ARK Invest Innovation ETF continues to back COIN and bought 860,000 more shares last week, other interested investors may benefit and keep their risk low by letting the dust settle here as the shares should see continued volatility. Best to wait until the earnings outlook stabilizes and stops heading down. The Zacks Rank will let you know.
Additional content:
What Factors to Note When Cisco Reports Earnings This Week
Cisco Systems is set to release third-quarter fiscal 2022 results on May 18.
The company anticipates third-quarter fiscal 2022 revenues to improve in the range of 3-5% on a year-over-year basis. Non-GAAP earnings are anticipated to be between 85 and 87 cents per share.
The Zacks Consensus Estimate for revenues is pegged at $13.33 billion, indicating an increase of 4.10% over the year-ago quarter's reported figure.
The consensus mark for earnings has been stable in the past 30 days at 86 cents per share. The figure suggests growth of 3.61% from the prior-year quarter's levels.
Let's see how things have shaped up for Cisco prior to this announcement.
Factors Likely to Have Influenced Q3 Results
Cisco's extensive product portfolio and varied end-user base are expected to have positively contributed to the fiscal third-quarter top-line growth.
Accelerated digital transformation taking place globally, and the need to build a safe hybrid-work environment are driving demand for Cisco's solutions. Robust adoption of the company's software and subscription-based offerings is likely to have acted as a tailwind.
Cisco's revenues are likely to have benefited from momentum in web security, identity and access, as well as in advanced threat and unified threat management security solutions, owing to higher cybersecurity spending on the back of continued remote/hybrid work set up globally.
Increasing adoption of the SecureX offering is likely to have contributed to the to-be-reported quarter's performance.
Higher bandwidth requirements by customers are expected to have driven demand for Acacia's optical solutions.
Momentum in Cisco's video-conferencing application — Webex platform — induced by the coronavirus-induced remote-work setup and accelerated implementation of flexible work model is expected to have supported fiscal second-quarter performance.
However, higher component costs are expected to have hurt gross margin in the to-be-reported quarter.
Increasing investments in portfolio expansion, product enhancements and acquisitions amid stiff competition in the networking infrastructure market are expected to have dragged down margin expansion in the fiscal third quarter.
What Our Model Says
Per the Zacks model, 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.
Cisco has an Earnings ESP of 0.84% and carries a Zacks Rank #2 currently. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Other Stocks to Consider
Here are a couple other companies you may want to consider, as our model shows that these too have the right combination of elements to post an earnings beat in their upcoming releases:
Wix.com has an Earnings ESP of +15.09% and a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank stocks here.
WIX is scheduled to release first-quarter 2022 results on May 16.
Dell Technologie shares an Earnings ESP of +0.72% and a Zacks Rank #3.
DELL is scheduled to release first-quarter fiscal 2023 results on May 26.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Why Haven't You Looked at Zacks' Top Stocks?
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Media Contact
Zacks Investment Research
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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.
Investor Alert: Legal Marijuana Looking for big gains?
Now is the time to get in on a young industry primed to skyrocket from $13.5 billion in 2021 to an expected $70.6 billion by 2028.
After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could kick start an even greater bonanza for investors. Zacks Investment Research has recently closed pot stocks that have shot up as high as +147.0%.
You’re invited to immediately check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.
Today, Download Marijuana Moneymakers 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
Marriott International, Inc. (MAR): Free Stock Analysis Report
Cisco Systems, Inc. (CSCO): Free Stock Analysis Report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
Wix.com Ltd. (WIX): Free Stock Analysis Report
Coinbase Global, Inc. (COIN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In addition, Zacks Equity Research provides analysis on Cisco Systems CSCO, Wix.com WIX, and Dell Technologies DELL. Dell Technologie shares an Earnings ESP of +0.72% and a Zacks Rank #3. DELL is scheduled to release first-quarter fiscal 2023 results on May 26.
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In addition, Zacks Equity Research provides analysis on Cisco Systems CSCO, Wix.com WIX, and Dell Technologies DELL. Dell Technologie shares an Earnings ESP of +0.72% and a Zacks Rank #3. DELL is scheduled to release first-quarter fiscal 2023 results on May 26.
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In addition, Zacks Equity Research provides analysis on Cisco Systems CSCO, Wix.com WIX, and Dell Technologies DELL. Dell Technologie shares an Earnings ESP of +0.72% and a Zacks Rank #3. DELL is scheduled to release first-quarter fiscal 2023 results on May 26.
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In addition, Zacks Equity Research provides analysis on Cisco Systems CSCO, Wix.com WIX, and Dell Technologies DELL. Dell Technologie shares an Earnings ESP of +0.72% and a Zacks Rank #3. DELL is scheduled to release first-quarter fiscal 2023 results on May 26.
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2022-05-13 00:00:00 UTC
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Cisco Systems (CSCO) to Report Q3 Earnings: Factors to Note
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DELL
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https://www.nasdaq.com/articles/cisco-systems-csco-to-report-q3-earnings%3A-factors-to-note
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Cisco Systems CSCO is set to release third-quarter fiscal 2022 results on May 18.
The company anticipates third-quarter fiscal 2022 revenues to improve in the range of 3-5% on a year-over-year basis. Non-GAAP earnings are anticipated to be between 85 and 87 cents per share.
The Zacks Consensus Estimate for revenues is pegged at $13.33 billion, indicating an increase of 4.10% over the year-ago quarter’s reported figure.
The consensus mark for earnings has been stable in the past 30 days at 86 cents per share. The figure suggests growth of 3.61% from the prior-year quarter’s levels.
Cisco Systems, Inc. Price and EPS Surprise
Cisco Systems, Inc. price-eps-surprise | Cisco Systems, Inc. Quote
Let’s see how things have shaped up for Cisco prior to this announcement.
Factors Likely to Have Influenced Q3 Results
Cisco’s extensive product portfolio and varied end-user base are expected to have positively contributed to the fiscal third-quarter top-line growth.
Accelerated digital transformation taking place globally, and the need to build a safe hybrid-work environment are driving demand for Cisco’s solutions. Robust adoption of the company’s software and subscription-based offerings is likely to have acted as a tailwind.
Cisco’s revenues are likely to have benefited from momentum in web security, identity and access, as well as in advanced threat and unified threat management security solutions, owing to higher cybersecurity spending on the back of continued remote/hybrid work set up globally.
Increasing adoption of the SecureX offering is likely to have contributed to the to-be-reported quarter’s performance.
Higher bandwidth requirements by customers are expected to have driven demand for Acacia’s optical solutions.
Momentum in Cisco’s video-conferencing application — Webex platform — induced by the coronavirus-induced remote-work setup and accelerated implementation of flexible work model is expected to have supported fiscal second-quarter performance.
However, higher component costs are expected to have hurt gross margin in the to-be-reported quarter.
Increasing investments in portfolio expansion, product enhancements and acquisitions amid stiff competition in the networking infrastructure market are expected to have dragged down margin expansion in the fiscal third quarter.
What Our Model Says
Per the Zacks model, 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.
Cisco has an Earnings ESP of 0.84% and carries a Zacks Rank #2 currently. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Other Stocks to Consider
Here are a few other companies you may want to consider, as our model shows that these too have the right combination of elements to post an earnings beat in their upcoming releases:
Wix.com WIX has an Earnings ESP of +15.09% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
WIX is scheduled to release first-quarter 2022 results on May 16.
Dell Technologies DELL has an Earnings ESP of +0.72% and a Zacks Rank #3.
DELL is scheduled to release first-quarter fiscal 2023 results on May 26.
Keysight KEYS has an Earnings ESP of +0.48% and a Zacks Rank #3.
KEYS is scheduled to release second-quarter fiscal 2022 results on May 17.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Cisco Systems, Inc. (CSCO): Free Stock Analysis Report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
Keysight Technologies Inc. (KEYS): Free Stock Analysis Report
Wix.com Ltd. (WIX): 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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Dell Technologies DELL has an Earnings ESP of +0.72% and a Zacks Rank #3. DELL is scheduled to release first-quarter fiscal 2023 results on May 26. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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Dell Technologies Inc. (DELL): Free Stock Analysis Report Dell Technologies DELL has an Earnings ESP of +0.72% and a Zacks Rank #3. DELL is scheduled to release first-quarter fiscal 2023 results on May 26.
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Dell Technologies DELL has an Earnings ESP of +0.72% and a Zacks Rank #3. DELL is scheduled to release first-quarter fiscal 2023 results on May 26. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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Dell Technologies DELL has an Earnings ESP of +0.72% and a Zacks Rank #3. DELL is scheduled to release first-quarter fiscal 2023 results on May 26. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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725796.0
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2022-05-12 00:00:00 UTC
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One Stop Systems, Inc. (OSS) Q1 Earnings and Revenues Top Estimates
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DELL
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https://www.nasdaq.com/articles/one-stop-systems-inc.-oss-q1-earnings-and-revenues-top-estimates
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nan
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nan
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One Stop Systems, Inc. (OSS) came out with quarterly earnings of $0.05 per share, beating the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.03 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 25%. A quarter ago, it was expected that this company would post earnings of $0.07 per share when it actually produced break-even earnings, delivering a surprise of -100%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
One Stop Systems, Inc., which belongs to the Zacks Electronics - Miscellaneous Products industry, posted revenues of $17.05 million for the quarter ended March 2022, surpassing the Zacks Consensus Estimate by 1.51%. This compares to year-ago revenues of $13.32 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
One Stop Systems, Inc. Shares have lost about 12.7% since the beginning of the year versus the S&P 500's decline of -17.4%.
What's Next for One Stop Systems, Inc.
While One Stop Systems, Inc. Has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for One Stop Systems, Inc. Unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #5 (Strong Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.05 on $17 million in revenues for the coming quarter and $0.24 on $71 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Electronics - Miscellaneous Products is currently in the top 41% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Dell Technologies (DELL), another stock in the broader Zacks Computer and Technology sector, has yet to report results for the quarter ended April 2022. The results are expected to be released on May 26.
This computer and technology services provider is expected to post quarterly earnings of $1.39 per share in its upcoming report, which represents a year-over-year change of -34.7%. The consensus EPS estimate for the quarter has been revised 2.4% lower over the last 30 days to the current level.
Dell Technologies' revenues are expected to be $25.32 billion, up 3.4% from the year-ago quarter.
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One Stop Systems, Inc. (OSS): Free Stock Analysis Report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
To read this article on Zacks.com 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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Dell Technologies (DELL), another stock in the broader Zacks Computer and Technology sector, has yet to report results for the quarter ended April 2022. Dell Technologies' revenues are expected to be $25.32 billion, up 3.4% from the year-ago quarter. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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Dell Technologies (DELL), another stock in the broader Zacks Computer and Technology sector, has yet to report results for the quarter ended April 2022. Dell Technologies' revenues are expected to be $25.32 billion, up 3.4% from the year-ago quarter. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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Dell Technologies (DELL), another stock in the broader Zacks Computer and Technology sector, has yet to report results for the quarter ended April 2022. Dell Technologies' revenues are expected to be $25.32 billion, up 3.4% from the year-ago quarter. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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Dell Technologies (DELL), another stock in the broader Zacks Computer and Technology sector, has yet to report results for the quarter ended April 2022. Dell Technologies' revenues are expected to be $25.32 billion, up 3.4% from the year-ago quarter. Dell Technologies Inc. (DELL): Free Stock Analysis Report
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5b57adc7-4e89-4010-85bf-5f11fe8f51fe
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725797.0
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2022-05-12 00:00:00 UTC
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Dell Technologies Enters Oversold Territory
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DELL
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https://www.nasdaq.com/articles/dell-technologies-enters-oversold-territory
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nan
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nan
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Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In trading on Thursday, shares of Dell Technologies Inc (Symbol: DELL) entered into oversold territory, hitting an RSI reading of 29.1, after changing hands as low as $43.165 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 28.9. A bullish investor could look at DELL's 29.1 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DELL shares:
Looking at the chart above, DELL's low point in its 52 week range is $43.165 per share, with $114.99 as the 52 week high point — that compares with a last trade of $43.74.
Find out what 9 other oversold stocks you need to know about »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Thursday, shares of Dell Technologies Inc (Symbol: DELL) entered into oversold territory, hitting an RSI reading of 29.1, after changing hands as low as $43.165 per share. A bullish investor could look at DELL's 29.1 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DELL shares: Looking at the chart above, DELL's low point in its 52 week range is $43.165 per share, with $114.99 as the 52 week high point — that compares with a last trade of $43.74.
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In trading on Thursday, shares of Dell Technologies Inc (Symbol: DELL) entered into oversold territory, hitting an RSI reading of 29.1, after changing hands as low as $43.165 per share. A bullish investor could look at DELL's 29.1 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DELL shares: Looking at the chart above, DELL's low point in its 52 week range is $43.165 per share, with $114.99 as the 52 week high point — that compares with a last trade of $43.74.
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In trading on Thursday, shares of Dell Technologies Inc (Symbol: DELL) entered into oversold territory, hitting an RSI reading of 29.1, after changing hands as low as $43.165 per share. A bullish investor could look at DELL's 29.1 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DELL shares: Looking at the chart above, DELL's low point in its 52 week range is $43.165 per share, with $114.99 as the 52 week high point — that compares with a last trade of $43.74.
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In trading on Thursday, shares of Dell Technologies Inc (Symbol: DELL) entered into oversold territory, hitting an RSI reading of 29.1, after changing hands as low as $43.165 per share. A bullish investor could look at DELL's 29.1 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DELL shares: Looking at the chart above, DELL's low point in its 52 week range is $43.165 per share, with $114.99 as the 52 week high point — that compares with a last trade of $43.74.
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fafee494-83af-4f0c-acf6-cd9af26edc23
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725798.0
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2022-05-12 00:00:00 UTC
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Dell Technologies Passes Through 3% Yield Mark
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DELL
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https://www.nasdaq.com/articles/dell-technologies-passes-through-3-yield-mark
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nan
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nan
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Looking at the universe of stocks we cover at Dividend Channel, in trading on Thursday, shares of Dell Technologies Inc (Symbol: DELL) were yielding above the 3% mark based on its quarterly dividend (annualized to $1.32), with the stock changing hands as low as $43.16 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return. To illustrate, suppose for example you purchased shares of the iShares Russell 3000 ETF (IWV) back on 5/31/2000 — you would have paid $78.27 per share. Fast forward to 5/31/2012 and each share was worth $77.79 on that date, a loss of $0.48 or 0.6% decrease over twelve years. But now consider that you collected a whopping $10.77 per share in dividends over the same period, increasing your return to 13.15%. Even with dividends reinvested, that only amounts to an average annual total return of about 1.0%; so by comparison collecting a yield above 3% would appear considerably attractive if that yield is sustainable. Dell Technologies Inc (Symbol: DELL) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets.
In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Dell Technologies Inc, looking at the history chart for DELL below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 3% annual yield.
Click here to find out which 9 other dividend stocks just recently went on sale »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at the universe of stocks we cover at Dividend Channel, in trading on Thursday, shares of Dell Technologies Inc (Symbol: DELL) were yielding above the 3% mark based on its quarterly dividend (annualized to $1.32), with the stock changing hands as low as $43.16 on the day. Dell Technologies Inc (Symbol: DELL) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of Dell Technologies Inc, looking at the history chart for DELL below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 3% annual yield.
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Looking at the universe of stocks we cover at Dividend Channel, in trading on Thursday, shares of Dell Technologies Inc (Symbol: DELL) were yielding above the 3% mark based on its quarterly dividend (annualized to $1.32), with the stock changing hands as low as $43.16 on the day. Dell Technologies Inc (Symbol: DELL) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of Dell Technologies Inc, looking at the history chart for DELL below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 3% annual yield.
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Looking at the universe of stocks we cover at Dividend Channel, in trading on Thursday, shares of Dell Technologies Inc (Symbol: DELL) were yielding above the 3% mark based on its quarterly dividend (annualized to $1.32), with the stock changing hands as low as $43.16 on the day. In the case of Dell Technologies Inc, looking at the history chart for DELL below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 3% annual yield. Dell Technologies Inc (Symbol: DELL) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets.
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Looking at the universe of stocks we cover at Dividend Channel, in trading on Thursday, shares of Dell Technologies Inc (Symbol: DELL) were yielding above the 3% mark based on its quarterly dividend (annualized to $1.32), with the stock changing hands as low as $43.16 on the day. Dell Technologies Inc (Symbol: DELL) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of Dell Technologies Inc, looking at the history chart for DELL below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 3% annual yield.
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fd6b568e-0855-43a6-8bb5-588c387bad57
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725799.0
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2022-05-12 00:00:00 UTC
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Sea Limited (SE) to Report Q1 Earnings: What's in Store?
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DELL
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https://www.nasdaq.com/articles/sea-limited-se-to-report-q1-earnings%3A-whats-in-store
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nan
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nan
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Sea Limited SE is set to release first-quarter 2022 results on May 17.
The Zacks Consensus Estimate for loss has widened by 18% to 82 cents per share over the past 30 days. Sea Limited reported a loss of 62 cents per share in the year-ago quarter.
The consensus mark for revenues is currently pegged at $2.70 billion, indicating 28.6% growth from the year-ago quarter’s reported figure.
The company’s earnings missed the Zacks Consensus Estimate in three of the trailing four quarters, the earnings surprise being -53.24%.
Sea Limited Sponsored ADR Price and EPS Surprise
Sea Limited Sponsored ADR price-eps-surprise | Sea Limited Sponsored ADR Quote
Let’s see how things have shaped up prior to this announcement.
Factors at Play for Q1 Results
Sea Limited’s digital entertainment (Garena) and e-commerce businesses are expected to have continued to capitalize on changing consumer behavior in the first quarter.
Garena is likely to have benefited from the continued popularity of Free Fire.
The company’s e-commerce segment is likely to have gained traction from a strong uptick in Shopee, its online shopping platform. Additionally, SeaMoney’s strengthening integration with Shopee is expected to have aided Sea’s digital financial services business.
However, exit from India and France are expected to have hurt Shopee’s top-line growth.
Higher expenses related to the expansion of e-commerce services and continued efforts to integrate the company’s mobile wallet services with the Shopee platform across different markets are expected to have negatively impacted profitability in the to-be-reported quarter.
What Our Model Indicates
Per the Zacks model, 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.
Sea Limited has an Earnings ESP of 0.00% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are a few companies worth considering, as our model shows that they have the right combination of elements to beat on earnings this reporting cycle:
Cisco Systems CSCO has an Earnings ESP of +0.84% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
The company is scheduled to release third-quarter fiscal 2022 results on May 18.
CSCO’s shares have fallen 23.3% in the year-to-date period compared with the Zacks Computer and Technology sector, which witnessed a fall of 26% over the same time frame.
Wix.com WIX has an Earnings ESP of +15.09% and a Zacks Rank #2.
WIX is scheduled to release first-quarter 2022 results on May 16. Wix.com’s shares are down 63% in the year-to-date period.
Dell Technologies DELL has an Earnings ESP of +0.72% and a Zacks Rank #3.
DELL is scheduled to release first-quarter fiscal 2023 results on May 26. Dell’s shares are down 21% in the year-to-date period.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Cisco Systems, Inc. (CSCO): Free Stock Analysis Report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
Sea Limited Sponsored ADR (SE): Free Stock Analysis Report
Wix.com Ltd. (WIX): 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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Dell Technologies DELL has an Earnings ESP of +0.72% and a Zacks Rank #3. DELL is scheduled to release first-quarter fiscal 2023 results on May 26. Dell’s shares are down 21% in the year-to-date period.
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Dell Technologies DELL has an Earnings ESP of +0.72% and a Zacks Rank #3. DELL is scheduled to release first-quarter fiscal 2023 results on May 26. Dell’s shares are down 21% in the year-to-date period.
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Dell Technologies DELL has an Earnings ESP of +0.72% and a Zacks Rank #3. DELL is scheduled to release first-quarter fiscal 2023 results on May 26. Dell’s shares are down 21% in the year-to-date period.
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Dell Technologies DELL has an Earnings ESP of +0.72% and a Zacks Rank #3. DELL is scheduled to release first-quarter fiscal 2023 results on May 26. Dell’s shares are down 21% in the year-to-date period.
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21d832c3-e6d9-44d7-a240-4ecc2d94af66
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