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Flywire 10.44M share IPO priced at $24.00

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallMay 25th, 2021

IPO Report: Freshworks prices IPO at $36 a share, raising more than $1 billion

Freshworks Inc. priced its initial public offering at $36 a share Tuesday night, above its expected range of $32 to $34 a share......»»

Category: topSource: marketwatch8 hr. 57 min. ago

IPO Report: Toast prices IPO at $40 a share, way above range, for $20 billion valuation: reports

Toast Inc., a restaurant-focused payments company, priced its initial public offering at $40 a share late Tuesday, according to Dow Jones Newswires and CNBC, significantly above its expected range of $34 to $36 apiece. That range had already been raised from the original $30 to $33 a share......»»

Category: topSource: marketwatch8 hr. 57 min. ago

Multifamily Activity Bolsters Housing Starts, but Single-Family Production Low

Strong multifamily activity pushed overall housing starts up in August but single-family starts have dipped in response to continued supply chain and labor challenges. Total starts increased 3.9% to a seasonally adjusted annual rate of 1.62 million units, according to the latest data from the U.S. Department of Housing and Urban Development and the U.S. […] The post Multifamily Activity Bolsters Housing Starts, but Single-Family Production Low appeared first on RISMedia. Strong multifamily activity pushed overall housing starts up in August but single-family starts have dipped in response to continued supply chain and labor challenges. Total starts increased 3.9% to a seasonally adjusted annual rate of 1.62 million units, according to the latest data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The August reading of 1.62 million starts is the number of housing units builders would begin if development kept this pace for the next 12 months. Within this overall number, single-family starts decreased 2.8% to a 1.08 million seasonally adjusted annual rate, but are up 23.8% year-to-date. The multifamily sector increased 20.6% to a 539,000 pace. The breakdown: Housing Starts: 1.62 million (+3.9%% month-over-month, +17.4% year-over-year) Multifamily Starts: 530,000 Single-Family Starts: 1,054,000 Building Permits: 1.73 million (+6.0% month-over-month, +13.5% year-over-year) Multifamily Permits: 632,000 Single-Family Permits: 1,048,000 Completions: 1.33 million (-4.5% month-over-month, +9.4% year-over-year) Multifamily Completions: 356,000 Single-Family Completions: 971,000 Regional year-to-date data: Midwest: +14% South: +20.2% West:  +23.9% Northeast: +35.96% What the industry is saying: “Total housing starts and housing permits made decent gains in August compared to the month prior, but the focus was on multifamily units. Single-family housing starts fell 2.8% while single-family housing permits, a gauge for future activity, were essentially unchanged after falling in the past four months. Multifamily starts, comprising mostly apartments, increased by 20.6% while multifamily permits rose 15.8%. “There is certainly a housing shortage, as reflected in the low inventory of homes for sale and in low rental vacancy rates. However, a shift toward rental buildings means less access to homeownership over the long run and the accompanying opportunity for wealth gains. Home-price gains will surely moderate after experiencing gains of nearly 20% in the first half of this year. But given the housing shortage and the lack of big increases in the construction of single-family homes, home prices will continue to move higher than most people’s income gains. That’s good news for property owners, but bad news for those wanting to become homeowners.” — Dr. Lawrence Yun, Chief Economist, National Association of REALTORS® “Single-family construction is normalizing at more sustainable levels after an increase in building material pricing. Demand remains strong, but the market is facing increasing housing affordability issues after a run-up in new and existing home prices. Multifamily construction increased in August, with NAHB expecting a solid gain for apartment construction in 2021 after a slight decline last year.” — Chuck Fowke, Chairman, National Association of Home Builders “More inventory is coming for a market that continues to face a housing deficit. The number of single-family homes under construction in August-702,000-is the highest since the Great Recession and is 32.7% higher than a year ago. While some building materials, like lumber, have seen easing prices, delivery delays and a lack of skilled labor and building lots continue to hold the market back.” — Robert Dietz, Chief Economist, National Association of Home Builders “The pace of new construction reflected homebuilder shifts toward higher margin projects amid fluctuating costs. As August saw home builder sentiment dip over concerns of slipping buyer traffic and sales, builders sought permits for more multifamily projects. However, this week’s September sentiment numbers show a rebound is in the works, as residential construction companies work through their order backlog and look forward to increased traffic heading into 2022. Real estate markets are grappling with a decade of underbuilding, which has pushed this year’s buyers to pay record-high prices for a tight number of homes for sale. As millennials—the largest generation in our country’s history—came of age during the last 10 years, new construction volume lagged, creating a shortage of 5.2 million new homes. Moreover, completed new homes have been mostly aimed at the premium segment of the market, with the share of new-home sales priced at or below $300,000 dropping from 43% of total in 2018, to 32% in the first half of 2021. “For builders, demographics offer tremendous potential, as the millennial generation is in its peak household formation years. In a promising recent development for builders and buyers alike, California’s recent legislative move to expand access to more homes through relaxing single-family zoning standards could serve as a model for other states and open the door for an influx of affordable new construction supply.” — George Ratiu, Manager of Economic Research, realtor.com® “New-home starts recovered in August, following a brief period of decline in July due to supply chain issues. Additionally, the backlog of homes authorized but not started has grown to record levels over the late spring and summer, and as builders are able to secure materials and labor it is not surprising to see starts begin to pick back up. This backlog is a promising metric, and while some of the pipeline of units may be canceled, it is likely that a good share of the backlog will make it to market due to robust housing demand.” — Kelly Mangold, Principal, RCLCO Real Estate Consulting The post Multifamily Activity Bolsters Housing Starts, but Single-Family Production Low appeared first on RISMedia......»»

Category: realestateSource: rismedia18 hr. 29 min. ago

4 Dirt Cheap Stocks to Bet on Amid September Market Meltdown

Amid the decline of the benchmarks, investors should bet on discounted stocks like SNDR, NOG, GIII, and ANF for future growth. The number of new COVID-19 cases and the market both displayed a rising trend in the last three months. The job market gained consistently in this period, reflecting a stable economy. In August, particularly, unemployment rates were lower in 15 states and the District of Columbia and stable in 35 states. Nonfarm payroll employment increased in 11 states, decreased in three states, and was unchanged in 36 states and the District — per the data by the U.S. Bureau of Labour Statistics.While many of the market watchers assured us about this sustained bull run despite a massive spread of the more lethal Delta strain, others apprehended a bloodbath round the corner. Eventually, over the past two trading days, the market is deep into the bear territory, displaying the worst run since May.Yesterday, the stock market crashed with benchmarks like the S&P 500 and Dow Jones both down nearly 2%. NASDAQ Composite Index, which gained support last week from the technology bigwigs, declined 2.2% yesterday, shedding more than 300 points.Two Primary Pull-Down FactorsThe intensifying China property market crisis is expected to have played a major role behind the dragging down of the benchmarks. Alliance Bernstein’s Co-Head of Asia Pacific Fixed Income Jenny Zeng recently warned that the highly distressed real estate developer of China, Evergrande (tagged as the world’s most indebted developer with $300 billion of debt at present) is on the edge of default. As quoted by CNBC, she also stated that this collapse will have a ‘domino effect’ on China’s property sector. In the overseas dollar market, these distressed developers combinedly hold a meaningful portion. Consequently, market watchers are worried that the collapse, if it occurs, will have a spillover effect worldwide.Another point that is troubling the investors is the apprehension that amid the job market growth, the COVID-19 induced monetary stimulus might get significantly tapered. During the economic crisis, several stimulus measures were launched mainly in the form of rate cuts and bond purchases.  There are concerns that the Fed and other central banks, which are going to have a two-day meeting starting today, might start winding down stimulus.Market to Revive with OSHA RuleThanks to the ongoing market selloffs, a number of growth stocks have once again moved into the undervalued territory. However, the ongoing extensive rollout of vaccines across the nation, particularly, the latest launch of President Biden’s COVID-19 action plan called “Path Out of the Pandemic” is claimed to boost the financial market rebound.As per the six-pronged, comprehensive national strategy, the Department of Labor’s Occupational Safety and Health Administration (OSHA) will develop a rule that will require all employers with 100 or more employees to ensure that their workforce is fully vaccinated. Any worker who remains unvaccinated will be required to produce a negative test result on at least a weekly basis before coming to work. The OSHA will issue an Emergency Temporary Standard (ETS) to implement this requirement.Once the OSHA rule is implemented, the COVID-19 fear factor is likely to ease further. Market watchers believe that steep rebounds are once again in the cards for the currently beaten-down stocks.Value Investing: The Ideal Strategy NowGiven the grim U.S. stock market scenario, investors may choose some fundamentally strong stocks,which have been currently pushed into the value territory because of the September market meltdown. These beaten-down stocks are currently available at dirt-cheap prices.It has been observed that growth stocks outshine value stocks during economic downturns. However, when the economy picks up pace, post the pandemic-led economic mayhem, value stocks are expected to outperform the market.To narrow down the list, we have selected stocks with a Value Style Score of A or B. Our research shows that stocks with a Value Score of A or B, when combined with a Zacks Rank #1 (Strong Buy) or 2 (Buy), offer the best upside potential. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Listed below are four companies that investors can consider during these trying times.Schneider National SNDR: This Zacks Rank #1 stock with a Value Score of A is a leading transportation and logistics services company. The company is currently being aided by strong performances of the Intermodal and Logistics units. The Intermodal segment is benefiting from yield management and increased volumes, while the Logistics unit is thriving on the back of favorable constructive market conditions and other factors. The stock is currently priced at $22.30. In 2021, the company’s earnings and sales are expected to grow 56.8% and 8.5% respectively.Schneider National, Inc. Price Schneider National, Inc. price | Schneider National, Inc. QuoteNorthern Oil and Gas NOG: The company’s core operations are focused on three leading basins of the United States — the Williston, Permian,and the Appalachian. The company employs a unique non-operating business model, which helps it to keep costs down and increase free cash flow. Prioritizing returns to investors, Northern Oil and Gas recently initiated a 3 cents per share quarterly base dividend, with the first payment to be made in the third quarter.This Zacks Rank #1 stock with a Value Score of A is currently priced at $19 a share. In 2021, the company’s earnings and sales are expected to grow 70.9% and 209.7% respectively.Northern Oil and Gas, Inc. Price Northern Oil and Gas, Inc. price | Northern Oil and Gas, Inc. QuoteG-III Apparel, Ltd. GIII: Solid gains from the company’s assortments and digital business are currently driving results. Although the retail business has been sluggish, management has completed the division’s restructuring and the new model is poised to attain profitability. G-III Apparel’s digital business also continues to exhibit strength.This stock too sports a Zacks Rank #1 and has a Value Score of A. It is currently priced at $28.45 a share. In 2021, the company’s earnings and sales are expected to grow 341.6% and 30.2%, respectively.GIII Apparel Group, LTD. Price GIII Apparel Group, LTD. price | GIII Apparel Group, LTD. QuoteAbercrombie & Fitch Company ANF: The company operates as a specialty retailer of premium, high-quality casual apparel for men, women, and kids through a network of approximately 850 stores across North America, Europe, Asia, and the Middle East. Abercrombie is making significant progress in expanding digital and omni-channel capabilities to better engage with consumers. Despite the reopening of stores, the company’s strong digital momentum continued in the last-reported second-quarter 2021.This stock too sports a Zacks Rank #1 and has a Value Score A. It is currently priced at $28.45 a share.In 2021, the company’s earnings and sales are expected to grow 341.6% and 30.2%, respectively.Abercrombie & Fitch Company Price Abercrombie & Fitch Company price | Abercrombie & Fitch Company Quote 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 Abercrombie & Fitch Company (ANF): Free Stock Analysis Report GIII Apparel Group, LTD. (GIII): Free Stock Analysis Report Northern Oil and Gas, Inc. (NOG): Free Stock Analysis Report Schneider National, Inc. (SNDR): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacks19 hr. 29 min. ago

AT&T (T) Halves HBO Max Subscription Price to Woo Back Customers

AT&T (T) is presently offering HBO Max streaming service at $7.49 per month for six months in a limited promotional deal till Sep 26 to woo back customers, as the streaming wars heat up. Over the past few months, AT&T Inc. T has taken several strategic decisions to focus more on its customer-centric business model. One of these included the decision to phase out HBO and HBO Max subscriptions through Amazon Prime Video Channels of Amazon.com, Inc. AMZN, as it aimed to develop direct-to-consumer relationships. As HBO subscriptions officially went off the air from Amazon Prime on Sep 15, AT&T apparently lost about 5 million U.S. subscribers who had signed through Amazon. The company is now aiming to woo back these customers and attract newer ones as well through a discounted price offering as the streaming wars heat up.HBO Max subscription was originally priced at $14.99 per month. AT&T is presently offering this streaming service at $7.49 per month for six months in a limited promotional deal till Sep 26. The disruptive pricing is lower than the Prime video membership of $8.99 per month, plus taxes and is likely to be a lucrative offer for both existing and new customers. The offer, however, is available to only U.S. customers as AT&T expects to register healthy growth in HBO Max subscribers in international markets. The company is likely to launch HBO Max in six European countries next month and follow it up with additional launches in 14 other countries in Europe in 2022. With solid demand trends due to an uptick in pandemic-induced nesting activities — games, streaming video, and home fitness, the company expects to achieve 70-73 million global HBO Max and HBO subscribers by the end of 2021.AT&T expects the merger of its WarnerMedia assets with Discovery, Inc. DISCA to be completed by mid-2022. The transaction aims to spin off the carrier’s media assets and merge them with the complementary assets of Discovery. Post completion of the deal, AT&T will receive $43 billion in a combination of cash and debt securities and will own 71% of the new entity, while Discovery will own the remainder. The transaction is expected to enable the carrier to trim its huge debt burden and focus on core businesses. The separation of the media assets is likely to offer the company an opportunity to better align its communications business with a focused total return capital allocation strategy. Moreover, a focused entertainment company is likely to be better placed to capitalize on the booming direct-to-consumer (DTC) streaming services market and unlock value from media assets. This, in turn, could help it to reinvest in the new entity for more content and digital innovation in order to scale the global DTC business. The transaction is expected to generate cost synergies of $3 billion per year resulting from technology, marketing, and platform savings with the consolidation of DTC capabilities and the elimination of duplicate initiatives.Post completion of the deal, AT&T expects revenues to witness a CAGR of low single digits from 2022 to 2024, with adjusted EBITDA and adjusted earnings per share recording a CAGR of mid-single digits. The company further expects annual dividends in the range of $8-$9 billion, reflecting a payout ratio of 40% to 43% on a projected free cash flow of more than $20 billion in 2023.  The stock has lost 3.8% in the past year compared with the industry’s decline of 3%. Image Source: Zacks Investment ResearchNevertheless, we remain impressed with the inherent growth potential of this Zacks Rank #3 (Hold) stock. A better-ranked stock in the broader industry is Qualcomm Incorporated QCOM, carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Qualcomm has a long-term earnings growth expectation of 21%. It delivered an earnings surprise of 13.5%, on average, in the trailing four quarters. Breakout Biotech Stocks with Triple-Digit Profit Potential The biotech sector is projected to surge beyond $2.4 trillion by 2028 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases. Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Recommendations from previous editions of this report have produced gains of +205%, +258% and +477%. The stocks in this report could perform even better.See these 7 breakthrough 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 Amazon.com, Inc. (AMZN): Free Stock Analysis Report QUALCOMM Incorporated (QCOM): Free Stock Analysis Report AT&T Inc. (T): Free Stock Analysis Report Discovery, Inc. (DISCA): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 21st, 2021

Third Day of New Highs Despite Soaring PPI

Third Day of New Highs Despite Soaring PPI SPECIAL ALERT: Investors hear a lot of hype about penny stocks. The prospect of ultra-low entry prices and huge paydays can be alluring. But in reality, penny stocks are extremely risky. Most are shell companies with no real employees or assets. So while big gains are possible, they are difficult to trade profitably. There is a better way. In our new Special Report, The Truth About Penny Stocks: 3 Low-Cost Buys with Sky-High Potential, you’ll learn how to find high-quality, low-priced stocks with triple- and even quadruple-digit upside. We also share 3 stocks that fit the bill right now. Log on to Zacks.com to read it now. The major indices all overcame morning weakness on Thursday and moved higher in the session… but not by very much. Nevertheless, we still saw another day of new highs amid a fresh round of data on hot-button issues like employment and inflation. The NASDAQ was the best performer on Thursday with an advance of 0.35% (or about 51 points) to 14,816.26. The increase ended two consecutive days of losses for the tech-heavy index, which goes into Friday’s session lower for the week by a little less than 20 points. Meanwhile, the S&P was up 0.30% to 4460.83 and the Dow inched forward 0.04% (or nearly 15 points) to 35,499.85. These results make three straight sessions of record highs. If you include last Friday, then its actually four days of history in the past five sessions. This is the first time since Thursday, August 5 that all major indices finished in the green at the same time. Otherwise, this has been a mixed week with investors trying to digest big portions of economic data. Today’s schedule included the PPI, which increased 1% in July. That was quite a bit higher than expectations at 0.6% and showed no improvement from June’s 1% jump. The index is now up 7.8% in the previous 12 months. This marked the second straight day with a hot inflation indicator after Wednesday’s CPI, which soared another 5.4% year over year last month (though that was largely in-line with expectations). In other news, the jobless claims number came to 375K last week, or 10K less than the previous print and the second consecutive month below 400K. That’s not quite as exciting as the more than 900K jobs that were added last month, but its still a move in the right direction as this economic recovery continues. And let’s not forget that earnings season is still around… and is still pretty fantastic! One of this afternoon’s big reports was Disney (DIS), which reported a fiscal third quarter earnings surprise of more than 40% after the bell today. Revenue also beat expectations, as did the number of Disney+ subscribers at approximately 116 million. Even its parks seem to be getting back on track. Shares of the entertainment giant are up more than 5% afterhours, as of this writing. Today's Portfolio Highlights: Technology Innovators: A couple recent volume spikes in Vertiv Holding (VRT) has Brian thinking that a big player is getting long in this IT services name. The editor was already looking at this Zacks Rank #2 (Buy), but now he gets to also ride some heavy coattails. VRT provides digital infrastructure and continuity solutions, offering hardware, software, analytics and ongoing services. Over the past four quarters, it has beaten the Zacks Consensus Estimate three times and matched once, bringing an average positive surprise of 31% over that time. The valuation “isn’t that bad” for a company with rising earnings estimates and a topline growth expectation of 46% for this year. Plus, its margins are “moving in the right direction”. In addition to adding VRT on Thursday, Brian also sold Xperi Holding Corp. (XPER) after the stock dropped to a Zacks Rank #5 (Strong Sell). Learn more about today’s moves in the complete commentary. TAZR Trader: Shares of Micron (MU) plunged double digits this week after (1) subdued comments from the CFO at a conference and (2) a major bank downgraded the stock, offering a bearish view for the whole memory chip space. But Kevin sees it differently. He believes this selloff has taken a lot of the risk out of what used to be considered a commodity business that should trade at 6X PE. Now, Micron is the leader in multiple innovative and customized applications for DRAM and NAND across PC, datacenter, mobile, autos and now 5G. The editor added to the portfolio’s MU position on Thursday right at strong weekly support going back to December. Read the full write-up for more. Until Tomorrow, Jim Giaquinto Recommendations from Zacks' Private Portfolios: Believe it or not, this article is not available on the Zacks.com website. The commentary is a partial overview of the daily activity from Zacks' private recommendation services. If you would like to follow our Buy and Sell signals in real time, we've made a special arrangement for readers of this website. Starting today you can see all the recommendations from all of Zacks' portfolios absolutely free for 7 days. Our services cover everything from value stocks and momentum trades to insider buying and positive earnings surprises (which we've predicted with an astonishing 80%+ accuracy). Click here to "test drive" Zacks Ultimate for FREE >>  Zacks Investment Research.....»»

Category: topSource: zacksSep 21st, 2021

NASDAQ, S&P Close at New Records on Fourth Day of Gains

NASDAQ, S&P Close at New Records on Fourth Day of Gains The NASDAQ and S&P advanced for a fourth consecutive session on Tuesday despite concerns about the delta variant and potential taper talk at the virtual Jackson Hole event later this week. As a result, those two major indices finished the session with fresh record highs. The NASDAQ already set the milestone on Monday after back-to-back gains of over 1%. The tech-heavy index outperformed its counterparts yet again today with a rise of 0.52% (or about 77 points) to 15,019.80, marking a fourth straight day in the green. The S&P began Tuesday less than 1 point away from its own closing high, which it easily overcame by rising 0.15% to a new record of 4486.23. Meanwhile the Dow moved higher 0.09% (or around 30 points) to 35,366.26.    One of the big events today was the fiscal second quarter report from Best Buy (BBY), one of the last major retailers of this very encouraging earnings season. And the consumer electronics giant didn’t disappoint. Earnings per share beat the Zacks Consensus Estimate by more than 56%, while sales jumped nearly 20%. Most importantly, BBY raised its fiscal year comps view. Shares of the company surged 8.3% today. Wednesday’s reports include salesforce.com (CRM), Ulta Beauty (ULTA), DICK’S Sporting Goods (DKS) and Williams-Sonoma (WSM), among several others. The major news of the whole week, though, probably won’t come until Friday, when Fed Chair Jerome Powell makes remarks during the annual Jackson Hole Economic Symposium (which isn’t really in Jackson Hole due to the delta variant). Minutes from the July Fed meeting suggested that members were warming up to the idea of some tapering, perhaps as early as later this year. Investors will be watching for any further hints on a timeline, which could provide for a crazy end to the week.   “Because of the delta variant, markets are expected Powell to hold back on taper talk. All we can do is wait and watch how the market reacts,” said Jeremy Mullin in Counterstrike. “I am not expecting a lot of surprises from Powell, but I think the market is being complacent about how tapering might affect stocks.” Today's Portfolio Highlights: Stocks Under $10: After cutting five names last Tuesday (and another one today), this portfolio has plenty of open spots. Brian filled two of them on Tuesday by adding Babcock (BW) and Oaktree Specialty Lending (OCSL), which are both Zacks Rank #2s (Buys). BW offers energy technology and services for the nuclear, fossil and renewable power markets. Improving margins and topline growth has the editor expecting a higher stock price down the road. OCSL is a specialty finance company that has beaten earnings estimates three times in the past four quarters and matched once. Brian likes its valuation, especially when considering topline growth of 90% and increased operating margins. By the way, the portfolio also sold the underperforming Volt Information Sciences (VOLT) position today. Read the full write-up for more on all of today’s action. By the way, this portfolio had the top performer among all ZU names today as GT BioPharma (GTBP) jumped 17.2%. Counterstrike: Shares of Sonos (SONO) surged higher after the audio products company announced a “monster” quarter, which included a 258% beat and a raised guidance. Earnings estimates advanced as well and turned the stock into a Zacks Rank #1 (Strong Buy). Furthermore, a few price targets have even moved past $50, which is about 20% higher than the current level. But the stock has pulled back a bit and held steady for a while. Jeremy agrees with those raised targets and believes SONO could get past $50 moving forward, so he added the stock on Tuesday with a 12% allocation. Read the complete commentary for more specifics. Large-Cap Trader: With a week left in the month of August, John thought this was a good time for his monthly fine-tuning. He began by getting out of three “sidewinders”: Williams-Sonoma (WSM, +2.8%), ManpowerGroup (MAN, +1.3%) and Kimberly-Clark Corp. (KMB). Their lethargic action since being added suggests that forward earnings news is priced in. The editor is refocusing the portfolio in the electronics area (broadly defined) by adding the following three names: • ON Semiconductor (ON) • Flex Ltd. (FLEX) • Eaton Corp. (ETN) These names are big players in the semiconductors, electronics manufacturing services, and industrial manufacturing electronics spaces, respectively. They all have enviable Zacks Ranks, especially ON’s status as a Zacks Rank #1 (Strong Buy). They are also from top-ranked industries and recently reported double-digit EPS surprises. In fact, their average beats over the past four quarters are in the double digits as well. John added each name with a portfolio weight of 6%. Read the full write-up for a lot more specifics on these new buys, including their valuations and betas. Surprise Trader: You may remember that Ulta (ULTA) has been a part of this portfolio several times over the years... and now it is again. But this time the beauty products staple enters the service as a Zacks Rank #1 (Strong Buy) after beating expectations for four straight quarters. The last positive surprise was 113%. Ulta has a positive Earnings ESP of 17.59% for the quarter coming tomorrow after the bell, which is a good sign that it’s poised to outperform for a fifth straight quarter. Dave added ULTA on Tuesday with a 12.5% allocation, while also selling Terex (TEX) for a 9.8% return in less than a month. Read the full write-up for more. Options Trader: After trading in a confined range for much of the year, Kevin noticed that Chubb (CB) has finally broken out to the upside. He sees a great opportunity to add this property & casualty insurance and reinsurance company, especially since it’s a Zacks Rank #1 (Strong Buy) in a highly-ranked industry (top 17%). On Tuesday, the editor bought to open a January 190.00 Call in CB. Make sure to read the full write-up for a recap on this move and the whole portfolio. Zacks Short Sell List: The portfolio cashed in a double-digit winner on Tuesday as part of three changes in this week's adjustment. The stocks that were short-covered included: • JOYY Inc. (YY, +29.4%) • JD.com (JD, +7.4%) • Amazon (AMZN) The new additions that filled these spots were: • Huazhu Group (HTHT) • Canada Goose (GOOS) • The AZEK Company (AZEK) Learn more about this emotion-free portfolio that takes advantage of falling and volatile markets by reading the Short Sell List Trader Guide. Have a Good Evening, Jim Giaquinto Recommendations from Zacks' Private Portfolios: Believe it or not, this article is not available on the Zacks.com website. The commentary is a partial overview of the daily activity from Zacks' private recommendation services. If you would like to follow our Buy and Sell signals in real time, we've made a special arrangement for readers of this website. Starting today you can see all the recommendations from all of Zacks' portfolios absolutely free for 7 days. Our services cover everything from value stocks and momentum trades to insider buying and positive earnings surprises (which we've predicted with an astonishing 80%+ accuracy). Click here to "test drive" Zacks Ultimate for FREE >>  Zacks Investment Research.....»»

Category: topSource: zacksSep 21st, 2021

Flywire 10.44M share IPO priced at $24.00

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallMay 25th, 2021

Dynamics Special Purpose Corp 20M share IPO priced at $10.00

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallMay 25th, 2021

GrafTech 20M share Spot Secondary priced at $13.40

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallMay 25th, 2021

Achieve Life Sciences 2.86M share Spot Secondary priced at $7.00

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallMay 25th, 2021

Sphere 3D 5.6M share Secondary priced at $1.25

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallMay 25th, 2021

Rexford Industrial 9M share Spot Secondary priced at $55.60

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallMay 24th, 2021

Meten Edtechx 40M share Secondary priced at $1.00

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallMay 24th, 2021

American Homes 4 Rent 16.3M share Spot Secondary priced at $36.75

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallMay 21st, 2021

DoorDash 8M share Block Trade priced at $133.25

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallMay 20th, 2021

Seelos Therapeutics 19.35M share Spot Secondary priced at $3.10

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Category: blogSource: theflyonthewallMay 20th, 2021

Procore 9.47M share IPO priced at $67.00

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Category: blogSource: theflyonthewallMay 20th, 2021

Sun Country Airlines 7.25M share Secondary priced at $34.50

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Category: blogSource: theflyonthewallMay 20th, 2021

Lithia Motors 3.11M share Secondary priced at $322.00

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Category: blogSource: theflyonthewallMay 19th, 2021