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Strength Seen in Sonoco (SON): Can Its 5% Jump Turn into More Strength?

Sonoco (SON) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road. Sonoco (SON) shares rallied 5% in the last trading session to close at $54.79. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 9.2% loss over the past four weeks.Sonoco has raised its guidance for the second quarter of 2022, backed by the solid demand trend witnessed so far in the quarter, leading to an uptick in its share price. The company now expects adjusted earnings per share to be in the range of $1.60 to $1.70, which is 30% higher than its prior expectation of $1.20 to $1.30 per share. The mid-point of the new guidance suggests a year-on-year growth of 70%.Solid customer demand, particularly in the Consumer Packaging and All Other segments, as well as continued pricing gains, led to the guidance hike. The continued strong performance of the Metal Packaging business, which was acquired in the first quarter of 2022, is also expected to boost operating results in the quarter.This packaging maker is expected to post quarterly earnings of $1.28 per share in its upcoming report, which represents a year-over-year change of +52.4%. Revenues are expected to be $1.85 billion, up 33.7% from the year-ago quarter.Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.For Sonoco, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on SON going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Sonoco is part of the Zacks Containers - Paper and Packaging industry. Graphic Packaging (GPK), another stock in the same industry, closed the last trading session 0.2% lower at $19.45. GPK has returned -4.9% in the past month.Graphic Packaging's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.52. Compared to the company's year-ago EPS, this represents a change of +100%. Graphic Packaging currently boasts a Zacks Rank of #1 (Strong Buy). 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 investorsSee 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 Sonoco Products Company (SON): Free Stock Analysis Report Graphic Packaging Holding Company (GPK): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJun 23rd, 2022

Here"s Why Hold Strategy is Appropriate for Radian Group (RDN)

Radian Group (RDN) is poised to grow due to well-performing real estate services and valuation products, favorable growth estimates and effective capital deployment. Radian Group RDN has been in investors’ good books on the back of higher persistency, strong NIW volume, improved guidance and sufficient liquidity.Earnings Surprise HistoryRadian Group has a solid track record of beating earnings estimates in six of the last seven quarters.Zacks Rank & Price PerformanceRadian Group currently has a Zacks Rank #3 (Hold). In the past year, the stock has lost 13.7% compared with the industry’s decrease of 15.3%.Image Source: Zacks Investment ResearchReturn on EquityRDN’s return on equity for the trailing 12 months is 17.2%, better than the industry average of 9.2% and expanding 970 basis points year over year. This reflects efficiency in utilizing shareholders’ funds. Style ScoreRadian Group has a favorable VGM Score of A. VGM Score helps identify stocks with the most attractive value, the best growth and the most promising momentum.Business TailwindsContinued high levels of the new mortgage insurance business, as well as an increase in persistency, are likely to drive the primary insurance in force (NIW), the main driver of future earnings for Radian Group.Given the expected higher persistency and strong NIW volume, Radian Group expects insurance-in-force growth to remain at nearly 10%.Rising interest rates in 2022 are expected to result in continued declines in refinance activity, which is expected to drive further increases in portfolio persistency. This in turn will contribute to growth in large, high-quality insurance in-force portfolio.The solid performance across real estate services, asset management, and valuation products and services despite minimal foreclosure and real estate-owned activity is expected to boost the homegenius business segment.An increase in interest rates is likely to result in higher reinvestment yields in the investment portfolio. Radian noted that per the recent market projections for 2022, Radian Group expects the private mortgage insurance market to be nearly $500 billion to $525 billion, indicating the third-largest MI volume year in history.For 2022, RDN projects adjusted gross profit in the range of $70 million to $80 million and adjusted pre-tax operating income before corporate allocations in the bracket of $1 million to $5 million.As of Mar 31, 2022, Radian Group maintained a strong capital position with $1.3 billion of total holding company liquidity. Radian Guaranty's excess PMIERs Available Assets over minimum required assets was $1.6 billion as of the end of the first quarter, which represents a 44% PMIERs cushion. Liquidity in the first quarter was enhanced by the $500 million return of capital from Radian Guaranty to Radian Group.Riding on continued financial strength and flexibility, Radian declared a 43% increase in quarterly dividend in the first quarter of 2022 that translates into the highest dividend yield in the private MI industry. Its current dividend yield of 4.1% betters the industry average of 2.5%. The board approved a new two-year $400 million share buyback program.The Zacks Consensus Estimate for RDN’s 2022 earnings per share is pegged at $3.60, indicating a year-over-year increase of 14.3%. The Zacks Consensus Estimate for 2022 has moved north by 2.8% in the past 60 days, reflecting analyst optimism.Stocks to ConsiderSome better-ranked stocks from the multi-line insurance industry are James River Group Holdings, Ltd. JRVR, American International Group, Inc. AIG and MGIC Investment Corporation MTG. While James River Group sports a Zacks Rank #1 (Strong Buy), American International and MGIC Investment carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for James River Group’s 2022 and 2023 earnings implies 136% and 13.1% year-over-year growth, respectively.The Zacks Consensus Estimate for JRVR’s 2022 and 2023 earnings has moved 15.1% and 4.9% north, respectively, in the past 60 days.  In the past year, the insurer has declined 34.4%.American International’s earnings surpassed estimates in each of the last four quarters, the average earnings surprise being 18.9%. In the past year, AIG stock has rallied 5.3%.The Zacks Consensus Estimate for American International’s 2022 and 2023 earnings implies 1.2% and 21.2% year-over-year growth, respectively.MGIC Investment’s earnings surpassed estimates in each of the last four quarters, the average beat being 10.9%. In the past year, MTG has declined 10.7%.The Zacks Consensus Estimate for MTG’s 2022 and 2023 earnings has moved 1.8% and 3.2% north, respectively, in the past 60 days. 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 American International Group, Inc. (AIG): Free Stock Analysis Report MGIC Investment Corporation (MTG): Free Stock Analysis Report Radian Group Inc. (RDN): Free Stock Analysis Report James River Group Holdings, Ltd. (JRVR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacks1 hr. 31 min. ago

2U (TWOU) Stock Jumps 17.4%: Will It Continue to Soar?

2U (TWOU) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road. 2U TWOU shares ended the last trading session 17.4% higher at $10.92. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 0.2% loss over the past four weeks.The recent surge in the share price of 2U is due to a recent news that Indian virtual education conglomerate Byju’s has offered a buyout offer worth more than $1 billion or about $15 per share. Per Bloomberg, the offer presents a 61% premium to 2U’s closing price of $9.30 on the NASDAQ on Tuesday and gives 2U an enterprise value of about $2 billion.This online education services provider is expected to post quarterly loss of $0.16 per share in its upcoming report, which represents a year-over-year change of -77.8%. Revenues are expected to be $255.39 million, up 7.7% from the year-ago quarter.Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.For 2U, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on TWOU going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>2U is a member of the Zacks Internet - Software industry. One other stock in the same industry, Five9 FIVN, finished the last trading session 0.2% higher at $93.60. FIVN has returned -3.4% over the past month.For Five9, the consensus EPS estimate for the upcoming report has changed -0.6% over the past month to $0.18. This represents a change of -21.7% from what the company reported a year ago. Five9 currently has a Zacks Rank of #4 (Sell). 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 2U, Inc. (TWOU): Free Stock Analysis Report Five9, Inc. (FIVN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacks1 hr. 31 min. ago

Top Analyst Reports for Meta Platforms, Eli Lilly & Home Depot

Today's Research Daily features new research reports on 16 major stocks, including Meta Platforms, Inc. (META), Eli Lilly and Company (LLY), and The Home Depot, Inc. (HD). Wednesday, June 29, 2022 The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Meta Platforms, Inc. (META), Eli Lilly and Company (LLY), and The Home Depot, Inc. (HD). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today. You can see all of today’s research reports here >>>Meta Platforms shares have held up better relative to the Zacsk Internet Services industry over the past year (down -53.8% vs. -64.0% for the industry), but it has lagged the broader market in a major way (down -53.8% vs. -11.6% for the S&P 500 index). In addition to market wide sentiment shift about the Tech sector in general in the current rising interest rate environment, Meta is suffering from Apple’s iOS changes as well as engagement-related headwinds. Apple’s iOS changes have made ad targeting difficult, which, in turn, has increased the cost of driving outcomes. Measuring these outcomes has also become difficult. Meta expects these factors to hurt advertising revenue growth in throughout 2022. Meta’s second-quarter guidance reflects macroeconomic and forex concerns.Cost inflation and supply chain disruptions are expected to impact advertiser budgets. However, Meta is benefiting from steady user growth across all regions, particularly Asia Pacific. Increased engagement for its products like Instagram, WhatsApp, Messenger and Facebook has been a major growth driver.(You can read the full research report on Meta Platforms here >>>)Eli Lilly shares have outperformed the Zacks Large Cap Pharmaceuticals industry over the past year (+40.4% vs. +19.8%), reflecting the the company's solid portfolio of core drugs in diabetes, autoimmune diseases and cancer. The Zacks analyst believes that Lilly’s revenue growth is being driven by higher demand for drugs like Trulicity, Taltz, and others. It is regularly adding promising new pipeline assets through business development deals.It has an exciting pipeline of potential new medicines including tirzepatide for type II diabetes and donanemab for early Alzheimer's disease. Both candidates have multibillion dollar sales potential. However, generic competition for several drugs, rising pricing pressure in the United States mainly on key drug, Trulicity, and price cuts in some international markets like China, Japan and Europe are some top-line headwinds.(You can read the full research report on Eli Lilly here >>>)Home Depot shares have declined -13.4% over the past year against Zacks Building Products - Retail industry’s decline of -11.2% and the S&P 500 index's -11.6% decline. The company reported soft gross margin in the fiscal first quarter driven by higher cost of goods sold. Supply chain headwinds also marred results to some extent. Nevertheless, Home Depot boasts a robust surprise trend, which continued in first-quarter fiscal 2022. Results gained from strong demand for home-improvement projects, robust housing market trends and ongoing investments.The company also benefited from continued strength in both Pro and DIY categories as well as digital momentum. Its interconnected retail strategy and underlying technology infrastructure have helped consistently boost web traffic for the past few quarters, aiding digital sales.(You can read the full research report on Hemo Depot here >>>)Other noteworthy reports we are featuring today include Merck & Co., Inc. (MRK), The Boeing Company (BA), and Vale S.A. (VALE). Sheraz Mian Director of Research Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>Today's Must ReadUser Growth, Instagram Strength Aids Meta Platforms (META)Lilly (LLY) Boosts Pipeline with Collaboration DealsFocus on Pro Customers to Aid Home Depot's (HD) Top LineFeatured ReportsKeytruda to Remain Merck's (MRK) Key op Line Driver in 2022With continued label expansion into new indications & early-stage settings, Keytruda is expected to remain a key top-line driver, per the Zacks analyst.Military Business Aids Boeing (BA), Supply Chain Issue WoesPer the Zacks analyst, Boeing boasts $2.6 trillion market opportunity for defense and space, which would bolster its growth. Ye, COVID induced supply chain shortages might hurt the stock's results.Permian Basin Focus, Cost Management Aid Occidental (OXY)Per the Zacks analyst Occidental's acquisition of Anadarko expanded its operation in resource rich Permian Basin and efficient cost management will drive its performance over the long run.Senior Housing Recovery & Acquisitions Aids Welltower (WELL)Per the Zacks Analyst, Welltower (WELL) is set to gain from the senior housing recovery and strategic acquisitions. However, earnings dilution in the near term from asset dispositions is a woe.Buyouts, Higher Fees & Commissions Aid Arthur J. Gallagher (AJG) Per the Zacks analyst, a number of acquisitions have helped Arthur J. Gallagher to enhance its capabilities and drive growth. Also, improving fees and commissions should drive organic revenue growth. AMN Healthcare (AMN) Continues to Gain From Healthcare MSPThe Zacks analyst is upbeat about AMN Healthcare's unique MSP program resulting in a large network of improved patient care and improved efficiency despite its operation in a stiff competitive space.FactSet (FDS) Rides on Client Retention Amid CompetitionThe Zacks analyst is impressed with growth in FactSet's annual subscription value, driven by client additions. However, stiff competition will put FactSet under pricing pressure and hurt its top line.New UpgradesRising Iron Prices & Solid Demand to Drive Vale (VALE)Per the Zacks analyst, rising iron ore prices and demand, lower debt levels and focus on improving productivity and lowering costs will drive growth for Vale.New Features & Security Focus Drives Twitter's (TWTR) GrowthTwitter adds new features and ramps up its security efforts to lower abuse, which per the Zacks analyst is boosting user growth.Solid Housing, Repair & Remodeling Activity Aid Mohawk (MHK)Per the Zacks analyst, Mohawk's business benefits from strong housing demand and repair and remodelling activities. Also, acquisition strategy and strong international presence bode well.New DowngradesPetroChina (PTR) Hurt by Limited International PresenceThe Zacks analyst is worried about PetroChina's limited progress in expanding its exposure to international regions and reduce dependence on mature domestic areas.nOngoing Supply Chain Troubles to Hurt Western Digital (WDC)Per the Zacks analyst, pandemic induced global supply chain troubles and component shortages is a major concern for Western Digital. Stiff competition and a high debt load are other concerns.B&G Foods' (BGS) Margins Troubled by Input Cost InflationPer the Zacks analyst, B&G Foods has been grappling with input cost inflation. In 2022, management expects to keep seeing cost inflation for inputs, like ingredients, packaging and transportation. 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 The Boeing Company (BA): Free Stock Analysis Report Merck & Co., Inc. (MRK): Free Stock Analysis Report Eli Lilly and Company (LLY): Free Stock Analysis Report VALE S.A. (VALE): Free Stock Analysis Report The Home Depot, Inc. (HD): Free Stock Analysis Report Meta Platforms, Inc. (META): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJun 29th, 2022

Solid Demand & Innovation Aid Clorox (CLX) Amid Inflation Woes

Clorox (CLX) is likely to gain from a robust product demand, brand strength and innovation. Its cost-saving efforts bode well amid ongoing inflationary pressures. The Clorox Company CLX looks well-poised in a tough industry, driven by solid product demand and brand strength. The company is expected to continue gaining from its brand portfolio, innovation pipeline, cost-saving efforts and pricing actions. However, the impacts of the ongoing inflationary pressures and continued macroeconomic uncertainty might be deterrents for the company.The Oakland, CA-based company’s top and bottom lines beat the Zacks Consensus Estimate in third-quarter fiscal 2022. The company’s sales rose 2% both year over year and on an organic basis. Sales gained from higher shipments across all segments, resulting in higher volume. Moreover, a flat price/mix and gains from its pricing actions boosted the top line.Factors to Drive GrowthClorox is on track with the IGNITE strategy, its latest and integrated strategy, formulated on a sturdy foundation of its 2020 Strategy. This initiative mainly focuses on the expansion of the key elements under the 2020 Strategy to pace up innovation in each area of business.As a result, the company will be able to boost overall growth and reinforce competitive advantage, in turn, enhancing shareholder value. The IGNITE strategy mainly binds Clorox to four strategic areas — fuel growth through brand reinvestments, innovate to deliver enhanced customer experience, develop product portfolio and re-imagine the company’s operations.IGNITE’s main principle is ‘Innovating for Good Growth,’ delivering sustainable and responsible growth. The IGNITE strategy encompasses the long-term financial targets of achieving net sales growth of 3-5%, EBIT margin expansion of 25-50 bps and a free cash flow generation of 11-13% of sales.Clorox also remains on track with its cost-saving and productivity initiatives. Backed by the IGNITE strategy, the company aims for higher cost savings annually by emphasizing more on technology and integrated design. With this, it earlier expected to achieve an EBIT margin expansion of 175 bps annually. The company’s cost-based pricing strategy has enabled it to address the inflationary environment that has persisted for more than three years. These cost-saving and pricing actions should continue to support its investment in long-term brands and category growth.Management has announced plans to invest $500 million in the next five years, beginning fiscal 2022. Of this, the company plans to invest $90 million in fiscal 2022 for digital capabilities and productivity enhancements. As part of the investment, it will replace the enterprise source planning system, which will help generate efficiencies and position it better in supply chains, digital commerce, innovation and brand building for the long term.The company is witnessing strong progress in the core International business as it continues to build on the success of the segment's Go Lean strategy. These efforts will help accelerate growth for the segment. Driven by its IGNITE Strategy, which aims to improve profitability in International business, the company expects to invest selectively in profitable platforms. Management continues to explore international opportunities, including the acquisition of a majority stake in its joint venture in the Kingdom of Saudi Arabia. The company believes that the acquisition can boost long-term growth in the international segment.In third-quarter fiscal 2022, sales at the International segment rose 1% year over year on a favorable price mix, and increased shipment volume, primarily for cleaning and disinfecting, and cat litter products. Organic sales for the segment improved 6%.Headwinds to OvercomeElevated manufacturing and logistics costs, and higher commodity costs have been hurting the company’s gross margin despite the gains from pricing actions and cost-saving initiatives. The gross margin contracted 760 basis points (bps) to 35.9% in the fiscal third quarter. Also, long-term brand investments to support its innovation pipeline and customer engagement efforts have been resulting in higher selling and administrative expenses for the past few quarters. It has also been incurring incremental spending on advertising and sales promotion to support sales growth.Clorox expects the operating costs to remain high in fiscal 2022. The company projects selling and administrative expenses, as a percentage of sales, of 14-15% for fiscal 2022. The view includes 1% of this impact from the planned investments in digital capabilities and productivity enhancements.Clorox expects to invest $90 million in long-term strategic digital capabilities and productivity enhancements in fiscal 2022. Of this, it expects $73 million (45 cents per share) to flow through to the profit and loss statement, most of which is expected to be recorded in selling and administrative expenses. It expects advertising and sales promotion expenses to be 10% of net sales.Bleak ViewClorox updated its fiscal 2022 view to take into account the adverse impacts of cost inflation and the volatile operating environment. The company’s guidance also includes the uncertainty regarding the war in Ukraine.The gross margin for fiscal 2022 is expected to decline 800 bps, owing to higher-than-anticipated commodity costs, and manufacturing and logistics expenses. Consequently, adjusted earnings for fiscal 2022 are estimated to be $4.05-$4.30 per share, suggesting a year-over-year decline of 44-41%. The company notes that adjusted earnings per share will exclude long-term investments in digital capabilities and productivity enhancements to provide greater visibility to the underlying operating performance.On a GAAP basis, earnings per share are anticipated to be $3.60-$3.85, suggesting a decline of 35-31% from the year-ago period. The company envisions a sales decline of 1-4%, both on a reported and organic basis, for fiscal 2022. For the first half of fiscal 2022, sales are likely to decline 7%. The effective tax rate is anticipated to be 22-23%.Shares of this Zacks Rank #3 (Hold) company have declined 23.9% in the past year compared with the industry's decline of 2.8%. The stock also underperformed the sector’s gain of 1.3% and the S&P 500’s decline of 9.5% in the past year. Image Source: Zacks Investment Research Stocks to ConsiderWe have highlighted three better-ranked stocks in the Consumer Staples sector, namely Archer Daniels Midland ADM, Fomento Economico Mexicano FMX and The Coca-Cola Company KO.Archer Daniels, the Delaware, IL-based leading producer of food and beverage ingredients and goods made from various agricultural products, presently sports a Zacks Rank #1 (Strong Buy). The ADM stock has rallied 25.4% in the past year. You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for Archer Daniels’ sales and EPS for the current financial year suggests growth of 12.3% and 22%, respectively, from the year-ago reported levels. The consensus mark for earnings has moved up 3.3% in the past 30 days. ADM has a trailing four-quarter earnings surprise of 22.3%, on average. It has an expected long-term earnings growth rate of 6.4%.Fomento Economico Mexicano, alias FEMSA, has exposure in various industries, including beverage, beer and retail, which gives it an edge over its competitors. It presently has a Zacks Rank of 2 (Buy). FEMSA has a trailing four-quarter earnings surprise of 3.9%, on average. Shares of FMX have declined 20.2% in the past year.The Zacks Consensus Estimate for FEMSA’s sales for the current financial year suggests growth of 5.3% from the year-ago period’s reported figure. The same for earnings per share suggests a fall of 7.1%. The current financial year’s earnings per share have moved down 1.6% in the past 30 days. FMX has an expected EPS growth rate of 8.8% for three to five years.Coca-Cola currently has a Zacks Rank #2. The company has an expected long-term earnings growth rate of 7%. Shares of KO have risen 15.1% in the past year.The Zacks Consensus Estimate for Coca-Cola’s current financial year’s earnings per share has been unchanged in the past 30 days. The Zacks Consensus Estimate for KO’s sales and EPS for the current financial year suggests growth of 8.9% and 6.5%, respectively, from the year-ago reported levels. KO has a trailing four-quarter earnings surprise of 13.6%, on average. 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 CocaCola Company The (KO): Free Stock Analysis Report Fomento Economico Mexicano S.A.B. de C.V. (FMX): Free Stock Analysis Report Archer Daniels Midland Company (ADM): Free Stock Analysis Report The Clorox Company (CLX): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJun 29th, 2022

Earthstone Energy (ESTE) Stock Jumps 10.8%: Will It Continue to Soar?

Earthstone Energy (ESTE) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term. Earthstone Energy (ESTE) shares rallied 10.8% in the last trading session to close at $16.27. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 23.1% loss over the past four weeks.The share price of Earthstone Energy extended its rally for the second straight day. The bullishness was driven by the company announcing the acquisition of assets worth $627 million in New Mexico which would result in ESTE owning low-cost, high-margin producing assets generating significant free cash flow, indicating improved profitability going ahead. Additionally, improved market conditions and soaring energy prices have also added strength to Earthstone, an independent energy company engaged in developing and operating oil and gas properties.This oil and gas company is expected to post quarterly earnings of $1.10 per share in its upcoming report, which represents a year-over-year change of +323.1%. Revenues are expected to be $326.77 million, up 264.4% from the year-ago quarter.Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.For Earthstone Energy, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on ESTE going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Earthstone Energy is a member of the Zacks Oil and Gas - Exploration and Production - United States industry. One other stock in the same industry, Ranger Oil (ROCC), finished the last trading session 2.7% higher at $35.26. ROCC has returned -19.8% over the past month.For Ranger Oil, the consensus EPS estimate for the upcoming report has changed +1.7% over the past month to $2.56. This represents a change of +143.8% from what the company reported a year ago. Ranger Oil currently has a Zacks Rank of #3 (Hold). 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 Earthstone Energy, Inc. (ESTE): Free Stock Analysis Report Ranger Oil Corporation (ROCC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJun 29th, 2022

3 Stocks to Watch From the Business Information Industry

The pandemic-induced demand spike for solutions that ensure risk mitigation, cost reduction and productivity improvement should help the Zacks Business - Information Services industry prosper. RCRRF, FDS and NLSN stocks are well poised to benefit from this demand surge. The increased adoption and success of the work-from-home trend is enabling the Zacks Business – Information Services industry to address the pandemic-induced rising demand for services that ensure risk mitigation, cost reduction and productivity improvement.The heightening technology adoption is benefiting companies like FactSet Research Systems Inc. FDS, Nielsen Holdings plc NLSN and Recruit Holdings Co., Ltd. RCRRF, helping them offer digitally-transformed, personalized and value-added services.About the IndustryThe Zacks Business – Information Services industry comprises companies that offer a range of services, including software, data, risks, research, information and analytics solutions. These companies operate in a dynamic business environment characterized by evolving customer behavior, preference and demographics. Amid the pandemic, the key focus within the industry is currently on channelizing money and efforts toward more effective operational components, such as technology, digital transformation and data-driven decision making, in order to identify demand sources and target end markets. Prominent players include information-measurement giant Nielsen; ratings, benchmarks and data provider, S&P Global (SPGI); and provider of data-analytics solutions, Verisk Analytics (VRSK).4 Trends Shaping the Future of Information IndustryHealthy Demand Environment: The industry is mature and has witnessed a progressively growing business environment in the past few years. With the economy gradually recovering from the pandemic blues, revenues, income and cash flows are likely to see healthy growth.Demand for Customer-Centric Solutions: The coronavirus pandemic has stoked a many-fold increase in demand for specific solutions that ensure risk mitigation, cost reduction and productivity improvement. This, in turn, has opened up more business opportunities for industry players. These companies are now modifying their business strategies to offer more customer-centric solutions.Digital Transformation is the Key: Companies focused on digital transformation are positioned to recover quickly post the global health crisis. This is because digital transformation substantially enhances operational efficiency, facilitates the time to market, and boosts a firm’s ability to quickly and efficiently meet customer expectations.Increased Adoption of Technologies: Automation in assembling and the use of big data in enhancing business information will fuel the industry’s growth in the days to come. Companies are shifting from conventional data solutions to technical and domain-specific expertise, data analytics solutions, financial consultancy, and operational consultancy services.Zacks Industry Rank Indicates Bleak Near-Term ProspectsThe Business – Information Services industry is housed within the broader Zacks Business Services sector. It carries a Zacks Industry Rank #175, which places it in the bottom 30% of more than 250 Zacks industries.The group’s Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates underperformance in the near term. 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.Before we present a few stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock-market performance and current valuation.Industry's Price PerformanceOver the past year, the Zacks Business – Information Services industry has underperformed the S&P 500 composite but outperformed the Zacks Business Services sector.While the industry has depreciated 16.1%, the S&P 500 composite declined 9.6% in the said time frame. The broader sector fell 55.2%.One-Year Price PerformanceIndustry's Current ValuationOn the basis of the forward 12-month price-to-earnings (P/E) ratio, which is commonly used for valuing business information services stocks, the industry is currently trading at 23.13X compared with the S&P 500’s 16.7X and the sector’s 23.42.Over the past five years, the industry has traded as high as 32.73X, as low as 19.64X and at the median of 25.35X, as the charts below show.Price to Forward 12 Months P/E Ratio3 Business Information Service Stocks to ConsiderWe are presenting here three stocks that are well positioned to grow in the near term. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here. Recruit Holdings: This HR technology and business solutions provider is currently benefiting from top-line strength driven by increased hiring activity globally.The company carries a Zacks Rank #1. The Zacks Consensus Estimate for the company’s fiscal 2023 earnings has improved 10.1% in the past 60 days. The stock fell 38.2% over the past year.Price and Consensus: RCRRF FactSet Research Systems: This integrated financial information and analytical applications provider has a business model and investment plan that make its operations more relevant to the challenging situations of today. The company is making investments in digital transformation, and personalized and value-added solutions. Its three-year plan is focused on technology transformation, data creation for private markets and the expansion of content for banking. These will help the company expand its client base and further strengthen its foothold in the market in the upcoming period.The company currently carries a Zacks Rank of 3 (Hold). The Zacks Consensus Estimate for the ongoing-year EPS has been revised 3.2% upward in the last 60 days to $13.42. The stock has appreciated 12% over the past year.Price and Consensus: FDS Nielsen: The measurement giant has a dominant position in the U.S. television market. It is the leading and primary provider of audience measurement information and analytics for TV in the country. As new technologies enable video viewing online, both content providers and advertisers are looking for a known and trusted source to compare performance and reach. Since they have traditionally relied on Nielsen for TV, it positions the company very strongly to cater to this trend.Nielsen currently carries a Zacks Rank #3 and the Zacks Consensus Estimate for its 2022 EPS has remained unchanged at $1.88 the past 60 days. The stock lost 4.1% over the past year.Price and Consensus: NLSN  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 FactSet Research Systems Inc. (FDS): Free Stock Analysis Report Nielsen Holdings Plc (NLSN): Free Stock Analysis Report Recruit Holdings Co., Ltd. (RCRRF): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJun 29th, 2022

Qualcomm (QCOM) Stock Jumps 3.5%: Will It Continue to Soar?

Qualcomm (QCOM) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term. Qualcomm (QCOM) shares rallied 3.5% in the last trading session to close at $131.60. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 9% loss over the past four weeks.Speculations are rife that Qualcomm will continue to be the exclusive supplier of 5G chips for all Apple smartphones slated to be launched in the second half of 2023. Various media reports suggest that Apple has likely faced certain operational glitches in its endeavor to develop indigenous modem chips for iPhones. This likely production failure will lead to Qualcomm providing the requisite chips for upcoming iPhone models, generating incremental revenues.Qualcomm is one of the largest manufacturers of wireless chipset based on baseband technology. The company is focusing to retain its leadership in 5G, chipset market and mobile connectivity with several technological achievements and innovative product launches. It is likely to help users experience seamless transition to super-fast 5G networks, delivering low-power resilient multi-gigabit connectivity with unprecedented range and best-in-class security. This, in turn, would further offer the flexibility and scalability needed for broad and fast 5G adoption through accelerated commercialization by OEMs. Qualcomm is reportedly the only chipset vendor with 5G system level solutions spanning both sub-6 and millimeter wave bands and one of the largest RF (radio frequency) front end suppliers with design wins across all premium-tier smartphone customers.This chipmaker is expected to post quarterly earnings of $2.86 per share in its upcoming report, which represents a year-over-year change of +49%. Revenues are expected to be $10.89 billion, up 35.1% from the year-ago quarter.Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.For Qualcomm, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on QCOM going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Qualcomm is a member of the Zacks Wireless Equipment industry. One other stock in the same industry, Clearfield (CLFD), finished the last trading session 5.6% lower at $61.57. CLFD has returned 5.8% over the past month.For Clearfield, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.67. This represents a change of +52.3% from what the company reported a year ago. Clearfield currently has a Zacks Rank of #3 (Hold). 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 Clearfield, Inc. (CLFD): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJun 29th, 2022

Harte-Hanks (HHS) Stock Jumps 5.6%: Will It Continue to Soar?

Harte-Hanks (HHS) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term. Harte-Hanks (HHS) shares rallied 5.6% in the last trading session to close at $11.12. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 22.6% gain over the past four weeks.The stock is benefiting from the company’s diversified revenues across segments and customers, and its growing presence in the healthcare and consumer products verticals. This marketing company is expected to post quarterly earnings of $0.32 per share in its upcoming report, which represents a year-over-year change of +88.2%. Revenues are expected to be $49.3 million, up 0.1% from the year-ago quarter.While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.For Harte-Hanks, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on HHS going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Harte-Hanks is part of the Zacks Advertising and Marketing industry. Omnicom (OMC), another stock in the same industry, closed the last trading session 0.2% higher at $64.75. OMC has returned -13.9% in the past month.For Omnicom, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.85. This represents a change of +26.7% from what the company reported a year ago. Omnicom currently has a Zacks Rank of #5 (Strong Sell). 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 Harte Hanks, Inc. (HHS): Free Stock Analysis Report Omnicom Group Inc. (OMC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJun 28th, 2022

Nomura: Everyone Is Waiting For This "Final" Shoe To Drop Before The All-Clear Signal

Nomura: Everyone Is Waiting For This "Final" Shoe To Drop Before The All-Clear Signal Having come back from a brief vacation, Nomura's cross-asset guru, Charlie McElligott looks back at last week's action and finds that just as we observed recently, “bad news was good news” again, as markets turned focus from “high inflation” to “deteriorating growth”, manifesting in a very significant re-pricing of “hard-landing” odds from perceived “CB policy-error >> Recession” meme (more evidence, as per global PMIs joining the “wrong way” growth data parade) which then dictated a powerful “reversal blast” of monetization in prior “trend trades” (a rally in heavily-shorted Bonds and Equities versus a selloff in Commodities and USD “longs”). As a result, markets removed a whopping 1.5 hikes for this Fed cycle, and pulling-forward the "end of Fed tightening"  by as early as 4Q22 / 1Q23 (FFZ2FFH3 shows removal of 32.5bps of implied Fed hiking over the past two weeks alone, with the market now expecting Fed cuts next year off the back of the economic slowdown (as we described in detail in "Fed Rate-Hikes To End This Year, Followed By 3% Of Rate-Cuts & QE"). This, as McElligott notes, meant big shocks across trend trades, with “winners” blasted lower and “losers / shorts” powerfully squeezed higher, and proceeds to highlight the following unique feedback loop: This “risk of a Recession” hammered Commodities and Inflation Expectations (e.g. Breakevens continuing their recent collapse off highs... -> Which lowered currently perceived Inflationary pressures...  -> Which is viewed as allowing the Fed to be less aggressive... ->  Which means we “cut the left tail” of a hard-landing recession!    Said another way, markets “leapt” at the opportunity provided by weakening growth, lower inflation expectations and collapsing commodities momentum to “anticipate the anticipators” and jump the “dovish” gun—again trying to “call the bluff” of Central Bankers who remain overly sensitive to a “growth > inflation” prioritization / reaction-function conditioning. McElligott next notes that, beyond these constructive macro “qualitative” tailwinds for Equities, we also saw Big covering of grossed-up shorts that led to a “net-up” of exposure, while the Spot rally saw Puts hammered and a thus, a massive amount of Short Delta hedge to unwind; Street feedback continues to indicate monster corp buyback flows ahead of the “blackout” (75% of SPX mkt cap in blackout by july 4th); Expectations of robust positive Equities rebal flows ($30BN) into Month / Qtr–end; and The big quarterly Put Spread Collar roll, where the low strike of the PS removed mkt downside and suppressed Vol on our worst recent levels, where now, there is a lumpy amount of Vega sold and Delta bot as we approach Jun30—hence the “fear of the right tail” rally continues to trump “crash,” as there still isn’t a lot of positioning on to hedge. With that in mind, the market now awaits the commencement of the much-discussed negative earnings revision “clearing” event, as the "final" shoe to drop following what the YTD drawdown that has been almost entirely due to the Rates impact on the multiple. Here, echoing Morgan Stanley, Bank of America (and even Goldman), McElligott notes that a flush down to 3300-3400 is the perceived “all-clear” on the valuation case for Equities, with the whole world seemingly bid “out loud” down there for size, which means it either doesn’t happen and we don’t trade low enough, or conversely, we do trade down there, but the supposed size demand doesn’t materialize, and we get the puke through 3k. In the meantime and after the “trend trade” reversal shocks of last week, yesterday saw the resumption of the “recession trade” in US Equities: 1) Energy 2) Utilities 3) Healthcare 4) Staples, which tells you that the said economic contraction concerns are driving the ongoing “Defensive” / “Low Risk” / “Quality” posture. Fixed-income also again reversed to prior footing and is weakening with ongoing volatile gaps, partially due to Energy stabilization as China reduces quarantine times in half (one step closer to full re-open) and Ukraine / Russia “calm” narrative seen over the past week and half looks increasingly iffy. Yet, as Charlie notes, at the same time, we see more signs of CB indecisiveness and noting their seeming “perpetually asymmetric conditioning” as it relates to “growth” concerns remaining tantamount over all others "scar tissue,” as old habits die hard.  The latest case in point: ECB’s Lagarde from Sintra this morning, "who is yet-again confusing and vacillating with almost dovish messaging, which comes just weeks after her and the council’s hawkish pivot!" Charlie here hands over the mic to his Nomura colleague Marco Brancolini who captures the latest absurdity, which only again creates confusion and front-end rates volatility, with CB’ers kowtowing to growth and market concerns, despite their inflation disaster sitting at the root of those issues: Lagarde is flip-flopping, signalling a resurgent concern for growth. The focus on “optionality” will leave the front end unanchored and highly volatile. Her words appear to suggest that only Sep is data-dependent, but it will be hard to receive July anyway until a week before the meeting, as headlines and data can push the market around. Confusingly, after the June pivot, Lagarde’s speech hails back to the framework of the May blog, noting that “in this environment, it is imperative for policymakers, within their respective mandates, to address the risks to the economic outlook”. I am not sure this is a u-turn in framework: there is a high chance that she may be simply trying to reassure markets after last week’s chatter of recession. I still think the Council will give primacy to inflation over growth, even at the cost of ending up with a recession. The “optionality principle” is spelt out: “If the inflation outlook does not improve, we will have sufficient information to move faster. This commitment is, however, data dependent.” My understanding from the transcript is that such data dependency, however, only applies to September – in contradiction to what Kazaks told Econostream. July is at 32bp – as it’s been the case all year, it is hard to trade ECB dates on a fundamental basis until a week or ten days before the meeting, and it will be especially hard to stay received into this week’s inflation data. I will be happy to receive July ECB from the 10th onwards, not earlier. Lagarde emphasised again “gradualism” and “optionality” – so expect limited visibility beyond the second meeting, as the ECB will remain data-dependent. The trigger for more aggressive tightening action are “higher inflation threatening to de-anchor inflation expectations, or signs of a more permanent loss of economic potential that limits resource availability”. The ECB already pencils in “wage growth above 4% in 2022 and 2023 and at 3.7% in 2024” – this is a level compatible with inflation higher than 2%, so clearly wage data will be front and centre when we talk about ECB data dependency. This, as McElligott notes, is the problem: you have to hold the line and see the hikes through now…otherwise, reflexive markets front-run this indecisiveness and ease financial conditions, which is counter-productive to inflation breaking efforts. We all get the joke: Central Banks can only pull the “demand” lever and attempt to weaken inflation via labor mkt impact on consumption, unable to address the supply-chain issues and both structural and idiosyncratic energy / commod market dynamics…hence the never-ending stream of memes: But at the end of the day, it’s the inflation volatility which will keep the front-end unstable and behind cross-asset moves... ... as event-weightings around monthly data (and reactive CB’s thereafter) keep us lunging: Inflation will continue to surprise in its “stickiness” and strength over the upcoming months, particularly as it moves into “Services” Cleveland Fed Inflation Nowcast currently projecting fresh highs for CPI YoY “High inflation means volatile inflation” and “inflation tends to trend” as local headwinds for sentiment, positioning and risk management Concluding his recap, Charlie writes that for now "this ongoing tilt in 'upside' inflation data, and persistently reactive Central Bank “hawkish impulse” thereafter, will continue to reinforce negative impact in the rate / credit –sensitive parts of the economy…effectively “self-fulfilling” a recession"... ... as consumer sentiment plummets and broad activity loses momentum. Which of course, is the best case scenario for stocks because as Rabobank noted earlier, the market endlessly wonders how long until we cut rates and restart QE again. The answer: a recession should do it. Tyler Durden Tue, 06/28/2022 - 13:25.....»»

Category: smallbizSource: nytJun 28th, 2022

Oasis Petroleum Inc. (OAS) Soars 4.9%: Is Further Upside Left in the Stock?

Oasis Petroleum Inc. (OAS) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road. Oasis Petroleum Inc. (OAS) shares rallied 4.9% in the last trading session to close at $134.28. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 20.9% loss over the past four weeks.Shares of Oasis Petroleum rallied on the last trading day. The rise comes at the back of OAS’s Board recently declaring a special dividend of $15.00 per share of Oasis common stock linked to the previously announced Whiting Petroleum merger payable on July 08. Moreover, oil prices continuing to be in excess of $100 a barrel and natural gas surging to $6.55 per MMBtu has contributed to the strength of Oasis, an independent explorer, engaged in the acquisition and development of oil and natural gas resources.This company is expected to post quarterly earnings of $5.72 per share in its upcoming report, which represents a year-over-year change of +107.3%. Revenues are expected to be $265.5 million, down 32.5% from the year-ago quarter.While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.For Oasis Petroleum Inc., the consensus EPS estimate for the quarter has been revised 15.4% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on OAS going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Oasis Petroleum Inc. is a member of the Zacks Oil and Gas - Exploration and Production - United States industry. One other stock in the same industry, Continental Resources (CLR), finished the last trading session 3.2% higher at $67.28. CLR has returned -5.5% over the past month.Continental Resources' consensus EPS estimate for the upcoming report has changed +0.6% over the past month to $2.95. Compared to the company's year-ago EPS, this represents a change of +224.2%. Continental Resources currently boasts a Zacks Rank of #3 (Hold). 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 Oasis Petroleum Inc. (OAS): Free Stock Analysis Report Continental Resources, Inc. (CLR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJun 28th, 2022

Strength Seen in Whiting Petroleum Corporation (WLL): Can Its 5.5% Jump Turn into More Strength?

Whiting Petroleum Corporation (WLL) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term. Whiting Petroleum Corporation (WLL) shares soared 5.5% in the last trading session to close at $74.95. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 20.1% loss over the past four weeks.Whiting Petroleum Corporation’s stock rose on the last trading day. The rally could be attributed to the increased liquidity in WLL shares before the closing of its $6 billion merger with Oasis on which Whiting shareholders will be given 0.5774 shares of OAS common stock along with $6.25 in cash for each share of the WLL stock held. Improved market conditions and soaring energy prices have also contributed to the robustness of Whiting, an independent energy firm engaged in the exploration, development and production of crude oil and natural gas properties in the United States.This company is expected to post quarterly earnings of $6.48 per share in its upcoming report, which represents a year-over-year change of +115.3%. Revenues are expected to be $504.33 million, up 43.4% from the year-ago quarter.Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.For Whiting Petroleum Corporation, the consensus EPS estimate for the quarter has been revised 5.4% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on WLL going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Whiting Petroleum Corporation is a member of the Zacks Oil and Gas - Exploration and Production - United States industry. One other stock in the same industry, PDC Energy (PDCE), finished the last trading session 6.5% higher at $63.72. PDCE has returned -23.3% over the past month.PDC Energy's consensus EPS estimate for the upcoming report has changed +3.2% over the past month to $4.77. Compared to the company's year-ago EPS, this represents a change of +187.4%. PDC Energy currently boasts a Zacks Rank of #3 (Hold). 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 Whiting Petroleum Corporation (WLL): Free Stock Analysis Report PDC Energy, Inc. (PDCE): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksJun 28th, 2022

First Business Financial Services (FBIZ) Soars 5.4%: Is Further Upside Left in the Stock?

First Business Financial Services (FBIZ) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term. First Business Financial Services (FBIZ) shares soared 5.4% in the last trading session to close at $32.31. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 9.7% loss over the past four weeks.The performance of banks is expected to have improved in the second quarter driven by the higher interest rates and rise in demand for loans. Investors are also bullish on the sector on expectations of more interest rate hikes this year. This possibly led to the optimistic stance by the investors, which drove First Business Financial higher.This bank holding company for First Business Bank and First Business Bank-Milwaukee is expected to post quarterly earnings of $0.90 per share in its upcoming report, which represents a year-over-year change of -5.3%. Revenues are expected to be $29.15 million, up 4.2% from the year-ago quarter.While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.For First Business Financial Services, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on FBIZ going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>First Business Financial Services belongs to the Zacks Banks - Midwest industry. Another stock from the same industry, Park National (PRK), closed the last trading session 0.3% lower at $121.61. Over the past month, PRK has returned 0%.For Park National, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $2.03. This represents a change of -17.8% from what the company reported a year ago. Park National currently has a Zacks Rank of #2 (Buy). 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 First Business Financial Services, Inc. (FBIZ): Free Stock Analysis Report Park National Corporation (PRK): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJun 28th, 2022

Bankwell Financial Group, Inc. (BWFG) Soars 5.7%: Is Further Upside Left in the Stock?

Bankwell Financial Group, Inc. (BWFG) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term. Bankwell Financial Group, Inc. (BWFG) shares soared 5.7% in the last trading session to close at $31.70. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 15.2% loss over the past four weeks.The performance of banks is expected to have improved in the second quarter driven by the higher interest rates and an increase in loan demand. Further, investors are bullish on the sector on expectations of more interest rate hikes this year. This possibly led to the optimistic stance by the investors, which drove Bankwell Financial stock higher.This company is expected to post quarterly earnings of $1.01 per share in its upcoming report, which represents a year-over-year change of +27.9%. Revenues are expected to be $22 million, up 22.1% from the year-ago quarter.While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.For Bankwell Financial Group, Inc., the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on BWFG going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Bankwell Financial Group, Inc. belongs to the Zacks Banks - Northeast industry. Another stock from the same industry, Evans Bancorp (EVBN), closed the last trading session 0.3% lower at $32.71. Over the past month, EVBN has returned -14.3%.For Evans Bancorp, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.84. This represents a change of -27% from what the company reported a year ago. Evans Bancorp currently has a Zacks Rank of #2 (Buy). 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 Bankwell Financial Group, Inc. (BWFG): Free Stock Analysis Report Evans Bancorp, Inc. (EVBN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJun 28th, 2022

Strength Seen in Robinhood Markets, Inc. (HOOD): Can Its 14% Jump Turn into More Strength?

Robinhood Markets, Inc. (HOOD) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term. Robinhood Markets, Inc. (HOOD) shares soared 14% in the last trading session to close at $9.12. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 22.9% loss over the past four weeks.Shares of Robinhood Markets rallied for the third consecutive day. The news that crypto exchange FTX is exploring the buyout of HOOD sent the stock soaring. This was first reported by Bloomberg citing persons familiar with the matter. The reported noted that the company hasn’t been approached for the potential acquisition and FTX may decide not to move ahead with the plan.Later on, FTX CEO and founder, Sam Bankman-Fried in an e-mail statement commented, “We are excited about Robinhood's business prospects and potential ways we could partner with them, and I have always been impressed by the business that Vlad and his team have built. That being said there are no active M&A conversations with Robinhood.”This company is expected to post quarterly loss of $0.30 per share in its upcoming report, which represents a year-over-year change of -372.7%. Revenues are expected to be $392.03 million, down 30.7% from the year-ago quarter.Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.For Robinhood Markets, Inc., the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on HOOD going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Robinhood Markets, Inc. is a member of the Zacks Financial - Investment Bank industry. One other stock in the same industry, Cowen Group (COWN), finished the last trading session 1.6% lower at $24.84. COWN has returned -4.5% over the past month.Cowen's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.03. Compared to the company's year-ago EPS, this represents a change of -31.3%. Cowen currently boasts a Zacks Rank of #2 (Buy). 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 Robinhood Markets, Inc. (HOOD): Free Stock Analysis Report Cowen Group, Inc. (COWN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJun 28th, 2022

Esquire Financial Holdings, Inc. (ESQ) Soars 5.3%: Is Further Upside Left in the Stock?

Esquire Financial Holdings, Inc. (ESQ) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road. Esquire Financial Holdings, Inc. (ESQ) shares rallied 5.3% in the last trading session to close at $33.93. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 13.9% loss over the past four weeks.Shares of Esquire Financial rallied for the second consecutive day. The performance of banks is expected to have improved in the second quarter given the higher interest rates and rise in demand for commercial loans. Investors are also bullish on the banking sector on expectations of the interest rate hikes this year. This possibly led to the optimistic stance by the investors, which drove ESQ stock higher.This company is expected to post quarterly earnings of $0.71 per share in its upcoming report, which represents a year-over-year change of +24.6%. Revenues are expected to be $18.2 million, up 12.8% from the year-ago quarter.While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.For Esquire Financial Holdings, Inc., the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on ESQ going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Esquire Financial Holdings, Inc. is part of the Zacks Banks - Northeast industry. Byline Bancorp (BY), another stock in the same industry, closed the last trading session 0.2% lower at $23.93. BY has returned -3.6% in the past month.Byline Bancorp's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.51. Compared to the company's year-ago EPS, this represents a change of -33.8%. Byline Bancorp currently boasts a Zacks Rank of #1 (Strong Buy). 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 Esquire Financial Holdings, Inc. (ESQ): Free Stock Analysis Report Byline Bancorp, Inc. (BY): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJun 28th, 2022

Professional Holding (PFHD) Stock Jumps 5.7%: Will It Continue to Soar?

Professional Holding (PFHD) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term. Professional Holding (PFHD) shares ended the last trading session 5.7% higher at $19.86. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 14.2% loss over the past four weeks.The performance of banks is expected to have improved in the second quarter given the higher interest rates and rise in demand for loans. Investors are also bullish on the banking sector on expectations of the interest rate hikes this year. This possibly led to the optimistic stance by the investors, which drove Professional Holding higher.This company is expected to post quarterly earnings of $0.38 per share in its upcoming report, which represents a year-over-year change of -15.6%. Revenues are expected to be $21.2 million, up 8.7% from the year-ago quarter.While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.For Professional Holding, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on PFHD going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Professional Holding is a member of the Zacks Banks - Southeast industry. One other stock in the same industry, Synovus Financial (SNV), finished the last trading session 0.6% lower at $36.80. SNV has returned -12.5% over the past month.Synovus' consensus EPS estimate for the upcoming report has changed -0.9% over the past month to $1.10. Compared to the company's year-ago EPS, this represents a change of -8.3%. Synovus currently boasts a Zacks Rank of #3 (Hold). 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 Professional Holding Corp. (PFHD): Free Stock Analysis Report Synovus Financial Corp. (SNV): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJun 28th, 2022

Oportun Financial Corporation (OPRT) Stock Jumps 11.8%: Will It Continue to Soar?

Oportun Financial Corporation (OPRT) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term. Oportun Financial Corporation (OPRT) shares soared 11.8% in the last trading session to close at $9.22. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 25.6% loss over the past four weeks.The performance of financial service providers is expected to have improved in the second quarter given the higher interest rates and rise in demand for consumer loans. Investors are also bullish on the finance sector on expectations of further interest rate hikes this year. This possibly led to the optimistic stance by the investors, which drove Oportun Financial higher.This company is expected to post quarterly earnings of $0.10 per share in its upcoming report, which represents a year-over-year change of -82.1%. Revenues are expected to be $217.83 million, up 57.5% from the year-ago quarter.While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.For Oportun Financial Corporation, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on OPRT going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Oportun Financial Corporation is a member of the Zacks Financial - Miscellaneous Services industry. One other stock in the same industry, Atlanticus Holdings Corporation (ATLC), finished the last trading session 0.4% higher at $36.69. ATLC has returned -7.9% over the past month.Atlanticus Holdings Corporation's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.45. Compared to the company's year-ago EPS, this represents a change of -7.1%. Atlanticus Holdings Corporation currently boasts a Zacks Rank of #5 (Strong Sell). 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 Oportun Financial Corporation (OPRT): Free Stock Analysis Report Atlanticus Holdings Corporation (ATLC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJun 28th, 2022

Daqo (DQ) Soars 7.3%: Is Further Upside Left in the Stock?

Daqo (DQ) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road. Daqo New Energy (DQ) shares rallied 7.3% in the last trading session to close at $72.11. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 41.3% gain over the past four weeks.Optimism over strong customer demand and higher prices of polysilicon seemed to have driven the stock higher. The company is benefiting from strong demand for solar energy products. Higher polysilicon average selling prices driven by strong demand are also driving its sales and margins. The company’s efforts to improve its cost structure are also supporting its margins. Its energy efficiency efforts and enhanced manufacturing efficiencies are contributing to lower costs.This solar panel parts maker is expected to post quarterly earnings of $6.46 per share in its upcoming report, which represents a year-over-year change of +113.2%. Revenues are expected to be $1.07 billion, up 142.9% from the year-ago quarter.While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.For Daqo, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on DQ going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Daqo is a member of the Zacks Chemical - Specialty industry. One other stock in the same industry, Quaker Chemical (KWR), finished the last trading session 0.8% lower at $151.39. KWR has returned -1.6% over the past month.Quaker Chemical's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.14. Compared to the company's year-ago EPS, this represents a change of -37.4%. Quaker Chemical currently boasts a Zacks Rank of #3 (Hold). 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 DAQO New Energy Corp. (DQ): Free Stock Analysis Report Quaker Houghton (KWR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJun 28th, 2022

Nabors (NBR) Soars 11%: Is Further Upside Left in the Stock?

Nabors (NBR) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term. Nabors Industries (NBR) shares soared 11% in the last trading session to close at $134.28. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 26.1% loss over the past four weeks. Nabors Industries stock ended sharply higher on the last trading day, driven by optimism over oil prices spurred by curbs on Russia, plus a demand spike owing to the reopening of economies and a rebound in activity. The steady increase in crude prices to over $100 a barrel has lifted the onshore contract drilling space and contributed to the strength in the company.This drilling contractor is expected to post quarterly loss of $6.83 per share in its upcoming report, which represents a year-over-year change of +62.1%. Revenues are expected to be $620.01 million, up 26.7% from the year-ago quarter.Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.For Nabors, the consensus EPS estimate for the quarter has been revised 0.6% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on NBR going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Nabors is a member of the Zacks Oil and Gas - Drilling industry. One other stock in the same industry, Patterson-UTI (PTEN), finished the last trading session 8.4% higher at $15.77. PTEN has returned -25.4% over the past month.Patterson-UTI's consensus EPS estimate for the upcoming report has changed +10.5% over the past month to -$0.03. Compared to the company's year-ago EPS, this represents a change of +94.4%. Patterson-UTI currently boasts a Zacks Rank of #2 (Buy). 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 Nabors Industries Ltd. (NBR): Free Stock Analysis Report PattersonUTI Energy, Inc. (PTEN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJun 27th, 2022

Strength Seen in CVR (CVI): Can Its 5.2% Jump Turn into More Strength?

CVR (CVI) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term. CVR Energy (CVI) shares ended the last trading session 5.2% higher at $34.13. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 3.4% loss over the past four weeks.CVR Energy stock ended sharply higher on Friday, driven by optimism over oil prices spurred by curbs on Russia, plus a demand spike owing to the reopening of economies and a rebound in activity. The steady increase in crude prices to over $100 a barrel and robust product demand has lifted the fuel refining space and contributed to the strength in CVR Energy.This diversified holding company is expected to post quarterly earnings of $1.53 per share in its upcoming report, which represents a year-over-year change of +578.1%. Revenues are expected to be $2.37 billion, up 32.7% from the year-ago quarter.Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.For CVR, the consensus EPS estimate for the quarter has been revised 10.9% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on CVI going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>CVR belongs to the Zacks Oil and Gas - Refining and Marketing industry. Another stock from the same industry, Tellurian Inc. (TELL), closed the last trading session 1% lower at $2.90. Over the past month, TELL has returned -36.4%.For Tellurian Inc., the consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.03. This represents a change of +62.5% from what the company reported a year ago. Tellurian Inc. currently has a Zacks Rank of #3 (Hold). 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 CVR Energy Inc. (CVI): Free Stock Analysis Report Tellurian Inc. (TELL): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJun 27th, 2022