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The 50 best places to live in America, ranked

US News ranked the best places to live based on each city's quality of life, value, desirability, and job market. Huntsville, Alabama, was named the best place to live in America in 2022.Rob Hainer/Shutterstock U.S. News & World Report releases a list of the best places to live in America every year. Its 2022 ranking for the best places to live looked at five metrics: job market, value, quality of life, desirability, and net migration. The best place to live in America is Huntsville, Alabama, followed by Colorado Springs, Colorado. When deciding where to put down roots, many factors are in the eye of the beholder, such as climate, politics, or proximity to extended family.Other aspects are desirable to nearly everyone: affordable housing, access to well-paying jobs, a low cost of living, good schools, and quality healthcare. In its ranking of the best places to live in America for 2022, U.S. News & World Report gathered data on these crucial components for more than 100 US cities.U.S. News categorized the data into five indexes for each city — job market, value, quality of life, desirability, and net migration — to definitively rank these major metro areas. You can read U.S. News' full methodology here.Scores for "value," a blend of annual household income and cost of living, and "quality of life," which accounts for crime, college readiness, commute, and other factors, are included below on a 10-point scale, as well as the city's population and average annual salary.Huntsville, Alabama, came out on top, while Colorado Springs trailed close behind.Keep reading to discover the 50 best places to live in America.50. Peoria, IllinoisHenryk Sadura/Getty ImagesPeoria is quickly becoming a place where families comfortably occupy the suburbs while the youth can enjoy new entertainment districts.In the warmer months, festivals pop up around the city each weekend, and nature lovers have access to trails for hiking, hunting, and biking.Population: 403,747Average annual salary: $54,330Quality of life: 6.6 (out of 10)Value index: 8.249. Charleston, South CarolinaCharleston, South Carolina.ShutterstockCharleston's charming, historic, and sophisticated ambiance is exemplary of southern culture. "Not only is the area overflowing with entertainment and good food, but this low country locale is also gorgeous," said a local expert.Tourism is booming in Charleston, creating plenty of jobs, especially in the summer months. Year-round, jobs in tech, sales, marketing, and advertising keep the city's economy strong.Population: 790,955Average annual salary: $50,810Quality of life: 6.4Value index: 6.1 48. Fort Wayne, IndianaFort Wayne, Indiana.Shutterstock/Travis EckertThe Rust Belt hub of Fort Wayne, Indiana, is being revitalized as of late. Manufacturers including General Motors and BAE Systems have brought jobs to the area, while its economy is seeing a spike from young people eager to move downtown from the suburbs."With its low cost of living and quiet neighborhoods, Fort Wayne, Indiana, is an excellent place to buy a house, start a career, launch a business and raise children," a local expert said.Population: 409,419Average annual salary: $48,060Quality of life: 6.4Value index: 8.4 47. Hartford, ConnecticutHartford, Connecticut.Sean Pavone/ShutterstockLocated in the Connecticut River Valley, Hartford was once the home to notable historic figures, including Mark Twain and Harriet Beecher Stowe. Among the city's historic attractions, today it offers nearby entertainment venues, ski slopes, state parks.The aerospace, healthcare, and financial services industries dominate the job market in Hartford, which is home to Aetna Inc., United Technologies Corp., and Hartford Hospital.Population: 1,205,842Average annual salary: $65,750Quality of life: 7.2Value index: 6.1  46. Asheville, North CarolinaAsheville, North Carolina.MilesbeforeIsleep / Shutterstock.comIt's no surprise why the mountain town of Asheville, North Carolina, is beloved by tourists and residents alike. Nestled in between the Blue Ridge and Appalachian mountains, Asheville is a magnet for outdoor lovers as well as fans of music, art, and craft beer.Population: 459,344Average annual salary: $46,310Quality of life: 6.7Value index: 6.7  45. Buffalo, New YorkSkyline of Buffalo, New York.Getty ImagesLocated only 20 miles away from the tourist destination, Niagara Falls, Buffalo offers a more tight-knit community. Residents of Buffalo can enjoy a game of two of their beloved professional sports teams or ski the slopes in the winter.Nearby are the Allegheny National Forest and Letchworth State Park for nature enthusiasts, and art lovers can enjoy cultural attractions as well.Population: 1,129,018Average annual salary: $53,300Quality of life: 6.8Value index: 7.844. Pensacola, FloridaPensacola, Florida.Andrew Zarivny/ShutterstockThis diverse area is home to a 10-day fiesta, gorgeous beaches facing the Gulf of Mexico, and great areas for fishing. Pensacola received high marks for desirability and net migration, meaning more and more people are interested in moving to this beautiful part of the country. Population: 496,278Average annual salary: $45,170Quality of life: 6.6Value index: 6.5 43. Greenville, South CarolinaGreenville, South Carolina.Shutterstock/Sean PavoneOnce a sleepy small town, Greenville has witnessed a cultural revival in recent years, complete with an influx of new restaurants and businesses. Though the summers can get hot, the city's typically mild weather makes it possible to explore downtown on foot any time of the year.An influx of manufacturing jobs has also boosted Greenville's economy, with brand-name companies, such as GE and Michelin, setting up shop in town.Population: 908,680Average annual salary: $47,100Quality of life: 6.1Value index: 8.0  42. Rochester, New YorkRochester, New York skyline.Roland Shainidze Photography/Getty Images.History meets modernity in Rochester as the city has made strides to preserve its roots while updating its downtown to make it more attractive to suburban residents.In the winter, Rochester offers ski slopes and sledding hills while they have access to Lake Ontario during the summer for boating and fishing.Population: 1,071,784Average annual salary: $54,550Quality of life: 7.1Value index: 7.041. Cincinnati, OhioCincinnati, Ohio.Checubus/ShutterstockCincinnati is a city that loves its food, sports, and culture. There's something for everyone in the Midwest's Queen City, from a strong job market to a busy event calendar filled with museums, baseball, and local heritage events.Residents appreciate the city's affordability — housing there is cheaper than the national average, despite Cincinnati being one of the 30 biggest metro areas in the US.Population: 2,214,265Average annual salary: $53,650Quality of life: 6.7Value: 7.8 40. Kalamazoo, MichiganSean Pavone/Getty ImagesThe small-town atmosphere of Kalamazoo calls to anyone intrigued by chili cook-offs and farmers markets. It's a hot spot for lovers of arts and culture.Visitors of the city can enjoy craft breweries, museums, and live music during their time in Kalamazoo.Population: 264,322Average annual salary: $51,480Quality of life: 6.5Value index: 8.039. Tampa, FloridaBusà Photography/Getty ImagesTampa residents can enjoy the laid-back vibes of the beach while maintaining access to a metropolitan area full of entertainment options — including an NFL team.It was once home to the "Cigar Capital of the World" and the Tampa Bay metro area includes the beaches of St. Petersburg.Population: 3,152,928Average annual salary: $51,770Quality of life: 6.9Value index: 5.938. Syracuse, New YorkSyracuse, New York.Denis Tangney Jr/Getty ImagesSyracuse is a haven for lovers of winter, but this central New York city is one of the most affordable metropolitan areas in the US. Wine lovers will delight in its proximity to the Finger Lakes where they can enjoy some of the best wine the region has to offer.The city offers a city center that's only a short distance from surrounding suburbs, and it's only four hours away from New York City.Population: 650,211Average annual salary: $54,890Quality of life: 7.7Value index: 7.037. Myrtle Beach, South CarolinaMyrtle Beach, South Carolina, is a popular vacation destination.ShutterstockPopular vacation destination Myrtle Beach is rife with job opportunities in the hospitality industry thanks to tourism from beachgoers. The tourist hot spot offers recreational activities, quality restaurants, and mild weather.The low income taxes and company incentives make an ideal home for small business owners.Population: 481,489Average annual salary: $39,250Quality of life: 6.0Value index: 6.436. Seattle, WashingtonSeattle, Washington.Asif Islam/ShutterstockSeattle is sandwiched between water and mountains and doesn't get as much rain as you'd think, said one local expert. The city's residents are drawn to the area for its atmosphere of "calm and patience" and its close proximity to nature. Jobs in Seattle are concentrated in tech, healthcare, and maritime industries, but the city is also a huge manufacturing center for companies like Boeing.Population: 3,928,498Average annual salary: $74,330Quality of life: 6.6Value index: 5.4  35. Harrisburg, PennsylvaniaHarrisburg, Pennsylvania.Shutterstock/Jon BilousLocated on the banks of the Susquehanna River and the foothills of the Appalachian Trail, Harrisburg offers residents unlimited access to the outdoors.Many are employed by the state and federal government in Harrisburg, but there's also several large private-sector companies that are top employers, including Hershey's, Rite Aid, and D&H Distributing.Population: 574,691Average annual salary: $52,700Quality of life: 6.9Value index: 7.6 34. Lexington-Fayette, KentuckyLexington, Kentucky.Katie Warren/Business InsiderLexington, Kentucky, is known as the horse capital of the world, and residents are especially proud of their city's reputation for equestrian. On top of world-famous horse parks and racecourses, the area has more than 1,000 horse farms, not to mention streets named after Triple Crown winners and a bevy of horse statues in parks around the city. But love of equestrian activities isn't the only thing Lexington offers.Younger residents move there for its college-town feel and appreciation for local sports and music. And the area is a haven for fans of the outdoors — the nearby Red River Gorge and Cumberland Falls are scenic places for residents to explore their surroundings.Population: 514,273Average annual salary: $48,150Quality of life: 6.9Value index: 7.6  33. Knoxville, TennesseeKnoxville, Tennessee.iStock / Sean PavoneFor sports enthusiasts and outdoor enthusiasts alike, Knoxville, Tennessee, is a great place to call home. Close to the nearby Great Smoky Mountains National Park and Ijams Nature Center, getting outdoors and enjoying nature is a breeze in this Southern city. Population: 861,872Average annual salary: $47,740Quality of life: 6.1Value index: 7.9 32. Dallas-Fort Worth, TexasDallas-Fort Worth, Texas.Philip Lange/ShutterstockA healthy balance of urban and rural, Dallas offers residents "big-city excitement and quiet, suburban living," shared one local expert. There's local bars, retail shops, and plenty of sports spirit to satisfy the huge population. The city — with large employers in business, finance, and education — is teeming with young professionals.Population: 7,451,858Average annual salary: $56,190Quality of life: 6.4Value index: 6.7 31. Hickory, North CarolinaJeff Yount/Getty ImagesLocated just an hour outside of Charlotte, Hickory is garnering attention from young professionals after being home to mostly retirees and families. Residents have access to the mountains of Asheville an hour west and local art around town by way of outdoor sculptures and art galleries. Tech giants Apple and Google each have data centers here.Population: 367,982Average annual salary: $43,630Quality of life: 6.1Value index: 8.930. Charlotte, North CarolinaCharlotte, North Carolina.Sean Pavone/ShutterstockA "melting pot effect" draws all types of people to Charlotte, a place with "equal parts old-fashioned southern charm and high-energy cosmopolitan bustle," touted one local expert. NASCAR and motorsports are a cultural cornerstone of Charlotte.The Queen City houses Bank of America's headquarters and major offices for Wells Fargo, making it one of the largest financial hubs in the country.Population: 2,595,027Average annual salary: $55,330Quality of life: 6.1Value index: 7.1  29. Omaha, Nebraska29. Omaha, Nebraska.Esme/ShutterstockDue to a combination of Omaha's history of cattle ranching and its current landscape of bustling tech startups, the city has earned the nickname "Silicon Prairie." Plus, eight Fortune 500 companies are headquartered in Omaha, including Berkshire Hathaway, Union Pacific Railroad, and Mutual of Omaha.Young professionals and families are attracted to the city primarily for its affordability, safety, and strong economy.Population: 940,163Average annual salary: $53,050Quality of life: 6.6Value index: 7.7  28. Lincoln, NebraskaJohn Coletti/Getty ImagesLincoln is the capital city of Nebraska and home to the Cornhuskers of University of Nebraska-Lincoln. Although the city attracts thousands of college football fans and students in the fall, the low cost of living keeps people around.It's home to large tech companies – such as Hudl and Spreetail – as part of the Midwest "Silicon Prairie."Population: 333,193Average annual salary: $50,240Quality of life: 6.7Value index: 7.727. Minneapolis-St. Paul, MinnesotaSt. Paul, Minnesota.Sam Wagner/ShutterstockThe Twin Cities have "big-city amenities like museums and sports stadiums, but also have an approachable, Midwestern feel," according to a local expert. Residents are accustomed to the area's changing seasons, participating in ice fishing and cross-country skiing in the winter and music festivals and baseball games in the spring and summer.Jobs are available in science-focused fields at companies like Xcel Energy and Medtronic as well as retail corporations like Best Buy and Target.Population: 3,605,450Average annual salary: $62,560Quality of life: 6.7Value index: 7.2  26. Pittsburgh, PennsylvaniaPittsburgh, Pennsylvania.ESB Professional/ShutterstockPittsburgh is taking steps to rehabilitate its industrial reputation with increasing amounts of green spaces and state parks.Local expert Cheryl Werber also explains that more and more companies are also migrating to the Steel City, bringing exciting job opportunities to the area. Housing in Pittsburgh is also more affordable than other major cities, despite rates slowly beginning to rise.Population: 2,234,447Average annual salary: $54,300Quality of life: 6.6Value: 8.325. Nashville, TennesseeNashville, Tennessee.Scott Heaney/ShutterstockHonky-tonk culture and an entrepreneurial spirit define Nashville."A blossoming job market and an exploding entertainment scene [are] fueling an appetite (and thirst) for all things locally sourced and artisanal in craft," a local expert said. Thousands of residents work in healthcare at the area's large hospitals and research centers, small startups, and business accelerator programs.Population: 1,904,186Average annual salary: $52,170Quality of life: 6.1Value index: 6.7 24. Jacksonville, FloridaJacksonville, Florida.ShutterstockJacksonville's beach-adjacent location makes it ideal for outdoor activities. In addition to spending lazy days in the sand, residents can also visit the area's prime golf courses or go hiking, camping, and kayaking in the nearby parks. Jacksonville also continues to grow, with burgeoning art and music scenes, as well as new business development, according to a local expert.Population: 1,533,796Average annual salary: $49,940Quality of life: 6.7Value index: 6.1  23. Salt Lake City, UtahSalt Lake City, Utah.Maciej Bledowski/ShutterstockSalt Lake City might experience some of the snowiest weather in the country, but residents make the most of it through the multitude of ski resorts perched in the city's backyard. In warmer weather, residents can take advantage of Salt Lake's more than 900 acres of public parks and enjoy outdoor performances from the Mormon Tabernacle Choir in Temple Square.Population: 2,522,032Average annual salary: $52,094Quality of life: 6.8Value index: 7.0 22. Portland, OregonPortland, Oregon.Nadia Yong/ShutterstockPortland isn't for everybody — its slogan is "Keep Portland Weird," after all. But one local expert asserts that it's a "well-rounded city with more than just the offbeat shops and events" and a population that has "more academic degrees than the national average."Major employer Intel Corporation calls Portland home, as well as the headquarters for Nike, located about seven miles outside of Portland.Population: 2,472,774Average annual salary: $61,860Quality of life: 6.7Value index: 5.6  21. Albany, New YorkAlbany, New York.Sean Pavone/ShutterstockDespite the snowy winters, living in Albany comes with several advantages. Albany offers a cost of living lower than the national average and the cost of housing sits well below the rest of the US as a whole. In terms of jobs, the city's state government and health care companies are Albany's primary industries for residents there.Albany's downtown is lined with art galleries, wine shops, and churches for visitors to peruse. In keeping with the city's cold climate, hockey is the sport of choice for residents.Population: 880,766Average annual salary: $58,880Quality of life: 6.9Value index: 7.5  20. Melbourne, FloridaMelbourne, Florida.Jesse Kunerth/ShutterstockBetween fishing, boating, and a plethora of bars and restaurants, there's never a shortage of things to do in the Melbourne area. The city's ripe with retirees and "snowbirds" — people who split their time between colder climates in the summer and Florida in the winter — who can enjoy days on one of the many nearby golf courses and nights out exploring the local shops and art galleries.Population: 594,001Average annual salary: $51,740Quality of life: 7.0Value index: 6.6  19. Washington, DCWashington, DC.Sean Pavone/ShutterstockThe District's neighborhoods each give off their own vibe, but across the city residents often "gather for block parties, mingle at dog parks, and converse at coffee shops," explained a local expert. While Washington, DC, is known as a hub for politics, there's also a strong job market for education and health services.Population: 6,250,309Average annual salary: $77,210Quality of life: 7.0Value index: 5.8  18. Boston, MassachusettsBoston, Massachusetts.Sean Pavone/ShutterstockBoston attracts a diverse group of residents, including everyone from recent college graduates to retirees and musicians to engineers. The historical city — often referred to as the "Cradle of Liberty," according to one local expert — also overflows with team spirit for the Red Sox and 2017 Super Bowl champions, the Patriots.Population: 4,854,808Average annual salary: $73,850Quality of life: 7.2Value index: 5.2  17. Madison, WisconsinMadison, Wisconsin.Sean Pavone/ShutterstockWisconsin's capital is a "hotbed of the healthcare, information technology, and manufacturing industries," said a local expert. The area is also home to the University of Wisconsin at Madison, providing hundreds of jobs in education. Madison has a unique food culture that's a blend of fine dining and farmer's markets catering to the city's college students, young professionals, and families.Population: 660,212Average annual salary: $57,680Quality of life: 7.3Value index: 6.8  16. Grand Rapids, MichiganGrand Rapids, Michigan.Suzanne Tucker/ShutterstockGrand Rapids attracts "college students and young families with its healthy job market, affordable housing, and outdoor recreational activities," said a local expert. The self-proclaimed "Beer City USA" has more than 80 breweries as well as dynamic public art and music scenes.Once a hub for furniture production, Grand Rapids' job market is now dominated by education and healthcare, with many opportunities for workers without a college degree.Population: 1,069,696Average annual salary: $49,700Quality of life: 7.1Value index: 8.2  15. Boise, IdahoBoise, Idaho.Charles Knowles/ShutterstockIdaho's capital city is "a recreationalist's paradise," according to one local expert, who also said Boise sits "squarely on the boundary of urban and rural, civilized and wild, refined and raw." The region is home to more than 25,000 Boise State University students and provides jobs at government agencies as well as in tech and healthcare.Population: 730,483Average annual salary:$49,010Quality of life: 7.1Value index: 7.0  14. Des Moines, IowaDes Moines, Iowa.f11photo/ShutterstockDes Moines is drawing millennials and young families alike for its "one-of-a-kind shops, locally-owned restaurants, and hip bars" as well as its historical residences in quiet neighborhoods, said a local expert. Home to more than 80 insurance companies including giants Allied Insurance and Wellmark Blue Cross Blue Shield, the job market is thriving.Population: 690,585Average annual salary: $55,660Quality of life: 6.6Value index: 8.0 13. Austin, TexasMagalie L'AbbT/Getty ImagesThe capital of Texas gains about 150 new residents daily, many seeking out the city's "music, outdoor spaces, and cultural institutions," said a local expert.Austin is beloved for its live music scene and is host to some of the country's biggest music and culture festivals, including South by Southwest and Austin City Limits. The city was nicknamed "Silicon Hills" in the 1990s for its status as "among the top areas for venture capital investment in the country."Population: 2,173,804Average annual salary: $57,830Quality of life: 6.6Value index: 6.3 12. Naples, FloridaShutterstockNaples sits between the Everglades and the shores of the Gulf of Mexico. With its sunny beaches, fine dining, and golf courses, it attracts many older, wealthy residents, including retirees and snowbirds. Tourism and frequent development means jobs in the hospitality and construction industries dominate.Population: 379,345Average annual salary: $50,040Quality of life: 7.4Value index: 5.211. Ann Arbor, MichiganBarry Winiker/Getty ImagesHome to the University of Michigan, Ann Arbor is primarily known as a college town but is attracting more full-time residents downtown and along its outskirts. Born in the mid-1800s, the city is set among hills, with the Huron River running through it.Residents will find plenty to do outdoors throughout the year, from kayaking to ice skating. More than 90% of residents live within 10 minutes of a public park by walk, according to the Trust for Public Land.Population: 368,385Average annual salary: $59,200Quality of life: 8.0Value index: 6.510. San Francisco, CaliforniaSan Francisco, California.Travel Stock/ShutterstockA local expert described San Francisco as "the heart of the bohemian lifestyle, the epicenter of the LGBT rights movement, and the launching point of the technology era." In the last decade, thousands of tech companies have raced to set up shop in the Bay Area, sending the cost of living through the roof.But despite all the focus on the tech and startup scene, the city also has plenty of business jobs available with more than 30 international finance headquarters.Population: 4,709,220Average annual salary: $81,840Quality of life: 6.8Value index: 5.1 9. Sarasota, FloridaSarasota, Florida.Sean Pavone/ShutterstockSarasota boasts "warm temperatures year-round, award-winning beaches, and a thriving arts and cultural scene," said a local expert. The biggest employers in Sarasota are in education, trade, and transportation, and the leisure and hospitality sector touts a low unemployment rate powered by a recent increase in tourism and a flood of new residents.Population: 821,613Average annual salary:$48,180Quality of life: 7.0Value index: 6.2  8. Portland, MainePortland, Maine.Sean Pavone/ShutterstockLocated right on the water at Casco Bay and lined with cobblestone streets, Portland immediately evokes the quaintness of a much smaller town. Between fishing, sailing, cross-country skiing, and exploring the city's buzzing nightlife, there's no shortage of things to do. Seafood lovers can nosh on fresh catches at the city's modern oyster bars and or grab one of Maine's signature lobster rolls.Population: 536,314Average annual salary: $55,790Quality of life: 7.2Value index: 6.6  7. Fayetteville, ArkansasFayetteville, Arkansas.shuttersv/ShutterstockFayetteville sits among the Ozark Mountains and is home to the University of Arkansas' flagship campus. The surrounding area of northwest Arkansas is home to headquarters for seven Fortune 500 companies including Walmart and Tyson Foods.The city has experienced immense growth, according to a local expert, who said the region has evolved "from a small town to a center of higher education, culture, commerce, and entrepreneurialism."Population: 526,101Average annual salary: $50,470Quality of life: 6.8Value index: 8.3 6. Raleigh-Durham, North CarolinaRaleigh, North Carolina.Sharkshock/ShutterstockRaleigh, Durham, and Chapel Hill are collectively known as the Triangle, an area anchored by its foundation in research and tech. The Triangle employs nearly 40,000 residents at companies like IBM, SAS Institute Inc., and Cisco Systems as well as surrounding colleges Duke, North Carolina State, and the University of North Carolina at Chapel Hill.A strong job market coupled with a burgeoning microbrewery and dining scene draws new residents every day, said a local expert.Population: 1,999,253Average annual salary: $59,174Quality of life: 6.8Value index: 7.15. San Jose, CaliforniaSan Jose, California.stellamc / ShutterstockThe sprawling city of San Jose is "as much defined by its suburban neighborhoods and large tech campuses as it is by the high-rises in its business district," said a local expert. Young residents and recent graduates of nearby Stanford and UC Berkeley have no trouble finding jobs in the area, which touts Facebook, Google, and Apple as its largest private-sector employers.Population: 1,985,926Average annual salary: $93,450Quality of life: 7.6Value index: 5.5  4. Boulder, ColoradoShutterstockThere's never a shortage of outdoor fun to be had in Boulder, with more than 60 parks and 155 miles of hiking trails at residents' disposal. Downtown, locals enjoy the prominent arts scene, craft breweries, and farmer's markets. Major employers in Boulder include companies in the technology, aerospace, and bioscience industries.Population: 324,682Average annual salary: $70,450Quality of life: 7.7Value index: 5.1 3. Green Bay, WisconsinJamesBrey/Getty ImagesThe oldest settlement in Wisconsin, Green Bay used to be a key shipping center. Today, it's better known as the home of the Green Bay Packers. Residents can enjoy craft breweries and wineries, boutique shopping, museums and art galleries, and outdoor fun on trails and the Fox River.Some of Green Bay's largest employers include insurance companies like UnitedHealth Group and Humana and shipping firms like Georgia-Pacific.Population: 320,827Average annual salary: $50,020Quality of life: 7.1Value index: 8.5 2. Colorado Springs, ColoradoColorado Springs, Colorado.John Coletti/Getty ImagesColorado Springs is "booming, with new residences popping up alongside quality schools, parks, and cultural attractions," touts a local expert. The city is just an hour's drive from Denver and in close proximity to Aspen and Vail's world-class ski resorts. Military jobs influence Colorado Springs' culture and economy, but jobs are also available in medical innovation and tech.Population: 735,480Average annual salary: $55,540Quality of life: 6.4Value index: 5.7  1. Huntsville, AlabamaHuntsville, Alabama.ShutterstockThe once-sleepy town of Huntsville, Alabama, gained fame in the 1960s when it became a hub for NASA. Now Huntsville is undergoing another renaissance, with tech companies, craft breweries, and artists all flocking to the town in recent years.Huntsville is the fastest-growing city in Alabama, and residents are enjoying an emerging downtown shopping and dining scene even as the city maintains a low cost of living. If you can handle the heat and humidity, you might find yourself at home there.Population: 464,607Average annual salary: $58,730Quality of life: 6.8Value index: 8.5  Read the original article on Business Insider.....»»

Category: personnelSource: nytAug 6th, 2022

The 50 best places to live in America, ranked

US News ranked the best places to live based on each city's quality of life, value, desirability, and job market. Huntsville, Alabama, was named the best place to live in America in 2022.Rob Hainer/Shutterstock U.S. News & World Report releases a list of the best places to live in America every year. Its 2022 ranking for the best places to live looked at five metrics: job market, value, quality of life, desirability, and net migration. The best place to live in America is Huntsville, Alabama, followed by Colorado Springs, Colorado. When deciding where to put down roots, many factors are in the eye of the beholder, such as climate, politics, or proximity to extended family.Other aspects are desirable to nearly everyone: affordable housing, access to well-paying jobs, a low cost of living, good schools, and quality healthcare. In its ranking of the best places to live in America for 2022, U.S. News & World Report gathered data on these crucial components for more than 100 US cities.U.S. News categorized the data into five indexes for each city — job market, value, quality of life, desirability, and net migration — to definitively rank these major metro areas. You can read U.S. News' full methodology here.Scores for "value," a blend of annual household income and cost of living, and "quality of life," which accounts for crime, college readiness, commute, and other factors, are included below on a 10-point scale, as well as the city's population and average annual salary.Huntsville, Alabama, came out on top, while Colorado Springs trailed close behind.Keep reading to discover the 50 best places to live in America.50. Peoria, IllinoisHenryk Sadura/Getty ImagesPeoria is quickly becoming a place where families comfortably occupy the suburbs while the youth can enjoy new entertainment districts.In the warmer months, festivals pop up around the city each weekend, and nature lovers have access to trails for hiking, hunting, and biking.Population: 403,747Average annual salary: $54,330Quality of life: 6.6 (out of 10)Value index: 8.249. Charleston, South CarolinaCharleston, South Carolina.ShutterstockCharleston's charming, historic, and sophisticated ambiance is exemplary of southern culture. "Not only is the area overflowing with entertainment and good food, but this low country locale is also gorgeous," said a local expert.Tourism is booming in Charleston, creating plenty of jobs, especially in the summer months. Year-round, jobs in tech, sales, marketing, and advertising keep the city's economy strong.Population: 790,955Average annual salary: $50,810Quality of life: 6.4Value index: 6.1 48. Fort Wayne, IndianaFort Wayne, Indiana.Shutterstock/Travis EckertThe Rust Belt hub of Fort Wayne, Indiana, is being revitalized as of late. Manufacturers including General Motors and BAE Systems have brought jobs to the area, while its economy is seeing a spike from young people eager to move downtown from the suburbs."With its low cost of living and quiet neighborhoods, Fort Wayne, Indiana, is an excellent place to buy a house, start a career, launch a business and raise children," a local expert said.Population: 409,419Average annual salary: $48,060Quality of life: 6.4Value index: 8.4 47. Hartford, ConnecticutHartford, Connecticut.Sean Pavone/ShutterstockLocated in the Connecticut River Valley, Hartford was once the home to notable historic figures, including Mark Twain and Harriet Beecher Stowe. Among the city's historic attractions, today it offers nearby entertainment venues, ski slopes, state parks.The aerospace, healthcare, and financial services industries dominate the job market in Hartford, which is home to Aetna Inc., United Technologies Corp., and Hartford Hospital.Population: 1,205,842Average annual salary: $65,750Quality of life: 7.2Value index: 6.1  46. Asheville, North CarolinaAsheville, North Carolina.MilesbeforeIsleep / Shutterstock.comIt's no surprise why the mountain town of Asheville, North Carolina, is beloved by tourists and residents alike. Nestled in between the Blue Ridge and Appalachian mountains, Asheville is a magnet for outdoor lovers as well as fans of music, art, and craft beer.Population: 459,344Average annual salary: $46,310Quality of life: 6.7Value index: 6.7  45. Buffalo, New YorkSkyline of Buffalo, New York.Getty ImagesLocated only 20 miles away from the tourist destination, Niagara Falls, Buffalo offers a more tight-knit community. Residents of Buffalo can enjoy a game of two of their beloved professional sports teams or ski the slopes in the winter.Nearby are the Allegheny National Forest and Letchworth State Park for nature enthusiasts, and art lovers can enjoy cultural attractions as well.Population: 1,129,018Average annual salary: $53,300Quality of life: 6.8Value index: 7.844. Pensacola, FloridaPensacola, Florida.Andrew Zarivny/ShutterstockThis diverse area is home to a 10-day fiesta, gorgeous beaches facing the Gulf of Mexico, and great areas for fishing. Pensacola received high marks for desirability and net migration, meaning more and more people are interested in moving to this beautiful part of the country. Population: 496,278Average annual salary: $45,170Quality of life: 6.6Value index: 6.5 43. Greenville, South CarolinaGreenville, South Carolina.Shutterstock/Sean PavoneOnce a sleepy small town, Greenville has witnessed a cultural revival in recent years, complete with an influx of new restaurants and businesses. Though the summers can get hot, the city's typically mild weather makes it possible to explore downtown on foot any time of the year.An influx of manufacturing jobs has also boosted Greenville's economy, with brand-name companies, such as GE and Michelin, setting up shop in town.Population: 908,680Average annual salary: $47,100Quality of life: 6.1Value index: 8.0  42. Rochester, New YorkRochester, New York skyline.Roland Shainidze Photography/Getty Images.History meets modernity in Rochester as the city has made strides to preserve its roots while updating its downtown to make it more attractive to suburban residents.In the winter, Rochester offers ski slopes and sledding hills while they have access to Lake Ontario during the summer for boating and fishing.Population: 1,071,784Average annual salary: $54,550Quality of life: 7.1Value index: 7.041. Cincinnati, OhioCincinnati, Ohio.Checubus/ShutterstockCincinnati is a city that loves its food, sports, and culture. There's something for everyone in the Midwest's Queen City, from a strong job market to a busy event calendar filled with museums, baseball, and local heritage events.Residents appreciate the city's affordability — housing there is cheaper than the national average, despite Cincinnati being one of the 30 biggest metro areas in the US.Population: 2,214,265Average annual salary: $53,650Quality of life: 6.7Value: 7.8 40. Kalamazoo, MichiganSean Pavone/Getty ImagesThe small-town atmosphere of Kalamazoo calls to anyone intrigued by chili cook-offs and farmers markets. It's a hot spot for lovers of arts and culture.Visitors of the city can enjoy craft breweries, museums, and live music during their time in Kalamazoo.Population: 264,322Average annual salary: $51,480Quality of life: 6.5Value index: 8.039. Tampa, FloridaBusà Photography/Getty ImagesTampa residents can enjoy the laid-back vibes of the beach while maintaining access to a metropolitan area full of entertainment options — including an NFL team.It was once home to the "Cigar Capital of the World" and the Tampa Bay metro area includes the beaches of St. Petersburg.Population: 3,152,928Average annual salary: $51,770Quality of life: 6.9Value index: 5.938. Syracuse, New YorkSyracuse, New York.Denis Tangney Jr/Getty ImagesSyracuse is a haven for lovers of winter, but this central New York city is one of the most affordable metropolitan areas in the US. Wine lovers will delight in its proximity to the Finger Lakes where they can enjoy some of the best wine the region has to offer.The city offers a city center that's only a short distance from surrounding suburbs, and it's only four hours away from New York City.Population: 650,211Average annual salary: $54,890Quality of life: 7.7Value index: 7.037. Myrtle Beach, South CarolinaMyrtle Beach, South Carolina, is a popular vacation destination.ShutterstockPopular vacation destination Myrtle Beach is rife with job opportunities in the hospitality industry thanks to tourism from beachgoers. The tourist hot spot offers recreational activities, quality restaurants, and mild weather.The low income taxes and company incentives make an ideal home for small business owners.Population: 481,489Average annual salary: $39,250Quality of life: 6.0Value index: 6.436. Seattle, WashingtonSeattle, Washington.Asif Islam/ShutterstockSeattle is sandwiched between water and mountains and doesn't get as much rain as you'd think, said one local expert. The city's residents are drawn to the area for its atmosphere of "calm and patience" and its close proximity to nature. Jobs in Seattle are concentrated in tech, healthcare, and maritime industries, but the city is also a huge manufacturing center for companies like Boeing.Population: 3,928,498Average annual salary: $74,330Quality of life: 6.6Value index: 5.4  35. Harrisburg, PennsylvaniaHarrisburg, Pennsylvania.Shutterstock/Jon BilousLocated on the banks of the Susquehanna River and the foothills of the Appalachian Trail, Harrisburg offers residents unlimited access to the outdoors.Many are employed by the state and federal government in Harrisburg, but there's also several large private-sector companies that are top employers, including Hershey's, Rite Aid, and D&H Distributing.Population: 574,691Average annual salary: $52,700Quality of life: 6.9Value index: 7.6 34. Lexington-Fayette, KentuckyLexington, Kentucky.Katie Warren/Business InsiderLexington, Kentucky, is known as the horse capital of the world, and residents are especially proud of their city's reputation for equestrian. On top of world-famous horse parks and racecourses, the area has more than 1,000 horse farms, not to mention streets named after Triple Crown winners and a bevy of horse statues in parks around the city. But love of equestrian activities isn't the only thing Lexington offers.Younger residents move there for its college-town feel and appreciation for local sports and music. And the area is a haven for fans of the outdoors — the nearby Red River Gorge and Cumberland Falls are scenic places for residents to explore their surroundings.Population: 514,273Average annual salary: $48,150Quality of life: 6.9Value index: 7.6  33. Knoxville, TennesseeKnoxville, Tennessee.iStock / Sean PavoneFor sports enthusiasts and outdoor enthusiasts alike, Knoxville, Tennessee, is a great place to call home. Close to the nearby Great Smoky Mountains National Park and Ijams Nature Center, getting outdoors and enjoying nature is a breeze in this Southern city. Population: 861,872Average annual salary: $47,740Quality of life: 6.1Value index: 7.9 32. Dallas-Fort Worth, TexasDallas-Fort Worth, Texas.Philip Lange/ShutterstockA healthy balance of urban and rural, Dallas offers residents "big-city excitement and quiet, suburban living," shared one local expert. There's local bars, retail shops, and plenty of sports spirit to satisfy the huge population. The city — with large employers in business, finance, and education — is teeming with young professionals.Population: 7,451,858Average annual salary: $56,190Quality of life: 6.4Value index: 6.7 31. Hickory, North CarolinaJeff Yount/Getty ImagesLocated just an hour outside of Charlotte, Hickory is garnering attention from young professionals after being home to mostly retirees and families. Residents have access to the mountains of Asheville an hour west and local art around town by way of outdoor sculptures and art galleries. Tech giants Apple and Google each have data centers here.Population: 367,982Average annual salary: $43,630Quality of life: 6.1Value index: 8.930. Charlotte, North CarolinaCharlotte, North Carolina.Sean Pavone/ShutterstockA "melting pot effect" draws all types of people to Charlotte, a place with "equal parts old-fashioned southern charm and high-energy cosmopolitan bustle," touted one local expert. NASCAR and motorsports are a cultural cornerstone of Charlotte.The Queen City houses Bank of America's headquarters and major offices for Wells Fargo, making it one of the largest financial hubs in the country.Population: 2,595,027Average annual salary: $55,330Quality of life: 6.1Value index: 7.1  29. Omaha, Nebraska29. Omaha, Nebraska.Esme/ShutterstockDue to a combination of Omaha's history of cattle ranching and its current landscape of bustling tech startups, the city has earned the nickname "Silicon Prairie." Plus, eight Fortune 500 companies are headquartered in Omaha, including Berkshire Hathaway, Union Pacific Railroad, and Mutual of Omaha.Young professionals and families are attracted to the city primarily for its affordability, safety, and strong economy.Population: 940,163Average annual salary: $53,050Quality of life: 6.6Value index: 7.7  28. Lincoln, NebraskaJohn Coletti/Getty ImagesLincoln is the capital city of Nebraska and home to the Cornhuskers of University of Nebraska-Lincoln. Although the city attracts thousands of college football fans and students in the fall, the low cost of living keeps people around.It's home to large tech companies – such as Hudl and Spreetail – as part of the Midwest "Silicon Prairie."Population: 333,193Average annual salary: $50,240Quality of life: 6.7Value index: 7.727. Minneapolis-St. Paul, MinnesotaSt. Paul, Minnesota.Sam Wagner/ShutterstockThe Twin Cities have "big-city amenities like museums and sports stadiums, but also have an approachable, Midwestern feel," according to a local expert. Residents are accustomed to the area's changing seasons, participating in ice fishing and cross-country skiing in the winter and music festivals and baseball games in the spring and summer.Jobs are available in science-focused fields at companies like Xcel Energy and Medtronic as well as retail corporations like Best Buy and Target.Population: 3,605,450Average annual salary: $62,560Quality of life: 6.7Value index: 7.2  26. Pittsburgh, PennsylvaniaPittsburgh, Pennsylvania.ESB Professional/ShutterstockPittsburgh is taking steps to rehabilitate its industrial reputation with increasing amounts of green spaces and state parks.Local expert Cheryl Werber also explains that more and more companies are also migrating to the Steel City, bringing exciting job opportunities to the area. Housing in Pittsburgh is also more affordable than other major cities, despite rates slowly beginning to rise.Population: 2,234,447Average annual salary: $54,300Quality of life: 6.6Value: 8.325. Nashville, TennesseeNashville, Tennessee.Scott Heaney/ShutterstockHonky-tonk culture and an entrepreneurial spirit define Nashville."A blossoming job market and an exploding entertainment scene [are] fueling an appetite (and thirst) for all things locally sourced and artisanal in craft," a local expert said. Thousands of residents work in healthcare at the area's large hospitals and research centers, small startups, and business accelerator programs.Population: 1,904,186Average annual salary: $52,170Quality of life: 6.1Value index: 6.7 24. Jacksonville, FloridaJacksonville, Florida.ShutterstockJacksonville's beach-adjacent location makes it ideal for outdoor activities. In addition to spending lazy days in the sand, residents can also visit the area's prime golf courses or go hiking, camping, and kayaking in the nearby parks. Jacksonville also continues to grow, with burgeoning art and music scenes, as well as new business development, according to a local expert.Population: 1,533,796Average annual salary: $49,940Quality of life: 6.7Value index: 6.1  23. Salt Lake City, UtahSalt Lake City, Utah.Maciej Bledowski/ShutterstockSalt Lake City might experience some of the snowiest weather in the country, but residents make the most of it through the multitude of ski resorts perched in the city's backyard. In warmer weather, residents can take advantage of Salt Lake's more than 900 acres of public parks and enjoy outdoor performances from the Mormon Tabernacle Choir in Temple Square.Population: 2,522,032Average annual salary: $52,094Quality of life: 6.8Value index: 7.0 22. Portland, OregonPortland, Oregon.Nadia Yong/ShutterstockPortland isn't for everybody — its slogan is "Keep Portland Weird," after all. But one local expert asserts that it's a "well-rounded city with more than just the offbeat shops and events" and a population that has "more academic degrees than the national average."Major employer Intel Corporation calls Portland home, as well as the headquarters for Nike, located about seven miles outside of Portland.Population: 2,472,774Average annual salary: $61,860Quality of life: 6.7Value index: 5.6  21. Albany, New YorkAlbany, New York.Sean Pavone/ShutterstockDespite the snowy winters, living in Albany comes with several advantages. Albany offers a cost of living lower than the national average and the cost of housing sits well below the rest of the US as a whole. In terms of jobs, the city's state government and health care companies are Albany's primary industries for residents there.Albany's downtown is lined with art galleries, wine shops, and churches for visitors to peruse. In keeping with the city's cold climate, hockey is the sport of choice for residents.Population: 880,766Average annual salary: $58,880Quality of life: 6.9Value index: 7.5  20. Melbourne, FloridaMelbourne, Florida.Jesse Kunerth/ShutterstockBetween fishing, boating, and a plethora of bars and restaurants, there's never a shortage of things to do in the Melbourne area. The city's ripe with retirees and "snowbirds" — people who split their time between colder climates in the summer and Florida in the winter — who can enjoy days on one of the many nearby golf courses and nights out exploring the local shops and art galleries.Population: 594,001Average annual salary: $51,740Quality of life: 7.0Value index: 6.6  19. Washington, DCWashington, DC.Sean Pavone/ShutterstockThe District's neighborhoods each give off their own vibe, but across the city residents often "gather for block parties, mingle at dog parks, and converse at coffee shops," explained a local expert. While Washington, DC, is known as a hub for politics, there's also a strong job market for education and health services.Population: 6,250,309Average annual salary: $77,210Quality of life: 7.0Value index: 5.8  18. Boston, MassachusettsBoston, Massachusetts.Sean Pavone/ShutterstockBoston attracts a diverse group of residents, including everyone from recent college graduates to retirees and musicians to engineers. The historical city — often referred to as the "Cradle of Liberty," according to one local expert — also overflows with team spirit for the Red Sox and 2017 Super Bowl champions, the Patriots.Population: 4,854,808Average annual salary: $73,850Quality of life: 7.2Value index: 5.2  17. Madison, WisconsinMadison, Wisconsin.Sean Pavone/ShutterstockWisconsin's capital is a "hotbed of the healthcare, information technology, and manufacturing industries," said a local expert. The area is also home to the University of Wisconsin at Madison, providing hundreds of jobs in education. Madison has a unique food culture that's a blend of fine dining and farmer's markets catering to the city's college students, young professionals, and families.Population: 660,212Average annual salary: $57,680Quality of life: 7.3Value index: 6.8  16. Grand Rapids, MichiganGrand Rapids, Michigan.Suzanne Tucker/ShutterstockGrand Rapids attracts "college students and young families with its healthy job market, affordable housing, and outdoor recreational activities," said a local expert. The self-proclaimed "Beer City USA" has more than 80 breweries as well as dynamic public art and music scenes.Once a hub for furniture production, Grand Rapids' job market is now dominated by education and healthcare, with many opportunities for workers without a college degree.Population: 1,069,696Average annual salary: $49,700Quality of life: 7.1Value index: 8.2  15. Boise, IdahoBoise, Idaho.Charles Knowles/ShutterstockIdaho's capital city is "a recreationalist's paradise," according to one local expert, who also said Boise sits "squarely on the boundary of urban and rural, civilized and wild, refined and raw." The region is home to more than 25,000 Boise State University students and provides jobs at government agencies as well as in tech and healthcare.Population: 730,483Average annual salary:$49,010Quality of life: 7.1Value index: 7.0  14. Des Moines, IowaDes Moines, Iowa.f11photo/ShutterstockDes Moines is drawing millennials and young families alike for its "one-of-a-kind shops, locally-owned restaurants, and hip bars" as well as its historical residences in quiet neighborhoods, said a local expert. Home to more than 80 insurance companies including giants Allied Insurance and Wellmark Blue Cross Blue Shield, the job market is thriving.Population: 690,585Average annual salary: $55,660Quality of life: 6.6Value index: 8.0 13. Austin, TexasMagalie L'AbbT/Getty ImagesThe capital of Texas gains about 150 new residents daily, many seeking out the city's "music, outdoor spaces, and cultural institutions," said a local expert.Austin is beloved for its live music scene and is host to some of the country's biggest music and culture festivals, including South by Southwest and Austin City Limits. The city was nicknamed "Silicon Hills" in the 1990s for its status as "among the top areas for venture capital investment in the country."Population: 2,173,804Average annual salary: $57,830Quality of life: 6.6Value index: 6.3 12. Naples, FloridaShutterstockNaples sits between the Everglades and the shores of the Gulf of Mexico. With its sunny beaches, fine dining, and golf courses, it attracts many older, wealthy residents, including retirees and snowbirds. Tourism and frequent development means jobs in the hospitality and construction industries dominate.Population: 379,345Average annual salary: $50,040Quality of life: 7.4Value index: 5.211. Ann Arbor, MichiganBarry Winiker/Getty ImagesHome to the University of Michigan, Ann Arbor is primarily known as a college town but is attracting more full-time residents downtown and along its outskirts. Born in the mid-1800s, the city is set among hills, with the Huron River running through it.Residents will find plenty to do outdoors throughout the year, from kayaking to ice skating. More than 90% of residents live within 10 minutes of a public park by walk, according to the Trust for Public Land.Population: 368,385Average annual salary: $59,200Quality of life: 8.0Value index: 6.510. San Francisco, CaliforniaSan Francisco, California.Travel Stock/ShutterstockA local expert described San Francisco as "the heart of the bohemian lifestyle, the epicenter of the LGBT rights movement, and the launching point of the technology era." In the last decade, thousands of tech companies have raced to set up shop in the Bay Area, sending the cost of living through the roof.But despite all the focus on the tech and startup scene, the city also has plenty of business jobs available with more than 30 international finance headquarters.Population: 4,709,220Average annual salary: $81,840Quality of life: 6.8Value index: 5.1 9. Sarasota, FloridaSarasota, Florida.Sean Pavone/ShutterstockSarasota boasts "warm temperatures year-round, award-winning beaches, and a thriving arts and cultural scene," said a local expert. The biggest employers in Sarasota are in education, trade, and transportation, and the leisure and hospitality sector touts a low unemployment rate powered by a recent increase in tourism and a flood of new residents.Population: 821,613Average annual salary:$48,180Quality of life: 7.0Value index: 6.2  8. Portland, MainePortland, Maine.Sean Pavone/ShutterstockLocated right on the water at Casco Bay and lined with cobblestone streets, Portland immediately evokes the quaintness of a much smaller town. Between fishing, sailing, cross-country skiing, and exploring the city's buzzing nightlife, there's no shortage of things to do. Seafood lovers can nosh on fresh catches at the city's modern oyster bars and or grab one of Maine's signature lobster rolls.Population: 536,314Average annual salary: $55,790Quality of life: 7.2Value index: 6.6  7. Fayetteville, ArkansasFayetteville, Arkansas.shuttersv/ShutterstockFayetteville sits among the Ozark Mountains and is home to the University of Arkansas' flagship campus. The surrounding area of northwest Arkansas is home to headquarters for seven Fortune 500 companies including Walmart and Tyson Foods.The city has experienced immense growth, according to a local expert, who said the region has evolved "from a small town to a center of higher education, culture, commerce, and entrepreneurialism."Population: 526,101Average annual salary: $50,470Quality of life: 6.8Value index: 8.3 6. Raleigh-Durham, North CarolinaRaleigh, North Carolina.Sharkshock/ShutterstockRaleigh, Durham, and Chapel Hill are collectively known as the Triangle, an area anchored by its foundation in research and tech. The Triangle employs nearly 40,000 residents at companies like IBM, SAS Institute Inc., and Cisco Systems as well as surrounding colleges Duke, North Carolina State, and the University of North Carolina at Chapel Hill.A strong job market coupled with a burgeoning microbrewery and dining scene draws new residents every day, said a local expert.Population: 1,999,253Average annual salary: $59,174Quality of life: 6.8Value index: 7.15. San Jose, CaliforniaSan Jose, California.stellamc / ShutterstockThe sprawling city of San Jose is "as much defined by its suburban neighborhoods and large tech campuses as it is by the high-rises in its business district," said a local expert. Young residents and recent graduates of nearby Stanford and UC Berkeley have no trouble finding jobs in the area, which touts Facebook, Google, and Apple as its largest private-sector employers.Population: 1,985,926Average annual salary: $93,450Quality of life: 7.6Value index: 5.5  4. Boulder, ColoradoShutterstockThere's never a shortage of outdoor fun to be had in Boulder, with more than 60 parks and 155 miles of hiking trails at residents' disposal. Downtown, locals enjoy the prominent arts scene, craft breweries, and farmer's markets. Major employers in Boulder include companies in the technology, aerospace, and bioscience industries.Population: 324,682Average annual salary: $70,450Quality of life: 7.7Value index: 5.1 3. Green Bay, WisconsinJamesBrey/Getty ImagesThe oldest settlement in Wisconsin, Green Bay used to be a key shipping center. Today, it's better known as the home of the Green Bay Packers. Residents can enjoy craft breweries and wineries, boutique shopping, museums and art galleries, and outdoor fun on trails and the Fox River.Some of Green Bay's largest employers include insurance companies like UnitedHealth Group and Humana and shipping firms like Georgia-Pacific.Population: 320,827Average annual salary: $50,020Quality of life: 7.1Value index: 8.5 2. Colorado Springs, ColoradoColorado Springs, Colorado.John Coletti/Getty ImagesColorado Springs is "booming, with new residences popping up alongside quality schools, parks, and cultural attractions," touts a local expert. The city is just an hour's drive from Denver and in close proximity to Aspen and Vail's world-class ski resorts. Military jobs influence Colorado Springs' culture and economy, but jobs are also available in medical innovation and tech.Population: 735,480Average annual salary: $55,540Quality of life: 6.4Value index: 5.7  1. Huntsville, AlabamaHuntsville, Alabama.ShutterstockThe once-sleepy town of Huntsville, Alabama, gained fame in the 1960s when it became a hub for NASA. Now Huntsville is undergoing another renaissance, with tech companies, craft breweries, and artists all flocking to the town in recent years.Huntsville is the fastest-growing city in Alabama, and residents are enjoying an emerging downtown shopping and dining scene even as the city maintains a low cost of living. If you can handle the heat and humidity, you might find yourself at home there.Population: 464,607Average annual salary: $58,730Quality of life: 6.8Value index: 8.5  Read the original article on Business Insider.....»»

Category: personnelSource: nytAug 6th, 2022

The 14 most affordable cities in the US

Many of the most affordable US cities are in the South, based on prices for housing, groceries, transportation, healthcare, and more. An American neighborhood.Getty Images Cost of living is on the rise throughout the US. As finances weigh on Americans and the pandemic reshapes our lives, many are re-thinking where they want to live. The South could provide migrating homebuyers with a more affordable cost of living. It's getting more expensive to live in the US.Due to inflation hikes, American households paid nearly $500 more in expenses in June compared to what they would have spent in 2018 and 2019.With a shift to remote work and general sense of re-prioritization during the pandemic, a lot of Americans are re-thinking where they want to live.One major factor for prospective movers is a town's cost of living and how much extra cash they'll have left over after paying their rent or mortgage."With inflation rising so aggressively and the fact that people's salaries and weekly income are not rising at the same rate, we end up with less discretionary money to spend each month,"  George Ratiu, manager of economic research at Realtor.com, said in a statement.To determine where homebuyers can get the most bang for their buck, personal finance company Kiplinger ranked America's cheapest cities.Using data from the Council for Community and Economic Research, the company measured prices for housing, groceries, transportation, healthcare, and miscellaneous goods and services. After sorting through hundreds of cities and prices, Kiplinger's researchers were able to identify the places with the absolute lowest costs of living were mostly south of the Mason-Dixon line.In states like Texas, Tennessee, and Alabama — which appear on the list multiple times — homebuyers can find several metros where they can expect a cost of living below the national average. But if the South isn't your thing, here's a full list of where you can live on a budget in the US.13. Decatur, IllinoisIllinois, United States.Getty ImagesCost of living: 16.0% below U.S. averageMetro population: 104,688Median household income: $53,725Median home value: $103,100Unemployment rate: 6.5%12. Decatur/Hartselle, AlabamaAlabama, United States.Getty ImagesCost of living: 16.1% below U.S. averageMetro population: 152,321Median household income: $51,842Median home value: $137,600Unemployment rate: 2.1%11. Jackson, TennesseeJackson, Tennesse.Getty ImagesCost of living: 16.3% below U.S. averageMetro population: 178,601Median household income: $48,146Median home value: $123,300Unemployment rate: 3.2%10. Kokomo, IndianaIndiana, United States.Getty ImagesCost of living: 16.4% below U.S. averageMetro population: 82,486Median household income: $56,387Median home value: $113,900Unemployment rate: 4.5%9. Augusta-Aiken, Georgia/South CarolinaGeorgia, United States.Getty ImagesCost of living: 16.4% below U.S. averageMetro population: 605,303Median household income: $55,049Median home value: $153,300Unemployment rate: 3.5%8. Joplin, MissouriJoplin, Missouri.Getty Images.Cost of living: 17.4% below U.S. averageMetro population: 178,816Median household income: $50,244Median home value: $126,200Unemployment rate: 3.1%7. Knoxville, TennesseeKnoxville, Tennessee.Getty Images.Cost of living: 17.7% below U.S. averageMetro population: 861,872Median household income: $56,857Median home value: $180,700Unemployment rate: 2.7%6. Anniston, AlabamaAnniston, Texas.Getty ImagesCost of living: 17.9% below U.S. averageMetro population: 114,324Median household income: $50,128Median home value: $121,600Unemployment rate: 3.4%5. Amarillo, TexasAmarillo, Texas.Getty ImagesCost of living: 19.3% below U.S. averageMetro population: 264,345Median household income: $56,055Median home value: $147,600Unemployment rate: 3.1%4. Jackson, MississippiJackson, Mississippi.Getty ImagesCost of living: 20.4% below U.S. averageMetro population: 596,287Median household income: $53,639Median home value: $148,300Unemployment rate: 3.8%3. McAllen, TexasMcAllen, Texas.Getty Images.Cost of living: 23.2% below U.S. averageMetro population: 861,137Median household income: $41,846Median home value: $90,000Unemployment rate: 7.9%2. Harlingen, TexasHarlingen, Texas.Getty ImagesCost of living: 23.4% below U.S. averageMetro population: 443,554Median household income: $41,053Median home value: $88,200Unemployment rate: 6.8%1. Kalamazoo, MichiganKalamazoo, Michigan.Getty ImagesCost of living: 24.3% below U.S. averageMetro population: 264,322Median household income: $58,836Median home value: $168,500Unemployment rate: 4.1%Read the original article on Business Insider.....»»

Category: worldSource: nytAug 6th, 2022

2 Stocks from the Struggling and Overvalued Internet Software & Services Industry

The Internet-Software & Services industry has been impacted by a decline in overall business levels as a result of the pandemic, but GLOB and VRSN are worth considering. The outlook for the Internet-Software & Services industry appears negative going by the estimate revision trend over the past year, driven largely by the pandemic. Some companies were however positively impacted by the pandemic and the rush-to-digitize trend that it gave rise to. The diversity of players in this group is the reason for this dissonance. Being the backbone of the digital economy, it’s hard to see this industry doing badly over the long term. However, the near-term outlook has deteriorated given the negative economic indicators, rising inflation and geopolitical tensions. To make matters worse, valuation remains high. Under the circumstances, none of the players look exciting, but we have picked Squarespace SQSP and Verisign VRSN for a closer look.About the IndustryThe Internet Software & Services industry is a relatively small industry primarily involved in enabling platforms, networks, solutions and services for online businesses and facilitating customer interaction and use of Internet based services. Top Themes Driving the IndustryThe overall impact of COVID has been mixed for the industry. Although it necessitated work from home for employees, the industry, being by nature tech-centric, had relatively fewer issues with this. On the other hand, business continuity concerns accelerated the shift to cloud-based working for many companies, while service providers, both work-related and otherwise, also moved to Internet-based channels. Another big segment that did humongous amounts of online business was retail. All of these moves were positive for the industry (in terms of revenue) and partially offset the negative impact of declining business at brick-and-mortar players. At least some of the positives will outlive the pandemic. In other cases, the return to physical operations is still ongoing, and hindered by new strains of the virus, inflation and other concerns. The geopolitical tensions in Europe have a bearing on oil prices and certain supply chains, and therefore, also on large segments of the economy. And most experts fear that the Fed’s actions to contain inflation are pushing us into a recession. Since any improvement in the general level of economic growth improves prospects for the industry, the current environment is contributing to the negative outlook.    The higher volume of business being operated through the cloud and the increasing demand for enabling software and services involves infrastructure buildout, which increases costs for players. This causes great fluctuations in profitability as new infrastructure is depreciated and fresh debt is serviced. So even for those players that have seen revenue growth accelerate as a result of the pandemic, profitability has remained a challenge. The current inflationary conditions are also a concern. The level of technology adoption by businesses and the proliferation of connected consumer devices that might help people connect and do business online also impacts growth. The high penetration of mobile devices among users and the pandemic-driven necessity is driving more businesses to adopt technology that they earlier stayed away from because of the cost involved. This is positive for the industry.Zacks Industry Rank Indicates Continued ChallengesThe Zacks Internet – Software & Services industry is housed within the broader Zacks Computer and Technology sector. It carries a Zacks Industry Rank #152, which places it in the bottom 40% of more than 250 Zacks classified industries. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1.The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates that while the industry is recovering from pandemic-inflicted problems, certain issues remain.The industry’s positioning in the bottom 50% of Zacks-ranked industries is because the earnings outlook for the constituent companies in aggregate continues to deteriorate. Looking at the aggregate estimate revisions, it appears that analyst confidence in the group’s earnings growth potential for 2022 has been on a more or less steady decline since last July although it has been firming in the last two months. Over the past year, the 2022 average earnings estimate is down 42.2%. The 2023 estimate is down 39%.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 valuation picture.Industry???s Stock Market Performance Is SufferingThe past year’s performance of the Zacks Internet – Software & Services Industry shows that it has lagged the broader Zacks Computer and Technology Sector, as well as the S&P 500 for most of the year. But while the discount to the S&P 500 is substantial, and especially in the last few months, it has traded closer to the sector, which hasn’t had a great run in the face of current macro concerns.The aggregate share price of the industry dropped 29.2% over the past year compared to the broader sector’s decline of 21.0% and the S&P 500’s decline of 6.9%.One-Year Price PerformanceImage Source: Zacks Investment ResearchIndustry's Current Valuation Is RichWhile many of the players are still making losses, the industry as a whole continues to generate profits. On the basis of forward 12-month price-to-earnings (P/E) ratio, we see that the industry is currently trading at 44.7X, well below its median level of 61.8X over the past year. The S&P 500’s P/E is however just 18.0X (median value over the past year is 20.2X). The industry is also overvalued compared to the sector’s forward-12-month P/E of 22.4X (below its median level over the past year).The industry has traded in the annual range of 78.0X to 41.7X, as the chart below shows.Forward 12 Month Price-to-Earnings (P/E) RatioImage Source: Zacks Investment Research2 Stocks Worth A Closer LookSquarespace, Inc. SQSP: Squarespace operates a platform that allows businesses and creators to open an online store front from where they can manage their online presence and brands including across websites and domains, e-commerce operations, marketing and scheduling. It also provides tools for managing social media presence.While the current environment isn’t ideal for a stock that facilitates online commerce and digitization, this is definitely where the world is headed and where consumers and businesses (especially the small and medium-sized organizations that are likely to require its services) will end up over the next few years. There is also a growing number that need to coordinate seamlessly their online and offline operations. Therefore, the long-term growth prospects for Squarespace are bright. Near-term challenges remain however that will likely continue to pressure the stock.Shares of this Zacks Rank #3 (Hold) company have sunk 55.1% over the past year. The Zacks Consensus Estimate for the 2022 loss per share has dropped 16 cents (64.0%) in the last 60 days. The 2023 earnings estimate has also dropped 16 cents (66.7%).Price and Consensus: SQSPImage Source: Zacks Investment ResearchVeriSign, Inc. VRSN: VeriSign provides Internet infrastructure services, including primarily domain name registry services and also infrastructure assurance services.Verisign is benefiting from a growing trend in new domain name registrations as well as price increases of up to 7% pursuant to the Third Amendment to the .com Registry Agreement with ICANN and up to 10% in the .net registrations. The steady nature of the business that is tied to digital transformation leads to relatively steady cash flows. However, like every other company, rising costs and the broader economic slowdown are also weighing on it. Competition from Google’s free public domain name service is also a concern.Shares of this Zacks Rank #3 company have dropped 8.3% over the past year. The Zacks Consensus Estimate for the 2022 and 2023 EPS is unchanged in the last 60 days.Price and Consensus: VRSNImage Source: Zacks Investment Research Free: Top Stocks for the $30 Trillion Metaverse Boom The metaverse is a quantum leap for the internet as we currently know it - and it will make some investors rich. Just like the internet, the metaverse is expected to transform how we live, work and play. Zacks has put together a new special report to help readers like you target big profits. The Metaverse - What is it? And How to Profit with These 5 Pioneering Stocks reveals specific stocks set to skyrocket as this emerging technology develops and expands.Download Zacks’ Metaverse Report 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 VeriSign, Inc. (VRSN): Free Stock Analysis Report Squarespace, Inc. (SQSP): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksAug 5th, 2022

5 Multiline Insurers to Watch as Exposure Increases, Price Rises

Better pricing, product redesigns, technological advancement along with optimistic growth outlook are expected to aid multiline insurers like MET, AIG, HIG, AIZ and RDN as the impact of the pandemic recedes. Product diversification helps Zacks Multiline Insurance industry players to lower concentration risk, ensure uninterrupted revenue generation and improve retention ratio. Better pricing, prudent underwriting, increased exposure, faster economic recovery on the receding impact of the pandemic and increased vaccinations should benefit MetLife Inc. MET, American International Group Inc. AIG, The Hartford Financial Services Group Inc. HIG, Assurant Inc. AIZ, and Radian Group RDN. Accelerated digitalization will help in the smooth functioning of the industry.The solid capital level of the multiline insurers will fuel merger and acquisition (M&A) activities. With four hikes in the interest rate this year so far and more to come in the future, investment income should improve further as insurers are beneficiaries of a rising rate environment.About the IndustryThe Zacks Multiline Insurance industry comprises companies that provide a single insurance coverage, bundling automobile, homeowner, long-term care, life and health insurance to individuals and businesses. The insured pays a single premium and is covered for many things through a single contract. These companies cover commercial and personal properties, automobiles, marine, livestock, aviation, personal accident, life, including permanent and term insurance, supplemental accident and health insurance, workers’ compensation, annuity products, private mortgage insurance, et al. The industry participants also provide risk management services. Since the companies offer single insurance coverage for multiple products, customer retention improves. The insured stands to benefit from lower premium payment compared to paying individual premiums for insuring varied products.3 Trends Shaping the Future of the Multiline Insurance IndustryDiversified portfolio lowers concentration risk:  Given the nature of the business, multiline insurers’ product and service portfolios are diversified, which lowers concentration risk. Increased awareness driving higher demand for protection products should benefit sales and premiums for life insurance operations. Continued improvement in pricing and increase in exposure should support premium growth for non-life insurance operations. Per Deloitte Insights, The Swiss Re Institute estimates an increase in demand for insurance coverage across the globe, in turn driving a 3.9% rise in premiums in 2022. Per Deloitte Insights, life insurance premium is estimated to increase 4%, while non-life insurance premium is expected to increase 3.7% in 2022.Merger and acquisitions:  Consolidation in the multi-line insurance industry would continue as players look to diversify their operations into new business lines and geographies. Buying businesses in the same lines is driven by the players’ need to gain a fair market share and grow in their niche areas. With the reopening of the economy, an optimistic growth outlook and a solid capital level of the insurers, 2021 saw 869 deals, up 40% from 620 in 2020. The total deal value surged 165% to $57.5 billion per Deloitte. With a favorable operating backdrop, the stage is set for the momentum to continue.Increased adoption of technology: Digitalization has taken a leap in the industry with the pandemic hitting hard and companies gathering strength to operate amid pandemic-induced restrictions. The industry is witnessing greater use of technology like blockchain, AI, advanced analytics, telematics, cloud computing and robotic process automation to expedite business operations and save costs.  Many life insurers have started selling policies online that appeal to the tech-savvy population. At the same time, the use of real-time data is making premium calculation easier and reducing risk. The P&C industry, in particular, also witnessed the emergence of insurtech — technology-led insurers — sparking competition for incumbent players. Moreover, the adoption of technology has helped in seamless underwriting and claims processing. Per Deloitte Insights, the technology budget is projected to increase 13.7% in 2022.Zacks Industry Rank Indicates Bright ProspectsThe group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates encouraging prospects in the near term. The Zacks Multiline Insurance industry, housed within the broader Zacks Finance sector, currently carries a Zacks Industry Rank #94, which places it in the top 37% of 255 Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1.The industry’s positioning in the top 50% of the Zacks-ranked industries is the result of a positive earnings outlook for the constituent companies in aggregate.Before we present a few multiline insurance stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock-market performance and valuation picture.Industry Underperforms Sector and S&P 500The Multiline Insurance industry has underperformed both the Zacks S&P 500 composite and its sector over the past year. The stocks in this industry have collectively lost 12.8% in the past year compared with the Finance sector’s decrease of 9.2% and the Zacks S&P 500 composite’s decline of 7.7% in the same time frame.One-Year Price PerformanceCurrent ValuationOn the basis of its trailing 12-month price-to-book (P/B), which is commonly used for valuing insurance stocks, the industry is currently trading at 1.65X compared with the S&P 500’s 5.77X and the sector’s 3.03X.Over the past five years, the industry has traded as high as 1.96X, as low as 0.84X and at the median of 1.59X.Price-to-Book (P/B) Ratio (TTM)Price-to-Book (P/B) Ratio (TTM) 5 Multiline Insurance Stocks to Keep an Eye onWe are presenting one Zacks Rank #1 (Strong Buy) and one Zacks Rank #2 (Buy) stock from the Multiline Insurance industry.  We are also presenting three stocks carrying a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank stocks here. Radian Group: Philadelphia, PA-based Radian Group is a credit enhancement company, which supports homebuyers, mortgage lenders, loan servicers and investors with a suite of private mortgage insurance and related risk-management products and services. Improvement in quality and size of mortgage insurance in force, a decline in claim payments given the strong credit characteristics of the new loans insured, maintenance of capital in compliance with regulations, and solid capital position poise it well for growth.The Zacks Consensus Estimate for 2022 earnings of this Zacks Rank #1 company indicates a 14.3% year-over-year increase. The expected long-term earnings growth rate is pegged at 5%. Radian delivered a four-quarter average earnings surprise of 29.51%. RDN has a VGM Score of B.Price and Consensus: RDNHartford Financial: This Hartford, CT-based Zacks Rank #2 company is one of the major multi-line insurance and investment companies in the country, providing investment products, group life and group disability insurance, property and casualty insurance, and mutual funds in the United States. Hartford Financial’s expanded product offerings, efforts to strengthen the commercial business, underwriting strength in products, capital appreciation and cost-curbing initiatives bode well for growth.The Zacks Consensus Estimate for 2022 and 2023 indicates a year-over-increase of 16.3% and 16.4%, respectively. The expected long-term earnings growth rate is pegged at 7%. Hartford Financial delivered a four-quarter average earnings surprise of 34.08%. HIG has a VGM Score of B.Price and Consensus: HIG American International Group: Headquartered in New York, this Zacks Rank #3 insurer provides insurance products for commercial, institutional, and individual customers in North America and internationally. Strategic business de-risking and acquisitions, cost-control efforts, and accelerated capital deployment will drive American International’s growth.The Zacks Consensus Estimate for 2022 and 2023 indicates a year-over-increase of 0.2% and 21.9%, respectively. AIG delivered a four-quarter average earnings surprise of 18.87%. American International has a VGM Score of A.Price and Consensus: AIGAssurant: Headquartered in New York, this Zacks Rank #3 company is a global provider of risk management solutions in the housing and lifestyle markets, protecting where people live and the goods they buy. A well-performing Global Lifestyle business, growth in fee-based capital-light businesses and solid capital management poise AIZ well for growth.The Zacks Consensus Estimate for Assurant’s 2022 and 2023 earnings has moved 0.2% and 0.1% north, respectively in the past 30 days and indicates a year-over-increase of 38% and 12.8%. The expected long-term earnings growth rate is pegged at 17.3%, better than the industry average of 12%. AIZ delivered a four-quarter average earnings surprise of 11.26%.Price and Consensus: AIZ MetLife: This New York, NY-based insurance-based global financial services company provides protection and investment products to a range of individual and institutional customers. MetLife’s focus on businesses with growth potential and strategies to control cost and increase efficiency bode well for growth. MET carries a Zacks Rank #3.The Zacks Consensus Estimate for 2023 indicates a year-over-increase of 19.8% and has moved up 1% in the past 30 days. The expected long-term earnings growth rate is pegged at 18.2%, better than the industry average of 12%. MetLife delivered a four-quarter average earnings surprise of 42.90%. MET has VGM Score of B.Price and Consensus: MET     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 MetLife, Inc. (MET): Free Stock Analysis Report The Hartford Financial Services Group, Inc. (HIG): Free Stock Analysis Report American International Group, Inc. (AIG): Free Stock Analysis Report Assurant, Inc. (AIZ): Free Stock Analysis Report Radian Group Inc. (RDN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksAug 4th, 2022

3 Leisure & Recreation Services Stocks to Buy Amid Industry Woes

Stocks like CZR, MSGS and SOND are likely to gain in their respective fields backed by consistent strategic partnerships and digitalization. The Zacks Leisure and Recreation Services industry has been bearing the brunt of high costs, downward revisions to U.S. first-quarter GDP and weak consumer spending. However, the optimization of business processes, consistent strategic partnerships and digital initiatives bode well for the industry. Industry players like Caesars Entertainment, Inc. CZR, Madison Square Garden Sports Corp. MSGS and Sonder Holdings Inc. SOND are likely to gain in their respective fields, owing to the aforementioned factors.Industry DescriptionThe Zacks Leisure and Recreation Services industry comprises a wide range of recreation providers such as cruise, entertainment and media owners, golf-related leisure and entertainment venue business, theme park makers, resort operators and event organizers. Some of the industry players have ski and sports businesses, while some operate health and wellness centers onboard cruise ships and at destination resorts. Some of the companies are engaged in hospitality and related businesses. A few of the industry participants also provide weight management products and services. These companies primarily thrive on overall economic growth, which fuels consumer demand for products. Demand, which is highly dependent on business cycles, is driven by a healthy labor market, rising wages and growing disposable income.4 Trends Shaping the Future of Leisure & Recreation Services IndustryCruise Operators Recovery Continues: The cruise industry has been severely impacted by the coronavirus pandemic. However, cruise operators are slowly recovering, backed by the resumption of services. However, China, which is closed to international travelers, will continue to hurt cruise operators. The cruise operators’ operations are likely to be influenced by the uncertainty related to the Russian invasion of Ukraine. Also, geopolitical developments have pushed fuel curves higher. Due to the war, most cruise operators have decided to withdraw all activity in Russia. Cash burn is hurting the companies.Slowing US Economy Remains a Concern: Investors remain highly skeptical regarding the U.S. economic growth. U.S. GDP growth contracted by 1.6% in the first quarter of 2022. On Jul 1, the latest data from Atlanta Fed showed that GDP growth is estimated to decline 2.1% in second-quarter 2022. Theoretically, an economy is said to be in recession when the GDP growth rate contracts for two consecutive quarters. Market participants remain highly apprehensive regarding economic stagflation or a possible recession as a result of an extremely hawkish Fed trying to reduce record-high inflation to near its targeted rate.Theme Park Operators & Live Entertainment Companies Bouncing Back: The theme park industry, which was rattled by the coronavirus pandemic, has been benefiting from the reopening of parks. Theme Park operators have been gaining from improving visitation. Consumer spending at theme parks has been rising. Meanwhile, live entertainment firms have been benefiting from pent-up demand for live events and robust ticket sales.Liquidity a Major Factor Amid Pandemic: Maintaining liquidity has become an arduous task for a number of industry participants in the current scenario. Most companies are cutting pay and furloughing employees. The industry players are suspending share repurchase programs and dividend payouts to improve liquidity. Supply chain disruptions due to the pandemic are likely to hurt the industry in the near term.Zacks Industry Rank Indicates Dismal ProspectsThe Zacks Leisure and Recreation Services industry is grouped within the broader Zacks Consumer Discretionary sector. It carries a Zacks Industry Rank #189, which places it in the bottom 24% of 251 Zacks industries.The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates gloomy near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.The industry’s position in the bottom 50% of the Zacks-ranked industries is the result of a negative earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are gradually gaining confidence in the group’s earnings growth potential. Since Dec 31, 2021, the industry’s loss estimates for the current year have moved south by 167.8%.Before we present a few stocks that investors can take a look at, let’s analyze the industry’s recent stock-market performance and valuation picture.Industry Underperforms the S&P 500The Zacks Leisure and Recreation Services industry has underperformed the Zacks S&P 500 composite and its sector over the past year. Stocks in the industry have collectively fallen 42.3% in the past year compared with the broader sector’s decline of 41.7%. The S&P 500 has decreased 12.2% in the said time frame.One Year Price Performance ValuationOn the basis of the forward 12-month EV/EBITDA (Enterprise Value/Earnings before Interest Tax Depreciation and Amortization), which is a commonly used multiple for valuing debt-laden leisure service stocks, the industry trades at 14.08X compared with the S&P 500’s 11.6X and the sector’s 8.24X. Over the past five years, the industry has traded as high as 191.13X and as low as 5.55X, with the median being at 10.09X, as the charts show.EV/EBITDA Ratio (F12M) Compared With S&P 3 Leisure and Recreation Services Stocks Worth Betting OnCaesars Entertainment: Caesars Entertainment is a diversified gaming and hospitality company based in Reno, NV. The company continues to benefit from robust occupancy. During first-quarter 2022, occupancy in Las Vegas reached 83%, with weekend and midweek occupancy attaining 95% and 77%, respectively. The upside was primarily driven by pent-up demand and solid booking trends. Going forward, the company is optimistic about booking trends as it is witnessing increased bookings for group and convention room nights. The company anticipates an uptrend in bookings to continue in 2022 and beyond.Shares of this Zacks Rank #2 (Buy) company have declined 59% in the past year. In the past 30 days, loss estimates for the company have narrowed to $1.20 from $1.48 per share. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Price and Consensus: CZRMadison Square Garden Sports: Based in New York, NY, the company operates as a professional sports company. The company has been benefiting from average strong consumer and corporate demand at New York Knicks and New York Rangers regular-season games at the Madison Square Garden Arena. An increase in average per-game revenues across tickets, suites and sponsorship, as well as food, beverage and merchandise per-caps, bode well.Shares of this Zacks Rank #2 company have declined 10.3% in the past year. Its earnings for fiscal 2022 are likely to increase 215.5%. The consensus mark for fiscal 2022 earnings has increased to 67 cents from break-even in the past 30 days.Price and Consensus: MSGSSonder Holdings: Based in San Francisco, CA, the company engages in the hospitality business. The company has been gaining from rising occupancy and RevPAR. During first-quarter 2022, the total portfolio of live and contracted units rose to nearly 19,300 units, up 48% year over year.Shares of this Zacks Rank #2 company have declined 90.2% in the past year. In the past 30 days, loss estimates for the company have narrowed to 59 cents from 71 cents per share.Price and Consensus: SOND  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 Caesars Entertainment, Inc. (CZR): Free Stock Analysis Report The Madison Square Garden Company (MSGS): Free Stock Analysis Report Sonder Holdings Inc. (SOND): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJul 13th, 2022

2 Top Hospital Stocks to Buy Despite Industry Headwinds

Rising supplies expense, wages and benefits, and other operating costs are lowering margins for the Zacks Medical-Hospital industry players. However, Acadia Healthcare and Pediatrix Medical are poised to win big with recovering patient volumes. The hospital operators are currently grappling with surplus supply, stiff competition, labor shortage and escalating operating expenses. Customers are deferring non-emergency medical needs due to financial stress, which in turn, is putting a lid on the Zacks Medical-Hospital industry players’ growth potential. However, resumption of non-urgent care procedures stimulated a recovery in patient volumes. The rise in outpatient surgeries and patient days is benefiting the hospital industry. Improvement in technology and utilization of telehealth services are helping hospital companies optimize utility while lowering treatment costs. Leading industry players like Acadia Healthcare Company, Inc. ACHC and Pediatrix Medical Group, Inc. MD are set to benefit from these developments.About the IndustryThe Zacks Medical-Hospital industry comprises for-profit hospital companies that provide healthcare through different types of hospitals, such as acute care, rehabilitation and psychiatric. These hospital entities are engaged in internal medicine, general surgery, cardiology, oncology, neurosurgery, orthopedics and obstetrics, telehealth services, mental health care, and diagnostic and emergency services, among others. Revenues of these companies depend on inpatient occupancy levels, the medical and ancillary services ordered by physicians and provided to patients and the volume of outpatient procedures. These hospital companies receive payments for patient services from the government under the Medicare program, Medicaid or similar programs, managed care plans (including plans offered through the American Health Benefit Exchanges), private insurers and directly from patients.4 Trends Defining the Hospital Industry's FutureRising Costs: Due to increasing supplies expense, high salaries, wages and benefits, and other operating expenses, hospital companies are witnessing a decline in the bottom line. The ongoing labor shortage created further headaches for the industry players. Investments in growth projects will keep the costs ballooning, at least in the short term. These escalating expenses can put further pressure on the margins. This might trigger renegotiation of contracts with suppliers and vendors, as witnessed in Tenet Healthcare Corporation’s THC case.Recovering Volumes: Thanks to the declining intensity of COVID-related headwinds, hospital companies are witnessing higher patient volumes and demand for elective procedures. The uptick in admissions, outpatient surgeries and other procedures will boost these companies' results. The rising patient volumes are supported by the success of vaccination among the majority of the population. Higher patient days, emergency department volumes and deferred procedures will somewhat boost the hospital companies’ revenues. However, patients delaying non-emergency medical needs due to financial constraints, as found in a survey by Discover Financial Services DFS, can be a major headwind. Per Discover Financial, 31% of Americans with medical debt are holding back from undergoing treatments recommended by the doctors.Aging Population Growth: Demand for hospital services will continue to rise in the long term as the percentage of senior people in the total U.S. population is expected to increase. Per the U.S. Census Bureau’s revised report that covered census between 2020 and 2030, individuals aged above 65 years are projected to be one of the fastest-growing segments of the U.S. population, reflecting a climb from 17% to 21%. Due to the continuous advancements in science, nutrition and healthcare, the senior population is likely to witness constant growth as the segment expected to live longer. This demographic change and the rising incidence of diseases will be an industry driver.Telehealth & Technology: The pandemic fueled the adoption of telehealth facilities in 2020 and 2021. The year 2022 is expected to see further improvement of technologies and innovations, which will support the uptake of telehealth and telemedicine services. The industry players are leveraging AI and automation along with real-time analytics to provide quality care. AI helps improve clinical workflow management and medical diagnosis that are aiding hospital companies. The companies are utilizing the virtual health domain to heighten their efficiency by limiting the patients’ waiting time and trimming their treatment costs. This should optimize hospital services, minimize unnecessary costs and enhance patient experience.Zacks Industry Rank Indicates Bearish OutlookThe group’s  Zacks Industry Rank, which is basically the average of the Zacks Rank of all member stocks, indicates dull near-term prospects. The Zacks Medical-Hospital industry, which is housed within the broader Zacks Medical sector, currently carries a Zacks Industry Rank #202, which places it at the bottom 19% of nearly 250 Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1.The industry’s positioning in the bottom 50% of the Zacks-ranked industries is a result of a negative earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are pessimistic about this group’s earnings growth potential. The industry’s earnings estimates for 2022 have decreased 7% in the past year. Given the lackluster near-term prospects, companies in the space are expected to take a hit.Before we present a couple of stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock-market performance and the valuation picture.Industry Underperforms S&P 500 & SectorThe Zacks Medical-Hospital industry has underperformed the Zacks S&P 500 composite as well as its sector in the past year.During this time period, the stocks in this industry have declined 26.8% compared with the S&P 500’s fall of 12.2% and the Zacks Medical sector’s decrease of 18%.One-Year Price PerformanceIndustry's Current ValuationOn the basis of the trailing 12-month EV/EBITDA (Enterprise Value/ Earnings Before Interest Tax Depreciation and Amortization) ratio, which is commonly used for valuing hospital stocks, the industry trades at 6.63X compared with the S&P 500’s 12.31X and the sector’s 7.76X.Over the past five years, the industry has traded as high as 8.58X, as low as 5.31X and at a median of 7.60X as the chart below shows.EV/EBITDA Ratio (Past 5 Years)2 Stocks to BuyWe are presenting two stocks with a Zacks Ranks #1 (Strong Buy) and 2 (Buy) from the Medical-Hospital industry.  You can see the complete list of today’s Zacks #1 Rank stocks here. Acadia Healthcare: ACHC provides behavioral health care services in the United States and Puerto Rico. Acadia Healthcare has been emphasizing on acquisitions for expedited growth. Buyouts added facilities, beds and hospitals to ACHC’s network and contributed to its top line. ACHC is also actively pursuing JVs with renowned healthcare systems, which is helping it expand its capabilities through bed additions. The year 2022 is likely to be its strongest year with respect to JVs as four or five facilities are expected to commence operations. The currently Zacks Rank #2 player’s moves to streamline its portfolio to boost efficiency and profitability are also praiseworthy.Acadia Healthcare expects current-year revenues in the band of $2.55-$2.60 billion, indicating an increase from the 2021 level of $2.3 billion. Adjusted EBITDA is projected to be $575-$610 million, implying an increase from $558.7 million in 2021. Adjusted earnings per share are forecast within $2.85-$3.15, calling for a rise from the 2021 level of $2.56. ACHC beat on earnings twice in the last four quarters, met the mark once and missed estimates on another occasion, the average surprise being 4.4%. Shares of ACHC have jumped 7% in the past month.Price & Consensus: ACHCPediatrix Medical: Operational excellence, inorganic growth via strategic acquisitions and a strong segmental performance are boosting Pediatrix Medical’s performance. It is expanding telehealth services to ensure access to healthcare even when patients stay at home. Given the current situation and easy access, we expect this business line to generate high profits. MD is expected to boost its services across maternal-fetal medicine, neonatology and obstetrics, and 18 pediatric subspecialty offerings. Rising patient volumes will boost MD’s profit levels in the coming days.MD expects revenues of $2 billion in 2022, indicating a 4.7% increase from the 2021 reported figure. It anticipates adjusted EBITDA at a minimum of $270 million, suggesting 1.7% growth from the 2021 figure. Pediatrix Medical beat on earnings in each of the last four quarters, the average being 18.5%. Shares of MD have rallied 17.1% in the past month. MD currently sports a Zacks Rank #1.Price & Consensus: MD 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 Acadia Healthcare Company, Inc. (ACHC): Free Stock Analysis Report Discover Financial Services (DFS): Free Stock Analysis Report Tenet Healthcare Corporation (THC): Free Stock Analysis Report Pediatrix Medical Group Inc. (MD): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJul 10th, 2022

I wanted to rent forever. But buying a home didn"t just improve my life — it boosted my career and savings.

Renting allowed author Jules Rogers to invest, move for career opportunities, and not be tied down. But she learned owning a home has benefits too. Andy Pham/Opt Real Estate My husband and I moved a lot for our careers, and I never thought we would buy a home. Then the pandemic hit, and we decided to settle down.  Here's how and why we bought an affordable home in Portland, Oregon. Before 2020, my husband and I never planned to buy a house. We moved around for our careers, and we intended to invest in multifamily real-estate funds and rent in different places as needed.But no one can predict the market, and life changes fast. We ended up pivoting and buying an urban condo in Portland's Southwest Hills, closing at a 3.9% interest rate. My husband and I used to change jobs every two years or so, traveling to different cities and states for work. We rented in convenient or trendy locations in charming historic areas or brand-new apartment buildings. We were having fun moving around nearly every year, and investing in things like our cars and various retirement accounts.That started to shift when the pandemic hitI launched my independent freelance journalism business in fall 2019 and had already begun transitioning to working from home before then.After living in Texas for a stint, my husband and I moved back to Oregon. My husband works as a salesman and started selling bulk ingredients for an international hemp company  — something not easily done from Texas due to stricter cannabis laws.I received a phone call at the end of 2021 from a publisher at my favorite local newspaper, where I'd been a reporter years before. They'd lost a star reporter and wanted to reorganize the newsroom, bringing me back on as the associate editor.Combined with the Great Resignation and the closure of many local newsrooms, I took the gig to help save local news while continuing to operate my freelance business.My husband and I both started working full-time from our one-bedroom apartmentI set up my office in the dining area while he worked on his laptop at the counter. Sometimes, one of us would work from the couch or make calls from the single bedroom.He told me he loves his job, and I realized I do too. I have stability from a full-time income and the flexibility of writing for additional clients as much as I like, nearly all of which are completely mobile.However, salesmen and journalists both make a lot of calls.It wasn't working in our apartment anymoreJust a year prior, we'd been perfectly happy in a studio. But for the first time, we had reason enough to stay in one place and were able to maintain mobile flexibility with our careers. The trend toward remote work clinched the idea of transitioning to a condo more permanently. When we do change jobs next, we can choose to work from home from most places now. We started looking for two-bedroom homes. Rent was going up nearly 30% at our one-bedroom location in the highly-ranked Lake Oswego, even though the place suffered from mold. Newer studios could cost upward of $2,000 per month, and homes with an extra bedroom for an office are easily $3,600 in the Portland area.At the time, interest rates were historically lowThere were two-bedroom condos on the market that were nicer and had lower monthly payments than a two-bedroom apartment, even including the HOA fees.We got preapproved for a home loan and started seriously looking at open houses. We looked from the suburbs to the downtown core of Portland, scouring listings from every neighborhood. We wanted to make sure the property would be a good investment for us, as well as a good place to live.In the end, we decided on an urban townhome-style condo. The suburbs had more competition and higher prices, and a modest condo allows us to keep plenty of funds available for diverse investing — one main reason we were shy to buy a primary residence earlier. Buying a condo instead of a house also allows us to live in the nice neighborhood of Southwest Hills, because it was cheaper than a similarly nice single-family home.Make sure you know what you need in a homeWe decided to not look for a two-bedroom condo, but instead a place with at least one closing door that could be used as an office. We also wanted 1.5 bathrooms and a minimum of two parking spots, including one covered garage.Then, we took stock of where we could compromise. This was key in winning a bid against Boomer bidders.The first compromise was stairs. Condos with elevators can easily have HOAs in the $1,000 to $1,200 per month range. Our HOA is less than half that because we decided we were OK with hoofing it up to the third floor. Every day is leg day!We also decided to conduct our search during the winter. There's less competition, but also less inventory. It worked for us.We put in three offers total and won two of them, although the first fell through. We originally secured an interest rate at 3.2% but lost it, finally closing on the third condo at 3.9%. Because it was a conventional loan on a condo specifically, it's a little higher than the interest rate people buying single-family houses pay.We love the little 2001 condo we decided onIt has some custom updates already installed and room for more renovation projects. It's affordable but not a 100-year-old fixer upper that's never been updated, which are common on the market around Oregon. It's also a top-floor, townhome-style corner unit, so we only share one wall with three sides of windows, and we're above only one other neighbor. Across three buildings, there are 11 units in our HOA.For us, that means we can walk to the Saturday Market and even rent it out to students or use it as an Airbnb in the future.It's a lot more conventional than our original plan, which was to invest straight into multifamily real-estate funds. But with the historically low interest rates and rising rent, it made sense to invest in a primary residence condo first.We're betting on downtown revitalization and putting our money and hearts back into the city that we love and have chosen — a least a little more permanently — to call home.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderJul 5th, 2022

3 Broadcast Radio & TV Stocks to Watch in a Prospering Industry

Radio and television broadcast companies, Warner Bros. Discovery (WBD), Fox Corporation (FOXA), and Gray Television (GTN) are benefiting from higher content consumption and increased digital viewing despite intensifying competition for ad dollars. The Zacks Broadcast Radio and Television industry has been benefiting from rising demand for streaming content amid an increasing rate of cord-cutting. Industry participants like Warner Bros. Discovery WBD, Fox Corporation FOXA and Gray Television GTN are benefiting from a huge spike in digital content consumption. Diversified content offerings, which are original, regional, short and suitable for small screens (smartphones and tablets), improved Internet speed and penetration, and technological advancement are benefiting the industry participants. As monetization and revenues in terms of ad-spend continue to be subdued, profit protection and cash management with greater technology integration have gained strategic significance and are expected to aid these companies in driving the top line in the near term.Industry DescriptionThe Zacks Broadcast Radio and Television industry comprises companies offering entertainment, sports, news, non-fiction and musical content over television, radio and digital media platforms. These companies majorly derive revenues from the sale of television and radio programs, advertising slots as well as subscriptions. Notably, these industry players are increasing their spending on research and development as well as sales & marketing in order to stay afloat in an era of technological advancements with increased demand for VR and Internet Radio among audiences. The industry is likely to remain focused on sustenance at current levels along with a renewed emphasis on flexibility, which would accelerate the move to a variable cost model and reduce fixed costs.4 Broadcast Radio and Television Industry Trends to Watch Out ForShift in Consumer Preference a Key Catalyst: To adapt to the changes in the industry, companies are coming up with varied content for over-the-top (OTT) services in addition to linear TV. Additionally, they are adding OTT services to their content portfolios. The availability of streaming services on a wide range of platforms is helping such services easily reach a global audience. It is also helping them to expand their international user base, which in turn, attracts advertisers to their platforms, thereby boosting ad revenues. Moreover, the use of services to help advertisers measure their ROI and enhance their use cases is expected to benefit advertisers and industry participants. Also, major leagues and events such as NFL, NHL, Olympics, European Games, EPL and elections attract significant ad dollars. The recent resumption of live sports events after delays and cancellations over the past year is expected to boost advertiser demand.Increased Digital Viewing Aids Content Demand: Many industry participants who are either launching their own OTT services or acquiring other OTT services are banking on user insights to deliver the right content. Increased digital viewing is making consumer data easily available to companies, thereby allowing them to apply AI and machine-learning techniques to create/procure targeted content. The move not only boosts user engagement but also lets industry participants raise the prices of their services at an appropriate time without the fear of losing subscribers.Coronavirus Hurts Production and Ad Demand: Industry participants are bearing the brunt of coronavirus-induced macroeconomic woes. Advertising is a major source of revenues for this industry, which has been badly hit by the coronavirus. Recovering yet low ad demand and reduced spending are expected to hurt the top line in the near term. Moreover, the industry players are facing stiff competition from tech and social media companies for ad dollars. This has been a major impediment to growth.Low-Priced Skinny Bundles Hurt Revenues: Increase in cord-cutting has forced industry participants to offer “skinny bundles.” These services, which are available through the Internet, often contain fewer channels than a traditional subscription and therefore are cheaper. The move is in line with changing consumer viewing dynamics as growth in Internet penetration and advancements in mobile, video and wireless technologies have boosted small-screen viewing. The alternative services are expected to keep users glued to their platforms, thereby increasing the need to produce more content. However, the low-priced skinny bundles are likely to dampen top-line growth.Zacks Industry Rank Indicates Bright ProspectsThe Zacks Broadcast Radio and Television industry is housed within the broader Zacks Consumer Discretionary sector. It carries a Zacks Industry Rank #92, which places it in the top 37% of more than 250 Zacks industries.The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates encouraging near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1.The industry’s position in the top 50% of the Zacks-ranked industries is a result of a positive earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are optimistic on this group’s earnings growth potential.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 valuation picture.Industry Lags Sector and S&P 500The Zacks Broadcast Radio and Television industry has underperformed the broader Zacks Consumer Discretionary sector and the S&P 500 Index over the past year.The industry has declined 57.8% over this period compared with the S&P 500’s decline of 12.8% and the broader sector’s decline of 42.4%.One Year Price PerformanceIndustry's Current ValuationOn the basis of trailing 12-month EV/EBITDA (Enterprise Value/ Earnings before Interest Tax Depreciation and Amortization), which is a commonly used multiple for valuing Broadcast Radio and Television stocks, the industry is currently trading at 16.52X versus the S&P 500’s 12.19X and the sector’s 9.17X.Over the past five years, the industry has traded as high as 41.9X and as low as 16.13X, recording a median of 30.23X, as the chart below shows.EV/EBITDA Ratio (TTM)3 Broadcast Radio and Television Stocks to WatchGray Television: Headquartered in Atlanta, GA, this Zacks Rank #1 (Strong Buy) company’s local stations are quite popular among political ad buyers. Notably, post the Raycom acquisition, Gray reached almost 36% of the U.S. population in 113 markets, operating more than 150 Big Four affiliated stations. You can see the complete list of today’s Zacks #1 Rank stocks here. In the first quarter of 2022, the company’s core advertising revenues increased 40% year over year and retransmission consent revenues increased 59% year over year. The company has also been witnessing a big surge in political advertising revenues, which increased 189% year over year in the first quarter.The Zacks Consensus Estimate for 2022 earnings has remained steady at $5.27 per share over the past 60 days. Grey Television’s shares are down 16.2% year to date.Price and Consensus: GTNFox: This New York-based company is riding on the growing demand for live programming. The robust adoption of Fox News and Fox Business Network (FBN) is expected to drive the user base in the near term. This Zacks Rank #3 (Hold) company generates a major portion of advertising revenues from live programming, which is relatively immune to the rapidly intensifying competition from subscription-based video-on-demand services.Moreover, recovering ad spending in the local advertising market, affected by the coronavirus outbreak, is a major positive for Fox. Also, increasing affiliate-fee revenues are expected to drive Fox’s top line.The Zacks Consensus Estimate for Fox’s fiscal 2022 earnings has declined 0.7% to $2.81 per share over the past 60 days. The stock is down 12.9% year to date. Price and Consensus: FOXAWarner Bros. Discovery: This Zacks Rank #3 company’s expanding direct-to-consumer offerings are driving top-line growth.Expanding sports coverage based on partnerships with the likes of PGA TOUR, Tiger Woods and Olympics is a major growth driver for Discovery. Further, recovery in advertising spending, primarily in the international markets, is a major positive.Markedly, the stock has declined 43% year to date. Notably, the Zacks Consensus Estimate for its 2022 earnings has remained steady at $1.51 per share over the past 30 days.Price and Consensus: DISCA 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 Warner Bros. Discovery, Inc. (WBD): Free Stock Analysis Report Fox Corporation (FOXA): Free Stock Analysis Report Gray Television, Inc. (GTN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJul 1st, 2022

A step-by-step guide for moving to Canada and becoming a citizen there

Becoming a Canadian citizen requires language, history, and physical residency requirements. Here are the factors you need to consider. Canadian Prime Minister Justin Trudeau assumed office on November 4, 2015.Chris Wattie/Reuters Some Americans are talking about moving to Canada after the Supreme Court overturned Roe v. Wade. The Canadian government has a handy tool that helps you figure out if you're eligible to become a permanent resident. Becoming a Canadian citizen is difficult with many factors to consider, such as language, history, and residency rules.  Visit Business Insider's homepage for more stories. After the Supreme Court overturned Roe v. Wade, some Americans are considering moving to CanadaGoogle searches for "How to move to Canada from US" spiked by more than 850% following the decision that overturned the 50-year-old landmark ruling that legalized abortion nationwide.Citing Simon Rogers' Google Trends newsletter, Axios reported that searches for "How to become a Canadian citizen" also rose by 550%.If the Supreme Court's ruling has you thinking about making a move to the US's northern neighbor, it is theoretically possible — but certainly not easy — to move to Canada.Becoming a Canadian citizen is tough. You need to first be a permanent resident and have lived in Canada for three out of the last five years, among other requirements.For those who actually want to head up north, here's how you become a permanent resident and citizen of Canada.Preface: Make sure you're not already a Canadian citizen.The quiz asks about your parents, where you were born, your marriage status, and more.Shaun Best/ReutersBefore you go through the hassle of applying for citizenship or permanent residency, take a short quiz to see if you may already be Canadian.The government outlines several caveats for being a citizen even if you weren't born there, many of which depend on your parents' citizenship. Maybe you secretly inherited their status at some point along the way. Be at least 18 years old.Rules for minors are more stringent.John Moore/GettyIf you're not a legal adult, you've got an uphill climb ahead of you.To become a citizen, minors need their parent or legal guardian to fill out the application for them, they need to already be permanent residents in Canada, and the parent must either be a citizen or apply to become one at the same time. Become a permanent resident.There are approximately 321,000 permanent residents residing in Canada.Malcolm HasmanThe Canadian government created a handy tool to help you figure out if you're eligible to be a permanent resident, which is required to become a Canadian citizen. There are several avenues available to becoming a permanent resident. For example, you can apply through a specific province, go down a special entrepreneur route, get help from a family member or spouse who lives in Canada or go through Quebec, which has special immigration requirements.Permanent residents are entitled to healthcare coverage and can work, study, and travel anywhere in Canada. You just can't vote, run for office, or hold some jobs with top security clearance.If you're a skilled worker, consider Canada's Express Entry system.Canada launched its Express Entry system in 2015.Thomson ReutersCanada has a fast-track system for immigration called Express Entry. It's how skilled workers transition into a new role in the country.All applicants into Express Entry are given specific scores based on their talents and job prospects and then ranked with other applicants. Those at the top of the rankings are invited to become permanent residents.Declare your intent to reside.Someone who resides in Canada temporarily, like a student or foreign worker, is not a permanent resident.Justin Sullivan / Getty ImagesIf you're invited to become a permanent resident, you must confirm your plans to stay Canadian. If you don't spend that much time within the borders, you could lose your permanent residence status and your chance to become a citizen.If you don't live in Canada, you must work outside Canada as a public official known as a Crown Servant or live abroad with certain family members who are Crown Servants.Spend enough time physically present in Canada.You have to prove that you've been in the country for a long enough period of time in order to become a citizen.Jesse33 / Shutterstock.comPermanent residents don't always become citizens. The bar for citizenship is higher.If you're living in Canada, you must have been a permanent resident and physically present in Canada for at least 1,095 days during the five years right before the date you sign your application. In other words, your time in Canada needs to stay relatively consistent.Provide your income tax filing.Canadian officials require applicants to submit a few financial documents.Canadian Finance BlogLike the residence requirement, you must be able to provide three years' worth of tax returns in the five-year period leading up to the date of your application.Basically, they want to see if your job is legit.Speak English or French.As long as you're proficient in English or French, this step should not be an issue.ShutterStockAlong with dozens of other countries, Canada has two official languages: English and French.To become a citizen, you need to know just one. You don't need to be fluent, just conversational enough to make small talk, give directions, use basic grammar, and know your vocab well enough to describe yourself.You'll send along written documents with your application, but a citizenship officer will make the final call whether your English or French is up to snuff.Know a thing or two about Canada.There's a Canadian culture test, so study up.Wikimedia CommonsYou should probably brush up on your Canadian history anyway, but the government issues a formal quiz to applicants on the history, values, institutions, and symbols of Canada.You take the test if you're between 16 and 64 years old. Typically, it's a written test, but the citizenship officer may also ask questions orally.There are no real surprises. Everything you'd need to know can be found here: Discover Canada: The Rights and Responsibilities of Citizenship.Know why your application might get denied.It takes several months to hear back about your application.Reuters/Carlo AllegriThere are a number of reasons your past may prohibit you from becoming a Canadian citizen.For instance, the government looks down upon granting citizenship to people who have committed a crime within four years of submitting their application or are on trial for a crime.Invest in durable clothes for your local climate.Canada is a big place, so make sure you know what type of clothes to bring!Getty/Jan HetfleischCanada is the second-largest country on earth by total area, behind Russia. As such, there is no singular "Canadian climate," even if people may think it's just cold most of the time.Depending on how close you live to the British Columbian coast, for example, spring can begin as early as February and summer temperatures can rise into the 90s.So if you're looking for places to take up permanent residence, research what the weather's like. You won't waste money or space buying unnecessary items.Take advantage of the customs of your new life.From great hockey to maple syrup, there's a lot of culture in Canada to absorb.Bruce Bennett/Getty ImagesNow that you've left your home country behind, embrace what makes Canada unique.Many Canadians express deep fondness for Tim Hortons, quirky slang, celebrity ambassadors, and hockey.No one will expect you to dive headfirst into this new world, but if you want to become a genuine citizen, formal requirements are only the start.Chris Weller contributed to an earlier version of this post. Read the original article on Business Insider.....»»

Category: personnelSource: nytJun 25th, 2022

5 Top Stocks to Buy on Robust Wood Industry Trends

The Zacks Building Products - Wood industry is gaining from higher demand arising from home improvement activities and the export market. Industry players WY, RYN, LPX, UFPI and BCC are set to gain the most from the demand surge. The Zacks Building Products – Wood industry is expected to benefit from higher demand across export markets, accelerated repair and remodel (R&R) activity and more funding for carbon/ESG-related projects despite continuous supply-chain woes and lower lumber prices. In addition, inorganic and prudent cost-containment moves should lend support to industry players like Weyerhaeuser Company WY, Rayonier Inc. RYN, Louisiana-Pacific Corporation LPX, UFP Industries, Inc. UFPI and Boise Cascade Company BCC.Industry DescriptionThe Zacks Building Products – Wood industry includes forest product companies and manufacturers of lumber as well as other wood products that are used in home construction, repair and remodeling along with the development of outdoor structures. Companies in the industry design, manufacture, source, and sell flooring products like tile, wood, laminate, vinyl, and natural stone flooring products as well as decorative and installation accessories. The industry players are also involved in the manufacturing and distribution of wood and plastic composite products along with related accessories, mainly for residential decking and railing applications. The industry also includes timberland real estate investment trusts or REITs.3 Trends Shaping the Future of Building Products - Wood IndustryHigher Export Market Demand, More Spending on Carbon/ESG Projects & Repair & Remodeling Markets: The industry participants have been experiencing higher demand across export markets owing to the combination of diverse factors. For example, shipping and logistics challenges are pushing up the demand for North American logs in Japan. Again, trade limitations have impacted the import of Australian logs in China. Meanwhile, the Russia-Ukraine war has led to the ban of log exports from Russia. Overall, this tightening global wood market is proving conducive for some of the industry participants. Meanwhile, the companies are experiencing higher funding for carbon/ESG-related projects to pursue carbon capture and storage work. The industry’s prospects are highly correlated with the U.S. housing market conditions. Although the slowing housing market and the pandemic-related challenges are creating hurdles, the repair and remodeling or R&R market (considered one of the largest in terms of lumber demand) has been going strong. Currently, lower lumber prices are creating an opportunity to perform renovations or DIY projects, thereby aiding the wood industry participants. Also, increased government spending on infrastructure projects bodes well.Acquisitions, Product Innovation & Efficient Cost-Reduction Strategies: The companies also bank on acquisitions and divestitures to expand as well as improve portfolio quality. New products continue to be an important top-line driver for the industry players. Also, efforts to introduce products are likely to have helped the players. Again, in a bid to reduce costs, companies have been reducing the cost structure of their facilities through Lean Six Sigma efforts, sale or shutdown of underperforming units and manufacturing facilities as well as investments in technology. Also, the industry players have been focusing on operational excellence, comprising merchandising for value, harvest, and transportation efficiencies, and flexing harvest to capture seasonal and short-term opportunities.Rapid Lumber Market Swings & Supply Chain-Related Challenges Weigh on Margins: Historically, volatility in lumber prices has been a major concern for the wood industry. Any unusual rise in the cost of lumber products sold by primary producers increases the cost of inventory and limits margins on fixed-priced lumber products. Yet, a decline in costs eats into profits as products sold are indexed to the current lumber market. Meanwhile, the timberland business is governed by federal rules and state forestry commissions, which are subject to frequent changes, thereby affecting businesses. Further, due to the very nature of their properties, timberland REITs are required to follow eco-friendly mandates in their trade. Furthermore, the companies have been experiencing supply chain challenges and higher freight and transport costs. For example, resin unavailability is posing quite a challenge. The industry participants use a significant quantity of various resins in the manufacturing processes. Resin product costs are influenced by changes in the prices or availability of raw materials used to produce resins, primarily petroleum products, and the demand and availability of resin products.Zacks Industry Rank Indicates Bright ProspectsThe Zacks Building Products – Wood industry is an 11-stock group within the broader Construction sector. The Zacks Wood industry currently carries a Zacks Industry Rank #35, which places it in the top 14% of more than 250 Zacks industries.The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates impressive near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.The industry’s positioning in the top 50% of the Zacks-ranked industries is a result of a positive earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are gradually gaining confidence in this group’s earnings growth potential. Since April 2022, the industry’s earnings estimates for 2022 have been revised upward to $4.06 per share from $3.71.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 valuation picture.Industry Outperforms Sector & S&P 500The Zacks Building Products – Wood industry has outperformed the broader Zacks Construction sector and the Zacks S&P 500 composite over the past year.Over this period, the industry has lost 8.5% compared with the S&P 500 and the broader sector’s 9.8% and 18.8% decline, respectively.One-Year Price PerformanceIndustry's Current ValuationOn the basis of the forward 12-month price-to-earnings ratio, which is a commonly used multiple for valuing wood stocks, the industry trades at 12.62X versus the S&P 500’s 16.19X and the sector’s 9.93X.Over the last five years, the industry has traded as high as 40.25X, as low as 12.62X and at a median of 23.42X, as the chart below shows.Industry’s P/E Ratio (Forward 12-Month) Versus S&P 500 5 Wood Stocks to Buy NowWe have selected five stocks from the Zacks universe of wood stocks that currently carry a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. Weyerhaeuser: Based in Seattle, WA, this company is one of the world's largest private owners of timberlands. Its focus on operational excellence is expected to drive growth. Again, more home improvement and R&R markets activities are raising hopes. Focus on operational excellence and efforts to boost financial flexibility enabled it to generate solid cash flow and strengthen the balance sheet. Weyerhaeuser remains optimistic about its performance despite persistent supply-chain issues, the recent uptick in mortgage rates and ongoing affordability concerns in the housing market, given favorable demographics, and a decade of underbuilding and historically low inventory for new and existing homes.Weyerhaeuser, a Zacks Rank #1 stock, has dropped 1.9% over the past year. Yet, WY has seen an 18.5% upward estimate revision for 2022 earnings over the past 60 days. The positive estimate revisions depict analysts' optimism over the company’s prospects.Price and Consensus: WYBoise Cascade Company: Based in Boise, ID, this Zacks Rank #2 company makes wood products and distributes building materials in the United States as well as Canada. Boise Cascade’s Building Materials Distribution and Wood Products segments are gaining strength from strong end-product demand (particularly for EWP) as well as higher commodity product prices. It has also been increasing commodity offerings that will instill growth in the existing markets, underserved markets and across its entire national footprint.Importantly, Boise Cascade — which has gained 12.6% in the past year — has seen a 22.3% upward estimate revision for 2022 earnings over the past 60 days.Price and Consensus: BCCLouisiana-Pacific Corporation: Headquartered in Nashville, TN, this company manufactures building products, primarily for use in new home construction, R&R as well as outdoor structure markets. Strong Siding Solutions (formerly known as SmartSide) revenues and an increase in OSB pricing will boost Louisiana-Pacific’s bottom line despite the ongoing headwinds from raw material prices and availability. Operational efficiency and cost-containment efforts are also encouraging.Louisiana-Pacific currently carries a Zacks Rank #2. LPX’s shares have lost 3.1% in the past year. Nonetheless, the consensus estimate for 2022 earnings has witnessed an upward revision of 14.2% in the past 60 days. Price and Consensus: LPXRayonier: Jacksonville, FL-based Rayonier is a leading pure-play timberland REIT. With a solid portfolio of timberlands in some of the most productive timber-growing regions of the Southern United States, Pacific Northwest and New Zealand, this company remains well-positioned to capitalize on higher demand trends, thereby improving export market conditions and leading to a favorable pricing environment. It also remains focused on adding high-quality timberlands to its portfolio through acquisitions.The consensus estimate for Zacks #2 Ranked Rayonier’s 2022 earnings has witnessed an upward revision of 4.8% in the past 30 days. The stock has gained 6.3% in the past year.Price and Consensus: RYNUFP Industries: Headquartered in Grand Rapids, MI, UFP Industries supplies wood, wood composite and other products in retail, industrial, and construction markets. An increase in home improvement activity resulting from stay-at-home orders has been benefiting UFP Industries’ Retail segment. Expansion of the product portfolio through acquisitions and product innovations is also noteworthy.This Zacks Rank #2 stock has dropped 7.2% in the past year. Nonetheless, UFP Industries’ 2022 earnings are expected to grow 16.1%. Price and Consensus: UFPI Free: Top Stocks for the $30 Trillion Metaverse Boom The metaverse is a quantum leap for the internet as we currently know it - and it will make some investors rich. Just like the internet, the metaverse is expected to transform how we live, work and play. Zacks has put together a new special report to help readers like you target big profits. The Metaverse - What is it? And How to Profit with These 5 Pioneering Stocks reveals specific stocks set to skyrocket as this emerging technology develops and expands.Download Zacks’ Metaverse Report 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 Weyerhaeuser Company (WY): Free Stock Analysis Report UFP Industries, Inc. (UFPI): Free Stock Analysis Report LouisianaPacific Corporation (LPX): Free Stock Analysis Report Rayonier Inc. (RYN): Free Stock Analysis Report Boise Cascade, L.L.C. (BCC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJun 17th, 2022

3 Stocks to Watch From the Promising Outsourcing Space

The Zacks Outsourcing industry seeks to benefit from the coronavirus-driven dependency on technology and accelerated adoption of cloud infrastructure. ADP, PAYX and G are well-positioned to witness the surge in demand. Increased adoption of cloud computing and other emerging technologies, operational efficiency and reduced expenses in the wake of the coronavirus crisis-induced work-from-home wave have been driving competitive advantage besides increasing innovation and speed to market. These factors bode well for the Zacks Outsourcing industry.Automatic Data Processing, Inc.ADP, Paychex, Inc. PAYX and Genpact Limited G are some stocks that are likely to gain from the abovementioned industry trends. However, rising data security issues, thanks to increased dependency on technology, are concerns for the industry.Industry DescriptionOutsourcing is the practice of transferring control of certain operations, services or processes, previously done by the company’s internal staff and resources, to external resources or third-party contractors to improve operating efficiency by focusing on core business competencies. The Zacks Outsourcing industry comprises companies engaged in providing human capital management solutions, business management solutions and information technology solutions for human resource, payroll, benefits, and retirement and insurance services to small- and medium-sized businesses. Some industry participants also provide business process services with capabilities in transaction-intensive processing, analytics and automation in the United States and abroad.What's Shaping the Future of the Outsourcing Industry? A Healthy Demand Environment: Increasing demand for expertise in improving efficiency and reducing costs has benefited the industry over the past several years. The industry has witnessed growth in revenues, income and cash flow over the past few years, enabling most players to pursue acquisitions and other investments, and pay out stable dividends.Rising Dependency on Technologies: Most of the industry participants are also considering emerging technologies such as cloud computing to drive competitive advantage, increase innovation, improve speed to market and drive performance within the industry. The wider application of artificial intelligence (AI) is expected to be the biggest change induced by the pandemic. The adoption of AI should lower complications and simplify operations. This should aid the industry.Notably, industry players are in the process of modernizing their traditional legacy-oriented business processes in order to keep themselves flexible in any kind of operating environment.Growing Security Issues and Remedies: COVID-led increased dependency on technology has led to growing cases of hacking, identity theft and malicious payload deliveries. With work-from-home models being the new-normal professional scenario, remote infrastructure vulnerabilities and security gaps are being exploited to secure unauthorized access to proprietary systems and data.As a preventive measure to enhance data security and ensure cyber-resilience, increased implementation of secure access technologies such as VPNs, two-factor authentication and other ID and access-management controls for home workers, as well as increased monitoring and threat-detection tools, are being used. Outsourced service providers are also updating organizational policies (including Bring Your Own Device and work-from-home policies) and data breach protocols in order to reduce security risks. Adequate training of employees about emerging threats and data security issues is also being prioritized by several companies.Zacks Industry Rank Indicates Encouraging ProspectsThe Zacks Outsourcing industry, which is housed within the broader Zacks Business Services sector, currently carries a Zacks Industry Rank #49. This rank places it in the top 19% of more than 250 Zacks industries.The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all member stocks, indicates continued outperformance in the near term. Our research shows that the top 50% of Zacks-ranked industries outperform the bottom 50% by a factor of more than two to one.The buy-side analysts covering the companies in this industry have been increasing their estimates. Over the past year, the industry’s consensus earnings estimate for the current year has increased 5.8%.Before we present a few stocks that investors can buy or retain given their growth prospects, let’s take a look at the industry’s recent stock market performance and current valuation.Industry Outperforms Sector and S&P 500The Zacks Outsourcing industry has outperformed the broader Zacks Business Services sector as well as the Zacks S&P 500 composite over the past year.The industry has gained 2.5% over this period against a 56% decline of the broader sector and 10.9% loss of the Zacks S&P 500 composite.One-Year Price PerformanceIndustry's Current ValuationOn the basis of forward 12-month price-to-earnings (P/E), which is commonly used for valuing outsourcing stocks, the industry is currently trading at 22.63X compared with the S&P 500’s 16.19X and the sector’s 22.69X.Over the past five years, the industry has traded as high as 28.89X, as low as 17.89X and at the median of 23.48X, as the charts below show.Forward 12-month Price-to-Earnings (P/E)3 Outsourcing Stocks to Keep a Close Eye OnWe are presenting three stocks that are well-positioned to grow in the near term. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Automatic Data Processing: This Zacks Rank #2 (Buy) New Jersey-based company provides cloud-based human capital management solutions worldwide. Amid a challenging scenario, Automatic Data Processing remains strong, backed by its momentum in sales, client satisfaction and client retention. Higher operating revenues and effective cost-containment measures have helped the company improve its margin performance. The company continues to enjoy a dominant position in the human capital management market through strategic buyouts like Celergo, WorkMarket, Global Cash Card and The Marcus Buckingham Company. It has a strong business model, high recurring revenues, good margins, robust client retention and low capital expenditure.Further, ADP has raised its fiscal 2022 outlook. The company now expects revenues to register 9-10% growth compared with the prior-expected growth rate of 8-9%. Adjusted EPS is now expected to register 15-17% growth compared with the prior expected growth rate of 12-14%. The company now expects Employer Services revenues to grow at a rate of about 7% compared with the prior-expected growth rate of about 6%. PEO Services revenues are expected to grow at a rate of 14-15% compared with the prior growth rate of 13% to 15%.The Zacks Consensus Estimate for ADP’s 2022 EPS has moved up 2.2% in the past 90 days. ADP’s shares have rallied 33.5% over the past year.Price & Consensus: ADP Paychex: This Zacks Rank #3 (Hold) New York-based provider of integrated human capital management solutions recently declared a dividend hike of 20%, thereby raising its quarterly cash dividend from 66 cents per share to 79 cents. The dividend will be paid out on May 26 to shareholders of record as of May 12, 2022.Despite the impact of the COVID-19 pandemic, the company continued to enjoy higher revenues per client, resulting from improved price realization, growth in client base across HCM, and ancillary products resulting from strong sales performance and high levels of retention, besides improved market conditions on asset-based revenues for retirement services, and increase in funding for temporary staffing clients. An increase in the number of average worksite employees, impact of an increase in average wages per worksite employee, higher revenues on state unemployment insurance and rise in PEO health insurance revenues act as other tailwinds. Acquisitions have expanded Paychex's customer base and generated cost and revenue synergies. Consistency in rewarding shareholders through dividend payments and share repurchases boosts investor confidence and positively impact earnings per share.Paychex has raised its guidance for fiscal 2022. Total revenues are now expected to register 12-13% growth compared with the prior expectation of 10-11%. Adjusted earnings per share are now expected to register 22.5-23% growth compared with the prior expectation of 18-20%. The adjusted operating margin is expected to be almost 40% compared with the prior expectation of 39-40%. The adjusted EBITDA margin is now expected to be nearly 44-45% compared with the prior expectation of 44%.The Zacks Consensus Estimate for Paychex’s 2022 EPS has improved 3% in the past 60 days. Paychex’s shares have gained 11.5% over the past year. Price & Consensus: PAYX Genpact Limited: This Zacks Rank #2 Bermuda-based company provides business process outsourcing and IT services in North and Latin America, India, rest of Asia and Europe. Genpact enjoys a competitive position in the BPO services market based on its domain expertise in business analytics, digital and consulting. Acquisitions have been helping it expand its product portfolio and gain new domain expertise. AI offers ample growth opportunities amid the COVID-induced dependency on technology. Consistency in rewarding shareholders through dividend payments and share repurchases boost investor confidence and positively impact earnings per share. For 2022, the company has raised its guidance. Genpact’s guided range for adjusted EPS is $2.60-$2.76 (previous view: $2.53-$2.71). Revenues are anticipated between $4.325 billion and $4.4 billion (prior view: $4.3 billion and $4.4 billion).The Zacks Consensus Estimate for Genpact’s 2022 EPS has improved 2.3% in the past 90 days. The stock has gained 3% over the past year.Price & Consensus: G Free: Top Stocks for the $30 Trillion Metaverse Boom The metaverse is a quantum leap for the internet as we currently know it - and it will make some investors rich. Just like the internet, the metaverse is expected to transform how we live, work and play. Zacks has put together a new special report to help readers like you target big profits. The Metaverse - What is it? And How to Profit with These 5 Pioneering Stocks reveals specific stocks set to skyrocket as this emerging technology develops and expands.Download Zacks’ Metaverse Report 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 Automatic Data Processing, Inc. (ADP): Free Stock Analysis Report Paychex, Inc. (PAYX): Free Stock Analysis Report Genpact Limited (G): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJun 17th, 2022

2 Electronics Stocks With Bright Industry Prospects to Watch

Accelerating 5G deployments, solid EV momentum and the rapid adoption of wearables benefit the Zacks Electronics - Measuring Instruments industry players like KEYS and CAMT. The Zacks Electronics – Measuring Instruments industry has been benefiting from the increasing 5G deployment and the rising user penetration of electric vehicles (EVs). In addition to this, the solid adoption of consumer-oriented smart IoT devices such as smart speakers, wearables and home security equipment has been aiding industry participants like Keysight Technologies KEYS and Camtek CAMT. The strengthening demand for security and surveillance system has been another boon for the industry players.Industry DescriptionThe Zacks Electronics – Measuring Instruments industry comprises companies, which offer wearables, test solutions and equipment, electronic design, test instrumentation systems, metrology solutions, and thermo management products. The industry players are increasing their spend on research and development, as well as sales and marketing, in order to stay afloat in an era of technological advancements and changing industry standards. The major end-markets served by the underlined industry are consumer, automotive, industrial, aerospace & defense, semiconductor, healthcare, and communications, to name a few. Further, rising spending by manufacturers of semiconductors, automobiles, machinery, mobile phones and LED displays worldwide bodes well for the industry.4 Trends Shaping the Future of Electronics - Measuring Instruments IndustryEV Proliferation – a Growth Driver: The growing momentum across EVs, including hybrid and self-driving vehicles, remains a key catalyst. Increasing investment in advanced automotive technology and the strengthening demand for EV test solutions have been driving the prospects of the industry participants, who are making efforts to capitalize on the EV-related growth opportunities. Continuous innovations in EV infrastructure, which have been bolstering the demand for simulation software, radars and other electronic measuring instruments, remain other positives. In addition to this, the growing proliferation of advanced driver-assistance systems has boosted the demand for electronics testing solutions. The above-mentioned factors are expected to continue to benefit the industry in the near term.5G – Key Catalyst: The growing deployment of 5G holds near-term promise for the industry participants. A demand uptick for 5G test solutions, which are required for 5G deployment, is a major positive. The growing number of high-speed data centers worldwide is a tailwind. The current coronavirus-triggered work-from-home wave globally, which has been bolstering the demand for high-speed Internet services, bodes well for electronic companies, which are enhancing their 5G efforts. Given the upbeat scenario, the industry is anticipated to remain on the growth trajectory, backed by strong efforts to bolster 5G strength.Fitness Tracker Adoption Solid: The increased focus on personal fitness, health and wellness amid the pandemic has emphasized the importance of fitness and wellness trackers and smartwatches, which help in monitoring personal health. The growing proliferation of the devices has fuelled the use of the flat-panel display (“FPD”) technology. Further, the rising demand for Augmented Reality (“AR”)/Virtual Reality (“VR”) devices, and OLED displays have been playing a significant role in driving the requirement for FPDs. The factors are creating an extremely conducive growth environment for the industry players.Coronavirus-Led Uncertainties Hurt: Due to the coronavirus-led uncertainty regarding global economic and business activities, industry participants are witnessing supply constraints, softness in demand, and delays in customer acceptance, in turn, resulting in high levels of backlog. Moreover, volatility in foreign exchange (primarily due to the current macroeconomic scenario and headwinds in the emerging markets) does not bode well for the industry.Zacks Industry Rank Indicates Bright ProspectsThe Zacks Electronics - Measuring Instruments industry is housed within the broader Zacks Computer and Technology sector. It carries a Zacks Industry Rank #21, which places it in the top 8% of more than 250 Zacks industries.The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates solid near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1.The industry’s positioning in the top 50% of the Zacks-ranked industries is a result of the positive earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are optimistic about this group’s earnings growth potential. Since Jul 31, 2021, the industry’s earnings estimates for the current year have moved up by 2.3%.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 valuation picture.Industry Beats S&P 500 & SectorThe Zacks Electronics – Measuring Instruments industry has outperformed the Zacks S&P 500 composite and the broader Zacks Computer and Technology sector in the past year.The stocks in the industry have collectively lost 8.7% against the S&P 500 and the Zacks Computer and Technology sector’s declines of 9.8% and 25.4%, respectively.One-Year Price PerformanceIndustry's Current ValuationOn the basis of the forward 12-month price-to-sales ratio (P/S), which is a commonly used multiple for valuing Electronics – Measuring Instruments stocks, the industry is currently trading at 3.12X, lower than the S&P 500’s 3.28X and the sector’s 3.35X.Over the past five years, the industry has traded as high as 4.57X and as low as 1.54X, with a median of 2.66X, as the charts below show.Forward 12-Month Price-to-Sales (P/S) Ratio 2 Measuring Instrument Stocks to Keep a Close Eye onKeysight Technologies: The Santa Rosa, CA-based company is well-poised to capitalize on the accelerating 5G deployment, courtesy of the rising demand for 5G test solutions. The company is benefiting from higher investments in 400G/ 800G ethernet for data centers. Keysight Technologies is also riding on the solid demand for its semiconductor measurement solutions, as semiconductor companies are increasingly developing chips based on next-generation process technologies.Additionally, this Zacks Rank #2 (Buy) company, which is a provider of electronic design and test instrumentation systems, is likely to gain from high government spending and the momentum in investments aimed at technology advancements. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Notably, Keysight Technologies has lost 11.1% over a year. The Zacks Consensus Estimate for KEYS’ fiscal 2022 earnings has been revised upward by 0.3% over the past 30 days to $7.07 per share.Price & Consensus: KEYS Camtek: The Israel-based manufacturer of metrology and inspection equipment benefits from the growing share in the 2D inspection market. The company is benefiting from its robust system performance across 2D applications. Additionally, the increasing demand for 5G-related applications remains a tailwind.This Zacks Rank #2 company is well-positioned to capitalize on the rising demand for semiconductor devices on the back of its software solutions utilized in advanced packaging, memory and sensors.Notably, Camtek has lost 34.8% in the past year. The Zacks Consensus Estimate for CAMT’s 2022 earnings has been unchanged at $1.78 per share over the past 30 days.Price & Consensus: CAMT Free: Top Stocks for the $30 Trillion Metaverse Boom The metaverse is a quantum leap for the internet as we currently know it - and it will make some investors rich. Just like the internet, the metaverse is expected to transform how we live, work and play. Zacks has put together a new special report to help readers like you target big profits. The Metaverse - What is it? And How to Profit with These 5 Pioneering Stocks reveals specific stocks set to skyrocket as this emerging technology develops and expands.Download Zacks’ Metaverse Report 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 Keysight Technologies Inc. (KEYS): Free Stock Analysis Report Camtek Ltd. (CAMT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJun 17th, 2022

5 Shoes & Retail Apparel Stocks to Eye in a Prospering Industry

The Shoes and Retail Apparel industry looks prim on gains from strong consumer demand, product innovation and digital growth. These aspects bode well for DECK, SKX, SHOO, CAL and RCKY. Companies in the Zacks Shoes and Retail Apparel industry have been benefiting from continued demand for activewear and footwear, given the adoption of a healthy lifestyle. The industry players focused on product innovation, store expansion, digital investments and omni-channel growth are poised to gain in the current market. This has compelled the activewear segment to resort to innovations to make their assortments more comfortable and fashionable. However, elevated costs related to supply-chain headwinds, as well as to support brand campaigns and digital investments have been deterrents.The industry participants have been consistently investing in product innovation based on customer feedback and requirements. Investments in products and e-commerce portals bode well for players like Deckers Outdoor DECK, Skechers U.S.A., Inc. SKX, Steven Madden SHOO, Caleres CAL and Rocky Brands RCKY.About the IndustryThe Zacks Shoes and Retail Apparel industry comprises companies that design, source and market clothing, footwear and accessories for men, women and children under various brand names. The product offerings of the companies mostly include athletic and casual footwear, fashion apparel and activewear, sports equipment, bags, balls, and other sports and fashion accessories. The companies showcase their products through their branded outlets and websites. However, some companies also distribute products via other retail stores such as national chains, online retailers, sporting goods stores, department stores, mass merchandisers, independent retailers and catalogs.A Look at What's Shaping Shoes and Retail Apparel Industry's FutureFitness Trends Aid Industry: Rising health consciousness and the willingness to live an active lifestyle and look fit have led consumers to incorporate sports and fitness routines into their daily lives. The demand for activewear/athleisure products has increased significantly over time, which is expected to accelerate in 2022. Athletic goods and apparel companies now offer everything from sweatshirts, leggings, pants, jackets and tops to yoga wear and running clothes for both men and women. People are clubbing athleisure styles like tops with blazers to give them a formal look at office meetings. The participants remain focused on product innovations, store expansion and enhancing e-commerce capabilities to gain market share. The companies continue to innovate styles, materials and colors and incorporate functional designs to grab a large share of the fast-growing market. The increased participation of women in sports and outdoor activities in recent years has been a boon for the industry.E-Commerce Investments: E-commerce has been playing a crucial role in the athleisure market’s growth. The companies in the segment are looking to build a customer base through websites, social media and other digital channels. As consumers continue to show interest in shopping from home, growth of athletic-inspired apparel and digital sales are likely to stay. Companies focused on expanding their athletic-based apparel lines and building on e-commerce capabilities are expected to witness growth in 2022. Efforts to accelerate deliveries through investments in supply chain and order fulfillment avenues are likely to provide an edge in the market. Simultaneously, companies are investing in renovations and improved checkouts as well as mobile point-of-sale capabilities to make stores attractive. The efforts to enhance the guest experience through multiple channels are likely to contribute significantly to improving traffic and transactions both in stores and online.Cost Headwinds: Companies are witnessing elevated costs due to factors like commodity cost inflation, increase in freight costs and reinvestments and other impacts. A number of companies project increased freight and logistics costs to hurt margins in the near term. Elevated marketing expenses, higher operating overhead and demand-creating expenses, and increased investments toward enhancing store and digital operations have been pushing up SG&A costs. Also, the companies are witnessing higher costs to support brand campaigns and digital investments. The return of sporting activities and events has resulted in higher costs compared with the last year’s COVID-related closure. Additionally, a tough and competitive labor market remains a concern. These factors pose a threat to industry players’ margins.Zacks Industry Rank Indicates Bright ProspectsThe Zacks Shoes and Retail Apparel Industry is a 12-stock group within the broader Zacks Consumer Discretionary sector. The industry currently carries a Zacks Industry Rank #96, which places it in the top 38% of more than 250 Zacks industries.The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates continued outperformance 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 2 to 1.The industry’s positioning in the top 50% of the Zacks-ranked industries is a result of a positive earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are gaining confidence in this group’s earnings growth potential.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 the valuation picture.Industry Vs. the SectorThe Zacks Shoes and Retail Apparel industry has outperformed its sector but underperformed the S&P 500 in the past year.While stocks in the industry have collectively declined 13.7%, the Zacks S&P 500 composite has dropped 12%. Meanwhile, the Zacks Consumer Discretionary sector has declined 39.4%.One-Year Price PerformanceShoes and Retail Apparel Industry's ValuationOn the basis of forward 12-month price-to-earnings (P/E), which is commonly used for valuing Consumer Discretionary stocks, the industry is currently trading at 22.07X compared with the S&P 500’s 16.65X and the sector’s 17.52X.Over the last five years, the industry has traded as high as 36.79X and as low as 19.59X, with the median being at 25.81X, as the chart below shows.Price-to-Earnings Ratio (Past 5 Years)5 Shoes & Retail Apparel Stocks to WatchCaleres: Caleres is a leading footwear retailer and wholesaler in the United States, China, Canada, China, and Guam. It operates through Famous Footwear and Brand Portfolio segments. The stock of this Saint Louis, MO-based company has been benefiting from positive consumer demand trends and accelerated recovery in the footwear marketplace, which have been aiding its sales. The momentum in the Famous Footwear brand is expected to contribute meaningfully to sales growth. Strong performances of CAL’s emerging brands, including Vionic, Sam Edelman, Allen Edmonds and Blowfish Malibu, are expected to be drivers.Management anticipates strong performance at the Famous Footwear brand and gains in Brand Portfolio, leveraging of diversified brand model and the continued execution of ongoing strategic priorities to aid CAL’s performance. Caleres's focus on the consumer's evolving preferences and efforts to drive growth across its omni-channel ecosystem bode well. The consensus estimate for CAL’s fiscal 2022 EPS has moved up 11.3% in the past 30 days. The company has a trailing four-quarter earnings surprise of 62.9%, on average. Shares of this Zacks Rank #1 (Strong Buy) company rose 0.1% in the past year. You can see the complete list of today’s Zacks #1 Rank stocks here. .Price and Consensus: CALRocky Brands: Rocky Brands is a leading footwear and accessories company that designs, manufactures and markets premium quality footwear and apparel under a portfolio of well-recognized brand names. The company’s notable brands portfolio includes Rocky, Georgia Boot, Durango, Lehigh, The Original Muck Boot Company, XTRATUF, Servus, NEOS and Ranger. RCKY is benefiting from the flexibility and ability to innovate quickly, given its small size of business.Rocky Brands has been witnessing robust demand for its portfolio of leading brands, which has been aiding performance. The company is making strong progress in regaining the full efficiency of its Ohio distribution center, which along with the new distribution center in Reno, NV, is likely to have improved shipping capacity. The Zacks Consensus Estimate for its 2022 earnings has been unchanged in the past 30 days. It has a trailing four-quarter negative earnings surprise of 2.3%, on average. This Zacks Rank #1 stock has declined 32.6% in the past year.Price and Consensus: RCKYSteven Madden: Steven Madden designs, sources, markets and sells fashion-forward name brand and private label footwear for women, men, and children and private label fashion handbags and accessories globally. SHOO has been gaining from a robust e-commerce momentum, product assortments and accelerated business recovery. The company’s focus on creating trend-right merchandise assortment, deepening relations with customers via marketing, enhancing the digital commerce agenda, expanding international markets and efficiently controlling expenses bodes well. This has been boosting consumer demand, thereby contributing to the overall performance for a while now.Strength in SHOO’s digital and brick-and-mortar channels bodes well. Management is on track to expand the international business. The company’s e-commerce wing continues to gain from prudent investments in digital marketing as well as efforts to optimize the features and functionality of its website. Steven Madden has also been significantly accelerating its digital commerce initiatives with respect to distribution. SHOO has a trailing four-quarter earnings surprise of 44%, on average. The consensus estimate for the company’s 2022 EPS has moved down by a penny in the past seven days. Shares of the Zacks Rank #2 (Buy) footwear company have declined 18.2% in the past year.Price and Consensus: SHOOSkechers: Skechers is a leading manufacturer and seller of footwear for men, women and children in the United States and overseas. SKX has been gaining from the continued demand for comfort products and momentum in the direct-to-consumer business. Skechers remains focused on developing comfort footwear, expanding apparel offerings, advancing e-commerce capabilities and tapping opportunities to drive overall sales. Growth across the domestic and international channels, driven by wholesale and direct-to-consumer sales, bodes well. The company remains committed to directing resources to enhance its digital capabilities, which include augmenting website features, mobile applications and loyalty programs. Investments made to integrate store and digital ecosystems for developing a seamless omnichannel experience are likely to drive greater sales.Skechers’ investments in long-term growth strategies, including brands and infrastructural capabilities, have been yielding results. Management is optimistic regarding the strength of its brands and the relevance of its products in the forthcoming periods. Shares of the Manhattan Beach, CA-based company have declined 19.5% in the past year. The company has a trailing four-quarter earnings surprise of 23.6%, on average. The consensus estimate for SKX’s 2022 EPS has been unchanged in the past 30 days. It currently carries a Zacks Rank #3 (Hold).Price and Consensus: SKXDeckers: This Goleta, CA-based company is a leading designer, producer, and brand manager of innovative, niche footwear and accessories developed for outdoor sports, and other lifestyle-related activities. The company sells products primarily under five proprietary brands — UGG, HOKA, Teva, Sanuk, and Koolaburra. Strength in HOKA ONE ONE and UGG brands as well as growth in direct-to-consumer and wholesale channels has been aiding DECK’s performance. Deckers is targeting profitable and underpenetrated markets, and remains focused on product innovations, store expansion and enhancing e-commerce capabilities. The company’s focus on expanding its brand assortments, bringing a more innovative line of products, targeting consumers digitally and optimizing omni-channel distribution bode well.In keeping with the changing trends, Deckers has been constantly developing its e-commerce portal to capture incremental sales. DECK has made substantial investments to strengthen its online presence and improve shopping experience for its customers. The company’s focus on opening smaller concept omni-channel outlets and expanding programs such as Retail Inventory Online; Infinite UGG; Buy Online, Return In Store; and Click and Collect to enhance customers’ shopping experience is likely to boost the top line in the quarters ahead. DECK has a trailing four-quarter earnings surprise of 1,115%, on average. Shares of the Zacks Rank #3 company have declined 19.3% in the past year. The consensus estimate for its fiscal 2023 EPS has moved up 3.4% in the past 30 days.Price and Consensus: DECK 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +25.4% per year. So be sure to give these hand-picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report Steven Madden, Ltd. (SHOO): Free Stock Analysis Report Rocky Brands, Inc. (RCKY): Free Stock Analysis Report Caleres, Inc. (CAL): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJun 13th, 2022

4 Biotech Stocks With Bright Prospects to Buy Amid Recovery

New drug approvals and development of treatments for COVID-19 should maintain momentum for the Zacks Biomedical and Genetics industry. A strong portfolio and pipeline progress position ALKS, GERN, IMCR and BLU well amid the volatility. New drug approvals, acquisitions and other pipeline developments are back in the spotlight in the biotech industry, following the focus on the development of vaccines and antibody treatments for COVID-19 in the last two years. While the emergence of new variants of COVID-19 will ensure that companies focus on innovative treatments, most companies in the sector are looking to bolster their product portfolio through collaborations and acquisitions and pipeline development.Some biotech companies like Alkermes ALKS, Geron GERN, Immunocore IMCR and BELLUS Health Inc. BLU are well poised on a solid portfolio and pipeline progress.   Industry DescriptionThe Zacks Biomedical and Genetics industry includes biopharmaceutical and biotechnology companies that develop high-profile drugs using path-breaking technology. These biologically processed drugs, which address virology, neuroscience, metabolism and rare diseases, are manufactured using live organisms. The main goal of biotech companies is to use innovative technology to create breakthrough treatments. Quite a few companies in this space work on vaccines as well. Given the dynamic and evolving nature of technology, the sector is perceived to be riskier than the more stable large-cap pharma or drug industry.4 Trends Shaping the Future of Biotech IndustryInnovation, Execution Hold the Key: As only a few companies in this industry have approved drugs in their portfolio, the focus is primarily on the performance of these high-profile drugs and pipeline development. Most companies spend millions and billions to create a drug with path-breaking technology, which leads to significant research & development expenditure. Hence, it takes several years before a biotech company turns profitable. Additionally, successful commercialization is key to higher drug uptake as smaller biotechs generally lack the funds and expertise to execute the same. This, in turn, prompts collaboration deals with either pharma or biotech bigwigs, wherein sales are shared or royalties are received. Moreover, it might take quite a few years for any newly-approved drug to contribute significantly to its company’s top line.Consolidation to Fight Slowdown: Consolidation has always taken center stage in the biotech industry. This has been an important trend as leading pharma/biotech companies look to diversify their revenue base in the face of dwindling sales of high-profile drugs.  While the scale and pace of M&A activity slowed down last year due to the pandemic, the pace has picked up of late as biotech bigwigs like Gilead, Bristol Myers, among others, are evidently on the lookout to bolster their portfolios. While oncology and immuno-oncology are the key focus areas, treatments for rare diseases and gene-editing companies also promise potential, making them lucrative investment areas. Moreover, companies investing in mRNA technology are gaining a lot of attention, given the success of the technology in the development of COVID-19 vaccines.  An attractive pipeline candidate is a key lure for these companies, and cost synergies in research and development are an added benefit as quite a few smaller biotech companies are using innovative technologies to develop drugs and treatments.Opportunities Created by the Pandemic:  Though the onset of the COVID-19 pandemic impacted demand for drugs, it has turned out to be a growth opportunity for the companies in the biotech sector to develop innovative treatments for COVID-19. The successful development of treatments in such a short period has resulted in massive incremental revenues for these companies, which have developed vaccines, antibody treatments and antivirals for this disease. The emergence of new variants of the virus should keep the momentum going.Pipeline Setbacks & Competition: Pipeline setbacks are a key deterrent for biotech companies, given the exorbitant cost of developing drugs using expensive technology. Most drugs/therapies take years to gain a regulatory nod. An unfavorable outcome from a crucial trial on a promising candidate is a huge setback. The leading biotechs also face other headwinds like a decline in the sales of high-profile drugs due to intensifying competition. Zacks Industry Rank Indicates Encouraging ProspectsThe group’s Zacks Industry Rank is basically the average of the Zacks Rank of all the member stocks.The Zacks Biomedical and Genetics industry currently carries a Zacks Industry Rank #105, which places it among the top 42% of more than 252 Zacks industries, mirroring a bright outlook for the space, probably due to the economic recovery. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.Before we present a few biotech stocks that are well-positioned to beat the industry based on a strong portfolio/pipeline, let’s take a look at the industry’s stock market performance and current valuation. Industry Versus S&P 500 & SectorThe Zacks Biomedical and Genetics industry is a 710-stock group within the broader Zacks Medical sector. It has underperformed the S&P 500 Index and the Zacks Medical sector in the year so far.While the stocks in this industry have declined 25.4%, the Zacks Medical sector has lost 15.2%. The S&P 500 composite has lost 19.1% during this time frame.                                  Year-To-Date Performance Industry's Current ValuationSince most companies in the biotech sector do not have approved drugs, valuing these companies becomes a complex process. On the basis of the trailing 12-month price-to-sales ratio (P/S TTM), which is commonly used for valuing biotech companies with approved portfolios of drugs, the industry is currently trading at 2 compared with the S&P 500’s 3.88 and the Zacks Medical sector's 2.23.Over the last five years, the industry has traded as high as 3.86X, as low as 1.90X and at a median of 3.06X, as the chart below shows.                                                  Price/Sales TTM 4 Biotech Stocks Worth to Keep an Eye on Alkermes holds a diversified product portfolio and a promising pipeline of candidates targeting major central nervous system (CNS) disorders, including schizophrenia, depression, addiction and multiple sclerosis. Proprietary products, Vivitrol and Aristada, some partnered products – Vumerity, Risperdal Consta, Invega Sustenna/Xeplion, and Invega Trinza/Trevicta, continue to do well.   The FDA approval of Lybalvi (olanzapine and samidorphan) for the treatment of adults with schizophrenia and adults who have bipolar I disorder has further broadened Alkermes’ portfolio. The consensus loss estimates for 2022 have narrowed to 3 cents from 14 cents over the past 60 days. Alkermes currently carries a Zacks Rank #2 (Buy).  The company's shares have gained 20.9% in the year so far.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.                      Price and Consensus: ALKSGeron is developing imetelstat, a novel, first-in-class telomerase inhibitor, in hematologic malignancies. Data from phase II studies provide evidence that imetelstat targets telomerase to inhibit the uncontrolled proliferation of malignant stem and progenitor cells in myeloid hematologic malignancies resulting in malignant cell apoptosis and potential disease-modifying activity. The candidate has been granted Fast Track designation by the FDA for both the treatment of patients with non-del(5q) lower risk MDS who are refractory or resistant to an erythropoiesis stimulating agent and for patients with Intermediate-2 or High-risk MF whose disease has relapsed after or is refractory to janus associated kinase (JAK) inhibitor treatment. The successful development of the candidate will be a significant boost for Geron.Geron’s consensus loss estimates for 2022 have narrowed to 37 cents from 44 cents over the past 60 days. The company currently has a Zacks Rank #2. Its shares have gained 20.9% in the year so far.                          Price and Consensus: GERNImmunocore Holdings plc is a commercial-stage biotechnology company pioneering the development of a novel class of T cell receptor (TCR) bispecific immunotherapies designed to treat a broad range of diseases, including cancer, autoimmune and infectious diseases. The company’s most advanced oncology TCR therapeutic, Kimmtrak (tebentafusp-tebn), has been approved by the FDA for the treatment of HLA-A*02:01-positive adult patients with unresectable or metastatic uveal melanoma (mUM). The drug has been recently approved by the European Commission. The company has entered into a collaboration and supply agreement with French pharma giant, Sanofi. Strategic collaborations like these will boost pipeline progress.IMCR’s consensus loss estimates for 2022 have narrowed to $2.78 from $4.22 over the past 60 days. The company currently has a Zacks Rank #2.                      Price and Consensus: IMCRBELLUS Health Inc. is a clinical-stage biopharmaceutical company developing BLU-5937, its highly selective, second-generation P2X3 antagonist product candidate for the treatment of refractory chronic cough (RCC). The company intends to have an end-of-phase II meeting with the FDA later in the month. During this meeting, BELLUS Health intends to discuss its planned phase III program, which it expects to initiate in the second half of 2022.  The company expects to initiate a phase I trial investigating a once-daily, extended-release formulation of BLU-5937 in the second half of the year.BLU’s consensus loss estimates for 2022 have narrowed to 76 cents from 87 cents over the past 60 days. The company currently has a Zacks Rank #2. Its shares have gained 1.9% in the year so far.                    Price and Consensus: BLU  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 Geron Corporation (GERN): Free Stock Analysis Report Alkermes plc (ALKS): Free Stock Analysis Report Bellus Health Inc. (BLU): Free Stock Analysis Report Immunocore Holdings PLC Sponsored ADR (IMCR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJun 10th, 2022

You asked, we answered: "Help! What should I get my dad for Father"s Day this year?"

We share Father's Day gift ideas for all kinds of dads, whether they live nomadic lifestyles, love expensive tech, or hate getting "stuff." Prices are accurate at the time of publication.We share Father's Day gift ideas for all kinds of dads, whether they live nomadic lifestyles, love expensive tech, or hate getting "stuff."Cotopaxi; Amazon; Atlas Coffee Club; InsiderWhen you buy through our links, Insider may earn an affiliate commission. Learn more.Father's Day is around the corner (June 19 this year). Those of us with dads who are notoriously difficult to shop for may wind up kicking the task down the road, hoping the perfect present for someone who "wants nothing" will fall out of the sky.A Father's Day gift advice column isn't exactly like a eureka-level gift dropping from heaven, but it's a pretty decent alternative. I've been an Insider Reviews journalist testing, researching, and ranking products for over five years. Gift guides (of which we've written thousands) are kind of like our Olympic event.This year, to debut our gifting column, we asked: who are you shopping for this Father's Day, and what does your dad need, hate, love, and value? We recommended a handful of custom gifts within different price ranges that we think their father or father-figure would like, with the hopes that readers with similar dads can get inspired, too.Below, you'll find descriptions of the dads our coworkers are shopping for — and expert recommendations for what to buy them (and dads like them) this Father's Day.The Apple and audiobook enthusiast who needs little elseCrystal Cox/InsiderMy dad's favorite gifts are always tech-related. He wears an Apple watch I got him every day and is obsessed with his Alexa. Even the last-minute gift I grabbed him once — an Audible subscription — ended up garnering a lot of excitement. He loves podcasts, history audiobooks, and just being plugged into world news in general (ideally with his noise-canceling headphones).The problem is, there's only so much tech a person can have, tech gifts don't really feel "special," and they can be expensive! I've gotten him more specific gifts in the past like a puzzle or a DIY beer brewing kit, but they collect dust. What can I get him that he'll still like, but that feels more creative (and budget-friendly) than another Apple device?—Technically StuckIf dad enjoys historical audiobooks (and hasn't read this one yet), he will probably love "Say Nothing," which covers The Troubles in Ireland. Investigative journalist Patrick Radden Keefe tells a spellbinding tale of memory, identity, and violence that's impossible to put down. "Say Nothing: A True Story of Murder and Memory in Northern Ireland"$27.56 FROM AMAZONFor something tech-adjacent that's also personal, I'd recommend a new wallet. The Bellroy Apex Sleeve has RFID-blocking technology for card security, and it's made in premium leather that should age nicely. He'll use it every day and he'll think of you when he does. We ranked it the best masculine wallet you can buy. Bellroy Apex Sleeve$129.00 FROM BELLROY$129.00 FROM AMAZONIf he's really more of a tech guy than an analog anything and he's a reader, consider getting him a Kindle if he doesn't already have one. It's still tech, but it might feel a bit more personal if you mention some of the titles you specifically think he'd like to download onto it (like "Say Nothing"). Our favorite for most people is the Kindle Oasis, but you'll find reviews and recommendations on which model to buy for who in our best e-readers guide here.Amazon Kindle Oasis (8GB)$249.99 FROM AMAZONLastly, sometimes it's best to just go with what's made Dad happy in the past. If he really loves tech, we rounded up some of the best tech gifts for Father's Day.The tech-savvy traveler Flashpop/Getty ImagesMy dad dreams of being a minimalist who can travel anywhere at a moment's notice. Therefore, I'm not really leaning towards a material gift that'll just sit in a storage unit, but rather something that can actually support him on his traveling nomad journey. I've considered an Airbnb gift card, but it doesn't feel personal enough or a guidebook, but he's so tech-savvy that he'll just plan out a whole trip on Google Maps! What can I get him that is travel-friendly and fun, but not a physical item? —Travel WearyFirst off, I'd recommend looking into the Priority Pass, which gives him access to over 1,300 airport lounges around the world. All he has to do is slip it into his wallet, and he'll have a more pleasant traveling experience — thanks to you. If that doesn't feel personal enough, you can always pick up an in-flight cocktail kit to go with it.Priority Pass Standard Membership Plan$99.00 FROM PRIORITY PASSThe Cocktail Box Co. Gin & Tonic$22.00 FROM REIIf you want to go for a grand gesture, you could also book a trip for the two of you. You can even pick up a custom boarding pass with a scratch-off destination reveal on Etsy, if you live for a little drama.APaperParadise Custom Boarding Pass Card$12.75 FROM ETSYI get wanting to avoid something that collects dust in a storage unit. But have you considered physical gifts that he may want to use nonstop? I'm thinking of this I-can't-believe-how-much-it-fits Cotopaxi backpack we swear by for travel, or the Hydaway Collapsible Water Bottle, Trtl Pillow, or an external battery so he never gets caught without a digital boarding pass or lost somewhere new without a charge. If he's open to new things, these will improve his nomadic lifestyle.Cotopaxi Allpa 42L Travel Pack$220.00 FROM COTOPAXIAnker PowerCore 10000$34.99 FROM AMAZONTravelCard Plus$39.00 FROM TRAVELCARDHydaway Collapsible Water Bottle$27.95 FROM AMAZONTrtl Neck Support Travel Pillow$34.99 FROM AMAZONLastly, if he loves to travel because he's curious about other places, he might enjoy a coffee subscription that sends him delicious single-origin coffee from across the globe for him to try. You can opt for whole beans to prolong its freshness, just in case they're delivered while he's out of town, too. Atlas Coffee Club$9.00 FROM ATLAS COFFEEFor more gift ideas, check out our travel gift guide here.The non-materialistic dad Yoshiyoshi Hirokawa/Getty ImagesMy dad isn't a materialistic guy. He wouldn't use tech and doesn't particularly love to cook or garden. He's had the same clothes for years. He loves learning about history, but he usually likes to reread his favorite books rather than new ones. He's into zen and meditation, and loves to take walks and lift at the gym. He also loves his downtime — watching movies, eating his favorite snacks, and talking to his kids. I don't want to get him "stuff" he won't use or need. What's something small, meaningful, and/or convenient that I could get him for less than $200? -Zen on a BudgetIf Dad loves to reread his favorite books, and he likes to enjoy a long walk, consider combining them into one activity with an Audible subscription. This way, he can take books on his walks with him. Audible Gift Membership (3 Months)$45.00 FROM AMAZONIf possible, you can also pool your resources with the rest of your family and book an Airbnb for a staycation together. Grab some games to play together or plan to take long walks together in nature and watch Dad's favorite movies. Pack the little things that matter – his favorite coffee and snacks, books to read while Dad is enjoying the quiet — and give Dad what he loves most: quality time with you.Airbnb Gift Card$50.00 FROM AMAZONIf your dad has had the same clothes for years, he'll appreciate a new addition that's well-made and durable. I recommend the Ten Thousand Versatile Shirt or Darn Tough socks which he can use year-round. The Ten Thousand Versatile Shirt is on the Insider Reviews All-Time Best list of our favorite 100 products, and you can read a review of the Ten Thousand Versatile Shirt here and the Darn Tough socks here.Darn Tough Treeline Micro Crew Cushion Sock$23.95 FROM AMAZONTen Thousand Versatile Shirt$54.00 FROM TEN THOUSANDLastly, if Dad likes to travel and appreciates being in the most beautiful parts of the US for his long walks, you can get him a national parks annual pass and save him a lot of money — the $80 pass will get him plus three other adults in one vehicle in for free to most US national parks, which usually cost between $20-$35 per person to enter. National Park Service Annual Pass$80.00 FROM NATIONAL PARK SERVICEFor more Father's Day gift ideas, you may want to check out our Father's Day gift guides, like funny Father's Day gifts, inexpensive gifts, or gifts for dads who want nothing. Read the original article on Business Insider.....»»

Category: topSource: businessinsiderJun 8th, 2022

3 International Upstream Stocks That Are Ripe for Picking

With oil prices on a tear, the Zacks Oil and Gas - International E&P operators like VET, TUWOY and ENQUF are expected to participate in this explosive rally during the coming months. The Zacks Oil and Gas - Exploration and Production - International industry appears on track for substantial gains as commodity prices continue to move higher. Building on this bullish narrative, upstream firms like Vermilion Energy VET, Tullow Oil TUWOY and EnQuest PLC ENQUF have lots of upside and are likely to see impressive revenue and cash flow growth. To add to the optimism, the industry operators’ improved cost structure should ensure strong margins going forward.Industry OverviewThe Zacks Oil and Gas - International E&P industry consists of companies primarily operating outside the United States and focused on the exploration and production (E&P) of oil and natural gas. These firms find hydrocarbon reservoirs, drill oil and gas wells, and produce and sell these materials to be refined later into products such as gasoline, fuel oil, distillate, etc. The economics of oil and gas supply and demand is the fundamental driver of this industry. In particular, a producer’s cash flow is primarily determined by the realized commodity prices. In fact, all E&P companies are vulnerable to historically volatile prices in the energy markets. A change in realizations affects their returns on drilling inventory and causes them to alter production growth rates. These operators are also exposed to exploration risks where drilling results are uncertain.3 Key Investing Trends to Watch in the Oil and Gas - International E&P IndustrySignificant Increase in Oil Price: The energy market continues to enjoy support from geopolitical uncertainty amid Russia’s military operations in Ukraine. In March, Brent crude — the international benchmark — surged to a 13½-year high of almost $140 on concerns about supplies from Russia, which is one of the world's largest producers of the commodity. The Biden administration’s ban on the import of Russian crude and energy products contributed to oil’s rapid price increase. Agreed, crude has pulled back from its lofty levels, but with the conflict showing no signs of a quick resolution and the European Union finally following the United States in blocking imports of Russian energy — even at the detriment of their economies — the oil bulls are getting a fresh impetus. Importantly, commodity prices appear to have entered a protracted period of stability at levels where the operators can generate free cash flow through their drilling activities.Lower Cost Structure: The energy companies have changed their approach to spending capital. Over the past few years, producers have worked tirelessly to cut costs to a bare minimum and look for innovative ways to churn out more oil and gas. And they managed to do just that by improving drilling techniques and extracting favorable terms from the beleaguered service providers. Moreover, driven by operational efficiencies, most E&P operators have been able to reduce unit costs, while the coronavirus-induced collapse in crude forced them to adopt a more disciplined approach to spending capital. These actions might restrict short-term production but are expected to preserve cash flow, support balance sheet strength, and help the companies to eventually emerge stronger. In particular, despite continued inflation and supply chain challenges, cash from operations is on a sustainable path as revenues improve and companies slash capital expenditures from the pre-pandemic levels amid sharply higher commodity prices.Strong Financial Returns for Shareholders: The sharp increase in crude prices has allowed the upstream operators to deliver a solid financial performance. Cash from operations looks sustainable as revenues improve and companies cut capital expenditures from the pre-pandemic levels amid sharply higher commodity realizations. To put it simply, the environment of strong prices has helped the E&P firms to generate significant “excess cash,” which they intend to use to boost investor returns. In fact, energy companies are increasingly allocating their rising cash pile by way of dividends and buybacks to pacify the long-suffering shareholders.Zacks Industry Rank Reflects Upbeat OutlookThe Zacks Oil and Gas – International E&P industry is a nine-stock group within the broader Zacks Oil - Energy sector. It currently carries a Zacks Industry Rank #52, which places it in the top 21% of more than 250 Zacks industries.The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates improving near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1.The industry’s position in the top 50% of the Zacks-ranked industries is a result of a positive earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are optimistic on this group’s earnings growth potential. While the industry’s earnings estimate for 2022 have surged 444.7% in the past year, the same for 2023 have risen by an astounding 7,700% over the same timeframe.Considering the encouraging near-term prospects of the industry, we will present a few stocks that you may want to consider for your portfolio. But it’s worth taking a look at the industry’s shareholder returns and current valuation first. Industry Outperforms Sector & S&P 500The Zacks Oil and Gas - International E&P industry has fared much better than the broader Zacks Oil - Energy Sector as well as the Zacks S&P 500 composite over the past year.The industry has rocketed 152.3% over this period compared with the broader sector’s increase of 36.3%. Meanwhile, the S&P 500 has lost 3.6%.One-Year Price Performance  Industry's Current ValuationSince oil and gas companies are debt-laden, it makes sense to value them based on the EV/EBITDA (Enterprise Value/ Earnings before Interest Tax Depreciation and Amortization) ratio. This is because the valuation metric takes into account not just equity but also the level of debt. For capital-intensive companies, EV/EBITDA is a better valuation metric because it is not influenced by changing capital structures and ignores the effect of non-cash expenses.On the basis of the trailing 12-month enterprise value-to EBITDA (EV/EBITDA) ratio, the industry is currently trading at 4.97X, significantly lower than the S&P 500’s 13.04X. However, it is above the sector’s trailing-12-month EV/EBITDA of 4.42X.Over the past five years, the industry has traded as high as 26.26X, as low as 2.19X, with a median of 8.34X.Trailing 12-Month Enterprise Value-to EBITDA (EV/EBITDA) Ratio (Past Five Years)   3 Oil and Gas - International E&P Stocks to Buy NowVermilion Energy: Vermilion Energy is an oil and gas explorer with producing properties in Europe, North America and Australia. The energy explorer’s diversification across different continents provides it with certain advantages relative to the other upstream players. VET, with its unique portfolio of high-margin, low-decline assets, is currently focused on cost reductions and positive free cash flow generation.Valued at around $2.3 billion, Vermilion Energy has a projected earnings growth rate of 111.9% for 2022. VET currently carries a Zacks Rank #1 (Strong Buy). Vermilion Energy’s shares have soared around 166.7% in a year. You can see the complete list of today’s Zacks #1 Rank stocks here. Price and Consensus: VET Tullow Oil: Tullow Oil is a London-based hydrocarbon producer and explorer, focusing mainly on Africa. TUWOY’s significant positions in discovered and emerging basins and focus on capital discipline should result in a noticeable improvement in profitability. In particular, the oil and gas finder’s operational excellence and technical expertise stand it in good stead.Over the past 60 days, Tullow Oil saw the Zacks Consensus Estimate for 2022 move up 33.3%. TUWOY carries a Zacks Rank #2 (Buy). Tullow Oil’s shares have lost some 7.9% in a year.Price and Consensus: TUWOY EnQuest: This London-based upstream operator has key operations in the UK North Sea and Malaysia. The company’s impressive production efficiency across the portfolio is at the crux of ENQUF’s growth story. EnQuest has adjusted its capital plans to the prevailing market conditions, resulting in strong operating cash flows. ENQUF also possesses an active hedging program that provides further downside protection from commodity price fluctuations.  The 2022 Zacks Consensus Estimate for EnQuest Energy indicates 53.9% earnings per share growth over 2021. The Zacks Rank #2 ENQUF’s shares are up 31% in a year.Price and Consensus: ENQUF Free: Top Stocks for the $30 Trillion Metaverse Boom The metaverse is a quantum leap for the internet as we currently know it - and it will make some investors rich. Just like the internet, the metaverse is expected to transform how we live, work and play. Zacks has put together a new special report to help readers like you target big profits. The Metaverse - What is it? And How to Profit with These 5 Pioneering Stocks reveals specific stocks set to skyrocket as this emerging technology develops and expands.Download Zacks’ Metaverse Report 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 Vermilion Energy Inc. (VET): Free Stock Analysis Report Tullow Oil PLC (TUWOY): Free Stock Analysis Report EnQuest (ENQUF): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJun 6th, 2022

3 Furniture Stocks Worth Watching Amid Supply-Chain Woes

Although rising inflation and supply-chain disruptions pose risks, positive momentum in home remodeling projects along with a focus on digitization and product innovation raise hopes for WSC, LZB, and VIRC. Increasing investments in home improvement and remodeling activities accompanied with technological advancements and solutions are expected to drive the Zacks Furniture industry’s growth. Although supply-chain disruptions, greater inflation, continued investments in e-commerce and intense competition might keep margins under pressure, higher consumer spending, product innovation as well as accretive buyouts should favor the furniture industry. In addition, efficient cost management should lend support to industry players like WillScot Mobile Mini Holdings Corp. WSC, La-Z-Boy Incorporated LZB and Virco Mfg. Corporation VIRC.Industry DescriptionThe Zacks Furniture industry comprises manufacturers, designers and marketers of residential as well as commercial furnishing solutions. Some of the companies provide kitchen and bath cabinets as well as various engineered components and products in the United States along with international markets. A few industry players also offer specialty rental services such as modular and portable storage solutions as well as modular space and portable storage solutions. They are involved in designing and producing a wide variety of engineered components and products for homes, offices and automobiles. The industry players cater to different sectors, namely, construction, energy, healthcare, security, government, retail, commercial, education and transportation.3 Trends Shaping the Furniture Industry's FutureSupply-Chain Issues, Rising Inflation & Higher Expenses: The companies have been witnessing supply-chain disruptions, especially in chemicals, semiconductors, labor and transportation, which are constraining volume growth. As such, consumers are increasingly concerned about rising inflation and many expect inflation to outpace income growth. This would represent a risk to spending, which makes up two-thirds of the economy. The industry players are distressed by the rising raw material prices and logistic expenses. The labor market has also tightened with limited availability of labor, thereby driving labor costs.Also, the furniture industry is highly competitive, with home furnishing retailers, department stores and antique dealers giving a hard time. Again, companies need to make incremental investments to address an expanding omni-channel environment, as shoppers tend to look for online options. Growth in online sales may continue to dent traditional furniture retailers’ market share as brands such as Etsy, Things Remembered, Costco and Amazon are finding their way into the market.Higher Home Repair & Remodeling Activities: Higher spending by homeowners for home renovation has been benefiting the furniture industry. Homeowners remain committed to investing in their homes despite sharp product and material costs driven by supply-chain disruptions. The latest Leading Indicator of Remodeling Activity (“LIRA”), released by Harvard University’s Joint Center for Housing Studies, predicts that expenditures for improvements and repairs to the owner-occupied housing stock are expected to grow throughout 2022 and into early next year. LIRA expects residential renovation and maintenance spending to increase year over year and peak at 19.7% in the third quarter of this year before sliding downward to 15.1% in the first quarter of 2023. So, significant investments in renovation are expected to brighten the market outlook.Innovation, Digital Marketing & Acquisitions: Product innovation plays a key decisive factor for market share gain in this industry. Players are investing in new products to improve the product mix in a competitive landscape and drive top-line growth. Also, millennials represent the largest consumer cohort in the furniture market. More money in the hands of this largest and most-active generation of homebuyers should keep demand elevated. Customer experience is getting enhanced by innovative marketing techniques, with an emphasis on digital marketing, better merchandising, store remodeling and loyalty programs. Furthermore, the industry players are pursuing acquisitions to broaden their product portfolio and expand geographic footprint as well as market share.Zacks Industry Rank Indicates Dull ProspectsThe Zacks Furniture industry is an eight-stock group within the broader Zacks Consumer Discretionary sector. The industry currently carries a Zacks Industry Rank #193, which places it at the bottom 24% of more than 250 Zacks industries.The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates tepid near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.The industry’s positioning in the bottom 50% of the Zacks-ranked industries is a result of negative earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are gradually losing confidence in this group’s earnings growth potential. Since April 2022, the industry’s earnings estimates for 2022 have been revised 1.9% downward.Despite the industry’s gloomy near-term view, we will present a few stocks that one may consider adding to their portfolio. Before that, it’s worth taking a look at the industry’s shareholder returns and current valuation.Industry Outperforms Sector, Lags S&P 500The Zacks Furniture industry has outperformed the broader Zacks Consumer Discretionary sector but lagged the Zacks S&P 500 composite over the past year.Over this period, the industry has lost 20.5% compared with the broader sector’s 35.8% decline and the S&P 500’s decrease of 3.5%.One-Year Price PerformanceIndustry's Current ValuationOn the basis of the forward 12-month price-to-earnings (P/E), which is commonly used for valuing furniture stocks, the industry is currently trading at 13.46X compared with the S&P 500’s 17.59X and the sector’s 18.66X.Over the past five years, the industry has traded as high as 19.25X and as low as 9.40X, with the median being 15.12X, as the chart below shows.Industry’s P/E Ratio (Forward 12-Month) Versus S&P 5003 Furniture Stocks to Watch NowWe have selected one stock from the Zacks universe of furniture stocks that currently carry a Zacks Rank #2 (Buy). We have also highlighted two other stocks carrying a Zacks Rank #3 (Hold) with solid prospects. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. WillScot Mobile Mini Holdings: This Phoenix, AZ-based company provides modular space and portable storage solutions. The company is benefiting from continuous product innovation, solid segmental results and transformation of the legacy WillScot business into Mobile Mini's SAP platform. Record order backlog and broad-based end-market strength have been driving growth. Despite macroeconomic uncertainties, WSC expects robust demand to continue into 2023 given order backlog, prospects for infrastructure investment, a net positive inflationary environment, own national account conversations, and the 14th month of ABI expansion, which is a strong leading indicator for non-residential construction customers. The recent acquisitions through April, and a robust pipeline added to the positives.WillScot, a Zacks Rank #2 stock, has gained 27.4% over the past year versus the industry’s 20.5% drop. The company has an expected earnings growth rate of 73.7% for 2022.Price and Consensus: WSCLa-Z-Boy: Based in Monroe, MI, this company manufactures, markets, imports, exports, distributes, and retails upholstery furniture products, accessories, and casegoods furniture products. LZB has been benefiting from strong demand trends across all business units. Further, its solid cash position and investment in business bode well. The company has been navigating well through challenges like escalating commodity and freight costs with the help of higher pricing, strong brand presence, vast distribution through multiple channels and strategic investments across the business to drive market share gains.La-Z-Boy’s shares have dropped 40.9% in the past year. Nonetheless, earnings of La-Z-Boy — a Zacks Rank #3 company — are expected to grow 13.7% in fiscal 2022.Price and Consensus: LZBVirco Mfg.: Headquartered in Torrance, CA, this company designs, produces and distributes furniture in the United States. Although the company has been reeling under material cost increases, and higher costs associated with materials, freight and logistics, VIRC has been witnessing higher demand as stimulus funding aids recovery in the school furniture market. Notably, the fourth quarter is typically a slow time for orders in the seasonal cycle for school furniture. Nonetheless, orders were up 65% during the fiscal fourth quarter of 2022 compared to the same period of the prior year. A higher funding level for public schools, as well as the competitive advantage it has from its domestic production and distribution model, has been enabling VIRC to consistently take market share from overseas competitors.VIRC’s shares have slipped 4% in the past year. Earnings of VIRC — a Zacks Rank #3 company — are expected to grow 134.7% in fiscal 2022.Price and Consensus: VIRC Free: Top Stocks for the $30 Trillion Metaverse Boom The metaverse is a quantum leap for the internet as we currently know it - and it will make some investors rich. Just like the internet, the metaverse is expected to transform how we live, work and play. Zacks has put together a new special report to help readers like you target big profits. The Metaverse - What is it? And How to Profit with These 5 Pioneering Stocks reveals specific stocks set to skyrocket as this emerging technology develops and expands.Download Zacks’ Metaverse Report 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 WillScot Mobile Mini Holdings Corp. (WSC): Free Stock Analysis Report LaZBoy Incorporated (LZB): Free Stock Analysis Report Virco Manufacturing Corporation (VIRC): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksJun 6th, 2022

Generac Holdings (GNRC), PosiGen Collaborate for Energy Solution

Generac Holding's (GNRC) subsidiary Generac Grid announces a partnership with PosiGen to expand access to clean energy. Generac Holdings’ GNRC subsidiary Generac Grid announced its partnership with PosiGen to provide clean energy for low to medium-income residents.The tie-up will enable the companies to supply residents with cutting-edge battery backup and load-management systems, as well as provide power back to the electrical grid, thereby increasing grid stability and lowering the reliance on fossil fuels.Generac Holdings Inc. Price and Consensus  Generac Holdings Inc. price-consensus-chart | Generac Holdings Inc. QuoteAlthough PosiGen has given residents in Connecticut rooftop solar energy to help them save money and improve the comfort and efficiency of their homes, resiliency via battery backup has always been a challenge.Therefore, these companies can deliver a comprehensive solution, benefitting this traditionally disadvantaged community when the grid is disrupted by weather disasters, while also providing enormous value to the grid as a whole.PosiGen customers in Connecticut will be able to purchase a Generac PWRcell battery and Generac PWRmanager load management system to supplement their existing solar panels and give electricity to their homes when the grid goes down.Also, the PWRcell battery can be configured to provide up to 18kWh of energy back to the grid when weather disrupts the grid.Using its Concerto distributed energy resource control platform, Generac Grid will monitor and optimize each battery's contribution to the grid.These companies plan to offer the innovative option to their entire installed base of customers across Connecticut, with a particular focus on those who live in the underserved cities and towns.The companies will launch the program across the country, especially in places that offer favorable incentive structures and a strong interest in aiding low to moderate-income clients gain power resiliency.Generac Holdings Inc. manufactures power generation equipment, energy storage systems and other power products, including portable, residential, commercial and industrial generators.In addition, the company manufactures light towers, which provide temporary lighting solutions for various end markets, and commercial and industrial mobile heaters and pumps that are used in the oil & gas, construction, and other industrial markets.Key Picks:Generac Power currently has a Zacks Rank #3 (Hold).Some better-ranked stocks from the broader technology space are InterDigital IDCC, Vishay Intertechnology VSH and Pure Storage PSTG. InterDigital currently sport a Zacks Ranks #1 (Strong Buy), whereas Pure Storage and Vishay Intertechnology carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for InterDigital’s 2022 earnings is pegged at $3.28 per share, increasing 5.2% in the past 60 days. The long-term earnings growth rate is anticipated to be 15%.InterDigital’s earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 141.13%. Shares of IDCC have declined 14.9% in the past year.The Zacks Consensus Estimate for Vishay Intertechnology’s 2022 earnings is pegged at $2.68 per share, rising 10.3% in the past 60 days. The long-term earnings growth rate is anticipated to be 22.7%.Vishay Intertechnology’s earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 4.96%. Shares of VSH have declined 17.4% in the past year.The Zacks Consensus Estimate for Pure Storage’s fiscal 2023 earnings is pegged at 86 cents per share, unchanged in the past 60 days. The long-term earnings growth rate is anticipated to be 30.9%.Pure Storage’s earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 99.2%. Shares of PSTG have gained 37.2% in the past year. 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 InterDigital, Inc. (IDCC): Free Stock Analysis Report Vishay Intertechnology, Inc. (VSH): Free Stock Analysis Report Generac Holdings Inc. (GNRC): Free Stock Analysis Report Pure Storage, Inc. (PSTG): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksMay 20th, 2022

7 Pennsylvania cities ranked among nation"s 100 best places to live by U.S. News & World Report

Pittsburgh made a big leap up in the rankings......»»

Category: topSource: bizjournalsMay 18th, 2022

San Jose ranked among 5 best places to live in U.S., but 146th among best places to retire

San Jose is one of the best places to live while you have a job, but don't plan to retire in the "Capital of Silicon Valley," according to a new ranking. U.S. News & World Report put the city at No. 5 in its annual ranking of the best cities in the country to live in, a leap of 31 places from last year. But it spots San Jose at No. 146 among best places to retire. San Jose this year leapfrogged over San Francisco, which went from No. 15 in the best places to live ranking last year to No. 10 this….....»»

Category: topSource: bizjournalsMay 17th, 2022