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Vietnam IT sector grows 9% in January-October

In the first 10 months of 2021, Vietnam's IT sector generated VDN2,560 trillion (US$112.78 billion), 9% higher than the same period in 2020. Local Vietnamese IT firms accounted for 11% of the revenue, or VDN292 trillion, according to Vietnamnet......»»

Category: topSource: digitimesNov 25th, 2021

Bet On These 3 Oil Stocks With Lucrative Dividend Yield

It is high time to allocate money those high dividend yield paying oil stocks investing in renewables while maintaining a strong upstream presence. BP, E and TTE are well poised to gain. Fossil fuels like oil will continue to play a key role in meeting the global energy demand. At the same time, the world is now focusing on clean energy, thereby gradually brightening the outlook for renewables. Hence, it seems prudent to allocate money for those high dividend yield-paying energy companies allocating money for renewable operations while maintaining a strong footprint in upstream operations.Massive Crude RecoveryThe price of West Texas Intermediate crude is trading above the $70-per-barrel mark, highlighting a substantial improvement from the negative territory hit last April. Brent crude price, trading above $75-per-barrel mark, has also skyrocketed from the pandemic-hit low mark last year.The rapid and widespread rollout of coronavirus vaccines has driven the massive crude recovery. The positive trajectory in oil price is definitely a boon for energy players' exploration and production activities. With improving commodity prices, drilling activities worldwide have been increasing at a healthy pace.Energy TransitionIncreasing drilling activities on the back of crude price recovery is definitely good news for upstream businesses. But energy investors should also need to consider the factor of energy transitions. Energy companies worldwide are getting constant pressure from investors and governments to reduce greenhouse gas emissions and align their goals with the Paris climate agreement.Hence, companies with upstream business dominance and a strong renewable focus are the best to bet on. This is because those firms are benefiting from the rising oil price and are also leading energy transitions to capitalize on mounting clean energy demand.Lucrative Dividend YieldSo, it has been pretty clear that energy companies in oil and renewable businesses are now in the spotlight since their long-term outlook seems extremely bright. At the same time, it would be nicer if those companies also had a strong focus on returning capital to shareholders.With the help of our proprietary stock screener, we have zeroed down on three energy companies paying dividend yield significantly higher than the broader Zacks Oil - Energy sector as well as the Zacks S&P 500 composite. All the three stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.3 Stocks in The SpotlightAn improving oil price scenario and increasing daily oil equivalent production volumes are aiding BP plc’s BP bottom line. BP added that the target of adding a net production of 900 thousand barrels of oil equivalent per day by 2021 from key new upstream projects has already been delivered successfully.BP is also leading energy transition and has sent an ambitious goal of becoming a company with net-zero emissions by 2050 or earlier.BP is strongly focused on returning capital to shareholders. The integrated player recently announced that it intends to execute an additional $1.25 billion of share repurchases before declaring results for the December quarter. BP continues to anticipate that it will buy back $1 billion shares every quarter, considering the Brent crude price at $60 per barrel.On the dividend front, BP projects a hike in annual dividend per ordinary share of 4% through 2025. Also, BP’s dividend yield of 4.7% is higher than the 3.9% yield of Zacks Oil - Energy sector and 1.2% yield of the Zacks S&P 500 composite.Eni SpA E has a global presence in the energy business with a strong upstream presence. In the Ivory Coast, the energy major made big oil and gas discoveries. Eni has also set an ambitious goal to decarbonize its products and processes fully.In its overall operations, Eni increasingly involves green energies. To accelerate the energy transition and promote renewable energy, Eni entered into a three-year partnership deal with International Renewable Energy Agency (IRENA) on Sep 30.Looking at dividend history, it has been a clear picture than Eni’s dividend yield of 5.1% is more attractive as compared to Zacks Oil - Energy sector and Zacks S&P 500 composite.TotalEnergies SE TTE is not abandoning its traditional oil business to emphasize on energy transitions. TotalEnergies now has an ambitious plan of reducing the net carbon footprint of its operations to zero by 2050 or sooner.Looking at dividend history, TotalEnergies’ dividend yield of 4.5% is compelling. Considering TotalEnergies’ five-year median dividend yield of 4.6%, investors are still getting rewarded handsomely. Thus, shareholders of TTE are not only getting rewarded handsomely but are also playing a role in the energy transition. Bitcoin, Like the Internet Itself, Could Change Everything Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities. Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly. See 3 crypto-related 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 BP p.l.c. (BP): Free Stock Analysis Report Eni SpA (E): Free Stock Analysis Report TotalEnergies SE Sponsored ADR (TTE): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksNov 26th, 2021

Here"s Why Eni (E) is an Attractive Investment Bet Right Now

The positive trajectory in oil price is a boon for Eni's (E) upstream operations. Eni SpA E has witnessed upward earnings estimate revisions for 2021 and 2022 in the past 30 days. So far this year, the stock, sporting a Zacks Rank #1 (Strong Buy), has gained 35.1%, outpacing the 32% improvement of the composite stocks belonging to the energy sector. Image Source: Zacks Investment ResearchWhat's Favoring the Stock?The price of West Texas Intermediate crude is trading above the $70-per-barrel mark, highlighting a substantial improvement from the negative territory hit last April. Brent crude price, trading above the $75-per-barrel mark, has also skyrocketed from the pandemic-hit low mark last year.The positive trajectory in oil price is a boon for Eni’s upstream operations. Eni has made more than 600 million barrels of oil equivalent (MMBoe) of discovered resources year to date. The significant discoveries amid recovering oil price are pretty compelling. This year, Eni has guided higher its exploration discoveries at 700 MMBoe from the prior estimate of 500 MMBoe, thanks to the key discovery in Ivory Coast.Eni recently announced that its retail and renewable power business will be named Eni-Plenitude (Plenitude) at a capital markets event in Milan. Eni intends for the business unit's initial public offering (IPO) next year, subject to market conditions. This intended structural move reflects Eni’s strong focus on capitalizing on the mounting demand for renewables and green energy products. The intention also reveals Eni’s focus on creating more values through the energy transition. The company further said that the creation of the industrial and financial entity will help it to lower its Scope 3 emissions.In its overall operations, Eni increasingly involves green energies. To accelerate the energy transition and promote renewable energy, the company entered into a three-year partnership deal with International Renewable Energy Agency (IRENA) on Sep 30.Looking at its dividend history, it has been a clear picture that Eni’s dividend yield of 5.1% is attractive as compared to the Zacks Oil - Energy sector and Zacks S&P 500 composite.Other Stocks to ConsiderOther prospective players in the energy space include Whiting Petroleum Corporation WLL,Continental Resources, Inc. CLR and Callon Petroleum Company CPE. While Continental Resources carries a Zacks Rank #2 (Buy), Whiting Petroleum and Callon Petroleum sport a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.Whiting Petroleum is a leading upstream energy company and is the top producer of crude oil in North Dakota. With oil price improving at a healthy pace, Whiting Petroleum expects to continue generating handsome cashflows while maintaining a healthy balance sheet.Headquartered in Denver, CO, Whiting Petroleum has witnessed upward earnings estimate revisions for 2021 in the past 30 days. Looking at the price chart, WLL has gained 180.8% year to date, outpacing the 113.7% improvement of the composite stocks belonging to the industry.Continental Resources is also a leading upstream energy company, having proven reserves in North Dakota and Oklahoma. The oil inventories of Continental Resources are among the best in the industry.Headquartered in Oklahoma City, Continental Resources has witnessed upward earnings estimate revisions for 2021 in the past 30 days. Considering the price chart, CLR has gained 202.9% so far this year, outpacing the industry.Callon Petroleum is also a leading exploration and production company with a strong presence in prolific unconventional resources that comprise Permian Basin and Eagle Ford Shale play.CPE has witnessed upward earnings estimate revisions for 2021 in the past 30 days. Looking at the price chart, Callon Petroleum has gained 368.6% year to date, outpacing the industry. Bitcoin, Like the Internet Itself, Could Change Everything Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities. Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly. See 3 crypto-related 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 Eni SpA (E): Free Stock Analysis Report Continental Resources, Inc. (CLR): Free Stock Analysis Report Whiting Petroleum Corporation (WLL): Free Stock Analysis Report Callon Petroleum Company (CPE): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksNov 26th, 2021

Southwest (LUV) Shares Decline 24% in Six Months: Here"s Why

Southwest (LUV) is being plagued by persistent weakness in air-travel demand due to significant lag in business travel recovery, and rising fuel prices. Shares of Southwest Airlines LUV have declined nearly 24% in the past six months, primarily due to adversities resulting from persistent weakness in air-travel demand and escalating fuel prices.Image Source: Zacks Investment Research Despite improving, air-travel demand continues to be below the pre-pandemic levels. As a result, LUV is suffering substantial loss of revenues. The airline’s operating revenues have decreased 32.2% and 17% in the second and third quarters of 2021, respectively, from their comparable periods in 2019. The already weak travel demand suffered a further setback in the third quarter due to a spike in coronavirus cases induced by the Delta variant. Softness in bookings hurt Southwest’s third-quarter results to the tune of approximately $300 million. The airline estimates lingering effects from the deceleration in bookings witnessed in the third quarter to impact its fourth-quarter operating revenues by approximately $100 million. LUV expects fourth-quarter operating revenues to decline 15-25% from the comparable period’s figure in 2019.The continued weakness in air-travel demand is primarily due to significant lag in business travel recovery. After declining in the lower 60% range in both July and August from the 2019 level, Southwest’s managed business revenues fell 73% in September. By the end of 2021, the airline expects its managed business revenues to be down roughly 60% from the comparable period in 2019. A spike in oil prices is pushing up Southwest’s fuel expenses, which in turn is hurting its already weak bottom line. Fuel costs per gallon, including fuel tax (economic), rose 44.4% year over year to $1.92 in the second quarter. The same jumped 65.9% to $2.04 in the third quarter. LUV estimates economic fuel costs per gallon to be between $2.25 and $2.35 in the fourth quarter. Due to a spike in fuel prices as well as costs associated with ramp up in operations (to cater to the improvement in travel demand), the carrier does not expect to be profitable in the fourth quarter of 2021, as it had previously anticipated.Zacks Rank & Key PicksSouthwest carries a Zacks Rank #3 (Hold).Here are some better-ranked stocks within the broader Transportation sector:Schneider National SNDR sports a Zacks Rank #1 (Strong Buy). The company has a stellar earnings surprise history, having outperformed the Zacks Consensus Estimate in each of the preceding four quarters, the average beat being 21%. You can see the complete list of today’s Zacks #1 Rank stocks here.Shares of Schneider National have rallied more than 25% so far this year.Expeditors International of Washington EXPD also sports a Zacks Rank #1. The company’s earnings have surpassed the Zacks Consensus Estimate in each of the preceding four quarters, the average beat being 29.1%.Shares of Expeditors have appreciated nearly 34% so far this year.Landstar System LSTR carries a Zacks Rank #2 (Buy). The company’s earnings have trumped the Zacks Consensus Estimate in each of the trailing four quarters, the average beat being 11.4%.Shares of Landstar have gained more than 32% so far this year. Bitcoin, Like the Internet Itself, Could Change Everything Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities. Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly. See 3 crypto-related 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 Southwest Airlines Co. (LUV): Free Stock Analysis Report Expeditors International of Washington, Inc. (EXPD): Free Stock Analysis Report Landstar System, Inc. (LSTR): Free Stock Analysis Report Schneider National, Inc. (SNDR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksNov 26th, 2021

Citigroup"s (C) Australian Consumer Business Sale Gets ACCC Nod

Citigroup's (C) sale of the Australian consumer banking business to National Australia Bank has not caused Australian regulators any concern over competition in the local credit cards industry. Citigroup Inc.’s C sale of its Australian consumer banking business to National Australia Bank NABZY has received approval from the Australian regulatory body, The Australian Competition and Consumer Commission (“ACCC”). With this, the companies have cleared a crucial regulatory hurdle to close the deal.Specifically, the ACCC reviewed competition in the supply of credit cards, and owing to both companies overlapping in the supply of consumer banking products and services in Australia, concluded that the deal would not restrict competition in the sector.Making progress on its strategy to exit consumer banking operations in 13 markets across Asia and EMEA, including Australia, Bahrain, China, India, Indonesia, and Korea, Citigroup reached an agreement to sell Citigroup Australia Pty Limited’s Australian consumer business in early August.With this, A$4.3-billion unsecured lending portfolio, A$7.9 billion in residential mortgages, and nearly A$9 billion in deposits will be transferred to National Australia Bank. As per the deal terms, 800 employees of Citigroup will also join National Australia Bank.Following the closure of the deal, National Australia Bank is likely to become the country’s second-largest credit card provider.The deal comes at the helm of major banks facing increasing pressure as unsecured lending products like buy-now-pay-later continue to gain traction, along with the growing popularity of fintechs and digital wallets eating into banks' businesses. Hence, National Australia Bank’s buyout of Citigroup’s consumer banking business will place the former in a prime position to navigate the shifting consumer preferences.Over the past year, shares of Citigroup have gained 18.7% compared with 47.2% growth recorded by the industry.Image Source: Zacks Investment ResearchCurrently, Citigroup carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.Competitive LandscapeSeveral companies from the finance sector are undertaking consolidation efforts to counter the low-interest rate environment along with the heightened costs of investments in technology.Earlier this month, Citizens Financial Group, Inc. CFG completed its previously-announced merger with JMP Group LLC. Citizens Financial announced the all-cash deal in September in a bid to augment its capital market capabilities.The buyout is expected to foster growth, diversify Citizens Financial's capital market platform and provide greater scale in key verticals like healthcare, technology, financials and real estate.Also, U.S. Bancorp USB, the parent company of U.S. Bank, has agreed to acquire San Francisco-based fintech firm, TravelBank, which offers technology-driven cost and travel management solutions. In September, U.S. Bancorp closed the acquisition of another fintech company named Bento Technologies, which provides payment and expense management services to small and mid-sized businesses.Backed by a solid balance sheet, U.S. Bancorp has been expanding its business through acquisitions. U.S. Bancorp’s inorganic growth efforts, combined with the ongoing investments in innovative product enhancements, services and people, have strengthened its fee-based businesses, beside increasing market share. Bitcoin, Like the Internet Itself, Could Change Everything Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities. Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly. See 3 crypto-related 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 Citigroup Inc. (C): Free Stock Analysis Report U.S. Bancorp (USB): Free Stock Analysis Report National Australia Bank Ltd. (NABZY): Free Stock Analysis Report Citizens Financial Group, Inc. (CFG): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksNov 26th, 2021

4 REITs Your Black Friday Shopping Cart Must Have

As consumers are expected to splurge this holiday season amid rising wages and considerable savings, don't forget to add some REIT stocks that house retailers or support e-retailing. Americans celebrated nature’s bounty on Thanksgiving Day. Now, Black Friday will kick off the annual holiday shopping season, giving retailers a chance to enjoy abundant sales.  And why not? With rising income backed by wage compensation and hefty savings accumulated during the pandemic, consumers are ready to splurge.According to the National Retail Federation (“NRF”) Chief Economist Jack Kleinhenz, “The unusual and beneficial position we find ourselves in is that households have increased spending vigorously throughout most of 2021 and remain with plenty of holiday purchasing power.”In fact, the projections from NRF paint an encouraging picture, with holiday retail sales — excluding restaurants, automobile dealers and gasoline stations — anticipated to climb 8.5-10.5% from the prior year to a total of $843.4-$859 billion, suggesting the highest holiday retail sales on record. Online and other non-store sales are estimated to jump 11-15% to a total of $218.3-$226.2 billion, up from the $196.7 billion reported during the same period last year.Even though e-commerce is expected to remain a significant contributor, people are expected to opt for a more traditional holiday shopping experience this year and shift back to in-store shopping. In anticipation, the hiring for positions in bricks-and-mortar stores and warehouse and distribution centers have gained momentum.This optimism would translate into greater benefits for the real estate sector – particularly the REITs. Higher retail sales — whether online or at physical stores — bring huge profits for these REITs. Increased footfall at malls and shopping center would create further demand for space. Online sales too need real space for storage and efficient distribution.In addition, retailers are utilizing the last-mile stores as indispensable fulfillment and distribution centers to serve the dense population close by and outperforming pure e-commerce players on delivery times and cost efficiency. Also, curbside pick-up, combined with click-and-collect options, are likely to continue gaining attention in the present environment and even in the post-Covid era. And REITs making efforts along these lines are likely to add competitive advantage in current times.Stock PicksTo capitalize on this trend, we have handpicked four stocks for your Black Friday cart. Aside from having solid fundamentals, these better-ranked REITs have high chances of market outperformance over the next 1-3 months. These stocks are witnessing positive estimate revisions too, reflecting analysts’ upbeat view.We suggest investing in Simon Property Group SPG, which is a behemoth in the retail REIT industry and enjoys a portfolio of premium retail assets in the United States and abroad. The adoption of an omni-channel strategy and successful tie-ups with premium retailers have been aiding Simon Property Group. It is also tapping growth opportunities by assisting digital brands to enhance their brick-and-mortar presence, as well as capitalizing on buying recognized retail brands in bankruptcy.Additionally, Simon Property is exploring the mixed-use development option, which has gained immense popularity in recent years among those who prefer to live, work and play in the same area. Moreover, with a solid balance-sheet strength and available capital resources, SPG looks poised to ride this growth curve and bank on opportunities emanating from market dislocations.In the third quarter, Simon Property recorded increased leasing volumes, occupancy gains, shopper traffic and retail sales. Also, management raised the 2021 funds from operations (FFO) per share guidance to the $11.55-$11.65 range, up from the $10.70-$10.80 band projected earlier, suggesting an increase of 85 cents at the mid-point. Simon Property announced a 10% sequential hike in its fourth-quarter 2021 dividend. The company will now pay out $1.65 per share compared with the $1.50 paid out earlier. The increased dividend will be paid out on Dec 31 to its shareholders of record as of Dec 10, 2021.Simon Property Group currently carries a Zacks Rank #2 (Buy). Over the past month, the Zacks Consensus Estimate for 2021 FFO per share witnessed upward revision of 3.8% to $11.28, reflecting analysts’ bullish outlook.Another retail landlord is Federal Realty Investment Trust FRT, a North Bethesda, MD-based retail REIT boasting of a portfolio of premium retail assets — mainly situated in the major coastal markets from Washington, D.C. to Boston, San Francisco and Los Angeles — along with a diverse tenant base, both national and local.Federal Realty has strategically selected first-ring suburbs of nine major metropolitan markets. Due to the strong demographics and the infill nature of its properties, the company has been able to maintain a high occupancy level over the years. Moreover, its focus on open-air format and “The Pick-Up” concept has poised it well to lure tenants even amid the current health crisis. Furthermore, with the resumption of the economy, widespread vaccination and solid consumer spending, the retail REIT is poised to benefit from its superior assets in premium locations and experience improving leasing environment.Currently, FRT carries a Zacks Rank #2 and has a long-term growth rate of 8.4%. Moreover, for 2021, the stock has seen the Zacks Consensus Estimate for FFO per share being revised 4.9% upward to $ 5.36 over the past month. This also suggests an increase of 18.6% year over year.Our next pick is an industrial REIT stock — Rexford Industrial Realty, Inc. REXR — which is focused on the acquisition, ownership and operation of industrial properties situated in Southern California in-fill markets. Recently, Rexford announced shelling out $125.9 million to acquire five industrial properties in the prime in-fill Southern California submarkets.With these buyouts, Rexford’s 2021 acquisition activity has reached $1.4 billion. Also, more than $300 million of acquisitions are under contract or have accepted offer. Southern California is considered a highly valued industrial property market with supply constraints in the United States.Presently, Rexford carries a Zacks Rank #2 (Buy). The Zacks Consensus Estimate for the ongoing year’s FFO per share has been revised 2.5% upward over the last 30 days. This also indicates a projected increase of 23.5% year over year.The cart will be incomplete without another industrial REIT. A promising one on the shelf is Bellevue, WA-based Terreno Realty Corporation TRNO, which targets functional buildings at in-fill locations, which enjoy high-population densities and are located near high-volume distribution points.Terreno Realty recently shelled out $7.7 million to purchase an industrial property in Los Angeles, CA, as part of its acquisition-driven growth strategy. Backed by expansion efforts, TRNO is well poised to enhance its portfolio in the six major coastal U.S. markets — Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami and Washington, DC — which display solid demographic trends and witness healthy demand for industrial real estate.Terreno Realty currently carries a Zacks Rank of 2. The Zacks Consensus Estimate for the ongoing year’s FFO per share has been revised marginally upward to $1.72 over the last 30 days. This calls for an increase of 19.4% year over year.Here’s how the above stocks have performed in the past three months.Image Source: Zacks Investment ResearchNote: All EPS numbers presented in this write-up represent funds from operations (“FFO”) per share. FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income. Bitcoin, Like the Internet Itself, Could Change Everything Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities. Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly. See 3 crypto-related 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 Simon Property Group, Inc. (SPG): Free Stock Analysis Report Federal Realty Investment Trust (FRT): Free Stock Analysis Report Terreno Realty Corporation (TRNO): Free Stock Analysis Report Rexford Industrial Realty, Inc. (REXR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksNov 26th, 2021

Semtech (SMTC) & ZeeVee Strengthen Partnership for BlueRiver

Semtech (SMTC) collaborates with ZeeVee to attract more audiences to the Tennessee State Museum on the back of the BlueRiver technology, and ZyPer4K encoders and decoders. Semtech Corporation SMTC is leaving no stone unturned to increase the customer base with the help of a robust BlueRiver solution.The company recently partnered with ZeeVee to attract more audiences to the Tennessee State Museum by leveraging the BlueRiver technology. This testifies the abovementioned fact.The partnership also relies on ZeeVee’s ZyPer4K encoders and decoders for delivering uncompressed 4K at virtually zero latency.The BlueRiver platform and ZyPer4K encoders and decoders are based on the Software Defined Video over Ethernet (SDVoE) technology that distributes and manages AV signals.Previously, Semtech collaborated with ZeeVee to develop a premium gaming environment at the Westgate Resort & Casino in Las Vegas with the help of the BlueRiver technology and ZyPer4K encoders and decoders. Thus, the recent move strengthened their partnership.Semtech Corporation Price and Consensus Semtech Corporation price-consensus-chart | Semtech Corporation QuoteStrength of BlueRiver to Aid Pro AV ProspectsThe latest move has bolstered the company’s BlueRiver offerings. The BlueRiver platform provides cost-effective and efficient solutions to address the Pro AV market needs.Further, it provides only one programmable system on chip for replacing conventional AV or keyboard, video and mouse extenders, matrix switchers, videowall controllers as well as windowing processors with a network of transmitters, receivers, and off-the-shelf Ethernet switches.Manufacturers of the Pro AV equipment can create SDVoE compatible product lines with the help of BlueRiver.With BlueRiver, Semtech is expected to expand its presence in the global Pro AV market, which, per a report by 360 Market Updates, is likely to hit $3.27 billion by 2026, witnessing a CAGR of 4.1% between 2021 and 2026.Expanding Portfolio of SolutionsSemtech is making strong efforts to strengthen its portfolio of solutions including LoRa technology, AVX, BlueRiver, HDMI, laser drivers and others.Previously, the company introduced EClamp8052P, which uses board space efficiently, and solves issues related to electromagnetic compatibility as well as electrostatic discharge.In addition, Semtech added a new product, LoRaCorecell Reference Design, to the LoRa Core portfolio. The solution enables LoRaWAN gateways to simultaneously receive and transmit data.The company also introduced the GS12170 SDI/HDMI Bridge chip for converting HDMI signals to SDI and vice versa or SDI to SDI (gearbox).Further, Semtech introduced a new product, GN2256, in the Tri-Edge CDR portfolio for expanding 5G wireless infrastructure bandwidth.Zacks Rank & Stocks to ConsiderCurrently, Semtech carries a Zacks Rank #3 (Hold).Investors interested in the broader technology sector can consider stocks like Advanced Micro Devices AMD, Mimecast Limited MIME and TaskUs TASK, each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Advanced Micro Devices has gained 72.1% on a year-to-date basis. The long-term earnings growth rate for the stock is currently projected at 46.2%.Mimecast has gained 43.4% on a year-to-date basis. The long-term earnings growth rate for the stock is currently projected at 35%.TaskUs has gained 50.9% on a year-to-date basis. The long-term earnings growth rate for the stock is currently projected at 32.8%. Bitcoin, Like the Internet Itself, Could Change Everything Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities. Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly. See 3 crypto-related 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 Advanced Micro Devices, Inc. (AMD): Free Stock Analysis Report Semtech Corporation (SMTC): Free Stock Analysis Report Mimecast Limited (MIME): Free Stock Analysis Report TaskUs, Inc. (TASK): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksNov 26th, 2021

Advanced Energy (AEIS) Boosts Portfolio With 4100T Pyrometer

Advanced Energy (AEIS) introduces the Sekidenko 4100T pyrometer, which provides a high level of accuracy in temperature measurement. Advanced Energy AEIS is making strong efforts to strengthen the temperature measurement portfolio by adding new products to the same.The company’s recent introduction of the Sekidenko 4100T pyrometer validates the abovementioned fact.The 4100T optical fiber thermometer is an upgrade to the company’s OR4000T and provides a high level of accuracy in temperature measurement.It is to be noted that 4100T helps customers to simultaneously measure up to four different temperatures, thus minimizing the need for too many control boxes.The pyrometer offers a read speed of up to 1 kHz per channel, enabling quick thermal response to improve temperature control. Also, it maintains the uniformity of leading-edge semiconductor and adjacent thin-film applications.In addition, this optical fiber thermometer works as an ultimate solution for applications, wherein the wafer is in motion or is being processed at very high temperatures or high ramp rates.Advanced Energy Industries, Inc. Price and Consensus Advanced Energy Industries, Inc. price-consensus-chart | Advanced Energy Industries, Inc. QuoteLatest Product to Boost ProspectsThe recent move will help Advanced Energy to expand its presence in the booming pyrometer market.The market has been witnessing a significant rise owing to the increasing importance of contact-less temperature measurement instruments and the growing popularity of application-specific pyrometers.Further, the increasing demand for high-precision temperature measurement in industries including metals, metal oxides and ceramics is leading to the growing adoption of pyrometers. This is also propelling the market.Per a report by Markets and Markets, the pyrometer market is expected to hit $464 million by 2025, witnessing a CAGR of 7.3% between 2020 and 2025.Expanding Portfolio of SolutionsThe latest move bodes well for the company’s growing initiatives to expand its portfolio of technologically advanced solutions for various applications.Apart from the recent launch, the company introduced the TEGAMLink T2.0 mobile application to the TEGAM 930 Series Bluetooth thermometers for pharmaceutical and food safety applications.It also introduced AVD200-48S12, an ultra-small, high power density DC-DC power converter. Its efficient and cost-reducing feature makes it suitable for 5G digital communication modules, power-over-ethernet, and optical network applications in telecommunications as well as data communications.Advanced Energy also launched the Artesyn AIF06ZPFC series, a power factor correction module. It has greater efficiency and advanced features suitable for high-voltage equipment such as medical devices, unmanned aerial and terranean vehicles as well as industrial applications.Further, it introduced a new product, Paramount HP 10013 power generator, in the Paramount RF power generator product group, which is used for semiconductor and industrial thin-film applications.Zacks Rank & Stocks to ConsiderCurrently, Advanced Energy carries a Zacks Rank #3 (Hold).Investors interested in the broader technology sector can consider stocks like Advanced Micro Devices AMD, Mimecast Limited MIME and TaskUs TASK, each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Advanced Micro Devices has gained 72.1% on a year-to-date basis. The long-term earnings growth rate for the stock is currently projected at 46.2%.Mimecast has gained 43.4% on a year-to-date basis. The long-term earnings growth rate for the stock is currently projected at 35%.TaskUs has gained 50.9% on a year-to-date basis. The long-term earnings growth rate for the stock is currently projected at 32.8%. Bitcoin, Like the Internet Itself, Could Change Everything Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities. Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly. See 3 crypto-related 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 Advanced Micro Devices, Inc. (AMD): Free Stock Analysis Report Advanced Energy Industries, Inc. (AEIS): Free Stock Analysis Report Mimecast Limited (MIME): Free Stock Analysis Report TaskUs, Inc. (TASK): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksNov 26th, 2021

Here"s Why You Must Add Dillard"s (DDS) to Your Portfolio

Dillard's (DDS) looks well positioned for long-term growth on the back of solid demand, lower inventory and cost-cutting endeavors. Dillard’s Inc. DDS is worth giving a shot right now as its sound fundamentals and growth efforts look impressive. The stock has outperformed the industry and the overall Retail Wholesale in the past three months. DDS has skyrocketed 87.8% compared with the industry and the sector’s growth of 30.3% and 2.7%, respectively.The company’s earnings estimates for the fiscal third quarter and 2021 have moved up 110% and 20%, respectively, in the past 30 days. This positive trend signifies bullish analyst sentiments and justifies the company’s Zacks Rank #1 (Strong Buy), indicating further outperformance in the near term.That said, let’s delve into the factors that make Dillard’s a promising bet.What’s Driving the Stock?Dillard's has been witnessing an uptrend owing to its robust surprise trend, which continued in third-quarter fiscal 2021. The top and bottom lines surpassed the Zacks Consensus Estimate as well as advanced year over year. This marked the sixth straight quarter of earnings beat. The results gained from continued momentum in consumer demand, which somewhat offset global supply-chain issues, including shipping delays and disruptions in the transportation network.Net sales advanced 44.5% from the prior-year quarter, with total retail sales (excluding CDI Contractors, LLC) improving 47%. Total retail sales also increased 9% from the third quarter of fiscal 2019. Comparable store sales grew 48% year over year and 12% from the third quarter of fiscal 2019. The solid performance in children's and men's apparel as well as accessories contributed to quarterly growth. Adjusted earnings of $9.81 per share surged more than six-fold from the year-ago figure of $1.49. The uptick can be attributed to robust sales, improved margins and lower expenses.The company’s aggressive measures to lower excess inventory have been resulting in lower markdowns, thereby boosting gross margin. Retail gross margin improved significantly to 46.7% for the fiscal third quarter from 36.6% in the year-ago period and expanded 1,221 basis points (bps) from 34.5% in third-quarter fiscal 2019. On a consolidated basis, gross margin of 46.2% reflects a sharp improvement from 35.7% in the prior-year quarter.Dillard's has been undertaking several steps to reduce costs starting first-quarter fiscal 2020. Some of these are extension of vendor payment terms, reduction of discretionary and capital expenditures as well as payroll reduction. As a result, fiscal third-quarter consolidated SG&A expenses (as a percentage of sales) contracted 450 bps to 26.5% from the prior-year quarter's 31%.Image Source: Zacks Investment ResearchWrapping UpAll said, we believe that solid demand, improved inventory management and cost-cutting efforts are likely to keep up Dillard’s stellar show. Also, a VGM Score of A and long-term earnings growth rate of 14.6% drive optimism on the stock.Here's How Other Stocks FaredWe have highlighted three top-ranked stocks in the Retail - Wholesale sector, namely, Boot Barn Holdings BOOT, Tractor Supply Company TSCO and Costco COST.Boot Barn Holdings — the lifestyle retailer of western and work-related footwear, apparel, and accessories — currently sports a Zacks Rank #1. Shares of the company have rallied 44% in the past three months. You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for Boot Barn Holdings’ sales and earnings per share (EPS) for the current financial year suggests growth of 54.4% and 183.3%, respectively, from the year-ago period. BOOT has a trailing four-quarter earnings surprise of 35.3%, on average.Tractor Supply Company, a rural lifestyle retailer in the United States, presently carries a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 22.8%, on average. Shares of the company have gained 17.6% in the past three months.The Zacks Consensus Estimate for Tractor Supply Company’s sales and EPS for the current financial year suggests growth of 19% and 23.9%, respectively, from the year-ago period. TSCO has an expected EPS growth rate of 9.6% for three-five years.Costco, which operates membership warehouses, carries a Zacks Rank #3 (Hold) at present. The company has a trailing four-quarter earnings surprise of 7.7%, on average. Shares of Costco have gained 22.2% in the past three months.The Zacks Consensus Estimate for Costco’s sales and EPS for the current financial year suggests 9.6% and 9.7% growth, respectively, from the year-ago period. COST has an expected EPS growth rate of 8.7% for three-five years. Bitcoin, Like the Internet Itself, Could Change Everything Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities. Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly. See 3 crypto-related 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 Dillard's, Inc. (DDS): Free Stock Analysis Report Tractor Supply Company (TSCO): Free Stock Analysis Report Costco Wholesale Corporation (COST): Free Stock Analysis Report Boot Barn Holdings, Inc. (BOOT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksNov 26th, 2021

AmEx (AXP) Shows Strength so Far in Q4, Issues Long-Term View

American Express' (AXP) management remains optimistic about strong Q4 results and expects the momentum to continue into next year. American Express Company’s AXP management remains optimistic about strong fourth-quarter 2021 results backed by robust business results for the month of October and November of 2021. AXP thus remains confident about the momentum to sustain in 2022 and also stated certain long-term views.It’s worth mentioning that results in the month of October and November have already outpaced American Express’ better-than-expected figures reported in the third quarter of 2021. In the third quarter, AXP reported earnings of $2.27 per share, which surpassed the Zacks Consensus Estimate by 27.5% and surged 75% year over year. Total revenues net of interest expense of $10.9 billion beat the consensus mark by 3.6% and improved 25% year over year.The top line of American Express bore the brunt of the COVID-19 induced volatilities in 2020. Due to the transmission risks induced by the COVID-19 pandemic, severe restrictions were imposed on domestic as well as cross-border travel. This plagued AXP as a substantial portion of its revenues are derived from the Travel and Entertainment (“T&E”) segment. Though pandemic-related woes continue to linger, the global economy seems to be coming out of the woods and the previously-imposed travel bans continue to be somewhat relaxed. This is anticipated to pave the way for increased consumer spending and resumption of business activities. Card Member spending attained a record high in the third quarter of 2021.Revenues of American Express for the month of October were 8% higher than the figures reported in the pre-pandemic period of 2019. This definitely signals a turnaround for the business of the Zacks Rank #3 (Hold) financial services provider. A gradual economic recovery also keeps AXP’s management confident about its business strength for 2022.However, an issue that continues to offset the growth of American Express is the moderate recovery of the travel sector. Although T&E spending in third-quarter 2021 more than doubled compared to the 2020 level, it remained 29% lower than the figures reported in the pre-pandemic era.Long-Term OutlookOver the long term, management of American Express assumes that travel will bounce back to pre-pandemic levels as there remains suppressed demand for recreational tours. Business travel is also expected to recover completely. This might lead to increased T&E spending, thereby benefiting the top line of AXP.Other Factors Contributing to the GrowthAmerican Express continues to pursue a host of measures focused on technology advancements, introduction of secured digital solutions and assisting businesses in regulating payments. These initiatives have bolstered the digital suite and global foothold of the financial services provider. AXP has exhibited its commitment in rolling out innovative card offerings and upgradations of the existing ones in order to cater to the evolving needs of its Card Members.A strong cash position provides American Express with sufficient cash reserves to service debt levels. AXP Express has robust cash generating abilities, which enable it to pursue significant business investments and tactical shareholder-friendly initiatives via share buybacks and dividend payments.Apart from American Express, other companies like Mastercard Incorporated MA and The Western Union Company WU also remain confident about sound business prospects for 2021. This is clearly reflected in the strong guidance issued by the aforementioned companies related to either the fourth quarter of 2021 or for the full year.Mastercard continues to benefit on the back of revenue growth, several acquisitions and collaborations with several local and globally renowned organizations, which have enhanced its capabilities and bolstered global foothold. MA has been undertaking significant investments to upgrade digital capabilities. For the fourth quarter of 2021, Mastercard anticipates net revenues to witness growth in mid 20’s year over year.Western Union boasts of a robust digital arm, which it has built on the back of several digital partnerships and significant investments. For 2021, management anticipates earnings per share to lie within $2.05-$2.10, higher than the prior guidance $2-$2.10. The mid-point of the revised guidance indicates growth of 11% from the 2020-end reported figure. The company expects constant currency revenue growth of around 3-4% for 2021 compared with the prior outlook of “mid-single digit increase” (against a 3% decline in 2020).Shares of American Express have gained 42.3% in a year compared with the industry’s growth of 25.3%.Image Source: Zacks Investment ResearchWhile shares of Mastercard has inched up 0.3% in a year, Western Union's stock has lost 26.2% in the same time frame.A Stock to ConsiderA better-ranked player in the finance space includes The Blackstone Group Inc. BX, which sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Headquartered in New York, Blackstone is a well-renowned investment firm with assets under management (“AUM”) of $730.7 billion.as of Sep 30, 2021. A diversified product suite, revenue mix and superior position in the alternative investments space are likely to continue supporting AUM growth. The scale, diversified business, sustained record of strong investment performance and sound client relationships poise the investment firm well for growth in the days ahead.BX’ bottom line for 2021 has witnessed five upward estimate revisions in the past 60 days and no movement in the opposite direction. During this time period, its earnings estimates have risen 17.6%. Blackstone beat earnings estimates in each of the last four quarters, the average surprise being 23.74%. Bitcoin, Like the Internet Itself, Could Change Everything Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities. Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly. See 3 crypto-related 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 Blackstone Inc. (BX): Free Stock Analysis Report Mastercard Incorporated (MA): Free Stock Analysis Report American Express Company (AXP): Free Stock Analysis Report The Western Union Company (WU): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksNov 26th, 2021

Petrobras (PBR) Revises Production Guidance for 2022-2026

Petrobras (PBR) expects to produce an average of 2.7 million and 3.2 million barrels of oil equivalent per day in 2022 and 2026, respectively. Petroleo Brasileiro SA or Petrobras PBR plans to invest $68 billion from 2022-2026 to increase oil production in the subsea pre-salt area. The latest investment is a substantive increase from the previously announced $55 billion for the 2021-2025 period.In the five-year period, Petrobras will spend $57 billion on exploration and production, about $10 billion more than its previous plan. Of the total, $38.2 billion will be spent on pre-salt development, up from its previously mentioned $32.5 billion. PBR intends to add 15 production platforms, which will enter into production in the next five years.Petrobras expects to produce 2.7 million and 3.2 million barrels of oil equivalent per day in 2022 and 2026, respectively. Oil production is expected to reach 2.1 million barrels per day (b/d) in 2022, revised downward from its previously mentioned 2.3 million b/d. The target was revised due to the pandemic-led impacts and divestments this year. For 2026, PBR expects to produce 2.6 million b/d of oil.In the refining segment, Petrobras will invest $6.1 billion over the next five years to produce high-quality derivatives and base-oils to capitalize on the rising demand of the lubricant market. Petrobras plans to generate $15-$25 billion through asset divestments to support investment opportunities and improve the efficiency of operations. The divestments will also generate cash to clear debts.Petrobras plans to use its innovative capabilities to generate decarbonization solutions and new business lines. Per the plan, PBR will allot $2.8 billion for the decarbonization projects, including emission reduction at its refineries. Petrobras maintains its strategy to focus on projects that generate resources and contribute to Brazilian society.Company Profile & Price PerformancePetrobras is the largest integrated energy firm in Brazil and one of the biggest firms in Latin America. Its activities include exploring, exploiting and producing oil from reservoir wells, shale and other rocks. It comprises refining, processing, trading and transportation of oil and oil products, natural gas, and other fluid hydrocarbons besides other energy-related operations.Shares of Petrobras have outperformed the industry in the past six months. The stock has gained 15.7% against the industry’s 11.8% decline.Image Source: Zacks Investment ResearchZacks Rank & Other Stocks to ConsiderPetrobras currently carries a Zack Rank #2 (Buy).Investors interested in the energy sector might look at the following stocks that flaunt a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Centennial Resource Development, Inc. CDEV, based in Denver, CO, is an independent oil and gas exploration and production company. It develops unconventional hydrocarbon reserves in the Delaware Basin, part of the prolific Permian Basin. CDEV’s net production in 2020 was recorded at 67,161 barrels of oil equivalent per day, of which oil contributed 53.7% and natural gas and natural gas liquids accounted for the rest.In the past year, shares of Centennial Resource have soared 479% compared with the industry's surge of 116.9%. CDEV is expected to see an earnings growth of 127.6% in 2021. The company witnessed three upward revisions in the past 30 days. In third-quarter 2021, CDEV’s focus on cost reduction helped it generate net cash of $153.5 million from operating activities compared with $45.7 million in the year-ago period. Free cash flow generated during the quarter was $77.2 million, up from $10.5 million in the year-ago quarter.Devon Energy Corporation DVN is an independent energy company engaged in exploring, developing and producing oil and natural gas. Devon’s strong U.S. operations are spread across the key oil assets of Delaware Basin, Eagle Ford, Anadarko Basin, Williston Basin and Powder River Basin. At 2020-end, Devon Energy had proved reserves of approximately 752 million barrels of oil equivalent.In the past year, the stock has skyrocketed 220% compared with the industry's growth of 116.9%. In the past 60 days, the Zacks Consensus Estimate for Devon Energy’s 2021 earnings has been raised by 20.6%. It expects to record a year-over-year earnings surge of 3877.8% in 2021. DVN’s free cash flow at the end of third-quarter 2021 was $1.1 billion, up eight-fold from fourth-quarter 2020 levels. The company will continue to prioritize free cash flow generation in 2022 and deploy a major portion of the same to dividends and share buybacks.PDC Energy PDCE is an independent upstream operator that engages in the exploration, development and production of natural gas, crude oil and natural gas liquids. PDCE reached its present form following the January 2020 combination with SRC Energy. It is currently the second-largest producer in the Denver-Julesburg Basin. As of 2020-end, PDC Energy's total estimated proved reserves were 731,073 thousand barrels of oil equivalent.In the past year, shares of PDC Energy have increased 210.1% compared with the industry's growth of 116.9%. PDCE's earnings for 2021 are expected to surge 273.4% year over year. In the past 60 days, the Zacks Consensus Estimate for PDC Energy's 2021 earnings has been raised by 26.8%. PDCE beat the Zacks Consensus Estimate in the last four quarters, ending with an earnings surprise of 51.06%, on average. Bitcoin, Like the Internet Itself, Could Change Everything Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities. Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly. See 3 crypto-related 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 Devon Energy Corporation (DVN): Free Stock Analysis Report Petroleo Brasileiro S.A. Petrobras (PBR): Free Stock Analysis Report PDC Energy, Inc. (PDCE): Free Stock Analysis Report Centennial Resource Development (CDEV): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksNov 26th, 2021

Here"s Why Commercial Metals (CMC) is an Attractive Bet Now

Commercial Metals (CMC) will gain from solid steel demand across the end markets, driven by elevated spending on the residential and construction sector as well as focus on cost reductions. Commercial Metals Company CMC is gaining from robust steel demand, driven by elevated spending on the residential and construction sector in North America and recovery in the manufacturing sector. The company’s focus on price-rise across its mill products in response to rapidly-rising scrap costs and financial strength makes it an attractive investment option.The company currently carries a Zacks Rank #2 (Buy) and has a VGM Score of A. Our research shows that stocks with a VGM Score of A or B, when combined with a Zacks Rank #1 (Strong Buy) or 2, offer the best investment opportunities. You can see the complete list of today’s Zacks #1 Rank stocks here.Let's discuss the factors that make the Commercial Metals stock a compelling investment option at the moment.Positive Earnings Surprise TrendThe company has a trailing four-quarter earnings surprise of 7.4%, on average. In the past five years, the company generated earnings growth of 32%.Impressive Price PerformanceThe company’s shares have gained 64.9% in the past year compared with the industry’s growth of 51.6%.Image Source: Zacks Investment ResearchUpbeat Growth ProjectionsThe Zacks Consensus Estimate for fiscal 2022 earnings per share is currently pegged at $3.70, indicating growth of 4.8% from the prior year’s figure. The same has moved up 10.7% in the past 60 days.Solid Financial PositionCommercial Metals’ solid liquidity, financial position and focus on reducing debt will stoke growth. The company had a credit capacity of $699 million at the end of the fiscal fourth quarter, with cash in hand of $498 million. On Oct 13, the company’s board hiked the quarterly dividend by 17% to 14 cents per share, which marks its first dividend increase in more than a decade. Its net debt to trailing 12-month adjusted EBITDA ratio stood at 0.8 at the end of the fiscal fourth quarter, while net debt to capitalization is just 17%.   Other Growth DriversCommercial Metals continues to witness stellar demand for steel products across most end markets. In North America, the company is gaining from strong rebar demand, supported by the solid construction growth along with robust merchant bar and wire rod demand. Solid construction activity in Europe is driving new residential construction work in the region, primarily in Poland. Overall, a strong construction backlog in North America as well as strength across the key end markets in both North America and Europe will continue supporting the solid steel sales volumes in fiscal 2022.Commercial Metals continue to gain from its ongoing network optimization efforts, which will generate additional margin and reduce costs in the near future. In sync with this, the capacity-curtailment initiative at the West Coast fabrication facility is likely to provide cost benefits in the days to come.Commercial Metals is progressing well with the construction of a third micro mill in Arizona 2, which will be the world's first mill to produce merchant bar quality (MBQ) steel products. The company ramped up its third new rolling line in Europe, aiding the strong demand for merchant and wire rod products in the Central European industrial market. It is implementing price a rise across its mill products in response to the rapidly-rising scrap costs.Other Stocks to ConsiderSome other top-ranked stocks in the basic materials space are Olin Corporation OLN, Bunge Limited BG and Nucor Corporation NUE. While Olin and Bunge flaunt a Zacks Rank #1, Nucor carries a Zacks Rank #2.Olin’s third-quarter 2021 adjusted earnings beat the Zacks Consensus Estimate, while revenues missed the same. It has an expected earnings growth rate of around 740% for the current fiscal year. The Zacks Consensus Estimate for current-year earnings has been revised 20.5% upward in the past 60 days.Olin’s shares have surged 229% in the past year. The company has a long-term earnings growth of 56%.Bunge’s third-quarter 2021 earnings and sales beat the respective Zacks Consensus Estimate. It has a trailing four-quarter earnings surprise of 105.7%, on average. The company has an estimated earnings growth rate of around 45% for the current year. In the past 60 days, the Zacks Consensus Estimate for current-year earnings has been revised upward by 36%.Bunge’s shares have appreciated 60% in the past year. It has a long-term earnings growth of 12.6%.Nucor’s third-quarter adjusted earnings missed the Zacks Consensus Estimate, while sales beat the same. It has a trailing four-quarter earnings surprise of 2.74%, on average.Nucor has a projected earnings growth rate of around 583% for 2021. The Zacks Consensus Estimate for current-year earnings has been revised upward by 18.1% in the past 60 days. The company’s shares have soared 128% in a year. Bitcoin, Like the Internet Itself, Could Change Everything Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities. Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly. See 3 crypto-related stocks now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Nucor Corporation (NUE): Free Stock Analysis Report Bunge Limited (BG): Free Stock Analysis Report Commercial Metals Company (CMC): Free Stock Analysis Report Olin Corporation (OLN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksNov 26th, 2021

ExxonMobil (XOM) Signs Deal to Commercialize Low-Carbon Biofuels

ExxonMobil (XOM) and Viridos will develop infrastructure and agronomic methods to produce algae biofuels in commercial quantities. Exxon Mobil Corporation XOM inked an agreement to commercialize Viridos’ low-carbon biofuel projects. The move is an effort toward climate change mitigation.Since 2009, ExxonMobil and biotech company Viridos have been exploring and developing oil from algae as a renewable, low-emission alternative to transportation fuels. ExxonMobil backed Viridos for developing advanced bioengineering tools, enabling other parties’ scope to access and develop the technology.Both companies will develop infrastructure and agronomic methods to produce algae biofuels in commercial quantities. The agreement will help determine and deploy the biofuels needed to reduce emissions from crucial areas of the economy, such as heavy-duty transportation. Viridos also plans to use low-carbon biofuels in aviation, commercial trucking and maritime shipping.The ExxonMobil-Viridos partnership experienced a turbulent period for the algal biofuel sector. Researchers were hindered in developing a strain, which was high in oil content and grew rapidly. These are two important characteristics for scalable and profitable oil production. The slower growth had an undesirable effect on increasing algae oil production volumes.In the past few years, Viridos’ expertise in engineering microalgae helped achieve significant growth in bio-oil productivity by increasing the oil content in the algae and the algae yield. Viridos’ advancements in low-carbon biofuels came after its significant gains through research and genomes, mainly with transplanting the first genome, synthesizing the first bacterial genome and creating the first synthetic cell.The companies intend to enhance participation and urge people to create the ecosystem needed for full-scale deployment.Company Profile & Price PerformanceHeadquartered in Irving, TX, ExxonMobil is one of the leading integrated energy companies in the world.Shares of ExxonMobil have outperformed the industry in the past three months. The XOM stock has gained 15.4% compared with the industry's 14.4% growth.Image Source: Zacks Investment ResearchZacks Rank & Stocks to ConsiderExxonMobil currently carries a Zack Rank #3 (Hold).Investors interested in the energy sector might look at the following stock that presently carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy)stocks here.Continental Resources, Inc. CLR is an explorer and producer of oil and natural gas. CLR operates resources across the East, South and North areas in the United States.  Continental Resources' strategic water assets add huge value to its operations in Bakken and Oklahoma. As of Dec 31, 2020, CLR's estimated proved reserves were 1,103.8 MMBoe.In the past year, shares of Continental Resources have surged 203.8% compared with the industry's growth of 141.7%. CLR's earnings for 2021 are expected to surge 486.3% year over year. CLR currently has a Zacks Style Score of A for Growth and B for Value. Notably, CLR's board of directors increased its quarterly dividend payment to 20 cents per share from 15 cents in the previous quarter. Continental Resources also resumed its existing stock repurchase program. CLR already executed $65 million of share repurchases in the September-end quarter, while $618 million of the share-repurchase capacity remain available.Northern Oil and Gas, Inc. NOG is an independent upstream operator engaged in acquiring, exploring, developing and producing oil and natural gas properties. NOG employs a unique strategy wherein it owns non-operating minority interests in thousands of oil and gas wells, which are majority-owned and operated by some leading producers.  As of 2020 end, NOG had a proved reserve base of 122.6 million barrels of oil equivalent.In the past year, shares of Northern Oil and Gas have gained 221.1% compared with the industry's growth of 116.9%. NOG is also projected to witness a year-over-year earnings surge of 122% in 2021.  NOG witnessed five upward revisions in the past 30 days. Prioritizing returns to investors, NOG recently initiated a 3 cents per share quarterly base dividend, with the first payment made in the third quarter. It plans to hike the payout to 4.5 cents following the closure of the Permian acquisitions. The company’s debt maturity profile is also in good shape, with the earliest maturity ($550 million) in 2028.Petrobras S.A. PBR is one of the largest publicly-traded Latin American oil companies, which dominates Brazil's oil and gas sector. PBR produces most of Brazil's crude oil and natural gas. It accounts for almost the entire refining capacity of the country. Petrobras is currently valued at $67.4 billion.In the past year, shares of Petrobras have gained 15.4% against the industry's 9% decline. PBR is expected to see earnings growth of 579.1% in 2021. PBR currently has a Zacks Style Score of A for both Value and Growth. In the third quarter, Petrobras generated a positive free cash flow for the 26th consecutive quarter, with the metric coming at $9,019 million, rising from $7,468 million recorded in last year's corresponding period. Bitcoin, Like the Internet Itself, Could Change Everything Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities. Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly. See 3 crypto-related 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 Exxon Mobil Corporation (XOM): Free Stock Analysis Report Petroleo Brasileiro S.A. Petrobras (PBR): Free Stock Analysis Report Continental Resources, Inc. (CLR): Free Stock Analysis Report Northern Oil and Gas, Inc. (NOG): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksNov 26th, 2021

CVB Financial (CVBF)-Suncrest Merger Gets Regulatory Approvals

CVB Financial (CVBF) announces that the $204-million-merger deal between Suncrest Bank and Citizens Business Bank has received regulatory approvals. CVB Financial Corp. CVBF, the holding company for Citizens Business Bank, announced that Citizens has received regulatory approvals from the Federal Deposit Insurance Corporation and the California Department of Financial Protection and Innovation to complete its previously-announced merger agreement with Suncrest Bank. The stock-and-cash deal worth $204 million, announced this July, is expected to close on or about Jan 7, 2022, subject to the satisfaction of all remaining closing conditions.The president and CEO of CVB Financial and Citizens, David A. Brager, stated, “We are pleased to have obtained all required regulatory approvals or non-objections for our anticipated merger with Suncrest Bank. This acquisition is an exciting opportunity for Citizens Business Bank to expand our presence northward to the Sacramento area and to bolster our already strong position in the important Central Valley region of California.”Ciaran H. McMullan, the president and CEO of Suncrest Bank, commented, “We believe the anticipated merger of Suncrest Bank and Citizens Business Bank is a tremendous opportunity for our customers and employees, and our shareholders voted overwhelmingly in favor of the merger at our special shareholders meeting on October 27, 2021. Citizens Business Bank’s ability to offer a wider range of products and higher credit capacity along with a proven commitment to excellent service fits very well with the community banking model of Suncrest Bank.”Terms of the Merger and Financial ImpactOn Jul 27, in an effort to expand its presence, CVB Financial announced an agreement and plan of reorganization and merger, according to which Suncrest bank would merge with and into Citizens. The acquisition would be the second-largest in CVB Financial’s history.It was decided that once the merger would be closed, each shareholder of Suncrest Bank would receive 0.6970 shares of CVB Financial’s common stock and $2.69 per share in cash.Accordingly, CVB Financial will be paying approximately 8.5 million shares of its common stock and $39 million in cash (subject to purchase price adjustment provisions and other terms outlined in the agreement).Suncrest Bank shareholders will hold approximately 6% of CVB Financial’s outstanding common stock following the merger.At the time of the deal announcement, CVB Financial expected the transaction to result in earnings per share accretion of 3.5% in 2023 (excluding one-time transaction costs and assuming full realization of cost savings).Also, the merger was anticipated to be 0.8% dilutive to tangible book value per share, with an earn-back period of less than 1.75 years and an internal rate of return of 20%.Notably, Suncrest Bank is headquartered in Visalia, CA. It has seven branches and two loan production offices throughout California’s Central Valley.Over the past year, shares of CVB Financial have gained 3.3% compared with 72.4% growth recorded by the industry. Image Source: Zacks Investment ResearchCurrently, CVB Financial carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.Inorganic Growth Efforts by Other FirmsSeveral companies from the finance sector are undertaking consolidation efforts to counter the low-interest-rate environment along with the heightened costs of investments in technology.Recently, Citizens Financial Group, Inc. CFG completed its previously announced merger with JMP Group LLC. Citizens Financial announced the all-cash deal in September in a bid to augment its capital market capabilities.The buyout is expected to foster growth, diversify Citizens Financial's capital market platform and provide greater scale in key verticals like healthcare, technology, financials and real estate.Likewise, in an effort to broaden its capabilities for institutional investors and investment management clients, SEI Investments Company SEIC acquired a global portfolio intelligence platform company, Novus Partners.SEI Investments' chairman and CEO, Alfred P. West, Jr., stated, "The financial services landscape is ever-evolving. Our markets continue to face an unprecedented pace of change, and we continuously seek opportunities to stay ahead of and manage this change. By making strategic investments in our solutions and workforce, we drive growth and help our clients make confident decisions for their futures."A few days ago, U.S. Bancorp USB, the parent company of U.S. Bank, agreed to acquire San Francisco-based fintech firm, TravelBank, which offers technology-driven cost and travel management solutions.The acquisition will help U.S. Bank, which is already an industry leader in delivering innovative corporate payment solutions like virtual corporate credit cards and tools to improve working capital, accelerate the integration of digital payments within its commercial segment. Bitcoin, Like the Internet Itself, Could Change Everything Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities. Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly. See 3 crypto-related 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 U.S. Bancorp (USB): Free Stock Analysis Report CVB Financial Corporation (CVBF): Free Stock Analysis Report SEI Investments Company (SEIC): Free Stock Analysis Report Citizens Financial Group, Inc. (CFG): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksNov 26th, 2021

Insperity (NSP) Up on Worksite Employees Growth, Expenses Ail

Insperity's (NSP) top line continues to benefit from an increase in average number of worksite employees paid per month. Insperity, Inc. NSP shares have had an impressive run on the bourses over the past year. The stock has appreciated 53.7% over the past year, outperforming the 52.7% rise of the industry it belongs to.The company recently reported third-quarter 2021 adjusted earnings of 89 cents per share, which beat the Zacks Consensus Estimate by 6% but decreased 2.2% year over year. Revenues of $1.21 billion surpassed the consensus mark by 3.5% and increased 20% year over year.Insperity, Inc. Price Insperity, Inc. price | Insperity, Inc. QuoteHow is Insperity Doing?Insperity’s top-line growth is directly proportional to the rise in the average number of worksite employees paid per month. In third-quarter 2021, revenues grew 20% year over year on the back of 8% increase in revenues per worksite employees (WSEEs) and 11% increase in paid worksite employees. The average number of worksite employees paid per month, 257,560, inched up 11.1% year over year. Worksite employee growth is being driven by strength across sales, higher client retention and rise in net hiring of worksite employees by the company’s client base.Insperity, being an integrated human resources and business solutions provider, offers a comprehensive suite of HR services solutions through professional employer organization (“PEO”) services known as Workforce Optimization and Workforce Synchronization solutions. With the help of these solutions, Insperity serves small- and medium-sized businesses in select markets throughout the United States. Apart from PEO services, Insperity is also focusing on its Workforce Administration solution that provides human capital management and payroll services solutions. Additional offerings of the company include time and attendance, organizational planning, recruiting services, employment screening, performance management, retirement services as well as insurance services.Insperity is seeing an increase in expenses as it continues to invest in growth, technology, and product and service offerings. During third-quarter 2021, operating expenses of $490.83 million increased 8.5% year over year.Zacks Rank and Stocks to ConsiderInsperity currently carries a Zacks Rank #3 (Hold).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Some other top-ranked stocks in the broader Business Services sector are Avis Budget CAR and Cross Country Healthcare (CCRN), both sporting a Zacks Rank #1, and Charles River Associates (CRAI), carrying a Zacks Rank #2 (Buy).Avis Budget has an expected earnings growth rate of 420.6% for the current year. The company has a trailing four-quarter earnings surprise of 76.9%, on average.Avis Budget’s shares have surged 744.3% in the past year. The company has a long-term earnings growth of 18.8%.Cross Country Healthcare has an expected earnings growth rate of 447.8% for the current year. The company has a trailing four-quarter earnings surprise of 75%, on average.Cross Country Healthcare’s shares have surged 201% in the past year. The company has a long-term earnings growth of 21.5%.Charles River Associates has an expected earnings growth rate of 61.2% for the current year. The company has a trailing four-quarter earnings surprise of 51%, on average.Charles River’s shares have surged 119.3% in the past year. The company has a long-term earnings growth of 15.5%. Bitcoin, Like the Internet Itself, Could Change Everything Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities. Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly. See 3 crypto-related 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 Charles River Associates (CRAI): Free Stock Analysis Report Avis Budget Group, Inc. (CAR): Free Stock Analysis Report Insperity, Inc. (NSP): Free Stock Analysis Report Cross Country Healthcare, Inc. (CCRN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksNov 26th, 2021

SiteOne Landscape (SITE) Gains 26% in 3 Months: Here"s Why

SiteOne Landscape (SITE) benefits from solid product offerings, healthy demand and impressive operational and commercial actions. Synergistic benefits from acquisitions add to prospects. Shares of SiteOne Landscape Supply, Inc. SITE have gained an impressive 25.7% in the past three months. Solid product offerings, better-than-expected financial performance and healthy growth opportunities have added to SITE’s attractiveness. It presently sports a Zacks Rank #1 (Strong Buy).SiteOne Landscape engages in distributing landscape supplies for use in golf courses, outdoor spaces, lawns and gardens. It has a solid customer base in Canada and the United States and primarily includes landscape professionals, both from commercial and residential markets. The company is based in Roswell, GA, and has a market capitalization of $11.3 billion.The company belongs to the Zacks Industrial Services industry, which comes under the ambit of the Zacks Industrial Products sector. The industry is in the top 41% (with rank of 104) among more than 250 Zacks industries. In the past three months, the industry has declined 11.2%. The S&P 500 has gained 4.1% during the same period while the sector has lost 0.5%.Image Source: Zacks Investment ResearchFactors Influencing the StockIn the past three months, SiteOne Landscape reported better-than-expected results in the third quarter of 2021. Its earnings surpassed the Zacks Consensus Estimate by 41.46% and increased 61.1% from the year-ago quarter. Healthy sales growth and margin improvements supported the  bottom line.In addition to the solid financial performance, strengthening demand for landscaping services and products, benefits from operational and commercial operations and a wide customer base are beneficial for SiteOne Landscape. Solid backlog and synergistic gains from acquired assets (detailed below) too are tailwinds.For 2021, SiteOne Landscape predicts adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) to be $380-$400 million, above the previously stated $335-$365 million. The revised projection reflects year-over-year growth of 46-54%. SITE also predicts growth in adjusted EBITDA margin.Regarding buyout actions, SiteOne Landscape has made seven acquisitions so far in 2021. Its latest deal is the Semco Stone, LLC acquisition (on Nov 15).In the first three quarters of 2021, SITE invested $71.1 million for purchasing businesses (net of acquired cash). Buyouts boosted sales by $73.5 million (or 10% on a year-over-year basis) in the third quarter.The Zacks Consensus Estimate for SiteOne Landscape’s earnings per share is pegged at $4.87 for 2021 and $5.17 for 2022, marking increases of 13.8% and 13.4% from the respective 30-day-ago figures. Also, the consensus mark for the fourth quarter of 27 cents per share has jumped 50% over the past 30 days. Such upward revisions in earnings estimates reflect the company’s healthy operating conditions.SiteOne Landscape Supply, Inc. Price and Consensus SiteOne Landscape Supply, Inc. price-consensus-chart | SiteOne Landscape Supply, Inc. QuoteOther Stocks to ConsiderThree other top-ranked stocks from the sector are discussed below.Shares of Heritage-Crystal Clean, Inc. HCCI have gained 17.8% in the past three months. HCCI’s performance in the last reported quarter was impressive, with an earnings beat of 33.90%.In the past 30 days, the Zacks Consensus Estimate for Heritage-Crystal’s earnings has been unchanged for 2021 and 2022. The company presently sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here. Global Industrial Company’s GIC shares have gained 11.3% in the past three months. GIC’s results in the last quarter were better than expected, with earnings surpassing estimates by 1.67%.In the past 30 days, the Zacks Consensus Estimate for Global Industrial’s earnings has increased 1.2% for 2021 and 10.1% for 2022. The GIC stock presently carries a Zacks Rank #2.Shares of ScanSource, Inc. SCSC have decreased 6.3% in the past three months. SCSC’s performance in the last reported quarter was impressive, with an earnings beat of 32.00%.In the past 30 days, the Zacks Consensus Estimate for Helios Technologies’ earnings has increased 0.9% for fiscal 2022 (ending June 2022) and 2.2% for fiscal 2023 (ending June 2023). The company presently carries a Zacks Rank #2. Bitcoin, Like the Internet Itself, Could Change Everything Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities. Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly. See 3 crypto-related 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 ScanSource, Inc. (SCSC): Free Stock Analysis Report Global Industrial Company (GIC): Free Stock Analysis Report HeritageCrystal Clean, Inc. (HCCI): Free Stock Analysis Report SiteOne Landscape Supply, Inc. (SITE): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksNov 26th, 2021

Snowflake (SNOW) to Report Q3 Earnings: What"s in the Cards?

Snowflake's (SNOW) third-quarter fiscal 2022 results are likely to benefit from strong demand for the Data Cloud platform and expanded clientele. Snowflake SNOW is set to release third-quarter fiscal 2022 results on Dec 1.The Zacks Consensus Estimate for the top line is currently pegged at $304 million, up 90.5%. The consensus mark for the bottom line has been unchanged at loss of 6 cents per share over the past 30 days.Snowflake’s earnings missed the Zacks Consensus Estimate in three of the trailing four quarters, beating once, with the average negative earnings surprise being 2.45%.Let’s see how things have shaped up for Snowflake prior to this announcement: Snowflake Inc. Price and EPS Surprise Snowflake Inc. price-eps-surprise | Snowflake Inc. Quote Factors to ConsiderSnowflake’s third-quarter fiscal 2022 results are expected to reflect the ongoing transition from cloud-based repositories and on-premise data centers to the Data Cloud.Strong adoption of its cloud-native solutions from Media and telecom, technology, financial services and health care customers is expected to have aided Snowflake’s top-line growth in the to-be reported quarter. Moreover, growth in exposure to the data warehousing market and an expanding enterprise customer base are expected to have driven top-line growth.At the end of the fiscal second quarter, the company had 4,990 total customers and 116 customers with trailing 12-month product revenues greater than $1 million, an increase from 104 customers in the previous quarter. The momentum is expected to have continued in the to-be-reported quarter.Key Developments in Q3In the fiscal third quarter, Snowflake and Citi C announced a strategic initiative to provide a frictionless solution for post-trade processes across the industry.The partnership combines Snowflake’s powerful and secure data sharing and multi-party permissioning capabilities, and Citi’s extensive market expertise with the industry-leading proprietary custody network spanning over 60 markets and its top global markets franchise, in Snowflake’s Data Cloud provider-agnostic cloud environment.    Snowflake announced the Financial Services Data Cloud solutionin the reported quarter.What Our Model IndicatesPer the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.Snowflake has an Earnings ESP of 1.82% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.Other Stocks to ConsiderHere are a few other companies worth considering, as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases:CrowdStrike CRWD has an Earnings ESP of +0.92% and a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here.CrowdStrike shares have returned 9% year to date compared with the Zacks Internet Software industry’s decline of 15%. CrowdStrike has underperformed the Computer & Technology sector’s return of 26.2% year to date.Coupa Software COUP has an Earnings ESP of +41.18% and a Zacks Rank of 3.Coupa shares have declined 40.1% year to date compared with the Zacks Internet Software  industry’s decline of 15%. Coupa has underperformed the Computer & Technology sector’s return of 26.2% year to date. Bitcoin, Like the Internet Itself, Could Change Everything Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities. Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly. See 3 crypto-related 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 Citigroup Inc. (C): Free Stock Analysis Report Coupa Software, Inc. (COUP): Free Stock Analysis Report Snowflake Inc. (SNOW): Free Stock Analysis Report CrowdStrike (CRWD): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksNov 26th, 2021

OKTA Gears Up to Report Q3 Earnings: What"s in the Cards?

OKTA's third-quarter fiscal 2022 results are expected to reflect continued adoption of Identity solutions. However, growing investments are likely to keep margins under pressure. Okta, Inc. OKTA is set to report third-quarter fiscal 2022 results on Dec 1.For the fiscal third quarter, Okta anticipates non-GAAP net loss in the range of 24-25 cents per share.  The Zacks Consensus Estimate for loss per share has remained steady at 23 cents over the past 30 days.Okta expects revenues in the range of $325-$327 million, indicating growth of 50% from the year-ago period reported figure. The Zacks Consensus Estimate for revenues is pegged at $327.3 million, indicating an increase of 50.6% from the year-ago quarter’s reported figure.Okta’s earnings beat the Zacks Consensus Estimate in the trailing four quarters, the average earnings surprise being 329.6%.Let’s see how things have shaped up for Okta prior to this announcement: Okta, Inc. Price and EPS Surprise Okta, Inc. price-eps-surprise | Okta, Inc. Quote Factors to ConsiderOkta’s third-quarter fiscal 2022 results are expected to reflect benefits of new product additions, continued adoption and increased use cases of identity solutions.Okta Identity Cloud’s capability to consolidate and easily integrate existing applications without compromising security or stability is attracting customers. Okta products’ ability to automate process, secure data and reduce costs is also a positive.The company has been winning contracts in the public sector, which are expected to have driven top-line growth in the to-be-reported quarter.However, continued investments in research & development toward its solutions are expected to have kept Okta’s third-quarter fiscal 2022 margins under pressure.What Our Model IndicatesPer the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.Okta has an Earnings ESP of -3.23% and a Zacks Rank #4 (Sell). You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.Stocks to ConsiderHere are a few companies worth considering, as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases:Snowflake SNOW has an Earnings ESP of +1.83% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.Snowflake shares have returned 26.3% year to date compared with the Zacks Internet – software industry’s decline of 15% and the Computer & Technology sector’s return of 26.2% year-to-date.CrowdStrike CRWD has an Earnings ESP of +0.92% and a Zacks Rank of 3.CrowdStrike shares have returned 9% year to date compared with the Zacks Internet - Software industry’s decline of 15%. CrowdStrike has underperformed the Computer & Technology sector’s return of 26.2% year-to-date.Coupa Software COUP has an Earnings ESP of +41.18% and a Zacks Rank of 3.Coupa shares have declined 40.1% year to date compared with the Zacks Internet - Software industry’s decline of 15%. Coupa has underperformed the Computer & Technology sector’s return of 26.2% year to date. Bitcoin, Like the Internet Itself, Could Change Everything Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities. Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly. See 3 crypto-related 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 Coupa Software, Inc. (COUP): Free Stock Analysis Report Snowflake Inc. (SNOW): Free Stock Analysis Report Okta, Inc. (OKTA): Free Stock Analysis Report CrowdStrike (CRWD): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksNov 26th, 2021

Bull of the Day: BJ"s Wholesale Club (BJ)

Wholesale retail is hot right now, and this company is reaping the rewards. BJ’s Wholesale Club BJ is a membership-only retail club chain that operates primarily on the East Coast, as well as in Ohio and Michigan. BJ’s offers members a variety of name-brand products at discount wholesale prices across many categories like grocery, household, pet, toys, and more.Q3 Earnings RecapBJ’s revenue grew 14.3% year-over-year to $4.26 billion; actual product sales increased 14.4% while membership fees rose 7.7% over the prior-year period. "Membership size and quality continue to improve; first-year renewal rates remain at historic levels,” said BJ’s in the earnings press release.Earnings came in at $0.92 per share, showing healthy improvement over Q3 2020 and easily beating Wall Street’s projections of $0.81 per share.Comparable store sales (excluding gasoline sales) gained an impressive 5.7%, with digital sales spiking 44% year-over-year.Cash flow remains strong too. Net cash provided by operating activities hit $173.9 million and free cash flow was $99.2 million for the quarter. BJ’s board also authorized a $500 million share repurchase program.Notably, supply chain challenges weren’t too much of a factor for BJ’s in Q3. Gross profit margin did drop by 0.2 percentage points, but the wholesaler was able to offset that slump by selling more high-margin products like consumer electronics.BJ Breaks Out  Year-to-date, shares of BJ have soared over 81%, which is above the S&P 500’s 25.2% increase. Earnings estimates have been rising too, and BJ is a Zacks Rank #1 (Strong Buy) as of this writing.For fiscal 2021, seven analysts have revised their bottom-line estimate upwards in the last 60 days, and the Zacks Consensus Estimate has moved up 26 cents to $3.18 per share. Earnings are expected to grow about 3% compared to the prior year period. Fiscal 2022 looks strong too; seven analysts have upped their outlook and our consensus estimate has climbed 30 cents to $3.46 per share.Looking ahead, BJ’s management declined to offer guidance for the holiday quarter, citing “[continued] external factors and uncertainties in the market.”But its improving membership renewal rates is a great sign as BJ’s looks to finish 2021 on a strong note and continue to expand its footprint. The market share BJ’s gained throughout the pandemic is a good sign that there’s still growing demand for wholesale retail.If you’re an investor searching for a retail sector stock to add to your portfolio, make sure to keep BJ on your shortlist. Bitcoin, Like the Internet Itself, Could Change Everything Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities. Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly. See 3 crypto-related 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 BJ's Wholesale Club Holdings, Inc. (BJ): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksNov 26th, 2021

Top 5 Bank Stocks as Fed May Hike Rate Sooner Than Expected

We have narrowed our search to five regional banking stocks that have provided double-digit returns in the past three months. These are: BOKF, BPOP, CPF, CFB and SFST. On Nov 24, the Fed released the minutes of its FOMC meeting held in November. The minutes revealed that Fed members unanimously showed deep concerns about skyrocketing inflation. They also expressed their desire to speed up the tapering of the quantitative easing program and hike interest rate sooner-than-expected if inflation continues to rise in the near term.A higher interest rate will benfit the financial sector, especially for banks. At this stage, it will be prudent to invest in bank stocks with a favorable Zacks Rank. Here are five such stocks — BOK Financial Corp. BOKF, Southern First Bancshares. SFST, Central Pacific Financial Corp. CPF, CrossFirst Bankshares Inc. CFB and Popular Inc. BPOP.Fed May Take Tough StandMinutes of the Fed’s latest FOMC meeting indicated that the central bank would not hesitate to take a tough stand and deviate from its ongoing ultra-dovish monetary policies unless inflation shows signs of a decline.On Nov 3, Powell said in his post-FOMC meeting statement that the Fed would start reducing its existing $120 billion per month bond-buy program ($80 billion Treasury Note and $40 billion mortgage-backed securities) effective this month.The Fed decided to reduce its existing bond-buy program by $15 billion ($10 billion Treasury Note and $5 billion mortgage-backed securities) per month. At this rate, the quantitative easing program will terminate in June 2022. Consequently, the first rate hike is not expected before the second half of 2022.However, after the release of the FOMC minutes, a large section of economists and financial researchers believe that the central bank may discuss and decide to speed up the pace of tapering to raise the benchmark interest rate in the first half of next year in its next FOMC meeting from Dec 14-15.The personal consumption expenditure (PCE) price index for the month of October came in at 5%, marking the fastest gain since November 1990. The core PCE price index (excluding volatile food and energy items) — Fed’s favorite gauge of inflation — climbed 4.1% year over year in October, its highest since January 1991. The consumer price index (CPI) — popularly known as household inflation — jumped 6.2% year over year in October, marking its highest monthly rise in 31 years.The CME FedWatch currently shows that market participants are expecting three rate hikes in 2022 each with a magnitude of a quarter basis points. Notably, the Fed is maintaining the benchmark lending rate in the range of 0-0.25%, which it set in March 2020 at the advent of the global outbreak of coronavirus.Banks Likely to BenefitA hike in interest rate will raise the cost of funds, which would enable the financial sector, especially banks, to widen the spread between longer-term assets, such as loans, with shorter-term liabilities, thus boosting profits margins.Banks have been witnessing a contraction in net interest margins (an important barometer to gauge banks’ financial performance) owing to near-zero rates. This is also hurting their top-line growth.Consequently, as the Fed starts raising interest rates, pressure on margins will gradually alleviate and support banks’ net interest income. Despite the diversification of revenue streams, banks earn a major portion of their revenues from interest income.Our Top PicksWe have narrowed our search to five regional banking stocks that have provided double-digit returns in the past three months. These stocks have strong upside left for the rest of 2021 and have seen positive earnings estimate revisions in the last 60 days. Each of our picks carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.The chart below shows the price performance of our five picks in the past three months.Image Source: Zacks Investment ResearchBOK Financial Corp. operates as the financial holding company for BOKF, NA that provides various financial products and services in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona, and Kansas/Missouri. BOKF operates through three segments: Commercial Banking, Consumer Banking, and Wealth Management.BOK Financial has an expected earnings growth rate of 44.9% for the current year. The Zacks Consensus Estimate for the current year has improved 3% over the last 30 days. The stock price of BOKF has jumped 28.5% in the past three months.Popular Inc. provides various retail, mortgage, and commercial banking products and services in Puerto Rico and the United States. BPOP provides savings, NOW, money market, and other interest-bearing demand accounts; non-interest-bearing demand deposits; and certificates of deposit.BPOP has an expected earnings growth rate of 87.9% for the current year. The Zacks Consensus Estimate for the current year has improved 9.3% over the last 60 days. The stock price of Popular has advanced 13.3% in the past three months.Southern First Bancshares Inc. operates as the bank holding company for Southern First Bank that provides various banking products and services to the general public in South Carolina, North Carolina, and Georgia. SFST accepts various deposit products including checking accounts, commercial checking accounts, savings accounts, and other time deposits.Southern First Bancshares has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for the current year has improved 13.3% over the last 30 days. The stock price of SFST has jumped 28.5% in the past three months.CrossFirst Bankshares Inc. as the bank holding company for CrossFirst Bank that provides various banking and financial services to businesses, business owners, professionals, and its personal networks. CFB provides personal banking, savings accounts, wealth management, loans, leasing, retirement plans, investment management and insurance services to businesses.CrossFirst Bancshares has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for the current year has improved 12.5% over the last 60 days. The stock price of CFB has appreciated 14.4% in the past three months.Central Pacific Financial Corp. operates as the holding company for Central Pacific Bank that provides commercial banking products and services to businesses, professionals, and individuals in the United States. CPF operates through three segments: Banking Operations, Treasury, and All Others.Central Pacific Financial has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for the current year has improved 8.9% over the last 30 days. The stock price of CPF has surged 12.9% in the past three months. Bitcoin, Like the Internet Itself, Could Change Everything Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities. Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly. See 3 crypto-related 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 BOK Financial Corporation (BOKF): Free Stock Analysis Report Popular, Inc. (BPOP): Free Stock Analysis Report CPB Inc. (CPF): Free Stock Analysis Report Southern First Bancshares, Inc. (SFST): Free Stock Analysis Report CrossFirst Bankshares, Inc. (CFB): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksNov 26th, 2021

Here"s Why Investors Should Buy Home Depot (HD) Stock Now

Home Depot (HD) is positioned for long-term growth on smooth execution of its ongoing strategies, strong home improvement demand and continued Pro segment growth. The Home Depot Inc. HD has been going strong thanks to the momentum in the home improvement industry, which has been benefiting from sustained demand for home-improvement projects and a robust housing market. Home Depot, in particular, has been gaining from growth in Pro and DIY customer categories, digital momentum and its ongoing investments. It remains on track with the execution of the “One Home Depot” investment plan, which bodes well.The aforementioned factors helped the company deliver a robust performance in third-quarter fiscal 2021. The company reported sales and earnings beat for the sixth straight quarter in third-quarter fiscal 2021. The top and bottom lines also improved year over year. Home Depot has a robust earnings beat streak for the last four quarters, the average being 12.1%. This underlines the company’s operational excellence.In the past seven days, estimates for the company’s fiscal 2021 and 2022 earnings per share have moved up 0.5% and 0.4%, respectively. For fiscal 2021, its earnings estimates stand at $15.42 per share, suggesting a rise of 28.2% from the year-ago reported figure.The Zacks Rank #1 (Strong Buy) stock has rallied 27.5% in the past three months compared with the industry’s growth of 25.1%. The stock comfortably outpaced the S&P 500’s growth of 4.1% and the Retail-Wholesale sector’s rise of 2.5% in the same period.Image Source: Zacks Investment ResearchFactors Aiding GrowthWe are optimistic regarding Home Depot’s execution of the “One Home Depot” investment plan, which focuses on expanding supply-chain facilities, technology investments and enhancement to the digital experience. The company continues to leverage the momentum in strategic investments to enhance the interconnected experience to support its goals of driving growth faster than the market in any environment, strengthening its position as a low-cost provider in home improvement and delivering exceptional shareholder value.The interconnected retail strategy and underlying technology infrastructure have aided in consistently driving web traffic for the past few quarters. Sales leveraging the digital platforms rose 8% in the fiscal third quarter. On a two-year stack basis, sales from digital platforms increased nearly 95%. Around 55% of the online orders were delivered from a store.Another key component of delivering an interconnected experience is enhanced delivery and fulfillment options. Over the years, the company has created the fastest and most efficient delivery network in home improvement through options like buy online pickup in store (BOPIS) with convenient pickup lockers, buy online deliver from store with express car and van delivery, and curbside pickup.Home Depot’s Pro segment has been a key growth driver, with the Pro segment witnessing robust sales growth for the past several quarters. Pro sales growth outpaced DIY sales in the fiscal third quarter. The growth in the Pro segment reflects significant demand for larger projects in the home improvement industry. During the quarter, the company witnessed strength in several Pro-heavy categories like drywall, pipe and fittings, and several mill-work categories.The company expects continued sales growth from Pros as project demand remains strong and their backlogs are growing. The company remains on track with its strategic investments to build a Pro ecosystem that includes professional grade product, exclusive brands, enhanced delivery, credit, digital capabilities, field sales support, HD rental and more. The company expects its differentiated Pro ecosystem to help in deeper engagement with Pro customers in the long term.Wrapping UpAlthough the company is witnessing favorable demand conditions, rising expenses stemming from increased penetration of lumber products and transportation costs have been a concern for the company. It reported a soft gross margin in the fiscal third quarter as a result of higher cost of goods sold. Rising transportation costs and mix of products sold led to higher cost of goods sold.Nevertheless, solid execution of growth strategies along with compelling product offering has been helping the company to efficiently meet demand conditions. This along with favorable conditions prevailing in the home improvements market is likely to keep supporting Home Depot’s growth in the days ahead.Other Stocks to Bet OnWe have highlighted three other top-ranked stocks in the Retail - Wholesale sector, namely Tecnoglass TGLS, Lowe's Companies LOW and Fastenal FAST.Tecnoglass currently sports a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 34.5%, on average. Shares of TGLS have rallied 43.2% in the past three months. You can see the complete list of today's Zacks #1 Rank stocks here.The Zacks Consensus Estimate for Tecnoglass’ current financial year sales and earnings per share suggests growth of 31.2% and 84.8%, respectively, from the year-ago period's reported figures. TGLS has an expected EPS growth rate of 20% for three-five years.Lowe's, the main competitor of Home Depot, currently carries a Zacks Rank #2 (Buy). The company has a trailing four-quarter earnings surprise of 14.3%, on average. Shares of LOW have risen 22.7% in the past three months.The Zacks Consensus Estimate for Lowe's current financial year sales and earnings per share suggests growth of 6.9% and 33.8%, respectively, from the year-ago period. LOW has an expected EPS growth rate of 14.6% for three-five years.Fastenal currently has a Zacks Rank #2. The company has a trailing four-quarter earnings surprise of 2%, on average. Shares of FAST have appreciated 9.4% in the past three months.The Zacks Consensus Estimate for Fastenal's current financial year sales and earnings per share suggests growth of 5.5% and 5.4%, respectively, from the year-ago period. FAST has an expected EPS growth rate of 9% for three-five years. Bitcoin, Like the Internet Itself, Could Change Everything Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities. Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly. See 3 crypto-related 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 Fastenal Company (FAST): Free Stock Analysis Report Lowe's Companies, Inc. (LOW): Free Stock Analysis Report The Home Depot, Inc. (HD): Free Stock Analysis Report Tecnoglass Inc. (TGLS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksNov 26th, 2021