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What 4 Analyst Ratings Have To Say About Mercury Systems

Over the past 3 months, 4 analysts have published their opinion on Mercury Systems (NASDAQ:MRCY) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year. Latest Ratings for MRCY DateFirmActionFromTo Feb 2022JP MorganMaintainsOverweight Jan 2022BerenbergInitiates Coverage OnBuy Oct 2021RBC CapitalInitiates Coverage OnSector Perform View More Analyst Ratings for MRCY View the Latest Analyst Ratings read more.....»»

Category: blogSource: benzingaMay 13th, 2022

Top Analyst Reports for Apple, Berkshire Hathaway, & S&P Global

Today's Research Daily features new research reports on 16 major stocks, including Apple Inc. (AAPL), Berkshire Hathaway Inc. (BRK.B), and S&P Global Inc. (SPGI). Thursday, May 19, 2022The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Apple Inc. (AAPL), Berkshire Hathaway Inc. (BRK.B), and S&P Global Inc. (SPGI). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today. You can see all of today’s research reports here >>> Apple shares are down -18% in the year-to-date period, modestly underperforming the broader market's -16.2% decline, but they have held up better than the Zacks Tech sector's -26.7% pullback. While overall sentiment on the entire space remains negative, Apple remains well positioned given momentum in the services and robust performance from iPhone, Mac, Wearables and an expanding App Store ecosystem. The availability of new Mac Studio and new iPad Air is expected to drive top-line growth. Apple TV+ is gaining recognition due to award-winning shows. This bodes well for the Services segment.However, Apple did not provide revenue guidance for the third quarter of fiscal 2022. Apple expects COVID-induced supply chain disruptions and industry-wide silicon shortages to hurt the top line by $4-$8 billion. Unfavorable forex conditions along with the absence of Russian revenues are also expected to hurt the top line.(You can read the full research report on Apple here >>>)Shares of Berkshire Hathaway have outperformed the Zacks Insurance - Property and Casualty industry over the past year (+6.5% vs. -0.9%). The company is one of the largest property and casualty insurance companies measured by premium volume. Berkshire's inorganic growth story remains impressive with strategic acquisitions. A strong cash position supports earnings-accretive bolt-on buyouts and indicates the company's financial flexibility. Continued insurance business growth fuels increases in float, drive earnings, and generates maximum return on equity. The non-insurance businesses are delivering improved results with increased revenues over the past few years. A sturdy capital level provides the further impetus. However, exposure to catastrophe loss induces earnings volatility and also affects the property and casualty underwriting results of Berkshire. Huge capital expenditure remains a headwind for the company. (You can read the full research report on Berkshire Hathaway here >>>)S&P Global shares have declined -11.5% over the past year against the Zacks Business - Information Services industry’s decline of -13.6%. The company remains vulnerable to proceedings, investigations, and inquiries with respect to the ratings provided, leading to legal charges, damages, or fines. Growth initiatives, higher compensations, and incentives raise the company's expenses. Decreasing current ratio is not desirable as it indicates that the company may have problems meeting its short-term debt obligations. Partly due to these headwinds, the stock has declined in the past year. However, The Zacks analyst believes that S&P Global remains well poised to gain from the growing demand for business information services. Buyouts help innovate, increase differentiated content and develop new products. Effective management execution has helped it generate solid cash flow which is utilized for growth initiatives. Dividend payments and share buybacks boost investor’s confidence and positively impact earnings per share.(You can read the full research report on S&P Global here >>>) Other noteworthy reports we are featuring today include Comcast Corporation (CMCSA), GlaxoSmithKline plc (GSK), and Cigna Corporation (CI).Sheraz Mian Director of Research Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>Today's Must ReadRobust Portfolio, Services Strength to Benefit Apple (AAPL)Solid Insurance Business Aid Berkshire (BRK.B), Cat Loss AilS&P Global (SPGI) Benefits From Acquisitions Amid High DebtFeatured ReportsBroadband Subscriber Gain Drives Comcast's (CMCSA) ProspectsPer the Zacks Analyst, Comcast benefits from an expanding broadband subscriber base as well as strong adoption of Xfinity, Flex and Peacock.Glaxo's (GSK) Specialty Drugs Driving Sales in 2022Glaxo's specialty products like Dovato, Nucala, Trelegy Ellipta, Shingrix are driving sales, making up for a lower sales of established drugs due to generic erosion, per the Zacks analyst.Cigna (CI) Benefits from Growing Revenues, Strong Cash FlowsPer the Zacks analyst, Cigna gains from a healthy revenue stream, driven by buyouts and enhanced products suite. Further, the company's cash-generating abilities enable investment in the business.Solid Demand Aids Northrop (NOC), Supply Chain Turmoil WoesPer the Zacks analyst, strong global demand for its products like Triton and E-2D Advanced Hawkeyes steadily boosts Northrop. Yet COVID-19 induced supply chain disruption might hurt the stock.Ecolab (ECL) Continues to Gain From a Solid Product SuiteThe Zacks analyst is upbeat about Ecolab's robust product portfolio despite its information technology systems being potentially vulnerable to data security threats.Low Breakeven Costs to Aid Marathon Oil's (MRO) Cash FlowsThe Zacks analyst believes that Marathon's extremely low oil price breakeven costs of just $35 a barrel should generate meaningful free cash flows and improve future profitability.Aspen (AZPN) to Gain From Product Portfolio & AcquisitionsPer the Zacks analyst, Aspen's diversified product portfolio is witnessing heathy momentum. The integration with Emerson's OSI Inc and the Geological Simulation Software business also bodes well. New UpgradesNucor (NUE) Gains on Strong Demand, Higher Steel PricesPer the Zacks analyst, Nucor will benefit from strong demand in its end markets, especially non-residential construction. Higher steel prices will also act as a catalyst for its steel mills unit.Balance Sheet Strength, Buyout Aids M&T Bank (MTB) GrowthPer the management, M&T Bank's organic growth driven by higher fee income, loans and deposits will likely increase the company's revenues. Inorganic growth backed by a sound liquidity position aids.Delta (DAL) Aided by Continued Recovery in Air-Travel DemandPer the Zacks analyst, steady recovery in air-travel demand is driving Delta's top line. Additionally, strong demand and favorable yields are boosting the company's cargo revenues. New DowngradesMacro Pressure, Supply Chain Issues Hurt Bausch Health (BHC)Per the Zacks analyst, Bausch's business is being hurt by macro pressures and a challenging supply chain environment. The Omicron resurgence has impacted primary care and nursing home capacity.Cost Inflation Hurts HanesBrands' (HBI) Operating MarginPer the Zacks analyst, HanesBrands has been battling cost inflation. The company's first-quarter adjusted operating margin contracted nearly 280 basis points due to inflation among other reasons.Staffing Challenges & Inflation Hurt Brinker's (EAT) ProspectsPer the Zacks analyst, Brinker has been experiencing Omicron-induced staffing and supply-chain challenges. Also, rise in commodity inflation and restaurant labor cost is a concern. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +25.4% per year. So be sure to give these hand-picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report GlaxoSmithKline plc (GSK): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report Comcast Corporation (CMCSA): Free Stock Analysis Report Berkshire Hathaway Inc. (BRK.B): Free Stock Analysis Report Cigna Corporation (CI): Free Stock Analysis Report S&P Global Inc. (SPGI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksMay 20th, 2022

10 Best Buy and Hold Forever Dividend Stocks

In this article we will be taking a look at the 10 best buy and hold forever dividend stocks. To skip our detailed analysis of dividend investing, you can go directly to see the 5 Best Buy and Hold Forever Dividend Stocks. Income or dividend investing is a strategy that is reputable for its utility and […] In this article we will be taking a look at the 10 best buy and hold forever dividend stocks. To skip our detailed analysis of dividend investing, you can go directly to see the 5 Best Buy and Hold Forever Dividend Stocks. Income or dividend investing is a strategy that is reputable for its utility and usefulness. This form of investing has also become more popular in light of bond yields and other fixed-income investments offering relatively low profits, according to a Jefferson Research report published in 2017. The report offers an insight into the benefits of investing in various dividend stocks, like The Procter & Gamble Company (NYSE:PG), Johnson & Johnson (NYSE:JNJ), and The Coca-Cola Company (NYSE:KO). Such stocks offer an immediate cash flow to investors until they are sold, and their dividend payments are also subject to increase over the years. As such, they also offer protection in times of inflation and are individually less risky investments. Additionally, these stocks have historically outperformed the market and bonds. To support the above claims, the report gives insight into some empirical evidence. In 2013, Goldman Sachs White Paper “Why Dividend Growth Matters” showed that the annual return of dividend growers and initiators was 9.6% compared to 7.1% for the S&P 500. Additionally, the volatility of the former was 16.2%, compared to 18% for the latter, representing the reduced risk of dividend stocks. Finally, from 1926 to 2010, it has also been noted that 85% to 90% of the S&P 500’s returns were from dividends alone. Source: PixaBay Our Methodology: These stocks mentioned in this article are considered good buy and hold forever options because they have records of consistent dividend increases, and positive news surrounding them for future prospects, all of which we have mentioned below. We have also mentioned analyst ratings for the stocks selected, ensuring they have mostly positive ratings. Additionally, the price gains of the stocks listed below, as of mid-March 2022, have also been mentioned where applicable. Finally, the stocks are ranked on the basis of their dividend yields, from the lowest to the highest dividend yield. Best Buy And Hold Forever Dividend Stocks 10. The Procter & Gamble Company (NYSE:PG) Number of Hedge Fund Holders: 67 Dividend Yield: 2.3% The Procter & Gamble Company (NYSE:PG) is a giant in the consumer staples industry, being the company behind many big consumer brands, such as Gillette and Pampers. The company has raised its dividend consecutively for the past 65 years, making it a reputable Dividend King. Deutsche Bank analyst Steve Powers holds a Buy rating on The Procter & Gamble Company (NYSE:PG) as of March 2022. In the fiscal second quarter of 2022, the company had an EPS of $1.66, beating estimates by $0.01. Its revenue was $20.9 billion, also beating estimates by $617.4 million. The Procter & Gamble Company (NYSE:PG) has also gained 3.8% in the past six months. The number of hedge funds holding shares in The Procter & Gamble Company (NYSE:PG) in the fourth quarter of 2021 was 67, with a total stake value of $6.6 billion. In comparison, 69 hedge funds held stakes in the company in the previous quarter, with a total stake value of $6.4 billion. The Procter & Gamble Company (NYSE:PG), like Johnson & Johnson (NYSE:JNJ), and The Coca-Cola Company (NYSE:KO), is among the most reliable dividend stocks to buy in 2022 because of its history of dividend increases. 9. Johnson & Johnson (NYSE:JNJ) Number of Hedge Fund Holders: 83 Dividend Yield: 2.5% Johnson & Johnson (NYSE:JNJ) is a healthcare company that has been operational for over a century. It offers some of the most popular medicinal products such as Tylenol and Band-Aids, alongside more complex drugs and medical devices. It is one of the best buy and hold forever dividend stocks to invest in, as showcased by the large number of hedge funds holding stakes in the company, and the stock’s dividend history showing dividend increases for 59 years in a row. Lee Hambright, an analyst at Bernstein, holds an Outperform rating on Johnson & Johnson (NYSE:JNJ) shares as of this March. Johnson & Johnson (NYSE:JNJ) had an EPS of $2.1, beating estimates by $0.01, in the fourth quarter of 2021. Its revenue was $24.8 billion, beating the previous quarter’s revenue of $23.3 billion. The stock has also gained 4.6% in the past six months and 0.8% year to date. Out of 924 hedge funds, 83 hedge funds were long Johnson & Johnson (NYSE:JNJ) in the fourth quarter, with a total stake value of $7.4 billion. The largest stakeholder in the company was Fundsmith LLP, holding 7,219,198 shares worth over $1.2 billion. 8. Cisco Systems, Inc. (NASDAQ:CSCO) Number of Hedge Fund Holders: 57 Dividend Yield: 2.7% Cisco Systems, Inc. (NASDAQ:CSCO) is a leading company in enterprise computing, and an icon in Silicon Valley. The company has long established itself as one of the dominating forces in the tech sector. Having raised its dividend consecutively for the past decade, it is among the best buy and hold forever dividend stocks to invest in this year. Wells Fargo analyst Aaron Rakers holds an Equal Weight rating on Cisco Systems, Inc. (NASDAQ:CSCO) shares as of this March. This February, Cisco Systems, Inc. (NASDAQ:CSCO) announced a considerable dividend increase of 3%, alongside an additional $15 billion share buyback program. The increased dividend of $0.38 per share will be payable to shareholders on April 27. The company’s CFO, Scott Herren, commented that the dividend increase and share buyback program demonstrate Cisco Systems, Inc.’s (NASDAQ:CSCO) commitment to returning excess capital to its shareholders. Our fourth-quarter hedge fund data shows 57 hedge funds long Cisco Systems, Inc. (NASDAQ:CSCO) in that quarter, with a total stake value of $3.4 billion. 7. The Coca-Cola Company (NYSE:KO) Number of Hedge Fund Holders: 70 Dividend Yield: 2.9% The Coca-Cola Company (NYSE:KO) offers a range of non-alcoholic beverages to consumers across the globe and has recently included juices, teas, and hydration products such as PowerAde and Smartwater to its long list of manufactured products. The company has raised its dividend for the past 59 years as well. This February, Evercore ISI analyst Robert Ottenstein reiterated his Outperform rating on shares of The Coca-Cola Company (NYSE:KO). In the same month, The Coca-Cola Company (NYSE:KO) increased its quarterly dividend by a whopping 5%, bringing it up to $0.44 per share. Additionally, the company announced that it expects to resume share repurchases this year, with net repurchases of about $500 million for 2022. Such developments make it an attractive dividend stock with lucrative future prospects. In the fourth quarter of 2021, 70 hedge funds held stakes in The Coca-Cola Company (NYSE:KO), worth about $28.6 billion. Of these hedge funds, Warren Buffett’s Berkshire Hathaway was the largest stakeholder in the company. The fund held 400,000,000 shares in the company, worth over $23.7 billion. 6. JPMorgan Chase & Co. (NYSE:JPM) Number of Hedge Fund Holders: 107 Dividend Yield: 2.9% JPMorgan Chase & Co. (NYSE:JPM) is a giant in the financial sector, offering consumer and small-business banking and financial services and products. The company also offers wealth management services and other high-end services for corporate clients and other institutions. The company has raised its dividend for the past nine years in a row, making it one of the most reliable buy and hold forever dividend stocks one can buy. UBS analyst Erika Najarian holds a Buy rating on JPMorgan Chase & Co. (NYSE:JPM) shares as of this January. The company’s earnings history shows an EPS of $3.3, beating estimates by $0.3, and a revenue of $29.3 billion, up 0.11% year over year. JPMorgan Chase & Co. (NYSE:JPM) had 107 hedge funds holding stakes in it in the fourth quarter. Their total stake value was $6.6 billion. Comparatively, in the previous quarter, 101 hedge funds were long the stock, with a total stake value of $5.6 billion. Miller Value Partners, an investment management firm, mentioned JPMorgan Chase & Co. (NYSE:JPM) in its fourth-quarter 2021 investor letter. Here’s what they said: “I remember writing about the attractiveness of JP Morgan (JPM) right before it lost about a third of its value in the third quarter of 2011 (which didn’t please some of my colleagues!). I believed JPM was a high-quality bank whose prospects were undervalued due to the overhang on the space. It made money every year through the financial crisis. In the decade-plus since then, JPM has beaten the market nicely (+417% versus SPX +345%) despite significant headwinds for banks (S&P Financial Sector +286%) and value stocks. Low market expectations are a key ingredient to attractive long-term returns! An earthquake after-shock metaphor helps to explain the situation. Earthquakes relieve tension in physical systems, but aftershocks are common. These aftershocks aren’t as serious as the original event because stresses have been relieved. The financial crisis alleviated tensions in the financial system as weaker players either perished or were shored up with capital. Lessons learned impacted behavior (lower risk-taking behavior and higher propensity for monetary authorities to intervene supportively), which reduced future risk. Those realities didn’t matter in the short term, but they sure did in the long term.” JPMorgan Chase & Co. (NYSE:JPM) is among the more popular dividend stocks hedge funds are looking at this year, like The Procter & Gamble Company (NYSE:PG), Johnson & Johnson (NYSE:JNJ), and The Coca-Cola Company (NYSE:KO).     Click to continue reading and see the 5 Best Buy and Hold Forever Dividend Stocks.     Suggested articles: 15 Largest Distribution Companies In The World 15 Largest Beverage Companies in the world 10 Best Dividend Stocks for Passive Income.....»»

Category: topSource: insidermonkeyMar 24th, 2022

El Salvador Is Betting on Bitcoin to Rebrand the Country — and Strengthen the President’s Grip

Will the country's adoption of the digital currency help its people, or just its president? When Roman Martinez was growing up in El Zonte, a small coastal village in El Salvador, the American Dream loomed large. Beyond the local fishing industry, which Martinez’s parents worked in, there weren’t a lot of opportunities. “Young people just wanted to leave, to go to the U.S.,” he says. “But now we have a Salvadoran dream.” It’s a dream about Bitcoin. Two years ago an anonymous American donor sent more than $100,000 in the decentralized digital currency, or cryptocurrency, to an NGO that Martinez works for in El Zonte to pay for social programs. As the team began encouraging families and businesses to use Bitcoin, many of the town’s residents, most of whom had never had a bank account, began saving their money in the currency, making gains as its value surged. Curious tourists flooded into the town and foreign businesses set up shop. The project gave El Zonte the nickname “Bitcoin beach,” simultaneously a philanthropic endeavour and one of the world’s largest experiments in cryptocurrency. [time-brightcove not-tgx=”true”] “People with little income, who didn’t have access to a financial system, with $5 worth of Bitcoin they can start building something that can be the legacy they leave to their children,” Martinez says, over video call, wearing a black T-shirt emblazoned with Bitcoin’s orange logo. It was partly El Zonte’s experiment that inspired El Salvador last month to become the first country in the world to adopt Bitcoin as legal tender—alongside the U.S. dollar, which El Salvador has used as its currency since 2001. The Bitcoin law, which came into force on Sept. 7, makes taxes payable in Bitcoin, obliges all businesses to accept it, and paves the way for the government to disburse subsidies in it. The government has built a network of 200 Bitcoin ATMs and a digital Bitcoin wallet app, called Chivo, through which it has distributed $30 worth of Bitcoin to every Salvadoran citizen in a bid to kickstart the Bitcoin economy. Salvadoran President Nayib Bukele claims 2.1 million Salvadorans have used Chivo so far, in a country of 6 million people. Bukele is touting Bitcoin as a way for Salvadorans to reduce the fees they pay to send and receive remittances—which make up 22% of El Salvador’s GDP, mostly from the U.S.—and as a way for the 70% of Salvadorans who are unbanked to access financial services. He’s not alone in advocating for cryptocurrencies as a way for developing economies to bypass a global financial system in which access to services and investment are geared towards the world’s richer countries and individuals. Crypto has achieved its highest penetration mostly in countries where banking systems are costly and complicated to use, or where local economies and currencies are unstable. But critics say making Bitcoin—notoriously volatile and not subject to controls by any central bank—into legal tender is an unjustifiable gamble for El Salvador’s already ailing economy. The $200 million of taxpayer money congress has devoted to the project equates to 2.7% of the government’s total budget for 2021, or almost three times the agriculture ministry’s budget for the year. The uncertainty introduced by the Bitcoin policy has sent the price of government bonds tumbling, and halted negotiations for a deal with the International Monetary Fund (IMF) that the country is seeking to plug a $1.5 billion hole in its public finances. ‘The coolest dictator in the world’ For the President, a 40 year-old with the casual wardrobe and cheeky communication style of a tech entrepreneur, Bitcoin is about more than its immediate economic impact, though. It’s a chance to rebrand El Salvador, from a country known primarily for gang violence and a sluggish economy that drives emigration to the U.S., to an independent, modern crypto pioneer. For young Salvadorans like Martinez, that means creating a Salvadoran dream. For the international community, it’s a rebuke to a world order that casts El Salvador as the backyard to the U.S.—which Bukele has increasingly railed against since taking power in 2019. Instead, he casts El Salvador as an independent hub of innovation, aligned with the anti-establishment crypto community, members of which have flooded and celebrated the country in recent months and will return for a large crypto conference in November. Envisioning the transformation he witnessed in El Zonte taking place across the country, Martinez is excited—despite doubts among the wider population. “We’re used to new things happening in the U.S. or Canada or Europe,” Martinez says. “Now we’ve changed the narrative about El Salvador and started moving forward. Michael Nagle—Bloomberg/Getty ImagesNayib Bukele, El Salvador’s president, speaks in a prerecorded video during the United Nations General Assembly via live stream in New York on Sept. 23, 2021. But there’s another narrative unfolding in El Salvador. Since Bukele’s party, New Ideas, won a landslide victory at parliamentary elections in February, he has moved rapidly to undermine the structures of El Salvador’s democracy. In May, parliament voted to replace opposition-linked judges on the supreme court with Bukele allies, bringing all levers of power under his control. In September—a few days before the Bitcoin launch—the same court ruled that Bukele can run for a second term in 2024, in defiance of El Salvador’s constitution, triggering sanctions from the U.S. He has also stepped up attacks on the media, including launching criminal investigations into news organizations and kicking critical journalists out of the country. Analysts say the Bitcoin experiment is part of Bukele’s proto-strongman trajectory. “He’s fallen in love with his own power and wants to nurture this cool millennial President image through this adventure into the Bitcoin world,” says Tiziano Breda, a Central America analyst at the International Crisis Group, a think tank. It’s working for him, largely. The Bitcoin law has sparked the first major protests of his presidency, with 8,000 people marching in San Salvador on Sept. 15— a significant number of people in a country where street protest is unusual. But the President’s approval ratings still stand above 85%. With that backing, Bukele is deeply dismissive of global concern about his leadership. On Sept 18, he changed his bio on Twitter to “Dictator of El Salvador,” clearly trolling the international press. Then, a couple of days later he changed it again, to “The coolest dictator in the world.” El Salvador’s rapid transformation On the night that Bitcoin launched in El Salvador, Nelson Rauda, a reporter for independent newspaper El Faro, went to a party. At a sleek hotel bar next to an infinity pool overlooking the pacific ocean in the department of La Libertad, crypto enthusiasts and internet celebrities from the U.S., including YouTuber Logan Paul, danced and let off fireworks to celebrate a major moment for the cryptocurrency. Some wore headdresses and carried orange signs featuring Bitcoin’s white B logo. Almost everyone was speaking English. ”The scenery, and the location was a beach in El Salvador, but it could have been anywhere else in the world,” Rauda says. “[The crypto community] want to portray themselves as bringing a future and development to El Salvador through Bitcoin— a kind of white saviorism in that sense. But most of them are not interested in the country, just business.” Bukele’s government welcomes their business. The President claims that if 1% of the world’s Bitcoin were invested in El Salvador, it would raise GDP by 25%. He has offered permanent residency to anyone who spends three Bitcoin (currently around $125,000). He has also highlighted the fact that, since Bitcoin is legal tender, rather than an investment asset, foreigners who move to El Salvador will not have to pay capital gains tax in the country on any profits made if the cryptocurrency’s value increases. To that he adds, in English, “Great weather, world class surfing beaches, beach front properties for sale” as reasons that crypto entrepreneurs should move to El Salvador. This pragmatic, salesman-like tone is something that Salvadorans appear to appreciate from their President. Though he served as mayor of the capital, San Salvador until 2018, Bukele ran for the presidency in 2019 as a political outsider. He used his direct link with millions of followers on social media to pit himself against the right and leftwing parties that had ruled the country since its civil war in the 1980s. That conflict, in which the U.S. played a decisive role by funding opponents of leftist rebels, sowed the seeds of many of El Salvador’s current problems: chronically low economic growth, weak institutions vulnerable to corruption, the world’s worst rates of gang violence and one of the lowest rates of direct foreign investment in Central America. Bukele argued, convincingly, that the postwar governments had failed to meaningfully address those woes over three decades. Since taking office, Bukele has projected an image of ruthless efficiency. In February 2020, he and a group of armed soldiers stormed into parliament in order to pressure lawmakers to pass his budget plan. He has slashed rates of gang violence, with the country’s homicide rate falling from 51 per 100,000 in 2018 to 19 per 100,000 in 2020 (Experts debate whether this is a result of Bukele’s security policy, gang trends independent of him, or a secretive quid pro quo deal he may have struck with gang leaders). He adopted a hardline response to COVID-19, ordering one of the world’s most stringent lockdowns and giving security forces the right to put any rule-breakers in detention centers, a move human rights watchdogs say led to violent repression. The unprecedented popularity Bukele has enjoyed has allowed him to move faster than Latin America observers expected to take anti-democratic steps, such as intervening in the judiciary, Breda says. “For many other sort of authoritarian governments in the region, it took [many] years to do the things that Bukele has done in such a sweeping way. The pace is definitely surprising.” Marvin Recinos—AFP/Getty ImagesIlluminated drones form figures inspired by the Bitcoin logo in El Sunzal Beach, El Salvador, on Sept. 7, 2021. ‘Bitcoin is costing the country dearly’ Those who are most sceptical of Bukele—conservative economists—see his Bitcoin law as new packaging for an old move for populist authoritarian leaders in Latin America. The policy was labelled a “Bitcoin scam” in a Wall Street Journal op-ed. “They’re always trying to pull a rabbit out of a hat,” says Steve Hanke, professor of applied economics at the John Hopkins University and director of the Troubled Currencies Project at the libertarian think tank, the Cato Institute. “They say: ‘We’ve had all these financial problems because of all these irresponsible leaders we’ve had in the past. And now here I am riding a white horse and I’ve got some new gimmick that’s going to solve it all. It’s called Bitcoin.’” Hanke helped advise the Salvadoran government on the country’s dollarization, when it adopted the U.S. dollar as its sole currency in 2001. From 1993 the Salvadoran colón had been pegged to the U.S. dollar on a fixed exchange rate, in a successful effort to keep previously rampant inflation under control. After eight years, the government opted to fully replace the colón with the dollar. That made the economy more stable and lowered the cost of borrowing, but limited Salvadoran governments’ freedom to spend money, particularly in times of financial crisis. Hanke and others have speculated that the Bitcoin move is a first step towards scrapping dollarization altogether and issuing a national digital currency. That would both enable looser public spending, and reduce the impact of U.S. sanctions. But for local economists, the immediate concern is how Bitcoin could complicate El Salvador’s path out of a deep pandemic recession. “Public finances in El Salvador are on a knife edge. Public debt stands at close to 90% of GDP and the government needs to find almost $1.5 billion to close the year and pay its obligations,” says Alvaro Trigueros Arguello, director of economic studies at FUSADES, a San Salvador-based development thinktank. Though El Salvador’s economy is growing—with the Central Bank saying Sept. 29 that GDP is on course to surge by 9% this year—Trigueros Arguello says this is mostly due to a temporary factors, including the reopening of businesses after COVID-19 restrictions and a surge in remittances after the disbursement of pandemic aid packages in the U.S. The Bitcoin rollout has complicated El Salvador’s relationship with the IMF, from which it is seeking a $1 billion assistance package. In June the fund denied a request by El Salvador to assist in its Bitcoin rollout. It cited the lack of transparency in cryptocurrencies, arguing that the difficulty of tracing who makes Bitcoin transactions has facilitated criminal activity elsewhere, as well as environmental concerns about widening the use of Btcoin, which requires vasts amount of energy to produce. Fears over the cryptocurrency’s impact on El Salvador’s macroeconomic stability have stalled negotiations between El Salvador and the IMF, Trigueros Arguello says. “The government needs international credit and because of Bitcoin, it’s not getting it,” Trigueros Arguello says. “Bitcoin is costing the country dearly.” Camilo Freedman—Bloomberg/Getty ImagesDemonstrators hold signs during a protest against President Bukele and Bitcoin in San Salvador on Sept. 15, 2021. The backdrop to El Salvador’s experiment hasn’t undermined the excitement for those who want crypto currencies to be more widely used. Bitcoin Twitter has filled with tweets celebrating how easy it is for Salvadorans to use the currency in places like Starbucks, and praising Bukele’s foresight. “I’m totally excited about what’s happening in El Salvador. [Particularly] the fact that it’s happening in Latin America,” says Cristóbal Pereira, CEO of Blockchain Summit LatAm, a regional conference covering the blockchain technology that underlies Bitcoin, which will host events at El Salvador’s own Bitcoin conference in November. “If people end up using it widely, there’s a good chance other countries and people will end up using it more too.” It’s too early to tell if the buzz will be matched by the significant investments Bukele is hoping for. Analysts say businesses will likely wait and see how the bitcoin rollout affects El Salvador’s economic stability before striking any major deals. Mike Petersen, an American who moved to El Zonte in 2005 and helped found the Bitcoin beach, says he’s received a “a huge flood of [enquiries from] businesses that want to set up shop here, because, for the first time they are realizing, hey, Salvador is a forward looking country.” Those include companies in the Bitcoin space, such as exchanges and ATM networks, but also real estate developers, manufacturing companies and “some lighting and architectural companies that are now outsourcing, hiring architectural students here to do design and and put together bids for them. Because they can pay them in Bitcoin.” Peterson says he doubts that concern about the political situation in El Salvador will have any impact on investors. “Elite media circles are the ones that are more focused on that. I think, in the business climate, people are more pragmatic and practical about things. And they see that Bukele is extremely popular.” What’s not necessarily popular, so far, is Bitcoin. Bukele claims that a third of Salvadorans are actively using Chivo, but it is unclear how many are only using the app to access the initial $30 gift from the government. Media outlets in El Salvador reported long queues for the ATMs, where most people were converting their Bitcoin to take dollars home with them. In the first week of the rollout, one of the country’s largest banks told The Financial Times that the cryptocurrency accounted for fewer than 0.0001 % of its daily transactions. Rauda, the El Faro reporter, says he knows “no one” who’s using Bitcoin on a regular basis. Teething troubles The government gave itself just three months after parliament approved its Bitcoin law in June to introduce the currency, leading to a series of technical issues with the Chivo wallet app. Crypto bloggers reported cash taking days to show up in their Chivo accounts after being transferred by other users, bugs making the app unusable, and an initial inability to transfer any sum below $5. Bukele, who took to Twitter throughout the launch to offer emoji-laden tech support messages, claimed most of the technical problems were resolved within a few days. The bumpy rollout helped trigger a 10% fall in the value of Bitcoin against the day it became legal tender, and further falls since. On Sept. 20 Bukele said his government had “bought the dip” and acquired 150 more coins, bringing the country’s total holding to 700 (around $22 million). Chaotic rollouts of new government programs are not unique to El Salvador. But some in the Bitcoin community have concerns about the structure of the country’s experiment, beyond the initial hiccups. Marc Falzon, a New Jersey-based Bitcoin YouTuber who visited San Salvador to document the rollout, says he became concerned about Salvadoran taxpayers footing the bill despite opposition to the policy, and about Article 6 of the Bitcoin law, which says that all economic actors in the country must accept Bitcoin if they have the technical capacity to do so. “Forcing people to accept a decentralized currency from a centralized authority ebbs away at the legitimacy of not just Bitcoin, but cryptocurrency in general,” he says. Supporters of the project point out that Salvadorans don’t have to keep their money in Bitcoin if they don’t want to, with the government guaranteeing their ability to transfer them into U.S. dollars via its national development bank and a range of services allowing businesses to make that transfer automatically. But Falzon says that the positive image of EL Salvador’s rollout generated by Bitcoin influencers on Instagram and Twitter didn’t reflect what he saw. In a health store near his hotel, for example, the shopkeeper said she couldn’t afford to restock because so many Bitcoin payments made by customers had simply never shown up in her Chivo app account. “For people in the Bitcoin and crypto community, El Salvador is a ‘told you so moment,’ proof that this isn’t just a fad. And I think that in that enthusiasm, we can lose sight of both the bigger picture—in how future countries may start to follow suit—and also of the individual experiences of the people that are in these countries.” Some individuals are happy though. Martinez, the community activist who grew up in El Zonte, says the town’s experience suggests hesitancy to use Bitcoin—and opposition to the Bitcoin law—will fade as Salvadorans become more used to the technology, and become widespread within a few years. He’s not concerned, he says, by how Bitcoin may play into Bukele’s larger political project. “As an NGO, we’re apolitical. We support anything that can make a better El Salvador. And I think we’re walking towards a better future.”.....»»

Category: topSource: timeOct 1st, 2021

Hawkins (HWKN) Moves to Buy: Rationale Behind the Upgrade

Hawkins (HWKN) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy). Hawkins (HWKN) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.As such, the Zacks rating upgrade for Hawkins is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.For Hawkins, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.Harnessing the Power of Earnings Estimate RevisionsEmpirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>>.Earnings Estimate Revisions for HawkinsThis chemical maker is expected to earn $2.14 per share for the fiscal year ending March 2023, which represents a year-over-year change of -12.3%.Analysts have been steadily raising their estimates for Hawkins. Over the past three months, the Zacks Consensus Estimate for the company has increased 4.4%.Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.You can learn more about the Zacks Rank here >>>The upgrade of Hawkins to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term. Just Released: The Biggest Tech IPOs of 2022 For a limited time, Zacks is revealing the most anticipated tech IPOs expected to launch this year. Concerns about Federal interest rates and inflation caused many private companies to stay on the bench- leading to companies with better brand recognition and higher growth rates getting into the game. With the strength of our economy and record amounts of cash flooding into IPOs, you don’t want to miss this opportunity. See the complete list today.>>See Zacks Hottest IPOs NowWant 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 Hawkins, Inc. (HWKN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacks6 hr. 9 min. ago

Pegasystems (PEGA) Moves to Strong Buy: Rationale Behind the Upgrade

Pegasystems (PEGA) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy). Investors might want to bet on Pegasystems (PEGA), as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time.As such, the Zacks rating upgrade for Pegasystems is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.For Pegasystems, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.Harnessing the Power of Earnings Estimate RevisionsEmpirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>>.Earnings Estimate Revisions for PegasystemsFor the fiscal year ending December 2022, this business software company is expected to earn $0.94 per share, which is a change of 327.3% from the year-ago reported number.Analysts have been steadily raising their estimates for Pegasystems. Over the past three months, the Zacks Consensus Estimate for the company has increased 82.8%.Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.You can learn more about the Zacks Rank here >>>The upgrade of Pegasystems to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term. Just Released: The Biggest Tech IPOs of 2022 For a limited time, Zacks is revealing the most anticipated tech IPOs expected to launch this year. Concerns about Federal interest rates and inflation caused many private companies to stay on the bench- leading to companies with better brand recognition and higher growth rates getting into the game. With the strength of our economy and record amounts of cash flooding into IPOs, you don’t want to miss this opportunity. See the complete list today.>>See Zacks Hottest IPOs NowWant 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 Pegasystems Inc. (PEGA): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacks6 hr. 9 min. ago

Methanex (MEOH) Upgraded to Strong Buy: Here"s What You Should Know

Methanex (MEOH) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy). Investors might want to bet on Methanex (MEOH), as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.Therefore, the Zacks rating upgrade for Methanex basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Methanex imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.Harnessing the Power of Earnings Estimate RevisionsAs empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>>.Earnings Estimate Revisions for MethanexFor the fiscal year ending December 2022, this methanol supplier is expected to earn $6.49 per share, which is a change of 7.6% from the year-ago reported number.Analysts have been steadily raising their estimates for Methanex. Over the past three months, the Zacks Consensus Estimate for the company has increased 16.5%.Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.You can learn more about the Zacks Rank here >>>The upgrade of Methanex to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term. Just Released: The Biggest Tech IPOs of 2022 For a limited time, Zacks is revealing the most anticipated tech IPOs expected to launch this year. Concerns about Federal interest rates and inflation caused many private companies to stay on the bench- leading to companies with better brand recognition and higher growth rates getting into the game. With the strength of our economy and record amounts of cash flooding into IPOs, you don’t want to miss this opportunity. See the complete list today.>>See Zacks Hottest IPOs NowWant 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 Methanex Corporation (MEOH): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacks6 hr. 9 min. ago

Volkswagen AG Unsponsored ADR (VWAGY) Upgraded to Strong Buy: What Does It Mean for the Stock?

Volkswagen AG Unsponsored ADR (VWAGY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy). Investors might want to bet on Volkswagen AG Unsponsored ADR (VWAGY), as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.Therefore, the Zacks rating upgrade for Volkswagen AG Unsponsored ADR basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Volkswagen AG Unsponsored ADR imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.Harnessing the Power of Earnings Estimate RevisionsEmpirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>>.Earnings Estimate Revisions for Volkswagen AG Unsponsored ADRThis company is expected to earn $3.49 per share for the fiscal year ending December 2022, which represents a year-over-year change of -0.3%.Analysts have been steadily raising their estimates for Volkswagen AG Unsponsored ADR. Over the past three months, the Zacks Consensus Estimate for the company has increased 5.4%.Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.You can learn more about the Zacks Rank here >>>The upgrade of Volkswagen AG Unsponsored ADR to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term. Just Released: The Biggest Tech IPOs of 2022 For a limited time, Zacks is revealing the most anticipated tech IPOs expected to launch this year. Concerns about Federal interest rates and inflation caused many private companies to stay on the bench- leading to companies with better brand recognition and higher growth rates getting into the game. With the strength of our economy and record amounts of cash flooding into IPOs, you don’t want to miss this opportunity. See the complete list today.>>See Zacks Hottest IPOs NowWant 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 Volkswagen AG Unsponsored ADR (VWAGY): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacks6 hr. 9 min. ago

Top Analyst Reports for Meta Platforms, Visa, & Verizon

Today's Research Daily features new research reports on 16 major stocks, including Meta Platforms, Inc. (FB), Visa Inc. (V), and Verizon Communications Inc. (VZ). Friday, May 27, 2022The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Meta Platforms, Inc. (FB), Visa Inc. (V), and Verizon Communications Inc. (VZ). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today. You can see all of today’s research reports here >>> Meta Platforms shares have declined -41.7% over the past year against the Zacks Internet - Software industry’s decline of -59.0% and the -4.4% decline in the broader S&P 500 index. Weighing on the stock are changes to Apple’s iOS as well as engagement-related headwinds. Apple’s iOS changes have made ad targeting difficult, which, in turn, has increased the cost of driving outcomes. Measuring these outcomes has also become difficult. Meta expects these factors to hurt advertising revenue growth throughout 2022. Meta’s second-quarter guidance reflects macroeconomic and forex concerns. Cost inflation and supply chain disruptions are expected to impact advertiser budgets. However, Meta is benefiting from steady user growth across all regions, particularly Asia Pacific. Increased engagement for its products like Instagram, WhatsApp, Messenger and Facebook has been a major growth driver. (You can read the full research report on Meta Platform here >>>) Visa shares have declined -7% over the past year against rival Mastercard's -1.7% decline and the Zacks Financial Transaction Services industry’s decline of -31.6%. The company's market leading position offers some measure of stability and visibility in the current uncertain environment, but it is nevertheless faced with a number of near-term challenges, including weak margins outlook a result of rising operating expenses, the negative impact of ramped-up client incentives on top-line growth, and exposure to the Russia-Ukraine situation. However, numerous buyouts and alliances paved the way for long-term growth and consistently drove its revenues. The company's investments in technology are solidifying its position in the payments market. A shift in payments to the digital mode is a boon. The coronavirus vaccine rollouts and the gradual revival of consumer confidence will keep driving spending, expanding business volumes in turn. Backed by its strong cash position, it remains committed to boost its shareholder value. Its balance sheet strength is commendable.(You can read the full research report on Visa here >>>) Verizon Communications shares have declined -5.2% over the past year against the Zacks Wireless National industry’s decline of -5.3%. The company offered a muted outlook for 2022 due to the challenging macroeconomic environment. An intensely competitive market and hefty expenses on promotions and lucrative discounts to attract customers are likely to hurt its profitability. High auctioning expenses for the mid-band spectrum are expected to further compromise margins. However, the company plans to accelerate the availability of its 5G Ultra Wideband network with C-Band deployment, covering 175 million people by the end of 2022. Its growth strategy includes 5G mobility, nationwide broadband and mobile edge compute and business solutions. Verizon is building the entire network infrastructure to provide the most amazing 5G experience to customers. It is offering various mix-and-match pricing in both wireless and home broadband plans which has led to solid customer additions. (You can read the full research report on Verizon here >>>)Other noteworthy reports we are featuring today include JPMorgan Chase & Co. (JPM), United Parcel Service, Inc. (UPS), and Canadian Natural Resources Limited (CNQ). Sheraz Mian Director of Research Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>Today's Must ReadSolid User Base, Instagram Strength Aid Meta Platforms (FB)Visa (V) Rides on Improving Top Line & Solid Balance SheetVerizon (VZ) Rides on Wireless Subscriber Growth, 5G TractionFeatured ReportsHigher Rates, Loans Aid JPMorgan (JPM), Fee Income a ConcernPer the Zacks analyst, higher interest rates, solid loan demand, strategic buyouts, opening new branches and digitization of operations aid JPMorgan amid fee income growth challenge and rising costs.E-commerce, Dividends & Buybacks Boost UPS, Cost Woes BotherThe Zacks analyst is impressed with the company's efforts to reward its shareholders. E-commerce growth is a bonus. Escalated operating expenses are, however, limiting bottom-line growth.Investment on Infrastructure & Clean Assets Aid Dominion (D)Per the Zacks analyst, Dominion's planned investment of $37B through 2026 to enhance clean electricity generation and strengthen its infrastructure will boost its profitability.KLA (KLAC) Benefits From Growing Foundry/Logic InvestmentsPer the Zacks analyst, KLA is gaining from increasing investments across multiple nodes. This is driving its growth in the Foundry/Logic market.Dow (DOW) Gains on Cost Actions, Project InvestmentAccording to the Zacks analyst, Dow is well placed to benefit from cost synergy savings and productivity initiatives and its investment in high-return growth projects.Fastenal (FAST) Rides on Higher Market Demand, Costs HighPer the Zacks analyst, improved unit sales across most products to traditional manufacturing and construction customers have been aiding Fastenal. However,higher product and freight inflation are riskTeva (TEVA) May Return to Growth Amid Opioid Litigation WoesWith improving operational efficiencies/fundamentals and significant debt reduction, the Zacks analyst says Teva may return to growth in couple of years. Opioid suits and DOJ inquiries are concerns.New UpgradesDiverse Production Mix Aids Canadian Natural (CNQ)The Zacks analyst believes that Canadian Natural's diverse production mix of synthetic oil, heavy crude oil, natural gas and light crude oil facilitates long-term value and reduces risk profile.Capacity Expansion, Cost Reduction to Aid Albemarle (ALB)Per the Zacks analyst, Albemarle should gain from its actions to boost its global lithium derivative capacity. Its cost-saving actions will also support margins.An Expanded Portfolio Continues to Aid AMN Healthcare (AMN)The Zacks analyst is upbeat about AMN Healthcare's expanded portfolio serving a diverse and growing healthcare talent-related needs. The recent Connetics USA buyout also buoys optimism.New DowngradesXerox (XRX) Hurt by Lower Demand for Paper Related ProductsThe Zacks analyst believes that decreasing demand for paper-related systems and products due to technological advancements will hurt Xerox.Higher Freight Costs Hurt Abercrombie's (ANF) Gross MarginsPer the Zacks analyst, the volatile supply environment and higher freight costs have been weighing on Abercrombie's gross margin. It expects higher costs to be a headwind throughout fiscal 2022.Margin Pressure, Elevated Costs Hurt Hilltop Holdings (HTH)Per the Zacks analyst, despite the expected rate hikes, Hilltop Holdings might continue to witness pressure on margins in the near term due to relatively lower rates. Higher costs might hurt profits. Just Released: The Biggest Tech IPOs of 2022 For a limited time, Zacks is revealing the most anticipated tech IPOs expected to launch this year. Concerns about Federal interest rates and inflation caused many private companies to stay on the bench- leading to companies with better brand recognition and higher growth rates getting into the game. With the strength of our economy and record amounts of cash flooding into IPOs, you don’t want to miss this opportunity. See the complete list today.>>See Zacks Hottest IPOs NowWant 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 JPMorgan Chase & Co. (JPM): Free Stock Analysis Report Visa Inc. (V): Free Stock Analysis Report Verizon Communications Inc. (VZ): Free Stock Analysis Report United Parcel Service, Inc. (UPS): Free Stock Analysis Report Canadian Natural Resources Limited (CNQ): Free Stock Analysis Report Meta Platforms, Inc. (FB): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacks6 hr. 9 min. ago

An AI Company Scraped Billions of Photos For Facial Recognition. Regulators Can’t Stop It

More and more privacy watchdogs around the world are standing up to Clearview AI, a U.S. company that has collected billions of photos from the internet without people’s permission. The company, which uses those photos for its facial recognition software, was fined £7.5 million ($9.4 million) by a U.K. regulator on May 26. The U.K.… More and more privacy watchdogs around the world are standing up to Clearview AI, a U.S. company that has collected billions of photos from the internet without people’s permission. The company, which uses those photos for its facial recognition software, was fined £7.5 million ($9.4 million) by a U.K. regulator on May 26. The U.K. Information Commissioner’s Office (ICO) said the firm, Clearview AI, had broken data protection law. The company denies breaking the law. But the case reveals how nations have struggled to regulate artificial intelligence across borders. Facial recognition tools require huge quantities of data. In the race to build profitable new AI tools that can be sold to state agencies or attract new investors, companies have turned to downloading—or “scraping”—trillions of data points from the open web. [time-brightcove not-tgx=”true”] In the case of Clearview, these are pictures of peoples’ faces from all over the internet, including social media, news sites and anywhere else a face might appear. The company has reportedly collected 20 billion photographs—the equivalent of nearly three per human on the planet. Those photos underpin the company’s facial recognition algorithm. They are used as training data, or a way of teaching Clearview’s systems what human faces look like and how to detect similarities or distinguish between them. The company says its tool can identify a person in a photo with a high degree of accuracy. It is one of the most accurate facial recognition tools on the market, according to U.S. government testing, and has been used by U.S. Immigration and Customs enforcement and thousands of police departments, as well as businesses like Walmart. The vast majority of people have no idea their photographs are likely included in the dataset that Clearview’s tool relies on. “They don’t ask for permission. They don’t ask for consent,” says Abeba Birhane, a senior fellow for trustworthy AI at Mozilla. “And when it comes to the people whose images are in their data sets, they are not aware that their images are being used to train machine learning models. This is outrageous.” The company says its tools are designed to keep people safe. “Clearview AI’s investigative platform allows law enforcement to rapidly generate leads to help identify suspects, witnesses and victims to close cases faster and keep communities safe,” the company says on its website. But Clearview has faced other intense criticism, too. Advocates for responsible uses of AI say that facial recognition technology often disproportionately misidentifies people of color, making it more likely that law enforcement agencies using the database could arrest the wrong person. And privacy advocates say that even if those biases are eliminated, the data could be stolen by hackers or enable new forms of intrusive surveillance by law enforcement or governments. Read More: Uber Drivers Say a ‘Racist’ Facial Recognition Algorithm Is Putting Them Out of Work Will the U.K.’s fine have any impact? In addition to the $9.4 million fine, the U.K. regulator ordered Clearview to delete all data it collected from U.K. residents. That would ensure its system could no longer identify a picture of a U.K. user. But it is not clear whether Clearview will pay the fine, nor comply with that order. “As long as there are no international agreements, there is no way of enforcing things like what the ICO is trying to do,” Birhane says. “This is a clear case where you need a transnational agreement.” It wasn’t the first time Clearview has been reprimanded by regulators. In February, Italy’s data protection agency fined the company 20 million euros ($21 million) and ordered the company to delete data on Italian residents. Similar orders have been filed by other E.U. data protection agencies, including in France. The French and Italian agencies did not respond to questions about whether the company has complied. In an interview with TIME, the U.K. privacy regulator John Edwards said Clearview had informed his office that it cannot comply with his order to delete U.K. residents’ data. In an emailed statement, Clearview’s CEO Hoan Ton-That indicated that this was because the company has no way of knowing where people in the photos live. “It is impossible to determine the residency of a citizen from just a public photo from the open internet,” he said. “For example, a group photo posted publicly on social media or in a newspaper might not even include the names of the people in the photo, let alone any information that can determine with any level of certainty if that person is a resident of a particular country.” In response to TIME’s questions about whether the same applied to the rulings by the French and Italian agencies, Clearview’s spokesperson pointed back to Ton-That’s statement. Ton-That added: “My company and I have acted in the best interests of the U.K. and their people by assisting law enforcement in solving heinous crimes against children, seniors, and other victims of unscrupulous acts … We collect only public data from the open internet and comply with all standards of privacy and law. I am disheartened by the misinterpretation of Clearview AI’s technology to society.” Clearview did not respond to questions about whether it intends to pay, or contest, the $9.4 million fine from the U.K. privacy watchdog. But its lawyers have said they do not believe the U.K.’s rules apply to them. “The decision to impose any fine is incorrect as a matter of law,” Clearview’s lawyer, Lee Wolosky, said in a statement provided to TIME by the company. “Clearview AI is not subject to the ICO’s jurisdiction, and Clearview AI does no business in the U.K. at this time.” Regulation of AI: unfit for purpose? Regulation and legal action in the U.S. has had more success. Earlier this month, Clearview agreed to allow users from Illinois to opt out of their search results. The agreement was a result of a settlement to a lawsuit filed by the ACLU in Illinois, where privacy laws say that the state’s residents must not have their biometric information (including “faceprints”) used without permission. Still, the U.S. has no federal privacy law, leaving enforcement up to individual states. Although the Illinois settlement also requires Clearview to stop selling its services to most private businesses across the U.S., the lack of a federal privacy law means companies like Clearview face little meaningful regulation at the national and international levels. “Companies are able to exploit that ambiguity to engage in massive wholesale extractions of personal information capable of inflicting great harm on people, and giving significant power to industry and law enforcement agencies,” says Woodrow Hartzog, a professor of law and computer science at Northeastern University. Hartzog says that facial recognition tools add new layers of surveillance to people’s lives without their consent. It is possible to imagine the technology enabling a future where a stalker could instantly find the name or address of a person on the street, or where the state can surveil people’s movements in real time. The E.U. is weighing new legislation on AI that could see forms of facial recognition based on scraped data being banned almost entirely in the bloc starting next year. But Edwards—the U.K. privacy tsar whose role includes helping to shape incoming post-Brexit privacy legislation—doesn’t want to go that far. “There are legitimate uses of facial recognition technology,” he says. “This is not a fine against facial recognition technology… It is simply a decision which finds one company’s deployment of technology in breach of the legal requirements in a way which puts the U.K. citizens at risk.” It would be a significant win if, as demanded by Edwards, Clearview were to delete U.K. residents’ data. Clearview doing so would prevent them from being identified by its tools, says Daniel Leufer, a senior policy analyst at digital rights group Access Now in Brussels. But it wouldn’t go far enough, he adds. “The whole product that Clearview has built is as if someone built a hotel out of stolen building materials. The hotel needs to stop operating. But it also needs to be demolished and the materials given back to the people who own them,” he says. “If your training data is illegitimately collected, not only should you have to delete it, you should delete models that were built on it.” But Edwards says his office has not ordered Clearview to go that far. “The U.K. data will have contributed to that machine learning, but I don’t think that there’s any way of us calculating the materiality of the U.K. contribution,” he says. “It’s all one big soup, and frankly, we didn’t pursue that angle.”.....»»

Category: topSource: time11 hr. 39 min. ago

Analyst Ratings for Redbox Entertainment

Redbox Entertainment (NASDAQ:RDBX) has observed the following analyst ratings within the last quarter: Latest Ratings for RDBX DateFirmActionFromTo Nov 2021WedbushInitiates Coverage OnOutperform Nov 2021BTIGInitiates Coverage OnBuy Nov 2021Canaccord GenuityInitiates Coverage OnBuy View More Analyst Ratings for RDBX View the Latest Analyst Ratings read more.....»»

Category: blogSource: benzinga14 hr. 41 min. ago

"Top Gun" was the biggest movie of 1986. 36 years later, its sequel is the theater industry"s best shot at winning back older moviegoers.

"Top Gun: Maverick" hits movie theaters this weekend after several delays, and the theater industry hopes it can bring out a coveted demographic. Tom Cruise in "Top Gun: Maverick."Paramount. "Top Gun: Maverick" finally arrives in theaters this weekend after several delays. Theatrical industry leaders are optimistic it can bring out older moviegoers. Analysts are projecting the movie to earn close to or over $100 million over the three-day weekend. "Top Gun" was the highest-grossing movie of 1986 with $174 million in the US, which would be $460 million in today's dollars.This weekend, the movie's long-awaited big-budget sequel, "Top Gun: Maverick," finally arrives in theaters after several pandemic-related delays. It does so with the widest US release of all time, in 4,735 theaters.Paramount, the movie's distributor (it was coproduced and cofinanced by Skydance), has given its other movies this year, like "The Lost City" and "Scream," 45-day exclusive theatrical windows before they arrive on the streaming service Paramount+. It's shorter than the typical pre-pandemic window of 75 days to 90 days, but is emerging as a new industry standard."Maverick," though, is getting a longer window than 45 days, a person familiar with Paramount's plans told Insider.Even so, in a theatrical market dominated by superhero blockbusters, "Maverick" isn't expected to top the 2022 box office like its predecessor did 36 years ago.Still, the movie has a lot riding on it.Moviegoers ages 45 and up have been slow to return to cinemas, and theatrical industry leaders are hoping that "Maverick" will attract them in droves."'Maverick' is a perfect, energizing, fun movie with an audience that grew up with Tom Cruise and 'Top Gun'," Rolando Rodriguez, the CEO of Marcus Theatres and chairman of the National Association of Theatre Owners, told Insider during last month's exhibitor conference CinemaCon."If I had to choose one movie, I'd say it's that one that could really break through with a consumer base we want back."Rich Gelfond, the CEO of the film technology company Imax, which specializes in advanced cameras and projection systems, thinks "Maverick" is better than the first "Top Gun.""I know that's a bold thing to say because the original is so iconic, but it's the kind of story where if you saw the original, you'll get it and it takes it to a new place," Gelfond said at CinemaCon. "But it also stands on its own if you never saw the original."Box-office experts think 'Top Gun: Maverick' can bring Gen Xers and Baby Boomers back to theatersBox-office experts are confident, too.Shawn Robbins, the chief analyst at Box Office Pro, is projecting a $130 million three-day opening, and $156 million over the four-day Memorial Day weekend."As a film that could bring back many Generation Xers and Baby Boomers to theater for one of — if not their first — trips back to a theater since 2019, the 'Top Gun' sequel is modeling near or above where it once was when tracking and marketing first began nearly three years ago," Robbins wrote. Others have been more conservative with their estimates, but still bullish. Bruce Nash, founder of the box-office analysis site The Numbers, is projecting $92 million over the three-day weekend.Either way, it would be star Tom Cruise's biggest box-office opening of his career, topping 2005's "War of the Worlds," which earned $65 million in its first weekend. The first "Top Gun" made $8 million in its debut ($21 million after inflation).Paul Dergarabedian, the Comscore senior media analyst, noted that nearly half of "Downton Abbey: A New Era's" debut audience this past weekend was at least 55 years old.The movie underperformed compared to the first "Downton Abbey" movie in 2019 — $16 million in its first weekend compared to $31 million. But Dergarabedian said that it's still a sign of growing interest for that age group in returning to cinemas for the right movie."Momentum builds momentum," he said.But he also said: "The mature demographic may not rush out to a movie on the first weekend. They show their enthusiasm in a different way."Last year's James Bond movie "No Time to Die" might be a better comparison. The Bond franchise typically skews older, and the movie earned a decent but not exceptional $55 million in its opening weekend. Then it went on to gross $160 million in the US after showing strong legs during its theatrical run (and $774 million worldwide).With a substantial theatrical window, "Maverick" could hold steady at the box office for the duration of the summer movie season if word of mouth is strong enough."Maverick" has received near-universal acclaim and has a 97% critic score on Rotten Tomatoes. Indiewire's David Ehrlich called it a "a confidently rapturous, emotionally involving, take-your-breath-away great time at the movies."Read the original article on Business Insider.....»»

Category: dealsSource: nyt16 hr. 26 min. ago

Southern States Bancshares, Inc. (SSBK) Moves to Strong Buy: Rationale Behind the Upgrade

Southern States Bancshares, Inc. (SSBK) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term. Southern States Bancshares, Inc. (SSBK) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time.As such, the Zacks rating upgrade for Southern States Bancshares, Inc. is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Southern States Bancshares, Inc. imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.Harnessing the Power of Earnings Estimate RevisionsAs empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>>.Earnings Estimate Revisions for Southern States Bancshares, Inc.For the fiscal year ending December 2022, this company is expected to earn $2.20 per share, which is a change of 14.6% from the year-ago reported number.Analysts have been steadily raising their estimates for Southern States Bancshares, Inc. Over the past three months, the Zacks Consensus Estimate for the company has increased 11.7%.Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.You can learn more about the Zacks Rank here >>>The upgrade of Southern States Bancshares, Inc. to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term. Just Released: Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top buy-and-hold tickers for the entirety of 2022? Last year's 2021 Zacks Top 10 Stocks portfolio returned gains as high as +147.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buysAccess Zacks Top 10 Stocks for 2022 today >>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 Southern States Bancshares, Inc. (SSBK): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksMay 26th, 2022

What Makes New Fortress Energy (NFE) a New Strong Buy Stock

New Fortress Energy (NFE) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term. Investors might want to bet on New Fortress Energy (NFE), as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time.As such, the Zacks rating upgrade for New Fortress Energy is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for New Fortress Energy imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.Harnessing the Power of Earnings Estimate RevisionsAs empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>>.Earnings Estimate Revisions for New Fortress EnergyFor the fiscal year ending December 2022, this company is expected to earn $2.03 per share, which is a change of 181.9% from the year-ago reported number.Analysts have been steadily raising their estimates for New Fortress Energy. Over the past three months, the Zacks Consensus Estimate for the company has increased 58.6%.Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.You can learn more about the Zacks Rank here >>>The upgrade of New Fortress Energy to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term. Just Released: Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top buy-and-hold tickers for the entirety of 2022? Last year's 2021 Zacks Top 10 Stocks portfolio returned gains as high as +147.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buysAccess Zacks Top 10 Stocks for 2022 today >>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 New Fortress Energy LLC (NFE): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksMay 26th, 2022

What Makes Agilent (A) a New Buy Stock

Agilent (A) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term. Agilent Technologies (A) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time.As such, the Zacks rating upgrade for Agilent is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.For Agilent, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.Harnessing the Power of Earnings Estimate RevisionsEmpirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>>.Earnings Estimate Revisions for AgilentThis scientific instrument maker is expected to earn $4.89 per share for the fiscal year ending October 2022, which represents a year-over-year change of 12.7%.Analysts have been steadily raising their estimates for Agilent. Over the past three months, the Zacks Consensus Estimate for the company has increased 0.8%.Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.You can learn more about the Zacks Rank here >>>The upgrade of Agilent to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term. Just Released: Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top buy-and-hold tickers for the entirety of 2022? Last year's 2021 Zacks Top 10 Stocks portfolio returned gains as high as +147.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buysAccess Zacks Top 10 Stocks for 2022 today >>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 Agilent Technologies, Inc. (A): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksMay 26th, 2022

What Makes ViewRay (VRAY) a New Buy Stock

ViewRay (VRAY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term. ViewRay (VRAY) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time.As such, the Zacks rating upgrade for ViewRay is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.For ViewRay, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.Harnessing the Power of Earnings Estimate RevisionsEmpirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>>.Earnings Estimate Revisions for ViewRayThis radiation therapy systems maker is expected to earn -$0.60 per share for the fiscal year ending December 2022, which represents a year-over-year change of 10.5%.Analysts have been steadily raising their estimates for ViewRay. Over the past three months, the Zacks Consensus Estimate for the company has increased 10.7%.Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.You can learn more about the Zacks Rank here >>>The upgrade of ViewRay to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term. Just Released: Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top buy-and-hold tickers for the entirety of 2022? Last year's 2021 Zacks Top 10 Stocks portfolio returned gains as high as +147.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buysAccess Zacks Top 10 Stocks for 2022 today >>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 ViewRay, Inc. (VRAY): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksMay 26th, 2022

Perpetua Resources Corp. (PPTA) Upgraded to Buy: Here"s Why

Perpetua Resources Corp. (PPTA) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term. Perpetua Resources Corp. (PPTA) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time.Therefore, the Zacks rating upgrade for Perpetua Resources Corp. basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.For Perpetua Resources Corp. rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.Harnessing the Power of Earnings Estimate RevisionsAs empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>>.Earnings Estimate Revisions for Perpetua Resources Corp.For the fiscal year ending December 2022, this company is expected to earn -$0.49 per share, which is a change of 25.8% from the year-ago reported number.Analysts have been steadily raising their estimates for Perpetua Resources Corp. Over the past three months, the Zacks Consensus Estimate for the company has increased 6.7%.Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.You can learn more about the Zacks Rank here >>>The upgrade of Perpetua Resources Corp. to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term. Just Released: Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top buy-and-hold tickers for the entirety of 2022? Last year's 2021 Zacks Top 10 Stocks portfolio returned gains as high as +147.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buysAccess Zacks Top 10 Stocks for 2022 today >>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 Perpetua Resources Corp. (PPTA): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksMay 26th, 2022

Risks to Tesla stock are piling up and investors should prepare for less upside ahead as "disruption from inside" and a wave of negative headlines weigh on shares, says Jefferies

In lowering its price target on Tesla by 16% to $1,050, Jefferies cited an "uncomfortable pile up of negative news" surrounding CEO Elon Musk. Tesla CEO Elon Musk walks in front of a Model Y image in Shanghai.Aly Song/Reuters Jefferies cut its price target on Tesla to $1,050 from $1,250 on Thursday, seeing less upside to the EV maker's stock.  The investment bank said it's "witnessing an uncomfortable pile up of negative news" surrounding Tesla CEO Elon Musk.  Tesla shares have lost more than 30% this year but gained ground during Thursday's session.  Tesla's price target was cut by 16% at Jefferies on Thursday, citing heightened governance risks surrounding CEO Elon Musk as a reason it's seeing less potential upside for the electric vehicle maker's stock. "Long-held fears of disruption from inside have come true, raising Tesla's risk profile while operating performance continues to set transformative new standards of returns and resource efficiency," Jefferies analyst Philippe Houchois wrote in a note to clients.The investment bank dropped its price target to $1,050 from $1,250 but retained its buy rating on Tesla. Tesla shares during Thursday's session were up by more than 6% to trade above $700. But the stock has been knocked down by more than 30% during 2022.  "'Enemy inside' and 'Tesla bigger than Musk' is how we have for years framed the risks from Tesla's unconventional leadership and weak governance," said Houchois. "It is hard to isolate factors behind the recent correction, from Nasdaq, to Twitter financial commitments and China lockdowns, but we are clearly witnessing an uncomfortable pile up of negative news from ratings to polarizing political opinions and ethical questions," he wrote. "His personality suggests resolution depends on him alone," Houchois also wrote. Tesla stock has been hit as part of a broader selloff in the technology sector that's pushed the Nasdaq Composite into a bear market.Meanwhile, Musk has been working on a high-profile deal to buy social media app Twitter for $44 billion but suggested cutting his offer based on the number of bots on the platform. On Thursday came news that Musk put up another $6.25 billion of his own wealth to fund the transaction. In addition, Musk last week told his 95 million Twitter followers he would switch to voting for Republicans as Democrats "have become the party of division & hate." The following evening, Insider published a report based on documents saying SpaceX, the aerospace firm that Musk founded, paid a flight attendant $250,000 to settle a sexual misconduct claim against Musk in 2018. Musk in a tweet said attacks against him "should be viewed through a political lens." He didn't make a reference to any specific attacks. The "low-filter" communication style can be unsettling, said Houchois, "although we find it usually helpful as Mr. Musk freely shares what is on his mind and implications for Tesla, from raw material shortages to manufacturing challenges or future automation." Tesla has "exceptional fundamentals," said Houchois. "Tesla is set to continue generating [free cash flow] cash faster than it can build physical product and capacity, with cash expected to be deployed into higher battery vertical integration and/or captive financing to support affordability," he said. "The $trillion question is how far Tesla can take model concentration and how many models are needed to take global share to 5% or 15%," said the Jefferies analyst.Read the original article on Business Insider.....»»

Category: dealsSource: nytMay 26th, 2022

Natural Gas Prices In The U.S. Reach $9 For The First Time Since 2008

Natural gas prices in the U.S. soared above $9 per million British thermal units (MMBtu) Wednesday for the first time in almost 15 years. The Henry Hub benchmark went up by 4.93% on the option expiry day and ahead of the expiry of the June contract Thursday. Natural Gas Prices As reported by Oil Price, […] Natural gas prices in the U.S. soared above $9 per million British thermal units (MMBtu) Wednesday for the first time in almost 15 years. The Henry Hub benchmark went up by 4.93% on the option expiry day and ahead of the expiry of the June contract Thursday. Natural Gas Prices As reported by Oil Price, the jump in prices is due to high liquid natural gas (LNG) exports and warmer weather. Also, the prompt-month contract expiry has played a role as prices have skyrocketed 130% so far this year. .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Ray Dalio Series in PDF Get the entire 10-part series on Ray Dalio in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q1 2022 hedge fund letters, conferences and more The U.S. faced higher temperatures in early May, which, amid supply issues, also drove prices higher via the increasing use of cooling and air conditioning systems The big price jump in 2022 can also be explained by Europe’s LNG increasing demand during the ongoing invasion of Ukraine, which has prompted the bloc to turn to other gas sources. According to the EIA’s latest Weekly Natural Gas Storage Report released on May 19, working natural gas stocks are 17% lower than the year-ago level and 15% lower than the five-year average for the week, Oil Price reports. ″[G]as is being forced to fulfill a significantly greater portion of power burn during a summer that looks to top records for electricity load,” Campbell Faulkner, senior vice president and chief data analyst at OTC Global Holdings, said. Background LNG exports have smashed records and the higher demand in the U.S. have pushed natural gas prices to levels not seen since 2008. Analysts agree that Europe’s increasing demand due to the Russian-Ukraine conflict, and the higher temperatures expected in the summer, will make natural gas prices jump even higher, up to $10 MMBtu in the next few days. Ole Hansen, head of commodity strategy at Saxo Bank, tweeted “US #natgas spikes with hotter weather expected to boost already strong demand with limited production growth to counter.” Campbell said, “Gas for many years was the waste by-product of continued shale drilling across producing basins in the U.S. which kept prices unusually low.” “Since the 2020 low in drilling, the market has been pushed into a tight supply demand situation which will not be remedied quickly,” he added. Updated on May 25, 2022, 3:59 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalkMay 25th, 2022

Short-Covering Begins In Big Lots

Why Did Big Lots Gain 12% Today? Short-Covering We were pleasantly surprised to see shares of Big Lots (NYSE:BIG) up 12% but could not understand why until we saw the short interest. The stock has been in a downtrend for some time driven by dwindling analysts’ sentiment, fear of slowing sales, and an ever-growing short […] Why Did Big Lots Gain 12% Today? Short-Covering We were pleasantly surprised to see shares of Big Lots (NYSE:BIG) up 12% but could not understand why until we saw the short interest. The stock has been in a downtrend for some time driven by dwindling analysts’ sentiment, fear of slowing sales, and an ever-growing short interest that reached lofty levels above 25% in the weeks ahead of the Q2 report. With the report still due out and the analysts still downgrading the stock, the only thing left to drive it higher is short covering and that makes us think this downtrend is over. The analysts have set the bar so low that Big Lots should easily outperform and even if it doesn’t, trading at 5.8X its earnings and yielding 4.6% it’s a buy, in our book. Regardless of the reason, the shorts are starting to get scared and feel it’s time to get out of the stock. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q1 2022 hedge fund letters, conferences and more The analysts ignored Big Lots for nearly two years and then came out with a series of downgrades and price target reductions in Q1 and Q2. The 8 current ratings, those less than 1 year old, all came out in that time and have the stock pegged at a very weak Hold verging on Sell with a price target only 10% above the recent price action. The latest commentary comes from Bank of America analyst Jason Haas who maintained an Underperform rating while cutting the price target. He cut the price target to $25 or below the current price action on an expectation for a BIG miss this reporting season. In his view, challenging weather conditions, tough comps, late Easter, and increased promotions will all cut into the results and drive shares lower. “Although management has done a good job improving the Big Lots concept, we’re concerned that these changes won’t be enough to offset a challenging macro environment,” he told clients. “In fact, many of the changes made over the past 5+ years have shifted BIG away from food & consumables and towards big ticket furniture making the company less defensive in a downturn.” The Institutions Are Buying Big Lots As sour as the analysts are on Big Lots, the institutions are buying this cheap dividend growth stock. The activity in the YTD portion of 2022 is worth a net 5.1% of the market cap and has total institutional holdings up to nearly 95%. This is a very significant factor for share prices and should put a floor in the market assuming the results are not too far off the consensus. Add in the fact the short interest was running at 26%, this could lead to a very sharp short-covering rally if not a short-squeeze. The risk, of course, is that results will be worse than expected which may lead to institutional selling. Looking at the numbers, Big Lots should not have a bad quarter in terms of sales. The analysts are expecting sequential and YOY decline but that is both seasonal and expected given last year’s unnatural strength. In regards to the 2020 and prepandemic comps, the analysts are expecting flat and up 12% which we view as very positive. The risk is in the earnings, the analysts are expecting only $1.00 compared to last year’s $2.62 and $1.26 in 2020 but we view it as an upside risk. The Technical Outlook: Big Lots Might Be At The Bottom Shares of Big Lots might be at the bottom but we’ve seen short-covering rallies like this before in this market. If the results are good and the market follows through on the move we’ll start to be more bullish. Until then we view this as a relief rally within a bear market and one that may hit resistance a the short-term moving average. Should you invest $1,000 in Big Lots right now? Before you consider Big Lots, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Big Lots wasn't on the list. While Big Lots currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys. Article by Thomas Hughes, MarketBeat Updated on May 25, 2022, 4:46 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalkMay 25th, 2022

All You Need to Know About easyjet PLC (EJTTF) Rating Upgrade to Buy

easyjet PLC (EJTTF) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term. easyjet PLC (EJTTF) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.As such, the Zacks rating upgrade for easyjet PLC is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for easyjet PLC imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.Harnessing the Power of Earnings Estimate RevisionsAs empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>>.Earnings Estimate Revisions for easyjet PLCFor the fiscal year ending September 2022, this company is expected to earn -$0.14 per share, which is a change of 93.9% from the year-ago reported number.Analysts have been steadily raising their estimates for easyjet PLC. Over the past three months, the Zacks Consensus Estimate for the company has increased 48.1%.Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.You can learn more about the Zacks Rank here >>>The upgrade of easyjet PLC to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report easyjet PLC (EJTTF): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksMay 25th, 2022