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Why Etsy, Best Buy And GameStop Shares Are Trading Lower Today

Shares of several retail and apparel stocks, including Etsy Inc (NASDAQ: ETSY), Best Buy Co Inc (NYSE: BBY) and GameStop Corp (NYSE: read more.....»»

Category: blogSource: benzingaJan 14th, 2022

4 Software Stocks to Watch for in a Booming Industry

Computer Software industry participants like Microsoft (MSFT), Salesforce (CRM), Intuit (INTU) and Cadence Design Systems (CDNS) are benefiting from a steady digital transformation environment and strong adoption of cloud computing, despite coronavirus-led disruptions. The Zacks Computer Software industry is benefiting from the pandemic-induced accelerated digital transformation drive across the globe. Software is ubiquitous and has become the focal point of technological innovation. Apart from running devices and applications, its usage has been extended to managing infrastructure. The industry is primarily gaining from the ongoing cloud transition. The role of software is evolving. With the continuation of remote work setup and mainstream adoption of hybrid/flexible work model, the demand for voice and video communication software as well as productivity software is expected to increase exponentially. These trends bode well for industry participants like Microsoft MSFT, Salesforce CRM, Intuit INTU and Cadence Design Systems CDNS. Industry DescriptionThe Zacks Computer Software industry comprises companies that provide software applications related to cloud computing, electronic product designing, digital media and marketing, customer relationship management, on-premises as well as cloud-based database management, accounting and tax purposes, human capital management, cybersecurity and application performance monitoring and cloud-based enterprise communications platform among others. Some of the companies specialize in the development and marketing of simulation software (like the computer-aided design or “CAD”, 3D modelling, product lifecycle management or “PLM”, data orchestration and experience creation), which are widely used by engineers, designers and researchers across a broad spectrum of industries like architecture, engineering and construction; product design and manufacturing; and digital media3 Trends Shaping the Future of the Software IndustryHigher Spending on Software Aids Prospects: The industry’s prospects are bright, given higher spending by the enterprises on software procurement. Continued investment in big data and analytics along with the ongoing adoption of software as a service or SaaS opens up significant opportunities for industry players. Cloud offers a flexible and cost-effective platform to develop and test applications. The deployment time is also much shorter compared with legacy systems. SaaS companies are expected to register strong top-line growth on a higher percentage of recurring revenues, subscription gross margin and a lower churn rate.Cloud Computing Adoption Gaining Traction: The increasing need to secure the cloud platforms, amid growing incidents of cyber-attacks and hacking, is driving demand for cyber security software. Enterprises are focused on rapid migration to cloud and DevOps technologies to achieve scalability and agility for software development as well as IT operations. This helps in delivering a flawless digital experience to clients. This trend has brought immense value to application and infrastructure performance monitoring. It is driving the demand for performance management monitoring tools that are not only scalable but also suitable for cloud-based environments.Remote Work to Drive Demand, Worsening COVID-19 Situation a Concern: The continuation of work-from-home and online-learning set up along with the adoption of distributed workforce model is fueling demand for enterprise communication, workspace management and human capital management software solutions, among others. However, the coronavirus situation is highly evolving with the emergence of a more contagious Omicron variant. Several parts of the world (especially the U.K. and the rest of Europe) are grappling with increasing infection rates, leading to the reimposition of several COVID-19 restrictions. Even the United States is witnessing a surge in the Omicron outbreak. This could affect spending across small- and medium-sized businesses globally. The uncertainty in business visibility could dent the industry’s performance in the near term.Zacks Industry Rank Indicates Bright ProspectsThe Zacks Computer Software industry is housed within the broader Zacks Computer And Technology sector. It carries a Zacks Industry Rank #99, which places it in the top 39% of more than 254 Zacks industries.The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates bright near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.Looking at the aggregate earnings estimate revisions, it appears that analysts are gaining confidence in this group’s earnings growth potential. Since Jan 31, 2021, the industry’s earnings estimate for 2021 has improved 6.1%.Before we present some stocks that you may want to consider for your portfolio, considering their prospects, let us look at the industry’s recent stock-market performance and valuation picture.Industry Outperforms Sector and S&P 500The Zacks Computer Software industry has outperformed the broader Zacks Computer and Technology sector and the S&P 500 Index in the past year.The industry has rallied 25.1% over this period compared with the S&P 500’s rise of 18.4% and the broader sector’s increase of 8%.One-Year Price PerformanceIndustry's Current Valuation On the basis of forward 12-month P/E, which is a commonly used multiple for valuing software companies, we see that the industry is currently trading at 32.9X compared with the S&P 500’s 20.65X. It is also above the sector’s forward-12-month P/E of 26.08X.Over the last five years, the industry has traded as high as 37.26X, as low as 22.60X and at the median of 27.07X, as the chart below shows.Forward 12-Month Price-to-Earnings (P/E) RatioForward 12-Month P/E Ratio4 Software Stocks to Snap Up Right NowSalesforce: Headquartered in San Francisco, CA, Salesforce is the leading provider of on-demand Customer Relationship Management software, enabling organizations to manage critical operations, such as sales force automation, customer service and support, marketing automation, document management, analytics and custom application development.Salesforce is benefiting from a robust demand environment as customers are undergoing a major digital transformation. The rapid adoption of its cloud-based solutions is driving demand for its products. Salesforce’s sustained focus on introducing more aligned products per customers’ needs is driving the top line. The recent acquisition of Slack would position the company as a leader in the enterprise team collaboration solution space and compete with Microsoft’s Teams product.Salesforce sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. The Zacks Consensus Estimate for the company’s fiscal 2022 earnings is at $4.68 per share, up 6.4% in the past 60 days.Price and Consensus: CRMMicrosoft: The Redmond, WA-based company is benefiting from momentum in its Azure cloud platform amid accelerated digital transformation around the globe. The company is now one of the two public cloud providers that can deliver a wide variety of infrastructure-as-a-service (IaaS) and platform-as-a-service (PaaS) solutions at scale.Microsoft is witnessing growth in the user base of its different applications, including Microsoft 365 suite and Dynamics. Recovery in ad and job market boosted LinkedIn and Search revenues. Teams’ user growth is gaining from the continuation of remote work and the implementation of a flexible work model. The solid uptake of new Xbox consoles is aiding the gaming segment performance.Shares of Microsoft have returned 33.5% in a year’s time. The Zacks Consensus Estimate for this Zacks Rank #2 (Buy) company’s fiscal 2022 earnings is pegged at $9.14 per share, up 2 cents in the past 60 days.Price and Consensus: MSFT  Intuit: Mountain View, CA-based Intuit is a business and financial software company that develops and sells financial, accounting and tax preparation software and related services for small businesses, consumers and accounting professionals globally.Intuit is benefiting from strong momentum in online ecosystem revenues and solid professional tax revenues. The TurboTax Live offering is also driving growth in the Consumer tax business. Solid momentum in the company’s lending product, QuickBooks Capital, remains a positive factor. Moreover, the company’s strategy of shifting its business to a cloud-based subscription model will help generate stable revenues over the long run.Shares of Intuit have returned 45.3% in a year’s time. The Zacks Consensus Estimate for this Zacks Rank #2 company’s fiscal 2022 earnings is pegged at $11.68 per share.Price and Consensus: INTU Cadence Design Systems: The San Jose, CA-based company is well-positioned to gain from strength across segments like digital & signoff solutions and functional verification suite. Expanding product portfolio and frequent product launches are a key catalyst.Increasing investments on emerging trends like Internet-of-things (IoT), augmented and virtual reality (AR/VR) as well as autonomous vehicle sub-systems present significant growth opportunities for the company in the long haul. The recent acquisitions of Pointwise and NUMECA are expected to boost the top line.In the past year, shares of Cadence have returned 9.4%. The consensus mark for this Zacks Rank #2 company’s 2021 earnings is pegged at $3.25 per share, unchanged in the past 60 days.Price and Consensus: CDNS  5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Microsoft Corporation (MSFT): Free Stock Analysis Report salesforce.com, inc. (CRM): Free Stock Analysis Report Intuit Inc. (INTU): Free Stock Analysis Report Cadence Design Systems, Inc. (CDNS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJan 21st, 2022

Wall Street Analysts Believe PlayAGS (AGS) Could Rally 79%: Here"s is How to Trade

The mean of analysts' price targets for PlayAGS (AGS) points to a 79.3% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock. PlayAGS (AGS) closed the last trading session at $7.81, gaining 15% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $14 indicates a 79.3% upside potential.The mean estimate comprises five short-term price targets with a standard deviation of $4.12. While the lowest estimate of $10 indicates a 28% increase from the current price level, the most optimistic analyst expects the stock to surge 168.9% to reach $21. It's very important to note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's because the ability and unbiasedness of analysts in setting price targets have long been questionable.But, for AGS, an impressive average price target is not the only indicator of a potential upside. Strong agreement among analysts about the company's ability to report better earnings than they predicted earlier strengthens this view. While a positive trend in earnings estimate revisions doesn't gauge how much a stock could gain, it has proven to be powerful in predicting an upside.Here's What You May Not Know About Analysts' Price TargetsAccording to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.Here's Why There Could be Plenty of Upside Left in AGSThere has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. And that could be a legitimate reason to expect an upside in the stock. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.Over the last 30 days, the Zacks Consensus Estimate for the current year has increased 6.3%, as two estimates have moved higher while one has gone lower.Moreover, AGS currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Therefore, while the consensus price target may not be a reliable indicator of how much AGS could gain, the direction of price movement it implies does appear to be a good guide. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report PlayAGS, Inc. (AGS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJan 21st, 2022

Bristol Myers Squibb (BMY) Stock Moves -1.61%: What You Should Know

Bristol Myers Squibb (BMY) closed the most recent trading day at $63.54, moving -1.61% from the previous trading session. Bristol Myers Squibb (BMY) closed at $63.54 in the latest trading session, marking a -1.61% move from the prior day. This change was narrower than the S&P 500's 1.89% loss on the day. At the same time, the Dow lost 1.3%, and the tech-heavy Nasdaq lost 0.17%.Heading into today, shares of the biopharmaceutical company had gained 4.08% over the past month, outpacing the Medical sector's loss of 7.68% and the S&P 500's loss of 1.79% in that time.Investors will be hoping for strength from Bristol Myers Squibb as it approaches its next earnings release, which is expected to be February 4, 2022. In that report, analysts expect Bristol Myers Squibb to post earnings of $1.84 per share. This would mark year-over-year growth of 26.03%. Meanwhile, our latest consensus estimate is calling for revenue of $12.01 billion, up 8.48% from the prior-year quarter.It is also important to note the recent changes to analyst estimates for Bristol Myers Squibb. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 1.15% lower. Bristol Myers Squibb is currently a Zacks Rank #4 (Sell).Digging into valuation, Bristol Myers Squibb currently has a Forward P/E ratio of 8.19. Its industry sports an average Forward P/E of 18.19, so we one might conclude that Bristol Myers Squibb is trading at a discount comparatively.It is also worth noting that BMY currently has a PEG ratio of 1.05. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Medical - Biomedical and Genetics was holding an average PEG ratio of 1.08 at yesterday's closing price.The Medical - Biomedical and Genetics industry is part of the Medical sector. This group has a Zacks Industry Rank of 151, putting it in the bottom 41% of all 250+ industries.The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.To follow BMY in the coming trading sessions, be sure to utilize Zacks.com. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Bristol Myers Squibb Company (BMY): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJan 21st, 2022

Dow Inc. (DOW) Stock Moves -1.89%: What You Should Know

Dow Inc. (DOW) closed the most recent trading day at $56.72, moving -1.89% from the previous trading session. Dow Inc. (DOW) closed the most recent trading day at $56.72, moving -1.89% from the previous trading session. This change traded in line with S&P 500. Elsewhere, the Dow lost 1.3%, while the tech-heavy Nasdaq lost 0.17%.Coming into today, shares of the materials science had gained 4.84% in the past month. In that same time, the Basic Materials sector gained 6.9%, while the S&P 500 lost 1.79%.Wall Street will be looking for positivity from Dow Inc. as it approaches its next earnings report date. This is expected to be January 27, 2022. In that report, analysts expect Dow Inc. to post earnings of $2.04 per share. This would mark year-over-year growth of 151.85%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $14.33 billion, up 33.81% from the year-ago period.It is also important to note the recent changes to analyst estimates for Dow Inc.These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.46% lower. Dow Inc. is currently sporting a Zacks Rank of #3 (Hold).In terms of valuation, Dow Inc. is currently trading at a Forward P/E ratio of 8.65. This valuation marks a discount compared to its industry's average Forward P/E of 12.73.We can also see that DOW currently has a PEG ratio of 0.29. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. DOW's industry had an average PEG ratio of 1.13 as of yesterday's close.The Chemical - Diversified industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 152, putting it in the bottom 41% of all 250+ industries.The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Dow Inc. (DOW): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksJan 21st, 2022

Enterprise Products Partners (EPD) Stock Moves -1%: What You Should Know

In the latest trading session, Enterprise Products Partners (EPD) closed at $23.80, marking a -1% move from the previous day. In the latest trading session, Enterprise Products Partners (EPD) closed at $23.80, marking a -1% move from the previous day. This move was narrower than the S&P 500's daily loss of 1.89%. Meanwhile, the Dow lost 1.3%, and the Nasdaq, a tech-heavy index, lost 0.17%.Coming into today, shares of the provider of midstream energy services had gained 11.97% in the past month. In that same time, the Oils-Energy sector gained 14.35%, while the S&P 500 lost 1.79%.Enterprise Products Partners will be looking to display strength as it nears its next earnings release, which is expected to be February 1, 2022. The company is expected to report EPS of $0.54, up 5.88% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $11.31 billion, up 60.54% from the year-ago period.It is also important to note the recent changes to analyst estimates for Enterprise Products Partners. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.06% lower within the past month. Enterprise Products Partners is holding a Zacks Rank of #3 (Hold) right now.Valuation is also important, so investors should note that Enterprise Products Partners has a Forward P/E ratio of 11.04 right now. This valuation marks a premium compared to its industry's average Forward P/E of 9.68.The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 209, which puts it in the bottom 19% of all 250+ industries.The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Enterprise Products Partners L.P. (EPD): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksJan 21st, 2022

Caterpillar (CAT) Stock Moves -1.17%: What You Should Know

Caterpillar (CAT) closed the most recent trading day at $214.09, moving -1.17% from the previous trading session. Caterpillar (CAT) closed at $214.09 in the latest trading session, marking a -1.17% move from the prior day. This move was narrower than the S&P 500's daily loss of 1.89%. At the same time, the Dow lost 1.3%, and the tech-heavy Nasdaq lost 0.17%.Heading into today, shares of the construction equipment company had gained 5.06% over the past month, outpacing the Industrial Products sector's loss of 0.04% and the S&P 500's loss of 1.79% in that time.Investors will be hoping for strength from Caterpillar as it approaches its next earnings release, which is expected to be January 28, 2022. The company is expected to report EPS of $2.23, up 5.19% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $13.31 billion, up 18.49% from the year-ago period.Any recent changes to analyst estimates for Caterpillar should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.11% lower within the past month. Caterpillar is currently sporting a Zacks Rank of #3 (Hold).Digging into valuation, Caterpillar currently has a Forward P/E ratio of 17.62. For comparison, its industry has an average Forward P/E of 15.21, which means Caterpillar is trading at a premium to the group.Investors should also note that CAT has a PEG ratio of 1.47 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Manufacturing - Construction and Mining industry currently had an average PEG ratio of 0.49 as of yesterday's close.The Manufacturing - Construction and Mining industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 104, putting it in the top 41% of all 250+ industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.You can find more information on all of these metrics, and much more, on Zacks.com. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Caterpillar Inc. (CAT): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksJan 21st, 2022

Annaly Capital Management (NLY) Stock Moves -1.56%: What You Should Know

Annaly Capital Management (NLY) closed at $7.59 in the latest trading session, marking a -1.56% move from the prior day. Annaly Capital Management (NLY) closed at $7.59 in the latest trading session, marking a -1.56% move from the prior day. This move was narrower than the S&P 500's daily loss of 1.89%. At the same time, the Dow lost 1.3%, and the tech-heavy Nasdaq lost 0.17%.Heading into today, shares of the real estate investment trust had lost 5.86% over the past month, lagging the Finance sector's gain of 3.26% and the S&P 500's loss of 1.79% in that time.Wall Street will be looking for positivity from Annaly Capital Management as it approaches its next earnings report date. In that report, analysts expect Annaly Capital Management to post earnings of $0.26 per share. This would mark a year-over-year decline of 13.33%. Meanwhile, our latest consensus estimate is calling for revenue of $357 million, down 17.53% from the prior-year quarter.Investors might also notice recent changes to analyst estimates for Annaly Capital Management. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.14% lower. Annaly Capital Management is holding a Zacks Rank of #3 (Hold) right now.Looking at its valuation, Annaly Capital Management is holding a Forward P/E ratio of 7.61. This valuation marks a discount compared to its industry's average Forward P/E of 8.61.Meanwhile, NLY's PEG ratio is currently 1.52. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. NLY's industry had an average PEG ratio of 1.97 as of yesterday's close.The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 158, which puts it in the bottom 39% of all 250+ industries.The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.You can find more information on all of these metrics, and much more, on Zacks.com. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Annaly Capital Management Inc (NLY): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksJan 21st, 2022

Berkshire Hathaway B (BRK.B) Stock Moves -1.86%: What You Should Know

In the latest trading session, Berkshire Hathaway B (BRK.B) closed at $305.22, marking a -1.86% move from the previous day. Berkshire Hathaway B (BRK.B) closed the most recent trading day at $305.22, moving -1.86% from the previous trading session. This move was narrower than the S&P 500's daily loss of 1.89%. Meanwhile, the Dow lost 1.3%, and the Nasdaq, a tech-heavy index, lost 0.17%.Prior to today's trading, shares of the company had gained 5.61% over the past month. This has outpaced the Finance sector's gain of 3.26% and the S&P 500's loss of 1.79% in that time.Wall Street will be looking for positivity from Berkshire Hathaway B as it approaches its next earnings report date. The company is expected to report EPS of $2.79, up 29.77% from the prior-year quarter.Any recent changes to analyst estimates for Berkshire Hathaway B should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.71% lower. Berkshire Hathaway B is currently sporting a Zacks Rank of #3 (Hold).In terms of valuation, Berkshire Hathaway B is currently trading at a Forward P/E ratio of 24.74. This valuation marks a premium compared to its industry's average Forward P/E of 13.5.Meanwhile, BRK.B's PEG ratio is currently 3.53. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. BRK.B's industry had an average PEG ratio of 1.69 as of yesterday's close.The Insurance - Property and Casualty industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 90, which puts it in the top 36% of all 250+ industries.The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Berkshire Hathaway Inc. (BRK.B): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJan 21st, 2022

Honeywell International Inc. (HON) Stock Moves -1.83%: What You Should Know

Honeywell International Inc. (HON) closed at $205.10 in the latest trading session, marking a -1.83% move from the prior day. Honeywell International Inc. (HON) closed the most recent trading day at $205.10, moving -1.83% from the previous trading session. This move was narrower than the S&P 500's daily loss of 1.89%. At the same time, the Dow lost 1.3%, and the tech-heavy Nasdaq lost 0.17%.Coming into today, shares of the company had gained 1.8% in the past month. In that same time, the Conglomerates sector lost 1.14%, while the S&P 500 lost 1.79%.Investors will be hoping for strength from Honeywell International Inc. as it approaches its next earnings release, which is expected to be February 3, 2022. The company is expected to report EPS of $2.08, up 0.48% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $8.71 billion, down 2.12% from the year-ago period.Investors might also notice recent changes to analyst estimates for Honeywell International Inc.These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.94% lower. Honeywell International Inc. is holding a Zacks Rank of #4 (Sell) right now.In terms of valuation, Honeywell International Inc. is currently trading at a Forward P/E ratio of 23.39. This valuation marks a premium compared to its industry's average Forward P/E of 17.34.We can also see that HON currently has a PEG ratio of 2.25. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Diversified Operations stocks are, on average, holding a PEG ratio of 1.27 based on yesterday's closing prices.The Diversified Operations industry is part of the Conglomerates sector. This group has a Zacks Industry Rank of 180, putting it in the bottom 30% of all 250+ industries.The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Honeywell International Inc. (HON): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksJan 21st, 2022

AMC Entertainment (AMC) Stock Moves -0.55%: What You Should Know

AMC Entertainment (AMC) closed the most recent trading day at $17.97, moving -0.55% from the previous trading session. In the latest trading session, AMC Entertainment (AMC) closed at $17.97, marking a -0.55% move from the previous day. This change was narrower than the S&P 500's daily loss of 1.89%. Meanwhile, the Dow lost 1.3%, and the Nasdaq, a tech-heavy index, lost 0.17%.Coming into today, shares of the movie theater operator had lost 36.64% in the past month. In that same time, the Consumer Discretionary sector lost 3.32%, while the S&P 500 lost 1.79%.AMC Entertainment will be looking to display strength as it nears its next earnings release. In that report, analysts expect AMC Entertainment to post earnings of -$0.17 per share. This would mark year-over-year growth of 94.6%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.16 billion, up 611.43% from the year-ago period.Any recent changes to analyst estimates for AMC Entertainment should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 3.27% lower within the past month. AMC Entertainment is currently a Zacks Rank #4 (Sell).The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 99, which puts it in the top 39% of all 250+ industries.The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.To follow AMC in the coming trading sessions, be sure to utilize Zacks.com. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AMC Entertainment Holdings, Inc. (AMC): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksJan 21st, 2022

American Express (AXP) Stock Moves -1.35%: What You Should Know

American Express (AXP) closed at $158.74 in the latest trading session, marking a -1.35% move from the prior day. American Express (AXP) closed the most recent trading day at $158.74, moving -1.35% from the previous trading session. This change was narrower than the S&P 500's 1.89% loss on the day. Elsewhere, the Dow lost 1.3%, while the tech-heavy Nasdaq lost 0.17%.Prior to today's trading, shares of the credit card issuer and global payments company had lost 1.99% over the past month. This has lagged the Finance sector's gain of 3.26% and the S&P 500's loss of 1.79% in that time.Investors will be hoping for strength from American Express as it approaches its next earnings release, which is expected to be January 25, 2022. The company is expected to report EPS of $1.78, up 1.14% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $11.6 billion, up 24.02% from the prior-year quarter.It is also important to note the recent changes to analyst estimates for American Express. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.02% lower within the past month. American Express is currently a Zacks Rank #3 (Hold).Looking at its valuation, American Express is holding a Forward P/E ratio of 16.56. This represents a premium compared to its industry's average Forward P/E of 12.19.Investors should also note that AXP has a PEG ratio of 0.59 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. AXP's industry had an average PEG ratio of 0.81 as of yesterday's close.The Financial - Miscellaneous Services industry is part of the Finance sector. This group has a Zacks Industry Rank of 77, putting it in the top 31% of all 250+ industries.The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.You can find more information on all of these metrics, and much more, on Zacks.com. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report American Express Company (AXP): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJan 21st, 2022

Raytheon Technologies (RTX) Stock Moves -1.3%: What You Should Know

Raytheon Technologies (RTX) closed at $87.21 in the latest trading session, marking a -1.3% move from the prior day. In the latest trading session, Raytheon Technologies (RTX) closed at $87.21, marking a -1.3% move from the previous day. This move was narrower than the S&P 500's daily loss of 1.89%. At the same time, the Dow lost 1.3%, and the tech-heavy Nasdaq lost 0.17%.Heading into today, shares of the an aerospace and defense company had gained 4.08% over the past month, lagging the Aerospace sector's gain of 7% and outpacing the S&P 500's loss of 1.79% in that time.Investors will be hoping for strength from Raytheon Technologies as it approaches its next earnings release, which is expected to be January 25, 2022. On that day, Raytheon Technologies is projected to report earnings of $1.01 per share, which would represent year-over-year growth of 36.49%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $17.22 billion, up 4.85% from the year-ago period.Investors should also note any recent changes to analyst estimates for Raytheon Technologies. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.51% lower. Raytheon Technologies is currently a Zacks Rank #4 (Sell).In terms of valuation, Raytheon Technologies is currently trading at a Forward P/E ratio of 18.03. Its industry sports an average Forward P/E of 21.93, so we one might conclude that Raytheon Technologies is trading at a discount comparatively.Meanwhile, RTX's PEG ratio is currently 1.37. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Aerospace - Defense Equipment industry currently had an average PEG ratio of 3.31 as of yesterday's close.The Aerospace - Defense Equipment industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 227, putting it in the bottom 11% of all 250+ industries.The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Raytheon Technologies Corporation (RTX): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksJan 21st, 2022

NextEra Energy (NEE) Stock Moves -1.09%: What You Should Know

NextEra Energy (NEE) closed the most recent trading day at $82.60, moving -1.09% from the previous trading session. NextEra Energy (NEE) closed the most recent trading day at $82.60, moving -1.09% from the previous trading session. This change was narrower than the S&P 500's 1.89% loss on the day. Elsewhere, the Dow lost 1.3%, while the tech-heavy Nasdaq lost 0.17%.Coming into today, shares of the parent company of Florida Power & Light Co. Had lost 7.93% in the past month. In that same time, the Utilities sector lost 0.18%, while the S&P 500 lost 1.79%.Investors will be hoping for strength from NextEra Energy as it approaches its next earnings release, which is expected to be January 25, 2022. On that day, NextEra Energy is projected to report earnings of $0.40 per share, which would represent no growth from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.48 billion, up 24.61% from the year-ago period.Investors should also note any recent changes to analyst estimates for NextEra Energy. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.1% lower. NextEra Energy is currently a Zacks Rank #3 (Hold).Investors should also note NextEra Energy's current valuation metrics, including its Forward P/E ratio of 30.33. This valuation marks a premium compared to its industry's average Forward P/E of 18.12.It is also worth noting that NEE currently has a PEG ratio of 3.39. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Utility - Electric Power stocks are, on average, holding a PEG ratio of 3.38 based on yesterday's closing prices.The Utility - Electric Power industry is part of the Utilities sector. This group has a Zacks Industry Rank of 152, putting it in the bottom 41% of all 250+ industries.The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NextEra Energy, Inc. (NEE): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksJan 21st, 2022

ServiceNow (NOW) Stock Moves -1.41%: What You Should Know

ServiceNow (NOW) closed at $507.74 in the latest trading session, marking a -1.41% move from the prior day. ServiceNow (NOW) closed the most recent trading day at $507.74, moving -1.41% from the previous trading session. This change was narrower than the S&P 500's 1.89% loss on the day. Elsewhere, the Dow lost 1.3%, while the tech-heavy Nasdaq lost 0.17%.Prior to today's trading, shares of the maker of software that automates companies' technology operations had lost 20.6% over the past month. This has lagged the Computer and Technology sector's loss of 6.14% and the S&P 500's loss of 1.79% in that time.Wall Street will be looking for positivity from ServiceNow as it approaches its next earnings report date. This is expected to be January 26, 2022. On that day, ServiceNow is projected to report earnings of $1.43 per share, which would represent year-over-year growth of 22.22%. Meanwhile, our latest consensus estimate is calling for revenue of $1.6 billion, up 28.06% from the prior-year quarter.Investors might also notice recent changes to analyst estimates for ServiceNow. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 2.61% lower within the past month. ServiceNow is currently a Zacks Rank #4 (Sell).Looking at its valuation, ServiceNow is holding a Forward P/E ratio of 71.93. This represents a premium compared to its industry's average Forward P/E of 25.36.It is also worth noting that NOW currently has a PEG ratio of 2.54. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Computers - IT Services was holding an average PEG ratio of 1.46 at yesterday's closing price.The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 158, putting it in the bottom 39% of all 250+ industries.The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ServiceNow, Inc. (NOW): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJan 21st, 2022

American Eagle Outfitters (AEO) Stock Moves -0.52%: What You Should Know

American Eagle Outfitters (AEO) closed the most recent trading day at $21.23, moving -0.52% from the previous trading session. American Eagle Outfitters (AEO) closed at $21.23 in the latest trading session, marking a -0.52% move from the prior day. This change was narrower than the S&P 500's 1.89% loss on the day. Elsewhere, the Dow lost 1.3%, while the tech-heavy Nasdaq lost 0.17%.Coming into today, shares of the teen clothing retailer had lost 8.22% in the past month. In that same time, the Retail-Wholesale sector lost 6.12%, while the S&P 500 lost 1.79%.Investors will be hoping for strength from American Eagle Outfitters as it approaches its next earnings release. On that day, American Eagle Outfitters is projected to report earnings of $0.38 per share, which would represent a year-over-year decline of 2.56%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.53 billion, up 18.43% from the year-ago period.AEO's full-year Zacks Consensus Estimates are calling for earnings of $2.18 per share and revenue of $5.03 billion. These results would represent year-over-year changes of +990% and +33.73%, respectively.Any recent changes to analyst estimates for American Eagle Outfitters should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 4.66% lower. American Eagle Outfitters is holding a Zacks Rank of #3 (Hold) right now.Investors should also note American Eagle Outfitters's current valuation metrics, including its Forward P/E ratio of 9.81. For comparison, its industry has an average Forward P/E of 11.73, which means American Eagle Outfitters is trading at a discount to the group.The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 96, which puts it in the top 38% of all 250+ industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.To follow AEO in the coming trading sessions, be sure to utilize Zacks.com. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report American Eagle Outfitters, Inc. (AEO): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJan 21st, 2022

Amgen (AMGN) Stock Moves -0.52%: What You Should Know

Amgen (AMGN) closed the most recent trading day at $227.72, moving -0.52% from the previous trading session. Amgen (AMGN) closed at $227.72 in the latest trading session, marking a -0.52% move from the prior day. This change was narrower than the S&P 500's 1.89% loss on the day. Elsewhere, the Dow lost 1.3%, while the tech-heavy Nasdaq lost 0.17%.Coming into today, shares of the world's largest biotech drugmaker had gained 2.28% in the past month. In that same time, the Medical sector lost 7.68%, while the S&P 500 lost 1.79%.Investors will be hoping for strength from Amgen as it approaches its next earnings release. On that day, Amgen is projected to report earnings of $4.12 per share, which would represent year-over-year growth of 8.14%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6.91 billion, up 4.13% from the year-ago period.It is also important to note the recent changes to analyst estimates for Amgen. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.65% lower within the past month. Amgen is currently a Zacks Rank #3 (Hold).Investors should also note Amgen's current valuation metrics, including its Forward P/E ratio of 12.78. This valuation marks a discount compared to its industry's average Forward P/E of 18.19.We can also see that AMGN currently has a PEG ratio of 1.52. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Medical - Biomedical and Genetics was holding an average PEG ratio of 1.08 at yesterday's closing price.The Medical - Biomedical and Genetics industry is part of the Medical sector. This group has a Zacks Industry Rank of 151, putting it in the bottom 41% of all 250+ industries.The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.To follow AMGN in the coming trading sessions, be sure to utilize Zacks.com. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Amgen Inc. (AMGN): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksJan 21st, 2022

General Dynamics (GD) Stock Moves -1.17%: What You Should Know

General Dynamics (GD) closed at $206.54 in the latest trading session, marking a -1.17% move from the prior day. General Dynamics (GD) closed the most recent trading day at $206.54, moving -1.17% from the previous trading session. This change was narrower than the S&P 500's daily loss of 1.89%. At the same time, the Dow lost 1.3%, and the tech-heavy Nasdaq lost 0.17%.Prior to today's trading, shares of the defense contractor had gained 2.1% over the past month. This has lagged the Aerospace sector's gain of 7% and outpaced the S&P 500's loss of 1.79% in that time.Investors will be hoping for strength from General Dynamics as it approaches its next earnings release, which is expected to be January 26, 2022. In that report, analysts expect General Dynamics to post earnings of $3.37 per share. This would mark a year-over-year decline of 3.44%. Our most recent consensus estimate is calling for quarterly revenue of $10.7 billion, up 2.1% from the year-ago period.Investors should also note any recent changes to analyst estimates for General Dynamics. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.11% lower. General Dynamics is holding a Zacks Rank of #4 (Sell) right now.Digging into valuation, General Dynamics currently has a Forward P/E ratio of 16.76. This valuation marks a premium compared to its industry's average Forward P/E of 16.7.Meanwhile, GD's PEG ratio is currently 1.85. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Aerospace - Defense was holding an average PEG ratio of 2.3 at yesterday's closing price.The Aerospace - Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 206, which puts it in the bottom 20% of all 250+ industries.The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report General Dynamics Corporation (GD): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJan 21st, 2022

Upstart Holdings, Inc. (UPST) Outpaces Stock Market Gains: What You Should Know

Upstart Holdings, Inc. (UPST) closed the most recent trading day at $111.11, moving +1.7% from the previous trading session. In the latest trading session, Upstart Holdings, Inc. (UPST) closed at $111.11, marking a +1.7% move from the previous day. This change outpaced the S&P 500's 0.08% gain on the day. At the same time, the Dow lost 0.56%, and the tech-heavy Nasdaq lost 0.42%.Prior to today's trading, shares of the company had lost 22.32% over the past month. This has lagged the Computer and Technology sector's loss of 5.11% and the S&P 500's gain of 0.22% in that time.Upstart Holdings, Inc. will be looking to display strength as it nears its next earnings release, which is expected to be February 15, 2022. On that day, Upstart Holdings, Inc. is projected to report earnings of $0.49 per share, which would represent year-over-year growth of 600%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $261.41 million, up 201.47% from the year-ago period.Investors should also note any recent changes to analyst estimates for Upstart Holdings, Inc.Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 18.52% lower. Upstart Holdings, Inc. currently has a Zacks Rank of #3 (Hold).In terms of valuation, Upstart Holdings, Inc. is currently trading at a Forward P/E ratio of 53.36. This valuation marks a premium compared to its industry's average Forward P/E of 30.26.The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 106, putting it in the top 42% of all 250+ industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com. Infrastructure Stock Boom to Sweep America A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How to Profit from Trillions on Spending for Infrastructure >>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 Upstart Holdings, Inc. (UPST): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksJan 14th, 2022

Teladoc (TDOC) Outpaces Stock Market Gains: What You Should Know

In the latest trading session, Teladoc (TDOC) closed at $79.57, marking a +1.36% move from the previous day. Teladoc (TDOC) closed the most recent trading day at $79.57, moving +1.36% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.08%. Meanwhile, the Dow lost 0.56%, and the Nasdaq, a tech-heavy index, lost 0.42%.Coming into today, shares of the telehealth services provider had lost 10.21% in the past month. In that same time, the Medical sector lost 4.1%, while the S&P 500 gained 0.22%.Teladoc will be looking to display strength as it nears its next earnings release. On that day, Teladoc is projected to report earnings of -$0.60 per share, which would represent a year-over-year decline of 122.22%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $545.34 million, up 42.27% from the year-ago period.Any recent changes to analyst estimates for Teladoc should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 3.92% lower. Teladoc is currently sporting a Zacks Rank of #3 (Hold).The Medical Services industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 206, which puts it in the bottom 20% of all 250+ industries.The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions. Infrastructure Stock Boom to Sweep America A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How to Profit from Trillions on Spending for Infrastructure >>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 Teladoc Health, Inc. (TDOC): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksJan 14th, 2022

Lucid Group, Inc. (LCID) Outpaces Stock Market Gains: What You Should Know

Lucid Group, Inc. (LCID) closed the most recent trading day at $42.22, moving +1.96% from the previous trading session. In the latest trading session, Lucid Group, Inc. (LCID) closed at $42.22, marking a +1.96% move from the previous day. This move outpaced the S&P 500's daily gain of 0.08%. Meanwhile, the Dow lost 0.56%, and the Nasdaq, a tech-heavy index, lost 0.42%.Heading into today, shares of the company had gained 3.4% over the past month, lagging the Auto-Tires-Trucks sector's gain of 5.78% and outpacing the S&P 500's gain of 0.22% in that time.Lucid Group, Inc. will be looking to display strength as it nears its next earnings release.Investors might also notice recent changes to analyst estimates for Lucid Group, Inc.These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 4.55% lower. Lucid Group, Inc. is currently a Zacks Rank #4 (Sell).The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 96, which puts it in the top 38% of all 250+ industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com. Infrastructure Stock Boom to Sweep America A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How to Profit from Trillions on Spending for Infrastructure >>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 Lucid Group, Inc. (LCID): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksJan 14th, 2022