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CSX"s Q4 Earnings & Revenues Beat Estimates, Increase Y/Y

CSX's Q4 results benefit from growth across all its businesses, and revenues from the July 2021 acquisition of Quality Carriers. CSX Corporation’s CSX fourth-quarter 2021 earnings of 42 cents per share surpassed the Zacks Consensus Estimate by a penny. The bottom line improved in double digits year over year owing to higher revenues.Total revenues of $3,427 million outperformed the Zacks Consensus Estimate of $3296 million. The top line jumped 21.3% year over year owing to growth across all its businesses, and revenues from Quality Carriers, which the company acquired in July 2021.Fourth-quarter operating income climbed 12% to $1,366 million. Operating ratio (operating expenses as a percentage of revenues) deteriorated to 60.1% from 57% in the prior-year quarter, with operating expenses increasing 28% year over year. With respect to this metric, lower the value, the better.CSX expects capital expenditures to be approximately $2 billion in 2022.CSX Corporation Price, Consensus and EPS Surprise CSX Corporation price-consensus-eps-surprise-chart | CSX Corporation QuoteSegmental PerformanceMerchandise revenues climbed 4% year over year to $1,937 million in the quarter under review. However, merchandise volumes dipped 3% from the year-ago period, primarily due to 23% drop in automotive volumes as a result of semiconductor shortage.Coal revenues ascended 39% year over year to $523 million in the reported quarter. Coal volumes decreased 2% with decline in domestic coal volumes due to lower shipments of utility coal resulting from an outage at a major coal-producing location.Intermodal revenues augmented 16% year over year to $551 million. Volumes were flat year over year. While domestic shipments fell due to supply constraints, international shipments rose owing to strong demand, inventory replenishments and growth in rail volumes from east-coast ports.Effective third-quarter 2021, CSX introduced a new segment — Trucking — which comprises the operations of Quality Carriers. Revenues from the segment totaled $210 million in the fourth quarter.Other revenues jumped 87% to $206 million in the reported quarter.Liquidity & Share BuybackCSX, carrying a Zacks Rank #2 (Buy), exited the fourth quarter with cash and cash equivalents of $2,239 million compared with $3,129 million at the end of December 2020. Long-term debt totaled $16,185 million compared with $16,304 million at 2020-end. As of Dec 31, 2021, net cash provided by operating activities was $5,099 million compared with $4,263 million in the year-earlier period.As of Dec 31, 2021, CSX repurchased 90 million shares for $2,886 million.Sectorial SnapshotWithin the broader Transportation sector, J.B. Hunt Transport Services JBHT, United Airlines UAL and Delta Air Lines DAL recently reported fourth-quarter 2021 results.J.B. Hunt Transport Services, carrying a Zacks Rank #1 (Strong Buy), reported fourth-quarter 2021 earnings of $2.28 per share, surpassing the Zacks Consensus Estimate of $1.99. The bottom line surged 58.3% year over year on the back of higher revenues across all segments. You can see the complete list of today’s Zacks #1 Rank stocks here.J.B. Hunt’s operating revenues of $3,497 million also outperformed the Zacks Consensus Estimate of $3,287.8 million. The top line jumped 27.7% year over year. Total operating revenues, excluding fuel surcharges, rose 21.7% year over year.United Airlines, carrying a Zacks Rank #4 (Sell), incurred a loss (excluding 39 cents from non-recurring items) of $1.60 per share in the fourth quarter of 2021, narrower than the Zacks Consensus Estimate of a loss of $2.23. The amount of loss narrowed by 77.1% year over year.United Airlines’ operating revenues of $8,192 million also outperformed the Zacks Consensus Estimate of $7,930.9 million. The top line surged more than 100% year over year, with passenger revenues, accounting for 84% of the top line, soaring 185.4% to $6,878 million.Delta, carrying a Zacks Rank #5 (Strong Sell), reported fourth-quarter 2021 earnings (excluding 86 cents from non-recurring items) of 22 cents per share, outpacing the Zacks Consensus Estimate of 15 cents. Results came against the year-ago quarter’s loss of $2.53 per share. Strong holiday travel demand and favorable pricing aided the December quarter’s results.Delta’s revenues came in at $9,470 million, which not only beat the Zacks Consensus Estimate of $9,232.1 million, but also soared in excess of 100% from the year-ago figure as people resorted to air travel during the holidays. 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 CSX Corporation (CSX): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report United Airlines Holdings Inc (UAL): Free Stock Analysis Report J.B. Hunt Transport Services, Inc. (JBHT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: ZACKSJan 21st, 2022Related News

Best Momentum Stocks to Buy for January 21st

FCX, ARCB, and JBHT made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on January 21, 2022 Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, January 21st:FreeportMcMoRan FCX: This company that engages in mineral exploration and development has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.7% over the last 60 days.FreeportMcMoRan Inc. Price and Consensus  FreeportMcMoRan Inc. price-consensus-chart | FreeportMcMoRan Inc. QuoteFreeportMcMoRan’s shares gained 12.4% over the last three month compared with the S&P 500’s decline of 0.8%. The company possesses a Momentum Score of A.FreeportMcMoRan Inc. Price  FreeportMcMoRan Inc. price | FreeportMcMoRan Inc. QuoteArcBest ARCB: This company that provides freight transportation services and solutions has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 1% over the last 60 days.ArcBest Corporation Price and Consensus  ArcBest Corporation price-consensus-chart | ArcBest Corporation QuoteArcBest’s shares gained 0.7% over the last three month compared with the S&P 500’s decline of 0.8%. The company possesses a Momentum Score of B.ArcBest Corporation Price  ArcBest Corporation price | ArcBest Corporation QuoteJ.B. Hunt Transport Services JBHT: This provider of a broad range of transportation services has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.7% over the last 60 days.J.B. Hunt Transport Services, Inc. Price and Consensus  J.B. Hunt Transport Services, Inc. price-consensus-chart | J.B. Hunt Transport Services, Inc. QuoteJ.B. Hunt Transport Services’ shares gained 3.3% over the last three month compared with the S&P 500’s decline of 0.8%. The company possesses a Momentum Score of A.J.B. Hunt Transport Services, Inc. Price  J.B. Hunt Transport Services, Inc. price | J.B. Hunt Transport Services, Inc. QuoteSee the full list of top ranked stocks hereLearn more about the Momentum score and how it is calculated here. 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 FreeportMcMoRan Inc. (FCX): Free Stock Analysis Report J.B. Hunt Transport Services, Inc. (JBHT): Free Stock Analysis Report ArcBest Corporation (ARCB): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: ZACKSJan 21st, 2022Related News

Freeport (FCX) to Report Q4 Earnings: What"s in the Offing?

Freeport (FCX) is likely to have benefited from higher realized prices and lower costs in the fourth quarter. Freeport-McMoRan Inc. FCX is set to release fourth-quarter 2021 results before the opening bell on Jan 26.The mining giant’s earnings beat the Zacks Consensus Estimate in two of the last four quarters, while missed once and were in-line on the other occasion. It has a trailing four-quarter earnings surprise of roughly 4.3%, on average. Freeport’s fourth-quarter results are likely to reflect the benefits of higher copper prices and cost-management actions. The stock has rallied 43.9% in the past year compared with the industry’s 19.9% rise. Image Source: Zacks Investment Research Zacks ModelOur proven model predicts an earnings beat for Freeport this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earning beat.Earnings ESP: Earnings ESP for Freeport is +2.86%. The Zacks Consensus Estimate for the fourth quarter is currently pegged at 96 cents. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.Zacks Rank: Freeport currently carries a Zacks Rank #1.What do the Estimates Indicate?For the fourth quarter, Freeport expects sales volumes to be 1,025 million pounds of copper, 375,000 ounces of gold and 22 million pounds of molybdenum.The Zacks Consensus Estimate for Freeport’s fourth-quarter consolidated revenues is currently pegged at $6,589 million, which suggests a year-over-year rise of 46.6%.The Zacks Consensus Estimate for fourth-quarter consolidated net cash costs per pound of copper is currently pegged at $1.23, which calls for 3.9% fall on a year-over-year basis. The same for average realized price for copper stands at $4.31 per pound, reflecting a 26.8% rise year over year.The consensus mark for consolidated copper sales for the fourth quarter is pegged at 1,026 million pounds, which suggests a year-over-year rise of 18.5%.A Few Factors to WatchFreeport is likely to have gained from higher year-over-year copper prices in the fourth quarter. Copper had a stellar run in 2021, thanks to a strong rebound in demand from the pandemic-led downturn and supply constraints. The widely-used industrial metal witnessed a roughly 25% surge in 2021. The rally has been backed by a rebound in industrial demand globally, optimism regarding economic growth, supply chain disruptions associated with the pandemic, and higher demand from top consumer China. Supply from top copper producers Chile and Peru had been under pressure due to the impact of the coronavirus pandemic.Higher year-over-year average realized prices are expected to have boosted Freeport’s margins in the fourth quarter. The company is also likely to have benefited from its continued focus on maintaining a low-cost position.The ramp-up of underground mining at PT Freeport Indonesia and efforts to increase operating rates at Cerro Verde and El Abra mines are also likely to have driven the company’s copper sales volumes in the quarter to be reported. FreeportMcMoRan Inc. Price and EPS Surprise  FreeportMcMoRan Inc. price-eps-surprise | FreeportMcMoRan Inc. Quote Stocks That Warrant a LookHere are some companies in the basic materials space you may want to consider as our model shows these have the right combination of elements to post an earnings beat this quarter:Olin Corporation OLN, scheduled to release earnings on Jan 27, has an Earnings ESP of +1.95% and carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for Olin's fourth-quarter earnings has been revised 4.1% upward over the past 60 days. The consensus estimate for OLN’s earnings for the quarter is currently pegged at $2.53.CF Industries Holdings, Inc. CF, expected to release earnings on Feb 16, has an Earnings ESP of +18.9% and sports a Zacks Rank #3.The consensus estimate for CF Industries' fourth-quarter earnings has been revised 31.5% upward over the past 60 days. The Zacks Consensus Estimate for CF’s earnings for the quarter stands at $3.05.Celanese Corporation CE, scheduled to release earnings on Jan 27, has an Earnings ESP of +2.98% and carries a Zacks Rank #3.The Zacks Consensus Estimate for Celanese's fourth-quarter earnings has been revised 0.6% upward over the past 60 days. The consensus estimate for CE’s earnings for the quarter is currently pegged at $5.05. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. 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 FreeportMcMoRan Inc. (FCX): Free Stock Analysis Report CF Industries Holdings, Inc. (CF): Free Stock Analysis Report Celanese Corporation (CE): Free Stock Analysis Report Olin Corporation (OLN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: ZACKSJan 21st, 2022Related News

Conn"s (CONN) Looks Well-Placed, Highlights Growth Targets

Conn's (CONN) is likely to offer details related to the company's improved strategic growth plan as well as its operating and financial targets on its Investor Day. Conn's, Inc. CONN unveiled that management will offer details related to the company’s improved strategic growth plan as well as its operating and financial targets on its Investor Day. The specialty retailer of consumer electronics, furniture and mattresses, home office products and home appliances and the provider of consumer credit appears to be in great shape.Conn’s is well-placed for delivering growth and creating value for stockholders by solidifying its core business, improving the credit business and speeding up e-commerce growth. The company’s exclusive business model is targeted at enhancing customers’ experiences. On that note, let’s take a closer look at the three-year financial and operating goals, which the company will highlight on its Investor Day.Image Source: Zacks Investment ResearchConn’s’ 3-Year TargetsThe company aims at increasing total revenues to nearly $2-$2.2 billion, reflecting an estimated CAGR of 9-12%. Further, CONN intends to boost its e-commerce revenues and take it from nearly 6% of the total retail revenues (in the third quarter of fiscal 2022) to about 20%. Conn’s plans to generate high single-digit EBIT margin. Moving on, it aims to continue with geographic expansion. Finally, it intends to maintain a stable credit business and produce a credit spread of at least 1,000 basis points.The company is positioned well for growth, returning value to shareholders. Conn’s commitment to shareholders can be underscored by its recently unveiled share buyback authorization. In December 2021, management approved share buybacks worth $150 million, which will expire on Dec 14, 2022. This reflects the company’s healthy balance sheet as well as confidence in its growth prospects.Talking of the balance sheet, the company ended the third quarter of fiscal 2022 with cash and cash equivalents of $10.6 million. As of Oct 31, 2021, Conn’s had $320.5 million worth of immediate borrowing capacity under its revolving credit facility of $650 million. In the third quarter, net earnings per share (EPS) more than doubled to 60 cents. During the quarter, total revenues surged 21.3% to $405.5 million. E-commerce sales soared a whopping 294.8% to $19.2 million.The abovementioned targets highlight Conn’s solid future potential.  Shares of this Zacks Rank #3 (Hold) company have rallied 63.4% in the past year against the industry’s decline of 10.8%.3 Retail Stocks to Bet onHere are three better-ranked stocks – Albertsons Companies ACI, Dollar Tree DLTR and Costco COST.Albertsons Companies, a leading food and drug retailer in the United States, sports a Zacks Rank #1 (Strong Buy). The company has an expected EPS growth rate of 8% for three to five years. You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for Albertsons Companies’ current financial-year sales suggests growth of 1.5% from the year-ago period. ACI has a trailing four-quarter earnings surprise of 31.8%, on average.Dollar Tree, the operator of discount variety retail stores, holds a Zacks Rank #2 (Buy). Dollar Tree has a trailing four-quarter earnings surprise of 8.8%, on average. The company has an expected EPS growth rate of 12.2% for three to five years.The Zacks Consensus Estimate for DLTR’s current financial-year sales suggests growth of 3.4% from the year-ago period.Costco, which operates membership warehouses, carries a Zacks Rank #2. The company has a trailing four-quarter earnings surprise of 8.3%, on average.The Zacks Consensus Estimate for Costco’s current financial-year sales and EPS suggests growth of 10.9% and 14%, respectively, from the year-ago period. COST has an expected EPS growth rate of 8.8% for three to five years. 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 Dollar Tree, Inc. (DLTR): Free Stock Analysis Report Albertsons Companies, Inc. (ACI): Free Stock Analysis Report Costco Wholesale Corporation (COST): Free Stock Analysis Report Conn's, Inc. (CONN): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: ZACKSJan 21st, 2022Related News

Is Schwab International Index (SWISX) a Strong Mutual Fund Pick Right Now?

Mutual Fund Report for SWISX Have you been searching for a Mutual Fund Equity Report fund? You might want to begin with Schwab International Index (SWISX). SWISX has no Zacks Mutual Fund Rank, but we have been able to look into other metrics like performance, volatility, and cost.History of Fund/ManagerSchwab Funds is based in San Francisco, CA, and is the manager of SWISX. The Schwab International Index made its debut in May of 1997 and SWISX has managed to accumulate roughly $8.07 billion in assets, as of the most recently available information. The fund's current manager is a team of investment professionals.PerformanceOf course, investors look for strong performance in funds. This fund has delivered a 5-year annualized total return of 9.76%, and it sits in the middle third among its category peers. But if you are looking for a shorter time frame, it is also worth looking at its 3-year annualized total return of 13.62%, which places it in the middle third during this time-frame.When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. Compared to the category average of 17.94%, the standard deviation of SWISX over the past three years is 17.35%. The standard deviation of the fund over the past 5 years is 15.05% compared to the category average of 15.33%. This makes the fund less volatile than its peers over the past half-decade.Risk FactorsThe fund has a 5-year beta of 0.86, so investors should note that it is hypothetically less volatile than the market at large. Alpha is an additional metric to take into consideration, since it represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which in this case, is the S&P 500. Over the past 5 years, the fund has a negative alpha of -5.16. This means that managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.ExpensesCosts are increasingly important for mutual fund investing, and particularly as competition heats up in this market. And all things being equal, a lower cost product will outperform its otherwise identical counterpart, so taking a closer look at these metrics is key for investors. In terms of fees, SWISX is a no load fund. It has an expense ratio of 0.06% compared to the category average of 0.78%. So, SWISX is actually cheaper than its peers from a cost perspective.Investors need to be aware that with this product, the minimum initial investment is $0; each subsequent investment has no minimum amount.Bottom LineDon't stop here for your research on Mutual Fund Equity Report funds. We also have plenty more on our site in order to help you find the best possible fund for your portfolio. Make sure to check out www.zacks.com/funds/mutual-funds for more information about the world of funds, and feel free to compare SWISX to its peers as well for additional information. Want to learn even more? We have a full suite of tools on stocks that you can use to find the best choices for your portfolio too, no matter what kind of investor you are. 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 Get Your Free (SWISX): Fund Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: ZACKSJan 21st, 2022Related News

Is PIMCO Allocation Asset A (PASAX) a Strong Mutual Fund Pick Right Now?

Mutual Fund Report for PASAX If you've been stuck searching for Mutual Fund Equity Report funds, consider PIMCO Allocation Asset A (PASAX) as a possibility. PASAX carries a Zacks Mutual Fund Rank of 1 (Strong Buy), which is based on nine forecasting factors like size, cost, and past performance.History of Fund/ManagerPIMCO Funds is based in Newport Beach, CA, and is the manager of PASAX. PIMCO Allocation Asset A made its debut in July of 2002, and since then, PASAX has accumulated about $930.47 million in assets, per the most up-to-date date available. The fund is currently managed by Robert Arnott who has been in charge of the fund since April of 2003.PerformanceOf course, investors look for strong performance in funds. This fund has delivered a 5-year annualized total return of 8.29%, and it sits in the middle third among its category peers. But if you are looking for a shorter time frame, it is also worth looking at its 3-year annualized total return of 11.56%, which places it in the middle third during this time-frame.When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. PASAX's standard deviation over the past three years is 11.34% compared to the category average of 14.45%. Looking at the past 5 years, the fund's standard deviation is 9.39% compared to the category average of 12.26%. This makes the fund less volatile than its peers over the past half-decade.Risk FactorsInvestors should note that the fund has a 5-year beta of 0.5, which means it is hypothetically less volatile than the market at large. Because alpha represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which is the S&P 500 in this case, one should pay attention to this metric as well. With a negative alpha of -1.13, managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.ExpensesCosts are increasingly important for mutual fund investing, and particularly as competition heats up in this market. And all things being equal, a lower cost product will outperform its otherwise identical counterpart, so taking a closer look at these metrics is key for investors. In terms of fees, PASAX is a load fund. It has an expense ratio of 0.57% compared to the category average of 0.89%. Looking at the fund from a cost perspective, PASAX is actually cheaper than its peers.This fund requires a minimum initial investment of $1,000, and each subsequent investment should be at least $50.Bottom LineOverall, PIMCO Allocation Asset A ( PASAX ) has a high Zacks Mutual Fund rank, and in conjunction with its comparatively similar performance, average downside risk, and lower fees, this fund looks like a good potential choice for investors right now.Your research on the Mutual Fund Equity Report segment doesn't have to stop here. You can check out all the great mutual fund tools we have to offer by going to www.zacks.com/funds/mutual-funds to see the additional features we offer as well for additional information. If you are more of a stock investor, make sure to also check out our Zacks Rank, and our full suite of tools we have available for novice and professional investors alike. 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 Get Your Free (PASAX): Fund Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: ZACKSJan 21st, 2022Related News

Is Fidelity Mid-Cap Stock Fund (FMCSX) a Strong Mutual Fund Pick Right Now?

Mutual Fund Report for FMCSX If you've been stuck searching for Mutual Fund Equity Report funds, consider Fidelity Mid-Cap Stock Fund (FMCSX) as a possibility. FMCSX bears a Zacks Mutual Fund Rank of 1 (Strong Buy), which is based on nine forecasting factors like size, cost, and past performance.History of Fund/ManagerFidelity is based in Boston, MA, and is the manager of FMCSX. Since Fidelity Mid-Cap Stock Fund made its debut in March of 1994, FMCSX has garnered more than $6.44 billion in assets. John Roth is the fund's current manager and has held that role since February of 2011.PerformanceInvestors naturally seek funds with strong performance. FMCSX has a 5-year annualized total return of 14.8% and is in the top third among its category peers. If you're interested in shorter time frames, do not dismiss looking at the fund's 3-year annualized total return of 21.56%, which places it in the top third during this time-frame.When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. Compared to the category average of 18.59%, the standard deviation of FMCSX over the past three years is 20.81%. Looking at the past 5 years, the fund's standard deviation is 17.52% compared to the category average of 15.46%. This makes the fund more volatile than its peers over the past half-decade.Risk FactorsInvestors should not forget about beta, an important way to measure a mutual fund's risk compared to the market as a whole. FMCSX has a 5-year beta of 1.04, which means it is likely to be more volatile than the market average. Another factor to consider is alpha, as it reflects a portfolio's performance on a risk-adjusted basis relative to a benchmark-in this case, the S&P 500. FMCSX's 5-year performance has produced a negative alpha of -3.45, which means managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.ExpensesAs competition heats up in the mutual fund market, costs become increasingly important. Compared to its otherwise identical counterpart, a low-cost product will be an outperformer, all other things being equal. Thus, taking a closer look at cost-related metrics is vital for investors. In terms of fees, FMCSX is a no load fund. It has an expense ratio of 0.76% compared to the category average of 1%. Looking at the fund from a cost perspective, FMCSX is actually cheaper than its peers.Investors need to be aware that with this product, the minimum initial investment is $0; each subsequent investment has no minimum amount.Bottom LineOverall, Fidelity Mid-Cap Stock Fund ( FMCSX ) has a high Zacks Mutual Fund rank, and in conjunction with its comparatively strong performance, average downside risk, and lower fees, Fidelity Mid-Cap Stock Fund ( FMCSX ) looks like a good potential choice for investors right now.Want even more information about FMCSX? Then go over to Zacks.com and check out our mutual fund comparison tool, and all of the other great features that we have to help you with your mutual fund analysis for additional information. Zacks provides a full suite of tools to help you analyze your portfolio - both funds and stocks - in the most efficient way possible. 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 Get Your Free (FMCSX): Fund Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: ZACKSJan 21st, 2022Related News

Is Vanguard Target Retirement 2015 Fund (VTXVX) a Strong Mutual Fund Pick Right Now?

Mutual Fund Report for VTXVX Investors in search of a Mutual Fund Equity Report fund might want to consider looking at Vanguard Target Retirement 2015 Fund (VTXVX). While this fund is not tracked by the Zacks Mutual Fund Rank, we were able to examine other factors like performance, volatility, and cost.History of Fund/ManagerVanguard Group is based in Malvern, PA, and is the manager of VTXVX. Vanguard Target Retirement 2015 Fund debuted in October of 2003. Since then, VTXVX has accumulated assets of about $12.65 billion, according to the most recently available information. The fund is currently managed by William Coleman who has been in charge of the fund since February of 2013.PerformanceInvestors naturally seek funds with strong performance. This fund in particular has delivered a 5-year annualized total return of 7.71%, and it sits in the top third among its category peers. Investors who prefer analyzing shorter time frames should look at its 3-year annualized total return of 10.24%, which places it in the top third during this time-frame.When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. Over the past three years, VTXVX's standard deviation comes in at 6.8%, compared to the category average of 8.43%. Over the past 5 years, the standard deviation of the fund is 5.99% compared to the category average of 7.04%. This makes the fund less volatile than its peers over the past half-decade.Risk FactorsInvestors should not forget about beta, an important way to measure a mutual fund's risk compared to the market as a whole. VTXVX has a 5-year beta of 0.37, which means it is likely to be less volatile than the market average. Alpha is an additional metric to take into consideration, since it represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which in this case, is the S&P 500. Over the past 5 years, the fund has a positive alpha of 0.28. This means that managers in this portfolio are skilled in picking securities that generate better-than-benchmark returns.ExpensesCosts are increasingly important for mutual fund investing, and particularly as competition heats up in this market. And all things being equal, a lower cost product will outperform its otherwise identical counterpart, so taking a closer look at these metrics is key for investors. In terms of fees, VTXVX is a no load fund. It has an expense ratio of 0.12% compared to the category average of 0.49%. From a cost perspective, VTXVX is actually cheaper than its peers.This fund requires a minimum initial investment of $1,000, and each subsequent investment should be at least $1.Bottom LineFor additional information on the Mutual Fund Equity Report area of the mutual fund world, make sure to check out www.zacks.com/funds/mutual-funds. There, you can see more about the ranking process, and dive even deeper into VTXVX too for additional information. If you are more of a stock investor, make sure to also check out our Zacks Rank, and our full suite of tools we have available for novice and professional investors alike. 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 Get Your Free (VTXVX): Fund Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: ZACKSJan 21st, 2022Related News

Xcel Energy (XEL) to Report Q4 Earnings: What"s in Offing?

Xcel Energy Inc.'s (XEL) fourth-quarter results are likely to have benefited from new electric and natural gas rates, marginally offset by an increase in operating expenses. Xcel Energy Inc. XEL is scheduled to release fourth-quarter 2021 earnings on Jan 27 before the market opens. The company delivered a negative earnings surprise of 5.04% in the last reported quarter.Let’s see how things have shaped up before the upcoming earnings announcement.Factors to NoteAn expanding customer base and approval for a hike in North Dakota electric rates and interim natural gas rate hikes are likely to boost revenues in the fourth quarter.Fourth-quarter results are likely to have been impacted by an increase in operating expenses.ExpectationThe Zacks Consensus Estimate for fourth-quarter earnings is pegged at 56 cents per share, indicating a 3.70% rise from the year-ago reported figure.The Zacks Consensus Estimate for fourth-quarter sales is pegged at $3.14 billion, suggesting growth of 6.43% from the year-ago reported figure.What the Quantitative Model PredictsOur proven model predictsan earnings beat for Xcel Energy Inc. this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is the case here as you will see below.Xcel Energy Inc. Price and EPS Surprise Xcel Energy Inc. price-eps-surprise | Xcel Energy Inc. QuoteEarnings ESP: Xcel Energy Inc. has an Earnings ESP of +0.45%.You can uncover the best stocks to buy or sell, before they’re reported, with our Earnings ESP Filter.Zacks Rank: Currently, XEL carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.Other Stocks to ConsiderInvestors can also consider the following players from the same industry who have the right combination of elements to beat earnings in the upcoming releases.Brookfield Renewable Partners LP BEP is likely to come up withan earnings beat when it reports fourth-quarter results on Feb 4 before the market opens. Brookfield Renewable Partners LP has an Earnings ESP of +984.62% and a Zacks Rank of #3 at present.The Zacks Consensus Estimate for BEP’s 2022 earnings per share (EPS) has gained 114.74% year over year.Dominion Energy Inc. D is likely to come up withanearnings beat when it reports fourth-quarter results on Feb 11 before the market opens. Dominion Energy Inc. has an Earnings ESP of +1.44% and a Zacks Rank of #3 at present. The Zacks Consensus Estimate for Dominion Energy Inc.’s 2022 EPS has gained 6.79% year over year.The Southern Company SO is likely to come up withan earnings beat when it reports fourth-quarter results on Feb 17 before the market opens. The Southern Company has an Earnings ESP of +4.35% and a Zacks Rank of #3 at present. The Zacks Consensus Estimate for SO’s 2022 EPS has gained 4.68% year over year.Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. 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 Xcel Energy Inc. (XEL): Free Stock Analysis Report Southern Company The (SO): Free Stock Analysis Report Dominion Energy Inc. (D): Free Stock Analysis Report Brookfield Renewable Partners L.P. (BEP): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

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Want to Escape Debt Traps? Buy These 5 Low-Leverage Stocks

Want to Escape Debt Traps? Buy These 5 Low-Leverage Stocks.....»»

Category: topSource: ZACKSJan 21st, 2022Related News

Bear Of The Day: Appian (AAPN)

This stock has seen a big decline following an earnings miss in early November. Appian (APPN) is a Zacks Rank #5 (Strong Sell) following an earnings miss back in November.  The stock was trading just over $100 before the print, but it has tumbled down to the $55 level.  Let’s take a deeper look at this stock in this Bear of the Day article.DescriptionAppian Corporation provides low-code software development platform which enables organizations to develop various applications primarily in the United States and internationally. The Company's products include business process management software, case management, mobile application development and platform as a service. It serves financial services, healthcare, government, telecommunications, media, energy, manufacturing and transportation organizations. Appian Corporation is headquartered in Reston, Virginia..Earnings HistoryWhen I look at a stock, the first thing I do is look to see if the company is beating the number.  This tells me right away where the market’s expectations have been for the company and how management has communicated to the market.  A stock that consistently beats has management communicating expectations to Wall Street that can be achieved.  That is what you want to see.In the case of APPN, I see one miss followed by three straight beats of the  Zacks Consensus Estimate over the last year.  This alone does not make the stock a Zacks Rank #1 (Strong Buy) and it doesn’t make it a Zacks Rank #5 (Strong Sell) either.The Zacks Rank does care about the earnings history, but it is much more heavily influenced by the movement of earnings estimates.Earnings EstimatesThe Zacks Rank tells us which stocks are seeing earnings estimates move higher or in this case lower.  For GDS I see estimates moving lower.This quarter has fallen from -$0.21 to -$0.23.Next quarter dropped from -$0.17  to -$0.19.The Zacks Rank is more heavily influenced by the move in the annual numbers, and the movement is mixed for those numbers.The current year 2021 consensus number has dropped 2 cents to  a loss of $0.75.The next year has dropped from a loss of $0.76 to a loss of $0.84 over the last 60 days.Negative movement in earnings estimates like that is why this stock is a Zacks Rank #5 (Strong Sell).It should be noted that a majority of stocks in the Zacks universe are seeing positive earnings estimate revisions.  That means that the stocks that are seeing small but negative earnings estimate revisions are falling to a Zacks Rank #5 (Strong Sell).ChartAppian Corporation Price and Consensus Appian Corporation price-consensus-chart | Appian Corporation Quote 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 Appian Corporation (APPN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: ZACKSJan 21st, 2022Related News

Bull Of The Day: Photronics (PLAB)

Could there be a buyout ahead for this stock that has seen solid growth and rising margins? Photronics (PLAB) is a Zacks Rank #1 (Strong Buy) that sports a B for Value and an A for Growth.  I never make an investment decision based soley on the belief that an acquisition is in the works, but it sure looks like that could be the case for this stock. Let’s explore more about that idea in this Bull Of The Day article.DescriptionPhotronics is a leading worldwide manufacturer of photomasks. Photomasks are high precision quartz plates that contain microscopic images of electronic circuits. A key element in the manufacture of semiconductors and flat panel displays, photomasks are used to transfer circuit patterns onto semiconductor wafers and flat panel substrates during the fabrication of integrated circuits, a variety of flat panel displays and, to a lesser extent, other types of electrical and optical components. They are produced in accordance with product designs provided by customers at strategically located manufacturing facilities in Asia, Europe, and North America.Possible DealWith a market cap just over $1B, PLAB is potential buyout target for many names in semiconductor space.  Its growth and margin expansion would make an acquisition accretive to most buyers. The signal that tipped me off to the idea was the stock chart.  Here is a chip name that has seen strength in throughout December while the rest of the market saw aggressive selling.  When a stock bucks a big selling trend – for an extended period of time – it tells us that there are still buyers for that name.  It could also signal that selling is limited and the end result is the same. Photronics, Inc. Price Photronics, Inc. price | Photronics, Inc. Quote If you look at the chart for Activision Blizzard (ATVI), which was recently acquired by Microsoft (MSFT), you will notice that this stock was also rather strong throughout the month of December.  Activision Blizzard, Inc Price Activision Blizzard, Inc price | Activision Blizzard, Inc Quote Just as a reminder, it is never a good idea to make an investment based on a potential acquisition.  That said, let’s look at the other criteria for making a possible investment in PLAB.Earnings HistoryWhen I look at a stock, the first thing I do is look to see if the company is beating the number.  This tells me right away where the market’s expectations have been for the company and how management has communicated to the market.  A stock that consistently beats has management communicating expectations to Wall Street that can be achieved.  That is what you want to see.For PLAB, I see a decent history of beating the Zacks Consensus Estimate.  There are two beats over the last four quarters.  The two quarters that were not beats were meets.The average positive earnings surprise over the last fours quarters works out to be 12.5%. Earnings Estimates RevisionsThe Zacks Rank tells us which stocks are seeing earnings estimates move higher.  For CMC, I see annual estimates moving higher.Over the last 60 days, I see a few increases.This quarter has increased from $0.22 to $0.31.Next quarter has also seen a large increase from $0.24 to $0.34.The full fiscal year 2022 has moved from $1.03 to $1.30.Next fiscal year has just seen an initial estimate of $1.50.Positive movement in earnings estimates like that is why this stock is a Zacks Rank #1 (Strong Buy).ValuationThe forward earnings multiple for PLAB checks in at 14x, which is extremely low given topline growth last quarter came in at 21%. The price to book mulitple is 1.1x, and that level will keep value investors interested. The price to sales multiple checks in at 1.6x.Margins have moved higher for this stock over the last three quarters and that coupled with topline growth is fueling higher earnings estimates.  I see operating margins moving from 5.8% to 6.1% and then to 7.8% over the last three quarters. Photronics, Inc. Price and Consensus Photronics, Inc. price-consensus-chart | Photronics, Inc. Quote 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 Photronics, Inc. (PLAB): Free Stock Analysis Report Microsoft Corporation (MSFT): Free Stock Analysis Report Activision Blizzard, Inc (ATVI): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: ZACKSJan 21st, 2022Related News

Nikel ETN (JJN) Hits New 52-Week High

The nickel ETF hit a 52-week high lately. Can it soar further? Investors seeking momentum may have iPath Series B Bloomberg Nickel Subindex Total Return ETN JJN on radar now. The fund recently hit a new 52-week high. Shares of JJN are up approximately 53% from their 52-week low of $20.71/share.But could there be more gains ahead for this ETF? Let’s take a look at the fund and the near-term outlook to get a better idea of where it might be headed.iPath Series B Bloomberg Nickel Subindex Total Return ETN (JJN)The Bloomberg Nickel Subindex Total Return reflects the returns that are potentially available through an unleveraged investment in the futures contracts on nickel. The expense ratio of JJN is 0.45%.Why The Move?Low inventories boosted prices for nickel to their highest since 2011. Future demand is expected to soar due to higher electric vehicle battery consumption.More Gains Ahead?The ETN JJN has a positive weighted alpha of 41.32. So, there is a decent outlook ahead for those who want to ride this surging ETF a shade further.  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 7 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 iPath Series B Bloomberg Nickel Subindex Total Return ETN (JJN): ETF Research Reports To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: ZACKSJan 21st, 2022Related News

Should Investors Bet on Oil Hitting $100 a Barrel Soon?

The New Year has started on a highly bullish note for oil, which is trading around seven-year highs. Consequently, the top gainer of the S&P 500 this year is an energy-related name - Schlumberger (SLB). A year and half after the pandemic-driven epic oil price crash, optimism is back in the sector as prices have soared above $85-a-barrel, with talks of a potential spike of more than $100 from the top energy traders and forecasters like JP Morgan, Goldman Sachs GS, OANDA, Rystad Energy. The bullish outlook is a far cry from the depths of minus $38 a barrel in April 2020.According to Goldman Sachs, oil prices could reach the magic figure around the third quarter though the investment bank’s official target for 2022 is $96 a barrel. Jeff Currie — Goldman Sachs’ head of commodities research — believes that the oil market is “fundamentally tight” with a high probability of upside going into the first half of next year.    While it’s typically a case of an ever-improving demand picture against constrained supply, let’s discuss the important dynamics driving the oil markets.Could We See $100 Oil Again?Following the historic plunge of 2020, the oil market has made a remarkable recovery, and a tight commodity market is clearly evident.Apart from a favorable demand/supply dynamic, high vaccination rates in most parts of the developed world and the calibrated production cuts by the OPEC+ cartel, the commodity’s upward momentum is being supported by recent geopolitical headlines that could impact production. For example, the Russia-Ukraine tensions and the attack by Yemen's Houthi group on OPEC-member UAE gave a boost to oil by threatening supply disruptions.Further, even though oil prices have rebounded strongly from the coronavirus-induced depths, most producers will likely continue with their disciplined approach to capital allocation in 2022. With not much chance of a significant upstream capex increase this year, investment in long-term projects appears to be dwindling.For example, U.S. biggie Chevron CVX has pegged its capital and exploratory budget for 2022 at $15 billion — at the low end of its previous estimation of $15-$17 billion. This year’s budget is also down around 29% from Zacks Rank #3 (Hold) CVX’s 2019 pre-pandemic expenditure of $21 billion.You can see the complete list of today’s Zacks #1 Rank stocks here.According to Chevron's Chairman and CEO Michael K. Wirth, the company is following a capital deployment strategy that is aligned with its plans to move ahead in tune with the global economic recovery. CVX’s policy of spending restraint and cost efficiency aligns with its goal to improve returns and lower carbon footprint.This capital shortage, coupled with the slow pick-up in U.S. shale production, point to an impending supply shortfall against demand, especially with most individuals resuming activities post vaccination and pent-up consumption starting to take effect.It also seems that fears of a slowdown in oil demand recovery from the Omicron variant are starting to subside, with the strain likely to be short-lived and less deadly than expected. At the same time, the available vaccines might be effective in neutralizing it, while the broad-based reluctance to reapply harsh lockdown measures averted a major hit to consumption.Many oil traders believe it to be the perfect recipe to see a price spike north of $100 a barrel for the first time since 2014.The Cost of Triple-Digit CrudeThere is no doubt that the energy space has been tightening rapidly this year but revisiting triple-digit prices might not be the best news for the economy and the oil industry. As fuel rallies, there could be demand destruction, especially from the emerging economies that are not only sensitive to commodity prices and currency fluctuations but also are yet to fully recover from the COVID-19 pandemic. Also, $100 oil will not be sustainable for nations that depend heavily on imports as well as finished crude products. What Lies Ahead?Though we do not see the price of a barrel of crude reaching $100 anytime soon, there is a strong argument building for a bull run in the coming months. Demand is set to surpass the pre-pandemic threshold of 100 million barrels per day once again this year, while supply from the OPEC+ coalition looks likely to remain restricted in the foreseeable future, considering the group’s lack of spare capacity. Moreover, 2020’s unprecedented price collapse has prompted operators to trim their exploration budgets by billions of dollars, translating into a relatively dry pipeline of new projects.With all the tailwinds, the Zacks Oil/Energy sector has continued to move higher in 2022 after comfortably topping the S&P 500 leaderboard last year. While 2021 marked the best annual performance since 2009, with the space gaining 55%, crude has already risen more than 15% this year. Although still in its early days, the New Year has started on a highly bullish note for the commodity, which is trading at around seven-year highs.Consequently, the top gainer of the S&P 500 this year is an energy-related name — Schlumberger SLB. The oilfield services behemoth, which is scheduled to report fourth-quarter results today, is the best-performing stock with a year-to-date gain of 23.7%.Should oil hit $100, the likes of SLB could be even bigger winners in the coming months. Elevated crude realization generally leads to wider margins for companies like Schlumberger that make it possible for upstream players to drill for oil. 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 The Goldman Sachs Group, Inc. (GS): Free Stock Analysis Report Chevron Corporation (CVX): Free Stock Analysis Report Schlumberger Limited (SLB): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: ZACKSJan 21st, 2022Related News

Improved Product Deliveries to Aid Boeing (BA) in Q4 Earnings

Boeing's (BA) Q4 results are expected to reflect the benefits of improved commercial and defense deliveries as well as solid aftermarket services. The Boeing Company BA is set to release fourth-quarter 2021 results on Jan 26, before the opening bell.In the last reported quarter, the company delivered a negative earnings surprise of 252.94%. Solid commercial as well as defense deliveries, along with strong aftermarket commercial jet services volume must have boosted Boeing’s performance in the fourth quarter.Solid Product Deliveries to Aid ResultsBoeing’s fourth-quarter deliveries reflected a solid 67.8% surge in commercial shipments from the year-ago reported figure. Defense shipments also improved 38.2% year over year.For manufacturing companies like Boeing, successful deliveries of finished products play a crucial role in boosting revenue growth. Therefore, such a significant improvement witnessed in the jet maker’s deliveries for both its commercial and defense segments is expected to bolster Boeing’s overall fourth-quarter results.We expect the aforementioned delivery figures for Boeing’s commercial and defense segments to have contributed favorably to the operational performance of the respective business units. This in turn must have boosted fourth-quarter earnings and revenues for both these units in the soon-to-be-reported quarter as well.The Boeing Company Price and EPS Surprise The Boeing Company price-eps-surprise | The Boeing Company QuoteExpectations for BGSAs far as Boeing Global Services (BGS) unit’s performance in the fourth quarter is concerned, we remain optimistic.  Notably, consistent commercial aerospace market recovery observed in recent times is expected to have prevailed in the soon-to-be-reported quarter as well. Consequently, increased airline flight operations are expected to have boosted aftermarket commercial jet services in the fourth quarter of 2021. This, in turn, must have bolstered the BGS unit’s revenues in the yet-to-be-reported quarter.Lower severance costs along with a favorable mix of products and services are expected to have boosted the operating margin of the BGS unit. This, in turn, must have favorably contributed to its bottom-line performance in the fourth quarter.The Zacks Consensus Estimate for the BGS unit’s revenues, pegged at $4,151 million, indicates an improvement of 11.2% from fourth-quarter 2020 reported revenues.The consensus mark for this segment’s earnings is pegged at $574 million, which indicates a massive improvement from $143 million generated by this unit in fourth-quarter 2020.Cash Flow ProjectionsImproved air travel statistics in recent times, which resulted in higher commercial deliveries, along with higher order receipts must have contributed favorably to Boeing’s cash flow reserve in the fourth quarter of 2021. Also reduced expenditures on lower wide-body production rates as well as benefits from Boeing’s business transformation efforts are likely to have boosted its operating cash flow in the soon-to-be-reported quarter.Q4 ExpectationsWith the majority of its segments expected to contribute favorably toward the aerospace giant’s fourth-quarter results, we remain optimistic about its revenue and earnings figure.The Zacks Consensus Estimate for Boeing’s total revenues is pegged at $17.63 billion, suggesting a 15.2% improvement from the prior-year reported number. The consensus estimate for the bottom line is pegged at a loss of 14 cents per share, indicating an improvement from the year-ago quarter’s loss of $15.25.What the Zacks Model UnveilsOur proven model predicts an earnings beat for Boeing this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat.Boeing has an Earnings ESP of +61.40% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.Other Stocks to ConsiderHere are a few defense companies you may also want to consider, as these have the right combination of elements to post an earnings beat this season:Aerojet Rocketdyne AJRD has an Earnings ESP of +2.00% and a Zacks Rank #2. AJRD has a four-quarter average negative earnings surprise of 2.17%.The Zacks Consensus Estimate for Aerojet’s fourth-quarter earnings is pegged at 50 cents per share, implying an improvement of 16.3% from the prior-year quarter’s reported figure. Its fourth-quarter revenue estimate, pegged at $578.5 million, suggests an improvement of 3.9% from the last year’s reported figure.Triumph Group TGI has an Earnings ESP of +1.01% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.TGI delivered a four-quarter average earnings surprise of 101.89%. The Zacks Consensus Estimate for Triumph Group’s fourth-quarter earnings, pegged at 20 cents, has deteriorated 9.1% over the past 30 days. TGI boasts a long-term earnings growth rate of 2.6%.Textron TXT has an Earnings ESP of +1.02% and a Zacks Rank #3. TXT delivered a four-quarter average earnings surprise of 27.89%.The Zacks Consensus Estimate for Textron’s fourth-quarter earnings, pegged at 97 cents, has moved up 1% over the past 30 days. TXT boasts a long-term earnings growth rate of 28.3%.Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.  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 The Boeing Company (BA): Free Stock Analysis Report Textron Inc. (TXT): Free Stock Analysis Report Triumph Group, Inc. (TGI): Free Stock Analysis Report Aerojet Rocketdyne Holdings, Inc. (AJRD): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: ZACKSJan 21st, 2022Related News

Best Growth Stocks to Buy for January 21st

PFE, M, and ARCB made it to the Zacks Rank #1 (Strong Buy) growth stocks list on January 21, 2022 Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, January 21st:Pfizer PFE: This company that manufactures, markets, distributes, and sells biopharmaceutical products carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.7% over the last 60 days.Pfizer Inc. Price and Consensus  Pfizer Inc. price-consensus-chart | Pfizer Inc. QuotePfizer has a PEG ratio of 0.75 compared with 1.72 for the industry. The company possesses a Growth Score of B.Pfizer Inc. PEG Ratio (TTM)  Pfizer Inc. peg-ratio-ttm | Pfizer Inc. QuoteMacy's M: This omnichannel retail organization carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.3% over the last 60 days.Macy's, Inc. Price and Consensus  Macy's, Inc. price-consensus-chart | Macy's, Inc. QuoteMacy's has a PEG ratio of 0.41 compared with 0.54 for the industry. The company possesses a Growth Score of B.Macy's, Inc. PEG Ratio (TTM)  Macy's, Inc. peg-ratio-ttm | Macy's, Inc. QuoteArcBest ARCB: This company that provides freight transportation services and solutions carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1% over the last 60 days.ArcBest Corporation Price and Consensus  ArcBest Corporation price-consensus-chart | ArcBest Corporation QuoteArcBest has a PEG ratio of 0.21 compared with 0.76 for the industry. The company possesses a Growth Score of A.ArcBest Corporation PEG Ratio (TTM)  ArcBest Corporation peg-ratio-ttm | ArcBest Corporation QuoteSee the full list of top ranked stocks here.Learn more about the Growth score and how it is calculated here. 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 Pfizer Inc. (PFE): Free Stock Analysis Report Macy's, Inc. (M): Free Stock Analysis Report ArcBest Corporation (ARCB): Free Stock Analysis Report To read this article on Zacks.com click here......»»

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Zacks Value Trader Highlights: AbbVie, The Andersons and Ingredion

Zacks Value Trader Highlights: AbbVie, The Andersons and Ingredion.....»»

Category: topSource: ZACKSJan 21st, 2022Related News

Synovus (SNV) Q4 Earnings & Revenue Beat, Stock Down 3.8%

Higher net interest income, lower expenses and reversal of provisions support Synovus Financial's (SNV) Q4 results. Yet, lower net interest margin and weak capital position are significant drags. Synovus Financial SNV reported fourth-quarter 2021 adjusted earnings of $1.35 per share, which beat the Zacks Consensus Estimate of $1.1. Also, the bottom line compares favorably with the earnings of $1.08 per share recorded in the year-ago quarter. Despite better-than-expected results, shares of SNV were down 3.8% on the announcement of earnings.Results were driven by rising net interest and fee income, lower expenses, as well as reversal of provisions. Solid loan and deposit balances stoked organic growth. However, shrinking net interest margin and deteriorating capital position were the undermining factors.Net income available to common shareholders came in at $192.1 million or $1.31 per share compared with $142.1 million or 96 cents per share recorded in the prior-year quarter.In 2021, adjusted earnings per share of $4.95 surpassed the consensus estimate of $4.70 and were significantly up. Also, net income of $727.3 million increased substantially.Revenues Rise, Expenses Down, Loans and Deposits UpTotal revenues in the fourth quarter came in at $509.4 million, up 1.7% from the prior-year quarter. Also, the top line outpaced the Zacks Consensus Estimate of $495.5 million.In 2021, total revenues decreased 1.9% to $1.98 billion. Nonetheless, the top line beat the consensus estimate of $1.97 billion.Net interest income improved 2% year over year to $392.3 million. However, net interest margin shrunk 16 basis points (bps) to 2.96%.Non-interest income increased 2% on a year-over-year basis to $117.1 million. Rise in all components except mortgage banking income and investment securities gains led to this upside.Non-interest expenses were $295.2 million, down 2% year on year. This downside mainly resulted from all components other than a rise in salaries and personnel expenses, and third-party processing and other services.Adjusted tangible efficiency ratio came in at 55.64% compared with 54.43% reported in the year-earlier quarter. A rise in this ratio indicates a decrease in profitability.Total deposits came in at $49.43 billion, up 4% sequentially. Moreover, total loans showed a 3% improvement sequentially, coming in at $39.31 billion.Strong Credit QualitySynovus’ credit metrics witnessed robust performance during the December-end quarter.Non-performing loans fell 13% year over year to $131 million. Net charge-offs decreased 52.6% to $10.5 million. The annualized net charge-off ratio was 0.11% compared with the year-ago quarter’s 0.23%.Further, reversal of provision for credit losses of $55.2 million was recorded in the fourth quarter against provision expenses of $11.1 million in the prior-year quarter.Total non-performing assets amounted to $158.2 million, underlining 18% year-over-year fall. Non-performing asset ratio came in at 0.4%, shrinking 10 bps from the prior-year quarter.Weak Capital Position, Profitability Ratios StrongTier 1 capital ratio and total risk-based capital ratio were 10.65% and 12.60%, respectively, down from 10.95% and 13.42% as of Dec 31, 2020.Moreover, as of Dec 31, 2021, Common Equity Tier 1 ratio (fully phased-in) was 9.49%, declining from 9.66% witnessed in the year-ago quarter. Nonetheless, Tier 1 leverage ratio was 8.72%, improving from 8.50% recorded in the year-earlier period.Return on average assets was 1.40%, up from the prior-year quarter’s 1.11%. Return on average common equity was 16.11%, up from the prior-year quarter’s 12.31%.Our TakeSynovus has grown organically with increased revenues and reversal of provision. Improving credit quality will bode well for the company. Though there has been a reduction in net interest margin, lower expenses will alleviate bottom-line pressure.Synovus Financial Corp. Price, Consensus and EPS Surprise Synovus Financial Corp. price-consensus-eps-surprise-chart | Synovus Financial Corp. QuoteCurrently, Synovus carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Performance of Other BanksZions Bancorporation ZION is scheduled to release fourth-quarter and full-year 2021 results on Jan 24.Over the past 30 days, the Zacks Consensus Estimate for Zions Bancorporation’s quarterly earnings has remained unchanged at $1.33. This implies a 19.9% decrease from the prior-year quarter.Prosperity Bancshares PB is scheduled to release fourth-quarter and full-year 2021 results on Jan 26.Over the past 30 days, the Zacks Consensus Estimate for Prosperity Bancshares’ quarterly earnings has remained unchanged at $1.37. This suggests a 7.4% decrease from the prior-year quarter.East West Bancorp, Inc. EWBC is slated to report fourth-quarter and full-year 2021 results on Jan 27.Over the past 30 days, the Zacks Consensus Estimate for East West Bancorp’s quarterly earnings has remained unchanged at $1.55. This indicates a 34.8% increase from the prior-year quarter. 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 Synovus Financial Corp. (SNV): Free Stock Analysis Report Zions Bancorporation, N.A. (ZION): Free Stock Analysis Report Prosperity Bancshares, Inc. (PB): Free Stock Analysis Report East West Bancorp, Inc. (EWBC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: ZACKSJan 21st, 2022Related News

4 Stocks & ETFs to Make the Most of Metaverse Boom

The Metaverse is a shared virtual 3D worlds that are interactive and collaborative. Analysts expect a huge market opportunity for the metaverse. These ETFs and stocks are great bets for cash in on the trend. The Metaverse is a shared virtual 3D world, or worlds, that are interactive and collaborative. It is facilitated by the use of virtual and augmented reality. The concept became extremely popular in 2021 particularly since Facebook rebranded itself as Meta Platforms (FB).With more and more companies from various industries joining the Meta bandwagon, it is clear that Metaverse will dictate the next generation of internet sooner or later. It offers a significant investment opportunity in the coming years.Bloomberg Intelligence expects the market opportunity for the metaverse to reach $800 billion by 2024 from $500 billion in 2020, based on its analysis and Newzoo, IDC, PWC, Statista and Two Circles data. The primary market for online game makers and gaming hardware may top $400 billion in 2024 while the remaining business will come from live entertainment and social media. Gaming, AR, VR create $413 billion primary market of Metaverse, per Bloomberg.Against this backdrop, below we highlight a few stocks and ETFs those are gearing up to capitalize on the metaverse boom. These stocks are all not pure-play tech stocks. So, investors who fear rising rate worries being a drag on the tech investing right now, may like those other industry plays.Stocks in FocusMeta Platforms Inc. FBZacks Rank #3 (Hold) Meta Platforms or Facebook is the top mot long-term bet. Facebook will now invest $50 million over a two-year period on metaverse initiatives through its recently introduced XR Programs and Research Fund.NIKE NKEZacks Rank #3 Nike is acquiring a virtual sneaker and collectibles start-up, RTFKT. RTKFT boasts one-of-a-kind virtual products and experiences created by leveraging the latest in-game engines, non-fungible tokens, or NFTs, blockchain authentication and augmented reality. The move is part of the company’s digital transformation plan. The buyout is expected to expand NIKE’s base in the metaverse, with additional digital capabilities.Walmart WMTRetail giant Walmart has also plans to enter the field of highly immersive virtual reality/augmented reality (VR/AR) and Blockchain-based world. Zacks Rank #3 Walmart appears to be venturing into the metaverse with plans to create its own cryptocurrency and collection of NFTs, per a CNBC article.Apple AAPLThough Zacks Rank #2 (Buy) Apple is not quite into Metaverse, investors can bet on Apple’s augmented-reality ambitions. The iPhone-maker’s rumored headset is the most anticipated product in 2022.ETFs in Focus Roundhill Ball Metaverse ETF METAThe underlying Ball Metaverse Index seeks to track the performance of globally-listed equity securities of companies that engage in activities or provide products, services, technologies, or technological capabilities to enable the Metaverse, and benefit from its generated revenues. META charges 75 bps in fees.Amplify Transformational Data Sharing ETF BLOKSince blockchain is the basic technology of Metaverse, BLOK is sure to gain. The Amplify Transformational Data Sharing ETF is an actively managed ETF that seeks to provide total return by investing at least 80% of its net assets in the equity securities of companies actively involved in the development and utilization of transformational data sharing technologies. The ETF BLOK charges 71 bps in fees.Global X Data Center REITs & Digital Infrastructure ETF VPNMetaverse’s reliance on data centres makes the ETF VPN a lucrative bet. The boom in Metaverse will eventually upgrade the digital infrastructure incredibly. The underlying Solactive Data Center REITs & Digital Infrastructure Index seeks to provide exposure to companies that have business operations in the fields of data centers, cellular towers and digital infrastructure hardware. VPN charges 50 bps in fees.Wedbush ETFMG Video Game Tech ETF GAMROnline game makers including Roblox, Microsoft, Activision Blizzard, Electronic Arts, Take-Two, Tencent, NetEase and Nexon may increase engagement and sales by cashing in on the growth of 3D virtual worlds, per Bloomberg.Global X Video Games & Esports ETF looks to invest in companies that develop or publish video games, facilitate the streaming and distribution of video gaming or esports content, own and operate within competitive esports leagues or produce hardware used in video games and esports, including augmented and virtual reality. GAMR charges 75 bps in fees. 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 7 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 Apple Inc. (AAPL): Free Stock Analysis Report NIKE, Inc. (NKE): Free Stock Analysis Report Walmart Inc. (WMT): Free Stock Analysis Report Meta Platforms, Inc. (FB): Free Stock Analysis Report Wedbush ETFMG Video Game Tech ETF (GAMR): ETF Research Reports Amplify Transformational Data Sharing ETF (BLOK): ETF Research Reports Global X Data Center REITs & Digital Infrastructure ETF (VPN): ETF Research Reports Roundhill Ball Metaverse ETF (META): ETF Research Reports To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: ZACKSJan 21st, 2022Related News

General Dynamics" (GD) Arm Wins Support Deal for Antennas

General Dynamics' (GD) business unit wins a contract involving services in support of the Tactical Network-On the Move systems and equipment. General Dynamics Corporation’s GD business unit, Missions Systems, recently clinched a contract for providing services to support the Tactical Network-On the Move systems and equipment. The contract has been awarded by the U.S. Army Contracting Command, Aberdeen Proving Ground, MD.Valued at $74.9 million, the contract is expected to conclude by Jan 22, 2023.Significance of On-the-Move AntennasGeneral Dynamics’ SATCOM (satellite communication) On-the-Move antennas provide reliable, high data rate satellite communications while on the move, thereby enabling secure, beyond-line-of-sight communications for vehicles in motion.Designed for rugged tactical environments, these antennas can be mounted on wheeled and tracked vehicles, high-speed boats, aircraft and Unmanned Aerial Vehicles. These antennas provide reliable X, Ku or Ka Mil and commercial band satellite communications whenever and wherever needed.General Dynamics’ Growth Prospects in Military AntennasNations are increasing their defense spending in a bid to modernize their defense structures and include technologically advanced arsenals and equipment. In this context, efficient On-the-Move antennas form an integral part of any defense vehicle whether it be ground vehicles, maritime vessels or aircraft.Amid rising terrorism and tensions worldwide, the hunt for an effective communication system that can enable secure and reliable on-the-move communications during any challenging military mission has propelled demand for a technologically advanced antenna.Consequently, in lieu of such strong demand, defense majors like General Dynamics have been making antennas that could ensure better surveillance and augment the tracking abilities of the military during their mission. The company’s excellence in manufacturing secured and technologically advanced On-the-Move antennas may have increased its prospects of winning multiple contracts. The latest contract win is a testament to that.Per the report from Markets and Markets, the military antenna market is projected to witness a CAGR of 5.9% through 2022. Such strong growth prospects exhibit ample opportunities for companies like GD.Peer ProspectsConsidering strong growth prospects in military antennas, defense primes who are likely to benefit are Lockheed Martin LMT, Raytheon Technologies RTX and Textron TXT.Lockheed Martin’s Wide Angle ESA Fed Reflector antenna is a hybrid of a phased array Electronically Steerable Antenna (ESA) and a parabolic dish. It increases the coverage area by 190% compared with traditional phased array antennas at a much lower cost. It optimizes and securely connects warfighting platforms to enable joint all-domain command and control.The long-term earnings growth rate for Lockheed Martin stands at 3.6%. Shares of LMT have rallied 10.5% in the past year.Raytheon Technologies’ MAGR2K enhances GPS acquisition and performance and provides all-in-view GPS satellite tracking and GPS integrity. The open architecture and modular design allow easy upgrades.Raytheon’s long-term earnings growth rate is pegged at 13.2%. RTX’s shares have appreciated 29.8% in the past year.Textron’s One System Remote Video Terminal delivers full-motion videos, images and critical geospatial data from a variety of sources directly to the warfighter’s fingertips.The long-term earnings growth rate for Textron stands at 28.3%. Shares of TXT have returned 49% to its investors in the past year.Price MovementIn the past year, shares of General Dynamics have rallied 38.4% against the industry’s decline of 27.4%.Image Source: Zacks Investment ResearchZacks RankGeneral Dynamics currently carries a Zacks #4 (Sell).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. 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 Lockheed Martin Corporation (LMT): Free Stock Analysis Report General Dynamics Corporation (GD): Free Stock Analysis Report Textron Inc. (TXT): Free Stock Analysis Report Raytheon Technologies Corporation (RTX): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: ZACKSJan 21st, 2022Related News