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Mastercard (MA), Softcell Tie Up to Boost Cybersecurity in India

Mastercard (MA) collaborates with Softcell, which will distribute MA's RiskRecon to its customers across India and empower them to counter cybersecurity threats. Mastercard Incorporated MA recently joined forces with the Mumbai-based IT service provider and systems integrator company Softcell Technologies Global Pvt. Ltd. to expand the distribution of one of its cybersecurity offerings across Softcell customers throughout India.The cybersecurity product mentioned above refers to the third-party cyber risk management platform of Mastercard — RiskRecon. The platform enables organizations to detect and counter those cybersecurity threats that take place across supply chains and third-party vendors. RiskRecon comes with a self-scan tool that utilizes non-invasive techniques to examine the cybersecurity risk posture of the public systems of an organization.Following the latest partnership, the customer base of Softcell across diversified industries will be able to avail the exclusive scanning and evaluation technologies of RiskRecon and set up a solid digital safety framework. This, in turn, is likely to empower the customers to protect their businesses from the continuous incidence of cyber threats by extending uninterrupted real-time information for proactive management of cyber risks and protecting critical intellectual property, consumer and payment data.Initiatives similar to the latest one reflect Mastercard’s sincere efforts to enhance security in the digital ecosystem and create safe cyberspace. This seems to be the need of the hour, considering the increasing digitization of operations by most businesses to keep pace with the ongoing digital trend. While digitization has been a blessing in disguise for organizations to continue their businesses despite several COVID-19-induced volatilities, the trend to go digital encouraged fraudsters to devise sophisticated methods and technologies to indulge in cybercrimes. This is an alarming concern as cyberattacks compromise payments received by organizations and the confidential data of consumers. This, in turn, might lead to the incurrence of exorbitant costs.Therefore, companies similar to Mastercard providing a comprehensive portfolio of fraud detection solutions with high accuracy for varied industries will be best positioned to capitalize on the increasing incidence of cybersecurity threats. Softcell seems to be the apt partner for distributing Mastercard’s cybersecurity product to its customers in India. Softcell has a solid track record of pursuing a consulting-based approach in aiding businesses to upgrade infrastructure security. Certified professionals across key domains numbering more than 200 also aid Softcell.In addition to boosting presence in India, the recent effort to extend RiskRecon within the country seems to be time opportune as well. India was among one of the top three nations in Asia impacted by the most cyberattacks last year, per a global analysis report of International Business Machines Corporation IBM (published in The Economic Times). The country remains prone to cyberattacks from all across the globe due to its obsolete systems and processes, disjointed and incompetent cybersecurity infrastructure, and inadequate knowledge of cybersecurity.Mastercard remains committed to upgrading its cybersecurity suite on the back of continuous partnerships and significant investments. In April 2022, MA teamed up with the rapidly growing operational resilience company Interos to empower financial institutions with the latter’s credible risk-monitoring capabilities for quickly addressing third-party risks in their businesses. Mastercard even has a program to safeguard its network and platforms from cyber and information security threats.Shares of Mastercard have lost 11.9% in the past six months compared with the industry’s decline of 18.7%.Image Source: Zacks Investment ResearchMA currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Similar to Mastercard, other companies like Visa Inc. V and American Express Company AXP are continuously rolling out a diverse range of fraud detection solutions to protect merchants and consumers engaging in digital means amid the growing incidence of cybercrimes.Visa launched the Advanced Identity Score in 2020 with the intent to minimize digital identity frauds and reduce operational costs associated with identity-related forgeries. V actively pursues technology investments to reduce the impact of fraud and safeguard consumer and merchant-oriented information. The CyberSource solution by Visa comprises a diversified portfolio of payment and fraud management tools.American Express has been making every effort to advance its digital arm to assist its merchants and Card Members globally. AXP has its proprietary automated accounts payable (AP) solution American Express One AP, which aims to address the robust demand for AP solutions that secure payment processes via digitization. American Express has collaborated with a few online fraud-prevention companies like Accertify, Microsoft and Riskified to stop card-not-present (CNP) fraud and ensure safer shopping for its worldwide merchants and Card Members.Shares of Visa and American Express have lost 8.2% and 14.9%, respectively, in the past six months. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Mastercard Incorporated (MA): Free Stock Analysis Report Visa Inc. (V): Free Stock Analysis Report International Business Machines Corporation (IBM): Free Stock Analysis Report American Express Company (AXP): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJun 29th, 2022

Jacobs (J) to Compete for $80M DOD Contract, Fortifies Backlog

Jacobs (J) will boost its backlog with an $80 million government contract. Jacobs Engineering Group Inc.’s J Government Services unit will compete with AECOM-HDR JV Design Team JV, NJ — a subsidiary of AECOM ACM — and other two for a certain firm-fixed-price contract from the U.S. Army Corps of Engineers, New York.The scope of work is to provide general architect-engineering services. Each order is estimated at $80 million and is expected to be completed by November 2027.Solid Project Execution to Drive GrowthJacobs is witnessing a rising demand for infrastructure, water, environment, space, broadband, cybersecurity and life sciences consulting services. Efficient project execution has been a primary factor driving Jacobs’ performance over the last few quarters. The company’s solid backlog level is a testimony to this fact.At the end of the fiscal fourth quarter, J reported a backlog of $27.9 billion, up 5% year over year. This reflects the persistent and solid demand for Jacobs' consulting services. Of this backlog, Critical Mission Solutions (CMS), accounted for $10.56 billion, slightly down from a year ago figure. Despite a slight decrease in backlog, the segment is benefiting from well-funded government programs and cyber, U.S. Department of Defense (DoD), mission-IT, space, nuclear and 5G-related projects.People & Places Solutions (P&PS) backlog at fiscal third quarter-end was $17 billion, up from $15.74 billion a year ago. The P&PS segment’s overall sales pipeline has increased as both life sciences and electronics customers have moved forward with previously paused projects.Image Source: Zacks Investment ResearchJ’s shares have outperformed the Zacks Engineering - R and D Services industry in the past three months. For fiscal 2022, net revenues increased 8.2% year over year and adjusted EPS grew 14%. It expects accelerating year-over-year net revenue growth through the fiscal 2023.Jacobs’ Focus 2023 initiative entails more than $200 million in benefits versus fiscal 2020. Jacobs expects that by 2023, its transformative initiative, which will provide Jacobs with the flexibility to materially invest in the business, will drive growth through technology-enabled solutions. Earnings estimates for fiscal 2023 suggest 6.9% year-over-year growth. Zacks Rank & About ACMCurrently, Jacobs carries a Zacks Rank #4 (Sell). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.AECOM, a Zacks Rank #3 (Hold) company, provides professional, technical and management solutions to diverse industries across end markets like transportation, facilities, government and environmental, energy and water businesses.ACM’s expected earnings growth rate for fiscal 2022 is 22.7%.Key PicksSome top-ranked stocks in the Zacks Construction sector are CRH plc CRH and Janus International Group, Inc. JBI, both currently carrying a Zacks Rank #2 (Buy).CRH manufactures cement, concrete products, aggregates, roofing, insulation and other building materials.The company’s expected earnings growth rate for 2022 is 22.1%.Headquartered in Temple, GA, Janus manufactures and supplies turn-key self-storage and commercial and industrial building solutions. Solid backlog levels, an impressive project pipeline, productivity improvements and commercial actions, including pricing, are expected to drive growth. The company is expected to benefit from its one-stop-shop offering with a leading market share position in self-storage doors and related design and installation services.Janus’ earnings for 2022 are expected to rise 21%. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AECOM (ACM): Free Stock Analysis Report CRH PLC (CRH): Free Stock Analysis Report Jacobs Solutions Inc. (J): Free Stock Analysis Report Janus International Group, Inc. (JBI): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: zacksDec 1st, 2022

Futures Rise As Nervous Traders Await Powell Speech

Futures Rise As Nervous Traders Await Powell Speech US futures rose on the last trading day of November as anxious investors awaited a potentially monkey-hammering speech from Federal Reserve Chair Jerome Powell (although as JPM said, most of the downside is already priced in) and assessed a softer stance from China on Covid curbs. S&P 500 futures rose 0.2% by 745a.m. ET while Nasdaq 100 futures rose 0.3%. The underlying indexes have closed lower for three consecutive days amid Covid restrictions and unrest in China. In Europe, shares climbed the most in more than a week as data showed eurozone inflation slowed for the first time in 1-1/2 years. Benchmark Treasury 10-year yields slipped and are down more than 25 basis points in November. In premarket trading, NetApp plunged 14% after the data-management company cut its guidance for earnings and revenue growth, while cybersecurity stocks fell after CrowdStrike’s forecast for fourth-quarter revenue fell short of estimates with analysts noting that macro headwinds have started catching up to the business as clients pull back on tech spending, while deals are taking longer to close amid an economic slowdown. HP Enterprise shares rose after sales beat forecasts on strong demand. Here are some other premarket movers: Cryptocurrency- exposed stocks climb as Bitcoin rose to a two-week high, before a keenly awaited speech by Fed Chair Jerome Powell that is expected to signal a slower pace of interest rate hikes in the US. Marathon Digital +4.8%, Riot Blockchain +5%, Coinbase +2.9% and Silvergate +2.4% Horizon Therapeutics stock rises 33% after the company confirmed it’s in “highly preliminary discussions” with Amgen, Johnson & Johnson and Sanofi about a possible sale. Such a deal would be accretive, analysts said, estimating a takeout price range between ~$110 and $135 a share. X4 Pharmaceuticals shares fall 18%, weakness that Stifel (buy) said is likely “balance-sheet driven” after the company disclosed in a presentation that it has sufficient cash to fund operations into 3Q next year. AST SpaceMobile shares decline 5.8% after offering of $65m of its Class A common stock via B. Riley, with net proceeds to be used for general corporate purposes. Keep an eye on LPL Financial stock as Morgan Stanley downgrades it to equal-weight and removes the broker-dealer from its ‘Financials’ Finest’ list, with private-equity group Blackstone (BX US) added. Watch Fisker stock as it was initiated with an outperform rating at Evercore ISI, with the broker positive on the firm’s “unique” business model. Lucid and Rivian which both gain in US premarket trading, are started at inline. Workday shares jumped 8.5% in US postmarket trading on Tuesday as the finance and human resources cloud software provider narrowed its subscription revenue guidance for the full year, with analysts saying that demand is holding up even against a tough macroeconomic backdrop. US equities have been consolidating over the past 20 days, with the S&P 500 hovering around the 4,000 point-level, as volumes have collapsed heading into the year-end. “The reality is that as we approach year-end, people’s appetite to add new risk will severely diminish,” said James Athey, investment director at Abrdn. “Indeed, with a recession the base case for 2023, investors who have made a quick profit on this recent rally are increasingly liable to want to book profit before liquidity dries up. That probably means we will continue to drift without much force in either direction.” As previewed yesterday, Fed chair Jerome Powell is expected to speak about the state of the economy and the labor market at 1:30pm ET. Investors will pay attention to any clues about future policy, with the Fed Chair widely expected to signal lower rate hikes, but also warn that monetary tightening has further to run. He is widely expected to signal that the next Fed rate hike will step down to 50 basis points, though he will also likely warn that policy tightening has further to run. Those hopes of slower interest rate rises, alongside mounting optimism over China’s reopening, pushed the dollar lower and put the greenback on track for its worst month since 2009. A degree of caution remains among traders before the Fed chair’s remarks, given still-high global inflation and a robust jobs market.  “The market is hesitating a bit,” Societe Generale strategist Kenneth Broux said. “I would be very surprised if it is a dovish speech.” Some may hold the view that “the dollar has peaked and that the Fed Funds rate will peak at 5%, but I fear Powell will tell them it’s too soon,” he said. “Where we think markets need to be cautious and where we would like to see a bit of tempering in optimism is over the pivot,” said Geoffrey Yu, senior strategist at Bank of New York Mellon. “What we are looking for is higher for longer.” In Europe, the Stoxx 600 rose, led by consumer, auto, technology and energy shares. The benchmark is on course for a back-to-back monthly gain for the first time since August 2021. Here are the biggest European movers: Swedish biopharma company BioArctic jumps as much as 13% after its partner Eisai said the treatment for Alzheimer’s disease that they’re developing, lecanemab, isn’t to blame for two deaths involving brain bleeding of patients in a clinical trial. VGP gains as much as 6.6% after KBC Securities reinstated its buy recommendation, highlighting the Belgian real estate developer’s “strong management,” robust demand and good positioning in taking advantage of macro trends. Argenx rises as much as 7.4% after the biotech company agreed to purchase another FDA Priority Review Voucher, a move that KBC (buy) says can “significantly” accelerate regulatory review in the US, reducing times from about 12 months to six. Adyen climbs as much as 3.1% after New Street Research initiated with a buy rating, saying expectations over the payment firm’s margins have now been reset and it’s well positioned to create long-term value versus competitors that slowed investments amid macro uncertainties. Catena falls as much as 7.5% after the Swedish logistics property firm offered 4.5 million shares at SEK362, a 7.4% discount versus Tuesday’s closing price. Rexel falls as much as 6.9% in early Paris trading, the worst performance in the SBF 120 index, after the company was downgraded to underperform by Exane. Telenet slides as much as 5.3% after Oddo BHF downgraded to underperform just over a month after it cut the telecom operator to neutral, saying the company will face significant earnings pressure in 2023, while its fiber joint venture with Fluvius will take years to unlock the value. Pennon falls as much as 8.4% after the UK water company’s 1H results, which Jefferies said imply downside risk to earnings estimates. Sanofi declines as much as 3% after Horizon Therapeutics disclosed that the French company is among potential suitors it’s holding “highly preliminary discussions” with about a possible sale. Amgen and Johnson & Johnson are others. Earlier in the session, Asian equities rose, supported by a rally in Chinese shares amid speculation that unrest in China would pressure authorities to speed up the loosening of Covid restrictions, while traders awaited a speech from Fed Chair Jerome Powell. Meanwhile, China’s economic activity contracted further in November amid a record Covid outbreak, with growth likely to remain weak and the central bank expected to add more stimulus to bolster the recovery. The MSCI Asia Pacific Index erased a drop of as much as 0.5% to rise 0.9% on Wednesday, led by consumer discretionary and technology shares. Benchmarks in South Korea and Taiwan gained while Japanese key gauges capped a fourth day of losses. Chinese equities rose for a second day, buoyed by optimism from the removal of lockdown curbs in some districts of Guangzhou which added to hopes that the nation is laying the ground for an eventual Covid-Zero exit. Economic data released earlier Wednesday showed China’s factory and services activity contracted further in November due to Covid curbs. “I think the direction of reopening is quite clear,” said Vey-Sern Ling, managing director at Union Bancaire Privee. “Government is taking baby steps which is to be expected. It is also doing the right things, such as encouraging vaccination for the elderly.”   Powell’s comments will provide traders with more clues on the Fed’s tightening path going forward. Market watchers recently have been expecting slower interest rate hikes, though hawkish remarks from some officials continue to temper optimism. Asian equities have seen stellar performances in November with multiple benchmarks capping their best months in years. The key MSCI Asian measure has jumped nearly 15%, set for its best month since 1998. Japanese equities dropped, capping a fourth day of losses, as investors monitored the Covid situation in China and awaited Fed Chair Jerome Powell’s speech.  The Topix fell 0.4% to close at 1,985.57, while the Nikkei declined 0.2% to 27,968.99. Keyence Corp. contributed the most to the Topix decline, decreasing 2.2%. Out of 2,165 stocks in the index, 573 rose and 1,496 fell, while 96 were unchanged. “Caution remains as the risk of inflation has not gone away, and with US stock prices having difficulty rising significantly, Japan’s stock prices have recently been moving sideways,” said Tomo Kinoshita, a global market strategist at Invesco Asset Management Australian stocks rose: the S&P/ASX 200 index reversed an earlier loss to close 0.4% higher at 7,284.20 after data showed inflation unexpectedly decelerated in October. The print sent government bond yields lower and suggest the Reserve Bank may be approaching the peak of its policy tightening cycle. Mining and energy shares contributed the most to the benchmark’s rise, with a gauge of materials stocks notching its biggest monthly gain ever as iron ore eyed its own record surge. In New Zealand, the S&P/NZX 50 index rose 1.4% to 11,552.04 In FX, a gauge of the dollar fell for a second day. The Bloomberg Dollar Spot Index is poised to end this month around 4.5% lower, which would be its worst performance since May 2009. Investors continue to bet that China will reopen its economy after authorities on Tuesday adjusted virus restrictions in Zhengzhou, a city that’s home to Apple Inc.’s largest manufacturing site in China. Norway’s krone led gains as oil rose. The onshore yuan advanced 1% versus the dollar as hopes over a relaxation of China’s Covid curbs stoke optimism about the country’s economy. Onshore yuan rallies to 7.0830 vs dollar; offshore currency up 0.8% to 7.0840. In rates, treasuries were slightly richer across the curve with gains led by belly out to long-end, flattening 2s10s and 2s5s spreads with 2-year yields little changed on the day. Treasuries are on pace for their third monthly gain of 2022 and the biggest since March 2020, as inflation moderated and Fed policymakers remained committed to additional rate increases to reinforce the trend. US 10-year yields around 3.72%, richer by 2bp on the day and outperforming bunds and gilts by 3bp and 4.5bp in the sector; after the data and Powell’s speech and Q&A at the Brookings Institution at 1:30pm in Washington, long-end could draw support into the month-end Treasury index rebalancing at 4pm New York time. Expected month-end duration extension is larger than average at 0.13yr for Dec. 1. Dollar issuance slate empty so far; 11 borrowers priced just over $17b Tuesday, led by Amazon multi-tranche offering. Focal points of  month-end session include 3Q GDP revision, JOLTS job openings data and Fed’s Powell speaking on the economic outlook and labor market. In commodities, OPEC and its allies are increasingly expected to hold production levels steady after the group opted to meet online amid an uncertain market outlook. Earlier this week, OPEC+ delegates signaled that Saudi Arabia and its partners would consider new output curbs at its gathering on Sunday, which was scheduled to take place at the cartel’s Vienna headquarters. But with the group’s decision to hold a virtual session, views are changing, and oil analysts and OPEC+ officials widely predict that the alliance will keep output unchanged. In futures, West Texas Intermediate rose for a third day, climbing above $80 a barrel after industry data pointed to a large decline in US crude stockpiles, while traders weighed the outlook for Chinese demand and the forthcoming OPEC+ meeting.  For spot oil prices from around the world, see BOIL.   IN THE NEWS The dilemma facing OPEC+ members is that the potential demand slowdown going into next year -- especially in China --coincides with an “exceptionally tight” crude market, according to Bank of America’s Karen Kostanian. Here’s what other analysts are saying we should expect from this weekend’s meeting. European diplomats trying to reach a deal to curb Russian oil prices are wrestling with an awkward truth: Moscow’s main benchmark crude is already trading below the levels proposed for the cap. Saudi Aramco may reduce the official selling price of its flagship Arab Light crude by $2.10 a barrel on-month to Asia for January, according to the median estimate in a Bloomberg survey. The Caspian Pipeline Consortium, which has already suffered two major stoppages this year, is warning of the potential for more because of a lack of spare parts. China’s ongoing battle with Covid-19, which sparked street protests and conciliatory moves from the government after citizens balked at the latest lockdowns, continues to crimp oil demand in the world’s biggest importer. Chevron Corp. found almost half of employees and contractors in Australia have been bullied in the past five years and a third experienced sexual harassment, according to a survey led by an external consultancy   Binance has acquired Sakura Exchange, entering the Japanese market as a JFSA regulated entity. Looking to the day ahead now, one of the key highlights will be Fed Chair Powell’s speech at the Brookings Institution. Other central bank speakers include the Fed’s Bowman and Cook, the ECB’s Makhlouf and BoE chief economist Pill. The Fed will also be releasing their Beige Book. When it comes to data releases, today will  we will get the November ADP employment change (8:15am), second estimate of 3Q GDP and October wholesale inventories (8:30am), November MNI Chicago PMI (9:45am), October pending home sales and JOLTS job openings (10am). Market Snapshot S&P 500 futures up 0.2% to 3,969.25 STOXX Europe 600 up 0.6% to 439.99 MXAP up 0.9% to 156.52 MXAPJ up 1.5% to 508.23 Nikkei down 0.2% to 27,968.99 Topix down 0.4% to 1,985.57 Hang Seng Index up 2.2% to 18,597.23 Shanghai Composite little changed at 3,151.34 Sensex up 0.3% to 62,898.19 Australia S&P/ASX 200 up 0.4% to 7,284.17 Kospi up 1.6% to 2,472.53 Brent Futures up 2.2% to $84.89/bbl Gold spot up 0.7% to $1,761.34 U.S. Dollar Index down 0.36% to 106.44 German 10Y yield up 0.4% to 1.92% Euro up 0.4% to $1.0371 Top Overnight News from Bloomberg Zhengzhou shuttered hundreds of buildings and apartment blocks hours after lifting broader lockdown measures, as officials strive to make their Covid controls more targeted in line with Beijing’s directives Strong demand for goods and services may be starting to overtake supply constraints -- from the pandemic and the war in Ukraine -- as the driver of US prices, according to new gauges built by Federal Reserve economists Currency traders hoping to enjoy a quiet run up to Christmas may be in for a shock. One-month implied volatility for major currency pairs -- a gauge of expectations for FX moves over that period -- are sitting well above their 10-year average for this time of year Jiang Zemin, the Chinese leader who presided over more than a decade of dramatic economic growth following the bloody 1989 crackdown on pro-democracy protesters in Tiananmen Square, has died. He was 96 A more detailed look at global markets courtesy of Newsquawk APAC stocks eventually traded mostly higher at month-end although gains were capped following the subdued handover from Wall St and after disappointing Chinese PMI data. ASX 200 was positive with the index led by strength in the mining-related sectors and with initial losses pared alongside a slew of data releases including better-than-expected Construction Work and softer monthly Australian CPI. Nikkei 225 slipped beneath the 28,000 level after Industrial Production further deteriorated which prompted the government to cut its relevant assessment. Hang Seng and Shanghai Comp were indecisive as recent optimism from hopes of an easing of COVID controls was clouded by disappointing Chinese PMI data which slipped into a deeper contraction. Top Asian News Fullerton Health Said to Mull Stake Sale at $1.1 Billion Value Hong Kong Dollar Strengthens Past Strong Half of Trading Band Asian Stocks Gain for Second Day on China Reopening Hopes NDTV Founders Resign From Holding Firm Board Amid Adani Takeover Chinese Stocks in Hong Kong Jump, Capping Best Month Since 2003 Binance Re-Enters Japan With Sakura Exchange Purchase GoTo Shares Fall to Record Low as Major Holders’ Lock-Up Expires European equities trade on a firmer footing following mixed leads from Wall St, with eyes set on Fed Chair Powell on month-end, Euro Stoxx 50 +0.5%. Sectors in Europe are mostly positive but to a lesser extent than at the cash open; Autos, Consumer Products and Energy outpace while Real Estate and Telecoms lag. US futures are trading a touch above unchanged following yesterday’s session which was characterised by notable tech selling amid a pick-up in US yields, ES +0.2%. Top European News BoE Chief Economist Pill says inflation expected to decline rapidly in H2 2023, demand is easing as household incomes are squeezed, the labour market remains very tight. Hungary gets initial green light from the European Commission for its EUR 5.8bln recovery plan, according to Bloomberg; recommends withholding separate EUR 7.5bln in fund. Hungary’s Russia-Designed Nuclear Reactors Survive Legal Attack Viceroy Target Home REIT Hits Back at Latest Short Report Houseboats Get Fresh Look in London’s Brutal Real Estate Market Turkish Economy Stumbles, Risks Bigger Downswing Before Election Germany Nov. SA Unemployment Change +17K M/m; Est. +13.5K M/m BOE Chief Economist Assumes UK Inflation Will Fall Next Year FX DXY is under pressure in early European hours after failing to top 107.00 overnight, having printed an APAC peak of 106.90, matching the Tuesday high. Antipodeans lead the charge amid the positive risk move and despite the softer-than-expected Aussie CPI overnight and weak PMIs from China. EUR gains were somewhat stalled after EZ headline CPI printed softer than expectations but the core metrics topped forecasts while Cable has managed to attain a foothold on 1.20. CNH is the EM outperformer on hopes of looser Chinese COVID restrictions. PBoC set USD/CNY mid-point at 7.1769 vs exp. 7.1790 (prev. 7.1989) Japanese FX intervention amounted to 0 between October 28th-November 28th, according to MoF. Fixed Income Core bonds dented as core EZ inflation fails to decline, USTs directionally in-fitting but little changed overall pre-Powell. Bund Dec’22 slipped from 141.24 to 140.70 (vs 140.50 low) on the EZ inflation release, with market pricing between 50bp & 75bp remains on a knife-edge. Gilts are lower by circa 40 ticks on the session in sympathy and were unphased by largely familiar remarks from Chief Economist Pill. Commodities WTI and Brent futures are firmer intraday as the risk tone remains constructive and the Dollar declines. Spot gold grinds higher as DXY softens and the risk tone turns less constructive, with the yellow metal rising north of USD 1,750/oz and towards Monday’s USD 1,763/oz peak. Base metals are firmer across the board on hopes China will ease its Zero-COVID parameters, with 3M LME copper extending on overnight gains to levels north of USD 8,100/t during the European morning. US Private Energy Inventory Data (bbls): Crude -7.9mln (exp. -2.8mln), Gasoline +2.9mln (exp. +1.7mln), Distillate +4.0mln (exp. +1.5mln), Cushing -0.2mln. OPEC+ decision to meet virtually on December 4th signals that there is little likelihood of a change in policy and the virtual meeting puts focus on the pending Russian oil price cap decision on December 5th, according to a source with direct knowledge cited by Reuters. OPEC+ cancelled the 2nd Dec JTC meeting, according to Argus sources. China covid updates Beijing City reports 2,378 new local COVID cases (prev. 2,126) during 15 hours to 3pm on Wednesday. China's Guangzhou will gradually resume normal operations of subway stations and Haizhu trams as of November 30th, according to the Municipal government. Beijing is set to allow some residents to skip mass COVID testing, according to Bloomberg. China is reportedly mulling rolling out a 4th round of COVID vaccines, according to Bloomberg. Geopolitics China and Russian warplanes temporarily entered South Korea's air defence zone, according to Yonhap. Russian Foreign Ministry says Moscow does not intend to discuss the New START treaty with Washington as long as it supplies Ukraine with weapons, via Al Jazeera. US Event Calendar 07:00: Nov. MBA Mortgage Applications -0.8%, prior 2.2% 08:15: Nov. ADP Employment Change, est. 200,000, prior 239,000 08:30: 3Q GDP Annualized QoQ, est. 2.8%, prior 2.6% Personal Consumption, est. 1.6%, prior 1.4% PCE Core QoQ, est. 4.5%, prior 4.5% GDP Price Index, est. 4.1%, prior 4.1% 08:30: Oct. Advance Goods Trade Balance, est. -$90.5b, prior -$92.2b 08:30: Oct. Retail Inventories MoM, est. 0.5%, prior 0.4% Wholesale Inventories MoM, est. 0.5%, prior 0.6% 09:45: Nov. MNI Chicago PMI, est. 47.0, prior 45.2 10:00: Oct. JOLTs Job Openings, est. 10.3m, prior 10.7m 10:00: Oct. Pending Home Sales YoY, est. -35.2%, prior -30.4% Pending Home Sales (MoM), est. -5.7%, prior -10.2% 14:00: U.S. Federal Reserve Releases Beige Book Central Bank speakers 08:50: Fed’s Bowman Discusses the Future of Small Banks 12:35: Fed’s Cook Discusses the Economic and Policy Outlook 13:30: Powell Discusses the Economic Outlook and the Labor Market DB's Jim Reid concludes the overnight wrap Markets bent a little yesterday but didn’t break as US stocks rallied around half a percent off their European closing lows into the NY final bell. The S&P 500 (-0.16%) still ultimately lost ground for a third day running though. Interestingly, that came in spite of several positive developments yesterday, with the latest European inflation data surprising on the downside, just as there were fresh signs pointing towards a potential reopening in China. However, the focus is now turning back to the Fed once again, with investors eagerly awaiting Chair Powell’s speech at the Brookings Institution later on today. That’s an important one since the Fed’s blackout period ahead of the next meeting begins this weekend, so this is the last chance Powell will have to give a steer on policy beforehand. In addition, today will bring the latest data on job openings and the quits rate for October, which have recently been cited by the Fed and others as a key gauge of inflationary pressures from the labour market. With that in mind, it’ll be a big day for Fed watchers, but we shouldn’t forget the ECB as we’ll also get the flash CPI release for the Euro Area at 10am London time. Markets will be paying close attention, but European government bonds were already rallying ahead of that yesterday after the country-specific releases surprised on the downside. For instance, Spanish inflation came in at +6.6% in November using the EU-harmonised measure, which was down from +7.3% in October and also beneath the +7.1% reading expected. Later in the day, we got further signs that inflation might be moving lower, with German inflation down from +11.6% in October to +11.3% in November, whilst Belgian inflation was down from +12.3% in October to +10.6% in November. That trend has continued overnight as well, with Australia’s CPI for October unexpectedly falling to +6.9% (vs. +7.6% expected). Those signs of decelerating inflation led investors to price in a growing chance that the ECB would slow down the pace of their hikes to 50bps in December. Indeed, the hike that overnight index swaps are pricing in for the next meeting came down by -5.2bps on the day to 56.5bps, suggesting that investors were pricing out the chances of another 75bps hike. In turn, European government bonds rallied across the continent, with yields on 10yr bunds (-6.6bps), OATs (-6.9bps) and BTPs (-8.3bps) all falling on the day. When it comes to Fed Chair Powell’s speech today, he’s set to be giving remarks on the “economic outlook, inflation and the labor market”, so it should be relevant for policy. It’s widely expected the Fed will downshift their rate hikes to a 50bp pace in December, but our US economists expect Powell to shift the focus away from a downshift towards the Fed’s broader tightening campaign, and to reiterate the key messages from the November press conference. Ahead of that, we had some fresh signs that the Fed’s tightening cycle was impacting the economy, with the Case-Shiller index of 20-cities’ home prices down by a further -1.24% in September, building on its -1.30% decline in August. Bear in mind as well that all 20 cities in the index posted a monthly decline, so this is a very broad-based move lower. Elsewhere, the Conference Board’s consumer confidence numbers also fell back in November, falling to their lowest level since July at 100.2 (vs. 100.0 expected). Ahead of Powell’s remarks, US Treasuries followed a very different path to their counterparts in Europe, with yields rising at all maturities. The 10yr yield was up +6.3bps on the day to 3.74%, with the move entirely driven by a +6.7bps rise in the real yield. And those moves have only slightly retraced overnight, with the 10yr yield down -2.1bps at 3.72%. With the pickup in real yields, equities were always going to struggle, even if the S&P did recover into the close. The rate-sensitive Nasdaq underperformed, falling -0.59%. Sentiment was similar in Europe, with the STOXX 600 (-0.13%) experiencing its third consecutive decline for the first time since early October. Over in China, there were some important developments on the Covid situation shortly after we went to press yesterday. First, officials said that they would seek to raise vaccination rates among the elderly, which was good news for markets since stronger levels of immunity are seen as increasing the chances of the economy reopening. Second, there was also a comment that local officials should avoid excessive Covid restrictions, which again was seen as taking the direction of travel further in favour of reopening following the weekend protests. Chinese assets performed strongly on the back of these developments, and in US hours the NASDAQ Golden Dragon China index surged by +5.04%, building on its +2.83% gain over the previous session. The prospect of a future reopening in China offered further support to oil prices as well, with Brent crude up +0.61% to $83.70/bbl. That boost has continued into Asian markets this morning, with the CSI 300 (+0.10%), the Shanghai Composite (+0.05%) and the Hang Seng (+0.69%) all seeing further gains. That’s in spite of some downbeat data on the economic situation in China, with the manufacturing PMI falling to its lowest level since April at 48.0 (vs. 49.0 expected). The non-manufacturing PMI also deteriorated to 46.7 (vs. 48.0 expected), and the composite PMI fell to a post-April low as well at 47.1. Markets elsewhere in the region are a bit more mixed however, with the Nikkei shedding -0.35%, whereas the KOSPI (+1.18%) has seen solid gains. Looking ahead, US and European equity futures are pointing to gains at the open, with those on the S&P 500 up +0.18%. Elsewhere yesterday, UK gilts underperformed their European counterparts after comments from the BoE’s Catherine Mann, who’s been one of the more hawkish members on the MPC. Mann said that inflation expectations were becoming “increasingly embedded”, and 10yr gilt yields only fell -2.6bps on the day, a smaller fall than seen for the other big European economies. In the meantime, the latest data on mortgage approvals for October came through, which is the first release entirely after the UK’s mini-budget in late-September. That showed a dip in approvals to 59.0k (vs. 60.0k expected), which is their lowest level since the initial wave of the pandemic. To the day ahead now, and one of the key highlights will be Fed Chair Powell’s speech at the Brookings Institution. Other central bank speakers include the Fed’s Bowman and Cook, the ECB’s Makhlouf and BoE chief economist Pill. The Fed will also be releasing their Beige Book. When it comes to data releases, today will bring the Euro Area flash CPI release and German unemployment for November, whilst in the US there’s the ADP’s report of private payrolls for November, the second estimate of Q3 GDP, the JOLTS job openings for October, pending home sales for October, and the MNI Chicago PMI for November. Tyler Durden Wed, 11/30/2022 - 08:09.....»»

Category: dealsSource: nytNov 30th, 2022

Cyberthieves stole $186,000 from a Republican member of Congress as fraud epidemic plagues political committees

Harshbarger, a freshman Republican congresswoman from Tennessee, recouped the money stolen from her campaign account. But others haven't been so fortunate. Rep. Diana Harshbarger, a Republican who represents Tennessee's 1st Congressional District, is among a growing group of politicians and political actors to experience theft from their federal campaign accounts.Anna Moneymaker/Getty Images Cyberthieves stole more than $186,000 from Rep. Diana Harshbarger's campaign committee, federal records show. The Republican from Tennessee recouped the lost funds. But others haven't been so lucky as a theft epidemic strikes political committees. Republican Rep. Diana Harshbarger of Tennessee is the latest victim in a string of financial crimes against federal-level political committees that's quickly reaching epidemic levels.A cyber thief known only as "Vix" stole more than $186,000 from Harshbarger's campaign account in an "unauthorized fraudulent wire transfer" on July 8, according to records filed with the Federal Election Commission. The Harshbarger campaign told the FEC that the bank in which the stolen funds were deposited "froze the funds and returned all the money in question," meaning the freshman congresswoman didn't lose the money for long — in contrast to other prominent political committees that have together lost millions of dollars in recent years."Our internal controls caught a fraudulent invoice, and steps were taken immediately to rectify the situation, and we recovered the full amount," Zac Rutherford, Harshbarger's congressional chief of staff and senior campaign advisor, said in a statement to Insider. "We reported the crime (or matter) to the FBI and consulted the FEC on how to report this unauthorized expenditure."A report from Rep. Diana Harshbarger's congressional campaign committee to the Federal Election Commission, indicating theft from the committee's account.Federal Election CommissionHarshbarger's campaign did not elaborate on how, precisely, the money was stolen. But a person familiar with the theft described it as a sophisticated effort with the thief ultimately depositing the Harshbarger campaign's money in a Wells Fargo bank account.Robert Sumner, spokesperson for Wells Fargo's government relations and public policy team, declined to comment.In a statement to Insider, the FBI said its "standard practice is to neither confirm nor deny the existence of any investigation, or comment on information we may receive from the public."FEC spokesperson Judith Ingram said her agency "cannot comment on individual candidates or committees." Ingram noted that the FEC provides detailed guidance to political committees about defending against theft and instructions about what to do if money is stolen from a campaign account. The 2020 presidential campaign of now-President Joe Biden is among various political committees to experience theft during the past several years.Mark Makela/Corbis via Getty ImagesEpidemic of political theftDozens of political committees of all kinds and sizes have lost money at the hands of thieves and embezzlers, according to an Insider analysis of federal campaign finance records.Among them: President Joe Biden's 2020 presidential campaign, the Republican National Committee, and a host of corporate, union, and ideological PACs. Even a bank's PAC has been struck.More recently, the American Hospital Association's political action committee and Kanye West's 2020 presidential campaign committee have fallen victim to financial fraudsters.While most of the thefts are relatively small by political campaign standards — in the hundreds or thousands of dollars — others, such as the one that struck Harshbarger's campaign, reach into the five-, six- or seven-figure range.Cybertheft methods such as phishing are preferred methods among perpetrators. But more old-school techniques, such as stealing or falsifying paper checks, is also common.Political committees are enticing targets for cybercriminals, said James E. Lee, chief operating officer of the Identity Theft Resource Center, a nonprofit organization that helps consumers, businesses, and government entities avoid and recover from cybercrime."Campaigns often lack the training, awareness, and tools to fight against the well-organized, highly skilled, and relentless cybercrime groups that specialize in phishing attacks," Lee told Insider. "Campaigns also have two things that financially motivated identity criminals want — cash and the personal information of donors. Nation/state threat actors may also be interested in the donor information, depending on the candidate and office the candidate is seeking."Political committees should take several steps to secure their operations against cyber-threats, Lee said, including:Training staff members, vendors, and key volunteers with access to the campaign's computer systems to "spot phishing and social engineering attacks."Using a third-party cybersecurity service to "ensure the campaign's network, databases, and applications are secure and kept up-to-date."Using multi-factor authentication to access campaign accounts.Requiring campaign vendors to "meet or exceed the same security standards" as the campaign committee itself.Practicing "good data minimization protocols." In other words: "Don't collect information you don't need. Don't keep informational longer than you need it. Secure information you do keep."Harshbarger, who easily won a second term in Congress earlier this month, "would be open" to supporting legislation in the next Congress that "helps boost cybersecurity for everyone affected by financial crimes," Rutherford said.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderNov 29th, 2022

3 School Stocks to Buy Despite Industry Headwinds

Virtual delivery of education and prudent cost-saving initiatives are likely to open up opportunities for PWSC, LOPE and PRDO. Fed's hawkish moves and higher costs are risks for the Zacks Schools industry. The popularity of e-books, online learning in the country, the launch of new technologies and prudent acquisitions for wider global reach have been resulting in the growth of the multifaceted U.S. education industry. However, the companies in the Zacks Schools industry have been facing COVID-related challenges like higher advertising and marketing expenses along with costs pertaining to online education. That said, companies’ prudent cost management, persistent focus on driving profitability and strategic initiatives are expected to lend support to some prominent players in this industry like PowerSchool Holdings, Inc. PWSC, Grand Canyon Education, Inc. LOPE and Perdoceo Education Corporation PRDO. Also, for-profit education companies are forging corporate and community college partnerships to educate their workforce.Industry DescriptionThe Zacks Schools industry comprises for-profit education companies that offer undergraduate, graduate and specialized programs in finance, accounting, analytics, marketing, healthcare, business and technology. They are engaged in offering career-oriented programs in the field of business and management, nursing, computer science, engineering, information systems and technology, project management, cybersecurity as well as criminal justice. The industry players also offer child-care services and career-oriented, post-secondary courses. Some companies within the industry also provide yoga classes and yoga-related retail merchandise-integrated fitness classes, as well as conduct workshops and teacher training programs.3 Trends Shaping the Future of the Schools IndustryRising Demand for Online Education: For-profit education stocks have been reaping benefits from the rise in the virtual delivery of education. As the world struggles to contain the virus spread, many for-profit education companies have undertaken initiatives to reach students who aspire to complete their courses as planned, with the help of various online education platforms. Also, classroom-type-education-providing companies are cashing in on the unprecedented surge in demand for online education.Cost-Saving Efforts, Increasing Use of Technology & Introduction of More Programs: In order to boost profitability, school companies are resorting to aggressive cost cutting through significant layoffs, campus closings and consolidations. Developments like switching to online education programs, increasing use of technology in education, more investments in education, the regular introduction of programs and specializations should boost student outcomes. Tie-ups with different organizations to reduce exposure to Title IV funding, improve academic quality and retain students also bode well. Many for-profit education companies are investing in non-degree programs and designing programs specifically aimed at meeting the educational needs of working adults in targeted professions.Higher Rates & COVID-19 Impact: The Federal Reserve’s hawkish stance, comprising a series of rate increases to combat inflation, is making a slew of debt offerings, including new mortgages, credit cards and some student loans, more expensive. Although federal student loans are doled out at a fixed rate, private loans come with variable rates that have been edging up since the latest Fed rate hikes.The COVID-19 pandemic has caused a disruption in educational services. There are headwinds as inflationary pressures, a tight labor market and ongoing supply-chain issues continue to impact business. The general economic slowdown has reduced the number of jobs available to graduates and resulted in lower salaries being offered in connection with the available employment, affecting the companies’ placements and persistence. The slowdown may compel students to repay their loans, which could increase institutions’ student loan cohort default rates, ultimately bumping up bad debt expenses. Higher default rates may also adversely impact the industry players’ eligibility to participate in some Title IV programs, affecting the companies’ operations and financial condition. Extended restrictions and COVID-related border closures, increased competition, advertising inflation, higher expenses for various programs, and a shortage of skilled labor are concerning. Higher unemployment levels may prove detrimental to for-profit education companies.Zacks Industry Rank Indicates Bright ProspectsThe Zacks Schools industry is a 16-stock group within the broader Zacks Consumer Discretionary sector. The industry currently carries a Zacks Industry Rank #92, which places it at the top 37% of more than 250 Zacks industries.The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates impressive near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1.The industry’s positioning in the top 50% of the Zacks-ranked industries is a result of a positive earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are gradually gaining confidence in this group’s bottom-line growth potential. Since October 2022, the industry’s earnings estimates for 2022 and 2023 have been respectively revised 6.7% and 2.8% upward.Before we present a few stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock-market performance and valuation picture.Industry Outperforms Sector & S&P 500The Zacks Schools industry has outperformed the broader Zacks Consumer Discretionary sector and the Zacks S&P 500 composite over the past year.The stocks in this industry have collectively lost 13.2% compared with the broader sector’s decline of 39.5%. Meanwhile, the S&P 500 has slipped 16.7% in the said period.One-Year Price PerformanceIndustry's Current ValuationThe Zacks Schools industry has outperformed the broader Zacks Consumer Discretionary sector and the Zacks S&P 500 composite over the past year.The stocks in this industry have collectively lost 13.2% compared with the broader sector’s decline of 39.5%. Meanwhile, the S&P 500 has slipped 16.7% in the said period.One-Year Price Performance3 School Stocks to BuyBelow, we have discussed three stocks from the industry that have solid growth potential. The chosen companies currently carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Grand Canyon Education: This Phoenix, AZ-based company is an education services provider to colleges and universities in the United States and has developed key technological solutions, infrastructure and operational processes to deliver superior services in these areas on a large scale. The company has been benefiting from an increase in the Grand Canyon University (GCU) traditional campus enrollments and higher revenue per student. Also, the company has been working with GCU on two main strategies (B2B and the rollout of new and relevant programs) to offset the downturn in online enrollment. On the back of these measures, new student enrollment injected positivity in third-quarter 2022 and management expects it to return to total online enrollment growth in the first half of 2023.Grand Canyon Education currently carries a Zacks Rank #2. The stock has gained 36.7% over the past year. This company’s earnings estimate for 2023 has increased to $6.35 per share from $6.21. The estimated figure is expected to register 8.6% growth from a year ago.Price and Consensus: LOPEPowerSchool Holdings: Based in Folsom, CA, PowerSchool provides cloud-based software to the K-12 education market. PowerSchool is one of the leaders in providing mission-critical solutions to the growing online K-12 schooling market. Growing pipeline and demand for the company’s differentiated unified platform of best-in-class solutions will benefit PowerSchool to generate revenues. PowerSchool’s sales pipeline was up 20% year over year in third-quarter 2022, which includes some notably large deals and provides solid visibility for the near term. Also, cross-/upselling activity continues at a robust pace, with more than 500 transactions in the quarter. Management is witnessing a variety of sales progressions across product types.PowerSchool currently carries a Zacks Rank #2. The stock has lost 12% over the past year, faring better than the industry. The company’s earnings for 2023 are expected to grow 10.7%. The earnings estimate for 2023 has increased to 87 cents per share from 86 cents.Price and Consensus: PWSCPerdoceo Education: Headquartered in Schaumburg, IL, this company offers bachelor's, associate and non-degree programs in information technologies, visual communication and design technologies, business studies as well as culinary arts. The company’s focus on increased investments in technology and student-serving processes as well as the acquisition of California Southern University bodes well. Also, a meaningful improvement in student retention and engagement is expected to drive growth.Perdoceo Education currently carries a Zacks Rank #2. The stock has gained 29% over the past year, outperforming the industry. This company’s earnings estimate for 2023 has increased to $1.42 per share from $1.37.Price and Consensus: PRDO Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report PowerSchool Holdings, Inc. (PWSC): Free Stock Analysis Report Grand Canyon Education, Inc. (LOPE): Free Stock Analysis Report Perdoceo Education Corporation (PRDO): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksNov 16th, 2022

vTech Solution Taps Intrusion To Boost Cybersecurity

Cyber-attack solutions provider Intrusion Inc (NASDAQ: INTZ) collaborated with vTech Solution, a Washington D.C.-based managed IT services firm, to boost its current cybersecurity offering.  read more.....»»

Category: blogSource: benzingaOct 24th, 2022

4 Dividend-Paying Tech Stocks Under $20 to Watch in 2022

Here we present four high-quality dividend-paying tech stocks - SPNS, ABST, HPE and ERIC - that are trading for less than $20 a share with the potential to continue growth in 2022. It’s been a volatility-packed year in the market so far. Year to date, the Dow Jones Industrial Average, Nasdaq Composite and S&P 500 have plunged 17.3%, 31.9% and 23%, respectively.The downturn in stocks has made it difficult for growth investors as valuations of high-flying stocks have crashed significantly in the past year. Investors have recognized the increasing pessimism around the possibility of a recession, rising interest rates, soaring inflation, and log-jammed supply chains, which are dragging companies and the economy down.Nonetheless, each and every dip in the market will be a good opportunity to enter the same and tap gains from several cheap tech stocks trading under $20 like Sapiens International SPNS, Ericsson ERIC, Absolute Software ABST and Hewlett Packard HPE that have become highly attractive at their current valuation. Many of these stocks carry rock-solid dividend growth metrics and have a strong upside left for the rest of 2022, especially those offering hybrid-working tech, cloud services and cybersecurity solutions, which support work from home, online learning and remote health diagnosis.The rapid adoption of cloud computing, the ongoing infusion of AI and machine learning as well as the accelerated deployment of 5G technology, autonomous & electric vehicles, AR/VR and wearables in healthcare, defense, retail and agriculture are major positives.Year To Date PerformanceImage Source: Zacks Investment ResearchOur PicksWith the help of the Zacks Stock Screener, we have selected four technology stocks with a Zacks Rank #2 (Buy) or #3 (Hold), a dividend yield in excess of 2% and a five-year historical dividend growth rate of more than 0.1%. These stocks have a payout ratio of less than 60%, reflecting enough room for future dividend increases. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.These stocks, currently trading for less than $20 a share, have strong fundamentals and are well-poised for growth in 2022. Moreover, the highly oversold market offers some cheap stocks with stellar prospects. While these stocks trade under $20 and can be more volatile than their costlier peers, strong bottom-line projections and positive estimate revisions in recent times point toward momentum in the mid-term.Absolute Software is engaged in the business of providing firmware-persistent endpoint security and management solutions. ABST provides solutions for computer security monitoring and endpoint management industry. Absolute Software’s solutions include data protection, lifecycle management, enterprise mobility management and IT service management as well as data loss prevention.The company has been benefiting from the rising demand for cyber-security solutions, owing to a slew of data breaches, and a demand rise for security and networking products amid the growing hybrid working trend. Continued digital transformation and cloud migration strategies adopted by organizations are the key growth drivers. Synergies from last year’s NetMotion acquisition have enhanced Absolute Software’s product portfolio, helping it gain customers.Currently, Absolute Software Corporation has a market cap of $563.9 million and a Zacks Rank #2. The stock is currently priced at $11.25 per share. The company has a dividend yield of 2.29% and a five-year annualized dividend growth of 0.54%. Also, the company's payout ratio is 101% of earnings at present. Check Absolute Software Corporation’s dividend history here.Hewlett Packard Enterprise is benefiting from strong executions in clearing backlogs and increased customer acceptance. HPE’s efforts to shift focus to higher margin offerings and cost-saving initiatives are aiding its bottom-line results. HPE’s multi-billion-dollar investment plan across expanding networking capabilities will help diversify business from server and hardware storage markets, and boost margins over the long run. Its target of saving at least $800 million annually by fiscal 2022-end through a cost optimization plan is a positive.Currently, HPE has a market cap of $15.89 billion and a Zacks Rank #3. The stock is currently priced at $12.83 per share. HPE has a dividend yield of 3.89% and a five-year annualized dividend growth of 9.37%. Also, the company's payout ratio is 17% of earnings at present. Check Hewlett Packard Enterprise’s dividend history here.Sapiens International is a leading global provider of proven IT solutions that modernize business processes and enable insurance organizations and other leading companies to adapt quickly to change. Serving as consultants and advisors, Sapiens works with companies to analyze their current systems and develop a blueprint for aligning technology with business goals.The company’s portfolio strength and offerings, driven by an expanding partner base, are expected to boost the top line in the near term. Moreover, the company’s expanding footprint in Europe is noteworthy. Sapiens has invested significantly in European markets through acquisitions like Calculo and sum.cumo.Currently, Sapiens International has a market cap of $979.2 million and a Zacks Rank #3. The stock is currently priced at $18.36 per share. The company has a dividend yield of 5.18% and a five-year annualized dividend growth of 24.26%. Also, the company's payout ratio is 123% of earnings at present. Check Sapiens International’s dividend history here.Ericsson is a leading provider of communication networks, telecom services and support solutions. The company is a leader in telecommunications and is now expanding its role into an Information and Communications Technology solutions provider.Ericsson continues to execute its strategy to become a leading mobile infrastructure provider and establish a focused enterprise business. The company is well-positioned to capitalize on the market momentum with its comprehensive 5G product portfolio. Ericsson has made significant investments in R&D. Ericsson is witnessing strong momentum in North America. The acquisition of Vonage underscores Ericsson’s strategy to expand its presence in the wireless enterprise. Ericsson is benefiting from solid 5G momentum worldwide. The company plans to grow its mobile infrastructure business by merging its Digital Services and Managed Services.Currently, Ericsson has a market cap of $20.05 billion and a Zacks Rank #3. The stock is currently priced at $6.23 per share. The company has a dividend yield of 2.47% and a five-year annualized dividend growth of 24.86%. Also, the company's payout ratio is 22% of earnings at present. Check Ericsson’s dividend history here. FREE Report: The Metaverse is Exploding! Don’t You Want to Cash In? Rising gas prices. The war in Ukraine. America's recession. Inflation. It's no wonder why the metaverse is so popular and growing every day. Becoming Spider Man and fighting Darth Vader is infinitely more appealing than spending over $5 per gallon at the pump. And that appeal is why the metaverse can provide such massive gains for investors. But do you know where to look? Do you know which metaverse stocks to buy and which to avoid? In a new FREE report from Zacks' leading stock specialist, we reveal how you could profit from the internet’s next evolution. Even though the popularity of the metaverse is spreading like wildfire, investors like you can still get in on the ground floor and cash in. Don't miss your chance to get your piece of this innovative $30 trillion opportunity - FREE.>>Yes, I want to know the top metaverse stocks for 2022>>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 Ericsson (ERIC): Free Stock Analysis Report Hewlett Packard Enterprise Company (HPE): Free Stock Analysis Report Sapiens International Corporation N.V. (SPNS): Free Stock Analysis Report Absolute Software Corporation (ABST): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksOct 14th, 2022

KnowBe4 (KNBE) Stock Jumps 12% on Take-Private Deal

InvestorPlace - Stock Market News, Stock Advice & Trading Tips KnowBe4 (KNBE) stock is getting a boost on Wednesday as investors react to a deal that will take the cybersecurity company private. The post KnowBe4 (KNBE) Stock Jumps 12% on Take-Private Deal appeared first on InvestorPlace. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live The Best $1 Investment You Can Make Today Early Bitcoin Millionaire Reveals His Next Big Crypto Trade “On Air” It doesn’t matter if you have $500 or $5 million. Do this now......»»

Category: topSource: investorplaceOct 12th, 2022

5 Cloud Security Stocks That Could Enhance Returns in 2022

Here we present five cloud security stocks, FTNT, VMW, IBM, INFY and PANW, which are poised to gain from the heightening need for secure networks and cloud-based applications. With cloud threats increasing rapidly, all industries need to evaluate their security. Enterprises are safeguarding themselves with cloud-centric security solutions to protect against threat channels attempting to exploit the weaknesses in cloud deployments.Cloud computing has emerged as an ally for enterprises on the back of digital transformation and strong demand for cybersecurity offerings as well as the heightening need for secure networks and cloud-based applications amid the pandemic-induced remote-working and online learning wave.The major factors fueling the cloud security market include the growing sophistication of cybercrimes, cyber espionage campaigns, generation of new cyberattacks, upthrust in the use of cloud-based solutions and an upsurge in Bring Your Own Device and Choose Your Own Device trends to boost the demand for cloud security.Moreover, increasing government initiatives to support smart infrastructure projects and secure online payment applications, social media and OS would provide lucrative opportunities for cloud security vendors including Fortinet Inc. FTNT, VMware VMW, International Business Machines Corporation IBM, Infosys INFY and Palo Alto PANW.Per a recent SkyQuest report, the global cloud security market size was valued at $28.47 billion in 2021. It is expected to reach a value of $82.77 billion by 2028, at a CAGR of more than 16.47% over the forecast period (2022-2028).Our PicksLet’s thus take a closer look at some notable cloud security stocks that could enhance returns in the rest of 2022.Fortinet is a provider of network security appliances and Unified Threat Management (UTM) network security solutions to enterprises, service providers and government entities worldwide. It is benefiting from rising demand for security and networking products amid the coronavirus crisis as a huge global workforce is working remotely.This Zacks Rank #2 (Buy) company is also benefiting from robust growth in Fortinet Security Fabric, cloud and Software-defined Wide Area Network (SD-WAN) offerings. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.In June, the company announced the launch of a new security solution for Multi-Cloud, Fortinet Secure SD-WAN. This solution complements the company’s existing Secure SD-WAN Cloud On-Ramp abilities and helps businesses and users establish a secure connection with cloud solutions and cloud applications.The consensus mark for Fortinet’s 2022 earnings has remained steady at $1.05 per share in the past 30 days.Fortinet, Inc. Price and Consensus Fortinet, Inc. price-consensus-chart | Fortinet, Inc. QuoteVMware’s offerings in domains such as SDDC, hybrid cloud and EUC have increased its market share. The inclusion of the Carbon Black solution enables VMware’s existing security portfolio to reduce the attack surface and develop deep protection across applications, endpoints and infrastructure, radically and uniquely.In June, the company launched Contexa, a threat intelligence cloud that discovers lateral network traffic. The new technology will be available across all its security offerings for existing and new customers. VMware claims that Contexa is more likely to discover lateral network traffic than current security information and event management and extended detection and response solutions.In situations where workloads need to remain on-premise, VMware workloads are now supported by IBM Cloud Satellite. With the help of IBM Cloud Satellite, a unified and secured layer of cloud-based services is available to clients.The consensus mark for VMware’s 2022 earnings has remained steady at $6.52 per share in the past 30 days.VMware, Inc. Price and Consensus VMware, Inc. price-consensus-chart | VMware, Inc. QuoteInternational Business Machines spun off its legacy Managed Infrastructure Service business to accelerate its hybrid cloud growth strategy with a focus on accelerated digital transformation. Its growth is anticipated to be primarily driven by security, cloud computing and analytics in the long run.The company recently inked an agreement with Bharti Airtel for an undisclosed amount to deploy an edge computing platform in India. This is likely to extend the secured cloud services for business enterprises while improving their performance through reduced latency and higher data security features.The consensus mark for International Business Machines’ 2022 earnings has remained steady at $9.39 per share in the past 60 days.International Business Machines Corporation Price and Consensus International Business Machines Corporation price-consensus-chart | International Business Machines Corporation QuoteInfosys-owned Cyber Next is a security-as-a-service ecosystem that enables enterprises to leverage pre-built, scalable infrastructure security platforms that can be extended for enterprise-specific requirements on security monitoring, security analytics, threat intelligence and advanced security controls such as Endpoint Detection and Response, deception technology and malware analysis.In collaboration with Palo Alto Networks, Infosys will secure Bpost’s cloud environment by monitoring and utilizing advanced threat-hunting capabilities through its Cyber Next solution portfolio. It will aid the European parcel operator to enhance its Azure and AWS cloud security posture.The consensus mark for Infosys’ 2022 earnings has remained steady at 72 cents per share in the past 30 days.Infosys Limited Price and Consensus Infosys Limited price-consensus-chart | Infosys Limited QuotePalo Alto offers Cortex XSOAR solution, a comprehensive security orchestration, automation and response platform. Its fully automated response playbooks and artificial intelligence-led predictions will protect Bpost from threats and strengthen its cloud security.Palo Alto’s Cortex XSOAR unifies case management, automation, real-time collaboration and threat intel management to serve security teams across the incident lifecycle. With Cortex XSOAR, security teams build future-proof security operations to reduce mean time to restore and create consistent and audited incident management processes and increase analyst productivity.The consensus mark for Palo Alto’s 2022 earnings has remained steady at $3.15 per share in the past 30 days.Palo Alto Networks, Inc. Price and Consensus Palo Alto Networks, Inc. price-consensus-chart | Palo Alto Networks, Inc. Quote Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock And 4 Runners UpWant 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 VMware, Inc. (VMW): Free Stock Analysis Report International Business Machines Corporation (IBM): Free Stock Analysis Report Infosys Limited (INFY): Free Stock Analysis Report Fortinet, Inc. (FTNT): Free Stock Analysis Report Palo Alto Networks, Inc. (PANW): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksOct 6th, 2022

TD SYNNEX (SNX) Rides on Tech Solution Demand and Deal Wins

TD SYNNEX (SNX) continues to benefit from the spurring demand for its technology business solutions, and its sustained focus on strategic acquisitions and partnerships. TD SYNNEX SNX is gaining from solid demand for its technology solutions, driven by the pandemic-induced work- and learn-from-home trends. Acquisitions and partnerships are helping the company to expand its product portfolio and global footprint. A steady IT spending environment, determined by the emerging digitalization trend, is a positive for the company.In third-quarter fiscal 2022, TD SYNNEX reported revenues of $15.36 billion, witnessing a whopping 194.9% rise year over year. The company is riding on strong growth in product areas, such as personal computers, networking and cloud plus software-related solutions, which is contributing to revenue acceleration of the Technology Solutions business.In September, the company announced the launch of the IAconnects MobiusFlow Click-to-Run solution on Microsoft’s MSFT Azure platform. The advanced solution intends to simplify the complex process by which SNX partners configure an Internet of Things solution, which provides hardware, software and infrastructure to manage smart buildings.TD SYNNEX’s Click-to-Run, a managed virtual desktop as a service solution, leverages Microsoft’s Azure Virtual Desktop to ensure a simple, secure and productive personal computing experience with flexibility, scalability and cost efficiency. The new release features air quality monitoring, preventive information technology maintenance, occupancy control, and energy-efficient operation while collecting secure data from sensors and intelligent controllers.The latest forecast for worldwide IT spending by Gartner is a positive for TD SYNNEX. Gartner forecasts worldwide IT spending to reach $4.5 trillion in 2022, suggesting an increase of 3% from 2021. The research firm expects worldwide spending on IT services to grow 6.2% year over year to $1.28 trillion this year. This bodes well for TD SYNNEX’s performance.TD SYNNEX anticipates adjusted net revenue growth between 6% and 8% for fiscal 2022. Over the next three to four years, the company expects revenues to increase at a compounded annual growth rate of 6-7%.Growing Through PartnershipsTD SYNNEX’s sustained focus on partnerships with other tech companies is helping it to enhance its product portfolio and expand its global footprint. In August, TD SYNNEX partnered with California-based spatial data company, Matterport Inc. MTTR, to help boost its presence in the North America market.A large network of 150,000 resellers of TD SYNNEX provides Matterport’s industry-leading technology to a huge customer base, including new enterprises, small & medium business customers and public agencies. This deal allows MTTR to gain a stronghold in the North American property market of approximately 1 billion spaces while enabling SNX clients to optimize operations through integration with Matterport’s platform.In June, TD SYNNEX’s Tech Data entered a partnership with Salt Lake City-based Learning Management Systems ("LMS") developer, Instructure, to leverage enhanced learning solutions in India. The company intends to ensure ground-level support and assistance among its India-based partners through this partnership. Instructure will utilize Tech Data’s extensive network of partners and expertise in the local Indian market to offer Canvas solutions to the subcontinent’s education sector.In May, the company entered into a cybersecurity aggregator partner agreement with California-based Broadcom Software. Per the agreement, SNX enables its channel partners to improve customer experiences and be financially rewarded in return.In January, TD SYNNEX forged a partnership with the largest independent publicly-traded business intelligence company in the North America region, MicroStrategy MSTR. This contract aided SNX to enhance its portfolio of IoT, data and analytics solutions.MicroStrategy’s comprehensive software platform, which includes features like self-service data discovery, enterprise reporting, mobile applications and embedded analytics, enables TD SYNNEX’s partners to offer end-to-end enterprise analytics, driving end-user adoption and meeting data-driven business culture demand.In the same month, the company entered into a strategic collaboration agreement with Amazon’s subsidiary, Amazon Web Services (“AWS”), to invest in resources that will help in developing advanced cloud solutions for its partners.This agreement enabled SNX’s partners, including small and medium-sized businesses, public sector organizations, and individual software vendors, to get improved international exposure to sell their newly developed offerings integrated with Amazon’s AWS advanced cloud technology. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Microsoft Corporation (MSFT): Free Stock Analysis Report TD SYNNEX Corp. (SNX): Free Stock Analysis Report MicroStrategy Incorporated (MSTR): Free Stock Analysis Report Matterport, Inc. (MTTR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksOct 3rd, 2022

American Public (APEI) Gains on Better Enrollment View, Cost Ail

American Public (APEI) sees improvement in enrollment recently. However, the bottom line is reeling under high costs. American Public Education, Inc. APEI has been riding high on solid strategies to boost enrollment and student persistence rate, cost-saving moves, acquisitions and affordability. It has been benefiting from increased demand for online courses and nursing programs.Its focus on fulfilling the demand of nurses and other healthcare professionals and cybersecurity courses bode well. It has also been gaining traction of late as it provided near-term guidance for certain metrics.However, this Zacks Rank #4 (Sell) company has been witnessing higher costs and expenses. Also, the current macroeconomic condition is a potential headwind. In the past year, its shares tumbled 64.6% compared with the Zacks Schools industry’s 32.5% fall and S&P 500 index’s 18.1% decline.Image Source: Zacks Investment ResearchLet’s discuss the factors influencing the growth of this leading online and campus-based postsecondary education provider. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Strategies to Drive Enrollment Growth: American Public has undertaken several initiatives to improve enrollment trends and student persistence. The company intends to drive student persistence rate by improving the student mix quality, releasing new tools for students and other initiatives that increase student engagement and classroom interactivity. APEI offers various competency-based education programs, which permit students to control their own pace and progress in a program. Also, it has boosted technology investments to boost student engagement.The company adopted a geographical approach to marketing, which focuses on using cost-effective channels and aims to reach out to college-ready students who are more likely to succeed. It aims to strengthen its digital marketing campaigns to leverage relationships with the military, public service and other high-value student populations.The company in its recent news release noted that it has been witnessing improvement in enrollment across the segments for the next two quarters. Impressively, a shift to in-house marketing at Rasmussen and a strong interest in programs/approvals for HCN’s new Detroit campus for fall 2022 enrollment worked in favor of the company.Business Combinations & Buyout Synergies: APEI completed the acquisitions of Rasmussen University ("RU") and GSUSA on Sep 1, 2021, and Jan 1, 2022, respectively.RU is a nursing- and health sciences-focused institution, which provides postsecondary education to more than 17,100 students at its 23 campuses in six states and online. GSUSA provides career learning in-person and online to the federal workforce through a catalog of over 300 courses specializing in foundational and continuing professional development, as well as leadership training to advance the performance of government agencies through the competency and career advancement of their employees.The buyouts are likely to add benefits in the future as more and more people are inclined toward these career-oriented courses. Moreover, its strong cost procurement moves will likely result in $15 million in annual cost savings, one-time transition and integration items for GSUSA and $2 million in non-recurring marketing benefits from the RU segment in 2022. This will help the company generate adjusted EBITDA of $21.1-$27.1 million in the second half of 2022 and $53-$59 million in 2022. Pro-forma adjusted EBITDA will likely be $70-76 million for the year.Affordable Tuitions: Skill gap and increased cost of higher education have been threatening the nation. Workers are forced to take expensive courses to improve their skills. American Public continued to be a leader in affordability and value. Creating affordable pathways to support employment and career advancement would help learners of all backgrounds maximize their higher education return on investment.Since the foundation, affordable tuition has been a priority of APUS. Currently, tuition at APUS is among the lowest in the four-year for-profit sector. TAPUS provides an APUS-funded tuition grant to undergraduate and master’s students to support its active-duty military students using TA. APUS’s low tuition and fees, in combination with APUS-funded tuition and book grant provided to all undergraduate students, active-duty military students and their spouses and dependents at the master’s level, lead to significant savings for students.Tuition and fees at RU and HCN are also designed to be affordable and competitive with those of similar institutions offering the same level of flexibility, accessibility and student experience. At RU, students can lower their total cost of attendance through self-directed assessments, which provide savings by permitting students who demonstrate proficiency in a subject to test out of courses. The affordability of the company’s courses and programs will benefit it over the long haul.High Costs Denting Profitability: Over the last few quarters, American Public has been experiencing increased costs, which are denting profitability. For the first half, total costs and expenses increased more than 186% year over year due to the inclusion of RU and GSUSA. Operating margins declined to a negative 44.7% versus 7.5% in the prior-year period. HCN’s operating margins declined to a negative 7.1% due to increases in nursing faculty compensation costs and other employee costs. Also, an increase in marketing expenditures dented profitability.Macro-Economic Headwinds: APEI’s top and bottom line has been witnessing impacts of inflation and higher labor costs, particularly in RU and HCN segments. RU enrolment fell in the second quarter of 2022 due to year-over-year declines in total nursing and new nursing students enrolment, mainly caused by the impacts of the COVID-19 pandemic, record low unemployment in some RU local markets and increasing pay for nurses resulting in fewer available nursing faculty to educate and oversee clinical.Key PicksSome better ranked stocks in the Zacks Consumer Discretionary sector are New Oriental Education & Technology Group Inc. EDU, PowerSchool Holdings, Inc. PWSC and Virco Mfg. Corporation VIRC.New Oriental Education currently carries a Zacks Rank #2 (Buy). The Zacks Consensus Estimates for the company’s current-year earnings reflects 204.8% year-over-year growth.The Zacks Consensus Estimate for EDU’s fiscal 2023 earnings has been revised upward from 47 cents to 65 cents over the past 30 days.PowerSchool currently has a Zacks Rank #2. The Zacks Consensus Estimates for this cloud-based software provider’s current-year earnings reflects 23.8% year-over-year growth.The Zacks Consensus Estimate for PWSC’s 2022 earnings has been revised upward from 76 cents to 78 cents over the past 60 days.Virco currently holds a Zacks Rank #2. The Zacks Consensus Estimates for this leading furniture manufacturer’s current-year earnings reflects 174.7% year-over-year growth.The Zacks Consensus Estimate for VIRC’s fiscal 2023 earnings has been revised upward from 71 cents to 39 cents in the past seven days. 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 Public Education, Inc. (APEI): Free Stock Analysis Report Virco Manufacturing Corporation (VIRC): Free Stock Analysis Report New Oriental Education & Technology Group, Inc. (EDU): Free Stock Analysis Report PowerSchool Holdings, Inc. (PWSC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 26th, 2022

CrowdStrike (CRWD) to Buy EASM Solution Provider Reposify

The buyout of San Francisco-based EASM platform provider, Reposify, will strengthen CrowdStrike's (CRWD) position in the security and IT operations space, bolstering its Falcon platform. CrowdStrike CRWD recently announced that it has signed an agreement to acquire the San Francisco-based external attack surface management (EASM) platform provider, Reposify. The buyout is anticipated to conclude in third-quarter fiscal 2023 (August-October 2022), subject to customary closing conditions.Reposify had secured a place in Gartner’s 2021 ‘Emerging Vendor’ list for its EASM software-as-a-service platform, which spots exposed and vulnerable Internet-facing assets of an entity and protects them from attacks in real time. CrowdStrike will combine its Falcon Threat Intelligence solution portfolio with Reposify's EASM platform to deliver an adversarial view of enterprise risks across internal and external attack surfaces.Reposify Complements CrowdStrike’s Product PortfolioCrowdStrike’s Falcon Intelligence solution integrates threat intelligence into endpoint protection, automatically performing investigations, speeding response and enabling cyber security teams to transform from a reactive to a predictive and proactive state. The EASM solution from Reposify, on the other hand, is mainly focused on reducing the risk exposure of the external assets of the enterprises, preventing shadow IT.The latest buyout will be a strategic fit for CrowdStrike as Reposify’s product portfolio complements the company's existing Security and IT Operations product suite. It will offer enterprises a complete view of their external attack surface with just a click.CrowdStrike is always looking for strategic acquisitions to boost its product portfolio and drive top-line growth. In November 2021, it acquired SecureCircle, a SaaS-based cybersecurity service that extends Zero Trust security to data on the endpoint.The same year in March, the company acquired high-performance cloud log management technology provider, Humio, to fortify its Extended Detection and Response capabilities. In September 2020, CrowdStrike completed the acquisition of identity theft protection provider, Preempt Security, which has enhanced the company’s Zero Trust security capabilities. CrowdStrike Price and Consensus CrowdStrike price-consensus-chart | CrowdStrike QuoteCrowdStrike is benefiting from growing demand for its cyber-security solutions, owing to the slew of data breaches and the increasing necessity for security and networking products amid the ongoing remote working trend across the globe. The company’s rich experience in the security space and continued delivery of mission-critical solutions is aiding it to maintain and grow its market share.The company has been witnessing top and bottom-line growth for the past several quarters, owing to the strong demand environment for cyber-security solutions along with its sustained focus on enhancing product offerings through in-house research and development, and acquisitions. In the last reported quarter, the company’s revenues soared 58% year over year to $535.2 million while non-GAAP earnings jumped over three-fold to 36 cents per share from 11 cents reported in the year-ago quarter.Shares of CRWD have lost 34.9% in the past year.Zacks Rank & Stocks to ConsiderCrowdStrike currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks from the broader Computer and Technology sector are Clearfield CLFD, Silicon Laboratories SLAB and EPAM Systems EPAM. While Clearfield and Silicon Laboratories flaunt a Zacks Rank #1 (Strong Buy), EPAM carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here.The Zacks Consensus Estimate for Clearfield's fourth-quarter fiscal 2022 earnings has been revised 10 cents north to 80 cents per share over the past 60 days. For fiscal 2022, earnings estimates have moved 36 cents north to $3.13 per share in the past 60 days.Clearfield’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 33.9%. Shares of CLFD have improved 112% in the past year.The Zacks Consensus Estimate for Silicon Laboratories’ third-quarter 2022 earnings has increased 36% to $1.13 per share over the past 60 days. For 2022, earnings estimates have moved 20.5% up to $4.41 per share in the past 60 days.Silicon Laboratories’ earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 63.6%. Shares of SLAB have declined 12.1% in the past year.The Zacks Consensus Estimate for EPAM Systems' third-quarter 2022 earnings has been revised 7 cents northward to $2.52 per share over the past seven days. For 2022, earnings estimates have moved 15 cents north to $9.96 per share in the past seven days.EPAM's earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 23%. Shares of the company have declined 38% in the past year. Just Released: Free Report Reveals Little-Known Strategies to Help Profit from the  $30 Trillion Metaverse Boom It's undeniable. The metaverse is gaining steam every day. Just follow the money. Google. Microsoft. Adobe. Nike. Facebook even rebranded itself as Meta because Mark Zuckerberg believes the metaverse is the next iteration of the internet. The inevitable result? Many investors will get rich as the metaverse evolves. What do they know that you don't? They’re aware of the companies best poised to grow as the metaverse does. And in a new FREE report, Zacks is revealing those stocks to you. This week, you can download, The Metaverse - What is it? And How to Profit with These 5 Pioneering Stocks. It reveals specific stocks set to skyrocket as this emerging technology develops and expands. Don't miss your chance to access it for free with no obligation.>>Show me how I could profit from the metaverse!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 EPAM Systems, Inc. (EPAM): Free Stock Analysis Report Silicon Laboratories, Inc. (SLAB): Free Stock Analysis Report Clearfield, Inc. (CLFD): Free Stock Analysis Report CrowdStrike (CRWD): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 22nd, 2022

Visa (V), GM Sectec Bolster Partnership to Boost Cybersecurity

The latest partnership between Visa (V) and GM Sectec will likely facilitate secured digital transactions in the LatAm and Caribbean region. Visa Inc. V recently extended its partnership with GM Sectec to intensify cybersecurity. The partnership is expected to facilitate fraud prevention and boost cyber defense in the Latin America (LatAm) and Caribbean regions.Per the latest deal, GM Sectec is expected to provide payment and risk management services in collaboration with Visa’s Cybersource solution. With the rise in demand for digital payment services in the LatAm and Caribbean area, triggered by the COVID-19 pandemic, the need for cybersecurity has significantly increased. As such, the latest partnership between Visa and GM Sectec will likely facilitate secured digital transactions.Small and medium-sized businesses are gaining strength in the LatAm region, which has a growing economy. Digital contactless payment methods and online marketplaces are driving growth for businesses. V's Global Back to Business study (6th edition) indicates that 73% of surveyed small businesses think digital payments hold the key to growth this year. As such, Visa’s Cybersource solution is expected to witness high demand in the region.Providing top-notch cybersecurity services and knowledge is expected to help in fraud prevention and increase approval rates. This, in turn, will likely drive sales for businesses and merchants. The latest partnership is expected to help Visa innovate solutions to facilitate secured and seamless transactions. It is also likely to raise awareness regarding cybersecurity and related practices in different organizations.Visa invests in technology to boost its already leading position in the payments market and minimize the impact of fraud, and protect consumer and merchant information. One of the main purviews of the company is to ensure the security of payments as they move from physical to digital environments. With 4 billion more payment transactions with debit and credit cards, and cash transactions declining by 17 million in the third quarter of fiscal 2022 on a year-over-year basis, V has significant prospects for growth in the emerging payments industry in the years to come.Price PerformanceShares of Visa have decreased 16.1% in the past year compared with the industry’s 30.2% decline.Image Source: Zacks Investment ResearchZacks Rank & Key PicksVisa currently has a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Business Services space are Marqeta, Inc. MQ, PaySign, Inc. PAYS and International Money Express, Inc. IMXI, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Headquartered in Oakland, CA, Marqeta provides card issuing and transaction processing services. The Zacks Consensus Estimate for MQ’s 2022 bottom line indicates 13.3% year-over-year growth.Based in Henderson, NV, PaySign offers prepaid card products and processing services. The Zacks Consensus Estimate for PAYS’s 2022 earnings indicates 280% year-over-year growth.Miami-based International Money Express works as a money remittance services company globally. The Zacks Consensus Estimate for IMXI’s 2022 bottom line indicates 18.4% year-over-year growth. Just Released: Free Report Reveals Little-Known Strategies to Help Profit from the  $30 Trillion Metaverse Boom It's undeniable. The metaverse is gaining steam every day. Just follow the money. Google. Microsoft. Adobe. Nike. Facebook even rebranded itself as Meta because Mark Zuckerberg believes the metaverse is the next iteration of the internet. The inevitable result? Many investors will get rich as the metaverse evolves. What do they know that you don't? They’re aware of the companies best poised to grow as the metaverse does. And in a new FREE report, Zacks is revealing those stocks to you. This week, you can download, The Metaverse - What is it? And How to Profit with These 5 Pioneering Stocks. It reveals specific stocks set to skyrocket as this emerging technology develops and expands. Don't miss your chance to access it for free with no obligation.>>Show me how I could profit from the metaverse!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 Visa Inc. (V): Free Stock Analysis Report INTERNATIONAL MONEY EXPRESS, INC. (IMXI): Free Stock Analysis Report Paysign, Inc. (PAYS): Free Stock Analysis Report Marqeta, Inc. (MQ): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 22nd, 2022

Mastercard (MA) Adds Experts to Client Services Team in Egypt

Mastercard (MA) inflates the base of its Advisors Client Services Hub in Egypt by expanding the panel of experts at the site. This will boost MA to serve its global clients with professional ease. Mastercard Incorporated MA recently broadened its team of experts at the Advisors Client Services Hub in Egypt. Set up in 2019, the hub was established in sync with MA’s efforts to drive digital transformation across Egypt and pursue significant investments in recruiting local workforce.The regional center commenced operations with a skeletal staff of six very able employees and gradually absorbed more than 60 experts in three years. Plans are afoot to further bolster the headcount within a couple of years.The team leverages real-time data, analysis, consulting and marketing solutions to extend cutting-edge financial and payment solutions that are witnessing growing popularity these days. These are related to Buy-Now-Pay-Later (BNPL), open banking, cybersecurity and data monetization. With these solutions, regional clients and those from all over Europe, the Asia-Pacific and the North American markets can boost prospects of their businesses.The team’s efficiency can be well reflected in the Mastercard Advisors Client Services Hub’s completion of more than 200 engagements within a short span of less than two years. Such efforts of team expansion at the hub clearly underline Mastercard’s endeavor to cater to the regional and global markets from its Egyptian base and subsequently, pool in strategic investments by foreign firms into the country.Similar moves reinforce Mastercard’s continuous efforts to strengthen its footprint as a leading technology provider by rolling out innovative payment solutions across Egypt. A solid digital suite built through several collaborations with renowned financial service providers and substantial investments is expected to position MA well in tapping teeming opportunities amid the flourishing digital payment space of Egypt.Undoubtedly, the African nation seems to seriously woo overseas investors like the global digital payment processor Mastercard. The country continues to witness a booming digital economy, thanks to its increased Internet adoption, a rapidly-growing young population and higher usage of smartphones.In August 2022, MA joined forces with the proliferating fintech start-up of Egypt, Telda. The deal was struck to launch the latter’s prepaid card, thus offering unbanked individuals access to digital banking services.Shares of Mastercard have lost 8.8% in a year compared with the industry’s decline of 29.7%.Image Source: Zacks Investment ResearchZacks Rank & Key PicksMastercard currently carries a Zacks Rank #3 (Hold).  Some better-ranked stocks in the Business Services space are Clean Harbors, Inc. CLH, Exponent, Inc. EXPO and Information Services Group, Inc. III. While Clean Harbors sports a Zacks Rank #1 (Strong Buy), Exponent and Information Services Group carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.The bottom line of Clean Harbors outpaced estimates in each of the last four quarters, the average being 37.51%. The Zacks Consensus Estimate for CLH’s 2022 earnings suggests an improvement of 86.3% from the year-ago reported figure. The same for revenues suggests growth of 33.4% from the year-ago reported number. The consensus mark for CLH’s 2022 earnings has moved 52.7% north in the past 60 days.Exponent’s earnings outpaced estimates in each of the trailing four quarters, the average being 9.29%. The Zacks Consensus Estimate for EXPO’s 2022 earnings suggests an improvement of 8.2% from the year-ago reported figure. The same for revenues suggests growth of 6.4% from the year-ago reported number. The consensus mark for EXPO’s 2022 earnings has moved 1.6% north in the past 60 days.The bottom line of Information Services Group outpaced estimates in three of the last four quarters and matched the mark once, the average being 32.50%. The Zacks Consensus Estimate for III’s 2022 earnings suggests an improvement of 2.3% from the year-ago reported figure. The same for revenues suggests growth of 3.5% from the year-ago actuals. The consensus mark for III’s 2022 earnings has moved 4.7% north in the past 60 days.The Clean Harbors stock has gained 15.4% in a year. However, shares of Exponent and Information Services Group have lost 21.5% and 30.9%, respectively, in the same time frame. This Little-Known Semiconductor Stock Could Be Your Portfolio’s Hedge Against Inflation Everyone uses semiconductors. But only a small number of people know what they are and what they do. If you use a smartphone, computer, microwave, digital camera or refrigerator (and that’s just the tip of the iceberg), you have a need for semiconductors. That’s why their importance can’t be overstated and their disruption in the supply chain has such a global effect. But every cloud has a silver lining. Shockwaves to the international supply chain from the global pandemic have unearthed a tremendous opportunity for investors. And today, Zacks' leading stock strategist is revealing the one semiconductor stock that stands to gain the most in a new FREE report. It's yours at no cost and with no obligation.>>Yes, I Want to Help Protect My Portfolio During the RecessionWant 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 Mastercard Incorporated (MA): Free Stock Analysis Report Clean Harbors, Inc. (CLH): Free Stock Analysis Report Exponent, Inc. (EXPO): Free Stock Analysis Report Information Services Group, Inc. (III): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 21st, 2022

4 Large-Cap Technology Stocks to Diversify Your Portfolio

Here we present four stocks - SNPS, ZS, STM and FTNT - from the widely-diversified tech sector that are poised to perform well in the rest of 2022 despite a volatile market. Inflation woes are refusing to abate and the ongoing anticipation of a rate hike in the upcoming policy meeting of the Federal Reserve to curb inflationary pressure is making the market jittery, as depicted by a 14.8%, 26.16% and 18.15%, respective year-to-date decline in the Dow Jones Industrial Average, Nasdaq Composite and S&P 500.The August Consumer Price Index (CPI: an indicator of inflation) increased 8.3% year over year. The figure exceeded the 8.1% expectation of analysts despite the 10.6% decline in gasoline prices. The Fed had already indicated last month that rate hikes will continue until inflation is at least down close to the 2% target rate. The central bank’s hawkish stance on taming the sky-high inflation has stoked fears of an economic slowdown.Although the market is likely to be choppy through the second half of 2022, there will be opportunities to earn in the equity market if well-researched investment strategies are adopted. Such strategies will enhance investors’ stock-picking ability, stabilize their portfolio and significantly reduce risks and the impacts of uncertainty.The widely-diversified tech sector holds the potential to defy recessionary woes and minimize the anticipated contraction of the world economy despite rising interest rates and log-jammed supply chains.Each and every dip in the market will be a good opportunity to enter the same and tap gains from several stocks, especially in the Zacks Computer and Technology sector, like STMicroelectronics STM, Fortinet FTNT, Zscaler ZS and Synopsys SNPS. These stocks have become highly attractive at their current valuation. Many of these stocks have strong upside left for the rest of 2022, especially those offering hybrid-working tech, cloud services and cybersecurity solutions, which support work from home, online learning and remote health diagnosis.Our Top PicksWith the help of the Zacks Stock Screener, we have selected four large-cap tech stocks (market cap greater than $10 billion) that are well-poised to grow in the rest of 2022. Large caps have strong fundamentals that help them stay afloat in a turbulent economic and business environment.Apart from robust earnings estimate revisions, they have a favorable combination of a VGM Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Per the Zacks proprietary methodology, stocks with such a perfect mix of elements offer solid investment opportunities.STMicroelectronics N.V. is benefitting from solid demand for the company’s robust microcontrollers, sensors, power, analog and other connectivity products. The growing uptake of motion and environmental sensors, time-of-flight ranging sensors, wireless charging products, touch display controllers, and secure solutions in smartphones is anticipated to aid its performance in the personal electronics market in the near term. The strong momentum in design wins of smartwatches and other wearables is a positive.Increasing demand in the automotive product group across all geographies is expected to boost the company’s performance in the rest of 2022. Growing electrification and digitalization of the automotive industry are expected to remain a tailwind. Strong design wins, with ST power modules in electronic vehicle applications, are likely to drive its growth in the automotive market in the near term. Strengthening of customer engagements in cellular and satellite communication infrastructure is driving STM’s performance in the communications equipment, computer and peripherals market.The company sports a Zacks Rank #1 and has a VGM Score of B. The Zacks Consensus Estimate for 2022 earnings stands at $3.88 per share, having increased 16.5% in the past 60 days.STMicroelectronics N.V. Price and Consensus STMicroelectronics N.V. price-consensus-chart | STMicroelectronics N.V. QuoteSynopsys is benefiting from strong design wins owing to a robust product portfolio. The company’s penetration into new and growing AI chip companies is a major growth driver. With the increasing need for enhanced security measures, considering the rising security threats in interconnected systems laden with software, demand for Synopsys’ solutions is shooting up. Robust growth in software-based verification at both traditional semiconductor and emerging system companies focused on their in-house design is an upside.Growth in the work-and-learn-from-home trend is driving demand for bandwidth. Synopsys Fusion Design Platform, launched last November, is witnessing high demand, helping it generate strong results. Growing demand for advanced technology, design, IP and security solutions is also creating solid prospects. The company’s Verification Continuum platform steadily witnesses excellent demand and competitive wins. Further, ZeBu Server 4 product is witnessing broad-based adoption among customers for designing storage, networking and AI chips.Synopsys, a Zacks Rank #2 company, has a VGM Score of B. The Zacks Consensus Estimate for fiscal 2022 earnings has moved 4.4% north to $8.84 per share over the past 60 days.Synopsys, Inc. Price and Consensus Synopsys, Inc. price-consensus-chart | Synopsys, Inc. QuoteFortinet is benefiting from the increased adoption of its networking and security platforms, driven by a rise in the hybrid working policy among top-notch companies. This Zacks Rank #2 company continues to win back-to-back deals for offering unique cyber safety solutions, which ensure the blocking of attacks or malicious content. Its Fortinet Security Fabric, cloud and Software-defined Wide Area Network (SD-WAN) offerings are currently witnessing robust growth.The growing adoption of SD-WAN solutions is a key growth driver for Fortinet in the long run. According to the latest Future Market Insights report, the market size for SD-WAN solutions is likely to reach $53.8 billion by 2032 from $3.4 billion in 2022, indicating a CAGR of 31.6% during the 2022-2032 forecast period. As only a few vendors offer security and SD-WAN solution, Fortinet is well-positioned to capitalize on the increasing opportunities in the market.Fortinet has a VGM Score of B. The Zacks Consensus Estimate for 2022 earnings stands at $1.05 per share, having moved a penny north in the past 60 days.Fortinet, Inc. Price and Consensus Fortinet, Inc. price-consensus-chart | Fortinet, Inc. QuoteZscaler is benefiting from the rising demand for cyber-security solutions owing to the slew of data breaches. The increasing demand for privileged access security on digital transformation and cloud-migration strategies is a key growth driver. Zscaler’s portfolio strength boosts its competitive edge and helps add users. Moreover, a strong presence across verticals, such as banking, insurance, healthcare, public sector, pharmaceuticals, telecommunications services and education, is safeguarding Zscaler from the pandemic’s negative impact. Zscaler is well positioned to capitalize on the increasing opportunities in the SD-WAN solutions market. Additionally, the company’s collaboration with both VMware and Silver Peak is helping it secure SD-WAN deployments.This Zacks Rank #2 company has also made a few important acquisitions to build its product portfolio and stimulate growth. The acquisition of Smokescreen will enhance Zscaler’s Zero Trust Exchange and Advanced Active Defense capabilities. The purchase of Trustdome will help Zscaler provide a comprehensive solution to reduce public cloud attack surfaces and improve security posture.Zscaler has a VGM Score of B. The Zacks Consensus Estimate for 2022 earnings stands at $1.17 per share, having increased 13.6% in the past 60 days.Zscaler, Inc. Price and Consensus Zscaler, Inc. price-consensus-chart | Zscaler, Inc. Quote Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report STMicroelectronics N.V. (STM): Free Stock Analysis Report Synopsys, Inc. (SNPS): Free Stock Analysis Report Fortinet, Inc. (FTNT): Free Stock Analysis Report Zscaler, Inc. (ZS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 16th, 2022

Futures Crater As Fedex Ushers In The Global Recession On $3.2 Trillion Triple Witch Day

Futures Crater As Fedex Ushers In The Global Recession On $3.2 Trillion Triple Witch Day Another day, another selloff, this time one driven by a catastrophic repricing by Fedex, which has plunged by the most ever this morning, down 20% and losing over $11BN in market cap... ... after pulling guidance and effectively warning that the entire world - and especially China - is in a recession. The fact that it is a $3.2 trillion opex today which guarantees even more volatility in the coming weeks... ... or that buyback blackout period begins today probably isn't helping, and sure enough, we end the week in a mirror image to how we started it, with equities extending declines with an index of global stocks on track for the worst week since June, while the dollar continued its relentless ascent, trading back to all time highs. S&P futures were down 0.8% at 730am, dropping to the lowest level in 2 months, while Nasdaq 100 lost more than 1%, as Europe  headed for a fourth day of losses, and Asian was a sea of red led by China. In premarket trading, besides the implosion in Fedex, Uber shares slid 5.3% in US premarket trading after the ride-hailing company said it has shut down internal Slack messaging as it investigates a cybersecurity breach. Bank stocks are also lower alongside S&P 500 futures, while the US 10-year Treasury yield advances. In corporate news, Credit Suisse’s securitized products group has drawn interest from Apollo Global Management and BNP Paribas, according to people with knowledge of the matter. Here are some other big premarket movers: FedEx (FDX US) shares plunged 20% in US premarket trading after the package delivery giant pulled its fiscal 2023 earnings forecast, triggering a raft of downgrades from analysts, including at KeyBanc and JPMorgan. Amazon (AMZN US) and UPS (UPS US) also fell. Adobe (ADBE US) shares fall another 2.3% in premarket trading, one day after its market value shrunk by $29.5 billion on an announcement to buy software design startup Figma. More analysts slashed ratings and price targets. Cryptocurrency- exposed stocks are likely to be active on Friday with Bitcoin dropping below $19,800 after SEC Chair Gary Gensler signaled that a feature of the network’s software could lead to tokens being considered securities by the commission. In the US premarket trading hours, Marathon Digital (MARA US) -3.2%, Coinbase (COIN US) -2.0%, Riot Blockchain (RIOT US) -3.4% Watch Alcoa (AA US) as Morgan Stanley upgrades the stock and several peers, noting that value begins to show within Americas metals and mining shares, but cautioning that uncertainty remains. International Paper (IP US) slides 5.6% in US premarket trading after Jefferies downgraded the stock as well as shares in Packaging Corp of America (PKG US) to underperform in reflection of the “massive inventory glut in containerboard.” The broker stays at hold for Westrock (WRK US), noting that valuation is already depressed. Policy-sensitive two-year Treasury yields extended a rise to the highest since 2007, deepening the curve inversion that’s seen as a recession signal. The latest US economic data painted a mixed picture for the economy that backed the view for hawkish monetary policy. Swaps traders are pricing in a 75 basis-point hike when the Federal Reserve meets next week, with some wagers appearing for a full-point move. “Everything points to another 75 basis-point rate hike by the Fed when it meets next week. The likelihood that it will have to go ‘big’ again in November is elevated, too,” said Raphael Olszyna-Marzys, an economist at Bank J Safra Sarasin. “What’s more, its new projections should indicate that the fight against inflation will be more painful than previously acknowledged.” Market participants will face additional volatility on Friday from the quarterly expiry event known as triple witching, with contracts for stock index futures, stock index options and stock options all expiring, while re-balancing of major equity indexes also takes place. In Europe, the Stoxx 50 slumped 1.4%, headed for a 4th day of losses. The FTSE 100 is flat but outperforms peers, DAX lags, dropping 1.7%. Industrials, construction and autos are the worst-performing sectors as are mining stocks which as iron ore slid amid concerns over demand in China, while aluminum fell on the back of record Chinese output.  European mail and parcel delivery companies took a hit in the aftermath of the Fedex warning, led by Deutsche Post AG, down as much as 7.6%. The UK’s benchmark outperformed as the British pound sank to its weakest level against the dollar since 1985. All industry groups are in the red. Here are the biggest European movers: Jupiter Fund Management jumps as much as 4.2% after being upgraded to neutral at UBS. Separately, the FT reported that the new CEO will restructure the company after an operational review Krones rises as much as 1.6% on Friday, with Baader Helvea saying the company showed “huge confidence” during recent capital markets day at the Drinktec trade fair in Munich Ariston shares soar as much as 11%, the most intraday since March 14, after the company agreed to buy 100% of Centrotec Climate Systems for EU703m in cash and ~41.42m Ariston shares Capita shares rise as much as 9.3% amid a contract extension with Barnet Council and the sale of subsidiary Pay360 for GBP150 million to Access PaySuite UK and EU real estate shares slip after both Goldman Sachs and JPMorgan published bearish reviews of the sector. Land Securities falls as much as 5.1% in London after being cut to sell at Goldman European mail and parcel delivery companies take a hit, led by Deutsche Post, down to July 2020 lows, after US peer FedEx withdrew its earnings forecast on worsening business conditions Mining stocks are among the biggest underperformers in Europe on Friday as iron ore slid amid concerns over demand in China, while aluminum fell on the back of record Chinese output Telecom Italia shares drop to a record low after Barclays cut the carrier to underweight from equal-weight, citing a more complex investment case amid political uncertainties in Italy Uniper plunges to its lowest level on record, with shares down as much as 16%, after people familiar with the matter said Germany is in advanced talks to take it over Virbac falls as much as 10% after the French veterinary-products company reported 1H results that showed inflation is weighing on profit margins Earlier in the session, Asian stocks headed for a fifth-straight weekly decline as markets remained volatile ahead of the Federal Reserve’s interest-rate decision next week, with the Xi-Putin meeting adding renewed geopolitical concerns. Stocks slumped in Japan, Hong Kong and mainland China, with little impact on sentiment from Chinese industrial-production and retail-sales data that beat expectations. The MSCI Asia Pacific Index fell as much as 1.3% on Friday, following weakness in US shares, led by technology and consumer discretionary stocks. China’s CSI 300 Index slumped the most in more than four months as the yuan weakened past 7 per dollar, offsetting upbeat August economic data, with the government ramping up stimulus to counter a slowdown.  Russia’s President Vladimir Putin met with Chinese leader Xi Jinping for the first time since the war in Ukraine began, underscoring increasing risks as Beijing continues to show support for Moscow. The Covid-Zero policy in China, a property crisis and the outcome of a US audit inspection will “keep the market in a relatively volatile state,” Laura Wang, chief China equity strategist at Morgan Stanley, said in a Bloomberg TV interview. The brokerage expects earnings growth for mainland companies “to decline to around mid-single digit” from Covid resurgence and lockdowns. India and Australia were among the region’s worst performers. Losses accelerated in afternoon trading as the dollar strengthened. Asian equities suffered a tumultuous week, falling more than 2% as risk assets took a hit from faster-than-expected US inflation, which fueled expectations for more aggressive monetary tightening by the Fed. A strong dollar and higher Treasury yields added to the headwinds. The regional stock benchmark is edging toward its lowest close since May 2020. Japanese stocks declined as concerns of a potential global economic slowdown and higher US interest rates damped demand for risk.  The Topix fell 0.6% to 1,938.56 as of the market close in Tokyo, while the Nikkei 225 declined 1.1% to 27,567.65. Keyence Corp. contributed the most to the Topix’s loss, decreasing 3.8%. Out of 2,169 stocks in the index, 589 rose and 1,501 fell, while 79 were unchanged. “The US interest rate hike will probably be 0.75 point, but there is still a strong sense of uncertainty about future hikes,” said Takeru Ogihara, a chief strategist at Asset Management One.  Summers Expects Fed to Raise Rates Above 4.3% to Curb Inflation The index for developing-nation equities fell to its lowest level in more than two years on Friday. A three-day slide has shaved $422 billion off MSCI’s EM stock index. The gauge fell as much as 1.5%, led by health care stocks. The EM equity gauge is down 5.5% this quarter, on track for a fifth consecutive drop, a record since Bloomberg began monitoring the data. In FX, the Bloomberg Dollar Spot Index rose as the greenback strengthened against all of its Group-of-10 peers apart from the yen which is marginally up, trading at the 143/USD level. Pound at 1.13/USD, the lowest since 1985, underperforming G-10 peers. The euro fell a first day in three, trading once again below parity against the dollar. Bunds, Italian bonds slid, putting their 10-year yields on course to climb for a seventh week as traders continued to amp up ECB tightening bets, pricing as much as 200bps of rate hikes by July.  The euro volatility skew shifts higher this week and especially on longer tenors, suggesting that bearish sentiment wanes. This seems to be down to demand for topside strikes and not unwinding of shorts given move in the tails The pound was the worst G-10 performer and fell below $1.14 for the first time since 1985. UK retail sales fell at the sharpest pace in eight months in August as a worsening cost-of-living crisis and plunging confidence forced consumers to cut back on spending. The 1.6% drop was more than three times the decline predicted by economists. Monday is a national bank holiday in the UK The Australian dollar tumbled to the lowest level since the early days of the Covid pandemic as risk aversion swept across markets. Three-year yield touched as high as 3.44% after National Bank of Australia raised its forecast to a 50bps hike in October. Reserve Bank of Australia Governor Philip Lowe said a few hikes would be needed to tame inflation, though the case for outsized interest-rate increases has “diminished” now that the cash rate is approaching “more normal settings” Japan’s longer-maturity bonds extended declines after Thursday’s weak 20-year auction. Japanese markets will be shut Monday and Friday next week for national holidays Meanwhile, the offshore yuan remained on the weaker side of 7 to the dollar, even as the People’s Bank of China set the reference rate for the currency stronger-than-forecast for a 17th straight day. “While China activity showed some improvement this morning, equity investors really want to see substantial easing in China’s policies related to Covid to turn a bit more constructive,” said Chetan Seth, Asia-Pacific equity strategist at Nomura Holdings Inc. in Singapore. “That has not happened.” In rates, the 10Y Treasury yield up 3bps to around 3.47%, gilts 10-year yield is flat at 3.16%, while bunds 10-year is also up 0.2bps at 1.79%. Treasuries remained lower after a bund-led selloff during European morning, with losses led by front-end of the curve as 2-year yields exceed Thursday’s highs, peaking near 3.92%. Further out, 5s30s breached Thursday’s low (reaching -21.1bp) to reach most inverted level since 2000. Yields are cheaper by more than 3bp across front-end of the curve with 2s10s spread flatter by ~2bp on the day; 10-year yields around 3.47%, trading broadly in line with bunds while gilts outperform by 2.5bp in the sector. US curve flattening persists as Fed rate expectations continue to grind higher; OIS markets price in a peak policy rate of around 4.5% for March 2023 In commodities, WTI and Brent are oscillating around the unchanged mark with the complex initially under pressure from the overall risk aversion. Kazakhstan energy ministry expects to stick to its oil production plans of 85.5mln tonnes this year; says Kashagan oilfield will resume output "in October at best." Spot gold is flat after the yellow metal took out the 2021 low (USD 1,676/oz) yesterday with clean air seen below until the COVID low of USD 1,450/oz. Bitcoin is flat around USD 19,750 whilst Ethereum remains pressured under USD 1,500. To the day ahead now, and data releases from the US include the University of Michigan’s preliminary consumer sentiment index for September, as well as UK retail sales for August. Meanwhile from central banks, we’ll hear from ECB’s President Lagarde, as well as the ECB’s Rehn and Villeroy. Market Snapshot S&P 500 futures down 1.0% to 3,863.75 STOXX Europe 600 down 1.2% to 409.92 MXAP down 1.3% to 150.15 MXAPJ down 1.6% to 490.96 Nikkei down 1.1% to 27,567.65 Topix down 0.6% to 1,938.56 Hang Seng Index down 0.9% to 18,761.69 Shanghai Composite down 2.3% to 3,126.40 Sensex down 1.8% to 58,881.76 Australia S&P/ASX 200 down 1.5% to 6,739.08 Kospi down 0.8% to 2,382.78 German 10Y yield little changed at 1.78% Euro down 0.4% to $0.9961 Gold spot down 0.5% to $1,656.63 U.S. Dollar Index up 0.34% to 110.11 Top Overnight News from Bloomberg A surging dollar is now the only possible hedge for what’s turning into the biggest destruction of shareholder value since the global financial crisis “The growing risk of recession in the euro area and the steadily increasing labor participation rate might also be factors that have kept wages in check,” European Central Bank Governing Council member Olli Rehn said in Helsinki “The slowdown of the economy is not going to ‘take care’ of inflation on its own,” European Central Bank Vice President Luis de Guindos tells Expresso newspaper in an interview. “We need to continue the normalization of monetary policy” The French inflation rate will peak between now and the beginning of next year near the current level, “around 6% or a little more,” Bank of France Governor Francois Villeroy de Galhau said A shortage of high-quality assets in the euro area is keeping a lid on short- term borrowing costs, a development that could endanger the ECB’s effort to tighten financial conditions Global equity funds saw inflows driven by US stocks in the week to Sept. 14, according to a Bank of America note, citing EPFR Global data China has ample monetary policy room and abundant policy tools, PBOC’s monetary policy department writes in an article that reviews the country’s monetary policies in the past five years China’s economy showed signs of recovery in August. Industrial production, retail sales and fixed-asset investment all grew faster than economists expected last month. The urban jobless rate slid to 5.3%, while the youth unemployment rate fell from a record high Japan’s increasingly incongruous policy stance aimed at securing both stable growth and inflation is adding to the likelihood of further yen losses, even as officials warn of possible intervention India’s sovereign bonds are defying a worldwide rout, as banks and foreign funds rushed to buy the high-yielding debt in anticipation that they will be included in global indexes Germany is taking control of Russian oil major Rosneft PJSC’s German oil refineries and is nearing a decision to take over Uniper SE and two other large gas importers as it tries to avoid a collapse of its energy industry A more detailed look at global markets courtesy of Newsquawk Asia stocks fell despite better-than-expected Chinese activity data as the region took its cue from the losses in the US after mixed data and as markets continued to adjust to a more aggressive Fed rate path. ASX 200 was pressured as energy and miners led the broad retreat after recent losses in commodity prices. Nikkei 225 suffered from the downbeat mood and with the 10yr JGB yield stuck at the top of the BoJ’s target. Hang Seng and Shanghai Comp conformed to the risk aversion with the latest Industrial Production and Retail Sales data failing to spur risk appetite despite both surpassing estimates. Top Asian News Chinese NBS said China is to coordinate economic development and COVID control, while it added that the economy continued a recovery trend in August and some factors exceeded expectations but also noted that the recovery in domestic demand still lags behind the recovery in production and that the property market faces downward pressure despite some positive changes. China's stats bureau also commented that the economy was affected by COVID flare-ups in August but the flare-ups impact was limited and that policies to stabilise growth are gaining traction although noted that China's economy faces more difficulties this year than in 2020. Chinese President Xi says China's economy remains resilient and full of potential Japanese Finance Minister Suzuki reiterated it is important for FX to move stably reflecting economic fundamentals and that sharp FX moves are undesirable, while he is concerned about sharp, one-sided JPY weakening and they will take necessary action without ruling out any options if sharp yen moves persist. Japan is to use JPY 3.5tln in reserve funds for economic measures, according to Kyodo News RBA Governor Lowe said the RBA is committed to returning inflation to the 2-3% target range over time and is seeking to do this in a way that keeps the economy on an even keel, while the Board expects further increases will be required to bring inflation back to target but they are not on a pre-set path. Lowe stated that with inflation as high as it is, they need to make sure that inflation returns to target in a reasonable time and will do what is necessary to make sure that higher inflation does not become entrenched. Furthermore, Lowe said at some point will not need to hike by 50bps and they are getting closer to that point, while they will consider hiking by 25bps or 50bps at the next meeting but also stated that rates are still too low right now. South Korean President Yoon and US President Biden are expected to discuss currency swap during a summit, according to Yonhap. South Korean Parliament Speaker Kim says need to promptly advance South Korean and Chinese trade negotiations Euro-bourses see the deepest losses whilst the FTSE 100 is cushioned by the slide in the Pound. European sectors are all lower and portray a clear defensive bias, with Healthcare at the top of the bunch. Stateside, US equity futures have been trundling lower with the NQ underperforming vs the ES, YM and RTY. Top European News No Movies. No McDonald’s. Britain Shuts for Queen’s Funeral WHO Panel Advises Against GSK, Regeneron Drugs for Covid AstraZeneca Gets Nod From EU for Evusheld and Respiratory Drug Telecom Italia Falls to Record Low Amid Barclays Downgrade Uniper Plunges to Lowest Level Ever on Nationalization Reports Cold War Relic Threatens Plans to Ditch Russian Oil FX GBP extended losses in wake of significantly weaker than forecast ONS retail sales data, with Cable sliding to the lowest level since 1985. DXY reclaimed 110.00-status as Sterling continued sliding, and now oscillates around the round figure. JPY stands as the outperformer, as USD/JPY hold within yesterday’s extremes amid the risk aversion and recent verbal jawboning. Chinese FX regulator says it is hard to predict short-term volatility in exchange rate, and urges companies not to bet on the exchange rate, according to state media South Korean Authorities are reportedly suspected of "smoothing operations" in USD/KRW trading, according to Reuters citing South Korean FX dealers. Fixed Income Bunds have staved off pressure on 142.00 within a 142.15-143.04 range. Gilts traded above par briefly between 104.93-105.50 extremes (+17 ticks at one stage). 10yr T-note is almost flat ahead of preliminary Michigan sentiment which will be watched closely for inflation expectations. Commodities WTI and Brent are oscillating around the unchanged mark with the complex initially under pressure from the overall risk aversion. Kazakhstan energy ministry expects to stick to its oil production plans of 85.5mln tonnes this year; says Kashagan oilfield will resume output "in October at best" Spot gold is flat after the yellow metal took out the 2021 low (USD 1,676/oz) yesterday with clean air seen below until the COVID low of USD 1,450/oz. Base metals meanwhile are softer across the board as the Dollar remains firm, but LME nickel bucks the trend with reports via Bloomberg also suggesting LME is being sued by hedge funds, including AQR, in the London High Court US Event Calendar 10:00: Sept. U. of Mich. Sentiment, est. 60.0, prior 58.2 10:00: Sept. U. of Mich. Current Conditions, est. 59.4, prior 58.6 10:00: Sept. U. of Mich. Expectations, est. 59.0, prior 58.0 10:00: Sept. U. of Mich. 1 Yr Inflation, est. 4.6%, prior 4.8% 10:00: Sept. U. of Mich. 5-10 Yr Inflation, est. 2.8%, prior 2.9% 16:00: July Total Net TIC Flows, prior $22.1b 16:00: July Net Foreign Security Purchases, prior $121.8b DB's Jim Reid concludes the overnight wrap Two weeks after coping with a manic birthday party for two manic 5 year old twins, we repeat the whole thing this weekend as my daughter Maisie turns 7 today and has a OTT Harry Potter themed party tomorrow at our house. I have a costume which I'm hoping will be cooler than the 10ft giant inflatable diplodocus outfit I had for the twins’ party. If you don’t believe me photos are available. Many people have kindly asked how Maisie is after being diagnosed with a rare hip disease called Perthes over 12 months ago. The answer is she is coping well but still needs to be in a wheelchair until the doctors see any sign that the hip ball is regrowing. We’re crossing our fingers that there might be signs at the next scan in December. At the moment it’s still slowly disintegrating. She’s had great news this week as she’s got accepted at a very young age into a prestigious artistic swimming club. Because of her regular rehab in the pool, and a natural talent even before her condition became apparent, she is phenomenal in the water. She is a stage 7 swimmer which on average is for around 10/11 year olds and used to love gymnastics before her incapacitation. So for a sport that I’ve perhaps always previously seen as one of my least favourite, I’m now a synchronised swimming convert ahead of her first session this Sunday. I suspect I'll stick to golf for myself though and won't be buying the nose peg. It was another synchronised sell off for both bonds and equities yesterday as investors moved to price in yet more rate hikes from central banks, raising market fears about a hard landing ahead. Those moves were prompted by a decent batch of US employment data, which added to the sense that the Fed could afford to keep hiking rates for the time being. But the prospect of more aggressive rate hikes proved bad news for equities, with the S&P 500 (-1.13%), its lowest level since July, more than reversing the previous day’s partial rebound that followed its worst daily performance for two years on Tuesday. In the meantime, sovereign bonds embarked on a further selloff and multiple recessionary indicators were flashing with increasing alarm, including the 2s30s Treasury yield curve that by the close was more inverted than at any time since 2000. Before we get onto the details however, we should point out that DB’s US economists, led by Matt Luzzetti, have also revised their expectations for the Fed funds rate following the latest inflation data, and now see the terminal rate some way beyond market pricing at 4.9% in Q1 2023 (link here). Matt has been consistently the highest on the street for economists in recent months and this upgrade is now closer to the 5-6% range that David Folkerts-Landau, Peter Hooper and I said was necessary to tame inflation in our “What’s in the tails?” note (link here) back in April. Today’s UoM inflation expectations series is going to be the last important release before next week’s FOMC, especially after this week’s messy CPI data. Year-ahead inflation expectations have been edging down of late but the upside surprise in June a few hours after a blockbuster CPI beat cemented the last minute 75bps hike. With +80.5bps priced in next week, it will be interesting to see if the expectations data move pricing any closer to 75 or 100bps, and if not, whether the Fed tries to influence pricing with a leak so the meeting isn't as “live”, or if they feel comfortable heading into the meeting with some split probability priced. While we're on the revision path, a reminder that our 10yr Bund forecast was upgraded to 2.25% late on Wednesday. See here for more. Against this rates higher backdrop, markets were revising their expectations in a hawkish direction following strong labour market data. In particular, the US weekly initial jobless claims for the week ending September 10 fell for a 5th consecutive week to 213k (vs. 227k expected), and the previous week was also revised down by -4k. The release added to the sense that the recent economic resilience over the late summer was proving to be more than just one data point, and it’s worth noting that the 213k reading was the lowest since May. Piling on, retail sales MoM increased 0.3% versus -0.1% expectations. As with most things macro related lately, there is a flipside, however. The core retail sales figure fell -0.3% versus expectations it would be flat, while the control group, which has outsize influence in GDP consumption tabulations, was flat MoM, versus expectations of a 0.5% expansion. Indeed, the Atlanta Fed’s GDPNow tracker downgraded 3Q GDP estimates to 0.5% from 1.3% following the print. Recession talk will only bubble up with more with revisions like that. But overall a messy set of data yesterday. The recent inflation surprises has proven bad news for risk assets since it’s seen as giving the Fed the green light for faster rate hikes. In response, the terminal rate priced in for March 2023 rose +7.8bps yesterday to 4.46%, and that in turn led to another selloff for Treasuries. By the close, the 2yr yield was up +7.7bps to its highest level since the GFC, whilst the 10yr yield rose +4.5bps to 3.45%. In Asia the 2yr yield is up another couple of bps, with 10yr yields flat, further inverting the 2s10s curve to -44.5 bps as we go to press. Higher real yields were behind the latest moves, with the 10yr real yield crossing 1.0%, hitting a post-2018 high. And in Europe it was much the same story, with yields on 10yr bunds (+5.3bps), OATs (+3.6bps) and BTPs (+5.7bps) all moving higher as well. Yesterday’s losses were spread across multiple asset classes, and equities took a tumble given those fears about faster rate hikes. The S&P 500 shed -1.13% as part of a broad-based decline, and the impact of higher interest rates was evident from the sectoral breakdowns, as tech stocks including the NASDAQ (-1.43%) struggled, whereas the banks in the S&P 500 advanced +1.54%. Europe experienced a similar pattern, with the STOXX 600 (-0.56%) losing ground for a third day running, in contrast to the STOXX Banks index (+1.98%) which hit a three-month high. One more positive piece of news on the inflation side was that a deal was reached to avert an upcoming US rail strike, which would have had a significant impact on supply chains had that gone ahead. A sign of its potential impact was that even the White House was involved, with President Biden joining the meeting virtually on Wednesday evening. The news helped a number of key commodities to fall back in price, including US natural gas futures which ended the day -8.67% lower, whilst WTI oil was also down -3.82% at $85.10/bbl. Asian equity markets are weaker again this morning, heading for a fifth consecutive weekly drop amid further weakness in US equities overnight. As I type, the CSI (-1.13%) and the Shanghai Composite (-0.97%) are trading in negative territory with stronger than expected economic data failing to boost risk sentiment. Elsewhere, the Nikkei (-1.08%), Kospi (-1.03%) and the Hang Seng (-0.55%) are also sliding. Looking ahead, stock futures in the DM world are pointing to additional losses with contracts on the S&P 500 (-0.71%), NASDAQ 100 (-0.88%) and DAX (-0.70%) all moving lower. We have early morning data from China with retail sales standing out as it jumped +5.4% y/y in August (v/s +3.3% expected), up from +2.7% in July. The uptick in retail sales was primarily visible in the restaurant/catering sectors, an industry typically sensitive to lockdowns. Other activity series showed that industrial production grew +4.2% y/y in August, which is an improvement from July’s +3.8% increase. Also, fixed asset investment for the first eight months of the year rose by +5.8%, above the +5.5% increase forecast. However, there were some disappointing signs elsewhere as new home prices slid for the 12th consecutive month, falling -0.29% m/m in August against a -0.11% decline previously, indicating that the recently rolled-out measures failed to revive demand. Staying on China, the People’s Bank of China (PBOC) continued its currency defense after the yuan weakened past the key level of 7 per US dollar for the first time in two years amid the relentless dollar rally. The central bank for the 17th straight day intervened while fixing the yuan 456 pips stronger than the average Bloomberg estimate to help prevent the currency’s slide. Back to wrapping up the rest of yesterday’s data, US industrial production was down -0.2% in August (vs. unch expected), and the Philadelphia Fed’s business outlook for September fell to -9.9 (vs. 2.3 expected). However, the Empire State manufacturing survey for September rose to -1.5 (vs. -12.9 expected), rebounding from its worst month since the Covid pandemic. To the day ahead now, and data releases from the US include the University of Michigan’s preliminary consumer sentiment index for September, as well as UK retail sales for August. Meanwhile from central banks, we’ll hear from ECB’s President Lagarde, as well as the ECB’s Rehn and Villeroy. Tyler Durden Fri, 09/16/2022 - 08:03.....»»

Category: blogSource: zerohedgeSep 16th, 2022

5 Top-Ranked Tech Stocks With Solid Upside Potential to Buy Now

Here we present five tech stocks - SNPS, VSH, CDNS, PSTG and FTNT - which are poised to perform well in the rest of 2022 despite a volatile market. It’s been a volatility-packed year in the market so far. Year to date, the Dow Jones Industrial Average, Nasdaq Composite and S&P 500 have plunged 13.8%, 25.66% and 17.66%, respectively.September is historically known as the worst-performing month on Wall Street. Investors have been recognizing the increasing pessimism around the possibility of a recession, rising interest rates, soaring inflation, and log-jammed supply chains, which are dragging companies and the economy down despite a better-than-expected second-quarter 2022 earnings season.Nonetheless, each and every dip in the market will be a good opportunity to enter the same and tap gains from several tech stocks like Synopsys SNPS, Vishay Intertechnology, Inc. VSH, Cadence Design Systems Inc. CDNS, Pure Storage PSTG and Fortinet FTNT that have become highly attractive at their current valuation. Many of these stocks have a strong upside left for the rest of 2022, especially those offering hybrid-working tech, cloud services and cybersecurity solutions, which support work-from-home, online learning and remote health diagnosis.The rapid adoption of cloud computing along with the ongoing infusion of AI and machine learning as well as the accelerated deployment of 5G technology, autonomous & electric vehicles, AR/VR and wearables in healthcare, defense, retail and agriculture are major positives.Besides, rising demand for processors used in enterprise laptops and data center servers and increasing adoption of consumer electronics, industrial tools & equipment, and networking & communication products have been contributing well to global semiconductor sales, which increased 13.3% year over year to $152.5 billion in the second quarter of 2022, per The Semiconductor Industry Association (SIA) report.Here, we have selected five tech stocks that are well-poised to grow in the rest of 2022, driven by their strong fundamentals. These stocks also have the favorable combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Per Zacks’ proprietary methodology, stocks with such a favorable combination offer solid investment opportunities.Our PicksPure Storage is benefiting from robust demand in the data-driven markets of artificial intelligence, machine learning, the Internet of Things, real-time analytics, log analytics and simulation. Recent collaborations with Snowflake, Kyndryl, and AWS are likely to expand its technology portfolio. The rapid migration to remote/hybrid work setup due to the COVID-19 crisis is likely to drive the adoption of Pure Storage’s hybrid multi-cloud offerings and cloud data services in the near term.Continued momentum in its subscription services, namely Pure as-a-Service subscription (includes Cloud Block Store), Portworx and Evergreen Storage, is expected to boost Pure Storage’s performance in the rest of 2022.This Zacks Rank 1 stock has a Growth Score of A. The Zacks Consensus Estimate for 2022 earnings has moved upward to $1 per share over the past 30 days.Pure Storage, Inc. Price and Consensus Pure Storage, Inc. price-consensus-chart | Pure Storage, Inc. QuoteCadence Design Systems Inc. offers products and tools that help customers to design electronic products. Frequent product launches and synergies from acquisitions are expected to help the company sustain top-line growth. The company’s Palladium and Protium platform is gaining traction among clients in the hyperscale, AI/ML and server customers.In the second quarter, the company announced an agreement to acquire OpenEye Scientific Software for about $500 million in cash. The deal is expected to close in the third quarter of 2022. The company wants to expand its reach in the molecular modeling and simulation market as pharmaceutical and biotechnology companies leverage computational software solutions for drug discovery.This Zacks Rank 1 stock has a Growth Score of A. The Zacks Consensus Estimate for 2022 earnings has remained steady at $4.11 per share over the past 30 days.Cadence Design Systems, Inc. Price and Consensus Cadence Design Systems, Inc. price-consensus-chart | Cadence Design Systems, Inc. QuoteFortinet is benefiting from rising demand for security and networking products amid the coronavirus crisis as a huge global workforce is working remotely. It is also benefiting from robust growth in Fortinet Security Fabric, cloud and Software-defined Wide Area Network (SD-WAN) offerings. Moreover, continued deal wins, especially those of high value, are a key driver. Higher IT spending on cybersecurity is further expected to aid Fortinet to grow faster than the security market. Also, the company’s focus on enhancing its unified threat management (UTM) portfolio through product development and acquisitions is a tailwind for Fortinet.This Zacks Rank 2 stock has a Growth Score of A. The Zacks Consensus Estimate for 2022 earnings has been revised upward to $1.05 per share over the past 30 days.Fortinet, Inc. Price and Consensus Fortinet, Inc. price-consensus-chart | Fortinet, Inc. QuoteVishay Intertechnology, Inc. is well-positioned to capitalize on the growing proliferation of applications related to passive electronic component devices and the increasing demand for sophisticated electronic component designs. Further, its expanding inductor portfolio will likely benefit from the emerging need for conservation of energy in the form of a magnetic field, especially in industries like power, automotive, consumer electronics, military and defense, and RF and telecommunication.The company is leaving no stone unturned to expand the passive electronic components portfolio by focusing on inductor offerings. The unveiling of IHSR-6767GZ-5A, an automotive grade inductor with shielded and composite construction, by the company is a testament to the same.This Zacks Rank 2 stock has a Growth Score of B. The Zacks Consensus Estimate for 2022 earnings has moved up to $2.96 per share over the past 30 days.Vishay Intertechnology, Inc. Price and Consensus Vishay Intertechnology, Inc. price-consensus-chart | Vishay Intertechnology, Inc. QuoteSynopsys is a vendor of electronic design automation (EDA) software for the semiconductor and electronics industries. The company is benefiting from strong design wins owing to a robust product portfolio. Relationships with companies such as Advanced Micro Devices, Juniper Networks, Realtek, Teradici, NetLogic Microsystems, Toshiba and Wolfson stand as evidence.Growth in the work-and-learn-from-home trend is driving demand for bandwidth. Moreover, strong traction for Synopsys’ Fusion Compiler product boosted the top line. Growing demand for advanced technology, design, IP and security solutions is also creating solid prospects. Moreover, the rising impact of artificial intelligence, 5G, the Internet of Things and big data is driving investments in new compute and machine learning architectures.This Zacks Rank 2 stock has a Growth Score of B. The Zacks Consensus Estimate for fiscal 2022 earnings has increased 4.4% to $8.84 per share over the past 30 days.Synopsys, Inc. Price and Consensus Synopsys, Inc. price-consensus-chart | Synopsys, Inc. Quote 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Synopsys, Inc. (SNPS): Free Stock Analysis Report Cadence Design Systems, Inc. (CDNS): Free Stock Analysis Report Fortinet, Inc. (FTNT): Free Stock Analysis Report Vishay Intertechnology, Inc. (VSH): Free Stock Analysis Report Pure Storage, Inc. (PSTG): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 6th, 2022

Baxter (BAX) Novum IQ SYR"s FDA Clearance Boosts Patient Care

Latest regulatory approval for Baxter's (BAX) Novum IQ SYR is expected to provide safe and accurate infusions for vulnerable patients. Baxter International Inc. BAX recently announced the receipt of the FDA’s 510(k) clearance for its new Novum IQ syringe infusion pump (SYR) with Dose IQ Safety Software. The Novum IQ SYR is capable of fully integrating with hospital electronic medical records via Baxter’s IQ Enterprise Connectivity Suite.Baxter’s Novum IQ platform, which currently includes the Novum IQ SYR, Dose IQ Safety Software and IQ Enterprise Connectivity Suite, was designed to be forward-looking, as Baxter plans to expand the platform via continued product development and additional regulatory submissions.It is worth mentioning that the Novum IQ large volume pump (LVP), another key part of the platform, is currently available in Canada. However, the FDA’s 510(k) clearance for the Novum IQ LVP in the United States is currently pending. Baxter expects to introduce the Novum IQ platform in the global markets to continue delivering a strong and streamlined experience for customers, subject to the receipt of necessary approvals.The latest regulatory approval for Baxter’s Novum IQ SYR is expected to further solidify its foothold in the global infusion therapy space.Significance of the ClearanceSyringe infusion pumps are generally used to accurately deliver small amounts of fluid at low rates, often in pediatric, neonatal or anesthesia care settings. The Novum IQ SYR delivers a technologically integrated user experience with enhanced safety features, advanced connectivity, configurable anesthesia care settings and a robust portfolio of sets designed to help deliver optimum accuracy. Its user interface incorporates features like guided syringe loading, among others.The Novum IQ SYR uses intuitive technologies that have been built to aid in reducing infusion errors and was designed to satisfy FDA guidelines for infusion devices, including cybersecurity.Per management, the Novum IQ syringe infusion pump, Dose IQ Safety Software and IQ Enterprise Connectivity Suite will likely advance the interoperability and data insights needed to help prevent harm and customize therapy for patients, including neonates and other vulnerable patients.Industry ProspectsPer a report by Future Market Insights, the global infusion pumps market was valued at $4.4 billion in 2022 and is anticipated to reach $6.6 billion by 2030 at a CAGR of 5%. Factors like increasing demand for ambulatory infusion pumps and the growing adoption of specialty infusion systems to minimize infusion errors are expected to drive the market.Given the market potential, the recent FDA’s approval is likely to provide a significant boost to Baxter’s Medication Delivery business globally.Notable DevelopmentsIn July, Baxter announced its second-quarter 2022 results, wherein it recorded solid uptick in its overall top line as well as in Medication Delivery and Advanced Surgery product categories. The company’s performance in the Americas was also encouraging.In April, Baxter received the FDA’s 510(k) clearance for its ST Set used in continuous renal replacement therapy (CRRT). The system is expected to offer additional options to provide CRRT for patients in an acute care environment.Price PerformanceShares of the company have lost 32.6% in the past year compared with the industry’s 51.8% fall and the S&P 500's 14.4% decline.Image Source: Zacks Investment ResearchZacks Rank & Stocks to ConsiderCurrently, Baxter carries a Zacks Rank #4 (Sell).Some better-ranked stocks in the broader medical space are AMN Healthcare Services, Inc. AMN, ShockWave Medical, Inc. SWAV and McKesson Corporation MCK.AMN Healthcare, flaunting a Zacks Rank #1 (Strong Buy) at present, has an estimated long-term growth rate of 3.2%. AMN’s earnings surpassed the Zacks Consensus Estimate in all the trailing four quarters, the average beat being 15.7%.You can see the complete list of today’s Zacks #1 Rank stocks here.AMN Healthcare has lost 10.6% compared with the industry’s 38.5% fall in the past year.ShockWave Medical, sporting a Zacks Rank #1 at present, has an estimated growth rate of 33.1% for 2023. SWAV’s earnings surpassed estimates in all the trailing four quarters, the average beat being 180.1%.ShockWave Medical has gained 24% against the industry’s 33.9% fall over the past year.McKesson, carrying a Zacks Rank #2 (Buy) at present, has an estimated long-term growth rate of 9.9%. MCK’s earnings surpassed estimates in three of the trailing four quarters and missed the same in one, the average beat being 13%.McKesson has gained 77.1% against the industry’s 14.8% fall over the past year. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Baxter International Inc. (BAX): Free Stock Analysis Report McKesson Corporation (MCK): Free Stock Analysis Report AMN Healthcare Services Inc (AMN): Free Stock Analysis Report ShockWave Medical, Inc. (SWAV): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 6th, 2022

How Shopify monitors its employees on Slack

Shopify employees said the company is monitoring Slack conversations — and it's turning the once candid culture fearful and secretive. You're halfway through the week, readers. Reporting to you from Montana, I'm your host, Jordan Parker Erb.When corporate America was forced to shift to remote work during the pandemic, we all had a lot to learn. For me, it was learning how not to WFB (work from bed).For Shopify, however, the challenge has been building a transparent and genial culture while making sure employees are staying productive and focused online. So far, employees say, it hasn't gone well — and stories of the company surveilling workers on Slack are starting to emerge. Let's dive in.If this was forwarded to you, sign up here. Download Insider's app here.Rachel Mendelson/Insider1. Shopify employees say it's increasingly moderating Slack conversations. As the company has embraced remote work over the past two years, employees said Shopify has implemented measures to discourage negative and off-topic discussions of the company and its plans.Before the company transitioned to remote work, Shopify's culture was supported by typical tech-company perks, like free lunches, as well as some unique ones, like a yoga studio and a massage room.But now, as the company grapples with building a genial culture while keeping employees productive and focused online, some employees say its open communications have become restrained.Shopify even appointed "channel champions" — or volunteer employees — to keep channels focused on their stated purpose, with the intent to shut down conversations and even whole channels that became contentious. Inside Shopify's Slack monitoring.In other news:Richard Drew/AP2. Snap is planning layoffs. As first reported by the Verge, Snap plans to lay off 20% to 25% of its workforce, meaning roughly 1,200 to 1,500 people will lose their jobs. Workers have not been officially informed about the layoffs, but will find out more today, according to a person familiar with the situation. Get the full rundown here.3. Hundreds of Facebook contractors in the US are set to lose work. About 400 contractors doing content moderation for Facebook through Accenture are expected to lose their jobs as the company shifts to sourcing more out of Singapore. Inside the upcoming layoffs.4. The latest Twitter news: Elon Musk's legal team subpoenaed Twitter's ex-head of cybersecurity, Peiter Zatko, who filed an explosive whistleblower complaint against the company last week. Plus, Musk's lawyers told the company he now has fresh reasons to walk away from the $44 billion deal.5. VCs share the most promising climate-tech startups of 2022. We asked investors which startups are doing well this year, and they named 37 companies working on everything from improved toilets to gene-edited crops. Check out the 37 startups poised to take off this year.6. A Google worker accused the company of "creating an environment of fear" for employees who support Palestine. In a letter announcing her departure, the employee, who is Jewish, said Google retaliated against her and other workers who spoke out in support of Palestine. Here's what else the employee said. 7. A woman shares how she landed job offers at EY and Google right out of college. After earning a degree at UNC Chapel Hill, Caitlyn Kumi started at EY, and is now an associate product-marketing manager at Google. From utilizing social media to earning certifications, here are four steps she took to boost her résumé and confidence.8. Twitter considered a plan to compete with OnlyFans. The company reportedly shuttered the plan for an OnlyFans copy, citing the platform's growing problem with harmful sexual content. What we know about the axed plans.Odds and ends:Daniel Craig in "Glass Onion: A 'Knives Out' Mystery."Netflix9. Get ready: Netflix is releasing 43 original movies before the end of the year. The streamer just laid out its film slate for the rest of the year — and it's more than the number of films Hollywood studios are sending to theaters, combined. See which films are coming out soon.10. We explain how to track your music listening stats on Spotify. By connecting Last.fm to your Spotify account, you can analyze your listening history and see your top artists, albums, and more. How to connect Last.fm to your Spotify.What we're watching today:Okta, MongoDB, and others are reporting earnings. Keep up with earnings here.Keep updated with the latest tech news throughout your day by checking out The Refresh from Insider, a dynamic audio news brief from the Insider newsroom. Listen here.Curated by Jordan Parker Erb in New York. (Feedback or tips? Email jerb@insider.com or tweet @jordanparkererb.) Edited by Hallam Bullock (tweet @hallam_bullock) in London.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderAug 31st, 2022

Putin"s propagandists are promoting Breitbart"s Hunter Biden film, saying they hope it helps "bring our beloved Trump back into power"

Numerous Russian state television programs have broadcast the promotional trailer to "My Son Hunter" in its entirety, The Daily Beast reported. Russian President Vladimir Putin toasts during reception for military servicemen who took part in Syrian campaign on December 28, 2017 in Moscow, Russia.Mikhail Svetlov/Getty Images A right-wing film attacking Joe Biden and his son Hunter is getting attention on Kremlin TV. Numerous programs have broadcast the promotional trailer in its entirety, The Daily Beast reported. One host said she hopes the film will help in the US "to bring our beloved Trump back into power." Russian state media propagandists are aggressively promoting "My Son Hunter," a film attacking President Joe Biden and his son that will be distributed by the far-right Breitbart when it premeirs on September 7.Numerous Russian state television programs have broadcast the promotional trailer in its entirety, The Daily Beast reported. The trailer hints at drug abuse and allegations of illegal activity by Hunter Biden and attempts to draw connections to the president.There are also references to a laptop, allegedly belonging to Hunter Biden, that became the subject of a highly controversial New York Post story with several red flags that raised questions about its authenticity.One Russian state media show host who is also a deputy of Russia's State Duma, Evgeny Popov, said Republicans produced the "scandalous" film because "they got tired of waiting for justice," The Daily Beast reported. He suggested the film is intended to help them during the midterm elections, and called the laptop former President Donald Trump's "main 'trump card.'"Co-host Olga Skabeeva said, "We're waiting for the premiere and hoping for a big success in the United States, to bring our beloved Trump back into power."Another seven-minute segment on the state TV show Vesti at 20:00 included the promo and clips of Fox host Tucker Carlson and Sen. Ron Johnson, a Wisconsin Republican, accusing the FBI of "interfering in elections" by not investigating the laptop, The Daily Beast reported.Republicans are itching to ramp up investigations of Hunter if they win control of Congress in November. They hope to find wrongdoing they can link to the president ahead of the 2024 election, in case he chooses to run again.Breitbart says the film marks its expansion into film distribution. The trailer was released on Truth Social last week. Hunter Biden has previously disclosed a federal investigation into his taxes. No evidence has suggested that his work influenced Joe Biden's policy decisions.On Monday,Trump demanded reinstatement as president or "a new Election, immediately" after news that Facebook temporarily limited a controversial story about Hunter Biden's laptop in users' news feeds before the 2020 election.With the war in Ukraine raging on and the Biden administration firmly backing Kyiv as both sides experience heavy losses, the Kremlin's propagandists have ramped up rhetorical support for Trump — particularly in the wake of an FBI raid on his Florida home. Russian state news has parroted talking points of the far right in the US, baselessly presenting Trump as the victim of a politically motivated investigation. Like prominent figures on the far right, the Kremlin's mouthpieces have suggested that the raid could spark civil war in the US. In recent years, the national security community in the US has repeatedly warned that the Kremlin wants to sow divisions in the US."The Russians are trying to get us to tear ourselves apart," FBI Director Christopher Wray said during a cybersecurity conference in New York City last month, per the New York Times.The US intelligence community concluded that Russia interfered in the 2016 and 2020 elections to boost Trump's chances of winning, though it's underscored that none of these efforts altered final results. With midterms on the horizon, US intelligence agencies and congressional lawmakers continue to express concerns about Russian election interference. The Department of Homeland Security in June warned that Moscow will "probably" attempt to undermine the November elections as retribution for US support for Ukraine, according to a report obtained by CNN. "We expect Russian interference in the upcoming 2022 midterm elections, as Russia views this activity as an equitable response to perceived actions by Washington and an opportunity to both undermine US global standing and influence US decision-making," the report said.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderAug 30th, 2022

6 Reasons Why You Should Invest in Palo Alto (PANW) Stock Now

Palo Alto (PANW) is a stock that investors may consider adding to their portfolio amid the current stock market volatilities and gain from its upside potential. Palo Alto Networks PANW is a stock that investors should consider adding to their portfolio to shrug off the prevailing highly volatile market environment and make some gains from its upside potential.Since the beginning of 2022, Wall Street has been witnessing high volatility due to several ongoing economic issues, which include aggressive interest rate hikes by the Federal Reserve, the Russia-Ukraine war-led energy crisis, and persistent inflation since the last year. On top of tightening Fed policies, the outbreak of new coronavirus variants remains a key concern among investors.Such geopolitical uncertainties are likely to continue weighing on investors' sentiments, which might lead to higher volatility in the U.S. equity market. Year to date (YTD), the Dow Jones Industrial Average, Nasdaq Composite and S&P 500 have plunged 9.4%, 20.9% and 13.4%, respectively.In such a scenario, top-ranked stocks like Palo Alto can boost one's portfolio. Though the broader market sell-off has led to a fall in the company's share price YTD, the decline has been significantly lower than the major stock indexes as well as other players in the IT security space. Shares of PANW have decreased 2.3% YTD compared with the Zacks Security industry's decline of 14.8%. Palo Alto Networks, Inc. Price and Consensus Palo Alto Networks, Inc. price-consensus-chart | Palo Alto Networks, Inc. QuoteWhy is PANW an Attractive Pick?Trading Way Below 52-Week High: Palo Alto stock currently trades lower than its 52-week high, which reflects its potential to go upward. The stock’s closing price of $569.51 on Aug 23 is 11% lower than the 52-week high of $640.90 attained on Apr 20, 2022.Attractive Valuation: Palo Alto currently trades at an attractive valuation multiple. The stock trades at a one-year forward price-to-sales multiple of 8.31X compared with its five-year average of 12.33X.Solid Rank & Growth Score: Palo Alto currently has a Zacks Rank #2 (Buy) and a Growth Score of A. Our research shows that stocks with a Growth Score of A or B, when combined with a Zacks Rank #1 (Strong Buy) or 2, offer the best investment opportunities to investors. Thus, the company appears to be a compelling investment proposition at the moment.Positive Earnings Surprise History: PANW has an impressive earnings surprise history. The company outpaced estimates in each of the trailing four quarters, the average surprise being 5.5%.Strong Earnings Growth Potential: The Zacks Consensus Estimate of $9.26 per share for fiscal 2023 earnings suggests year-over-year growth of approximately 7.6%. The consensus mark for fiscal 2024 earnings stands at $11.43 per share, indicating a year-over-year surge of 9.3%. Moreover, the long-term expected earnings growth rate for the stock is pegged at 31.5%, better than the industry’s 14.2%.Robust Fundamental Growth Drivers: Palo Alto is benefiting from the increased adoption of its next-generation security platforms, driven by a rise in the remote working policy among top-notch companies. The cyber security firm continues to win back-to-back deals for offering unique cyber safety solutions, which ensure the blocking of attacks or malicious content. It is currently focusing on selling more subscription-based services which, in turn, is helping it to generate stable revenues while expanding margins.Palo Alto's subscription-based services like AutoFocus, Aperture, Traps, WildFire and Virtual are not only witnessing solid growth but also bolstering the customer base. We believe that the subscription-based business model will continue to improve the company’s top and bottom lines.This year, in May, the cybersecurity firm entered an agreement with Oracle Corporation's ORCL Oracle Cloud Infrastructure Network Firewall to integrate its VM-Series Next-Generation Firewall solution for blocking threats and reducing risk breaches.The Redwood City-based software provider, Oracle, currently carries a Zacks Rank #2. Shares of ORCL decreased 12.4% in the year to date.Growing traction in Palo Alto's Prisma and Cortex offerings continues to act as a tailwind. The company made strategic acquisitions to accelerate growth through the expansion of its product portfolio and global footprint. Its 2021 Bridgecrew buyout enabled Prisma Cloud to become the first cloud security platform to deliver security across the full application lifecycle. Likewise, PANW's The Crypsis Group buyout in 2020 strengthened its Cortex platform with expert services for incident response and proactive assurance. Such acquisitions are likely to boost the company’s revenue growth opportunities.Other Stocks to ConsiderSome other top-ranked stocks from the broader Computer and Technology sector are Clearfield CLFD and Silicon Laboratories SLAB, both flaunting a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here.The Zacks Consensus Estimate for Clearfield's fourth-quarter fiscal 2022 earnings has been revised 10 cents north to 80 cents per share over the past 30 days. For fiscal 2022, earnings estimates have moved 36 cents north to $3.13 per share in the past 30 days.Clearfield’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 33.9%. Shares of CLFD have increased 48.4% YTD.The Zacks Consensus Estimate for Silicon Laboratories’ third-quarter 2022 earnings has increased 22.9% to $1.02 per share over the past 30 days. For 2022, earnings estimates have moved 14.2% up to $4.18 per share in the past 30 days.Silicon Laboratories’ earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 63.6%. Shares of SLAB have decreased 35.2% YTD. Profiting from the Metaverse, The 3rd Internet Boom (Free Report): Get Zacks' special report revealing top profit plays for the internet's next evolution. Early investors still have time to get in near the "ground floor" of this $30 trillion opportunity. You'll discover 5 surprising stocks to help you cash in.Download the report FREE today >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Oracle Corporation (ORCL): Free Stock Analysis Report Silicon Laboratories, Inc. (SLAB): Free Stock Analysis Report Palo Alto Networks, Inc. (PANW): Free Stock Analysis Report Clearfield, Inc. (CLFD): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksAug 24th, 2022