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Research links: beta blues

Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at... ETFsOn the regulatory differences between an active ETF and index ETF. (alphaarchitect.com)Beware model portfolios from ETF providers. (evidenceinvestor.com)IndividualsThis research shows the typical glide path used by target-date funds is too conservative starting at the age of 50. (wsj.com)Investors are unable to distinguish alpha from beta. (alphaarchitect.com)Children leaving the house is not a financial boon you would think. (crr.bc.edu)ResearchWhy 52-week highs for a stock matter. (klementoninvesting.substack.com)In praise of the quality factor. (blogs.cfainstitute.org)How have zero-commissions affected overall trading costs? (evidenceinvestor.com)You can't invest in alternatives without taking into consideration liquidity needs. (alphaarchitect.com)Better-managed firms make better forecasts. (papers.ssrn.com)Do analysts discriminate against companies with black CEOs? (papers.ssrn.com).....»»

Category: blogSource: abnormalreturnsJan 13th, 2022

Research links: memory bias

Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at... ResearchIs the overnight effect the biggest anomaly hiding in plain sight? (elmwealth.com)How factors can be used in fixed income management. (mrzepczynski.blogspot.com)Don't use the CAPE ratio to time markets. (evidenceinvestor.com)When selecting mutual funds it matters more to avoid the worst funds than identifying the best. (alphaarchitect.com)Why public pension funds should adopt a one-size-fits-all portfolio or 'Universal Investment Portfolio.' (papers.ssrn.com)Are long/short strategies preferable to direct indexing when managing individual positions? (aqr.com)Comparing the performance of micro VCs and traditional VCs. (papers.ssrn.com)Robin Powell talks with Mario Klenzer and Gustav Tinghög about their research into who is at-risk of 'financial BS.' (youtube.com).....»»

Category: blogSource: abnormalreturnsJun 28th, 2022

How many Instagram followers you need to start getting paid

When can a content creator start making money on Instagram with brand deals, or affiliate marketing? We spoke with dozens of influencers to find out. Tomi Obebe is a micro influencer on Instagram.Tomi Obebe A couple thousand followers on Instagram qualifies some users as "influencers." But at what point — and with how many followers — can an influencer start making money? Insider has talked with dozens of influencers about when they started making money, how, and how much. With a few thousand followers on Instagram these days, it's easy to ask yourself: When can I start making money doing this?The good news is, there's no strict minimum. Three influencers Insider interviewed — all with under 3,000 Instagram followers — said they got paid by brands to post to their small audiences.For instance, Kayla Compton became a brand ambassador for jewelry company PuraVida with less than 2,000 followers, she told Insider last year. She said her starting sponsored-content package at the time was $250, and that she also got paid by sharing affiliate links or codes with her followers and earning a small commission.And now, it's easier than ever to share affiliate links on Instagram stories since the company rolled out access to link stickers to all accounts in October. Instagram is also directly paying some influencers through incentive programs like "Bonuses" for Reels, which requires at least 1,000 views on Reels (rather than a follower minimum). On the other hand, other Instagram monetization features like "Badges," Instagram's tipping tool for IG Live, require that creators have at least 10,000 followers. Many of these programs also are limited to certain countries, have an age minimum of 18, and require accounts to be registered as business or creator accounts on the app. While the doors have opened for many more creators on Instagram to start making a living, often they don't start making full-time incomes immediately (although a fair number of micro influencers with under 100,000 followers work full-time as influencers). Read more: 19 content creators share how they turned their social-media side hustles into full-time jobsToday, influencers no longer need hundreds of thousands of followers to start earning cash.Here are a few reasons why:"Nano" and "micro" influencers (typically accounts with fewer than 100,000 followers) are being hired by many brands across industries. These smaller influencers have demonstrated the power of niche and engaged communities on Instagram, where fake followers and disproportional engagement have flooded the platform. Influencers can earn hundreds to thousands of dollars from these deals. Meta-owned Instagram is opening its multi-billion-dollar wallet and paying some influencers, which it announced last year with a flashy $1 billion investment into content creators through 2022.Affiliate links are easier to share now than ever. Some affiliate programs do have their own requirements, however, such as LTK or ShopStyle. Instagram also is testing its own affiliate marketing program, which is available to a select number of creators at the moment. Influencers can get paid a commission on sales driven directly through Instagram. Bethany Everett-Ratcliffe, who's already enrolled and had 16,000 followers when Insider first interviewed her, earned more than $500 in one month. Check out: Leaked commission rates from September 2021 reveal how much brands in Instagram's affiliate marketing test like Sephora were paying influencersSo, how much money are these influencers making on Instagram?Insider interviewed over two dozen Instagrammers about how much money they make, with follower counts between 2,000 and just over 100,000. Here's a full breakdown of our coverage:From brand deals:Natasha Greene, a food and lifestyle creator with 137,000 Instagram followersMacy Mariano, a travel and fashion influencer with 102,000 followersJehava Brown, a travel and lifestyle influencer with 70,000 followersNick Cutsumpas, a plant influencer with 63,700 followersAshley Jones, a fashion and lifestyle influencer with 45,000 followersTomi Obebe, a lifestyle influencer with 40,000 followersEmma Cortes, a lifestyle influencer and podcast host with 47,000 followersBritney Turner, a lifestyle influencer with 27,000 followersCaitlin Patton, a lifestyle influencer with 22,000 followersMary Margaret Boudreaux, a fashion and lifestyle influencer with 20,000 followersGigi Kovach, a part-time lifestyle blogger and mom of two with 13,500 followersTyler Chanel, a sustainability influencer with 12,000 followersKhadijah Lacey-Taylor, a fashion and lifestyle influencer with 9,800 followersTess Barclay, a lifestyle blogger with 5,600 followersLaur DeMartino, a nano influencer and full-time college student with 5,200 followersJalyn Baiden, a skincare influencer with 4,000 followersJen Lauren, a part-time lifestyle influencer with 2,900 followersAmber Broder, a part-time skincare influencer and full-time college student with 2,300 followersKayla Compton, a lifestyle nano influencer with about 2,000 Instagram followersFrom Meta Platforms, including Instagram:Kelly Anne Smith, a personal finance influencer with 12,000 Instagram followers shares how much she earned from Bonuses in MarchJackson Weimer, a meme creator who got paid more than $6,000 for views on his Reels with 114,000 followersSeveral influencers reveal the different 'bonus' payments Instagram is offering, with some stretching up to $35,000From affiliate links:Bethany Everett-Ratcliffe, a lifestyle micro influencer with 16,000 followers, makes money using Instagram's native affiliate programVi Lai, a skincare influencer, uses Instagram and TikTok to make thousands of dollars per month using affiliate marketing4 Instagram influencers reveal what the platform's exclusive affiliate marketing beta test is like — and how much they're earningRead more: Instagram is abruptly shutting down its affiliate marketing bonuses, which used to pay up to $400 a monthRead the original article on Business Insider.....»»

Category: smallbizSource: nytJun 27th, 2022

Here Is Why Bargain Hunters Would Love Fast-paced Mover Virco Manufacturing Corporation (VIRC)

Virco Manufacturing Corporation (VIRC) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen. Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher."Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead of their future growth potential. In such a situation, investors find themselves loaded up on expensive shares with limited to no upside or even a downside. So, going all-in on momentum could be risky at times.It could be safer to invest in bargain stocks that have been witnessing price momentum recently. While the Zacks Momentum Style Score (part of the Zacks Style Scores system), which pays close attention to trends in a stock's price or earnings, is pretty useful in identifying great momentum stocks, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced.Virco Manufacturing Corporation (VIRC) is one of the several great candidates that made it through the screen. While there are numerous reasons why this stock is a great choice, here are the most vital ones:Investors' growing interest in a stock is reflected in its recent price increase. A price change of 29.6% over the past four weeks positions the stock of this company well in this regard.While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. VIRC meets this criterion too, as the stock gained 33.1% over the past 12 weeks.Moreover, the momentum for VIRC is fast paced, as the stock currently has a beta of 1.2. This indicates that the stock moves 20% higher than the market in either direction.Given this price performance, it is no surprise that VIRC has a Momentum Score of A, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success.In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped VIRC earn a Zacks Rank #2 (Buy). Our research shows that the momentum-effect is quite strong among Zacks Rank #1 and #2 stocks. That's because as covering analysts raise their earnings estimates for a stock, more and more investors take an interest in it, helping its price race to keep up. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Most importantly, despite possessing fast-paced momentum features, VIRC is trading at a reasonable valuation. In terms of Price-to-Sales ratio, which is considered as one of the best valuation metrics, the stock looks quite cheap now. VIRC is currently trading at 0.33 times its sales. In other words, investors need to pay only 33 cents for each dollar of sales.So, VIRC appears to have plenty of room to run, and that too at a fast pace.In addition to VIRC, there are several other stocks that currently pass through our 'Fast-Paced Momentum at a Bargain' screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies.Click here to sign up for a free trial to the Research Wizard today. Just Released: Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2022? From inception in 2012 through 2021, the Zacks Top 10 Stocks portfolios gained an impressive +1,001.2% versus the S&P 500’s +348.7%. Now our Director of Research has combed through 4,000 companies covered by the Zacks Rank and has handpicked the best 10 tickers to buy and hold. Don’t miss your chance to get in…because the sooner you do, the more upside you stand to grab.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Virco Manufacturing Corporation (VIRC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJun 27th, 2022

USA Truck (USAK) Shows Fast-paced Momentum But Is Still a Bargain Stock

USA Truck (USAK) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen. Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potential fails to justify their swelled-up valuation. In that phase, investors find themselves invested in shares that have limited to no upside or even a downside. So, betting on a stock just by looking at the traditional momentum parameters could be risky at times.It could be safer to invest in bargain stocks that have been witnessing price momentum recently. While the Zacks Momentum Style Score (part of the Zacks Style Scores system), which pays close attention to trends in a stock's price or earnings, is pretty useful in identifying great momentum stocks, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced.There are several stocks that currently pass through the screen and USA Truck (USAK) is one of them. Here are the key reasons why this stock is a great candidate.Investors' growing interest in a stock is reflected in its recent price increase. A price change of 92% over the past four weeks positions the stock of this truckload carrier well in this regard.While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. USAK meets this criterion too, as the stock gained 72.9% over the past 12 weeks.Moreover, the momentum for USAK is fast paced, as the stock currently has a beta of 1.9. This indicates that the stock moves 90% higher than the market in either direction.Given this price performance, it is no surprise that USAK has a Momentum Score of B, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success.In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped USAK earn a Zacks Rank #1 (Strong Buy). Our research shows that the momentum-effect is quite strong among Zacks Rank #1 and #2 stocks. That's because as covering analysts raise their earnings estimates for a stock, more and more investors take an interest in it, helping its price race to keep up. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Most importantly, despite possessing fast-paced momentum features, USAK is trading at a reasonable valuation. In terms of Price-to-Sales ratio, which is considered as one of the best valuation metrics, the stock looks quite cheap now. USAK is currently trading at 0.37 times its sales. In other words, investors need to pay only 37 cents for each dollar of sales.So, USAK appears to have plenty of room to run, and that too at a fast pace.In addition to USAK, there are several other stocks that currently pass through our 'Fast-Paced Momentum at a Bargain' screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies.Click here to sign up for a free trial to the Research Wizard today. Just Released: Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2022? From inception in 2012 through 2021, the Zacks Top 10 Stocks portfolios gained an impressive +1,001.2% versus the S&P 500’s +348.7%. Now our Director of Research has combed through 4,000 companies covered by the Zacks Rank and has handpicked the best 10 tickers to buy and hold. Don’t miss your chance to get in…because the sooner you do, the more upside you stand to grab.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report USA Truck, Inc. (USAK): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksJun 27th, 2022

Looking for a Fast-paced Momentum Stock at a Bargain? Consider Chico"s (CHS)

Chico's (CHS) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices. Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potential fails to justify their swelled-up valuation. In that phase, investors find themselves invested in shares that have limited to no upside or even a downside. So, betting on a stock just by looking at the traditional momentum parameters could be risky at times.It could be safer to invest in bargain stocks that have been witnessing price momentum recently. While the Zacks Momentum Style Score (part of the Zacks Style Scores system), which pays close attention to trends in a stock's price or earnings, is pretty useful in identifying great momentum stocks, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced.Chico's FAS (CHS) is one of the several great candidates that made it through the screen. While there are numerous reasons why this stock is a great choice, here are the most vital ones:Investors' growing interest in a stock is reflected in its recent price increase. A price change of 6.9% over the past four weeks positions the stock of this clothing chain well in this regard.While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. CHS meets this criterion too, as the stock gained 13% over the past 12 weeks.Moreover, the momentum for CHS is fast paced, as the stock currently has a beta of 1.33. This indicates that the stock moves 33% higher than the market in either direction.Given this price performance, it is no surprise that CHS has a Momentum Score of A, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success.In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped CHS earn a Zacks Rank #2 (Buy). Our research shows that the momentum-effect is quite strong among Zacks Rank #1 and #2 stocks. That's because as covering analysts raise their earnings estimates for a stock, more and more investors take an interest in it, helping its price race to keep up. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Most importantly, despite possessing fast-paced momentum features, CHS is trading at a reasonable valuation. In terms of Price-to-Sales ratio, which is considered as one of the best valuation metrics, the stock looks quite cheap now. CHS is currently trading at 0.35 times its sales. In other words, investors need to pay only 35 cents for each dollar of sales.So, CHS appears to have plenty of room to run, and that too at a fast pace.In addition to CHS, there are several other stocks that currently pass through our 'Fast-Paced Momentum at a Bargain' screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies.Click here to sign up for a free trial to the Research Wizard today. Just Released: Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2022? From inception in 2012 through 2021, the Zacks Top 10 Stocks portfolios gained an impressive +1,001.2% versus the S&P 500’s +348.7%. Now our Director of Research has combed through 4,000 companies covered by the Zacks Rank and has handpicked the best 10 tickers to buy and hold. Don’t miss your chance to get in…because the sooner you do, the more upside you stand to grab.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Chico's FAS, Inc. (CHS): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksJun 27th, 2022

Chefs" Warehouse (CHEF) Shows Fast-paced Momentum But Is Still a Bargain Stock

Chefs' Warehouse (CHEF) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices. Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher."Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potential fails to justify their swelled-up valuation. In that phase, investors find themselves invested in shares that have limited to no upside or even a downside. So, betting on a stock just by looking at the traditional momentum parameters could be risky at times.It could be safer to invest in bargain stocks that have been witnessing price momentum recently. While the Zacks Momentum Style Score (part of the Zacks Style Scores system), which pays close attention to trends in a stock's price or earnings, is pretty useful in identifying great momentum stocks, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced.There are several stocks that currently pass through the screen and Chefs' Warehouse (CHEF) is one of them. Here are the key reasons why this stock is a great candidate.Investors' growing interest in a stock is reflected in its recent price increase. A price change of 9% over the past four weeks positions the stock of this distributor of specialty food products well in this regard.While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. CHEF meets this criterion too, as the stock gained 16.9% over the past 12 weeks.Moreover, the momentum for CHEF is fast paced, as the stock currently has a beta of 2.01. This indicates that the stock moves 101% higher than the market in either direction.Given this price performance, it is no surprise that CHEF has a Momentum Score of A, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success.In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped CHEF earn a Zacks Rank #2 (Buy). Our research shows that the momentum-effect is quite strong among Zacks Rank #1 and #2 stocks. That's because as covering analysts raise their earnings estimates for a stock, more and more investors take an interest in it, helping its price race to keep up. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Most importantly, despite possessing fast-paced momentum features, CHEF is trading at a reasonable valuation. In terms of Price-to-Sales ratio, which is considered as one of the best valuation metrics, the stock looks quite cheap now. CHEF is currently trading at 0.75 times its sales. In other words, investors need to pay only 75 cents for each dollar of sales.So, CHEF appears to have plenty of room to run, and that too at a fast pace.In addition to CHEF, there are several other stocks that currently pass through our 'Fast-Paced Momentum at a Bargain' screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies.Click here to sign up for a free trial to the Research Wizard today. Just Released: Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2022? From inception in 2012 through 2021, the Zacks Top 10 Stocks portfolios gained an impressive +1,001.2% versus the S&P 500’s +348.7%. Now our Director of Research has combed through 4,000 companies covered by the Zacks Rank and has handpicked the best 10 tickers to buy and hold. Don’t miss your chance to get in…because the sooner you do, the more upside you stand to grab.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Chefs' Warehouse, Inc. (CHEF): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksJun 27th, 2022

Is Franklin U.S. Low Volatility H (LVHD) a Strong ETF Right Now?

Smart Beta ETF report for LVHD The Franklin U.S. Low Volatility H (LVHD) made its debut on 12/28/2015, and is a smart beta exchange traded fund that provides broad exposure to the Style Box - Large Cap Value category of the market.What Are Smart Beta ETFs?Market cap weighted indexes were created to reflect the market, or a specific segment of the market, and the ETF industry has traditionally been dominated by products based on this strategy.Market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns, and are a good option for investors who believe in market efficiency.There are some investors, though, who think it's possible to beat the market with great stock selection; this group likely invests in another class of funds known as smart beta, which track non-cap weighted strategies.These indexes attempt to select stocks that have better chances of risk-return performance, based on certain fundamental characteristics or a combination of such characteristics.While this space offers a number of choices to investors, including simplest equal-weighting, fundamental weighting and volatility/momentum based weighting methodologies, not all these strategies have been able to deliver superior results.Fund Sponsor & IndexThe fund is managed by Franklin Templeton Investments. LVHD has been able to amass assets over $589.68 million, making it one of the average sized ETFs in the Style Box - Large Cap Value. Before fees and expenses, LVHD seeks to match the performance of the QS Low Volatility High Dividend Index.The QS Low Volatility High Dividend Index provides stable income through investment in stocks of profitable U.S. companies with relatively high dividend yields, lower price and earnings volatility.Cost & Other ExpensesCost is an important factor in selecting the right ETF, and cheaper funds can significantly outperform their more expensive cousins if all other fundamentals are the same.Annual operating expenses for this ETF are 0.27%, making it on par with most peer products in the space.LVHD's 12-month trailing dividend yield is 2.79%.Sector Exposure and Top HoldingsMost ETFs are very transparent products, and disclose their holdings on a daily basis. ETFs also offer diversified exposure, which minimizes single stock risk, though it's still important for investors to research a fund's holdings.For LVHD, it has heaviest allocation in the Consumer Staples sector --about 25.70% of the portfolio --while Utilities and Industrials round out the top three.When you look at individual holdings, Lockheed Martin Corp (LMT) accounts for about 3.02% of the fund's total assets, followed by Johnson & Johnson (JNJ) and Cvs Health Corp (CVS).The top 10 holdings account for about 26.01% of total assets under management.Performance and RiskThe ETF has lost about -4.36% and is up about 6.99% so far this year and in the past one year (as of 06/27/2022), respectively. LVHD has traded between $35.76 and $41.12 during this last 52-week period.LVHD has a beta of 0.76 and standard deviation of 22.01% for the trailing three-year period. With about 92 holdings, it effectively diversifies company-specific risk.AlternativesFranklin U.S. Low Volatility H is a reasonable option for investors seeking to outperform the Style Box - Large Cap Value segment of the market. However, there are other ETFs in the space which investors could consider.IShares Russell 1000 Value ETF (IWD) tracks Russell 1000 Value Index and the Vanguard Value ETF (VTV) tracks CRSP U.S. Large Cap Value Index. IShares Russell 1000 Value ETF has $52.17 billion in assets, Vanguard Value ETF has $94.85 billion. IWD has an expense ratio of 0.19% and VTV charges 0.04%.Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - Large Cap Value.Bottom LineTo learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center. Want key ETF info delivered straight to your inbox? Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.Get it free >>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 Franklin U.S. Low Volatility H (LVHD): ETF Research Reports Lockheed Martin Corporation (LMT): Free Stock Analysis Report Johnson & Johnson (JNJ): Free Stock Analysis Report CVS Health Corporation (CVS): Free Stock Analysis Report Vanguard Value ETF (VTV): ETF Research Reports iShares Russell 1000 Value ETF (IWD): ETF Research Reports To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJun 27th, 2022

Podcast links: moral questions

Fridays are all about podcast links here at Abnormal Returns. You can check out last week’s links including a look at the... BusinessMeb Faber talks with Robin Goldstein and Daniel Summer authors of "Can Legal Weed Win?" (mebfaber.com)Derek Thompson talks with Scott Keyes about why air travel is so messed up right now. (theringer.com)VentureJosh Brown and Michael Batnick talk Web3 and VC with Howard Lindzon and Packy McCormick. (thereformedbroker.com)Tracy Alloway and Joe Weisenthal talk the state of venture with Tyler Tringas, founder of the Calm Fund. (bloomberg.com)FinanceFrederick Geischen talks fintech and more with Marc Rubinstein (neckar.substack.com)Jim O'Shaughnessy talks with Dave Chilton a Canadian author, investor, and a venture capitalist. (infiniteloopspodcast.com)Michael Covel talks with Jim Cullen author of "The Case for Long-Term Value Investing: A guide to the data and strategies that drive stock market success." (trendfollowing.com)Jason Buck talks with Eric Crittenden, Founder and Chief Investment Officer of Standpoint. (podcasts.apple.com)Long CovidEzra Klein talks with Dr. Lekshmi Santhosh about the state of research into long Covid. (nytimes.com)Andy Slavitt talks with Dr. Claire Steves and Benjamin Mazer about making sense of long Covid numbers. (podcasts.apple.com)BehaviorCameron Passmore and Benjamin Felix talk with Vanessa Bohns author of "You Have More Influence Than You Think: How We Underestimate Our Power of Persuasion, and Why It Matters." (rationalreminder.libsyn.com)Joe and OG talk with Vitaliy Katsenelson about his new book "The Soul of the Game." (stackingbenjamins.com)Brett McKay talks with Tasha Eurich author of "Insight: Why We’re Not as Self-Aware as We Think, and How Seeing Ourselves Clearly Helps Us Succeed at Work and in Life." (artofmanliness.com)Joe Sweeney talks Mellody Hobson, Co-CEO and President at Ariel Investments and Chair of the Board of Starbucks ($SBUX) about adapting better. (alliancefordecisioneducation.org)Dan Harris talks with Michael Schur author of "How to Be Perfect: The Correct Answer to Every Moral Question." (tenpercent.com).....»»

Category: blogSource: abnormalreturnsJun 24th, 2022

Live by-election updates: Boris Johnson should quit or be forced out, former Conservative leader says

The by-election results in Wakefield and Tiverton & Honiton are piling fresh pressure onto Boris Johnson, as voters turn from the Conservatives. A file photo of Oliver Dowden and Boris Johnson at the Conservative party conference.Ian Forsyth/Getty Images Former party leader Michael Howard has called on Boris Johnson to quit or be forced out. Tory MP Geoffrey Clifton-Brown said another leadership challenge could be triggered in weeks. Malcolm Rifkind warned Johnson could be brought down by just a dozen junior ministers. Boris Johnson should quit or be forced out of office, former party leader Michael Howard has said. Howard, who led the Tories in opposition, told the BBC: "I think the party, and even more importantly the country, would now be better off under new leadership."He called for the 1922 committee to consider changing the rules so that a new leadership vote, despite Johnson having narrowly won during a recent challenge. Cabinet ministers should also "very carefully consider their positions, as Oliver Dowden has done", Howard said. Dowden resigned as Conservative Party chairman early Friday morning, saying: "We cannot carry on with business as usual. Somebody must take responsibility." Dowden's letter makes no mention of support for the prime minister, but only his loyalty to the party. Other senior Tories have also suggested Johnson could face a fresh leadership challenge.Sir Geoffrey Clifton-Brown, Treasurer of the 1922 committee, said the Conservative Party will hold "serious discussions" in the next few days "and then we will all have to make difficult decisions".Malcolm Rifkind, who served in Margaret Thatcher's final Cabinet, said Johnson could be brought down by a dozen junior ministers.  Former Conservative leader, Michael Howard, calls for Boris Johnson to quit – or others in party to force him outFormer Conservative leader Michael Howard has called for Boris Johnson to quit, after the party lost two key seats in the by-elections overnight. Howard, who led the Tories between 2003 and 2005, told BBC's World at One: "I think the party, and even more importantly the country, would now be better off under new leadership."He added: "[Johnson's] biggest asset has always been his ability to win votes, but yesterday's results make it clear that he no longer has that ability."The best person who has the ability to judge the mood of both the party and the electorate is its chairman. I have enormous respect for Oliver Dowden and the implications of his resignation letter are, I think, very clear."Howard noted that in the by-elections "the electorate delivered its verdict... I don't think it's very likely that he will [resign] but there are others who can take action, who can make that course come about".Tory MPs mulling whether to trigger second leadership contest in Boris Johnson, says senior backbencherBoris JohnsonUK Parliament/Jessica Taylor/Handout via REUTERSSir Geoffrey Clifton-Brown has said Tory MPs will decide whether to trigger a leadership contest in the coming weeks.  "We will need to hear from the prime minister how he intendes to lead the country forward to address the very serious and increasinly difficult economic problems we have got."When we have head that we will need to make an assessment whether that is acceptable to the party or whether we need to trigger a leadership contest of one form or another."Acknowleding the "current rules" mean Boris Johnson could not face another vote of no confidence in the next 12 months, Clifton-Brown told Sky News it would be a "very serious decision" to shake things up. "The parliamentary party would need to make it very clear to the [1922] executive that the rules need to be changed, and that would be a decision for the whole executive," he added. "Colleagues are talking privately, working out what is the best way forward." A dozen ministers could end Boris Johnson's leadership, says Sir Malcolm RifkindSir Malcolm Rifkind says Boris Johnson could be brought down by a dozen junior ministersAwakening/Getty ImagesThe Conservatives have "moved into a fundamentally new stage of this ongoing controversy" because of the resignation of Oliver Dowden, according to Tory grandee Sir Malcolm Rifkind.Rifkind, a former Cabinet minister under Margaret Thatcher and John Major, tells Sky News that Dowden's resignation letter was "a very clear way of saying the prime minister is refusing" to take responsibility. Divisions among ministers "have to be brought to a conclusion in one way to another", he adds, saying the end of Thatcher's tenure came about without a challenge to her "integrity".He adds: "Given the resignation of a senior Cabinet minister, on  this very issue, ks what the views are not just of the Cabeint but 50 or 60 junior ministers of state, without whom the government cannot function."Boris Johnson should seek their views or they should go to him, he adds, but "if a dozen ministers" no longer support the prime minister, they could bring his leadership to an end. Liberal Democrats will 'get rid of a lot of Conservative MPs' in general election, warns party leaderLiberal Democrat leader Sir Ed Davey has said his party plans to "get rid of a lot of Conservative MPs" in a future general election, although admits he can't put a number on it. The Lib Dems often do well in by-elections as a "protest vote" against whoever the incumbent is, but national votes are a very different matter. Speaking from Tiverton, Davey tells reporters: "It is difficult to say, as we are maybe two years from a general election. "The fact we have won three parliamentary by-elections in just over 12 months suggests we are going to make advances and are going to get rid of a lot of Conservative MPs.""It is too early to put a number of it but we certainly intend to get rid of a lot of Conservative MPs."Liberal Democrats unveil latest by-election victory stunt – showing Boris Johnson 'the door'The Liberal Democrats have pulled one of their customary stunts after winning a by-election - showing Boris Johnson "the door". Ed Davey, the party leader, has joined his newest MP Richard Foorde in the constituency Tiverton & Honiton, where the pair unveiled a blue door for the prime minister. —Ami Wyllie (@amiwyllienews) June 24, 2022Past stunts have included Davey smashing through a "Blue Wall" and bursting a blue balloon. Rishi Sunak says 'we all take responsibility for results' as he signals intention to stay put as chancellorThere have been more than a few rumours circulating this morning that Rishi Sunak could be about to fall on his sword.However, judging by the tweet the social media-savvy chancellor has just posted, that seems unlikely, at least in the short-term.In a nod to Oliver Dowden's call for someone to take responsibility, Sunak says "we all take responsibility for the results".It's not exactly full-throated support for Boris Johnson, but it's a clear indication that he plans to remain in post.—Rishi Sunak (@RishiSunak) June 24, 2022 Robert Buckland: Boris Johnson must look himself in the mirrorRobert Buckland, former justice secretaryWiktor Szymanowicz / Barcroft Media via Getty ImagesA former Cabinet minister says Boris Johnson must "look in the mirror and make sure that he does better" after the disastrous by-election results. Robert Buckland, a former justice secretary who was demoted by Johnson last year, insists he is not looking to jettison "the captain", saying the problems faced by the Tories were "much bigger than the story of one man". But speaking to Sky News, he says: "He needs to, as I've said to him myself, look in the mirror and make sure he does better."I think, therefore, the next couple of years are the time for him to prove to all of us that this can be done, and for the Conservative Party to demonstrate that it is still capable of governing this country as it has done, I believe, so well in the past."  By-election result not just mid-term blues, says polling guru Prof John CurticeBoris Johnson might be trying to push some of the blame for the by-elections onto a traditional mid-term slump, but one of the UK's foremost polling experts argues otherwise. John Curtice, Professor of Politics at the University of Strathclyde and Senior Research Fellow at the National Centre for Social Research, told BBC Radio 4 it was more a sign of terminal decline."You have to go back to John Major's government of 1992 to 1997 to find a government struggling as much in by elections, and that of course is not a very happy precedent," he said. Although much of this has translated into voter apathy rather than an emphatic swing to Labour, Curtice notes that the swing to Labour in Wakefield was "probably just enough to generate a Labour overall majority [at a general election]".Boris Johnson's response to Oliver Dowden fails to acknowledge reason for minister's resignationBoris Johnson's letter responding to Oliver Dowden's resignation this morning makes for interesting reading. The prime minister thanks him for his work and says he is sad to see the party chairman leave Government, as you would expect. But there is no reference to the points made about the need for change or for "somebody" to take responsibility.Instead, the PM says: "Whilst I completely understand your disappointment with the by-election results, this Government was elected with an historic mandate just over two years ago to unite and level up. I look forward to continuing to work together on that."—Amanda Milling (@amandamilling) June 24, 2022 'Spotlight on him': Tory co-chair Ben Elliot is 'part of reason we lost', claims sourcePrime Minister Boris Johnson poses with Ben Elliot, Conservative party co-chairmanDavid M. Benett/Dave BenettOne Tory source got in touch to point out that the Conservative Party does still have a chairman in the form of Ben Elliot. "Oliver was only ever co-chair," the source said. "They kept the first syllable rather quiet to keep Ben in the shadows."Elliot's position as party co-chair has been long under attack, both by opposition figures and those within the party. Labour claims the Tories have raised almost £2 million from people with links to Russia since Elliot joined CCHQ. Insider recently reported senior MPs calling for him to be ousted, after "contaminating" links with Russia. Read more about that here.The Tory source says the "scandal-soaked" Elliot "is part of the reason we lost and Dowden resigned - spotlight on him".Minister Paul Scully insists 'it's not business as usual', after by-election lossesPaul Scully, the small business minister, is filling in on Sky New after Oliver  Dowden resigned.He admits "it's not been a good evening for the party by any stretch of the imagination", but that the government will "respond". Scully says voters will reward those who "govern well", pointing to policies meant to address the spiraling cost of living in the UK. "It is not business as usual, we will reflect, we will listen and we will respond," he adds. Boris Johnson "has always said he will take personal responsibility", but is still the right person for the job, Scully says. Dominic Raab admits 'distractions because of partygate' hurt Tories in by-electionsDominic Raab, the deputy prime minister, has been covering for Oliver Dowden on BBC Radio 4, after his colleague quit as Conservative Party chairman this morning.Raab says the poor by-election results were down to a "perfect storm of very difficult local scenarios, given the situations of the previous sitting Conservative MPs, plus the national headwinds".He said the "distractions we have had" are also a factor. But he then argues that the Tories will spend the next two years trying to win support back. Asked if he is talking about business as usual – something Dowden criticised in his letter – Raab says: "We have had distractions because of partygate, because of too much Westminster internal focus when people want to see us focused on their priorities."He then highlights support that the Government has brought forward to deal with the cost of living crisis. Starmer: If Tories had any decency, they would get out of the wayLabour's win in Wakefield is "a vindication of all our hard work over the last two years", Sir Keir Starmer said. The swing against the Tories in the Red Wall seat was because Labour was "absolutely focused on the issues facing hard working people", he added. "And what a judgement this is on the Tories and Boris Johnson, what a judgement it is on them," Starmer says. "They are out of touch, out of ideas and if they had any decency they would get out of the way for the sake of the country."—BBC Politics (@BBCPolitics) June 24, 2022 Two and a half weeks is a (very) long time in politics...Channel 4 News' Paul McNamara sums it up: —Paul McNamara (@PGMcNamara) June 24, 2022 Boris Johnson plays down partygate, blames mid-term slump and economy for by-election resultsBoris Johnson said he will "listen to what people are saying", as he sought to play down the impact of partygate on the by-election results. The prime minister thanked Oliver Dowden, whom he called an "excellent party chairman."Johnson said it was "absolutely true we have had some tough by-election results, [but] they have been a reflection of a lot of things".He tells broadcasters: "We have got to recognise that voters are going through a tough time at the moment. We have got to listen to what people are saying, particularly in the difficulties over the cost of living, which for most people is the number one issue."However Johnson stressed that "mid-term governments, post-war, lose by-elections". Asked about the Sue Gray report into lockdown-busting parties held in Downing Street, he added: "Historically, over the last 50 years or more, you have seen governments punished at the polls mid-term, particularly when people are feeling economic pressures."Ed Davey: Voters will 'send Tory MPs packing' if they don't sack Boris JohnsonEd Davey (R) with newly-elected Tiverton MP Richard Foord on the campaign trailFinnbarr Webster/Getty ImagesOliver Dowden might be absent from the morning round, but Liberal Democrat leader Sir Ed Davey is more than happy to go on the air after the historic by-election result this morning. Davey tells Sky News: "If Conservative MPs don't wake up, at the next election voters will send them packing."He argues that the Tiverton & Honiton win "isn't a flash in the pan – this is a series of victories against the Conservatives for the Lib Dems", after similar successes in Chesham and Amersham and North Shropshire. Davey adds: "[Tory MPs] have he power to dispatch this prime minister. If they don't do that I think the voters will wreak their revenge... the fact Tory MPs won't do the decent thing, won't listen to the people, mean they will pay the price at the next election."Lord Frost: By-election results are 'terrible' for Tories – but not great for Labour or Lib DemsFormer minister Lord Frost says the by-election results are "terrible" for the Tories but are not "particularly good" for Labour or the Liberal Democrats either. Frost, who has been increasingly critical of Boris Johnson, said: "In contrast to many 'normal' mid-term by-elections, these do not show strong protest votes for the opposition."They show people who voted for us in 2019 refusing to come out and do so again. We as Conservatives must decide why that is, and what we do about it."What will Boris Johnson do now?Boris Johnson is thousands of miles from home, in Rwanda for the Commonwealth Heads of Government Meeting. According to PA Media, the prime minister said he would "listen" to voters but "keep going" after the double by-election defeat.On his way to Rwanda, he told journalists: "Governing parties generally do not win by-elections, particularly not in midterm. You know, I'm very hopeful, but you know, there you go.Asked to confirm he was not considering his future, he replied: "Are you crazy?"However, the resignation of Oliver Dowden is putting renewed pressure on the prime minister.Gavin Barwell: Boris Johnson must go to avoid Tories 'sleepwalking into defeat' at general electionGavin Barwell, the chief of staff under former prime minister Theresa May, says the Conservative party risks "sleepwalking into a defeat" at a future general election.  He tells Sky News that the Tiverton & Honiton result is "catastrophic" because "it means there is a whole swathe of seats across the south of the country that are vulnerable".The peer adds: "Finally, finally, somebody in the Cabinet has taken the decision to stand down."If the Conservative party carries on as it is, it is sleepwalking into a defeat at the next election, so I am very pleased that somebody senior in the party has recognised that and done something about it."The party "can't just change the figurehead" - it has to change direction, to avoid this, he argues.Tory MPs play down prospect of Cabinet coup after Oliver Dowden resignsOliver Dowden and Boris Johnson at the Conservative party conferenceIan Forsyth/Getty ImagesTory MPs are playing down the prospect of a Cabinet coup after Oliver Dowden resigned, following the "poor" by-election results this morning. Rebel backbenchers have urged ministers to act by removing Boris Johnson, after they failed to get enough numbers in the recent vote of no confidence. Dowden's resignation letter was notably absent of any warm words for the prime minister. However Tory MPs said this was unlikely to kick off a wave of colleagues quitting. While one MP told Insider he was hopeful it would trigger others to do the same, colleagues were sceptical. One said it was "doubtful" because "there aren't many decent ones in there".The MP questioned whether Dowden had backed Johnson during the confidence vote, noting his allegiance to David Cameron and Theresa May."The Oliver I know is decent and honourable and will have hated having to defend the indefensible." Another said: "There cannot be a coup, there is no mechanism. Rebels should have waited."Tory MPs: Oliver Dowden not the person to blame for by-election resultsOther Tory MPs have come out swinging after the poor by-election results this morning. Angela Richardson, who quit as Michael Gove's PPS earlier this year over partygate, has praised Oliver Dowden as a "fantastic colleague", adding that he is "most certainly not responsible for these results".Simon Hoare, chairman of the Northern Ireland committee, echoes her comments, saying: "An honourable letter from an honourable man. Oliver Dowden is not to blame for these results. Since 2015 I have always been proud to call Oliver a friend. Never more so than today."Dowden's resignation is sending shockwaves through Westminster, after his letter made no reference to ongoing support in Boris Johnson. —Angela Richardson MP (@AJRichardsonMP) June 24, 2022 Tory MP Roger Gale: Boris Johnson 'ought to honourably this morning be re-considering his position'Conservative MP Sir Roger Gale has said the prime minister should "honourably" be considering standing down following the by-election results. Gale, who has long criticised Johnson and was among those to go public with his letter of no confidence, says: "Spin them how you like the by- election results in Tiverton & Honiton and in Wakefield are another vote of no-confidence in a Prime Minister that ought to honourably this morning be re-considering his position."Commiserations to Conservative candidates who deserved better. The soul of our Party is at stake."Gale adds: "Oliver Dowden is a decent and honourable man who has clearly decided that he can no longer defend the indefensible."Oliver Dowden's resignation: What happens next?Boris JohnsonJacob King/PA/Getty ImagesThe shock resignation of Oliver Dowden is reopening questions about Boris Johnson's grip on power, just two weeks after he narrowly won a confidence vote among his own MPs. While the rules of the party mean the prime minister should theoretically be safe from challenges for another year, sources have told Insider that those rules are not set in stoneSimply put, if there are enough calls for him to go from new corners, we could see another vote in weeks or months. Dowden's resignation is also likely to bring forward the reshuffle, which was expected to be held in July. However Johnson is currently in Rwanda and has a string of international events to attend that will keep him out of the country until next week. One MP told Insider: "He has to replace Dowden. He can do it anywhere, anytime, but assume he will want to be in Downing Street."More immediately, the question is who will replace Dowden on the morning's media round?Oliver Dowden's resignation letter in fullOliver Dowden, the Conservative Party chairman, has resigned following the dire by-election results in Wakefield and Tiverton & Honiton. Here is his letter in full. —Oliver Dowden (@OliverDowden) June 24, 2022 Keir Starmer: Country has lost confidence in the ToriesKeir Starmer (right) campaigning alongside Simon LightwoodIan Forsyth/Getty ImagesSir Keir Starmer, the Labour party leader, has said the win in Wakefield shows "the country has lost confidence in the Tories".He is alluding to the confidence vote in Boris Johnson, in which 148 of his own backbencher voted against him.Starmer adds:"This result is a clear judgement on a Conservative Party that has run out of energy and ideas. Britain deserves better."Wakefield has voted Labour because we have the solutions for the challenges facing the British people. The Labour Party is back on the side of working people, winning seats where we lost before, and ready for government." Tory candidate in Tiverton & Honiton 'locked herself in room'Shortly before the results were announced at Tiverton & Honiton this morning, it seems the Conservative candidate Helen Hurford locked herself in a room. —Tess de la Mare (@TessdelaMare) June 24, 2022 —Theo Usherwood (@theousherwood) June 24, 2022 Number crunching: The vote in Tiverton & HonitonThe result in Wakefield is a big loss to Boris Johnson's Conservatives, who have spent much political capital courting the Red Wall vote. However, the result in Tiverton & Honiton will arguably worry the Tories more. The majority was much higher, meaning Richard Foord's success required a larger swing. Much like North Shropshire, which the party lost late last year, it is a 'Blue Wall' seat of traditional Tory voters. It was also predominantly a Leave-backing seat. All that will make today's results pretty grim reading for the party. Here's what the figures look like: —Britain Elects (@BritainElects) June 24, 2022 Richard Foord: Boris Johnson has overstayed his welcomeRichard Foord (C) reacts to the result in Tiverton & Honiton on June 24, 2022Finnbarr Webster/Getty ImagesThe Liberal Democrats' Richard Foord overturned a majority of more than 24,000 – a swing of almost 30% – to take Tiverton & Honiton from the Tories. Foord said it was a referendum on Johnson's troubled leadership, after 148 of his own MPs voted against the prime minister."There is a real feeling now that he has overstayed his welcome as our prime minister," Foord told Sky News.Simon Lightwood: I am still waiting for Boris Johnson to come to WakefieldSimon Lightwood, middle, in Wakefield ahead of the resultsIan Forsyth/Getty ImageThe new Labour MP for Wakefield has criticised Boris Johnson for not turning up once to campaign in the seat. Speaking to Sky News after his win, Simon Lightwood said: "People are absolutely tired of the lies and deceit that we have seen from the prime minister and demanding change and tonight is a demonstration of that."He defended Labour leader Sir Keir Starmer, who has been criticised for not being more forceful in pushing back against Johnson. "I think we have seen here in Wakefield that he is making the impact we need to make and making progress for the Labour Party," Lightwood said. "[Starmer] has been here three times, and really energised the campaign and I am still waiting for the prime minister."Number crunching: The vote in WakefieldThe Red Wall seat of Wakefield has returned to Labour, after it fell to the Conservatives in 2019. The party's Simon Lightwood won the seat with nearly half the total votes - here is how that looks:—Britain Elects (@BritainElects) June 24, 2022 Analysis: Pressure is on after Tories lose both by-electionsGood Morning. The UK is waking up to the news that the Conservatives have lost both by-elections, piling further pressure onto Boris Johnson. The Red Wall seat of Wakefield had been expected to swing back to Labour, but Tories had still be hopeful that Tiverton & Honiton would remain blue, albeit with a smaller majority. But the by-election has ended such hopes, and laid bare the scale of the challenge now facing Johnson's Conservatives in both the Red Wall and traditional Tory areas."It would be a real mistake for the Conservatives to retain Boris Johnson as their leader and it could be electoral suicide for them," Richard Foord told Sky News after winning.He said Johnson should take a lesson from Neil Parish, his predecessor, who resigned over allegations he was watching pornography in the House of Commons.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderJun 24th, 2022

Live by-election updates: Conservatives to have "serious discussions" over Boris Johnson"s future says Tory MP

The by-election results in Wakefield and Tiverton & Honiton are piling fresh pressure onto Boris Johnson, as voters turn from the Conservatives. A file photo of Oliver Dowden and Boris Johnson at the Conservative party conference.Ian Forsyth/Getty Images Tories must make "difficult decisions" about Boris Johnson's future, a senior MP said. Geoffrey Clifton-Brown spoke after the party lost two seats in by-elections. Party chairman Oliver Dowden quit in response to the losses, piling pressure on Johnson. The Conservative Party will hold "serious discussions" about the future of Boris Johnson, a senior MP said in the wake of two stinging by-election losses. Sir Geoffrey Clifton-Brown, Treasurer of the 1922 committee, said votes in Wakefield and Tiverton & Honiton had yielded "pretty dire results" which "call into question the direction of the government at the present time".Clifton-Brown, who voted against Johnson in a recent confidence vote, sidestepped questions about whether the prime minister had his support, saying "as a democrat, at the moment, I abide by those results". "But clearly serious discussions will be had in the next few days and weeks and then we will all have to make difficult decisions."Several Tories renewed calls for Johnson to resign Friday morning, after Oliver Dowden resigned as Conservative Party chairman, saying: "We cannot carry on with business as usual. Somebody must take responsibility."Dowden's letter makes no mention of support for the prime minister, but only his loyalty to the party. Speaking from Kigali, Rwanda, Johnson vowed to "listen to what people are saying", but played down suggestions that partygate was a factor, instead blaming mid-term blues and the economy.  By-election result not just mid-term blues, says polling guru Prof John CurticeBoris Johnson might be trying to push some of the blame for the by-elections onto a traditional mid-term slump, but one of the UK's foremost polling experts argues otherwise. John Curtice, Professor of Politics at the University of Strathclyde and Senior Research Fellow at the National Centre for Social Research, told BBC Radio 4 it was more a sign of terminal decline."You have to go back to John Major's government of 1992 to 1997 to find a government struggling as much in by elections, and that of course is not a very happy precedent," he said. Although much of this has translated into voter apathy rather than an emphatic swing to Labour, Curtice notes that the swing to Labour in Wakefield was "probably just enough to generate a Labour overall majority [at a general election]".Boris Johnson's response to Oliver Dowden fails to acknowledge reason for minister's resignationBoris Johnson's letter responding to Oliver Dowden's resignation this morning makes for interesting reading. The prime minister thanks him for his work and says he is sad to see the party chairman leave Government, as you would expect. But there is no reference to the points made about the need for change or for "somebody" to take responsibility.Instead, the PM says: "Whilst I completely understand your disappointment with the by-election results, this Government was elected with an historic mandate just over two years ago to unite and level up. I look forward to continuing to work together on that."—Amanda Milling (@amandamilling) June 24, 2022 'Spotlight on him': Tory co-chair Ben Elliot is 'part of reason we lost', claims sourcePrime Minister Boris Johnson poses with Ben Elliot, Conservative party co-chairmanDavid M. Benett/Dave BenettOne Tory source got in touch to point out that the Conservative Party does still have a chairman in the form of Ben Elliot. "Oliver was only ever co-chair," the source said. "They kept the first syllable rather quiet to keep Ben in the shadows."Elliot's position as party co-chair has been long under attack, both by opposition figures and those within the party. Labour claims the Tories have raised almost £2 million from people with links to Russia since Elliot joined CCHQ. Insider recently reported senior MPs calling for him to be ousted, after "contaminating" links with Russia. Read more about that here.The Tory source says the "scandal-soaked" Elliot "is part of the reason we lost and Dowden resigned - spotlight on him".Minister Paul Scully insists 'it's not business as usual', after by-election lossesPaul Scully, the small business minister, is filling in on Sky New after Oliver  Dowden resigned.He admits "it's not been a good evening for the party by any stretch of the imagination", but that the government will "respond". Scully says voters will reward those who "govern well", pointing to policies meant to address the spiraling cost of living in the UK. "It is not business as usual, we will reflect, we will listen and we will respond," he adds. Boris Johnson "has always said he will take personal responsibility", but is still the right person for the job, Scully says. Dominic Raab admits 'distractions because of partygate' hurt Tories in by-electionsDominic Raab, the deputy prime minister, has been covering for Oliver Dowden on BBC Radio 4, after his colleague quit as Conservative Party chairman this morning.Raab says the poor by-election results were down to a "perfect storm of very difficult local scenarios, given the situations of the previous sitting Conservative MPs, plus the national headwinds".He said the "distractions we have had" are also a factor. But he then argues that the Tories will spend the next two years trying to win support back. Asked if he is talking about business as usual – something Dowden criticised in his letter – Raab says: "We have had distractions because of partygate, because of too much Westminster internal focus when people want to see us focused on their priorities."He then highlights support that the Government has brought forward to deal with the cost of living crisis. Starmer: If Tories had any decency, they would get out of the wayLabour's win in Wakefield is "a vindication of all our hard work over the last two years", Sir Keir Starmer said. The swing against the Tories in the Red Wall seat was because Labour was "absolutely focused on the issues facing hard working people", he added. "And what a judgement this is on the Tories and Boris Johnson, what a judgement it is on them," Starmer says. "They are out of touch, out of ideas and if they had any decency they would get out of the way for the sake of the country."—BBC Politics (@BBCPolitics) June 24, 2022 Two and a half weeks is a (very) long time in politics...Channel 4 News' Paul McNamara sums it up: —Paul McNamara (@PGMcNamara) June 24, 2022 Boris Johnson plays down partygate, blames mid-term slump and economy for by-election resultsBoris Johnson said he will "listen to what people are saying", as he sought to play down the impact of partygate on the by-election results. The prime minister thanked Oliver Dowden, whom he called an "excellent party chairman."Johnson said it was "absolutely true we have had some tough by-election results, [but] they have been a reflection of a lot of things".He tells broadcasters: "We have got to recognise that voters are going through a tough time at the moment. We have got to listen to what people are saying, particularly in the difficulties over the cost of living, which for most people is the number one issue."However Johnson stressed that "mid-term governments, post-war, lose by-elections". Asked about the Sue Gray report into lockdown-busting parties held in Downing Street, he added: "Historically, over the last 50 years or more, you have seen governments punished at the polls mid-term, particularly when people are feeling economic pressures."Ed Davey: Voters will 'send Tory MPs packing' if they don't sack Boris JohnsonEd Davey (R) with newly-elected Tiverton MP Richard Foord on the campaign trailFinnbarr Webster/Getty ImagesOliver Dowden might be absent from the morning round, but Liberal Democrat leader Sir Ed Davey is more than happy to go on the air after the historic by-election result this morning. Davey tells Sky News: "If Conservative MPs don't wake up, at the next election voters will send them packing."He argues that the Tiverton & Honiton win "isn't a flash in the pan – this is a series of victories against the Conservatives for the Lib Dems", after similar successes in Chesham and Amersham and North Shropshire. Davey adds: "[Tory MPs] have he power to dispatch this prime minister. If they don't do that I think the voters will wreak their revenge... the fact Tory MPs won't do the decent thing, won't listen to the people, mean they will pay the price at the next election."Lord Frost: By-election results are 'terrible' for Tories – but not great for Labour or Lib DemsFormer minister Lord Frost says the by-election results are "terrible" for the Tories but are not "particularly good" for Labour or the Liberal Democrats either. Frost, who has been increasingly critical of Boris Johnson, said: "In contrast to many 'normal' mid-term by-elections, these do not show strong protest votes for the opposition."They show people who voted for us in 2019 refusing to come out and do so again. We as Conservatives must decide why that is, and what we do about it."What will Boris Johnson do now?Boris Johnson is thousands of miles from home, in Rwanda for the Commonwealth Heads of Government Meeting. According to PA Media, the prime minister said he would "listen" to voters but "keep going" after the double by-election defeat.On his way to Rwanda, he told journalists: "Governing parties generally do not win by-elections, particularly not in midterm. You know, I'm very hopeful, but you know, there you go.Asked to confirm he was not considering his future, he replied: "Are you crazy?"However, the resignation of Oliver Dowden is putting renewed pressure on the prime minister.Gavin Barwell: Boris Johnson must go to avoid Tories 'sleepwalking into defeat' at general electionGavin Barwell, the chief of staff under former prime minister Theresa May, says the Conservative party risks "sleepwalking into a defeat" at a future general election.  He tells Sky News that the Tiverton & Honiton result is "catastrophic" because "it means there is a whole swathe of seats across the south of the country that are vulnerable".The peer adds: "Finally, finally, somebody in the Cabinet has taken the decision to stand down."If the Conservative party carries on as it is, it is sleepwalking into a defeat at the next election, so I am very pleased that somebody senior in the party has recognised that and done something about it."The party "can't just change the figurehead" - it has to change direction, to avoid this, he argues.Tory MPs play down prospect of Cabinet coup after Oliver Dowden resignsOliver Dowden and Boris Johnson at the Conservative party conferenceIan Forsyth/Getty ImagesTory MPs are playing down the prospect of a Cabinet coup after Oliver Dowden resigned, following the "poor" by-election results this morning. Rebel backbenchers have urged ministers to act by removing Boris Johnson, after they failed to get enough numbers in the recent vote of no confidence. Dowden's resignation letter was notably absent of any warm words for the prime minister. However Tory MPs said this was unlikely to kick off a wave of colleagues quitting. While one MP told Insider he was hopeful it would trigger others to do the same, colleagues were sceptical. One said it was "doubtful" because "there aren't many decent ones in there".The MP questioned whether Dowden had backed Johnson during the confidence vote, noting his allegiance to David Cameron and Theresa May."The Oliver I know is decent and honourable and will have hated having to defend the indefensible." Another said: "There cannot be a coup, there is no mechanism. Rebels should have waited."Tory MPs: Oliver Dowden not the person to blame for by-election resultsOther Tory MPs have come out swinging after the poor by-election results this morning. Angela Richardson, who quit as Michael Gove's PPS earlier this year over partygate, has praised Oliver Dowden as a "fantastic colleague", adding that he is "most certainly not responsible for these results".Simon Hoare, chairman of the Northern Ireland committee, echoes her comments, saying: "An honourable letter from an honourable man. Oliver Dowden is not to blame for these results. Since 2015 I have always been proud to call Oliver a friend. Never more so than today."Dowden's resignation is sending shockwaves through Westminster, after his letter made no reference to ongoing support in Boris Johnson. —Angela Richardson MP (@AJRichardsonMP) June 24, 2022 Tory MP Roger Gale: Boris Johnson 'ought to honourably this morning be re-considering his position'Conservative MP Sir Roger Gale has said the prime minister should "honourably" be considering standing down following the by-election results. Gale, who has long criticised Johnson and was among those to go public with his letter of no confidence, says: "Spin them how you like the by- election results in Tiverton & Honiton and in Wakefield are another vote of no-confidence in a Prime Minister that ought to honourably this morning be re-considering his position."Commiserations to Conservative candidates who deserved better. The soul of our Party is at stake."Gale adds: "Oliver Dowden is a decent and honourable man who has clearly decided that he can no longer defend the indefensible."Oliver Dowden's resignation: What happens next?Boris JohnsonJacob King/PA/Getty ImagesThe shock resignation of Oliver Dowden is reopening questions about Boris Johnson's grip on power, just two weeks after he narrowly won a confidence vote among his own MPs. While the rules of the party mean the prime minister should theoretically be safe from challenges for another year, sources have told Insider that those rules are not set in stoneSimply put, if there are enough calls for him to go from new corners, we could see another vote in weeks or months. Dowden's resignation is also likely to bring forward the reshuffle, which was expected to be held in July. However Johnson is currently in Rwanda and has a string of international events to attend that will keep him out of the country until next week. One MP told Insider: "He has to replace Dowden. He can do it anywhere, anytime, but assume he will want to be in Downing Street."More immediately, the question is who will replace Dowden on the morning's media round?Oliver Dowden's resignation letter in fullOliver Dowden, the Conservative Party chairman, has resigned following the dire by-election results in Wakefield and Tiverton & Honiton. Here is his letter in full. —Oliver Dowden (@OliverDowden) June 24, 2022 Keir Starmer: Country has lost confidence in the ToriesKeir Starmer (right) campaigning alongside Simon LightwoodIan Forsyth/Getty ImagesSir Keir Starmer, the Labour party leader, has said the win in Wakefield shows "the country has lost confidence in the Tories".He is alluding to the confidence vote in Boris Johnson, in which 148 of his own backbencher voted against him.Starmer adds:"This result is a clear judgement on a Conservative Party that has run out of energy and ideas. Britain deserves better."Wakefield has voted Labour because we have the solutions for the challenges facing the British people. The Labour Party is back on the side of working people, winning seats where we lost before, and ready for government." Tory candidate in Tiverton & Honiton 'locked herself in room'Shortly before the results were announced at Tiverton & Honiton this morning, it seems the Conservative candidate Helen Hurford locked herself in a room. —Tess de la Mare (@TessdelaMare) June 24, 2022 —Theo Usherwood (@theousherwood) June 24, 2022 Number crunching: The vote in Tiverton & HonitonThe result in Wakefield is a big loss to Boris Johnson's Conservatives, who have spent much political capital courting the Red Wall vote. However, the result in Tiverton & Honiton will arguably worry the Tories more. The majority was much higher, meaning Richard Foord's success required a larger swing. Much like North Shropshire, which the party lost late last year, it is a 'Blue Wall' seat of traditional Tory voters. It was also predominantly a Leave-backing seat. All that will make today's results pretty grim reading for the party. Here's what the figures look like: —Britain Elects (@BritainElects) June 24, 2022 Richard Foord: Boris Johnson has overstayed his welcomeRichard Foord (C) reacts to the result in Tiverton & Honiton on June 24, 2022Finnbarr Webster/Getty ImagesThe Liberal Democrats' Richard Foord overturned a majority of more than 24,000 – a swing of almost 30% – to take Tiverton & Honiton from the Tories. Foord said it was a referendum on Johnson's troubled leadership, after 148 of his own MPs voted against the prime minister."There is a real feeling now that he has overstayed his welcome as our prime minister," Foord told Sky News.Simon Lightwood: I am still waiting for Boris Johnson to come to WakefieldSimon Lightwood, middle, in Wakefield ahead of the resultsIan Forsyth/Getty ImageThe new Labour MP for Wakefield has criticised Boris Johnson for not turning up once to campaign in the seat. Speaking to Sky News after his win, Simon Lightwood said: "People are absolutely tired of the lies and deceit that we have seen from the prime minister and demanding change and tonight is a demonstration of that."He defended Labour leader Sir Keir Starmer, who has been criticised for not being more forceful in pushing back against Johnson. "I think we have seen here in Wakefield that he is making the impact we need to make and making progress for the Labour Party," Lightwood said. "[Starmer] has been here three times, and really energised the campaign and I am still waiting for the prime minister."Number crunching: The vote in WakefieldThe Red Wall seat of Wakefield has returned to Labour, after it fell to the Conservatives in 2019. The party's Simon Lightwood won the seat with nearly half the total votes - here is how that looks:—Britain Elects (@BritainElects) June 24, 2022 Analysis: Pressure is on after Tories lose both by-electionsGood Morning. The UK is waking up to the news that the Conservatives have lost both by-elections, piling further pressure onto Boris Johnson. The Red Wall seat of Wakefield had been expected to swing back to Labour, but Tories had still be hopeful that Tiverton & Honiton would remain blue, albeit with a smaller majority. But the by-election has ended such hopes, and laid bare the scale of the challenge now facing Johnson's Conservatives in both the Red Wall and traditional Tory areas."It would be a real mistake for the Conservatives to retain Boris Johnson as their leader and it could be electoral suicide for them," Richard Foord told Sky News after winning.He said Johnson should take a lesson from Neil Parish, his predecessor, who resigned over allegations he was watching pornography in the House of Commons.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderJun 24th, 2022

Live by-election updates: Conservatives to have "serious discussions" over Boris Johnson"s future, says Tory MP

The by-election results in Wakefield and Tiverton & Honiton are piling fresh pressure onto Boris Johnson, as voters turn from the Conservatives. Oliver Dowden and Boris Johnson at the Conservative party conferenceIan Forsyth/Getty Images Tories will have to make "difficult decisions" about Boris Johnson's future, a senior MP has said. Geoffrey Clifton-Brown said "serious discussions" would take place following "dire" by-election results.  Oliver Dowden has quit as Conservative Party chairman, citing multiple "poor results" at the polls. The Conservative Party will hold "serious discussions" about the future of Boris Johnson, after losing two by-elections, a senior MP has said. Sir Geoffrey Clifton-Brown, Treasurer of the 1922 committee, said votes in Wakefield and Tiverton & Honiton had yielded "pretty dire results" which "call into question the direction of the government at the present time".Clifton-Brown, who voted against Johnson in a recent confidence vote, sidestepped questions about whether the prime minister had his support, saying "as a democrat, at the moment, I abide by those results". He added "But clearly serious discussions will be had in the next few days and weeks and then we will all have to make difficult decisions."Several Tories have renewed calls for Johnson to resign Friday morning, after Oliver Dowden resigned as Conservative Party chairman, saying: "We cannot carry on with business as usual. Somebody must take responsibility."Dowden's letter makes no mention of support for the prime minister, but only his loyalty to the party. Speaking from Kigali, Rwanda, Johnson vowed to "listen to what people are saying", but played down suggestions that partygate was a factor, instead blaming mid-term blues and the economy.  By-election result not just mid-term blues, says polling guru Prof John CurticeBoris Johnson might be trying to push some of the blame for the by-elections onto a traditional mid-term slump, but one of the UK's foremost polling experts argues otherwise. John Curtice, Professor of Politics at the University of Strathclyde and Senior Research Fellow at the National Centre for Social Research, told BBC Radio 4 it was more a sign of terminal decline."You have to go back to John Major's government of 1992 to 1997 to find a government struggling as much in by elections, and that of course is not a very happy precedent," he says. Although much of this has translated into voter apathy rather than an emphatic swing to Labour, Curtice notes that the swing to Labour in Wakefield was "probably just enough to generate a Labour overall majority [at a general election]".Boris Johnson's response to Oliver Dowden fails to acknowledge reason for minister's resignationBoris Johnson's letter responding to Oliver Dowden's resignation this morning makes for interesting reading. The prime minister thanks him for his work and says he is sad to see the party chairman leave Government, as you would expect. But there is no reference to the points made about the need for change or for "somebody" to take responsibility.Instead, the PM says: "Whilst I completely understand your disappointment with the by-election results, this Government was elected with an historic mandate just over two years ago to unite and level up. I look forward to continuing to work together on that."—Amanda Milling (@amandamilling) June 24, 2022 'Spotlight on him': Tory co-chair Ben Elliot is 'part of reason we lost', claims sourcePrime Minister Boris Johnson poses with Ben Elliot, Conservative party co-chairmanDavid M. Benett/Dave BenettOne Tory source has got in touch to point out that technically the Conservative Party does still have a chairman in the form of Ben Elliot. "Oliver was only ever co-chair," the source says. "They kept the first syllable rather quiet to keep Ben in the shadows."Elliot's position as party co-chair has been long under attack, both by opposition figures and those within the party. Labour claims the Tories have raised almost £2 million from people with links to Russia since Elliot joined CCHQ. Insider recently reported senior MPs calling for him to be ousted, after "contaminating" links with Russia. Read more about that here.The Tory source says the "scandal-soaked" Elliot "is part of the reason we lost and Dowden resigned - spotlight on him".Minister Paul Scully insists 'it's not business as usual', after by-election lossesPaul Scully, the small business minister, is filling in for Oliver Dowden on Sky News. He admits "it's not been a good evening for the party by any stretch of the imagination", but says the government will "respond". Scully says voters will reward those who "govern well", noting that the cost of living issue is being addressed with various packages. "It is not business as usual, we will reflect, we will listen and we will respond," he adds. Boris Johnson "has always said he will take personal responsibility", but is still the right person for the job, Scully says. Dominic Raab admits 'distractions because of partygate' hurt Tories in by-electionsDominic Raab, the deputy prime minister, has been covering for Oliver Dowden on BBC Radio 4, after his colleague quit as Conservative Party chairman this morning.Raab says the poor by-election results are down to a "perfect storm of very difficult local scenarios, given the situations of the previous sitting Conservative MPs, plus the national headwinds".He adds that the "distractions we have had" are also a factor. But he then argues that the Tories will spend the next two years trying to win support back. Asked if he is talking about business as usual – something Dowden criticised in his letter – Raab says: "We have had distractions because of partygate, because of too much Westminster internal focus when people want to see us focused on their priorities."He then highlights support that the Government has brought forward to deal with the cost of living crisis. Starmer: If Tories had any decency, they would get out of the way for the sake of the countryLabour's win in Wakefield is "a vindication of all our hard work over the last two years", Sir Keir Starmer has said. The swing against the Tories in the Red Wall seat was because Labour was "absolutely focused on the issues facing hard working people", he adds. "And what a judgement this is on the Tories and Boris Johnson, what a jugement it is on them," Starmer says. "They are out of touch, out of ideas anad if they had any decency they would get out of the way for the sake of the country."—BBC Politics (@BBCPolitics) June 24, 2022 Two-and-a-half-weeks is a (very) long time in politics...Channel 4 News' Paul McNamara sums it up: —Paul McNamara (@PGMcNamara) June 24, 2022 Boris Johnson plays down partygate, blames mid-term slump and economy for by-election resultsBoris Johnson has said he will "listen to what people are saying", as he sought to play down the impact of partygate on the by-election results. The prime minister thanked Oliver Dowden as an "excellent party chairman", adding it was "absolutely true we have had some tough by-election results, [but] they have been a reflection foa  lot of things".He tells broadcasters: "We have got to recognise that voters are going through a tough time at the moment. We have got to listen to what people are saying, particularly in the difficulties over the cost of living, which for most people is the number one issue."However Johnson stressed that "mid-term governments, post-war, lose by-elections". Asked about the Sue Gray report into lockdown-busting parties held in Downing Street, he added: "Historically, over the last 50 years or more, you have seen governments punished at the polls mid-term, particularly when people are feeling economic pressures."Ed Davey: Voters will 'send Tory MPs packing' if they don't sack Boris JohnsonEd Davey (R) with newly-elected Tiverton MP Richard Foord on the campaign trailFinnbarr Webster/Getty ImagesOliver Dowden might be absent from the morning round, but Liberal Democrat leader Sir Ed Davey is more than happy to go on the air after the historic by-election result this morning. Davey tells Sky News: "If Conservative MPs don't wake up, at the next election voters will send them packing."He argues that the Tiverton & Honiton win "isn't a flash in the pan – this is a series of victories aginst the Conservatives for the Lib Dems", after similar successes in Chesham and Amersham and North Shropshire. Davey adds: "[Tory MPs] have he power to dispatch this prime minsiter. If they dont do that I think the voters will wreak their revenge... the fact Tory MPs won't do the decent thing, won't listen to the people, mean they will pay the price at the next election."Lord Frost: By-election results are 'terrible' for Tories – but not great for Labour or Lib DemsFormer minister Lord Frost says the by-election results are "terrible" for the Tories but are not "particularly good" for Labour or the Liberal Democrats either. Frost, who has been increasingly critical of Boris Johnson, said: "In contrast to many 'normal' mid-term by-elections, these do not show strong protest votes for the opposition."They show people who voted for us in 2019 refusing to come out and do so again. We as Conservatives must decide why that is, and what we do about it."What will Boris Johnson do now?Boris Johnson is thousands of miles away from home, in Rwanda for the Commonwealth Heads of Government Meeting. According to PA Media, the prime minister has said he will "listen" to voters but will "keep going" after the double by-election defeat.On his way to Rwanda, he told journalists: "Governing parties generally do not win byelections, particularly not in midterm. You know, I'm very hopeful, but you know, there you go.Asked to confirm he was not considering his future, he replied: "Are you crazy?"However, the resignation of Oliver Dowden is putting renewed pressure on the prime minister.Gavin Barwell: Boris Johnson must go to avoid Tories 'sleepwalking into defeat' at general electionGavin Barwell, the chief of staff under former prime minister Theresa May, says the Conservative party risks "sleepwalking into a defeat" at a future general election.  He tells Sky News that the Tiverton & Honiton result is "catastrophic" because "it means there is a whole swathe of seats across the south of the country that are vulnerable".The peer adds: "Finally, finally, somebody in the Cabinet has taken the decision to stand down."If the Conservative party carries on as it is, it is sleepwalking into a defeat at the next election, so I am very pleased that somebody senior in the party has recognised that and done something about it."The party "can't just change the figurehead" - it has to change direction, to avoid this, he argues.Tory MPs play down prospect of Cabinet coup after Oliver Dowden resignsOliver Dowden and Boris Johnson at the Conservative party conferenceIan Forsyth/Getty ImagesTory MPs are playing down the prospect of a Cabinet coup after Oliver Dowden resigned, following the "poor" by-election results this morning. Rebel backbenchers have urged ministers to act by removing Boris Johnson, after they failed to get enough numbers in the recent vote of no confidence. Dowden's resignation letter was notably absent of any warm words for the prime minister. However Tory MPs said this was unlikely to kick off a wave of colleagues quitting. While one MP told Insider he was hopeful it would trigger others to do the same, colleagues were sceptical. One said it was "doubtful" because "there aren't many decent ones in there".The MP questioned whether Dowden had backed Johnson during the confidence vote, noting his allegiance to David Cameron and Theresa May."The Oliver I know is decent and honourable and will have hated having to defend the indefensible." Another said: "There cannot be a coup, there is no mechanism. Rebels should have waited."Tory MPs: Oliver Dowden not the person to blame for by-election resultsOther Tory MPs have come out swinging after the poor by-election results this morning. Angela Richardson, who quit as Michael Gove's PPS earlier this year over partygate, has praised Oliver Dowden as a "fantastic colleague", adding that he is "most certainly not responsible for these results".Simon Hoare, chairman of the Northern Ireland committee, echoes her comments, saying: "An honourable letter from an honourable man. Oliver Dowden is not to blame for these results. Since 2015 I have always been proud to call Oliver a friend. Never more so than today."Dowden's resignation is sending shockwaves through Westminster, after his letter made no reference to ongoing support in Boris Johnson. —Angela Richardson MP (@AJRichardsonMP) June 24, 2022 Tory MP Roger Gale: Boris Johnson 'ought to honourably this morning be re-considering his position'Conservative MP Sir Roger Gale has said the prime minister should "honourably" be considering standing down following the by-election results. Gale, who has long criticised Johnson and was among those to go public with his letter of no confidence, says: "Spin them how you like the by- election results in Tiverton & Honiton and in Wakefield are another vote of no-confidence in a Prime Minister that ought to honourably this morning be re-considering his position."Commiserations to Conservative candidates who deserved better. The soul of our Party is at stake."Gale adds: "Oliver Dowden is a decent and honourable man who has clearly decided that he can no longer defend the indefensible."Oliver Dowden's resignation: What happens next?Boris JohnsonJacob King/PA/Getty ImagesThe shock resignation of Oliver Dowden is reopening questions about Boris Johnson's grip on power, just two weeks after he narrowly won a confidence vote among his own MPs. While the rules of the party mean the prime minister should theoretically be safe from challenges for another year, sources have told Insider that those rules are not set in stone. Simply put, if there are enough calls for him to go from new corners, we could see another vote in weeks or months. Dowden's resignation is also likely to bring foward the reshuffle, which was expected to be held in July. However Johnson is currently in Rwanda and has a string of international events to attend that will keep him out of the country until next week. One MP told Insider: "He has to replace Dowden. He can do it anywhere, anytime, but assume he will want to be in Downing Street."More immediately, the question is who will replace Dowden on the morning's media round?Oliver Dowden's resignation letter in fullOliver Dowden, the Conservative Party chairman, has resigned following the dire by-election results in Wakefield and Tiverton & Honiton. Here is his letter in full. —Oliver Dowden (@OliverDowden) June 24, 2022 Keir Starmer: Country has lost confidence in the ToriesKier Starmer (right) campaigning alongside Simon LightwoodIan Forsyth/Getty ImagesSir Keir Starmer, the Labour party leader, has said the win in Wakefield shows "the country has lost confidence in the Tories".This is likely an allusion to the confidence vote in Boris Johnson, in which 148 of his own backbencher voted against him.Starmer adds:"This result is a clear judgement on a Conservative Party that has run out of energy and ideas. Britain deserves better."Wakefield has voted Labour because we have the solutions for the challenges facing the British people. The Labour Party is back on the side of working people, winning seats where we lost before, and ready for government." Tory candidate in Tiverton & Honiton 'locked herself in room'Shortly before the results were announced at Tiverton & Honiton this morning, it seems the Conservative candidate Helen Hurford locked herself in a room. —Tess de la Mare (@TessdelaMare) June 24, 2022 —Theo Usherwood (@theousherwood) June 24, 2022 Number crunching: The vote in Tiverton & HonitonThe result in Wakefield is a big loss to Boris Johnson's Conservatives, who have spent much political capital courting the Red Wall vote. However, the result in Tiverton & Honiton will arguably worry the Tories more. The majority was much higher, meaning Richard Foord's success required a larger swing. Much like North Shropshire, which the party lost late last year, it is a 'Blue Wall' seat of traditional Tory voters. It was also predominantly a Leave-backing seat. All that will make today's results pretty grim reading for the party. Here's what the figures look like: —Britain Elects (@BritainElects) June 24, 2022 Richard Foord: Boris Johnson has overstayed his welcomeRichard Foord (C) reacts to the result in Tiverton & Honiton on June 24, 2022Finnbarr Webster/Getty ImagesThe Liberal Democrats' Richard Foord overturned a majority of more than 24,000 – a swing of almost 30 per cent – to take Tiverton & Honiton from the Tories. Foord said it was a referendum on Johnson's beleagured leadership, after 148 of his own MPs voted against the prime minister."There is a real feeling now that he has overstayed his welcome as our prime minister," Foord told Sky News.Simon Lightwood: I am still waiting for Boris Johnson to come to WakefieldSimon Lightwood, middle, in Wakefield ahead of the resultsIan Forsyth/Getty ImageThe new Labour MP for Wakefield has criticised Boris Johnson for not turning up once to campaign in the seat. Speaking to Sky News after his win, Simon Lightwood said: "People are absolutely tired of the lies and deceit that we have seen from the prime minister ande demanding change and tonight is a demonstration of that."He defended Labour leader Sir Keir Starmer, who has been criticised for not being more forceful in pushing back against Johnson. "I think we have seen here in Wakefield that he is making the impact we need to make and making progress for the Labour Party," Lightwood said. "[Starmer] has been here three times, and really energeised the campaign and I am still waiting for the prime minister."Number crunching: The vote in WakefieldThe Red Wall seat of Wakefield has returned to Labour, after it fell to the Conservatives in 2019. The party's Simon Lightwood won the seat with nearly half the total votes - here is how that looks:—Britain Elects (@BritainElects) June 24, 2022 Analysis: Pressure is on after Tories lose both by-electionsGood Morning. The UK is waking up to the news that the Conservatives have lost both by-elections, piling further pressure onto Boris Johnson. The Red Wall seat of Wakefield had been expected to swing back to Labour, but Tories had still be hopeful that Tiverton & Honiton would remain blue, albiet with a smaller majority. But the by-election has ended such hopes, and laid bare the scale of the challenge now facing Johnson's Conservatives in both the Red Wall and traditional Tory areas."It would be a real mistake for the Conservatives to retain Boris Johsnon as their leader and it could be electoral suicide for them," Richard Foord told Sky News after winning.He said Johnson should take a lesson from Neil Parish, his predecessor, who resigned over allegations he was watching pornography in the House of Commons.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderJun 24th, 2022

Precision BioSciences" (DTIL) Stock Up This Week: Here"s Why

Shares of Precision BioSciences (DTIL) are up as the company inks a gene-editing deal with Novartis to develop a potentially curative treatment for disorders like sickle cell disease. Shares of Precision BioSciences, Inc. DTIL have remained up so far this week as the company has entered into an exclusive worldwide in vivo gene-editing collaboration and license agreement with Swiss pharma giant, Novartis NVS.Under the terms of the deal, Precision BioSciences will develop a single ARCUS nuclease designed for safe and efficient in vivo gene insertion in the genome as a potentially curative treatment for certain blood disorders like sickle cell disease and beta thalassemia.Shares of Precision BioSciences have plunged 79.9% so far this year compared with the industry’s decline of 26.4%.Image Source: Zacks Investment ResearchPer the above agreement, along with developing an ARCUS nuclease, Precision BioSciences will conduct in vitro characterization while Novartis will be solely responsible for the subsequent research and development, manufacturing, as well as commercialization activities.Precision BioSciences will be entitled to receive an upfront payment of $75 million from NVS. The company is also eligible to receive up to an additional $1.4 billion as future milestone payments as well as tiered royalties on net sales if a product is commercialized from the above collaboration.The partnership is looking to leverage Precision BioSciences’ proprietary ARCUS genome-editing platform and gene-insertion capabilities with Novartis’ expertise in drug discovery and gene therapy.Along with the earnings release of the first quarter of 2022, Precision BioSciences said that its current cash and cash equivalents will be sufficient to fund its operating expenses and capital expenditure requirements into mid-2023.However, upon completion of the latest transaction with Novartis, Precision BioSciences now expects its current cash and cash equivalents to fund its operating expenses and capital expenditure requirements through the second quarter of 2024.Precision BioSciences currently does not have any approved product in its portfolio. As a result, the company is yet to generate revenues from product sales.However, the company also generates revenues from collaboration agreements related to some upfront and milestone payments.DTIL is engaged in developing CAR-T candidates using its proprietary ARCUS genome-editing platform. Using this technology, the company has developed many candidates, out of which three are undergoing clinical development.Precision BioSciences also has a collaboration agreement with Eli Lilly to discover and develop in vivo gene-editing products using the former’s ARCUS nucleases.Zacks Rank & Other Stocks to ConsiderPrecision BioSciences currently carries a Zacks Rank #2 (Buy). Other stocks worth considering in the biotech sector are Leap Therapeutics, Inc. LPTX and Aeglea BioTherapeutics, Inc. AGLE, both carrying the same Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.The Zacks Consensus Estimate for Leap Therapeutics’ loss per share has narrowed 11.1% for 2022 and 5.9% for 2023 in the past 60 days.Earnings of Leap Therapeutics have surpassed estimates in three of the trailing four quarters and missed the same on the other occasion. LPTX delivered an earnings surprise of 1.92%, on average.Aeglea BioTherapeutics’ loss per share estimates narrowed 19.4% for 2022 and 37.5% for 2023 in the past 60 days.Earnings of Aeglea BioTherapeutics has surpassed estimates in two of the trailing four quarters and missed the same on the other two occasions. AGLE delivered an earnings surprise of 9.47%, on average. Zacks' Top Picks to Cash in on Electric Vehicles Big money has already been made in the Electric Vehicle (EV) industry. But, the EV revolution has not hit full throttle yet. There is a lot of money to be made as the next push for future technologies ramps up. Zacks’ Special Report reveals 5 picks investorsSee 5 EV Stocks With Extreme Upside Potential >>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 Novartis AG (NVS): Free Stock Analysis Report Aeglea BioTherapeutics, Inc. (AGLE): Free Stock Analysis Report Leap Therapeutics, Inc. (LPTX): Free Stock Analysis Report Precision BioSciences, Inc. (DTIL): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJun 23rd, 2022

Here Is Why Bargain Hunters Would Love Fast-paced Mover Quanex (NX)

Quanex (NX) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen. Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher."Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead of their future growth potential. In such a situation, investors find themselves loaded up on expensive shares with limited to no upside or even a downside. So, going all-in on momentum could be risky at times.A safer approach could be investing in bargain stocks with recent price momentum. While the Zacks Momentum Style Score (part of the Zacks Style Scores system) helps identify great momentum stocks by paying close attention to trends in a stock's price or earnings, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced.Quanex Building Products (NX) is one of the several great candidates that made it through the screen. While there are numerous reasons why this stock is a great choice, here are the most vital ones:A dash of recent price momentum reflects growing interest of investors in a stock. With a four-week price change of 9.3%, the stock of this housing materials maker is certainly well-positioned in this regard.While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. NX meets this criterion too, as the stock gained 0.2% over the past 12 weeks.Moreover, the momentum for NX is fast paced, as the stock currently has a beta of 1.48. This indicates that the stock moves 48% higher than the market in either direction.Given this price performance, it is no surprise that NX has a Momentum Score of A, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success.In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped NX earn a Zacks Rank #1 (Strong Buy). Our research shows that the momentum-effect is quite strong among Zacks Rank #1 and #2 stocks. That's because as covering analysts raise their earnings estimates for a stock, more and more investors take an interest in it, helping its price race to keep up. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Most importantly, despite possessing fast-paced momentum features, NX is trading at a reasonable valuation. In terms of Price-to-Sales ratio, which is considered as one of the best valuation metrics, the stock looks quite cheap now. NX is currently trading at 0.62 times its sales. In other words, investors need to pay only 62 cents for each dollar of sales.So, NX appears to have plenty of room to run, and that too at a fast pace.In addition to NX, there are several other stocks that currently pass through our 'Fast-Paced Momentum at a Bargain' screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies.Click here to sign up for a free trial to the Research Wizard today. Zacks' Top Picks to Cash in on Electric Vehicles Big money has already been made in the Electric Vehicle (EV) industry. But, the EV revolution has not hit full throttle yet. There is a lot of money to be made as the next push for future technologies ramps up. Zacks’ Special Report reveals 5 picks investorsSee 5 EV Stocks With Extreme Upside Potential >>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 Quanex Building Products Corporation (NX): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJun 23rd, 2022

5 Quality ETFs to Buy Now

Quality products reduce volatility when compared to plain vanilla funds and hold up rather well during market swings. Wall Street has been struggling this year, buoyed by decades-high inflation, the Russia-Ukraine conflict and Fed’s aggressive tightening policy. Investors have increasingly been concerned that the economy will plunge into recession.Against such a backdrop, investors should focus on high-quality investing. Quality stocks are rich in value characteristics with a healthy balance sheet, high return on capital, low volatility, elevated margins, and a track of stable or rising sales and earnings growth. These products thus reduce volatility when compared to plain vanilla funds and hold up rather well during market swings. Further, academic research shows that high-quality companies consistently deliver superior risk-adjusted returns than the broader market over the long term.Given this, we have highlighted five ETFs targeting this niche strategy. iShares Edge MSCI USA Quality Factor ETF QUAL, Invesco S&P 500 Quality ETF SPHQ, ALPS Barron's 400 ETF BFOR, FlexShares Quality Dividend Index Fund QDF and SPDR MSCI USA StrategicFactors ETF QUS could enjoy smooth trading and generate market-beating returns in the current market environment.The market sell-off aggravated in recent weeks when the Fed raised interest rates by 75 bps in its latest FOMC meeting — the biggest increase since 1994 — and signaled continued tightening ahead, which could further weigh on stocks. Fed Chair Jerome Powell said another hike of 50 or 75 bps at the next meeting in July is likely. An increase in interest rates means higher loan rates for consumers and businesses, including mortgages, credit cards and auto loans that will likely cut consumer spending (read: Long/Short ETFs to Consider Amid Market Turmoil).Additionally, the rounds of data suggest a slowdown in economic activity in the key sectors. Mortgage rates reached their highest level in more than 13 years, while retail sales registered a bigger-than-expected drop in May as record gasoline prices prompted households to cut back on spending.With skyrocketing inflation and a weak macroeconomic backdrop, the World Bank has warned of a recession and slashed its global growth forecast. It now expects the global economy to expand 2.9% this year, down from 5.7% growth in 2021 and lower than the 4.1% expectation projected in January. The World Bank cautioned that many countries could fall into recession as the economy slips into a period of stagflation reminiscent of the 1970s.Goldman Sachs forecast a 30% chance of the U.S. economy tipping into recession over the next year, while economists at Morgan Stanley placed the odds of a U.S. recession for the next 12 months at around 35%.iShares Edge MSCI USA Quality Factor ETF (QUAL)With AUM of $18.5 billion, iShares Edge MSCI USA Quality Factor ETF provides exposure to large and mid-cap stocks exhibiting positive fundamentals (high return on equity, stable year-over-year earnings growth and low financial leverage) by tracking the MSCI USA Sector Neutral Quality Index. It holds 125 stocks in its basket, with each making up no more than a 4.1% share.iShares Edge MSCI USA Quality Factor ETF charges 15 bps in annual fees and trades in an average daily volume of 1.7 million shares (read: 5 Recession-Proof ETFs for Your Portfolio).Invesco S&P 500 Quality ETF (SPHQ)Invesco S&P 500 Quality ETF tracks the S&P 500 Quality Index, a benchmark of S&P 500 stocks that have the highest-quality score based on three fundamental measures — return on equity, accruals ratio and financial leverage ratio.Holding 102 stocks in its basket, Invesco S&P 500 Quality ETF has amassed $3.3 billion in its asset base and trades in an average daily volume of 1.4 million shares. It charges 15 bps in fees per year.ALPS Barron's 400 ETF (BFOR)With AUM of $120.9 million, ALPS Barron's 400 ETF follows the Barron's 400 Index, which offers investors exposure to the high-performing securities of U.S. companies. It uses MarketGrader's fundamental analysis to select the stocks based on the strength of their fundamentals in growth, value, profitability and cash flow and then screens such components for certain criteria regarding concentration, market capitalization and liquidity.ALPS Barron's 400 ETF holds 421 stocks in its basket, with none making up for more than 0.45% of assets. It charges 65 bps in annual fees and trades in a volume of 7,000 shares per day on average.FlexShares Quality Dividend Index Fund (QDF)FlexShares Quality Dividend Index Fund follows the Northern Trust Quality Dividend Index and maximizes exposure to quality and dividends while maintaining a beta near 1. It is home to 128 stocks in its basket, with none making up for more than 8.1% of assets (read: Dividend Aristocrat ETFs to Stay Afloat Amid Likely Recession).FlexShares Quality Dividend Index Fund has amassed $1.5 billion in its asset base while trades in an average daily volume of 74,000 shares. It charges 37 bps in fees per year from investors.SPDR MSCI USA StrategicFactors ETF (QUS)SPDR MSCI USA StrategicFactors ETF offers exposure to stocks that have a combination of low volatility, quality and value factor strategies. This is done by tracking the MSCI USA Factor Mix A-Series Capped Index. SPDR MSCI USA StrategicFactors ETF holds 626 stocks in its basket, with each accounting for less than 3% share.SPDR MSCI USA StrategicFactors ETF has attracted $785.4 million in its asset base while trading an average daily volume of 39,000 shares. It charges 15 bps in fees per year from investors.Bottom LineQuality ETFs often provide a hedge against market volatility. Adding any of the above-mentioned products to one’s long-term portfolio could be a good move given their credit worthiness and soundness. Want key ETF info delivered straight to your inbox? Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.Get it free >>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 iShares MSCI USA Quality Factor ETF (QUAL): ETF Research Reports FlexShares Quality Dividend ETF (QDF): ETF Research Reports Invesco S&P 500 Quality ETF (SPHQ): ETF Research Reports BARRONS400 ETF (BFOR): ETF Research Reports SPDR MSCI USA StrategicFactors ETF (QUS): ETF Research Reports To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJun 23rd, 2022

Despite Fast-paced Momentum, DXP Enterprises (DXPE) Is Still a Bargain Stock

DXP Enterprises (DXPE) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen. Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher."Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potential fails to justify their swelled-up valuation. In that phase, investors find themselves invested in shares that have limited to no upside or even a downside. So, betting on a stock just by looking at the traditional momentum parameters could be risky at times.A safer approach could be investing in bargain stocks with recent price momentum. While the Zacks Momentum Style Score (part of the Zacks Style Scores system) helps identify great momentum stocks by paying close attention to trends in a stock's price or earnings, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced.There are several stocks that currently pass through the screen and DXP Enterprises (DXPE) is one of them. Here are the key reasons why this stock is a great candidate.Investors' growing interest in a stock is reflected in its recent price increase. A price change of 0.1% over the past four weeks positions the stock of this industrial products supplier well in this regard.While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. DXPE meets this criterion too, as the stock gained 4.3% over the past 12 weeks.Moreover, the momentum for DXPE is fast paced, as the stock currently has a beta of 2.15. This indicates that the stock moves 115% higher than the market in either direction.Given this price performance, it is no surprise that DXPE has a Momentum Score of A, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success.In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped DXPE earn a Zacks Rank #1 (Strong Buy). Our research shows that the momentum-effect is quite strong among Zacks Rank #1 and #2 stocks. That's because as covering analysts raise their earnings estimates for a stock, more and more investors take an interest in it, helping its price race to keep up. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Most importantly, despite possessing fast-paced momentum features, DXPE is trading at a reasonable valuation. In terms of Price-to-Sales ratio, which is considered as one of the best valuation metrics, the stock looks quite cheap now. DXPE is currently trading at 0.46 times its sales. In other words, investors need to pay only 46 cents for each dollar of sales.So, DXPE appears to have plenty of room to run, and that too at a fast pace.In addition to DXPE, there are several other stocks that currently pass through our 'Fast-Paced Momentum at a Bargain' screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies.Click here to sign up for a free trial to the Research Wizard today. 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 DXP Enterprises, Inc. (DXPE): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJun 22nd, 2022

The best iPad cases in 2022

A great iPad case should add protection and style to your device. Here are the best iPad cases we've tested for 2022. When you buy through our links, Insider may earn an affiliate commission. Learn more.LogitechCases for iPads not only offer protection, but many also offer a way to prop up your iPad for hands-free use, like watching videos.Some cases can also turn your iPad into a capable, compact productivity machine by including a keyboard and trackpad in an all-in-one package. That's way more useful than tugging along a wireless Bluetooth keyboard and mouse.Learn more about how Insider Reviews tests and researches tech products.Here are the best iPad cases of 2022:Best iPad case overall: ESR Cases, from $29.99 at ESRESR's lineup of iPad cases offer a variety of styles, colors, and protection at affordable prices.Best iPad cases from Apple: Magic Keyboard Case, $299 at AppleApple's own cases emphasize style and function, but often fall short on protection.Best iPad keyboard case: Logitech Combo Touch, $160.99 at AmazonThe Logitech Combo Touch offers full tablet protection, backlit keys, a great typing experience, and is more affordable than Apple's Magic Keyboard. Best iPad case for protection: OtterBox cases, from $49.95 at OtterBoxOtterBox cases offer a huge amount of protection without adding too much bulk.Best iPad case for watching video: Zugu cases, from $69.99 at ZuguZugu cases feature great all-around protection and come with a magnetic kickstand that offers eight different viewing angles.Best overall iPad casesESRESR's lineup of iPad cases offer a variety of styles, colors, and protection at affordable prices.ESR offers something for everyone when it comes to iPad cases, whether it's extra protection to go along with your Apple Smart Cover, full coverage, kickstand options, or a case with a built-in Apple Pencil holder. Few case makers have this many options for price and protection. The majority of ESR's cases are made with TPU — a type of polyurethane plastic which provides a thin layer of rubber-like protection. This is normally enough to protect against bumps, scratches, and scrapes, but probably wouldn't do so well in a bigger drop.The more rugged cases are made from even tougher plastic, which should do a better job at keeping your iPad safe from unfortunate mishaps.ESR cases might not be the fanciest or the most protective on the market, but they are well-made and offer a great deal of value for those looking to find the perfect case for their new iPad. The company also has options for iPads from 2018.Worth a look:Best iPad cases from AppleAppleApple's own cases emphasize style and function, but often fall short on protection. Apple products usually come at a premium, and that's no different with its iPad cases. Apple's cases are expensive, but also sleek and functional. The $49 Smart Cover is a thin piece of polyurethane that protects the device's display and connects magnetically to the iPad. It comes in a variety of colors and can be folded into different positions to create a stand for reading, viewing, and drawing. The design is simple and effective, but leaves the back and sides of the iPad unprotected.The $49 Smart Cover is a thin piece of polyurethane that protects the device's display and connects magnetically to the iPad. It comes in a variety of colors and can be folded into different positions to create a stand for reading, viewing, and drawing. The design is simple and effective, but leaves the back and sides of the iPad  unprotected.Those looking for all-around protection may want to consider the Smart Folio, which is similar in appearance to the Smart cover, but is made from a single piece of polyurethane that protects both the front and back of the iPad. The Smart Folio starts at $79, and is light, sleek, and perfect for those looking for an attractive case to protect against scrapes and bumps. Apple products usually come at a premium, and that's no different with its iPad cases. They are, however, ultra-premium, sleek, and functional.  Unfortunately, none of Apple's own cases for iPads are very protective. While they usually cover the screen and the back, they often leave the iPad's edges unprotected. If you want better protection, you'll do better by looking elsewhere. The $49 Smart Cover is a thin piece of polyurethane that protects the device's display and connects magnetically to the iPad's left edge. It can be folded into a triangle shape to create a stand for reading, viewing, and drawing. The design is simple and effective, but leaves the back and sides of the iPad unprotected.The Smart Folio for the iPad Air and iPad Pro series is similar in appearance to the Smart cover, but is made from a single piece of polyurethane that protects both the front and back of the iPad. The Smart Folio starts at $79, and is light, sleek, and perfect for those looking for an attractive case to protect against scrapes. Apple's most impressive case is the $299 Magic Keyboard for the iPad Pro and iPad Air. This keyboard case and trackpad combination transforms the iPad into a viable laptop replacement. The case uses a clever magnetic design to create a one-piece stand and keyboard that is both thin and highly functional. The Magic Keyboard lacks protection on the sides of the iPad. (An iPad of ours suffered a crack in the screen when it fell inside the previous generation Magic Keyboard case). There are other worthy keyboard cases on the market that address this problem, but few are as well-made as the Magic Keyboard.Worth a look:Best iPad keyboard caseLogitechThe Logitech Combo Touch offers full tablet protection, backlit keys, a great typing experience, and is more affordable than Apple's Magic Keyboard. The Logitech Combo Touch features two parts: a protective back case and a removable keyboard and trackpad that connects via the smart connector while doubling as a front cover. The back case folds out into a kickstand with plenty of viewing and writing angles. A magnet holds the kickstand shut when it's not in use.This keyboard case adds heft to the iPad, but it is a small price to pay for such a versatile case. We find the keyboard to be a perfect size for small hands, but those with larger hands might think it's a bit cramped. We wish the trackpad was slightly larger, but we find it perfectly usable at its current size.The gestures on the trackpad work well, and we have no problem zipping around our iPad without ever touching the display. The addition of backlighting on the keyboard makes this case a great nighttime companion, as we can clearly see the keys in the dark. The type cover is easy to pull on and off, which helps to make the Logitech Combo Touch great for typing, reading, drawing, and viewing. It comes in either Oxford Gray or Sand.Worth a look:Best iPad case for protectionOtterboxOtterBox cases offer a huge amount of protection without adding too much bulk.OtterBox, known for its protective cases, makes traditional iPad folio cases, like the Symmetry Series and the Symmetry Series 360, but it's the Defender Series Pro that really stands out. The Defender Series Pro offers the most over-the-top protection that we've ever seen in an iPad case. It features three layers: an inner thin plastic covering over the front and back of the iPad, followed by a rubber slipcover, topped off by a hard plastic back that acts as a stand and display protector. We needed a video tutorial to figure out how to install and remove the case. But our iPad seemed invincible once it was inside. It's hard to guarantee that the Defender Series Pro will protect your iPad in every situation, but our iPad did survive a 4-foot drop from our bed to the floor without a scratch. Our biggest concern with the Defender Series Pro lies in its clunky kickstand. The iPad rests awkwardly between the raised corners of the outer case and raised middle hinge — leaving the tablet less secure than we would want.The Defender Series Pro only comes in black and certainly isn't the most fashionable case, but it makes up for that in protection.Worth a look: Best iPad case for watching videoZuguZugu cases feature great all-around protection and come with a magnetic kickstand that offers eight different viewing angles. Zugu cases have some of the best viewing angles on the market.The Zugu Muse Case is made out of a thick layer of TPU plastic surrounded by a polycarbonate shell for enhanced drop protection. It features raised edges, a grooved folio cover, and a microfiber lining. There's a collapsible kickstand on the back of the case that magnetically connects to the grooves on the cover, creating eight viewing angles for reading, watching, and typing. Other case manufactures have emulated Zugu's design, but the strength of the magnets makes this case stand out. No matter what surface we put it on, the Zugu case stays locked into the correct viewing angle. It performs equally as well on a lumpy bean bag chair as it does on a hard table. We can even lightly shake the iPad without detaching the kickstand. The Zugu is also incredibly durable. We've used it every day for three years and have yet to see any wear and tear. It has been dropped, jostled, shoved into packed bags, and covered in pet hair, but it still works as well now as it did when we got it. We've also streamed thousands of hours of content while using this case and have always found just the right angle for every viewing position. The only downside to the Zugu is that it adds some bulk to our iPad. Despite the fact that it comes in up to five different colors, it's not the best-looking case you'll find.Worth a look: How we test and research iPad casesWe tested iPad cases on a variety of criteria to find our best picks. The quality and durability of the cases were judged based on the following factors: The build quality of the materials used in the caseHow easy it is to put on and remove the caseHow easy it is to clean the caseHow well the case withstands jostling in a packed bagTo test durability, we placed each case in a bag filled with books, notebooks, and accessories. We then walked approximately five blocks with the bag, before removing the iPad and checking for scratches, dents, or marks on the case or the device itself. We also dropped each case approximately 4-feet from a bed onto a carpeted floor and inspected the case and iPad for damage. Additionally, we evaluated keyboard cases by the accuracy of the trackpad and comfort of the typing experience. Life can get messy – which is why we wanted to test how easy it is to clean the cases. To do this, we enlisted the help of our enthusiastic long-haired dog, Toby.  We used the cases to gently pet his fur, then attempted to remove any accumulation from the case following manufacturing guidelines.What to consider when buying an iPad caseCompatibilityThe most important aspect of buying an iPad case is making sure that it fits the specific iPad model that you own, taking note of its generation number or the year it was released. It might be tempting to hang on to the old case for your previous iPad when buying a newer model, but their dimensions might be different. Apple currently sells five different iPad models:12.9-inch iPad Pro11- inch iPad Pro8.3-inch iPad Mini (2021)10.9-inch iPad Air (5th generation)10.2-inch iPad (9th generation)If you're not sure which model you own, open your iPad's settings menu and tap "General." Choose "About" and look at the field that says "Model Name."FeaturesThe next question you'll want to ask yourself is how you intend to use your case. Do you want a sleeve that's as slim as possible just for keeping your iPad safe from scratches? Or do you often find yourself propping up your iPad while watching movies and cooking? If so, you'll probably want an iPad case with an integrated kickstand. And then, of course, there are keyboard cases designed for those who take notes on their iPad. Think carefully about the scenarios in which you use your iPad the most before buying a case. BudgetAside from buying the right case for the iPad model you own, budget is the most critical factor to consider. Basic cases can cost $15 or less, while more sophisticated cases like those with keyboards, kickstands, and extra durable designs can cost $70 or more. There are also plenty of in-between options in the $30-$50 range that offer standard protection. The best keyboard cases, however, will usually cost more than $100.Read the original article on Business Insider.....»»

Category: dealsSource: nytJun 21st, 2022

Is Vanguard Extended Market Index Admiral (VEXAX) a Strong Mutual Fund Pick Right Now?

Mutual Fund Report for VEXAX There are plenty of choices in the Mutual Fund Equity Report category, but where should you start your research? Well, one fund that might be worth investigating is Vanguard Extended Market Index Admiral (VEXAX). VEXAX has no Zacks Mutual Fund Rank, but we have been able to look into other metrics like performance, volatility, and cost.History of Fund/ManagerVEXAX finds itself in the Vanguard Group family, based out of Malvern, PA. Vanguard Extended Market Index Admiral debuted in November of 2000. Since then, VEXAX has accumulated assets of about $22.41 billion, according to the most recently available information. The fund is currently managed by Donald Butler who has been in charge of the fund since November of 2000.PerformanceObviously, what investors are looking for in these funds is strong performance relative to their peers. VEXAX has a 5-year annualized total return of 9.01% and is in the bottom third among its category peers. If you're interested in shorter time frames, do not dismiss looking at the fund's 3-year annualized total return of 10.49%, which places it in the middle third during this time-frame.When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. Over the past three years, VEXAX's standard deviation comes in at 24.59%, compared to the category average of 16.78%. Looking at the past 5 years, the fund's standard deviation is 21.68% compared to the category average of 14.76%. This makes the fund more volatile than its peers over the past half-decade.Risk FactorsWith a 5-year beta of 1.21, the fund is likely to be more volatile than the market average. Because alpha represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which is the S&P 500 in this case, one should pay attention to this metric as well. VEXAX has generated a negative alpha over the past five years of -5.47, demonstrating that managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.HoldingsExamining the equity holdings of a mutual fund is also a valuable exercise. This can show us how the manager is applying their stated methodology, as well as if there are any inherent biases in their approach. For this particular fund, the focus is primarily on equities that are traded in the United States.This fund is currently holding about 98.24% stock in stocks, with an average market capitalization of $16.95 billion. The fund has the heaviest exposure to the following market sectors: Technology Finance Other With turnover at about 19%, this fund is making fewer trades than comparable funds.ExpensesAs competition heats up in the mutual fund market, costs become increasingly important. Compared to its otherwise identical counterpart, a low-cost product will be an outperformer, all other things being equal. Thus, taking a closer look at cost-related metrics is vital for investors. In terms of fees, VEXAX is a no load fund. It has an expense ratio of 0.06% compared to the category average of 0.98%. Looking at the fund from a cost perspective, VEXAX is actually cheaper than its peers.This fund requires a minimum initial investment of $3,000, and each subsequent investment should be at least $1.Bottom LineYour research on the Mutual Fund Equity Report segment doesn't have to stop here. You can check out all the great mutual fund tools we have to offer by going to www.zacks.com/funds/mutual-funds to see the additional features we offer as well for additional information. Want to learn even more? We have a full suite of tools on stocks that you can use to find the best choices for your portfolio too, no matter what kind of investor you are. 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 Get Your Free (VEXAX): Fund Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJun 21st, 2022

Is Fidelity Stock Selector Allocation Cap (FDSSX) a Strong Mutual Fund Pick Right Now?

Mutual Fund Report for FDSSX If you have been looking for Mutual Fund Equity Report funds, a place to start could be Fidelity Stock Selector Allocation Cap (FDSSX). FDSSX bears a Zacks Mutual Fund Rank of 2 (Buy), which is based on nine forecasting factors like size, cost, and past performance.History of Fund/ManagerFDSSX finds itself in the Fidelity family, based out of Boston, MA. Fidelity Stock Selector Allocation Cap debuted in September of 1990. Since then, FDSSX has accumulated assets of about $1.37 billion, according to the most recently available information. The fund's current manager, Geoffrey Stein, has been in charge of the fund since November of 2009.PerformanceInvestors naturally seek funds with strong performance. FDSSX has a 5-year annualized total return of 12.15% and it sits in the bottom third among its category peers. But if you are looking for a shorter time frame, it is also worth looking at its 3-year annualized total return of 15.66%, which places it in the middle third during this time-frame.When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. Compared to the category average of 16.01%, the standard deviation of FDSSX over the past three years is 19.01%. Over the past 5 years, the standard deviation of the fund is 17.49% compared to the category average of 14.08%. This makes the fund more volatile than its peers over the past half-decade.Risk FactorsInvestors should note that the fund has a 5-year beta of 1.05, so it is likely going to be more volatile than the market at large. Alpha is an additional metric to take into consideration, since it represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which in this case, is the S&P 500. FDSSX has generated a negative alpha over the past five years of -1.52, demonstrating that managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.HoldingsInvestigating the equity holdings of a mutual fund is also a valuable exercise. This can show us how the manager is applying their stated methodology, as well as if there are any inherent biases in their approach. For this particular fund, the focus is principally on equities that are traded in the United States.Right now, 96.22% of this mutual fund's holdings are stocks and it has a negligible amount of assets in foreign securities. With turnover at about 15%, this fund is making fewer trades than comparable funds.ExpensesCosts are increasingly important for mutual fund investing, and particularly as competition heats up in this market. And all things being equal, a lower cost product will outperform its otherwise identical counterpart, so taking a closer look at these metrics is key for investors. In terms of fees, FDSSX is a no load fund. It has an expense ratio of 0.69% compared to the category average of 0.99%. So, FDSSX is actually cheaper than its peers from a cost perspective.While the minimum initial investment for the product is $0, investors should also note that there is no minimum for each subsequent investment.Bottom LineOverall, Fidelity Stock Selector Allocation Cap ( FDSSX ) has a high Zacks Mutual Fund rank, and in conjunction with its comparatively weak performance, average downside risk, and lower fees, this fund looks like a great potential choice for investors right now.This could just be the start of your research on FDSSXin the Mutual Fund Equity Report category. Consider going to www.zacks.com/funds/mutual-funds for additional information about this fund, and all the others that we rank as well for additional information. Want to learn even more? We have a full suite of tools on stocks that you can use to find the best choices for your portfolio too, no matter what kind of investor you are. 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 Get Your Free (FDSSX): Fund Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksJun 21st, 2022

Is Franklin Corefolio Allocation A (FTCOX) a Strong Mutual Fund Pick Right Now?

Mutual Fund Report for FTCOX Looking for a Mutual Fund Equity Report fund? You may want to consider Franklin Corefolio Allocation A (FTCOX) as a possible option. FTCOX holds a Zacks Mutual Fund Rank of 3 (Hold), which is based on nine forecasting factors like size, cost, and past performance.History of Fund/ManagerFranklin Templeton is based in San Mateo, CA, and is the manager of FTCOX. Since Franklin Corefolio Allocation A made its debut in August of 2003, FTCOX has garnered more than $769.65 million in assets. The fund is currently managed by a team of investment professionals.PerformanceInvestors naturally seek funds with strong performance. This fund in particular has delivered a 5-year annualized total return of 7.96%, and is in the middle third among its category peers. But if you are looking for a shorter time frame, it is also worth looking at its 3-year annualized total return of 9.82%, which places it in the bottom third during this time-frame.When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. The standard deviation of FTCOX over the past three years is 17.84% compared to the category average of 15.99%. Over the past 5 years, the standard deviation of the fund is 16.22% compared to the category average of 14.01%. This makes the fund more volatile than its peers over the past half-decade.Risk FactorsInvestors should note that the fund has a 5-year beta of 0.97, so it is likely going to be as volatile as the market at large. Another factor to consider is alpha, as it reflects a portfolio's performance on a risk-adjusted basis relative to a benchmark-in this case, the S&P 500. The fund has produced a negative alpha over the past 5 years of -4.46, which shows that managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.HoldingsInvestigating the equity holdings of a mutual fund is also a valuable exercise. This can show us how the manager is applying their stated methodology, as well as if there are any inherent biases in their approach. For this particular fund, the focus is mostly on equities that are traded in the United States.As of the last filing date, the mutual fund has 80.97% of its assets in stocks and it has a negligible amount of assets in foreign securities. Turnover is 3.58%, which means this fund makes fewer trades than comparable funds.ExpensesFor investors, taking a closer look at cost-related metrics is key, since costs are increasingly important for mutual fund investing. Competition is heating up in this space, and a lower cost product will likely outperform its otherwise identical counterpart, all things being equal. In terms of fees, FTCOX is a load fund. It has an expense ratio of 0.42% compared to the category average of 0.86%. FTCOX is actually cheaper than its peers when you consider factors like cost.Investors should also note that the minimum initial investment for the product is $1,000 and that each subsequent investment has no minimum amount.Bottom LineOverall, Franklin Corefolio Allocation A ( FTCOX ) has a neutral Zacks Mutual Fund rank, and in conjunction with its comparatively similar performance, average downside risk, and lower fees, Franklin Corefolio Allocation A ( FTCOX ) looks like a somewhat average choice for investors right now.Don't stop here for your research on Mutual Fund Equity Report funds. We also have plenty more on our site in order to help you find the best possible fund for your portfolio. Make sure to check out www.zacks.com/funds/mutual-funds for more information about the world of funds, and feel free to compare FTCOX to its peers as well for additional information. Zacks provides a full suite of tools to help you analyze your portfolio - both funds and stocks - in the most efficient way possible. 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 Get Your Free (FTCOX): Fund Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksJun 21st, 2022

Here Is Why Bargain Hunters Would Love Fast-paced Mover GasLog Partners LP (GLOP)

GasLog Partners LP (GLOP) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices. Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher."Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potential fails to justify their swelled-up valuation. In that phase, investors find themselves invested in shares that have limited to no upside or even a downside. So, betting on a stock just by looking at the traditional momentum parameters could be risky at times.It could be safer to invest in bargain stocks that have been witnessing price momentum recently. While the Zacks Momentum Style Score (part of the Zacks Style Scores system), which pays close attention to trends in a stock's price or earnings, is pretty useful in identifying great momentum stocks, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced.There are several stocks that currently pass through the screen and GasLog Partners LP (GLOP) is one of them. Here are the key reasons why this stock is a great candidate.A dash of recent price momentum reflects growing interest of investors in a stock. With a four-week price change of 16.4%, the stock of this company is certainly well-positioned in this regard.While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. GLOP meets this criterion too, as the stock gained 2.7% over the past 12 weeks.Moreover, the momentum for GLOP is fast paced, as the stock currently has a beta of 2.65. This indicates that the stock moves 165% higher than the market in either direction.Given this price performance, it is no surprise that GLOP has a Momentum Score of B, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success.In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped GLOP earn a Zacks Rank #1 (Strong Buy). Our research shows that the momentum-effect is quite strong among Zacks Rank #1 and #2 stocks. That's because as covering analysts raise their earnings estimates for a stock, more and more investors take an interest in it, helping its price race to keep up. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Most importantly, despite possessing fast-paced momentum features, GLOP is trading at a reasonable valuation. In terms of Price-to-Sales ratio, which is considered as one of the best valuation metrics, the stock looks quite cheap now. GLOP is currently trading at 0.93 times its sales. In other words, investors need to pay only 93 cents for each dollar of sales.So, GLOP appears to have plenty of room to run, and that too at a fast pace.In addition to GLOP, there are several other stocks that currently pass through our 'Fast-Paced Momentum at a Bargain' screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies.Click here to sign up for a free trial to the Research Wizard 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 GasLog Partners LP (GLOP): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksJun 20th, 2022