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3 Non-US Mutual Funds for Superlative Returns

Below we share with you three top-ranked non-U.S. mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy). Non-U.S. mutual funds provide excellent choices for those looking to diversify their investments across a wide range of countries, including emerging and developed markets. Thus, investing in non-U.S. mutual funds may prove more profitable than in those with significant domestic exposure.Below we share with you three top-ranked non-U.S. mutual funds, viz., PGIM Jennison Emerging Markets Equity Opportunities Fund- Class R6 PDEQX, Vanguard International Growth Fund Investor Shares VWIGX, and John Hancock Emerging Markets Equity Fund Class A JEMQX. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of funds.PGIM Jennison Emerging Markets Equity Opportunities Fund- Class R6 aims for long-term growth of capital. PDEQX mostly invests in the equity and equity-related securities of companies in emerging markets countries.PGIM Jennison Emerging Markets Equity Opportunities Fund- Class R6 has three-year annualized returns of 35.5%. PDEQX has an expense ratio of 0.98% compared with the category average of 1.23%.Vanguard International Growth Fund Investor Shares seeks to provide long-term capital growth to its investors. VWIGX invests the majority of assets in securities of companies outside the United States.Vanguard International Growth Fund Investor Shares invests across all market capitalizations and has three-year annualized returns of 28.4%. James K. Anderson is the fund manager of VWIGX since 2003.John Hancock Emerging Markets Equity Fund Class A aims for long-term capital growth. JEMQX invests the majority of its assets in equity and equity-related securities of emerging-market issuers.John Hancock Emerging Markets Equity Fund Class A has three-year annualized returns of 17.3%. As of the end of September 2021, JEMQX held 70 issues with 5.1% of its assets invested in Taiwan Semiconductor Manufacturing Co Ltd.To view the Zacks Rank and past performance of all non-U.S. mutual funds, investors can click here to see the complete list of funds.Want key mutual fund info delivered straight to your inbox?Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >> Tech IPOs With Massive Profit Potential: Last years top IPOs surged as much as 299% within the first two months. With record amounts of cash flooding into IPOs and a record-setting stock market, this year could be even more lucrative. See Zacks’ Hottest Tech IPOs 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 Get Your Free (VWIGX): Fund Analysis Report Get Your Free (PDEQX): Fund Analysis Report Get Your Free (JEMQX): Fund Analysis Report To read this article on Zacks.com click here. Zacks Investment Research 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.....»»

Category: topSource: ZACKS54 min. ago Related News

Nice Relief Rally on Biotech Assurances, Home Sales Data

The Dow crossed back north of 35K, +236 points or +0.68%, while the S&P 500 put up its best trading day in six weeks. Three out of the four major stock market indexes closed higher Monday — a quick relief rally filling in gaps from Friday’s 2%+ sell-off. The Dow crossed back north of 35K, +236 points or +0.68%. The S&P 500 put up its best trading day in six weeks, +1.32%, while the Nasdaq won the day, +1.88% or +291 points. Only the small-cap Russell 2000 was down slightly, -0.18%.With assurances from Moderna MRNA that the new Omicron variant of Covid-19 would be met with a vaccine early next year, this sent shares of the Cambridge, MA biotech up nearly +12% on the day. (On the flip side, Novavax NVAX lost -11% Monday on a vaccine setback reported in India today.) But the Moderna news provided a nice backstop for investors not only concerned about the highly contagious Omicron variant, but unsure how widespread the economic damage might reach, as of last Friday.Pending Home Sales for October were released this morning after the opening bell, with a big surprise to the upside: +7.5% was well ahead of the +0.7% analysts were expecting, and nearly +10% from the previous month’s -2.4%. This, even as the average rate on a 30-year fixed mortgage rose from sub-3% to 3.22% by late October. Overall, sales were -1.4% off the pace of the same month a year ago, but pre-closed housing sales looks alive and well in late 2021.In fact, 2021 is shaping up to be the best year in U.S. home sales since 2005, at 6+ million. As we’ve seen in other housing data of late, the Midwest was the hottest region, +11.8% month over month, followed by the South at +8.0% and the Northeast at +6.9%. The West — generally the hottest housing market over the last couple years — was still positive last month, +2.1% month over month.One development we see in pending home sales of late is a real lack of supply, now sitting at 2.4 months. Total housing inventory among already-owned houses has dropped -12% year over year; it would seem part of what’s affecting things in this space is the lack of interest in selling among current homeowners. We also are approaching winter months, where seasonal drawbacks in the Midwest and Northeast cool homebuying until the spring.Tomorrow morning brings us Case-Shiller Home Price Index data for the month of September. Home prices have shifted into a higher gear since the Covid-19 pandemic took hold in March of 2020, and the last month reported showed a healthy +19.7% growth month over month. We’ve not seen one down month in this long cycle, although September did represent softness in many other economic metrics already reported.Questions or comments about this article and/or its author? Click here>> Investor Alert: Legal Marijuana Looking for big gains? Now is the time to get in on a young industry primed to skyrocket from $13.5 billion in 2021 to an expected $70.6 billion by 2028. After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could kick start an even greater bonanza for investors. Zacks Investment Research has recently closed pot stocks that have shot up as high as +147.0% You’re invited to immediately check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.Today, Download Marijuana Moneymakers 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 Moderna, Inc. (MRNA): Free Stock Analysis Report Novavax, Inc. (NVAX): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research 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.....»»

Category: topSource: ZACKS9 hr. 37 min. ago Related News

Navigator Holdings (NVGS) Surpasses Q3 Earnings and Revenue Estimates

Navigator Holdings (NVGS) delivered earnings and revenue surprises of 66.67% and 4.33%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock? Navigator Holdings (NVGS) came out with quarterly earnings of $0.10 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.03 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 66.67%. A quarter ago, it was expected that this transportaion company for the natural gas and and chemical industry would post earnings of $0.13 per share when it actually produced earnings of $0.01, delivering a surprise of -92.31%.Over the last four quarters, the company has surpassed consensus EPS estimates just once.Navigator Holdings, which belongs to the Zacks Transportation - Shipping industry, posted revenues of $85.97 million for the quarter ended September 2021, surpassing the Zacks Consensus Estimate by 4.33%. This compares to year-ago revenues of $66.77 million. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Navigator Holdings shares have lost about 26.7% since the beginning of the year versus the S&P 500's gain of 22.3%.What's Next for Navigator Holdings?While Navigator Holdings has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this earnings release, the estimate revisions trend for Navigator Holdings was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #5 (Strong Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.24 on $100.14 million in revenues for the coming quarter and $0.38 on $309.06 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Transportation - Shipping is currently in the top 24% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Investor Alert: Legal Marijuana Looking for big gains? Now is the time to get in on a young industry primed to skyrocket from $13.5 billion in 2021 to an expected $70.6 billion by 2028. After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could kick start an even greater bonanza for investors. Zacks Investment Research has recently closed pot stocks that have shot up as high as +147.0% You’re invited to immediately check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.Today, Download Marijuana Moneymakers 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 Navigator Holdings Ltd. (NVGS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: ZACKS9 hr. 37 min. ago Related News

Golub Capital BDC (GBDC) Q4 Earnings Meet Estimates

Golub Capital BDC (GBDC) delivered earnings and revenue surprises of 0% and 0.36%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock? Golub Capital BDC (GBDC) came out with quarterly earnings of $0.30 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.28 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this business development company would post earnings of $0.30 per share when it actually produced earnings of $0.29, delivering a surprise of -3.33%.Over the last four quarters, the company has surpassed consensus EPS estimates just once.Golub Capital BDC, which belongs to the Zacks Financial - SBIC & Commercial Industry industry, posted revenues of $81.11 million for the quarter ended September 2021, missing the Zacks Consensus Estimate by 0.36%. This compares to year-ago revenues of $72.01 million. The company has topped consensus revenue estimates two times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Golub Capital BDC shares have added about 6.2% since the beginning of the year versus the S&P 500's gain of 22.3%.What's Next for Golub Capital BDC?While Golub Capital BDC has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this earnings release, the estimate revisions trend for Golub Capital BDC was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.30 on $84.04 million in revenues for the coming quarter and $1.18 on $343.88 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - SBIC & Commercial Industry is currently in the top 42% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Investor Alert: Legal Marijuana Looking for big gains? Now is the time to get in on a young industry primed to skyrocket from $13.5 billion in 2021 to an expected $70.6 billion by 2028. After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could kick start an even greater bonanza for investors. Zacks Investment Research has recently closed pot stocks that have shot up as high as +147.0% You’re invited to immediately check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.Today, Download Marijuana Moneymakers 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 Golub Capital BDC, Inc. (GBDC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: ZACKS11 hr. 37 min. ago Related News

Kinder Morgan (KMI) Stock Sinks As Market Gains: What You Should Know

Kinder Morgan (KMI) closed the most recent trading day at $16.01, moving -1.54% from the previous trading session. Kinder Morgan (KMI) closed the most recent trading day at $16.01, moving -1.54% from the previous trading session. This change lagged the S&P 500's 1.32% gain on the day. Meanwhile, the Dow gained 0.68%, and the Nasdaq, a tech-heavy index, lost 0.15%.Heading into today, shares of the oil and natural gas pipeline and storage company had lost 2.93% over the past month, outpacing the Oils-Energy sector's loss of 6.8% and lagging the S&P 500's gain of 3.61% in that time.Kinder Morgan will be looking to display strength as it nears its next earnings release. In that report, analysts expect Kinder Morgan to post earnings of $0.26 per share. This would mark a year-over-year decline of 3.7%. Our most recent consensus estimate is calling for quarterly revenue of $3.39 billion, up 8.75% from the year-ago period.For the full year, our Zacks Consensus Estimates are projecting earnings of $1.32 per share and revenue of $15.59 billion, which would represent changes of +50% and +33.29%, respectively, from the prior year.Any recent changes to analyst estimates for Kinder Morgan should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.99% lower. Kinder Morgan currently has a Zacks Rank of #3 (Hold).In terms of valuation, Kinder Morgan is currently trading at a Forward P/E ratio of 12.35. This valuation marks a discount compared to its industry's average Forward P/E of 14.91.Meanwhile, KMI's PEG ratio is currently 4.12. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. KMI's industry had an average PEG ratio of 4.18 as of yesterday's close.The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 102, which puts it in the top 41% of all 250+ industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.To follow KMI in the coming trading sessions, be sure to utilize Zacks.com. Investor Alert: Legal Marijuana Looking for big gains? Now is the time to get in on a young industry primed to skyrocket from $13.5 billion in 2021 to an expected $70.6 billion by 2028. After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could kick start an even greater bonanza for investors. Zacks Investment Research has recently closed pot stocks that have shot up as high as +147.0% You’re invited to immediately check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.Today, Download Marijuana Moneymakers 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 Kinder Morgan, Inc. (KMI): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: ZACKS11 hr. 37 min. ago Related News

Bank of America (BAC) Stock Sinks As Market Gains: What You Should Know

Bank of America (BAC) closed the most recent trading day at $45.59, moving -0.37% from the previous trading session. Bank of America (BAC) closed the most recent trading day at $45.59, moving -0.37% from the previous trading session. This change lagged the S&P 500's 1.32% gain on the day. Meanwhile, the Dow gained 0.68%, and the Nasdaq, a tech-heavy index, lost 0.15%.Prior to today's trading, shares of the nation's second-largest bank had lost 4.23% over the past month. This has lagged the Finance sector's loss of 3.63% and the S&P 500's gain of 3.61% in that time.Bank of America will be looking to display strength as it nears its next earnings release, which is expected to be January 19, 2022. In that report, analysts expect Bank of America to post earnings of $0.78 per share. This would mark year-over-year growth of 32.2%. Meanwhile, our latest consensus estimate is calling for revenue of $21.99 billion, up 9.39% from the prior-year quarter.BAC's full-year Zacks Consensus Estimates are calling for earnings of $3.49 per share and revenue of $89.18 billion. These results would represent year-over-year changes of +86.63% and +4.27%, respectively.Any recent changes to analyst estimates for Bank of America should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.27% higher within the past month. Bank of America currently has a Zacks Rank of #3 (Hold).In terms of valuation, Bank of America is currently trading at a Forward P/E ratio of 13.1. This valuation marks a premium compared to its industry's average Forward P/E of 11.63.We can also see that BAC currently has a PEG ratio of 1.87. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. BAC's industry had an average PEG ratio of 1.37 as of yesterday's close.The Banks - Major Regional industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 110, which puts it in the top 44% of all 250+ industries.The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions. Investor Alert: Legal Marijuana Looking for big gains? Now is the time to get in on a young industry primed to skyrocket from $13.5 billion in 2021 to an expected $70.6 billion by 2028. After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could kick start an even greater bonanza for investors. Zacks Investment Research has recently closed pot stocks that have shot up as high as +147.0% You’re invited to immediately check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.Today, Download Marijuana Moneymakers 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 Bank of America Corporation (BAC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: ZACKS11 hr. 37 min. ago Related News

Academy Sports and Outdoors, Inc. (ASO) Gains But Lags Market: What You Should Know

Academy Sports and Outdoors, Inc. (ASO) closed at $46.17 in the latest trading session, marking a +0.3% move from the prior day. In the latest trading session, Academy Sports and Outdoors, Inc. (ASO) closed at $46.17, marking a +0.3% move from the previous day. This change lagged the S&P 500's 1.32% gain on the day. Elsewhere, the Dow gained 0.68%, while the tech-heavy Nasdaq lost 0.15%.Prior to today's trading, shares of the company had gained 7.6% over the past month. This has outpaced the Consumer Discretionary sector's loss of 4.8% and the S&P 500's gain of 3.61% in that time.Wall Street will be looking for positivity from Academy Sports and Outdoors, Inc. as it approaches its next earnings report date. This is expected to be December 10, 2021. In that report, analysts expect Academy Sports and Outdoors, Inc. to post earnings of $1.09 per share. This would mark year-over-year growth of 19.78%. Meanwhile, our latest consensus estimate is calling for revenue of $1.49 billion, up 10.31% from the prior-year quarter.Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $6.36 per share and revenue of $6.58 billion. These totals would mark changes of +66.06% and +15.63%, respectively, from last year.Any recent changes to analyst estimates for Academy Sports and Outdoors, Inc. should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Academy Sports and Outdoors, Inc. is holding a Zacks Rank of #2 (Buy) right now.Digging into valuation, Academy Sports and Outdoors, Inc. currently has a Forward P/E ratio of 7.24. For comparison, its industry has an average Forward P/E of 11.54, which means Academy Sports and Outdoors, Inc. is trading at a discount to the group.It is also worth noting that ASO currently has a PEG ratio of 0.58. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Leisure and Recreation Products was holding an average PEG ratio of 2.46 at yesterday's closing price.The Leisure and Recreation Products industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 56, putting it in the top 23% of all 250+ industries.The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.You can find more information on all of these metrics, and much more, on Zacks.com. Investor Alert: Legal Marijuana Looking for big gains? Now is the time to get in on a young industry primed to skyrocket from $13.5 billion in 2021 to an expected $70.6 billion by 2028. After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could kick start an even greater bonanza for investors. Zacks Investment Research has recently closed pot stocks that have shot up as high as +147.0% You’re invited to immediately check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.Today, Download Marijuana Moneymakers 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 Academy Sports and Outdoors, Inc. (ASO): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: ZACKS11 hr. 37 min. ago Related News

Citigroup (C) Stock Sinks As Market Gains: What You Should Know

Citigroup (C) closed at $65.04 in the latest trading session, marking a -0.7% move from the prior day. In the latest trading session, Citigroup (C) closed at $65.04, marking a -0.7% move from the previous day. This change lagged the S&P 500's 1.32% gain on the day. Elsewhere, the Dow gained 0.68%, while the tech-heavy Nasdaq lost 0.15%.Prior to today's trading, shares of the U.S. bank had lost 5.29% over the past month. This has lagged the Finance sector's loss of 3.63% and the S&P 500's gain of 3.61% in that time.Wall Street will be looking for positivity from Citigroup as it approaches its next earnings report date. In that report, analysts expect Citigroup to post earnings of $1.87 per share. This would mark a year-over-year decline of 9.66%. Meanwhile, our latest consensus estimate is calling for revenue of $17.26 billion, up 4.58% from the prior-year quarter.Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $10.50 per share and revenue of $71.21 billion. These totals would mark changes of +115.16% and -4.16%, respectively, from last year.Any recent changes to analyst estimates for Citigroup should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.68% higher. Citigroup is holding a Zacks Rank of #3 (Hold) right now.Digging into valuation, Citigroup currently has a Forward P/E ratio of 6.24. For comparison, its industry has an average Forward P/E of 11.63, which means Citigroup is trading at a discount to the group.It is also worth noting that C currently has a PEG ratio of 0.49. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Banks - Major Regional was holding an average PEG ratio of 1.37 at yesterday's closing price.The Banks - Major Regional industry is part of the Finance sector. This group has a Zacks Industry Rank of 110, putting it in the top 44% of all 250+ industries.The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.You can find more information on all of these metrics, and much more, on Zacks.com. Investor Alert: Legal Marijuana Looking for big gains? Now is the time to get in on a young industry primed to skyrocket from $13.5 billion in 2021 to an expected $70.6 billion by 2028. After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could kick start an even greater bonanza for investors. Zacks Investment Research has recently closed pot stocks that have shot up as high as +147.0% You’re invited to immediately check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.Today, Download Marijuana Moneymakers 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 Citigroup Inc. (C): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: ZACKS11 hr. 37 min. ago Related News

TSMC (TSM) Outpaces Stock Market Gains: What You Should Know

In the latest trading session, TSMC (TSM) closed at $119.28, marking a +1.87% move from the previous day. TSMC (TSM) closed the most recent trading day at $119.28, moving +1.87% from the previous trading session. This move outpaced the S&P 500's daily gain of 1.32%. Elsewhere, the Dow gained 0.68%, while the tech-heavy Nasdaq lost 0.15%.Prior to today's trading, shares of the chip company had gained 2.98% over the past month. This has outpaced the Computer and Technology sector's gain of 1.76% and lagged the S&P 500's gain of 3.61% in that time.TSMC will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $1.15, up 18.56% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $16.1 billion, up 27.01% from the year-ago period.For the full year, our Zacks Consensus Estimates are projecting earnings of $4.16 per share and revenue of $58.66 billion, which would represent changes of +22.71% and +28.92%, respectively, from the prior year.Investors should also note any recent changes to analyst estimates for TSMC. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. TSMC is holding a Zacks Rank of #3 (Hold) right now.Digging into valuation, TSMC currently has a Forward P/E ratio of 28.15. For comparison, its industry has an average Forward P/E of 29.02, which means TSMC is trading at a discount to the group.It is also worth noting that TSM currently has a PEG ratio of 1.75. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Semiconductor - Circuit Foundry stocks are, on average, holding a PEG ratio of 1.81 based on yesterday's closing prices.The Semiconductor - Circuit Foundry industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 110, which puts it in the top 44% of all 250+ industries.The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com. Investor Alert: Legal Marijuana Looking for big gains? Now is the time to get in on a young industry primed to skyrocket from $13.5 billion in 2021 to an expected $70.6 billion by 2028. After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could kick start an even greater bonanza for investors. Zacks Investment Research has recently closed pot stocks that have shot up as high as +147.0% You’re invited to immediately check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.Today, Download Marijuana Moneymakers 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 Taiwan Semiconductor Manufacturing Company Ltd. (TSM): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: ZACKS11 hr. 37 min. ago Related News

UiPath (PATH) Stock Sinks As Market Gains: What You Should Know

UiPath (PATH) closed the most recent trading day at $49.49, moving -0.36% from the previous trading session. In the latest trading session, UiPath (PATH) closed at $49.49, marking a -0.36% move from the previous day. This change lagged the S&P 500's 1.32% gain on the day. Elsewhere, the Dow gained 0.68%, while the tech-heavy Nasdaq lost 0.15%.Prior to today's trading, shares of the enterprise automation software developer had lost 1.15% over the past month. This has was narrower than the Business Services sector's loss of 6.41% and lagged the S&P 500's gain of 3.61% in that time.UiPath will be looking to display strength as it nears its next earnings release, which is expected to be December 8, 2021.Any recent changes to analyst estimates for UiPath should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. UiPath is currently sporting a Zacks Rank of #3 (Hold).In terms of valuation, UiPath is currently trading at a Forward P/E ratio of 4139.17. This valuation marks a premium compared to its industry's average Forward P/E of 30.61.Investors should also note that PATH has a PEG ratio of 118.26 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. PATH's industry had an average PEG ratio of 1.98 as of yesterday's close.The Technology Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 164, putting it in the bottom 36% of all 250+ industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.You can find more information on all of these metrics, and much more, on Zacks.com. Investor Alert: Legal Marijuana Looking for big gains? Now is the time to get in on a young industry primed to skyrocket from $13.5 billion in 2021 to an expected $70.6 billion by 2028. After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could kick start an even greater bonanza for investors. Zacks Investment Research has recently closed pot stocks that have shot up as high as +147.0% You’re invited to immediately check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.Today, Download Marijuana Moneymakers 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 UiPath, Inc. (PATH): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: ZACKS11 hr. 37 min. ago Related News

FuelCell Energy (FCEL) Stock Sinks As Market Gains: What You Should Know

FuelCell Energy (FCEL) closed the most recent trading day at $8.92, moving -0.22% from the previous trading session. FuelCell Energy (FCEL) closed the most recent trading day at $8.92, moving -0.22% from the previous trading session. This move lagged the S&P 500's daily gain of 1.32%. Elsewhere, the Dow gained 0.68%, while the tech-heavy Nasdaq lost 0.15%.Prior to today's trading, shares of the fuel cell power plant maker had gained 11.89% over the past month. This has outpaced the Oils-Energy sector's loss of 6.8% and the S&P 500's gain of 3.61% in that time.Investors will be hoping for strength from FuelCell Energy as it approaches its next earnings release. The company is expected to report EPS of -$0.02, up 75% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $20.34 million, up 19.66% from the year-ago period.It is also important to note the recent changes to analyst estimates for FuelCell Energy. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. FuelCell Energy currently has a Zacks Rank of #3 (Hold).The Alternative Energy - Other industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 105, which puts it in the top 42% of all 250+ industries.The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com. Investor Alert: Legal Marijuana Looking for big gains? Now is the time to get in on a young industry primed to skyrocket from $13.5 billion in 2021 to an expected $70.6 billion by 2028. After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could kick start an even greater bonanza for investors. Zacks Investment Research has recently closed pot stocks that have shot up as high as +147.0% You’re invited to immediately check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.Today, Download Marijuana Moneymakers 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 FuelCell Energy, Inc. (FCEL): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: ZACKS11 hr. 37 min. ago Related News

Delta Air Lines (DAL) Stock Sinks As Market Gains: What You Should Know

Delta Air Lines (DAL) closed at $36.24 in the latest trading session, marking a -0.38% move from the prior day. Delta Air Lines (DAL) closed at $36.24 in the latest trading session, marking a -0.38% move from the prior day. This change lagged the S&P 500's daily gain of 1.32%. Elsewhere, the Dow gained 0.68%, while the tech-heavy Nasdaq lost 0.15%.Heading into today, shares of the airline had lost 7.03% over the past month, lagging the Transportation sector's loss of 2.97% and the S&P 500's gain of 3.61% in that time.Delta Air Lines will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of -$0.18, up 92.89% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $8.79 billion, up 121.25% from the year-ago period.DAL's full-year Zacks Consensus Estimates are calling for earnings of -$4.62 per share and revenue of $28.99 billion. These results would represent year-over-year changes of +57.06% and +69.6%, respectively.Investors might also notice recent changes to analyst estimates for Delta Air Lines. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Delta Air Lines is currently a Zacks Rank #4 (Sell).The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 230, putting it in the bottom 10% of all 250+ industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.To follow DAL in the coming trading sessions, be sure to utilize Zacks.com. Investor Alert: Legal Marijuana Looking for big gains? Now is the time to get in on a young industry primed to skyrocket from $13.5 billion in 2021 to an expected $70.6 billion by 2028. After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could kick start an even greater bonanza for investors. Zacks Investment Research has recently closed pot stocks that have shot up as high as +147.0% You’re invited to immediately check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.Today, Download Marijuana Moneymakers 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 Delta Air Lines, Inc. (DAL): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: ZACKS11 hr. 37 min. ago Related News

CarMax (KMX) Gains But Lags Market: What You Should Know

CarMax (KMX) closed the most recent trading day at $146.48, moving +0.5% from the previous trading session. CarMax (KMX) closed the most recent trading day at $146.48, moving +0.5% from the previous trading session. This move lagged the S&P 500's daily gain of 1.32%. At the same time, the Dow added 0.68%, and the tech-heavy Nasdaq lost 0.15%.Heading into today, shares of the used car dealership chain had gained 6.45% over the past month, outpacing the Retail-Wholesale sector's loss of 0.46% and the S&P 500's gain of 3.61% in that time.Investors will be hoping for strength from CarMax as it approaches its next earnings release. On that day, CarMax is projected to report earnings of $1.47 per share, which would represent year-over-year growth of 3.52%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $7.44 billion, up 43.44% from the year-ago period.For the full year, our Zacks Consensus Estimates are projecting earnings of $7.31 per share and revenue of $30.17 billion, which would represent changes of +61.73% and +59.19%, respectively, from the prior year.Investors might also notice recent changes to analyst estimates for CarMax. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.7% lower. CarMax currently has a Zacks Rank of #3 (Hold).Valuation is also important, so investors should note that CarMax has a Forward P/E ratio of 19.93 right now. This valuation marks a no noticeable deviation compared to its industry's average Forward P/E of 19.93.Meanwhile, KMX's PEG ratio is currently 1.52. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. KMX's industry had an average PEG ratio of 1.54 as of yesterday's close.The Automotive - Retail and Wholesale - Parts industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 69, which puts it in the top 28% of all 250+ industries.The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.To follow KMX in the coming trading sessions, be sure to utilize Zacks.com. Investor Alert: Legal Marijuana Looking for big gains? Now is the time to get in on a young industry primed to skyrocket from $13.5 billion in 2021 to an expected $70.6 billion by 2028. After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could kick start an even greater bonanza for investors. Zacks Investment Research has recently closed pot stocks that have shot up as high as +147.0% You’re invited to immediately check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.Today, Download Marijuana Moneymakers 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 CarMax, Inc. (KMX): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: ZACKS11 hr. 37 min. ago Related News

Casey"s General Stores (CASY) Gains But Lags Market: What You Should Know

Casey's General Stores (CASY) closed the most recent trading day at $197.34, moving +1.29% from the previous trading session. Casey's General Stores (CASY) closed at $197.34 in the latest trading session, marking a +1.29% move from the prior day. The stock lagged the S&P 500's daily gain of 1.32%. Elsewhere, the Dow gained 0.68%, while the tech-heavy Nasdaq lost 0.15%.Coming into today, shares of the convenience store chain had gained 1.72% in the past month. In that same time, the Retail-Wholesale sector lost 0.46%, while the S&P 500 gained 3.61%.Wall Street will be looking for positivity from Casey's General Stores as it approaches its next earnings report date. This is expected to be December 7, 2021. In that report, analysts expect Casey's General Stores to post earnings of $2.78 per share. This would mark a year-over-year decline of 7.33%. Our most recent consensus estimate is calling for quarterly revenue of $3.15 billion, up 42.05% from the year-ago period.CASY's full-year Zacks Consensus Estimates are calling for earnings of $8.68 per share and revenue of $12.02 billion. These results would represent year-over-year changes of +3.58% and +38.05%, respectively.Investors might also notice recent changes to analyst estimates for Casey's General Stores. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Casey's General Stores is currently a Zacks Rank #2 (Buy).Digging into valuation, Casey's General Stores currently has a Forward P/E ratio of 22.46. Its industry sports an average Forward P/E of 20.11, so we one might conclude that Casey's General Stores is trading at a premium comparatively.The Retail - Convenience Stores industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 4, which puts it in the top 2% of all 250+ industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com. Investor Alert: Legal Marijuana Looking for big gains? Now is the time to get in on a young industry primed to skyrocket from $13.5 billion in 2021 to an expected $70.6 billion by 2028. After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could kick start an even greater bonanza for investors. Zacks Investment Research has recently closed pot stocks that have shot up as high as +147.0% You’re invited to immediately check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.Today, Download Marijuana Moneymakers 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 Casey's General Stores, Inc. (CASY): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: ZACKS11 hr. 37 min. ago Related News

Buy These 2 Stocks Before December Earnings?

Investors likely want to remain on the hunt for strong stocks as we enter the final month of 2021. Here are two modern retail stocks that investors might want to consider buying... Stocks bounced back on Monday following Friday’s big Omicron variant-focused selloff. The quick pullback was driven by real fears and lower holiday volume. Investors began pouring back into the markets to start the week as Wall Street appeared to determine that the new covid strain likely won’t have as significant of an impact as initially feared.Covid and new strains are likely here to stay and investors and consumers have largely proven they are willing to focus on signs of progress in favor of fears. It is also worth constantly remembering that selling is a healthy aspect of all well-functioning markets, especially one that’s soared for over a year and a half.Looking back, investors helped wash away all of the losses from the September and early October downturn in a matter of weeks. And the bulls appear to be in control, at least for now, with the S&P 500 and the Nasdaq both trading well above their 50-day moving averages despite Friday’s big drops.There could certainly be more selling and profit-taking in December. Luckily, the positive backdrop for stocks remains in place even in the face of continued supply chain bottlenecks, rising prices, and difficulty filling millions of open jobs.First off, interest rates will remain historically low for the foreseeable future no matter when the Fed starts to lift its core rate. Secondly, the S&P 500 earnings picture remains strong. And U.S. consumer spending was solid in October, which is a great sign for the entire pivotal holiday shopping period.With this in mind, investors likely want to remain on the hunt for strong stocks as we enter the final month of 2021. Here are two modern retail stocks that investors might want to consider buying…Image Source: Zacks Investment ResearchLululemon LULU– (Q3 Financial Results Due Out Thursday, December 9)Lululemon has transformed from a small high-end yoga clothing maker 20 years ago into a global apparel powerhouse. The company currently sells an array of athletic apparel for women and men, alongside clothing that can be worn to work, dates, the golf course, and beyond. LULU has also rolled out self-care items, more outwear such as coats, and other accessory-style products.The athletic retailer expanded beyond clothing and apparel last year when it bought digital-focused at-home fitness company Mirror. The purchase has already outperformed LULU’s expectations and it’s adding additional live and on-demand digital workout content and putting more Mirror ‘shop-in-shops’ within Lululemon locations—200 excepted by the holiday season.Lululemon closed last quarter with 534 total company-operated stores, up from 506 in the prior-year period. LULU is focused on expanding in Asia and Europe, while continuing to improve its digital offerings. The company topped our Q2 estimates and raised its guidance, with e-commerce accounting for 42% of revenue.Image Source: Zacks Investment ResearchLooking ahead, Zacks estimates call for fiscal 2021 revenue to surge 42% to $6.26 billion, with FY22 projected to come in another 17% higher to hit $7.33 billion. This growth, which is driven in part by Mirror, follows 11% top-line expansion last year and FY19’s 21%. Meanwhile, its adjusted earnings are projected to soar 60% and 21%, respectively during this stretch.Lululemon has beaten our EPS estimates by an average of 25% in the trailing four periods, including a 36% beat last quarter. The company’s consensus earnings estimates have climbed recently and its Most Accurate estimates (or the newest) are higher. This bottom-line positivity helps LULU land a Zacks Rank #2 (Buy) right now. Plus, 15 of the 21 broker recommendations we have for Lululemon are “Strong Buys,” with none below a “Hold.” The athleisure firm also boasts a strong balance sheet and its Textile-Apparel space sits in the top 20% of over 250 Zacks industries.LULU hit records in mid-November, with shares up 45% in the last six months. This run helped end an up-and-down stretch that saw the stock move roughly sideways for nearly a year. Longer-term, Lululemon stock has skyrocketed over 700% in the last five years to crush its industry’s 75% and the S&P 500’s 120%. Despite sitting near its records, LULU trades at a 20% discount against its own year-long highs in terms of forward earnings and sales. And the recent market pullback has it near neutral RSI levels at 56, which could give it room to run if it’s able to impress Wall Street next week.Chewy CHWY – (Q3 Financial Results Due Out Thursday, December 9)Chewy is an e-commerce pet store that went public in 2019. The company has expanded rapidly as consumers gravitate toward convenience in the form of delivery and beyond. CHWY sells pet food, supplies, treats, medications, and more for a variety of animals. Chewy has found success by adding loyal pet owners to its ranks, with roughly 70% of sales coming from its Autoship business that allows people to have food and more delivered at regular intervals.Chewy posted a banner year in 2020 on the back of the pandemic. The firm added 43% more users in 2020 to close the year with 19.2 million. The company, which has been in business for over a decade, has also moved far beyond food and toys. Its offerings include a telehealth service called Connect with a Vet and a beefed-up pet pharmacy platform.Unfortunately for Chewy, the near-perfect backdrop to succeed in business and on Wall Street is over as people return to their normal lives. The firm fell short of revenue estimates last quarter—which it rarely does—and it reported a larger-than-projected quarterly loss. Chewy did close Q2 with 20.1 million customers, up 21% from the year-ago quarter and its revenue climbed 27%. But Wall Street has continued to dump the stock amid rising costs and slowing growth.Image Source: Zacks Investment ResearchZacks estimates call for CHWY’s FY21 revenue to climb 25% to $8.95 billion and then pop 19% higher in 2022. These estimates would follow a 47% climb last year and 37% expansion in FY19. Meanwhile, its adjusted earnings are projected to slip 11% this year to $0.08 a share, with its FY22 figure expected to skyrocket 320% to $0.33 a share.Chewy’s overall consensus earnings estimates have trended lower since its last report to help it grab a Zacks Rank #3 (Hold) at the moment. And it’s part of a group that’s in the bottom 11% of all Zacks industries. That said, nine of the 15 brokerage recommendations Zacks has are “Strong Buys” and it operates a business that isn’t going out of style anytime soon, even though its days of huge 40% growth might be over.CHEWY shares dipped on Monday as the market climbed and it has now fallen over 20% this year, including a 23% drop since its Q2 release. Taking a step back, Chewy is still up 190% in the last two years and its current Zacks consensus price target of $98.33 a share represents 45% upside to Monday’s levels.The pullback has Chewy trading at over a 50% discount to its own year-long highs at 2.8X forward 12-month sales. And the nearby chart shows CHWY attempting to return to its 50-day moving average. That said, some investors might want to wait for more signs of a comeback, especially given that Wall Street is currently betting somewhat heavily against the stock—short interest at roughly 20% of the float. Investor Alert: Legal Marijuana Looking for big gains? Now is the time to get in on a young industry primed to skyrocket from $13.5 billion in 2021 to an expected $70.6 billion by 2028. After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could kick start an even greater bonanza for investors. Zacks Investment Research has recently closed pot stocks that have shot up as high as +147.0% You’re invited to immediately check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.Today, Download Marijuana Moneymakers 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 lululemon athletica inc. (LULU): Free Stock Analysis Report Chewy (CHWY): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: ZACKS11 hr. 37 min. ago Related News

Treasury Bond ETF (SGOV) Hits a 52-Week High

The iShares 0-3 Month Treasury Bond ETF (SGOV) hits a new 52-week high. Are more gains in store? For investors looking for momentum, iShares 0-3 Month Treasury Bond ETF SGOV is probably a suitable pick. The fund just hit a 52-week high of $100.03/share from its 52-week low price of $100.01/share.Let’s take a look at the fund and its near-term outlook to gain an insight into where it might be headed:SGOV in FocusThe iShares 0-3 Month Treasury Bond ETF seeks to track the investment results of an index composed of U.S. Treasury bonds with remaining maturities less than or equal to three months. It has AUM of $790.2 million and charges 3 basis points in annual fees.Why the Move?Wall Street had a tough time on the last trading day of the holiday-shortened week. The slowdown in the market momentum has been brought about by the new omicron strain of coronavirus. The variant was first detected in South Africaand has numerous mutations (more than 30) to the spike protein (as stated in a CNBC article). The coronavirus outbreak is aggravating in some parts of Europe largely due to the cold weather conditions. Various measures are being taken to curtail the spread which can again impact the economic recovery achieved so far from the pandemic-led slump. This is making funds like SGOV an impressive investment option.More Gains Ahead?The fund carries a Zacks Rank #3 (Hold). It seems like the fund might remain strong going forward. 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 03 Month Treasury Bond ETF (SGOV): ETF Research Reports To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: ZACKS12 hr. 37 min. ago Related News

Take Shelter in Dividend Aristocrat ETFs as COVID-19 Cases Rise

Dividend aristocrats are likely to perform well and are attractive investment options for an impressive finish to 2021. Wall Street had a rough time on the last trading day of the holiday-shortened week. Dow Jones Industrial Average index declined by nearly 905 points or 2.5%, marking its weakest performance since October 2020.  The S&P 500 and the Nasdaq Composite indices were also down 2.3% and 2.2%, respectively. Moreover, all three broad market indices were in the red for the last week.The new omicron strain of coronavirus has brought about a slowdown in the market momentum. It was first detected in South Africa with numerous mutations (more than 30) to the spike protein (as stated in a CNBC article). The omicron variant has now been reported in the U.K., Israel, Belgium, the Netherlands, Germany, Italy, Australia and Hong Kong. Going on, the World Health Organization (WHO) has labeled the variant as a “variant of concern.”Investors willing to sail through the current market turbulences from the latest COVID-19-variant-related concerns can consider Vanguard Dividend Appreciation ETF VIG, SPDR S&P Dividend ETF SDY, iShares Select Dividend ETF DVY, ProShares S&P 500 Dividend Aristocrats ETF NOBL and iShares Core Dividend Growth ETF DGRO.Commenting on the current situation, Keith Lerner, co-chief investment officer at Truist Advisory Services, has said that “The pandemic and COVID variants remain one of the biggest risks to markets, and are likely to continue to inject volatility over the next year(s). It’s hard to say at this point how lasting or impactful this latest variant will be for markets,” as mentioned in a CNBC article.The coronavirus outbreak is aggravating in some parts of Europe, largely due to the cold weather conditions. Various measures are being taken to curtail the spread, which might again impact the economic recovery achieved so far from the pandemic-led slump. For instance, a 30-day state of emergency has been declared along with several new restrictions in the Czech Republic. In fact, Austria has imposed at least a 10-day-long national lockdown to fight the resurgence. Considering the current situation, the WHO has issued a warning that Europe and Central Asia could witness another 700,000 COVID-19 deaths by Mar 1, 2022, per a Euronews article.Why Consider Dividend Aristocrat ETFs?Dividend aristocrats are blue-chip dividend-paying companies with a long track record of increasing dividend payments year over year. Moreover, dividend aristocrat funds provide investors with dividend growth opportunities compared to other products in the space but might not necessarily have the highest yields.‘Dividend aristocrats’ or ‘dividend growers’ are mostly deemed the smartest way to deal with market turmoil. The inclination toward dividend investing is rising because of easing monetary policy on the global front and the market uncertainty triggered by the pandemic and deceleration in global growth. Demand for these funds is mainly driven by their characteristic of being the major source of consistent income for investors when returns from the equity markets are uncertain.These products also form a strong portfolio with a higher scope of capital appreciation against simple dividend-paying stocks or those with high yields. As a result, these products deliver an excellent combination of annual dividend growth and capital-appreciation opportunity and are most beneficial to risk-averse long-term investors.Against this backdrop, let’s take a look at some ETFs that investors can consider:Vanguard Dividend Appreciation ETF Vanguard Dividend Appreciation ETF is the largest and the most popular ETF in the dividend space, with AUM of $66.83 billion. VIG follows the S&P U.S. Dividend Growers Index. Vanguard Dividend Appreciation ETF charges 6 basis points (bps) in annual fees (read: Focus on These ETF Areas to Combat Market Uncertainties).SPDR S&P Dividend ETFSPDR S&P Dividend ETF seeks to provide investment results that before fees and expenses correspond generally to the total return performance of the S&P High Yield Dividend Aristocrats Index. The index screens companies that consistently increased their dividend for at least 20 consecutive years. SDY has AUM of $20.31 billion. SPDR S&P Dividend ETF charges 35 bps in fees per year (read: Market Outlook & ETF Ideas for the Fourth Quarter).iShares Select Dividend ETFiShares Select Dividend ETF provides exposure to broad-cap U.S. companies with a consistent history of dividends and tracks the Dow Jones U.S. Select Dividend Index. DVY has AUM of $19.12 billion. iShares Select Dividend ETF charges 38 bps in fees per year (as stated in the prospectus).ProShares S&P 500 Dividend Aristocrats ETF ProShares S&P 500 Dividend Aristocrats ETF seeks investment results before fees and expenses that track the performance of the S&P 500 Dividend Aristocrats Index. NOBL is the only ETF focusing exclusively on the S&P 500 Dividend Aristocrats, which are high-quality companies that not just paid out dividends but also raised the same for at least 25 consecutive years, with most doing so for 40 years or more. NOBL amassed $9.53 billion in its asset base. ProShares S&P 500 Dividend Aristocrats ETF has an expense ratio of 0.35%.iShares Core Dividend Growth ETF This fund provides exposure to companies boasting a history of sustained dividend growth by tracking the Morningstar US Dividend Growth Index. DGRO has AUM of $21.78 billion. iShares Core Dividend Growth ETF charges 8 bps in fees per year (read: 5 Winning ETF Ideas for the Fourth Quarter). 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 SPDR S&P Dividend ETF (SDY): ETF Research Reports Vanguard Dividend Appreciation ETF (VIG): ETF Research Reports ProShares S&P 500 Dividend Aristocrats ETF (NOBL): ETF Research Reports iShares Select Dividend ETF (DVY): ETF Research Reports iShares Core Dividend Growth ETF (DGRO): ETF Research Reports To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: ZACKS12 hr. 37 min. ago Related News

ETFs to Suffer as US Consumer Sentiment Slips to 10-Year-Low Mark

The U.S. consumer sentiment takes a hit in November from the rising concerns over surging inflationary levels. U.S. consumers are clearly worried about rising prices, as reflected by the surging inflation levels. The latest consumer sentiment readings for November look very disappointing as the metric has slipped to the lowest level in a decade compared to the previous month. The University of Michigan’s final consumer sentiment declined to 67.4 during November from 71.7 in October. However, the reading still compared favorably with the preliminary estimate of 66.8 in early November.The disappointing consumer sentiment reading might affect the consumer discretionary sector, which attracts a major portion of consumer spending amid rising inflation levels. Certain ETFs that can feel the impact are The Consumer Discretionary Select Sector SPDR Fund XLY, Vanguard Consumer Discretionary ETF VCR, First Trust Consumer Discretionary AlphaDEX Fund FXD and Fidelity MSCI Consumer Discretionary Index ETF FDIS.Going on, the measure of current economic conditions dipped to 73.6 in November from 77.7 in October. In November, a gauge of consumer expectations slid to 63.5, appearing weak compared to October’s reading of 67.9.One-year inflation is expected to rise 4.9% in November (the highest since 2008). The survey's five-to-10-year inflation outlook rose to 3% in November, as stated in a Bloomberg article.In this regard, Richard Curtin, director of the survey, said that “While pandemic induced supply-line shortages were the precipitating cause, the roots of inflation have grown and spread more broadly across the economy.” This was reported in a BloombergQuint article. Curtin also said that “Rather than gradually easing along with diminished shortages, complaints about falling living standards doubled in the past six months,” per the same article as mentioned above.Consumers seem disturbed about the rising prices of homes, vehicles, food and household durables. The Michigan survey has also highlighted that the buying conditions for household durable goods have declined to the second-lowest level since the recording of data began in 1978.Current U.S. Economic ScenarioInvestors have started worrying about the hot inflation data releases amid the Fed calling inflation levels ‘transitory’. Per the latest Labor Department report, the Consumer Price Index (CPI) in October rose 6.2% year over year compared to the Dow Jones estimate of a 5.9% rise, per a CNBC article. The metric came in at the highest level since December 1990 and it covers a basket of products ranging from gasoline and health care to groceries and rents. It also increased 0.9% for the month, surpassing the 0.6% Dow Jones estimate. The soaring food, used vehicles and energy prices might be primarily responsible for the rising inflation levels.The Federal Reserve’s more preferred inflation gauge, core personal consumption expenditures, rose 4.1% year over year for October, on par with the estimates (per a CNBC article).According to the Federal Reserve, a major part of the inflation has been triggered by the pandemic-driven supply-demand imbalance, which might get resolved in a few months (per a CNBC article).The resurging coronavirus cases in the European Union can be a concern as travel restrictions are being lifted globally and economies are reopening. Moreover, the variant, called B.1.1.529, detected in South Africawith numerous mutations to the spike protein, is also worrying investors (as stated in a CNBC article).However, the impressive third-quarter earnings results have been keeping investors busy. The earnings results have also eased investors' worries surrounding the rising supply-chain disturbances eroding corporate profit margins.In another positive development, the U.S. jobs report for November seems impressive. The nonfarm payrolls rose by 531,000 in October, surpassing the estimate of 450,000, per a CNBC article. Also, beating expectations, the unemployment rate declined to 4.6%, hitting a new pandemic low level (according to a CNBC article).Wall Street has another reason to cheer as the U.S. House of Representatives has passed the more than $1-trillion infrastructure bill on Nov 5. The bill has now moved to President Biden for his signature. The legislation was approved in a 228-206 vote.Going on, the Atlanta Fed stated that the U.S. economy will grow 8.6% (revised upwards from 8.2%) in fourth-quarter 2021 in his latest forecasts. Heading into the holiday season, given the reopening of domestic and international borders for traveling, we are enthusiastic about U.S. economic growth.ETFs That Might SufferHere we discuss in detail the four most popular funds that target the broader consumer discretionary sector (see all Consumer Discretionary ETFs):The Consumer Discretionary Select Sector SPDR FundThe Consumer Discretionary Select Sector SPDR Fund is the largest and the most popular product in the consumer discretionary space, with AUM of $23.99 billion. XLY tracks the Consumer Discretionary Select Sector Index.The Consumer Discretionary Select Sector SPDR Fund charges an expense ratio of 0.12%. XLY carries a Zacks ETF Rank #2 (Buy), with a Medium-risk outlook. Also, The Consumer Discretionary Select Sector SPDR Fund trades in three-month average volume of about 5.7 million shares (read: Home Depot Rises Post Q3 Earnings: ETFs to Buy).Vanguard Consumer Discretionary ETFVanguard Consumer Discretionary ETF currently follows the MSCI US Investable Market Consumer Discretionary 25/50 Index.Vanguard Consumer Discretionary ETF has an AUM of $7.65 billion and charges an expense ratio of 0.10%. VCR carries a Zacks ETF Rank #1 (Strong Buy), with a Medium-risk outlook. Also, Vanguard Consumer Discretionary ETF trades in three-month average volume of about 104,000 shares (read: Will ETFs Win During Thanksgiving Week Amid Virus Fears?).First Trust Consumer Discretionary AlphaDEX Fund First Trust Consumer Discretionary AlphaDEX Fund tracks the StrataQuant Consumer Discretionary Index, employing the AlphaDEX stock-selection methodology to select stocks from the Russell 1000 Index.First Trust Consumer Discretionary AlphaDEX Fund has AUM of $2.01 billion. FXD charges 63 basis points (bps) in annual fees and has a Zacks ETF Rank #3 (Hold), with a Medium-risk outlook. Also, First Trust Consumer Discretionary AlphaDEX Fund trades in three-month average volume of about 97,000 shares.Fidelity MSCI Consumer Discretionary Index ETF Fidelity MSCI Consumer Discretionary Index ETF tracks the MSCI USA IMI Consumer Discretionary Index.Fidelity MSCI Consumer Discretionary Index ETF has amassed $1.83 billion in its asset base. FDIS charges 8 bps in annual fees from investors and carries a Zacks ETF Rank #2, with a Medium-risk outlook. Fidelity MSCI Consumer Discretionary Index ETF trades in three-month average volume of about 97,000 shares. 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 Consumer Discretionary Select Sector SPDR ETF (XLY): ETF Research Reports Vanguard Consumer Discretionary ETF (VCR): ETF Research Reports Fidelity MSCI Consumer Discretionary Index ETF (FDIS): ETF Research Reports First Trust Consumer Discretionary AlphaDEX ETF (FXD): ETF Research Reports To read this article on Zacks.com click here......»»

Category: topSource: ZACKS12 hr. 37 min. ago Related News

Top Stock Picks for Week of November 29, 2021

A Software Company with Positive Factors and a Way to Play the Oil & Gas Group. New Relic, Inc. NEWR is a software analytics company. The Company offers solution which includes application development, production monitoring, real-time analytics, mobile application management and digital transformation. Over the last four quarters, the company has surpassed consensus EPS estimates four times. New Relic, which belongs to the Zacks Internet - Software industry, posted revenues surpassing the Zacks Consensus Estimate by 7.58%. The company has topped consensus revenue estimates four times over the last four quarters. Ahead of their recent earnings release, the estimate revisions trend for New Relic was mixed. But the shares are expected to perform in line with the market in the near future.Chevron CVX is one of the largest publicly traded oil and gas companies in the world with operations that span almost every corner of the globe. Chevron shares are poised for capital appreciation based on a slew of tailwinds. The supermajor is considered one of the best placed global integrated oil firms to achieve sustainable production ramp-up. America’s No. 2 energy company’s existing project pipeline is among the best in the industry, thanks to its premier position in the lucrative Permian Basin. Chevron’s Noble Energy takeover has expanded its footprint in the region and the DJ Basin along with the addition of cash generating offshore assets in Israel. Chevron's earnings and cash flows have been steadily improving, boosted by higher crude realizations and a recovery in consumption.In a shareholder friendly move, the integrated major recently hiked its dividend by 3.9% and revived the stock repurchase program. Consequently, Chevron is viewed as a preferred energy major to own now. Investor Alert: Legal Marijuana Looking for big gains? Now is the time to get in on a young industry primed to skyrocket from $13.5 billion in 2021 to an expected $70.6 billion by 2028. After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could kick start an even greater bonanza for investors. Zacks Investment Research has recently closed pot stocks that have shot up as high as +147.0% You’re invited to immediately check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.Today, Download Marijuana Moneymakers 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 Chevron Corporation (CVX): Free Stock Analysis Report New Relic, Inc. (NEWR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: ZACKS12 hr. 37 min. ago Related News

Add These 3 Cyber Monday Software Charts to Your Watchlist

Add These 3 Cyber Monday Software Charts to Your Watchlist The pandemic altered the business landscape for virtually every market, but one industry in particular – cloud computing – has seen accelerated demand as organizations have been forced to migrate their workloads from traditional methods to digital formats.Companies that embraced cloud adoption early on have seamlessly adapted their systems to manage the flow of data, while firms that shied away from the cloud have struggled during the pandemic to swiftly restructure their operations.In 2020 the global cloud computing market size was valued at $247.8 billion and is expected to grow at a compound annual growth rate of nearly 20% over the next seven years. Dubbed the ‘4th Industrial Revolution’, smart technologies including artificial intelligence, big data, and mobile supercomputing are transforming the way companies conduct business.The Zacks Internet-Software industry group contains many companies whose revenues stem from the cloud computing market. While the industry had a phenomenal 2020, this year it has taken a slight breather.Despite the short-term setback, the Internet-Software group holds some favorable long-term characteristics such as above-average historical EPS growth (16.2% vs. 9.8% for the S&P 500) and historical sales growth (18.9% vs. 4.9% for the S&P 500). Last quarter, nearly 75% of companies that reported earnings in this industry group either beat or met consensus estimates. Next, we’ll examine three companies within the Internet-Software group that are setting the stage for a stellar 2022.  Arlo Technologies, Inc. (ARLO)Arlo Technologies provides cloud infrastructure, wireless connectivity, and cutting-edge AI capabilities with a focus on delivering a unified smart home experience. Headquartered in San Jose, CA, the company’s cloud-based platform provides users with insightful statistics and visibility to help protect their homes in real-time.ARLO, a Zacks #2 Buy stock, is showing a notable track record in terms of positive earnings surprises as you can see below. The company has seen an average surprise of over +64% over the last four quarters. ARLO most recently reported earnings for the quarter ending in September of EPS $-0.08, a +43% surprise over estimates.Arlo Technologies, Inc. Price, Consensus and EPS Surprise Arlo Technologies, Inc. price-consensus-eps-surprise-chart | Arlo Technologies, Inc. QuoteFor the year, the current Zacks Consensus Estimate for ARLO sits at EPS of $-0.19, an improvement of 76.8% over 2020. Over the past 30 days, four different analysts have increased their ARLO earnings estimates for the year. Positive earnings estimate revision activity can help guide you to stocks set to breakout. ARLO is due to report quarterly earnings on February 22nd, 2022.Mimecast Limited (MIME)Mimecast Limited offers cloud security and risk management solutions, focusing on email management services that protect organizations against viruses, malware, spam and other emerging threats. MIME is headquartered in London.Ranked a Zacks #2 stock (Buy), MIME is showing a noteworthy history of earnings surprises illustrated in the graph below. The company has beat estimates in each of the last seven quarters, with an average surprise of nearly 22% over the last four quarters.Mimecast Limited Price, Consensus and EPS Surprise Mimecast Limited price-consensus-eps-surprise-chart | Mimecast Limited QuoteAnalysts are in agreement in terms of earnings estimate revisions, with five different analysts revising estimates upward for the year. Over the past 30 days, estimates have increased by over 7% for 2021 EPS to $1.37, translating to a 20.2% growth rate over last year. MIME is next scheduled to report earnings on February 2nd, 2022.Cloudflare, Inc. (NET)Cloudflare is an internet security company whose platform provides web infrastructure and website safekeeping. Headquartered in San Francisco, CA, NET’s goal is to build a better internet by utilizing their global network to make the web more secure, fast and reliable.Holding a Zacks #3 ranking, NET has demonstrated a history of positive earnings surprises with an average surprise of 50% over the last four quarters. The stock has exploded over 150% this year as you can see below.Cloudflare, Inc. Price, Consensus and EPS Surprise Cloudflare, Inc. price-consensus-eps-surprise-chart | Cloudflare, Inc. QuoteAnalysts are in agreement regarding earnings estimate revisions, with six different analysts revising estimates higher for 2021. Over the last 30 days, consensus estimates have increased by 50%.What the Zacks Model RevealsOur proprietary model predicts an earnings beat for NET for the current quarter. The combination of a positive ESP (earnings surprise prediction) and a Zacks Rank #1 (Strong Buy), #2 (Buy) or #3 (Hold) increases the chances of an earnings beat. In fact, stocks exhibiting this combination have produced a positive surprise 70% of the time, with an average annual return of 28.3% according to our 10-year backtest. NET’s ESP is currently +33.33%.Looking out at next year, the Zacks Consensus Estimate for full-year EPS stands at $0.01, which would render a 114.3% growth rate. NET is scheduled for its quarterly earnings announcement on February 10th, 2022. Investor Alert: Legal Marijuana Looking for big gains? Now is the time to get in on a young industry primed to skyrocket from $13.5 billion in 2021 to an expected $70.6 billion by 2028. After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could kick start an even greater bonanza for investors. Zacks Investment Research has recently closed pot stocks that have shot up as high as +147.0% You’re invited to immediately check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.Today, Download Marijuana Moneymakers 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 Mimecast Limited (MIME): Free Stock Analysis Report Arlo Technologies, Inc. (ARLO): Free Stock Analysis Report Cloudflare, Inc. (NET): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: ZACKS13 hr. 9 min. ago Related News