You’re reading Entrepreneur United States, an international franchise of Entrepreneur Media. This story originally appeared on Zacks

Zynga (ZNGA) closed at $8.05 in the latest trading session, marking a -1.71% move from the prior day. This change lagged the S&P 500’s 0.85% gain on the day.

Heading into today, shares of the maker of “FarmVille” and other online games had lost 0.24% over the past month, lagging the Consumer Discretionary sector’s loss of 0.23% and outpacing the S&P 500’s loss of 0.37% in that time.

Wall Street will be looking for positivity from ZNGA as it approaches its next earnings report date. On that day, ZNGA is projected to report earnings of $0.06 per share, which would represent year-over-year growth of 300%. Meanwhile, our latest consensus estimate is calling for revenue of $659.23 million, up 4.98% from the prior-year quarter.

ZNGA’s full-year Zacks Consensus Estimates are calling for earnings of $0.35 per share and revenue of $2.81 billion. These results would represent year-over-year changes of +400% and +23.91%, respectively.

Investors might also notice recent changes to analyst estimates for ZNGA. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. Over the past month, the Zacks Consensus EPS estimate has moved 2.78% lower. ZNGA currently has a Zacks Rank of #5 (Strong Sell).

In terms of valuation, ZNGA is currently trading at a Forward P/E ratio of 23.21. Its industry sports an average Forward P/E of 23.03, so we one might conclude that ZNGA is trading at a premium comparatively.

The Gaming industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 191, putting it in the bottom 25% 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.

Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

Time to Invest in Legal Marijuana

If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027.

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 be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%.

You’re invited to 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
 
Zynga Inc. (ZNGA): Free Stock Analysis Report
 
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Zacks Investment Research

You’re reading Entrepreneur United States, an international franchise of Entrepreneur Media. This story originally appeared on Zacks

Vishay Intertechnology (VSH) closed the most recent trading day at $21.16, moving +1.68% from the previous trading session. This change outpaced the S&P 500’s 0.85% gain on the day.

Prior to today’s trading, shares of the chipmaker had lost 6.97% over the past month. This has lagged the Computer and Technology sector’s gain of 1.96% and the S&P 500’s loss of 0.37% in that time.

Wall Street will be looking for positivity from VSH as it approaches its next earnings report date. In that report, analysts expect VSH to post earnings of $0.67 per share. This would mark year-over-year growth of 168%. Meanwhile, our latest consensus estimate is calling for revenue of $834.1 million, up 30.3% from the prior-year quarter.

VSH’s full-year Zacks Consensus Estimates are calling for earnings of $2.36 per share and revenue of $3.24 billion. These results would represent year-over-year changes of +156.52% and +29.31%, respectively.

Investors might also notice recent changes to analyst estimates for VSH. These revisions help to show the ever-changing nature of 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. VSH is currently sporting a Zacks Rank of #2 (Buy).

Digging into valuation, VSH currently has a Forward P/E ratio of 8.84. Its industry sports an average Forward P/E of 15.5, so we one might conclude that VSH is trading at a discount comparatively.

We can also see that VSH currently has a PEG ratio of 0.37. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company’s expected earnings growth rate into account. The Semiconductor – Discretes was holding an average PEG ratio of 0.37 at yesterday’s closing price.

The Semiconductor – Discretes industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 63, which puts it in the top 25% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

Time to Invest in Legal Marijuana

If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027.

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 be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%.

You’re invited to 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
 
Vishay Intertechnology, Inc. (VSH): Free Stock Analysis Report
 
To read this article on Zacks.com click here.

You’re reading Entrepreneur United States, an international franchise of Entrepreneur Media. This story originally appeared on Zacks

Texas Instruments (TXN) closed the most recent trading day at $197.50, moving +1.22% from the previous trading session. This change outpaced the S&P 500’s 0.85% gain on the day.

Coming into today, shares of the chipmaker had gained 4.72% in the past month. In that same time, the Computer and Technology sector gained 1.96%, while the S&P 500 lost 0.37%.

TXN will be looking to display strength as it nears its next earnings release. On that day, TXN is projected to report earnings of $2.04 per share, which would represent year-over-year growth of 40.69%. Our most recent consensus estimate is calling for quarterly revenue of $4.65 billion, up 21.73% from the year-ago period.

TXN’s full-year Zacks Consensus Estimates are calling for earnings of $7.86 per share and revenue of $17.94 billion. These results would represent year-over-year changes of +31.66% and +24.05%, respectively.

Any recent changes to analyst estimates for TXN should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.

Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.14% higher. TXN is holding a Zacks Rank of #2 (Buy) right now.

Digging into valuation, TXN currently has a Forward P/E ratio of 24.83. Its industry sports an average Forward P/E of 24.6, so we one might conclude that TXN is trading at a premium comparatively.

Meanwhile, TXN’s PEG ratio is currently 2.66. 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 Semiconductor – General industry currently had an average PEG ratio of 2.66 as of yesterday’s close.

The Semiconductor – General industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 43, which puts it in the top 17% 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.

Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

Time to Invest in Legal Marijuana

If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027.

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 be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%.

You’re invited to 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
 
Texas Instruments Incorporated (TXN): Free Stock Analysis Report
 
To read this article on Zacks.com click here.

You’re reading Entrepreneur United States, an international franchise of Entrepreneur Media. This story originally appeared on Zacks

Western Digital (WDC) closed at $58.26 in the latest trading session, marking a +1.25% move from the prior day. This move outpaced the S&P 500’s daily gain of 0.85%.

Coming into today, shares of the maker of hard drives for businesses and personal computers had lost 5.89% in the past month. In that same time, the Computer and Technology sector gained 1.96%, while the S&P 500 lost 0.37%.

Wall Street will be looking for positivity from WDC as it approaches its next earnings report date. The company is expected to report EPS of $2.47, up 280% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $5.04 billion, up 28.61% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $10.71 per share and revenue of $20.78 billion. These totals would mark changes of +135.38% and +22.78%, respectively, from last year.

Investors should also note any recent changes to analyst estimates for WDC. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.15% lower. WDC is holding a Zacks Rank of #3 (Hold) right now.

Digging into valuation, WDC currently has a Forward P/E ratio of 5.37. This valuation marks a discount compared to its industry’s average Forward P/E of 25.56.

The Computer- Storage Devices industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 178, which puts it in the bottom 30% 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.

Time to Invest in Legal Marijuana

If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027.

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 be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%.

You’re invited to 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
 
Western Digital Corporation (WDC): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

You’re reading Entrepreneur United States, an international franchise of Entrepreneur Media. This story originally appeared on Zacks

Skyworks Solutions (SWKS) closed the most recent trading day at $176.77, moving -0.76% from the previous trading session. This change lagged the S&P 500’s 0.85% gain on the day.

Coming into today, shares of the chipmaker had lost 0.3% in the past month. In that same time, the Computer and Technology sector gained 1.96%, while the S&P 500 lost 0.37%.

SWKS will be looking to display strength as it nears its next earnings release. On that day, SWKS is projected to report earnings of $2.54 per share, which would represent year-over-year growth of 37.3%. Our most recent consensus estimate is calling for quarterly revenue of $1.3 billion, up 36.09% from the year-ago period.

SWKS’s full-year Zacks Consensus Estimates are calling for earnings of $10.42 per share and revenue of $5.1 billion. These results would represent year-over-year changes of +69.98% and +51.98%, respectively.

Any recent changes to analyst estimates for SWKS should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.

Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. SWKS is holding a Zacks Rank of #2 (Buy) right now.

Digging into valuation, SWKS currently has a Forward P/E ratio of 17.09. Its industry sports an average Forward P/E of 17.09, so we one might conclude that SWKS is trading at a no noticeable deviation comparatively.

Meanwhile, SWKS’s PEG ratio is currently 0.88. 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 Semiconductors – Radio Frequency industry currently had an average PEG ratio of 1.03 as of yesterday’s close.

The Semiconductors – Radio Frequency industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 121, which puts it in the top 48% 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.

Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

Time to Invest in Legal Marijuana

If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027.

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 be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%.

You’re invited to 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
 
Skyworks Solutions, Inc. (SWKS): Free Stock Analysis Report
 
To read this article on Zacks.com click here.

You’re reading Entrepreneur United States, an international franchise of Entrepreneur Media. This story originally appeared on Zacks

Penn National Gaming (PENN) closed the most recent trading day at $76.46, moving +1.85% from the previous trading session. The stock outpaced the S&P 500’s daily gain of 0.85%.

Prior to today’s trading, shares of the casino operator had gained 13.74% over the past month. This has outpaced the Consumer Discretionary sector’s loss of 0.23% and the S&P 500’s loss of 0.37% in that time.

Wall Street will be looking for positivity from PENN as it approaches its next earnings report date. The company is expected to report EPS of $0.81, down 12.9% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.5 billion, up 32.76% from the year-ago period.

PENN’s full-year Zacks Consensus Estimates are calling for earnings of $3.21 per share and revenue of $5.73 billion. These results would represent year-over-year changes of +164.2% and +60.01%, respectively.

Investors might also notice recent changes to analyst estimates for PENN. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, 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. PENN currently has a Zacks Rank of #3 (Hold).

In terms of valuation, PENN is currently trading at a Forward P/E ratio of 23.42. This represents a premium compared to its industry’s average Forward P/E of 23.03.

The Gaming industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 191, putting it in the bottom 25% 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.

Time to Invest in Legal Marijuana

If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027.

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 be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%.

You’re invited to 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
 
Penn National Gaming, Inc. (PENN): Free Stock Analysis Report
 
To read this article on Zacks.com click here.

You’re reading Entrepreneur United States, an international franchise of Entrepreneur Media. This story originally appeared on Zacks

The S&P 500 and the Nasdaq have been near all-time highs despite a disappointing jobs report, soaring COVID-19 cases and the Fed’s taper talks. Miller Tabak chief market strategist Matt Maley raised a warning sign against such stock market behavior, as quoted on CNBC.

Per the article, Maley believes that today’s market bubble is similar to “red flags during the 1999-2000 and 2007-2008 peaks. During the dotcom bubble, for example, he says stocks shot sky-high no matter the fundamentals much like AMC and GameStop have this year.”

He indicated that the QQQ Nasdaq 100 ETF now trades at a 70% premium to its 200-week moving average, pretty higher than where it was before the last few corrections. Another market watcher warns there’s a “fair chance” that stocks may decline 25%, as quoted on businessinsider.com.

A consensus in a September market sentiment survey published by Deutsche Bank lately indicated that an equity market correction of 5-10% by the end of the year is likely, as quoted on Reuters. According to the report, conducted from Sep 7-9 and covering over 550 market professionals globally, 58% of respondents expect an equity selloff by the year-end.

While such predictions may go wrong and stocks may soar if the COVID-19 crisis is handled efficiently, overvaluation concerns do remain. This is especially true given that the earnings estimates of the S&P 500 components are showing signs of a slowdown. The magnitude of positive third-quarter estimate revisions is notably below what we had seen in the comparable periods of the last three earnings seasons. The Delta variant can be held responsible for the loss of momentum.

If this was not enough, two senior U.S. Senate Democrats recently forwarded a proposal to levy a 2% excise tax on corporate stock buybacks to finance President Joe Biden’s $3.5 trillion domestic investment plan. Per the Democrats, such a move would force companies to shell out more on workers and less on share repurchases (which normally boost stock prices).

Against this backdrop, below we mention a few ETFs that carry a Zacks Rank #2 (Buy) or 1 (Strong Buy), lagged the S&P 500 year-to-date returns by about 20% and has a P/E lower than the S&P 500 ETF SPY’s 22.20X.

ETFs in Focus

SPDR S&P Biotech ETF XBI – Down 6.52%; P/E: 14.77X

Things have turned bullish for the biotech space of late. The pandemic triggered a race to introduce vaccines and treatment options, opening up investing opportunities in the biotech sector. The FDA’s first full U.S. approval to Pfizer (PFE) /BioNTech’s (BNTX) coronavirus vaccine, Comirnaty (BNT162b) has brought optimism to the space. Moreover, a Reuters report stated that the U.S. government recently announced plans to make COVID-19 vaccine booster shots available starting Sep 20. 

Materials Select Sector SPDR ETF XLB – Up 18.11% YTD; P/E: 17.28X

The gradual reopening of the economy and the $1 trillion worth of infrastructure bill are positives. Infrastructure and industrial activities will definitely require materials and thus the sector will emerge as yet another beneficiary. Plus, higher pent-up demand and an improving labor market should boost the inflationary pressure and increase the price of materials.

Vanguard High Dividend Yield ETF VYM – Up 18.21% YTD; P/E: 18.20X

With the 10-year Treasury yield crossing the S&P 500 dividend, income-loving investors would definitely look for other better options. VYM yields 2.77% currently. Plus, the dividend payout scenario has also improved within corporate America (read: Is Taper-Tantrum Looming Ahead? 6 ETF Plays).

iShares Currency Hedged MSCI Japan ETF HEWJ – Up 16.99% YTD; P/E: 16.77X

After underperforming for several months, Japan stocks have gained momentum lately on hopes of a stronger government ahead of a ruling party leadership race and a general election in November. The resignation of Prime Minister Yoshihide Suga has opened the door for the new government, which will likely unveil an economic package to support pandemic-hit businesses and families. As such, the move has spurred bets for strong economic recovery by the end of the year. Notably, the Japan Topix Index climbed to the highest level since April 1991 and has been outperforming its Asian peers in recent weeks.

 

Tech IPOs With Massive Profit Potential

In the past few years, many popular platforms and like Uber and Airbnb finally made their way to the public markets. But the biggest paydays came from lesser-known names.

For example, electric carmaker X Peng shot up +299.4% in just 2 months. Think of it this way…

If you had put $5,000 into XPEV at its IPO in September 2020, you could have cashed out with $19,970 in November.

With record amounts of cash flooding into IPOs and a record-setting stock market, this year’s lineup 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
 
Materials Select Sector SPDR ETF (XLB): ETF Research Reports
 
SPDR S&P Biotech ETF (XBI): ETF Research Reports
 
iShares Currency Hedged MSCI Japan ETF (HEWJ): ETF Research Reports
 
Vanguard High Dividend Yield ETF (VYM): ETF Research Reports
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

You’re reading Entrepreneur United States, an international franchise of Entrepreneur Media. This story originally appeared on Zacks

Market indexes only spent a short time in the green today, on better-than-expected Consumer Price Index (CPI) data that showed inflation not quite yet the demon at our door. We opened the day in positive territory, but market sentiment turned south again soon after. Even Apple’s AAPL new iPhone unveiling — the 13, 13A, 13 Pro and 13 Max, between $699-1099 — couldn’t get buyers to take control.
The Dow dropped nearly 300 points, -0.83% on the day. The S&P 500 and Nasdaq were pretty close: -0.57% and -0.45%, respectively. The small-cap Russell 2000 took another -1.4% hit, however. Of the four major indexes, the S&P 500 continues to lead the pack.
Technical questions about trading resistance abound: will we bounce off the 50-day or break below it? Is this the start of the -5% correction analysts have noted is absent year to date, here in the historically foreboding month of September? Rumors of supply-chain difficulties — and actual lack of inventory in some industries — are presenting clear motives to the relatively sour market attitude.
Q3 earnings season will settle the score on near-term growth, however. We’re still a month out from new reports (and guidance) hitting the tape at high volume, and we already know the low base effect quarter has passed us in Q2. But better-than-expected prospects to the following quarter and next year would mark a good spot for markets to climb higher. Of course, if these supply-chain issues continue in the coming earnings season, so will the sourness.
Same deal with employment: if our current lag in building back the labor force persists when present-month numbers are reported, we could be looking at a market lag lasting more than a blip on the screen. But even if this and supply issues persist over the next month or two, eventually things will bounce back. There’s too much demand for too many things; another push upward looks in the cards at some point, either in the latter part of 2021 or early 2022.
Tomorrow is Import/Export numbers and Industrial Production/Capacity Utilization for August, Empire State index for September. These will also provide grist for the mill — or at least leaves in the tea — for which market participants will decide their next move on the economic front. We’ve backed off those all-time closing highs across the board right now. The question is: how long until we get back there?

Questions or comments about this article and/or its author? Click here>>

Tech IPOs With Massive Profit Potential

In the past few years, many popular platforms and like Uber and Airbnb finally made their way to the public markets. But the biggest paydays came from lesser-known names.

For example, electric carmaker X Peng shot up +299.4% in just 2 months. Think of it this way…

If you had put $5,000 into XPEV at its IPO in September 2020, you could have cashed out with $19,970 in November.

With record amounts of cash flooding into IPOs and a record-setting stock market, this year’s lineup 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
 
Apple Inc. (AAPL): Free Stock Analysis Report
 
Invesco QQQ (QQQ): ETF Research Reports
 
SPDR S&P 500 ETF (SPY): ETF Research Reports
 
SPDR Dow Jones Industrial Average ETF (DIA): ETF Research Reports
 
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

You’re reading Entrepreneur United States, an international franchise of Entrepreneur Media. This story originally appeared on Zacks

UnitedHealth Group (UNH) closed at $412.54 in the latest trading session, marking a -0.48% move from the prior day. This change was narrower than the S&P 500’s daily loss of 0.58%.

Coming into today, shares of the largest U.S. health insurer had lost 0.64% in the past month. In that same time, the Medical sector lost 0.62%, while the S&P 500 gained 0.16%.

Wall Street will be looking for positivity from UNH as it approaches its next earnings report date. On that day, UNH is projected to report earnings of $4.40 per share, which would represent year-over-year growth of 25.36%. Meanwhile, our latest consensus estimate is calling for revenue of $71.37 billion, up 9.61% from the prior-year quarter.

For the full year, our Zacks Consensus Estimates are projecting earnings of $18.74 per share and revenue of $285.18 billion, which would represent changes of +11.02% and +10.91%, respectively, from the prior year.

Investors might also notice recent changes to analyst estimates for UNH. 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.15% higher within the past month. UNH currently has a Zacks Rank of #3 (Hold).

Investors should also note UNH’s current valuation metrics, including its Forward P/E ratio of 22.12. Its industry sports an average Forward P/E of 19.04, so we one might conclude that UNH is trading at a premium comparatively.

It is also worth noting that UNH currently has a PEG ratio of 1.67. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company’s expected earnings growth rate into account. UNH’s industry had an average PEG ratio of 1.1 as of yesterday’s close.

The Medical – HMOs industry is part of the Medical sector. This group has a Zacks Industry Rank of 127, putting it in the top 50% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow UNH in the coming trading sessions, be sure to utilize Zacks.com.

Tech IPOs With Massive Profit Potential

In the past few years, many popular platforms and like Uber and Airbnb finally made their way to the public markets. But the biggest paydays came from lesser-known names.

For example, electric carmaker X Peng shot up +299.4% in just 2 months. Think of it this way…

If you had put $5,000 into XPEV at its IPO in September 2020, you could have cashed out with $19,970 in November.

With record amounts of cash flooding into IPOs and a record-setting stock market, this year’s lineup 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
 
UnitedHealth Group Incorporated (UNH): Free Stock Analysis Report
 
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Zacks Investment Research

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PetroChina (PTR) closed at $47.05 in the latest trading session, marking a +1.38% move from the prior day. This move outpaced the S&P 500’s daily loss of 0.58%.

Prior to today’s trading, shares of the oil and gas company had gained 8.59% over the past month. This has outpaced the Oils-Energy sector’s gain of 1.56% and the S&P 500’s gain of 0.16% in that time.

PTR will be looking to display strength as it nears its next earnings release.

PTR’s full-year Zacks Consensus Estimates are calling for earnings of $6.98 per share and revenue of $344.65 billion. These results would represent year-over-year changes of +381.38% and +22.78%, respectively.

Investors might also notice recent changes to analyst estimates for PTR. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.97% higher within the past month. PTR is currently sporting a Zacks Rank of #3 (Hold).

Looking at its valuation, PTR is holding a Forward P/E ratio of 6.65. For comparison, its industry has an average Forward P/E of 7.81, which means PTR is trading at a discount to the group.

We can also see that PTR currently has a PEG ratio of 0.13. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock’s expected earnings growth rate. The Oil and Gas – Integrated – International was holding an average PEG ratio of 0.58 at yesterday’s closing price.

The Oil and Gas – Integrated – International industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 36, putting it in the top 15% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

Tech IPOs With Massive Profit Potential

In the past few years, many popular platforms and like Uber and Airbnb finally made their way to the public markets. But the biggest paydays came from lesser-known names.

For example, electric carmaker X Peng shot up +299.4% in just 2 months. Think of it this way…

If you had put $5,000 into XPEV at its IPO in September 2020, you could have cashed out with $19,970 in November.

With record amounts of cash flooding into IPOs and a record-setting stock market, this year’s lineup 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
 
PetroChina Company Limited (PTR): Free Stock Analysis Report
 
To read this article on Zacks.com click here.