At Home Group (HOME) Stock Sinks As Market Gains: What You Should Know

In the latest trading session, At Home Group (HOME) closed at $36.99, marking a -0.01% move from the previous day.

August 30, 2021 3 min read

This story originally appeared on Zacks

At Home Group (HOME) closed the most recent trading day at $36.99, moving -0.01% from the previous trading session. This change lagged the S&P 500’s 0.43% gain on the day.

Coming into today, shares of the home decor retailer had 0% in the past month. In that same time, the Retail-Wholesale sector lost 2.76%, while the S&P 500 gained 2.56%.

Wall Street will be looking for positivity from HOME as it approaches its next earnings report date.

Investors should also note any recent changes to analyst estimates for HOME. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. HOME is currently sporting a Zacks Rank of #3 (Hold).

Investors should also note HOME’s current valuation metrics, including its Forward P/E ratio of 23.71. For comparison, its industry has an average Forward P/E of 16.09, which means HOME is trading at a premium to the group.

It is also worth noting that HOME currently has a PEG ratio of 0.64. 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 Retail – Home Furnishings was holding an average PEG ratio of 1.61 at yesterday’s closing price.

The Retail – Home Furnishings industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 61, which puts it in the top 25% 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.

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https://www.entrepreneur.com/article/382544




Soaring Video Games Sales to Keep Boosting Gaming ETFs

August 27, 2021 5 min read

This story originally appeared on Zacks

Another month, same story! The video game sales continued to skyrocket in July after a small bumpy ride in April 2021 amid the resurging coronavirus cases. In fact, the total consumer spending on gaming for seven months is up 14% year over year to $33.5 billion.

Commenting on the soaring sales, the games industry analyst Mat Piscatella at The NPD Group reportedly said that “Hardware is the biggest story from July, continuing what we’ve been seeing since the launch of the PS5 and Xbox Series consoles. The big growth this year is despite continued inventory shortages, so true demand is even higher than is indicated. We just cannot get enough units of the new consoles, and it’s unclear when that might change. In mobile, subscription, and post launch spending drove the growth, while in accessories, gamepads did the heavy lifting,” as mentioned in a GameDaily article.

Video-Game Sales Continue to Surge

Recently-released data from The NPD Group emphasizes that the video game industry including packaged media, digital, consoles and accessories witnessed robust sales in July with people spending $4.60 billion in all, reflecting 10% growth year over year.

Hardware spending surged 98% year over year in July to $323 million, led by wider distribution of new-generation consoles from Microsoft MSFT and Sony, per the same NPD Group report. The metric also witnessed the maximum level last month since 2008. Spending on consoles has jumped 50% year over year to $2.7 billion in the year-to-date period. Nintendo’s NTDOY Switch continues to be the top-selling console for the straight 32nd month in terms of units sold, per a GameDaily article.

Consumers also spent generously on game software as the sales rose 6% year over year to $4 billion. Year-to-date software revenues have increased 12% from the prior-year period to $29.45 billion.

Titles like The Legend of Zelda: Skyward Sword HD, Call of Duty: Black Ops: Cold War, Monster Hunter Stories 2: Wings of Ruin, Mario Kart 8 and Minecraft were among the top-five best-sellers in July. What surprised market analysts is Nintendo’s The Legend of Zelda: Skyward Sword HD  grabbing the top spot despite a recent release, according to a GameDaily article.

Game developers are continuing to innovate and attract users every day and also retain the old ones. They are increasing engagement for the existing players by providing new titles, levels, arenas or environments as the games require at regular intervals. Mergers and acquisitions continue to support the gaming space.

Video Gaming ETFs to Keep Gaining

It seems that the boom in the video gaming space may remain even in the post-pandemic era as the outbreak changed the lifestyles and preferences of US citizens to a large extent. Against this backdrop, investors can take a look at the following video gaming ETFs:

The Roundhill BITKRAFT Esports & Digital Entertainment ETF NERD

The fund is designed to offer investors exposure to esports & digital entertainment by providing investment results that closely correspond, before fees and expenses, to the performance of the Roundhill BITKRAFT Esports Index. It holds 34 stocks in its basket. With an AUM of $80.1 million, the fund charges 50 basis points (bps) as expense ratio (read:  ETF Areas in Spotlight as Delta Variant Cases Rise).

VanEck Vectors Video Gaming and eSports ETF  ESPO

The fund aims to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS Global Video Gaming and eSports Index, which is intended to track the overall performance of companies involved in video game development, esports and the related hardware and software. It holds 26 stocks in its basket. With an AUM of $730.1 million, the fund charges 55 bps as expense ratio (read:  Nvidia ETFs to Buy on Blockbuster Q2 Earnings).

Global X Video Games & Esports ETF HERO

The fund looks to invest in companies that develop or publish video games, facilitate the streaming and distribution of video gaming or esports content, own and operate within competitive esports leagues or produce hardware used in video games and esports including augmented and virtual reality. It holds 40 stocks in its basket. With an AUM of $552.1 million, the fund charges 50 bps as expense ratio.

Wedbush ETFMG Video Game Tech ETF GAMR

The fund provides pure-play and diversified exposure to a dynamic intersection of technology and entertainment. It also corresponds generally to the price and yield performance of the EEFund Video Game Tech Index.  The index is designed to reflect the performance of companies involved in the video game technology industry including game developers, console and chip manufacturers as well as game retailers. It holds 135 stocks in its basket. With an AUM of $110.2 million, the fund charges 75 bps in expense ratio (read: 5 Bargain ETFs to Tap Renewed Tech Strength).

5 Stocks Set to Double

Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.

Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

Today, See These 5 Potential Home Runs >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Microsoft Corporation (MSFT): Free Stock Analysis Report
 
Global X Video Games & Esports ETF (HERO): ETF Research Reports
 
Nintendo Co. (NTDOY): Free Stock Analysis Report
 
Wedbush ETFMG Video Game Tech ETF (GAMR): ETF Research Reports
 
VanEck Vectors Video Gaming and eSports ETF (ESPO): ETF Research Reports
 
Roundhill BITKRAFT Esports & Digital Entertainment ETF (NERD): ETF Research Reports
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

https://www.entrepreneur.com/article/382275




Intuitive Surgical, Inc. (ISRG) Stock Sinks As Market Gains: What You Should Know

Intuitive Surgical, Inc. (ISRG) closed at $1,036.52 in the latest trading session, marking a -0.55% move from the prior day.

August 27, 2021 3 min read

This story originally appeared on Zacks

Intuitive Surgical, Inc. (ISRG) closed at $1,036.52 in the latest trading session, marking a -0.55% move from the prior day. This change lagged the S&P 500’s 0.88% gain on the day.

Prior to today’s trading, shares of the company had gained 6.19% over the past month. This has outpaced the Medical sector’s gain of 2.78% and the S&P 500’s gain of 1.2% in that time.

ISRG will be looking to display strength as it nears its next earnings release. In that report, analysts expect ISRG to post earnings of $3.60 per share. This would mark year-over-year growth of 29.96%. Meanwhile, our latest consensus estimate is calling for revenue of $1.4 billion, up 29.88% from the prior-year quarter.

ISRG’s full-year Zacks Consensus Estimates are calling for earnings of $14.80 per share and revenue of $5.65 billion. These results would represent year-over-year changes of +45.67% and +29.53%, respectively.

Investors might also notice recent changes to analyst estimates for ISRG. These recent revisions tend to reflect the evolving nature of short-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. Within the past 30 days, our consensus EPS projection remained stagnant. ISRG currently has a Zacks Rank of #2 (Buy).

Valuation is also important, so investors should note that ISRG has a Forward P/E ratio of 70.45 right now. This valuation marks a premium compared to its industry’s average Forward P/E of 40.27.

Meanwhile, ISRG’s PEG ratio is currently 7.29. 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. Medical – Instruments stocks are, on average, holding a PEG ratio of 3.29 based on yesterday’s closing prices.

The Medical – Instruments industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 173, which puts it in the bottom 32% 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.

5 Stocks Set to Double

Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.

Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

Today, See These 5 Potential Home Runs >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Intuitive Surgical, Inc. (ISRG): Free Stock Analysis Report
 
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https://www.entrepreneur.com/article/382260




Align Technology (ALGN) Gains But Lags Market: What You Should Know

Align Technology (ALGN) closed at $701.85 in the latest trading session, marking a +0.76% move from the prior day.

August 27, 2021 3 min read

This story originally appeared on Zacks

Align Technology (ALGN) closed at $701.85 in the latest trading session, marking a +0.76% move from the prior day. This change lagged the S&P 500’s 0.88% gain on the day.

Prior to today’s trading, shares of the maker of the Invisalign tooth-straightening system had gained 2.89% over the past month. This has outpaced the Medical sector’s gain of 2.78% and the S&P 500’s gain of 1.2% in that time.

ALGN will be looking to display strength as it nears its next earnings release. In that report, analysts expect ALGN to post earnings of $2.54 per share. This would mark year-over-year growth of 12.89%. Meanwhile, our latest consensus estimate is calling for revenue of $962.29 million, up 31.08% from the prior-year quarter.

ALGN’s full-year Zacks Consensus Estimates are calling for earnings of $10.99 per share and revenue of $3.92 billion. These results would represent year-over-year changes of +109.33% and +58.44%, respectively.

Investors might also notice recent changes to analyst estimates for ALGN. These recent revisions tend to reflect the evolving nature of short-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. Within the past 30 days, our consensus EPS projection has moved 4.57% higher. ALGN currently has a Zacks Rank of #3 (Hold).

Valuation is also important, so investors should note that ALGN has a Forward P/E ratio of 63.39 right now. This valuation marks a premium compared to its industry’s average Forward P/E of 20.95.

Meanwhile, ALGN’s PEG ratio is currently 2.39. 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. Medical – Dental Supplies stocks are, on average, holding a PEG ratio of 1.48 based on yesterday’s closing prices.

The Medical – Dental Supplies industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 108, which puts it in the top 43% 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.

5 Stocks Set to Double

Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.

Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

Today, See These 5 Potential Home Runs >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Align Technology, Inc. (ALGN): Free Stock Analysis Report
 
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https://www.entrepreneur.com/article/382259




GameStop (GME) Stock Sinks As Market Gains: What You Should Know

In the latest trading session, GameStop (GME) closed at $204.95, marking a -0.13% move from the previous day.

August 27, 2021 3 min read

This story originally appeared on Zacks

GameStop (GME) closed at $204.95 in the latest trading session, marking a -0.13% move from the prior day. This change lagged the S&P 500’s 0.88% gain on the day.

Coming into today, shares of the video game retailer had gained 24.48% in the past month. In that same time, the Retail-Wholesale sector lost 4.22%, while the S&P 500 gained 1.2%.

Wall Street will be looking for positivity from GME as it approaches its next earnings report date. This is expected to be September 8, 2021. On that day, GME is projected to report earnings of -$0.42 per share, which would represent year-over-year growth of 70%. Meanwhile, our latest consensus estimate is calling for revenue of $1.12 billion, up 18.69% from the prior-year quarter.

For the full year, our Zacks Consensus Estimates are projecting earnings of $0.02 per share and revenue of $5.67 billion, which would represent changes of +100.93% and +11.4%, respectively, from the prior year.

Any recent changes to analyst estimates for GME should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-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. 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. GME is holding a Zacks Rank of #3 (Hold) right now.

Looking at its valuation, GME is holding a Forward P/E ratio of 10261. For comparison, its industry has an average Forward P/E of 12.08, which means GME is trading at a premium to the group.

The Retail – Consumer Electronics industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 24, putting it in the top 10% 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.

You can find more information on all of these metrics, and much more, on Zacks.com.

5 Stocks Set to Double

Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.

Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

Today, See These 5 Potential Home Runs >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
GameStop Corp. (GME): Free Stock Analysis Report
 
To read this article on Zacks.com click here.

https://www.entrepreneur.com/article/382262




Winnebago Industries (WGO) Outpaces Stock Market Gains: What You Should Know

Winnebago Industries (WGO) closed the most recent trading day at $73.11, moving +1.26% from the previous trading session.

August 27, 2021 3 min read

This story originally appeared on Zacks

Winnebago Industries (WGO) closed at $73.11 in the latest trading session, marking a +1.26% move from the prior day. The stock outpaced the S&P 500’s daily gain of 0.88%.

Prior to today’s trading, shares of the recreational vehicle maker had gained 1.05% over the past month. This has lagged the Construction sector’s gain of 3.86% and the S&P 500’s gain of 1.2% in that time.

WGO will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $1.98, up 36.55% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $939.83 million, up 27.38% from the year-ago period.

WGO’s full-year Zacks Consensus Estimates are calling for earnings of $7.94 per share and revenue of $3.52 billion. These results would represent year-over-year changes of +207.75% and +49.5%, respectively.

It is also important to note the recent changes to analyst estimates for WGO. These recent revisions tend to reflect the evolving nature of short-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. WGO is holding a Zacks Rank of #2 (Buy) right now.

Investors should also note WGO’s current valuation metrics, including its Forward P/E ratio of 9.09. For comparison, its industry has an average Forward P/E of 10.31, which means WGO is trading at a discount to the group.

The Building Products – Mobile Homes and RV Builders industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 7, which puts it in the top 3% 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.

5 Stocks Set to Double

Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.

Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

Today, See These 5 Potential Home Runs >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Winnebago Industries, Inc. (WGO): Free Stock Analysis Report
 
To read this article on Zacks.com click here.

https://www.entrepreneur.com/article/382261




TSMC (TSM) Gains But Lags Market: What You Should Know

TSMC (TSM) closed the most recent trading day at $118.49, moving +0.33% from the previous trading session.

August 27, 2021 3 min read

This story originally appeared on Zacks

In the latest trading session, TSMC (TSM) closed at $118.49, marking a +0.33% move from the previous day. This change lagged the S&P 500’s 0.88% gain on the day.

Prior to today’s trading, shares of the chip company had gained 1.68% over the past month. This has lagged the Computer and Technology sector’s gain of 1.79% and outpaced the S&P 500’s gain of 1.2% in that time.

TSM will be looking to display strength as it nears its next earnings release. In that report, analysts expect TSM to post earnings of $1.03 per share. This would mark year-over-year growth of 14.44%. Meanwhile, our latest consensus estimate is calling for revenue of $14.89 billion, up 22.66% from the prior-year quarter.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.02 per share and revenue of $56.52 billion. These totals would mark changes of +18.58% and +24.2%, respectively, from last year.

Any recent changes to analyst estimates for TSM should also be noted by investors. 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.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.

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. TSM is holding a Zacks Rank of #3 (Hold) right now.

Investors should also note TSM’s current valuation metrics, including its Forward P/E ratio of 29.38. This represents a no noticeable deviation compared to its industry’s average Forward P/E of 29.38.

We can also see that TSM currently has a PEG ratio of 1.83. 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 – Circuit Foundry industry currently had an average PEG ratio of 1.83 as of yesterday’s close.

The Semiconductor – Circuit Foundry industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 124, which puts it in the top 49% 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 TSM in the coming trading sessions, be sure to utilize Zacks.com.

5 Stocks Set to Double

Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.

Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

Today, See These 5 Potential Home Runs >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Taiwan Semiconductor Manufacturing Company Ltd. (TSM): Free Stock Analysis Report
 
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https://www.entrepreneur.com/article/382264




Morgan Stanley (MS) Outpaces Stock Market Gains: What You Should Know

In the latest trading session, Morgan Stanley (MS) closed at $105.45, marking a +1.55% move from the previous day.

August 27, 2021 3 min read

This story originally appeared on Zacks

In the latest trading session, Morgan Stanley (MS) closed at $105.45, marking a +1.55% move from the previous day. This change outpaced the S&P 500’s 0.88% gain on the day.

Coming into today, shares of the investment bank had gained 7.85% in the past month. In that same time, the Finance sector gained 2.89%, while the S&P 500 gained 1.2%.

Investors will be hoping for strength from MS as it approaches its next earnings release. On that day, MS is projected to report earnings of $1.60 per share, which would represent year-over-year growth of 0.63%. Our most recent consensus estimate is calling for quarterly revenue of $13.46 billion, up 15.47% from the year-ago period.

MS’s full-year Zacks Consensus Estimates are calling for earnings of $7.46 per share and revenue of $57.44 billion. These results would represent year-over-year changes of +13.37% and +19.18%, respectively.

It is also important to note the recent changes to analyst estimates for MS. These revisions typically reflect the latest short-term business trends, which can change frequently. 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 0.48% higher. MS is currently sporting a Zacks Rank of #3 (Hold).

Investors should also note MS’s current valuation metrics, including its Forward P/E ratio of 13.93. Its industry sports an average Forward P/E of 10.91, so we one might conclude that MS is trading at a premium comparatively.

We can also see that MS currently has a PEG ratio of 2.21. 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. MS’s industry had an average PEG ratio of 0.84 as of yesterday’s close.

The Financial – Investment Bank industry is part of the Finance sector. This group has a Zacks Industry Rank of 105, putting it in the top 42% 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.

5 Stocks Set to Double

Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.

Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

Today, See These 5 Potential Home Runs >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Morgan Stanley (MS): Free Stock Analysis Report
 
To read this article on Zacks.com click here.

https://www.entrepreneur.com/article/382263




Walgreens Boots Alliance (WBA) Outpaces Stock Market Gains: What You Should Know

Walgreens Boots Alliance (WBA) closed at $48.48 in the latest trading session, marking a +1.34% move from the prior day.

August 27, 2021 3 min read

This story originally appeared on Zacks

Walgreens Boots Alliance (WBA) closed at $48.48 in the latest trading session, marking a +1.34% move from the prior day. This move outpaced the S&P 500’s daily gain of 0.88%.

Heading into today, shares of the largest U.S. drugstore chain had gained 1.7% over the past month, outpacing the Retail-Wholesale sector’s loss of 4.22% and the S&P 500’s gain of 1.2% in that time.

Investors will be hoping for strength from WBA as it approaches its next earnings release. In that report, analysts expect WBA to post earnings of $1 per share. This would mark a year-over-year decline of 1.96%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $33.18 billion, down 4.49% from the year-ago period.

WBA’s full-year Zacks Consensus Estimates are calling for earnings of $4.75 per share and revenue of $131.76 billion. These results would represent year-over-year changes of +0.21% and -5.58%, respectively.

Investors should also note any recent changes to analyst estimates for WBA. 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. 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. Within the past 30 days, our consensus EPS projection remained stagnant. WBA currently has a Zacks Rank of #3 (Hold).

In terms of valuation, WBA is currently trading at a Forward P/E ratio of 10.07. For comparison, its industry has an average Forward P/E of 10.49, which means WBA is trading at a discount to the group.

We can also see that WBA currently has a PEG ratio of 1.47. 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. Retail – Pharmacies and Drug Stores stocks are, on average, holding a PEG ratio of 1.58 based on yesterday’s closing prices.

The Retail – Pharmacies and Drug Stores industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 211, putting it in the bottom 17% 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.

5 Stocks Set to Double

Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.

Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

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Walgreens Boots Alliance, Inc. (WBA): Free Stock Analysis Report
 
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Peloton (PTON) Misses Big, Gap (GPS) Beats & Raises

While The Gap posted its strongest Q2 in more than a decade, Peloton saw its bottom line and guidance shrink.

August 26, 2021 4 min read

This story originally appeared on Zacks

It was a give-back day in the markets this Thursday, just as it had begun shaping up ahead of jobless claims at Q2 GDP revision data this morning. The S&P 500 and the Nasdaq were both coming off 5-day winning streaks and multiple record-high closing prices; the Dow was up 4-straight and within 1% of its own record closing high. Stocks in all three indexes closed near session lows.

Down -0.54% on the day, the Dow swung to a negative from today’s opening bell. Analysts may consider today’s weaker trading (on still-lighter trading volume, owing to the late weeks of summer) as something of a hesitation ahead of tomorrow’s Jackson Hole summit address from Fed Chair Jerome Powell. Nasdaq had reached a new intra-day high before sliding back under at the bell. The S&P had gained around 20% year to date; it was time for a small early harvest.

Peloton PTON shares are getting hit hard in the aftermarket today, missing on its fiscal Q4 bottom line by a wide margin: -$1.05 per share versus -46 cents expected (and -27 cents per share reported in the year-ago quarter). Revenues of $937 million did surpass the $925.2 million in the Zacks consensus. Gross Margins reached 27%, which was lower than the 35% anticipated.

Shares are down more than -13% in late trading on the news, particularly on a newly announced price cut to its bike. This, following shrinking gross margins (which are now guided lower for the full fiscal year), looks to have sent many investors out of the stock. Although Connected Fitness Subscriptions grew +114% in the quarter to 2.33 million, paid digital subscriptions were lower than expected, as well.

Zacks Rank #2 (Buy)-rated The Gap GPS, on the other hand, easily toppled expectations on its Q2 top and bottom lines Thursday afternoon, with earnings of 70 cents per share far outshining the 47-cent estimate. Sales of $4.21 billion in the quarter improved over the expected $4.17 billion, up roughly +30% year over year. This is The Gap’s highest Q2 sales in more than a decade.

Further, we see comps up +12% from the same-store sales from 2019, the last reasonably comparable quarter. Gross Margins were better than expected at 43.3%, with second-half guidance strong on the performance of Old Navy and Athleta. Guidance for full-year earnings is raised to $2.10-2.25 per share from the Zacks consensus $1.81 per share, with revenues expected to grow +30% year over year.

It’s the final days of calendar Q2 earnings season, and it is unlikely any company’s numbers yet to come will have the impact on the market that tomorrow’s Jackson Hole speech from Fed Chair Powell might. Next week brings in our final 5-day trading sequence before Labor Day, which is a week from this coming Monday. We hope markets can remain at or exceed current levels based on their absorption of Fed policy indications tomorrow.

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Zacks Names “Single Best Pick to Double”

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.

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The Gap, Inc. (GPS): Free Stock Analysis Report
 
Peloton Interactive, Inc. (PTON): Free Stock Analysis Report
 
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https://www.entrepreneur.com/article/381992