In the latest trading session, CubeSmart (CUBE) closed at $50.74, marking a -0.35% move from the previous day. This change lagged the S&P 500’s daily gain of 1.89%. Elsewhere, the Dow gained 1.17%, while the tech-heavy Nasdaq added 0.75%.
– Zacks
Prior to today’s trading, shares of the self-storage company had lost 10.53% over the past month. This has lagged the Finance sector’s loss of 2.25% and the S&P 500’s loss of 7.36% in that time.
Wall Street will be looking for positivity from CubeSmart as it approaches its next earnings report date. In that report, analysts expect CubeSmart to post earnings of $0.56 per share. This would mark year-over-year growth of 19.15%. Meanwhile, our latest consensus estimate is calling for revenue of $224.28 million, up 25.44% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for CubeSmart. 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, 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 0.42% higher. CubeSmart is currently sporting a Zacks Rank of #2 (Buy).
Digging into valuation, CubeSmart currently has a Forward P/E ratio of 21.1. For comparison, its industry has an average Forward P/E of 14.52, which means CubeSmart is trading at a premium to the group.
We can also see that CUBE currently has a PEG ratio of 1.89. 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. CUBE’s industry had an average PEG ratio of 2.54 as of yesterday’s close.
The REIT and Equity Trust – Other industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 156, which puts it in the bottom 39% 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.
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.
As one investor put it, “curing and preventing hundreds of diseases…what should that market be worth?” This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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
Cerner (CERN) closed the most recent trading day at $91.20, moving -0.21% from the previous trading session. This move lagged the S&P 500’s daily gain of 1.89%. Meanwhile, the Dow gained 1.17%, and the Nasdaq, a tech-heavy index, added 0.75%.
– Zacks
Heading into today, shares of the health care information technology company had lost 1.59% over the past month, outpacing the Medical sector’s loss of 10.76% and the S&P 500’s loss of 7.36% in that time.
Wall Street will be looking for positivity from Cerner as it approaches its next earnings report date. The company is expected to report EPS of $0.88, up 12.82% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $1.49 billion, up 6.53% from the year-ago period.
Any recent changes to analyst estimates for Cerner 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.
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 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. Cerner is currently sporting a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Cerner has a Forward P/E ratio of 24.82 right now. Its industry sports an average Forward P/E of 20.84, so we one might conclude that Cerner is trading at a premium comparatively.
It is also worth noting that CERN currently has a PEG ratio of 1.94. 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. CERN’s industry had an average PEG ratio of 1.82 as of yesterday’s close.
The Medical Info Systems industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 96, which puts it in the top 38% 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.
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.
As one investor put it, “curing and preventing hundreds of diseases…what should that market be worth?” This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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
Best Penny Stocks To Buy This Week? 4 Short Squeeze Stocks To Watch
Penny stocks are some of the highest risk, highest reward assets in the stock market right now. Part of this is because you can quickly make so much money with them. A simple “buy low, sell high” strategy is all anyone needs to keep things simple.
PennyStocks.com – PennyStocks
Even with the stock market crashes lower, you’ll see more than a handful of penny stocks trading higher. One of the recently popular themes that readers have followed is something known as “short squeeze stocks.”
It generally involves stocks that have big bets against them, but a violent and aggressive breakout can trigger under the right circumstances. Today we’ll look at a few hot penny stocks to watch this week with higher short interest. Will they squeeze, or will the traders with bearish bets continue winning the battle?
Splash Beverage was one of the increasingly popular short squeeze penny stocks to watch this month. Shares surged during the second half of the month following two significant updates from the company.
Splash announced authorization receipts from Walmart (in Florida) and Ralph’s (in California) for its TapouT & Pulpoloco beverage brands. The company also signed a distribution agreement with Central Distributors of Arkansas and D. Bertonline & Sons in New York for select Splash brands.
With multiple wins this month, SBEV stock has seen no shortage of attention. Shares have climbed from roughly $1 to highs of over $5 at times. Heading into this week, SBEV stock finished its Friday session at just under $4.
Is SBEV A Short Squeeze Penny Stock?
According to data from Fintel.IO, the short float percentage for SBEV stock is lower relative to other names on this list of penny stocks. Coming in at roughly 8.58%, it isn’t your typical “high short” figure. However, in light of SBEV being a relatively lower float stock, it could be something to make a note of. Furthermore, with a low time to cover and higher borrow fee rate, traders have circulated this among lists of short interest stocks.
Singularity Future Technology Ltd (NASDAQ:SGLY)
You might not recognize this name as a familiar face regarding penny stocks. But if you’ve traded low-priced shares for a few months, you likely know the name Sino-Global Shipping. It was a popular cryptocurrency name, believe it or not, as the company transitioned. Following its name and symbol change to Singularity earlier in the month, SGLY stock has begun gaining some attention.
The new face of Sino, Singularity’s model, is focused on digital currency and the legacy shipping business. To get you up to speed, Singularity restructured a mining server purchase agreement for 2,783 servers with Hebei Yanghuai Technology Co., Ltd. Yanghuai was tasked with transporting the servers equal to half of the agreed-upon 50,440 t/s in computing power, to Sino’s Ningbo, China office. The company also appointed a new Chief Technical Officer to help develop prospects for its crypto initiative.
Chief Executive Officer, Yang “Leo” Jie, explained the new mandate in a January press release:
“We made major progress in 2021, including executive leadership changes, new strategic partnerships, and investments designed to establish our technology leadership. Both our Board of Directors and management team wanted to make the formal name change to better reflect our business, as we remain focused on accelerating growth in cryptocurrency and other new markets.”
One thing weighing on SGLY stock is the volatility in the crypto markets. This is something to keep in mind if it’s on your list of penny stocks right now.
Is SGLY A Short Squeeze Penny Stock?
According to Fintel, as of this article, the short float percentage on SGLY stock is around 6.94%. Again, it isn’t the highest short interest but something to keep in mind all the same.
Petros Pharmaceuticals Inc. (NASDAQ:PTPI)
Petros shares have flip-flopped during the final days of January. The biotech company’s stock managed to rally back slightly from an earlier sell-off thanks to launching two new studies. Petros provides therapeutics specialized in men’s health and initiated two self-selection studies for STENDRA. This is the company’s erectile dysfunction drug, and the results of the studies will be a part of a larger data package Petros expects to submit to the FDA. Its ultimate goal is achieving over-the-counter status for STENDRA.
Fady Boctor, Petros’s President and Chief Commercial Officer, explained in a January release, “The recently completed label comprehension studies and these self-selection studies continue to enable us to refine and test our draft OTC label in broad as well as in targeted patient populations. We are looking forward to reviewing these results with the FDA during a pre-IND interaction we anticipate having during the first half of 2022.”
Petros has also recently partnered with a global contract manufacturer for the commercial production of STENDRA. According to the company, this is expected to offer cost savings and gross margin increases. As commercial plans and IND speculation present potential catalysts, the market has become more active during the final days of January.
Is PTPI A Short Squeeze Penny Stock?
Based on Fintel data, the short float percentage for PTPI stock is much higher than the others on this list. As of this article, that figure sits around 13.74%.
Ocugen Inc. (NASDAQ:OCGN)
Virus fears have directed big moves in the stock market over the last few years. Some of the biggest beneficiaries have been vaccine manufacturers. Ocugen has been mixed as far as sentiment is concerned. Last year the ocular health company pivoted to vaccine development thanks to its relationship with Inda-based Bharat Biotech and its COVAXIN biotherapeutic. While last year was a big and volatile one for Ocugen, thanks to speculation on COVAXIN, 2022 has seen a much different reaction in the stock market.
Needless to say, investors remain focused on any new or updated advancements from the COVAXIN platform, and that’s precisely what they received last week. Bharat Biotech tweeted out:
“Bharat Biotech’s Intranasal COVID-19 vaccine, BBV154, has received DCGI approval for Phase-3 clinical trials.”
The tweet came in tandem with news that Ocugen signed a letter of intent to acquire a dormant vaccine manufacturing plant in Canada. Blended together, it seems that the market has taken a bullish stance on OCGN stock heading into the new week. It will be interesting to see how this unfolds with the new month beginning.
Is OCGN A Short Squeeze Penny Stock?
If you’re looking for stocks with high short interest, OCGN could fit that mold. According to Fintel, the short float percentage as of this article sits at 27.83%.
How Do You Short A Stock?
Shorting a stock isn’t as hard as you might think. A lot depends on your broker and if a particular stock can be shorted (borrowable). The process of shorting involves borrowing shares from a broker and selling them into the public market. Then, once the trader is satisfied with the trade, they repurchase the shares, return them to the broker, and profit.
Since the expectation is that share prices will drop, the profit comes from the difference in the cost to repurchase the shares and the price at which the shares were initially sold. For example, if a trader borrows ten shares, sells them short at $100, then repurchases ten shares at $90 to return the borrow, they would pocket $10 per share.
What Is A Short Squeeze?
A short squeeze can cause significant losses for traders who short stocks. During a short squeeze, share prices don’t drop but rise instead. As more retail buying pressure comes into the market, short traders still need to return the borrowed stock.
In this circumstance, they buy back at higher prices than they originally sold short, thus taking a loss. Combined with regular retail buying, it triggers a snowball effect resulting in aggressive moves in specific stocks.
Short Squeeze Penny Stocks To Watch This Week
The thing to remember about short squeeze stocks is that volatility is a big proponent. Stocks can squeeze, breakout big, and then drop just as quickly. For this reason, it’s essential to understand how to trade volatile penny stocks and know how to set profit targets ahead of time. “Going to the moon” is excellent, but if your stock “moons” and you don’t know how to take advantage, you could miss out entirely.
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https://www.entrepreneur.com/article/415925
How Long Will the Current Market Roller Coaster Continue?
Market conditions in 2022 are dramatically different than what we encountered in 2021. Only time will tell if this is a correction or a bear market, but it’s beyond obvious that this is more than a garden-variety dip. In today’s commentary, I want to discuss why I think the near-term outlook for the S&P 500 (SPY) remains risky and what it would take to change that opinion. Then I want to discuss the changes in our strategy. Read on below to find out more….
shutterstock.com – StockNews
(Please enjoy this updated version of my weekly commentary published January 28, 2022 from the POWR Stocks Under $10 newsletter).
First, let’s recap the past week:
Over the last week, the market has been quite volatile. Overall, the S&P 500 is down another 3.2%, while the Russell 2000 and Nasdaq are lower by 4.4% and 5.6%, respectively. Of course, this is a continuation of last week’s market action which also saw pullbacks of similar magnitudes.
What’s interesting is that that these losses have come about as the market has been in the midst of a bottoming attempt since last Monday. So far, I’m not impressed.
On Monday, the market had an impressive bounce off the 4,220 level and eventually reached 4,453 in the initial moments following the FOMC decision. However, the bulk of these gains have been lost in the ensuing sessions.
Here are some reasons why I think this bounce attempt will rollover…
Short-term yields on Treasuries continue moving higher
Inflation data remains stubbornly strong
Economic growth data is likely to soften
Earnings season is so-so but certainly not strong enough to shake the market out of its doldrums
Ideally in bottoming attempts… you see massive accumulation. I can’t help but notice that every day including Monday has seen negative breadth. My interpretation is that the market remains under distribution.
And to be clear, if this was a dip or even a garden-variety correction, then I think we have reached sufficient levels of the market getting oversold and fear that it would make sense to get bullish from a contrarian perspective.
But, I do think this is different…
We have the normal uncertainty of the Fed beginning a hiking cycle and one that is going to be much faster and steeper than previous iterations with less room to maneuver.
On top of that, we are going to encounter strong inflation data while economic data softens. And this is the crux of my argument – the worst case scenario for the stock market is falling growth expectations while interest rates rise. Even the whiff of this can cause stocks to plummet… and that is my fear at the moment.
What would change my mind…
If we start seeing more accumulation or bullish price action, then I would be more inclined to turn bullish. A close above the 200 day moving average. Or a legitimate washout in the markets.
All of these would be indications that the negatives are fully priced into the market.
After all, I do believe that the bull market is well and alive… just in a hibernation phase.
Changes in Strategy…
As we’ve discussed the last couple of weeks, the change in market conditions necessitates a change in our strategy.
I think this is prudent for any sort of trading or investing but even more germane for our portfolio of stocks under $10. These stocks tend to be among the worst performers during periods of market turmoil because there is very little institutional participation.
This volatility is also what creates opportunity and outperformance as traders inevitably overdo it on the bearish side.
So our main focus is on finding the next big batch of winners to buy once the market environment starts improving.
What To Do Next?
If you’d like to see more top stocks under $10, then you should check out our free special report:
What gives these stocks the right stuff to become big winners?
First, because they are all low priced companies with explosive growth potential.
But even more important, is that they are all top Buy rated stocks according to our coveted POWR Ratings system and they excel in key areas of growth, sentiment and momentum.
Click below now to see these 3 exciting stocks which could double (or more!) in the year ahead.
SPY shares closed at $441.95 on Friday, up $10.71 (+2.48%). Year-to-date, SPY has declined -6.95%, versus a % rise in the benchmark S&P 500 index during the same period.
About the Author: Jaimini Desai
Jaimini Desai has been a financial writer and reporter for nearly a decade. His goal is to help readers identify risks and opportunities in the markets. He is the Chief Growth Strategist for StockNews.com and the editor of the POWR Growth and POWR Stocks Under $10 newsletters. Learn more about Jaimini’s background, along with links to his most recent articles.
Arbor Realty Trust (ABR) closed at $17.06 in the latest trading session, marking a +0.41% move from the prior day. This move lagged the S&P 500’s daily gain of 2.44%. Elsewhere, the Dow gained 1.65%, while the tech-heavy Nasdaq added 0.28%.
– Zacks
Coming into today, shares of the real estate investment trust had lost 7.81% in the past month. In that same time, the Finance sector lost 3.64%, while the S&P 500 lost 9.65%.
Investors will be hoping for strength from Arbor Realty Trust as it approaches its next earnings release. The company is expected to report EPS of $0.40, down 18.37% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $139.4 million, up 61.79% from the year-ago period.
It is also important to note the recent changes to analyst estimates for Arbor Realty Trust. 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. 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. Arbor Realty Trust currently has a Zacks Rank of #3 (Hold).
Investors should also note Arbor Realty Trust’s current valuation metrics, including its Forward P/E ratio of 9.88. For comparison, its industry has an average Forward P/E of 8.48, which means Arbor Realty Trust is trading at a premium to the group.
The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 102, which puts it in the top 40% 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 ABR in the coming trading sessions, be sure to utilize Zacks.com.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
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
In the latest trading session, Starbucks (SBUX) closed at $97.21, marking a +1.98% move from the previous day. The stock lagged the S&P 500’s daily gain of 2.44%. Elsewhere, the Dow gained 1.65%, while the tech-heavy Nasdaq added 0.28%.
– Zacks
Prior to today’s trading, shares of the coffee chain had lost 18% over the past month. This has lagged the Retail-Wholesale sector’s loss of 13.11% and the S&P 500’s loss of 9.65% in that time.
Investors will be hoping for strength from Starbucks as it approaches its next earnings release, which is expected to be February 1, 2022. In that report, analysts expect Starbucks to post earnings of $0.80 per share. This would mark year-over-year growth of 31.15%. Our most recent consensus estimate is calling for quarterly revenue of $7.99 billion, up 18.38% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.44 per share and revenue of $32.67 billion. These totals would mark changes of +6.17% and +12.42%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Starbucks. 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. 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 0.08% lower. Starbucks currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Starbucks is holding a Forward P/E ratio of 27.67. This represents a premium compared to its industry’s average Forward P/E of 19.48.
Investors should also note that SBUX has a PEG ratio of 1.4 right now. 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. SBUX’s industry had an average PEG ratio of 1.74 as of yesterday’s close.
The Retail – Restaurants industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 232, putting it in the bottom 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.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
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
Kohl’s (KSS) closed at $60.16 in the latest trading session, marking a +0.65% move from the prior day. This change lagged the S&P 500’s 2.44% gain on the day. Meanwhile, the Dow gained 1.65%, and the Nasdaq, a tech-heavy index, added 0.28%.
– Zacks
Coming into today, shares of the department store operator had gained 18.9% in the past month. In that same time, the Retail-Wholesale sector lost 13.11%, while the S&P 500 lost 9.65%.
Wall Street will be looking for positivity from Kohl’s as it approaches its next earnings report date. On that day, Kohl’s is projected to report earnings of $2.13 per share, which would represent a year-over-year decline of 4.05%. Meanwhile, our latest consensus estimate is calling for revenue of $6.86 billion, up 11.68% from the prior-year quarter.
KSS’s full-year Zacks Consensus Estimates are calling for earnings of $7.29 per share and revenue of $19.79 billion. These results would represent year-over-year changes of +702.48% and +24.05%, respectively.
It is also important to note the recent changes to analyst estimates for Kohl’s. 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. 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 has moved 0.14% lower. Kohl’s is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Kohl’s is holding a Forward P/E ratio of 8.19. This represents a premium compared to its industry’s average Forward P/E of 8.01.
Meanwhile, KSS’s PEG ratio is currently 1.02. 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 – Regional Department Stores industry currently had an average PEG ratio of 0.55 as of yesterday’s close.
The Retail – Regional Department Stores industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 12, which puts it in the top 5% 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 KSS in the coming trading sessions, be sure to utilize Zacks.com.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
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
Best Buy (BBY) closed at $97.64 in the latest trading session, marking a +1.6% move from the prior day. This move lagged the S&P 500’s daily gain of 2.44%. Elsewhere, the Dow gained 1.65%, while the tech-heavy Nasdaq added 0.28%.
– Zacks
Coming into today, shares of the consumer electronics retailer had lost 5.37% in the past month. In that same time, the Retail-Wholesale sector lost 13.11%, while the S&P 500 lost 9.65%.
Investors will be hoping for strength from Best Buy as it approaches its next earnings release. The company is expected to report EPS of $2.81, down 19.25% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $16.73 billion, down 1.25% from the year-ago period.
BBY’s full-year Zacks Consensus Estimates are calling for earnings of $10.09 per share and revenue of $52.12 billion. These results would represent year-over-year changes of +27.56% and +10.27%, respectively.
Investors might also notice recent changes to analyst estimates for Best Buy. 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.
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 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 0.2% lower. Best Buy is currently a Zacks Rank #4 (Sell).
Valuation is also important, so investors should note that Best Buy has a Forward P/E ratio of 9.53 right now. This represents a premium compared to its industry’s average Forward P/E of 7.8.
Meanwhile, BBY’s PEG ratio is currently 1.05. 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. BBY’s industry had an average PEG ratio of 0.66 as of yesterday’s close.
The Retail – Consumer Electronics industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 251, which puts it in the bottom 2% 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.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
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
Rocket Companies (RKT) closed at $12.37 in the latest trading session, marking a -0.08% move from the prior day. This move lagged the S&P 500’s daily gain of 2.44%. At the same time, the Dow added 1.65%, and the tech-heavy Nasdaq gained 0.28%.
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Coming into today, shares of the company had lost 15.73% in the past month. In that same time, the Business Services sector lost 27.42%, while the S&P 500 lost 9.65%.
Investors will be hoping for strength from Rocket Companies as it approaches its next earnings release. The company is expected to report EPS of $0.37, down 67.54% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.65 billion, down 43.61% from the year-ago period.
Investors should also note any recent changes to analyst estimates for Rocket Companies. 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. 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 3.81% lower. Rocket Companies currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Rocket Companies is currently trading at a Forward P/E ratio of 8.19. This represents a discount compared to its industry’s average Forward P/E of 21.71.
Meanwhile, RKT’s PEG ratio is currently 0.82. 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 Technology Services industry currently had an average PEG ratio of 1.42 as of yesterday’s close.
The Technology Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 170, putting it in the bottom 34% 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.
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Dillard’s (DDS) closed at $251.02 in the latest trading session, marking a -1.74% move from the prior day. This change lagged the S&P 500’s 2.44% gain on the day. Elsewhere, the Dow gained 1.65%, while the tech-heavy Nasdaq added 0.28%.
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Prior to today’s trading, shares of the department store operator had gained 1.77% over the past month. This has outpaced the Retail-Wholesale sector’s loss of 13.11% and the S&P 500’s loss of 9.65% in that time.
Wall Street will be looking for positivity from Dillard’s as it approaches its next earnings report date. The company is expected to report EPS of $8.75, up 155.1% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $2.02 billion, up 28.38% from the prior-year quarter.
DDS’s full-year Zacks Consensus Estimates are calling for earnings of $31.91 per share and revenue of $6.49 billion. These results would represent year-over-year changes of +1268.86% and +50.83%, respectively.
Investors should also note any recent changes to analyst estimates for Dillard’s. 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.
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. Dillard’s currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Dillard’s is holding a Forward P/E ratio of 8.01. Its industry sports an average Forward P/E of 8.01, so we one might conclude that Dillard’s is trading at a no noticeable deviation comparatively.
Meanwhile, DDS’s PEG ratio is currently 0.55. 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. Retail – Regional Department Stores stocks are, on average, holding a PEG ratio of 0.55 based on yesterday’s closing prices.
The Retail – Regional Department Stores industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 12, putting it in the top 5% 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.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
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
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