Kraft Heinz (KHC) closed at $37.65 in the latest trading session, marking a +0.94% move from the prior day. This move outpaced the S&P 500’s daily loss of 1.42%. At the same time, the Dow lost 0.49%, and the tech-heavy Nasdaq lost 0.47%.

– Zacks

Prior to today’s trading, shares of the maker of Oscar Mayer meats, Jell-O pudding and Velveeta cheese had gained 6.94% over the past month. This has outpaced the Consumer Staples sector’s gain of 4.57% and the S&P 500’s gain of 0.39% in that time.

Investors will be hoping for strength from Kraft Heinz as it approaches its next earnings release. In that report, analysts expect Kraft Heinz to post earnings of $0.63 per share. This would mark a year-over-year decline of 21.25%. Our most recent consensus estimate is calling for quarterly revenue of $6.6 billion, down 4.82% from the year-ago period.

Any recent changes to analyst estimates for Kraft Heinz 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. 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. Within the past 30 days, our consensus EPS projection remained stagnant. Kraft Heinz is currently a Zacks Rank #4 (Sell).

Digging into valuation, Kraft Heinz currently has a Forward P/E ratio of 14.25. This valuation marks a discount compared to its industry’s average Forward P/E of 19.1.

Meanwhile, KHC’s PEG ratio is currently 2.85. 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. KHC’s industry had an average PEG ratio of 3.18 as of yesterday’s close.

The Food – Miscellaneous industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 229, putting it in the bottom 11% 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.

Bitcoin, Like the Internet Itself, Could Change Everything

Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.

Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly. 

See 3 crypto-related stocks now >>

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The Kraft Heinz Company (KHC): Free Stock Analysis Report
 
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Rivian Automotive Inc.‘s RIVN COO, Rod Copes, recently stepped down after being in the position since March 2020, further stretching a tumultuous phase for the electric vehicle (EV) maker. RIVN stock fell 5.3% to $77.16 a share at after-hours trading yesterday, following the announcement of the resignation. The price recorded was below its Initial Public Offering (IPO) value of $78.
Although RIVN completed the year’s biggest IPO in November 2021, it has been going through a rough patch. In December, it stated concerns of trailing behind its goal to build 1,200 units for the year by a few hundred vehicles. The COO’s departure comes at a critical juncture when the company is faced with challenges in the production ramp-up of its R1T and R1S EVs.
According to his LinkedIn profile, Copes had officially left Rivian in December 2021. RIVN stated that Copes’ departure was in a phased manner spanning several months to ensure that the continuous flow of duties and responsibilities among Rivian’s leadership team is not hampered.
In a positive development, Rivian filed a new trademark for bicycles and electric bikes as well as their corresponding structural parts. It is probably an indication that the company is watching for the e-bike domain and seeks to diversify its portfolio with a cheaper product to mass-produce than electric pickup trucks and in line with its targeted “adventure” seeking demographic.
Recently, RIVN also shared plans to use part of the $13.7 billion it had raised through its IPO to build a second factory in Georgia to double its production capacity and produce battery cells. The company’s first factory is in Illinois. Also, it has filed a patent for an integrated tailgate cargo system for automotive vehicles, which is essentially a tailgate bike rack that allows drivers to carry a bike in their pickup without losing bed space.

– Zacks

Zacks Rank & Key Picks

Currently, Rivian carries a Zacks Rank #3 (Hold).
Some better-ranked players in the auto space are Genuine Parts GPC, Tesla TSLA and Fox Factory Holdings FOXF, each carrying a Zacks Rank #2 (Buy) currently. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Genuine Parts has an expected earnings growth rate of 27.3% for the current year. The Zacks Consensus Estimate for earnings for the current year has been revised around 2% upward over the past 60 days.
Genuine Parts’ earnings beat the Zacks Consensus Estimate in all the trailing four quarters. GPC pulled off a trailing four-quarter earnings surprise of 16%, on average. Its shares have also gained 31.3% over a year.
Fox Factory has an expected earnings growth rate of 48.2% for the current year. The Zacks Consensus Estimate for the current year has been revised around 2% upward over the past 60 days.
Fox Factory’s bottom line beat the Zacks Consensus Estimate in all the trailing four quarters. FOXF delivered a trailing four-quarter earnings surprise of roughly 16%, on average. The stock has rallied 38.3% over a year.
Tesla has an expected earnings growth rate of 173.2% for the current year. The Zacks Consensus Estimate for the current-year earnings has been revised around 7% upward over the past 60 days.
Tesla’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters. TSLA pulled off a trailing four-quarter earnings surprise of 25.4%, on average. The stock has also rallied 30.4% over a year.

(NOTE: We are reissuing this article to correct an error. The original version, published earlier today, January 11, 2022, should no longer be relied on.)

Zacks’ Top Picks to Cash in on Artificial Intelligence

This world-changing technology is projected to generate $100s of billions by 2025. From self-driving cars to consumer data analysis, people are relying on machines more than we ever have before. Now is the time to capitalize on the 4th Industrial Revolution. Zacks’ urgent special report reveals 6 AI picks investors need to know about today.

See 6 Artificial Intelligence Stocks With Extreme Upside Potential>>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Genuine Parts Company (GPC): Free Stock Analysis Report
 
Tesla, Inc. (TSLA): Free Stock Analysis Report
 
Fox Factory Holding Corp. (FOXF): Free Stock Analysis Report
 
Rivian Automotive, Inc. (RIVN): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

Rivian Automotive Inc.‘s RIVN COO, Rod Copes, recently stepped down after being in the position since March 2020, further stretching a tumultuous phase for the electric vehicle (EV) maker. RIVN stock fell 5.3% to $77.16 a share at after-hours trading yesterday, following the announcement of the resignation. The price recorded was below its Initial Public Offering (IPO) value of $78.
Although RIVN completed the year’s biggest IPO in November 2021, it has been going through a rough patch. In December, it stated concerns of trailing behind its goal to build 1,200 units for the year by a few hundred vehicles. The COO’s departure comes at a critical juncture when the company is faced with challenges in the production ramp-up of its R1T and R1S EVs.
According to his LinkedIn profile, Copes had officially left Rivian in December 2021. RIVN stated that Copes’ departure was in a phased manner spanning several months to ensure that the continuous flow of duties and responsibilities among Rivian’s leadership team is not hampered.
In a positive development, Rivian filed a new trademark for bicycles and electric bikes as well as their corresponding structural parts. It is probably an indication that the company is watching for the e-bike domain and seeks to diversify its portfolio with a cheaper product to mass-produce than electric pickup trucks and in line with its targeted “adventure” seeking demographic.
Recently, RIVN also shared plans to use part of the $13.7 billion it had raised through its IPO to build a second factory in Georgia to double its production capacity and produce battery cells. The company’s first factory is in Illinois. Also, it has filed a patent for an integrated tailgate cargo system for automotive vehicles, which is essentially a tailgate bike rack that allows drivers to carry a bike in their pickup without losing bed space.

– Zacks

Zacks Rank & Key Picks

Currently, Rivian carries a Zacks Rank #3 (Hold).
Some better-ranked players in the auto space are Genuine Parts GPC, Tesla TSLA and Fox Factory Holdings FOXF, each carrying a Zacks Rank #2 (Buy) currently. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Genuine Parts has an expected earnings growth rate of 27.3% for the current year. The Zacks Consensus Estimate for earnings for the current year has been revised around 2% upward over the past 60 days.
Genuine Parts’ earnings beat the Zacks Consensus Estimate in all the trailing four quarters. GPC pulled off a trailing four-quarter earnings surprise of 16%, on average. Its shares have also gained 31.3% over a year.
Fox Factory has an expected earnings growth rate of 48.2% for the current year. The Zacks Consensus Estimate for the current year has been revised around 2% upward over the past 60 days.
Fox Factory’s bottom line beat the Zacks Consensus Estimate in all the trailing four quarters. FOXF delivered a trailing four-quarter earnings surprise of roughly 16%, on average. The stock has rallied 38.3% over a year.
Tesla has an expected earnings growth rate of 173.2% for the current year. The Zacks Consensus Estimate for the current-year earnings has been revised around 7% upward over the past 60 days.
Tesla’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters. TSLA pulled off a trailing four-quarter earnings surprise of 25.4%, on average. The stock has also rallied 30.4% over a year.

(NOTE: We are reissuing this article to correct an error. The original version, published earlier today, January 11, 2022, should no longer be relied on.)

Zacks’ Top Picks to Cash in on Artificial Intelligence

This world-changing technology is projected to generate $100s of billions by 2025. From self-driving cars to consumer data analysis, people are relying on machines more than we ever have before. Now is the time to capitalize on the 4th Industrial Revolution. Zacks’ urgent special report reveals 6 AI picks investors need to know about today.

See 6 Artificial Intelligence Stocks With Extreme Upside Potential>>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Genuine Parts Company (GPC): Free Stock Analysis Report
 
Tesla, Inc. (TSLA): Free Stock Analysis Report
 
Fox Factory Holding Corp. (FOXF): Free Stock Analysis Report
 
Rivian Automotive, Inc. (RIVN): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

Genco Shipping & Trading (GNK) closed at $15.79 in the latest trading session, marking a -1.25% move from the prior day. This change lagged the S&P 500’s 0.14% loss on the day. Elsewhere, the Dow lost 0.45%, while the tech-heavy Nasdaq lost 0.02%.

– Zacks

Coming into today, shares of the transporter of drybulk cargo had gained 2.96% in the past month. In that same time, the Transportation sector gained 1.8%, while the S&P 500 lost 0.13%.

Genco Shipping & Trading will be looking to display strength as it nears its next earnings release. In that report, analysts expect Genco Shipping & Trading to post earnings of $1.92 per share. This would mark year-over-year growth of 772.73%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $129.28 million, up 108.31% from the year-ago period.

It is also important to note the recent changes to analyst estimates for Genco Shipping & Trading. 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 has moved 0.12% higher. Genco Shipping & Trading is currently a Zacks Rank #2 (Buy).

In terms of valuation, Genco Shipping & Trading is currently trading at a Forward P/E ratio of 3.96. This represents a no noticeable deviation compared to its industry’s average Forward P/E of 3.96.

The Transportation – Shipping industry is part of the Transportation sector. This group has a Zacks Industry Rank of 100, putting it in the top 40% 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.

Zacks’ Top Picks to Cash in on Artificial Intelligence

In 2021, this world-changing technology is projected to generate $327.5 billion in revenue. Now Shark Tank star and billionaire investor Mark Cuban says AI will create “the world’s first trillionaires.” Zacks’ urgent special report reveals 3 AI picks investors need to know about today.

See 3 Artificial Intelligence Stocks With Extreme Upside Potential>>

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

UnitedHealth Group (UNH) closed the most recent trading day at $465, moving +1.4% from the previous trading session. The stock outpaced the S&P 500’s daily loss of 0.14%. Meanwhile, the Dow lost 0.45%, and the Nasdaq, a tech-heavy index, lost 0.02%.

– Zacks

Coming into today, shares of the largest U.S. health insurer had lost 4.1% in the past month. In that same time, the Medical sector lost 2.72%, while the S&P 500 lost 0.13%.

UnitedHealth Group will be looking to display strength as it nears its next earnings release, which is expected to be January 19, 2022. On that day, UnitedHealth Group is projected to report earnings of $4.30 per share, which would represent year-over-year growth of 70.63%. Our most recent consensus estimate is calling for quarterly revenue of $73.1 billion, up 11.66% from the year-ago period.

Investors might also notice recent changes to analyst estimates for UnitedHealth Group. 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. The Zacks Consensus EPS estimate has moved 0.01% higher within the past month. UnitedHealth Group is holding a Zacks Rank of #3 (Hold) right now.

Looking at its valuation, UnitedHealth Group is holding a Forward P/E ratio of 21.12. Its industry sports an average Forward P/E of 15.23, so we one might conclude that UnitedHealth Group is trading at a premium comparatively.

Investors should also note that UNH has a PEG ratio of 1.47 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock’s expected earnings growth rate. The Medical – HMOs was holding an average PEG ratio of 1.11 at yesterday’s closing price.

The Medical – HMOs industry is part of the Medical sector. This group has a Zacks Industry Rank of 107, putting it in the top 42% 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.

Zacks’ Top Picks to Cash in on Artificial Intelligence

In 2021, this world-changing technology is projected to generate $327.5 billion in revenue. Now Shark Tank star and billionaire investor Mark Cuban says AI will create “the world’s first trillionaires.” Zacks’ urgent special report reveals 3 AI picks investors need to know about today.

See 3 Artificial Intelligence Stocks With Extreme Upside Potential>>

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

CVS Health (CVS) closed at $105.06 in the latest trading session, marking a +0.84% move from the prior day. This change outpaced the S&P 500’s 0.14% loss on the day. Elsewhere, the Dow lost 0.45%, while the tech-heavy Nasdaq lost 0.02%.

– Zacks

Coming into today, shares of the drugstore chain and pharmacy benefits manager had gained 5.39% in the past month. In that same time, the Retail-Wholesale sector lost 4.76%, while the S&P 500 lost 0.13%.

CVS Health will be looking to display strength as it nears its next earnings release, which is expected to be February 9, 2022. In that report, analysts expect CVS Health to post earnings of $1.60 per share. This would mark year-over-year growth of 23.08%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $75.06 billion, up 7.91% from the year-ago period.

It is also important to note the recent changes to analyst estimates for CVS Health. 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 has moved 0.11% lower. CVS Health is currently a Zacks Rank #3 (Hold).

In terms of valuation, CVS Health is currently trading at a Forward P/E ratio of 12.67. This represents a premium compared to its industry’s average Forward P/E of 10.8.

Also, we should mention that CVS has a PEG ratio of 1.88. 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 – Pharmacies and Drug Stores was holding an average PEG ratio of 2.14 at yesterday’s closing price.

The Retail – Pharmacies and Drug Stores industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 199, which puts it in the bottom 22% 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.

Zacks’ Top Picks to Cash in on Artificial Intelligence

In 2021, this world-changing technology is projected to generate $327.5 billion in revenue. Now Shark Tank star and billionaire investor Mark Cuban says AI will create “the world’s first trillionaires.” Zacks’ urgent special report reveals 3 AI picks investors need to know about today.

See 3 Artificial Intelligence Stocks With Extreme Upside Potential>>

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

In the latest trading session, PPL (PPL) closed at $30.23, marking a -0.07% move from the previous day. This change was narrower than the S&P 500’s 0.14% loss on the day. At the same time, the Dow lost 0.45%, and the tech-heavy Nasdaq lost 0.02%.

– Zacks

Heading into today, shares of the energy and utility holding company had gained 5.29% over the past month, outpacing the Utilities sector’s gain of 2.2% and the S&P 500’s loss of 0.13% in that time.

Investors will be hoping for strength from PPL as it approaches its next earnings release. In that report, analysts expect PPL to post earnings of $0.31 per share. This would mark a year-over-year decline of 47.46%.

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

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.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. PPL currently has a Zacks Rank of #3 (Hold).

Looking at its valuation, PPL is holding a Forward P/E ratio of 19.81. For comparison, its industry has an average Forward P/E of 18.32, which means PPL is trading at a premium to the group.

The Utility – Electric Power industry is part of the Utilities sector. This group has a Zacks Industry Rank of 166, putting it in the bottom 35% 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 PPL in the coming trading sessions, be sure to utilize Zacks.com.

Zacks’ Top Picks to Cash in on Artificial Intelligence

In 2021, this world-changing technology is projected to generate $327.5 billion in revenue. Now Shark Tank star and billionaire investor Mark Cuban says AI will create “the world’s first trillionaires.” Zacks’ urgent special report reveals 3 AI picks investors need to know about today.

See 3 Artificial Intelligence Stocks With Extreme Upside Potential>>

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

Canadian Natural Resources (CNQ) closed at $47.06 in the latest trading session, marking a -0.49% move from the prior day. This change lagged the S&P 500’s daily loss of 0.14%. Elsewhere, the Dow lost 0.45%, while the tech-heavy Nasdaq lost 0.02%.

– Zacks

Coming into today, shares of the oil and natural gas company had gained 13.62% in the past month. In that same time, the Oils-Energy sector gained 4.11%, while the S&P 500 lost 0.13%.

Wall Street will be looking for positivity from Canadian Natural Resources as it approaches its next earnings report date. This is expected to be March 3, 2022. In that report, analysts expect Canadian Natural Resources to post earnings of $1.46 per share. This would mark year-over-year growth of 1116.67%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6.71 billion, up 74.3% from the year-ago period.

It is also important to note the recent changes to analyst estimates for Canadian Natural Resources. 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.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 7.15% lower. Canadian Natural Resources is holding a Zacks Rank of #3 (Hold) right now.

Looking at its valuation, Canadian Natural Resources is holding a Forward P/E ratio of 9.41. This represents a premium compared to its industry’s average Forward P/E of 5.63.

The Oil and Gas – Exploration and Production – Canadian industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 180, putting 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.

Zacks’ Top Picks to Cash in on Artificial Intelligence

In 2021, this world-changing technology is projected to generate $327.5 billion in revenue. Now Shark Tank star and billionaire investor Mark Cuban says AI will create “the world’s first trillionaires.” Zacks’ urgent special report reveals 3 AI picks investors need to know about today.

See 3 Artificial Intelligence Stocks With Extreme Upside Potential>>

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

Enphase Energy (ENPH) closed at $147.13 in the latest trading session, marking a +1.38% move from the prior day. The stock outpaced the S&P 500’s daily loss of 0.14%. Elsewhere, the Dow lost 0.45%, while the tech-heavy Nasdaq lost 0.02%.

– Zacks

Coming into today, shares of the solar technology company had lost 32.5% in the past month. In that same time, the Oils-Energy sector gained 4.11%, while the S&P 500 lost 0.13%.

Wall Street will be looking for positivity from Enphase Energy as it approaches its next earnings report date. In that report, analysts expect Enphase Energy to post earnings of $0.58 per share. This would mark year-over-year growth of 13.73%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $403.06 million, up 52.19% from the year-ago period.

It is also important to note the recent changes to analyst estimates for Enphase Energy. 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.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.4% higher. Enphase Energy is holding a Zacks Rank of #3 (Hold) right now.

Looking at its valuation, Enphase Energy is holding a Forward P/E ratio of 46.73. This represents a premium compared to its industry’s average Forward P/E of 38.3.

The Solar industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 107, 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.

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

Zacks’ Top Picks to Cash in on Artificial Intelligence

In 2021, this world-changing technology is projected to generate $327.5 billion in revenue. Now Shark Tank star and billionaire investor Mark Cuban says AI will create “the world’s first trillionaires.” Zacks’ urgent special report reveals 3 AI picks investors need to know about today.

See 3 Artificial Intelligence Stocks With Extreme Upside Potential>>

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