3 Big Data Stocks Wall Street Predicts Will Rally By 40% or More

With big data and data analytics tools becoming ever more crucial to critical business decisions, the big data industry is expected to grow significantly. Hence, we think big data stocks Splunk (SPLK), Elastic (ESTC), and Alteryx (AYX) could be solid additions to one’s watchlist. Wall Street analysts expect these stocks to rally more than 40% in price in the coming months. Read on.

Data is often referred to as the new oil. Previously, only companies with deep pockets could mine insights derived from data to make sound decisions. However, big data and various data analytics tools have now become much more widespread. Big data is a term that relates to the capture the vast volumes of data released from multiple sources within an organization.

The handling of such data is beyond the capacity of traditional data processing software, which is where data analytics comes into play. Using such insights can be beneficial for an organization that is seeking an edge over its competitors. Consistent innovations in artificial intelligence (AI) and machine learning (ML) are expected to help the big data industry flourish. According to a Fortune Business Insights report, the global big data analytics market is expected to grow at a 13.2% CAGR to $549.73 billion in 2028.

Given this backdrop, we think it could be wise to add big data stocks Splunk Inc. (SPLK), Elastic N.V. (ESTC), and Alteryx, Inc. (AYX) to one’s watchlist. Wall Street analysts expect these stocks to rise more than 40% in price in the near term.

Splunk Inc. (SPLK)

SPLK in San Francisco, Calif., provides software and cloud solutions that deliver and operationalize insights from the data generated by digital systems. The company offers Splunk Platform, a real-time data platform that consists of collection, streaming, indexing, search, reporting, analysis, machine learning, alerting, monitoring and data management solutions.

On November 17, 2021, SPLK announced its desire to achieve net-zero greenhouse gas emissions by 2050 and committed to fulfilling several short-term science-based targets by the end of fiscal 2023.

SPLK’s cloud ARR for the fiscal third quarter ended October 31, 2021, increased 75% year-over-year to $1.11 billion. The company’s total ARR came in at $2.83 billion, representing a 37% increase year-over-year. Its cloud revenue increased 68% year-over-year to $243 million.

Analysts expect SPLK’s EPS and revenue for fiscal 2023 to increase 30.7% and 18.1%, respectively, year-over-year to $1.40 and $3.01 billion. It has surpassed the Street’s EPS estimates in three of the trailing four quarters. Over the past year, the stock has declined 31.2% in price to close yesterday’s trading session at $116.96. However, Wall Street analysts expect the stock to hit $167.11 in the near term, indicating a potential 42.9% upside.

Click here to check out our Cloud Computing Industry Report

Elastic N.V. (ESTC)

ESTC is a search company that delivers technology that enables users to search through structured and unstructured data for various consumer and enterprise applications. The Mountain View, Calif.-based company offers Elastic Stack, a software product set that ingests and stores data from various sources and formats while searching, analyzing, and visualizing.

On December 7, 2021, ESTC announced its latest enhancements across its ElasticSearch platform and solutions. The upgrades include the availability of dozens of prebuilt Elastic Agent data integrations that enable visibility into complex and distributed cloud-native service, allowing users to solve their data challenges, improve operational efficiency, and provide a better customer experience.

For its fiscal second quarter, ended October 31, 2021, ESTC’s total revenue came in at $206 million, up 42% year-over-year. Its elastic cloud revenue increased 84% year-over-year to $69 million. Also, its deferred revenue increased 26% year-over-year to $390.30 million.

For its fiscal 2023, ESTC’s EPS is expected to increase 18.9% year-over-year to $0.43. Its revenue for its fiscal year 2022 is expected to grow 36.7% year-over-year to $831.76 million. It surpassed consensus EPS estimates in each of the trailing four quarters. The stock has declined 23.1% in price over the past month to close yesterday’s trading session at $119.57. However, Wall Street analysts expect the stock to hit $184.40 in the near term, indicating a potential 54.2% upside.

Alteryx, Inc. (AYX)

Irvine, Calif.-based AYX is a self-service data analytics software providing company. It offers a subscription-based platform that enables organizations to prepare, blend, and analyze data from many sources and ease data-driven decisions.

On October 22, 2021, AYX announced the acquisition of Lore IO, a no-code AI-enabled data modeling platform that deploys analytics that adapts easily within a changing business environment. This acquisition will likely help AYX expand its portfolio further.

AYX’s annual recurring revenue for its fiscal third quarter, ended September 30, 2021, increased 29% year-over-year to $579 million. At the end of September 30, 2021, its customers totaled 7,689, up 11% year-over-year. The company’s gross profit increased 7% year-over-year for the nine months ended September 30, 2021, to $323 million.

Analysts expect AYX’s EPS for its fiscal 2022 to increase 96.4% year-over-year to $0.01. Its revenue for the quarter ending March 31, 2022, is expected to increase 25.1% year-over-year to $132.73. It surpassed the Street’s EPS estimates in each of the trailing four quarters. Over the past year, the stock has declined 48.7% in price to close yesterday’s trading session at $62.44. However, Wall Street analysts expect the stock to hit $107.75 in the near term, indicating a potential 72.6% upside.

Click here to check out our Software Industry Report

SPLK shares were unchanged in premarket trading Tuesday. Year-to-date, SPLK has gained 1.07%, versus a 0.58% rise in the benchmark S&P 500 index during the same period.

About the Author: Dipanjan Banchur

Since he was in grade school, Dipanjan was interested in the stock market. This led to him obtaining a master’s degree in Finance and Accounting. Currently, as an investment analyst and financial journalist, Dipanjan has a strong interest in reading and analyzing emerging trends in financial markets.

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https://www.entrepreneur.com/article/411365

2 Satellite Stocks Wall Street Predicts Will Rally More Than 30%

The demand for satellite services is increasing. Technological advancement and the use of artificial intelligence are creating opportunities for the industry’s continued growth. Furthermore, the Biden administration has revealed its new space policy framework, which outlines investing in satellites as a part of its broader initiative to address climate issues. So, given the industry’s solid growth prospects, Wall Street analysts predict a 30%-plus upside in satellite stocks Viasat (VSAT), and Astra Space (ASTR). Read on.

The satellite services market is growing significantly due to increased demand for satellite imagery data across various industries, earth observation services, and satellite communication services for IoT and 5G mobile networks. In addition, government agencies are adopting navigation and satellite systems to enhance their daily communication. And technological advancements across industries, such as artificial intelligence and machine learning, are creating further opportunities for the industry’s growth.

The use of satellite data in the commercial sector is also increasing. The mobile satellite services market is expected to grow at a compound annual growth rate (CAGR) of 6.2% to $6194.96 million by 2026, while the global satellite communication market is expected to expand at a 9.8% CAGR from 2021 – 2028. In addition, the Biden administration has issued a new framework for space policy and is planning to invest in satellites that can observe Earth from space, emphasizing climate research from space.

So, given the industry’s growth prospects, Wall Street analysts expect satellite stocks, Viasat, Inc. (VSAT) and Astra Space, Inc. (ASTR) to rally more than 30% in price in the near term.

Viasat, Inc. (VSAT)

VSAT in Carlsbad, Calif., provides broadband and communications products and services worldwide. The company operates through three segments: Satellite Services; Commercial Networks, and Government Systems.

On December 20, VSAT announced two new contracts with the Navy Exchange Service Command (NEXCOM) to deliver triple-play services (Wi-Fi, voice, and TV) in Guam and managed Wi-Fi in Poland. Earlier this year, VSAT and NEXCOM’s Telecommunications Program Office announced a five-year contract extension, under which VSAT will provide network services at Navy facilities around the world. Its relationship with the U.S. Navy demonstrates the company’s dominant position in the industry.

Last month, VSAT announced that the mobility network in China, which uses VSAT’s innovative in-flight connectivity (IFC) equipment working over the Ka-band ChinaSat-16 satellite system, is now operational to meet the IFC needs of domestic and international airlines operating in the Chinese airspace. This project collaborates with China Satellite Communications, Co. Ltd. (China Satcom) and should benefit VSAT while contributing to its topline growth.

VSAT’s total revenue increased 26.5% year-over-year to $701.35 million in its fiscal second quarter, ended September 30, while its product revenues increased 20.6% from its year-ago value to $308.67 million. Its net income attributable to the company grew 67.7% from its year-ago value to $3.29 million. And the company’s EPS increased 33.3% year-over-year to $0.04.

The $2.82 billion consensus revenue estimate for the current year indicates a 24.8% improvement from the last year. And analysts expect the company’s EPS to be $0.31 in the current year, reflecting a 244.4% rise year-over-year. Also, its VSAT surpassed the Street’s EPS estimates in three of the trailing four quarters.

Over the past year, the stock has gained 41% in rice to close yesterday’s trading session at $46.04.

Wall Street’s $61.00 median price target indicates a 32.5% potential upside from its last closing price. The 12-month price targets range from a low of $51.00 to a high of $70.00.

Astra Space, Inc. (ASTR)

ASTR operates as a space launch company, providing satellite launch services. The company is headquartered in Alameda, Calif.

ASTR completed its first commercial orbital launch for the United States Space Force on November 19, conducted from Astra’s Kodiak Spaceport, located at the Pacific Spaceport Complex in Kodiak, Alaska. “Reaching orbit is a historic milestone for Astra,” said Chris Kemp, Founder, Chairman, and CEO of Astra. The company intends to scale up rocket production and launch cadence.

On December 6, ASTR announced its plans to deploy its first satellite in orbit for the National Aeronautics and Space Administration (NASA) in January 2022, from Cape Canaveral. The announcement marks a broad advancement in its global spaceport strategy and should strengthen the company’s position in the industry.

ASTR’s net cash provided by financing activities increased 2,137.5% year-over-year to $488.90 million for the nine months ended Sept. 30. Its cash and cash equivalents balance came in at $378.65 million, up 7,112.4% year-over-year.

Analysts expect ASTR’s revenues to increase 1,963.9% year-over-year to $42.93 million in the next year. The consensus EPS is expected to improve 26.4% year-over-year in the next year.

The stock has declined 33.2% in price over the past year to close its last trading session at $6.75.

Wall Street’s median price target of $11.00 indicates a 63% potential upside from its last closing price. The 12-month price targets range from a low of $9.00 to a high of $13.00.

VSAT shares were unchanged in premarket trading Tuesday. Year-to-date, VSAT has gained 3.37%, versus a 0.58% rise in the benchmark S&P 500 index during the same period.

About the Author: Subhasree Kar

Subhasree’s keen interest in financial instruments led her to pursue a career as an investment analyst. After earning a Master’s degree in Economics, she gained knowledge of equity research and portfolio management at Finlatics.

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2 Hydrogen Stocks Wall Street Is Bullish on for 2022

An increasing focus on clean energy to address climate change concerns, coupled with growing government regulations to control toxic emissions from fuels, is expected to propel the growth of the hydrogen industry. Therefore, Wall Street analysts expect hydrogen stocks Plug Power (PLUG) and Ballard Power Systems (BLDP) to generate significant returns in the coming months. So, read on to learn more.

Government initiatives to minimize carbon emissions are driving the increased use of hydrogen to generate electricity. Furthermore, increasing investments in research and development by leading companies to produce hydrogen from renewable and eco-friendly sources will likely fuel the growth of the global hydrogen-generating market, which is expected to reach $219.2 billion by 2030, registering a 5.4% CAGR

Even though hydrogen-fuel infrastructure is in its initial stage of development, the sector is expected to grow substantially over the long run, with governments moving to decarbonize fuel and promote clean energy usage. The United States is one of the world’s early adopters of sustainable energy solutions for industries.

Given this backdrop, we think it could be wise to add hydrogen stocks Plug Power Inc. (PLUG) and Ballard Power Systems Inc. (BLDP) to one’s watchlist now. Wall Street analysts expect these stocks to deliver significant upside in the near term.

Plug Power Inc. (PLUG)

Latham, N.Y.-based PLUG delivers comprehensive hydrogen fuel cell systems for the North American and European electric mobility and stationary power sectors. It focuses on proton exchange membrane (PEM) fuel cell and fuel processing technologies, fuel battery hybrid technologies, hydrogen and green hydrogen generation, storage, and dispensing infrastructure. In addition, it has a strategic partnership with Airbus SE to use green hydrogen to decarbonize air travel and airport operations.

Last month, Edison Motors, a renowned Korean electric vehicle manufacturer, announced a collaboration with PLUG to develop and commercialize a hydrogen fuel cell-powered electric city bus. The companies plan to create a fuel cell electric bus prototype by the second half of 2022 and deploy a mass-market platform by the first half of 2023.

For the third quarter, ended September 30, 2021, PLUG’s revenue increased 34.5% from the year-ago value to $143.92 million. Its cash and cash equivalents grew 156.9% for the nine months ended September 30, 2021, to $3.37 billion. And the company’s net cash from financing activities surged 506.9% to $3.58 billion over this period.

Analysts expect PLUG’s EPS to increase 64.7% in its fiscal 2021 and 56% in the following year. A $898.02 million consensus revenue estimate for fiscal 2022 represents a 79.9% increase year-over-year. The stock has gained 12.7% in price over the past three months.

Of 17 Wall Street analysts that have provided ratings for the stock, 13 rated it Buy, and four rated it a Hold. Closing yesterday’s trading session at $28.79, the $48.29 average analyst price target represents a potential 67.7% upside.

Ballard Power Systems Inc. (BLDP)

BLDP designs, develops, manufactures, and services proton exchange membrane fuel cell devices in Canada. The Burnaby, Canada-based company offers heavy-duty modules, maritime systems, fuel cell stacks, backup power systems, and material handling devices. In addition, the company has formed a strategic partnership with Linamar Corporation to co-develop and sell fuel cell powertrains and components for class 1 and 2 vehicles in North America and Europe.

Last year, BLDP launched a three-year project in collaboration with Caterpillar Inc. (CAT) and Microsoft Corp. (MSFT) to showcase a power system using large-format hydrogen fuel cells to create dependable and sustainable backup power for data centers. The project is supported and partially funded by the U.S. Department of Energy (DOE) through the H2@Scale initiative and is endorsed by the National Renewable Energy Lab (NREL).

For the third quarter, ended September 30, 2021, BLDP’s revenue came in at $25.2 million. Its gross margin amounted to $2.8 million over this period. The company’s cash reserves increased 238% year-over-year to $1.22 billion.

BLDP is expected to generate 25.3% revenue growth in 2022. And its EPS is estimated to increase 13.8% in the same period.

Of the six analysts that have provided ratings for the stock, two rated it Buy, and four rated it a Hold. The $19.76 consensus price target represents a 56.5% potential gain from its $12.63 last closing price.

PLUG shares rose $0.26 (+0.90%) in premarket trading Tuesday. Year-to-date, PLUG has gained 1.98%, versus a 0.58% rise in the benchmark S&P 500 index during the same period.

About the Author: Pragya Pandey

Pragya is an equity research analyst and financial journalist with a passion for investing. In college she majored in finance and is currently pursuing the CFA program and is a Level II candidate.

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Bet on These 5 ETF Areas for 2022

This story originally appeared on Zacks

The year 2021 has remained kind to investors so far as the major market indices are ending their run in green zone. The S&P 500 and Dow Jones Industrial Averages have climbed about 27% and 10%, respectively, year to date. The Nasdaq Composite has risen 22%, while the Russell 2000 has increased nearly 14% in the year so far.

Markets remained volatile in 2021 due to the rising inflation levels, deadly variants sparking new waves of the COVID-19 outbreak and supply-chain bottlenecks stemming from the pandemic-led restrictions. However, the Federal Reserve’s continuous support helped the economy recover from the pandemic-led slowdown. Meanwhile, the Fed has started the tapering process and is expected to raise the interest rates as early as 2022. Also, concerns over the omicron variant still prevail and might affect the first few months of 2022.

However, here we highlighted a few ETF areas for investors on a hunt for parking their money in 2022 and raking in some good returns.

Retail ETFs

Consumers have been battling the rising inflation levels and COVID-19 variant concerns for a while. They seem upbeat about the accelerated coronavirus vaccine rollout and a recovering U.S. economy from the pandemic-led slumps. High levels of consumer spending and improving employment conditions kept the retail sector buzzing with opportunities. The U.S. holiday season sales figures are impressive and strong. Going by a Mastercard SpendingPulse report, holiday retail sale s in the United States after excluding automotive from Nov 1 through Dec 24 climbed 8.5% year over year.

Considering the solid trends, investors may park their money in the following retail ETFs to tap the sales boom. These are SPDR S&P Retail ETF XRT, Amplify Online Retail ETF IBUY, VanEck Retail ETF (RTH) and ProShares Online Retail ETF (ONLN) (read: ETFs to Win & Lose as Delta Variant Cases Surge).

Energy ETFs

Investors are closely tracking the energy sector,which is showing strength as global demand and economic growth levels are on the path of recovery from the pandemic lows. The coronavirus vaccine rollout is gradually controlling the outbreak’s spread across the globe. The optimism surrounding the reopening of global economies and increasing demand are painting a rosy picture for the cyclical sectors.

According to a CNBC article, energy stocks are witnessing the best year in more than three decades. The sector has gained more than 47% for the year. Crude prices also increased nearly 60% this year as the demand outlook improves with the economic reopening.

Here are some options for investors to consider, which are Invesco Dynamic Energy Exploration & Production ETF PXE, Vanguard Energy ETF VDE, Fidelity MSCI Energy Index ETF (FENY), The Energy Select Sector SPDR Fund (XLE) and iShares U.S. Energy ETF (IYE) (read: Energy Emerges the Best Sector of 2021: 5 ETFs Up At Least 70%).

Semiconductor ETFs

The semiconductor industry has been increasingly gaining investors’ attention for a while, backed by bright prospects. The coronavirus-induced work-from-home and web-based learning trends spurred demand for chips from the PC manufacturers and data-center operators. The increasing importance of Hybrid cloud among enterprises is attracting investments from large public cloud providers, including Amazon Web Services, Microsoft Azure, Google Cloud, International Business Machines and Oracle. The data-center chip providers will likely gain from this trend.

Considering the current market prospects, investors can consider iShares Semiconductor ETF SOXX, VanEck Semiconductor ETF SMH, First Trust Nasdaq Semiconductor ETF (FTXL), Invesco Dynamic Semiconductors ETF (PSI) and SPDR S&P Semiconductor ETF (XSD) (read: 5 Top-Ranked ETFs That Outperformed Wall Street in 2021).

Bank ETFs

Several factors can be working in favor of the space. The Federal Reserve tapering its monthly bond purchases can boost the space. The shift toward a tighter monetary policy will push yields higher, thereby helping the financial sector. This is because the rising rates will help drive profits for banks, insurance companies, discount brokerage firms and asset managers. Steepening of the yield curve (the difference between short and long-term interest rates) is likely to support banks’ net interest margins. As a result, net interest income, which constitutes a chunk of banks’ revenues, is likely to get an impetus from the steepening of the yield curve and a modest rise in loan demand.

Here we highlight some ETFs that can gain from the bright prospects of the financial sector: Invesco KBW Bank ETF KBWB, SPDR S&P Regional Banking ETF KRE, iShares U.S. Regional Banks ETF (IAT) and SPDR S&P Bank ETF (KBE) (read: Inflation to Stay Hot in Early 2022: ETF Strategies to Win).

Clean Energy ETFs

The renewable energy sector is expected to remain strong in 2022. According to the International Renewable Energy Agency report, the outlook till 2022 projects global renewable power expenses to decline more, with onshore wind becoming 20-27% lower than the cheapest new coal-fired generation option. Furthermore, factors like favorable government policies, impressive renewable investments, falling overall cost of generating renewable electricity and growing adoption of electric vehicles (EV) might keep on supporting the momentum in the space in 2022.

Against this backdrop, investors can consider the following ETFs, such as iShares Global Clean Energy ETF ICLN, Invesco Solar ETF TAN, First Trust NASDAQ Clean Edge Green Energy ETF QCLN, ALPS Clean Energy ETF (ACES) and Invesco Global Clean Energy ETF (PBD) (read: Millennials to Inherit as Much as $68TN? ETFs to Gain).

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https://www.entrepreneur.com/article/411088

Online Sales Stay Strong in US Holiday Season: 4 ETF Picks

This story originally appeared on Zacks

The coronavirus pandemic continues to provide a push to the e-commerce industry as shoppers are still preferring the online shopping mode. This holiday season was no different when Americans filled in their shopping carts with a click from the comforts of their homes.

Going by a Mastercard SpendingPulse report, holiday retail sale s in the United States after excluding automotive from Nov 1 through Dec 24 climbed 8.5% year over year. Online sales rose 11% and contributed to 20.9% of overall retail sales, up from 20.6% in 2020 and 14.6% in 2019, on par with the digitization trend.

The pandemic has remained a blessing in disguise for the e-commerce industry to date as people continue to practice social distancing and shop online for all essentials, especially food items.

Considering high demand for online shopping, retailers are moving toward a hybrid/omnichannel model so that customers can enjoy quick delivery or collect items ordered online (BOPIS, curbside pickup) at their convenience and through apps that arrange personal shoppers.

In this regard, Oliver Chen, a retail analyst for Cowen commented that several retailers, including Walmart, Costco and Target, are well-positioned because they cut across merchandise categories along with online business options, like curbside pickup and home delivery, per a CNBC article.

According to Mastercard SpendingPulse, U.S. retail sales — excluding automotive — for the 75 days that run from Oct 11 to Dec 24 were up 8.6% from a year-earlier level. The report also demonstrated a year-over-year increase in sales for several categories featuring 47.3% for apparel, 32% for jewelry and 16.2% for electronics. Department stores witnessed sales growth of 21.2%, per Mastercard SpendingPulse report.

Commenting on the data, Steve Sadove, senior advisor for Mastercard and former CEO and Chairman of Saks Incorporated, reportedly said that “Shoppers were eager to secure their gifts ahead of the retail rush, with conversations surrounding supply chain and labor supply issues sending consumers online and to stores in droves. Consumers splurged throughout the season, with apparel and department stores experiencing strong growth as shoppers sought to put their best dressed foot forward.”

Furthermore, U.S. consumer confidence strengthened in December. The Conference Board’s measure of consumer confidence index stands at 115.8 in December, comparing favorably with an upwardly revised reading of 111.9 in November. December’s reading surpassed the consensus estimate for the metric, coming in at 111, per a Bloomberg poll. The latest consumer sentiment readings for December also look encouraging as the metric rose despite the rising Omicron-variant cases. The University of Michigan’s final consumer sentiment rose to 70.6 during December, up from the preliminary estimate of 70.4 and 67.4 in November.

Online Retail ETFs in Focus

Against this backdrop, let’s look at some ETFs that are well-poised to benefit from the new shopping trend:

Amplify Online Retail ETF IBUY

Amplify Online Retail ETF provides a cost-efficient way for investors to own a basket of companies with significant revenues from online or virtual retail sales. With AUM of $628.1 million, IBUY has an expense ratio of 65 basis points (bps) (read: What’s Making Retail ETFs Great Bets Now? Let’s Explore).

ProShares Long Online/Short Stores ETF CLIX

ProShares Long Online/Short Stores ETF seeks investment results, before fees and expenses, that correspond to the performance of the ProShares Long Online/Short Stores Index. With AUM of $45.9 million, CLIX has an expense ratio of 65 bps (read: Online Retail ETFs to Gain From Holiday Shopping Craze).

ProShares Online Retail ETF ONLN

ProShares Online Retail ETF seeks investment results, before fees and expenses, that track the performance of the ProShares Online Retail Index. With AUM of $628.8 million, ONLN has an expense ratio of 58 bps (read: Play 5 High-Beta ETF Areas for January & Be a Bottom Fisher).

Global X E-commerce ETF EBIZ

Global X E-commerce ETF seeks investment in companies positioned to benefit from the increased adoption of e-commerce as a distribution model, including those with principal business operating e-commerce platforms, providing e-commerce software and services, and/or selling goods and services online. With AUM of $170.8 million, EBIZ has an expense ratio of 50 bps (read: Online/e-Commerce Inflation at Record High: ETFs to Win).

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Amplify Online Retail ETF (IBUY): ETF Research Reports

ProShares Long OnlineShort Stores ETF (CLIX): ETF Research Reports

ProShares Online Retail ETF (ONLN): ETF Research Reports

Global X Ecommerce ETF (EBIZ): ETF Research Reports

To read this article on Zacks.com click here.

Zacks Investment Research

https://www.entrepreneur.com/article/411072

Buy Ferrari Stock After Scuderia-Velas NFT deal?

This story originally appeared on Zacks

[embedded content]

Hey everybody, Dave Bartosiak with Trending Stocks at Zacks.com. Most of you out there think you know what a Ferrari RACE is, but only a few of you actually know what a Ferrari is like. Growing up in Chicago, I think I saw a 360 Spider once downtown and thought I had won the lottery. Nowadays, even entry-level Ferraris like the Roma are going to set you back $300k with a decent spec. I know Ferrari Financial works wonders but most of us are not going to stroke a $4,000 check every month for the privilege of putting 150 miles a month on one. Go a little further up the food chain, and you’re talking three-quarters of a million for something like the SF90.

Who needs a real world Ferrari anyway when you can get the NFT? Non-fungible tokens were all the rage a few months ago. Ferrari, which loves to license its brand to ramp up profits, has partnered up with Swiss blockchain startup Velas Network to bring the next generation of Ferraris to life.

Velas is an open-source blockchain network with its own native token, Velas. Ferrari announced the deal Monday. It is a multi-year agreement with Velas to jointly issue exclusive digital content for Scuderia Ferrari, the racing arm of Ferrari.

This is exciting stuff for Ferrari as the Scuderia looks to be competitive in 2022. As long as the FIA doesn’t decide to change the rules mid-race next year again to hand Max the title, Ferrari should be in the hunt. They could be a big story in the metaverse and allow investors yet another opportunity to profit.

Let’s take a quick look at Zacks.com to see how Ferrari’s numbers have been stacking up.

Every time you share this video, somebody well deserving gets an allocation on a digital version of a Ferrari they’ve always wanted. Subscribe to the YouTube channel, Twitter @bartosiastics, and check out www.zacks.com/promo for this week’s deal on Finding #1 Stocks for free. With Trending Stocks, I’m Dave Bartosiak.

Zacks Top 10 Stocks for 2022

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Ferrari N.V. (RACE): Free Stock Analysis Report

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https://www.entrepreneur.com/article/411065

Dell Technologies (DELL) Dips More Than Broader Markets: What You Should Know

This story originally appeared on Zacks

In the latest trading session, Dell Technologies (DELL) closed at $56.17, marking a -0.6% move from the previous day. This move lagged the S&P 500’s daily loss of 0.26%. At the same time, the Dow lost 0.16%, and the tech-heavy Nasdaq lost 0.04%.

Heading into today, shares of the computer and technology services provider had lost 1.12% over the past month, lagging the Computer and Technology sector’s gain of 2.19% and the S&P 500’s gain of 4.82% in that time.

Dell Technologies will be looking to display strength as it nears its next earnings release, which is expected to be February 24, 2022. On that day, Dell Technologies is projected to report earnings of $1.94 per share, which would represent a year-over-year decline of 28.15%. Meanwhile, our latest consensus estimate is calling for revenue of $27.47 billion, up 5.06% from the prior-year quarter.

For the full year, our Zacks Consensus Estimates are projecting earnings of $8.66 per share and revenue of $106.49 billion, which would represent changes of +8.25% and +12.92%, respectively, from the prior year.

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

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

The Zacks Rank system, 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. Dell Technologies currently has a Zacks Rank of #5 (Strong Sell).

Valuation is also important, so investors should note that Dell Technologies has a Forward P/E ratio of 6.52 right now. For comparison, its industry has an average Forward P/E of 33.78, which means Dell Technologies is trading at a discount to the group.

We can also see that DELL currently has a PEG ratio of 0.54. 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. DELL’s industry had an average PEG ratio of 1.44 as of yesterday’s close.

The Computers – IT Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 110, which puts it in the top 44% of all 250+ industries.

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

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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https://www.entrepreneur.com/article/411054

Cummins (CMI) Gains As Market Dips: What You Should Know

This story originally appeared on Zacks

In the latest trading session, Cummins (CMI) closed at $218.14, marking a +0.14% move from the previous day. This move outpaced the S&P 500’s daily loss of 0.26%. At the same time, the Dow lost 0.16%, and the tech-heavy Nasdaq lost 0.04%.

Heading into today, shares of the engine maker had gained 0.9% over the past month, outpacing the Auto-Tires-Trucks sector’s loss of 4.25% and lagging the S&P 500’s gain of 4.82% in that time.

Cummins will be looking to display strength as it nears its next earnings release. On that day, Cummins is projected to report earnings of $3.14 per share, which would represent a year-over-year decline of 6.55%. Meanwhile, our latest consensus estimate is calling for revenue of $5.8 billion, down 0.47% from the prior-year quarter.

For the full year, our Zacks Consensus Estimates are projecting earnings of $15.20 per share and revenue of $23.98 billion, which would represent changes of +26.56% and +21.06%, respectively, from the prior year.

Investors should also note any recent changes to analyst estimates for Cummins. 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.

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 0.02% lower. Cummins currently has a Zacks Rank of #3 (Hold).

Valuation is also important, so investors should note that Cummins has a Forward P/E ratio of 14.33 right now. For comparison, its industry has an average Forward P/E of 12.89, which means Cummins is trading at a premium to the group.

We can also see that CMI currently has a PEG ratio of 1.28. 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. CMI’s industry had an average PEG ratio of 1.28 as of yesterday’s close.

The Automotive – Internal Combustion Engines industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 247, which puts it in the bottom 3% of all 250+ industries.

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

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?”

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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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To read this article on Zacks.com click here.

https://www.entrepreneur.com/article/411056

Is Chemours (CC) Stock Undervalued Right Now?

This story originally appeared on Zacks

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.

In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system’s “Value” category. Stocks with “A” grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.

One company value investors might notice is Chemours (CC). CC is currently sporting a Zacks Rank of #1 (Strong Buy), as well as an A grade for Value. The stock has a Forward P/E ratio of 7.62. This compares to its industry’s average Forward P/E of 12.68. Over the past year, CC’s Forward P/E has been as high as 12.18 and as low as 6.71, with a median of 9.36.

Investors should also note that CC holds a PEG ratio of 0.22. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company’s expected EPS growth rate. CC’s PEG compares to its industry’s average PEG of 0.60. Within the past year, CC’s PEG has been as high as 0.45 and as low as 0.19, with a median of 0.27.

Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. This is a prefered metric because revenue can’t really be manipulated, so sales are often a truer performance indicator. CC has a P/S ratio of 0.89. This compares to its industry’s average P/S of 0.92.

Finally, investors should note that CC has a P/CF ratio of 7.74. This data point considers a firm’s operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. CC’s current P/CF looks attractive when compared to its industry’s average P/CF of 11.46. Over the past year, CC’s P/CF has been as high as 20.49 and as low as 6.51, with a median of 8.55.

These are only a few of the key metrics included in Chemours’s strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, CC looks like an impressive value stock at the moment.

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Zacks Investment Research

https://www.entrepreneur.com/article/410976

Is Morgan Stanley (MS) Stock Undervalued Right Now?

This story originally appeared on Zacks

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.

Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.

Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the “Value” category. When paired with a high Zacks Rank, “A” grades in the Value category are among the strongest value stocks on the market today.

One company to watch right now is Morgan Stanley (MS). MS is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock is trading with P/E ratio of 13.35 right now. For comparison, its industry sports an average P/E of 14.32. Over the past 52 weeks, MS’s Forward P/E has been as high as 14.58 and as low as 11.69, with a median of 13.38.

Investors should also recognize that MS has a P/B ratio of 1.78. The P/B ratio pits a stock’s market value against its book value, which is defined as total assets minus total liabilities. This company’s current P/B looks solid when compared to its industry’s average P/B of 2.73. MS’s P/B has been as high as 1.92 and as low as 1.30, with a median of 1.69, over the past year.

Finally, investors will want to recognize that MS has a P/CF ratio of 9.36. This metric focuses on a firm’s operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. This company’s current P/CF looks solid when compared to its industry’s average P/CF of 18.14. MS’s P/CF has been as high as 10.82 and as low as 8.15, with a median of 9.45, all within the past year.

These are only a few of the key metrics included in Morgan Stanley’s strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, MS looks like an impressive value stock at the moment.

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Morgan Stanley (MS): Free Stock Analysis Report

To read this article on Zacks.com click here.

https://www.entrepreneur.com/article/410977