In the latest trading session, Dave & Buster’s (PLAY) closed at $37.13, marking a -0.21% move from the previous day. This change lagged the S&P 500’s 0.2% gain on the day.

– Zacks

Heading into today, shares of the owner of Dave & Buster’s, a chain of restaurants and arcades had lost 2.92% over the past month, lagging the Retail-Wholesale sector’s gain of 3.15% and the S&P 500’s gain of 5.66% in that time.

PLAY will be looking to display strength as it nears its next earnings release. In that report, analysts expect PLAY to post earnings of $0.10 per share. This would mark year-over-year growth of 109.9%. Meanwhile, our latest consensus estimate is calling for revenue of $316.87 million, up 190.57% from the prior-year quarter.

For the full year, our Zacks Consensus Estimates are projecting earnings of $2.23 per share and revenue of $1.33 billion, which would represent changes of +147.45% and +204.07%, respectively, from the prior year.

Investors should also note any recent changes to analyst estimates for PLAY. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.

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

The Zacks Rank system, 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. PLAY is currently sporting a Zacks Rank of #2 (Buy).

In terms of valuation, PLAY is currently trading at a Forward P/E ratio of 16.67. For comparison, its industry has an average Forward P/E of 20.5, which means PLAY is trading at a discount to the group.

The Retail – Restaurants industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 205, which puts it in the bottom 20% 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.

Tech IPOs With Massive Profit Potential: Last years top IPOs surged as much as 299% within the first two months. With record amounts of cash flooding into IPOs and a record-setting stock market, this year could be even more lucrative. 

See Zacks’ Hottest Tech IPOs Now >>

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

https://www.entrepreneur.com/article/394430

In its quarterly call with investors today, Apple revealed that its revenue grew in all of its businesses and product categories, but the numbers weren’t enough to impress investors, who were expecting even bigger gains.

The company’s overall revenue grew by 29 percent to $83.36 billion, with iPhone revenue seeing the biggest growth at 47 percent year over year at $38.87 billion.

Services revenue came in at $18.28 billion, for 24.6 percent growth. The Mac managed $9.18 billion for 1.6 percent, and the iPad $8.25 billion for 21.4 percent. “Other products,” which includes the Watch and AirPods, grew 11.5 percent to $8.79 billion.

Analysts had predicted slightly greater growth across the board. CEO Tim Cook claimed that global supply shortages in silicon to the tune of $6 billion, as well as COVID-19-related manufacturing problems in Asia, led the company to slightly miss the desired mark.

Apple has not provided explicit guidance on its upcoming quarters since the pandemic began, so we do not have Apple’s own predictions to compare the results against.

It’s important to note that this quarter only included a few days after the iPhone 13 launch. Much of the iPhone 13-related revenue will come next quarter.

In fact, Cook signaled to investors that he expects the next quarter to be a big one. He said he expects “solid” growth in year-over-year revenue, and Apple believes the upcoming quarter will be its biggest yet.

This is in spite of the fact that the supply problems are expected to get worse, not better. Analysts agree that Apple will almost certainly not be able to produce enough iPhones to meet demand during the quarter.

Apple has seen massive sales and revenue growth for all of its product categories during the pandemic as consumers have spent less on travel or going out and more on personal technology for home, work, school, or fitness. But this is the first time the company has missed estimates in more than five years.

https://arstechnica.com/?p=1808698

The market expects Alpha and Omega Semiconductor (AOSL) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2021. This widely-known consensus outlook is important in assessing the company’s earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.

– Zacks

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on November 4. On the other hand, if they miss, the stock may move lower.

While management’s discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it’s worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus Estimate

This chipmaker is expected to post quarterly earnings of $0.95 per share in its upcoming report, which represents a year-over-year change of +72.7%.

Revenues are expected to be $180 million, up 18.8% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings Whisper

Estimate revisions ahead of a company’s earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model — the Zacks Earnings ESP (Expected Surprise Prediction) — has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model’s predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Alpha and Omega?

For Alpha and Omega, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination makes it difficult to conclusively predict that Alpha and Omega will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?

While calculating estimates for a company’s future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it’s worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Alpha and Omega would post earnings of $0.75 per share when it actually produced earnings of $0.95, delivering a surprise of +26.67%.

Over the last four quarters, the company has beaten consensus EPS estimates four times.

Bottom Line

An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it’s worth checking a company’s Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they’ve reported.

Alpha and Omega doesn’t appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

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 >>

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
 
Alpha and Omega Semiconductor Limited (AOSL): Free Stock Analysis Report
 
To read this article on Zacks.com click here.

https://www.entrepreneur.com/article/394119

Wall Street expects a year-over-year decline in earnings on higher revenues when Angi (ANGI) reports results for the quarter ended September 2021. While this widely-known consensus outlook is important in gauging the company’s earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

– Zacks

The earnings report, which is expected to be released on November 4, 2021, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management’s discussion of business conditions on the earnings call, it’s worth handicapping the probability of a positive EPS surprise.

Zacks Consensus Estimate

This provider of a digital marketplace for home services is expected to post quarterly loss of $0.07 per share in its upcoming report, which represents a year-over-year change of -800%.

Revenues are expected to be $449.94 million, up 15.4% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has been revised 8.11% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Price, Consensus and EPS Surprise

Earnings Whisper

Estimate revisions ahead of a company’s earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model — the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model’s predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Angi?

For Angi, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company’s earnings prospects. This has resulted in an Earnings ESP of +10%.

On the other hand, the stock currently carries a Zacks Rank of #5.

So, this combination makes it difficult to conclusively predict that Angi will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?

While calculating estimates for a company’s future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it’s worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Angi would post a loss of $0.03 per share when it actually produced a loss of $0.06, delivering a surprise of -100%.

Over the last four quarters, the company has beaten consensus EPS estimates just once.

Bottom Line

An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it’s worth checking a company’s Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they’ve reported.

Angi doesn’t appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

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 >>

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
 
Angi Inc. (ANGI): Free Stock Analysis Report
 
To read this article on Zacks.com click here.

https://www.entrepreneur.com/article/394120

The energy sector has attracted much investor attention so far this year on rallying oil and natural gas prices amid rebounding demand. The industry tailwinds have favored Kinder Morgan’s (KMI) financial performance in the latest quarter. However, we think KMI’s near-term prospects look uncertain given the continued spread of the COVID-19 Delta variant, which could hinder future energy demand. Let’s discuss.

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Operating as one of the largest energy infrastructure companies in North America, Kinder Morgan (KMI), in Houston, Tex., transports natural gas, gasoline, crude oil, carbon dioxide (CO2), and more through its pipelines. The company’s terminals store and handle petroleum products, chemicals, and other products. KMI holds interest in or operates approximately 83,000 miles of pipelines and 144 terminals.

The stock has gained 46.4% in price over the past year and 35.7% year-to-date to close its last trading session at $17.85. Furthermore, KMI is trading above its 50-day and 200-day moving averages. This can be attributed to optimism surrounding the oil and gas industry as the energy prices reach record highs amid rebounding fuel demand.

Rebounding fuel demand has boosted the pipeline operator’s volumes significantly. KMI’s gasoline volumes jumped 9%, while its jet fuel volumes surged 56% for the third quarter. In addition, increasing liquefied natural gas exports mainly to Europe and Asia with the nearing winter heating season has increased its gas pipeline volumes. “We continue to benefit from growing global natural gas demand. Our assets are well-positioned to serve growing domestic markets and export locations for LNG and Mexico,” said Chief Executive Officer Steve Kean. KMI also reported better-than-expected revenue growth for the quarter.

However, OPEC has cut its global oil demand growth forecast for this year. The organization anticipates that the continued spread of COVID-19 will cloud oil demand prospects. Also, the International Energy Agency (IEA) recently warned of an increase in volatility in the energy market. Fatih Birol, head of the IEA, said there is a “looming risk of more turbulence for global energy markets.” Although KMI performed well during the third quarter of the year, its near-term prospects could be hindered by concerns related to the spread of the virus and the possibility of reduced energy demand.

Here’s what could shape KMI’s performance in the near term:

Mixed Analysts Estimates

Analysts expect KMI’s revenues to increase 10.1% in the current quarter and 29.1% in the current year. However, its revenue is expected to decline 12.8% year-over-year to $13.17 billion in the following year. The company’s EPS is expected to decline 7.4% in the current quarter and 48.3% in the next quarter. But the Street expects KMI’s EPS to rise 44.3% year-over-year to $1.27 in the current year. The company’s EPS is expected to grow 7.1% per annum over the next five years.

Also, of the five Wall Street analysts that rated the stock, two rated it Buy, two rated it Hold, while one rated it Sell.

Solid Third-Quarter Earnings Report

KMI’s revenues increased 31% year-over-year to $3.82 billion in its fiscal third quarter, ended September 30. Its operating income stood at $844 million, up 3.1% from the same period last year. Its net income attributable to the company grew 8.8% from its year-ago value to $495 million. And the company’s EPS increased 10% year-over-year to $0.22. In addition, its adjusted earnings and adjusted EPS increased 4% and 5%, respectively, year-over-year.

Mixed Valuation

In terms of forward P/E, KMI is currently trading at 23.05x, which is 79.9% higher than the 12.81x industry average. Also, its 4.74 forward EV/Sales ratio is 75.8% higher than the 2.69 industry average.

However, KMI’s trailing-12-month PEG is 80.6% lower than the 0.08 industry average, and its forward Price/Book is 27.5% lower than the 1.81 industry average.

POWR Ratings Reflect Uncertain Prospects

KMI has an overall C rating, which translates to Neutral in our proprietary POWR Ratings system. The POWR Ratings are calculated considering 118 distinct factors, with each factor weighted to an optimal degree.

The stock has a C grade for Value, which is consistent with its mixed valuation.

KMI also has a C grade for Sentiment. Mixed analyst sentiment about the stock justifies this grade.

Of the 89 stocks in the Energy – Oil & Gas industry, KMI is ranked #57.

Beyond what I have stated above, one can also view KMI’s grades for Quality, Growth, Momentum, and Stability here.

View the top-rated stocks in the Energy – Oil & Gas industry here.

Bottom-Line

KMI delivered a solid third-quarter financial report, triggering investors’ optimism. With rising oil and gas prices and the rebounding fuel demand, the bullish industry trends have favored the company’s performance so far. However, increasing cases of COVID-19 could potentially become a significant headwind for the company’s growth. Analysts expect turbulence in the energy sector soon. Considering mixed analyst sentiment about the stock and its mixed valuation, we think KMI looks less attractive than its peers. So, it would be wise to wait for a better entry point in the stock.

How Does Kinder Morgan (KMI) Stack Up Against its Peers?

While KMI has an overall POWR Rating of C, one  might want to consider taking a look at its industry peers, SilverBow Resources, Inc. (SBOW) and Baytex Energy Corp. (BTEGF), which have an A (Strong Buy) rating.

Note that SBOW is one of the few stocks handpicked by our Chief Value Strategist, David Cohne, currently in the POWR Value portfolio. Learn more here.

KMI shares were trading at $17.84 per share on Tuesday morning, down $0.01 (-0.06%). Year-to-date, KMI has gained 37.03%, versus a 23.78% 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.

More…

The post Is Kinder Morgan a Winner in the Oil and Gas Industry? appeared first on StockNews.com

https://www.entrepreneur.com/article/393456

The benchmark indices have delivered solid performances this month on the back of strong corporate earnings. Alas, however, the upbeat earnings season is not expected to continue. So, for investors seeking to bet on Dow Jones stocks to secure a steady income stream, we think International Business Machines (IBM) and Dow (DOW) could be ideal bets. The dividends paid by these stocks yield more than 4%. Read on.

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Following a winning week, the Dow Jones Industrial Average (DJIA) rose 64.13 points to 35,741.15 for a record close yesterday. Solid third-quarter corporate earnings so far have driven the market to a positive start this week. The major benchmark indices have registered impressive gains this month, with DJIA advancing more than 5% month-to-date.

However, National Securities’ chief market strategist Art Hogan has warned investors of disappointing earnings and missed revenue targets ahead. He cited the headwinds tied to supply chain backlogs, inflation, and worker shortages. “Buckle your seatbelts,” Hogan said.

Given the expected market volatility in the near term, shares of International Business Machines Corporation (IBM) and Dow Inc. (DOW), which offer more than 4% dividend yield, could be ideal additions to one’s portfolio now. These stocks have impressive payout histories and are Buy-rated in our proprietary rating system.

International Business Machines Corporation (IBM)

Armonk, N.Y.-based IBM provides integrated solutions and services worldwide. The company operates through five segments: Cloud & Cognitive Software; Global Business Services; Global Technology Services; Systems; and Global Financing.

On October 22, IBM and Acclivis Technologies and Solutions, a wholly-owned subsidiary of CITIC Telecom International Holdings, announced a collaboration to deploy IBM Cloud Satellite across Asia by leveraging Acclivis’ regional data center footprint and cloud expertise. The companies plan to help accelerate digital innovation and deliver security-rich and open cloud services to the region. This should strengthen IBM’s presence considerably on the continent.

Also in October, IBM and Crédit Mutuel announced their latest step in their long-standing partnership with the signing of the AmbitionS contract between Euro-Information, the technological subsidiary of Crédit Mutuel, and IBM. The companies also developed a technology and skills center in Strasbourg. IBM expects this co-creation to strengthen the IBM teams in Strasbourg and access to IBM Research, consulting, support, and technology centers worldwide.

IBM’s $6.56 annual dividend yields 5.14% at the stock’s current price. IBM’s dividend payouts have increased at a 2.1% CAGR over the past three years. The company has a record of 22 consecutive years of dividend growth.

IBM’s total revenues increased marginally year-over-year to $17.62 billion in its fiscal third quarter, ended September 30. In addition, its revenue from the cloud & cognitive software segment rose 2.5% from the same period last year to $5.69 billion, while revenue from its global business services segment grew 11.7% year-over-year to $4.43 billion. Its adjusted free cash flow came in at $1.17 billion, reflecting a 6% increase year-over-year.

A $20.52 billion consensus revenue estimate for the current quarter indicates a 0.8% increase year-over-year. The Street expects the company’s EPS to rise 78.7% from the prior-year quarter to $3.70 in the current quarter. Furthermore, the company surpassed the Street’s EPS estimates in each of the trailing four quarters.

Over the past year, the stock has gained 10% in price to close yesterday’s trading session at $127.64.

IBM has an overall B rating, which equates to Buy in our proprietary POWR Ratings system. The POWR Ratings are calculated considering 118 distinct factors, with each factor weighted to an optimal degree.

IBM also has a B grade for Value, Momentum, and Quality. It is ranked #5 out of the 51 stocks in the B-rated Technology – Hardware industry. Click here to view additional IBM ratings for Growth, Sentiment, and Stability.

Dow Inc. (DOW)

DOW provides various materials science solutions for the consumer care, infrastructure, and packaging markets in the United States, Canada, Europe, the Middle East, Africa, India, the Asia Pacific, and Latin America. The Midland, Mich.-based company operates through Packaging & Specialty Plastics; Industrial Intermediates & Infrastructure; and Performance Materials and Coatings segments.

In October, DOW and Crocs Inc., a global leader in innovative casual footwear, announced a collaboration in which DOW will supply bio-based materials for use in Crocs’ manufacturing process. Also, the company collaborated with Ralph Lauren Corporation (RL) to scale a less resource-intensive dyeing process. This demonstrates DOW’s commitment to environmental sustainability and its dominance in the industry.

On October 12, DOW announced a first-step agreement with Haldor Topsoe, a global leader in sustainable solutions, to develop a new 10 kiloton per year market development unit (MDU) for circular polyethylene from pyrolysis oil feedstock derived from waste plastics. This expansion is expected to scale up its purification capabilities and accelerate the scale needed to meet the growing market demand for circular polyethylene.

DOW’s $2.80 annual dividend yields 4.77% at the stock’s current price. On October 14, the company approved a $0.70 quarterly dividend, payable on December 10.

For its fiscal third quarter, ended September 30, DOW’s net sales increased 52.8% year-over-year to $14.84 billion. Its income before income taxes grew 5,252.4% from its year-ago value to $2.25 billion. Its net income available for common stockholders came in at $1.68 billion, indicating a 6,832% rise year-over-year. The company’s EPS increased 5,675% year-over-year to $2.23.

The Street expects DOW’s revenues to rise 28% year-over-year to $13.70 billion in the current quarter, ending December 2021. A $2.06 consensus EPS estimate for the current quarter indicates a 154.3% improvement year-over-year. Also, DOW has an impressive earnings surprise history; it has surpassed Street EPS estimates in each of the trailing four quarters.

DOW shares have gained 21% in price over the past year and 5.8% year-to-date to close yesterday’s trading session at $58.71.

It’s no surprise that DOW has an overall rating of B, which equates to Buy in our POWR Ratings system. DOW has a grade of A for Value, and a B for Quality. Among the 93 stocks in the B-rated Chemicals industry, DOW is ranked #25.

Get additional POWR Ratings for Growth, Stability, Momentum, and Sentiment here.

IBM shares were trading at $127.61 per share on Tuesday morning, down $0.03 (-0.02%). Year-to-date, IBM has gained 5.07%, versus a 23.71% 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.

More…

The post 2 Buy-Rated Dow Jones Stocks That Pay More Than a 4% Dividend yield appeared first on StockNews.com

https://www.entrepreneur.com/article/393457

We’re just days away from October, going in the books and heading into mid-Q4. Of course, penny stocks are at the top of mind, and new trends continue emerging. With the rise of meme stocks this year, there’s been a clear focus on a market phenomenon known as a short squeeze, and in this article, we’re looking closer at 5 penny stocks with higher short interest right now. But first, what is a short-squeeze anyway?

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What Is A Short Squeeze?

First, to understand this, you should know what shorting is. Where most investors try to buy low and sell high to make money with penny stocks, there are other ways for turning a profit. That includes benefiting when share prices fall. One of the ways to capitalize on this (besides buying put options) is by shorting the stock.

Read more: 5 Top Penny Stocks To Watch Under $1 Trending Right Now

This entails a trader borrowing shares from a broker, selling those shares at the current market price or desired price, then repurchasing the same amount of shares later on at lower prices.

Once repurchased, the trader returns the borrowed shares to the broker and pockets the difference in selling price (at higher levels) and the repurchase price (at the lower level). The thing to remember when it comes to shorting is that you’re borrowing shares, not money. So no matter what the underlying stock price is at the time of repurchase, you still owe that amount of shares to the broker you borrowed them from.

Penny Stocks & Short Squeezes

If you’ve seen massive breakouts in former penny stocks like AMC Entertainment (NYSE:AMC), GameStop (NYSE:GME) or countless other meme stocks, you’ve seen a short squeeze. Even as early as this week, with moves in Trump stocks, including Digital World Acquisition Corp. (NASDAQ:DWAC), the examples have been apparent. When a short squeeze triggers, there are a few things to consider. First, there are higher levels of shorting going on in specific stocks.

In most cases, we’re talking about a short float percentage of 15% or more. Then there’s usually an instance of above-average bullishness. Finally, there’s the time where short traders need to cover their short and return shares during the time where there’s an overtly higher level of upward momentum.

Without getting too overblown, short squeezes happen when bullish buying causes shorts to have to cover and take a loss. This retail buying paired with short-sellers buying at higher levels to cover their borrow triggers a short squeeze. As a result, we see big moves made by the likes of AMC stock, GME, DWAC, BKKT, and plenty of others. But, before any of this happens, it all starts with identifying stocks with higher levels of short selling. In this article, we’ll look at five that have short float percentages above 15% and some above 50%, according to data from Fintel.

5 Short Squeeze Penny Stocks To Watch

1. Digital Brands Group Inc. (NASDAQ:DBGI)
2. Arbutus Biopharma Corp. (NASDAQ:ABUS)
3. Waitr Holdings (NASDAQ:WTRH)
4. Alpine 4 Holdings (NASDAQ:ALPP)
5. Progenity Inc. (NASDAQ:PROG)

1. Digital Brands Group Inc. (NASDAQ:DBGI)

Shares of Digital Brands Group have steadily climbed over the last few months. Thanks to a resurgence in retail shopping trends and e-commerce, the company has successfully weathered some of the latest turbulence in the stock market. Its model focuses on selling luxury lifestyle brands via its “digital-first” platform both as direct to consumer and wholesale.

Recent DBGI Stock News

The most recent update from Digital Brands concerned its revenue growth. The company saw record eCommerce revenue increase year-over-year after the company flipped the switch on its digital advertising from the Bailey 44 and DSTLD brands for the first time in over a year.

Read more: Top Trending Penny Stocks to Watch Next Month

Hil Davis, Chief Executive Officer of Digital Brands Group, stated in an October release, “we are excited to finally move into our growth phase, and believe this shows the power of our platform and the growth opportunity for 2022 and beyond. In fact, our 2022 revenue guidance does not reflect the ROI and revenue increase we are currently experiencing on our digital advertising spend.”

Is DBGI A Short Squeeze Penny Stock To Watch?

According to data from Fintel, Digital Brands Group has a short float percentage of just under 19% as of this article. With a total outstanding share count of roughly 13 million shares, it will be interesting to see if DBGI stock can continue its steady uptrend that started back in September.

2. Arbutus Biopharma Corp. (NASDAQ:ABUS)

Another one of the companies we’ve discussed recently is Arbutus Biopharma. The company develops treatments for chronic infections, including Hepatitis B as well as coronaviruses. One of the most significant points of focus for the market has been on the company’s relationship to Moderna (NASDAQ:MRNA) of all companies. Earlier this month, Arbutus gave arguments in the United States Court Of Appeals For The Federal Circuit. This was in response to ongoing issues with Moderna over Arbutus’s lipid formulations for nucleic acid delivery.

Recent ABUS Stock News

While no further catalysts came from that original October 7th argument, there are some things to keep in mind heading into November. This is namely the company’s financial results and corporate update. If ABUS is on your list of penny stocks right now, markdown November 4th as the date to remember. This is when the company will update on its third-quarter financials and business developments.

Is ABUS A Short Squeeze Penny Stock To Watch?

If you look at data from Fintel, Arbutus shows a short float percentage of 64.38% right now. By all accounts, this is a high level. Heading into November, this could be an additional item to account for, in addition to what the company says during its business update at the start of next month.

3. Waitr Holdings (NASDAQ:WTRH)

In a similar fashion to the other name on this list of penny stocks, Waitr Holdings has been under pressure over the last few months. However, since mid-month, WTRH stock has been on the move. The company’s model focuses on the emerging food delivery market. Waitr’s on-demand food ordering and delivery platform is targeting userbase in smaller markets.

Recent WTRH Stock news

A few things have helped build momentum behind WTRH stock. First, filings showing a 10.3% stake in the company from Morgan Stanley sparked the initial excitement this month. Anytime you see a big bank buying into a penny stock, the market tends to react favorably, which it did. Waitr also announced plans for expanding its partnership with on-demand commerce platform Olo Inc. (NYSE:OLO).

Waitr will join Olo’s Dispatch network, which allows its Bite Squad and Delivery Dudes to receive requests from restaurant orders. “Teaming with Olo on Dispatch expands our access into new restaurants in multiple markets. It also provides the opportunity to show new customers a better delivery experience,” said Carl Grimstad, CEO, and Chairman of Waitr, in an October update.

Is WTRH A Short Squeeze Penny Stock To Watch?

According to Fintel, the short float percentage in WTRH stock sits around 16% as of this article. There have been some conflicting data based on what I’ve seen from people posting on social media. So depending on where you look, figures may vary. Needless to say, WTRH stock continues gaining attention in the market.

4. Alpine 4 Holdings (NASDAQ:ALPP)

This month, newly uplisted Alpine 4 Holdings has gained interest in the stock market following its move to the NASDAQ from the OTC. The company focuses on acquiring and incubating companies that all fit a similar model.

Read more: Hot Penny Stocks to Buy in November? 3 to Watch Next Month

Alpine has identified this as “Drivers, Stabilizers, and Facilitators” or DSF business. Its holdings include everything from metal fabrication companies and HVAC businesses to aerospace and forecasting technologies. The company also has a health subsidiary, Alternative Laboratories, developing nutritional and wellness products.

Recent ALPP Stock News

Other than the uplisting, there are new events that have put a focus on ALPP stock. Its Alternative Laboratories secured a $1.9 million purchase order focusing on Men’s Health and anti-aging products. This order is expected to get fulfilled between this and next quarter.

Is ALPP A Short Squeeze Penny Stock To Watch?

The data shows that the short float percentage on ALPP stock sits around 35% as of today. Given that shares have pulled back considerably over the last few weeks, it will be interesting to see if the penny stock can manage a bounce back now that it’s testing its 50-day moving average.

5. Progenity Inc. (NASDAQ:PROG)

Similar to some of the other names on this list of penny stocks. Progenity has been one to watch recently. It wasn’t that long ago we had it on the list of penny stocks under $1 to watch. In the company’s case, it develops a platform like its PreecludiaTM test. It’s designed to rule out preeclampsia in pregnant patients. A recent study demonstrated that Preecludia could “significantly distinguish” between the presence and absence of preeclampsia.

Earlier this month, Progenity announced several patents granted by the US Patent & Trademark Office, strengthening its IP in ingestible therapeutic technologies. In addition to that, new analyst coverage from HC Wainwright last week sparked some optimism in the market. The firm slapped a Buy on the stock as well as a $4 target.

Recent PROG Stock News

The most recent development from the company concerns its financials. In particular, the biotech announced that it was able to reduce its outstanding debt by over $20 million. In light of this, the market seems to have responded favorably so far and further extended PROG stock’s big move in October.

Is PROG A Short Squeeze Penny Stock To Watch?

If you look at the history of PROG stock on our site, it’s been on the list of penny stocks with high short interest for weeks. As of this article, data shows the short float percentage on PROG stock sitting around 22% right now.

Weighing Risk And Reward

With all investments, weighing risk and reward is obvious, at least to most. With potential short squeeze stocks, however, there’s another thing to consider, which is volatility. If or when stocks squeeze, the moves that ensue can be violent and very quick. That means knowing how to trade fast-moving stocks will be important for you to learn.

https://www.entrepreneur.com/article/393455

Shares of digital real estate company Zillow Group (Z) have suffered a significant decline over the past few weeks on investor concerns surrounding its recently announced suspension of house buying. Furthermore, the supply constraints that have stifled the housing sector’s expansion might impede the company’s growth in the near term. So, is it worth betting on the stock now? Let’s discuss.

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Digital real estate company Zillow Group Inc. (Z), which is based in Seattle, Wash., operates real estate brands on mobile applications and websites in the United States. The company offers selling, buying, renting, or financing with transparency and a nearly seamless end-to-end service. Its portfolio includes Zillow, Zillow Offers, Zillow Closing Services, Zillow Home Loans, Trulia, StreetEasy, and HotPads. The stock has declined 16.7% in price over the past three months and 2.4% over the past month.

Last week, the company declared the suspension of its home-buying operation for the rest of 2021, which caused some analysts concern that Z has too many properties in its inventory, signifying a decline in demand. This caused the stock to decline 10% in price last week.

Furthermore, closing the last trading session at $92.21, Z is trading 55.7% below its 52-week high of $208.11, which it hit on February 16, 2021, signaling a downtrend. In addition, Z’s weak profitability and premium valuation could make matters worse.

Here’s what could influence Z’s performance in the upcoming months:

Business Headwinds

Last week, Z announced that it would not engage in any new contracts to buy homes through the end of 2021, potentially surrendering ground to rival iBuying businesses. The company is facing a large backlog of pending property transactions due to ongoing labor shortages. Moreover, variable material costs are hindering repairs and upgrades of purchased houses.

In addition, according to the U.S. Census Bureau, new house construction and building permit authorization declined in September versus the previous month due to a persistent labor shortage and supply constraints.

Weak Profitability

Z’s 8.2% trailing-12-month EBITDA margin is 25.3% lower than the 11% industry average. Furthermore, Z’s 3.7% trailing-12-month net income margin is 39.4% lower than the 6.1% industry average. Also, the company’s cash from operations stood at a negative $425.92 million.

Stretched Valuation

In terms of trailing-12-months EV/Sales, Z is currently trading at 3.30x, which is 26.8% higher than the 2.60x industry average. In addition, its 3.61x trailing-12-months Price/Sales is 109.5% higher than the 1.72x industry average. Furthermore, the stock’s 87.82x trailing-12-months non-GAAP P/E ratio is 345.3% higher than the 19.72x industry average.

Unfavorable POWR Ratings

Z has an overall D rating, which equates to Sell in our proprietary POWR Ratings system. The POWR Ratings are calculated considering 118 distinct factors, with each factor weighted to an optimal degree.

Our proprietary rating system also evaluates each stock based on eight distinct categories. Z has a D grade for Stability and Quality. The stock’s 1.29 beta is in sync with the Stability grade. In addition, its lower-than-industry profit margins are consistent with the Quality grade.

Of the 78 stocks in the F-rated Internet industry, Z is ranked #62.

Beyond what I’ve stated above, we have rated Z for Growth, Sentiment, Momentum, and Value. Get all Z ratings here.

Bottom Line

Z’ shares have declined 29% in price so far this year. With the current labor crunch and supply bottlenecks, the company is facing operational difficulties. This is projected to persist for the rest of the year. In addition, its lower-than-industry profitability and lofty valuation could further amplify its poor price performance. Thus, we think the stock is best avoided now.

How Does Zillow Group Inc. (Z) Stack Up Against its Peers?

While Z has an overall POWR Rating of D, one  might want to consider looking at its industry peers, Alphabet Inc. (GOOGL) and Yelp Inc. (YELP), and Cars.com Inc.(CARS), which have B (Buy) ratings.

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Z shares were trading at $93.01 per share on Monday morning, up $0.80 (+0.87%). Year-to-date, Z has declined -28.34%, versus a 22.44% rise in the benchmark S&P 500 index during the same period.

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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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The post Should You Buy the Dip in Zillow? appeared first on StockNews.com

https://www.entrepreneur.com/article/393135

While the COVID-19 pandemic highlighted the importance of diagnostics and research services, the industry’s growth is expected to be sustained with increasing government funding and the prevalence of various chronic diseases that require therapies. So, we think it could be wise to bet on quality diagnostics and research stocks Danaher Corporation (DHR) and Quest Diagnostics (DGX). These companies demonstrated strong financials, outperforming consensus earnings estimates in their last reported quarter. So, let’s discuss.

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The COVID-19 pandemic has accelerated the growth of the diagnostics and research industry over the past year. And over the past few months, the resurgence of COVID-19 cases has further enhanced growth opportunities for several companies in this space. The prevalence of various chronic diseases and a rising demand for health care from an aging population should also drive the industry’s growth.

Furthermore, increasing government initiatives and investments in the healthcare sector and the integration of advanced technologies bode well for the diagnostic and research industry. Indeed, the clinical diagnostic market is expected to reach $93.85 billion by 2026, registering a 6.1% CAGR.

Given this backdrop, we think the shares of diagnostic and research companies Danaher Corporation (DHR) and Quest Diagnostics Incorporated (DGX) could be solid bets now because these companies topped analyst estimates for their third-quarter earnings.

Danaher Corporation (DHR)

DHR in Washington, D.C., is a multinational science and technology pioneer that develops, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. Its world-class brands hold leading positions in the demanding health care, environmental, and applied end markets.

In July, Cytiva and Pall Corporation, which is part of DHR, announced the expansion of production capacity and services across regions for global life sciences customers as part of an ongoing strategic expansion plan. This move should expand the production of essential items needed in biologic medicines and allow the company to fulfill its customers’ and patients’ current and future needs.

For its fiscal third quarter, ended October 01, 2021, DHR’s sales rose 22.9% from their year-ago value to $7.23 billion. Its operating profit increased 20.3% year-over-year to $1.31 billion, while its net income grew 32.7% from the prior-year quarter to $1.12 billion. Its $2.39 adjusted EPS for the quarter increased 39% year-over-year, beating the consensus estimate by 11.2%.

A $9.64 consensus EPS estimate for the current year indicates a 52.8% improvement year-over-year. Analysts expect DHR’s revenue to increase 29.4% year-over-year to $28.84 billion in its fiscal year 2021. The stock has gained 33.9% in price over the past year and 41.1% so far this year.

DHR’s POWR Ratings reflect this promising outlook. The company has an overall B rating, which translates to Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 distinct factors, each with its own weighting.

DHR is also rated an A grade for Sentiment, and a B for Growth and Stability. Within the Medical – Devices & Equipment industry, it is ranked #35 of 181 stocks.

To see additional POWR Ratings for Momentum, Value, and Quality for DHR, click here.

Click here to checkout our Healthcare Sector Report for 2021

Quest Diagnostics Incorporated (DGX)

DGX is a leading cancer and genetics diagnostics company. Its expertise spans diagnostic services, from screening and diagnosis to treatment selection, prognosis, and recurrence monitoring. It offers services under the brands Quest Diagnostics, AmeriPath, Dermpath Diagnostics, ExamOne, and Quanum. DGX is headquartered in Madison, N.J.

This month, DGX completed integrating its Northeast regional operations into its new 250,000-square-foot next-generation lab facility in Clifton, N.J. The laboratory is expected to conduct high-volume diagnostic testing services for more than 40 million people per year in seven states in the Northeast, offering enhanced productivity, higher medical quality, and capacity to satisfy current and future regional demands.

For the third quarter, ended September 30, 2021, DGX’s net revenue came in at $2.77 million. The company reported $652 million in operating income. Its net income was $505 million. Its $3.96 adjusted EPS beat the consensus estimate by 38%. In addition, the company’s net cash from operating activities increased 19.7% year-over-year to $1.75 billion. The company also raised its full-year outlook.

Analysts expect KFY’s revenue to increase 7.7% year-over-year to $10.17 billion in its fiscal year 2021. In addition, the company’s EPS is expected to grow 8% in the current year. Over the past year, the stock has gained 16% in price and 22.9% year-to-date.

DGX’s POWR Ratings reflect this promising outlook. The company has an overall B rating, which translates to Buy in our proprietary rating system. DGX is also rated a B grade for Value and Quality. Within the Medical – Diagnostics/Research industry, it is ranked #8 of 58 stocks.

Click here to see additional POWR Ratings for Stability, Momentum, Growth, and Sentiment for DGX.

Click here to checkout our Healthcare Sector Report for 2021

DHR shares were unchanged in premarket trading Monday. Year-to-date, DHR has gained 41.42%, versus a 22.58% 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.

More…

The post Buy These 2 Diagnostic & Research Stocks After Reporting Better Than Expected Earnings Results appeared first on StockNews.com

https://www.entrepreneur.com/article/393134

Are These Trump Penny Stocks on Your Watchlist?

Unless you’ve been living under a rock, you know that former President Donald Trump has a SPAC. It’s called Digital World Acquisition Corp. (NASDAQ:DWAC). Whether we’re talking about penny stocks or higher-priced stocks, DWAC stock has triggered a ripple effect across markets. The tie-in starts with any moderate connection to the former President and then extends from there. Let me explain what I mean because it’s kind of like the telephone game at this point.

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Take Phunware Inc. (NASDAQ:PHUN), for example. It is a tech company that reported a partnership in 2020 with American Made Media Consultants. The project was designed to develop, launch, and manage the Trump-Pence 2020 Reelection Campaign’s mobile application portfolio. While there’s a direct tie to the former President, PHUN stock’s move also triggered interest in a few mobile application penny stocks.

Thanks to heightened attention on alternative social media stocks, we also saw other companies like Grom Social Media (NASDAQ:GROM) take off. Though there were no apparent ties to Trump, GROM stock exploded early in Friday’s session. This was likely thanks to its loose tie-in to this idea of “other” social media platforms. The company operates a social platform and content outlet for children.

Read more: 6 Best Penny Stocks To Watch As Bitcoin Price Hits All-Time High

Trump Stocks Moving Right Now

Sentiment plays a big part in the world of penny stocks. Whether you call them meme stocks, stonks, Trump stocks, or anything else, DWAC stock is impacting the small-cap market. With that, we’re looking at a few other penny stocks to watch that are moving right now at the start of the final week of October 2021.

Penny Stocks To Watch

1. Creatd, Inc. (NASDAQ:CRTD)
2. GreenPro Capital Corp. (NASDAQ:GRNQ)
3. Salem Media Group Inc. (NASDAQ:SALM)

Creatd, Inc. (NASDAQ:CRTD)

Last week we discussed Creatd in another article as somewhat of a confused Trump stock to watch. The company specializes in social media marketing and digital content creation. It’s also the parent company to several other businesses, including Vocal and OG Gallery. Vocal is the platform for online creators, while OG is focused on the emerging NFT space – on-fungible tokens.

Read more: Trending Penny Stocks to Buy Now? 5 to Watch This Week

Last week we thought Creatd may have been more of a knee-jerk reaction thanks to some keyword placement. There was a period when the company and Mike Lindell – the MyPillow Guy – made headlines after Lindell planned to launch his own social media network, Vocl. Lawyers for Creatd’s Vocal warned Lindell, in a letter reviewed by The Daily Beast, to change his social media network’s name and surrender ownership of the Vocl.com domain name.

But this week, there’s a bit more optimism in the air with direct ties to the former President. Creatd announced its latest NFT drop, “The Trump Photographs,” which depicts a young Trump and was acquired from creditors of Bob Guccione, former CEO of General Media. This media company was behind magazines like Penthouse and OMNI, to name a few, and this NFT is going for a whopping 240 ETH. If you’re unfamiliar with cryptocurrency, 1 ETH is roughly $4,100 USD.

GreenPro Capital Corp. (NASDAQ:GRNQ)

Thanks to the hype from CRTD stock news, it isn’t unusual that NFT penny stocks are also coming into focus in the stock market today. GreenPro Capital is one of the companies getting its feet wet in the DeFi and Fintech arenas. As we’ve discussed, recent initiatives include spinning off tech incubators like SEATech Ventures Corp. (OTC:SEAV) and investing directly into digital asset exchanges.

Last month the company took stakes in two projects, Link Capital and Samothracec International (ATM Online). Where the NFT play comes to light is GreenPro’s previous purchase of thousands of NFTs earlier this year. These were Sputnik satellite-themed tokens that put the company directing into the digital art arena.

Also helping boost momentum in the stock market today is the company’s newest headline. GreenProannounced that one of its incubator companies, Angkasa-X, filed for an application to launch its Low Earth Orbit satellites. Its membership as an ITU-R member also means it’s part of an agency tied to the United Nations, specializing in space telecommunications.

You can’t have a list of “Trump stocks” without mentioning Salem Media. The conservative outlet has long been a close sympathy trade during the former President’s time in office. According to the company’s website, it boasts 11 million radio listeners, 153 million monthly web and app sessions, and a database of 40 million active email addresses. Its two leading brands include Salem Christian Media and Salem Conservative Media.

Read more: 3 Penny Stocks to Watch After Trump DWAC Stock Spotlights Small Caps

The tie-in to the Trump name is a bit clearer than other names on this list of penny stocks. One of Salem’s former network hosts, Dr. Sebastian Gorka, was appointed to President Trump’s National Security Education Board. With this has come plenty of bullishness, thanks to the move that DWAC stock has made.

Are Penny Stocks Worth Buying Right Now?

In light of all of this, something that should get discussed is that we’re still talking about penny stocks. Many of these recent runners have been under some pretty heavy pressure over the last few months.

Furthermore, there’ve been periods where many of these stocks have been dormant with much lighter trading volumes compared to the latest surge. My point is that with such heavy trading, some companies may take advantage of it and raise money, which could trigger some bearish responses in the market.

We’ve already seen this early on Monday with companies like SG Blocks (NASDAQ:SGBX). This company became a Trump stock thanks to a 2012 headline showing Donal Trump Jr. being named a Senior Advisor to SG Blocks. While this is nearly a decade old, the simple relation to the Trump family sent shares surging.

That was stopped short thanks to news that the company would raise $11.55 million at a steep discount to Friday’s closing price. So if you’re following high-velocity trends like this latest one stemming from DWAC stock, make sure you’ve got your strategy mapped out ahead of time.

https://www.entrepreneur.com/article/393132