Company stocks – Priscillas Friends http://priscillasfriends.org/ Mon, 21 Nov 2022 14:55:26 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://priscillasfriends.org/wp-content/uploads/2021/06/cropped-icon-32x32.png Company stocks – Priscillas Friends http://priscillasfriends.org/ 32 32 Dow rises to start the short Thanksgiving week; disney pop https://priscillasfriends.org/dow-rises-to-start-the-short-thanksgiving-week-disney-pop/ Mon, 21 Nov 2022 14:50:00 +0000 https://priscillasfriends.org/dow-rises-to-start-the-short-thanksgiving-week-disney-pop/ Stocks wobbled on Monday at the start of a short Thanksgiving holiday week as traders eagerly awaited speeches from the Federal Reserve and earnings reports. The Dow Jones Industrial Average rose 34 points, or 0.10%, led by shares of Disney, which jumped 8.7% after the announcement that Bob Iger will replace Bob Chapek as CEO. […]]]>

Stocks wobbled on Monday at the start of a short Thanksgiving holiday week as traders eagerly awaited speeches from the Federal Reserve and earnings reports.

The Dow Jones Industrial Average rose 34 points, or 0.10%, led by shares of Disney, which jumped 8.7% after the announcement that Bob Iger will replace Bob Chapek as CEO. The S&P 500 lost 0.18% and the Nasdaq Composite fell 0.27%.

Investors have been reflecting on the strength of a recent bear market rally, which began earlier in the month with the reading of the October consumer price index and gained momentum with the reading of last week on wholesale prices.

Last week, traders were stymied by messages from Federal Reserve officials, who were less impressed with the numbers and reassessed their optimism about the possibility of slowing inflation. The market will get more information on the central bank’s way forward to digest when Cleveland Fed President Loretta Mester and St. Louis Fed President James Bullard speak on Tuesday.

Retail sales rose in October, but at the corporate level, Target reported slowing demand and Amazon announced it would lay off 10,000 employees – although Home Depot and Walmart posted strong results.

“With 375 basis points of Fed rate hikes so far, an inverted yield curve, inflation spikes and commodity prices still part of the story, we can almost conclude that we are behind. in the economic cycle,” Liz Young, SoFi’s chief investment strategist, said in a note over the weekend.

This week, short due to the Thanksgiving holiday, investors will be busy with another retail income group. Best Buy, Nordstrom, Dick’s Sporting Goods and Dollar Tree are among the businesses on deck.

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Japan sees core inflation at 40-year high as Asia-Pacific stocks trade mixed https://priscillasfriends.org/japan-sees-core-inflation-at-40-year-high-as-asia-pacific-stocks-trade-mixed/ Fri, 18 Nov 2022 06:45:00 +0000 https://priscillasfriends.org/japan-sees-core-inflation-at-40-year-high-as-asia-pacific-stocks-trade-mixed/ Alibaba saw delivery disruptions during Singles Day, CEO says Alibaba CEO Daniel Zhang said, “The resurgence of Covid has affected one area after another, resulting in abnormal or suspended logistics service in different locations,” according to a FactSet transcript of the quarterly earnings call from the company on Thursday. Zhang noted that logistical disruptions had […]]]>

Alibaba saw delivery disruptions during Singles Day, CEO says

Alibaba CEO Daniel Zhang said, “The resurgence of Covid has affected one area after another, resulting in abnormal or suspended logistics service in different locations,” according to a FactSet transcript of the quarterly earnings call from the company on Thursday.

Zhang noted that logistical disruptions had taken place until November 11, while adding that the company was “seeing improvements”.

Alibaba also announced that it would increase its share buyback program by $15 billion.

Read the full story here.

— Evelyn Cheng

Morgan Stanley confirms job cuts in Asia-Pacific

Morgan Stanley CEO for Asia-Pacific, Gokul Laroia, has confirmed that layoffs are taking place in the Asia-Pacific region.

Asked if he could confirm reports of the company’s plans to cut 10% of its 500 employees in the region, Laroia told CNBC’s Emily Tan on Thursday that plans were already underway.

“Actually, I don’t know if the number is 10%, but there is going to be a reduction in strength,” he said. “Actually, it’s ongoing.”

Laroia added that China remains an important market for Morgan Stanley, despite slowing more than expected this year, and the company expects to remain invested there.

—Jihye Lee

South Korean and Japanese defense actions increase after North Korean missile launch

Shares of South Korean and Japanese defense-related companies rose in Friday morning trading after North Korea was confirmed to have launched an intercontinental ballistic missile.

In South Korea, shares of Hanwha Aerospace rose 4.69%, Korea Aerospace 2.34% and Victek 2.3%.

In Japan, Mitsubishi Heavy Industries rose 0.93% while Hosoya Pyro-Engineering rose 1.7% in the afternoon session in Asia.

—Jihye Lee

CNBC Pro: As Muddy Waters bets against dLocal, here are the other fintech stocks short-sellers are eyeing

Philippines central bank expects economy to see ‘low growth’ next year, not recession

The Philippines will experience "low growth" in 2023, no recession: Central Bank

Central Bank Governor Felipe Medalla of Bangko Sentral ng Pilipinas (BSP) said the economy is expected to experience “low growth” of less than 5%, not a recession, next year.

Speaking to CNBC’s Sri Jegarajah in an interview, he said the central bank estimates the economy will grow by 6% next year, which is above the International Monetary Fund’s outlook of 5%.

This outlook could change by around 100 basis points depending on the deterioration of global financial conditions, he added.

The BSP made its second 75 basis point hike of the year on Thursday, taking its benchmark interest rates to 5%.

— Natalie Tham, Jihye Lee

Tencent and NetEase shares rise after China approves game titles

Stocks of Chinese technology companies Tencent and NetEase Hong Kong-listed rose after the companies were granted gaming licenses by China’s National Press and Publication Administration.

Shares of Tencent rose 3% at the open and NetEase more than 5%.

The regulator has issued licenses for some 70 games for November, including Tencent’s Metal Slug: Awakening and NetEase’s A Chinese Odyssey: Homecoming.

NetEase shares plunged more than 11% on Thursday after the company announced that its license with Activision Blizzard would end in January 2023.

—Jihye Lee

Japan’s core inflation index rises 3.6%, more than expected

Japan’s core consumer price index rose 3.6% in October on an annualized basis, beating expectations for a 3.5% rise and the fastest pace since February 1982.

The index, which excludes fresh food but includes fuel costs, rose 3.0% in September from the same period a year ago.

The latest data marks the seventh consecutive month that the country has seen inflation levels above the Bank of Japan’s 2% target.

—Jihye Lee

CNBC Pro: JPMorgan Says These Asian Travel Stocks Are About To Burst

As travel to Asia picks up and continues to gain momentum, particularly after China’s recent announcement to reduce quarantine time for international travelers, JPMorgan says it remains bullish on the travel industry of the region.

“Given the strong visibility of forward bookings and the additional upside resulting from the final stage of reopening in parts of the region, we remain positive on the airline and airport sectors in Asia,” he said. he said in a Nov. 11 memo.

CNBC Pro subscribers can click here to learn which stocks investors should watch out for.

— Charmaine Jacob

The S&P 500 and the Nasdaq Composite close lower on Thursday

The Dow Jones Industrial Average closed near the flat line on Thursday despite falling 314 points during the session. The S&P 500 fell 0.31%. The Nasdaq Composite fell 0.35%.

—Sarah Min

CNBC Pro: ‘The bullish case for the semis is compelling’: BofA picks best chip stocks to buy

Chip stocks, once popular with investors, are doing poorly this year.

But BofA says that despite consumer demand remaining under pressure, “the bullish case for the semis is also compelling.”

Semiconductor sales could rebound in the second half of 2023, BofA predicted.

Here are some themes that the bullet stocks could build on, says the bank, which also chooses which names to buy.

CNBC Pro subscribers can learn more here.

—Weizhen Tan

Fed’s Jefferson says low inflation is best way to prosperity

Keeping inflation under control is the best way to ensure a strong economy for everyone, Federal Reserve Governor Philip Jefferson said Thursday.

“Low inflation is essential to achieving a long and sustained expansion — an economy that works for everyone,” the central bank official said at an event in Minneapolis. “Continuing our dual mandate is the best way for the Federal Reserve to promote widely shared prosperity.”

Jefferson offered no direct comment on the direction he envisions policy as the Fed seeks to achieve both full employment and stable prices.

His comments following a flurry of speeches from his colleagues, who universally say the Fed will have to raise interest rates further to bring down inflation which is still hovering around its highest levels since the early 1980s .

—Jeff Cox

Fed’s Bullard says monetary policy not yet ‘tightly enough’

St. Louis Federal Reserve Chairman James Bullard said more tightening may be needed for the central bank to get inflation under control.

He said Thursday that inflation remained at an unacceptably high level, noting the policy was not “tightly enough” at current levels. The Fed has raised rates from zero to a range of 4% to 4.25% this year as US inflation climbs to levels not seen in decades.

“So far, the change in monetary policy stance appears to have had only limited effects on observed inflation, but market prices suggest disinflation is expected in 2023,” Bullard said.

—Fred Imbert

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Hong Kong Stocks Up 3% as Tech Stocks Rise; China’s activity data disappoints https://priscillasfriends.org/hong-kong-stocks-up-3-as-tech-stocks-rise-chinas-activity-data-disappoints/ Tue, 15 Nov 2022 06:50:00 +0000 https://priscillasfriends.org/hong-kong-stocks-up-3-as-tech-stocks-rise-chinas-activity-data-disappoints/ Fertilizers key to reviving Black Sea grains deal, expert says A greater focus on fertilizers will help bring down the global cost of food and secure the extension of the Black Sea deal, said Michael Vatikiotis, senior adviser at the Center for Humanitarian Dialogue. He explained that 70% of fertilizer production facilities in Europe are […]]]>

Fertilizers key to reviving Black Sea grains deal, expert says

A greater focus on fertilizers will help bring down the global cost of food and secure the extension of the Black Sea deal, said Michael Vatikiotis, senior adviser at the Center for Humanitarian Dialogue.

He explained that 70% of fertilizer production facilities in Europe are inactive due to a lack of ammonium nitrate, of which Russia produces a quarter of the world’s production.

“I think what Russia is looking for is greater concern from the international community for the demand for fertilizers, so that they can somehow implement this deal,” Vatikiotis said, who added that more emphasis needs to be placed on fertilizers to bring down the global cost of food.

— Lee Ying Shan

Japan’s monetary policy will not change for the next 9-12 months (Monex Group)

Japan's monetary policy is not

The Bank of Japan will remain a “bastion of stability” for nearly another year as the output gap in the economy remains, Monex Group’s Jesper Koll told CNBC after Japan released its output estimates. third quarter gross domestic.

He said the GDP figure, which beat expectations, confirms “how negatively sensitive the Japanese consumer is” in the current environment.

Beyond the next 12 months, the central bank will have to be careful about whether the U.S. economy ends in a soft landing or a hard landing, Koll said.

He added that he is monitoring whether the Japanese government is able to come up with a structural industrial policy that encourages the business community to engage in its own investment spending.

—Abigail Ng

There’s huge value in some Chinese tech stocks, says Primavera Capital

Shares of major Chinese tech companies are currently “so depressed” and “really cheap,” said Fred Hu, founder and chairman of Primavera Capital.

The Hang Seng Tech index in Hong Kong is down more than 30% year-to-date, although the index has rebounded in recent weeks.

The Chinese government’s relentless crackdowns and zero Covid policy have undermined the confidence of tech entrepreneurs and investors, but there is “tremendous value” in some tech stocks, Hu said.

“China is a nation that any other prosperous nation would need [for] technology and innovation…I think there’s a benefit” to a lot of these actions, he added.

— Charmaine Jacob

Hong Kong-listed Chinese tech stocks jump in early trading

Hong Kong-listed shares of Chinese tech companies rose significantly in the first hour of trading.

Tencent increased by 7.6%, Meituan gained 5.9%, and Ali Baba increased by 9%. The Hang Seng Tech index rose around 4%.

The moves come despite disappointing data on Chinese retail activity and sales, and following US President Joe Biden and Chinese President Xi Jinping’s meeting ahead of the G-20 summit in Bali.

Chief strategist at private investment firm Safanad, John Rutledge, said the discussion between the two executives had “gone much better” than expected, although he mainly attributed that to low expectations.

Biden-Jinping meeting went much better than expected, says Safanad's Rutledge

TSMC shares jump more than 9% on news of Berkshire Hathaway stake

Shares of Taiwan semiconductor manufacturing company listed in Taiwan surged after Berkshire Hathaway revealed a $4 billion stake in the company.

The stock soared 9.44%, reaching the highest levels in nearly two months.

Berkshire added more than 60 million shares of the Taiwanese chipmaker’s U.S. certificates of deposit, worth $4.1 billion (1.2% of TSM) by the end of the third quarter, making Taiwan Semi the 10th largest holding in the conglomerate at the end of September.

The stock was up around 8% last time.

China’s industrial production and retail sales are below expectations in October

Chinese industrial production rose 5% in October from a year ago, slowing from a 6.3% increase seen in September. The latest figure misses estimates of a 5.2% rise predicted in a Reuters poll.

Separately, retail sales in China fell 0.5% in October from a year ago, below expectations.

Analysts polled by Reuters had expected a 1% increase and retail sales rose 2.5% in September.

—Abigail Ng

CNBC Pro: Morningstar’s top strategist says stocks are 15% undervalued, shares 6 favorites

With many stocks in a bear market, stocks could be undervalued by 15%, according to Morningstar.

The US equity research firm’s chief strategist thinks the headwinds that were present earlier in the year will start to ease early next year and benefit stocks.

Dave Sekera also shared his “fair value” assessment on six companies with a “wide moat” that will outperform in such an economic environment.

CNBC Pro subscribers can learn more here.

—Ganesh Rao

Australia’s central bank hints at bigger interest rate hikes ahead

The Reserve Bank of Australia has hinted at additional and possibly larger interest hikes in its efforts to rein in inflationary pressures, according to minutes released from its last meeting.

“The Board agreed on the importance of bringing inflation back to target and expects to raise interest rates further in the period ahead,” he said in the statement.

The central bank had considered raising its cash rates by 50 basis points, but saw a stronger case for raising the rate by 25 basis points, she said.

Higher interest rates would be part of broader efforts to “establish a more sustainable balance of supply and demand in the Australian economy”, the RBA said, adding that members had not ruled out the possibility of returning to higher increases if necessary.

– Jihye Lee

Japan’s economy shrinks unexpectedly in third quarter, data show

Japan’s economy contracted unexpectedly in the third quarter from a year ago, according to preliminary official estimates.

Gross domestic product fell 1.2% in the July-September quarter from the same period last year, missing estimates of 1.1% growth in a Reuters poll.

—Abigail Ng

CNBC Pro: China eases Covid measures. Here’s how market pros play it

What stocks could benefit if China rolls back its zero Covid policy? Market pros reveal how to play a reopening as China relaxes some of its virus controls.

Pro subscribers can learn more here.

— Zavier Ong

Shares at session low on Brainard comments

The S&P 500 rebounded from its lows and Treasury yields fell a bit in late morning after Federal Reserve Vice Chairman Lael Brainard said it may “soon” be appropriate to slow the pace. pace of interest rate hikes, in a conversation with Bloomberg News.

The S&P 500 was last down 0.1% after losing more than 0.7% at one point on Monday. The 10-year Treasury yield was 5 basis points higher at 3.878% after hitting around 3.90% earlier.

“I think it’s really important to point out that we’ve done a lot, but we have additional work to do both to raise rates and maintain moderation to bring inflation down to 2% over time,” added Brainard.

—John Melloy, Jeff Cox

Waller’s message from the Fed to the markets: the end point for rates is “still a long way from here”

Fed Governor Christopher Waller said that while the central bank may raise rates at a slower pace next month, that shouldn’t be interpreted as a sign of easing in its fight to lower the economy. ‘inflation.

“Stop paying attention to the pace and start paying attention to where the end point will be. Until we reduce inflation, that end point is still a long way off,” Waller said Sunday.

Earlier this month, the Fed raised rates 75 basis points to their highest level since 2008.

—Fred Imbert

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Hong Kong stocks jump after China cut quarantine period, up more than 7% https://priscillasfriends.org/hong-kong-stocks-jump-after-china-cut-quarantine-period-up-more-than-7/ Fri, 11 Nov 2022 06:26:00 +0000 https://priscillasfriends.org/hong-kong-stocks-jump-after-china-cut-quarantine-period-up-more-than-7/ Oil prices rise more than 2% as China eases quarantine measures Inventory reopening jumps after announcement of easing of China’s Covid measures China cuts Covid quarantine time by two days Chinese state media reported on Friday that the country would reduce quarantine time for international travelers by two days. The revised rules state that travelers […]]]>

Oil prices rise more than 2% as China eases quarantine measures

Inventory reopening jumps after announcement of easing of China’s Covid measures

China cuts Covid quarantine time by two days

Chinese state media reported on Friday that the country would reduce quarantine time for international travelers by two days.

The revised rules state that travelers will have to stay in a quarantine facility for five days, shorter than the previous seven-day period, with a two-day home observation period.

—Evelyn Cheng, Lee Ying Shan

Earnings preview: Softbank to post net profit after posting earlier losses

Softbank is expected to post a net profit in upcoming quarterly results.

A median forecast predicts the Japanese conglomerate will post annualized net profit of 2.769 billion yen ($19.5 billion) for its second quarter ending September 30, according to a Refinitiv survey.

The company recorded two consecutive periods of quarterly net losses, with a net loss of 3.16 trillion yen in the first quarter ending June 30 and a net loss of 2.1 trillion yen in the fourth quarter ending March 30 .

— Lee Ying Shan

Hong Kong movers: Alibaba, JD.com, Tencent soar at opening

Hong Kong-listed shares of Chinese tech companies have surged into early trading in Asia, with the broader Hang Seng Index briefly rising more than 6%.

Tech giants Alibaba and JD.com climbed 7.94% and 10% respectively. Tencent added 9.16% and Meituan gained 12.26%.

— Lee Ying Shan

Currency control: Japanese yen and Chinese yuan at strengthened levels

The japanese yen and chinese yuan hovered around strengthened levels after the US dollar index fell more than 1% overnight on a weaker-than-expected inflation report.

The yen settled at 141.63 against the greenback, hovering around the highest levels it had seen in two months before weakening past 150 in October.

The onshore yuan was around 7.18, also trading near its highest levels against the dollar in nearly a month.

—Jihye Lee

Asia-Pacific indices open after US inflation report

CNBC Pro: Bitcoin Will Fall Further, Fund Manager Says — Until That Catalyst Triggers

Bitcoin is down 75% from its all-time high, and a cryptocurrency exchange is on the verge of bankruptcy. In such an environment, a bond fund manager reveals the only thing necessary for prices to rise.

Michael Howell of Cross Border Capital also said that due to the missing catalyst there was an increased risk that investors would come in “a bit too early”.

CNBC Pro subscribers can learn more here.

—Ganesh Rao

CPI rises less than expected

The consumer price index in the United States – a broad gauge of inflation – rose 0.4% in October from the previous month. Year over year, the CPI rose 7.7%.

Economists polled by Dow Jones were expecting a monthly gain of 0.6% and an annual increase of 7.9%.

Excluding volatile food and energy costs, the so-called core CPI rose 0.3% for the month and 6.3% on an annual basis, against respective estimates of 0.5% and 6.5%.

—Jeff Cox

Dollar index on pace for worst day since December 2015

The U.S. dollar slid against a basket of other currencies on Thursday as investors cheered the weaker-than-expected October CPI report, signaling that inflation may have peaked.

The dollar index lost 2%, putting it on pace for its worst daily performance since Dec. 4, 2015. If the index falls more than 2.1%, it will hit levels not seen since 2009.

This week, the dollar index is down 2.3% and is on course for its worst week since March 2020.

—Carmen Reinicke

Biden worries about Xi’s relationship with Putin ahead of G-20 summit

The US government has introduced some of its most extensive export controls yet aimed at cutting China off from advanced semiconductors. Analysts said the move could hamper China’s microchip industry.

Mandel Ngan | AFP | Getty Images

President Joe Biden is expected to discuss Russia’s war in Ukraine with Chinese President Xi Jinping next week in a face-to-face meeting.

The meeting between the two leaders, the first since Biden assumed the US presidency, will take place ahead of the G-20 summit in Bali, Indonesia.

“I think the president will be honest and direct with President Xi about how we see the situation in Ukraine with Russia’s war of aggression,” a senior Biden administration official told reporters during the briefing. a call.

“It’s a topic that President and President Xi have talked about many times before. They talked about it at length in March on their video call and then they talked about it again in July, so it’s part of a conversation in course between the two of them,” added the official, who spoke on condition of anonymity.

—Amanda Macias

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Beachbody Company (NYSE:BODY) plunges 11% this week as rising losses may not inspire confidence in its investors https://priscillasfriends.org/beachbody-company-nysebody-plunges-11-this-week-as-rising-losses-may-not-inspire-confidence-in-its-investors/ Tue, 08 Nov 2022 10:34:24 +0000 https://priscillasfriends.org/beachbody-company-nysebody-plunges-11-this-week-as-rising-losses-may-not-inspire-confidence-in-its-investors/ It’s no secret that every investor will make bad investments from time to time. But it’s not unreasonable to try to avoid truly shocking capital losses. So spare a thought for the long-term shareholders of Beachbody, Inc. (NYSE:BODY); the share price has fallen 82% in the last twelve months. That would be enough to make […]]]>

It’s no secret that every investor will make bad investments from time to time. But it’s not unreasonable to try to avoid truly shocking capital losses. So spare a thought for the long-term shareholders of Beachbody, Inc. (NYSE:BODY); the share price has fallen 82% in the last twelve months. That would be enough to make even the strongest stomachs turn. We wouldn’t rush to pass judgment on Beachbody Company because we don’t have a long-term track record to review. Shareholders have had an even tougher race lately, with the share price falling 31% in the past 90 days. While a drop like that is definitely a blow, money isn’t as important as health and happiness.

With the stock down 11% in the past week, it’s worth taking a look at the trade performance and seeing if there are any red flags.

Our analysis indicates that BODY is potentially overrated!

Beachbody Company has not been profitable for the past twelve months, we are unlikely to see a strong correlation between its stock price and earnings per share (EPS). Income is arguably our second best option. Generally speaking, companies without profits should increase their revenue every year, and at a good pace. Some companies are willing to defer profitability to increase revenue faster, but in this case, good revenue growth is expected.

In just one year, Beachbody Company saw its revenue drop 13%. It looks pretty dark, at a glance. The market obviously agreed, as the stock price fell 82%. Holders must not lose the lesson: loss-making companies must increase their income. But the markets are overreacting, so there is an opportunity for investors who are willing to take the time to dig deeper and understand the business.

You can see how earnings and income have changed over time below (find out the exact values ​​by clicking on the image).

NYSE:BODY Earnings and Revenue Growth November 8, 2022

We appreciate the fact that insiders have been buying stocks over the past twelve months. Even so, future earnings will be far more important to whether current shareholders are making money. If you are considering buying or selling Beachbody Company stock, you should check out this free report showing analyst earnings forecast.

A different perspective

We doubt Beachbody Company shareholders are happy with the 82% year-over-year loss. This is below the market, which lost 24%. It’s disappointing, but it’s worth bearing in mind that selling market-wide wouldn’t have helped. The share price decline has continued over the past three months, down 31%, suggesting a lack of enthusiasm from investors. Given the relatively short history of this stock, we would remain fairly cautious until we see strong trading performance. I find it very interesting to look at stock price over the long term as a proxy for company performance. But to really get insight, we also need to consider other information. To this end, you should be aware of the 3 warning signs we spotted with Beachbody Company.

If you like buying stocks alongside management then you might love this free list of companies. (Hint: insiders bought them).

Please note that the market returns quoted in this article reflect the average market-weighted returns of stocks currently trading on US exchanges.

Valuation is complex, but we help make it simple.

Find out if Beachbody Company is potentially overvalued or undervalued by viewing our full analysis, which includes fair value estimates, risks and warnings, dividends, insider trading and financial health.

See the free analysis

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

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5 stocks every investor knows that are trading under $10 and have huge upside potential in 2023 – 24/7 Wall St. https://priscillasfriends.org/5-stocks-every-investor-knows-that-are-trading-under-10-and-have-huge-upside-potential-in-2023-24-7-wall-st/ Sat, 05 Nov 2022 10:10:32 +0000 https://priscillasfriends.org/5-stocks-every-investor-knows-that-are-trading-under-10-and-have-huge-upside-potential-in-2023-24-7-wall-st/ While most of Wall Street focuses on large and large-cap stocks because they offer a degree of safety and liquidity, many investors are limited in the number of stocks they can buy. Many of the biggest public companies, especially the tech giants, trade in the hundreds, up to over $1,000 per share or more. At […]]]>

While most of Wall Street focuses on large and large-cap stocks because they offer a degree of safety and liquidity, many investors are limited in the number of stocks they can buy. Many of the biggest public companies, especially the tech giants, trade in the hundreds, up to over $1,000 per share or more. At these high prices, it’s hard to get decent leverage on the number of shares.

Many investors, especially more aggressive traders, look to low priced stocks as a way to not only make money, but also get a higher number of shares. This can really help the decision-making process, especially when you’re on a winner, because you can always sell half and keep half.

We scoured our 24/7 research database on Wall St. for small-cap companies that could very well offer patient investors huge returns for the remainder of 2022 and beyond. of the. Low-priced stock skeptics should remember that at one point, Amazon and Apple were trading in single digits. A stock we’ve featured over the years, Zynga, was recently purchased by Take-Two Interactive. Cogent Biosciences, which we presented in March, has tripled.

Although these five stocks are rated Buy, it is important to remember that no single analyst report should be used as the sole basis for any buy or sell decision.

Carnival

The travel sector has rebounded from the decline of the COVID-19 pandemic, and this stock is an industry leader. Carnival Corp. (NYSE: CCL) operates as a leisure travel company. Its ships visit approximately 700 ports under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa Cruises, AIDA Cruises, P&O Cruises (UK) and Cunard brands.

The company also provides port destinations and other services, as well as owns and operates hotels, lodges, glass dome cars and coaches. It sells its cruises primarily through travel agents, tour operators, vacation planners and websites. The company operates in the United States, Canada, Continental Europe, United Kingdom, Australia, New Zealand, Asia and elsewhere. It operates 87 ships with 223,000 lower berths.

Stifel has a target price of $17 on Carnival shares. The consensus target is much higher at $30.37, but shares traded Friday at $9.20.

ALSO READ: Why The Best Bet For 2023 Remains 5 Mega-Cap U.S. Dividend-Paying Energy Stocks

Platoon

This cycling and exercise platform was a big winner in the pandemic, but got hammered this year. Peloton Interactive Inc. (NASDAQ: PTON) operates interactive fitness platforms in North America and internationally. The company offers connected fitness products with touchscreens that stream live and on-demand classes under the names Peloton Bike, Peloton Bike+, Peloton Tread and Peloton Tread+.

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3 Under-The-Radar Cannabis Stocks To Buy Right Now https://priscillasfriends.org/3-under-the-radar-cannabis-stocks-to-buy-right-now/ Fri, 28 Oct 2022 11:20:00 +0000 https://priscillasfriends.org/3-under-the-radar-cannabis-stocks-to-buy-right-now/ Jushi Holdings (JUSHF -2.61%), New Lake Capital Partners (NLCP 1.37%)and Ascend Wellness Holdings (AAWH -1.48%) are some of the lesser-known names in cannabis, especially as two of the three turned a profit in the first six months of this year and the third is nearing profitability. There is a lot of growth ahead for cannabis […]]]>

Jushi Holdings (JUSHF -2.61%), New Lake Capital Partners (NLCP 1.37%)and Ascend Wellness Holdings (AAWH -1.48%) are some of the lesser-known names in cannabis, especially as two of the three turned a profit in the first six months of this year and the third is nearing profitability. There is a lot of growth ahead for cannabis companies. Global legal marijuana sales, estimated at $22 billion in 2022, are expected to grow at a compound annual growth rate of 28% over the next six years, becoming a $97 billion business by 2026, according to a report of Facts and Factors. However, investors should be patient and keep a long-term view, as cannabis stocks have been depressed so far this year.

I like these three cannabis companies. Although they don’t sell their shares on a major exchange, their lack of notoriety means their valuations are far from oversold, if you compare their respective price-to-sales ratios to those of industry leaders. This provides more upside opportunities for long-term investors.

TRUL PS Ratio data by YCharts

NLCP PS Ratio Table

PS NLCP Ratio Data by YCharts

Jushi Holdings attractive as a takeover target or as a standalone business

Jushi Holdings has seen its shares fall more than 51% this year, but not as much as industry benchmarks such as the AdvisorShares Pure Cannabis ETFwhich is down more than 63%, or the ETFMG Alternative Harvest ETF, which is down more than 53%. Still, this is hardly comforting for Jushi investors.

Jushi is a relatively small multi-state operator (MSO), but is growing aggressively. It has 35 stores but plans to have 50 by the end of 2023. It is also conveniently located in three key medical marijuana states that are expected to open for adult sales in the near future: Pennsylvania, Virginia and Ohio. It has 18 dispensaries in Pennsylvania; four in Virginia, with two more planned; and one in Ohio, with four more planned.

In the last six months, the company recorded revenue of $134.6 million, up 50.5% from the previous year. In the second quarter, it reported revenue of $72.7 million, up 52.8% year-over-year and 17.6% sequentially. It posted net income of $12.1 million in the quarter, up from net income of $3.6 million in the same period last year, albeit due to the sale of shares, it recorded an earnings per share (EPS) loss of $0.15, compared to an EPS loss of $0.09 in the second quarter of 2021.

Jushi’s biggest concern is that he only has $43 million in cash in the second quarter, although with only $200 million in total debt, he could easily raise more cash for his operations. The company also released guidance that put its expected annual revenue at $320 million to $350 million, up from $209 million in 2021. The company’s strong positions in potentially adult-use states and relatively low debt make it also an attractive takeover candidate for another MSO.

NewLake Capital Partners thrives in a long shadow

NewLake Capital Partners has seen its shares fall more than 45% so far this year. This is a real estate investment trust (REIT) that owns cannabis businesses, which is a very specialized area. With 31 properties comprising 1.7 million square feet in 12 states, it is eclipsed by the largest cannabis REIT, Innovative industrial properties, which has 111 properties representing 8.7 million square feet in 19 states. As such, NewLake is easily overlooked, which would be a mistake for investors. The company minimizes risk with triple net leases that put most of the expense on tenants.

NewLake just increased its dividend for the sixth consecutive quarter, this time by 5.7% to $1.48 per share quarterly, giving it a yield of around 9.55%.

The decline in share price stands in stark contrast to the company’s financials, making it an excellent long-term opportunity for investors. In the second quarter, the company reported revenue of $10.5 million, up 59% year-over-year. More significantly for a REIT, adjusted funds from operations (AFFO) totaled $8.7 million, up 7% from the same period in 2021. The company’s net income was reported at 3 $.8 million, compared to $5 million year-over-year. Both the AFFOs and the company’s net income were hit by one-time severance charges.

Over the past six months, NewLake’s position looks even stronger with revenue of $20.5 million, up 86% year over year; net income of $8.8, up 109% from the same period in 2021; and AFFO of $16.8 million, up 102% year-over-year. For six months, the Company’s properties were fully leased, with no defaults or rent deferrals, and the average remaining lease term was 14.5 years.

Ascend Wellness is at a crossroads

Ascend Wellness is a small MSO with 22 dispensaries in six key cannabis states; Illinois, Michigan, Ohio, Massachusetts, New Jersey and Pennsylvania. Shares of the company have fallen more than 69% so far this year.

The company just opened its first Pennsylvania dispensary in Scranton, but it has plans for five more in the state. It is also in the process of adding adult sales to its three medical marijuana dispensaries in New Jersey.

In the second quarter, Ascend reported revenue of $97.5 million, up 15% sequentially and 17% year-over-year. The company also narrowed its net income loss to $21.2 million, from a loss of $27.8 million in the same quarter of 2021. Six-month period, the company said it had revenue of $183 million, up 22% year over year, and it cut its net losses 47.3% to $48.9 million.

Like Jushi, as a smaller MSO, Ascend could be a buyout possibility, or it could go the other way by becoming active in acquisitions. It has canceled its proposed $88 million acquisition of MedMen in August, but that had more to do with concerns about MedMen’s assets than Ascend’s desire to grow through acquisitions. The company may also try to expand with smaller acquisitions, as it did in August when it began the process of buying three licensed dispensaries that were being built in Cincinnati, Piqua and Sandusky, Ohio, by Ohio. Patient Access, giving Ascend five dispensaries in the state.

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Stock futures slide as investors wait for big tech profits https://priscillasfriends.org/stock-futures-slide-as-investors-wait-for-big-tech-profits/ Tue, 25 Oct 2022 11:09:00 +0000 https://priscillasfriends.org/stock-futures-slide-as-investors-wait-for-big-tech-profits/ Stock futures fell on Tuesday as investors expected big tech profits to get new clues about the health of the U.S. economy. Futures contracts linked to the Dow Jones Industrial Average slid 130 points, or 0.4%. S&P 500 and Nasdaq 100 futures fell 0.4% and 0.2% respectively. Shares of Amazon fell slightly in premarket trading […]]]>

Stock futures fell on Tuesday as investors expected big tech profits to get new clues about the health of the U.S. economy.

Futures contracts linked to the Dow Jones Industrial Average slid 130 points, or 0.4%. S&P 500 and Nasdaq 100 futures fell 0.4% and 0.2% respectively.

Shares of Amazon fell slightly in premarket trading on reports of a hiring freeze, while Discover Financial lost more than 1% on disappointing results.

Tuesday’s moves came after another strong day for stocks.

The Dow gained 417.06 points, or 1.3%, on Monday. The Nasdaq Composite ended up 0.9% and the S&P 500 added about 1.2%, with nine of 11 sectors ending higher, led by health care.

This week, investors remain focused on earnings from the biggest tech companies, with reports from Alphabet and Microsoft due Tuesday. Meta Platforms reports on Wednesday, followed by Amazon and Apple on Thursday. Given their size and market capitalization, any movement is likely to push the market forward.

So far this season, the companies have proven that they are perhaps doing better than expected. That’s in part because analysts’ earnings estimates have fallen in recent months as companies grapple with headwinds in the currency market and other growth issues. This could create stocks for rallies on potentially better than expected results.

“‘Earnings have really come down a lot,” said Sam Stovall, chief investment strategist at CFRA. “Maybe investors are happy because it’s up 2% not down 2%, but we also saw reductions in the forecast for 2023. This bear market is likely to play out even if we get a short-term bear rally.”

Reports from UPS, General Electric, Coca-Cola and General Motors are due out before the bell on Tuesday. Chipotle Mexican Grill and Texas Instruments will report after Tuesday’s close.

On the economic data front, S&P/Case-Shiller August Home Prices, FHFA August Home Prices and October Consumer Confidence are scheduled for release on Tuesday.

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Stocks extend Friday’s gains, head for a winning week as Dow jumps 700 points https://priscillasfriends.org/stocks-extend-fridays-gains-head-for-a-winning-week-as-dow-jumps-700-points/ Fri, 21 Oct 2022 19:20:00 +0000 https://priscillasfriends.org/stocks-extend-fridays-gains-head-for-a-winning-week-as-dow-jumps-700-points/ Stocks climbed in choppy trade on Friday as investors weighed more corporate earnings reports and the prospect of a Federal Reserve rate hike. The Dow Jones Industrial Average gained 727 points, or 2.4%. The S&P 500 rose 2.3%. The Nasdaq Composite rose 2.2%. Treasury yields fell from their highs on Friday morning after a Wall […]]]>

Stocks climbed in choppy trade on Friday as investors weighed more corporate earnings reports and the prospect of a Federal Reserve rate hike.

The Dow Jones Industrial Average gained 727 points, or 2.4%. The S&P 500 rose 2.3%. The Nasdaq Composite rose 2.2%.

Treasury yields fell from their highs on Friday morning after a Wall Street Journal report that some Fed officials feared excessive tightening with big rate hikes. This report also appeared to boost stocks.

The central bank’s aggressive rate hikes have been a major factor in sending equities into a bear market this year, and traders have continued to raise their estimates of where the Fed will stop.

“We really need a break from the Fed. Not so much that they would outright disavow future rate hikes, but that they would just say every meeting is live, and if the data goes our way, after the first half of ’23 we don’t have ‘I don’t need to do more,’ Barry Bannister, Stifel’s chief equity strategist, said in ‘Squawk on the Street’.

Even with Friday’s bond market reversal, the 10-year Treasury yield is still trading above 4.2%, a level last seen in 2008. Still, major stock averages rose more 4% over the week.

“I think at the end of last week the market was technically a bit oversold. And like we’ve seen so many times in the past, when things get negative enough, it becomes kind of an indicator against the grain of a rebound,” Randy said. Frederick, managing director of trading and derivatives at the Schwab Center for Financial Research.

“But like all the other rebounds we’ve had, it hasn’t been very sustained. … A rebound today doesn’t necessarily mean it’s going to continue next week. If so, I suspect that it won’t be for more than a day or two,” Frederick added.

Bank stocks were a bright spot on Friday, with Goldman Sachs gaining 4.5% and JPMorgan Chase adding 4.7%.

Profits yield limited gains for the market. Dow components American Express and Verizon fell 2.8% and 4.4%, respectively, after their quarterly reports. In technology, social media company Snap fell 31% after reporting quarterly revenue of $1.13 billion, below expectations.

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Nasdaq Bear Market: 3 Unstoppable Growth Stocks Down 35%+ You’ll Likely Regret Not Buying https://priscillasfriends.org/nasdaq-bear-market-3-unstoppable-growth-stocks-down-35-youll-likely-regret-not-buying/ Sun, 16 Oct 2022 14:45:00 +0000 https://priscillasfriends.org/nasdaq-bear-market-3-unstoppable-growth-stocks-down-35-youll-likely-regret-not-buying/ The Nasdaq Composite Index fell more than 35% from its recent high, putting it in a strong bear market. Given the current economic uncertainty, it is unclear how low it could fall. However, amidst all the current challenges, many companies continue to grow their businesses despite the uncertainty. With their stock prices falling, they are […]]]>

The Nasdaq Composite Index fell more than 35% from its recent high, putting it in a strong bear market. Given the current economic uncertainty, it is unclear how low it could fall.

However, amidst all the current challenges, many companies continue to grow their businesses despite the uncertainty. With their stock prices falling, they are trading at much lower valuations. For this reason, investors could make big gains by taking advantage of the sell-off and holding out until the eventual rally.

Three battered companies with irresistible growth are equinix (EQIX -3.28%), Walgreens Boot Alliance (WBA -1.22%)and Z-scale (ZS -6.77%). Because of this, the more than 35% drop in their stock price looks like an opportunity investors might regret missing in the future.

Remarkably consistent growth at a much more attractive price

Shares of Equinix have fallen nearly 40% from their peak. One of the advantages of the sale is that the dividend yield of this REIT data center (real estate investment company) amounts to nearly 2.5%. It’s not too far from its historic peak.

This decline comes even as Equinix continues to generate irresistible growth. The company’s revenue increased another 10% in the second quarter. It marked the company’s 78th straight quarter of revenue growth, which it says is the longest streak of any S&P500 member. The data center REIT plans to continue growing, driven by strong demand for its data center solutions. It currently has 50 major projects underway and has recently completed acquisitions in Chile, Peru and the West Africa region. These investments should contribute to its continued growth.

Given the massive sell-off in Equinix’s stock price, investors can buy this excellent growth stock at a much lower valuation. The company sees its adjusted funds from operations (FFO) reaching a range of $28.77 to $29.10 per share this year (up 6% to 7% from 2021). With its shares recently around $510 each, Equinix is ​​trading at around 17.6 times FFO. That’s a lot cheaper than the 30+ FFOs he picked up to start the year.

This dividend seems unstoppable

Walgreens Boots Alliance’s stock price is down more than 35% from its recent high. That pushed the healthcare company’s dividend yield to 5.7%. That’s an attractive level for a company with Walgreens’ track record of growth. The company has increased its quarterly dividend for 47 consecutive years. This easily qualifies him as Dividend Aristocrat and has him at three years of the even more elite class of Dividend Kings.

Walgreens’ dividend growth streak isn’t expected to end anytime soon. The company’s strategy to transform into a consumer-centric healthcare company is paying off. As a result, it sees its financial results accelerating over the next fiscal year. At the same time, it has increased the visibility of its long-term outlook, leading the company to expect to achieve below-teen adjusted earnings per share growth in its fiscal year 2025 and beyond.

With shares down this year, Walgreens now looks like an incredible bargain at around 7.3 times its lead price/earnings ratio (PE). Not only do investors get Walgreens at a discount, but they’re also paid pretty well while they wait for the company’s strategy to deliver results, thanks to its higher dividend yield.

Rapid growth

Zscaler’s stock price has fallen more than 60% this year. Because of this, the cloud security company is trading at a much more reasonable valuation of 17.7 times sales, compared to more than 60 times sales earlier this year. Although it is still quite a high price, Zscaler is rapidly increasing its valuation.

The company’s annual recurring revenue jumped 62% in its 2022 fiscal year, topping $1 billion for the first time. This has continued its rapid growth, with Zscaler’s revenue growing at a compound annual rate of 55% since 2018. Zscaler plans to continue its rapid growth, aiming to increase its recurring annual revenue to $5 billion over the next few years. That would still give it only a tiny fraction of the $72 billion in market opportunity it sees for its current cloud security products.

Zscaler uses a land and expand strategy. It wins customers to its core solutions and expands the relationship as they move to new features and products. The company sees a 6x upsell opportunity within its existing customer base alone.

It also continues to invest in improving its product offerings. For example, it recently acquired ShiftRight to further enhance its platform, providing additional benefits to customers. With a strong financial position, Zscaler has the flexibility to continue to invest in building its capabilities so that it can continue to earn, retain and expand its customer relationships.

Unstoppable growth at even better values

Nothing has stopped Equinix, Walgreens, and Zscaler from growing over the years. Despite their excellent growth track record, their stock prices are down sharply this year. For this reason, investors can get these unstoppable growth stocks at much lower valuations. This is an opportunity that investors may regret missing in the future as these companies are expected to continue to grow, which could eventually lead to a rebound in their battered stock prices.

Matthew DiLallo has positions in Equinix and Zscaler and has the following options: October 2022 short sale of $35 on Walgreens Boots Alliance. The Motley Fool has positions in and recommends Equinix and Zscaler. The Motley Fool has a disclosure policy.

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