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C

Citigroup (C) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this U.S. bank have returned +6.5%, compared to the Zacks S&P 500 composite's +2.7% change. During this period, the Zacks Banks - Major Regional industry, which Citigroup falls in, has gained 8.3%. The key question now is: What could be the stock's future direction?While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.Earnings Estimate RevisionsRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.Citigroup is expected to post earnings of $1.52 per share for the current quarter, representing a year-over-year change of -18.3%. Over the last 30 days, the Zacks Consensus Estimate has changed -3.1%.The consensus earnings estimate of $5.94 for the current fiscal year indicates a year-over-year change of -1.7%. This estimate has remained unchanged over the last 30 days.Story continuesFor the next fiscal year, the consensus earnings estimate of $7.32 indicates a change of +23.2% from what Citigroup is expected to report a year ago. Over the past month, the estimate has changed -0.3%.With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Citigroup.The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:12 Month EPSProjected Revenue GrowthWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.For Citigroup, the consensus sales estimate for the current quarter of $20.51 billion indicates a year-over-year change of -4.4%. For the current and next fiscal years, $79.99 billion and $81.84 billion estimates indicate +2% and +2.3% changes, respectively.Last Reported Results and Surprise HistoryCitigroup reported revenues of $17.44 billion in the last reported quarter, representing a year-over-year change of -3.1%. EPS of $0.84 for the same period compares with $1.10 a year ago.Compared to the Zacks Consensus Estimate of $18.66 billion, the reported revenues represent a surprise of -6.55%. The EPS surprise was +15.07%.The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period.ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.Citigroup is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Citigroup. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.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 reportCitigroup Inc. (C) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Citigroup Inc. (C) is Attracting Investor Attention: Here is What You Should Know

https://finance.yahoo.com/news/citigroup-inc-c-attracting-investor-130015975.html

1202f5b0-e91f-3ac2-8f6d-137ca805acaa

C

JPMorgan’s JPM asset management business, J.P. Morgan Asset Management, will continue with its hiring plans in China as the Wall Street bank seeks growth in the world’s second-largest economy.Desiree Wang, chief executive officer of J.P. Morgan Asset Management China, stated, “China’s mutual fund industry remains an irreplaceable growth market for global asset managers. It offers a great certainty of growth.”J.P. Morgan Asset Management has been operating in China for almost 20 years now. Based in Shanghai, it provides more than 90 mutual fund products, including equities, fixed income and outbound investments.After China’s $53-trillion financial markets became open to foreign firms following the removal of restrictions on ownership, various firms either applied to form joint ventures in China or gain greater control of their already established joint ventures in the country.Last year, JPM gained full control of its China mutual fund joint venture, following the buyout of its local partners. Also, JPM has bought a stake in China Merchants Bank Co.’s wealth-management subsidiary for 2.67 billion yuan.China Merchants Bank, known as the nation’s king of retail banking, was the first financial company in China to have allowed a foreign firm to make a strategic investment in its wealth management subsidiary.Since the banking giant wants to keep its headcount in China largely the same throughout the year, Wang said, “The company has no major downsizing plan for the asset management business” in the country.Over the past six months, shares of JPMorgan have rallied 28.6% compared with 26.3% growth of the industry. Zacks Investment ResearchImage Source: Zacks Investment Research At present, JPM carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.China’s Current Economic ScenarioWhile JPMorgan remains optimistic about the prospects of China, firms like Morgan Stanley MS have axed 9% of its employees at its asset management unit in China. This is part of MS’s broader plans to stay defensive amid the nation’s economic slowdown and market uncertainties.China’s prolonged economic sickness has resulted in a collapse of its stock markets, which has diminished prospects for its $3.8-trillion fund sector.Last month, the benchmark CSI 300 index, which replicates the top 300 stocks traded on the Shanghai and Shenzhen exchanges, fell to five-year lows after sinking 11% in 2023. The China stock markets have been hit by the unparalleled debt crisis in the property sector and a lack of large-scale government stimulus.Thus, the staff reduction is part of Morgan Stanley Investment Management China’s efforts to modify and revise the business after taking full ownership.Similarly, various other investors are pulling back billions of dollars from China’s actively managed equities funds.In October 2023, Citigroup C announced that it agreed to sell its China-based onshore consumer wealth portfolio to HSBC Holdings plc. As a result of the sale, Citigroup will transfer assets under management and deposits worth $3.6 billion to HSBC Bank China.Though Citigroup has planned to exit its consumer wealth business in China, it will retain its institutional businesses, wherein it has a preeminent position. It will continue to cater to the needs of ultra-high-net-worth clients of China via its regional wealth centers in Singapore and Hong Kong through its International Personal Bank and Citigroup’s Private Bank operations.Story continuesSigns of Recovery?Of late, the sentiment in the nation’s stock market has improved a bit since Beijing took measures to support the market and address the underlying economic issues. It has sought to put a floor under the share prices by pushing state-controlled funds to buy stocks, curbing short-selling and trading misbehaviors.While the stimulus might result in some growth in China’s economy, a full stock market recovery requires a more forceful response to the property crisis.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 reportJPMorgan Chase & Co. (JPM) : Free Stock Analysis ReportMorgan Stanley (MS) : Free Stock Analysis ReportCitigroup Inc. (C) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

JPMorgan (JPM) Remains Positive About Growth Potential in China

https://finance.yahoo.com/news/jpmorgan-jpm-remains-positive-growth-162800294.html

a92786b2-d87f-3485-9db8-f9a8685ad347

CAG

The latest trading session saw Conagra Brands (CAG) ending at $28.41, denoting a -0.25% adjustment from its last day's close. The stock's performance was behind the S&P 500's daily gain of 0.13%. Elsewhere, the Dow gained 0.13%, while the tech-heavy Nasdaq lost 0.32%.The company's stock has dropped by 3.16% in the past month, falling short of the Consumer Staples sector's gain of 2.56% and the S&P 500's gain of 2.99%.Investors will be eagerly watching for the performance of Conagra Brands in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.63, signifying a 17.11% drop compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $3.02 billion, showing a 2.3% drop compared to the year-ago quarter.Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.59 per share and revenue of $12.09 billion, indicating changes of -6.5% and -1.51%, respectively, compared to the previous year.Investors should also take note of any recent adjustments to analyst estimates for Conagra Brands. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been a 0.01% fall in the Zacks Consensus EPS estimate. As of now, Conagra Brands holds a Zacks Rank of #4 (Sell).Story continuesValuation is also important, so investors should note that Conagra Brands has a Forward P/E ratio of 10.98 right now. This signifies a discount in comparison to the average Forward P/E of 17.25 for its industry.It is also worth noting that CAG currently has a PEG ratio of 3.03. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Food - Miscellaneous industry held an average PEG ratio of 2.2.The Food - Miscellaneous industry is part of the Consumer Staples sector. Currently, this industry holds a Zacks Industry Rank of 151, positioning it in the bottom 41% of all 250+ industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.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 reportConagra Brands (CAG) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Conagra Brands (CAG) Stock Declines While Market Improves: Some Information for Investors

https://finance.yahoo.com/news/conagra-brands-cag-stock-declines-230011885.html

3f5ed658-dfd0-351c-b537-e400f9ff88c8

CAG

Major food companies are setting the table for investors.At the annual Consumer Analyst Group of New York (CAGNY) conference in Boca Raton, Fla., major packaged food brands with enticing dividend payouts such as PepsiCo (PEP), Coca-Cola (KO), Hershey's (HSY), Conagra Brands (CAG), and Molson Coors (TAP) presented updates to their businesses. Some even offered unexpected twists to their strategies.The overarching story from food companies centered on a return to normal. After a year of Ozempic fears settling in, a pullback in consumer spending amid higher prices, and a few lingering post-COVID supply chain issues, food execs were eager to move the narrative forward.Barring any further disruptions in 2024, one common theme from food companies was staying on track, Mizuho Securities managing director John Baumgartner told Yahoo Finance. "This is the first year now in probably three or four where you're sort of operating in normalized conditions. ... So I think [they have] a lot of hope that [they're] going to be in a stable environment."With the conference set to run through Friday, here are some other trends Yahoo Finance noticed on the ground.The Pop-Tarts mascot, Strawberry, poses for a photo before the Pop-Tarts Bowl on Thursday, Dec. 28, 2023, at Camping World Stadium, Orlando, Fla. (Peter Joneleit/Icon Sportswire via Getty Images) (Icon Sportswire via Getty Images)All eyes on volumeFood execs are focused on volume recovery, as Americans have scaled back how much they're buying because of high prices.Leaders at General Mills (GIS) and Conagra were "hesitant to comment on whether fiscal 2025 (beginning in June) could be a return to growth in line with long-term targets," Evercore ISI analyst David Palmer wrote in a note to clients from the event.Hershey and Mondelēz (MDLZ) called out "price pack architecture," which uses different sizes and price points, as a potential growth lever. "We've always capitalized on having different price points, different pack sizes, so that there's accessibility for everyone," Hershey CEO Michele Buck said to the crowd.Meanwhile, WK Kellogg Co is taking a different approach by providing value through nutrition, an idea that CEO Gary Pilnick believes will stick around.Story continues“We go through different business cycles, we go through different fads, different nutrition demands," Pilnick said. "There's something in [each of those trends] for cereal."Various types of Kellogg's cereals are pictured at a Ralphs grocery store in Pasadena, Calif., Aug. 3, 2015. (Mario Anzuoni/REUTERS) (REUTERS / Reuters)In the fourth quarter, WK Kellogg's revenue decreased by 2.7%, reflecting a 10% volume decline offset by price increases.Pilnick explained that affordable protein sources open up a new frontier for the cereal maker, which spun off from Kellogg’s snack business last year. In an interview with Yahoo Finance, he reiterated that cereal demand is "durable" as consumers’ preferences change.Pilnick added that a focus on nutrition also unlocks the premium market for WK Kellogg too, as shown by the company's Eat Your Mouth Off brand, the first cereal of its kind with 22 grams of plant-based protein and zero sugar.Innovating with new flavors, packaging, and marketingReimagining classics was another key strategy execs pointed to.They held up flavor innovation as one tactic. WK Kellogg's Pilnick said the company saw success bringing back customers with strawberry Frosted Flakes last year and the return of chocolate Frosted Flakes.J.M. Smucker Co.'s slide from its presentation at CAGNY 2024 teased a new flavor that will be added to the Uncrustables lineup in September. (Yahoo Finance)Meanwhile, J.M. Smucker (SJM) said it's adding raspberry Uncrustables to its lineup in September 2024 as it aims to deliver $800 million in net sales for its Uncrustables brand this fiscal year. The new flavor is part of a larger effort to lean into "a flavor for every day of the week."The company also announced its JIF peanut butter brand will launch a peanut butter and chocolate spread this summer. "Over 70% of peanut butter buyers are not purchasing a chocolate-flavor spread today, and we anticipate this innovation will be highly incremental to the brand," J.M. Smucker CEO Mark Smucker said.Packaging innovation offers another opportunity. PepsiCo chairman and CEO Ramon Laguarta said the company has invested in updating its packaging for “portion control” and “portability” as customers snack more throughout the day.PepsiCo chairman and CEO Ramon Luis Laguarta presents at CAGNY 2024. (Yahoo Finance)“We want to make sure that consumers can find us in many more occasions,” he said. Pepsi is also leaning into powders and tablets, “giving consumers the opportunity to find Gatorade or to use Gatorade in a much different way.”Food giants are also reengaging consumers through marketing campaigns with new partners.Hershey, for example, excited the CAGNY conference crowd by bringing in NBA legend Shaquille O'Neal to announce a partnership to “win” in the gummy segment, the fastest-growing sweets segment. Conagra Brands, meanwhile, shared that Dolly Parton's baking line is expanding into frozen shelves.Companies are looking for partnerships beyond grocery store shelves too. They're eager to tap into the market for dining away from home, which has seen prices continue to grow.For instance, did you know McCormick (MKC) launched a limited-time offering with McDonald's (MCD) in February for the McSpicy sandwich in the UK with Frank's RedHot sauce? Or that it teamed up with Wendy's (WEN) to launch a breakfast burrito served with Cholula hot sauce?“We're excited to continue to leverage our brands and our hot and spicy flavors to further penetrate menus and add the heat in away-from-home channels,” McCormick CFO Michael Smith said.The buzz around M&AWhile no major announcements were made, many companies teased that they're open to dealmaking but are waiting for the right company to come along.WK Kellogg's Pilnick said potential targets "would likely be [in the] center of the food business where our brands would resonate because you'd get cost synergies." However, he noted that WK Kellogg is not focused on M&A right now.Mondelēz CEO Dirk Van de Put gave investors insight into its M&A process. The company begins by building relationships with about 30 to 40 companies, most of which are family-owned, making gaining trust on both sides crucial."We can't forecast the timetable, but what I can say is that the pipeline is active," Van de Put said. Deals are getting “more expensive because there's more interest," he added. "We want to stay very disciplined."However, the next major food deal may not be a traditional acquisition.Mizuho's Baumgartner told Yahoo Finance that investors could see deals similar to Walmart's acquisition of Vizio, in which "food staples companies [acquire] differentiated tech companies" to gain a deeper understanding of consumers.—Brooke DiPalma is a senior reporter for Yahoo Finance. Follow her on Twitter at @BrookeDiPalma or email her at [email protected] the latest earnings reports and analysis, earnings whispers and expectations, and company earnings news, click hereRead the latest financial and business news from Yahoo Finance

Yahoo Finance

Food companies detail 3 big trends in packaged goods right now

https://finance.yahoo.com/news/food-companies-detail-3-big-trends-in-packaged-goods-right-now-184226912.html

71ffec86-ab06-412e-a006-2a7d90537490

CAG

CHICAGO, March 6, 2024 /PRNewswire/ -- Conagra Brands, Inc. (NYSE: CAG) will release its fiscal 2024 third quarter results on Thursday, April 4, 2024. A press release and supplemental materials, including pre-recorded remarks, will be issued that morning prior to a 30-minute live question-and-answer session with the investment community at 9:30 a.m. ET.Conagra Brands, Inc., headquartered in Chicago, is one of North America's leading branded food companies. (PRNewsfoto/Conagra Brands)The pre-recorded remarks, transcript, press release, presentation slides, and live audio Q&A can be accessed at conagrabrands.com/investor-relations under Events & Presentations. The live audio Q&A can also be accessed by dialing 1-877-883-0383 for participants in the U.S. and 1-412-902-6506 for all other participants using passcode 6964529. Please dial in 10 to 15 minutes prior to the call start time.About Conagra BrandsConagra Brands, Inc. (NYSE: CAG), headquartered in Chicago, is one of North America's leading branded food companies. Guided by an entrepreneurial spirit, Conagra Brands combines a rich heritage of making great food with a sharpened focus on innovation. The company's portfolio is evolving to satisfy people's changing food preferences. Conagra's iconic brands, such as Birds Eye®, Duncan Hines®, Healthy Choice®, Marie Callender's®, Reddi-wip®, and Slim Jim®, as well as emerging brands, including Angie's® BOOMCHICKAPOP®, Duke's®, Earth Balance®, Gardein®, and Frontera®, offer choices for every occasion. For more information, visit www.conagrabrands.com.For more information, please contact: MEDIA: [email protected] INVESTORS: [email protected] original content to download multimedia:https://www.prnewswire.com/news-releases/conagra-brands-to-release-fiscal-2024-third-quarter-earnings-on-april-4-2024-302080858.htmlSOURCE Conagra Brands, Inc.

PR Newswire

Conagra Brands to Release Fiscal 2024 Third Quarter Earnings on April 4, 2024

https://finance.yahoo.com/news/conagra-brands-release-fiscal-2024-123000483.html

a839e36d-b4d7-36cc-995d-caf91df1cd0c

CAG

Conagra Brands (CAG) ended the recent trading session at $28.53, demonstrating a +1.42% swing from the preceding day's closing price. The stock outpaced the S&P 500's daily loss of 0.11%. Elsewhere, the Dow gained 0.12%, while the tech-heavy Nasdaq lost 0.41%.The the stock of company has risen by 2.66% in the past month, leading the Consumer Staples sector's gain of 0.25% and undershooting the S&P 500's gain of 2.7%.The investment community will be closely monitoring the performance of Conagra Brands in its forthcoming earnings report. The company is scheduled to release its earnings on April 4, 2024. In that report, analysts expect Conagra Brands to post earnings of $0.63 per share. This would mark a year-over-year decline of 17.11%. Meanwhile, the latest consensus estimate predicts the revenue to be $3.02 billion, indicating a 2.3% decrease compared to the same quarter of the previous year.For the full year, the Zacks Consensus Estimates project earnings of $2.59 per share and a revenue of $12.09 billion, demonstrating changes of -6.5% and -1.51%, respectively, from the preceding year.Investors should also take note of any recent adjustments to analyst estimates for Conagra Brands. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Conagra Brands is currently sporting a Zacks Rank of #4 (Sell).Story continuesIn terms of valuation, Conagra Brands is currently trading at a Forward P/E ratio of 10.85. This valuation marks a discount compared to its industry's average Forward P/E of 17.03.It's also important to note that CAG currently trades at a PEG ratio of 2.99. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The average PEG ratio for the Food - Miscellaneous industry stood at 2.02 at the close of the market yesterday.The Food - Miscellaneous industry is part of the Consumer Staples sector. At present, this industry carries a Zacks Industry Rank of 149, placing it within the bottom 41% of over 250 industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.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 reportConagra Brands (CAG) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Conagra Brands (CAG) Advances While Market Declines: Some Information for Investors

https://finance.yahoo.com/news/conagra-brands-cag-advances-while-221520894.html

1f692243-eee3-352b-9b05-24b1159eb58f

CAH

Penumbra, Inc. PEN reported fourth-quarter 2023 adjusted earnings per share (“EPS”) of 76 cents, which beat the Zacks Consensus Estimate by 7%. The company had recorded an adjusted EPS of 16 cents in the year-ago period.GAAP EPS was $1.38 per share compared to 10 cents in the prior-year quarter.For the full year, adjusted earnings were $2.09 per share, compared to the year-ago period’s figure of 16 cents.Revenues in DetailPenumbra registered revenues of $284.7 million in the reported quarter, up 28.7% year over year on a reported basis and 27.9% at a constant exchange rate or CER. The figure missed the Zacks Consensus Estimate by 1%.Total revenues for 2023 were $1.06 billion, reflecting a 25% rise from the year-ago period.Quarter in DetailsThe company reports under two geographical segments — United States and International.In the fourth quarter of 2023, Penumbra made changes to its product revenue categories to provide investors with more meaningful information to understand the performance of its business and strategic direction. The Company will now report its product revenues in the following categories: Thrombectomy and Embolization and Access. The Company is also providing its neuro and vascular product revenue details for the last time.PEN recorded revenues of $203.7 million (71.5% of total revenues) in the United States, up 29.6% on a reported basis as well as at CER year over year.Sales improved 26.4% to $80.9 million in the International segment. Excluding foreign currency impact, the unit’s sales were up 23.5% year over year.The company registered revenues of $190.8 million from sales of Thrombectomy products, up 42.4% reportedly and 41.6% at CER from the prior-year level.Sales of Embolization and Access products totaled $93.9 million, up 7.6% on a reported basis and 6.7% at CER.The company registered revenues of $185.5 million from sales of vascular products, up 43.1% reportedly and 42.7% at CER from the prior-year level. There was 46.4% year-over-year growth in U.S. vascular thrombectomy.Story continuesSales of euro products totaled $99.2 million, up 8.3% on a reported basis and 6.9% at CER.Margin TrendIn the reported quarter, Penumbra’s gross profit improved 35.1% to $186.9 million. Gross margin expanded 311 basis points to 65.7% despite a 17.9% rise in the cost of revenues.Penumbra, Inc. Price, Consensus and EPS Surprise Penumbra, Inc. Price, Consensus and EPS SurprisePenumbra, Inc. price-consensus-eps-surprise-chart | Penumbra, Inc. Quote Selling, general and administrative expenses rose 12.4% to $130 million. Research and development expenses totaled $21.9 million, up 22.1% year over year. Total operating expenses came in at $151.9 million, up 13.7% year over year.Adjusted operating margin of 12.3% marked a 1011-basis point expansion from the prior-year quarter’s figure.Financial UpdatePenumbra exited 2023 with cash and cash equivalents and marketable investments of $167.5 million compared with $69.9 million at 2022-end.2024 GuidanceThe company projects total revenues for 2024 to be in the range of $1.23-$1.27 billion, suggesting year-over-year growth of 16-20% from 2023 levels. It also projects the U.S. thrombectomy franchise to increase 27-30% year over year, primarily driven by its Computer-Assisted Vacuum Thrombectomy (CAVT) products.Our TakePenumbra exited 2023 on a mixed note, with earnings beating estimates and revenues missing the same.The company’s vascular and neuro product categories showed encouraging growth trends.  U.S. thrombectomy was the company’s primary growth driver in the fourth quarter.Its robust estimate for 2023 revenues reflects continued demand for its products. Strong uptake following the launch of Lightning Flash, Lightning Bolt 7 and RED 72 with SENDit technology accelerated top-line growth. Moreover, Penumbra’s ability to improve margins and EPS amid ongoing inflationary pressures and supply-chain headwinds buoy optimism. However, escalating costs remain a concern.Zacks Rank and Stocks to ConsiderCurrently, Penumbra carries a Zacks Rank #3 (Hold).Some better-ranked stocks from the broader medical space are Stryker Corporation SYK, Cencora, Inc. COR and Cardinal Health CAH.Stryker, carrying a Zacks Rank #2 (Buy), reported a fourth-quarter 2023 adjusted EPS of $3.46, beating the Zacks Consensus Estimate by 5.8%. Revenues of $5.8 billion outpaced the consensus estimate by 3.8%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Stryker has an estimated earnings growth rate of 11.5% for 2025 compared with the S&P 500’s 9.9%. The company’s earnings surpassed estimates in each of the trailing four quarters, the average being 5.1%.Cencora, carrying a Zacks Rank #2, reported a first-quarter fiscal 2024 adjusted EPS of $3.28, which beat the Zacks Consensus Estimate by 14.7%. Revenues of $72.3 billion outpaced the Zacks Consensus Estimate by 5.1%.COR has an earnings yield of 5.75% compared with the industry’s 1.85%. The company’s earnings surpassed estimates in each of the trailing four quarters, the average being 6.7%.Cardinal Health reported second-quarter fiscal 2024 adjusted earnings of $1.82, which beat the Zacks Consensus Estimate by 16.7%. Revenues of $57.45 billion improved 11.6% on a year-over-year basis and also topped the Zacks Consensus Estimate by 1.1%.CAH has a long-term estimated earnings growth rate of 15.3% compared with the industry’s 11.8% growth. The company’s earnings surpassed estimates in each of the trailing four quarters, the average surprise being 15.6%.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 reportStryker Corporation (SYK) : Free Stock Analysis ReportCardinal Health, Inc. (CAH) : Free Stock Analysis ReportCencora, Inc. (COR) : Free Stock Analysis ReportPenumbra, Inc. (PEN) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Penumbra (PEN) Q4 Earnings Top Estimates, Margins Increase

https://finance.yahoo.com/news/penumbra-pen-q4-earnings-top-164200413.html

b8509a44-d5a5-311e-9259-f9f0d3b739bc

CAH

Edwards Lifesciences Corporation EW is gaining from its commitment to advance its leadership position in surgical structural heart therapies. The SAPIEN 3 Ultra RESILIA platform also continues its strong uptake in the United States.Elevated expenses and foreign exchange headwinds are a concern for EW’s business.In the past year, this Zacks Rank #2 (Buy) stock has gained 13.4% compared with 11.2% rise of the industry and 30.8% growth of the S&P 500 composite.The renowned global medical device company has a market capitalization of $52.75 billion. Edward Lifesciences’ earnings surpassed estimates in two of the trailing four quarters and broke even in two, delivering an average surprise of 0.80%.Let’s delve deeper.UpsidesSurgical Structural Heart, a Promising Business: The business pioneered the innovative RESILIA tissue, which is backed by more than 40 years of the company’s tissue technology leadership. The RESILIA portfolio has been widely adopted because of the excellent durability of its proven tissue technology. The company is firmly optimistic about the future of this technology as it continues to expand the body of RESILIA evidence. In the fourth quarter of 2023, the business benefitted from the strong global adoption of Edwards' premium RESILIA technology and overall procedural volumes. By the end of 2024, Edwards expects to treat half a million patients with the RESILIA-based heart valve.TAVR Holds Potential:  In the past few quarters, TAVR sales have been driven by the strong performance of the Edwards SAPIEN 3 Ultra valve in the United States, Europe and the Rest of the World, the Edwards SAPIEN 3 Ultra RESILIA valve in the United States and the Edwards SAPIEN 3 in Japan. The business closed the fourth quarter of 2023 with strong 12% year-over-year growth, driven by a broad portfolio of innovative therapies.Strong Solvency and Capital Structure: Edwards Lifesciences has a solid balance sheet position. As of the end of the fourth quarter of 2023, cash and cash equivalents (including short-term investments) totaled $1.64 billion, with no near-term debt payable. Long-term debt of $596.8 million remained almost in line with the reported figure at the end of 2022.Story continuesZacks Investment ResearchImage Source: Zacks Investment ResearchDuring the fourth quarter of 2023, the company repurchased 6.0 million shares through an accelerated repurchase agreement and a pre-established 10b5-1 plan. As of Dec 31, 2023, it has approximately $1 billion remaining under the current share repurchase authorization.DownsidesForeign Exchange Headwinds: Foreign exchange is a major headwind for Edwards Lifesciences due to a considerable percentage of its revenues coming from outside the United States (in 2023, 42% of the company’s net sales were derived from international regions). We remain worried about the significant challenges Edward Lifesciences had to face owing to the unfavorable impact of foreign currency that has been affecting the company’s gross margin in the past few quarters.Competitive Landscape: The medical technology industry is highly competitive, with the presence of several competent players. In TAVR, the company’s primary competitors include Medtronic, Abbott Laboratories and Boston Scientific Corporation. Within TMTT, apart from Abbott, there are a considerable number of large and small companies with development efforts in these fields.Estimate TrendThe Zacks Consensus Estimate for Edwards Lifesciences’ 2024 earnings per share (EPS) has moved down from $2.81 to $2.76 in the past 90 days.The Zacks Consensus Estimate for the company’s 2024 revenues is pegged at $6.52 billion. This suggests an 8.5% rise from the year-ago reported number.Key PicksSome better-ranked stocks from the broader medical space are Stryker Corporation SYK, Cencora, Inc. COR and Cardinal Health CAH.Stryker, carrying a Zacks Rank #2, reported a fourth-quarter 2023 adjusted EPS of $3.46, beating the Zacks Consensus Estimate by 5.8%. Revenues of $5.8 billion outpaced the consensus estimate by 3.8%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Stryker has an estimated earnings growth rate of 11.5% for 2025 compared with the S&P 500’s 9.9%. The company’s earnings surpassed estimates in each of the trailing four quarters, the average being 5.1%.Cencora, carrying a Zacks Rank #2, reported a first-quarter fiscal 2024 adjusted EPS of $3.28, which beat the Zacks Consensus Estimate by 14.7%. Revenues of $72.3 billion outpaced the Zacks Consensus Estimate by 5.1%.COR has an earnings yield of 5.75% compared with the industry’s 1.85%. The company’s earnings surpassed estimates in each of the trailing four quarters, the average being 6.7%.Cardinal Health, carrying a Zacks Rank #1, reported second-quarter fiscal 2024 adjusted earnings of $1.82, which beat the Zacks Consensus Estimate by 16.7%. Revenues of $57.45 billion improved 11.6% on a year-over-year basis and also topped the Zacks Consensus Estimate by 1.1%.CAH has a long-term estimated earnings growth rate of 15.3% compared with the industry’s 11.8% growth. The company’s earnings surpassed estimates in each of the trailing four quarters, the average surprise being 15.6%.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 reportStryker Corporation (SYK) : Free Stock Analysis ReportCardinal Health, Inc. (CAH) : Free Stock Analysis ReportEdwards Lifesciences Corporation (EW) : Free Stock Analysis ReportCencora, Inc. (COR) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Here's Why You Should Buy Edward Lifesciences (EW) Stock Now

https://finance.yahoo.com/news/heres-why-buy-edward-lifesciences-165400930.html

7a5b7e47-30e8-3dec-84e7-e4dda947b86e

CAH

Thermo Fisher Scientific TMO announced the launch of a new CorEvitas syndicated clinical registry in generalized pustular psoriasis (GPP). The new registry, which is open to enrollment, is CorEvitas’ 10th syndicated disease registry and addresses an unmet need for real-world evidence related to the clinical and patient-reported outcomes of patients with GPP.For investors’ note, Thermo Fisher’s August 2021 acquisition of CorEvitas has expanded the company’s Laboratory Products and Biopharma Services segment with highly complementary real-world evidence solutions to improve decision-making and reduce the time and cost of drug development. The recent development comes as a strong boost for the PPD clinical research business within this division.News in DetailThe rare GPP disease affects an estimated one out of every 10,000 people in the United States, with most studies showing that it affects more women than men. It is characterized by the sudden widespread eruption of rash and sterile pustules, with or without systemic inflammation, recurring from once a year to more than three times a year. These flares are often accompanied by severe complications, which can be life-threatening if left untreated.Zacks Investment ResearchImage Source: Zacks Investment ResearchResearchers and healthcare professionals have made significant progress with the therapy and control of comorbidities of GPP and look forward to making further advances as they continue to learn about this devastating disease. The new CorEvitas clinical registry will prospectively collect detailed patient-level data, enabling assessment of the natural history of the disease and treatment patterns, along with the prevalence and incidence of comorbidities in patients with the disease.Granular, longitudinal outcome measures will be collected during registry visits, some of which include clinician-reported GPP outcomes, lab measures and treatment history, as well as patient-reported outcomes assessing symptom impact and quality of life. Drug safety data will also be collected, including serious adverse events and other adverse events of special interest.Story continuesIndustry ProspectsAccording to a research report, the global real-world evidence solutions market is expected to be worth $2 billion in 2024 and is likely to witness a CAGR of 16.5% in the 2024-2029 period.Progress in the Laboratory Products and Biopharma Services DivisionLast month, the company’s PPD business expanded its portfolio of services at its good manufacturing practices (GMP) lab in Middleton, WI, with the addition of mycoplasma and additional biosafety testing capabilities. The new service ensures biopharmaceutical products are free of contaminants, helping customers deliver safe medicines for patients.In January 2024, the company received GMP approval from the Italian Medicines Agency for its manufacturing facility of RNA-based products in Monza, Italy. The approval and associated certification support increased accessibility to novel therapies for patients with difficult-to-treat conditions, marking a significant achievement within the Thermo Fisher Scientific network and for Italy as a whole.Price PerformanceIn the past six months, TMO shares have gained 17% compared with the industry’s rise of 14.9%.Zacks Rank and Key PicksThermo Fisher currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the broader medical space are Cardinal Health CAH, Stryker SYK and DaVita DVA. While Stryker carries a Zacks Rank #2 (Buy) at present, Cardinal Health and DaVita sport a Zacks Rank #1 (Strong Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.Cardinal Health’s stock has gained 64.2% in the past year. Earnings estimates for Cardinal Health have risen from $7.12 to $7.28 in fiscal 2024 and from $7.91 to $8.03 in fiscal 2025 in the past 30 days.CAH’s earnings beat estimates in each of the trailing four quarters, delivering an average surprise of 15.6%. In the last reported quarter, it posted an earnings surprise of 16.67%.Estimates for Stryker’s 2024 earnings per share have increased from $11.84 to $11.86 in the past 30 days. Shares of the company have moved 34.2% upward in the past year compared with the industry’s rise of 11.3%.SYK’s earnings surpassed estimates in each of the trailing four quarters, the average surprise being 5.09%. In the last reported quarter, it delivered an average earnings surprise of 5.81%.Estimates for DaVita’s 2024 earnings per share have moved from $8.46 to $8.97 in the past 30 days. Shares of the company have gained 80.1% in the past year compared with the industry’s 27.1% rise.DVA’s earnings surpassed estimates in each of the trailing four quarters, the average surprise being 35.57%. In the last reported quarter, it delivered an average earnings surprise of 22.22%.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 reportStryker Corporation (SYK) : Free Stock Analysis ReportDaVita Inc. (DVA) : Free Stock Analysis ReportThermo Fisher Scientific Inc. (TMO) : Free Stock Analysis ReportCardinal Health, Inc. (CAH) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Thermo Fisher (TMO) Unveils CorEvitas Clinical Registry in GPP

https://finance.yahoo.com/news/thermo-fisher-tmo-unveils-corevitas-142000638.html

b0e3dafd-1c31-3088-9683-0f2bf644dd04

CAH

GE HealthCare Technologies Inc. GEHC announced the publication of data that depicts its artificial intelligence (AI) models’ ability to accurately predict patient responses to immunotherapies.The study collected clinical data to accurately predict the effectiveness and toxicity of cancer immunotherapy. A pan-cancer sample's data revealed that the company’s AI models' accuracy ranged from 70% to 80%.Price PerformanceIn the past six months, GEHC shares have grown 40.9% compared with the industry’s rise of 12.4%. The S&P 500 has gained 13.1% in the same time frame. Zacks Investment ResearchImage Source: Zacks Investment Research More on GE Healthcare AI ModelsPer the press release, this is the first effort to create AI models that can evaluate immunotherapy's risks and benefits using only routinely gathered electronic health record (EHR) data. The fact that inputs like diagnosis codes and medication are easily obtainable in patients' medical records is one of the main benefits of the models employed in this study.From the manually gathered data, only two characteristics were selected — the number of past immune checkpoint inhibitor medications and the smoking status. Clinicians can easily obtain and include these new features in the model.GE HealthCare and Vanderbilt University Medical Center (“VUMC”) retrospectively examined and correlated the immunotherapy responses for thousands of VUMC cancer patients to create the models. They made use of de-identified genetic, cellular, proteomic, tumor, genomic and imaging data from patients.GE HealthCare instructed its models to forecast the chance of a particular patient experiencing an adverse response and the efficacy outcomes. This information might facilitate clinicians in choosing the best treatment plan quickly. It might also help avoid needless side effects and expenses.Benefits of AI IntegrationGE HealthCare is launching products and solutions that actively use the power and capabilities of AI to deliver precision care, which aids clinicians in optimizing care with ease and efficiency.Story continuesThe company’s LOGIQ portfolio’s innovative new features and advanced AI tools are designed to address the evolving requirements of healthcare providers with easy imaging, efficient workflow and Verisound digital and AI solutions, including reporting, fleet management, AI and collaboration tools.GE HealthCare’s focus on innovation is likely to be the key driver in boosting its business. The company’s LOGIQ ultrasound portfolio, are likely to strengthen the company’s capabilities in advancing AI tools and boost its ultrasound business.GE HealthCare plans to commercialize the models once it secures regulatory authorization. Potential fields include clinical decision support and drug development. Because of the models' numerous input characteristics, the business expects to be widely adopted and deployed.Industry ProspectsPer a report by MarketsandMarkets, the global AI in healthcare market size is valued at $20.9 billion in 2024 and is expected to reach $148.4 billion by 2029 at a growth rate of 48.1%.Growth of AI in the healthcare market is driven by the generation of large and complex healthcare datasets, the pressing need to reduce healthcare costs, improving computing power and declining hardware costs, and the rising number of partnerships among different domains in the healthcare sector.Given the market potential of AI in healthcare, GE Healthcare’s AI models are likely to boost its business and increase revenues.Notable DevelopmentsGE Healthcare recently entered a strategic care alliance with OSF HealthCare and Pointcore to help increase clinical and operational efficiencies, standardize care delivery models, and improve patient outcomes across OSF HealthCare. The tie-up is expected to leverage GE HealthCare’s innovative technology and Pointcore’s experience in managing non-clinical matters for hospitals and clinics.The company announced its collaboration with MedQuest Associates to boost multi-site outpatient imaging networks. As a result of this three-year collaboration, GE Healthcare, with its innovative technologies, along with MedQuest’s outpatient imaging facilities, is set to optimize imaging solutions and support Theranostics.GE HealthCare Technologies Inc. Price GE HealthCare Technologies Inc. PriceGE HealthCare Technologies Inc. price | GE HealthCare Technologies Inc. QuoteZacks Rank & Stocks to ConsiderGEHC carries a Zacks Rank #3 (Hold) at present.Some other top-ranked stocks in the broader medical space are DaVita Inc. DVA, Cardinal Health, Inc. CAH and Cencora, Inc. COR.DaVita, sporting a Zacks Rank #1 (Strong Buy), has an estimated long-term growth rate of 12.1%. DVA’s earnings surpassed estimates in each of the trailing four quarters, with the average surprise being 35.6%. You can see the complete list of today’s Zacks #1 Rank stocks here.DaVita’s shares have gained 58.3% compared with the industry’s 18.9% rise in the past year.Cardinal Health, flaunting a Zacks Rank of 1 at present, has an estimated long-term growth rate of 14.2%. CAH’s earnings surpassed estimates in each of the trailing four quarters, with the average being 15.6%.Cardinal Health has gained 51.9% compared with the industry’s 3.2% rise in the past year.Cencora, carrying a Zacks Rank of 2 at present, has an estimated long-term growth rate of 9.8%. COR’s earnings surpassed estimates in each of the trailing four quarters, with the average surprise being 6.7%.Cencora’s shares have rallied 51.5% compared with the industry’s 3.6% rise in the past year.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportDaVita Inc. (DVA) : Free Stock Analysis ReportCardinal Health, Inc. (CAH) : Free Stock Analysis ReportCencora, Inc. (COR) : Free Stock Analysis ReportGE HealthCare Technologies Inc. (GEHC) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

GE HealthCare (GEHC) AI Model to Predict Immunotherapy Response

https://finance.yahoo.com/news/ge-healthcare-gehc-ai-model-163300301.html

8237232b-ea0e-3be0-865b-da5ec78c2d36

CARR

The Zacks Electronics – Miscellaneous Products industry has been suffering from challenging macroeconomic conditions, high levels of inventories with distributors, and steep interest rates. The global economic turmoil is expected to keep the semiconductor capex under check, which does not bode well for industry participants in the near term. However, players like KLA KLAC, Carrier Global CARR and Trimble TRMB are benefiting from higher spending on advanced technologies, including augmented reality (AR) and virtual reality (VR). Continuing investments in data centers, high-performance computing and 5G end markets are the key catalysts. Fab (foundry) expansion in the United States, South Korea, Taiwan and China, as well as higher spending on memory equipment, is expected to drive growth in 2024 and beyond. Easing supply-chain constraints are also benefiting industry participants.Industry DescriptionThe Zacks Electronics – Miscellaneous Products industry includes a number of original equipment manufacturers of air-conditioning systems, green energy solutions, remote-control systems, GPS navigation, home automation systems, healthcare devices, industry/factory automation, robotics, semiconductor and optical applications, and energy management solutions. The industry is evolving on digital transformation and the growing demand for silicon across multiple markets. The increasing cost of manufacturing bodes well for equipment suppliers, while the growing demand for silicon is a positive for semiconductor companies. Apart from the United States, companies in this industry are based in Japan, Germany, the Netherlands and Switzerland. These companies either have manufacturing operations in China and South-East Asia or generate significant revenues from these regions.3 Trends Shaping the Future of the IndustrySolid Capital Spending Drives Prospects: Technology transitions are driving product complexities, which are raising the demand for solutions provided by industry participants. Increasing investment in expanding manufacturing capacity by semiconductor companies is a key catalyst in the long run (irrespective of the near-term hiccups due to the challenging macroeconomic conditions). Since semiconductor companies are the major customers of miscellaneous electronics product manufacturers, the trend bodes well for industry participants. In addition, rising spending on advanced nodes — 7 nm, 5 nm and 3 nm processes from logic and foundry customers — favors industry participants. Notably, logic and foundry spending is anticipated to be healthy this year.Emerging Markets of Wearables, AR & VR Drive Growth: Industry participants are riding on strong demand for wearables and AR and VR-supported display systems in defense, industrial, consumer applications and healthcare end markets. The adoption of AR and VR is increasing due to the growing proliferation of the metaverse.Challenging Macroeconomic Condition is a Headwind: Industry participants are suffering from a challenging macroeconomic condition globally, with enterprises showing reluctance in committing to multi-year deals. Raging inflation and unfavorable forex trends do not bode well for industry participants.Story continuesZacks Industry Rank The Zacks Electronics – Miscellaneous Products industry is housed within the broader Zacks Computer and Technology sector. It carries a Zacks Industry Rank #215, which places it in the bottom 14% of more than 250 Zacks industries.The group’s Zacks Industry Rank, which is the average of the Zacks Rank of all member stocks, indicates bearish near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than two to one.The industry’s positioning in the bottom 50% of the Zacks-ranked industries is a result of the negative earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are pessimistic about this group’s earnings growth potential. Since Feb 28, 2023, earnings estimates for the industry for the current year have moved south by 24.4%.Given the lackluster prospects, there are a limited number of stocks worth watching in the industry. But before we present a few of those stocks, let’s take a look at the industry’s recent stock-market performance and valuation picture.Industry Lags S&P 500, Broader SectorThe Zacks Electronics – Miscellaneous Products industry has underperformed the S&P 500 Index and the broader Zacks Computer & Technology sector in the past year.The industry has returned 17.8% during this period compared with the S&P 500 composite’s growth of 22% and the broader sector’s return of 43.8%.One-Year Price PerformanceIndustry's Current Valuation On the basis of the forward 12-month P/E, which is a commonly used multiple for valuing Electronics-Miscellaneous products companies, we see that the industry is currently trading at 17.86X compared with the S&P 500’s 20.56X and the sector’s forward-12-month P/E of 26.22X.Over the last five years, the industry traded as high as 20.82X and as low as 11.05X, with the median being 15.38X, as the charts below show.Forward 12-Month Price-to-Earnings (P/E) Ratio       Stocks to Watch Right NowKLA: This Zacks Rank #3 (Hold) company is benefiting from strong performance of the wafer inspection business, owing to rising demand for advanced wafer inspection applications in leading-edge technology development. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. The San Jose, CA-based company is benefiting from growing investments across multiple nodes and rising capital intensity in Foundry & Logic.The Zacks Consensus Estimate for fiscal 2024 has decreased 2% to $22.88 per share over the past 30 days. KLA shares have jumped 66.4% in the past year.Price and Consensus: KLAC Carrier Global: This Palm Beach Gardens, FL-based company’s prospects benefit from secular trends around sustainability and healthy buildings. The increasing adoption of its intelligent climate and energy solutions is aiding top-line growth.Carrier expects Viessmann Climate Solution sales to be up mid-single digits from the 2023-end figure of roughly $4.2 billion, with high teens adjusted EBITDA margins. It expects significant revenue synergy from the acquisition and second-half 2024 to be more productive compared with the first half due to lower orders in Europe.CARR shares have gained 21.6% in the past year. The Zacks Consensus Estimate for this Zacks Rank #3 company’s 2024 earnings has decreased 1.7% to $2.83 per share over the past 30 days.Price and Consensus: CARR  Trimble: This Zacks Rank #3 company is benefiting from strength across buildings and infrastructure, and transportation segments. Bookings in AECO software businesses increased more than 30% year over year, driven in part by the strong cross-sell and TC1 performance in fourth-quarter 2024.Strong momentum in the transportation segment driven by organic growth in Enterprise and MAPS is a positive. Transporeon reported record bookings in the recently concluded fourth quarter.TRMB shares have gained 5.9% in the past year. The consensus mark for Trimble’s 2024 earnings has declined 0.7% to $2.69 per share over the past 30 days.Price and Consensus: TRMB 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 reportKLA Corporation (KLAC) : Free Stock Analysis ReportTrimble Inc. (TRMB) : Free Stock Analysis ReportCarrier Global Corporation (CARR) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

3 Electronics Stocks to Watch From a Challenging Industry

https://finance.yahoo.com/news/3-electronics-stocks-watch-challenging-133700443.html

3288037d-2825-3e45-b991-eded07d39fd9

CARR

Agreement includes development of a cutting-edge manufacturing and R&D center expected to create more than 5,000 local jobs.RIYADH, Saudi Arabia, Feb. 20, 2024 /PRNewswire/ -- Alat (Alat), a PIF company, and Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, today announced their commitment to build a cutting-edge manufacturing and R&D facility in Saudi Arabia that will deliver advanced heating, ventilation and air conditioning (HVAC) solutions. The partnership will serve customers in the Kingdom, and its visionary Giga projects, such as NEOM, as well as ensure broader regional – and even global – distribution. Alat was established on February 1, 2023, by His Royal Highness Prince Mohammed bin Salman Abdulaziz Al Saud, Crown Prince and Prime Minister, Chairman of the Board of Directors of Alat.The agreement will leverage Alat's financial strengths and Carrier's technology and manufacturing capabilities to develop made-in-Saudi Arabia intelligent climate solutions, marking the first phase of the partnership with Alat. These offerings will address the continued growth of the HVAC industry in the Middle East and North Africa (MENA) region, which is expected to become a US$10 billion addressable market by 2030 – and a US$334 billion market globally by 2030 – driven by secular trends including urbanization, sustainability and energy solutions, and digital transformation. This market will also provide scale to develop products, such as solutions for district cooling and heating, which could be used globally.Amit Midha, Chief Executive Officer at Alat, said: "We are proud to partner with a global leader in intelligent climate and energy solutions, and bring to the Kingdom expertise and innovation in this field. We see Carrier as a long-term partner in our Smart Buildings line of business, which is solely focused on solutions that integrate innovation, sustainability, and efficiency for buildings. Carrier's commitment to sustainability makes them the natural partner for Alat."Story continues"Carrier has long had a presence in Saudi Arabia and we see significant growth opportunities in the region. This partnership is the start of a longer-term partnership to co-develop innovative solutions that will redefine intelligent climate and energy solutions for the Middle East and beyond," said Carrier Chairman & CEO David Gitlin. "The Kingdom's vision for a more energy efficient, environmentally responsible tomorrow is well aligned with Carrier's goals and makes this partnership a winning combination. We are excited about the future and look forward to collaborating with Alat as we further build on our long presence in this important region. Since 1987, Carrier has been actively engaged in the Saudi market through a successful joint venture with EA Juffali and Brothers, a prominent group in the Kingdom. Carrier remains committed to this longstanding and valuable partnership."Carrier and Alat plan to break ground later this year on an advanced sustainable manufacturing and R&D facility in the Kingdom that will provide high-volume, high-tech, energy-efficient HVAC products including variable refrigerant flow (VRF), air-cooled chillers, air handling units (AHUs) and rooftop units for MENA markets, supported by local supply chain. R&D will focus on developing breakthrough technologies to meet region-specific requirements, such as high ambient temperature and natural/Low GWP refrigerant HVAC systems, both of which can also be exported globally. As many as 5,000 jobs are expected to be created locally to support the project.With access to over 2 billion consumers, Saudi Arabia's location is not only at the center of the Gulf, but also at the heart of major trade routes crossing Europe, the Middle East and Asia, where Saudi Arabia is forging a new economic partnership with the recently formed India Middle East Europe Corridor (IMEC). The Kingdom is accelerating the adoption of the Fourth Industrial Revolution applications, enhancing supply chain and logistics. While the number of factories in Saudi Arabia has increased by 50% in the last year, with over 10,000 industrial facilities, the Kingdom expects to host 32,000 manufacturing facilities by 2035.About Carrier Carrier Global Corporation, global leader in intelligent climate and energy solutions, is committed to creating solutions that matter for people and our planet for generations to come. From the beginning, we've led in inventing new technologies and entirely new industries. Today, we continue to lead because we have a world-class, diverse workforce that puts the customer at the center of everything we do. For more information, visit corporate.carrier.com or follow Carrier on social media at @Carrier.About Alat Alat is a company focused on transforming global industries (electronics and industrials) and creating a world class manufacturing hub in the Kingdom of Saudi Arabia powered by clean energy to build a better tomorrow. Alat will deliver sustainable manufacturing to help global companies reduce their emissions and move towards carbon zero manufacturing.Alat, a PIF company, is an essential enabler of the Vision 2030 goals for economic diversification, industrial development, innovation, and job creation. Alat's primary goal is to ensure that global companies set up sustainable manufacturing solutions in the Kingdom of Saudi Arabia, benefitting from abundant green energy resources, the country's unique geolocation and its investments in technology. Initially its key strategic business areas will be semiconductors, smart devices, smart buildings, smart appliances, smart health, advanced industrials and next gen infrastructure technologies.  For more information visit www.alat.com ©Alat, Tomorrow Made Better.Contact:  Jason [email protected]: +1 561-542-0207Karim [email protected]    Tel: +966 550076173 CisionView original content:https://www.prnewswire.com/news-releases/alat-and-carrier-partner-to-advance-climate-and-energy-solutions-in-the-kingdom-of-saudi-arabia-302066753.htmlSOURCE Carrier Global Corporation

PR Newswire

Alat and Carrier Partner to Advance Climate and Energy Solutions in the Kingdom of Saudi Arabia

https://finance.yahoo.com/news/alat-carrier-partner-advance-climate-012200134.html

c4671600-41cd-3d07-99cf-79484cc7ed39

CARR

It has been about a month since the last earnings report for Carrier Global (CARR). Shares have added about 7.2% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Carrier Global due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.Carrier Q4 Earnings Beat Estimates, Revenues In LineCarrier Global reported fourth-quarter 2023 adjusted earnings of 53 cents per share, which surpassed the Zacks Consensus Estimate by 3.92%. The figure increased 32.5% year over year.Net sales of $5.10 billion missed the Zacks Consensus Estimate by 2.82% but remained unchanged year over year.Product sales (87% of net sales) of $4.44 billion decreased 1.9% year over year. Service sales (13% of net sales) of $661 million were up 14.4% year over year.Quarter DetailsHVAC revenues of $3.29 billion accounted for 64.5% of net sales. The figure lagged the Zacks Consensus Estimate by 5.33% and declined 0.7% year over year.Refrigeration revenues of $1.02 billion were up 8.6% year over year and accounted for 20.1% of net sales. The figure missed the consensus mark by 6.94%.Fire & Security revenues of $909 million were down 5.3% year over year and contributed 17.8% of net sales. The reported figure lagged the consensus mark by 0.3%.Research & development (R&D) expenses increased 14.1% year over year to $170 million. As a percentage of revenues, R&D expenses declined 10 basis points (bps) year over year.Selling, general & administrative (SG&A) expenses grew 42.8% year over year to $961 million. As a percentage of revenues, SG&A expenses increased 570 bps year over year.Adjusted operating margin expanded 130 bps on a year-over-year basis to 12.4%.Adjusted operating margin of the HVAC segment expanded 250 bps year over year to 12.1%.The Refrigeration segment reported an adjusted operating margin of 10.5%, which contracted 150 bps year over year.Fire & Security’s adjusted operating margin was 14.2%, which contracted 30 bps year over year.Story continuesBalance SheetAs of Dec 31, 2023, Carrier had cash and cash equivalents of $10.02 billion compared with $3.9 billion as of Sep 30, 2023.Total debt (including the current portion) as of Dec 31, 2023, was $14.29 billion compared with $8.79 billion as of Sep 30, 2023.In the reported quarter, Carrier generated $1.06 million in cash from operations, up from $1.04 billion in the prior quarter.Capital expenditure was $233 million in the fourth quarter of 2023. Free cash flow was $829 million for the reported quarter.GuidanceFor 2024, Carrier expects sales of more than $26.5 billion. The adjusted operating margin is expected between 15% and 15.5%.CARR anticipates adjusted earnings between $2.80 per share and $2.90 per share.The company expects a free cash flow of roughly $0.7 billion.How Have Estimates Been Moving Since Then?It turns out, fresh estimates have trended downward during the past month.VGM ScoresAt this time, Carrier Global has a strong Growth Score of A, though it is lagging a bit on the Momentum Score front with a B. Charting a somewhat similar path, the stock was allocated a grade of C on the value side, putting it in the middle 20% for this investment strategy.Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Carrier Global has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.Performance of an Industry PlayerCarrier Global belongs to the Zacks Electronics - Miscellaneous Products industry. Another stock from the same industry, KLA (KLAC), has gained 17.5% over the past month. More than a month has passed since the company reported results for the quarter ended December 2023.KLA reported revenues of $2.49 billion in the last reported quarter, representing a year-over-year change of -16.7%. EPS of $6.16 for the same period compares with $7.38 a year ago.KLA is expected to post earnings of $5.26 per share for the current quarter, representing a year-over-year change of -4.2%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for KLA. Also, the stock has a VGM Score of F.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 reportCarrier Global Corporation (CARR) : Free Stock Analysis ReportKLA Corporation (KLAC) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Carrier Global (CARR) Up 7.2% Since Last Earnings Report: Can It Continue?

https://finance.yahoo.com/news/carrier-global-carr-7-2-163109308.html

81294f36-9dae-3bb8-ab59-e559e9d89245

CARR

PALM BEACH GARDENS, Fla., March 11, 2024 /PRNewswire/ -- Carrier Global Corporation (NYSE: CARR) Senior Vice President & Chief Financial Officer Patrick Goris will speak at the Bank of America Global Industrials Conference in London on Thursday, March 21, 2024 at 4:40 a.m. ET.(PRNewsfoto/Carrier)The event will be broadcast live at ir.carrier.com. A webcast replay will be available on the website following the event.About Carrier  Carrier Global Corporation, global leader in intelligent climate and energy solutions, is committed to creating solutions that matter for people and our planet for generations to come. From the beginning, we've led in inventing new technologies and entirely new industries. Today, we continue to lead because we have a world-class, diverse workforce that puts the customer at the center of everything we do. For more information, visit corporate.carrier.com or follow Carrier on social media at @Carrier.CARR-IRContact: Media InquiriesAshley [email protected] Investor RelationsSam [email protected] CisionView original content to download multimedia:https://www.prnewswire.com/news-releases/carrier-to-present-at-the-bank-of-america-global-industrials-conference-302085731.htmlSOURCE Carrier Global Corporation

PR Newswire

Carrier to Present at the Bank of America Global Industrials Conference

https://finance.yahoo.com/news/carrier-present-bank-america-global-201500353.html

7d774f26-dcfe-39be-aa51-4690ab9d7f31

CAT

In this article, we will take a detailed look at the 10 Best Stocks to Buy Before US Election Season 2024. For a quick overview of such stocks, read our article 5 Best Stocks to Buy Before US Election Season 2024.As if anticipation of rate cuts, the Fed's battle against inflation and keeping up with AI-fueled rally in stocks wasn’t enough for investors, the upcoming election-related anxieties are starting to make the financial markets jittery. There are a number of credible reports out there that discuss the behavior of financial markets during US election years. For example, a Morgan Stanley report analyzed some data to see how the S&P 500 performs during election years. This analysis shows that during presidential election years from 1928 through 2016, the stock market has seen more positive performance than negative. The report also said the election of a Republican president resulted in average gains of 15.3% for the S&P 500, compared to a 7.6% gain when a Democrat president comes in the White House.A 2020 report by T. Rowe Price analyzed historical data on the connection between US elections and the stock market and found some interesting patterns. For example, the report said if the stock market performance is strong ahead of elections in the US, data shows that chances of the incumbent party staying in power increase. On the other hand, when the stock market is soft heading into elections, incumbent party often loses. But does that mean President Joe Biden could notch a second term if the Fed begins to cut rates in the summer and stocks keep gaining ahead of the election? That would be wrong conclusion to deduce from this pattern as the T. Rowe report shed light on a plethora of factors that affect the relationship between the stock market performance and election results. The report also said historical data shows if the incumbent party loses an election, a recession year follows:Story continues"Conventional wisdom argues that stock markets tend to perform poorly ahead of elections. Since 70% of the years when the incumbent party lost were followed by a recession year, it makes sense that equity markets performed poorly in the wake of the elections when the incumbent party lost."If you were to ask an average American today about the hottest issues that would be the point of focus in the US election this year, chances are that their answer would be inflation. But we are still months away from the election and a lot could change. Morgan Stanley analyst Michael D. Zezas recently said in a report that in 2008 expectations were that the elections would move around the US foreign policy. But the financial crisis changed everything. Similarly, presidential candidates in the US election 2020 focused their energies on healthcare and pandemic.Best Stocks to Buy Before US Election Season 2024Photo by History in HD on UnsplashMethodology For this article we went through multiple research reports and analyses of experts who took a look at what stocks and sectors usually benefit during election years. We picked 10 stocks which analysts are specifically recommending investors in 2024 because of election-related catalysts. Some top names include JPMorgan Chase & Co. (NYSE:JPM), Exxon Mobil Corp (NYSE:XOM) and  Pfizer Inc (NYSE:PFE).10. Sempra (NYSE:SRE)Number of Hedge Fund Investors: 33Goldman Sachs in its November 2023 report highlighting election 2024 stocks named Sempra (NYSE:SRE), the California-based utility company which has a dividend yield of about 3.38%. Goldman Sachs analyst Carly Davenport said the following about Sempra (NYSE:SRE):“This quarter increased our conviction that Sempra (NYSE:SRE)’s Texas utility Oncor is a material strength for the company. The reduction of regulatory lag, potential increase in capex, and a clear runway for organic load growth in the region all highlight why we have viewed Oncor as an underappreciated asset for Sempra (NYSE:SRE). We believe SRE has several key catalysts ahead, including the aforementioned capex raise, the conclusion of the California GRC (general rate case), and the announcement of FID for the Cameron expansion and Port Arthur Phase 2 in 2024. Sempra (NYSE:SRE) continues to trade at a 0.7x discount to our coverage group on our 2025 numbers, which we view as unwarranted given these strengths."ClearBridge Large Cap Value Strategy made the following comment about Sempra (NYSE:SRE) in its Q3 2023 investor letter:“Our two utilities Sempra (NYSE:SRE) and Edison International were also negatively impacted by rising rates, although both outperformed the utility benchmark. We maintain a large active overweight to Sempra and added opportunistically to Edison to reflect its strong fundamentals.”9. Fox Corp Class B (NASDAQ:FOX)Number of Hedge Fund Investors: 38Fox Corp Class B (NASDAQ:FOX) will be one of the biggest beneficiaries of the huge political ad spending in the US ahead of the 2024 elections. A latest Reuters report cited data from Insider Intelligence which said political ads spending in 2024 will be 30% more than 2020. The data said a whopping 71.9% of this total spending will be funneled to TV.Earlier this month Fox Corp Class B (NASDAQ:FOX) posted fiscal second quarter results. Adjusted EPS in the period came in at $0.34, beating estimates by $0.22. Revenue in the period fell 8.2% year over year to $4.23 billion, beating estimates by $20 million.Fox Corp Class B (NASDAQ:FOX) management talked about its expectations regarding political ads revenue and other important updates during the earnings call earlier this month:"We have an impact from preemptions with election and unfortunately with war coverage. So the preemptions are affecting and ratings are continuing to improve. So we’re happy with where we are at Fox News as all those trends are improving steadily. Local stations is probably the most mixed. But you have a bad comparison, particularly in the current pacings with Super Bowl comps this time last year. It’s probably about $50 million in Super Bowl revenue, just in the station group this time last year.So the comparisons are quite tough as we go forward, but we remain confident that we’ll see a record political cycle. This is slightly ameliorated, I think in the current quarter with the lack of a competitive primary competition, but we’re already seeing business in the first half of next year start to flow in from a political perspective. And it’s — obviously, it’s sort of natural because our stations, we have large number of stations in key political markets like Georgia and Michigan, Pennsylvania, Arizona and Wisconsin. So we’re very confident in a very strong political cycle once that really starts to flow. And then finally with Tubi. Tubi’s TBT is continued to grow, I think at 62%, 63%. And obviously with the TBT growth, the revenue is following, the revenue growth is slightly less or somewhat less than it was last year."Read the entire earnings call transcript here.8. Caterpillar Inc. (NYSE:CAT)Number of Hedge Fund Investors: 48Caterpillar Inc. (NYSE:CAT) was one of the biggest beneficiaries of the huge infrastructure spending plans initiated by the Biden administration. Goldman Sachs believes if the Republicans come into power, infrastructure stocks like Caterpillar Inc. (NYSE:CAT) will continue to grow as the new government will begin constructions on borders to stop illegal immigrants.Earlier this month, Caterpillar Inc. (NYSE:CAT) posted fourth quarter results. Adjusted profit jumped 35% from a year earlier to $5.23 a share, surpassing estimates of a $4.75 per share profit.In addition to Caterpillar, hedge funds are also buying JPMorgan Chase & Co. (NYSE:JPM), Exxon Mobil Corp (NYSE:XOM) and  Pfizer Inc (NYSE:PFE).Diamond Hill Large Cap Strategy made the following comment about Caterpillar Inc. (NYSE:CAT) in its Q3 2023 investor letter:“Caterpillar Inc. (NYSE:CAT), the world’s leading manufacturer of construction and mining equipment, also performed well this quarter. Caterpillar has managed to leverage increased capital investment from various end markets, contributing to better than expected fiscal results for Q2. The company is poised to be one of the largest beneficiaries of several government funding initiatives, including the IRA (Inflation Reduction Act) bill, CHIPS Act and infrastructure bill. These measures are expected to support construction spending for several years, providing a robust backdrop for Caterpillar’s continued growth.”7. MONDELEZ INTERNATIONAL INC Common Stock (NASDAQ:MDLZ)Number of Hedge Fund Investors: 51In November 2023 Goldman Sachs published a report discussing the US election and its possible impact on the stock market. Goldman Sachs mentioned a couple of stocks it believes were poised to gain strength during the election years. MONDELEZ INTERNATIONAL INC Common Stock (NASDAQ:MDLZ) was one of these stocks. Goldman Sachs said consumer defensive is one of the sectors that perform well during election years.Goldman Sachs analyst Jason English praised MONDELEZ INTERNATIONAL INC Common Stock's (NASDAQ:MDLZ) spending in commercial and business expansion in other countries. The analyst set an $82 price target on the stock with a Buy rating.6. Lockheed Martin Corp (NYSE:LMT)Number of Hedge Fund Investors: 58Defense stocks will remain in the spotlight amid growing security concerns and a volatile geopolitical situation. The conflict in the Middle East and raging war in Ukraine will keep forcing the US to up its defense spending no matter the outcome of the Presidential Election in 2024.A latest report by Reuters recently said that Lockheed Martin Corp (NYSE:LMT) plans to boost output of weapons systems to meet greater demand amid growing worries about security. The report said Lockheed Martin Corp (NYSE:LMT) plans to double its production of High Mobility Artillery Rocket Systems (HIMARS).In addition to Lockheed, JPMorgan Chase & Co. (NYSE:JPM), Exxon Mobil Corp (NYSE:XOM) and  Pfizer Inc (NYSE:PFE) can also gain this year according to analysts.RiverPark Advisors made the following comment about Lockheed Martin Corporation (NYSE:LMT) in its Q3 2023 investor letter:“Lockheed Martin Corporation (NYSE:LMT): LMT is the world’s largest aerospace and defense contractor. With about 70% of its $66 billion in revenue from the U.S. government, the company is well positioned to benefit from U.S. defense budget growth, historically 5%-6% per year, as well as increased global military spending. With a $158 billion backlog and almost 30% of its revenue coming from building F-35 aircraft with deliveries forecast to reach 180 per year (up from 141 in 2022) in the coming years, we believe the company could grow at a higher rate than overall defense budget growth and Street expectations over the next several years. Further, strategic acquisitions, debt repayment, a 2.9% dividend yield, and continued share buybacks from more than $6 billion per year of free cash flow should lead to even greater shareholder returns. We re-initiated a small position in August.” Click to continue reading and see the 5 Best Stocks to Buy Before US Election Season 2024. Suggested Articles:11 Best Battery Stocks To Buy Before They Take Off12 Best Breakout Stocks To Buy Right Now14 Best Robotics Stocks To Buy NowDisclosure: None. 10 Best Stocks to Buy Before US Election Season 2024 is originally published on Insider Monkey.

Insider Monkey

10 Best Stocks to Buy Before US Election Season 2024

https://finance.yahoo.com/news/10-best-stocks-buy-us-193229916.html

9d2c3400-3c48-3736-8930-781fc50265d7

CAT

David Maclennan, a director at Caterpillar Inc (NYSE:CAT), has recently increased his stake in the company. According to a SEC Filing, the insider acquired 350 shares of the company on February 23, 2024.Warning! GuruFocus has detected 3 Warning Sign with BSVN.Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. The company operates through various segments, including Construction Industries, Resource Industries, Energy & Transportation, and Financial Products. Caterpillar is known for its extensive range of heavy machinery and is a key player in several infrastructure and development sectors.Insider buying and selling activities are closely monitored by investors as they can provide insights into a company's internal perspective. An insider purchase can indicate confidence in the company's future prospects or undervaluation, while insider sales might suggest the opposite. However, these transactions should be considered as part of a broader investment context.Over the past year, David Maclennan has purchased a total of 350 shares and has not sold any shares of Caterpillar Inc.The insider transaction history for Caterpillar Inc shows a pattern of 1 insider buy and 11 insider sells over the past year.Director David Maclennan Purchases Shares of Caterpillar IncOn the day of the insider's recent purchase, shares of Caterpillar Inc were trading at $323.37, resulting in a market cap of $162.487 billion.The price-earnings ratio of Caterpillar Inc stands at 16.16, which is above the industry median of 14.86 but below the company's historical median price-earnings ratio.With the current share price of $323.37 and a GuruFocus Value of $295.98, Caterpillar Inc has a price-to-GF-Value ratio of 1.09, indicating that the stock is Fairly Valued according to the GF Value metric.Director David Maclennan Purchases Shares of Caterpillar IncThe GF Value is a proprietary intrinsic value estimate from GuruFocus, which is calculated based on historical trading multiples, a GuruFocus adjustment factor related to past performance, and future business performance estimates provided by Morningstar analysts.This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.This article first appeared on GuruFocus.

GuruFocus.com

Director David Maclennan Purchases Shares of Caterpillar Inc

https://finance.yahoo.com/news/director-david-maclennan-purchases-shares-031842257.html

9428308d-8d5f-3b61-925b-27028fd310ed

CAT

Caterpillar (CAT) closed the latest trading day at $340.22, indicating a +1.37% change from the previous session's end. The stock outperformed the S&P 500, which registered a daily gain of 1.03%. Elsewhere, the Dow gained 0.34%, while the tech-heavy Nasdaq added 1.51%.The construction equipment company's shares have seen an increase of 3.72% over the last month, not keeping up with the Industrial Products sector's gain of 5.61% and outstripping the S&P 500's gain of 3.21%.The upcoming earnings release of Caterpillar will be of great interest to investors. It is anticipated that the company will report an EPS of $5.08, marking a 3.46% rise compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $15.97 billion, up 0.69% from the year-ago period.Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $21.24 per share and revenue of $67.51 billion. These totals would mark changes of +0.14% and +0.68%, respectively, from last year.Any recent changes to analyst estimates for Caterpillar should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 3.03% upward. Caterpillar currently has a Zacks Rank of #3 (Hold).Story continuesValuation is also important, so investors should note that Caterpillar has a Forward P/E ratio of 15.8 right now. This signifies a premium in comparison to the average Forward P/E of 10.81 for its industry.We can additionally observe that CAT currently boasts a PEG ratio of 1.6. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Manufacturing - Construction and Mining stocks are, on average, holding a PEG ratio of 1 based on yesterday's closing prices.The Manufacturing - Construction and Mining industry is part of the Industrial Products sector. With its current Zacks Industry Rank of 46, this industry ranks in the top 19% of all industries, numbering over 250.The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.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 reportCaterpillar Inc. (CAT) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Caterpillar (CAT) Beats Stock Market Upswing: What Investors Need to Know

https://finance.yahoo.com/news/caterpillar-cat-beats-stock-market-224517366.html

c7ad0494-3905-3f63-abe8-0a091b4c1c95

CAT

Do billionaires like dividend stocks? Absolutely. Just take a look at the holdings of famous billionaire investors such as Warren Buffett and Ken Griffin. They're loaded with dividend stocks.Bill Gates stands out as another great example. Although he doesn't manage a public company or hedge fund like Buffett and Griffin do, he's donated a boatload of money to the Bill & Melinda Gates Foundation Trust. And over half of this charitable foundation's $42 billion portfolio is invested in these three dividend stocks.1. MicrosoftIt should come as no surprise that Microsoft (NASDAQ: MSFT) remains Gates' favorite stock. After all, he co-founded the technology company along with Paul Allen and led it for years. Microsoft ranks as the top holding for the Gates Foundation Trust by far, making up 33.98% of its total portfolio at the end of 2023.Many tech companies don't pay dividends, but Microsoft is an exception. The company initiated a dividend program in 2003. Over the last 10 years, Microsoft has increased its dividend payout by nearly 168%. Its dividend yield, though, is still only 0.74%.One key reason why the yield is so low is that Microsoft's share price has soared. The stock has been a 10-bagger over the last 10 years and is up almost 60% over the last 12 months.2. Canadian National RailwayThe Gates Foundation isn't just betting on tech stocks such as Microsoft. Canadian National Railway (NYSE: CNI) ranks as its third-largest holding, making up nearly 16.3% of the total portfolio.Canadian National Railway isn't limited to just Canada. It has 20,000 or so miles of rail that transport products in the middle part of the U.S. as well. The company also offers transportation and logistics services in addition to rail operations.The transportation company has increased its dividend for 28 consecutive years, most recently boosting its dividend payout by 7% in the first quarter of 2024. Its dividend yield currently stands at 1.94%.Story continues3. CaterpillarCaterpillar (NYSE: CAT) is the fifth-largest position for the Gates Foundation. It makes up 5.14% of the total portfolio. That brings the combined weight of these three dividend stocks to 55.41%.The Gates Foundation has owned Caterpillar since the fourth quarter of 2005. However, the last time it added shares of the equipment manufacturer was back in the fourth quarter of 2013. The most recent transaction involving Caterpillar came in 2022 Q1, with the sale of roughly 24% of the foundation's stake in the company.Caterpillar has generated nice dividend income for the Gates Foundation through the years. The company has paid a dividend every quarter since 1933 and has increased its payout for 29 consecutive years. Its dividend now yields 1.55%.Are Bill Gates' top dividend stocks smart picks for other investors?It isn't a good idea to buy any stock just because a billionaire investor owns it. For one thing, the factors at play when the billionaire first bought the stock could have changed over time.My view is that income investors can find plenty of other stocks that offer more attractive dividends than Microsoft, Canadian National Railways, and Caterpillar. Value investors can find better choices as well.Are any of these stocks good picks for growth-oriented investors? We can cross Canadian National Railways and Caterpillar off the list. Microsoft, however, should have tremendous growth prospects thanks largely to the rising adoption of generative AI. Its shares have a lot of growth baked in, though, with a forward earnings multiple of over 31x. Still, I think Microsoft is still worthy of consideration for long-term growth investors.Should you invest $1,000 in Caterpillar right now?Before you buy stock in Caterpillar, consider this:The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Caterpillar wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.See the 10 stocks*Stock Advisor returns as of March 8, 2024Keith Speights has positions in Microsoft. The Motley Fool has positions in and recommends Microsoft. The Motley Fool recommends Canadian National Railway and recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.Billionaire Bill Gates Has Over Half of His $42 Billion Portfolio Invested in These 3 Dividend Stocks was originally published by The Motley Fool

Motley Fool

Billionaire Bill Gates Has Over Half of His $42 Billion Portfolio Invested in These 3 Dividend Stocks

https://finance.yahoo.com/news/billionaire-bill-gates-over-half-185000568.html

4b8aa913-d016-384f-9899-c644866a2edc

CB

In this article, we will list the 30 cheapest places to visit in the world. If you want to skip our discussion about the tourism industry, head over to the 11 Cheapest Places to Visit in the World. The global tourism market is expected to grow at a healthy compounding annual growth rate of 5% for the ongoing forecast period of 2022 to 2032. It was valued at $10.5 trillion in 2022 and is expected to reach $17.1 trillion by 2032. One of the major drivers of growth for the tourism industry is the exploration of newer places.While the US and European countries are traditionally the most popular tourist destinations, lesser-known African, Asian, and South American countries have recently emerged as places with great tourism potential. These places are also budget-friendly, as you will find most of them on our list of the 30 cheapest places to visit in the world. In addition, new trends such as adventure tourism and art tourism are also boosting the market growth. The adoption of tourism websites throughout the world is also becoming a commonplace trend. With a plethora of online resources available, people are finding it easier to travel. In addition, Asia, Africa, and South America are finding a huge boost in their cultural and pilgrimage tourism sectors. At the same time, tourism is likely to be negatively affected by geopolitical tensions and diseases. The Russian invasion of Ukraine and the Israel-Hamas conflict can have geopolitical effects on other countries too. Similarly, the advent of Covid 19 had previously negatively affected tourism. Diseases such as SARS, EBOLA, and COVID-19 can also negatively affect the tourism industry. Despite the rise of newer locations for travel and tourism, the United States remains one of the major players in the market. The country is one of the most popular tourist destinations, and Americans are among the top spenders in the tourism industry. In December 2023, foreign visitors spent $19.5 billion in the United States. This figure was a 22% increase from December 2022 and was the highest level of monthly spending since December 2019, just before the Covid lockdowns. Story continuesAmericans also contribute significantly to the tourism industry around the world. US citizens traveling internationally spent a total of $18.9 billion in December 2023. However, it is worth noting that the United States tourism industry was still at a trade surplus of $544 million in December 2023. This was the sixth consecutive month that the United States maintained a trade surplus in the tourism industry. The tourism industry is complemented by the global tourism insurance industry, the market of which is growing rapidly. The global tourism insurance market is expected to achieve a CAGR of 15.4% during the forecast period of 2021 to 2030. It was valued at $17.8 billion in 2021 and is expected to reach $63.9 billion in 2030. Some of the best companies in travel insurance include Chubb Limited (NYSE:CB) and Sun Life Financial, Inc. (NYSE:SLF)Chubb Limited (NYSE:CB) is one of the top financial services companies. It operates in the general and travel insurance sectors of the industry. Recently, Chubb Limited (NYSE:CB) announced the launch of a new developer portal that will offer B2B2C partners access to digital insurance products and services.Sun Life Financial, Inc. (NYSE:SLF) is part of our 15 best travel insurance companies list. It is one of the leading financial services companies, specializing in insurance, investment, financial advice, and asset management. Sun Life Financial, Inc. (NYSE:SLF) is ranked among the best travel insurance companies and has business all over the world. With that backdrop, let's look at the 30 cheapest places to visit in the world. 30 Cheapest Places To Visit In The WorldLeonid Andronov/Shutterstock.comMethodology To curate our list of the 30 cheapest places to visit in the world, we started off by making a list of budget-friendly countries. Then, for each country, we noted its busiest airports since flights to these airports would be the cheapest. Then, we checked the cheapest return fares from John F Kennedy Airport (one of the busiest airports in the US) to the busiest airports in the countries using Google Flights. For our research, we assumed that it would be a one-week trip for two people. Then, for each country, we checked the Budget Your Trip website for an average cost of a one-week vacation for two people, including hotel accommodation and travel within the country. Finally, we totaled all the costs and selected the 30 cheapest destinations. By the way, Insider Monkey is an investing website that tracks the movements of corporate insiders and hedge funds. By using a similar consensus approach we identify the best stock picks of more than 900 hedge funds investing in US stocks. The top 10 consensus stock picks of hedge funds outperformed the S&P 500 Index by more than 140 percentage points over the last 10 years (see the details here). Whether you are a beginner investor or a professional looking for the best stocks to buy you can benefit from the wisdom of hedge funds and corporate insiders.30 - MalaysiaCheapest Return Airfare for 2 People - $2802Average Cost of One Week Trip for 2 People - $1136Total Cost for 2 People - $3218Malaysia is 30th on our list of the cheapest places to visit in the world. Some of the popular places to see in the country are the iconic Petronas Twiin Tower and Baltu caves in Kuala Lumpur. In addition, you can marvel at the UNESCO World Heritage Site of George Town. 29 - South AfricaCheapest Return Airfare for 2 People - $1992Average Cost of One Week Trip for 2 People - $1219Total Cost for 2 People - $3211South Africa is one of the most budget-friendly places to travel to. It offers a unique mix of historical landmarks, such as Constitution Hill and Mandela Square, and panoramic views offered by Table Mountain. 28 - UruguayCheapest Return Airfare for 2 People - $1982Average Cost of One Week Trip for 2 People - $1112Total Cost for 2 People - $3094Uruguay is 27th on our list of the cheapest places to visit in the world. Its capital city, Montevideo, is known for its blend of modernity and historical charm, offering affordable living costs and cultural experiences. 27 - NepalCheapest Return Airfare for 2 People - $2550Average Cost of One Week Trip for 2 People - $527Total Cost for 2 People - $3077Apart from being one of the most budget-friendly places, Nepal is also quite unique. The country is famous for its trekking routes, including the Annapurna Circuit Trek and the Everest Base Camp Trek. 26 - Sri LankaCheapest Return Airfare for 2 People - $2326Average Cost of One Week Trip for 2 People - $685Total Cost for 2 People - $3011Sri Lanka offers a variety of experiences to travelers on a budget. On average, you can expect to spend $44 on transportation, food, and activities per day. The country offers hiking treks Temples and Monasteries. 25 - MexicoCheapest Return Airfare for 2 People - $1092Average Cost of One Week Trip for 2 People - $1786Total Cost for 2 People - $2878Mexico is 25th on our list of the 30 cheapest places to visit in the world. It caters to people of various tastes and interests, including museums, clubs and bars, and beaches. 24 - Czech RepublicCheapest Return Airfare for 2 People - $1274Average Cost of One Week Trip for 2 People - $1547Total Cost for 2 People - $2821The Czech Republic is one of the most budget-friendly places in Europe. Its capital, Prague, is famous for its historic sites and picturesque landscapes. In addition, the country offers a multitude of cultural experiences such as theater opera, and concerts. 23 - LatviaCheapest Return Airfare for 2 People - $1070Average Cost of One Week Trip for 2 People - $1715Total Cost for 2 People - $2785Latvia is known for its beer gardens where travelers can indulge in traditional Latvian beer at affordable prices. The country offers a host of affordable attractions such as medieval castles and beaches. 22 - North MacedoniaCheapest Return Airfare for 2 People - $1324Average Cost of One Week Trip for 2 People - $1400Total Cost for 2 People - $2724North Macedonia is one of the most underrated and budget-friendly travel destinations. Its Matka Canyon offers breathtaking scenery and opportunities for hiking and picnicking. 21 - BrazilCheapest Return Airfare for 2 People - $1500Average Cost of One Week Trip for 2 People - $1220Total Cost for 2 People - $2720Brazil is 21st on our list of the 30 cheapest places to visit in the world. It offers a wide range of budget-friendly activities and experiences, such as Iguazu Falls and Christ the Redeemer statue atop Corcovado mountain in Rio de Janeiro.20 - IndonesiaCheapest Return Airfare for 2 People - $1822Average Cost of One Week Trip for 2 People - $836Total Cost for 2 People - $2658Indonesia is one of the cheapest places to visit. Despite the excessive return airfare charges, the cheap local prices make it extremely easy on the pocket. The country is home to some of the best public and cultural parks in the world. Its city Bali is a popular tourist attraction and houses the Sacred Monkey Forest Sanctuary and the Tegalalang Rice Terrace. 19 - CroatiaCheapest Return Airfare for 2 People - $1160Average Cost of One Week Trip for 2 People - $1468Total Cost for 2 People - $2628Croatia offers a host of activities and experiences on a limited budget. Some of these activities, such as hiking the Marjan hill, can be done without any cost. 18 - EstoniaCheapest Return Airfare for 2 People - $1070Average Cost of One Week Trip for 2 People - $1538Total Cost for 2 People - $2608Estonia is 18th on our list of the cheapest places to visit in the world. A mid-range budget for the trip to Estonia can cost €50 to €75 per day for one person. 17 - PhilippinesCheapest Return Airfare for 2 People - $1604Average Cost of One Week Trip for 2 People - $944Total Cost for 2 People - $2548The Philippines is a popular tourist destination and one of the cheapest places to visit in the world. The country is home to some of the most beautiful beaches and has diverse islands. 16 - Costa RicaCheapest Return Airfare for 2 People - $866Average Cost of One Week Trip for 2 People - $1643Total Cost for 2 People - $2509Costa Rica is one of the most biodiverse places in the world. Despite covering only 0.03% of the globe, Costa Rica boasts 5% of the world's biodiversity and dedicates 26% of its land to conservation and protected areas.15 - AlbaniaCheapest Return Airfare for 2 People - $1400Average Cost of One Week Trip for 2 People - $1090Total Cost for 2 People - $2490Albania is 15th on our list of the 30 cheapest places to visit in the world. It is a heaven for mountain lovers as about three-fourths of Albania's territory consists of mountains and hills with elevations of more than 650 feet above sea level.14 - IndiaCheapest Return Airfare for 2 People - $1932Average Cost of One Week Trip for 2 People - $552Total Cost for 2 People - $2484India is one of the cheapest places to visit in the world. The exorbitant price of airfare is offset by the extremely low local prices. The country is home to some of the world's most iconic sites such as the Taj Mahal. 13 - LithuaniaCheapest Return Airfare for 2 People - $1072Average Cost of One Week Trip for 2 People - $1388Total Cost for 2 People - $2460Lithuania is 13th on our list of the cheapest places to visit in the world. The Old Town of Vilnius is renowned for its cobbled streets and Baroque architecture. 12 - HungaryCheapest Return Airfare for 2 People - $1238Average Cost of One Week Trip for 2 People - $1185Total Cost for 2 People - $2423Hungary is 12th on our list of the cheapest places to visit in the world. It offers a wealth of travel-friendly experiences for those seeking adventure, culture, and relaxation. The country houses UNESCO World Heritage sites of Buda Castle and Fisherman's Bastion in Budapest. In addition, it is known for its thermal baths. Click to continue reading and see 11 Cheapest Places To Visit In The World. Suggested articles: 16 Safe and Affordable Cities in South America for Expats12 Safest Places to Retire in Mexico25 Cheap Safe English Speaking Countries For AmericansDisclosure: none. 30 Cheapest Places To Visit In The World is originally published on Insider Monkey.

Insider Monkey

30 Cheapest Places To Visit In The World

https://finance.yahoo.com/news/30-cheapest-places-visit-world-192810348.html

003656e4-4513-334c-ab60-227d756bdf83

CB

Chubb (NYSE:CB) Full Year 2023 ResultsKey Financial ResultsRevenue: US$49.7b (up 16% from FY 2022).Net income: US$9.03b (up 72% from FY 2022).Profit margin: 18% (up from 12% in FY 2022). The increase in margin was driven by higher revenue.EPS: US$21.97 (up from US$12.50 in FY 2022).earnings-and-revenue-growthAll figures shown in the chart above are for the trailing 12 month (TTM) periodChubb Revenues and Earnings Beat ExpectationsRevenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 13%.Looking ahead, revenue is expected to decline by 1.7% p.a. on average during the next 3 years, while revenues in the Insurance industry in the US are expected to grow by 5.8%.Performance of the American Insurance industry.The company's shares are up 2.0% from a week ago.Risk AnalysisWe don't want to rain on the parade too much, but we did also find 1 warning sign for Chubb that you need to be mindful of.Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Simply Wall St.

Chubb Full Year 2023 Earnings: Beats Expectations

https://finance.yahoo.com/news/chubb-full-2023-earnings-beats-114157716.html

23dd6d38-01d7-3d3f-b0c0-916ece70b510

CB

For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Chubb (CB) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question.Chubb is a member of our Finance group, which includes 856 different companies and currently sits at #5 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Chubb is currently sporting a Zacks Rank of #2 (Buy).Within the past quarter, the Zacks Consensus Estimate for CB's full-year earnings has moved 2.7% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.Based on the most recent data, CB has returned 10.1% so far this year. In comparison, Finance companies have returned an average of 5.7%. As we can see, Chubb is performing better than its sector in the calendar year.One other Finance stock that has outperformed the sector so far this year is AllianceBernstein (AB). The stock is up 9.6% year-to-date.Over the past three months, AllianceBernstein's consensus EPS estimate for the current year has increased 9.1%. The stock currently has a Zacks Rank #2 (Buy).Breaking things down more, Chubb is a member of the Insurance - Property and Casualty industry, which includes 37 individual companies and currently sits at #34 in the Zacks Industry Rank. On average, stocks in this group have gained 12.8% this year, meaning that CB is slightly underperforming its industry in terms of year-to-date returns.Story continuesOn the other hand, AllianceBernstein belongs to the Financial - Investment Management industry. This 39-stock industry is currently ranked #25. The industry has moved +9.2% year to date.Chubb and AllianceBernstein could continue their solid performance, so investors interested in Finance stocks should continue to pay close attention to these stocks.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 reportChubb Limited (CB) : Free Stock Analysis ReportAllianceBernstein Holding L.P. (AB) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Is Chubb Limited (CB) Outperforming Other Finance Stocks This Year?

https://finance.yahoo.com/news/chubb-limited-cb-outperforming-other-144013712.html

5ca6da00-1d6e-3a09-8706-d0b4d51a7036

CB

For Immediate ReleaseChicago, IL – March 11, 2024 – Today, Zacks Equity Research discusses Berkshire Hathaway Inc.(BRK.B), The Progressive Corp. PGR, Chubb Limited CB, The Travelers Companies TRV and AXIS Capital Holdings AXS.Industry: Property & Casualty InsuranceLink: https://www.zacks.com/commentary/2237817/5-property-casualty-insurers-to-buy-as-pricing-improvesThe Zacks Property and Casualty Insurance (P&C) industry is likely to benefit from better pricing, prudent underwriting and exposure growth. Industry players like Berkshire Hathaway Inc., The Progressive Corp., Chubb Limited, The Travelers Companies and AXIS Capital Holdings are poised to grow despite a rise in catastrophic activities. Given an active catastrophe environment, the policy renewal rate should accelerate. Also, the increasing adoption of technology and the emergence of insurtech will help the industry players function smoothly.Though the industry is witnessing an increase in premium pricing, the magnitude has decreased in the last 12 quarters. Nonetheless, an improvement in surplus and accelerated economic activities set the stage for a better M&A environment. Per a report in Carrier Management, AM Best expects profitable commercial lines and improving personal lines, coupled with higher investment returns on increased yields and strong cash flow, to drive the industry's performance in 2024.About the IndustryThe Zacks Property and Casualty Insurance industry comprises companies that provide commercial and personal property insurance, and casualty insurance products and services. Such insurance helps to safeguard property in case of any natural or man-made disasters. Liability coverages are also provided by some industry players. The insurance coverage offered also includes automobiles, professional risk, marine, excess casualty, aviation, personal accident, commercial multi-peril, and professional indemnity and surety.Story continuesPremiums are the primary source of revenues. Better pricing and increased exposure drive premiums. These companies invest a portion of premiums to meet their commitments to policyholders. The Fed made four hikes in 2023, taking the tally to 11 since March 2022. An improving rate environment is a boon for insurers, especially long-tail insurers.4 Trends Shaping the Future of the Property and Casualty Insurance IndustryImproved pricing to help navigate claims: Catastrophes are a concern for insurers due to the high degree of losses incurred. Insurers implement price hikes to ensure uninterrupted claims payment. Global commercial insurance prices rose for 25 straight quarters, per Marsh Global Insurance Market Index. Better pricing will help insurers write higher premiums and address claims payment prudently.Per Fitch Ratings, personal auto is likely to deliver better performance in 2024. This, coupled with better investment results and lower claims, should fuel insurers' performance per Fitch Ratings. Per Deloitte Insights, gross premiums are estimated to increase sixfold to $722 billion by 2030. Analysts at Swiss Re Institute predict premiums to grow 5.5% in 2024.Catastrophe loss induces volatility in underwriting profits: The P&C insurance industry is susceptible to catastrophe events, which drag down underwriting profits. Per reports in Aon, total economic losses were $380 billion in 2023, while insured losses were $118 million. According to AM Best, total net underwriting loss was $38 billion in 2023, a 10-year high, largely attributable to weather-related losses, high inflation as well as reinsurance pricing pressure.The combined ratio was 103.7 for the same time frame per the credit rating giant, to which catastrophe losses added 780 basis points. The credit rating giant also estimates cat loss to contribute 680 basis points to the expected combined ratio of 100.7 in 2024. Underwriting losses are expected to be primarily due to soft performance in personal lines, which are expected to witness higher catastrophe losses per Insurance Information Institute and Milliman.However, exposure growth, better pricing, prudent underwriting and favorable reserve development will help withstand the blow. Also, frequent occurrences of natural disasters should accelerate the policy renewal rate.Merger and acquisitions: Consolidation in the property and casualty industry is likely to continue as players look to diversify their operations into new business lines and geography. Buying businesses along the same lines will also continue as players look to gain market share and grow in their niche areas. With a sturdy capital level, the industry is witnessing a number of mergers, acquisitions and consolidations. Deloitte estimates more mergers and acquisitions in the reinsurance space in 2024.Increased adoption of technology: The industry is witnessing increased use of technology like blockchain, artificial intelligence, advanced analytics, telematics, cloud computing and robotic process automation that expedite business operations and save costs. The industry has also witnessed the emergence of insurtech — technology-led insurers — which creates competition for incumbent players. Insurers continue to invest heavily in technology to improve scale and efficiencies. However, with insurtechs using the latest technologies and concepts that the incumbents are just beginning to experiment with, there remains a huge market risk. The use of technology also poses cyber threats.Zacks Industry Rank Indicates Bright ProspectsThe group's Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates rosy prospects in the near term. The Zacks Property and Casualty Insurance industry, which is housed within the broader Zacks Finance sector, currently carries a Zacks Industry Rank #34, which places it in the top 13% of more than 250 Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1.The industry's positioning in the top 50% of the Zacks-ranked industries is a result of a positive earnings outlook for the constituent companies in aggregate. Earnings estimates have increased 0.8% in a year.Before we present a few property and casualty stocks that you may want to consider for your portfolio, let's take a look at the industry's recent stock-market performance and valuation picture.Industry Outperforms S&P 500 and SectorThe Property and Casualty Insurance industry has outperformed both the Zacks S&P 500 composite as well as its sector over the past year. The stocks in this industry have collectively risen 26.6% in a year compared with the Finance sector and the Zacks S&P 500 composite's increases of 17.1% and 25.7%, respectively.Current ValuationOn the basis of the trailing 12-month price-to-book (P/B), which is commonly used for valuing insurance stocks, the industry is currently trading at 1.44X compared with the S&P 500's 6.25X and the sector's 3.51X.Over the past five years, the industry has traded as high as 1.55X, as low as 0.97X and at the median of 1.39X.5 Property and Casualty Insurance Stocks to Add to Your PortfolioWe are recommending two Zacks Rank #1 (Strong Buy) stocks and three Zacks Rank #2 (Buy) stocks from the P&C Insurance industry. You can see the complete list of today's Zacks #1 Rank stocks here.The Progressive Corporation: Based in Mayfield Village, OH, Progressive is one of the major auto insurers in the country. Better pricing, a compelling portfolio, leadership position, strength in Vehicle and Property businesses, healthy policies in force, retention and solid capital position poise this Zacks Rank #1 insurer well for growth.The Zacks Consensus Estimate for PGR's 2024 and 2025 earnings suggests 50.7% and 14.1%, year-over-year growth respectively. The consensus estimate for 2024 and 2025 has moved up 4.1% and 0.3%, respectively, in the past seven days. The expected long-term earnings growth rate is pegged at 21.7%, better than the industry average of 11.9%.AXIS Capital Holdings Ltd.: Bermuda-based AXIS Capital provides a broad range of specialty insurance and reinsurance solutions on a worldwide basis. Its compelling and diversified product portfolio, underwriting excellence, digital capabilities and solid capital position poise this Zacks Rank #1 insurer well for growth. This insurer boasts one of the highest dividend yields among its peers and has raised its dividend for 18 consecutive years.The Zacks Consensus Estimate for AXIS Capital's 2024 and 2025 earnings suggests 3.1% and 10.1% respective year-over-year growth. The consensus estimate for 2024 and 2025 has moved up 0.1% and 10.9%, respectively, in the past 30 days. AXIS Capital's earnings surpassed estimates in each of the last four quarters, the average surprise being 102.57%. The expected long-term earnings growth rate is pegged at 5%.Berkshire Hathaway: Omaha, NE-based Berkshire Hathaway owns more than 90 subsidiaries in insurance, railroads, utilities, manufacturing services, retail and homebuilding. BRK.B is one of the largest property and casualty insurance companies measured by premium volume. BRK.B, carrying a Zacks Rank #2, should continue to benefit from its growing Insurance business as well as Manufacturing, Service and Retailing, and Finance and Financial Products segments. Continued insurance business growth fuels an increase in float, drives earnings and generates maximum return on equity. With Warren Buffett at its helm, Berkshire continues to create tremendous value for shareholders.The Zacks Consensus Estimate for 2024 and 2025 bottom line suggests a year-over-year increase of 7.7% and 15.3%, respectively. The consensus estimate for 2024 has moved up 1.8% in the past 30 days. The expected long-term earnings growth rate is 7%.The Travelers Companies: Based in New York, this Zacks Rank #2 insurer provides a wide variety of property and casualty insurance and surety products and services to businesses, organizations and individuals in the United States. and select international markets. Strong renewal rate change, retention, increase in new business supported by a compelling portfolio and a solid capital position poise TRV well for growth. The company raised its dividend for the 19th consecutive year at a compound annual growth rate of 8% over that period.The Zacks Consensus Estimate for 2024 and 2025 earnings has moved 0.4% and 0.1% north respectively in the past 30 days. The consensus estimate for 2024 and 2025 earnings indicates a year-over-year improvement of 34.7% and 13.8%, respectively. The expected long-term earnings growth rate is 11.5%.Chubb: Based in Zurich, Switzerland, Chubb is one of the world's largest providers of P&C insurance and reinsurance. It has diversified through acquisitions into many specialty lines and also provides specialized insurance products. This Zacks Rank #2 insurer is poised to benefit from its focus on capitalizing on the potential of middle-market businesses and strategic initiatives, which pave the way for long-term growth. Chubb has hiked dividends for the last 30 straight years.The Zacks Consensus Estimate for 2025 bottom line has moved 3 cents north in the past 30 days. The Zacks Consensus Estimate for 2025 earnings indicates an improvement of 10.5% year over year. The expected long-term earnings growth rate is 10%.Why Haven't You Looked at Zacks' Top Stocks? Since 2000, our top stock-picking strategies have blown away the S&P's +7.0 average gain per year. Amazingly, they soared with average gains of +44.9%, +48.4% and +55.2% per year.Today you can access their live picks without cost or obligation.See Stocks Free >>Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch/Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.Media ContactZacks Investment Research800-767-3771 ext. [email protected]://www.zacks.comPast performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance  for information about the performance numbers displayed in this press release.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 reportThe Travelers Companies, Inc. (TRV) : Free Stock Analysis ReportChubb Limited (CB) : Free Stock Analysis ReportBerkshire Hathaway Inc. (BRK.B) : Free Stock Analysis ReportAxis Capital Holdings Limited (AXS) : Free Stock Analysis ReportThe Progressive Corporation (PGR) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Zacks Industry Outlook Highlights Berkshire Hathaway, The Progressive, Chubb, The Travelers Companies and AXIS Capital Holdings

https://finance.yahoo.com/news/zacks-industry-outlook-highlights-berkshire-134000914.html

f5028f5d-ec8a-3351-9567-736fb3fa2d05

CBOE

Latest initiative represents Cboe and MSCI's growing relationship and will expand Cboe's current product suiteCboe plans to offer three new options tied to MSCI's international, developed, emerging and U.S. markets benchmark indices, set to launch on March 18, pending regulatory approvalCboe also introduces two new volatility indices based on existing MSCI Index options and the proprietary VIX Index MethodologyCHICAGO, Feb. 21, 2024 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE), the world's leading derivatives and securities exchange network, today announced a new strategic initiative in collaboration with MSCI Inc. (MSCI), a leading provider of critical decision support tools and services for the global investment community, to expand its suite of Cboe-MSCI Index options and volatility indices. The initiative underscores Cboe and MSCI's deepening relationship and continues to leverage the companies' combined expertise to develop innovative solutions for investors worldwide.(PRNewsfoto/Cboe Global Markets, Inc.)Cboe and MSCI have collaborated successfully for many years to offer a variety of indices and tradable products. In this latest initiative, Cboe will further expand its existing MSCI Index options suite by introducing three new products based on additional MSCI global indices: Cboe MSCI World Index Options (MXWLD), Cboe MSCI ACWI Index Options (MXACW), and Cboe MSCI USA Index Options (MXUSA). These options are set to begin trading on Monday, March 18, pending regulatory approval. In addition, Cboe is broadening its volatility index suite with the launch of two new Cboe MSCI Volatility Indices: the Cboe MSCI EAFE Volatility Index (VXMXEA) and the Cboe MSCI Emerging Markets Volatility Index (VXMXEF). Developed using Cboe's proprietary VIX® Index methodology, these indices are based on existing MSCI EAFE Index Options (MXEA) and MSCI Emerging Markets Index Options (MXEF) and are designed to provide a transparent measure of the market's expectation of 30-day implied volatility by these respective MSCI index option classes.Story continuesSimilar to the VIX Index, which is designed to reflect investors' consensus view of future (30-day) expected U.S. stock market volatility, the new Cboe MSCI Volatility Indices aim to provide comparable measures for international and emerging equity market volatility."In today's rapidly evolving landscape, investors require sophisticated tools to navigate the markets with confidence," said Catherine Clay, Global Head of Derivatives at Cboe. "Our ongoing collaboration with MSCI reflects our shared commitment to fostering innovation and providing solutions that empower investors to better manage risk and seize potential opportunities in the global marketplace. We are excited to expand our Cboe-MSCI toolkit with additional index options and volatility indices – an enhancement that will not only broaden our customers' product choice, but also enrich the ways they interact with and analyze the global markets." Clay added, "Crucially, the three new index options, which cover developed and emerging markets, are expected to also give investors comprehensive access to gain a variety of different exposures around the globe."The new options will be based on the MSCI World Index, the MSCI ACWI Index and the MSCI USA Index, which are renowned benchmarks for measuring international, developed and emerging markets and U.S. equity performance, respectively. Significantly, both MXWLD and MXUSA options will be based on a fraction (1/100th) of the value of their underlying index.With a smaller index value, MXWLD and MXUSA options may be more accessible to a broad base of customers with diverse investment objectives, ranging from asset owners aiming to track benchmark index exposure, registered investment advisers in search of new sources of yield, or individual investors seeking straightforward exposure to options linked to global benchmark indices."We are pleased to expand our strategic relationship with Cboe in new offerings that investors around the world can use to help them manage risk and exposure," said George Harrington, Global Head of Derivatives Licensing at MSCI. "The launch of the Cboe MSCI EAFE Volatility Index (VXMXEA) and Cboe MSCI Emerging Markets Volatility Index (VXMXEF) provides the investment community with benchmarks for option investing, and Cboe's launch of options linked to the MSCI World Index, MSCI ACWI Index and MSCI USA Index further develops the ecosystem of tradable products."MXACW, MXUSA, and MXWLD will have standard options that expire on the third Friday of each month. In response to customer feedback, Cboe plans to also list five end-of-week expirations, which are expected to begin trading on March 21, 2024, pending regulatory approval.The new index options join the current suite of Cboe MSCI tradable products, which includes the Cboe MSCI EAFE Index Options (MXEA) and Cboe MSCI Emerging Markets Index Options (MXEF). Like these existing offerings, the newly launched options will follow a European-style exercise (no early exercise), are cash-settled (no delivery or assignment of shares) at expiration and may potentially offer favorable tax treatment1. In addition, the new options are integrated into Cboe's existing infrastructure and will be traded and settled via the same exchange connections and clearinghouse as the current Cboe MSCI index options.For more information on Cboe MSCI Index options, visit Cboe's website.About Cboe Global Markets, Inc.Cboe Global Markets (Cboe: CBOE), a leading provider of market infrastructure and tradable products, delivers cutting-edge trading, clearing and investment solutions to market participants around the world. The company is committed to operating a trusted, inclusive global marketplace, providing leading products, technology and data solutions that enable participants to define a sustainable financial future. Cboe provides trading solutions and products in multiple asset classes, including equities, derivatives, FX, and digital assets, across North America, Europe and Asia Pacific. To learn more, visit www.cboe.com.Media ContactsCboe Analyst ContactAngela Tu Tim CaveKenneth Hill, CFA +1-646-856-8734  +44 (0) 7593-506-719+1-312-786-7559 [email protected] [email protected]@cboe.com CBOE-CCBOE-OECboe® and Cboe Global Markets® are registered trademarks of Cboe Exchange, Inc.  All other trademarks and service marks are the property of their respective owners. Any products that have the MSCI Index or Indexes as their underlying interest are not sponsored, endorsed, sold or promoted by MSCI Inc. or Cboe and neither MSCI Inc. nor Cboe make any representations or recommendations concerning the advisability of investing in products that have MSCI indexes as their underlying interests. All other trademarks and service marks are the property of their respective owners.Cboe Global Markets, Inc.  and its affiliates do not recommend or make any representation as to possible benefits from any securities, futures or investments, or third-party products or services. Cboe Global Markets, Inc. is not affiliated with MSCI Inc. Investors should undertake their own due diligence regarding their securities, futures, and investment practices. This press release speaks only as of this date. Cboe Global Markets, Inc. disclaims any duty to update the information herein.Nothing in this announcement should be considered a solicitation to buy or an offer to sell any securities or futures in any jurisdiction where the offer or solicitation would be unlawful under the laws of such jurisdiction. Nothing contained in this communication constitutes tax, legal or investment advice.  Investors must consult their tax adviser or legal counsel for advice and information concerning their particular situation.Cboe Global Markets, Inc.  and  its  affiliates make  no  warranty,  expressed  or  implied,  including,  without  limitation,  any  warranties  as  of  merchantability,  fitness  for  a particular  purpose,  accuracy,  completeness  or  timeliness,  the  results to  be  obtained  by  recipients  of  the  products  and  services  described  herein, or as to the ability of the indices referenced in this press release to track the performance of their respective securities, generally, or the performance of the indices referenced in this press release or any subset of their respective securities, and shall not in any way be liable for any inaccuracies, errors. Cboe Global Markets, Inc. and its affiliates have not calculated, composed or determined the constituents or weightings of the securities that comprise the third-party indices referenced in this press release and shall not in any way be liable for any inaccuracies or errors in any of the indices referenced in this press release. Options involve risk and are not suitable for all market participants. Prior to buying or selling an option, a person should review the Characteristics and Risks of Standardized Options (ODD), which is required to be provided to all such persons.  Copies of the ODD are available from your broker or from The Options Clearing Corporation, 125 S. Franklin Street, Suite 1200, Chicago, IL 60606. Cautionary Statements Regarding Forward-Looking InformationThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. You can identify these statements by forward-looking words such as "may," "might," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," and the negative of these terms and other comparable terminology. All statements that reflect our expectations, assumptions or projections about the future other than statements of historical fact are forward-looking statements. These forward-looking statements, which are subject to known and unknown risks, uncertainties and assumptions about us, may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from those expressed or implied by the forward-looking statements.We operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible to predict all risks and uncertainties, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.Some factors that could cause actual results to differ include: the loss of our right to exclusively list and trade certain index options and futures products; economic, political and market conditions; compliance with legal and regulatory obligations; price competition and consolidation in our industry; decreases in trading or clearing volumes, market data fees or a shift in the mix of products traded on our exchanges; legislative or regulatory changes or changes in tax regimes; our ability to protect our systems and communication networks from security vulnerabilities and breaches; our ability to attract and retain skilled management and other personnel; increasing competition by foreign and domestic entities; our dependence on and exposure to risk from third parties; global expansion of operations; factors that impact the quality and integrity of our and other applicable indices; our ability to manage our growth and strategic acquisitions or alliances effectively;  our ability to operate our business without violating the intellectual property rights of others and the costs associated with protecting our intellectual property rights; our ability to minimize the risks, including our credit, counterparty, investment, and default risks, associated with operating a European clearinghouse; our ability to accommodate trading and clearing volume and transaction traffic, including significant increases, without failure or degradation of performance of our systems; misconduct by those who use our markets or our products or for whom we clear transactions; challenges to our use of open source software code; our ability to meet our compliance obligations, including managing potential conflicts between our regulatory responsibilities and our for-profit status; our ability to maintain BIDS Trading as an independently managed and operated trading venue, separate from and not integrated with our registered national securities exchanges; damage to our reputation; the ability of our compliance and risk management methods to effectively monitor and manage our risks; restrictions imposed by our debt obligations and our ability to make payments on or refinance our debt obligations; our ability to maintain an investment grade credit rating; impairment of our goodwill, long-lived assets, investments or intangible assets; the impacts of pandemics; the accuracy of our estimates and expectations; litigation risks and other liabilities; and operating a digital asset business and clearinghouse, including the expected benefits of our Cboe Digital acquisition, cybercrime, changes in digital asset regulation, losses due to digital asset custody, and fluctuations in digital asset prices. More detailed information about factors that may affect our actual results to differ may be found in our filings with the SEC, including in our Annual Report on Form 10-K for the year ended December 31, 2023 and other filings made from time to time with the SEC.We do not undertake, and we expressly disclaim, any duty to update any forward-looking statement whether as a result of new information, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.1 Options involve risk and are not suitable for all investors. Prior to buying or selling an option, a person must receive a copy of "Characteristics and Risks of Standardized Options." Copies are available from your broker or from The Options Clearing Corporation at 125 South Franklin Street, Suite 1200, Chicago, IL 60606 or at www.theocc.com. CisionView original content to download multimedia:https://www.prnewswire.com/news-releases/cboe-global-markets-and-msci-collaborate-to-offer-new-index-options-and-volatility-indices-302067520.htmlSOURCE Cboe Global Markets, Inc.

PR Newswire

Cboe Global Markets and MSCI Collaborate to Offer New Index Options and Volatility Indices

https://finance.yahoo.com/news/cboe-global-markets-msci-collaborate-142400190.html

cfb321aa-20d7-3015-b121-c6b0adbb92ab

CBOE

CHICAGO, Feb. 21, 2024 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE), the world's leading derivatives and securities exchange network, announced today that Jill Griebenow, Executive Vice President and Chief Financial Officer, and David Howson, Executive Vice President and Global President, will present at the UBS Financial Services Conference in Miami, Florida on Tuesday, February 27 at 10:30 a.m. ET.(PRNewsfoto/Cboe Global Markets, Inc.)The live webcast and replay of the presentation will be accessible at www.cboe.com in the Investor Relations section, under Events and Presentations. The archived webcast is expected to be available within an hour of the presentation.About Cboe Global MarketsCboe Global Markets (Cboe: CBOE), the world's leading derivatives and securities exchange network, delivers cutting-edge trading, clearing and investment solutions to people around the world. Cboe provides trading solutions and products in multiple asset classes, including equities, derivatives, FX, and digital assets, across North America, Europe and Asia Pacific. Above all, we are committed to building a trusted, inclusive global marketplace that enables people to pursue a sustainable financial future. To learn more about the Exchange for the World Stage, visit www.cboe.com.Cboe Media Contacts     Cboe Analyst ContactAngela Tu Tim CaveKenneth Hill, CFA +1-646-856-8734 +44 (0) 7593-506-719+1-312-786-7559 [email protected] [email protected]@cboe.com CBOE-CCBOE-OECboe® and Cboe Global Markets® are registered trademarks of Cboe Exchange, Inc. All other trademarks and service marks are the property of their respective owners.CisionView original content to download multimedia:https://www.prnewswire.com/news-releases/cboe-global-markets-to-present-at-the-ubs-financial-services-conference-on-february-27-302068029.htmlSOURCE Cboe Global Markets, Inc.

PR Newswire

Cboe Global Markets to Present at the UBS Financial Services Conference on February 27

https://finance.yahoo.com/news/cboe-global-markets-present-ubs-213000917.html

8e4241fc-0720-3051-9803-ec46db70025e

CBOE

CHICAGO, March 5, 2024 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE), the world's leading derivatives and securities exchange network, today reported February monthly trading volume statistics across its global business lines.(PRNewsfoto/Cboe Global Markets, Inc.)The data sheet "Cboe Global Markets Monthly Volume & RPC/Net Revenue Capture Report" contains an overview of certain February trading statistics and market share by business segment, volume in select index products, and RPC/net capture, which is reported on a one-month lag, across business lines.Average Daily Trading Volume (ADV) by Month Year-To-Date Feb 2024Feb 2023% Chg Jan 2024%   Chg Feb2024Feb2023%   Chg Multiply-listed options (contracts, k)11,11411,219-0.9 %10,5595.3 %10,82911,219-3.5 %Index options (contracts, k)4,0903,50216.8 %4,118-0.7 %4,1043,43519.5 %Futures (contracts, k)213227-6.1 %229-7.0 %2212105.4 %U.S. Equities - On-Exchange (matched shares, mn)1,5281,4277.1 %1,537-0.6 %1,5321,4267.5 %U.S. Equities - Off-Exchange (matched shares, mn)8687-1.6 %7121.4 %7890-12.7 %Canadian Equities (matched shares, k)143,922157,861-8.8 %136,1435.7 %139,847153,370-8.8 %European Equities (€, mn)10,09311,531-12.5 %9,4506.8 %9,76510,881-10.3 %Cboe Clear Europe Cleared Trades (k)98,689113,022-12.7 %98,903-0.2 %197,592226,201-12.6 %Cboe Clear Europe Net Settlements (k)825827-0.2 %871-5.3 %1,6971,6920.3 %Australian Equities (AUD, mn)8097853.1 %67420.0 %7427262.2 %Japanese Equities (JPY, bn)31619462.5 %27216.0 %29418063.3 %Global FX ADNV ($, mn)43,62842,9911.5 %44,815-2.6 %44,23642,4914.1 %1 Canadian Equities data includes MATCHNow and NEO (now operating as Cboe Canada).2 Cboe Clear Europe figures are totals (not ADV) for the months and years-to-date. As of April 2023, data has been restated to reflect both On-Book and Off-Book cleared trades.About Cboe Global MarketsCboe Global Markets (Cboe: CBOE), the world's leading derivatives and securities exchange network, delivers cutting-edge trading, clearing and investment solutions to people around the world. Cboe provides trading solutions and products in multiple asset classes, including equities, derivatives, FX, and digital assets, across North America, Europe and Asia Pacific. Above all, we are committed to building a trusted, inclusive global marketplace that enables people to pursue a sustainable financial future. To learn more about the Exchange for the World Stage, visit www.cboe.com.Story continuesCboe Media ContactsCboe Analyst ContactAngela Tu Tim CaveKenneth Hill, CFA +1-646-856-8734 +44 (0) 7593-506-719+1-312-786-7559 [email protected] [email protected]@cboe.com CBOE-VCboe®, Cboe Global Markets®, Cboe Volatility Index®, and VIX® are registered trademarks of Cboe Exchange, Inc. or its affiliates. Standard & Poor's®, S&P®, SPX®, and S&P 500® are registered trademarks of Standard & Poor's Financial Services, LLC, and have been licensed for use by Cboe Exchange, Inc. All other trademarks and service marks are the property of their respective owners.Any products that have the S&P Index or Indexes as their underlying interest are not sponsored, endorsed, sold or promoted by Standard & Poor's or Cboe and neither Standard & Poor's nor Cboe make any representations or recommendations concerning the advisability of investing in products that have S&P indexes as their underlying interests. All other trademarks and service marks are the property of their respective owners.Cboe Global Markets, Inc. and its affiliates do not recommend or make any representation as to possible benefits from any securities, futures or investments, or third-party products or services. Cboe Global Markets, Inc. is not affiliated with S&P. Investors should undertake their own due diligence regarding their securities, futures, and investment practices. This press release speaks only as of this date. Cboe Global Markets, Inc. disclaims any duty to update the information herein.Nothing in this announcement should be considered a solicitation to buy or an offer to sell any securities or futures in any jurisdiction where the offer or solicitation would be unlawful under the laws of such jurisdiction. Nothing contained in this communication constitutes tax, legal or investment advice.  Investors must consult their tax adviser or legal counsel for advice and information concerning their particular situation.Cboe Global Markets, Inc.  and  its  affiliates make  no  warranty,  expressed  or  implied,  including,  without  limitation,  any  warranties  as  of  merchantability,  fitness  for  a particular  purpose,  accuracy,  completeness  or  timeliness,  the  results to  be  obtained  by  recipients  of  the  products  and  services  described  herein, or as to the ability of the indices referenced in this press release to track the performance of their respective securities, generally, or the performance of the indices referenced in this press release or any subset of their respective securities, and shall not in any way be liable for any inaccuracies, errors. Cboe Global Markets, Inc. and its affiliates have not calculated, composed or determined the constituents or weightings of the securities that comprise the third-party indices referenced in this press release and shall not in any way be liable for any inaccuracies or errors in any of the indices referenced in this press release. Options involve risk and are not suitable for all market participants. Prior to buying or selling an option, a person should review the  Characteristics and Risks of Standardized Options (ODD), which is required to be provided to all such persons.  Copies of the ODD are available from your broker or from The Options Clearing Corporation, 125 S. Franklin Street, Suite 1200, Chicago, IL 60606. Futures trading is not suitable for all investors and involves the risk of loss. That risk of loss can be substantial and can exceed the amount of money deposited for a futures position. You should, therefore, carefully consider whether futures trading is suitable for you in light of your circumstances and financial resources. You should put at risk only funds that you can afford to lose without affecting your lifestyle. For additional information regarding futures trading risks, see the Risk Disclosure Statement set forth in Appendix A to CFTC Regulation 1.55(c) and the Risk Disclosure Statement for Security Futures Contracts.CisionView original content to download multimedia:https://www.prnewswire.com/news-releases/cboe-global-markets-reports-trading-volume-for-february-2024-302080564.htmlSOURCE Cboe Global Markets, Inc.

PR Newswire

Cboe Global Markets Reports Trading Volume for February 2024

https://finance.yahoo.com/news/cboe-global-markets-reports-trading-213000189.html

d6c16011-dcdf-3f56-b99a-4253fb1570bd

CBOE

CME Group CME is well poised to grow, banking on the strength of its global presence, a compelling product portfolio, a focus on over-the-counter clearing services and a solid capital position. These coupled with optimistic growth projections and upward estimate revisions make the stock worth retaining in one’s portfolio.Shares of this Zacks Rank #3 (Hold) company have gained 4.4% year to date, outperforming the industry’s increase of 4%.This largest futures exchange in the world in terms of trading volume as well as notional value traded has a solid history of delivering earnings surprises in the last 13 reported quarters. Its earnings grew 8.7% in the last five years.The Zacks Consensus Estimate for 2024 and 2025 has moved 1.6% and 2.1%, respectively, in the past 30 days, reflecting analyst optimism.Zacks Investment ResearchImage Source: Zacks Investment ResearchGrowth DriversCME Group’s strength lies in its organic growth. Increasing clearing and transaction fees continue to drive the top line. We estimate the 2026 top line to record a three-year CAGR of 4.7%.Clearing and transaction fees, which contribute the lion’s share, continue to benefit from increased volatility that aids trading volumes. We estimate clearing and transaction fees to increase at a three-year CAGR (2023-2026) of 4.2%.Volumes are poised to benefit. CME has a 90% market share of global futures trading and clearing services. It is witnessing growth in electronic trading volume and higher adoption of crypto assets with increased interest across the entire crypto economy. CME’s investments are showing desirable results.The company is focusing on improving margins through cost management. It expects its core expense to be $1.585 billion in 2024.CME Group has been accelerating organic market data growth, expanding its product breadth and engaging in capital deployment by virtue of its solid capital position.CME Group has been enhancing shareholders' value by increasing payouts. It hiked dividends at a five-year CAGR (2019-2023) of 8%. Its dividend yield is 2.2%, better than the industry average of 1.6%, making the stock an attractive pick for yield-seeking investors.Also, CME Group pays five dividends per year, with the fifth being variable and based on excess cash flow in a year.Notably, its free cash flow conversion has remained more than 85% over the last many quarters, reflecting its solid earnings.The Zacks Consensus Estimate for CME Group’s 2024 earnings is pegged at $9.60, indicating an increase of 2.8% on 5.2% higher revenues of $5.9 billion. The consensus estimate for 2025 earnings is pegged at $9.76, indicating an increase of 1.6% on 3.9% higher revenues of $6.1 billion. The long-term earnings growth rate is currently pegged at 6.6%. We estimate the bottom line to increase at a three-year (2023-2026) CAGR of 2.9%.Story continuesStocks to ConsiderSome top-ranked stocks from the finance sector are Cboe Global Markets CBOE, Coinbase Global COIN and AssetMark Financial AMK, each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for Cboe Global’s 2024 and 2025 earnings per share indicates a year-over-year increase of 6.4% and 6.3%, respectively. Year to date, CBOE has gained 6.5%. The expected long-term earnings growth rate is 13.6%, better than the industry average of 8.9%.  Coinbase has a solid track record of beating earnings estimates in the last four quarters. COIN stock has climbed 24.6% year to date. The Zacks Consensus Estimate for COIN’s 2024 earnings per share indicates a year-over-year increase of 173%.AssetMark Financial delivered a trailing four-quarter average earnings surprise of 0.81%. Year to date, the stock has risen 19.8%. The Zacks Consensus Estimate for AMK’s 2024 and 2025 earnings suggests a year-over-year rise of 13.5% and 5.55%, respectively.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 reportCME Group Inc. (CME) : Free Stock Analysis ReportCboe Global Markets, Inc. (CBOE) : Free Stock Analysis ReportAssetMark Financial Holdings, Inc. (AMK) : Free Stock Analysis ReportCoinbase Global, Inc. (COIN) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Here's Why You Should Stay Invested in CME Group (CME)

https://finance.yahoo.com/news/heres-why-stay-invested-cme-160000475.html

42aa5637-50f9-3d46-8483-8f865ab77e45

CBRE

Trammell Crow Company Remains Top Pure Development CompanyDALLAS, February 21, 2024--(BUSINESS WIRE)--CBRE Group, Inc. (NYSE: CBRE) has been named the top global brand in commercial real estate by The Lipsey Company for the 23rd consecutive year. CBRE’s development services subsidiary, Trammell Crow Company, was the top-ranked pure development company for the sixth consecutive year.A training and professional development firm specializing in commercial real estate, Lipsey has surveyed commercial real estate professionals on their perceptions of the industry’s leading brands since 2002. CBRE has been ranked number one every year that Lipsey has conducted its survey of property owners, investors, lenders, occupiers, brokers and property managers."CBRE is filled with high-performing people who do impactful work," said Bob Sulentic, the company’s chair and chief executive officer. "Their shared commitment to excellence and thoughtful collaboration is why we are known for delivering great client outcomes and consistently garner accolades from our industry peers."About CBRECBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2023 revenue). The company has more than 130,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com. We routinely post important information on our website, including corporate and investor presentations and financial information. We intend to use our website as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD. Such disclosures will be included in the Investor Relations section of our website at https://ir.cbre.com. Accordingly, investors should monitor such portion of our website, in addition to following our press releases, Securities and Exchange Commission filings and public conference calls and webcasts.Story continuesView source version on businesswire.com: https://www.businesswire.com/news/home/20240221315376/en/ContactsSteve Iaco - [email protected] Burke - [email protected]

Business Wire

CBRE Named Top Real Estate Brand in Lipsey Survey for 23rd Consecutive Year

https://finance.yahoo.com/news/cbre-named-top-real-estate-133000295.html

adf11cc7-0b7b-3db9-b002-148bded1b8e5

CBRE

DALLAS, February 23, 2024--(BUSINESS WIRE)--CBRE Group, Inc. (NYSE:CBRE) today announced that Guy A. Metcalfe has been appointed to the company’s Board of Directors, effective February 26, 2024.Mr. Metcalfe was a Managing Director and member of Morgan Stanley’s investment banking executive committee and led its real estate investment banking business for over two decades before retiring as Global Chairman on January 31, 2024.In more than 30 years at Morgan Stanley, Mr. Metcalfe advised clients on over $850 billion of transactions. He has served as a trusted strategic advisor to CBRE and helped to consummate notable capital-raising, mergers and acquisitions and capital markets transactions for the company.In addition, Mr. Metcalfe advised on some of the most transformational transactions in the real estate industry, including the mergers of each of AMB Property Corp., KTR Capital Partners, Industrial Property Trust, Liberty Property Trust and Duke Realty with Prologis; and, among others, Blackstone’s acquisitions of Trizec Properties, Equity Office Properties, Hilton Hotels, BioMed Realty Trust, Gramercy Property Trust and QTS Realty. He also advised on numerous initial public offerings, follow-on offerings, significant private capital raises and secured and unsecured debt offerings.Bob Sulentic, CBRE’s chair and chief executive officer, said: "Guy is one of the premier strategic advisors in the real estate industry. Our Board will be greatly enhanced by his deep knowledge of and broad perspective on our sector as well as his sharp strategic thinking as we plot a course for CBRE’s continued growth."Mr. Metcalfe said: "I’ve seen CBRE up close for many years and know its strategic, operational and financial strengths are unmatched in the real estate services sector. The company is extremely well positioned for the future and I am excited to work with Bob and my fellow Directors to help drive growth and excellence across the business."Story continuesMr. Metcalfe will stand for election at CBRE’s next Annual Stockholder Meeting later this year. His appointment expands CBRE’s Board to 12 Directors.He serves on the Board of Directors of nonprofits, including the Child Mind Institute, and has been an advisor on real estate matters to the Partnership Fund for New York City. He holds a B.A. in Business Administration (with honors) from the Ivey Business School at the University of Western Ontario.About CBRE Group, Inc.CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2023 revenue). The company has more than 130,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com. We routinely post important information on our website, including corporate and investor presentations and financial information. We intend to use our website as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD. Such disclosures will be included in the Investor Relations section of our website at https://ir.cbre.com. Accordingly, investors should monitor such portion of our website, in addition to following our press releases, Securities and Exchange Commission filings and public conference calls and webcasts.View source version on businesswire.com: https://www.businesswire.com/news/home/20240223470353/en/ContactsSteve Iaco Media212.984.6535Brad Burke Investors214.863.3100

Business Wire

Guy Metcalfe to Join CBRE Group, Inc. Board of Directors

https://finance.yahoo.com/news/guy-metcalfe-join-cbre-group-133000870.html

d8248d04-7cc9-3890-83ba-62bd65f561f9

CBRE

John Durburg, CEO of Advisory Services at CBRE Group Inc, executed a sale of 25,000 shares of the company on February 22, 2024, according to a recent SEC filing. The transaction was conducted at an average price of $92.2 per share, resulting in a total value of $2,305,000.CBRE Group Inc, listed on the NYSE under the ticker CBRE, is a global commercial real estate services and investment firm. The company offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.Warning! GuruFocus has detected 7 Warning Signs with CBRE.Over the past year, the insider has sold a total of 50,000 shares of CBRE Group Inc and has not made any purchase of the stock. The recent sale represents a continuation of the insider's selling pattern over the period.The insider transaction history for CBRE Group Inc shows a trend of more insider sales than buys over the past year, with 9 insider sells and 0 insider buys recorded.CBRE Group Inc CEO John Durburg Sells 25,000 SharesOn the valuation front, CBRE Group Inc's shares were trading at $92.2 on the day of the insider's sale, giving the company a market capitalization of $27.546 billion. The price-earnings ratio of the stock stands at 28.43, which is above both the industry median of 13.67 and the company's historical median price-earnings ratio.According to the GuruFocus Value chart, with a stock price of $92.2 and a GF Value of $95.02, CBRE Group Inc is considered to be Fairly Valued, with a price-to-GF-Value ratio of 0.97.CBRE Group Inc CEO John Durburg Sells 25,000 SharesThe GF Value is determined by considering historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates provided by Morningstar analysts.Story continuesInvestors monitoring insider activity often look for patterns or significant transactions to gauge potential future stock movements. However, insider transactions are not always indicative of future stock performance and may be subject to various personal financial considerations.This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.This article first appeared on GuruFocus.

GuruFocus.com

CBRE Group Inc CEO John Durburg Sells 25,000 Shares

https://finance.yahoo.com/news/cbre-group-inc-ceo-john-081016960.html

8c886798-23ed-3fe8-8e0b-85e60e618918

CBRE

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.Is This 1 Momentum Stock a Screaming Buy Right Now?Different than value or growth investors, momentum-oriented investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.CBRE Group (CBRE)Headquartered in Dallas, TX, CBRE Group, Inc. is a commercial real estate services and investment firm, offering a wide range of services to tenants, owners, lenders and investors in office, retail, industrial, multi-family and other types of commercial real estates in all major metropolitan areas across the globe. The services include facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. With more than 130,000 employees (including Turner & Townsend employees), the company served clients in more than 100 countries as of Dec 31, 2023.CBRE is a Zacks Rank #3 (Hold) stock, with a Momentum Style Score of B and VGM Score of B. Shares are up 1.1% over the past one week and up 8% over the past four weeks. CBRE has gained 13.9% in the last one-year period as well. Looking at trading volume, an average of 1,973,954.63 shares exchanged hands over the last 20 trading days.Momentum investors don't just pay attention to price changes; positive earnings play a crucial role, too. One analyst revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.02 to $4.52 per share. CBRE boasts an average earnings surprise of 11.2%.Story continuesWith strong earnings growth, a good Zacks Rank, and top-tier Momentum and VGM Style Scores, investors should think about adding CBRE to their portfolios.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 reportCBRE Group, Inc. (CBRE) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Why CBRE Group (CBRE) is a Top Momentum Stock for the Long-Term

https://finance.yahoo.com/news/why-cbre-group-cbre-top-145008470.html

00754c5e-842e-3f47-849e-06ade3bc9d6d

CBRE

Shares of Algonquin Power & Utilities Corp. AQN jumped 4.9% after reporting fourth-quarter 2023 earnings of $1.60 per share, beating the Zacks Consensus Estimate of $1.40.Costco Wholesale Corporation’s COST shares slid 7.6% after reporting second-quarter fiscal 2024 revenues of $58.44 billion, missing the Zacks Consensus Estimate of $59.19 billion.Shares of CBRE Group, Inc. CBRE rose 1.6% on real estate emerging as the biggest winner of the day.Shares of Advanced Micro Devices, Inc. AMD fell 1.9% on the semiconductor slump.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 reportAdvanced Micro Devices, Inc. (AMD) : Free Stock Analysis ReportCostco Wholesale Corporation (COST) : Free Stock Analysis ReportAlgonquin Power & Utilities Corp. (AQN) : Free Stock Analysis ReportCBRE Group, Inc. (CBRE) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Company News for Mar 11, 2024

https://finance.yahoo.com/news/company-news-mar-11-2024-134400649.html

f13475c9-8943-357d-bc1a-9d44153d2c5f

CCI

Strengths: Robust infrastructure footprint and strategic customer relationships.Weaknesses: High dependency on a concentrated customer base and potential regulatory challenges.Opportunities: Growing demand for data and expansion of 5G technology.Threats: Intense competition and technological advancements that may reduce infrastructure demand.Warning! GuruFocus has detected 8 Warning Signs with CCI.On February 23, 2024, Crown Castle Inc (NYSE:CCI) filed its annual 10-K report, providing a comprehensive overview of its financial health and strategic positioning. As a leading owner and lessor of approximately 40,000 cell towers and over 85,000 route miles of fiber in the United States, CCI operates a critical infrastructure backbone for wireless service providers. The company's financial tables reflect a strong balance sheet, with site rental revenues from the Towers segment amounting to $4,313 million for the year ended December 31, 2023. This financial stability, coupled with a strategic focus on shared communications infrastructure, positions CCI as a pivotal player in the telecommunications industry.Decoding Crown Castle Inc (CCI): A Strategic SWOT InsightStrengthsInfrastructure Dominance and Strategic Tenant Contracts: Crown Castle Inc's extensive network of towers and fiber assets forms the backbone of its strength. With over 40,000 towers and approximately 90,000 route miles of fiber, CCI offers unparalleled coverage and connectivity solutions. The company's long-term tenant contracts, which are recognized on a straight-line basis over the non-cancelable term, ensure a stable and predictable revenue stream. In 2023, the Towers segment alone generated $4,313 million in site rental revenues, underscoring the robust demand for CCI's infrastructure.Customer Relationships and ESG Commitment: Another pillar of CCI's strength is its concentrated customer base, with the big three U.S. mobile carriers accounting for about 75% of its revenue. These strategic relationships, built on a track record of reliability and service excellence, provide a competitive edge. Additionally, CCI's commitment to environmental, social, and governance (ESG) goals, including a target to achieve carbon neutrality by 2025, enhances its reputation and aligns with broader societal values, potentially attracting sustainability-conscious investors.Story continuesWeaknessesCustomer Concentration Risk: While CCI's concentrated customer base is a strength, it also presents a significant risk. The reliance on a few major customers for the majority of its revenue exposes the company to potential financial instability should any key customer alter their strategy or face financial difficulties. This dependency underscores the need for CCI to diversify its customer portfolio to mitigate this vulnerability.Regulatory and Environmental Compliance: CCI's operations are subject to stringent federal, state, and local regulations, including those from the FCC and FAA. Compliance with these regulations is critical, and any failure could result in fines or operational restrictions. Additionally, as an owner and operator of real property, CCI faces strict liability for environmental cleanup and related claims, which could have material adverse effects on its financial condition.OpportunitiesData Demand and 5G Expansion: The insatiable demand for data and the ongoing expansion of 5G technology present significant growth opportunities for CCI. As wireless service providers invest in network infrastructure to support increased data consumption and 5G deployment, CCI's extensive tower and fiber networks are well-positioned to meet these needs. The company's existing small cell deployments and fiber solutions are poised to capitalize on this trend, potentially driving substantial revenue growth.Strategic Acquisitions and Partnerships: CCI has the opportunity to expand its market presence through strategic acquisitions and partnerships. By acquiring complementary assets or forming alliances with other industry players, CCI can enhance its service offerings, enter new markets, and further solidify its competitive position in the telecommunications infrastructure sector.ThreatsCompetitive Landscape and Technological Substitutes: The telecommunications infrastructure industry is highly competitive, with numerous players offering similar services. CCI faces competition from other tower owners, service providers, and equipment vendors capable of providing turnkey solutions. Additionally, technological advancements could introduce substitutes or alternatives to traditional tower-based infrastructure, potentially diminishing the demand for CCI's assets.Interest Rate Sensitivity and Debt Management: CCI's financial performance is sensitive to interest rate fluctuations, as evidenced by the $1.8 billion of floating rate debt reported as of December 31, 2023. A hypothetical increase in market interest rates could significantly impact the company's interest expenses, affecting its profitability. Effective debt management and hedging strategies are crucial to mitigate this risk and maintain financial stability.In conclusion, Crown Castle Inc (NYSE:CCI) exhibits a strong market position with its extensive infrastructure network and strategic customer relationships. However, the company must navigate the challenges of customer concentration, regulatory compliance, and a competitive landscape. With the telecommunications industry evolving rapidly, CCI's ability to leverage its strengths, address its weaknesses, capitalize on opportunities, and mitigate threats will be critical to its continued success.This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.This article first appeared on GuruFocus.

GuruFocus.com

Decoding Crown Castle Inc (CCI): A Strategic SWOT Insight

https://finance.yahoo.com/news/decoding-crown-castle-inc-cci-050301980.html

5c0c04ad-228d-31e2-8aa2-1d4a576203c7

CCI

In this article, we will take a detailed look at Bill Gates' 16 Dividend Stocks To Buy. For a quick overview of such stocks, read our article Bill Gates' 5 Dividend Stocks To Buy.The era of low interest rates did not bode well for dividend investing as investors preferred to pile into growth stocks instead of dividend-paying equities. Especially after the 2008 financial crisis ended, dividend stocks' contribution to overall market returns declined. A Wall Street Journal report said that US stocks with dividend yields above 5% returned 450% since the end of 2008, compared the 640% gain posted by the broader S&P Composite 1500. On the other hand, companies that do not pay dividends have posted gains of about 1500%. But since the Federal Reserve started increasing interest rates and speculation of a "higher for longer" scenario becomes relevant, investors are starting to pay attention to dividend stocks.The WSJ report also quoted Daniel Peris, the portfolio manager at investment banking company Federated Hermes, who said in his book “The Ownership Dividend" that the trend in which dividend stocks lost their mojo amid low interest rates was temporary as he believes the pendulum is about to swing in the favor of dividend stocks.But does all dividend stocks worth your attention? As you will see in this article, smart investors and billionaires prefer high-quality dividend stocks with low volatility and strong businesses. The WSJ report said investing in dividend stocks with low volatility has outperformed other notable investment strategies about 60% of the time since 1998.Bill Gates' 16 Dividend Stocks To BuyMethodologyFor this article we scanned the Q4'2023 portfolio of Bill & Melinda Gates Foundation Trust and chose its top dividend stocks picks. Hedge funds’ top 10 consensus stock picks outperformed the S&P 500 Index by more than 140 percentage points over the last 10 years (see the details here).16. Hormel Foods Corp (NYSE:HRL)Bill Gates' Stake: $70,490,762With a dividend yield of about 3.7%, Hormel Foods Corp (NYSE:HRL) ranks 16th in our list of the top dividend stocks in Bill Gates' portfolio as of the end of 2023.Story continuesBill & Melinda Gates Foundation owns a $70 million stake in Hormel Foods Corp (NYSE:HRL).15. Danaher Corp (NYSE:DHR)Bill Gates' Stake: $86,289,820Earlier this month Danaher Corp (NYSE:DHR) increased its dividend by a whopping 12.5%.As of the end of the fourth quarter of 2023, 90 hedge funds out of the 933 funds in Insider Monkey's database had stakes in Danaher Corp (NYSE:DHR). The most notable stake in Danaher Corp (NYSE:DHR) is owned by Ken Fisher's Fisher Asset Management which owns a $978 million stake in Danaher Corp (NYSE:DHR).Headwaters Capital Management stated the following regarding Danaher Corporation (NYSE:DHR) in its fourth quarter 2023 investor letter:“Danaher Corporation’s (NYSE:DHR) acquisition offer for ABCM was approved by shareholders on 11/6/23. Shareholders approved the deal based on trough fundamentals (potential China weakness) and trough valuation (the broader market bottomed on 10/27). DHR took advantage of broader market fears and mis-aligned management incentives to acquire Abcam at a cheap price. While disappointing, ABCM was still a very successful investment for Headwaters as it outperformed the market by +27% during our ownership. The cash received from the acquisition was immediately re-deployed into the newest addition to the portfolio, IPAR (discussed below).”14. Kraft Heinz Co (NASDAQ:KHC)Bill Gates' Stake: $96,983,748With a 4.4% dividend yield and a recession-proof business, American food company Kraft Heinz Co (NASDAQ:KHC) ranks 14th in our list of the best dividend stocks according to Bill Gates. Bill & Melinda Gates Foundation owns a $97 million stake in Kraft Heinz Co (NASDAQ:KHC).As of the end of the fourth quarter of 2023, 44 hedge funds out of the 933 funds tracked by Insider Monkey had stakes in Kraft Heinz Co (NASDAQ:KHC).13. Anheuser-Busch Inbev SA (NYSE:BUD)Bill Gates' Stake: $110,047,860Anheuser-Busch Inbev SA (NYSE:BUD) is in the spotlight for two reasons. First, data from Nielsen has shown that the Bud Light brand saw improvement in sales during the one-month period ending January 27. Second, Donald Trump has called on his supporters to give Anheuser-Busch Inbev SA (NYSE:BUD) a "second chance" and called Anheuser-Busch Inbev SA (NYSE:BUD) a "Great American Brand." Trump was referring to the backlash Anheuser-Busch Inbev SA (NYSE:BUD) received from conservatives in the US after its collaboration with  transgender TikTok star Dylan Mulvaney.As of the end of the fourth quarter of 2023, Bill Gates' foundation owns a $110 million stake in Anheuser-Busch Inbev SA (NYSE:BUD).12. United Parcel Service, Inc. (NYSE:UPS)Bill Gates' Stake: $118,722,643United Parcel Service, Inc. (NYSE:UPS) ranks 12th in our list of the best dividend stocks in Bill Gates' 2024 portfolio. Last month, UPS declared a 0.6% increase in its prior dividend. Forward dividend yield came in at over 4%.A total of 46 hedge funds out of the 933 funds in Insider Monkey's database had stakes in United Parcel Service, Inc. (NYSE:UPS). Bill & Melinda Gates Foundation owns a $119 million stake in United Parcel Service, Inc. (NYSE:UPS).ClearBridge Large Cap Value Strategy made the following comment about United Parcel Service, Inc. (NYSE:UPS) in its Q3 2023 investor letter:“A higher-for-longer rate mentality taking hold was a headwind for economically sensitive stocks. Rising wages have been one of the main drivers of inflation, and this has proved to be a sticky area, keeping the Fed’s attention and weighing on share prices. For example, United Parcel Service, Inc. (NYSE:UPS) renegotiated a wage increase for its union-backed workforce this summer, which weighed on margins that were already being constricted by slowing volumes. While the new union deal will dampen profits over the next 12 months due to the front-end-loaded nature of the new five-year contract, management gained increased flexibility to deploy automation, which we think should further enhance UPS’s strong competitive position and provide a long-term tailwind to profitability.”11. Crown Castle Inc (NYSE:CCI)Bill Gates' Stake: $163,578,094Telecom infrastructure REIT Crown Castle Inc (NYSE:CCI) is a high-yield dividend stock in Bill Gates' Q4 portfolio. The stock has a dividend yield of over 5.5%.The stock is making waves after Crown Castle Inc's (NYSE:CCI) founder Ted Miller nominated four people for board director positions and outlined a restructuring plan that includes selling off its fiber assets.Carillon Eagle Growth & Income Fund made the following comment about Crown Castle Inc. (NYSE:CCI) in its Q2 2023 investor letter:“Crown Castle Inc. (NYSE:CCI) detracted from performance as telecom companies have temporarily slowed their deployment of additional cellular spectrum. This slowdown could impair future growth for cell tower companies.”10. Waste Connections Inc (NYSE:WCN)Bill Gates' Stake: $320,807,352Canadian-based Waste Connections Inc (NYSE:WCN) is a low-yield dividend stock in Bill Gates' portfolio. Earlier this month Waste Connections Inc (NYSE:WCN) posted fourth quarter results. Adjusted EPS in the quarter came in at $1.11, beating estimates by $0.02. Revenue in the quarter jumped 9.1% year over year to $2.04 billion.Bill & Melinda Gates Foundation owns a $321 million stake in Waste Connections Inc (NYSE:WCN).TimesSquare Capital U.S. FOCUS Growth Strategy made the following comment about Waste Connections, Inc. (NYSE:WCN) in its Q3 2023 investor letter:“Waste Connections, Inc. (NYSE:WCN), a non-hazardous waste company, pulled back by -6%. They serve residential, commercial, municipal, and industrial customers in the U.S. and Canada. Second quarter results included inline revenues, an upside to profits on better margins, though with slightly lower volumes. Management noted that volumes came in weaker than anticipated due to intentionally shedding low margin contracts. Forward revenue guidance was lowered slightly, reflecting lower surcharges from falling diesel prices.”9. FedEx Corp (NYSE:FDX)Bill Gates' Stake: $388,147,555FedEx Corp (NYSE:FDX) has a dividend yield of over 2% as of February 24. Bill & Melinda Gates Foundation owns a $388 million stake in FedEx Corp (NYSE:FDX). This fund is the biggest hedge fund stakeholder in FedEx Corp (NYSE:FDX) out of the 70 funds that had stakes in FedEx Corp (NYSE:FDX) as of the end of the fourth quarter of 2023.The London Company Large Cap Strategy stated the following regarding FedEx Corporation (NYSE:FDX) in its fourth quarter 2023 investor letter:“FedEx Corporation (NYSE:FDX) – After a very positive start to the year, FDX lagged during 4Q after a weak earnings report and lowered guidance. Fundamentals improved throughout the year as FDX enacted major cost cuts, but a decline in volumes in the quarter was too much for the new cost structure to overcome. Longer term, FDX has the potential to be a strong player in the transportation industry, but it will have to continue adjusting its fleet and network to an evolving marketplace.”8. Walmart Inc (NYSE:WMT)Bill Gates' Stake: $477,704,566Walmart Inc (NYSE:WMT) recently increased its annual dividend by 9%. This marked the 51st consecutive year of dividend increases from Walmart Inc (NYSE:WMT).As of the end of the fourth quarter of 2023, 85 hedge funds out of the 933 funds tracked by Insider Monkey had stakes in Walmart Inc (NYSE:WMT).7. Coca-Cola Femsa SAB de CV (NYSE:KOF)Bill Gates' Stake: $588,161,006The Mexican arm of Coca Cola, Coca-Cola Femsa SAB de CV (NYSE:KOF), ranks seventh in our list of the top dividend stocks in Bill Gates' portfolio. The Bill & Melinda Gates Foundation had a $478 million stake in Coca-Cola Femsa SAB de CV (NYSE:KOF).Hayden Capital made the following comment about The Coca-Cola Company (NYSE:KO) in its third 2023 investor letter:“It’s not just emerging markets either, where one could argue a “scarcity premium” given fewer quality public companies. Even in the US, The Coca-Cola Company (NYSE:KO) trades at ~30x P/E despite having the same earnings as 10 years ago.Both of these companies actually have lower revenues than 10 – 15 years ago too, indicating that their profit growth is mostly from margin expansion. This can only last for so long before there’s no more excess expenses left to cut.I find it ironic that all these companies trade as “bond-equivalents” in the minds of investors – even commanding lower yields than US treasuries, the safest security in the world. But it’s clear that their businesses are not nearly as safe. Coca-Cola is facing disruption risk from consumers shifting to new, heathier beverage brands.But these companies are ~35% more expensive than US Treasuries, despite the heightened risk. On a risk-adjusted basis, one could argue the implied premium is even higher.”Perhaps the explanation is simply the price volatility difference between these stocks and treasuries over the last two years. For example, 10-year Treasury bonds are down ~-20% since the beginning of 2022. By comparison, KO and PG are remarkably down only -4 – 6% over that time frame.”6. Ecolab Inc (NYSE:ECL)Bill Gates' Stake: $1,034,999,027Water treatment and cleaning solutions company Ecolab Inc (NYSE:ECL) is one of the top performers in Bill Gates' portfolio, with the stock up 40% over the past one year. It has a dividend yield of just over 1% as of February 24. The Bill & Melinda Gates Foundation has a $1 billion stake in Ecolab Inc (NYSE:ECL).Earlier this month Ecolab Inc (NYSE:ECL) posted Q4 results. Adjusted EPS in the fourth quarter came in at $1.55, beating estimates by $0.01. Revenue in the quarter jumped 7% year over year to $3.9 billion, missing estimates by $40 million.Mairs & Power Growth Fund stated the following regarding Ecolab Inc. (NYSE:ECL) in its fourth quarter 2023 investor letter:“All of our Materials holdings—Ecolab Inc. (NYSE:ECL), HB Fuller (FUL), and Sherwin Williams (SHW)—also posted strong results in 2023, a stark reversal from the prior year. After oil prices spiked above $100 in 2022 due to the Ukraine-Russia Conflict, oil has since pulled back to the low $70s. Oil and its by-products are major inputs for all of our Materials holdings; as such, lower oil prices have led to a rebound in profits. For example, our largest Materials holding—Ecolab—is expected to increase earnings more than 15% this year after declining 5% last year.” Click to continue reading and see Bill Gates' 5 Dividend Stocks To Buy.Suggested articles:What Ray Dalio Is Doing These Days? – Top 10 Stock Picks in 202315 Stocks Dumb Money’s Steve Cohen Is Betting On NowAQR Capital Management: AUM, Performance, Stock PicksDisclosure: None. Bill Gates' 16 Dividend Stocks To Buy is originally published on Insider Monkey.

Insider Monkey

Bill Gates’ 16 Dividend Stocks To Buy

https://finance.yahoo.com/news/bill-gates-16-dividend-stocks-193811657.html

6e7b9ace-c2e8-30bc-88cc-ebd3ecce90f6

CCI

Crown Castle Inc.Attempted Legal Maneuvers Seek To Interfere with CEO Search and Fiber ReviewHOUSTON, March 05, 2024 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) (“Crown Castle” or the “Company”) today commented on the self-serving litigation brought by Ted Miller and Boots Capital Management.The lawsuit brought by Mr. Miller is without merit and underscores that his activism campaign against Crown Castle is focused on his own self interests. These interests include, among other things, the appointment to the Board of himself and three of his handpicked nominees (including his son-in-law), and getting himself installed as a paid executive of the Company (with the title of executive chairman) after spending more than 22 years away. After previously calling for the Board to act with urgency, Mr. Miller is seeking as part of his litigation a Court order to, among other things, impede progress on the Company’s ongoing CEO search and the strategic and operating review of its fiber business.In addition to advancing a self-serving agenda, impeding value-creation work that Mr. Miller claims to support, and being premised on a host of misleading assertions and outright inaccuracies, Mr. Miller’s litigation seeks inappropriately to weaponize the Delaware Court of Chancery’s (the “Court”) recent decision in West Palm Beach Firefighters’ Pension Fund v. Moelis & Co. in an attempt to gain an advantage in his proxy fight against the Company.The facts are these: with the advice of counsel, Crown Castle entered in a market-standard cooperation agreement with Elliott on December 19, 2023. Subsequently, on February 23, 2024, the Court issued a decision in Moelis. On March 4, 2024, Crown Castle announced that the Company and Elliott had agreed to amend certain provisions of the Cooperation Agreement to:Clarify that the Board retains the power at any time to change its recommendation regarding any director nominees, consistent with its fiduciary duties;Eliminate limitations on the sizes of the Board, the Fiber Review Committee and the CEO Search Committee; andProvide that Elliott’s shares will vote pro rata with the votes of other stockholders instead of requiring Elliott to vote its shares in favor of the Board’s recommendations.Story continuesContrary to Mr. Miller’s misleading allegations and distinct from Moelis, Elliott did not control Crown Castle before or as a result of the Cooperation Agreement. Today, the Crown Castle Board comprises 12 directors, 11 of whom are independent and only two of whom were appointed with input from Elliott.In truth, Mr. Miller is the one who seeks to dominate Crown Castle by having the Company name him executive chairman and put two of his associates and his son-in-law on the Board. It is Mr. Miller who effectively seeks to dictate the outcome of the strategic and operating review of Crown Castle’s fiber business by forcing the Board to “onboard Boots advisors,” “assume cost for Boots work product” (which Mr. Miller has stated amounts to approximately $5 million) and compensate the Boots team in some unspecified way to ensure it is “aligned … for value achievement.”1Mr. Miller seeks this unjustified degree of control over Crown Castle despite owning far less than 1% of the Company, with the majority of his investment position held in the form of call options with less than one year of duration.The Board values feedback from all its shareholders and incorporates such feedback and suggestions in its deliberations. As such, all feedback, including the suggestions from Mr. Miller, are being considered as part of the Board’s strategic review, which is focused on generating long-term value for all shareholders. Contrary to the Company’s goals, Mr. Miller’s proxy fight and his lawsuit seek above all else to prioritize his own interests, regardless of the consequences for Crown Castle’s shareholders.ABOUT CROWN CASTLECrown Castle owns, operates and leases more than 40,000 cell towers and approximately 90,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service – bringing information, ideas and innovations to the people and businesses that need them. For more information on Crown Castle, please visit www.crowncastle.com.CAUTIONARY LANGUAGE REGARDING FORWARD-LOOKING STATEMENTSThis press release contains forward-looking statements for purposes of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. Statements that are not historical facts are hereby identified as forward-looking statements. In addition, words such as “estimate,” “anticipate,” “project,” “plan,” “intend,” “believe,” “expect,” “likely,” “predicted,” “positioned,” “continue,” “target,” “seek,” “focus” and any variations of these words and similar expressions are intended to identify forward-looking statements. Examples of forward-looking statements include (1) statements and expectations regarding the process and outcomes of Company’s Fiber Review Committee, including that it will help enhance and unlock shareholder value, (2) statements and expectations regarding the process and outcomes of CEO Search Committee, including that it will conduct the search to identify Crown Castle’s next CEO, (3) that the actions set forth in this press release best position the Company for long term success, including our Board’s regular evaluation of all paths to enhance shareholder value, (4) that the Company will benefit from the experience and insights of the newly appointed directors, and (5) that the Company will identify the best path forward to capitalize on significant opportunities for growth in our industry. Such forward-looking statements should, therefore, be considered in light of various risks, uncertainties and assumptions, including prevailing market conditions, risk factors described in “Item 1A. Risk Factors” of the Annual Report on Form 10-K for the fiscal year ended December 31, 2023 (“2023 Form 10-K”) and other factors. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expected.Our filings with the SEC are available through the SEC website at www.sec.gov or through our investor relations website at investor.crowncastle.com. We use our investor relations website to disclose information about us that may be deemed to be material. We encourage investors, the media and others interested in us to visit our investor relations website from time to time to review up-to-date information or to sign up for e-mail alerts to be notified when new or updated information is posted on the site.Important Stockholder InformationThe Company intends to file a proxy statement and a WHITE proxy card with the U.S. Securities and Exchange Commission (the “SEC”) in connection with its solicitation of proxies for its 2024 Annual Meeting. THE COMPANY’S STOCKHOLDERS ARE STRONGLY ENCOURAGED TO READ THE DEFINITIVE PROXY STATEMENT, THE ACCOMPANYING WHITE PROXY CARD, AND ANY AMENDMENTS AND SUPPLEMENTS TO THESE DOCUMENTS WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION. Stockholders may obtain the proxy statement, any amendments or supplements to the proxy statement, and other documents as and when filed by the Company with the SEC without charge from the SEC’s website at www.sec.gov.Participant InformationFor participant information, see the Company’s Schedule 14A filed with the SEC on February 14, 2024 and available here.CONTACTS:Dan Schlanger, CFOKris Hinson, VP & TreasurerCrown Castle Inc.713-570-3050MEDIA: Andy Brimmer / Adam PollackJoele Frank, Wilkinson Brimmer Katcher212-355-4449_________________1 Project Boots Presentation, Slide 11, accessible at https://mma.prnewswire.com/media/2343199/Project_Boots_Presentation.pdf

GlobeNewswire

Crown Castle Comments on Self-Serving, Unfounded Litigation Brought by Ted Miller

https://finance.yahoo.com/news/crown-castle-comments-self-serving-145800398.html

41cdae7d-f5fc-3fb2-b9fa-193c75172799

CCI

Crown Castle (CCI) closed at $112.07 in the latest trading session, marking a +0.45% move from the prior day. The stock lagged the S&P 500's daily gain of 0.51%. On the other hand, the Dow registered a gain of 0.2%, and the technology-centric Nasdaq increased by 0.58%.The the stock of operator of wireless communications towers has risen by 3.63% in the past month, lagging the Finance sector's gain of 4.57% and overreaching the S&P 500's gain of 2.94%.The upcoming earnings release of Crown Castle will be of great interest to investors. The company is expected to report EPS of $1.71, down 10.47% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.63 billion, down 8.14% from the year-ago period.Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $6.94 per share and revenue of $6.6 billion, indicating changes of -8.08% and -5.43%, respectively, compared to the previous year.Investors might also notice recent changes to analyst estimates for Crown Castle. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.02% downward. Crown Castle is holding a Zacks Rank of #3 (Hold) right now.Investors should also note Crown Castle's current valuation metrics, including its Forward P/E ratio of 16.07. Its industry sports an average Forward P/E of 11.13, so one might conclude that Crown Castle is trading at a premium comparatively.Story continuesWe can additionally observe that CCI currently boasts a PEG ratio of 2.82. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the REIT and Equity Trust - Other industry stood at 2.34 at the close of the market yesterday.The REIT and Equity Trust - Other industry is part of the Finance sector. With its current Zacks Industry Rank of 136, this industry ranks in the bottom 47% of all industries, numbering over 250.The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.You can find more information on all of these metrics, and much more, on Zacks.com.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 reportCrown Castle Inc. (CCI) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Crown Castle (CCI) Increases Yet Falls Behind Market: What Investors Need to Know

https://finance.yahoo.com/news/crown-castle-cci-increases-yet-230009980.html

572efe98-4038-3d17-a4fe-d0371d92b074

CCL

Texas-themed Jubilee Celebrates Carnival Cruise Line's New Flagship GALVESTON, Texas, Feb. 26, 2024 /PRNewswire/ -- The stars were out in Texas on Saturday as Carnival Cruise Line celebrated the naming of its new flagship Carnival Jubilee, global music superstar Gwen Stefani was honored as the ship's godmother, and Feb. 24 was declared "Carnival Jubilee Day" by Galveston Mayor Craig Brown – all on the same day that marked the 100th birthday of the late Ted Arison, Carnival Cruise Line's founder. To see highlights from the event, click here.Carnival Cruise Line celebrated the naming of its new flagship, Carnival Jubilee, by honoring global music superstar Gwen Stefani as the ship’s godmother."We hold a very warm place in our hearts for Carnival Cruise Line because they initiated the entire cruise industry for the City of Galveston. They were the first and will always be first in our hearts," said Brown.Stefani spent the day on the ship, visiting the bridge to meet the captain and blowing the ship's horn and then cutting the ribbon at several venues including:Joining Carnival Chief Culinary Officer Emeril Lagasse at his newest Emeril's Bistro on Carnival's Excel class shipsThe St. Jude Children's Research Hospital's sculpture, where she met Ty Crowninshield who drew the artwork that inspired the sculpture while he was a patient at the hospitalThe EFFY Jewelry store, where she was presented with her godmother gift of an EFFY Legacy panther ring.After a cocktail reception and celebratory lunch, the invited guests of public officials, community leaders, travel advisors, business partners and Carnival cruisers attended the 45-minute naming ceremony in the ship's theater. Noting that Carnival Jubilee is the first brand new ship to be homeported in Galveston, and the first cruise ship to be christened in Galveston, Carnival Cruise Line President Christine Duffy welcomed the guests and thanked the Galveston community for their decades of support. And with reference to the embossed Texas star on the bow of the ship, she assured them that Galveston is Carnival Jubilee's forever home.Story continuesCarnival also used the occasion to celebrate its relationships with its two national charitable partners. Duffy announced that after meeting its goal of $33 million for St. Jude by 2024, the company has set a new pledge goal of $50 million by 2030. And a specially-designed pair of Carnival Jubilee-themed cowboy boots by Houston-based Parker Boot Co. were auctioned off for $25,000 to benefit Operation Homefront, which is dedicated to supporting military families."I know she has been honored in so many ways for her music with numerous awards and a star on the Hollywood Walk of Fame, and now she has a ship!," said Duffy as she introduced Stefani.  "She's also put giving back as an important focus in her life, especially to a number of children's causes, so we are truly thrilled to have Gwen as the Godmother of our flagship Carnival Jubilee!"As she joined Duffy and Captain Stefano Bonica on stage, Stefani blessed and named the ship, and then pulled a lasso rope and lever that released the champagne bottle that struck the ship's bow to officially christen Carnival Jubilee. Stefani then treated the guests to a private concert of some of her hit songs, including "Just a Girl," "The Sweet Escape" and "Hollaback Girl."Carnival Jubilee is homeported year-round in Galveston, sailing week-long Western Caribbean cruises. The ship is powered by a liquefied natural gas (LNG) technology platform and accommodates 6,500 guests and 1,750 crew. Leveraging technology and enriched by detailed theming, the ship celebrates the sea and features the ultimate fun, from a top-deck roller coaster to a resort-like retreat. Carnival recently announced that a fourth Excel sister ship will join Carnival Jubilee, Carnival Celebration and Mardi Gras in 2027.Click here to watch the special ceremony.  For additional information on Carnival Cruise Line and to book a cruise vacation, call 1-800-CARNIVAL, visit www.carnival.com, or contact your favorite travel advisor or online travel site.ABOUT CARNIVAL CRUISE LINECarnival Cruise Line, part of Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), is the first cruise line to sail over 100 million guests and is proud to be known as America's Cruise Line, for carrying more Americans and serving more U.S. homeports than any other. Since its founding in 1972, Carnival has continually revolutionized the cruise industry and popularized the cruise vacation as an affordable and fun travel option. Carnival operates from 14 U.S., two Australian homeports and seasonally from Europe, and employs more than 48,000 team members representing 120 nationalities. Carnival's fleet of 27 ships reflects an exciting period of growth since 2021. Carnival's next new guest offering will be the all-new exclusive destination, Celebration Key, set to debut on Grand Bahama in summer 2025. Gwen Stefani tours Carnival Jubilee and pushes the button on the iconic Carnival funnel horn.CisionView original content to download multimedia:https://www.prnewswire.com/news-releases/global-music-superstar-gwen-stefani-names-carnival-jubilee-marking-first-cruise-ship-christening-in-galveston-302071142.htmlSOURCE Carnival Cruise Line

PR Newswire

GLOBAL MUSIC SUPERSTAR GWEN STEFANI NAMES CARNIVAL JUBILEE, MARKING FIRST CRUISE SHIP CHRISTENING IN GALVESTON

https://finance.yahoo.com/news/global-music-superstar-gwen-stefani-142800147.html

aa4973f7-e421-3479-8f94-6524e7f6f11d

CCL

132-day Grand World Voyage on Volendam will call 47 ports in 39 countries SEATTLE, Feb. 26, 2024 /CNW/ -- Holland America Line is set to sail one of its most ambitious Grand World Voyages in 2026. The meticulously planned 132-day cruise will span all seven continents, including a special four-day Antarctic Experience. Details were announced today by President Gus Antorcha to 2024 Grand World Voyage guests aboard Zuiderdam, which is currently sailing in between Okinawa and Tokyo.The Grand World Voyage will be aboard Volendam in 2026, providing guests with an intimate experience on one of the cruise line's smaller ships, providing an exciting opportunity to cruise France's Gironde Estuary and visit Bordeaux. The voyage will visit 47 ports across 39 countries on an east-to-west route, sailing roundtrip from Fort Lauderdale, Florida — traveling as far south as Antarctica and north all the way up to Oslo, Norway."We asked thousands of past guests and travel advisors for their opinions about the perfect Grand World Voyage, so this may be one of our most thoroughly researched routes ever for a world cruise," Antorcha told world cruise guests. "This itinerary includes destinations we know guests love, packed with memorable moments and overnight stays. We are purposefully visiting fewer ports to allow more time to explore the destinations we visit and to create a voyage that does not feel rushed."Starting today, travelers interested in the 2026 Grand World Voyage can call Holland America Line's World Cruise Reservations Desk or their travel advisor to make a deposited Future Cruise Request. Guests with a deposited Future Cruise Request will get priority booking confirmation before officially opening to the public.2026 Grand World Voyage Highlights —Volendam132-day voyage. Departs Jan. 4 2026, roundtrip from Fort Lauderdale.Heads south along the East Coast of South America, crossing the equator and sails down to Antarctica. Makes way to Easter Island before traversing the islands of the South Pacific en route to Australia. Explores the Great Barrier Reef, Singapore and the Maldives, then calls at Alexandria, Egypt, for an overnight stay before meandering through the Mediterranean and northern Europe before an Atlantic Ocean crossing.47 total ports in 39 countries across seven continents.9 overnight calls: Rio de Janeiro, Brazil; Papeete, Tahiti; Sydney, Australia; Bali, Indonesia; Singapore; Malé, Maldives; Safaga (Luxor) and Alexandria (Cairo), Egypt; and Lisbon, Portugal.5 late-night departures: Bahia d' Opunoha, French Polynesia; Colombo, Sri Lanka; Civitavecchia (Rome), Italy; Oslo, Norway; San Juan, Puerto Rico.Memorable Moments: Four-day Antarctic Experience, scenic cruising of Chilean fjords, a visit to Easter Island followed by scenic cruising Pitcairn Island, a call at Bordeaux paired with scenic cruising of Gironde Estuary.Story continuesEarly Booking Bonus BenefitsFor a limited time, guests who book the 132-day Grand World Voyage receive up to $2000 USD in onboard credit per guest, a 3% pay in full discount, a free Wi-Fi Surf package and more. Additional perks for all guests who book early include a $500 USD air credit per person if booked through Flight Ease and complimentary roundtrip airport transfers to and from the Fort Lauderdale airport.Additional extras can include complimentary luggage delivery service to and from the Fort Lauderdale airport, prepaid crew appreciation and laundry and drycleaning service when booking certain stateroom categories. Terms and conditions apply. Once the voyage is live for purchase, full details will be available at hollandamerica.com.A Grand Onboard ExperienceOn each Grand Voyage, Holland America Line ships provide gracious service, superior amenities and unexpected experiences. Guests can relax during leisurely days at sea, taking advantage of the extra time to participate in shipboard activities. Shipboard entertainment shines in the evening with local cultural performers and special guest headliners. Festive gala balls and dressy nights create memorable moments, along with a Captain's Grand Voyage Dinner. Dining is elevated to a new level on each Grand Voyage with menus that change daily and are seldom repeated, featuring local ingredients and regional cuisine.Guests who want to make a Future Cruise Request for a stateroom on the 2026 Grand World Voyage can contact their travel advisor or call World Cruise Reservations: 1-800-522-3399.For more information about other Holland America Line voyages, consult a travel advisor, call 1-877-SAIL HAL (877-724-5425) or visit hollandamerica.comFind Holland America Line on Twitter, Facebook, Instagram and the Holland America Blog. You can also access all social media outlets via the home page at hollandamerica.com.About Holland America Line About Holland America Line [a division of Carnival Corporation and plc (NYSE: CCL and CUK)]Holland America Line has been exploring the world for 150 years with expertly crafted itineraries, extraordinary service and genuine connections to destinations. Offering an ideal perfectly-sized ship experience, its fleet visits nearly 400 ports in 114 countries around the world and has shared the thrill of Alaska for 75 years — longer than any other cruise line. Holland America Line's 11 vessels feature a diverse range of enriching activities and amenities focused on destination immersion and personalized travel. Guests enjoy the best entertainment at sea each evening and dining venues featuring exclusive dishes by world-famous chefs. A new global fresh fish program brings more than 80 types of fresh fish on board, sourced and served locally in regions around the world.CONTACT:Bill ZuckerPHONE:800-637-5029,EMAIL: [email protected] original content to download multimedia:https://www.prnewswire.com/news-releases/holland-america-line-visits-all-seven-continents-and-includes-an-antarctic-experience-on-2026-grand-world-voyage-302071132.htmlSOURCE Holland America LineCisionView original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2024/26/c5289.html

CNW Group

Holland America Line Visits All Seven Continents and Includes an Antarctic Experience on 2026 Grand World Voyage

https://finance.yahoo.com/news/holland-america-line-visits-seven-143000510.html

91b9fd22-81d8-301b-8348-2c59a521e805

CCL

The market has had a strong start in 2024. Keeping the rally going in the third month of this year won't be easy, but there are two stocks that I think can deliver serious upside in March.Carnival Corp. (NYSE: CCL) reports quarterly results later this month. Disney (NYSE: DIS) is going to make sure that it generates positive headlines in March heading into a contested shareholder meeting in early April. They are both big brands with explosive potential to keep moving higher in March. Let's take a closer look.1. CarnivalThe seas are open again for the cruise line industry, and Carnival is coasting. The world's largest cruise ship operator is now shattering pre-pandemic records in most key metrics, a significant milestone given Carnival is in the travel segment that was hit the hardest by the COVID-19 crisis following prolonged shutdowns worldwide.It's not just record revenue that Carnival posted when it delivered blowout financial results for the fiscal fourth quarter that ended on Nov. 30. The cruise line closed out fiscal 2023 with $6.4 billion in customer deposits for future sailings, 25% higher than it's ever been at the end of any fiscal year. Net per diems (the average net revenue per passenger for each cruise day) and net yields (revenue without the more variable expenses that include air transportation costs, travel agent commissions, and smaller direct costs) are also at high-water marks.It's not just the top line that's riding the love boat. Despite four years of surging cost inflation, adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) is 500 basis points higher than it was in 2019 on a constant currency basis if you exclude fuel expenses.Image source: Getty Images.Carnival has yet to announce when it will discuss financial results for the fiscal first quarter that ended two weeks ago. It has historically happened in the last few days of March. If investors appreciated the fourth-quarter numbers they heard in late December, they're probably going to like what they get later this month.Story continuesCarnival's two largest rivals operate on calendar quarters, and both of them have delivered spectacular results and raised guidance in recent weeks. Carnival may have had record sums of reservations on its books at the end of last year, but the early reports on wave season -- the peak promotional period that runs from the holidays through March -- from its peers have been great.Momentum is already strong for Carnival. It finally posted a quarterly profit for the first time since 2019 during its peak summer season last year, but the more interesting catalyst here is how analysts are asleep at the helm's wheel. Carnival isn't just beating expectations on the bottom line. The degree of the beat is intensifying with every passing quarter.QuarterEPS EstimateActualSurpriseQ4 2022($0.87)($0.85)2%Q1 2023($0.60)($0.55)8%Q2 2023($0.34)($0.31)9%Q3 2023$0.75$0.8615%Q4 2023($0.13)($0.07)46%Data source: Yahoo! Finance. EPS = earnings per share.Carnival shares more than doubled last year, but the stock is still cheap. The shares are trading for 16 times this year's projected earnings and 12 times next year's profit. You could've bought Carnival stock at the start of last year for less than 6 times what it's now expected to earn next year. As a bonus, Wall Street pros have been consistently aiming too low throughout Carnival's recovery. March could be pretty good for cruise line stocks in general -- and Carnival shareholders in particular.2. DisneyUnlike Carnival, Disney investors can't be happy with their 2023 stock chart. The media giant has fallen short of the market averages for three consecutive years, but it's off to a strong start in 2024. Disney enters this new trading week up 22% this year, tripling the market's year-to-date return.Disney isn't reporting quarterly results in March. Its next financial update will take place in May. However, it does have two different activist groups trying to wrestle away board seats at the April 3 annual shareholder meeting. Disney is throwing everything but the kitchen Swift at them. Yes, I said Swift, as in Taylor Swift. It's not a coincidence that Disney outbid rival services to secure streaming rights for the record-breaking Taylor Swift: The Eras Tour concert film, launching it on Disney+ this Thursday night.It's also obviously deliberate that Disney announced a 50% dividend hike last month, more than five months before the semiannual distribution will be paid. There have been well-received announcements in recent weeks covering everything from the dismissal of a key executive at its disappointing studio division, as well as an earlier-than-anticipated opening for a new ride at Disney World. Disney should win this proxy battle, but it will likely keep the trickle of good news going through March ahead of the annual meeting. The House of Mouse has momentum. It's not going to squander it this month.Should you invest $1,000 in Carnival Corp. right now?Before you buy stock in Carnival Corp., consider this:The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Carnival Corp. wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.See the 10 stocks*Stock Advisor returns as of March 11, 2024Rick Munarriz has positions in Walt Disney. The Motley Fool has positions in and recommends Walt Disney. The Motley Fool recommends Carnival Corp. The Motley Fool has a disclosure policy.2 Potentially Explosive Stocks to Buy in March was originally published by The Motley Fool

Motley Fool

2 Potentially Explosive Stocks to Buy in March

https://finance.yahoo.com/news/2-potentially-explosive-stocks-buy-155500122.html

8adb87fa-a96d-326b-abc9-86eb48d6ee7e

CCL

In this article, we will be covering the 20 largest travel companies in the world. If you want to skip our detailed analysis of the travel and tourism industry, you can go directly to 5 Largest Travel Companies In The World.The travel and tourism sector plays a vital role in global economies. It creates jobs, fosters cultural exchange, and supports local businesses. It promotes understanding between nations while also contributing significantly to GDP growth. According to the World Travel & Tourism Council (WTTC), travel and tourism accounted for 7.6% of global GDP in 2022 while also creating 22 million new jobs around the world.An Analysis of the Global Travel and Tourism IndustryThe travel and tourism sector plays a crucial role in addressing societal and economic challenges. The industry is now thriving after being severely impacted during the peak of the COVID-19 crisis, which led to travel restrictions, cancellations, and a sharp decline in tourism activities. According to a report by Market Research Future, the global travel and tourism market reached a value of $648.03 billion in 2023. The market is expected to grow at a compound annual growth rate (CAGR) of 5.8% from 2023 to 2032 and reach a value of more than $1.01 trillion by the end of the forecasted period. The North American region leads the global travel and tourism market, while Europe follows as the second-largest market. The Asia-Pacific region is anticipated to exhibit the fastest growth in the industry during the forecasted period.The travel and tourism market is undergoing a digital transformation with online booking platforms, travel agencies, mobile apps, and online travel-related services driving growth by enhancing connectivity and providing convenient and personalized traveler experiences. The trend of cultural and experiential tourism, with travelers seeking authentic, immersive experiences, unique destinations, and local experiences, is also a key factor driving market growth. Moreover, the rise in disposable incomes, especially in emerging markets, is leading to increased tourism. More people have the means to explore domestic and international destinations. According to the World Travel & Tourism Council (WTTC), domestic visitor spending saw an increase of 20.4% in 2022. On the other hand, international visitor spending went up by 81.9% in 2022.Story continuesWhat are Some of the Biggest Companies in the Travel and Tourism Industry Up To?Prominent companies in the travel and tourism industry are actively pursuing various strategies to expand their global presence and increase their profitability. Some of the most notable names are Marriott International Inc. (NYSE:MAR), Hilton Worldwide Holdings Inc. (NYSE:HLT), and Booking Holdings Inc. (NASDAQ:BKNG).Booking Holdings Inc. (NASDAQ:BKNG) is one of the world’s largest providers of online travel and related services. It provides online travel services in more than 220 countries through its brands which include Booking.com, Priceline, Agoda, KAYAK, and OpenTable. Booking Holdings Inc. (NASDAQ:BKNG) is also one of the best travel stocks to buy. On February 22, Booking Holdings Inc. (NASDAQ:BKNG) reported strong earnings for the fiscal fourth quarter of 2023. The company reported earnings per share (EPS) of $32, surpassing EPS estimates by $1.95. The company’s revenue for the quarter grew by 18.15% year-over-year and amounted to $4.78 billion, ahead of market consensus by $73.37 million. Here are some comments from Booking Holdings Inc.’s (NASDAQ:BKNG) Q4 2023 earnings call:“As we look to the year ahead, we see strong growth on the books for travel that’s scheduled to take place in 2024, which gives early indications of potentially another record summer travel season. As we’ve noted previously, a high percentage of these bookings are capable and what is on the books today for the summer period represents a small percentage of the total bookings that we expect to ultimately receive. David will provide further details on fourth quarter results and on our thoughts about the first quarter and full year 2024. Looking back at the full year of 2023, I am proud of our efforts to drive more benefits to our travelers and supply partners while also delivering record-setting industry-leading financial results. We reached a significant milestone last year with our customers’ booking an all-time high of over 1 billion room nights on our platform, which was an increase of 17% versus 2022.”As the demand for travel and tourism continues to grow, companies operating in this space are launching new products, engaging in mergers and acquisitions, increasing investments, and forming contracts and collaborations. Marriott International Inc. (NYSE:MAR) is an American multinational hospitality company. It operates and franchises hotels and licenses vacation ownership resorts in more than 130 countries around the world. On March 7, Marriott International Inc. (NYSE:MAR) announced that it has entered into an agreement with Victoria Park Hotels Ltd. to launch The Park Lane Hong Kong, Autograph Collection. This new addition is set to become part of Autograph Collection Hotels by early 2025. Autograph Collection Hotels’ portfolio includes more than 300 independent properties in some of the most desirable locations around the world. Situated within a 28-story mixed-use complex featuring retail spaces on the lower floors, the new hotel is projected to have 820 guest rooms, an executive lounge, 3 unique dining venues, extensive event spaces spanning over 1,700 square meters, and various recreational facilities. Some of the guest rooms will boast stunning views of Victoria Harbour, while others will overlook the city or Victoria Park in Hong Kong.On February 7, Hilton Worldwide Holdings Inc. (NYSE:HLT) announced an exclusive strategic partnership with Small Luxury Hotels of the World (SLH) that will introduce guests of Hilton Worldwide Holdings Inc. (NYSE:HLT) to a wide range of hotels in some of the most popular destinations around the world. This collaboration will significantly enhance Hilton Worldwide Holdings Inc.’s (NYSE:HLT) luxury offerings as unique SLH properties become part of the esteemed Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, and LXR Hotels & Resorts brands.Now that we have discussed what’s going on in the global travel and tourism industry, let’s take a look at the 20 largest travel companies in the world.20 Largest Travel Companies In The WorldA line of travellers queuing for a commercial flight, emphasizing the airport management operations.MethodologyIn this article, we have listed the 20 largest travel companies in the world. To find the top travel companies in the world, we sifted through various sources including industry reports, our own rankings in addition to rankings available on various websites, and consulted stock screeners from Yahoo Finance and Finviz. For companies that are publicly traded, we decided to rank them according to their market capitalization as of March 9. We used fiscal year revenues to rank the companies that are not publicly traded. For foreign companies, we converted the market caps and revenues to US dollars according to their respective exchange rates, as of March 9. Finally, we narrowed down our selection to rank the 20 largest travel companies in the world based on their market capitalization and revenues, which are listed below in ascending order.20 Largest Travel Companies In The World20. Host Hotels & Resorts Inc. (NYSE:HST)Market Capitalization: $14.9 BillionHost Hotels & Resorts Inc. (NYSE:HST) is a major American lodging real estate investment trust (REIT) that invests in hotels. It owns a diverse portfolio of luxury and upper-upscale hotels. Host Hotels & Resorts Inc. (NYSE:HST) has a market capitalization of $14.9 billion as of March 9, 2024.19. Hyatt Hotels Corporation (NYSE:H)Market Capitalization: $16.12 BillionHyatt Hotels Corporation (NYSE:H) is an American multinational hospitality company. As one of the world’s top hospitality companies, it manages and franchises luxury and business hotels, resorts, and vacation properties in more than 70 countries across 6 continents. As of March 9, 2024, Hyatt Hotels Corporation (NYSE:H) has a market capitalization of $16.12 billion.18. InterContinental Hotels Group PLC (NYSE:IHG)Market Capitalization: $17.4 BillionInterContinental Hotels Group PLC (NYSE:IHG) is a British multinational hospitality company. With more than 6,000 hotels in over 100 countries, it is one of the world’s leading hotel companies. InterContinental Hotels Group PLC (NYSE:IHG) has a market capitalization of $17.4 billion as of March 9, 2024. It ranks 18th on our list of the 20 biggest travel companies in the world.17. Expedia Group Inc. (NASDAQ:EXPE)Market Capitalization: $18.5 BillionExpedia Group Inc. (NASDAQ:EXPE) is an American travel technology company. As one of the top travel agencies in the world, it owns and operates various brands including Expedia, Hotels.com, CarRentals.com, Vrbo, Travelocity, Trivago, Orbitz, Ebookers, CheapTickets, and Expedia Cruises. As of March 9, 2024, Expedia Group Inc. (NASDAQ:EXPE) has a market capitalization of $18.5 billion.16. Southwest Airlines Co. (NYSE:LUV)Market Capitalization: $20.44 BillionSouthwest Airlines Co. (NYSE:LUV) is an American airline company. It offers low-cost air travel service with frequent flights of mostly short routes. As one of the biggest travel companies in the world, Southwest Airlines Co. (NYSE:LUV) has a market capitalization of $20.44 billion as of March 9, 2024.15. Qatar Airways GroupRevenue: $21 BillionQatar Airways Group is the flag carrier of Qatar. Owned by the Government of Qatar, it is one of the world’s top airlines and it currently flies to over 170 international destinations. Qatar Airways Group generated an annual revenue of $21 billion in the year 2022-2023. It ranks among the top 15 on our list of the 20 largest travel companies in the world.14. Carnival Corporation & plc (NYSE:CCL)Market Capitalization: $21.38 BillionCarnival Corporation & plc (NYSE:CCL) is a British-American cruise operator. As one of the world's largest leisure travel companies, it owns some of the most well-known cruise line brands in North America, the United Kingdom, Germany, Italy, and Australia. Carnival Corporation & plc (NYSE:CCL) has a market capitalization of $21.38 billion as of March 9, 2024.13. Galaxy Entertainment Group Limited (SEHK:0027)Market Capitalization: $21.83 BillionGalaxy Entertainment Group Limited (SEHK:0027) is one of Asia’s top developers and operators of integrated entertainment and resort facilities. It owns and operates a broad portfolio of integrated resort, retail, dining, hotel, and gaming facilities in Macau. As one of the top travel companies in the world, Galaxy Entertainment Group Limited (SEHK:0027) has a market capitalization of $21.83 billion as of March 9, 2024.12. Delta Air Lines Inc. (NYSE:DAL)Market Capitalization: $27.17 BillionDelta Air Lines Inc. (NYSE:DAL) is one of America’s major airlines. It is also one of the world’s largest airlines by number of passengers carried. As one of the top travel companies in the world, Delta Air Lines Inc. (NYSE:DAL) has a market capitalization of $27.17 billion as of March 9, 2024.11. Amadeus IT Group S.A. (BME:AMS)Market Capitalization: $27.31 BillionAmadeus IT Group S.A. (BME:AMS) is a Spanish multinational technology company that develops technology and software for airlines, travel agencies, hotels, payment providers, and other travel-related businesses to enhance their operations and customer experiences. With a presence in more than 190 countries, the company provides software solutions for the global travel and tourism industry. As of March 9, 2024, Amadeus IT Group S.A. (BME:AMS) has a market capitalization of $27.31 billion.10. Trip.com Group Limited (NASDAQ:TCOM)Market Capitalization: $28.27 BillionTrip.com Group Limited (NASDAQ:TCOM) is a multinational travel service company that ranks among the top 10 on our list of the largest travel companies in the world. It owns and operates several travel agencies and travel fare aggregators including Ctrip, Qunar, Trip.com and Skyscanner. As of March 9, 2024, Trip.com Group Limited (NASDAQ:TCOM) has a market capitalization of $28.27 billion.9. Ryanair Holdings plc (NASDAQ:RYAAY)Market Capitalization: $32.3 BillionRyanair Holdings plc (NASDAQ:RYAAY) is an Irish airline company. As one of Europe's largest airline groups, it is the parent company of Ryanair, Ryanair UK, Buzz, Lauda, and Malta Air. With a market capitalization of $32.3 billion as of March 9, 2024, Ryanair Holdings plc (NASDAQ:RYAAY) ranks 9th on our list of the 20 largest travel companies in the world.8. Emirates GroupRevenue: $32.6 BillionEmirates Group is Dubai’s state-owned international aviation holding company. It owns Dubai National Air Travel Agency (dnata), an airport and ground services company, and Emirates Airline, one of the largest airlines in the Middle East. Emirates Group generated an annual revenue of $32.6 billion in the year 2022-2023.7. Royal Caribbean Cruises Ltd. (NYSE:RCL)Market Capitalization: $32.71 BillionRoyal Caribbean Cruises Ltd. (NYSE:RCL) is a global cruise holding company that owns and operates cruise brands including Royal Caribbean International, Celebrity Cruises, and Silversea Cruises. As one of the world’s largest cruise line operators, Royal Caribbean Cruises Ltd. (NYSE:RCL) has a global fleet of 65 ships traveling to around 1,000 destinations around the world. The company has a market capitalization of $32.71 billion as of March 9, 2024.6. Las Vegas Sands Corp. (NYSE:LVS)Market Capitalization: $38.81 BillionLas Vegas Sands Corp. (NYSE:LVS) is an American casino and resort company that owns and operates integrated resorts in Macao and Singapore. As a driver of valuable leisure and business tourism, it is one of the world’s largest hotel and casino companies. With a market capitalization of $38.81 billion as of March 9, 2024, Las Vegas Sands Corp. (NYSE:LVS) ranks 6th on our list of the 20 largest travel companies in the world.Click to continue reading and see 5 Largest Travel Companies In The World.Suggested Articles:40 Most Polluted Cities in the World in 202420 Countries with the Strongest Paramilitary Forces in the World15 Sunniest Cities in EuropeDisclosure: None. 20 Largest Travel Companies In The World is published on Insider Monkey.

Insider Monkey

20 Largest Travel Companies In The World

https://finance.yahoo.com/news/20-largest-travel-companies-world-180018353.html

f7019cdb-8fb0-3878-92c1-5d248c647fc3

CDNS

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about Cadence Design Systems (CDNS) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Cadence currently has an average brokerage recommendation (ABR) of 1.42, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 12 brokerage firms. An ABR of 1.42 approximates between Strong Buy and Buy.Of the 12 recommendations that derive the current ABR, nine are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 75% and 8.3% of all recommendations.Brokerage Recommendation Trends for CDNSBroker Rating Breakdown Chart for CDNSCheck price target & stock forecast for Cadence here>>>The ABR suggests buying Cadence, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation.Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements.Story continuesWith an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near -term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision.Zacks Rank Should Not Be Confused With ABRAlthough both Zacks Rank and ABR are displayed in a range of 1-5, they are different measures altogether.Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide.On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.Is CDNS Worth Investing In?Looking at the earnings estimate revisions for Cadence, the Zacks Consensus Estimate for the current year has increased 5% over the past month to $5.87.Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term.The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #1 (Strong Buy) for Cadence. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Therefore, the Buy-equivalent ABR for Cadence may serve as a useful guide for investors.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 reportCadence Design Systems, Inc. (CDNS) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Wall Street Analysts Think Cadence (CDNS) Is a Good Investment: Is It?

https://finance.yahoo.com/news/wall-street-analysts-think-cadence-143011669.html

f0742045-037c-31f9-b7c3-a58f466f41ec

CDNS

The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Cadence Design Systems (CDNS) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.Cadence Design Systems is a member of the Computer and Technology sector. This group includes 621 individual stocks and currently holds a Zacks Sector Rank of #11. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Cadence Design Systems is currently sporting a Zacks Rank of #1 (Strong Buy).Over the past 90 days, the Zacks Consensus Estimate for CDNS' full-year earnings has moved 5.4% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.Based on the latest available data, CDNS has gained about 11.4% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 9.4% on a year-to-date basis. This shows that Cadence Design Systems is outperforming its peers so far this year.Another Computer and Technology stock, which has outperformed the sector so far this year, is Fair Isaac (FICO). The stock has returned 10.2% year-to-date.The consensus estimate for Fair Isaac's current year EPS has increased 2.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).Looking more specifically, Cadence Design Systems belongs to the Computer - Software industry, a group that includes 36 individual stocks and currently sits at #80 in the Zacks Industry Rank. On average, this group has gained an average of 8.3% so far this year, meaning that CDNS is performing better in terms of year-to-date returns.Story continuesOn the other hand, Fair Isaac belongs to the Computers - IT Services industry. This 39-stock industry is currently ranked #80. The industry has moved +7.8% year to date.Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to Cadence Design Systems and Fair Isaac as they could maintain their solid performance.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 reportCadence Design Systems, Inc. (CDNS) : Free Stock Analysis ReportFair Isaac Corporation (FICO) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Are Computer and Technology Stocks Lagging Cadence Design Systems (CDNS) This Year?

https://finance.yahoo.com/news/computer-technology-stocks-lagging-cadence-144010820.html

264a498e-d82f-306c-babb-da42947e040e

CDNS

NORTHAMPTON, MA / ACCESSWIRE / March 11, 2024 / Cadence is pleased to congratulate the 12 recipients of Cadence's 2023 Women in Technology Scholarship, highlighting their achievements and sharing their inspirational academic journeys.In a year of phenomenal growth for the Cadence Diversity in Technology Scholarship program, submissions to the Women in Technology Scholarship reached the highest-ever total number of student applicants. Recognized by our selection committee as accomplished women in their field, we are proud to support these recipients in their work in pursuit of technical degrees. Each of our recipients was awarded a scholarship based on their strong academic records, work in the community, leadership potential, and recommendations from professors. Get to know our impressive class of future innovators by reading more about their journeys below.Hear directly from the students in a short video as they dive into their personal experiences, post-graduation goals, and what drives them to shape the world of technology.Thank you to everyone who submitted applications this year, we hope to continue to reach STEM students from underrepresented groups with our upcoming scholarships. We also want to thank the talented individuals who were selected for sharing their inspiring stories and expressing how these programs have positively impacted their studies. We look forward to seeing where their passions take them next.Arisa Chue,Stanford University"My academic interests include exploring the intersection of the abstract concepts of linguistics and the concrete subject of natural language processing (NLP). From the basics of using artificial intelligence to translate our speech, I am researching how machines can better comprehend our jargon. More specifically, discovering ways, for we as programmers, to improve these machines and increase their capabilities."Ecy King,Stanford University"My educational computer science comic book, Bit by Bit, will be published globally by the Stanford University Press on June 4, 2024. I am very much looking forward to being more involved with that post-grad. Ideally, I would pursue something that is technical, creative, and educational, maybe in the tech, EdTech, or educational sector. In the meantime, I am on the lookout for opportunities, spaces, and places that inspire me to continue to grow while making a positive impact in the world."Story continuesHyunsu Chae,University of Texas at Austin"After graduation, I would like to secure an industry position, preferably in R&D. I would like to apply my research and the knowledge I've gained through academics to real-world scenarios and provide insight to practical challenges within the field, leading to innovation. In the long term, I would like to contribute to the academic community, particularly back in Korea. I hope to engage with young aspiring engineers, share my experiences, and provide guidance serving as a mentor while representing women in engineering."Iwinosa Aideyan,Clemson University"Embrace your uniqueness and leverage it as a source of strength. Don't be discouraged by challenges or stereotypes. Seek mentors and allies who can provide guidance and support. Be proactive in finding opportunities, whether through internships, clubs, or research projects. Your perspective is valuable, and your presence can drive positive change in the field. Stay resilient, believe in yourself, and remember that diversity and inclusion are essential for innovation and progress in the world of engineering. Your journey will inspire others."Layla Ghalayini,Georgia Institute of Technology"I was inspired [to study a technical field] by the seemingly infinite possibilities to enact positive change in my community and the world! There are many resources available to support you on your journey-you just have to find them and take advantage of the opportunities. Do not be afraid to ask for help."Lily Chen,Massachusetts Institue of Technology"I've loved math since I was young, which led me to study mathematics and computer science in college. Furthermore, I am inspired by the AI researchers and innovators of our time. Looking back on my academic journey, I would advise future students in STEM to find experienced mentors, as well as connect and collaborate with peers."Mansi Sood,Carnegie Mellon University"The scholarship will provide immense support in my academic journey, and it will also help me pursue initiatives aimed at making educational opportunities and resources accessible to all. It is helpful to invest in building a strong support network. Actively seek mentors who can guide and inspire you and, in turn, become a mentor to others, creating a cycle of support and growth."Nishith Chakraborty,University of Tennessee, Knoxville"Upon completing my studies, my intention is to assume the role of an assistant professor in electrical and computer engineering. I perceive this as the most effective avenue for me to engage in cutting-edge research and positively influence the lives of students, particularly those hailing from underrepresented communities. I am confident that my personal experiences can offer valuable support to individuals facing challenges in this field."Precious Kolawole,Carleton University"Unlike many other people's stories, I wasn't exposed to technology while growing up, which was influenced by my family's inability to afford electronics and gadgets. Studying medicine has been my childhood dream, but I subsequently was accepted to study physiotherapy at a Nigerian university three years after high school. However, my brother introduced me to technology during the three-year waiting period. My interest in studying a technical field was sparked and started to take shape when I saw the possibilities of combining medicine with technology. I also realized the extent to which healthcare could be made more accessible via the applications of artificial intelligence. Therefore, I left my medical degree program to pursue a bachelor's in computer science at Carleton University in Canada."Promise Ekpo,Cornell University"My PhD research investigates techniques to enable safe cooperation and ensure alignment between humans and robots while collaborating in team settings. My long-term goal is to evolve into a reinforcement learning researcher who actively contributes to addressing safety concerns in robotic systems by developing algorithms. Post-graduation, I plan to pursue a robotics research career in the industry."Saba Mansour,Cornell University"I believe that academia plays one of the most decisive roles in reducing inequality. Thus, my advice for students from underrepresented groups is to not let any negative thoughts affect what major they choose to study or how big they dream. Instead, they should feel encouraged to participate more in all aspects of society. Everyone has the right to choose their desired academic journey and higher education is available to all talented students."Sneha Narasimhan,North Carolina State University"My post-graduation plans involve pursuing a research-oriented position working on real-world engineering problems. I am eager to apply the knowledge and skills I've gained during my studies to contribute to advancements in my field. Furthermore, I aim to actively volunteer within the power electronics community, working towards fostering inclusivity and generating additional opportunities for underrepresented groups, as giving back is important to me."Learn more about the Diversity in Technology Scholarship Program and check out our past recipients.View additional multimedia and more ESG storytelling from Cadence Design Systems on 3blmedia.com.Contact Info:Spokesperson: Cadence Design SystemsWebsite: https://www.3blmedia.com/profiles/cadence-design-systemsEmail: [email protected]: Cadence Design SystemsView the original press release on accesswire.com

ACCESSWIRE

Congratulations to Cadence's 2023 Women in Technology Scholarship Recipients

https://finance.yahoo.com/news/congratulations-cadences-2023-women-technology-204500447.html

b81cc954-f75c-37f9-82e3-658623bafb93

CDNS

In the latest trading session, Cadence Design Systems (CDNS) closed at $305.74, marking a -0.93% move from the previous day. This change lagged the S&P 500's 0.11% loss on the day. Elsewhere, the Dow saw an upswing of 0.12%, while the tech-heavy Nasdaq depreciated by 0.41%.Heading into today, shares of the maker of hardware and software products for validating chip designs had lost 1.07% over the past month, lagging the Computer and Technology sector's gain of 1.42% and the S&P 500's gain of 2.7% in that time.Investors will be eagerly watching for the performance of Cadence Design Systems in its upcoming earnings disclosure. In that report, analysts expect Cadence Design Systems to post earnings of $1.13 per share. This would mark a year-over-year decline of 12.4%. Simultaneously, our latest consensus estimate expects the revenue to be $1.02 billion, showing a 0.53% drop compared to the year-ago quarter.For the full year, the Zacks Consensus Estimates project earnings of $5.93 per share and a revenue of $4.59 billion, demonstrating changes of +15.15% and +12.24%, respectively, from the preceding year.Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Cadence Design Systems. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 4.83% higher. Cadence Design Systems presently features a Zacks Rank of #2 (Buy).Story continuesInvestors should also note Cadence Design Systems's current valuation metrics, including its Forward P/E ratio of 52. This valuation marks a premium compared to its industry's average Forward P/E of 31.09.Meanwhile, CDNS's PEG ratio is currently 3.05. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Computer - Software industry held an average PEG ratio of 2.37.The Computer - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 46, positioning it in the top 19% 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.Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.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 reportCadence Design Systems, Inc. (CDNS) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Cadence Design Systems (CDNS) Suffers a Larger Drop Than the General Market: Key Insights

https://finance.yahoo.com/news/cadence-design-systems-cdns-suffers-215019929.html

38250cdb-3c5a-3196-8f03-5b5c6b5256a9

CDW

VERNON HILLS, Ill., February 19, 2024--(BUSINESS WIRE)--CDW Corporation (Nasdaq: CDW), a leading multi-brand provider of information technology solutions to business, government, education and healthcare customers in the United States, the United Kingdom and Canada, today announced that Albert J. Miralles, senior vice president and chief financial officer, CDW, will present at the Raymond James 45th Annual Institutional Investors Conference to be held at the JW Marriott Orlando Grande Lakes in Orlando, Florida on Monday, March 4, 2024, at 10:35 a.m. CT/11:35 a.m. ET. The presentation will be webcast live on investor.CDW.com. An archived copy of the presentation will be available for 90 days on the same website.About CDWCDW Corporation is a leading multi-brand provider of information technology solutions to business, government, education and healthcare customers in the United States, the United Kingdom and Canada. A Fortune 500 company and member of the S&P 500 Index, CDW helps its customers to navigate an increasingly complex IT market and maximize return on their technology investments. For additional information, please visit www.CDW.com.CDWPR-FIView source version on businesswire.com: https://www.businesswire.com/news/home/20240219822179/en/ContactsInvestor Inquiries Steven O’BrienVice President, Investor Relations(847) [email protected] Inquiries Sara GranackVice President, Corporate Communications(847) [email protected]

Business Wire

CDW to Present at the Raymond James 45th Annual Institutional Investors Conference

https://finance.yahoo.com/news/cdw-present-raymond-james-45th-130000549.html

71ac74a1-2e05-32a9-b3b1-aba12f127dc7

CDW

CDW Corp's robust customer base and vendor partnerships drive its market strength.Opportunities in cloud computing and AI could propel CDW Corp's growth.Challenges include rapid technological changes and potential service delivery risks.Strategic investments and acquisitions could both offer benefits and pose integration risks.On February 26, 2024, CDW Corp (NASDAQ:CDW), a Fortune 500 company and a leading multi-brand provider of information technology solutions, filed its annual 10-K report. The filing provides a comprehensive overview of the company's financial health and strategic positioning. With a diverse customer base spanning small, medium, and large businesses, as well as government, education, and healthcare sectors, CDW Corp has reported net sales of approximately $1.6 billion across its five dedicated US customer channels, with an additional $2.6 billion generated from UK and Canadian operations. The company's financial stability is further underscored by its ability to maintain strong relationships with over 1,000 vendor partners, offering more than 100,000 products and services. This financial overview sets the stage for a detailed SWOT analysis, highlighting CDW Corp's strengths, weaknesses, opportunities, and threats as gleaned from the latest SEC filing.Warning! GuruFocus has detected 7 Warning Sign with CDW.Decoding CDW Corp (CDW): A Strategic SWOT InsightStrengthsRobust Customer and Vendor Relationships: CDW Corp's strength lies in its expansive and loyal customer base, which exceeds 250,000 entities across various sectors. The company's ability to serve a wide range of customers with tailored IT solutions is a testament to its strong market presence. Additionally, CDW Corp's partnerships with over 1,000 vendors, including industry giants like Microsoft, Cisco, and IBM, allow it to offer a comprehensive product portfolio. These relationships not only provide a competitive edge but also ensure a steady flow of innovative products and services to meet diverse customer needs.Story continuesExperienced Workforce and Industry Certifications: Another key strength is CDW Corp's skilled workforce, which includes over 10,900 customer-facing coworkers. The company's sales teams are supported by technical specialists and service delivery engineers, ensuring high-quality customer service and technical support. CDW Corp's workforce is further bolstered by industry certifications from major vendors, reflecting the company's deep product knowledge and technical capabilities. These certifications often come with benefits like favorable pricing and access to vendor incentive programs, enhancing CDW Corp's value proposition to customers.WeaknessesService Delivery Risks: As CDW Corp expands its services and solutions, it faces increased operational and regulatory risks. The reliance on third-party service providers for implementation, installation, and repair services introduces potential vulnerabilities. Any failure to provide high-quality services or disruptions could lead to legal liabilities and damage the company's reputation. Additionally, as the complexity of services offered increases, CDW Corp must navigate the associated risks to maintain its service standards.Workforce Management Challenges: The company's success hinges on its ability to attract, develop, and retain key personnel. The competitive market for skilled technology specialists and engineers poses a challenge for CDW Corp. Furthermore, labor cost increases and potential work stoppages or performance issues with outsource partners could adversely affect business operations and financial performance. Effective workforce management is crucial to sustaining growth and maintaining strong vendor and customer relationships.OpportunitiesGrowth in Technology Sectors: CDW Corp is well-positioned to capitalize on the growing demand for IT solutions driven by emerging technologies such as cloud computing, virtualization, mobility, and artificial intelligence. The company's vendor-agnostic approach allows it to adapt its offerings to include the latest technologies, providing customers with cutting-edge solutions. This adaptability opens up significant opportunities for growth and market share expansion in the rapidly evolving IT landscape.Strategic Investments and Acquisitions: CDW Corp's strategy includes pursuing strategic investments, acquisitions, and alliances to extend or complement its existing business. These initiatives offer the potential to enter new markets, enhance product and service offerings, and gain access to new customer segments. While these ventures come with inherent risks, they also present opportunities for CDW Corp to strengthen its market position and drive long-term growth.ThreatsRapid Technological Changes: The IT industry is characterized by rapid technological advancements, which can lead to increased inventory risks and product obsolescence. CDW Corp must continuously adapt its product offerings and manage inventory effectively to mitigate these risks. Additionally, changes in vendor partner terms and conditions could impact the company's procurement strategies and profitability.External Service Disruptions: CDW Corp's reliance on commercial delivery services for product shipments exposes it to risks associated with cost increases and service disruptions. Any inability to pass on delivery cost increases to customers or to deliver products on time due to service interruptions could materially affect the company's profitability and customer satisfaction levels.In conclusion, CDW Corp (NASDAQ:CDW) exhibits a strong market position with its extensive customer base, strategic vendor partnerships, and skilled workforce. The company's strengths in these areas are well-supported by its financial performance and industry certifications. However, it must address weaknesses related to service delivery risks and workforce management to maintain its competitive edge. Opportunities for growth are abundant in the technology sector, with potential gains from strategic investments and acquisitions. Nevertheless, CDW Corp must remain vigilant against threats posed by rapid technological changes and external service disruptions. Overall, the company's strategic approach and adaptability position it favorably for future success in the dynamic IT industry.This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.This article first appeared on GuruFocus.

GuruFocus.com

Decoding CDW Corp (CDW): A Strategic SWOT Insight

https://finance.yahoo.com/news/decoding-cdw-corp-cdw-strategic-050153931.html

4d6e45b8-59dd-38ec-8237-66828f0b88bd

CE

Celanese (NYSE:CE) Full Year 2023 ResultsKey Financial ResultsRevenue: US$10.9b (up 13% from FY 2022).Net income: US$1.97b (up 3.5% from FY 2022).Profit margin: 18% (down from 20% in FY 2022).EPS: US$18.10 (up from US$17.55 in FY 2022).earnings-and-revenue-growthAll figures shown in the chart above are for the trailing 12 month (TTM) periodCelanese EPS Beats ExpectationsRevenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 29%.Looking ahead, revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Chemicals industry in the US.Performance of the American Chemicals industry.The company's shares are up 1.5% from a week ago.Risk AnalysisIt's necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with Celanese (at least 2 which can't be ignored), and understanding them should be part of your investment process.Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Simply Wall St.

Celanese Full Year 2023 Earnings: EPS Beats Expectations

https://finance.yahoo.com/news/celanese-full-2023-earnings-eps-101427223.html

4b0bd53a-6784-35de-bc75-5d3965a5e675

CE

Celanese Corporation (NYSE:CE) Q4 2023 Earnings Call Transcript February 21, 2024Celanese Corporation isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here).Operator: Hello, and welcome to the Celanese Q4 2023 Earnings Call and Webcast. [Operator Instructions]. As a reminder, this conference is being recorded. It's now my pleasure to turn the call over to Brandon Ayache, Vice President, Investor Relations. Please go ahead, Brandon.A laboratory full of vials, tubes and Bunsen burners, with a scientist in the center examining a chemical.Brandon Ayache: Thanks, Kevin. Welcome to the Celanese Corporation fourth quarter 2023 earnings conference call. My name is Brandon Ayache, Vice President of Investor Relations. And with me today on the call are Lori Ryerkerk, Chairman of the Board and Chief Executive Officer; Scott Richardson, Chief Operating Officer; and Chuck Kyrish, Chief Financial Officer. Celanese distributed its fourth quarter earnings release via Business Wire and posted prepared comments on our Investor Relations website yesterday afternoon. As a reminder, we'll discuss non-GAAP financial measures today. You can find definitions of these measures as well as reconciliations to the comparable GAAP measures on our website. Today's presentation will also include forward-looking statements.Please review the cautionary language regarding forward-looking statements which can be found at the end of both the press release and the prepared comments. Form 8-K reports containing all these materials have also been submitted to the SEC. With that, Kevin, let's go ahead and open it up for questions.See also 12 Best Ways To Leave Money To A Child and 12 SUVs With the Highest Resale Value in 2024.To continue reading the Q&A session, please click here.

Insider Monkey

Celanese Corporation (NYSE:CE) Q4 2023 Earnings Call Transcript

https://finance.yahoo.com/news/celanese-corporation-nyse-ce-q4-141635024.html

157a79a7-9d8f-3db7-bb1f-d57a3eb84455

CE

DALLAS, February 29, 2024--(BUSINESS WIRE)--Celanese Corporation (NYSE: CE), a global specialty materials and chemical company, announced the launch of iDose® TR by Glaukos Corporation using Celanese’s VitalDose® EVA to provide sustained drug release for the treatment of glaucoma.The majority of glaucoma and ocular hypertension patients are non-compliant with topical medication use due to complex dosing regiments, side effects, and eye-drop intolerance. Sustained delivery of therapeutics provides an important approach in addressing non-compliance and improving treatment outcomes. With iDose® TR and the VitalDose® EVA, there is now the opportunity to provide continuous dosing which can improve patient compliance and address adherence issues.iDose® TR was approved by the Food and Drug Administration (FDA) in December 2023 and is a first-of-its-kind, long-duration, intracameral procedural pharmaceutical therapy designed to continuously deliver 24/7 therapeutic levels of a proprietary formulation of travoprost inside the eye for extended periods of time. iDose® TR was approved on the basis of two pivotal trials (1,150 subjects randomized across both trials), which demonstrated safety and efficacy.Glaukos used the VitalDose® EVA to create a nanoporous membrane for travoprost delivery in iDose® TR. The VitalDose® EVA is a platform that can be formulated into a wide range of form factors to suit drug delivery needs for various conditions."A clear unmet need exists in ophthalmology for therapies that address non-compliance and reduce the treatment burden for patients," says Cyonna Holmes, global business strategy leader for Ophthalmology and RNA at Celanese. "Our team is excited to support Glaukos as they transform the landscape of glaucoma treatment for millions of patients."The VitalDose® EVA Drug Delivery Platform provides reliable, controlled-release performance and has a long history of use in approved parenteral drug products in the United States and Europe. For more information on Celanese VitalDose® technology, visit www.vitaldose.com.Story continuesAbout CelaneseCelanese is a global leader in chemistry, producing specialty material solutions used across most major industries and consumer applications. Our businesses use our chemistry, technology and commercial expertise to create value for our customers, employees and shareholders. We are committed to sustainability by responsibly managing the materials we create for their entire lifecycle and are growing our portfolio of sustainable products to meet increasing customer and societal demand. We strive to make a positive impact in our communities and foster inclusivity across our teams. Celanese is a Fortune 500 company that employs approximately 12,400 employees worldwide with 2023 net sales of $10.9 billion.iDose TR Indication and Important Safety InformationINDICATIONS AND USAGEiDose TR (travoprost intracameral implant) is indicated for the reduction of intraocular pressure (IOP) in patients with open angle glaucoma (OAG) or ocular hypertension (OHT).Dosage and AdministrationFor ophthalmic intracameral administration. The intracameral administration should be carried out under standard aseptic conditions.ContraindicationsiDose TR is contraindicated in patients with active or suspected ocular or periocular infections, patients with corneal endothelial cell dystrophy (e.g., Fuch’s Dystrophy, corneal guttatae), patients with prior corneal transplantation, or endothelial cell transplants (e.g., Descemet’s Stripping Automated Endothelial Keratoplasty [DSAEK]), patients with hypersensitivity to travoprost or to any other components of the product.Warnings and PrecautionsiDose TR should be used with caution in patients with narrow angles or other angle abnormalities. Monitor patients routinely to confirm the location of the iDose TR at the site of administration. Increased pigmentation of the iris can occur. Iris pigmentation is likely to be permanent.Adverse ReactionsIn controlled studies, the most common ocular adverse reactions reported in 2% to 6% of patients were increases in intraocular pressure, iritis, dry eye, visual field defects, eye pain, ocular hyperaemia, and reduced visual acuity.View source version on businesswire.com: https://www.businesswire.com/news/home/20240229678316/en/ContactsInvestor Relations Brandon Ayache+1 972 443 [email protected] Relations – Global Brian Bianco+1 972 443 [email protected]

Business Wire

Celanese Announces Commercial Launch of Glaukos' iDose® TR (Travoprost Intracameral Implant) Using Celanese's VitalDose® Ethylene Vinyl Acetate (EVA)

https://finance.yahoo.com/news/celanese-announces-commercial-launch-glaukos-140000583.html

122c2ef0-87dc-30d7-a7fe-429d1d52cccd

CE

Celanese Corporation CE recently announced the launch of Glaukos Corporation's iDose TR. This uses CE's VitalDose EVA to offer continuous medication release for the treatment of glaucoma.The majority of glaucoma and ocular hypertension patients do not adhere to topical drug regimens due to complex dosing courses, adverse effects and eye-drop sensitivity. Sustained delivery of medications is a significant technique for addressing noncompliance and enhancing treatment results. With iDose TR and VitalDose EVA, it is now possible to give continuous dosing, which can increase patient compliance and alleviate adherence concerns.Food and Drug Administration (FDA) approved iDose TR in December 2023. It is a first-of-its-kind, long-duration, intracameral procedural pharmaceutical therapy designed to continuously deliver therapeutic levels of a proprietary travoprost formulation inside the eye for extended periods of time. iDose TR was approved following the completion of two pivotal trials which demonstrated safety and efficacy.Glaukos used VitalDose EVA to develop a nanoporous membrane for travoprost administration in iDose TR. The VitalDose EVA is a platform that can be formulated into a variety of form factors to meet the drug delivery needs of diverse conditions. The VitalDose EVA Drug Delivery Platform has a long history of usage in approved parenteral medication solutions in the United States and Europe, and it delivers consistent, controlled-release performance.Shares of Celanese have gained 27.8% over the past year compared with 20.7% growth of its industry.Zacks Investment ResearchImage Source: Zacks Investment ResearchCelanese expects adjusted earnings of $1.75-$2.00 per share for the first quarter of 2024. The projection includes the expected roughly 30 cents impact from the Mobility & Materials (M&M) amortization.The company anticipates a significant rise in earnings per share from the year-ago levels in 2024 due to M&M synergy capture, Clear Lake acetic acid and methanol expansions, lower interest expenses from deleveraging and reduced inventory costs.Story continuesCelanese Corporation Price and ConsensusCelanese Corporation price-consensus-chart | Celanese Corporation QuoteZacks Rank & Key PicksCelanese currently carries a Zacks Rank #4 (Sell).Some better-ranked stocks in the basic materials space are United States Steel Corporation X, Carpenter Technology Corporation CRS and Alpha Metallurgical Resources Inc. AMR.United States Steel currently sports a Zacks Rank #1 (Strong Buy). X beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 54.8%. The company’s shares have soared 58.1% in the past year. You can see the complete list of today’s Zacks #1 Rank stocks here.Carpenter Technology currently carries a Zacks Rank #2 (Buy). CRS beat the Zacks Consensus Estimate in three of the last four quarters while matching it once, with the average earnings surprise being 12.2%. The company’s shares have gained 31.7% in the past year.The Zacks Consensus Estimate for AMR’s current-year earnings has been revised upward by 69% in the past 60 days. It currently flaunts a Zacks Rank #1.  AMR delivered a trailing four-quarter earnings surprise of roughly 9.6%, on average. AMR shares are up 113.1% in a year.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportAlpha Metallurgical Resources, Inc. (AMR) : Free Stock Analysis ReportUnited States Steel Corporation (X) : Free Stock Analysis ReportCarpenter Technology Corporation (CRS) : Free Stock Analysis ReportCelanese Corporation (CE) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Celanese (CE) Announces Commercial Launch of Glaukos' iDose TR

https://finance.yahoo.com/news/celanese-ce-announces-commercial-launch-111100226.html

ceebfdf2-3347-3500-a4a5-d1ff14440b8a

CEG

81% of direct company giving supported organizations, programs or events that were targeted specifically to diverse populationsBALTIMORE, February 08, 2024--(BUSINESS WIRE)--Constellation (Nasdaq: CEG), the nation’s largest producer of carbon-free energy, announced it contributed $18.7 million in combined philanthropic giving in support of more than 4,400 charities in 2023. The figure represents a nearly 50% increase from the $12.5 million Constellation and its employees contributed in 2022, Constellation’s first year as a standalone company.Constellation’s Corporate and Foundation giving totaled $13.6 million while its 13,000 employees accounted for the remaining charitable funding, providing $5.1 million in philanthropic support. Employees also logged more than 102,000 volunteer service hours in support of various community causes."Our role in the clean energy transition isn’t just about the carbon-free power we produce, it’s also about ensuring that all individuals and families are afforded the opportunity to experience the benefits of that transition," said Joe Dominguez, president and CEO, Constellation. "As a company, we take immense pride in our ability to give generously throughout our communities and share our successes with the people we serve."In 2023, Constellation also established the Constellation Foundation to expand the company’s philanthropic mission and further its commitment to investing long term in the communities it serves. The Foundation supports causes that are aligned with the company’s giving pillars of Climate & Environment, Equity & Education and Employing Giving & Volunteerism.In its first year, The Foundation backed several of Constellation’s signature workforce development efforts. In July, the company launched its inaugural Youth Energy Summit (YES), an immersive experience for 35 rising high school juniors and seniors interested in pursuing careers in energy. Hosted at the University of Maryland, Baltimore County, YES offered hands-on STEM learning and trips to Constellation’s Calvert Cliffs Clean Energy Center and Conowingo Hydroelectric Dam. In addition to the summit experience, interested students have been matched with a Constellation mentor to support them as they explore careers in clean energy.Story continuesThe Foundation also supports the company’s Powering Change initiative, in which it partners with regional and national nonprofit organizations dedicated to breaking down employment barriers for people in historically underserved and underrepresented communities. Constellation teamed up with five organizations in Powering Change’s first year.Additional notes from Constellation’s 2023 giving and volunteerism include:Company and Foundation giving increased by 70% year-over-year.Eighty-one percent of the company’s $8.1 million in direct grant funding supported organizations, programs or events that were targeted specifically to diverse populations.The company provided direct community support across 31 states and Washington, D.C. with 83% of company philanthropic giving supporting Maryland, Illinois, New York, Pennsylvania and Texas, the states comprising Constellation’s largest operational, employee and customer footprints.Employee volunteer hours increased by 28% from 2022 to 2023.To learn more about the company’s philanthropic efforts, including the Constellation Foundation, please visit www.constellation.com/communityAbout ConstellationA Fortune 200 company headquartered in Baltimore, Constellation Energy Corporation (Nasdaq: CEG) is the nation’s largest producer of clean, carbon-free energy and a leading supplier of energy products and services to businesses, homes, community aggregations and public sector customers across the continental United States, including three fourths of Fortune 100 companies. With annual output that is nearly 90% carbon-free, our hydro, wind and solar facilities paired with the nation’s largest nuclear fleet have the generating capacity to power the equivalent of 16 million homes, providing about 10% of the nation’s clean energy. We are further accelerating the nation’s transition to a carbon-free future by helping our customers reach their sustainability goals, setting our own ambitious goal of achieving 100% carbon-free generation by 2040, and by investing in promising emerging technologies to eliminate carbon emissions across all sectors of the economy. Follow Constellation on LinkedIn and Twitter.View source version on businesswire.com: https://www.businesswire.com/news/home/20240208904148/en/ContactsDave SnyderConstellation [email protected]

Business Wire

Constellation Increases Charitable Giving by 50%, Eclipses 100,000 Employee Volunteer Hours in 2023

https://finance.yahoo.com/news/constellation-increases-charitable-giving-50-140000994.html

a7aeb3e7-7f26-3381-abc3-43b4edb97dd1

CEG

Constellation has filed a license renewal application with the Nuclear Regulatory Commission for its Clinton Clean Energy Center in Clinton, Ill. The plant produces enough baseload, carbon-free electricity to power the equivalent of 800,000 homes. (Photo: Business Wire)License renewal would enable Central Illinois nuclear plant to generate enough carbon-free electricity to power the equivalent of 800,000 homes through 2047BALTIMORE, February 15, 2024--(BUSINESS WIRE)--Constellation, the nation’s largest producer of carbon-free energy, has filed a license renewal application with the Nuclear Regulatory Commission (NRC) for its Clinton Clean Energy Center in Clinton, Ill., marking the latest in a series of investments the company is making to help address the climate crisis and support the regional economy. The filing begins a comprehensive review by the NRC to renew the station’s license, which would allow it to continue providing carbon-free energy to the region for another 20 years with adequate market or policy support. Clinton, which produces enough baseload, carbon-free electricity to power the equivalent of 800,000 homes, is currently licensed to operate through April of 2027. Illinois would need to site more than 1,000 new wind turbines to generate the same amount of electricity that Clinton will be able to provide under an extended license."Our nation desperately needs more new, clean, firm megawatts to power our homes, businesses, and new technologies to improve our everyday lives. This facility has operated 24/7 during the most extreme summer and winter weather to hit the Midwest in a generation, and we are doing everything possible to ensure it has the opportunity to continue to operate for another 20 years," said Joe Dominguez, president and CEO of Constellation. "Sustained investment in our nation’s nuclear power plants, which provide about half of all the clean energy on the grid and are the most reliable source of energy, is essential. We look forward to continuing to contribute to Illinois’ clean energy future and serving as an economic engine for the local community for as long as market or policy support remains in place."Polling in the U.S. and globally shows that public support for maintaining and expanding the use of nuclear energy has increased in recent years as concerns about climate change and energy reliability have grown. Nuclear energy plants are the only carbon-free energy resources that can operate 24/7 in all weather conditions. Constellation’s clean energy centers not only help to power the grid with reliable, clean energy, but they can also play a key role in helping to reduce emissions in difficult-to-decarbonize industries that account for as much as quarter of all the world’s carbon pollution.Story continuesThe continued operation of Clinton has been enabled by state legislation enacted in 2016 recognizing the unique environmental, economic and reliability benefits of nuclear energy. Enactment of the federal nuclear production tax credit in 2022 extended policy support through 2032. Renewing the NRC license for Clinton will give Constellation the ability to keep this plant operating through 2047, although future policy and market conditions will ultimately determine how long the plant operates.Renewing the license of Clinton would provide the State of Illinois an estimated 179 terawatt hours of additional carbon-free electricity over the 20-year extended lifespan of the license. This is more clean energy than all of Illinois’ wind and solar facilities have produced to date. The Clinton site employs 532 employees and is DeWitt County’s largest employer. The facility’s workforce more than doubles during its scheduled refueling and maintenance outages, helping increase worker payrolls and improve the bottom lines of local businesses."The Clinton Clean Energy Center is not only the largest carbon-free electricity source in Central Illinois, but it also provides a major boost to the economy," said Dan Matthews, president of the Clinton School District Board and a member of the DeWitt County Board. "The more than $13 million in annual property taxes supports education and county services, and the large number of employees live here and spend money, which supports local business and creates additional jobs. The plant’s relicensing is an important part of DeWitt County’s economic future."The Clinton license renewal application is the latest in a series of investments to accelerate clean-energy growth initiatives across the company. In 2023, Constellation announced the acquisition of a 44 percent ownership stake in the South Texas Project nuclear plant, an $800 million uprate project at the Braidwood and Byron clean energy centers in Illinois, and a $350 million uprate of its Criterion Wind Project in Maryland. Later this year the company is scheduled to file a second license renewal for its two-unit Dresden Clean Energy Center in Morris, Ill.About ConstellationA Fortune 200 company headquartered in Baltimore, Constellation Energy Corporation (Nasdaq: CEG) is the nation’s largest producer of clean, carbon-free energy and a leading supplier of energy products and services to businesses, homes, community aggregations and public sector customers across the continental United States, including three fourths of Fortune 100 companies. With annual output that is nearly 90% carbon-free, our hydro, wind and solar facilities paired with the nation’s largest nuclear fleet have the generating capacity to power the equivalent of 16 million homes, providing about 10% of the nation’s clean energy. We are further accelerating the nation’s transition to a carbon-free future by helping our customers reach their sustainability goals, setting our own ambitious goal of achieving 100% carbon-free generation by 2040, and by investing in promising emerging technologies to eliminate carbon emissions across all sectors of the economy. Follow Constellation on LinkedIn and Twitter.View source version on businesswire.com: https://www.businesswire.com/news/home/20240214721848/en/ContactsBrett NaumanConstellation [email protected]

Business Wire

Constellation Seeks License Renewal of Clinton Clean Energy Center for Additional 20 Years

https://finance.yahoo.com/news/constellation-seeks-license-renewal-clinton-180000840.html

7162f3ae-d23f-3536-89fd-bc83147f42c0

CEG

Earnings Release HighlightsGAAP Net Loss of ($36) million and Adjusted EBITDA (non-GAAP) of $1,137 million for the fourth quarter of 2023. GAAP Net Income of $1,623 million and Adjusted EBITDA (non-GAAP) of $4,025 million for the full year 2023, exceeding the top end of our guidance range of $3,800 million to $4,000 millionDelivered on our commitments to shareholders:Expanded the nation's largest, highly reliable, carbon-free nuclear fleet by acquiring a partial ownership stake in the South Texas Project Nuclear Generating StationCompleted our initial $1 billion of share repurchases and authorized an additional $1 billion in continuation of the program, reinforcing our commitment to return value to shareholdersOur issuer credit rating was upgraded by Standard & Poor’s (S&P) for the second time since separation, from BBB to BBB+, reflecting our improving financial measures and risk profileDoubled the annual per share dividend from the 2022 levelCommenced our $350 million project to expand our renewable energy portfolio by completing the repowering of Criterion and beginning the repowering of our Missouri wind generation facilitiesRecognized by Just Capital in its "Just 100" annual ranking that reflects the performance of America’s largest publicly traded companies based on a variety of key factorsRanked the No. 1 producer of carbon-free energy and have the lowest rate of carbon dioxide emissions for the 10th consecutive year amongst our peer groupReceived the Community Partnership Award from The Center for Energy Workforce Development for our work in building a skilled energy workforce that represents the diverse communities we serveEarned 2023 Great Place to Work® certification based on positive ratings from our employees on their experience working at ConstellationBALTIMORE, February 27, 2024--(BUSINESS WIRE)--Constellation Energy Corporation (Nasdaq: CEG) today reported its financial results for the fourth quarter and full year 2023.Story continues"We had extremely strong financial and operational performance as our nuclear fleet continued to achieve unmatched reliability, allowing us to deliver carbon-free energy to our customers in all hours of the day under some of the harshest weather conditions in decades," said Joe Dominguez, president and CEO of Constellation. "Our generation fleet was matched by an industry-leading commercial business serving the most competitive large industrial customers and three-fourths of the Fortune 100 last year, including top names in technology and other industries seeking to drive economic growth with clean energy across our nation. We took a disciplined approach to growing our business in 2023, completing our acquisition of a partial stake in the South Texas Project nuclear plant, repowering our wind assets, taking steps to extend the life of our nuclear plants and investing in new equipment to increase their output. We are delivering our hourly-matched carbon-free energy product to top sustainability leaders, and our results reflect growing acknowledgement by our customers that nuclear energy delivers unique value that can’t be matched anywhere in the marketplace.""Our high investment grade balance sheet and the competitive advantage of our integrated generation and commercial business delivered exceptional financial performance in 2023, earning $4.025 billion in adjusted EBITDA, up from $2.667 billion in the previous year and over $900 million above the midpoint of our original guidance," said Dan Eggers, chief financial officer of Constellation. "We continue to invest in organic and inorganic growth opportunities, while doubling our dividend, completing our $1 billion share repurchase program and authorizing a second $1 billion repurchase program in December."Investor and Analyst Webcast InformationWe will host a virtual investor and analyst event via webcast to highlight Constellation’s business and earnings outlook for 2024 and beyond, scheduled for tomorrow at 8:30 a.m. Eastern Time. The webcast and associated materials can be accessed at https://investors.constellationenergy.com.Fourth Quarter 2023Our GAAP Net Loss for the fourth quarter of 2023 was ($36) million, down from $34 million GAAP Net Income in the fourth quarter of 2022. Adjusted EBITDA (non-GAAP) for the fourth quarter of 2023 increased to $1,137 million from $605 million in the fourth quarter of 2022. For the reconciliations of GAAP Net Income (Loss) to Adjusted EBITDA (non-GAAP), refer to the tables beginning on page 4.Adjusted EBITDA (non-GAAP) in the fourth quarter of 2023 primarily reflects:Favorable market and portfolio conditions partially offset by unfavorable labor, contracting, and materials, decreased ZEC revenues, decreased capacity revenues, and unfavorable impacts of nuclear outagesFull Year 2023Our GAAP Net Income for 2023 was $1,623 million, compared to ($160) million GAAP Net Loss in 2022. Adjusted EBITDA (non-GAAP) for 2023 increased to $4,025 million from $2,667 million in 2022.Adjusted EBITDA (non-GAAP) for the full year 2023 primarily reflects:Favorable market and portfolio conditions partially offset by unfavorable labor, contracting, and materials, decreased capacity revenues, and unfavorable impacts of nuclear outagesRecent Developments and 2023 HighlightsDelivering on Our Capital Allocation Promises: Through our strong free cash flows we delivered on our commitments announced last year to grow the business and return capital to shareholders. We grew our nuclear fleet with our acquisition of an undivided ownership interest in the South Texas Project Nuclear Generating Station, a 2,645-megawatt, dual-unit nuclear plant located about 90 miles southwest of Houston, for $1.65 billion, further expanding our contribution to a carbon-free future. We completed our initial $1 billion of share repurchases, buying back nearly 10.6 million shares. In December our Board of Directors approved expanding the program for an additional $1 billion, reinforcing our continued commitment to return value to shareholders. We received our second issuer credit rating upgrade from S&P since separation, from BBB to BBB+, reflecting their view that the financial risk has significantly improved with the nuclear production tax credit (PTC). We doubled our dividend from the 2022 level. During the year we also commenced our previously announced $350 million effort to increase the output and lifespan of our renewable energy portfolio, beginning with the repowering of our Criterion and Missouri wind facilities.No. 1 Producer of Carbon-Free Energy: For the 10th consecutive year we are the nation’s largest producer of carbon-free energy and have the lowest rate of carbon dioxide emissions among the 20 largest private, investor-owned power producers in the United States, according to an independent analysis based on publicly reported 2021 air emissions data. The annual Benchmarking Air Emissions of the 100 Largest Electric Power Producers in the United States report showed that the next cleanest company among the group of 20 had more than four-and-a-half times the rate of carbon dioxide emissions as Constellation.Just Capital "Just 100": Just Capital recognized Constellation in its "Just 100," an annual ranking that reflects the performance of America’s largest publicly traded companies based on a variety of issues deemed by Americans to be most important in business today. Key factors for selection range from how a company invests in its employees and communities, to how it treats customers and minimizes environmental impact.Community Partnership Award: We received the Community Partnership Award from The Center for Energy Workforce Development (CEWD) for our work in building a skilled energy workforce that represents the diverse communities we serve. The award recognizes our multi-faceted efforts to establish lasting and impactful relationships with our local community — including educators, minority facing organizations, workforce development nonprofits and others — to fuel the energy talent pipeline. We also teamed up with CEWD to sponsor its Energy Industry Fundamentals 2.0 program. The interactive, 120-hour curriculum for high school and technical school students aims to provide expanded energy education and career awareness to 500,000 students over the next decade.2023 Great Place to Work Certification: In the third quarter we were Certified™ by Great Place To Work®. The designation is based on how our employees rate their experience working at Constellation. In a survey of about 5,000 of our employees, 81% of those who responded said it is a great place to work – about 24 points higher than the average U.S. company. Great Place To Work® is acknowledged worldwide as a global benchmark for workplace culture, employee experience and the leadership behaviors proven to deliver strong market performance, employee retention and increased innovation.Nuclear Operations: Our nuclear fleet, including our owned output from the Salem and South Texas Project (STP) Generating Stations, produced 45,563 gigawatt-hours (GWhs) in the fourth quarter of 2023, compared with 44,436 GWhs in the fourth quarter of 2022. Excluding Salem and STP, our nuclear plants at ownership achieved a 95.1% capacity factor for the fourth quarter of 2023, compared with 95.4% for the fourth quarter of 2022. There were 56 planned refueling outage days in the fourth quarter of 2023 and 65 in the fourth quarter of 2022. There were seven non-refueling outage days in the fourth quarter of 2023 and three in the fourth quarter of 2022.Natural Gas, Oil, and Renewables Operations: The dispatch match rate for our gas and hydro fleet was 97.5% in the fourth quarter of 2023, compared with 96.1%1 in the fourth quarter of 2022. Energy capture for the wind and solar fleet was 96.3% in the fourth quarter of 2023, compared with 96.7%1 in the fourth quarter of 2022.GAAP/Adjusted EBITDA (non-GAAP) ReconciliationAdjusted EBITDA (non-GAAP) for the three and twelve months ended December 31, 2023 and 2022 does not include the following items that were included in our reported GAAP Net Income: Three Months EndedDecember 31, Twelve Months EndedDecember 31,(in millions) 2023   2022   2023   2022 GAAP Net Income (Loss) Attributable to Common Shareholders$(36) $34  $1,623  $(160)Income Tax (Benefit) Expense 158   133   840   (339)Depreciation and Amortization 288   272   1,096   1,091 Interest Expense, Net 139   64   431   251 Unrealized Loss (Gain) on Fair Value Adjustments 1,002   413   658   1,058 Asset Impairments —   —   71   — Plant Retirements and Divestitures —   (7)  (28)  (11)Decommissioning-Related Activities (439)  (306)  (716)  820 Pension & OPEB Non-Service Credits (14)  (31)  (54)  (116)Separation Costs 17   41   101   140 Acquisition Related Costs 9   —   12   — ERP System Implementation Costs 5   6   25   22 Change in Environmental Liabilities 15   (2)  43   10 Prior Merger Commitment —   —   —   (50)Noncontrolling Interests (7)  (12)  (77)  (49)Adjusted EBITDA (non-GAAP)$1,137  $605  $4,025  $2,667 ________1Prior year dispatch match and energy capture was previously reported as 96.6% and 95.9%, respectively. The update reflects a change to include the Conowingo run-of-river hydroelectric operational performance within renewable energy capture, and remove the performance from dispatch match.About ConstellationA Fortune 200 company headquartered in Baltimore, Constellation Energy Corporation (Nasdaq: CEG) is the nation’s largest producer of clean, carbon-free energy and a leading supplier of energy products and services to businesses, homes, community aggregations and public sector customers across the continental United States, including three fourths of Fortune 100 companies. With annual output that is nearly 90% carbon-free, our hydro, wind and solar facilities paired with the nation’s largest nuclear fleet have the generating capacity to power the equivalent of 16 million homes, providing about 10% of the nation’s clean energy. We are further accelerating the nation’s transition to a carbon-free future by helping our customers reach their sustainability goals, setting our own ambitious goal of achieving 100% carbon-free generation by 2040, and by investing in promising emerging technologies to eliminate carbon emissions across all sectors of the economy.Non-GAAP Financial MeasuresIn analyzing and planning for our business, we supplement our use of net income as determined under generally accepted accounting principles in the United States (GAAP), with Adjusted EBITDA (non-GAAP) as a performance measure. Adjusted EBITDA (non-GAAP) reflects an additional way of viewing our business that, when viewed with our GAAP results and the accompanying reconciliation to GAAP net income included above, may provide a more complete understanding of factors and trends affecting our business. Adjusted EBITDA (non-GAAP) should not be relied upon to the exclusion of GAAP financial measures and is, by definition, an incomplete understanding of our business, and must be considered in conjunction with GAAP measures. In addition, Adjusted EBITDA (non-GAAP) is neither a standardized financial measure, nor a presentation defined under GAAP and may not be comparable to other companies’ presentations or deemed more useful than the GAAP information provided elsewhere in this press release and earnings release attachments. We have provided the non-GAAP financial measure as supplemental information and in addition to the financial measures that are calculated and presented in accordance with GAAP. Adjusted EBITDA (non-GAAP) should not be deemed more useful than, a substitute for, or an alternative to the most comparable GAAP Net Income measure provided in this earnings release and attachments. This press release and earnings release attachments provide reconciliations of Adjusted EBITDA (non-GAAP) to the most directly comparable financial measures calculated and presented in accordance with GAAP and are posted on our website: www.ConstellationEnergy.com, and have been furnished to the Securities and Exchange Commission on Form 8-K on February 27, 2024.Cautionary Statements Regarding Forward-Looking InformationThis press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to risks and uncertainties. Words such as "could," "may," "expects," "anticipates," "will," "targets," "goals," "projects," "intends," "plans," "believes," "seeks," "estimates," "predicts," and variations on such words, and similar expressions that reflect our current views with respect to future events and operational, economic, and financial performance, are intended to identify such forward-looking statements.The factors that could cause actual results to differ materially from the forward-looking statements made by Constellation Energy Corporation and Constellation Energy Generation, LLC, (Registrants) include those factors discussed herein, as well as the items discussed in (1) the Registrants' 2023 Annual Report on Form 10-K (to be filed on February 27, 2024) in (a) Part I, ITEM 1A. Risk Factors, (b) Part II, ITEM 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations, and (c) Part II, ITEM 8. Financial Statements and Supplementary Data: Note 19, Commitments and Contingencies, and (2) other factors discussed in filings with the SEC by the Registrants.Investors are cautioned not to place undue reliance on these forward-looking statements, whether written or oral, which apply only as of the date of this press release. Neither of the Registrants undertakes any obligation to publicly release any revision to its forward-looking statements to reflect events or circumstances after the date of this press release.Constellation Energy CorporationGAAP Consolidated Statements of Operations andAdjusted EBITDA (non-GAAP) Reconciling Adjustments(unaudited)(in millions, except per share data)  Three Months Ended December 31, 2023 Three Months Ended December 31, 2022 GAAP (a) Non-GAAPAdjustments   GAAP (a) Non-GAAPAdjustments  Operating revenues$5,796  $(84) (b),(c) $7,333  $(713) (b),(c)Operating expenses           Purchased power and fuel 4,018   (898) (b)  5,708   (1,125) (b)Operating and maintenance 1,422   (83) (c),(d),(f),(l),(n)  1,375   (86) (c),(d),(f),(g),(l)Depreciation and amortization 288   (288) (h)  272   (272) (h)Taxes other than income taxes 134   —     138   —   Total operating expenses 5,862       7,493     Gain (loss) on sales of assets and businesses (1)  —     (12)  —   Operating income (loss) (67)      (172)    Other income and (deductions)           Interest expense, net (139)  139  (i)  (64)  64  (i)Other, net 349   (326) (b),(c),(e),(m)  383   (367) (b),(c),(d),(e),(f),(g),(j),(m)Total other income and (deductions) 210       319     Income (loss) before income taxes 143       147     Income tax (benefit) expense 182   (182) (j)  116   (116) (j)Equity in income (losses) of unconsolidated affiliates —   —     (4)  —   Net income (loss) (39)      27     Net income (loss) attributable to noncontrolling interests (3)  7  (k)  (7)  12  (k)Net income (loss) attributable to common shareholders$(36)     $34     Effective tax rate 127.3%      78.9%    Earnings per average common share           Basic$(0.11)     $0.10     Diluted$(0.11)     $0.10     Average common shares outstanding           Basic 320       328     Diluted 321       329     __________(a)Results reported in accordance with GAAP.(b)Adjustment for mark-to-market on economic hedges and fair value adjustments related to gas imbalances and equity investments.(c)Adjustment for all gains and losses associated with NDTs, ARO accretion, ARO remeasurement, and any earnings neutral impacts of contractual offset for Regulatory Agreement Units.(d)Adjustment for certain incremental costs related to the separation (system-related costs, third-party costs paid to advisors, consultants, lawyers, and other experts assisting in the separation), including a portion of the amounts billed to us pursuant to the TSA.(e)Adjustment for Pension and Other Postretirement Employee Benefits (OPEB) Non-Service credits.(f)Adjustment for costs related to a multi-year ERP system implementation.(g)Adjustments related to plant retirements and divestitures.(h)Adjustment for depreciation and amortization expense.(i)Adjustment for interest expense.(j)Adjustment for income taxes.(k)Adjustment for elimination of the noncontrolling interest related to certain adjustments.(l)Adjustment for certain changes in environmental liabilities.(m)Adjustment includes amounts contractually owed to Exelon under the TMA.(n)Adjustment for acquisition related costs.Constellation Energy CorporationGAAP Consolidated Statements of Operations andAdjusted EBITDA (non-GAAP) Reconciling Adjustments(unaudited)(in millions, except per share data)  Twelve Months Ended December 31, 2023 Twelve Months Ended December 31, 2022 GAAP (a) Non-GAAPAdjustments   GAAP (a) Non-GAAPAdjustments  Operating revenues$24,918  $(1,404) (b),(c) $24,440  $1,184  (b),(c)Operating expenses           Purchased power and fuel 16,001   (2,365) (b)  17,462   138  (b)Operating and maintenance 5,685   (343) (c),(d),(f),(l),(o),(p)  4,841   (28) (c),(d),(e),(f),(g),(l),(n)Depreciation and amortization 1,096   (1,096) (h)  1,091   (1,091) (h)Taxes other than income taxes 553   —     552   (2) (d)Total operating expenses 23,335       23,946     Gain (loss) on sales of assets and businesses 27   (27) (g)  1   1  (g)Operating income (loss) 1,610       495     Other income and (deductions)           Interest expense, net (431)  431  (i)  (251)  251  (i)Other, net 1,268   1,184  (b),(c),(e),(m)  (786)  845  (b),(c),(d),(e),(g),(j),(m)Total other income and (deductions) 837       (1,037)    Income (loss) before income taxes 2,447       (542)    Income tax (benefit) expense 859   (859) (j)  (388)  388  (j)Equity in income (losses) of unconsolidated affiliates (11)  —     (13)  —   Net income (loss) 1,577       (167)    Net income (loss) attributable to noncontrolling interests (46)  77  (k)  (7)  49  (k)Net income (loss) attributable to common shareholders$1,623      $(160)    Effective tax rate 35.1%      71.6%    Earnings per average common share           Basic$5.02      $(0.49)    Diluted$5.01      $(0.49)    Average common shares outstanding           Basic 323       328     Diluted 324       329     __________(a)Results reported in accordance with GAAP.(b)Adjustment for mark-to-market on economic hedges and fair value adjustments related to gas imbalances and equity investments.(c)Adjustment for all gains and losses associated with NDTs, ARO accretion, ARO remeasurement, and any earnings neutral impacts of contractual offset for Regulatory Agreement Units.(d)Adjustment for certain incremental costs related to the separation (system-related costs, third-party costs paid to advisors, consultants, lawyers, and other experts assisting in the separation), including a portion of the amounts billed to us pursuant to the TSA.(e)Adjustment for Pension and OPEB Non-Service credits.(f)Adjustment for costs related to a multi-year ERP system implementation(g)Adjustments related to plant retirements and divestitures.(h)Adjustment for depreciation and amortization expense.(i)Adjustment for interest expense.(j)Adjustment for income taxes.(k)Adjustment for elimination of the noncontrolling interest related to certain adjustments.(l)Adjustment for certain changes in environmental liabilities.(m)Adjustment includes amounts contractually owed to Exelon under the tax matters agreement.(n)Reversal of a charge related to a prior 2012 merger commitment.(o)Adjustment for an asset impairment.(p)Adjustment for acquisition related costs. View source version on businesswire.com: https://www.businesswire.com/news/home/20240226437222/en/ContactsEmily DuncanInvestor [email protected] Paul AdamsCorporate [email protected]

Business Wire

Constellation Reports Fourth Quarter and Full Year 2023 Results

https://finance.yahoo.com/news/constellation-reports-fourth-quarter-full-105500299.html

0310fea9-065f-302b-b0f3-fb12289cdbba

CEG

Constellation scores as top-rated energy company in annual ranking that grades businesses on a variety of environmental, social and governance measuresBALTIMORE, March 07, 2024--(BUSINESS WIRE)--Constellation (Nasdaq: CEG), the nation’s largest producer of carbon-free energy, ranked ninth in Barron’s seventh annual "100 Most Sustainable Companies" list, which measures the largest 1,000 publicly traded U.S. companies using 230 environmental, social and governance criteria ranging from workplace diversity to greenhouse-gas emissions. Constellation, making its debut on the list this year, achieved the highest score of any energy company. Barron’s worked with Calvert Research and Management, a leader in responsible investing, to compile the rankings."Being recognized by Barron’s as one of the nation’s top 10 most sustainable companies reinforces both our purpose of accelerating the transition to a carbon-free future and our efforts to foster a diverse and inclusive workplace culture," said Kathleen Barrón, executive vice president and chief strategy officer, Constellation. "As the nation’s largest producer of clean nuclear energy, we embrace our role of ensuring that electricity remains reliable and affordable for the millions of Americans who rely on us every day to keep their families and businesses thriving."For the 10th consecutive year, Constellation was the nation’s largest producer of clean, carbon-free energy and boasted the lowest rate of carbon dioxide emissions among the 20 largest private, investor-owned power producers in the United States, according to an independent analysis based on publicly reported 2021 air emissions data. With annual output that is nearly 90% carbon-free, the company has continued to invest in and expand its fleet of carbon-free generation by:Acquiring a partial ownership stake in the South Texas Project Nuclear PlantCommitting $800 million for equipment upgrades at two of its Illinois clean energy centers to generate an additional 135 megawatts of reliable, carbon-free energyLaunching a $350 million project to repower its wind fleet, enabling it to generate 35% more zero-carbon energyStory continuesConstellation’s suite of commercial clean energy solutions has helped its large business customers advance their own sustainability and climate goals. In 2023, Constellation began offering its hourly carbon-free energy (CFE) matching product, which matches customer energy use with clean energy produced at the time and place it is needed. Microsoft, which helped design the technology to achieve hourly matching, and Chicago utility ComEd, are leveraging the product to reach actual zero emissions for their operations.The company continues to grow its workforce diversity by sourcing talent with an enhanced focus on diverse populations through relationships, technology and inclusive practices. Constellation has built and expanded partnerships with organizations such as Disability:IN, Recruit Military, Society of Women Engineers and National Society of Black Engineers. It also supports nine employee resource groups (ERGs) that are open to all employees to share experiences and connect with colleagues. More than 5,000 employees participate in at least one ERG, and there are over 67 chapters spread across the company.Constellation delivered significant community impact on 2023, contributing $18.7 million in combined philanthropic giving in support of more than 4,400 charities nationwide. Eighty-one percent of the company’s $8.1 million in direct grant funding supported organizations, programs or events that served diverse populations. Constellation employees also logged more than 102,000 volunteer service hours in 2023.The company also advanced its signature workforce development initiative, Powering Change, in which it partners with regional and national nonprofit organizations dedicated to breaking down employment barriers for people in historically underserved and underrepresented communities. Its inaugural Youth Energy Summit and longstanding Energy to Educate grant program collectively helped to bring STEM education and exploration of energy careers to thousands of students nationwide.Constellation, which was certified by Great Place To Work® in 2023, also received the Community Partnership Award from The Center for Energy Workforce Development (CEWD) for its work in building a skilled energy workforce that represents the diverse communities it serves.About ConstellationA Fortune 200 company headquartered in Baltimore, Constellation Energy Corporation (Nasdaq: CEG) is the nation’s largest producer of clean, carbon-free energy and a leading supplier of energy products and services to businesses, homes, community aggregations and public sector customers across the continental United States, including three fourths of Fortune 100 companies. With annual output that is nearly 90% carbon-free, our hydro, wind and solar facilities paired with the nation’s largest nuclear fleet have the generating capacity to power the equivalent of 16 million homes, providing about 10% of the nation’s clean energy. We are further accelerating the nation’s transition to a carbon-free future by helping our customers reach their sustainability goals, setting our own ambitious goal of achieving 100% carbon-free generation by 2040, and by investing in promising emerging technologies to eliminate carbon emissions across all sectors of the economy. Follow Constellation on LinkedIn and Twitter.View source version on businesswire.com: https://www.businesswire.com/news/home/20240307953271/en/ContactsDave SnyderConstellation [email protected]

Business Wire

Constellation Ranks 9th on Barron’s List of the 100 Most Sustainable U.S. Companies

https://finance.yahoo.com/news/constellation-ranks-9th-barron-list-140000758.html

f32bf978-9263-32b0-8c9e-360fc00b4a10

CF

CF Industries Holdings Inc (NYSE:CF) leverages its position as a leading nitrogen producer with a focus on sustainable practices.Strategic investments in carbon-free ammonia production signal CF's commitment to innovation and environmental stewardship.Despite strengths, CF faces challenges from cybersecurity threats and the volatility of natural gas prices.Opportunities for growth in clean energy sectors contrast with potential regulatory and terrorism-related threats.Warning! GuruFocus has detected 4 Warning Signs with KDP.On February 22, 2024, CF Industries Holdings Inc (NYSE:CF) filed its annual 10-K report, providing a comprehensive overview of its financial performance and strategic direction. As a leading producer and distributor of nitrogen, primarily for fertilizers, CF Industries operates a robust manufacturing network in North America and the United Kingdom. The company's financial health is underpinned by its strategic focus on low-cost U.S. natural gas as a feedstock, positioning it as one of the most cost-efficient nitrogen producers globally. CF Industries is also pioneering in the production of carbon-free blue and green ammonia, aligning with the growing demand for clean energy solutions. The financial tables within the filing reveal a company with solid assets and a commitment to expanding its production capabilities, as evidenced by the recent acquisition of an ammonia production facility in Louisiana and ongoing capacity expansion projects.Decoding CF Industries Holdings Inc (CF): A Strategic SWOT InsightStrengthsMarket Position and Cost Efficiency: CF Industries Holdings Inc (NYSE:CF) stands out as one of the world's largest nitrogen producers, with a strategic advantage stemming from its use of low-cost U.S. natural gas. This feedstock choice not only enhances CF's cost efficiency but also supports its competitive pricing strategy in the global market. The company's extensive network of manufacturing complexes and distribution capabilities further solidify its market position, enabling it to meet the high demand for nitrogen-based products effectively.Story continuesInvestment in Sustainable Solutions: CF's commitment to sustainability is evident in its investments in carbon-free ammonia production. By focusing on blue and green ammonia, CF is positioning itself at the forefront of the clean energy transition. This strategic move not only aligns with global environmental goals but also opens up new market opportunities in energy, fertilizer, and industrial sectors seeking low-carbon solutions.WeaknessesCybersecurity Risks: In an era where digital threats are escalating, CF Industries acknowledges the potential impact of cyberattacks on its operations. Despite not experiencing significant disruptions to date, the company recognizes that future attacks could lead to operational interruptions, financial losses, and reputational damage. This vulnerability underscores the need for ongoing investment in robust cybersecurity measures to safeguard against such risks.Dependence on Natural Gas Prices: CF's reliance on natural gas as a primary feedstock exposes it to the volatility of natural gas prices. Fluctuations in these prices can significantly affect the company's production costs and profit margins. While CF has historically benefited from low-cost natural gas, any upward trend in prices could pose a financial challenge, necessitating strategic hedging or alternative sourcing strategies.OpportunitiesExpansion into Clean Energy: The global shift towards clean energy presents significant growth opportunities for CF Industries. The company's expertise in producing carbon-free ammonia positions it to capitalize on the increasing demand for green hydrogen and nitrogen products. By leveraging its existing infrastructure and technological capabilities, CF can expand its customer base beyond traditional fertilizer markets into emerging sectors such as renewable energy and emissions abatement.Strategic Partnerships and Offtake Agreements: CF's recent off-take agreement for its blue ammonia facility in Louisiana and ongoing discussions with other companies for clean ammonia opportunities highlight the potential for strategic partnerships. These collaborations can facilitate access to new markets, enhance CF's product offerings, and strengthen its position as a leader in sustainable nitrogen production.ThreatsRegulatory and Legislative Changes: CF Industries operates in a heavily regulated industry, where changes in security laws and environmental regulations can lead to increased operating costs or restrictions on product sales. The potential for more stringent regulations, particularly concerning the security of industrial facilities and the use of nitrogen products, poses a threat to CF's operational flexibility and profitability.Terrorism and Infrastructure Vulnerability: As a company with significant industrial facilities, CF acknowledges the risk of being a target for terrorist activities. Any such incidents could disrupt production, damage assets, and result in substantial financial and reputational harm. The company must therefore maintain vigilant security measures and crisis management protocols to mitigate these risks.In conclusion, CF Industries Holdings Inc (NYSE:CF) exhibits a strong market presence and a strategic focus on sustainability, which are key strengths in the evolving global market. However, the company must navigate weaknesses such as cybersecurity risks and natural gas price volatility while seizing opportunities in the clean energy sector. CF must also remain alert to potential threats from regulatory changes and terrorism, which could impact its operations and growth trajectory. Overall, CF's proactive approach to innovation and sustainability positions it well to address these challenges and capitalize on emerging opportunities.This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.This article first appeared on GuruFocus.

GuruFocus.com

Decoding CF Industries Holdings Inc (CF): A Strategic SWOT Insight

https://finance.yahoo.com/news/decoding-cf-industries-holdings-inc-050359015.html

54433394-2308-368e-bba7-cdba93f745b3

CF

It's been a good week for CF Industries Holdings, Inc. (NYSE:CF) shareholders, because the company has just released its latest yearly results, and the shares gained 3.5% to US$80.41. Revenues of US$6.6b were in line with forecasts, although statutory earnings per share (EPS) came in below expectations at US$7.87, missing estimates by 4.3%. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year. See our latest analysis for CF Industries Holdings earnings-and-revenue-growthTaking into account the latest results, the current consensus, from the 16 analysts covering CF Industries Holdings, is for revenues of US$6.05b in 2024. This implies an uncomfortable 8.8% reduction in CF Industries Holdings' revenue over the past 12 months. Statutory earnings per share are expected to nosedive 20% to US$6.45 in the same period. In the lead-up to this report, the analysts had been modelling revenues of US$6.06b and earnings per share (EPS) of US$6.48 in 2024. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.There were no changes to revenue or earnings estimates or the price target of US$85.31, suggesting that the company has met expectations in its recent result. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. The most optimistic CF Industries Holdings analyst has a price target of US$100.00 per share, while the most pessimistic values it at US$68.00. Analysts definitely have varying views on the business, but the spread of estimates is not wide enough in our view to suggest that extreme outcomes could await CF Industries Holdings shareholders.Story continuesThese estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the CF Industries Holdings' past performance and to peers in the same industry. These estimates imply that revenue is expected to slow, with a forecast annualised decline of 8.8% by the end of 2024. This indicates a significant reduction from annual growth of 19% over the last five years. Compare this with our data, which suggests that other companies in the same industry are, in aggregate, expected to see their revenue grow 4.4% per year. It's pretty clear that CF Industries Holdings' revenues are expected to perform substantially worse than the wider industry.The Bottom LineThe most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. The consensus price target held steady at US$85.31, with the latest estimates not enough to have an impact on their price targets.Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. At Simply Wall St, we have a full range of analyst estimates for CF Industries Holdings going out to 2026, and you can see them free on our platform here..Plus, you should also learn about the 1 warning sign we've spotted with CF Industries Holdings .Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Simply Wall St.

Here's What Analysts Are Forecasting For CF Industries Holdings, Inc. (NYSE:CF) After Its Annual Results

https://finance.yahoo.com/news/heres-analysts-forecasting-cf-industries-110504668.html

61edf91c-8740-3d30-a9d6-084d95661d0e

CF

CF Industries Holdings, Inc. CF is expected to benefit from healthy nitrogen fertilizer demand in major markets and lower natural gas costs amid headwinds from lower nitrogen prices.The company’s shares have lost 7.2% over a year compared with the 32.9% decline of its industry.Let’s find out why this Zacks Rank #3 (Hold) stock is worth retaining at the moment. Zacks Investment ResearchImage Source: Zacks Investment Research Healthy Nitrogen Demand Bodes WellCF Industries is gaining from rising global demand for nitrogen fertilizers, driven by significant agricultural demand. Higher crop commodity prices are contributing to healthy demand globally. Industrial demand has also recovered from the pandemic-related disruptions.The company expects global nitrogen demand to remain resilient in the near term on the back of continued strong agriculture applications and recovering industrial demand. Low channel inventories and favorable farm economics are expected to drive demand for nitrogen in North America. Demand for urea is also expected to remain strong in Brazil and India. CF expects India to remain a significant importer of urea in 2024.Moreover, CF Industries is benefiting from a decline in natural gas prices. CF Industries witnessed a significant decline in natural gas costs in the fourth quarter of 2023. Average cost of natural gas fell to $3.01 per MMBtu in the fourth quarter from $6.88 per MMBtu in the year-ago quarter. The same for 2023 declined to $3.67 per MMBtu from $7.18 per MMBtu a year ago. Lower natural gas costs led to a decline in the company's cost of sales. The benefits of reduced gas costs are expected to continue in the first quarter of 2024.CF Industries also remains committed to boosting shareholders’ value by leveraging strong cash flows. It generated net operating cash flows of $2.76 billion and a free cash flow of $1.8 billion in 2023. During the fourth quarter, the company repurchased 2.9 million shares for $225 million. It repurchased around 7.9 million shares for $580 million during 2023. It also returned roughly $900 million to shareholders through dividends and share buybacks in 2023. The company, earlier this year, also announced a 25% increase in quarterly dividend to 50 cents per share.Story continuesLower Nitrogen Prices Pose HeadwindsCF Industries remains challenged by softer nitrogen prices. Global nitrogen prices have declined since the beginning of 2023. Higher global supply availability driven by higher global operating rates due to lower global energy costs has resulted in a decline in prices. Lower average selling prices weighed on CF's top line in the fourth quarter. Selling prices fell as lower global energy costs led to reduced global market clearing price required to meet global demand. The weak pricing environment is expected to continue over the near term. Lower pricing is likely to continue weighing on the company’s sales and margins. CF Industries Holdings, Inc. Price and Consensus CF Industries Holdings, Inc. Price and ConsensusCF Industries Holdings, Inc. price-consensus-chart | CF Industries Holdings, Inc. Quote Stocks to ConsiderBetter-ranked stocks worth a look in the basic materials space include, Alpha Metallurgical Resources Inc. AMR, Carpenter Technology Corporation CRS and Hawkins, Inc. HWKN.The Zacks Consensus Estimate for Alpha Metallurgical Resources’ current-year earnings has been revised upward by 8.8% in the past 60 days. AMR delivered a trailing four-quarter earnings surprise of roughly 24.8%, on average. Its shares are up around 108% in a year. AMR currently carries a Zacks Rank #1 (Strong Buy).  You can see the complete list of today’s Zacks #1 Rank stocks here.The consensus estimate for Carpenter Technology’s current fiscal year earnings is pegged at $4.00, indicating a year-over-year surge of 250.9%. CRS beat the Zacks Consensus Estimate in three of the last four quarters while matching it once, with the average earnings surprise being 12.2%. The company’s shares have gained around 30% in the past year. CRS currently carries a Zacks Rank #2 (Buy).  The Zacks Consensus Estimate for Hawkins’ current fiscal year earnings is pegged at $3.61 per share, indicating a year-over-year rise of 26.2%. The Zacks Consensus Estimate for HWKN’s current-year earnings has been revised 4.3% upward in the past 30 days. HWKN, a Zacks Rank #2 stock, beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 30.6%. The company’s shares have rallied roughly 74% in the past year.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportAlpha Metallurgical Resources, Inc. (AMR) : Free Stock Analysis ReportCF Industries Holdings, Inc. (CF) : Free Stock Analysis ReportCarpenter Technology Corporation (CRS) : Free Stock Analysis ReportHawkins, Inc. (HWKN) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Why You Should Retain CF Industries (CF) in Your Portfolio

https://finance.yahoo.com/news/why-retain-cf-industries-cf-123400331.html

9cbf1620-e92c-321d-a4c2-4932294da471

CFG

Welcome to Future of Finance, where Fortune asks prominent people at major companies about their roles in this vast, ever-changing ecosystem—and what it all means for how we use money.Citizens Financial Group, Inc., headquartered in Providence, R.I., had $222 billion in assets as of Dec. 31 as the 14th-largest bank in the U.S. John F. Woods joined the firm in 2017 as the EVP and chief financial officer, and was named a vice chair of the bank in February 2019.In a recent conversation with Fortune, Woods, who's also held CFO roles at MUFG Americas Holdings Corp. and JPMorgan Chase, discussed his experiences in reallocating capital and liquidity to support investment, the changing roles of CFOs, and embracing the latest in technology to, among other things, meet evolving customer expectations.(This interview has been edited for length and clarity.)How would you describe your role at Citizens?My responsibility is really to allocate resources. We have four big pools that we use to conduct business—capital, liquidity, technology investments, and operating expenses—across the entire platform. What I basically do is orchestrate the highest and best use of all of those resources by partnering with business leaders. For example, if business leaders would like to hire a lot of people, that's operating expenses, or if business leaders would like to grow their business by making more loans, I have to allocate capital and liquidity to support that loan. But if there are more requests for capital and liquidity than we have available, then my job is to rank those opportunities and make a decision about which ones get green-lighted.There is an unlimited interest in building technological capabilities as well. It could be across the board, in terms of building new systems, new interfaces with our customers, more investments in our mobile app, the website, or even generative AI. And the question is: What is the portfolio of technology investments which will connect with our strategic vision? There are more requests for technology capital than we have available, so it's my job to rank those.Story continuesIt sounds like you work collaboratively across all departments. Does that also make you a steward of the company’s strategy as well?The evolution of the CFO role over the past decade or more involves an intensifying expectation that the CFO is a partner to the CEO—and to the business unit leaders on deriving strategy.The expectation that a CFO has orchestrated an environment whereby our financial statements are complete and accurate, generated on time, and all our regulatory materials are submitted with a high degree of accuracy—all of the pipes and plumbing of financial information operating—is now table stakes. It’s just expected that happens. The value that a CFO is really adding is artfully allocating scarce resources to achieve strategic objectives, and to advance initiatives that would have the best return for investors and shareholders.Another part of my role is that of an external spokesman, with respect to the direction of the company. The CEO is the primary driver of managing the external message, but I'm a fast follower with respect to how I interact with the equity investor community and in articulating the direction of the company.How was your experience starting out at Citizens?I joined a year or two after the IPO, so I can't say that I was actually in on the ground floor, but I was pretty close. So it was a year or two after the IPO, and Bruce's vision was to take this underperforming subsidiary of a foreign bank and transform it into a top-performing bank in the United States. And, really, the vision was compelling. I decided to join, was inspired by the ability to roll your sleeves up and be part of a growth story.What we had then was a very limited product set across commercial—primarily with a lower-quality deposit profile of consumers. And what we've done since then is build a highly competitive platform to serve all of our customer segments—an excellent deposit platform, a fantastic product set across retail, business banking, private banking, and middle-margin commercial. It’s been an incredible story.Can we talk about how Citizens surprised industry watchers in 2023 by launching a private bank with the acquisition of arguably First Republic’s strongest assets—its private bankers?For a number of years, one of our strategic objectives has been to be able to serve high-net-worth individuals. We did that a while back when we acquired a company called Clarfeld. That created capabilities to provide advice to the high-net-worth customer segments. But we had been unable to scale that platform because of the need to have enough bankers to interact with this customer segment. But the opportunity arose when First Republic started to get into trouble last spring.We had an opportunity to bid on acquiring First Republic as a company. We didn't win that bid—JPMorgan did. However, as part of that process, we became very attracted to the business model at First Republic. And a lot of the private bankers who worked at First Republic didn't want to work at a very large bank—that's the reason they worked at that bank in the first place.We were contacted by a number of private bankers that used to work at First Republic, and they said, "Listen, we would love to be able to maintain our approach to serving high-net-worth individuals, but we would like to do it outside of the very largest banks, and we think Citizens would be an interesting opportunity." It went very quickly from a conversation with a handful of people to, all of a sudden, 150 people who decided that they wanted to join the Citizens platform.We had a whirlwind several weeks of negotiations and were able to hire people in California, Boston, New York, and Florida. We're going to be setting up shop and opening up branches in all of those geographies. We expect that the private bank is going to generate significant returns. We just launched formally in the fourth quarter of 2023, and we have over a billion dollars of deposits already.What does the future of finance, especially in banking, look like to you?We have to think of ourselves as much as a technology company as we are a banking organization. We have many more engineers and data scientists on staff than we would have had in the past. Our interactions with customers stretch well beyond our branch footprint—a customer may decide to walk into a branch one day, and leaving the branch expect to be able to interact with us on their mobile device, and then may call our call center and expect the call center to know what just happened at the branch.Like using the Uber app, for example, they expect the same level of effectiveness on a banking app. I think banks have evolved to understand the need to be incredibly agile and highly innovative.The other part I would add is that banks will have to address what's going on in the regulatory environment. Customers will want to interact with fewer banks today than they used to in the past. So being able to have your transactions processed quickly and reliably—all of that is table stakes.Banking products themselves are beginning to be embedded within other technologies—we call that embedded finance. So if you are engaging, not with your bank directly, but you want to facilitate payments, but you're not on a bank app, that's basically being powered by banks behind the scenes. Something that we're keeping a close eye on is how to remain relevant in a world where banking products are now being embedded outside of banking applications.This story was originally featured on Fortune.com

Fortune

Future of Finance: Citizens’ John Woods on CFOs steering company strategy and why the best banks think like tech firms

https://finance.yahoo.com/news/future-finance-citizens-john-woods-110000826.html

c298ad77-5596-3014-b5f0-c91bd37c8bf9

CFG

Good morning. I think it’s safe to say we’ve all heard a quote or anecdote about the benefits of always being prepared for an opportunity. I’ve found that philosophy to be true, and I think Citizens Financial Group provides a tangible example.Citizens, headquartered in Providence, R.I., has $222 billion in assets as of Dec. 31, and is the 14th-largest bank in the U.S. I recently had a conversation with John F. Woods, vice chair and CFO at Citizens, for the latest edition of Fortune’s Future of Finance series.“For a number of years, one of our strategic objectives has been to be able to serve high-net-worth individuals,” he told me. “We did that a while back when we acquired a company called Clarfeld. That created capabilities to provide advice to the high-net-worth customer segments. But we had been unable to scale that platform because of the need to have enough bankers to interact with this customer segment. The opportunity arose when First Republic started to get into trouble last spring.”First Republic Bank was closed by the California Department of Financial Protection and Innovation on May 1, 2023, with the FDIC appointed as receiver.“We had an opportunity to bid on acquiring First Republic,” Woods explained. “We didn't win that bid—JPMorgan did. However, as part of that process, we became very attracted to the business model at First Republic. And a lot of the private bankers who worked at First Republic didn't want to work at a very large bank—that's the reason they worked at that bank in the first place.”The conversation with a handful of people accelerated to about 150 people hired as private bankers to work in California, Boston, New York, and Florida, Woods said. The bank announced earlier this month the hiring of Michael Cherny as head of wealth management advisors and Tom Metzger as head of private wealth managers. Citizens has opened its first private-banking office in Boston and has plans to open additional offices in 2024, including in Palm Beach, Fla., and in Mill Valley, Calif., in the spring.Story continuesWoods expects the private bank is going to generate significant returns. “We just formally launched [the private bank] in the fourth quarter of 2023, and we have over a billion dollars of deposits already,” he told me.During our conversation, Woods also talked about how the CFO role is changing: “The evolution of the CFO role over the past decade or more involves an intensifying expectation that the CFO is a partner to the CEO and to the business unit leaders on deriving strategy.”You can read the complete Future of Finance interview here.Sheryl [email protected] story was originally featured on Fortune.com

Fortune

How Citizens Financial positioned itself to scoop up private bankers from First Republic

https://finance.yahoo.com/news/citizens-financial-positioned-itself-scoop-120701796.html

1af33c89-cac3-35c6-8e96-047f3e9bef57

CFG

When I set up an interview with Bruce Van Saun, head of Citizens Financial Group, the 14th largest bank in the US, for a piece that would mark the first anniversary of the collapse of Silicon Valley Bank I didn’t anticipate having such a fresh feeling of déjà vu.But an action-packed week of news from New York Community Bank brought back unwelcome memories of last year’s banking crisis.NYCB disclosed it had identified a “material weakness” in the company’s lending operations that had to do with “internal loan review, resulting from ineffective oversight, risk assessment and monitoring activities.” Translation: People who are supposed to catch potential problems before they become actual problems screwed up.Then, after a report said the beleaguered regional lender was searching for much-needed investment, the bank’s stock (NYCB) fell by more than 40%, trading below $2 a share.But a quick look at how other regional bank stocks were performing as shares of NYCB plunged quickly reassured me that this probably wasn’t the pilot episode of season two of America’s Banking Crisis. Many regional bank stocks were either down slightly or in positive territory.However, that wasn’t at all the case on March 10, 2023, the day SVB was shuttered by regulators. Other regional bank stocks got slammed: By the end of the day, most saw their stock down by double-digit percentages.An employee holds the door open at the Silicon Valley Bank branch office in downtown San Francisco, California, on March 13, 2023. - Kori Suzuki/ReutersIt’s been exactly one year since that fateful day marked the start of a string of subsequent bank failures. Having weathered the chaos that ensued, the banking industry as a whole appears better positioned now.But it’s not without headwinds. Of primary concern are commercial real estate loans banks made that have soured with office vacancy rates at an all-time high as people continue to work remotely. As a result, many office landlords have slashed rent or sold off properties at a loss. All that could potentially mean very significant sums of missed loan payments.Story continuesBecause of that, “there will be bank failures,” Federal Reserve Chair Jerome Powell warned senators in his semi-annual testimony last week.I sat down with Van Saun to discuss how he sees the banking industry a year after SVB’s collapse and what he believes is in store for the future.This interview has been edited for length and clarity.CNN: I know you’d probably rather leave the past in the past in terms of last year’s banking crisis, but I have to ask: What do you think caused the bank failures? Bruce Van Saun: People like to call last year’s bank failures regional bank failures. It was idiosyncratic bank failures. Both of those banks [Signature Bank and Silicon Valley Bank] went from $50 billion in assets to over $200 billion in four years. They grew too fast, took in a high percentage of uninsured deposits, had very concentrated, narrow customer bases so they were susceptible to [deposit] flight risk.Citizens Financial Group CEO Bruce Van Saun has been leading the Providence, Rhode Island-based bank for over a decade. - Richard Drew/APThey also borrowed short and invested long, which is a cardinal sin of banking. They didn’t manage their interest rate risk well because they didn’t have the muscle that you would have if you grew slowly over the years and were heavily regulated like bigger banks like ourselves.Who deserves more blame: failed banks’ management teams for not ensuring proper guardrails were in place or financial supervisors whose jobs are to identify red flags? It’s a joint failure.The first line is really the board and management. If you have a quality board and management team then you should avoid making bad strategic thrusts — like the way SVB just wanted to grow at all costs, take in the hot money and invest in long-term Treasuries.But the regulatory process is intended to pressure test that and spot those shortcomings.Even though Citizens didn’t have the same problems as the banks that failed last year, your stock came under a lot of pressure like almost all regional banks. What was last year’s experience like for you?There was this whole read across the industry of guilty until proven innocent. We were on the back foot. We had the facts — we knew that we were well capitalized and we had a sticky consumer deposit base — but we had to explain it all and be out there telling our story.Citizens Financial Group is the 14th largest bank in the US - Michael Nagle/Bloomberg/Getty ImagesWe were very focused on maintaining deposits and liquidity out of the chute and we knew that there were some offensive opportunities (in other words, ways to capitalize on the banking failures in a way that would benefit Citizens). Customers from SVB and Signature Bank wanted to get their money out and open new accounts. We saw such high demand we extended our hours and we had extra people on at the weekend. That sent a positive message to people that we’re fine and that people view us as a safe bank because they’re looking to open accounts here.We have normal protocols for when we’re in a stressful external environment that involves meeting daily. But it’s not like we were losing sleep over this.How has the past year changed Citizens’ business model?One thing that’s become apparent is that deposits are going to cost more. So where we’re lending those deposits is even more important.When the Fed was pumping lots of money into the system and you had lots of deposits, you could do some things that were accretive to your bottom line but maybe not strategic.We were in the indirect auto loan business, we were in flow agreements with SoFi and Affirm (meaning Citizens bought some of their loans and shared in their risks in exchange for collecting fees). We just said “We don’t need to do that anymore. We should solidify the deposit base.”What’s your read on what’s going on with New York Community Bank? Do you think they’re out of the woods having secured a $1 billion investment and now undergoing a huge management overhaul?When a stock’s going down so much people think, “Here we go again, this bank’s gonna fail,” I think the chances of failure have been dramatically reduced by having these outside investors put the capital in and then commit to working on its problems.NYCB will gain instant credibility with the regulators, having Joseph Otting as CEO. (Otting was the comptroller of the currency from 2017 to 2020. Before then, he was the CEO of OneWest Bank and was responsible for navigating that lender through a period of stress. In 2015, it was sold to CIT Group for $3.4 billion.)Do you see NYCB’s situation as a sign that there could be more trouble coming for the banking industry? It’s idiosyncratic, because it’s an amalgamation of three banks in a very short timeframe. (NYCB acquired Flagstar in 2022. A year later it purchased $40 billion of assets from Signature Bank, which brought NYCB’s total assets above $100 billion. Crossing that threshold is significant for banks since it means, by law, they have to set aside more capital to protect against future losses.)Office real estate is just one component of commercial real estate, albeit the most worrisome to banks and economists. - Carlos Barria/ReutersOkay, but what about commercial real estate? The number of people working in offices is much, much lower than it was pre-pandemic. Are you bracing for another chapter of banking stress? What is Citizens doing to cushion against potential high losses in the sector given close to one-fifth of your loans are there? You have to look under the covers. The nature of our portfolio matters.Within commercial real estate, industrial, warehouse and distribution space is fine. Multi-family homes are generally fine. When it comes to offices, we have certain pockets of life science businesses like lab research facilities that are super safe because they never had to close during Covid. (Loans to general office buildings are riskier though, he said.)We go through all of that and we say we’ll lose some money here, but we’re not going to lose our shirt and we’ve put up big reserves against them. We’re working on a loan-by-loan basis with our most senior people. I think it’s a well-managed process.For more CNN news and newsletters create an account at CNN.com

CNN Business

Regional banks were all ‘guilty until proven innocent’ after Silicon Valley Bank, Citizens CEO says

https://finance.yahoo.com/news/regional-banks-were-guilty-until-110037240.html

eac13a7f-472c-337e-882b-0ddff278a459

CFG

Citizens Financial Services, Inc. (NASDAQ:CZFS) is about to trade ex-dividend in the next two days. The ex-dividend date occurs one day before the record date which is the day on which shareholders need to be on the company's books in order to receive a dividend. The ex-dividend date is important as the process of settlement involves two full business days. So if you miss that date, you would not show up on the company's books on the record date. In other words, investors can purchase Citizens Financial Services' shares before the 14th of March in order to be eligible for the dividend, which will be paid on the 29th of March.The company's upcoming dividend is US$0.49 a share, following on from the last 12 months, when the company distributed a total of US$1.96 per share to shareholders. Looking at the last 12 months of distributions, Citizens Financial Services has a trailing yield of approximately 4.6% on its current stock price of US$42.845. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. So we need to check whether the dividend payments are covered, and if earnings are growing. See our latest analysis for Citizens Financial Services Dividends are typically paid from company earnings. If a company pays more in dividends than it earned in profit, then the dividend could be unsustainable. That's why it's good to see Citizens Financial Services paying out a modest 48% of its earnings.When a company paid out less in dividends than it earned in profit, this generally suggests its dividend is affordable. The lower the % of its profit that it pays out, the greater the margin of safety for the dividend if the business enters a downturn.Click here to see how much of its profit Citizens Financial Services paid out over the last 12 months.historic-dividendHave Earnings And Dividends Been Growing?When earnings decline, dividend companies become much harder to analyse and own safely. If earnings decline and the company is forced to cut its dividend, investors could watch the value of their investment go up in smoke. Citizens Financial Services's earnings per share have fallen at approximately 5.0% a year over the previous five years. When earnings per share fall, the maximum amount of dividends that can be paid also falls.Story continuesThe main way most investors will assess a company's dividend prospects is by checking the historical rate of dividend growth. Citizens Financial Services has delivered 7.5% dividend growth per year on average over the past 10 years.Final TakeawayShould investors buy Citizens Financial Services for the upcoming dividend? Earnings per share have shrunk noticeably in recent years, although we like that the company has a low payout ratio. This could suggest a cut to the dividend may not be a major risk in the near future. We're unconvinced on the company's merits, and think there might be better opportunities out there.If you want to look further into Citizens Financial Services, it's worth knowing the risks this business faces. Case in point: We've spotted 3 warning signs for Citizens Financial Services you should be aware of.Generally, we wouldn't recommend just buying the first dividend stock you see. Here's a curated list of interesting stocks that are strong dividend payers.Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Simply Wall St.

Citizens Financial Services, Inc. (NASDAQ:CZFS) Pays A US$0.49 Dividend In Just Two Days

https://finance.yahoo.com/news/citizens-financial-services-inc-nasdaq-190414368.html

5ad91a2b-2346-346c-a323-d4f6256e1df4

CHD

Key InsightsThe projected fair value for Church & Dwight is US$124 based on 2 Stage Free Cash Flow to EquityCurrent share price of US$100 suggests Church & Dwight is potentially trading close to its fair value The US$99.82 analyst price target for CHD is 19% less than our estimate of fair valueIn this article we are going to estimate the intrinsic value of Church & Dwight Co., Inc. (NYSE:CHD) by taking the forecast future cash flows of the company and discounting them back to today's value. Our analysis will employ the Discounted Cash Flow (DCF) model. Don't get put off by the jargon, the math behind it is actually quite straightforward.Companies can be valued in a lot of ways, so we would point out that a DCF is not perfect for every situation. For those who are keen learners of equity analysis, the Simply Wall St analysis model here may be something of interest to you. Check out our latest analysis for Church & Dwight The CalculationWe use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows. Generally the first stage is higher growth, and the second stage is a lower growth phase. To begin with, we have to get estimates of the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.Generally we assume that a dollar today is more valuable than a dollar in the future, so we discount the value of these future cash flows to their estimated value in today's dollars:10-year free cash flow (FCF) estimate2024202520262027202820292030203120322033 Levered FCF ($, Millions) US$851.1mUS$1.04bUS$1.14bUS$1.17bUS$1.21bUS$1.25bUS$1.28bUS$1.32bUS$1.35bUS$1.39bGrowth Rate Estimate SourceAnalyst x4Analyst x7Analyst x3Analyst x2Analyst x2Est @ 3.09%Est @ 2.85%Est @ 2.68%Est @ 2.57%Est @ 2.48% Present Value ($, Millions) Discounted @ 6.0% US$803US$930US$954US$925US$906US$881US$855US$829US$802US$776("Est" = FCF growth rate estimated by Simply Wall St)Present Value of 10-year Cash Flow (PVCF) = US$8.7bStory continuesWe now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 5-year average of the 10-year government bond yield of 2.3%. We discount the terminal cash flows to today's value at a cost of equity of 6.0%.Terminal Value (TV)= FCF2033 × (1 + g) ÷ (r – g) = US$1.4b× (1 + 2.3%) ÷ (6.0%– 2.3%) = US$39bPresent Value of Terminal Value (PVTV)= TV / (1 + r)10= US$39b÷ ( 1 + 6.0%)10= US$22bThe total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is US$30b. To get the intrinsic value per share, we divide this by the total number of shares outstanding. Relative to the current share price of US$100, the company appears about fair value at a 19% discount to where the stock price trades currently. Remember though, that this is just an approximate valuation, and like any complex formula - garbage in, garbage out.dcfThe AssumptionsThe calculation above is very dependent on two assumptions. The first is the discount rate and the other is the cash flows. If you don't agree with these result, have a go at the calculation yourself and play with the assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Church & Dwight as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 6.0%, which is based on a levered beta of 0.800. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business.SWOT Analysis for Church & DwightStrengthEarnings growth over the past year exceeded the industry.Debt is well covered by earnings and cashflows.Dividends are covered by earnings and cash flows.WeaknessDividend is low compared to the top 25% of dividend payers in the Household Products market.OpportunityAnnual earnings are forecast to grow for the next 3 years.Current share price is below our estimate of fair value.ThreatAnnual earnings are forecast to grow slower than the American market.Looking Ahead:Valuation is only one side of the coin in terms of building your investment thesis, and it shouldn't be the only metric you look at when researching a company. It's not possible to obtain a foolproof valuation with a DCF model. Instead the best use for a DCF model is to test certain assumptions and theories to see if they would lead to the company being undervalued or overvalued. For instance, if the terminal value growth rate is adjusted slightly, it can dramatically alter the overall result. For Church & Dwight, we've compiled three essential aspects you should consider:Risks: For instance, we've identified 1 warning sign for Church & Dwight that you should be aware of.Future Earnings: How does CHD's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart.Other High Quality Alternatives: Do you like a good all-rounder? Explore our interactive list of high quality stocks to get an idea of what else is out there you may be missing!PS. Simply Wall St updates its DCF calculation for every American stock every day, so if you want to find the intrinsic value of any other stock just search here.Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Simply Wall St.

Estimating The Intrinsic Value Of Church & Dwight Co., Inc. (NYSE:CHD)

https://finance.yahoo.com/news/estimating-intrinsic-value-church-dwight-140445166.html

1f9a08c2-34fb-3a26-91ac-ce8fb47c5bbf

CHD

For Immediate ReleaseChicago, IL – February 26, 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Colgate-Palmolive Co. CL, Church & Dwight Co., Inc. CHD, Inter Parfums, Inc. IPAR, Lamb Weston Holdings, Inc. LW and Molson Coors Beverage Co. TAP.Here are highlights from Friday’s Analyst Blog:5 Consumer Staple Stocks to Buy Amid Ongoing Market VolatilityThe Wall Street rally that saw major indexes hit all-time highs in early February has suddenly come to a halt, with markets turning volatile again last week. A hotter-than-expected inflation data has dimmed hopes of a rate cut by the Federal Reserve anytime soon.Investor confidence took a further hit after the release of the minutes of the Federal Reserve's January FOMC meeting on Feb 20. The minutes of the meeting suggest that the Federal Reserve is in no hurry to cut interest rates and it will go for the first interest rate cut only after officials have "greater confidence" that inflation is cooling.Fading hopes of a rate cut anytime soon saw the 10-year Treasury yield jump past 4%. Markets are now pricing in just an 8.5% chance of the Federal Reserve going for a rate cut in March, according to the CME FedWatch tool. The probability was above 90% in the first week of January.Also, expectations of a rate cut in May have declined substantially, with 76% of the market participants expecting the first rate cut to happen not before the June FOMC meeting.Given this situation, investing in defensive stocks like consumer staples is a safe bet.The consumer staples sector is stable and robust at its core, as the demand for its services tends to remain unaffected by economic fluctuations. This sector comprises businesses offering essential products for everyday use, rendering it inherently defensive in its nature. Also, the sector is known for the predictability and consistency of its earnings and cash flows.Story continuesOur ChoicesWe have narrowed down our search to five consumer staple stocks such as Colgate-Palmolive Co., Church & Dwight Co., Inc., Inter Parfums, Inc., Lamb Weston Holdings, Inc. and Molson Coors Beverage Co.. The stocks have a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here.Colgate-Palmolive Company's business strategy closely defines efforts to increase its leadership in key product categories through innovation in core businesses, tracking adjacent categories' growth and expansion into new markets and channels. Due to the shift of consumer preference to organic and natural ingredients, CL is expanding its Naturals range, including Naturals toothpaste.Colgate-Palmolive Company has an expected earnings growth rate of 7.7% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.9% over the past 60 days. CL presently has a Zacks Rank #2.Church & Dwight Co., Inc. develops, manufactures and markets a broad range of household, personal care and specialty products. CHD is the leading U.S. producer of sodium bicarbonate, popularly known as baking soda, a natural product that cleans, deodorizes, leavens and buffers.Church & Dwight has an expected earnings growth rate of 8.2% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.6% over the past 60 days. CHD currently carries a Zacks Rank #2.Inter Parfums, Inc. is engaged in the manufacturing, distribution and marketing of a wide range of fragrances and related products. IPAR manages its business through two operational units — European-based operations and United States-based operations.Inter Parfums has an expected earnings growth rate of 20.4% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.6% over the past 60 days. IPAR currently has a Zacks Rank #2.Lamb Weston Holdings, Inc. is a leading global manufacturer, marketer and distributor of value-added frozen potato products, particularly French fries, and provides a range of appetizers. LW, along with its joint venture allies, is the top frozen potato products supplier in North America, while it also operates internationally, with a robust and growing presence in emerging markets.Lamb Weston's expected earnings growth rate for the current year is 26.9%. The Zacks Consensus Estimate for current-year earnings has improved 1.7% over the past 60 days. LW currently has a Zacks Rank #2.Molson Coors Beverage Company, the global manufacturer and seller of beer and other beverage products, has an impressive diverse portfolio of owned and partner brands. TAP's brands include global priority brands such as Blue Moon, Miller Lite, CoorsBanquet, Coors Light, Miller Genuine Draft and Staropramen, as well as regional champion brands like Carling and Molson Canadian.Molson Coors Beverage Company's expected earnings growth rate for the current year is 4.2%. The Zacks Consensus Estimate for the current-year earnings has improved 4.6% over the past 60 days. TAP presently sports a Zacks Rank #1.Why Haven't You Looked at Zacks' Top Stocks? Since 2000, our top stock-picking strategies have blown away the S&P's +7.0 average gain per year. Amazingly, they soared with average gains of +44.9%, +48.4% and +55.2% per year.Today you can access their live picks without cost or obligation.See Stocks Free >>Media ContactZacks Investment Research800-767-3771 ext. [email protected]                        https://www.zacks.comPast performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.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 reportColgate-Palmolive Company (CL) : Free Stock Analysis ReportChurch & Dwight Co., Inc. (CHD) : Free Stock Analysis ReportMolson Coors Beverage Company (TAP) : Free Stock Analysis ReportInter Parfums, Inc. (IPAR) : Free Stock Analysis ReportLamb Weston (LW) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

The Zacks Analyst Blog Highlights Colgate-Palmolive, Church & Dwight, Inter Parfums, Lamb Weston and Molson Coors Beverage

https://finance.yahoo.com/news/zacks-analyst-blog-highlights-colgate-143700590.html

f78ecaae-7d21-31b0-a60b-edb78626b410

CHD

Goldman Sachs analyst Bonnie Herzog said the companies will see their gross margins benefit from falling inflation.Continue reading

Barrons.com

Goldman Sachs Has 3 New Staple Stock Favorites

https://finance.yahoo.com/m/519c3591-c804-3280-80ba-df736ba6f6ae/goldman-sachs-has-3-new.html

519c3591-c804-3280-80ba-df736ba6f6ae

CHD

Monster Beverage Corporation MNST has been doing well, thanks to its robust business strategies. The company has been gaining from the expansion of the energy drinks category and product launches. It has launched many products and expanded distribution in the international markets.Buoyed by such strengths, shares of this energy drinks and alternative beverages’ marketer have risen 18% compared with the industry’s 4.9% growth over the past year. A Momentum Score of A further adds strength to this currently Zacks Rank #3 (Hold) company.Analysts seem quite optimistic about the company. The Zacks Consensus Estimate for 2024 sales and earnings per share is currently pegged at $1.93 billion and 44 cents, respectively. These estimates show corresponding growth of 13.3% and 15.8% year over year.Delving DeeperMonster Beverage is experiencing strength in its energy drinks category, which has been driving performance for a while now. The company offers a wide range of energy drinks brands such as Monster Energy, Monster Energy Ultra, Monster Rehab, Monster Energy Nitro, Java Monster, Punch Monster, Juice Monster, Monster Hydro Energy Water, Monster Hydro Super Sport, Monster Super Fuel, Monster Dragon Tea, Reign Total Body Fuel, Reign Inferno Thermogenic Fuel, Reign Storm, True North, NOS, Full Throttle, Burn, Mother, Nalu, Ultra Energy, Play Relentless, BPM, BU, Gladiator, Samurai, Live+, Predator and Fury.Zacks Investment ResearchImage Source: Zacks Investment ResearchIn fourth-quarter 2023, the Monster Energy Drinks segment's net sales increased 15.1% year over year to $1.60 billion. On a currency-adjusted basis, net sales for the segment rose 16.5%. It continues to have market share leadership in the energy drinks category for all outlets combined in the United States in both the 13-week and four-week periods ended Feb 17, 2024.Product innovation plays a significant role in the company's success. Monster Beverage launched Monster Aussie Lemonade in Japan, Monster Ultra Paradise in Malaysia, Monster Mango Loco and Pipeline Punch in Kazakhstan, and Monster Mango Loco in the Philippines. In February this year, the company introduced Predator Gold Strike in Azerbaijan and the Philippines. It had earlier rolled out its first flavored malt beverage alcohol product, The Beast Unleashed, in the United States and received positive feedback. This marked the expansion of the distribution of The Beast Unleashed into additional markets, with plans for nationwide distribution ahead.Management expressed satisfaction with its 2023 product innovations, including Monster Energy Zero-Sugar, Ultra Strawberry Dreams and Rainstorm in the United States, along with Monster Energy Lewis Hamilton 44 Zero-Sugar in EMEA.Additionally, the company continues to benefit from its pricing actions across various regions to negate the impacts of rising commodity costs and inflation. MNST continued to implement price hikes in the fourth quarter of 2023, with additional price hikes planned in several other markets ahead.  Monster Beverage has implemented price increases in the first quarter of 2024 across certain international markets. It is continuing to monitor opportunities for further pricing actions across the United States and internationally. In fourth-quarter 2023, Monster Beverage’s gross margin expanded 240 basis points to 54.2%, driven by pricing actions, lower freight-in costs and reduced input costs.To wrap up, Monster Beverage seems to be a decent investment bet given all the aforementioned positives.Story continuesStocks to ConsiderWe highlighted some better-ranked stocks from the broader Consumer Staples space, namely Church & Dwight Co. CHD, Colgate-Palmolive CL and Inter Parfums IPAR.Church & Dwight, offering a broad range of household, personal care and specialty products, currently carries a Zacks Rank #2 (Buy). CHD has a trailing four-quarter earnings surprise of 10.1%, on average. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.The Zacks Consensus Estimate for Church & Dwight’s current financial year’s sales and earnings suggests growth of 8.7% and 6.4%, respectively, from the year-ago numbers.Colgate, a leading consumer goods company, currently carries a Zacks Rank of 2. CL has a trailing four-quarter earnings surprise of 4.2%, on average.The Zacks Consensus Estimate for CL’s current financial-year sales and earnings suggests growth of 3.5% and 7.7%, respectively, from the year-ago reported figures.Inter Parfums is engaged in the manufacturing, distribution and marketing of a wide range of fragrances and related products. It currently carries a Zacks Rank of 2.The Zacks Consensus Estimate for IPAR’s current financial-year sales and earnings indicates advancements of 20.9% and 20.2%, respectively, from the prior-year figures. It has a trailing four-quarter earnings surprise of 45.7%, on average.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 reportColgate-Palmolive Company (CL) : Free Stock Analysis ReportChurch & Dwight Co., Inc. (CHD) : Free Stock Analysis ReportInter Parfums, Inc. (IPAR) : Free Stock Analysis ReportMonster Beverage Corporation (MNST) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Monster Beverage's (MNST) Growth Strategies Progress Well

https://finance.yahoo.com/news/monster-beverages-mnst-growth-strategies-164800684.html

b802c143-dd89-3298-a70a-c5df128fc828

CHRW

In this article, we will look into the 25 most valuable logistics companies in the world in 2024. If you want to skip our detailed analysis, you can go directly to the 5 Most Valuable Logistics Companies in the World in 2024.Logistics Industry: A Market AnalysisAccording to a report by Precedence Research, the global logistics market was worth $7.98 trillion in 2022. The market is expected to grow at a compound annual growth rate of 10.7% from 2023 to 2030 and reach $18.23 trillion in 2030. The market is rapidly shifting towards digitization and automation, driving companies to adopt technologies including the Internet of Things (IoT), artificial intelligence (AI), machine learning, and robotics. Another significant market trend is waterways transportation, which transports goods and passengers through water bodies. The demand for water transportation is increasing due to its cost-effectiveness and high carrying capacity. The growing e-commerce market, cross-border sales, and third-party operations have incited the growth of the logistics market.Regionally, the market is poised for substantial growth all across the world. However, North America is expected to grow at the highest rate, driven by its well-developed infrastructure network and robust supply chain. Europe is also expected to grow at a significant rate over the forecasted period, fueled by its growing e-commerce sector, increasing research and development, skilled workforce, strong infrastructure, and growing reliance on logistics solutions.Major Players in the MarketSome of the leading companies in the logistics market include United Parcel Service, Inc. (NYSE:UPS), FedEx Corporation (NYSE:FDX), and Deutsche Post AG (OTC:DHLGY).United Parcel Service, Inc. (NYSE:UPS) is a market leader in the logistics market. On January 10, Stifel analyst J. Bruce Chan raised his price target on United Parcel Service, Inc. (NYSE:UPS) to $190 from $180 and maintained a buy rating. Over the past 3 months, 8 Wall Street analysts have given a buy rating on the stock. The average price forecast of the stock is $161.5 and the high price target is $191.Story continuesThe company also reported its earnings for the fiscal fourth quarter of 2023, recently on January 30. The company reported an EPS of $2.47 and beat estimated by $0.01. Here are some of the comments from its earnings call:"We continue to deploy transformative technology to increase efficiency within our warehousing facilities. The latest example is our state-of-the-art pick, pack, and ship center in Louisville, Kentucky, that we call UPS Velocity. We named it Velocity because it leverages robotics, automation, machine learning, and artificial intelligence to streamline fulfillment operations.This facility is capable of processing over 350,000 units per day and enables a best-in-class experience for our customers and their customers. Our customer first, people led innovation driven strategy is the foundation of our business. And our continued execution of the strategy enables us to exit 2023 with momentum."On January 14, FedEx Corporation (NYSE:FDX) announced the launch of the first-ever data-driven commerce platform, fdx. The new commerce platform will offer end-to-end commerce solutions to businesses by streamlining the entire journey of the customers, providing companies with the necessary data to grow their demand and increase conversions. The fdx is set to officially launch in the fall of 2024. However, the platform is available for preview upon request.Deutsche Post AG (OTC:DHLGY) is a leading Logistics Company in Germany. On February 8, the company announced that it had deployed a hydrogen truck by Paul Nutzfahrzeuge GmbH, a special-purpose commercial vehicle maker. This truck is based on the Mercedes Benz Atego. It will be utilized at the Cologne location for distribution and line hauls. This hydrogen truck is the second truck that Deutsche Post AG (OTC:DHLGY) has recently deployed in Germany. The first vehicle is operating at the Cologne West facility for the Post and Parcel Germany Division.Now let's look at the 25 most valuable logistics companies in the world in 2024.25 Most Valuable Logistics Companies in the World in 202425 Most Valuable Logistics Companies in the World in 2024MethodologyTo compile our list of the 25 most valuable logistics companies in the world in 2024, we reviewed multiple reports and screened stocks using Finviz and Yahoo Finance stock screeners. We have ranked the companies in ascending order of their market cap as of February 9, 2024. For private companies on our list, we have utilized their most recent revenue to rank them.By the way, Insider Monkey is an investing website that tracks the movements of corporate insiders and hedge funds. By using a consensus approach, we identify the best stock picks of more than 900 hedge funds investing in US stocks. The top 10 consensus stock picks of hedge funds outperformed the S&P 500 Index by more than 140 percentage points over the last 10 years (see the details here). Whether you are a beginner investor or a professional one looking for the best stocks to buy, you can benefit from the wisdom of hedge funds and corporate insiders.25 Most Valuable Logistics Companies in the World in 202425. Nippon Express Holdings, Inc. (OTC:NPEHF)Market Cap as of February 9: $5.16 billionFounded in 1937, Nippon Express Holdings, Inc. (OTC:NPEHF) is a logistics company in Japan. The company has an experience of over 80 years in areas including logistics and custom consulting, ocean and air services, trucking, and distribution. As of February 9, Nippon Express Holdings, Inc. (OTC:NPEHF) has a market cap of $5.16 billion.24. Ryder System, Inc. (NYSE:R)Market Cap as of February 9: $5.19 billionRyder System, Inc. (NYSE:R) is ranked among the most valuable logistics companies in the world in 2024. The company specializes in transportation, logistics, supply chain, trucking services, integrated logistics, warehousing, and distribution. As of February 9, Ryder System, Inc. (NYSE:R) has a market cap of $5.19 billion.23. Yamato Holdings Co., Ltd. (OTC:YATRY)Market Cap as of February 9: $5.86 billionYamato Holdings Co., Ltd. (OTC:YATRY) is ranked 23rd on our list. Headquartered in San Po Kong, Kowloon, the company offers a variety of services including international freight, freight forwarding, delivery service, logistics, and moving services. The company has an experience of over 38 years. Yamato Holdings Co., Ltd. (OTC:YATRY) has a market cap of $5.86 billion, as of February 9.22. GXO Logistics, Inc. (NYSE:GXO)Market Cap as of February 9: $6.74 billionHeadquartered in Connecticut, GXO Logistics, Inc. (NYSE:GXO) is one of the most valuable logistics companies. The company specializes in contract logistics and supply chain services. As of February 9, GXO Logistics, Inc. (NYSE:GXO) has a market cap of $6.74 billion.21. Landstar System, Inc. (NASDAQ:LSTR)Market Cap as of February 9: $6.89 billionLandstar System, Inc. (NASDAQ:LSTR) is headquartered in Jacksonville, Florida. The Fortune 500 company specializes in logistics, supply chain, custom transportation, cross-border e-commerce, and customs brokerage, among others. As of February 9, Landstar System, Inc. (NASDAQ:LSTR) has a market cap of $ 6.89 billion.20. C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)Market Cap as of February 9: $8.71 billionC.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) is ranked among the most valuable logistics companies. The company has $30 billion in freight under management. It specializes in transportation, freight, supply chain, and logistics. As of February 9, C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) has a market cap of $8.71 billion.19. Sinotrans Limited (OTC:SNOTF)Market Cap as of February 9: $8.94 billionSinotrans Limited (OTC:SNOTF) is ranked 19th on our list. It operates across multiple business segments including logistics, freight forwarding, and storage services among others. As of February 9, Sinotrans Limited (OTC:SNOTF) has a market cap of $8.94 billion.18. Knight-Swift Transportation Holdings Inc. (NYSE:KNX)Market Cap as of February 9: $9.67 billionFounded in 2010, Knight-Swift Transportation Holdings Inc. (NYSE:KNX) offers services across business segments including logistics, transportation, and supply chain. As of February 9, Knight-Swift Transportation Holdings Inc. (NYSE:KNX) has a market cap of $9.67 billion.17. Kerry Logistics LimitedAnnual Revenue (2022): $11.08 billionKerry Logistics Limited is a logistics company headquartered in Hong Kong. The company offers a variety of services including logistics, cross-border e-commerce, infrastructure investment, ocean and air freight, road and rail freight, and industrial logistics among others. In 2022, the company reported an annual revenue of $11.08 billion.16. TFI International Inc. (NYSE:TFII)Market Cap as of February 9: $12.22 billionTFI International Inc. (NYSE:TFII) is a Canadian company, headquartered in Montreal. The company provides logistics services in Canada and the US. As of February 9, TFI International Inc. (NYSE:TFII) boasts a market cap of $12.22 billion.15. XPO, Inc. (NYSE:XPO)Market Cap as of February 9: $14.03 billionXPO, Inc. (NYSE:XPO) is ranked among the most valuable logistics companies in the world in 2024. The company specializes in trucking and freight services. XPO, Inc. (NYSE:XPO) has a market cap of $14.03 billion, as of February 9.14. ZTO Express (Cayman) Inc. (NYSE:ZTO)Market Cap as of February 9: $14.39 billionZTO Express (Cayman) Inc. (NYSE:ZTO) is ranked 14th on our list. Headquartered in Shanghai, China, the company provides transportation, trucking, and logistics services. ZTO Express (Cayman) Inc. (NYSE:ZTO) reports a market cap of $14.39 billion, as of February 9.13. GEODISAnnual Revenue (2022): $14.75 billionRanked 13th on our list, GEODIS is a leading logistics company in France. The company was founded in 1904. It specializes in air and sea freight, logistics, and reverse logistics. In 2022, GEODIS reported an annual revenue of $14.75 billion.12. Saia, Inc. (NASDAQ:SAIA)Market Cap as of February 9: $15.01 billionSaia, Inc. (NASDAQ:SAIA) is ranked 12th on our list. Founded in 1924, the company provides cargo, freight, and logistics services. Saia, Inc. (NASDAQ:SAIA) reports a market cap of $15.01 billion, as of February 9.11. Expeditors International of Washington, Inc. (NYSE:EXPD)Market Cap as of February 9: $18.52 billionExpeditors International of Washington, Inc. (NYSE:EXPD) ranks 11th on our list. The company provides freight and logistics services through a global network of more than 320 locations. As of February 9, Expeditors International of Washington, Inc. (NYSE:EXPD) boasts a market cap of $18.52 billion.10. Bolloré SE (OTC:BOIVF)Market Cap as of February 9: $18.93 billionBolloré SE (OTC:BOIVF) is a French logistics company founded in 1822. It offers services including transportation, freight, logistics, and supply chain solutions. As of February 9, Bolloré SE (OTC:BOIVF) boasts a market cap of $18.93 billion. It is ranked 10th on our list.9. J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)Market Cap as of February 9: $22.25 billionJ.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) is ranked among our list of the most valuable logistics companies in the world in 2024. The company has been providing logistics services in Mexico, Canada, and the US for over 60 years. J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) boasts a market cap of $22.25 billion, as of February 9.8. A.P. Møller - Mærsk A/S (OTC:AMKBY)Market Cap as of February 9: $24.78 billionA.P. Møller - Mærsk A/S (OTC:AMKBY) provides logistics and transportation services in over 130 countries. As of February 9, the company has a market cap of $24.78 billion. A.P. Møller - Mærsk A/S (OTC:AMKBY) is ranked 8th on our list.7. DSV A/S (OTC:DSDVY)Market Cap as of February 9: $36.45 billionDSV A/S (OTC:DSDVY) is a leading freight and logistics company. Founded in 1976, the company operates across segments including freight, sea and air transport, logistics, storage, and supply chain. As of February 9, DSV A/S (OTC:DSDVY) has a market cap of $36.45 billion.6. Kuehne + Nagel International AG (OTC:KHNGF)Market Cap as of February 9: $39.35 billionKuehne + Nagel International AG (OTC:KHNGF) is ranked 6th on our list of the most valuable logistics companies in the world in 2024. The Swiss company provides sea, air, road, and contract logistics services. As of February 9, the company has a market cap of $39.35 billion.Click to continue reading and see the 5 Most Valuable Logistics Companies in the World in 2024.Suggested Articles:14 Best US Stocks For Foreign Investors17 Fastest Growing Cities in the US11 Best Logistics Stocks to BuyDisclosure: None. 25 Most Valuable Logistics Companies in the World in 2024 is originally published on Insider Monkey.

Insider Monkey

25 Most Valuable Logistics Companies in the World in 2024

https://finance.yahoo.com/news/25-most-valuable-logistics-companies-183601052.html

b4f14623-23a1-3bf7-a4a7-f6ca82aa1771

CHRW

It has been about a month since the last earnings report for C.H. Robinson Worldwide (CHRW). Shares have added about 0.8% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is C.H. Robinson due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.C.H. Robinson Q4 Earnings Lag EstimatesC.H. Robinson fourth-quarter 2023 earnings of 50 cents per share missed the Zacks Consensus Estimate of 80 cents and declined year over year. Total revenues of $4,221.9 million lagged the Zacks Consensus Estimate of $4,352.1 million and declined 16.7% year over year owing to lower pricing in the company’s ocean and truckload services.Operating expenses declined 15.4% year over year to $511.2 million.Adjusted gross profits fell 19.5% year over year to $618.6 million, owing to lower adjusted gross profit per transaction in truckload. Adjusted operating margin fell 400 basis points to 17.4%.Segmental ResultsNorth American Surface Transportation’s total revenues were $3.00billion (down 15.8% year over year) in the fourth quarter owing to lower truckload pricing. The actual figure was lower than our estimate of $3.10 billion. Adjusted gross profit of the segment declined 24.3% to $380.15 million.Total revenues from Global Forwarding fell 30% to $708.81 million, owing to lower pricing in CHRW’s ocean service. The actual figure was lower than our estimate of $729.1 million. Adjusted gross profit of the segment fell 14% year over year to $162.32millionRevenues from other sources (Robinson Fresh, Managed Services and Other Surface Transportation) increased 4.5% to $512.42 million. The actual figure was lower than our estimate of $536.5 million.Below we present the division of adjusted profit among the service lines (on an enterprise basis).Transportation: The unit (comprising Truckload, LTL, Ocean, Air, Customs and Other logistics services) delivered an adjusted gross profit of $590.98million in the quarter under consideration, down 20.3% from the prior-year figure.Story continuesAdjusted gross profits of Truckload, LTL, Ocean, Air, Customs and Other logistics services declined 29.7%, 8.6%,17.5%, 11.9%, 3.1% and 13.8% year over year, respectively.Balance-Sheet DataCHRW exited the fourth quarter with cash and cash equivalents of $145.52 million compared with $174.73 million at the end of prior quarter. Long-term debt was $1.42 billion compared with $920.72 million at the end of prior quarter.CHRW generated $47.3 million of cash from operations in the fourth quarter. Capital expenditures were $16.1 million in the reported quarter.In the fourth quarter of 2023, CHRW returned $74.1 million of cash to shareholders which includes $72.6 million in the form of dividend payments and $1.5 million in the form of share repurchases.2024 OutlookCapital expenditures for 2024 are anticipated between $85 million and $95 million. Sourcing: Net revenue at the segment increased 3.9% year over year to $30.41 million.LiquiditySourcing: Net revenue at the segment increased 3.9% year over year to $30.41 million.LiquidityBelow we give a historical presentation of results on an enterprise basis.Transportation: The unit (comprising Truckload, Intermodal, Less-than-Truckload, Ocean, Air, Customs and Other logistics services) reported net revenue of $538.1 million in the first quarter of 2017, up 0.8% from the year-ago quarter.Below we give a historical presentation of results on an enterprise basis.Transportation: The unit (comprising Truckload, Intermodal, Less-than-Truckload, Ocean, Air, Customs and Other logistics services) reported net revenue of $538.1 million in the first quarter of 2017, up 0.8% from the year-ago quarter.Below we give a historical presentation of results on an enterprise basis.Transportation: The unit (comprising Truckload, Intermodal, Less-than-Truckload, Ocean, Air, Customs and Other logistics services) reported net revenue of $538.1 million in the first quarter of 2017, up 0.8% from the year-ago quarter.How Have Estimates Been Moving Since Then?It turns out, fresh estimates have trended downward during the past month.The consensus estimate has shifted -22.69% due to these changes.VGM ScoresAt this time, C.H. Robinson has a strong Growth Score of A, though it is lagging a lot on the Momentum Score front with an F. Charting a somewhat similar path, the stock was allocated a grade of D on the value side, putting it in the bottom 40% for this investment strategy.Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. It's no surprise C.H. Robinson has a Zacks Rank #5 (Strong Sell). We expect a below average return from the stock in the next few months.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 reportC.H. Robinson Worldwide, Inc. (CHRW) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

C.H. Robinson (CHRW) Up 0.8% Since Last Earnings Report: Can It Continue?

https://finance.yahoo.com/news/c-h-robinson-chrw-0-163043558.html

69848218-2522-35b8-9870-263cf3ab6d5e

CHRW

Industrial parks across Mexico expect to receive 453 new companies by mid-2025, according to a recent study. (Photo: Jim Allen/FreightWaves)Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Nearshoring boom bringing more production closer to US; Mexican and US officials sign agreement to expand international bridge; Old Dominion Freight Line receives approval for new terminal near Phoenix; and construction begins for 785,000-square-foot logistics park in Houston.Nearshoring boom bringing more production closer to USMexico registered a record $36 billion in foreign direct investment last year, a 2% year-over-year increase compared to 2022, according to data from the country’s Economy Ministry.Nearshoring — the relocation of production and manufacturing operations from one country to another to be closer to end consumers — has been fueling manufacturing growth across Mexico as shippers look for supply chains that are closer, cheaper and more favorable to doing business with the U.S.Mike Burkhart, C.H. Robinson’s vice president of North America surface transportation, said he is already seeing the results of the nearshoring of supply chains to Mexico.“We’re transitioning to a new era now, where we can say the nearshoring boom has officially arrived,” Burkhart said. “The beauty of this is that more is on the way, we still expect this trend to play out more fully over the next five years.”In September, brokerage giant C.H. Robinson opened a 400,000-square-foot cross-border facility in Laredo, Texas. The complex includes 154 dock doors and room for 700 trailers, while expanding the company’s footprint along the U.S.-Mexico border to 1.5 million square feet of logistics space.“Last year, Mexico set a record with foreign direct investment, it was about 24% over 2020 and it marked the first time in two decades that the U.S. bought more goods from Mexico than China,” Burkhart said. “U.S. imports from Mexico are up, while imports from China actually dropped 20%.”Georg Roesch, vice president of direct procurement strategy at JAGGAER, said shippers are always looking for stable, reliable and cost effective supply chains.Story continuesJAGGAER is a cloud-based procurement technology company. The firm is headquartered in Morrisville, North Carolina, and has offices around the world.“I would say right now, there is a good and bad in the global supply chain at the same time,” Roesch told FreightWaves. “What we’re seeing is companies learning from situations that we had, such as when COVID totally hit us, companies were like, ‘Oh my God, nothing is working anymore.’ So companies learn from that, and they build up resilience.”Roesch said while shippers were recovering and learning from their experiences during the pandemic, other global incidents and conflicts began to disrupt supply chains over the last two years.“There’s a lot going on and the longer these situations last, the harder it will get to circumvent them, the [Houthi attacks on merchant ships] in the Red Sea is one of these examples,” Roesch said. “The longer it drags on, the more problematic it gets for various different reasons, because freight takes longer, it has higher carbon emissions associated with it. So there’s a lot of different things that are impacted by this. Generally, I would say I’m still positive that we’ve learned from our mistakes that we made pre-COVID.”Another sign that nearshoring is growing in Mexico is that the country’s industrial parks expect to receive 453 new companies by mid-2025, 20% of which are from firms based in China, according to a study from BBVA Research and the Mexican Association of Private Industrial Parks.Roesch said JAGGAER is seeing shippers looking for supply chains outside of China and other Asian countries, but are not completely abandoning China.“I see a spike in companies trying to find new sources, companies are actively trying to find different suppliers,” Roesch said. “It’s not that companies don’t look into China anymore, they still do, they are still trying to find suppliers in China, but the number is stagnant. We are seeing an uptick in other regions and other areas as supply chains shift. This is the nearshoring and friendshoring and all of these types of efforts. Resilience doesn’t mean risk avoidance, it means to be able to cope with the risks that are out there.”C.H. Robinson has helped manufacturers physically move entire production lines from Asia and Europe to Mexico, Burkhart said.Burkhart also said that 2024 may be the first year ocean container volumes also shift due to nearshoring, as more companies bring in machinery, equipment, parts and raw materials to get operations running in Mexico.“It’s not just Asian or overseas companies that we’re seeing, we’re still seeing huge expansion with U.S. companies that are expanding in Mexico because of the United-States-Mexico-Canada-Agreement providing stability and cost savings through 2046,” Burkhart said. “We have customers, especially in the automotive sector, that treat the whole continent as one integrated supply chain. We move a lot between Canada and Mexico, and that seems to be growing as well. So whether it’s intermodal, whether it’s truckload, whether it’s consolidation, whether it’s less-than-truckload, we’re seeing much more intercontinental movements.”US, Mexican officials sign agreement to expand international bridgeThe mayor of Laredo, Texas, and the governor of the Mexican state of Nuevo Leon recently signed an agreement to expand the Colombia Solidarity International Bridge in Laredo.The agreement between Laredo Mayor Victor Trevino and Nuevo Leon Gov. Samuel aims to increase the bridge from eight lanes to 16 lanes. The bridge is a key border truck crossing that connects the state of Nuevo Leon with Laredo. The agreement was signed March 1.However, the plan to expand the Colombia Solidarity International Bridge must still receive a U.S. presidential permit.Old Dominion receives approval for new terminal near PhoenixOld Dominion Freight Line Inc. has received final approval for its plans to develop a new freight terminal in Buckeye, Arizona, a suburb of Phoenix.The facility will be located on 72-acres and include 200 truck dock doors with parking for tractor-trailers and employees. The new terminal will be its fifth in Arizona.The North Carolina-based less-than-truckload carrier anticipates that the terminal will create up to 350 jobs in Buckeye with an average median annual salary of $80,000. Construction on the terminal is scheduled to begin by the end of the year.Construction begins for 785,000-square-foot logistics park in HoustonHouston-based Lovett Industrial and PCCP LLC announced the construction of Stafford Logistics Park, which will encompass two class A industrial buildings, totaling 785,000-square-feet, according to a news release.Stafford Logistics Park will be located on 38-acres and feature a 520,000-square-foot cross-dock warehouse and a 265,000-square-foot front-load warehouse. The buildings will also feature 36-foot and 32-foot clearance heights for tractor-trailers, and will be able to accommodate 190 trailer parking spaces.Lovett Industrial is a real estate investment firm. PCCP LLC is a national commercial real estate investment firm. The companies did not provide a timeline for the project’s completion.More articles by Noi MahoneyTexas-based customs broker expands cross-border footprintShifting supply chains boost trade in California-Baja mega-regionMass furloughs reported at BNSF Railway operations in 4 statesThe post Borderlands Mexico: Nearshoring boom brings more production closer to US appeared first on FreightWaves.

FreightWaves

Borderlands Mexico: Nearshoring boom brings more production closer to US

https://finance.yahoo.com/news/borderlands-mexico-nearshoring-boom-brings-110000261.html

58321520-63f4-3a5b-87e1-cc6d8395e306

CHTR

Telecom company Charter Communications (CHTR) — its services branded as Spectrum — is reportedly exploring a takeover of cable provider Altice USA (ATUS), according to Bloomberg. Yahoo Finance Live discusses the outlook of a potential deal between the two companies.For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.Editor's note: This article was written by Luke Carberry Mogan.Video Transcript[AUDIO LOGO]JULIE HYMAN: Charter Communications is reportedly exploring a takeover of Altice USA. That's according to Bloomberg. It's unclear whether an offer has actually been made, and Charter could decide not to pursue a transaction. According to this report here-- Altice, remember, was part of the European telecom company and then spun out of it in 2018. It has about 5 million residential and business customers over 21 states. So we'll see if something has been happening here. I mean, it's been a tough business for a lot of the cable providers.JOSH LIPTON: Yeah, Bloomberg's saying in this report, it's actually unclear whether a formal approach has actually been made as yet. And obviously, Charter could decide not to pursue something. It doesn't sound like the companies are talking either way right now. They do certainly have some things in common. Both are dealing with obviously wireless competition. Both also saddled with really plunging share prices here. Charter is down about 20% over the past year. Altice is down about 50%. But you know, Patrick Drahi has made it clear-- Altice is up for sale, and bidders are welcome. So we'll see how it was.JULIE HYMAN: By the way, in addition to that big drop in the share price, Altice USA also has about $25 billion in debt.JOSH LIPTON: Yup.JULIE HYMAN: So that's something that Charter obviously would have to consider.

Yahoo Finance Video

Charter reportedly exploring Altice USA acquisition: BBG

https://finance.yahoo.com/video/charter-reportedly-exploring-altice-usa-210514457.html

57fd14eb-f7e6-3423-9050-00ec45eb4131

CHTR

(Bloomberg) -- Charter Communications Inc. is exploring a takeover of smaller cable provider Altice USA Inc., according to people with knowledge of the matter.Most Read from BloombergBYD’s New $233,450 EV Supercar to Rival Ferrari, LamborghiniStock Rally Stalls at Start of Data-Packed Week: Markets WrapFreddie Mercury’s London Residence Lists at £30 MillionJacob Rothschild, Financier and Philanthropist, Dies at 87A Spike in Heart Disease Deaths Since Covid Is Puzzling ScientistsAltice USA’s stock soared on the news, gaining as much as 63% for the biggest jump since its spinoff of in 2018. Shares of Altice USA, which has more than $25 billion in debt, closed up 36% to $2.49 Monday in New York, giving the company a market value of about $1.14 billion.Charter is working with financial advisers as it studies the merits of a potential deal for the US broadband and video services provider, the people said, asking not to be identified discussing confidential information.It’s unclear whether a formal approach has been made and Charter could decide not to pursue a transaction, the people said.Representatives for Charter and Altice USA declined to comment.Altice USA, spun out of Europe’s Altice NV in 2018, is one of the largest broadband and video services providers in the US, serving almost 5 million residential and business customers across 21 states, according to its website.Charter has been losing broadband customers amid an onslaught by wireless providers. Charter and other cable providers are struggling as customers flee traditional TV packages and head toward streaming fare, and mobile phone providers mount stiff competition with wireless broadband offerings.Share PlungeCharter’s shares also have taken a beating and are now down 22% in the past year. Its shares sunk as much as 3.8% Monday before closing down 2.3% to $292.64, giving it a market value of about $50 billion.Shares of Altice USA had plunged 53% in the past year before Monday. Even with Monday’s gains, the stock is worth less than 7% of what it was valued at in 2020 at its peak.Story continuesCharter’s deliberations come as billionaire Patrick Drahi has made clear that every part of his Altice empire — the telecommunications and media giant he cobbled together over 30 years — is up for sale. Rising interest rates and financing costs have challenged his business model, which is built on debt-fueled acquisitions that put his group among Europe’s most leveraged companies.Read More: Billionaire Drahi Cornered by Debt Mountain, Corruption ScandalTo make matters worse, Altice is the target of a corruption probe in Portugal involving Drahi’s innermost circle. Altice USA’s own chief procurement officer, Yossi Benchetrit, was fired in August after he refused to engage with the company’s investigation into the corruption allegations. The company said in November that its internal probe was “substantially complete” and wasn’t expected to have a material financial impact on the US business.--With assistance from Todd Shields.(Updates with closing share price in second paragraph.)Most Read from Bloomberg BusinessweekElon Musk’s Vegas Tunnel Project Has Been Racking Up Safety ViolationsThe High Cost of Eating Out in AmericaTranscript: Did Musk Buy Twitter to Keep His Movements Secret?Why Elon Musk Bought Twitter in the First PlaceCan the Masters of Hipster Cringe Conquer Hollywood With Wall Street Cash?©2024 Bloomberg L.P.

Bloomberg

Charter Communications Weighs Takeover of Altice USA

https://finance.yahoo.com/news/charter-communications-weighs-takeover-altice-214859932.html

3b307d68-0801-3c5f-a418-3de2de8ac988

CHTR

In this article, we will take a look at the 15 worst performing stocks in S&P 500. To skip our analysis of the recent trends and market activity, you can go directly to see the 5 Worst Performing Stocks in S&P 500.The S&P 500 Index was up nearly 6.9% year-to-date, as of February 26, and continues its rally that started in late October. The rally was supported by investor optimism about potential interest rate cuts in 2024 as the Federal Reserve’s battle to control inflation seems to be bearing fruit. Recently, Goldman Sachs lifted its S&P 500 index year-end target to 5200 which represents further 4% growth for the Index based on current levels. Goldman Sachs has raised its forecast from 4700 which was announced in its 2024 Outlook report in December.Goldman Sachs is forecasting an 8% profit increase for the companies in the S&P 500 index, led by strong mega-cap profit margins and improved macroeconomic outlook in the country. David Kostin, lead strategist at Goldman Sachs, expects the earnings strength of mega-cap stocks, especially those in the Magnificent 7, boosting aggregate S&P 500 profits in 2024. Kostin believes that strong global GDP and a “slightly weaker” dollar will lead to positive EPS.Wall Street added several consecutive weeks of market recovery since the last few days of October. The “Magnificent Seven”, which includes Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia and Tesla, have played a significant role in this bull run. These stocks benefitted heavily from the significant breakthroughs in generative artificial intelligence. For instance, GPU-maker NVIDIA Corporation (NASDAQ:NVDA) is up more than 430% since the beginning of 2023 and nearly 63% year-to-date, fueled by exponential growth in its revenue.Our list of 15 worst performing stocks in S&P 500 includes companies from sectors that have been severely impacted by the recent adversity in the stock markets. The list includes companies from nine different sectors with a notable absence – the technology sector. In addition to suffering from macroeconomic and industry-wide market adversity, the stocks on our list of 15 worst performing stocks in S&P 500 have suffered from individual negative catalysts as well. For instance, Archer Daniels Midland Company (NYSE:ADM), the second worst performing stock in S&P 500 year-to-date, is reeling from an accounting scandal as it put its CFO on an administrative leave in late January which saw its stock plummet 24% in a single day.Story continuesTo recap, the Federal Reserve rapidly increased the interest rates beginning from near zero before March 2022 to the current 5.25%-5.50% range, the highest benchmark rate in the country in 22 years. This led to the failure of several banks in the United States, including the collapse of Silicon Valley Bank with $209 billion assets, and Signature Bank with $110 billion assets, in March, and First Republic Bank with $229 billion assets in May 2023.https://www.insidermonkey.com/blog/5-best-performing-stocks-in-the-last-12-months-1184205/Image by Gerd Altmann from PixabayMethodologyTo create our list of 15 worst performing stocks in S&P 500, we first ranked the S&P 500 stocks based on their year-to-date performance. The stocks in this article have been ranked based on their year-to-date performance, with the worst performing stock ranked the highest. We have also provided hedge fund sentiment data for these stocks for reference.Data from around 900 elite hedge funds tracked by Insider Monkey in the third quarter of 2023 was used to identify the number of hedge funds that hold stakes in each firm. Hedge funds’ top 10 consensus stock picks outperformed the S&P 500 Index by more than 140 percentage points over the last 10 years (see the details here). That’s why we pay very close attention to this often-ignored indicator.15. Walgreens Boots Alliance, Inc. (NASDAQ:WBA)YTD Performance as of February 23: -16.78%Number of Hedge Fund Holders: 31Deerfield, Illinois-based Walgreens Boots Alliance, Inc. (NASDAQ:WBA) is an integrated healthcare, pharmacy, and retail leader with more than 12,500 locations across the U.S., Europe, and Latin America. Its portfolio of consumer brands includes Walgreens, Boots, Duane Reade, the No7 Beauty Company, and Benavides in Mexico.On February 7, Walgreens Boots Alliance, Inc. (NASDAQ:WBA) announced that it has sold shares of Cencora, Inc. (NYSE:COR) for proceeds of $942 million. The transaction reduces the company’s ownership of Cencora, Inc. (NYSE:COR) common stock from 15% to nearly 13%. The company intends to use the proceeds for debt paydown and general corporate purposes.Earlier on January 4, Walgreens Boots Alliance, Inc. (NASDAQ:WBA) announced a 48% reduction in its quarterly dividend payment to $0.25 per share. The company, and its predecessor company, Walgreen Co., have paid a dividend in 365 straight quarters (91 years).14. The AES Corporation (NYSE:AES)YTD Performance as of February 23: -16.88%Number of Hedge Fund Holders: 35Arlington, Virginia-based The AES Corporation (NYSE:AES) is a leading global energy company providing green and smart energy solutions. It owned and/or operated a generation portfolio of nearly 33.2 GW as of November 2023.On January 18, The AES Corporation (NYSE:AES) announced the completion of 3.5 GW of renewables projects in 2023, nearly doubling the capacity constructed compared to 2022. The projects completed in 2023 included 1.6 GW solar, 1.3 GW wind and 0.6 GW energy storage projects.On February 26, the Board of Directors of The AES Corporation (NYSE:AES) declared a quarterly common stock dividend of $0.1725 per share which translates to an annualized dividend yield of 4.31%, based on the latest share price.13. FMC Corporation (NYSE:FMC)YTD Performance as of February 23: -16.92%Number of Hedge Fund Holders: 31Philadelphia, Pennsylvania-based FMC Corporation (NYSE:FMC) is a global agricultural sciences company providing products and solutions across biologicals, crop nutrition, digital and precision agriculture. It employs nearly 6,600 personnel at more than 100 sites worldwide.On February 5, FMC Corporation (NYSE:FMC) released its financial results for Q4 2023. It generated a revenue of $1.15 billion and a net income of $1.1 billion which translates to a normalized EPS of $1.07.FMC Corporation (NYSE:FMC) currently pays a regular quarterly dividend of $0.58 per share which represents a dividend yield of 4.50% based on the latest share price, the third highest on our list of 15 worst performing stocks in S&P 500.12. First Solar, Inc. (NASDAQ:FSLR)YTD Performance as of February 23: -17.06%Number of Hedge Fund Holders: 47Tempe, Arizona-based First Solar, Inc. (NASDAQ:FSLR) is a leading American solar technology company and global provider of eco-efficient solar modules. Its thin film photovoltaic (PV) modules provide a competitive, high-performance, lower-carbon alternative to conventional crystalline silicon PV panels.On January 11, First Solar, Inc. (NASDAQ:FSLR) inaugurated its new facility in Tamil Nadu, India, the country’s first fully vertically integrated solar manufacturing plant. The facility has an annual nameplate capacity of 3.3 GW and marks the company’s sixth operational factory.On February 14, RBC Capital analyst Chris Dendrinos initiated coverage of First Solar, Inc. (NASDAQ:FSLR) shares with a price target of $195 and an ‘Outperform’ rating for its shares.11. Carnival Corporation (NYSE:CCL)YTD Performance as of February 23: -17.85%Number of Hedge Fund Holders: 41Miami, Florida-based Carnival Corporation (NYSE:CCL) is a global cruise company and one of the largest vacation companies in the world. Its portfolio comprises of nine leading cruise brands including Carnival Cruise Lines, Holland America Line, Princess Cruises, Cunard, AIDA Cruises, and Costa Cruises, among others.On December 21, Carnival Corporation (NYSE:CCL) released the financial results for the quarter ended November 30, 2023. Its revenues increased by 41% y-o-y to $5.4 billion, while it generated a net loss of $48 million compared to a net loss of $1.6 billion. The normalized EPS for the quarter was recorded at -$0.07, beating the consensus by $0.06.As of Q4 2023, Carnival Corporation (NYSE:CCL) shares were held by 41 of the 933 hedge funds tracked by Insider Monkey, with the total hedge fund holdings valued at $1.5 billion. Two Sigma Advisors was the largest hedge fund shareholder with ownership of 16.1 million shares valued at $299 million.Carnival Corporation (NYSE:CCL) and Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) are the only two travel services stocks on our list of 15 worst performing stocks in the S&P 500.10. Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH)YTD Performance as of February 23: -19.31%Number of Hedge Fund Holders: 31Miami, Florida-based Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) is a leading global cruise company that operates the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. Its fleet comprises of 32 ships with more than 65,500 berths providing access to nearly 700 destinations globally.On January 31, Susquehanna analyst Christopher Stathoulopoulos raised the price target for Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) shares from $14 to $20 and maintained a ‘Neutral’ rating for the shares. The target price represents a potential upside of 23.69% based on the latest share price.As of Q4 2023, 31 of the 933 hedge funds tracked by Insider Monkey were long Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH), holding shares worth $397 million. Its largest hedge fund shareholder was John W. Rogers’ Ariel Investments with ownership of 6.3 million shares valued at $126 million.9. Humana Inc. (NYSE:HUM)YTD Performance as of February 23: -20.73%Number of Hedge Fund Holders: 86Based in Louisville, Kentucky, Humana Inc. (NYSE:HUM) is a leading U.S. health insurer and healthcare services company. Operating through two segments, Insurance and CenterWell, the company had nearly 17 million members in its medical benefit plans, as well as nearly 5 million members in its specialty products.On January 25, Humana Inc. (NYSE:HUM) released its financial results for Q4 2023. Its revenue went up by 32% y-o-y to $336 million while it posted a net loss of $540 million. Its normalized EPS of -$0.11 missed consensus estimates by $1.03.As of Q4 2023, 86 hedge funds held Humana Inc. (NYSE:HUM) shares, the highest on our list of 15 worst performing stocks in S&P 500. Ken Griffin’s Citadel Investment Group was the lead hedge fund shareholder with ownership of 1.5 million shares valued at $688 million.8. Tesla, Inc. (NASDAQ:TSLA)YTD Performance as of February 23: -22.74%Number of Hedge Fund Holders: 82Based in Austin, Texas, Tesla, Inc. (NASDAQ:TSLA), designs, develops, manufactures, sell and leases fully electric vehicles and energy generation and storage solutions. Its current portfolio of products includes Model 3 and Model S sedans, Model Y, Model X SUVs, and Cybertruck, while upcoming products include Tesla Roadster and Tesla Semi – a light commercial vehicle.On January 24, Tesla, Inc. (NASDAQ:TSLA) released its financial results for Q4 2023. Its revenue increased by 3% y-o-y to $24.3 billion, while net income surged by 115% y-o-y to $3.7 billion. Its normalized EPS of $0.71 missed consensus estimates by $0.03.Tesla, Inc. (NASDAQ:TSLA) ranks highest on our list of 15 worst performing stocks in S&P 500 based on the value of shares held by hedge funds. As of Q4 2023, 82 hedge funds owned its shares worth $6.3 billion. In its Q4 2023 investor letter, Tsai Capital Corporation, an investment management firm, made the following comments about Tesla, Inc. (NASDAQ:TSLA):“Tesla has significant and underappreciated competitive advantages across multiple verticals including electric vehicles, software and energy storage. Misunderstood by much of Wall Street – and consequently a favorite of short sellers – Tesla continues to grow rapidly and increase its lead over the competition while delighting consumers in the process. [. . .] While we expect competition for EVs to intensify and for Tesla to lose market share over time, we also believe the company will increase production and deliveries from approximately 1.8 million vehicles today to approximately 15 million vehicles in 2030 and further its lead in autonomous driving capability. In fact, we expect Tesla will eventually license its autonomous driving software, creating high-margin (70-80%), recurring licensing revenue. Tesla is also one of only two companies that dominate the energy storage market, which has the potential to grow to several hundred billion in revenue as power plants around the world increase their focus on renewable energy.”7. The Boeing Company (NYSE:BA)YTD Performance as of February 23: -22.95%Number of Hedge Fund Holders: 69Founded in 1916, The Boeing Company (NYSE:BA) is one of the world's largest aerospace companies and a leading provider of commercial airplanes, defense, space and security systems, and global services.On January 31, The Boeing Company (NYSE:BA) released its financial results for Q4 2023. Its revenue increased by 10% y-o-y to $22 billion while net loss shrunk by 95% y-o-y to $30 million. Its normalized EPS of -$0.47 surpassed consensus estimates by $0.32.Following the earnings release, RBC Capital lowered the price target for The Boeing Company (NYSE:BA) shares to $260 from $285 and maintained an ‘Outperform’ rating for its shares.6. Charter Communications, Inc. (NASDAQ:CHTR)YTD Performance as of February 23: -22.96%Number of Hedge Fund Holders: 69Stamford, Connecticut-based Charter Communications, Inc. (NASDAQ:CHTR) is a leading broadband connectivity company and cable operator serving more than 32 million customers in 41 states through its Spectrum brand. It offers a full range of residential and business services including Spectrum Internet®, TV, Mobile and Voice.On February 2, Charter Communications, Inc. (NASDAQ:CHTR) released its financial results for Q4 2023. Its revenue increased by 0.3% y-o-y to $13.7 billion while it generated a net income of $1.1 billion. Its normalized EPS of $7.07 missed consensus estimates by $1.77.As of Q4 2023, Charter Communications, Inc. (NASDAQ:CHTR) shares were owned by 69 of the 933 hedge funds tracked by Insider Monkey, for a total value of $5.3 billion. Harris Associates was the largest shareholder with ownership of 5.2 million shares valued at $2.0 billion. Click to continue reading and see 5 Worst Performing Stocks in S&P 500. Suggested Articles:20 Most Influential Email Newsletters in 202414 Best S&P 500 Dividend Stocks To Invest In 202412 $10 Stocks That Will TripleDisclosure: None. 15 Worst Performing Stocks in S&P 500 is originally published on Insider Monkey.

Insider Monkey

15 Worst Performing Stocks in S&P 500

https://finance.yahoo.com/news/15-worst-performing-stocks-p-081312824.html

da0dc870-7910-3828-b6a1-3e3f1194622e

CHTR

Tesla isn't just 2024's worst performer in the Magnificent Seven, it's the biggest loser in the S&P 500 index vs. standout Nvidia.Continue reading

Investor's Business Daily

Nvidia Has Soared In 2024, But These 8 Stocks Are Far From Magnificent

https://finance.yahoo.com/m/414888cf-2c76-386e-aa0f-d83a78425889/nvidia-has-soared-in-2024-.html

414888cf-2c76-386e-aa0f-d83a78425889

CI

Brookdale Senior Living Inc. BKD shares have declined 13.1% since it reported fourth-quarter 2023 results on Feb 20, 2024. A wider-than-expected loss is likely to have worried investors. Its net income was hurt by an increase in general and administrative expenses, and facility operating lease costs. Nevertheless, the downside was partly offset by improved resident fee revenues, interest income and occupancy rates. Brookdale Senior incurred a fourth-quarter adjusted loss of 40 cents per share, wider than the Zacks Consensus Estimate of a loss of 19 cents per share and the year-ago quarter’s loss of 13 cents per share.Total revenues and other operating income rose 7.7% year over year to $754.5 million on the back of higher resident and management fee revenues.Brookdale Senior Living Inc. Price, Consensus and EPS Surprise Brookdale Senior Living Inc. Price, Consensus and EPS SurpriseBrookdale Senior Living Inc. price-consensus-eps-surprise-chart | Brookdale Senior Living Inc. Quote Q4 Operational UpdateResident fees amounted to $716.6 million in the quarter under review, which advanced 8.9% year over year, attributable to an improved  revenue per occupied unit ("RevPOR") and occupancy rate. However, the upside was partly offset by the divestiture of 20 communities.RevPOR advanced 8.1% year over year on the back of rate increases. Meanwhile, weighted average occupancy improved 130 basis points year over year aided by BKD’s initiatives to restore occupancy levels.Revenue per available unit (“RevPAR”) rose 10% year over year in the fourth quarter.  Management fees of $2.5 million grew 4.7% year over year.Facility operating expenses dipped 0.2% year over year to $530.5 million due to lower natural disaster expenses, lesser use of premium labor and the disposition of 20 communities. This was, however, partly offset by inflationary headwinds and higher occupancy rates that caused a rise in same-community facility operating expenses.General and administrative costs, including certain items, were $41.9 million in the quarter under review. The figure rose 3.7% year over year. Facility operating lease expenses of $52.6 million escalated 28.7% year over year.Story continuesBrookdale Senior’s interest income climbed 39.1% year over year to $5.4 million. It incurred a net loss of $91.2 million, wider than the year-ago quarter’s loss of $25.7 million. The metric suffered a setback due to the recognition of a non-cash gain on the sale of communities in the year-ago quarter, elevated asset impairment expenses and higher income tax provision.Adjusted EBITDA of $85.3 million soared 83.2% year over year in the fourth quarter on the back of improved resident fee revenues.Financial Update (as of Dec 31, 2023)Brookdale Senior exited the fourth quarter with cash and cash equivalents of $278 million, which dropped 30.3% from the 2022-end level. Total assets of $5.6 billion fell 6.1% from the figure at 2022 end.Long-term debt, less of the current portion, was $3.7 billion, down 3.4% from the figure as of Dec 31, 2022. The current portion of long-term debt was $41.5 million.Total equity of $405.2 million plunged 30.6% from the 2022-end figure.BKD generated net cash flow from operations of $29.3 million in the fourth quarter, while $48.6 million was used in operations in the year-ago quarter.There was an adjusted free cash outflow of $21.5 million in the quarter under review, which compares favorably with the $103.6 million outflow recorded in the year-ago quarter.Business UpdateIn December 2023, BKD sold its leftover 20% equity stake in its Health Care Services unconsolidated venture and received proceeds of $27.4 million in return. In the same month, it completed two financing transactions, which were put to use for refinancing the leftover debt maturities of 2024.In November 2023, Brookdale Senior closed the divestiture of a continuing care retirement community and received cash proceeds of $12.7 million, net of transaction costs, at the time of closing.Full-Year UpdateBKD incurred an adjusted loss of 84 cents per share in 2023, narrower than the year-ago quarter’s loss of $1.25 per share.Total revenues and other operating income were $3 billion, which improved 6.7% year over year. Resident fee revenues rose 10.5% year over year in 2023.RevPOR grew 8.6% year over year, while RevPAR increased 11.3% year over year. Weighted average occupancy improved 180 basis points year over year.It incurred a net loss of $189.1 million, narrower than the loss of $238.3 million reported in 2022. Adjusted EBITDA climbed 39.1% year over year to $335.5 million in 2023.1Q24 GuidanceManagement anticipates 6.25-6.75% year-over-year growth in RevPAR, lower than the year-ago quarter’s recorded growth of 12.9%. Adjusted EBITDA is projected to lie within $90 and $95 million, the mid-point of which indicates an improvement of 4.4% from the prior-year quarter’s reported figure.2024 ViewIt estimates non-development capital expenditures, net of anticipated lessor reimbursements, to be roughly $180 million.Zacks RankBrookdale Senior currently has a Zacks Rank #5 (Strong Sell).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Other Medical Sector ReleasesOf the Medical sector players that have reported fourth-quarter 2023 results so far, the bottom-line results of Inspire Medical Systems, Inc. INSP, The Cigna Group CI and Tenet Healthcare Corporation THC beat the respective Zacks Consensus Estimate.Inspire Medical delivered an earnings per share (EPS) of 49 cents in fourth-quarter 2023, up 390% year over year. The metric is in contrast to the Zacks Consensus Estimate of a loss of 4 cents per share. It registered revenues of $192.5 million in the fourth quarter, up 39.6% year over year. The figure beat the consensus estimate by 0.1%. U.S. revenues of $189.4 million reflected an increase of 41% from the year-ago quarter on a reported basis. During the reported quarter, Inspire Medical activated 78 new U.S. centers, thus bringing the total to 1,180 U.S. medical centers providing Inspire therapy.INSP also created 13 new U.S. sales territories in the quarter, bringing the total to 287 U.S. sales territories. Revenues from outside the United States totaled $3.1 million, down 16% year over year on a reported basis. In the fourth quarter, gross profit increased 42.1% to $164.5 million. The gross margin expanded 149 basis points to 85.4%. Operating profit totaled $9.3 million against the year-ago quarter’s operating loss of $0.3 million.Cigna’s fourth-quarter 2023 adjusted EPS of $6.79 beat the Zacks Consensus Estimate by 4.1%. The bottom line improved 36.9% year over year. Adjusted revenues of $51.2 billion advanced 4.8% year over year in the quarter under review. The top line outpaced the consensus mark by 4.8%. CI’s medical customer base was 19.8 million as of Dec 31, 2023, which witnessed a 9.9% year-over-year increase. The adjusted selling, general and administrative expense ratio deteriorated 30 basis points (bps) year over year to 7.9%.The Evernorth Health Services unit generated adjusted revenues of $40.5 billion, which advanced 12% year over year. Adjusted operating income on a pretax basis rose 10% year over year to $1.9 billion in the fourth quarter. The Cigna Healthcare unit’s adjusted revenues climbed 17% year over year to $13 billion. The segment’s MCR improved 160 bps year over year to 82.2% at the fourth-quarter end,Tenet Healthcare reported fourth-quarter 2023 adjusted EPS of $2.68, which beat the Zacks Consensus Estimate by 69.6%. The bottom line jumped 36.7% year over year. Net operating revenues amounted to $5.4 billion, which improved 7.8% year over year in the quarter under review. The top line outpaced the consensus mark by 2.2%. Adjusted net income from continuing operations of $283 million rose 32.9% year over year in the fourth quarter. Adjusted EBITDA of THC increased 12.8% year over year to more than $1 billion.The Hospital Operations and Services segment’s net operating revenues rose 6% year over year to $4.3 billion in the fourth quarter. Adjusted EBITDA rose 11.8% year over year to $548 million in the quarter under review. The Ambulatory Care unit reported net operating revenues of $1.1 billion, which climbed 15.4% year over year in the fourth quarter. Adjusted EBITDA of $464 million advanced 14% year over year in the quarter under review and beat our estimate of $434.1 million.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 reportCigna Group (CI) : Free Stock Analysis ReportTenet Healthcare Corporation (THC) : Free Stock Analysis ReportBrookdale Senior Living Inc. (BKD) : Free Stock Analysis ReportInspire Medical Systems, Inc. (INSP) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Brookdale Senior's (BKD) Q4 Loss Widens, Shares Drop 13%

https://finance.yahoo.com/news/brookdale-seniors-bkd-q4-loss-202700351.html

29a4874d-275c-30c5-bc22-d062468eeec2

CI

In this article, we will take a look at the 15 most luxurious places to retire abroad if you have a budget over $15,000 a month. If you would like to skip our discussion on the important factors to consider while retiring abroad, you can go to the 5 Most Luxurious Places To Retire Abroad if You Have a Budget Over $15,000 a Month.Retiring abroad with a budget of over $15,000 per month can offer a luxurious lifestyle and a range of possibilities across the globe. From the sunny beaches of the Caribbean to the cultural richness of European cities and the serene landscapes of Asia, there are many appealing destinations for high-net-worth individuals to consider. However, careful planning is necessary to ensure a comfortable retirement abroad. Real estate is one of the important factors to consider when relocating. The global real estate market is diverse and offers a wide range of options, from secluded beachfront villas to luxurious high-rise apartments in the city. For affluent retirees, luxury is not just about the property itself but also the location, amenities, and lifestyle it affords. Hence, choosing the right real estate property is important for a comfortable and enjoyable retirement abroad.According to Knight Frank's Wealth Report, prime property prices in Monaco, the world’s most expensive real estate market, can exceed €54,000 per square meter. In contrast, luxury properties in places like Phuket, Thailand, offer more value for money while still providing an extravagant lifestyle, with prime property prices around €2,900 per square meter. Renowned real estate agencies CBRE Group, Inc. (NYSE:CBRE) cater to high-net-worth individuals looking for luxury properties in prime retirement destinations worldwide. An alternative choice is Jones Lang LaSalle Incorporated (NYSE:JLL). JLL is a professional firm that provides services in real estate and investment management. The company operates in over 80 countries and provides services ranging from property investment to management. Jones Lang LaSalle Incorporated (NYSE:JLL) can offer valuable insights for those considering luxury property purchases abroad, not just for residence but as an investment in the local real estate market.Story continuesPrioritizing Quality Healthcare in RetirementQuality healthcare is another important factor to consider for a stress-free and comfortable retirement. The excellence and accessibility of healthcare services are top considerations for retirees. Countries like France, consistently ranking high in the World Health Organization's healthcare system evaluations, are known for providing excellent care. However, beyond healthcare quality, it's essential to consider the accessibility for expatriates as well. International health insurance providers, such as The Cigna Group (NYSE:CI), offer plans specifically designed for expatriates, ensuring comprehensive healthcare coverage worldwide. The Cigna Group (NYSE:CI) offers health, pharmacy, dental, supplemental insurance, and Medicare plans to individuals, families, and businesses. The cost of these plans can vary significantly based on coverage, but for a luxurious level of care, premiums can range from $4,000 to over $8,000 annually.Here's what Davis Funds said about The Cigna Group (NYSE:CI) in its Q3 2023 investor letter:“In the attractive healthcare sector, we look beyond the obvious to identify businesses that simultaneously have exposure to this growth industry and also trade at low prices. We’re especially drawn to companies like Cigna Group, whose products or services play a part in helping to mitigate healthcare’s constantly rising costs. The healthcare industry has been a growing part of the U.S. economy for decades. As a result, many companies in this sector trade at high valuations reflecting their robust but well-known reputation for growth. For value-conscious investors like us, investing in healthcare requires looking beyond the obvious to identify businesses that have exposure to this growth industry but which trade at low prices. Furthermore, recognizing that the constantly rising cost of healthcare cannot go on forever, we have been particularly drawn to companies whose products or services play some role in managing or reducing the cost of care. As a result, we have positions in Cigna Group, a well-regarded provider of managed care.In addition to real estate and healthcare, it's also important to consider factors such as the cultural and social richness of the best expat retirement countries. A lively expatriate community can provide a sense of belonging and ease the transition into a new country. For example, Spain boasts a rich history and a diverse culture, along with a warm climate, making it a popular choice for retirement among British expatriates. Spain is home to one of the largest British expatriate communities in the world, with over 300,000 UK citizens living there.Alternatively, Malaysia's My Second Home (MM2H) program has attracted over 40,000 expatriates since its inception, thanks to the country's multicultural environment, low cost of living, and high-quality healthcare. Meanwhile, countries like Monaco are known for their favorable tax regime and zero income taxes for residents, making them financially viable for retirement despite high costs. You can also check out the 20 Best Cities to Retire on $10,000 a Month Anywhere in the World here.15 Most Luxurious Places To Retire Abroad if You Have a Budget Over $15,000 a MonthAn elderly couple smiling as they review their retirement accounts, representing the trust that clients have in the bank.Our MethodologyTo shortlist the 15 most luxurious places to retire abroad with a budget of over $15,000 per month, we consulted various sources like GoBankingRates, International Living, Cato Institute, and Living Cost. Our selection process involved evaluating the cost-of-living index, quality-of-life scores, health standards, and freedom rankings to select countries offering an exceptional quality of life. The freedom ranking is based on a country's economic, social, and political freedoms. We utilized Cato for the 2023 human freedom index data, International Living and Living Cost for the quality of life scores, and the per-person monthly cost-of-living data. We assigned an equal weightage to each factor to derive a unique Insider Monkey score for each country. The top 15 retirement destinations suitable for a $15,000 budget have been ranked in ascending order of their scores. We have also shared information regarding the most luxurious cities or neighborhoods within these countries.By the way, Insider Monkey is an investing website that tracks the movements of corporate insiders and hedge funds. By using a consensus approach, we identify the best stock picks of more than 900 hedge funds investing in US stocks. The top 10 consensus stock picks of hedge funds outperformed the S&P 500 Index by more than 140 percentage points over the last 10 years (see the details here). Whether you are a beginner investor or a professional one looking for the best stocks to buy, you can benefit from the wisdom of hedge funds and corporate insiders.15 Most Luxurious Places To Retire Abroad if You Have a Budget Over $15,000 a Month15. South KoreaInsider Monkey Score: 76 Most Luxurious Place to Live: Gangnam District, SeoulMonthly Cost of Living = $1140Quality of Life = 87South Korea is known for its modern and technologically advanced urban lifestyle. It offers exceptional healthcare services and has a well-developed infrastructure. South Korea ranks 28th on the human freedom index. Seoul holds the title of the priciest city in South Korea. The average cost of an apartment in Seoul was approximately 12.6 million won as of November 2023, which is three times higher than the national average. Gangnam, situated within Seoul, is one of the most luxurious districts in the country, offering residents a wide range of facilities.14. GermanyInsider Monkey Score: 77 Most Luxurious Place to Live: MunichMonthly Cost of Living = $1578Quality of Life = 92Germany is a good option for retirees due to its decent cost of living, efficient public services, and high-quality healthcare. The country ranks 21st on Cato's human freedom index, making it an attractive destination for those who value personal freedom. Urban cities like Munich are known to offer the most luxurious lifestyle and a vibrant cultural scene for those with a plush budget.13. JapanInsider Monkey Score: 77.5 Most Luxurious Place to Live: Minato Ward, TokyoMonthly Cost of Living = $1,105Quality of Life = 91Retiring in Japan can be a great option due to its unique blend of ancient tradition and modern amenities. Japan has a high quality of life score of 91 out of 100, and its monthly cost of living for one person is around $1,105, making it a good choice for retirement abroad. Additionally, the country's rich culture offers many opportunities for expats to explore and enjoy during their retirement. Minato Ward is known as Tokyo's most luxurious residential district. A significant number of Japan's wealthiest individuals, such as Masayoshi Son, SoftBank's CEO, and Tadashi Yanai, Fast Retailing's founder, live here.12. CanadaInsider Monkey Score: 78 Most Luxurious Place to Live: Bridle Path, TorontoMonthly Cost of Living = $2,062Quality of Life = 91Canada has a strong economy and is a popular choice for retirement. It ranks 13th on the human freedom index. Its proximity to the US makes it easy for expats to keep in touch. Canada has a lot to offer, from natural landscapes to modern cities. Furthermore, the quality of life is high, and healthcare is top-notch, making the country secure the 12th position on our list of the most luxurious places to retire abroad if you have a budget over $15,000 a month. The Bridle Path, located in Ontario, is a residential neighborhood recognized for its expansive multimillion-dollar mansions and affluent lifestyles.11. FinlandInsider Monkey Score: 79 Most Luxurious Place to Live: HelsinkiMonthly Cost of Living = $1529Quality of Life = 91Finland is a great place to retire, thanks to its high happiness index and beautiful natural scenery. Helsinki is considered amongst the most luxurious places in the country, offering an exceptional quality of life with excellent public services and safety. With a 9th place ranking on the freedom index, Finland offers many benefits, especially if you're looking for a luxurious retirement experience.10. New ZealandInsider Monkey Score: 80 Most Luxurious Place to Live: Bay of PlentyMonthly Cost of Living = $2010Quality of Life = 89New Zealand is at the tenth position on our list of the most luxurious places to retire abroad if you have a budget over $15,000 a month. The country is known for its beautiful scenery and welcoming people. Maintaining strong finances in the country is advisable, given the monthly cost of living, which is around $2010. The Bay of Plenty region is one of the most luxurious places to live in the country. The rental prices in the Bay of Plenty have experienced an 11.7% increase compared to the previous year.9. AustraliaInsider Monkey Score: 81.5 Most Luxurious Place to Live: The Rose by Moran, WahroongaMonthly Cost of Living = $2305Quality of Life = 94Australia is another good option for retirees, offering a diverse range of experiences from vibrant cities like Sydney to peaceful natural landscapes. While the cost of living is generally high, particularly in prime locations, residents benefit from high-quality healthcare services and an overall high standard of living. The Rose by Moran in Wahroonga comprises 33 premium residences with two and three bedrooms. This development offers many communal amenities, such as a concierge service, library, club room, music room, spa, cinema, gym, and wine cellar.8. NetherlandsInsider Monkey Score: 82 Most Luxurious Place to Live: Vogelwijk, HagueMonthly Cost of Living = $1920Quality of Life = 93The Netherlands is a great place for retirees due to its inclusive and open-minded culture. While the Netherlands may be on the pricier side, the country's healthcare system and public facilities are praiseworthy. The country ranks 11th on the freedom index and has a quality-of-life score of 93 out of 100. Vogelwijk is amongst the most affluent neighborhoods in the country, offering spacious homes and communal facilities.7. IcelandInsider Monkey Score: 83 Most Luxurious Place to Live: GarðabærMonthly Cost of Living = $2525Quality of Life = 92Iceland is a beautiful and safe country that offers a peaceful environment for anyone looking to get away from the hustle and bustle of everyday life. While cities like Reykjavik may come with a higher price tag, the quality of life in Iceland is exceptional, with excellent healthcare and public services. Garðabær is situated within the capital region of Iceland. It is known for its lavish homes and is the residence of some of the wealthiest individuals in Iceland.6. SwedenInsider Monkey Score: 86 Most Luxurious Place to Live: StockholmMonthly Cost of Living = $1544Quality of Life = 92Sweden is among the top ten countries with the highest quality of life and ranks 6th on the freedom index. The country is an attractive option for retirees due to its inclusive society, beautiful landscapes, and high standard of living. Stockholm, the multicultural capital city of Sweden, stands out as one of the ideal retirement destinations for expats.Click to continue reading and see the 5 Most Luxurious Places To Retire Abroad if You Have a Budget Over $15,000 a Month.Suggested Articles:20 Richest People in Africa in 2024Top 10 Uranium Producing Companies In The World12 Best Rising Penny Stocks To BuyDisclosure: None. 15 Most Luxurious Places To Retire Abroad if You Have a Budget Over $15,000 a Month is published on Insider Monkey.

Insider Monkey

15 Most Luxurious Places To Retire Abroad if You Have a Budget Over $15,000 a Month

https://finance.yahoo.com/news/15-most-luxurious-places-retire-203725575.html

f1130d55-0e28-3b2b-87b9-569f988fdc76

CI

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.Why Investors Should Pay Attention to This Value StockValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, and Price/Cash Flow, the Value Style Score identifies the most attractive and most discounted stocks.Cigna (CI)Headquartered in Bloomfield, CT and formed in 1982, Cigna Corporation has rebranded itself as The Cigna Group. The company was formed as a result of a merger between Connecticut General Life Insurance Company and Insurance Company of North America. Cigna completed its combination with Express Scripts Holding Company by 2018-end. Shares of the new combined company trade on the NYSE under the stock ticker symbol “CI.”CI boasts a Value Style Score of A and VGM Score of B, and holds a Zacks Rank #2 (Buy) rating. Shares of Cigna are trading at a forward earnings multiple of 12.1X, as well as a PEG Ratio of 1.1, a Price/Cash Flow ratio of 9.5X, and a Price/Sales ratio of 0.5X.A company's earnings performance is important for value investors as well. For fiscal 2024, 11 analysts revised their earnings estimate higher in the last 60 days for CI, while the Zacks Consensus Estimate has increased $0.09 to $28.34 per share. CI also holds an average earnings surprise of 2.9%.Investors should take the time to consider CI for their portfolios due to its solid Zacks Ranks, notable earnings and valuation metrics, and impressive Value and VGM Style Scores.Story continuesWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportCigna Group (CI) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Are You a Value Investor? This 1 Stock Could Be the Perfect Pick

https://finance.yahoo.com/news/value-investor-1-stock-could-134011852.html

49bfa21b-a014-3a6a-830c-00ccbb625bee

CI

The Joint Corp. JYNT shares have jumped 30% since it reported fourth-quarter 2023 financial results. The strong quarterly results were primarily due to continued organic growth and an increased number of clinics, partially offset by higher expenses.In the quarter under review, it witnessed an adjusted earnings per share of 7 cents, beating the Zacks Consensus Estimate of 3 cents. The bottom line also improved from adjusted earnings of 4 cents per share a year ago.Revenues of The Joint amounted to $30.6 million, which increased 10.6% year over year. The top line beat the consensus mark by 3.3%.The Joint Corp. Price, Consensus and EPS SurpriseThe Joint Corp. Price, Consensus and EPS SurpriseThe Joint Corp. price-consensus-eps-surprise-chart | The Joint Corp. Quote2023 ResultsFor the full year, revenues of $117.7 million rose 16% year over year. Patient visits rose to 13.6 million from 12.2 million in 2022. It reported an operating loss of $2.1 million against operating income of $0.8 million in 2022. However, adjusted earnings per share of 16 cents doubled from 8 cents a year ago.2024 GuidanceThe company expects 2024 system-wide sales to be within $530-$545 million, up from $488 million in 2023. It expects to open 60-75 franchised clinics in 2024 compared with 104 opened last year.4Q PerformanceRevenues from company-owned or managed clinics increased 8.6% year over year to $17.9 million. Royalty fees garnered $8 million in the fourth quarter, up 11.3% from a year ago. Advertising fund revenues rose 11.7% from a year ago to $2.3 million. Software fees jumped 19.2% year over year to $1.3 million. Also, franchise fees increased 49.3% from a year ago to $0.7 million.Total cost of revenues rose 16.5% year over year to $2.9 million in the fourth quarter due to increased regional developer royalties and commissions. General and administrative expenses jumped 16.2% from a year ago to $21.3 million due to higher costs to support clinic growth and increased payroll to stay competitive in the tight labor market. As such, total SG&A costs jumped 11.3% to $26.4 million.Story continuesThe Joint reported a net loss of $11 million in the quarter under review against net income of $0.8 million a year ago due to higher impairment charges from its refranchising efforts and increased income tax expense.System-wide sales jumped 11% in the quarter to $133.1 million. By 2023-end, the company increased the total clinic count to 935, which was below the Zacks Consensus Estimate of 948. The number of franchised clinics grew to 800, which was lower than the consensus mark of 812. Company-owned or managed clinics were at 135, missing the consensus estimate of 136.Adjusted EBITDA of $4 million in the fourth quarter remained stable compared with the year-ago period.Financial Update (as of Dec 31, 2023)JYNT exited the fourth quarter with cash and cash equivalents of $18.2 million, which jumped from $9.7 million at 2022-end. Total assets of $87.2 million decreased from $93.5 at 2022-end.Debt under the credit agreement remained flat at $2 million from 2022-end.Total equity of $24.8 million fell from $32.6 million at 2022-end.In 2023, the operating cash flow of $14.7 million improved from $8.2 million a year ago.Zacks Rank & Key PicksThe Joint currently has a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Medical space are Universal Health Services, Inc. UHS, The Cigna Group CI and Health Catalyst, Inc. HCAT, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.The Zacks Consensus Estimate for Universal Health Services’ 2024 bottom line suggests 19.9% year-over-year growth. UHS has witnessed three upward estimate revisions over the past 30 days against one movement in the opposite direction. It beat earnings estimates in all the last four quarters, with an average surprise of 5.9%.The Zacks Consensus Estimate for Cigna’s full-year 2024 earnings indicates a 13% year-over-year increase. CI beat earnings estimates in each of the past four quarters, with an average surprise of 2.9%. The consensus mark for revenues predicts 20.4% growth from the year-ago period.The Zacks Consensus Estimate for Health Catalyst’s 2024 full-year earnings implies a 93.3% increase from the year-ago reported figure. HCAT beat earnings estimates in each of the last four quarters, with an average surprise of 247.9%. The consensus mark for its current-year revenues is pegged at $308 million, which calls for a 4.1% year-over-year increase.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 reportUniversal Health Services, Inc. (UHS) : Free Stock Analysis ReportCigna Group (CI) : Free Stock Analysis ReportThe Joint Corp. (JYNT) : Free Stock Analysis ReportHealth Catalyst, Inc. (HCAT) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

The Joint (JYNT) Rises 30% as Q4 Earnings Beat on Higher Clinics

https://finance.yahoo.com/news/joint-jynt-rises-30-q4-150900842.html

659e3d74-35fe-3bd9-81b8-220196dedbf7

CINF

Corebridge Financial, Inc. CRBG reported fourth-quarter 2023 adjusted operating earnings per share of $1.04, which outpaced the Zacks Consensus Estimate by 5.1%. The bottom line improved 12% year over year.Adjusted revenues amounted to $5.9 billion, which advanced 11.3% year over year.The quarterly results benefited on the back of strong premiums and deposits growth across the Individual Retirement and Institutional Markets segments. Improved sales in the CRBG’s spread-based product portfolio and higher net investment income also contributed to the upside. However, reduced underwriting margins, and an elevated benefits and expense level partly offset the upside.Corebridge Financial, Inc. Price, Consensus and EPS Surprise Corebridge Financial, Inc. Price, Consensus and EPS SurpriseCorebridge Financial, Inc. price-consensus-eps-surprise-chart | Corebridge Financial, Inc. Quote Quarterly Operational UpdatePremiums and deposits rose 20% year over year to $10.5 billion in the fourth quarter.  Premiums and deposits, excluding transactional activity, climbed 21% year over year resulting from increase in fixed annuity and fixed index annuity deposits.Corebridge’s net investment income of $3 billion grew 18% year over year on the back of growth in base portfolio income.Total benefits and expenses escalated 11.9% year over year to $5.1 billion due to an increase in policyholder benefits and interest credited to policyholder account balances.CRBG reported an adjusted pre-tax operating income of $820 million in the quarter under review, which improved 16% year over year.Adjusted return on average equity improved 80 basis points (bps) year over year to 11.2%.Segmental PerformanceIndividual RetirementPremiums and deposits climbed 38% year over year to $5.3 billion in the fourth quarter, attributable to higher fixed annuity and fixed index annuity deposits. Fee income was $288 million, up 1.8% year over year.Spread income of $715 million improved 24.6% year over year. The unit’s adjusted pre-tax operating income rose 35% year over year to $628 million on the back of growing base spread income and lower expenses.Story continuesGroup RetirementThe segment recorded premiums and deposits of $2.1 billion, which fell 7% year over in the quarter under review due to a decline in plan acquisitions and out-of-plan variable annuity deposits. Fee income advanced 7.1% year over year to $181 million.Spread income of $193 million tumbled 8.1% year over year. Adjusted pre-tax operating income was $179 million, which grew 4% year over year resulting from improved fee income and declining expenses.Life InsurancePremiums and deposits increased 2.8% year over year to $1.1 billion in the unit. The segment reported an adjusted pre-tax operating income of $79 million in the fourth quarter, which plunged 44% year over year due to an elevated frequency of smaller claims, leading to an unfavorable Universal Life mortality experience.Institutional MarketsThe unit’s premiums and deposits of $2 billion climbed 29% year over year in the quarter under review, thanks to an increase in pension risk transfer transactions. Fee income remained flat year over year at $16 million.Spread income soared 68.6% year over year to $86 million. Adjusted pre-tax operating income rose 55% year over year to $93 million on the back of improved base spread income.Corporate and OtherThe unit incurred an adjusted pre-tax operating loss of $159 million in the fourth quarter, wider than the year-ago quarter’s loss of $135 million. The results suffered a blow due to non-recurring gains on the sale of legacy investments.Financial Position (as of Dec 31, 2023)Corebridge exited the fourth quarter with a cash balance of $612 million, which grew 10.9% from the 2022-end level. Total investments of $232.6 billion increased 5.7% from the figure at 2022 end.Total assets of $379.3 billion increased 5.3% from the 2022-end figure.Long-term debt amounted to $9.1 billion, up 15.9% from the figure as of Dec 31, 2022. Short-term debt totaled $250 million at the fourth-quarter end.Total equity of $12.6 billion advanced 22.4% from the 2022-end level.Adjusted book value per share was $36.82 as of Dec 31, 2023, which increased 1.3% year over year.Share Repurchase & Dividend UpdateCorebridge bought back 11.8 million common shares worth $252 million in the fourth quarter. It also paid out quarterly dividends of $145 million and special dividends of $731 million.Full-Year UpdateCorebridge’s adjusted operating earnings per share of $4.10 advanced 12% year over year in 2023. Adjusted revenues rose 18.1% year over year to $21.2 billion.Premiums and deposits amounted to $39.9 billion, which climbed 26% year over year.   Net investment income improved 16% year over year to $11.1 billion in 2023.CRBG reported an adjusted pre-tax operating income of $3.2 billion, up 12% year over year.  Premiums and deposits in the Individual Retirement, Group Retirement and Life Insurance segments grew 20.2%, 1.8% and 1.5%, respectively, on a year-over-year basis. The metric in the Institutional Markets unit more than doubled year over year.Key Financial TargetsCRBG aims to achieve a return on average equity in the range of 12-14%. Also, it targets to pay average annual stockholder dividends of $600 million and maintain a payout ratio of 60-65%.Zacks RankCorebridge currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Performance of Other InsurersOf the insurance industry players that have reported fourth-quarter 2023 results so far, the bottom-line results of Cincinnati Financial Corporation CINF, The Allstate Corporation ALL and American International Group, Inc. AIG beat the respective Zacks Consensus Estimate.Cincinnati Financial reported fourth-quarter 2023 operating income of $2.28 per share, which surpassed the Zacks Consensus Estimate by 18.1%. The bottom line surged 79.5% year over year. Total operating revenues in the quarter under review were $2.3 billion, which improved 10.8% year over year. Also, the top line beat the consensus mark by 1%.Earned premiums climbed 10% year over year to $2.1 billion. Investment income, net of expenses, increased 15% year over year to $239 million. In its property & casualty insurance business, CINF witnessed an underwriting income of $252 million compared with an underwriting income of $93 million in the year-ago period. The combined ratio improved 740 bps year over year to 87.5.Allstate’s fourth-quarter 2023 adjusted net income of $5.82 per share surpassed the Zacks Consensus Estimate by 50.4%. The company reported a loss of $1.33 per share in the year-ago quarter. Operating revenues of $14.9 billion rose 10% year over year in the quarter under review. Yet, the top line fell short of the consensus mark by a whisker.Net investment income improved 8.4% year over year to $604 million in the fourth quarter. ALL generated a pretax income of $1.8 billion in the quarter under review against the year-ago quarter’s pretax loss of $410 million. Total policies in force were 192.8 million as of Dec 31, 2023, up 2% year over year. The Property-Liability segment recorded premiums earned of $12.6 billion, which advanced 10.7% year over yearAIG reported fourth-quarter 2023 adjusted earnings per share of $1.79, which outpaced the Zacks Consensus Estimate by 12.6%. The bottom line jumped 31.6% year over year. Operating revenues inched up 4.6% year over year to $12.7 billion in the quarter under review. The top line beat the consensus mark by 9.7%. Premiums fell 9.9% year over year to $8.5 billion in the fourth quarter.Total net investment income of $3.9 billion climbed 20.7% year over year. Net premiums written in the General Insurance segment amounted to $5.8 billion in the fourth quarter, which grew 2.6% year over year. Underwriting income increased 1.1% year over year to $642 million in the quarter under review. The unit’s combined ratio of 89.1% improved 80 bps year over year due to an improvement in the loss ratio.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 reportAmerican International Group, Inc. (AIG) : Free Stock Analysis ReportCincinnati Financial Corporation (CINF) : Free Stock Analysis ReportThe Allstate Corporation (ALL) : Free Stock Analysis ReportCorebridge Financial, Inc. (CRBG) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Corebridge (CRBG) Q4 Earnings Top on Higher Premiums & Deposits

https://finance.yahoo.com/news/corebridge-crbg-q4-earnings-top-191700563.html

b57f70a2-3c4e-3362-8193-c51c143e67b4

CINF

Cincinnati Financial Corporation CINF remains well-poised for growth, driven by a higher level of insured exposures, rate increase, agent-focused business model, consistent cash flow and a solid capital position.Growth ProjectionsThe Zacks Consensus Estimate for Cincinnati Financial’s 2024 earnings is pegged at $6.16 per share, indicating a 2.1% increase from the year-ago reported figure on 9.2% higher revenues of $9.71 billion.The consensus estimate for 2025 earnings is pegged at $6.77 per share, indicating a 9.8% increase from the year-ago reported figure on 7.5% higher revenues of $10.44 billion.Northbound Estimate RevisionThe Zacks Consensus Estimate for 2023 and 2024 earnings has moved 1.6% and 3.6% north, respectively, in the past 30 days, reflecting analysts’ optimism.Earnings Surprise HistoryCincinnati Financial has a solid earnings surprise history. It beat estimates in each of the last four quarters, the average being 43.05%.Zacks Rank & Price PerformanceCincinnati Financial currently carries a Zacks Rank #2 (Buy). Year to date, the stock has gained 8.1% compared with the industry’s growth of 13%.Zacks Investment ResearchImage Source: Zacks Investment ResearchBusiness TailwindsPrudent pricing, an agent-centric model, a higher level of insured exposures and a disciplined expansion of Cincinnati Re should continue to drive Cincinnati Financial’s premiums. CINF boasts above-average industry premium growth.The Excess and Surplus line has been performing well since its inception in 2008. New business written premiums, higher renewal written premiums and improved average renewal estimated pricing are likely to boost the performance of this segment. Technology and data are also being used to identify new exposures in emerging businesses.Increasing interest income from fixed-maturity securities and a decrease in equity portfolio dividends should continue to drive net investment income. An improved rate environment should add to the upside.CINF’s underwriting profitability is weighed down by its exposure to catastrophe losses. Nonetheless, banking on prudent underwriting, CINF’s solid track record of 34 years of favorable reserve development is appreciable. It also has a reinsurance program to limit insured loss.The company boasts a track record of 63 straight years of dividend hikes, reflecting operational expertise and the board's positive outlook and confidence in outstanding capital, liquidity and financial flexibility. Its dividend yield of 2.6% is better than the industry average of 0.2%, making the stock an attractive pick for yield-seeking investors. Notably, its free cash flow conversion has remained more than 150% over the last many quarters, reflecting its solid earnings.Story continuesOther Stocks to ConsiderSome other top-ranked stocks from the property and casualty insurance industry are Arch Capital Group Ltd. ACGL, Axis Capital Holdings Limited AXS and Mercury General Corporation MCY, each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.Arch Capital has a solid record of beating earnings estimates in each of the trailing four quarters, the average being 27.32%. Year to date, ACGL has jumped 15.9%.The Zacks Consensus Estimate for the company’s 2023 and 2024 revenues is pegged at $15.52 billion and $16.93 billion, indicating a year-over-year increase of 15% and 9%, respectively.Axis Capital has a solid record of beating earnings estimates in each of the trailing four quarters, the average being 102.57%. Year to date, the insurer has gained 11.9%.The Zacks Consensus Estimate for the company’s 2023 and 2024 earnings per share is pegged at $10.10 and $11.07, indicating a year-over-year increase of 2.5% and 9.6%, respectively.Mercury General beat estimates in three of the last four quarters and matched in one, the average being 3,417.48%. Year to date, the insurer has rallied 35.8%.The Zacks Consensus Estimate for the company’s 2023 and 2024 earnings per share is pegged at $2.90 and $3.90, indicating a year-over-year rise of 866.67% and 34.48%, respectively.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 reportCincinnati Financial Corporation (CINF) : Free Stock Analysis ReportAxis Capital Holdings Limited (AXS) : Free Stock Analysis ReportArch Capital Group Ltd. (ACGL) : Free Stock Analysis ReportMercury General Corporation (MCY) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Here's Why Cincinnati Financial (CINF) Is a Solid Pick Now

https://finance.yahoo.com/news/heres-why-cincinnati-financial-cinf-134300066.html

e11f88aa-5fc6-3f47-9228-c6a14db89518

CINF

Strengths highlight CINF's robust financial position and commitment to independent agencies.Weaknesses underscore the need for technological advancements and market diversification.Opportunities focus on expanding product offerings and leveraging financial stability.Threats consider the impact of economic downturns and competitive pressures.Warning! GuruFocus has detected 5 Warning Signs with CINF.On February 26, 2024, Cincinnati Financial Corp (NASDAQ:CINF) filed its annual 10-K report, revealing a comprehensive overview of its operations and financial health. As a property and casualty insurance company, CINF has demonstrated a strong financial performance, with a solid market capitalization of approximately $14.99 billion as of June 30, 2023. The company's insurance operations, including commercial lines, personal lines, and excess and surplus lines, along with life insurance and investments, have contributed to a diversified revenue stream. The financial tables within the filing indicate a robust balance sheet, with a fixed-maturity portfolio valued at $13.791 billion and an equity portfolio of $10.989 billion as of December 31, 2023. This financial overview sets the stage for a detailed SWOT analysis, providing investors with a clear picture of CINF's strategic positioning.Decoding Cincinnati Financial Corp (CINF): A Strategic SWOT InsightStrengthsFinancial Stability and Capital Management: Cincinnati Financial Corp's financial stability is a cornerstone of its competitive advantage. The company's insurer financial strength ratings reflect a strong capital and surplus position, which instills confidence among policyholders, agents, and shareholders. With a diversified investment portfolio, CINF maintains a fixed-maturity portfolio that exceeds total insurance reserves, showcasing an average rating of A2/A. This financial prudence is further evidenced by a debt-to-total-capital ratio of a mere 6.3% at year-end 2023, indicating a conservative approach to leveraging and a strong liquidity position with $4.907 billion held at the parent-company level.Story continuesAgency-Centric Business Model: CINF's commitment to its professional independent insurance agencies is a significant strength. The company's business model focuses on supporting the success of these agencies, which in turn actively market CINF's insurance products within their communities. This approach has allowed CINF to establish a 4.6% share of the standard lines property casualty insurance market through its reporting agency locations, according to 2022 data. The model promotes localized decision-making and superior service, particularly in claims, which enhances customer satisfaction and loyalty.WeaknessesTechnological Advancements: While CINF has made strides in implementing technology and analytics to improve pricing accuracy and underwriting profit, there is an ongoing need to further develop and integrate cutting-edge technology. The insurance industry is rapidly evolving with the advent of insurtech and digital platforms, and CINF's future competitiveness will depend on its ability to keep pace with these technological advancements and meet the changing expectations of consumers and agents.Market Diversification: Although CINF has a strong presence in the property and casualty insurance market, there is a potential weakness in the concentration of its business lines. Expanding into new markets or diversifying product offerings could mitigate risks associated with market fluctuations and regulatory changes. Additionally, the company's reliance on independent agencies, while a strength, could also pose a risk if market trends shift towards direct-to-consumer models or if there is significant consolidation within the agency market.OpportunitiesProduct and Service Expansion: CINF has the opportunity to expand its product lines and services to meet emerging market demands. For instance, the growing cyber insurance market presents a potential area for growth, given the increasing prevalence of cyber threats. By leveraging its financial strength and agency relationships, CINF can develop and offer new insurance products that cater to evolving risks, thereby capturing additional market share.Strategic Partnerships and Acquisitions: The company's solid financial position enables it to pursue strategic partnerships or acquisitions that can enhance its market presence and operational capabilities. Collaborations with insurtech firms or acquisitions of specialized underwriters could provide CINF with access to innovative technologies and expertise, further strengthening its competitive position in the market.ThreatsEconomic and Regulatory Challenges: CINF operates in a highly regulated industry that is sensitive to economic cycles. Economic downturns, elevated inflation, or changes in regulatory environments could impact the demand for insurance products and affect the company's profitability. Additionally, legislative changes or increased regulatory scrutiny could impose new obligations that increase expenses or restrict business practices.Competitive Landscape: The insurance industry is characterized by intense competition and rapid innovation. CINF faces the threat of losing market share to competitors that may offer more advanced technological solutions or more aggressive pricing strategies. The company must continuously innovate and adapt to maintain its competitive advantages and market position.In conclusion, Cincinnati Financial Corp (NASDAQ:CINF) exhibits a strong financial foundation and a unique agency-centric business model that positions it well within the insurance industry. However, the company must address its technological advancements and market diversification to stay competitive. Opportunities for growth through product expansion and strategic initiatives are abundant, but CINF must navigate economic uncertainties and a dynamic competitive landscape. By leveraging its strengths and addressing its weaknesses, while capitalizing on opportunities and mitigating threats, CINF is poised to continue its trajectory of success and value creation for its stakeholders.This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.This article first appeared on GuruFocus.

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Decoding Cincinnati Financial Corp (CINF): A Strategic SWOT Insight

https://finance.yahoo.com/news/decoding-cincinnati-financial-corp-cinf-050201973.html

40b4669b-e405-3d07-add2-2ffcaa19c64b

CINF

It has been about a month since the last earnings report for Cincinnati Financial (CINF). Shares have added about 10.1% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Cincinnati Financial due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.Cincinnati Financial Q4 Earnings Top on Higher PremiumsCincinnati Financial reported fourth-quarter 2023 operating income of $2.28 per share, which surpassed the Zacks Consensus Estimate by 18.1%. The bottom line surged 79.5% year over year.Total operating revenues in the quarter under review were $2.3 billion, which improved 10.8% year over year. Also, the top line beat the consensus mark by 1%.The strong quarterly results benefited from higher premiums, net investment income and improved combined ratio. Improved Underwriting profit and lower catastrophe losses in the property and casualty segment added to the upside. Higher expenses partially offset the positives.Operational Update        Earned premiums climbed 10% year over year to $2.1 billion and beat our estimate by 1.2%. It was driven by premium growth initiatives, price increases and a higher level of insured exposures.Investment income, net of expenses increased 15% year over year to $239 million and beat our estimate of $226.6 million. The growth was driven by an increase in bond interest income and a rise in stock portfolio dividends. The Zacks Consensus Estimate was pegged at $227 million.Total benefits and expenses of Cincinnati Financial increased 2.1% year over year to $1.9 billion, primarily due to higher underwriting, acquisitions and insurance expenses and interest expense. Our estimate for the metric was $2 billion.In its property & casualty insurance business, CINF witnessed an underwriting income of $252 million against an underwriting income of $93 million in the year-ago period. Our estimate of underwriting income was pegged at $135.3 million.The combined ratio — a measure of underwriting profitability — improved 740 basis points (bps) year over year to 87.5. Our estimate was pinned at 93.3. The Zacks Consensus Estimate was pegged at 92.Story continuesQuarterly Segment UpdateCommercial Lines Insurance: Total revenues of $1.1 billion increased 4% year over year, which missed the Zacks Consensus Estimate by 1.7%. Our estimate was $1.13 billion. This upside was primarily driven by 4% premiums earned.Underwriting income was $85 million, which surged more than five-fold year over year. The combined ratio improved 670 bps year over year to 92.2. Our estimate was pegged at 93.6.Personal Lines Insurance: Total revenues of $561 million increased 26% year over year on account of a 26% rise in premiums earned. Our estimate was $517.9 million, while the Zacks Consensus Estimate was pegged at $544 million.Underwriting profit was $88 million, which increased more than three-fold year over year. The metric beat our estimate of $77.1 million.The combined ratio improved 1,100 bps year over year to 84.7. Our estimate was 85.3, while the Zacks Consensus Estimate was pegged at 91.Excess and Surplus Lines Insurance: Total revenues of $149 million grew 20% year over year, aided by 19% higher earned premiums. Our estimate was $147.3 million, while the Zacks Consensus Estimate was pegged at $143 million.Underwriting profit increased nearly three-fold year over year to $16 million. Our estimate was pinned at $14.8 million. The combined ratio improved 650 bps year over year to 89.8. Our estimate was 90.6.Life Insurance: Total revenues were $121 million, up 3% year over year, driven by 7% higher earned premiums, 7% higher investment income, net of expenses and higher fee revenues. The Zacks Consensus Estimate was pegged at $80 million. Our estimate was $79.6 million. Total benefits and expenses increased 14% year over year to $109 million due to higher contract holders’ benefits and underwriting expenses incurred.Financial UpdateAs of Dec 31, 2023, Cincinnati Financial had total assets worth $32.8 billion, up 10.2% from 2022-end.Total debt was $815 million as of Dec 31, 2023, down 2.9% from 2022-end. The company’s debt-to-capital ratio was 6.3% as of Dec 31, 2023, which improved 110 bps from the end of 2022.As of Dec 31, 2023, CINF’s book value per share was $77.06, up 14.7% from 2022-end.Dividend UpdateThe board of directors approved a dividend of 81 cents per share for the first quarter of 2024, reflecting an 8% increase. The dividend will be paid out on Apr 15 to shareholders of record as of Mar 19, 2024.Full-Year Update       For 2023, operating income was $6.03 per share, which improved 42% year over year. The metric beat our estimate of $5.52 per share.Adjusted revenues for the year amounted to $8.9 billion, which beat our estimate of $8.8 billion. The top line increased 10.6% year over year.How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a downward trend in estimates revision.The consensus estimate has shifted -6.5% due to these changes.VGM ScoresCurrently, Cincinnati Financial has an average Growth Score of C, however its Momentum Score is doing a bit better with a B. Following the exact same course, the stock was allocated a grade of B on the value side, putting it in the second quintile for this investment strategy.Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Cincinnati Financial has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.Performance of an Industry PlayerCincinnati Financial belongs to the Zacks Insurance - Property and Casualty industry. Another stock from the same industry, RLI Corp. (RLI), has gained 8.1% over the past month. More than a month has passed since the company reported results for the quarter ended December 2023.RLI Corp. reported revenues of $378.44 million in the last reported quarter, representing a year-over-year change of +14.9%. EPS of $1.54 for the same period compares with $1.53 a year ago.For the current quarter, RLI Corp. is expected to post earnings of $1.61 per share, indicating a change of -1.2% from the year-ago quarter. The Zacks Consensus Estimate has changed +1.4% over the last 30 days.The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for RLI Corp. Also, the stock has a VGM Score of F.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 reportCincinnati Financial Corporation (CINF) : Free Stock Analysis ReportRLI Corp. (RLI) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Cincinnati Financial (CINF) Up 10.1% Since Last Earnings Report: Can It Continue?

https://finance.yahoo.com/news/cincinnati-financial-cinf-10-1-163100796.html

200c1151-3615-3dbd-9b61-516785e7c117

CINF

It has been about a month since the last earnings report for Allstate (ALL). Shares have lost about 3.2% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Allstate due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.Allstate Q4 Earnings Beat on Solid Underwriting ResultsThe Allstate Corporation reported a fourth-quarter 2023 adjusted net income of $5.82 per share, which surpassed the Zacks Consensus Estimate by 50.4%. The company reported a loss of $1.33 per share in the year-ago quarter.Operating revenues of $14.9 billion rose 10% year over year in the quarter under review. The year-over-year growth was due to a 10.7% increase in Property-Liability insurance premiums earned. Yet, the top line fell short of the consensus mark by a whisker.The quarterly results benefited on the back of prudent rate increases, a rise in investment income, strong underwriting results, favorable weather conditions and a decline in expenses. However, the upside was partly offset by lower performance-based investment income.Q4 OperationsNet investment income improved 8.4% year over year to $604 million in the fourth quarter but missed the Zacks Consensus Estimate of $643 million.  The metric benefited on the back of improved yields from the fixed-income portfolio, resulting in 30.2% year-over-year growth in market-based investment income. However, performance-based investment income plunged 59.2% year over year due to a decline in valuation increases and reduced income from the underlying investments’ sale.Total costs and expenses of $13 billion decreased 7.5% year over year and also came in lower than our estimate of $13.7 billion. The year-over-year decline was due to lower property and casualty insurance claims and claims expenses.Story continuesAllstate generated a pretax income of $1.8 billion in the quarter under review against the year-ago quarter’s pretax loss of $410 million.Total policies in force were 192.8 million as of Dec 31, 2023, up 2% year over year.Catastrophe losses dropped 91.3% year over year to $68 million in the fourth quarter.Segmental PerformancesThe Property-Liability segment recorded premiums earned of $12.6 billion, which advanced 10.7% year over year on the back of increased average premiums resulting from rate hikes. The metric almost touched the Zacks Consensus Estimate but missed our estimate of $12.7 billion. The Allstate brand gained from improved auto and homeowners average premiums, while average premium growth and an increase in the number of policies contributed to the results of National General.Underwriting income in the unit amounted to $1.3 billion in the fourth quarter against the prior-year quarter’s underwriting loss of $1 billion. The metric was aided by a rise in earned premiums, reduced catastrophe losses and favorable underlying loss experience. The combined ratio of 89.5% improved 1,960 basis points (bps) year over year in the quarter under review and came lower than our estimate of 96.6%.The Protection Services segment’s revenues grew 11.8% year over year to $719 million in the fourth quarter, thanks to strength in Allstate Protection Plans. However, the figure fell short of the consensus mark of $731 million. Adjusted net income of $4 million declined nearly 10-fold year over year due to a rise in state income taxes and deferred tax liabilities.The Allstate Health and Benefits segment reported premium and contract charges of $467 million, which improved 7.1% year over year in the quarter under review, and beat the Zacks Consensus Estimate of $447 million and our estimate of $435.1 million. The unit’s performance was driven by sound individual health and group health results. Adjusted net income advanced 3.4% year over year to $60 million, which matched the consensus mark but outpaced our estimate of $56.5 million.Financial Update (as of Dec 31, 2023)Allstate exited the fourth quarter with a cash balance of $722 million, which declined 1.9% from the figure at 2022 end. Total assets of $103.4 billion increased 5.5% from the 2022-end level.Debt amounted to $7.9 billion, which dipped 0.3% from the figure as of Dec 31, 2022.Total shareholders’ equity of $17.8 billion increased 1.6% from the 2022-end figure.Book value per common share was $59.39 as of Dec 31, 2023, which grew 2.2% from the 2022 figure.The adjusted net income return on Allstate’s common shareholders’ equity in the trailing 12-month period was 1.5%. The metric was recorded at a negative figure of 1.2% in the prior-year comparable period.Full-Year UpdateAllstate reported an adjusted net income of 95 cents per share in 2023. A loss of 88 cents per share was reported in 2022.Consolidated revenues rose 11.1% year over year to $57.1 billion. Property-Liability insurance premiums earned of $48.4 billion rose 10.3% year over year. Net investment income increased 3.1% year over year to $2.5 billion.It incurred an underwriting loss of $2.2 billion, narrower than the prior year’s loss of $2.9 billion. The combined ratio improved 210 bps year over year to 104.5%.How Have Estimates Been Moving Since Then?It turns out, estimates revision have trended upward during the past month.The consensus estimate has shifted 9.32% due to these changes.VGM ScoresAt this time, Allstate has an average Growth Score of C, however its Momentum Score is doing a lot better with an A. Charting a somewhat similar path, the stock was allocated a grade of B on the value side, putting it in the second quintile for this investment strategy.Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.OutlookEstimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. Notably, Allstate has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.Performance of an Industry PlayerAllstate belongs to the Zacks Insurance - Property and Casualty industry. Another stock from the same industry, Cincinnati Financial (CINF), has gained 9% over the past month. More than a month has passed since the company reported results for the quarter ended December 2023.Cincinnati Financial reported revenues of $2.31 billion in the last reported quarter, representing a year-over-year change of +10.8%. EPS of $2.28 for the same period compares with $1.27 a year ago.Cincinnati Financial is expected to post earnings of $1.48 per share for the current quarter, representing a year-over-year change of +66.3%. Over the last 30 days, the Zacks Consensus Estimate has changed -7%.The overall direction and magnitude of estimate revisions translate into a Zacks Rank #2 (Buy) for Cincinnati Financial. Also, the stock has a VGM Score of B.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 reportThe Allstate Corporation (ALL) : Free Stock Analysis ReportCincinnati Financial Corporation (CINF) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Allstate (ALL) Down 3.2% Since Last Earnings Report: Can It Rebound?

https://finance.yahoo.com/news/allstate-down-3-2-since-163047857.html

e2adab96-e1ca-3382-80c6-c19deff74522

CL

In this piece, we are going to look at the 20 Countries Facing the Biggest Brain Drain. If you want to skip emigration situation and its trends globally, and how immigration has contributed substantially to the U.S. economy, you can go directly to 5 Countries Facing the Biggest Brain Drain.Youth brain drain in the world, especially the Western Balkan Six countries (WB6) poses a significant challenge, with high rates of emigration affecting their economic and democratic advancement, potentially impacting their integration into the EU. Current strategies for addressing youth emigration focus on broader policy areas like youth employment and education but may not fully address the issue.Conversely, following Russia's invasion of Ukraine, a substantial migration from Russia to Kazakhstan has created an opportunity for economic growth and brain gain in Kazakhstan. However, cautious policymaking in Kazakhstan could hinder capitalizing on this potential influx.In the global context, attracting and retaining specialized talent is paramount for economic growth. Recent immigration policy changes, such as Ireland's expanded employment permits and the EU Blue Card enhancements, demonstrate efforts to facilitate foreign national movement. The introduction of remote work visas and visa waivers by various countries further showcases a concerted effort to attract and accommodate foreign talent, underscoring the strategic measures in place to address the complex issue of brain drain on an international level.U.S. has been a focal point in context of emigration. In 2022, the workforce in the United States consisted of approximately 28.4 million immigrant employees, showcasing a notable increase of nearly 7 million from the 21.5 million recorded in 2010. Comparatively, there were approximately 129.4 million native-born workers in the same year. Among the various industries, the educational and health services sector employed the highest number of immigrant workers, totalling 5.2 million individuals, which accounted for 18.2% of all foreign-born employees.Story continuesThis was followed by professional and business services with 4.3 million workers (15.2%) and construction with 3.3 million workers (11.7%). Notably, the construction industry boasted the largest proportion of immigrant workers in 2022, with an estimated 3.33 million individuals, representing 11.7% of all immigrant employment. Comparatively, 8.05 million native-born workers were employed in construction, constituting 6.2% of the native-born workforce.A significant proportion of immigrant workers, accounting for 22.8% of the workforce, were engaged in the services sector. This category spanned various occupations, including automotive repair, barber and beauty salons, and religious organizations. Additionally, immigrant workers comprised 21.3% of the professional and business services sector in 2022, encompassing occupations in legal services, accounting, and veterinary services. Within the agricultural sector, approximately 468,000 immigrants were employed, representing 1.7% of the total immigrant workforce. In contrast, native-born individuals accounted for a larger presence in agriculture, with 1.82 million workers in 2022, comprising 1.4% of the native-born employed workforce.Also, immigrant entrepreneurs have been integral to America's economic success story, with many of the country's largest and most renowned companies tracing their origins back to immigrants or their descendants. These "New American" businesses, ranging from well-known brands like Apple and Costco to newcomers on the Fortune 500 list such as Coupang and Lululemon, have consistently fueled innovation and growth in diverse industries. Recent analyses have shown that a significant percentage of Fortune 500 companies have immigrant or immigrant-descended founders, underscoring the enduring impact and entrepreneurial spirit of immigrants in shaping the business landscape of the United States. Namely, Apple Inc. (NASDAQGS:AAPL), Amazon.com, Inc. (NASDAQGS:AMZN) and Colgate-Palmolive Company (NYSE:CL) are few companies consisting of immigrant-descended founders. Before we move to our list of 20 Countries Facing the Biggest Brain Drain, let’s take a look at these companies one by one.Big Companies with Immigrant-Descended FoundersThe existence of the American computer company Apple Inc. (NASDAQGS:AAPL) can be directly attributed to the immigration of Steve Jobs' father, Abdul Fattah Jandali, as a political migrant from Homs, Syria. By allowing this Syrian refugee into the U.S., a pivotal pathway was created for the establishment of Apple, influencing the technology landscape significantly.As of now, Apple Inc. (NASDAQGS:AAPL) stands with a market capitalization of $2.82 trillion. More so, Apple unveiled its fiscal 2024 first-quarter financial outcomes concluding on December 30, 2023. The company reported a quarterly revenue of $119.6 billion, reflecting a 2% increase compared to the previous year, along with quarterly earnings per diluted share of $2.18, representing a 16% surge year over year. This underscores the profound impact that immigration has had on shaping the tech industry.Moreover, the Cuban immigrant background of Amazon.com, Inc. (NASDAQGS:AMZN) founder Jeff Bezos further exemplifies how the origins of influential U.S. companies are intricately connected to immigrant contributions. Currently, Amazon.com, Inc. (NASDAQGS:AMZN) has a market capitalization of $1.82 trillion. In the fourth quarter of 2023, Amazon’s net sales surged by 14% to reach $170.0 billion, displaying notable growth from the $149.2 billion recorded in the fourth quarter of 2022.Colgate-Palmolive Company (NYSE:CL) was a small soap and candle company founded by the English Immigrant William Colgate in New York City in the early 19th century. Now, it has a market capitalization of $71 billion. Colgate-Palmolive Company (NYSE:CL) manufactures and sells consumer products in the United States and internationally. In the upcoming fiscal year of 2024, Colgate-Palmolive Company (NYSE:CL) is anticipated to report earnings of $3.47 per share on revenues totaling $20.02 billion, reflecting a 7.43% variance in earnings per share and a 2.9% shift in revenue. Projections for the following fiscal year indicate an expected increase in performance, with the company projected to earn $3.75 per share on revenues of $21.02 billion, signifying year-over-year changes of 8.03% and 5%, respectively.20 Countries Facing the Biggest Brain DrainHumannet/Shutterstock.comMethodologyTo create our list of 20 Countries Facing the Biggest Brain Drain, we referred to Fragile States Index, particularly focusing on the Human Flight and Brain Drain Index, which is capped at 10, where higher the index (closer to 10), higher the rate of brain drain in a country i.e. higher the number of skilled workers leaving the country. With this, let’s now jump onto our list of 20 Countries Facing the Biggest Brain Drain.By the way, Insider Monkey is an investing website that tracks the movements of corporate insiders and hedge funds. By using a similar consensus approach, we identify the best stock picks of more than 900 hedge funds investing in US stocks. The top 10 consensus stock picks of hedge funds outperformed the S&P 500 Index by more than 140 percentage points over the last 10 years (see the details here). Whether you are a beginner investor or professional one looking for the best stocks to buy, you can benefit from the wisdom of hedge funds and corporate insiders.20. Sri LankaHuman Flight and Brain Drain Index: 7.620th country on our list of 20 Countries Facing the Biggest Brain Drain is Sri Lanka, which is currently experiencing a significant brain drain issue, with over 300,000 individuals choosing to migrate abroad since the country defaulted on its foreign debt last year. Factors such as high inflation, increased taxes, shortages, and limited opportunities have prompted professionals and laborers to seek better prospects overseas. The country's bankruptcy in the recent past hasn't helped the situation.19. FijiHuman Flight and Brain Drain Index: 7.6Fiji is currently grappling with a significant brain drain crisis, with approximately 22,000 individuals having relocated abroad, with 16,000 departing on work permits. The Finance Ministry's permanent secretary addressed this issue at the National Economic Summit, emphasizing the ongoing loss of skilled personnel.18. ChadHuman Flight and Brain Drain Index: 7.7Chad has experienced significant brain drain as a result of prolonged instability and conflict. Many Chadians have migrated to countries such as Saudi Arabia, UAE, Kuwait, Egypt, Syria, Lebanon, and France within the European Union in search of better opportunities.17. MaliHuman Flight and Brain Drain Index: 7.7 Mali's economy has displayed resilience despite challenges like ECOWAS sanctions, high food inflation, and cotton production difficulties, which has led to brain drain over the years, resulting in its appearance here in the list of 20 Countries Facing the Biggest Brain Drain. The outlook for 2023-2024 poses risks concerning the electoral schedule and stricter financial conditions. The increased cost of financing, especially given Mali's high financing requirements, presents a notable risk. Tighter monetary policies have led to higher yields on Treasury bills and bonds within the WAEMU region.16. GrenadaHuman Flight and Brain Drain Index: 7.7 Despite facing the challenge of brain drain, Grenada's economy shows resilience and growth, with expectations to exceed pre-pandemic levels by 2023. The growth is propelled by the construction sector's strong performance and a steady rise in tourist arrivals, supported by successful initiatives to enhance airlift connectivity.15. SyriaHuman Flight and Brain Drain Index: 8Syria is facing a severe humanitarian crisis, with more than two-thirds of the population in acute need of assistance. The combination of factors such as the global economic recession, the impact of COVID-19, sanctions, and economic challenges in neighboring Lebanon has led to over 90% of the population living below the poverty line. The erosion of purchasing power, high inflation rates, and currency depreciation have further exacerbated the economic hardships faced by Syrians. Additionally, the conflict in Ukraine has impacted the cost of staple foods, leading to increased food insecurity in the country.14. Cabo VerdeHuman Flight and Brain Drain Index: 814th country on our list of 20 Countries Facing the Biggest Brain Drain is Cabo Verde, which is facing a significant brain drain issue, with more of its population residing outside the country than within its borders. However, since 2019, the Cape Verdean government has initiated a new digital plan to establish the country as a prominent tech hub in the sub-region, aiming to compete with tech powerhouses like Nigeria and Ghana in West Africa. This strategic plan seeks to address the brain drain challenge and propel Cabo Verde as a key player in the tech industry through innovative initiatives and investments.13. MoldovaHuman Flight and Brain Drain Index: 8.113th country on our list of 20 Countries Facing the Biggest Brain Drain is Moldova, which is facing a significant brain drain issue, as many young individuals have been compelled to seek opportunities abroad due to limited job prospects and low wages at home. Various global and regional crises, including the COVID-19 pandemic and Russia's invasion of Ukraine, have exacerbated the economic challenges in the country. The departure of talented young Moldovans has resulted in a shortage of skilled workforce needed for economic reconstruction, posing risks to local industries' competitiveness and growth. Moldova has experienced a significant loss of its student population over the past 16 years, further intensifying the brain drain phenomenon.12. Guyana Human Flight and Brain Drain Index: 8.2Guyana has been grappling with a significant brain drain issue, leading to an exodus of highly skilled individuals seeking better opportunities and higher pay abroad. The departure of skilled professionals has resulted in shortages in critical sectors like healthcare, education, and technology, leading to a decline in service quality and innovation. Reports indicate that a large percentage of individuals with tertiary education have left the country for more lucrative jobs. The World Bank's 2021 report highlights the need for Guyana to address the lack of opportunities and low pay for skilled professionals in order to retain talent and combat brain drain.11. HaitiHuman Flight and Brain Drain Index: 8.3Haiti is the 11th country on our list of 20 Countries Facing the Biggest Brain Drain, as it is experiencing ongoing emigration, fueled by historical challenges such as poverty, natural disasters, political crises, and insecurity. The country's struggles, including a massive earthquake in 2010, violent riots in 2018, and the assassination of President Jovenel Moïse in 2021, have contributed to a power vacuum and increased migration. Economic instability, exacerbated by widespread poverty, has further driven Haitians to seek opportunities abroad.10. MicronesiaHuman Flight and Brain Drain Index: 8.4A significant number of young Micronesians have been leaving their country in pursuit of better economic prospects, which are limited in the Federated States of Micronesia. President David Panuelo highlighted this issue in his state of the nation address, revealing that over 2,000 citizens migrated permanently in 2020, followed by another 2,500 in 2021. The trend shows a disproportionate loss of youth, with the average age of emigrating citizens ranging between 25 and 28, posing a challenge for the nation.9. AfghanistanHuman Flight and Brain Drain Index: 8.5The Taliban have appealed to Western nations to halt the evacuation and resettlement of educated and skilled Afghans abroad, stating it is detrimental to Afghanistan. They claim improved security within the country, assuring the safety and freedom of all Afghans, including those affiliated with the previous government. Despite this, tens of thousands of educated Afghans have fled in fear of Taliban persecution in the past two years, prompting countries like the United States, Canada, and various European nations to accept Afghan refugees. This significant brain drain, including media professionals, has resulted in setbacks for free media in Afghanistan.8. Albania Human Flight and Brain Drain Index: 8.5 Albania has been grappling with a significant brain drain issue, ranking among the top countries globally for emigration prior to the Covid-19 pandemic. Despite being the only non-African country in this top tier, Albania has faced a resurgence in emigration over the past decade, affecting its population and educational system. This brain drain has led to a workforce crisis in various industries and sectors within the country.7. SomaliaHuman Flight and Brain Drain Index: 8.6Somalia, 7th on our list of Countries Facing the Biggest Brain Drain, continues to face challenges with brain drain as the number of diaspora academic returnees remains lower than desired. Despite an increase in the return of diaspora academics each year, the country still experiences a net loss of people according to World Bank migration data. The shortage of qualified and experienced academic staff in higher education institutions further exacerbates the brain drain issue in Somalia.6. EritreaHuman Flight and Brain Drain Index: 8.6The prolonged conflict between Eritrea and Ethiopia has resulted in significant loss of life and instability in the region. This historical conflict, coupled with the current political challenges and humanitarian crises, contributes to a dire situation in Eritrea. The country's issues, such as a dictatorial system and poor governance, further compound the challenges faced by its people.Click to continue reading and find out about the 5 Countries Facing the Biggest Brain Drain.Suggested Articles:Best Immigration Lawyers in Each of 30 Biggest Cities in the US19 Countries that Encourage Immigration from USA25 Countries With Highest Immigration To U.S.Disclosure: None. 20 Countries Facing the Biggest Brain Drain is originally published on Insider Monkey.

Insider Monkey

20 Countries Facing the Biggest Brain Drain

https://finance.yahoo.com/news/20-countries-facing-biggest-brain-130755675.html

de07f8b7-bcdc-3a82-b62e-a2d708935ab7

CL

For Immediate ReleaseChicago, IL – February 26, 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Colgate-Palmolive Co. CL, Church & Dwight Co., Inc. CHD, Inter Parfums, Inc. IPAR, Lamb Weston Holdings, Inc. LW and Molson Coors Beverage Co. TAP.Here are highlights from Friday’s Analyst Blog:5 Consumer Staple Stocks to Buy Amid Ongoing Market VolatilityThe Wall Street rally that saw major indexes hit all-time highs in early February has suddenly come to a halt, with markets turning volatile again last week. A hotter-than-expected inflation data has dimmed hopes of a rate cut by the Federal Reserve anytime soon.Investor confidence took a further hit after the release of the minutes of the Federal Reserve's January FOMC meeting on Feb 20. The minutes of the meeting suggest that the Federal Reserve is in no hurry to cut interest rates and it will go for the first interest rate cut only after officials have "greater confidence" that inflation is cooling.Fading hopes of a rate cut anytime soon saw the 10-year Treasury yield jump past 4%. Markets are now pricing in just an 8.5% chance of the Federal Reserve going for a rate cut in March, according to the CME FedWatch tool. The probability was above 90% in the first week of January.Also, expectations of a rate cut in May have declined substantially, with 76% of the market participants expecting the first rate cut to happen not before the June FOMC meeting.Given this situation, investing in defensive stocks like consumer staples is a safe bet.The consumer staples sector is stable and robust at its core, as the demand for its services tends to remain unaffected by economic fluctuations. This sector comprises businesses offering essential products for everyday use, rendering it inherently defensive in its nature. Also, the sector is known for the predictability and consistency of its earnings and cash flows.Story continuesOur ChoicesWe have narrowed down our search to five consumer staple stocks such as Colgate-Palmolive Co., Church & Dwight Co., Inc., Inter Parfums, Inc., Lamb Weston Holdings, Inc. and Molson Coors Beverage Co.. The stocks have a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here.Colgate-Palmolive Company's business strategy closely defines efforts to increase its leadership in key product categories through innovation in core businesses, tracking adjacent categories' growth and expansion into new markets and channels. Due to the shift of consumer preference to organic and natural ingredients, CL is expanding its Naturals range, including Naturals toothpaste.Colgate-Palmolive Company has an expected earnings growth rate of 7.7% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.9% over the past 60 days. CL presently has a Zacks Rank #2.Church & Dwight Co., Inc. develops, manufactures and markets a broad range of household, personal care and specialty products. CHD is the leading U.S. producer of sodium bicarbonate, popularly known as baking soda, a natural product that cleans, deodorizes, leavens and buffers.Church & Dwight has an expected earnings growth rate of 8.2% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.6% over the past 60 days. CHD currently carries a Zacks Rank #2.Inter Parfums, Inc. is engaged in the manufacturing, distribution and marketing of a wide range of fragrances and related products. IPAR manages its business through two operational units — European-based operations and United States-based operations.Inter Parfums has an expected earnings growth rate of 20.4% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.6% over the past 60 days. IPAR currently has a Zacks Rank #2.Lamb Weston Holdings, Inc. is a leading global manufacturer, marketer and distributor of value-added frozen potato products, particularly French fries, and provides a range of appetizers. LW, along with its joint venture allies, is the top frozen potato products supplier in North America, while it also operates internationally, with a robust and growing presence in emerging markets.Lamb Weston's expected earnings growth rate for the current year is 26.9%. The Zacks Consensus Estimate for current-year earnings has improved 1.7% over the past 60 days. LW currently has a Zacks Rank #2.Molson Coors Beverage Company, the global manufacturer and seller of beer and other beverage products, has an impressive diverse portfolio of owned and partner brands. TAP's brands include global priority brands such as Blue Moon, Miller Lite, CoorsBanquet, Coors Light, Miller Genuine Draft and Staropramen, as well as regional champion brands like Carling and Molson Canadian.Molson Coors Beverage Company's expected earnings growth rate for the current year is 4.2%. The Zacks Consensus Estimate for the current-year earnings has improved 4.6% over the past 60 days. TAP presently sports a Zacks Rank #1.Why Haven't You Looked at Zacks' Top Stocks? Since 2000, our top stock-picking strategies have blown away the S&P's +7.0 average gain per year. Amazingly, they soared with average gains of +44.9%, +48.4% and +55.2% per year.Today you can access their live picks without cost or obligation.See Stocks Free >>Media ContactZacks Investment Research800-767-3771 ext. [email protected]                        https://www.zacks.comPast performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.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 reportColgate-Palmolive Company (CL) : Free Stock Analysis ReportChurch & Dwight Co., Inc. (CHD) : Free Stock Analysis ReportMolson Coors Beverage Company (TAP) : Free Stock Analysis ReportInter Parfums, Inc. (IPAR) : Free Stock Analysis ReportLamb Weston (LW) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

The Zacks Analyst Blog Highlights Colgate-Palmolive, Church & Dwight, Inter Parfums, Lamb Weston and Molson Coors Beverage

https://finance.yahoo.com/news/zacks-analyst-blog-highlights-colgate-143700590.html

f78ecaae-7d21-31b0-a60b-edb78626b410

CL

Two factors often determine stock prices in the long run: earnings and interest rates. Investors can't control the latter, but they can focus on a company's earnings results every quarter.Life and the stock market are both about expectations, and rising above what is expected is often rewarded, while falling short can come with negative consequences. Investors might want to try to capture stronger returns by finding positive earnings surprises.2 Stocks to Add to Your WatchlistThe Zacks Earnings ESP, or Expected Surprise Prediction, aims to find earnings surprises by focusing on the most recent analyst revisions. The basic premise is that if an analyst reevaluates their earnings estimate ahead of an earnings release, it means they likely have new information that could possibly be more accurate. The core of the ESP model is comparing the Most Accurate Estimate to the Zacks Consensus Estimate, where the resulting percentage difference between the two equals the Expected Surprise Prediction.The final step today is to look at a stock that meets our ESP qualifications. General Mills (GIS) earns a Zacks Rank #3 nine days from its next quarterly earnings release on March 20, 2024, and its Most Accurate Estimate comes in at $1.05 a share.General Mills' Earnings ESP sits at 1.3%, which, as explained above, is calculated by taking the percentage difference between the $1.05 Most Accurate Estimate and the Zacks Consensus Estimate of $1.04.GIS is part of a big group of Consumer Staples stocks that boast a positive ESP, and investors may want to take a look at Colgate-Palmolive (CL) as well.Colgate-Palmolive, which is readying to report earnings on April 26, 2024, sits at a Zacks Rank #2 (Buy) right now. It's Most Accurate Estimate is currently $0.82 a share, and CL is 46 days out from its next earnings report.For Colgate-Palmolive, the percentage difference between its Most Accurate Estimate and its Zacks Consensus Estimate of $0.82 is 0.42%.Story continuesBecause both stocks hold a positive Earnings ESP, GIS and CL could potentially post earnings beats in their next reports.Find Stocks to Buy or Sell Before They're ReportedUse the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading. Check it out here >>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 reportGeneral Mills, Inc. (GIS) : Free Stock Analysis ReportColgate-Palmolive Company (CL) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

These 2 Consumer Staples Stocks Could Beat Earnings: Why They Should Be on Your Radar

https://finance.yahoo.com/news/2-consumer-staples-stocks-could-130004132.html

f4947680-7a1b-3d89-a5a5-f98be1e9d4d9

CL

Monster Beverage Corporation MNST has been doing well, thanks to its robust business strategies. The company has been gaining from the expansion of the energy drinks category and product launches. It has launched many products and expanded distribution in the international markets.Buoyed by such strengths, shares of this energy drinks and alternative beverages’ marketer have risen 18% compared with the industry’s 4.9% growth over the past year. A Momentum Score of A further adds strength to this currently Zacks Rank #3 (Hold) company.Analysts seem quite optimistic about the company. The Zacks Consensus Estimate for 2024 sales and earnings per share is currently pegged at $1.93 billion and 44 cents, respectively. These estimates show corresponding growth of 13.3% and 15.8% year over year.Delving DeeperMonster Beverage is experiencing strength in its energy drinks category, which has been driving performance for a while now. The company offers a wide range of energy drinks brands such as Monster Energy, Monster Energy Ultra, Monster Rehab, Monster Energy Nitro, Java Monster, Punch Monster, Juice Monster, Monster Hydro Energy Water, Monster Hydro Super Sport, Monster Super Fuel, Monster Dragon Tea, Reign Total Body Fuel, Reign Inferno Thermogenic Fuel, Reign Storm, True North, NOS, Full Throttle, Burn, Mother, Nalu, Ultra Energy, Play Relentless, BPM, BU, Gladiator, Samurai, Live+, Predator and Fury.Zacks Investment ResearchImage Source: Zacks Investment ResearchIn fourth-quarter 2023, the Monster Energy Drinks segment's net sales increased 15.1% year over year to $1.60 billion. On a currency-adjusted basis, net sales for the segment rose 16.5%. It continues to have market share leadership in the energy drinks category for all outlets combined in the United States in both the 13-week and four-week periods ended Feb 17, 2024.Product innovation plays a significant role in the company's success. Monster Beverage launched Monster Aussie Lemonade in Japan, Monster Ultra Paradise in Malaysia, Monster Mango Loco and Pipeline Punch in Kazakhstan, and Monster Mango Loco in the Philippines. In February this year, the company introduced Predator Gold Strike in Azerbaijan and the Philippines. It had earlier rolled out its first flavored malt beverage alcohol product, The Beast Unleashed, in the United States and received positive feedback. This marked the expansion of the distribution of The Beast Unleashed into additional markets, with plans for nationwide distribution ahead.Management expressed satisfaction with its 2023 product innovations, including Monster Energy Zero-Sugar, Ultra Strawberry Dreams and Rainstorm in the United States, along with Monster Energy Lewis Hamilton 44 Zero-Sugar in EMEA.Additionally, the company continues to benefit from its pricing actions across various regions to negate the impacts of rising commodity costs and inflation. MNST continued to implement price hikes in the fourth quarter of 2023, with additional price hikes planned in several other markets ahead.  Monster Beverage has implemented price increases in the first quarter of 2024 across certain international markets. It is continuing to monitor opportunities for further pricing actions across the United States and internationally. In fourth-quarter 2023, Monster Beverage’s gross margin expanded 240 basis points to 54.2%, driven by pricing actions, lower freight-in costs and reduced input costs.To wrap up, Monster Beverage seems to be a decent investment bet given all the aforementioned positives.Story continuesStocks to ConsiderWe highlighted some better-ranked stocks from the broader Consumer Staples space, namely Church & Dwight Co. CHD, Colgate-Palmolive CL and Inter Parfums IPAR.Church & Dwight, offering a broad range of household, personal care and specialty products, currently carries a Zacks Rank #2 (Buy). CHD has a trailing four-quarter earnings surprise of 10.1%, on average. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.The Zacks Consensus Estimate for Church & Dwight’s current financial year’s sales and earnings suggests growth of 8.7% and 6.4%, respectively, from the year-ago numbers.Colgate, a leading consumer goods company, currently carries a Zacks Rank of 2. CL has a trailing four-quarter earnings surprise of 4.2%, on average.The Zacks Consensus Estimate for CL’s current financial-year sales and earnings suggests growth of 3.5% and 7.7%, respectively, from the year-ago reported figures.Inter Parfums is engaged in the manufacturing, distribution and marketing of a wide range of fragrances and related products. It currently carries a Zacks Rank of 2.The Zacks Consensus Estimate for IPAR’s current financial-year sales and earnings indicates advancements of 20.9% and 20.2%, respectively, from the prior-year figures. It has a trailing four-quarter earnings surprise of 45.7%, on average.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 reportColgate-Palmolive Company (CL) : Free Stock Analysis ReportChurch & Dwight Co., Inc. (CHD) : Free Stock Analysis ReportInter Parfums, Inc. (IPAR) : Free Stock Analysis ReportMonster Beverage Corporation (MNST) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Monster Beverage's (MNST) Growth Strategies Progress Well

https://finance.yahoo.com/news/monster-beverages-mnst-growth-strategies-164800684.html

b802c143-dd89-3298-a70a-c5df128fc828

CLX

Investors interested in Consumer Staples stocks should always be looking to find the best-performing companies in the group. Clorox (CLX) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.Clorox is a member of the Consumer Staples sector. This group includes 193 individual stocks and currently holds a Zacks Sector Rank of #13. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Clorox is currently sporting a Zacks Rank of #2 (Buy).Within the past quarter, the Zacks Consensus Estimate for CLX's full-year earnings has moved 22.2% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.Based on the latest available data, CLX has gained about 7.1% so far this year. Meanwhile, stocks in the Consumer Staples group have gained about 1.8% on average. As we can see, Clorox is performing better than its sector in the calendar year.Another Consumer Staples stock, which has outperformed the sector so far this year, is WD-40 (WDFC). The stock has returned 10.1% year-to-date.For WD-40, the consensus EPS estimate for the current year has increased 0.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).Breaking things down more, Clorox is a member of the Soap and Cleaning Materials industry, which includes 7 individual companies and currently sits at #16 in the Zacks Industry Rank. Stocks in this group have gained about 8.6% so far this year, so CLX is slightly underperforming its industry this group in terms of year-to-date returns.Story continuesWD-40, however, belongs to the Consumer Products - Staples industry. Currently, this 30-stock industry is ranked #161. The industry has moved -6.7% so far this year.Clorox and WD-40 could continue their solid performance, so investors interested in Consumer Staples stocks should continue to pay close attention to these stocks.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 reportThe Clorox Company (CLX) : Free Stock Analysis ReportWD-40 Company (WDFC) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Is Clorox (CLX) Stock Outpacing Its Consumer Staples Peers This Year?

https://finance.yahoo.com/news/clorox-clx-stock-outpacing-consumer-144012543.html

0536db94-cc64-3ed4-88df-9ca2f9ab587c

CLX

OAKLAND, CA / ACCESSWIRE / February 23, 2024 / The Clorox Company (NYSE:CLX) has earned the top ranking on Barron's 2024 100 Most Sustainable Companies list - its second consecutive year in the top spot. Clorox was selected for its continued efforts around sustainability, employee experience, inclusive representation and corporate governance structure."This important recognition from Barron's is a testament of our values in action," said Chair and CEO Linda Rendle. "By doing the right thing, putting people at the center of everything we do, and playing to win, we can realize our long-term aspirations and drive our business forward in a sustainable manner."Released yesterday, the list is compiled by Barron's in collaboration with Calvert Research and Management based on environmental, social and governance (ESG) performance by the 1,000 largest U.S. publicly traded companies by market value. Calvert analyzes how companies perform according to five key constituencies-including shareholders, employees, customers, community, and planet- and determines rankings based on more than 230 ESG performance indicators.Clorox has made considerable progress toward its ambitious ESG goals across the areas where it can have the greatest impact. Recent highlights include:Achieved and continues to maintain pay equity commitment - meaning no statistically significant differences in pay - across gender globally and races/ethnicities in the U.S.Implemented a new ESG governance structure to further integrate ESG priorities, allocate resources and assign decision-making authority and accountability across its business.Sustained diversity in its board of directors, with 50 percent female and 25 percent identifying as people of color.Published its Climate Action Plan outlining its approach to achieving its 2030 science-based targets and 2050 net-zero commitment.Maintained goal to source 100 percent of its electricity from renewable energy for U.S. and Canadian operations.Attained zero-waste-to-landfill status in over half of its facilities and 80 percent of its plants and reached 88 percent of the company's goal to have 100 percent recyclable, reusable or compostable packaging by 2025.Named an Environmental Protection Agency (EPA) Safer Choice partner of the Year for the sixth time for the company's manufacturing of products that contain ingredients the EPA has determined are safer for human health and the environment.Story continuesThe full list of Barron's Top Sustainable Companies of 2024 can be found here. To learn more about The Clorox Company's ESG goals and progress, visit: https://www.thecloroxcompany.com/company/ignite-strategy/about-ignite-esg/About The Clorox Company The Clorox Company (NYSE: CLX) champions people to be well and thrive every single day. Its trusted brands, which include Brita®, Burt's Bees®, Clorox®, Fresh Step®, Glad®, Hidden Valley®, Kingsford®, Liquid-Plumr®, Pine-Sol® and Natural Vitality®, can be found in about nine of 10 U.S. homes and internationally with brands such as Ayudin®, Clorinda®, Chux® and Poett®. Headquartered in Oakland, California, since 1913, Clorox was one of the first in the U.S. to integrate ESG into its business reporting. Visit thecloroxcompany.com to learn more.CLX-CView original content to download multimedia: https://investors.thecloroxcompany.com/investors/news-and-events/press-releases/press-release-details/2024/The-Clorox-Company-Named-Barrons-Most-Sustainable-U.S.-Company-for-Second-Year-in-a-Row/default.aspxView additional multimedia and more ESG storytelling from The Clorox Company on 3blmedia.com.Contact Info:Spokesperson: The Clorox CompanyWebsite: https://www.3blmedia.com/profiles/clorox-company Email: [email protected]: The Clorox CompanyView the original press release on accesswire.com

ACCESSWIRE

The Clorox Company Named Barron's Most Sustainable U.S. Company for Second Year in a Row

https://finance.yahoo.com/news/clorox-company-named-barrons-most-184500270.html

713d84d4-6f48-3c98-bed7-2c745d84c153

CLX

Clinical studies presented at the 2024 American Academy of Dermatology Annual Meeting demonstrate how nature-based products support the microbiome in compromised skin, while improving barrier function and hydrationDURHAM, N.C., March 8, 2024  /PRNewswire/ -- Burt's Bees, the #1 dermatologist recommended natural skin care brand* and a pioneer in naturally-derived lip and skin care solutions, announced its latest research findings on the benefits of nature-based products to maintain and protect skin health and hydration. The studies will be presented at the American Academy of Dermatology (AAD) Annual Meeting from March 8-12, 2024.The latest research findings from Burt's Bees highlight:The efficacy of an aloe-containing moisturizer in improving skin barrier function and hydration in sensitive skin populationsThe impact of a moisturizer containing aloe and rice milk in supporting the skin microbiome for those with atopic dermatitis and rosaceaThe tolerability of a topical formulation in populations with mild to moderate acne"Whether our aim is to improve barrier function, boost hydration or support the microbiome, we focus on bringing the best solutions nature has to offer to consumers as we have done for more than 40 years," said Hemali Gunt, Ph.D., head of clinical and scientific affairs at Burt's Bees. "Burt's Bees has a deep understanding of both facial and lip skin, which is at the foundation of our research and development efforts as we continue to pioneer the use of new ingredients and innovations in the natural skin care space."New Burt's Bees data that will be presented at AAD 2024 includes:The effectiveness of aloe vera and rice extract-containing moisturizing cream in improving and maintaining barrier function and hydration in xerotic skin; Gunt H., Levy S.; Online PosterAbout the Research: A nature-based moisturizing cream containing aloe and rice extract was studied in 32 female participants with moderately dry skinThe study evaluated the effectiveness of the moisturizing cream in improving skin hydration and barrier function/transepidermal water lossWhen compared to baseline, results demonstrated a significant improvement in moisturization and skin barrier function in individuals with dry and sensitive skinA multi-functional moisturizer containing aloe vera and rice extract maintains a diverse and balanced facial skin microbiome in sensitive skin; Gunt H., Ahmad N. and Sivamani R.; Online PosterAbout the Research: A baseline-controlled study evaluating the effectiveness of a moisturizing cream containing aloe vera and rice extract was conducted in 42 female participants over six weeksParticipants had either atopic dermatitis or rosacea with visible rednessResults showed that the nature-based moisturizer significantly increased skin hydration while supporting the skin microbiome without disrupting the skin barrierDaily use of prebiotic-containing topical formulation balances and restores skin microbiome in subjects with mild to moderate acne; Gunt H., Levy S., and Sivamani R.; March 8, 2024, poster presentation from 2:20-2:25 p.m. PST in the Sails Pavilion, Poster Center 1About the Research: A six-week baseline-controlled study evaluated the efficacy and tolerability of a topical formulation containing prebiotics in participants with mild to moderate acneInvestigator and participant-assessed tolerability demonstrated that the product was well tolerated while changes in the appearance of acne and skin microbiome were consistent with improvement in overall skin condition of those with mild to moderate acneStory continues"The skin microbiome is fundamental to supporting a healthy skin barrier. Barrier dysfunction in individuals with acne-prone skin results in alterations and imbalances in the microbiome, leading to inflammation and breakouts," said Stanley Levy, M.D., a board-certified dermatologist in Chapel Hill, North Carolina and study consultant. "This research demonstrates that a topical nature-based gel cream containing inulin, an effective prebiotic, can assist in supporting a balanced microbiome in patients with mild to moderate acne and replenish moisture content without provoking breakouts."Burt's Bees will also highlight naturally-derived products containing aloe, shea and coconut on-site at AAD, booth location #3217, where attendees can learn more about the brand's nature-based product research and core product offerings, including forthcoming research in the lip health space. To learn more about the proven power of Burt' Bees nature-based products, visit www.burtsbeesdermatology.com for our clinical data and resources.About Burt's Bees | is the #1 dermatologist recommended natural skin care brand, born in the woods of Maine, and known for its original Beeswax Lip Balm. Burt's Bees products are consciously made with ingredients from nature to nourish skin from head to toe. From responsible sourcing to mindful packaging and landfill-free operations, Burt's Bees is made with care by nature, for nature, for all—since 1984. NYSE: CLX-B.*Based on a November 2023 NielsenIQ national survey of U.S. Dermatologists CisionView original content:https://www.prnewswire.com/news-releases/burts-bees-showcases-clinical-efficacy-of-aloe-and-prebiotic-containing-products-in-addressing-common-skin-concerns-302081545.htmlSOURCE Burt's Bees

PR Newswire

Burt's Bees® Showcases Clinical Efficacy of Aloe and Prebiotic Containing Products in Addressing Common Skin Concerns

https://finance.yahoo.com/news/burts-bees-showcases-clinical-efficacy-180200690.html

c0f4d41e-73ce-3bc8-bc6c-47e04c2f1b67

CLX

Investors interested in Consumer Staples stocks should always be looking to find the best-performing companies in the group. Clorox (CLX) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Consumer Staples peers, we might be able to answer that question.Clorox is a member of our Consumer Staples group, which includes 194 different companies and currently sits at #14 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Clorox is currently sporting a Zacks Rank of #2 (Buy).Over the past three months, the Zacks Consensus Estimate for CLX's full-year earnings has moved 22.2% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.According to our latest data, CLX has moved about 9.2% on a year-to-date basis. Meanwhile, stocks in the Consumer Staples group have gained about 1.6% on average. This shows that Clorox is outperforming its peers so far this year.One other Consumer Staples stock that has outperformed the sector so far this year is WD-40 (WDFC). The stock is up 5.8% year-to-date.For WD-40, the consensus EPS estimate for the current year has increased 0.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).Looking more specifically, Clorox belongs to the Soap and Cleaning Materials industry, which includes 7 individual stocks and currently sits at #28 in the Zacks Industry Rank. This group has gained an average of 8.6% so far this year, so CLX is performing better in this area.Story continuesIn contrast, WD-40 falls under the Consumer Products - Staples industry. Currently, this industry has 31 stocks and is ranked #155. Since the beginning of the year, the industry has moved -4%.Investors with an interest in Consumer Staples stocks should continue to track Clorox and WD-40. These stocks will be looking to continue their solid performance.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 reportThe Clorox Company (CLX) : Free Stock Analysis ReportWD-40 Company (WDFC) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Are Consumer Staples Stocks Lagging Clorox (CLX) This Year?

https://finance.yahoo.com/news/consumer-staples-stocks-lagging-clorox-134011759.html

d2375ea0-1673-37f5-84b0-0ecb46d2d5a2

CMA

In this piece, we will take a look at the 13 best bank stocks to invest in for long term. If you want to skip our coverage of the banking industry and how it started to trouble investors once again this year, you can take a look at 5 Best Bank Stocks To Invest In For Long-Term. Due to the current macroeconomic environment, the banking industry in the U.S. and globally has been one of the most important and most watched sectors. This is because right now, apart from artificial intelligence and AI stocks, the Federal Reserve's interest rate policy is a must watch item on the agenda of both retail and professional investors. Investors are wondering when the rates will start to drop. These rate cuts will be quite important for the banking industry as well as for broader sectors such as commercial and office real estate that have struggled in the aftermath of turmoil in the bond market. 2023 was a notable year for bank stocks and it saw a widespread bloodbath in the regional banking sector. Multiple big regional banks failed as they were unable to assess the impact of rising bond yields on their asset bases.This turmoil resurfaced in 2024 as well. While investors were cheering AI stocks and pumping up the shares of NVIDIA Corporation, the shares of New York Community Bancorp, Inc. (NYSE:NYCB) crashed by 59% in late January and early February after the New York state based regional bank warned in its earnings report that it had to allocate additional capital for trouble in the office real estate sector. Additionally, just as the turmoil in 2023 had prompted the Federal Reserve to step up its efforts at ensuring that the U.S. banking sector was healthy by running stress tests, the NYCB scare of 2024 in the wake of its surprising loss and capital allocation has now spurred the Federal Deposit Insurance Corporation (FDIC), Office of the Comptroller of the Currency, and other banking bodies to inquire from banks whether they are adequately prepared for any untoward events according to media reports. Due to the sizeable role that they play in funding commercial real estate, small banks are quite exposed to jitters in the market, and anyone interested in following bank stocks would also be well advised to watch the commercial real estate sector.Story continuesBut what about mega bank stocks? After all, following the 2023 regional banking crisis, large banks such as JPMorgan Chase & Co. (NYSE:JPM) and Bank of America Corporation (NYSE:BAC) had remained unscathed despite some fears about their instability. Well, the start of 2024 has seen the Financial Industry Regulatory Authority (FINRA) fine Morgan Stanley (NYSE:MS) a sizeable $1.3 million over the bank's failure to properly deal with municipal securities. Additionally, if we're to slightly expand our focus from pure play banking to the broader financial services sector, then 2024 has also seen one of the biggest deals in the banking industry.Online banking stock Capital One Financial Corporation (NYSE:COF) announced a whopping $35 billion deal for Discover Financial Services (NYSE:DFS), and as investors remain unconvinced that the affair could clear regulatory scrutiny, analysts believe that if Capital One shows that it will help consumers save money and benefit them in other ways, then it might be able to take on giants such as Mastercard Incorporated (NYSE:MA) and Visa Inc. (NYSE:V).So, as the banking sector continues to be as dynamic as ever and investors hope for rate cuts soon, we decided to look at some top banking stocks for the long term. A handful of the top names are Bank of America Corporation (NYSE:BAC), JPMorgan Chase & Co. (NYSE:JPM), and Citigroup Inc. (NYSE:C), and you can also check out 12 Best-Performing Bank Stocks In 2024.13 Best Bank Stocks To Invest In For Long-TermA person using a mobile device to access their bank account information.Our MethodologyTo make our list of the best bank stocks for the long term, we ranked the forty most valuable diversified and regional banking stocks that trade on U.S. markets by the number of hedge funds that had bought the shares as of Q4 2023 end. Out of these, the bank stocks with the highest number of hedge fund investors were chosen.For these best bank stocks for the long term, we have also mentioned hedge fund sentiment. Hedge funds' top 10 consensus stock picks outperformed the S&P 500 Index by more than 140 percentage points over the last 10 years (see the details here). That's why we pay very close attention to this often-ignored indicator.Best Bank Stocks To Invest In For Long-Term13. East West Bancorp, Inc. (NASDAQ:EWBC)Number of Hedge Fund Investors In Q4 2023: 38 East West Bancorp, Inc. (NASDAQ:EWBC) is a regional bank headquartered in Pasadena, California. Despite a mixed bag of financial performance that has seen the bank beat analyst EPS estimates in only two out of its four latest quarters, the shares are rated Strong Buy on average with an average share price target of $83.79.As of Q4 2023 end, 38 out of the 933 hedge funds tracked by Insider Monkey had bought a stake in East West Bancorp, Inc. (NASDAQ:EWBC). Ken Griffin's Citadel Investment Group was the firm's biggest investor since it held a $164 million stake.Along with JPMorgan Chase & Co. (NYSE:JPM), Bank of America Corporation (NYSE:BAC), and Citigroup Inc. (NYSE:C), East West Bancorp, Inc. (NASDAQ:EWBC) is a top bank stock that hedge funds have invested in.12. Comerica Incorporated (NYSE:CMA)Number of Hedge Fund Investors In Q4 2023: 39Comerica Incorporated (NYSE:CMA) is a Texas based regional bank that offers banking, wealth management, and associated services. The bank started 2024 on a somber note after it announced that it would be closing more than two dozen branches as part of an effort to reduce expenses.During last year's fourth quarter, 39 out of the 933 hedge funds part of Insider Monkey's database had held the bank's shares. Comerica Incorporated (NYSE:CMA)'s largest hedge fund investor is Ken Griffin's Citadel Investment Group through its $94.9 million investment.11. Webster Financial Corporation (NYSE:WBS)Number of Hedge Fund Investors In Q4 2023: 41 Webster Financial Corporation (NYSE:WBS) is a Connecticut based bank that provides commercial and consumer banking services. It's another highly rated bank stock, as the shares are rated Strong Buy on average, and the average share price target is $58.79.As of December 2023 end, 41 out of the 933 hedge funds tracked by Insider Monkey had invested in Webster Financial Corporation (NYSE:WBS). Ric Dillon's Diamond Hill Capital was the bank's biggest stakeholder, as it had piled in $118 million into the stock.10. HDFC Bank Limited (NYSE:HDB)Number of Hedge Fund Investors In Q4 2023: 41 HDFC Bank Limited (NYSE:HDB) is a sizeable regional bank with close to two hundred thousand employees. An Indian bank, February 2024 has been a remarkable month for the bank as it has managed to raise a whopping $300 million by issuing sustainable financing bonds.Insider Monkey scoured through 933 hedge fund portfolios for last year's December quarter and discovered that 41 funds had bought and owned the bank's shares. HDFC Bank Limited (NYSE:HDB)'s largest stakeholder among these is Andreas Halvorsen's Viking Global due to its $653 million stake.9. KeyCorp (NYSE:KEY)Number of Hedge Fund Investors In Q4 2023: 49KeyCorp (NYSE:KEY) is one of the oldest banks on our list since it was set up in 1849. February 2024 has seen the bank step up its community outreach and giving efforts, by announcing multiple grants that cover Latino college preparedness, energy efficient housing, culinary apprenticeships, and other unique areas.During 2023's December quarter, 49 out of the 933 hedge funds covered by Insider Monkey's research had held a stake in KeyCorp (NYSE:KEY). Ken Griffin's Citadel Investment Group was the biggest investor through its $259 million investment.8. First Horizon Corporation (NYSE:FHN)Number of Hedge Fund Investors In Q4 2023: 50 First Horizon Corporation (NYSE:FHN) is a mid sized regional bank headquartered in Memphis, Tennessee. The bank has missed analyst EPS estimates in two out of its four latest quarters, and its shares are rated Buy on average.After scouring through 933 hedge fund portfolios for 2023's fourth quarter, Insider Monkey found that 50 were the bank's investors. The largest First Horizon Corporation (NYSE:FHN) shareholder in our database is Israel Englander's Millennium Management as it owns $170 million worth of shares.7. Nu Holdings Ltd. (NYSE:NU)Number of Hedge Fund Investors In Q4 2023: 54Nu Holdings Ltd. (NYSE:NU) is a Brazilian digital bank that is well known for being one of the largest of its kind in the high growth South American country. To wit, investment bank Morgan Stanley added the stock to one of its top picks in 2024, despite the fact that the shares were already up by 104% in 2023.During December 2023, 54 out of the 933 hedge funds surveyed by Insider Monkey had bought Nu Holdings Ltd. (NYSE:NU)'s shares. Warren Buffett's Berkshire Hathaway owned the biggest stake which was worth $892 million.6. First Citizens BancShares, Inc. (NASDAQ:FCNCA)Number of Hedge Fund Investors In Q4 2023: 54First Citizens BancShares, Inc. (NASDAQ:FCNCA) is a North Carolina based bank that offers loans, accounts, and other typical banking products and services. Analysts have priced in a 20% upside to its already expensive shares that are currently trading at $1,518.For their Q4 2023 shareholdings, 54 out of the 933 hedge funds profiled by Insider Monkey had invested in the firm. First Citizens BancShares, Inc. (NASDAQ:FCNCA)'s largest hedge fund investor is Natixis Global Asset Management's Harris Associates due to its $710 million investment.Bank of America Corporation (NYSE:BAC), First Citizens BancShares, Inc. (NASDAQ:FCNCA), JPMorgan Chase & Co. (NYSE:JPM), and Citigroup Inc. (NYSE:C) are some top hedge fund long term bank stock picks. Click here to continue reading and check out 5 Best Bank Stocks To Invest In For Long-Term.  Suggested articles:13 Best Long-Term Dividend Stocks To Buy Now10 Small-Cap Energy Stocks with Strong Returns16 Most Undervalued Quality Stocks To Buy According To Hedge FundsDisclosure: None. 13 Best Bank Stocks To Invest In For Long-Term is originally published on Insider Monkey.

Insider Monkey

13 Best Bank Stocks To Invest In For Long-Term

https://finance.yahoo.com/news/13-best-bank-stocks-invest-115629916.html

d3eba072-7d5b-3add-8660-0c2bf1a22792

CMA

DALLAS, Feb. 26, 2024 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) announced it will participate in the 2024 RBC Capital Markets Global Financial Institutions Conference on Wednesday, March 6, 2024.Comerica logo (PRNewsfoto/Comerica Incorporated)Comerica Incorporated also provided details for its first quarter 2024 earnings call on Thursday, April 18, 2024.Interested parties may access additional information through the following details:2024 RBC Capital Markets Global Financial Institutions Conference:DATE:Wednesday, March 6, 2024TIME:8:20 a.m. CT / 9:20 a.m. ETPARTICIPATING:James Herzog, Chief Financial OfficerPeter Sefzik, Chief Banking OfficerKelly Gage, Director of Investor RelationsWEBCAST/PRESENTATION: The live audio webcast and presentation slides will be available on the Investor Relations Presentations and Events page on www.comerica.com. Comerica's presentation may include forward looking statements. REPLAY INFORMATION: A replay (accessible for at least 10 days) of the call is expected to be available approximately one hour after the live webcast on the Investor Relations Presentations and Events page on www.comerica.com.First Quarter 2024 Earnings Conference Call: DATE: Thursday, April 18, 2024TIME:7 a.m. CT / 8 a.m. ETPARTICIPANT DIAL-IN:(877) 484-6065 OR (201) 689-8846WEBCAST/PRESENTATION: The live audio webcast and presentation slides will be available on the Investor Relations Presentations and Events page on www.comerica.com. Comerica's presentation may include forward looking statements. REPLAY INFORMATION: A replay (accessible for at least 10 days) of the call is expected to be available approximately one hour after the live webcast on the Investor Relations Presentations and Events page on www.comerica.com.In addition, the conference presentation, financial results and earnings presentation will be furnished on Form 8-K filings that will be available on the Securities and Exchange Commission website at www.sec.gov. On each webcast, Comerica may discuss or disclose material business, financial or other information not contained in the conference presentation, financial results, earnings presentation, or in other prior disclosure.Story continuesComerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Commercial Bank, The Retail Bank and Wealth Management. This year, Comerica is celebrating 175 years of building relationships, helping people and businesses be successful, and serving its communities. Founded in 1849 in Detroit, Michigan, Comerica is one of the 25 largest commercial U.S. financial holding companies, providing more than 400 banking centers across the country with locations in Arizona, California, Florida, Michigan and Texas. Comerica continues to expand into new regions, including its Southeast Market, based in North Carolina, and Mountain West Market in Colorado. Comerica has offices in 17 states and services 14 of the 15 largest U.S. metropolitan areas, as well as Canada and Mexico. Comerica reported total assets of $85.8 billion as of Dec. 31, 2023. Learn more about how Comerica is raising expectations of what a bank can be by visiting www.comerica.com, and follow us on Facebook, X (formally known as Twitter), Instagram and LinkedIn.CisionView original content to download multimedia:https://www.prnewswire.com/news-releases/comerica-to-participate-in-2024-rbc-capital-markets-global-financial-institutions-conference-announces-details-for-conference-call-to-review-first-quarter-2024-earnings-302071595.htmlSOURCE Comerica Incorporated

PR Newswire

Comerica to Participate in 2024 RBC Capital Markets Global Financial Institutions Conference; Announces Details for Conference Call to Review First Quarter 2024 Earnings

https://finance.yahoo.com/news/comerica-participate-2024-rbc-capital-212500849.html

1aef4e71-2622-3479-8679-8645fc8b5f5d

CMA

Comerica Incorporated (NYSE:CMA) has announced that it will pay a dividend of $0.71 per share on the 1st of April. This means the annual payment is 5.7% of the current stock price, which is above the average for the industry. View our latest analysis for Comerica Comerica's Payment Expected To Have Solid Earnings CoverageImpressive dividend yields are good, but this doesn't matter much if the payments can't be sustained.Having distributed dividends for at least 10 years, Comerica has a long history of paying out a part of its earnings to shareholders. Past distributions do not necessarily guarantee future ones, but Comerica's payout ratio of 44% is a good sign as this means that earnings decently cover dividends.Looking forward, EPS is forecast to rise by 11.3% over the next 3 years. The future payout ratio could be 42% over that time period, according to analyst estimates, which is a good look for the future of the dividend.historic-dividendComerica Has A Solid Track RecordEven over a long history of paying dividends, the company's distributions have been remarkably stable. Since 2014, the dividend has gone from $0.68 total annually to $2.84. This means that it has been growing its distributions at 15% per annum over that time. Rapidly growing dividends for a long time is a very valuable feature for an income stock.Comerica May Find It Hard To Grow The DividendInvestors who have held shares in the company for the past few years will be happy with the dividend income they have received. Let's not jump to conclusions as things might not be as good as they appear on the surface. Over the past five years, it looks as though Comerica's EPS has declined at around 2.5% a year. If the company is making less over time, it naturally follows that it will also have to pay out less in dividends. It's not all bad news though, as the earnings are predicted to rise over the next 12 months - we would just be a bit cautious until this can turn into a longer term trend.Story continuesIn SummaryOverall, a consistent dividend is a good thing, and we think that Comerica has the ability to continue this into the future. While the payments look sustainable for now, earnings have been shrinking so the dividend could come under pressure in the future. This looks like it could be a good dividend stock going forward, but we would note that the payout ratio has been at higher levels in the past so it could happen again.Market movements attest to how highly valued a consistent dividend policy is compared to one which is more unpredictable. At the same time, there are other factors our readers should be conscious of before pouring capital into a stock. Without at least some growth in earnings per share over time, the dividend will eventually come under pressure either from competition or inflation. Businesses can change though, and we think it would make sense to see what analysts are forecasting for the company. Looking for more high-yielding dividend ideas? Try our collection of strong dividend payers.Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Simply Wall St.

Comerica (NYSE:CMA) Has Affirmed Its Dividend Of $0.71

https://finance.yahoo.com/news/comerica-nyse-cma-affirmed-dividend-182857800.html

3aa8686a-8e78-3b17-957b-b172e5e0bfb6

CMA

Readers hoping to buy Comerica Incorporated (NYSE:CMA) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. The ex-dividend date is usually set to be one business day before the record date which is the cut-off date on which you must be present on the company's books as a shareholder in order to receive the dividend. The ex-dividend date is an important date to be aware of as any purchase of the stock made on or after this date might mean a late settlement that doesn't show on the record date. Therefore, if you purchase Comerica's shares on or after the 14th of March, you won't be eligible to receive the dividend, when it is paid on the 1st of April.The company's next dividend payment will be US$0.71 per share, and in the last 12 months, the company paid a total of US$2.84 per share. Looking at the last 12 months of distributions, Comerica has a trailing yield of approximately 5.4% on its current stock price of US$52.69. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. So we need to investigate whether Comerica can afford its dividend, and if the dividend could grow. See our latest analysis for Comerica Dividends are typically paid out of company income, so if a company pays out more than it earned, its dividend is usually at a higher risk of being cut. Fortunately Comerica's payout ratio is modest, at just 44% of profit.Companies that pay out less in dividends than they earn in profits generally have more sustainable dividends. The lower the payout ratio, the more wiggle room the business has before it could be forced to cut the dividend.Click here to see the company's payout ratio, plus analyst estimates of its future dividends.historic-dividendHave Earnings And Dividends Been Growing?Businesses with shrinking earnings are tricky from a dividend perspective. If business enters a downturn and the dividend is cut, the company could see its value fall precipitously. So we're not too excited that Comerica's earnings are down 2.5% a year over the past five years.Story continuesThe main way most investors will assess a company's dividend prospects is by checking the historical rate of dividend growth. In the last 10 years, Comerica has lifted its dividend by approximately 15% a year on average.To Sum It UpHas Comerica got what it takes to maintain its dividend payments? Earnings per share have shrunk noticeably in recent years, although we like that the company has a low payout ratio. This could suggest a cut to the dividend may not be a major risk in the near future. We think there are likely better opportunities out there.Curious what other investors think of Comerica? See what analysts are forecasting, with this visualisation of its historical and future estimated earnings and cash flow.If you're in the market for strong dividend payers, we recommend checking our selection of top dividend stocks.Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Simply Wall St.

Four Days Left Until Comerica Incorporated (NYSE:CMA) Trades Ex-Dividend

https://finance.yahoo.com/news/four-days-left-until-comerica-133743184.html

dad93c51-47cb-3032-b05d-68967cd8c74d

CMCSA

When it comes to streaming, Warner Bros Discovery Inc (NASDAQ: WBD) reached profitability before its legacy media rivals such as The Walt Disney Corporation (NYSE: DIS), Comcast Corporation (NASDAQ: CMCSA) and Paramount Global (NASDAQ: PARA). However, with a slump in advertising revenue, Warner Bros missed both top and bottom-line estimates with its fourth quarter results. After the report, shares fell 12% in early trading on Friday.Fourth Quarter HighlightsFor the quarter that ended on December 31st, Warner Bros reported revenue of $10.28 billion that came short of LSEG’s estimate of $10.35 billion.Warner Bros made a fourth-quarter net loss of $400 million, or 16 cents per share, narrowing down its 2023’s comparable quarter loss of $2.1 billion, or 86 cents per share. Adjusted EBITDA dropped 5% YoY to $2.5 billion, with the drop attributed to the underperformance of studio revenue that was the result of the unforseen WGA and SAGAFTR strikes. Studio revenue tanked 17% to $3.17 billion.Excluding the impact of foreign currency exchange, Discovery reported a 14% decline in linear television advertising revenue with a 4% drop in actual distribution revenue.On a brighter note, Warner Bros Discovery ended 2023 with a 86% YoY rise in free cash flow that amounted to $6.16 billion. With the Olympic Games on this year’s repertoire, CFO Gunnar Wiedenfels is expecting another strong year of FCF but declined to provide an official guidance.Although Warner Bros still has $44.2 billion of gross debt, it paid off $12 billion of debt over the last two years.Warner Bros Made Streaming HistoryWarner Bros got ahead of the legendary Disney, Comcast and its NBCUniversal, as well as Paramount Global by reaching profitability on the streaming front. Max wrapped up 2023 by becoming profitable, with full-year adjusted EBITDA amounting to $103 million. This success is owed to dramatically lowered content spending.Story continuesAlthough Warner Bros expects Max another profitable full-year, it will be in for a loss during the first half of the year due to increased content spending. By the end of the year, Max’s advertising tier that is currently only available in the U.S., will expand to 40 international markets. Warner Bros guided for Max’s 2025 EBITDA of $1 billion for 2025.For the quarter, Max expanded its global direct-to-consumer subscribers to 97.7 million, which represents a 2% increase compared to the previous quarter.Disney+ reported 111.3 million core subscribers in the fourth quarter, as it lost 1.3 million subscribers due to price hikes. But Disney, the preeminent creator of entertainment content on the planet, is merely claiming it's on track to become profitable by the end of this fiscal year.NBCUniversal, that Comcast presents as a more creator-friendly studio for filmmakers and talent compared to its rivals, also still hasn’t reach profitability. Its flagship streaming offering, Peacock recorded revenue beyond $1 billion for the first time during the fourth quarter that ended on December 31st. Comcast reported Peacock’s revenue rose 57% to $1.03 billion as it added 3 million subscribers, but although it narrowed its losses, it still ended up with an adjusted loss of $825 million. Meanwhile, Paramount began the year with the announced layoffs that include about 800 of its U.S. staff. Returning to earnings growth this year is a priority for Paramount that also tweaked its content strategy. Paramount is hoping to join Warner Bros on the profitable side by focusing on Hollywood hits and producing fewer local and international original content.Warner Bros Discovery told a remarkable turnaround story in the streaming kingdom.It is no overstatement to say that Warner Bros did a great job not only in navigating the challenges of the highly competitive streaming arena but also in setting the course for a profitable future. 2023 was undoubtably a hell of a year for media entertainment companies that suffered huge setbacks from the strikes. But it also brought a remarkable story of Warner Bros Discovery’s journey from financial hardship to being the first to reach profitability in a constantly evolving landscape.DISCLAIMER: This content is for informational purposes only. It is not intended as investing advice.This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy."ACTIVE INVESTORS' SECRET WEAPON" Supercharge Your Stock Market Game with the #1 "news & everything else" trading tool: Benzinga Pro - Click here to start Your 14-Day Trial Now!Get the latest stock analysis from Benzinga?This article Warner Bros Discovery Pulled Off An Impressive Turnaround In The Streaming Arena originally appeared on Benzinga.com© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Benzinga

Warner Bros Discovery Pulled Off An Impressive Turnaround In The Streaming Arena

https://finance.yahoo.com/news/warner-bros-discovery-pulled-off-194641390.html

331c50a2-8480-3ff4-8331-f33ddc1c34fe

CMCSA

PHILADELPHIA, February 26, 2024--(BUSINESS WIRE)--Comcast Corporation (Nasdaq: CMCSA) announced that on Wednesday, March 6, 2024, Jason Armstrong, Chief Financial Officer of Comcast Corporation, will participate in the Morgan Stanley Technology, Media & Telecom Conference.A live webcast of the event will be available on the Company's Investor Relations website at www.cmcsa.com on Wednesday, March 6, 2024, at 11:45 A.M. Eastern Time. An on-demand replay will be available shortly after the conclusion of the presentation.To automatically receive Comcast financial news by e-mail, please visit www.cmcsa.com and subscribe to E-mail Alerts.About Comcast CorporationComcast Corporation (Nasdaq: CMCSA) is a global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, our businesses reach hundreds of millions of customers, viewers, and guests worldwide. We deliver world-class broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produce, distribute, and stream leading entertainment, sports, and news through brands including NBC, Telemundo, Universal, Peacock, and Sky; and bring incredible theme parks and attractions to life through Universal Destinations & Experiences. Visit www.comcastcorporation.com for more information.View source version on businesswire.com: https://www.businesswire.com/news/home/20240226388424/en/ContactsInvestor Contacts: Marci Ryvicker (215) 286-4781Jane Kearns (215) 286-4794Marc Kaplan (215) 286-6527Press Contacts: Jennifer Khoury (215) 286-7408John Demming (215) 286-8011

Business Wire

Comcast to Participate in Morgan Stanley Investor Conference

https://finance.yahoo.com/news/comcast-participate-morgan-stanley-investor-150000637.html

4b745088-7ec7-3d7a-89d4-5f1ac317a033

CMCSA

Network Expansion Continues to Deliver Fast, Reliable Internet and MorePOLAND TOWNSHIP, Ohio, March 11, 2024--(BUSINESS WIRE)--Comcast today announced it is expanding its fast, reliable fiber-rich network to more than 17,000 homes and businesses in Mahoning County in Eastern Ohio. Construction is ongoing in Poland Township and Poland Village and will begin in Boardman Township and the City of Struthers later this year. The full project will be complete in 2025 and residents will begin to have access to Comcast’s full suite of services this spring."The expansion of the Xfinity network in Mahoning County is part of our commitment to connecting residents to fast, reliable Internet," said Ricky Frazier Jr., Senior Vice President for Comcast’s Keystone Region. "We’re proud to offer residents additional Internet and entertainment options for their personal, professional, and everyday lives."Residents and businesses can visit Xfinity.com/MyTown and enter their addresses for additional details on construction timing and upcoming service availability. They can also visit their local Xfinity store at 216 Chippewa Town Center, Beaver Falls, PA 15010.In addition to Mahoning County, Comcast currently serves customers in more than 65 municipalities in Ohio including areas within Belmont, Columbiana, Harrison, and Jefferson Counties. Comcast also has a Lift Zone at The Bay Six Project located at 618 Commercial Street, Mingo Junction, OH 43938. Lift Zones are part of Project UP, Comcast’s $1 billion commitment to advance digital equity through programs and community partnerships that connect people to the Internet, advance economic mobility, and open doors for the next generation of innovators, entrepreneurs, storytellers, and creators.Powered by XfinityComcast’s network and Internet experience are powering homes today and into the future.Ultimate Capacity: Xfinity customers connect more than 1 billion devices across the company’s network annually. With the next-generation Xfinity gateways we deliver the most advanced WiFi technology carrying three times more bandwidth to power streaming, gaming, videoconferencing, and more, simultaneously.Fastest Internet: More than a third of Xfinity Internet customers subscribe to gigabit speed products. Recently Comcast connected the first customers in the world to a DOCSIS 4.0 connection, delivering symmetrical gig speeds over existing connections in customers’ homes with plans to continue to rollout these speeds across the country over the coming years.Unprecedented Coverage: The latest Xfinity Gateway provides a more reliable connection throughout the home. Customers can get wall-to-wall WiFi coverage with a powerful WiFi Boost Pod that extends coverage to hard-to-reach areas of the home.Most Reliable Connection: Comcast is scaling the nation’s largest and most reliable network that passes 62 million homes and business and counting. The company launched Storm-Ready WiFi, a new device that comes powered with cellular and battery backup to help keep customers connected even when the power goes out.Ultra-Low Latency: The Xfinity network and the latest Xfinity Gateway are a powerful combination that deliver ultra-low latency for those moments when response times matter most like video games, a fast-growing category with Xfinity households averaging more than one gaming console per home.Story continuesTo learn more about Comcast’s commitment and contribution to bringing Internet access to all Americans, especially residents and businesses in underserved and unserved locations, visit ComcastCorporation.com/broadband-partnerships.About Comcast CorporationComcast Corporation (Nasdaq: CMCSA) is a global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, our businesses reach hundreds of millions of customers, viewers, and guests worldwide. We deliver world-class broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produce, distribute, and stream leading entertainment, sports, and news through brands including NBC, Telemundo, Universal, Peacock, and Sky; and bring incredible theme parks and attractions to life through Universal Destinations & Experiences. Visit www.comcastcorporation.com for more information.View source version on businesswire.com: https://www.businesswire.com/news/home/20240310918037/en/ContactsMedia: Meredith [email protected] 412-699-1509

Business Wire

Comcast Makes Major Investment in Eastern Ohio Expanding to More than 17,000 Additional Homes and Businesses in Mahoning County

https://finance.yahoo.com/news/comcast-makes-major-investment-eastern-153500308.html

e11b6161-310a-341c-9eaa-005c39396b1a

CMCSA

NORTHAMPTON, MA / ACCESSWIRE / March 11, 2024 / Comcast CorporationBy Dalila Wilson-ScottThe power of community-centered solutions to create a more digitally inclusive world was on full display at the Net Inclusion 2024 conference in Philadelphia last month. Hosted by the National Digital Inclusion Alliance (NDIA), this year's event was the largest to date - bringing together more than 1,300 leaders who share our vision of helping more people gain access to the Internet, technology, and skills needed to thrive in a digital economy."Now more than ever, public and private partnerships are critical to equitable access and use of technology," said Angela Siefer, Executive Director, NDIA.We're proud to have partnered with Comcast to be able to showcase innovative cross-sector models of digital inclusion at this year's conference.ANGELA SIEFERExecutive Director, NDIACommitted to Digital Innovation in PhiladelphiaAs I reflect on the conference, I can think of no better city than our hometown to host a gathering of leaders, practitioners, and policymakers who are working to make our communities better for us all through digital equity. That's why NDIA recognized Philadelphia as a Digital Inclusion Trailblazer in 2023, an award given to municipal, county, and regional governments that are providing excellent models for digitally inclusive communities.What stood out to me during the conference was how Philadelphia Mayor Cherelle Parker acutely captured the spirit of this work and what it can accomplish for communities."I made a commitment last year to make Philadelphia the safest, cleanest, greenest big city in the nation with access to economic opportunity for all," she said. "You do that by closing the gap between the haves and the have-nots."You can't put people on a path to self-sufficiency, without digital inclusion.CHERELLE PARKERPhiladelphia MayorInvesting in Our Communities through Project UPWith 92 percent of jobs available today requiring digital skills, it's clear that digital inclusion is essential for a stronger, more equitable tomorrow.Story continuesThat's a future Comcast has long been committed to. For over a decade, we've been developing programs and partnerships to ensure the most marginalized groups are connected to the Internet - reaching millions of people nationally.And we've accelerated our commitment through Project UP, our $1 billion digital equity and economic mobility initiative that is opening doors for the next generation of innovators, entrepreneurs, storytellers, and creators.Spotlight on Community Partners and the Power of Aligned ActionEveryone at Net Inclusion recognized that creating more economic opportunity is not something any one company or organization can do alone. In order to advance digital equity, we must invest in partnerships with organizations that are embedded in our communities.Our Project UP partners are able to deliver real impact because they have a unique set of superpowers: community expertise, relationships, and trust.We were proud to share the Net Inclusion stage with five of those partners - SERJobs, Community College of Baltimore County, LGBT Tech, Raising Expectations and United Way of Greater Philadelphia and Southern New Jersey - who deploy a full range of services to advance digital equity in their respective communities. This is done through Digital Navigators - trusted individuals trained to help get more people connected. Some of the wisdom and impact that our partners shared included:Sheroo Mukhtiar, CEO, SERJobs"Our digital navigation program leverages technology, training and connectivity to empower individuals and families so that they too can have equal and timely access to much-needed information, resources, and opportunities. In 2023, our ambitious goal for the program was to reach 1,600 families. With the dedication and commitment of our two incredible navigators, we served 5,230 families in the greater Houston area in 12 months."Ke'ra Thomas, Program Coordinator, Community College of Baltimore County"My mission is to be an ambassador for affordable broadband. We want more families, regardless of age, background, or circumstances to get connected to the Internet at home and learn the digital skills to navigate in today's world. In less than a year, we hired 11 digital navigators and reached 4,000 students and community members."Arin Rook, Digital Navigator, LGBT Tech"I want to share one important, overarching recommendation that we believe is critical to ensuring that all digital equity initiatives are fully inclusive of all communities. And that is that proactive, intentional, and meaningful inclusion of Queer and Trans experiences is key. We must include those communities in our work to ensure that programs fit the needs of the community."This last takeaway, the notion of tailoring solutions to specific challenges is one that was repeated throughout the three-day conference. And it's a powerful reminder that we must work intentionally and collectively with our communities to make our shared vision of digital equity a reality.Whether this critical work takes the form of digital navigators building trust and connecting households to the Internet, or comes from policymakers leveraging BEAD and Digital Equity Act funding to advance broadband adoption and deployment, or is propelled by our collective voices calling on Congress to reauthorize the Affordable Connectivity Program (ACP) - Net Inclusion offered a space for us to come together to build new bonds and to focus on aligned action.Dalila Wilson-Scott is Executive Vice President and Chief Diversity Officer for Comcast Corporation and President of the Comcast NBCUniversal Foundation.View additional multimedia and more ESG storytelling from Comcast Corporation on 3blmedia.com.Contact Info:Spokesperson: Comcast CorporationWebsite: https://www.3blmedia.com/profiles/comcast-corporation Email: [email protected]: Comcast CorporationView the original press release on accesswire.com

ACCESSWIRE

Recommitting to Digital Inclusion in Philadelphia and Beyond

https://finance.yahoo.com/news/recommitting-digital-inclusion-philadelphia-beyond-171500307.html

a65be3f7-e471-3304-80f5-d13ca817a368

CMCSA

Investment will support digital skills training programs, add Wi-Fi connected “Lift Zones” and help thousands of peopleHouston, TX --News Direct-- Comcast TexasHOUSTON, TX (March 12, 2024) – Comcast Texas, the Houston area's largest internet service provider, will commit more than $1 million to shrink the local digital divide this year by supporting digital skills training programs, adding more Wi-Fi connected Lift Zones and providing grants to dozens of organizations that help thousands of people. The investment is part of Comcast’s Project UP – a comprehensive $1 billion initiative to advance digital opportunities across the nation and help build a future of unlimited possibilities.Digital Skills in the WorkforceOver 90% of jobs available today require digital skills, yet nearly one-third of U.S. workers lack opportunities to build these skills. In 2024, Comcast Texas will continue to fund programs that teach the tech skills needed to land a job and stay competitive in the changing marketplace.Expanding WiFi-Connected Lift Zones and ProgrammingLift Zones are spaces in neighborhood community centers that provide free Internet access for students and families. In 2024, Comcast Texas will activate a number of new Lift Zones in the surrounding Houston area. There are 53 Lift Zones that serve southeast Texas students and families. In addition to new Lift Zones, additional programming will be added to locations that focus on skills and workforce development.Connectivity & Adoption GrantsConnectivity programs give individuals, families and community partners the right tools and resources to take advantage of the Internet. Adoption programs teach the skills needed to increase competency and confidence in technology to use it proficiently. In 2024, Comcast Texas will provide hundreds of thousands of dollars in grants to fund connectivity and adoption programs.“This investment in our communities will literally change generations of southeast Texas families,” said Jose Espinel, Comcast Texas’ Regional Senior Vice President. “Everyone deserves a chance to participate in the digital economy. You can’t do that without the resources and skills to use the Internet. Our commitment will ensure that people from all backgrounds can connect to the moments that matter most.”Story continuesComcast Texas’ 2024 grant funding and other support to local organizations will be announced throughout the year. Additional support will be considered for local organizations that raise awareness about connectivity programs like Internet Essentials, a low-cost, high-speed Internet plan for qualifying households ($9.95/mo for up to 50 Mbps, or $29.95/mo for up to 100 Mbps). Internet Essentials also provides low-cost computers, free WiFi hotspots, and free internet training.About Comcast Corporation: Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, our businesses reach hundreds of millions of customers, viewers, and guests worldwide. We deliver world-class broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produce, distribute, and stream leading entertainment, sports, and news through brands including NBC, Telemundo, Universal, Peacock, and Sky; and bring incredible theme parks and attractions to life through Universal Destinations & Experiences. Visit www.comcastcorporation.com for more information.About Project UP: Project UP is Comcast Corporation’s comprehensive initiative to advance digital equity and help build a future of unlimited possibilities. Backed by a $1 billion commitment to reach tens of millions of people, Project UP encompasses the programs and community partnerships across Comcast, NBCUniversal, and Sky that connect people to the Internet, advance economic mobility, and open doors for the next generation of innovators, entrepreneurs, storytellers, and creators.Contact DetailsIlona Carson+1 [email protected] Websitehttps://houston.comcast.com/View source version on newsdirect.com: https://newsdirect.com/news/comcast-texas-commits-more-than-1m-to-shrink-local-digital-divide-in-2024-649012439

News Direct

Comcast Texas Commits More Than $1M to Shrink Local Digital Divide in 2024

https://finance.yahoo.com/news/comcast-texas-commits-more-1m-211505474.html

990dbe2a-c377-30c4-9699-52779c6a8d3e

CME

CHICAGO, Feb. 20, 2024 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that nine market participants have cleared over-the-counter (OTC) Mexican Overnight Funding Rate (F-TIIE) index swaps since the company launched its clearing service on February 5. The cleared F-TIIE overnight index swaps (OIS) represent more than 4.3 billion pesos (the equivalent of $250 million) in notional value and support Banco de México's transition from its benchmark Interbank Equilibrium Interest Rate (TIIE) to the F-TIIE rate.Market participants who have already cleared these swaps through CME Group include Banorte, BBVA, Goldman Sachs, HSBC, J.P. Morgan, Morgan Stanley, and Santander. "Our new swaps clearing service provides critical infrastructure for clients navigating the F-TIIE benchmark transition," said Agha Mirza, CME Group Global Head of Rates and OTC Products. "Looking forward, we will continue to work to deliver capital efficiencies to market participants to help advance the development of Mexico's derivatives marketplace.""Banco de México is fully committed to the development of financial instruments linked to Funding TIIE (F-TIIE)," said Gerardo Garcia, General Director of Central Bank Operations at Banco de México. "In this sense, the launch by CME Group of the OIS contracts linked to F-TIIE is a milestone for market development and undoubtedly speeds up and facilitates the transition towards the prevalent use of this rate as the main reference rate in Mexican pesos.""The transition to risk-free-rates has picked up pace, and the market's ability to risk manage exposures linked to Banco de México's TIIE de Fondeo Rate is another important step on that journey," said Tony Evangelista, Executive Director, LatAm Trading at J.P. Morgan. "J.P. Morgan is delighted to be one of the first participants to clear F-TIIE OIS instruments at CME Group, and we look forward to the market's continued development."Story continues"The successful launch of F-TIIE OIS clearing by CME Group marks a significant milestone in Mexico's transition to a risk-free rate," said Manuel Meza, Head of Global Markets at BBVA Mexico. "As a commercial bank, we are excited to see continued developments in this transition in order to best serve our customers."In addition to clearing F-TIIE index swaps, CME Group offers F-TIIE futures, which trade alongside SOFR futures and MXN/USD FX futures, providing a comprehensive hedging solution for the short end of the Mexican interest rate curve.For more information on clearing F-TIIE index swaps at CME Group, please visit https://www.cmegroup.com/articles/2023/transition-from-28d-tiie-to-tiie-de-fondeo-f-tiie-for-cleared-mxn-interest-rate-swaps.html.As the world's leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals.  The company offers futures and options on futures trading through the CME Globex platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform.  In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing.CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and E-mini are trademarks of Chicago Mercantile Exchange Inc.  CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc.  NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc.  COMEX is a trademark of Commodity Exchange, Inc. BrokerTec is a trademark of BrokerTec Americas LLC and EBS is a trademark of EBS Group LTD. The S&P 500 Index is a product of S&P Dow Jones Indices LLC ("S&P DJI"). "S&P®", "S&P 500®", "SPY®", "SPX®", US 500 and The 500 are trademarks of Standard & Poor's Financial Services LLC; Dow Jones®, DJIA® and Dow Jones Industrial Average are service and/or trademarks of Dow Jones Trademark Holdings LLC. These trademarks have been licensed for use by Chicago Mercantile Exchange Inc. Futures contracts based on the S&P 500 Index are not sponsored, endorsed, marketed, or promoted by S&P DJI, and S&P DJI makes no representation regarding the advisability of investing in such products. All other trademarks are the property of their respective owners.CME-GCisionView original content:https://www.prnewswire.com/news-releases/cme-group-launches-clearing-service-for-mexican-f-tiie-overnight-index-swaps-302066218.htmlSOURCE CME Group

PR Newswire

CME Group Launches Clearing Service for Mexican F-TIIE Overnight Index Swaps

https://finance.yahoo.com/news/cme-group-launches-clearing-mexican-153000862.html

0bda10ae-dc0a-323a-96a2-0b2ac4447a60

CME

CME Group Inc. (NASDAQ:CME) will pay a dividend of $1.15 on the 26th of March. This will take the dividend yield to an attractive 4.5%, providing a nice boost to shareholder returns. View our latest analysis for CME Group CME Group Is Paying Out More Than It Is EarningWhile it is great to have a strong dividend yield, we should also consider whether the payment is sustainable. Prior to this announcement, CME Group's dividend was only 49% of earnings, however it was paying out 107% of free cash flows. This signals that the company is more focused on returning cash flow to shareholders, but it could mean that the dividend is exposed to cuts in the future.Over the next year, EPS is forecast to expand by 8.4%. Assuming the dividend continues along recent trends, we think the payout ratio could reach 109%, which probably can't continue without putting some pressure on the balance sheet.historic-dividendDividend VolatilityAlthough the company has a long dividend history, it has been cut at least once in the last 10 years. The annual payment during the last 10 years was $1.80 in 2014, and the most recent fiscal year payment was $9.85. This implies that the company grew its distributions at a yearly rate of about 19% over that duration. Despite the rapid growth in the dividend over the past number of years, we have seen the payments go down the past as well, so that makes us cautious.CME Group Could Grow Its DividendGiven that the dividend has been cut in the past, we need to check if earnings are growing and if that might lead to stronger dividends in the future. It's encouraging to see that CME Group has been growing its earnings per share at 9.4% a year over the past five years. The lack of cash flows does make us a bit cautious though, especially when it comes to the future of the dividend.In SummaryOverall, this is probably not a great income stock, even though the dividend is being raised at the moment. While CME Group is earning enough to cover the payments, the cash flows are lacking. We don't think CME Group is a great stock to add to your portfolio if income is your focus.Market movements attest to how highly valued a consistent dividend policy is compared to one which is more unpredictable. Meanwhile, despite the importance of dividend payments, they are not the only factors our readers should know when assessing a company. Taking the debate a bit further, we've identified 2 warning signs for CME Group that investors need to be conscious of moving forward. Looking for more high-yielding dividend ideas? Try our collection of strong dividend payers.Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Simply Wall St.

CME Group's (NASDAQ:CME) Dividend Will Be $1.15

https://finance.yahoo.com/news/cme-groups-nasdaq-cme-dividend-123902000.html

42641c2c-2af8-3431-9479-6dab1a4fdfb5

CME

The notional open interest in CME’s bitcoin futures has risen past the $10 billion market for the first time.CME's futures market is now bigger than the market cap of litecoin, bitcoin cash and other top 25 cryptocurrencies.The Chicago Mercantile Exchange’s (CME) bitcoin {{BTC}} futures market is busier than ever.On Friday, a record 28,899 standard futures contracts were open or active on the CME. That amounts to a notional open interest of $10.3 billion at bitcoin’s going market rate of around $71,500. The standard contract, sized at 5 BTC, is widely considered a proxy for institutional activity.Meanwhile, open interest in micro futures, sized at one-tenth of 1 BTC, stood at 38,283, which equates to $273 million in notional terms.The combined open interest of over $10 billion is twice as large as the peak of $5.2 billion registered during the 2021 bull market and bigger than the market capitalization of several top 25 cryptocurrencies like litecoin, bitcoin cash, and others.Bitcoin: open interest in CME's standard futures contracts. (CME)An uptick in open interest alongside a price rise is said to confirm the uptrend. Bitcoin has rallied 70% this year and the bullish mood is also evident from the 15% annualized premium in futures relative to spot prices.CME's regulated and cash-settled futures have long been a preferred venue for institutions and other market participants looking to gain exposure to cryptocurrency without owning it. Besides, authorized participants tied to U.S.-listed spot exchange-traded funds (ETFs) likely trade CME futures or CME futures-based ETFs to hedge their risks.The CFTC-regulated exchange steadily climbed ranks last year to become the world's largest futures exchange in a pattern reminiscent of the 2020-21 bull run.

CoinDesk

Bitcoin CME Futures' Open Interest Reaches Record High of $10B

https://finance.yahoo.com/news/bitcoin-cme-futures-open-interest-121544132.html

ebfced09-2121-31be-bdf6-061690dd4071