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FTNT

Fortinet (FTNT) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this network security company have returned +2.3% over the past month versus the Zacks S&P 500 composite's +4.7% change. The Zacks Internet - Software industry, to which Fortinet belongs, has gained 11.1% over this period. Now the key question is: Where could the stock be headed in the near term?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 RevisionsHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.Fortinet is expected to post earnings of $0.38 per share for the current quarter, representing a year-over-year change of +11.8%. Over the last 30 days, the Zacks Consensus Estimate has changed +4.4%.For the current fiscal year, the consensus earnings estimate of $1.69 points to a change of +3.7% from the prior year. Over the last 30 days, this estimate has changed +2.9%.Story continuesFor the next fiscal year, the consensus earnings estimate of $1.90 indicates a change of +12.4% from what Fortinet is expected to report a year ago. Over the past month, the estimate has changed -1.3%.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 Fortinet.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 Fortinet, the consensus sales estimate for the current quarter of $1.33 billion indicates a year-over-year change of +5.8%. For the current and next fiscal years, $5.77 billion and $6.54 billion estimates indicate +8.9% and +13.3% changes, respectively.Last Reported Results and Surprise HistoryFortinet reported revenues of $1.42 billion in the last reported quarter, representing a year-over-year change of +10.3%. EPS of $0.51 for the same period compares with $0.44 a year ago.Compared to the Zacks Consensus Estimate of $1.41 billion, the reported revenues represent a surprise of +0.33%. The EPS surprise was +18.6%.The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates two times over this period.ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.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.Fortinet 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 Fortinet. 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 reportFortinet, Inc. (FTNT) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Here is What to Know Beyond Why Fortinet, Inc. (FTNT) is a Trending Stock

https://finance.yahoo.com/news/know-beyond-why-fortinet-inc-140013358.html

7a16088b-695e-3aaf-9baf-4353e0033e96

FTNT

Fortinet, Inc.Fortinet delivers a range of secure and integrated WLAN/LAN solutions, such as data center, smart campus, cyber physical, SD-Branch, microbranch with SASE, and hybrid workforce environmentsSUNNYVALE, Calif., March 11, 2024 (GLOBE NEWSWIRE) --John Maddison, Chief Marketing Officer at Fortinet“The industry is finally realizing that networking and security need to be converged. Traditional networking products try and bolt security on top; Fortinet builds secure WLAN/LAN products with security built in from the ground up. Even with thin edge applications, we’ve integrated our cloud-based security, FortiSASE, to drive seamless, secure connectivity. Further, we are heavily investing in AIOps to reduce operational friction and improve digital experience.”News Summary Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced it has been recognized as a Leader in the 2024 Gartner Magic Quadrant for Enterprise Wired and Wireless LAN Infrastructure.Fortinet believes that this recognition can be attributed to the strength of its Secure Connectivity portfolio—including wired and wireless LAN—which integrates seamlessly with the Fortinet Security Fabric, Fortinet’s unified networking and cybersecurity platform. Fortinet’s unique approach enables the convergence of networking and security, allowing organizations to address increased risk in their environment while reducing complexities, lowering costs, and improving overall performance.AI-Driven Secure Connectivity Solutions Managed through a Single PlatformAs networks become increasingly distributed, organizations need to extend security across their entire network while simplifying operations and improving end-user experiences. Fortinet provides advanced wired and wireless LAN solutions that converge networking and security, offering customers:Industry-leading LAN with a strong focus on security: More organizations now view security as a business risk, and the need for a secure, easy-to-manage LAN solution is more vital than ever to support daily operations. Customers can integrate their wired and wireless LAN into the Fortinet Security Fabric platform through a common operating system, FortiOS. This integration enables increased visibility and control of both network and security functions while reducing management and licensing overhead. Leveraging network firewall visibility and control enables Fortinet to offer a more robust wired and wireless LAN without the additional cost. The benefits of Secure Connectivity are evident across deployments of all sizes, including our microbranch solution, which allows FortiAP access points to serve as an endpoint for Unified SASE, SD-Branch, campuses, OT environments, and data centers.Streamlined management capabilities: Through the Fortinet Security Fabric platform, organizations can leverage zero-touch deployment to quickly turn on both security and networking functionality. Organizations can manage and troubleshoot the network, security, and even SD-WAN functionality through a single console, available on-premises or in the cloud. Fortinet’s intuitive architecture also includes numerous built-in security and management features, eliminating the need for organizations to adopt additional licenses and subscriptions to manage disparate solution components such as access points and switches.AI-driven insights to create efficiencies and deliver superior experiences: Fortinet’s dedicated AI operations module, FortiAIOps, enables administrators to easily baseline network performance, view and analyze trends, and access and implement recommendations to strengthen the performance and resilience of the network. The AI engine also offers event correlation and issue remediation across the organization’s entire network, leveraging data feeds from each solution connected to the Fortinet Security Fabric platform.Support for microbranches: FortiAP uniquely integrates with FortiSASE to provide organizations with easy access to unparalleled cloud-delivered security and performance. This integration is ideal to support microbranch use cases. Combined with digital experience monitoring, Fortinet’s solution delivers converged access to support today’s hybrid workforce.Story continuesThese capabilities are all made possible using a single operating system, FortiOS, to develop, manage, and operate both networking and security solutions through the Fortinet Security Fabric.Additional ResourcesDownload the report for more information about the 2024 Gartner® Magic Quadrant™ for Enterprise Wired and Wireless LAN Infrastructure.Read about how Fortinet customers are securing their organizations.Learn about Fortinet’s free cybersecurity training, which includes broad cyber awareness and product training. As part of the Fortinet Training Advancement Agenda (TAA), the Fortinet Training Institute also provides training and certification through the Network Security Expert (NSE) Certification, Academic Partner, and Education Outreach programs.Learn about FortiGuard Labs threat intelligence and research and outbreak alerts, which provide timely steps to mitigate breaking cybersecurity attacks.Follow Fortinet on Twitter, LinkedIn, Facebook, and Instagram. Subscribe to Fortinet on our blog or YouTube.GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates and is used herein with permission. All rights reserved.Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.Gartner, Magic Quadrant for Enterprise Wired and Wireless LAN Infrastructure, By Tim Zimmerman, Christian Canales, Nauman Raja, Mike Leibovitz, 6 March 2024About FortinetFortinet (NASDAQ: FTNT) is a driving force in the evolution of cybersecurity and the convergence of networking and security. Our mission is to secure people, devices, and data everywhere, and today we deliver cybersecurity everywhere you need it with the largest integrated portfolio of over 50 enterprise-grade products. Well over half a million customers trust Fortinet's solutions, which are among the most deployed, most patented, and most validated in the industry. The Fortinet Training Institute, one of the largest and broadest training programs in the industry, is dedicated to making cybersecurity training and new career opportunities available to everyone. FortiGuard Labs, Fortinet’s elite threat intelligence and research organization, develops and utilizes leading-edge machine learning and AI technologies to provide customers with timely and consistently top-rated protection and actionable threat intelligence. Learn more at https://www.fortinet.com, the Fortinet Blog, and FortiGuard Labs.Copyright © 2024 Fortinet, Inc. All rights reserved. The symbols ® and ™ denote respectively federally registered trademarks and common law trademarks of Fortinet, Inc., its subsidiaries and affiliates. Fortinet’s trademarks include, but are not limited to, the following: Fortinet, the Fortinet logo, FortiGate, FortiOS, FortiGuard, FortiCare, FortiAnalyzer, FortiManager, FortiASIC, FortiClient, FortiCloud, FortiMail, FortiSandbox, FortiADC, FortiAI, FortiAIOps, FortiAntenna, FortiAP, FortiAPCam, FortiAuthenticator, FortiCache, FortiCall, FortiCam, FortiCamera, FortiCarrier, FortiCASB, FortiCentral, FortiConnect, FortiController, FortiConverter, FortiCWP, FortiDB, FortiDDoS, FortiDeceptor, FortiDeploy, FortiDevSec, FortiEdge, FortiEDR, FortiExplorer, FortiExtender, FortiFirewall, FortiFone, FortiGSLB, FortiHypervisor, FortiInsight, FortiIsolator, FortiLAN, FortiLink, FortiMoM, FortiMonitor, FortiNAC, FortiNDR, FortiPenTest, FortiPhish, FortiPlanner, FortiPolicy, FortiPortal, FortiPresence, FortiProxy, FortiRecon, FortiRecorder, FortiSASE, FortiSDNConnector, FortiSIEM, FortiSMS, FortiSOAR, FortiSwitch, FortiTester, FortiToken, FortiTrust, FortiVoice, FortiWAN, FortiWeb, FortiWiFi, FortiWLC, FortiWLM and FortiXDR. Other trademarks belong to their respective owners. Fortinet has not independently verified statements or certifications herein attributed to third parties and Fortinet does not independently endorse such statements. Notwithstanding anything to the contrary herein, nothing herein constitutes a warranty, guarantee, contract, binding specification or other binding commitment by Fortinet or any indication of intent related to a binding commitment, and performance and other specification information herein may be unique to certain environments.Media Contact:Investor Contact:Analyst Contact:Elena Fuhrmann Fortinet, Inc.408-235-7700 [email protected] SalkowskiFortinet, Inc. [email protected] Greenberg Fortinet, [email protected]

GlobeNewswire

Fortinet Recognized as a Leader in the 2024 Gartner® Magic Quadrant™ for Enterprise Wired and Wireless LAN Infrastructure

https://finance.yahoo.com/news/fortinet-recognized-leader-2024-gartner-151500723.html

8bad280f-44f3-36ff-9deb-d9d451b33e91

FTNT

Fortinet (FTNT) closed the most recent trading day at $71.46, moving +0.15% from the previous trading session. The stock's change was more than the S&P 500's daily loss of 0.11%. At the same time, the Dow added 0.12%, and the tech-heavy Nasdaq lost 0.41%.Shares of the network security company witnessed a gain of 1.29% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 1.42% and the S&P 500's gain of 2.7%.Investors will be eagerly watching for the performance of Fortinet in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.38, marking a 11.76% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $1.33 billion, indicating a 5.73% upward movement from the same quarter last year.For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.69 per share and a revenue of $5.77 billion, signifying shifts of +3.68% and +8.77%, respectively, from the last year.It is also important to note the recent changes to analyst estimates for Fortinet. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.Empirical research indicates that these revisions in estimates have a direct correlation with impending 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.17% increase. Currently, Fortinet is carrying a Zacks Rank of #3 (Hold).Story continuesWith respect to valuation, Fortinet is currently being traded at a Forward P/E ratio of 42.25. This represents a premium compared to its industry's average Forward P/E of 30.67.Also, we should mention that FTNT has a PEG ratio of 2.61. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Internet - Software industry had an average PEG ratio of 1.81 as trading concluded yesterday.The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 48, putting it in the top 20% of all 250+ industries.The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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 reportFortinet, Inc. (FTNT) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Why the Market Dipped But Fortinet (FTNT) Gained Today

https://finance.yahoo.com/news/why-market-dipped-fortinet-ftnt-214517790.html

f4f9a3f7-418e-3bcd-9c0a-5d0812953b89

FTV

EVERETT, Wash., February 09, 2024--(BUSINESS WIRE)--Fortive Corporation ("Fortive") (NYSE: FTV) today announced that President and Chief Executive Officer, James A. Lico will be presenting at the Citi Global Industrial Tech and Mobility Conference on Thursday, February 22nd, 2024 at 10:30 a.m. ET. The audio will be simultaneously webcast and will be archived on www.fortive.com.ABOUT FORTIVEFortive is a provider of essential technologies for connected workflow solutions across a range of attractive end-markets. Fortive’s strategic segments - Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions - include well-known brands with leading positions in their markets. The company’s businesses design, develop, service, manufacture, and market professional and engineered products, software, and services, building upon leading brand names, innovative technologies, and significant market positions. Fortive is headquartered in Everett, Washington and employs a team of more than 18,000 research and development, manufacturing, sales, distribution, service and administrative employees in more than 50 countries around the world. With a culture rooted in continuous improvement, the core of our company’s operating model is the Fortive Business System. For more information please visit: www.fortive.com.View source version on businesswire.com: https://www.businesswire.com/news/home/20240209636995/en/ContactsElena RosmanVice President, Investor RelationsFortive Corporation6920 Seaway BoulevardEverett, WA 98203Telephone: (425) 446-5000

Business Wire

Fortive to Present at the Citi Global Industrial Tech and Mobility Conference

https://finance.yahoo.com/news/fortive-present-citi-global-industrial-211500563.html

7b970786-e19f-3119-a25a-bf5986e0b820

FTV

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.Is This 1 Momentum Stock a Screaming Buy Right Now?Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.Fortive (FTV)Headquartered in Everett, WA, Fortive Corporation is a diversified industrial growth company. It provides essential technologies for connected workflow solutions on a global basis.FTV is a Zacks Rank #2 (Buy) stock, with a Momentum Style Score of A and VGM Score of B. Shares are up 1.1% over the past one week and up 15.7% over the past four weeks. FTV has gained 20.2% in the last one-year period as well. Looking at trading volume, an average of 2,021,285.25 shares exchanged hands over the last 20 trading days.A company's earnings performance is important for momentum investors as well. For fiscal 2024, five analysts revised their earnings estimate higher in the last 60 days for FTV, while the Zacks Consensus Estimate has increased $0.15 to $3.78 per share. FTV also boasts an average earnings surprise of 3%.Investors should take the time to consider FTV for their portfolios due to its solid Zacks Ranks, notable earnings metrics, and impressive Momentum and VGM Style Scores.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 reportStory continuesFortive Corporation (FTV) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Why This 1 Momentum Stock Could Be a Great Addition to Your Portfolio

https://finance.yahoo.com/news/why-1-momentum-stock-could-145007275.html

60e236af-9515-38c2-a520-e7aa6a4080ef

FTV

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.Why This 1 Growth Stock Should Be On Your WatchlistGrowth investors build their portfolios around companies that are financially strong and have a bright future, and the Growth Style Score helps take projected and historical earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.Fortive (FTV)Headquartered in Everett, WA, Fortive Corporation is a diversified industrial growth company. It provides essential technologies for connected workflow solutions on a global basis.FTV sits at a Zacks Rank #2 (Buy), holds a Growth Style Score of B, and has a VGM Score of B. Earnings and sales are forecasted to increase 10.2% and 7% year-over-year, respectively.Five analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.15 to $3.78 per share. FTV boasts an average earnings surprise of 3%.Looking at cash flow, Fortive is expected to report cash flow growth of 4.9% this year; FTV has generated cash flow growth of 5.6% over the past three to five years.FTV should be on investors' short lists because of its impressive growth fundamentals, a good Zacks Rank, and strong Growth and VGM Style Scores.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 reportFortive Corporation (FTV) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

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

https://finance.yahoo.com/news/growth-investor-1-stock-could-144509450.html

bcd2e2e3-50bd-3021-ad47-0f89f6c13ce2

FTV

EVERETT, Wash., March 06, 2024--(BUSINESS WIRE)--Fortive Corporation ("Fortive") (NYSE: FTV) today announced that James A. Lico, Fortive President and Chief Executive Officer, and Olumide Soroye, President and Chief Executive Officer of Intelligent Operating Solutions (IOS), will be presenting at the J.P. Morgan Industrials Conference on Wednesday, March 13th, 2024 at 4:30 p.m. ET. The audio will be simultaneously webcast and will be archived on www.fortive.com.ABOUT FORTIVEFortive is a provider of essential technologies for connected workflow solutions across a range of attractive end-markets. Fortive’s strategic segments - Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions - include well-known brands with leading positions in their markets. The company’s businesses design, develop, service, manufacture, and market professional and engineered products, software, and services, building upon leading brand names, innovative technologies, and significant market positions. Fortive is headquartered in Everett, Washington and employs a team of more than 18,000 research and development, manufacturing, sales, distribution, service and administrative employees in more than 50 countries around the world. With a culture rooted in continuous improvement, the core of our company’s operating model is the Fortive Business System. For more information please visit: www.fortive.com.View source version on businesswire.com: https://www.businesswire.com/news/home/20240306917706/en/ContactsElena RosmanVice President, Investor RelationsFortive Corporation6920 Seaway BoulevardEverett, WA 98203Telephone: (425) 446-5000

Business Wire

Fortive to Present at the J.P. Morgan Industrials Conference

https://finance.yahoo.com/news/fortive-present-j-p-morgan-211500262.html

8b957e09-501e-3b66-b76c-9b1a092813c6

GD

A month has gone by since the last earnings report for General Dynamics (GD). Shares have added about 2.4% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is General Dynamics 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 catalysts.General Dynamics' Q4 Earnings Miss, Revenues Up Y/YGeneral Dynamics reported fourth-quarter 2023 earnings per share (EPS) of $3.64, which missed the Zacks Consensus Estimate of $3.66 by 0.6%. However, the figure increased 1.7% from $3.58 per share recorded in the year-ago quarter.General Dynamics reported EPS of $12.02 per share for 2023, which missed the Zacks Consensus Estimate of $12.12 by 0.8%. The bottom line also decreased 1.4% from $12.19 per share recorded in the year-ago quarter.Total RevenuesGeneral Dynamics’ revenues of $11,668 million in the reported quarter beat the Zacks Consensus Estimate of $11,543 million by 1.1%. The top line also improved 7.5% from the prior-year reported figure.Revenues were $42.27 billion for 2023, which beat the Zacks Consensus Estimate of $42.14 billion by 0.3%. The top line also rose 7.8% from $39.41 billion reported in the year-ago quarter.Segmental PerformanceAerospace: The segment reported revenues of $2,744 million, up 12% year over year. Operating earnings of $449 million improved 33.2%.Marine Systems: This segment’s revenues rose 14.8% to $3,408 million from the year-ago quarter. Operating earnings of $217 million decreased 8.4%.Technologies: The segment’s revenues decreased 3.1% year over year to $3,152 million. Operating earnings totaled $305 million, down 10.3%.Combat Systems: The segment’s revenues of $2,364 million were up 8.5% from the year-ago quarter. Operating earnings also improved 5.7% year over year to $351 million.Story continuesOperational HighlightsGD’s operating earnings were $1,288 million, up 5% from the year-ago quarter’s $1,227 million.Operating costs and expenses increased 7.9% to $10.38 billion.Interest expenses declined 8.2% year over year to $78 million.BacklogGeneral Dynamics recorded a total backlog of $93.6 billion, down 2.1% from the third-quarter 2023’s backlog of $95.6 billion. The funded backlog at the fourth-quarter end was $72.48 billion.Our model projected a backlog worth $95.36 billion for the fourth quarter of 2023.Financial ConditionAs of Dec 31, 2023, General Dynamics’ cash and cash equivalents were $1,913 million compared with $1,242 million as of Dec 31, 2022.The long-term debt as of Dec 31, 2023, was $8,754 million, down from the 2022-end level of $9,243 million.For the full year ended Dec 31, 2023, GD generated cash from operating activities of $4,710 million, up from $4,579 million recorded a year ago.How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a downward trend in estimates review.VGM ScoresCurrently, General Dynamics has a subpar Growth Score of D, though it is lagging a bit on the Momentum Score front with an F. However, 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 D. 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, General Dynamics has a Zacks Rank #3 (Hold). We expect an in-line 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 reportGeneral Dynamics Corporation (GD) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Why Is General Dynamics (GD) Up 2.4% Since Last Earnings Report?

https://finance.yahoo.com/news/why-general-dynamics-gd-2-163028333.html

f3105d5e-fba4-375b-baac-ddb852160976

GD

The Boeing Company BA recently clinched an order from Thai Airways to supply 45 of its 787-9 Dreamliner jets to boost this Southeast Asian airline’s widebody fleet. This should bolster Boeing’s commercial delivery figures.Importance of 787 DreamlinerThe Boeing 787 Dreamliner family has unparalleled fuel efficiency and range flexibility. It uses 25% less fuel and creates 25% fewer emissions than the airplanes they replace. The jet offers passengers a matchless experience with comfort, a spacious cabin, adjustable LED lighting, the largest windows and improved air quality. The 787-9 model, 20 feet longer than the 787-8, can fly 300 passengers, 7,565 nautical miles (14,010km), with 25% better fuel per seat than the airplanes it will replace.Such remarkable features must have bolstered the demand for this jet family, translating into solid order growth for this aircraft. Evidently, since 2011, the 787 family has launched more than 390 new nonstop routes around the world. Currently, the company has 797 unfulfilled orders for 787 Dreamliner airplanes across the world. Revenues earned from the delivery of these jets, including the latest deal for 45 aircraft, should significantly boost Boeing’s commercial unit’s top line, which witnessed a solid 30% rise in 2023 from 2022.Prospects in the Southeast Asian MarketAs we continue to witness the recovery of air traffic over the past few months, the Southeast Asian region has also been witnessing a solid growth pattern.To this end, Boeing's Commercial Market Outlook (CMO) forecasts that the airplane fleet in Southeast Asia will grow 5% by 2040, resulting in the demand for more than 4400 new airplanes valued at $700 billion. Undoubtedly, such solid market growth prospects offer strong expansion opportunities for Boeing, one of the largest commercial jet makers in the world.Boeing already enjoys a strong business footprint in this part of the world with its solid presence in nations like Singapore, Indonesia, Vietnam, Malaysia, Thailand, Brunei and the Philippines. During 2023, around 13% of Boeing’s revenues came from the Asian region. On Feb 20, 2024, Boeing received an order from Royal Brunei Airlines for four 787 Dreamliners. Such developments should increase the company’s profitability in the Southeast Asian aviation market in the coming days.Story continuesPeer ProspectsA couple of other aerospace players that can gain from the expanding aviation market in the Southeast Asian region are Airbus SE EADSY, General Dynamics GD and Textron TXT.Airbus has a long-standing presence in Indonesia, Malaysia, Singapore, Vietnam, Philippines and Thailand. During 2023, the Asia-Pacific region accounted for 32% of Airbus’ commercial aircraft deliveries. Thai Airways International is among the longest standing customers of Airbus.EADSY boasts a long-term (three to five years) earnings growth rate of 12.4%. The Zacks Consensus Estimate for 2024 sales indicates an improvement of 10.8% from that reported in 2023.General Dynamics’ unit, Gulfstream Aerospace, has a solid presence worldwide. Coming to the Southeast Asian region, the company announced on Feb 8, 2024, that its all-new ultra large-cabin Gulfstream G700 will make its Singapore Airshow debut. Previously, in September 2023, the G280 and G600 had been showcased at the Malaysian air show.GD boasts a long-term earnings growth rate of 10.8%. The Zacks Consensus Estimate for 2024 sales indicates an improvement of 8.9% from that reported in 2023.Textron’s unit, Textron Aviation, offers a wide range of commercial aircraft solutions. The Asia Pacific region is home to nearly 400 Textron Aviation jets and more than 1,000 Textron Aviation turboprops. In February 2024, Textron Aviation delivered the new Cessna Grand Caravan EX Amphibian turboprop in Malaysia. During the Singapore Airshow, the company will showcase the Beechcraft King Air 360, the Cessna Grand Caravan EX, the Citation Latitude, the Citation CJ4 Gen2 and the Citation M2 Gen2.TXT boasts a long-term earnings growth rate of 11.7%. The Zacks Consensus Estimate for 2024 sales indicates an improvement of 7% from that reported in 2023.Price PerformanceIn the past year, shares of BA have gained 0.2% against the industry’s 8.7% decline.Zacks Investment ResearchImage Source: Zacks Investment ResearchZacks RankBoeing currently has a Zacks Rank #4 (Sell).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks 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 reportThe Boeing Company (BA) : Free Stock Analysis ReportGeneral Dynamics Corporation (GD) : Free Stock Analysis ReportTextron Inc. (TXT) : Free Stock Analysis ReportAirbus Group (EADSY) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Boeing (BA) Wins Order for 45 787 Jets From Thai Airways

https://finance.yahoo.com/news/boeing-ba-wins-order-45-135700345.html

edc8ffa5-65f9-3d34-9e78-a08eec411323

GD

General Dynamics GD recently announced that its board of directors has approved a 7.6% increase in the quarterly dividend rate. The revised quarterly dividend will be $1.42, payable on May 10, 2024, to shareholders of record at the close of business on Apr 12.General Dynamics has been consistently increasing dividends for the past 27 years. The company’s new annualized dividend rate is $5.68 per share, resulting in an annualized dividend yield of 2.08%, based on its share price of $273.03 as of Mar 7, 2024. The current dividend yield is better than the Zacks S&P 500 composite’s 1.32%.Can We Expect Hikes in the Coming Years?General Dynamics’ dividend payment history indicates that the company has been performing steadily and generating enough cash flow to distribute dividends to shareholders.Evidently, as of Dec 31, 2023, General Dynamics had a total cash and cash equivalents of $1.91 billion, reflecting an improvement from $1.24 billion on Dec 31, 2022. For 2023, the company had cash inflow from operating activities worth $4.71 billion, up 2.9% from the prior-year tally.Such solid cash balance is likely to have enabled General Dynamics to pay $1.43 billion as dividends to its shareholders in 2023, which reflected an increase of 4.3% from the year-ago amount.It is imperative to mention that the company ended 2023 with a backlog of $93.63 billion, the highest year-end backlog in the company’s history. This reflects that the solid demand for GD’s products is likely to have led to strong order activity, thereby boosting its long-term growth expectations. Successful deliveries of its products from backlog can be expected to bolster GD’s future operating results, enabling the company to continue rewarding its shareholders with regular dividend hikes in the coming years.Dividend History of PeersGeneral Dynamics is not the only one in the aerospace-defense space that has a consistent history of dividend hikes. Many other players have a similar track record.BAE Systems BAESY: On Feb 21, 2024, BAE Systems increased its quarterly dividend to 90 cents per share, representing 63.6% growth from the previous quarter. The company’s annualized dividend rate is $3.60 per share.The current dividend yield of BEASY is 1.67%, better than the Zacks S&P 500 composite’s yield of 1.32%. The stock’s long-term (three to five years) earnings growth is pegged at 12.9%.Lockheed Martin LMT: On Oct 6, 2023, Lockheed Martin increased its quarterly dividend to $3.15 per share, representing 5% growth from the previous quarter. The company’s annualized dividend rate is $12.60 per share. LMT’s payout currently is 45% of earnings.The current dividend yield of LMT is 2.91%, better than the Zacks S&P 500 composite’s yield of 1.32%. The stock’s long-term earnings growth is pegged at 4.2%.L3Harris Technologies LHX: On Feb 23, 2024, L3Harris increased its quarterly dividend to $1.16 per share, representing 1.8% growth from the previous quarter. The company’s annualized dividend rate is $4.64 per share. LHX’s payout currently is 37% of earnings.The current dividend yield of LHX is 2.12%, better than the Zacks S&P 500 composite’s yield of 1.32%. The stock’s long-term earnings growth is pegged at 8.4%.Story continuesZacks RankGD currently has a Zacks Rank #4 (Sell).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Price PerformanceIn the past year, shares of GD have rallied 22.5% against the industry’s 7.3% decline.Zacks Investment ResearchImage Source: Zacks Investment ResearchWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportLockheed Martin Corporation (LMT) : Free Stock Analysis ReportGeneral Dynamics Corporation (GD) : Free Stock Analysis ReportBae Systems PLC (BAESY) : Free Stock Analysis ReportL3Harris Technologies Inc (LHX) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

General Dynamics' (GD) Board Approves 7.6% Dividend Hike

https://finance.yahoo.com/news/general-dynamics-gd-board-approves-131900060.html

966181c8-4609-392e-abb9-04593272fd84

GD

In this article, we look at 11 countries with the highest number of military special forces in the world. You can skip our detailed analysis on the most well-trained and formidable units of militaries with a key focus on American special forces’ capabilities and head over directly to the 5 Countries with the Highest Number of Military Special Forces in the World.Special forces have captured the imagination of popular culture in the United States for quite some time, and often bring to mind video games like Call of Duty or movies such as the Black Hawk Down. There's considerable prestige associated within militaries with the warrior elite! These are top-notch units of the armed forces made up of the finest soldiers recruited from across the country to perform special operations. What sets these operators apart from the rest is their high level of rigorous training and strong personality traits including bravery and resilient mentality.While historically, special forces worked in small units and were only called in for critical missions, over time, their role has expanded throughout the world, especially because of the global war on terror. Special forces in the US for example under the Special Operations Command (SOCOM) grew from 38,000 personnel before the 2001 9/11 attacks to 73,000 by 2020, with their budget also seeing a 495% spike from $2.3 billion to $13.7 billion during this period.Considering the complex challenges these forces undertake, the US military is equipping their special forces operators with sophisticated equipment to dominate the battlefield and overcome challenging scenarios that come in their way. Lockheed Martin Corporation (NYSE:LMT) announced in July 2023 that its Dry Combat Submersible (DCS) had achieved initial operational capability – a project it had been working on for decades.Two DCSs have been provided to the Navy by Lockheed Martin Corporation (NYSE:LMT), with work ongoing on the third. According to the company, these submersibles will provide the Navy SEALs the ability to travel well below the surface of the ocean without wetsuits and get in and out of the vehicles undetected while being entirely submerged. Lockheed Martin Corporation (NYSE:LMT) is a key industrial partner of the American special forces, and also the primary contractor for SOCOM’s logistics and sustainment support program.Story continuesThe US Navy is aggressively ramping up its seabed capabilities as well. According to a report, the Navy, with an eye on protecting assets deep in the ocean, has commissioned a next-generation attack submarine, work on which is already underway at the General Dynamics Corporation (NYSE:GD). The submarine will be used for the Navy SEALs to perform covert operations along the floor of the operation to tap deep sea communication cables and retrieve parts of missiles and rockets tested underwater.SOCOM is also upgrading its MH-47G Chinook fleet as part of the aircraft’s modernization efforts. The Boeing Company (NYSE:BA) in December 2023 received a $271 million modification contract, under which it will procure the MH-47G rotary wing renewal build aircraft for SOCOM. The company expects to complete work on the project, which would involve delivering six helicopters, by May 2027. Earlier that year in March, The Boeing Company (NYSE:BA) secured a $18 million task order for the acquisition of components and parts for the aircraft. MH-47G Chinook, first introduced in 1962 by The Boeing Company (NYSE:BA), continues to be widely used in American special operations despite aging.On the other hand, General Dynamics Corporation (NYSE:GD), between 2016 and 2021, under a five-year contract with a maximum ceiling of $900 million provided professional services to US special forces in their global operations. The services included technical and engineering work for major weapon systems, and assistance with decision-making related to production and program control. Work on the agreement was carried out by General Dynamics Corporation (NYSE:GD)’s subsidiary, ARMA Global.11 Countries with the Highest Number of Military Special Forces in the WorldGetmilitaryphotos/Shutterstock.comMethodologySeveral credible publications and news reports available on the internet have been consolidated to identify countries with the highest number of military special forces in the world. Countries are sorted in ascending order of the number of special military forces they operate. Note that we have only considered the primary special forces in these countries. In case, where countries had the same number of military special forces, we outranked one over the other over our assessment of the capabilities of their special operations forces, which you can read about in our recent article, 11 Countries with the Best Military Special Forces in the World.By the way, Insider Monkey is an investing website that uses a consensus approach to identify the best stock picks of more than 900 hedge funds investing in US stocks. The website tracks the movement of corporate insiders and hedge funds. Our top 10 consensus stock picks of hedge funds outperformed the S&P 500 stock index by more than 140 percentage points over the last 10 years (see the details here). So, if you are looking for the best stock picks to buy, you can benefit from the wisdom of hedge funds and corporate insiders.Let’s now head over to the list of countries that have the most military special forces in the world.11 Countries with the Highest Number of Military Special Forces in the World:11. GermanySpecial Forces: 2Kommando Spezialkräfte (KSK) and Kommando Spezialkräfte Marine (KSM) are the two prominent military special forces of Germany. The KSK is the elite special force of the German military or Bundeswehr. It is a large brigade-level unit that has expertise in search and rescue, commando warfare, and anti-terrorism. The KSK carried out multiple successful special operations in Afghanistan, and is considered one of the most well-equipped special forces in the world.The Kommando Spezialkräfte Marine (KSM) is the special forces group of the German Navy that is responsible for carrying out amphibious warfare. Both of these groups require their deployments to be authorized by the German parliament before they can undertake any operation.10. SpainSpecial Forces: 3Next up on our list of countries with the highest number of military special forces in the world is Spain, with three major special operations groups. We begin with the Fuerza de Guerra Naval Especial, or the Special Naval Warfare Force, which is the special operations unit of the Spanish Navy. It mainly comprises the members of the Marines, and specializes in operations in land, sea, and air. The Unidad de Operaciones Especiales, which is regarded as one of the best special forces in the world, merged into the Fuerza de Guerra Naval Especial in 2009, with the latter inheriting the former’s reputation.Moving on now to Escuadrón de Zapadores Paracaidistas (EZAPAC), which is the special forces unit of Spain’s elite paratroopers, and works under the Spanish Air Force. Commandos joining the group go through rigorous training in parachuting, skiing, weapon handling, SATCOM transmission, survival, and other critical areas related to aerial special operations.Lastly, commandos of the Caballero Legionario Maderal Oleaga or 19th Special Operations Group, are capable of maritime and mountain warfare, counter-terrorism, and sabotage. 9. PakistanSpecial Forces: 3Pakistan’s Special Services Group, or SSG, is among the best military special forces in the world. Due to the unique headgear worn by its commandos, it is also often referred to as the Black Storks. The SSG is a battle-hardened force that has undertaken several successful operations, especially in the restive tribal north against militant groups along the border with Afghanistan. The group has expertise in search and rescue, hostage rescue, psychological operations, direct action, reconnaissance, and taking out high-value targets.The country’s navy also has a special forces group with the same name – the Pakistan Navy Special Service Group, which is also often called the Navy SEALs and Navy SSG. This unit is capable of carrying out unconventional special operations at land, air and sea.On the other hand, the Special Services Wing is the special operations branch of the Pakistan Air Force, whose personnel are trained to perform special missions related to reconnaissance, combat control, pararescue, offensive raiding, and direct action. These commandos are primarily responsible for air traffic control in hostile environments.8. FranceSpecial Forces: 3The Commandement des Opérations Spéciales, or the Special Operations Command (COS), in France is equivalent to the USSOCOM and UKSF, and oversees the operations of various special forces of the French military. The National Gendarmerie Intervention Group, or GIGN, is the most prominent special operations unit in France that is responsible for counter-terrorism, hostage rescue, and the protection of VIPs in the country. According to a report in The Independent, the GIGN has freed up over 600 hostages since it was unveiled in 1973.Another potent military special force is the Commandos Marine, which works under the French Navy. The personnel in this unit are trained to conduct special operations at sea, land, and air to defend France from internal and external threats. Intelligence gathering, underwater operations, counter-terrorism, and hostage rescue are areas of strength for the Commandos Marine.The French Air and Space Force also has a special forces group in Air Parachute Commando No. 10, with expertise in reconnaissance, aerial guidance, counter-terrorism, and combat search and rescue.7. CanadaSpecial Forces: 4The Canadian Special Operations Forces Command is responsible for all special operations conducted by the country to respond to terrorism, as well as threats to Canada. There are four main special forces working under the command. The Joint Task Force 2 (JST2) is the most prominent military special force in the country, and is regarded among the best in the world, having worked on several counter-terrorism operations at home and abroad. The unit is known to collaborate with the US’ Delta Force and UK’s SAS in missions of common interests.The second military special forces group in Canada is the Canadian Special Operations Regiment, which is the special forces unit of the country’s armed force, and has expertise in undertaking direct raids, reconnaissance, and capturing strategic buildings.The 427 Special Operations Aviation Squadron provides tactical aviation support to Canada’s special forces command, while the Canadian Joint Incident Response Unit works diligently to defend Canada from threats of chemical, biological, radiological and nuclear nature.6. RussiaSpecial Forces: 4Russia is among countries with the highest number of military special forces in the world. Its Alpha Group is one of the finest elite military units on the globe and specializes in counter-terrorism. It was founded in 1974 by the KGB, and currently operates under the FSB. The unit is believed to be operating under the direct control of Russia’s top political leadership.Another prominent group is Spetsnaz, which is the special forces unit of Russia’s foreign military intelligence unit, GRU, and is known to operate in covert operations across the world. It has taken part in several operations overseas, including in Ukraine, Georgia, Syria, and Czechoslovakia. The 45th Guards Independent Reconnaissance Regiment, one the other hand, is the special forces unit under the Russian Airborne Troops, whose primary responsibility is reconnaissance behind enemy lines, kinetic operations against command and control posts, and eliminating their leadership. Lastly, Vympel special forces are tasked with protecting strategic installations in Russia.Click to continue reading and see the 5 Countries with the Highest Number of Military Special Forces in the World.Suggested Articles:15 Militaries with the Most Armored Fighting Vehicles in the World15 Countries with the Most Attack Helicopters in the World10 Countries with the Most Military Drones in the WorldDisclosure: None. 11 Countries with the Highest Number of Military Special Forces in the World is originally published on Insider Monkey.

Insider Monkey

11 Countries with the Highest Number of Military Special Forces in the World

https://finance.yahoo.com/news/11-countries-highest-number-military-233257850.html

3472ca2e-8e72-3931-8f19-7ffe318fc723

GD

A conflict between the U.S. and China over Taiwan has become a commonplace discussion in the national security community. A military strategist lays out the outcome of a potential war in the Taiwan Strait based on recently conducted war games.

WSJ

What War Games Tell Us About a Potential Chinese Invasion of Taiwan

https://finance.yahoo.com/video/war-games-tell-us-potential-040100324.html

1f505db5-9427-3736-a57d-c22e599f5db2

GE

If you're a beginner investor, the idea of creating a portfolio from the ground up can feel like an impossible goal to achieve. That's why you should start by looking at stocks that are set to beat the market over the next 12 months, a strategy that's been proven to generate strong returns.Let's now take a look at one standout stock that could be a perfect fit for your portfolio.Why You Should Pay Attention to GE HealthCare Technologies (GEHC)Chicago, IL-based GE HealthCare Technologies Inc. or GE HealthCare is one of the leading providers of medical technology, pharmaceutical diagnostics, and digital solutions with focus on precision care. The company was formed on Jan 3, 2023, following a spin-off by its parent company — the General Electric Company.Since being added to the Zacks Focus List on January 4, 2023 at $60.49 per share, shares of GEHC have increased 47.25% to $89.03.Four analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.06 to $4.30. GEHC also boasts an average earnings surprise of 9%.Earnings for GE HealthCare Technologies are forecasted to see growth of 9.4% for the current fiscal year as well.Since stock prices respond to earnings estimate revisions, it can be very profitable to buy stocks with an increased earnings outlook. By buying a Focus List stock like GEHC, then, you're likely getting into a company whose future earnings estimates will be raised, potentially leading to price momentum.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 reportGE HealthCare Technologies Inc. (GEHC) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Why This 1 Medical Stock Could Be a Great Addition to Your Portfolio

https://finance.yahoo.com/news/why-1-medical-stock-could-143004037.html

3b6192f2-e220-36ae-be75-f8c237cb4324

GE

GE Vernova’s Grid Solutions partners with Dragos Inc. to offer comprehensive industrial cybersecurity solutions for enhancing grid resilience. The partnership aims to strengthen defense mechanisms of the electric grid by combining expertise in grid automation and operational technology (OT) cybersecurity.As part of this agreement, both companies will collaborate on product and technology integrations to provide a holistic approach for safeguarding critical infrastructure and other OT environments. PARIS, February 26, 2024--(BUSINESS WIRE)--GE Vernova’s Grid Solutions business (NYSE: GE) and Dragos Inc. today announced a technology partnership to offer holistic cybersecurity solutions by combining their respective expertise in grid automation and operational technology (OT) cybersecurity. Through this partnership, GE Vernova’s Grid Solutions business will provide its global grid automation customers with Dragos’ cybersecurity solutions such as the Dragos Platform, Dragos Worldview threat intelligence, and incident response services, aiming to provide a holistic approach to safeguarding their critical infrastructure and other OT environments.This initiative is set to enhance the defense mechanisms of the electric grid by providing comprehensive OT cybersecurity solutions developed from both companies' extensive experience in the field. As part of this agreement, both companies will collaborate on product and technology integrations to offer more advanced functionalities, including:Comprehensive Asset Visibility: The Dragos Platform, combined with GE Vernova’s grid automation technology, will offer unparalleled visibility into OT assets within various industrial energy environments. This will enable organizations to strengthen their OT environment from future cyber-attacks by being able to inventory and monitor assets, track vulnerabilities, and use network monitoring to investigate issues and incidents.Proactive Threat Detection: Dragos' OT threat intelligence, combined with its real-time monitoring system, will provide cutting-edge threat detection and monitoring capabilities. This will help GE Vernova’s customers identify and mitigate potential risks before they impact operations within critical national infrastructure.Story continuesRapid Incident Response: By combining Dragos' incident response expertise with cybersecurity offerings, critical infrastructure providers will be able to respond swiftly and effectively to minimize downtime and maintain operational continuity.Global Threat Intelligence: Leveraging Dragos Threat Intelligence, backed by the industry’s largest team of OT cybersecurity experts, GE Vernova will be able to offer its customers visibility into adversary threats, malware, and vulnerabilities impacting industrial sectors."We’re dedicated to providing cybersecurity products, solutions, and services that help our customers protect their digital substations and other OT environments from cyber threats," said Claudia Cosoreanu, Grid Automation Chief Technology Officer at GE Vernova’s Grid Solutions Business. "Our partnership with Dragos combines decades of industry-leading expertise in industrial cybersecurity and grid solutions, empowering our customers to defend against cyber threats and strengthen their cybersecurity posture."Furthermore, GE Vernova’s Grid Solutions brings decades of expertise in grid automation, offering advanced technologies and solutions to optimize grid performance, enhance reliability and resilience, and facilitate the seamless integration of renewable energy sources. With a proven track record in delivering innovative grid solutions globally, GE Vernova's expertise complements Dragos’ market leading OT cybersecurity offerings, providing a comprehensive solution for protecting critical infrastructure."We are thrilled to partner with the new GE Vernova group to bring our combined OT cybersecurity and grid automation experience to GE Vernova Grid Automation customers," said Matthew Cowell, Vice President of Business Development, Dragos, Inc. "These combined offerings bring energy organizations better threat detection, intelligence, and resiliency in the face of cyber threats."For more information on the combined OT cybersecurity solutions from Dragos and GE Vernova, visit their website.About GE VernovaGE Vernova is a planned, purpose-built global energy company that includes Power, Wind, and Electrification segments and is supported by its accelerator businesses of Advanced Research, Consulting Services, and Financial Services. Building on over 130 years of experience tackling the world’s challenges, GE Vernova is uniquely positioned to help lead the energy transition by continuing to electrify the world while simultaneously working to decarbonize it. GE Vernova helps customers power economies and deliver electricity that is vital to health, safety, security, and improved quality of life. GE Vernova is headquartered in Cambridge, Massachusetts, U.S., with more than 80,000 employees across 140+ countries around the world. GE Vernova’s Grid Solutions business electrifies the world with advanced grid technologies and systems, enabling power transmission and distribution from the point of generation to point of consumption, and supporting a decarbonized and secured energy transition.GE Vernova’s mission is embedded in its name – it retains its legacy, "GE," as an enduring and hard-earned badge of quality and ingenuity. "Ver" / "verde" signal Earth’s verdant and lush ecosystems. "Nova," from the Latin "novus," nods to a new, innovative era of lower carbon energy. Supported by the Company Purpose, The Energy to Change the World, GE Vernova will help deliver a more affordable, reliable, sustainable, and secure energy future. Learn more: GE Vernova and LinkedIn.About Dragos, Inc.Dragos has a global mission to safeguard civilization from those trying to disrupt the industrial infrastructure we depend on every day. The Dragos Platform offers the most effective industrial cybersecurity technology, giving customers visibility into their ICS/OT assets, vulnerabilities, threats, and response actions. The strength behind the Dragos Platform comes from our ability to codify Dragos’s industry-leading OT threat intelligence, and insights from the Dragos services team, into the software. Our community-focused approach gives you access to the largest array of industrial organizations participating in collective defense, with the broadest visibility available.Our solutions protect organizations across a range of industries, including electric, oil & gas, manufacturing, building automation systems, chemical, government, water, food & beverage, mining, transportation, and pharmaceutical. Dragos is privately held and headquartered in the Washington, DC area with regional presence around the world, including Canada, Australia, New Zealand, Europe, and the Middle East. Learn more: Dragos, Inc and LinkedinView source version on businesswire.com: https://www.businesswire.com/news/home/20240226506016/en/ContactsGE VERNOVA: Anshul MadaanGlobal Media Relations LeaderGrid [email protected]: Kesselring Communications for DragosLeslie Kesselring, [email protected]

Business Wire

GE Vernova and Dragos Team Up to Protect Electric Grids from Cyber Threats

https://finance.yahoo.com/news/ge-vernova-dragos-team-protect-130000184.html

15b3bfe3-2d23-30cb-b404-d219bba02345

GE

UBS analyst Chris Snyder just raised his price target on General Electric stock. Other already have ahead of the GE Vernova and GE Aerospace separation.Continue reading

Barrons.com

GE Stock Price Targets Are Rising Ahead of the Spinoff

https://finance.yahoo.com/m/3f78a6d6-4af0-3940-8825-b5f5375b9057/ge-stock-price-targets-are.html

3f78a6d6-4af0-3940-8825-b5f5375b9057

GE

It was a dark day for General Electric  (GE) .On June 19, 2018, the last original member of the Dow Jones Industrial Average was removed from the venerated index and replaced by Walgreen Boots Alliance  (WBA) .GE, which had been co-founded by Thomas Edison — the Wizard of Menlo Park — had been continuously trading on the Dow since Nov. 7, 1907.But the company had been the worst-performing stock on the Dow in the prior year, having lost nearly half its value. GE, which had shed several assets, cut its dividend for only the second time since the Great Depression.“The low price of GE shares means the company has a weight in the index of less than one-half of 1 percentage point," David Blitzer, chairman of the index committee at S&P Dow Jones Indices, said, according to the New York Times. "Walgreens Boots Alliance's shares price is higher and it will contribute more meaningful lead to the index."By including Walgreens, Blitzer added, the Dow "will be more representative of the consumer and health care sectors of the U.S. economy."A GE spokeswoman told CNN that the company was  "focused on executing against the plan we've laid out to improve GE's performance."An analyst reacts to GE's investor days.HUSSEIN FALEH/AFP via GettyGE CEO says 2024 will be 'momentous year'"Today's announcement does nothing to change those commitments or our focus in creating in a stronger, simpler GE," she said.The company was planning some very bold steps.Related: Analysts have surprising take on Magnificent 7 amid tech-bubble echoesIn 2021, GE said it would split into three publicly traded companies: GE HealthCare, GE Aerospace and GE Vernova, its power business, which would focus on electrification and carbonization.“We are putting our technology expertise, leadership, and global reach to work to better serve our customers,” Chief Executive Lawrence Culp said at the time.In January, GE posted fourth-quarter earnings of $1.08 a share, down 13% from the year-earlier period but firmly ahead of the Wall Street consensus forecast of 91 cents a share.Story continuesRevenue fell 15% from a year earlier to $18.5 billion, again topping analysts' estimates of a $17.42 billion tally.Culp told analysts that "2024 will be a momentous year as we launch GE Aerospace and GE Vernova in early April.""Looking at our results, we more than tripled our earnings and generated almost 70% more free cash flow in 2023," he said.Last week, the company hosted two separate investor days for GE Aerospace and GE Vernova.GE Aerospace said adjusted revenue would grow by low-double-digits percent or more, with operating profit of $6 billion to $6.5 billion and free cash flow greater than $5 billion.Analyst is drawn to GE positioningMeanwhile, GE Verona affirmed its 2024 guidance for revenue of $34 billion to $35 billion; a mid-single-digit margin based on adjusted earnings before interest, taxes, depreciation and amortization, and free cash flow of $700 million to $1.1 billion.On March 8, JPMorgan Chase upgraded the industrial company to overweight and boosted its price target by $14 to $180.More Wall Street Analysts:Analyst who correctly warned Tesla stock could fall unveils new targetAnalysts race for new Palo Alto Networks price targets as shares plungeAnalyst who forecast Nvidia stock could exceed $750 revamps targetWhich brings us to March 11, when GE Vernova announced a 50/50 joint venture with Montana Technologies LLC to make air conditioning and atmospheric water harvesting products.The joint venture will be called AirJoule LLC. GE Vernova CEO Scott Strazik said the venture “represents a strong step forward in reducing energy use and carbon emissions in the air conditioning industry and the future of air-to-water generation."On the same day, a UBS analyst team headed by Chris Snyder raised the investment firm's price target on General Electric to $191 from $138 and affirmed a buy rating on the shares following GE's investor days."While some have balked at valuation in recent months, we continue to focus on [earnings per share] upside and remain drawn to the company’s increasingly attractive positioning across favorable end markets," UBS said in a research note.UBS's thesis remains unchanged, Snyder wrote, as the firm sees multiyear positive rate of change across all three of GE's business lines.When combined with impressive execution and a greater than $60 billion revenue base, GE continues to offer the most torque to positive rate of change across U.S. industrials, the analyst wrote.Related: Veteran fund manager picks favorite stocks for 2024

TheStreet

Analyst revamps GE stock price target after investor days

https://finance.yahoo.com/news/analyst-revamps-ge-stock-price-161429480.html

27fe08c9-4c54-377b-a24c-80726a1fde2d

GEHC

10-year collaboration aims to expand the reach of innovative technology and digital solutions to more than one million patients.CHICAGO, February 19, 2024--(BUSINESS WIRE)--GE HealthCare (Nasdaq: GEHC) today announced a collaboration with OSF HealthCare, an integrated health system caring for patients throughout Illinois and Michigan, and Pointcore, Inc., a healthcare management and non-clinical shared services company, to help increase clinical and operational efficiencies, standardize care delivery models and improve patient outcomes across OSF HealthCare. This alliance will leverage GE HealthCare’s expertise and innovative technology and Pointcore’s decades of experience managing nonclinical matters for hospitals and clinics. It will also support the Mission of OSF HealthCare to deliver exceptional care to patients in the communities they serve."In the rapidly changing world of healthcare, this strategic collaboration between OSF HealthCare, Pointcore and GE HealthCare means that we can ensure our Mission Partners (employees) have the right technology at the right place at the right time, fundamentally changing the way we deliver care to over one million patients each year," said Jim Mormann, Chief Executive Officer of OSF HealthCare Integrated Solutions and Pointcore, Inc. "It is in direct alignment with our Mission to serve with the greatest care and love to all the communities we have been called to serve and aims to allow our patients to have access to the best care possible."The agreements stand on two key pillars and will deepen OSF HealthCare, Pointcore and GE HealthCare’s combined focus on:A foundational alliance that includes investment in new technology systems, digital tools and resources, service and support across a variety of care areas including nuclear medicine, oncology and radiology. A new intersection between Pointcore and GE HealthCare will drive Healthcare Technology Management services and provide excellence in the management of OSF’s medical equipment across their ministry.A new approach to investment in innovation that uses advanced analytics to streamline capital management and allow OSF HealthCare to reinvest in care for patients. As a part of this approach, OSF HealthCare will be one of the first healthcare systems in the United States to implement GE HealthCare’s new version of Digital Expert Access with remote scanning, the first FDA 510(k)-cleared device to enable remote patient scanning on GE HealthCare Magnetic Resonance Imaging (MRI) devices. This new technology can bridge multiple locations, users, and devices remotely and allow technologists to share knowledge and make decisions quickly, reducing wait times and care disruption for patients.Story continuesOSF HealthCare, Pointcore and GE HealthCare expect to explore ways to scale their approach to drive greater access to personalized care for more patients. The alliance will concentrate on enhancing precision care in oncology by identifying clinical and technological opportunities that can help accelerate integrated cancer care at OSF HealthCare. The parties will work together to build pathways that deliver precise, personalized care for patients through customized solutions in radiation oncology and Theranostics for diseases like prostate cancer."The most critical goal of this collaboration is increasing access to quality care for all patients no matter where they are," said Catherine Estrampes, President and CEO, U.S. and Canada at GE HealthCare. "OSF HealthCare, Pointcore and GE HealthCare are doing this together through integrated technology, digital solutions, advanced analytics and dedicated clinical and operational specialists. The work of our combined teams will help enable OSF HealthCare to standardize care across their system and empower their Mission Partners to focus on their patients and communities."The agreement is the result of extensive collaboration between OSF HealthCare, Pointcore (and its predecessor, St. Francis, Inc.) and GE HealthCare across many initiatives such as improving the delivery of healthcare technology management and advancements in diagnostic imaging technology. Collaboration activities will begin in the Spring of 2024 with the launch of the OSF HealthCare Cancer Institute in Peoria, Illinois.About GE HealthCare Technologies Inc.GE HealthCare is a leading global medical technology, pharmaceutical diagnostics, and digital solutions innovator, dedicated to providing integrated solutions, services, and data analytics to make hospitals more efficient, clinicians more effective, therapies more precise, and patients healthier and happier. Serving patients and providers for more than 100 years, GE HealthCare is advancing personalized, connected, and compassionate care, while simplifying the patient’s journey across the care pathway. Together our Imaging, Ultrasound, Patient Care Solutions, and Pharmaceutical Diagnostics businesses help improve patient care from diagnosis, to therapy, to monitoring. We are a $19.6 billion business with 51,000 colleagues working to create a world where healthcare has no limits.Follow us on LinkedIn, Twitter, and Insights for the latest news, or visit our website https://www.gehealthcare.com/ for more information.About OSF HealthCareOSF HealthCare is an integrated health system founded by The Sisters of the Third Order of St. Francis. Headquartered in Peoria, Illinois, OSF HealthCare has 16 hospitals – 10 acute care, five critical access, 1 transitional care - with 2,131 licensed beds throughout Illinois and Michigan. OSF employs nearly 24,000 Mission Partners across 150+ locations; has two colleges of nursing; operates OSF Home Care Services, an extensive network of home health and hospice services; owns Pointcore, Inc., comprised of health care-related businesses; OSF HealthCare Foundation, the philanthropic arm for the organization; and OSF Ventures, which provides investment capital for promising health care innovation startups. In 2020, OSF OnCall was established, a digital health operating unit, including a hospital-at-home. OSF OnCall delivers care and services when, where and how patients prefer to receive them. OSF HealthCare has been recognized by Fortune as one of the most innovative companies in the country. More at osfhealthcare.org.About Pointcore , Inc.Pointcore serves the healthcare industry through proven excellence in key services that enable patient care including technology services (application, IT, network and cybersecurity), healthcare technology management (HTM or biomedical equipment services), supply chain, business and construction. As an extension of OSF HealthCare, one of the nation’s leading healthcare organizations, Pointcore leverages decades of experience serving hospitals and clinics of all sizes to extend resources, share cost and utilize common infrastructure with external clients, all to the benefit of patients. Learn more about Pointcore innovation by following us on LinkedIn and at Pointcore.com.View source version on businesswire.com: https://www.businesswire.com/news/home/20240219668148/en/ContactsGE HealthCare Media ContactCaitlin LameyM +1 951 249 [email protected] Relations Contact:Carolynne [email protected] HealthCare Media ContactShelli DankoffM +1 (309) [email protected]

Business Wire

Serving Patients and Communities Through Comprehensive Care Solutions: OSF HealthCare, Pointcore, Inc. and GE HealthCare Enter Strategic Care Alliance

https://finance.yahoo.com/news/serving-patients-communities-comprehensive-care-150000270.html

59cb8486-adbf-3be6-b8ee-70f7893c6764

GEHC

Collaboration supports the patient journey across the care continuum and eases transitions and care from the hospital to homeCHICAGO and BOSTON, Feb. 26, 2024 /PRNewswire/ -- GE HealthCare (Nasdaq: GEHC) and Biofourmis have announced a strategic collaboration aimed at enhancing continuity of care by enabling safe, effective, and accessible care in the home to support the patient journey beyond the hospital setting. The collaboration leverages the combined expertise of two market leaders to scale and deliver innovative care-at-home solutions.Biofourmis brings the right care to every person, no matter where they are. Trusted by leading health systems, payers, biopharma companies and patients alike, Biofourmis’ connected platform improves patient outcomes, prevents hospital readmissions, accelerates drug development, and closes critical gaps in care—ultimately making science smarter, healthcare simpler, and patients healthier. (PRNewsfoto/Biofourmis)Hospital systems are experiencing increased cost of care due to workforce shortages, constrained bed capacity and increasing readmission rates.i,ii Care-at-home programs, which typically include a virtual component, have proven to be effective in decreasing the length of stay and readmission rates which can result in the overall cost of care being reduced.iii,iv Additionally, care-at-home programs can also support patient recovery and safety, with a potential reduction in fall risk and hospital acquired infectionsv Patients using remote solutions in their homes are three times more likely to be satisfied with the overall care experience.viThe goal of the GE HealthCare-Biofourmis collaboration is to enable more patients to go home earlier, and offer an alternative to facility-based care with the comfort and peace of mind that they are receiving high quality care at home with the intent of driving healthy behaviors in patients by managing them remotely. Moreover, insights from Biofourmis' FDA-cleared, AI-guided algorithms can help care teams deliver efficient, personalized care at home."Biofourmis' demonstrated success with care-at-home solutions will extend GE HealthCare's current inpatient monitoring portfolio to support patient care from the hospital to home," said Ashutosh Banerjee, GE HealthCare. "Combining our companies' demonstrated capabilities will help revolutionize the way we approach the patient care journey as well as help address current challenges faced by health systems including hospital capacity issues and clinical staffing shortages."Story continuesBiofourmis offers care-at-home solutions to deliver and enable care both virtually and in person using its digital platform, with FDA-cleared AI-guided algorithms, clinical-grade wearable devices, in-home services orchestration technology, and nursing services. The solutions provide numerous dynamic care pathways with questionnaire-branching logic to provide enhanced clinical context for care teams.GE HealthCare's FlexAcuity™ monitoring solutions in combination with GE HealthCare's virtual care solutions like Mural ICU, Command Center and Digital CMU adapt to rapidly changing patient needs in the hospital and are built on a legacy of innovation. By offering Biofourmis' virtual care-at-home solutions to customers, GE HealthCare can extend the care continuum beyond the hospital, and care teams can have a longitudinal patient view beyond the hospital setting.Ross Armstrong, General Manager of Biofourmis Care, said: "Our collaboration will enable health systems and hospitals to leverage the power of technology and data in order to shape patient-focused solutions across the care continuum, no matter where the site of care is."GE HealthCare will begin distributing Biofourmis solutions to customers in the United States starting Q1 2024.About BiofourmisBiofourmis delivers technology-enabled solutions that bring the right care to any person anywhere. Biofourmis' innovative solutions provide people everywhere with connected access to hospital-level services, virtual provider networks for remote care, in-home services, and life-changing clinical trials—all without leaving their homes. The company's FDA-cleared AI-enabled analytics collect and analyze patient data in real time and identify shifts that can assist in supporting proactive interventions. Trusted by leading health systems, payers, biopharma companies and patients alike, Biofourmis' connected platform improves patient outcomes, prevents hospital readmissions, aims to accelerate drug development, and closes critical gaps in care—ultimately making science smarter, healthcare simpler, and patients healthier. Biofourmis is a global technology company enabling care delivery, with headquarters in Boston and offices in Singapore and India. For more information, visit biofourmis.com and follow Biofourmis on LinkedIn.About GE HealthCare Technologies Inc.GE HealthCare is a leading global medical technology, pharmaceutical diagnostics, and digital solutions innovator, dedicated to providing integrated solutions, services, and data analytics to make hospitals more efficient, clinicians more effective, therapies more precise, and patients healthier and happier. Serving patients and providers for more than 100 years, GE HealthCare is advancing personalized, connected, and compassionate care, while simplifying the patient's journey across the care pathway. Together our Imaging, Ultrasound, Patient Care Solutions, and Pharmaceutical Diagnostics businesses help improve patient care from diagnosis, to therapy, to monitoring. We are a $19.6 billion business with 51,000 colleagues working to create a world where healthcare has no limits.Follow us on LinkedIn, Twitter, and Insights for the latest news, or visit our website https://www.gehealthcare.com/ for more information.Media Contacts: Biofourmis Media Contact:Tara StultzAmendola Communications440. 225. [email protected] HealthCare Media Contact:Jennifer Purdue267. 593. [email protected] Fleron, A., Krishna, A., & Singhal, S. (2022, September 19). The gathering storm: The transformative impact of inflation on the healthcare sector. McKinsey & Company. https://www.mckinsey.com/industries/healthcare/our-insights/the-gathering-storm-the-transformative-impact-of-inflation-on-the-healthcare-sectorii Massive Growth in Expenses and Rising Inflation Fuel Continued Financial Challenges for America's Hospitals and Health Systems . American Hospital Association. (2022, April). https://www.aha.org/system/files/media/file/2022/04/2022-Hospital-Expenses-Increase-Report-Final-Final.pdfiii Levine DM, Ouchi K, Blanchfield B, Saenz A, Burke K, Paz M, Diamond K, Pu CT, Schnipper JL. Hospital-Level Care at Home for Acutely Ill Adults: A Randomized Controlled Trial. Ann Intern Med. 2020 Jan 21;172(2):77-85. doi: 10.7326/M19-0600. Epub 2019 Dec 17. PMID: 31842232.iv Leff B, Burton L, Mader SL, Naughton B, Burl J, Inouye SK, Greenough WB 3rd, Guido S, Langston C, Frick KD, Steinwachs D, Burton JR. Hospital at home: feasibility and outcomes of a program to provide hospital-level care at home for acutely ill older patients. Ann Intern Med. 2005 Dec 6;143(11):798-808. doi: 10.7326/0003-4819-143-11-200512060-00008. PMID: 16330791.v Telehealth: Helping hospitals deliver cost-effective care. American Hospital Association. (2016, April 22). https://www.aha.org/system/files/content/16/16telehealthissuebrief.pdf  vi Leff B, Burton L, Mader S, Naughton B, Burl J, Clark R, Greenough WB 3rd, Guido S, Steinwachs D, Burton JR. Satisfaction with hospital at home care. J Am Geriatr Soc. 2006 Sep;54(9):1355-63. doi: 10.1111/j.1532-5415.2006.00855.x. PMID: 16970642. GE HealthCare is a leading global medical technology, pharmaceutical diagnostics, and digital solutions innovator, dedicated to providing integrated solutions, services, and data analytics to make hospitals more efficient, clinicians more effective, therapies more precise, and patients healthier and happier.CisionView original content to download multimedia:https://www.prnewswire.com/news-releases/ge-healthcare-and-biofourmis-collaborate-to-extend-patient-monitoring-outside-the-hospital-with-virtual-care-at-home-solutions-302070324.htmlSOURCE Biofourmis

PR Newswire

GE HealthCare and Biofourmis Collaborate to Extend Patient Monitoring Outside the Hospital with Virtual Care-at-Home Solutions

https://finance.yahoo.com/news/ge-healthcare-biofourmis-collaborate-extend-123000141.html

20283e33-edb6-3590-b865-a28b6bb488b6

GEHC

LOGIQ E10 Series and LOGIQ Fortis include new features and AI-based tools to advance imaging capabilities for high-quality assessments; new "LOGIQ AppAPI" enables third-party applications to extend capabilities, including PIUR IMAGING "PIUR tUS inside" 3D imaging solution for thyroid examinationIntroducing LOGIQ Totus, a multi-purpose, versatile ultrasound solution designed for full-body imaging in a variety of clinical environmentsLOGIQ portfolio integrates Vscan Air CL for wireless flexibility and go anywhere imaging performanceCHICAGO, February 28, 2024--(BUSINESS WIRE)--GE HealthCare (Nasdaq: GEHC) today announced its latest innovation in ultrasound with the launch of its next-level LOGIQ ultrasound portfolio—including the new LOGIQ Totus—highlighting the company’s progress in advancing precision care. LOGIQ, is a trusted companion in general ultrasound imaging and has supported clinicians in delivering high-quality, patient-driven innovation for more than 30 years. The elevated LOGIQ portfolio innovative new features and advanced artificial intelligence (AI) tools are designed to address the evolving needs of healthcare providers with easy imaging, efficient workflow and Verisound digital and AI solutions including reporting, fleet management, AI and collaboration tools.There is an increasing global shortage of radiologists, with an estimated 13 radiologists per 100,000 population in Europe and projections of shortages in specialties—including radiology—to range from 10,300 to 35,600 physicians by 2034 in the United States.1,2 These shortages are fueling clinician challenges due to increased demand, leading to higher rates of burnout."At GE HealthCare, we’re focused on driving innovation that enables precision care, and the enhanced LOGIQ portfolio allows us to deliver on this promise with products and solutions that help clinicians optimize care with ease and efficiency," said Jyoti Gera, General Manager, General Imaging and Primary Care, Ultrasound at GE HealthCare. "The comprehensive portfolio of advanced solutions within the LOGIQ portfolio enhances clinical confidence with its proven features and AI tools to ensure next-level, patient-centered care for a broad spectrum of patients in a variety of clinical settings, as well as address the most pressing challenges and burdens faced by clinicians."Story continuesTo help meet these challenges, the LOGIQ E10 Series and LOGIQ Fortis are now available with new AI-based workflow and decision-support tools for diagnostic-quality imaging and clinical decision making. The Vscan Air CL handheld ultrasound can also be integrated with these ultrasound systems as a wireless dual-probe with curved and linear transducers for added flexibility. The comprehensive tools accessible with LOGIQ E10 Series and LOGIQ Fortis maintain the ease of operation while providing greater functionality and efficiency.In addition, the new LOGIQ Totus joins the LOGIQ family as a versatile ultrasound solution with an ergonomic-friendly design, advanced imaging quality and comprehensive specialty tools for improved workflow efficiency and diagnostic confidence. The new ultrasound system is equipped with advanced transducers, including the ability to integrate the handheld, wireless Vscan Air CL probe, and functionality to help rapidly assess patient needs in a variety of clinical scenarios. Additional features include AI-powered decision support and voice control, with potential to increase productivity and minimize complexities, allowing clinicians to provide patients with the best possible care.The addition of LOGIQ AppAPI for LOGIQ solutions extends the capabilities of LOGIQ through innovative third-party applications beyond Verisound digital offerings. With LOGIQ AppAPI, GE HealthCare can collaborate with third parties on applications that run directly on the LOGIQ system or use real-time streaming of ultrasound data to run side-by-side with the LOGIQ system. This innovative technology enables the use of LOGIQ ultrasound systems with added benefits and tools.PIUR IMAGING’s ‘PIUR tUS inside’ is one of the first integrated LOGIQ AppAPI partners. The solution prepares clinicians with a tool to precisely diagnose thyroid medical conditions by automatically segmenting the thyroid, producing sagittal/transverse/coronal views, building 3D rendering and measuring nodules and classifying, according to the American College of Radiology (ACR) Thyroid Imaging Reporting and Data System (TI-RADS) classification. This feature is currently available in European markets that comply with CE marking, with additional regulatory approvals pending."We’re at the forefront of accelerating care with next-generation ultrasound solutions harnessing the strength of our products and digital solutions for integrated next-level patient care," said Karley Yoder, General Manager, Point of Care Ultrasound (POCUS) and Digital, and Chief Digital Officer, Ultrasound at GE HealthCare. "The latest advances to the LOGIQ portfolio harness the power of artificial intelligence and our handheld wireless ultrasound probes to help make clinicians more efficient and confident in delivering quality care."The LOGIQ E10 Series, LOGIQ Fortis and LOGIQ Totus are available in key countries around the globe. GE HealthCare will demonstrate the next-generation LOGIQ portfolio at the European Congress of Radiology (ECR) on February 28 to March 3 in Vienna.For more information on the latest LOGIQ ultrasound solutions, visit: https://www.gehealthcare.com/products/ultrasound/logiq.About GE HealthCare Technologies Inc.GE HealthCare is a leading global medical technology, pharmaceutical diagnostics, and digital solutions innovator, dedicated to providing integrated solutions, services, and data analytics to make hospitals more efficient, clinicians more effective, therapies more precise, and patients healthier and happier. Serving patients and providers for more than 100 years, GE HealthCare is advancing personalized, connected, and compassionate care, while simplifying the patient’s journey across the care pathway. Together our Imaging, Ultrasound, Patient Care Solutions, and Pharmaceutical Diagnostics businesses help improve patient care from diagnosis, to therapy, to monitoring. We are a $19.6 billion business with 51,000 colleagues working to create a world where healthcare has no limits.Follow us on LinkedIn, X (formerly Twitter), and Insights for the latest news, or visit our website https://www.gehealthcare.com/ for more information.1 Radiology Facing a Global Shortage. RSNA News. 10 May 2022. https://www.rsna.org/news/2022/may/global-radiologist-shortage2 ACR, RBMA Urge Congress to Address Workforce Shortages. ACR. 23 March 2023. https://www.acr.org/Advocacy-and-Economics/Advocacy-News/Advocacy-News-Issues/In-the-March-25-2023-Issue/ACR-RBMA-Urge-Congress-to-Address-Workforce-ShortagesView source version on businesswire.com: https://www.businesswire.com/news/home/20240227223217/en/ContactsGE HealthCare Media Contact Eric TatroGE HealthCare+1 312 459 [email protected]

Business Wire

GE HealthCare Showcases Precision Care with Launch of Elevated LOGIQ Ultrasound System Portfolio at European Congress of Radiology 2024

https://finance.yahoo.com/news/ge-healthcare-showcases-precision-care-130000247.html

5f39fa63-cd58-3eed-bc19-fa51ccc99528

GEHC

Booth (#2500) will showcase AI-enabled innovations and digital solutions that enhance clinical decision making and provide personalized patient careORLANDO, Fla., March 07, 2024--(BUSINESS WIRE)--GE HealthCare (Nasdaq: GEHC) will showcase its industry-leading portfolio of artificial intelligence (AI)-enabled medical devices and digital solutions in Booth 2500 at the Health Information and Management Systems Society (HIMSS) Global Health Conference and Exhibition in Orlando, FL from March 11-15, 2024.In the U.S., clinicians spend nearly twice as much time working with electronic health records as working with patients.i This challenge is only increasing as healthcare data grows in volume, size and associated costs to manage it – leaving 97% of data produced in U.S. hospitals unused today.ii To help care teams make better use of this data, GE HealthCare is leveraging AI to help ease clinical workflows, enabling care teams to enhance precision care."At GE HealthCare, we understand the critical challenges healthcare providers face, from staffing shortages to complex workflows. Our AI-enabled portfolio, including our Command Center Software Platform, Edison True PACS, and Venue Family ultrasound systems with Caption Guidance, is designed to directly address these issues. By integrating AI into our products, we enable clinicians to make better use of data, streamline their workflows, and enhance patient care. Products like Vscan Air epitomize our commitment to providing flexible, efficient solutions. With these innovations, we’re not just delivering advanced technology; we’re offering practical solutions that have a real impact on both clinicians and patients, ensuring healthcare delivery is both effective and compassionate in today’s demanding environment," said Taha Kass-Hout, MD, MS, Chief Technology and Science Officer, GE HealthCare.GE HealthCare’s devices top the U.S. Food and Drug Administration (FDA) list of AI-enabled medical devices with 58 listed 510(k) clearances or authorizations in the U.S. to date. At HIMSS 2024, GE HealthCare will be exhibiting the following medical devices and digital solutions:Story continuesApp Orchestrator: App Orchestrator, an application orchestration solution, gives customers easy access to multiple apps from multiple companies. Compatible with most major PACS systems, App Orchestrator integrates these apps into the provider’s existing workflow, eliminating the need for a user to trigger each app.CardioVisio Powered by Centricity Cardio Enterpriseiii: CardioVisio for Atrial Fibrillation is a digital tool designed to assist clinicians in visualizing longitudinal data relevant for disease progression from multiple data sources. This integrated system leverages organized data like imaging report and waveform analysis reports in the cardiology care pathway and provide evidence based clinical decision support based on up to date AFib guidelines.Command Center Software Platform: Command Center Software Platform provides a real-time and predictive control system for ongoing patient care orchestration. The platform integrates streaming data from the EMR and other source systems, connects dots, and applies AI to put crucial insights at the hands of caregivers and leaders via "Tiles." A Tile is a decision support application within the Command Center Software Platform. Tiles enable teams to take action with real time & cross-system insight. Other Command Center tiles include Capacity Expediter Tile, Patient Manager Tile and Boarders & Transfers Intake Tile.Edison True PACS: Edison True PACS is a diagnostic imaging and workflow solution designed to help enable radiologist to be more efficient and precise. It supports organizations to improve workflow efficiency by leveraging the latest PACS technology. At HIMSS 2024, AWS will be in the GE HealthCare booth to support exploring these solutions.Portrait Mobile Wireless and Wearable Monitoring Solution: Portrait Mobile enables real-time continuous monitoring with a personalized view of the patient’s vitals to aid early detection of deterioration while keeping patients mobile during critical recovery periods, especially after surgery or discharge from the intensive care unit. Portrait Mobile’s routable communications architecture enables hospitals to leverage their existing network infrastructure when deploying the system, potentially reducing installation and maintenance costs. And by adopting IHE/HL7® standards, Portrait Mobile can easily integrate with EMR systems to enable ADT workflows for admit and discharge, publish clinical documentation to patient records or connect with other third-party platforms such as a distributed alert system.ReadySee Asset Management & Network Supervision Solution: ReadySee helps clinical engineering and healthcare IT professionals ensure their devices and networks are ready to go, so clinical teams can be ready to care for their patients. ReadySee provides granular visibility into devices and networks; proactive inventory management; and automatic monitoring to get ahead of any traffic flow or infrastructure issues so teams can proactively manage and prioritize risk.Virtual Care-at-Home: Through a new collaboration, GE HealthCare will extend its current portfolio of inpatient monitoring solutions by offering Biofourmis virtual care-at-home solutions to customers, so care teams can have a longitudinal patient view beyond the hospital setting. Already existing GE HealthCare FlexAcuity monitoring solutions in combination with GE HealthCare’s virtual care solutions like Mural ICU, Command Center and Digital CMU in the hospital setting adapt to rapidly changing patient needs and are built on a legacy of innovation.Venue Family with Caption Guidance: Venue Family point-of-care ultrasound systems now feature Caption Guidance, AI-driven technology that provides real-time guidance to users for capturing diagnostic-quality cardiac images. The Venue Family is the first among GE HealthCare ultrasound products to incorporate this scan guidance technology following the company’s acquisition of Caption Health last year. Caption Guidance is an optional add-on that offers new capabilities at the point of care, supporting clinicians in a wide range of clinical settings and practices such as emergency departments, critical care wards, and anesthesiology.Vscan Air and Vscan Digital Tools: GE HealthCare's Vscan Air offers two flexible, wireless, dual-probe handheld ultrasound options: the new Vscan Air SL, which includes a sector-phased array transducer for rapid cardiac assessments, and the Vscan Air CL, which includes a curved array transducer for abdominal imaging, obstetric assessments, and more. Uniquely, both models also include a linear array transducer bringing shallow and deep scanning together on a single dual probe device suitable for a wide range of assessments. Both models provide a flexible, lightweight, wireless device that delivers crystal clear images anytime, anywhere to help accelerate diagnoses and treatment decisions. With Vscan Digital Tools, users are connected to a suite of user-centric digital tools through an optional Vscan Air subscription. The tools can help improve workflow with secure collaboration and image management solutions.Verisound: Verisound is GE HealthCare’s full suite of Digital and AI solutions, inclusive of reporting, fleet management, and collaboration tools. All products under this umbrella are developed to assist clinicians in simplifying the ultrasound workflow and allowing them to spend more time with patients.GE HealthCare presentations and collaboration activities at HIMSS 2024 include:Monday, March 11:AI in Healthcare Forum: Unleashing the Potential of Foundation Models (11:15 AM – 11:30 AM ET, Hall F [WF3])Tuesday, March 12:Scaling Hospital to Home Transitions and the Evolving Role of Digital Care Solutions Breakfast Briefing (7:00 AM – 8:15 AM ET, W203A)Lunch & Learn on Empowering your Health System Transformation Journey (11:00 AM – 12:00 PM ET, W203B)Wednesday, March 13:Breakfast Briefing on Charting Your Course to Cloud Enterprise Imaging (7:00 AM – 8:15 AM ET, W203A)Views from the Top: The Future of AI in Healthcare – The Future of AI in Healthcare: Challenges, Collaborations, and Innovations (8:30 AM – 9:30 AM ET, W224E)Thursday, March 14:Lunch & Learn on Improving Access to Care with AI and Automation (11:00 AM – 12:15 PM ET, W202B)For more information on GE HealthCare solutions at HIMSS, visit Booth 2500 or the HIMSS 2024 event page.About GE HealthCare Technologies Inc.GE HealthCare is a leading global medical technology, pharmaceutical diagnostics, and digital solutions innovator, dedicated to providing integrated solutions, services, and data analytics to make hospitals more efficient, clinicians more effective, therapies more precise, and patients healthier and happier. Serving patients and providers for more than 100 years, GE HealthCare is advancing personalized, connected, and compassionate care, while simplifying the patient’s journey across the care pathway. Together our Imaging, Ultrasound, Patient Care Solutions, and Pharmaceutical Diagnostics businesses help improve patient care from diagnosis, to therapy, to monitoring. We are a $19.6 billion business with 51,000 colleagues working to create a world where healthcare has no limits.Follow us on LinkedIn, X (formerly Twitter), and Insights for the latest news, or visit our website https://www.gehealthcare.com/ for more information.i RBC Capital Markets. Episode 1: The healthcare data explosion. Accessed September 28, 2023. https://www.rbccm.com/en/gib/healthcare/episode/the_healthcare_data_explosion#content-panelii Deloitte. Health data: a holistic approach to unlock the value of health data. Accessed September 25, 2023. https://www2.deloitte.com/content/dam/Deloitte/be/Documents/life-sciences-health-care/Health%20Data.pdfiii CentricityTM Cardio Enterprise is a solution comprised of Centricity TM Universal Viewer and CentricityTM Cardio WorkflowView source version on businesswire.com: https://www.businesswire.com/news/home/20240307507088/en/ContactsMedia Contact: Linh DinhGlobal Communications Director, Science & TechnologyM [email protected]

Business Wire

GE HealthCare to Spotlight Industry-Leading AI-Enabled Portfolio and Digital Solutions at HIMSS 2024

https://finance.yahoo.com/news/ge-healthcare-spotlight-industry-leading-140000621.html

1d6e9f22-1804-35be-8ded-712a100292ee

GEN

Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Gen Digital Inc. (NASDAQ:GEN) is about to trade ex-dividend in the next 4 days. 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 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. Thus, you can purchase Gen Digital's shares before the 15th of February in order to receive the dividend, which the company will pay on the 13th of March.The company's upcoming dividend is US$0.125 a share, following on from the last 12 months, when the company distributed a total of US$0.50 per share to shareholders. Last year's total dividend payments show that Gen Digital has a trailing yield of 2.3% on the current share price of US$21.35. If you buy this business for its dividend, you should have an idea of whether Gen Digital's dividend is reliable and sustainable. We need to see whether the dividend is covered by earnings and if it's growing. Check out our latest analysis for Gen Digital 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. Gen Digital paid out just 23% of its profit last year, which we think is conservatively low and leaves plenty of margin for unexpected circumstances. Yet cash flows are even more important than profits for assessing a dividend, so we need to see if the company generated enough cash to pay its distribution. Thankfully its dividend payments took up just 33% of the free cash flow it generated, which is a comfortable payout ratio.It's positive to see that Gen Digital's dividend is covered by both profits and cash flow, since this is generally a sign that the dividend is sustainable, and a lower payout ratio usually suggests a greater margin of safety before the dividend gets cut.Story continuesClick here to see the company's payout ratio, plus analyst estimates of its future dividends.historic-dividendHave Earnings And Dividends Been Growing?Stocks in companies that generate sustainable earnings growth often make the best dividend prospects, as it is easier to lift the dividend when earnings are rising. If business enters a downturn and the dividend is cut, the company could see its value fall precipitously. This is why it's a relief to see Gen Digital earnings per share are up 7.0% per annum over the last five years. Management have been reinvested more than half of the company's earnings within the business, and the company has been able to grow earnings with this retained capital. We think this is generally an attractive combination, as dividends can grow through a combination of earnings growth and or a higher payout ratio over time.Many investors will assess a company's dividend performance by evaluating how much the dividend payments have changed over time. Gen Digital's dividend payments per share have declined at 1.8% per year on average over the past 10 years, which is uninspiring.The Bottom LineIs Gen Digital an attractive dividend stock, or better left on the shelf? Earnings per share have been growing moderately, and Gen Digital is paying out less than half its earnings and cash flow as dividends, which is an attractive combination as it suggests the company is investing in growth. We would prefer to see earnings growing faster, but the best dividend stocks over the long term typically combine significant earnings per share growth with a low payout ratio, and Gen Digital is halfway there. Gen Digital looks solid on this analysis overall, and we'd definitely consider investigating it more closely.With that in mind, a critical part of thorough stock research is being aware of any risks that stock currently faces. For example, we've found 3 warning signs for Gen Digital (1 is significant!) that deserve your attention before investing in the shares.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.

Should You Buy Gen Digital Inc. (NASDAQ:GEN) For Its Upcoming Dividend?

https://finance.yahoo.com/news/buy-gen-digital-inc-nasdaq-145850265.html

cab87544-4162-3c3e-b24c-351c03571558

GEN

For Immediate ReleaseChicago, IL – February 20, 2024 – Stocks in this week’s article are AxoGen AXGN, Western Digital WDC and Gen Digital Inc. GEN.3 Best Stocks to Buy for Remarkable Earnings AccelerationEarnings growth captivates almost everyone, from the top brass to research analysts. After all, earnings are a measure of the money a company is making.Still, earnings acceleration works even better when lifting the stock price. Studies have shown that most successful stocks have seen an acceleration in earnings before an uptick in their price.Earnings acceleration is the incremental growth in a company’s earnings per share (EPS). In other words, if the rate of a company’s quarter-over-quarter earnings growth increases within a stipulated frame of time, it can be called earnings acceleration.In the case of earnings growth, you pay for something that is already reflected in the stock price. But earnings acceleration helps spot stocks that haven’t yet caught the attention of investors and, once secured, will invariably lead to a rally in the share price. This is because earnings acceleration considers both the direction and magnitude of growth rates.An increasing percentage of earnings growth means that the company is fundamentally sound and has been on the right track for a considerable period. Meanwhile, a sideways percentage of earnings growth indicates a period of consolidation or slowdown, while a decelerating percentage of earnings growth may sometimes drag prices down.The above criteria narrowed the universe of around 7,735 stocks to only five. Here are the top three stocks:AxoGen engages in developing and marketing surgical solutions for peripheral nerves. AxoGen currently has a Zacks Rank #2 (Buy). AXGN’s expected earnings growth rate for the current year is 46.7%. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.Western Digital is one of the largest hard disk drive producers in the United States. Western Digital currently has a Zacks Rank #2. WDC’s expected earnings growth rate for the current year is 40.1%.Story continuesGen Digital Inc. is a company dedicated to powering Digital Freedom through its trusted Cyber Safety brands. Gen Digital currently has a Zacks Rank #2. GEN’s expected earnings growth rate for the current year is 7.7%.You can sign up now for your 2-week free trial to the Research Wizard and start using this screen in your trading. Further, you can also create your own strategies and test them first before taking the investment plunge.The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.Click here to sign up for a free trial to the Research Wizard today.For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/2227290/3-best-stocks-to-buy-for-remarkable-earnings-accelerationFollow us on Twitter:  https://www.twitter.com/zacksresearchJoin us on Facebook:  https://www.facebook.com/ZacksInvestmentResearchZacks 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.Contact: Jim GiaquintoCompany: Zacks.comPhone: 312-265-9268Email: [email protected]: https://www.zacks.com/Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer. Past 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 reportWestern Digital Corporation (WDC) : Free Stock Analysis ReportGen Digital Inc. (GEN) : Free Stock Analysis ReportAxoGen, Inc. (AXGN) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Zacks.com featured highlights AxoGen, Western Digital and Gen Digital

https://finance.yahoo.com/news/zacks-com-featured-highlights-axogen-100600061.html

6875b229-ba76-34e3-9631-289f9338c008

GEN

Key InsightsUsing the 2 Stage Free Cash Flow to Equity, Gen Digital fair value estimate is US$38.03Gen Digital's US$21.40 share price signals that it might be 44% undervaluedOur fair value estimate is 46% higher than Gen Digital's analyst price target of US$26.09In this article we are going to estimate the intrinsic value of Gen Digital Inc. (NASDAQ:GEN) by taking the forecast future cash flows of the company and discounting them back to today's value. This will be done using the Discounted Cash Flow (DCF) model. Believe it or not, it's not too difficult to follow, as you'll see from our example!Companies can be valued in a lot of ways, so we would point out that a DCF is not perfect for every situation. Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model. View our latest analysis for Gen Digital The CalculationWe're using the 2-stage growth model, which simply means we take in account two stages of company's growth. In the initial period the company may have a higher growth rate and the second stage is usually assumed to have a stable growth rate. To begin with, we have to get estimates of the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we need to discount the sum of these future cash flows to arrive at a present value estimate:10-year free cash flow (FCF) estimate2024202520262027202820292030203120322033 Levered FCF ($, Millions) US$994.7mUS$1.06bUS$1.27bUS$1.58bUS$1.67bUS$1.75bUS$1.81bUS$1.88bUS$1.93bUS$1.99bGrowth Rate Estimate SourceAnalyst x4Analyst x5Analyst x4Analyst x1Analyst x1Est @ 4.44%Est @ 3.80%Est @ 3.34%Est @ 3.03%Est @ 2.81% Present Value ($, Millions) Discounted @ 8.5% US$916US$902US$994US$1.1kUS$1.1kUS$1.1kUS$1.0kUS$973US$924US$875("Est" = FCF growth rate estimated by Simply Wall St)Present Value of 10-year Cash Flow (PVCF) = US$9.9bStory continuesAfter calculating the present value of future cash flows in the initial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. 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 8.5%.Terminal Value (TV)= FCF2033 × (1 + g) ÷ (r – g) = US$2.0b× (1 + 2.3%) ÷ (8.5%– 2.3%) = US$32bPresent Value of Terminal Value (PVTV)= TV / (1 + r)10= US$32b÷ ( 1 + 8.5%)10= US$14bThe 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$24b. To get the intrinsic value per share, we divide this by the total number of shares outstanding. Compared to the current share price of US$21.4, the company appears quite good value at a 44% discount to where the stock price trades currently. The assumptions in any calculation have a big impact on the valuation, so it is better to view this as a rough estimate, not precise down to the last cent.dcfImportant 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 Gen Digital 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 8.5%, which is based on a levered beta of 1.360. 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 Gen DigitalStrengthEarnings growth over the past year exceeded the industry.Dividends are covered by earnings and cash flows.WeaknessInterest payments on debt are not well covered.Dividend is low compared to the top 25% of dividend payers in the Software market.OpportunityAnnual earnings are forecast to grow for the next 3 years.Good value based on P/E ratio and estimated fair value.ThreatDebt is not well covered by operating cash flow.Annual 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. The DCF model is not a perfect stock valuation tool. 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. What is the reason for the share price sitting below the intrinsic value? For Gen Digital, we've put together three additional factors you should assess:Risks: You should be aware of the 3 warning signs for Gen Digital (1 is potentially serious!) we've uncovered before considering an investment in the company.Management:Have insiders been ramping up their shares to take advantage of the market's sentiment for GEN's future outlook? Check out our management and board analysis with insights on CEO compensation and governance factors.Other Solid Businesses: Low debt, high returns on equity and good past performance are fundamental to a strong business. Why not explore our interactive list of stocks with solid business fundamentals to see if there are other companies you may not have considered!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.

Gen Digital Inc. (NASDAQ:GEN) Shares Could Be 44% Below Their Intrinsic Value Estimate

https://finance.yahoo.com/news/gen-digital-inc-nasdaq-gen-164229890.html

1cf43698-a976-32e3-b319-64f9ea24de1e

GILD

- Key Findings from HIV Treatment Research Studies Evaluating Biktarvy® and Investigational Long-Acting Combination Regimens Affirm Commitment to Continuous Biomedical Innovation –– Latest Real-World Evidence Analyses Evaluate Impact of Veklury® on Mortality and Long-COVID –– New Data Evaluating the Safety and Efficacy of Hepcludex® in People with HIV/HBV/HDV Coinfection to Be Presented –FOSTER CITY, Calif., February 26, 2024--(BUSINESS WIRE)--Gilead Sciences, Inc. (Nasdaq: GILD) today announced the upcoming presentation of new clinical data and real-world evidence (RWE) from its antiviral research and development programs at the 31st Conference on Retroviruses and Opportunistic Infections (CROI 2024) taking place from March 3-6. The data from nearly eighty studies across HIV, COVID-19 and viral hepatitis include late-breaking data, four oral presentations, and reflect Gilead’s commitment to address the evolving needs of a diverse range of people and communities affected by some of the world’s most challenging viruses."At CROI 2024, we look forward to sharing new research that highlights the breadth of our antiviral portfolio and expanding pipeline as we strive to treat, prevent, cure and help eradicate viral diseases worldwide," said Frank Duff, MD, Senior Vice President, Virology Therapeutic Area Head, Gilead Sciences. "The data selected for presentation at CROI is a reflection of our unwavering commitment to advancing person-centered biomedical innovation in virology, aimed at fulfilling urgent global needs."HIV Treatment ResearchScientific discovery in HIV treatment is a pillar of Gilead’s commitment to help end the epidemic. At CROI 2024, presented study results and analyses will include further evaluation of Biktarvy® (bictegravir 50 mg/emtricitabine 200 mg/tenofovir alafenamide 25 mg tablets, B/F/TAF) as a long-term treatment option for a broad range of people with HIV who may also have common comorbidities and other specific health needs. Outcomes from pipeline research studies will also provide insights into investigational treatment candidates, including the novel combination regimen of lenacapavir plus bictegravir. Additionally, key findings from a study evaluating the investigational combination of lenacapavir with broadly neutralizing antibodies (bNAbs) will be featured in a late-breaker oral presentation. A late-breaker oral presentation of Week 24 data from the ongoing Phase 2 study evaluating an investigational once-weekly oral combination regimen of islatravir and lenacapavir will also be presented.Story continuesSpecifically, Biktarvy presentations will include a two-year analysis of data from the Phase 3 ALLIANCE trial evaluating factors associated with hepatitis B (HBV) treatment response in adults with HIV-1/HBV co-infection initiating treatment. Additionally, a late-breaker oral presentation of Week 24 data from the INSIGHT trial evaluating Biktarvy in people with HIV and tuberculosis will be presented.Gilead will also present outcomes from the ARTISTRY-1 Phase 2/3 study investigating the efficacy and safety of switching from a complex stable baseline regimen to an investigational once-daily single-tablet regimen of lenacapavir and bictegravir. Additional lenacapavir data presented at CROI 2024 will evaluate the efficacy and safety of the novel antiviral agent in combination with broadly neutralizing antibodies teropavimab (GS-5423) and zinlirvimab (GS-2872) as a potential long-acting treatment regimen with twice-yearly dosing.Additional HIV treatment research pipeline findings include an oral presentation of new proof-of-concept data on GS-1720, a novel once-weekly integrase strand transfer inhibitor (INSTI) and PRESTIGIO registry data evaluating sensitivity to broadly neutralizing antibodies teropavimab (GS-5423) and zinlirvimab (GS-2872) in people with multi-drug resistant HIV.COVID-19 ResearchGilead remains committed to understanding the COVID-19 treatment landscape and will present multiple RWE analyses, including on the impact of Veklury® (remdesivir) in reducing mortality in immunocompromised people hospitalized for COVID-19 during the Omicron period (Dec’21 - April’23). Gilead will also present a study on the disparities in COVID-19 treatment initiation by race and ethnicity among hospitalized patients and one on the effect of Veklury on long-COVID among people hospitalized with COVID-19. Additional presentations will include RWE of Veklury in combination with dexamethasone for the treatment of COVID-19, and study results from kidney transplant patients hospitalized with COVID-19.Viral Hepatitis ResearchGilead will present new data evaluating the safety and efficacy of Hepcludex® (bulevirtide) in people living with the coinfections of HIV, hepatitis B (HBV) and hepatitis delta (HDV). The aim of this 96-week analysis from the Phase 3 MYR301 study is to evaluate the safety and efficacy of Hepcludex (2 mg or 10 mg) in patients with HIV/HBV/HDV coinfection. A separate analysis of RWE will examine liver-related events in people living with HIV/HBV coinfection with and without HDV. Since limited data is available to describe the natural history of triple infection with HBV/HIV/HDV, this retrospective cohort study, conducted using HealthVerity claims data from the US, evaluates baseline liver health, HDV prevalence, and the risk of liver-related events in individuals with HBV/HIV with or without HDV.Select accepted abstracts are as follows:HIV Treatment Research (B/F/TAF)DispositionFactors associated with HBV response to B/F/TAF vs. DTG + F/TDF at W96 in people with HIV-1 and HBVPosterEfficacy, safety and PK of BIC/FTC/TAF in adults with HIV and Tuberculosis on rifampicin at Week 24LB OralInflammatory profile of B/F/TAF, DTG/ABC/3TC, and DTG+F/TAF over 5-years and effects of viral blipsPosterLongitudinal analysis of preexisting resistance-associated mutations prior to B/F/TAF switchPosterSafety of tenofovir alafenamide in individuals with a history of proximal renal tubulopathy on TDFPosterWeight gain in people with HIV (PWH) vs people without HIV (PWoH) over a 3-year periodPosterA randomized trial switching adults ≥ 60 years old from first-line ART to B/F/TAF: week 48 resultsPosterLong-Acting HIV Treatment Research (Lenacapavir) Efficacy and safety of weekly islatravir plus lenacapavir in PWH at 24 weeks: a Phase 2 studyLB OralLenacapavir efficacy in CAPELLA patients with no fully active agents in optimized background regimenPosterLenacapavir plus bNAbs for people with HIV and sensitivity to either teropavimab or zinlirvimabOralHIV Pipeline Research Phase 2 study of switch to daily BIC + LEN in individuals on a multi-tablet HIV treatment regimenPosterPreclinical characterization of GS-5894, a potent NNRTI with once-weekly oral dosing potentialPosterAntiviral activity, safety, and pharmacokinetics of GS-1720, a novel weekly oral INSTIOralTeropavimab and zinlirvimab sensitivity in people living with MDR HIV-1: PRESTIGIO registry dataPosterType I IFN signaling and regulation in vesatolimod-treated virally suppressed adults with HIV-1PosterHIV Prevention Research Sexual health outcomes among daily and on-demand oral PrEP users in ChinaOralHIV Cure Research Immune profile during ATI in AELIX-002 HTI vaccine trial and its role in post-intervention controlOralCOVID-19 Research Remdesivir reduces mortality in immunocompromised patients hospitalized for COVID-19 during OmicronLB PosterEffect of remdesivir on post-COVID conditions among individuals hospitalized with COVID-19 by ageLB PosterDisparities in treatment initiation by race and ethnicity among patients hospitalized for COVID-19PosterRemdesivir+dexamethasone vs. dexamethasone for the treatment of COVID-19: real-world study in the USLB PosterCharacteristics and outcomes of kidney transplant patients hospitalized for COVID-19 in the United StatesPosterViral Hepatitis Research Risk of liver-related events in individuals with HBV/HIV coinfection with and without HDVPosterEfficacy and safety of BLV 2 or 10 mg for 96 weeks in CHD including two patients with HIV/HBV/HDVPosterFor more information, including a complete list of abstracts and their corresponding oral and poster sessions, please visit https://www.croiconference.org.Teropavimab, zinlirvimab, vesatolimod, GS-5894 and GS-1720 are investigational compounds, and alone or in combination with lenacapavir, are not approved by the U.S. Food and Drug Administration or any other regulatory authority for any use. Their safety and efficacy are unknown.Lenacapavir, marketed as Sunlenca®, is approved in Australia, Canada, the European Union, Israel, Japan, Switzerland, the United Arab Emirates, the United Kingdom and the United States for the treatment of people with multi-drug resistant HIV in combination with other antiretroviral(s).Lenacapavir is being studied in multiple ongoing early and late-stage development programs and has the potential to offer a diverse set of person-centric options for treatment and prevention that could uniquely fit into the lives of people living with HIV and people who would benefit from pre-exposure prophylaxis (PrEP).The use of lenacapavir for HIV prevention is investigational and the safety and efficacy of lenacapavir for this use have not been established. Lenacapavir is being evaluated as a long-acting option in multiple ongoing and planned early and late-stage clinical studies in Gilead’s HIV prevention and treatment research program.Islatravir, alone or in combination with lenacapavir, is investigational and not approved anywhere globally. Their safety and efficacy have not been established.Bictegravir is an investigational compound and is not approved by any regulatory authority for use as a single-agent; its safety and efficacy are not established. ​Bictegravir and lenacapavir in combination are investigational and not approved anywhere globally. Their safety and efficacy have not yet been established.The use of Biktarvy in individuals with HIV-1/HBV co-infection is investigational, and the safety and efficacy of Biktarvy for this use have not been established.Hepcludex (bulevirtide) has received full marketing authorization from the European Commission for the treatment of adults with chronic HDV and compensated liver disease. In the United States and other areas outside of the European Union and European Economic Area, bulevirtide is an investigational product and its safety and efficacy have not been established.Please see below for the U.S. Indication and Important Safety Information for Veklury and Sunlenca®. Please also see below for U.S. Indication and Important Safety Information, including Boxed Warning, for Biktarvy. There is currently no cure for HIV or AIDS.About BiktarvyBiktarvy is a complete HIV treatment that combines three powerful medicines to form the smallest 3-drug, integrase strand transfer inhibitor (INSTI)-based single-tablet regimen (STR) available, offering simple once-daily dosing with or without food, with a limited drug interaction potential and a high barrier to resistance. Biktarvy combines the novel, unboosted INSTI bictegravir, with the Descovy® (emtricitabine 200 mg/tenofovir alafenamide 25 mg tablets, F/TAF) backbone. Biktarvy is a complete STR and should not be taken with other HIV medicines.About SunlencaSunlenca (300 mg tablet and 463.5 mg/1.5 mL injection) [(lenacapavir)] is a first-in-class, long-acting HIV capsid inhibitor for the treatment of HIV-1 infection, in combination with other antiretroviral(s), in adults with multi-drug resistant HIV who are heavily treatment-experienced. Sunlenca is the only HIV treatment option administered twice-yearly. Sunlenca tablets are approved for oral loading during initiation of Sunlenca treatment, prior to or at the time of the first long-acting lenacapavir injection depending on initiation option.The multi-stage mechanism of action of Sunlenca’s active pharmaceutical agent, lenacapavir, is distinguishable from other currently approved classes of antiviral agents. While most antivirals act on just one stage of viral replication, Sunlenca is designed to inhibit HIV at multiple stages of its lifecycle and has no known cross resistance exhibited in vitro to other existing drug classes.Lenacapavir is being evaluated as a long-acting option in multiple ongoing and planned early and late-stage clinical studies in Gilead's HIV prevention and treatment research program. Lenacapavir for HIV prevention is investigational, and its safety and efficacy for this use have not been established. Lenacapavir is being developed as a foundation for potential future HIV therapies with the goal of offering both long-acting oral and injectable options with several dosing frequencies, in combination or as a mono agent, that help address individual needs and preferences of people and communities affected by HIV.About VekluryVeklury (remdesivir) is a nucleotide analog prodrug invented by Gilead, building on more than a decade of the company’s antiviral research. Veklury is the antiviral standard of care for the treatment of hospitalized patients with COVID-19 and is a recommended treatment for reducing disease progression in non-hospitalized patients at high risk of disease progression. Veklury has an established safety profile and limited known drug interactions in diverse populations. It plays an important role in reducing disease progression across a spectrum of disease severity and enabling patients to recover faster. Veklury is contraindicated in patients with a history of clinically significant hypersensitivity reactions to Veklury or any of its components. Please see below for the U.S. Indication and Important Safety Information for Veklury.Veklury directly inhibits viral replication inside of the cell by targeting the SARS-CoV-2 viral RNA polymerase. Based on in vitro analyses, Veklury retains antiviral activity against recent Omicron subvariants of concern, including XBB, XBB.1.5 and CH.1.1. Veklury continues to be evaluated against emerging variants of interest and concern, including EG.5, EG.5.1 and BA.2.86.Veklury is approved in more than 50 countries worldwide. To date, Veklury and generic remdesivir have been made available to more than 14 million patients around the world, including more than 8 million people in middle- and low-income countries through Gilead’s voluntary licensing program.U.S. Indication for BiktarvyBiktarvy is indicated as a complete regimen for the treatment of human immunodeficiency virus type 1 (HIV-1) infection in adults and pediatric patients weighing at least 14 kg who have no antiretroviral treatment history or to replace the current antiretroviral regimen in those who are virologically-suppressed (HIV-1 RNA less than 50 copies per mL) on a stable antiretroviral regimen with no history of treatment failure and no known substitutions associated with resistance to the individual components of Biktarvy.U.S. Important Safety Information for BiktarvyBOXED WARNING: POST TREATMENT ACUTE EXACERBATION OF HEPATITIS BSevere acute exacerbations of hepatitis B have been reported in patients who are coinfected with HIV-1 and HBV and have discontinued products containing emtricitabine (FTC) and/or tenofovir disoproxil fumarate (TDF), and may occur with discontinuation of BIKTARVY. Closely monitor hepatic function with both clinical and laboratory follow-up for at least several months in patients who are coinfected with HIV-1 and HBV and discontinue BIKTARVY. If appropriate, anti-hepatitis B therapy may be warranted.ContraindicationsCoadministration: Do not use BIKTARVY with dofetilide or rifampin.Warnings and precautionsDrug interactions: See Contraindications and Drug Interactions sections. Consider the potential for drug interactions prior to and during BIKTARVY therapy and monitor for adverse reactions.Immune reconstitution syndrome, including the occurrence of autoimmune disorders with variable time to onset, has been reported.New onset or worsening renal impairment: Postmarketing cases of renal impairment, including acute renal failure, proximal renal tubulopathy (PRT), and Fanconi syndrome have been reported with tenofovir alafenamide (TAF)–containing products. Do not initiate BIKTARVY in patients with estimated creatinine clearance (CrCl) <30 mL/min except in virologically suppressed adults <15 mL/min who are receiving chronic hemodialysis. Patients with impaired renal function and/or taking nephrotoxic agents (including NSAIDs) are at increased risk of renal-related adverse reactions. Discontinue BIKTARVY in patients who develop clinically significant decreases in renal function or evidence of Fanconi syndrome.Renal monitoring: Prior to or when initiating BIKTARVY and during therapy, assess serum creatinine, CrCl, urine glucose, and urine protein in all patients as clinically appropriate. In patients with chronic kidney disease, assess serum phosphorus.Lactic acidosis and severe hepatomegaly with steatosis: Fatal cases have been reported with the use of nucleoside analogs, including FTC and TDF. Discontinue BIKTARVY if clinical or laboratory findings suggestive of lactic acidosis or pronounced hepatotoxicity develop, including hepatomegaly and steatosis in the absence of marked transaminase elevations.Adverse reactionsMost common adverse reactions (incidence ≥5%; all grades) in clinical studies through week 144 were diarrhea (6%), nausea (6%), and headache (5%).Drug interactionsPrescribing information: Consult the full prescribing information for BIKTARVY for more information on Contraindications, Warnings, and potentially significant drug interactions, including clinical comments.Enzymes/transporters: Drugs that induce P-gp or induce both CYP3A and UGT1A1 can substantially decrease the concentration of components of BIKTARVY. Drugs that inhibit P-gp, BCRP, or inhibit both CYP3A and UGT1A1 may significantly increase the concentrations of components of BIKTARVY. BIKTARVY can increase the concentration of drugs that are substrates of OCT2 or MATE1.Drugs affecting renal function: Coadministration of BIKTARVY with drugs that reduce renal function or compete for active tubular secretion may increase concentrations of FTC and tenofovir and the risk of adverse reactions.Dosage and administrationDosage: Adult and pediatric patients weighing ≥25 kg: 1 tablet containing 50 mg bictegravir (BIC), 200 mg emtricitabine (FTC), and 25 mg tenofovir alafenamide (TAF) taken once daily with or without food. Pediatric patients weighing ≥14 kg to <25 kg: 1 tablet containing 30 mg BIC, 120 mg FTC, and 15 mg TAF taken once daily with or without food. For children unable to swallow a whole tablet, the tablet can be split and each part taken separately as long as all parts are ingested within approximately 10 minutes.Renal impairment: For patients weighing ≥25 kg, not recommended in patients with CrCl 15 to <30 mL/min, or <15 mL/min who are not receiving chronic hemodialysis, or <15 mL/min who are receiving chronic hemodialysis and have no antiretroviral treatment history. For patients weighing ≥14 kg to <25 kg, not recommended in patients with CrCl <30 mL/min.Hepatic impairment: Not recommended in patients with severe hepatic impairment.Prior to or when initiating: Test patients for HBV infection.Prior to or when initiating, and during treatment: As clinically appropriate, assess serum creatinine, CrCl, urine glucose, and urine protein in all patients. In patients with chronic kidney disease, assess serum phosphorus.Pregnancy and lactationPregnancy: There is insufficient human data on the use of BIKTARVY during pregnancy. Dolutegravir, another integrase inhibitor, has been associated with neural tube defects. Discuss the benefit-risk of using BIKTARVY during pregnancy and conception. An Antiretroviral Pregnancy Registry (APR) has been established. Available data from the APR for FTC shows no difference in the rates of birth defects compared with a US reference population.Lactation: Women infected with HIV-1 should be instructed not to breastfeed, due to the potential for HIV-1 transmission.U.S. Indication for SunlencaSunlenca, a human immunodeficiency virus type 1 (HIV-1) capsid inhibitor, in combination with other antiretroviral(s), is indicated for the treatment of HIV-1 infection in heavily treatment-experienced adults with multidrug resistant HIV-1 infection failing their current antiretroviral regimen due to resistance, intolerance, or safety considerations.U.S. Important Safety Information for SunlencaContraindicationsCoadministration: Concomitant administration of Sunlenca is contraindicated with strong CYP3A inducers.Warnings and precautionsImmune reconstitution syndrome, including the occurrence of autoimmune disorders with variable time to onset, has been reported in patients treated with combination antiretroviral (ARV) therapy.Long-acting properties and potential associated risks with Sunlenca: Residual concentrations of Sunlenca may remain in the systemic circulation of patients for up to 12 months or longer. Sunlenca may increase exposure, and potential risk of adverse reactions, to drugs primarily metabolized by CYP3A initiated within 9 months after last injection. Counsel patients regarding the dosing schedule because nonadherence could lead to loss of virologic response and development of resistance. If virologic failure occurs, switch to an alternative regimen if possible. If discontinuing Sunlenca, begin alternate suppressive ARV regimen within 28 weeks from last injection.Injection site reactions may occur, and nodules and indurations may be persistent.Adverse reactionsMost common adverse reactions (incidence ≥3%, all grades) are injection site reactions (65%) and nausea (4%).Drug interactionsPrescribing information: Consult the full prescribing information for Sunlenca for more information on Contraindications, Warnings, and potentially significant drug interactions, including clinical comments.Enzymes/transporters: Drugs that are strong or moderate inducers of CYP3A may significantly decrease the concentration of Sunlenca. Drugs that strongly inhibit CYP3A, P-gp, and UGT1A1 together may significantly increase the concentration of Sunlenca. Sunlenca may increase the exposure of drugs primarily metabolized by CYP3A, when initiated within 9 months after the last injection of Sunlenca, which may increase the potential risk of adverse reactions.Dosage and administrationDosage: Initiation with 1 of 2 options, followed by maintenance dosing once every 6 months. Tablets may be taken with or without food.Initiation Option 1: Day 1: 927 mg by subcutaneous injection and 600 mg orally (2 x 300-mg tablets). Day 2: 600 mg orally (2 x 300-mg tablets).Initiation Option 2: Day 1: 600 mg orally (2 x 300-mg tablets). Day 2: 600 mg orally (2 x 300-mg tablets). Day 8: 300 mg orally (1 x 300-mg tablet). Day 15: 927 mg by subcutaneous injection.Maintenance: 927 mg by subcutaneous injection every 26 weeks +/- 2 weeks from date of last injection.Missed Dose: During the maintenance period, if more than 28 weeks have elapsed since the last injection and if clinically appropriate to continue Sunlenca treatment, restart the initiation dosage regimen from Day 1, Option 1 or Option 2.Pregnancy and lactationPregnancy: There is insufficient human data on the use of Sunlenca during pregnancy. An Antiretroviral Pregnancy Registry (APR) has been established.Lactation: Individuals infected with HIV-1 should be instructed not to breastfeed, due to the potential for HIV-1 transmission.U.S. Indication for VekluryVeklury (remdesivir 100 mg for injection) is indicated for the treatment of COVID-19 in adults and pediatric patients (≥28 days old and weighing ≥3 kg) who are:Hospitalized, orNot hospitalized and have mild-to-moderate COVID-19 and are at high risk for progression to severe COVID-19, including hospitalization or death.For more information, please see the U.S. full Prescribing Information available at www.gilead.com.U.S. Important Safety Information for VekluryContraindicationVeklury is contraindicated in patients with a history of clinically significant hypersensitivity reactions to Veklury or any of its components.Warnings and precautionsHypersensitivity, including infusion-related and anaphylactic reactions: Hypersensitivity, including infusion-related and anaphylactic reactions, has been observed during and following administration of Veklury; most occurred within one hour. Monitor patients during infusion and observe for at least one hour after infusion is complete for signs and symptoms of hypersensitivity as clinically appropriate. Symptoms may include hypotension, hypertension, tachycardia, bradycardia, hypoxia, fever, dyspnea, wheezing, angioedema, rash, nausea, diaphoresis, and shivering. Slower infusion rates (maximum infusion time up to 120 minutes) can potentially prevent these reactions. If a severe infusion-related hypersensitivity reaction occurs, immediately discontinue Veklury and initiate appropriate treatment (see Contraindications).Increased risk of transaminase elevations: Transaminase elevations have been observed in healthy volunteers and in patients with COVID-19 who received Veklury; these elevations have also been reported as a clinical feature of COVID-19. Perform hepatic laboratory testing in all patients (see Dosage and administration). Consider discontinuing Veklury if ALT levels increase to >10x ULN. Discontinue Veklury if ALT elevation is accompanied by signs or symptoms of liver inflammation.Risk of reduced antiviral activity when coadministered with chloroquine or hydroxychloroquine: Coadministration of Veklury with chloroquine phosphate or hydroxychloroquine sulfate is not recommended based on data from cell culture experiments, demonstrating potential antagonism, which may lead to a decrease in antiviral activity of Veklury.Adverse reactionsThe most common adverse reaction (≥5% all grades) was nausea.The most common lab abnormalities (≥5% all grades) were increases in ALT and AST.Drug interactionsDrug interaction trials of Veklury and other concomitant medications have not been conducted in humans.Dosage and administrationAdministration should take place under conditions where management of severe hypersensitivity reactions, such as anaphylaxis, is possible.Treatment duration:For patients who are hospitalized, Veklury should be initiated as soon as possible after diagnosis of symptomatic COVID-19.For patients who are hospitalized and do not require invasive mechanical ventilation and/or ECMO, the recommended treatment duration is 5 days. If a patient does not demonstrate clinical improvement, treatment may be extended up to 5 additional days, for a total treatment duration of up to 10 days.For patients who are hospitalized and require invasive mechanical ventilation and/or ECMO, the recommended total treatment duration is 10 days.For patients who are not hospitalized, diagnosed with mild-to-moderate COVID-19, and are at high risk for progression to severe COVID-19, including hospitalization or death, the recommended total treatment duration is 3 days. Veklury should be initiated as soon as possible after diagnosis of symptomatic COVID-19 and within 7 days of symptom onset for outpatient use.Testing prior to and during treatment: Perform hepatic laboratory, and prothrombin time testing prior to initiating Veklury and during use as clinically appropriate.Renal impairment: No dose adjustment of Veklury is recommended in patients with any degree of renal impairment, including patients on dialysis. Veklury may be administered without regard to the timing of dialysis.Pregnancy and lactationPregnancy: A pregnancy registry has been established for Veklury. Available clinical trial data for Veklury in pregnant women have not identified a drug-associated risk of major birth defects, miscarriage, or adverse maternal or fetal outcomes following second- and third-trimester exposure. There are insufficient data to evaluate the risk of Veklury exposure during the first trimester. Maternal and fetal risks are associated with untreated COVID-19 in pregnancy.Lactation: Veklury can pass into breast milk. The developmental and health benefits of breastfeeding should be considered along with the mother’s clinical need for Veklury and any potential adverse effects on the breastfed child from Veklury or from an underlying maternal condition. Breastfeeding individuals with COVID-19 should follow practices according to clinical guidelines to avoid exposing the infant to COVID-19.About Gilead Sciences in VirologyGilead Sciences, Inc. is a biopharmaceutical company that has pursued and achieved breakthroughs in medicine for more than three decades, with the goal of creating a healthier world for all people. The company is committed to advancing innovative medicines to prevent and treat life-threatening diseases, including HIV, viral hepatitis, COVID-19, and cancer. Gilead operates in more than 35 countries worldwide, with headquarters in Foster City, California.Gilead has a long history in virology and has pioneered inventions once thought impossible, including antiviral treatments for people and communities affected by some of the most challenging public health concerns including HIV, viral hepatitis and COVID-19.Gilead helps people and communities across the full continuum of care in virology by developing bold advances that treat, prevent and cure viral diseases and collaborating with community and research partners around the world. Gilead is deploying decades of antiviral expertise to provide solutions that help address the unmet and evolving needs of those impacted by viral diseases.Our work in virology has helped to transform the global health landscape and we are committed to advancing person-centered science and actionable education programs that make a difference for people and communities affected by viral diseases.Forward-Looking StatementsThis press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to risks, uncertainties and other factors, including Gilead’s ability to initiate, progress or complete clinical trials or studies within currently anticipated timelines or at all, and the possibility of unfavorable results from ongoing and additional clinical trials or studies, including those involving Biktarvy, Hepcludex, Veklury, lenacapavir, teropavimab, vesatolimod, zinlirvimab, GS-1720 and GS-5894; uncertainties relating to regulatory applications and related filing and approval timelines, including potential applications for indications currently under evaluation; the possibility that Gilead may make a strategic decision to discontinue development of these programs and, as a result, these programs may never be successfully commercialized for the indications currently under evaluation; and any assumptions underlying any of the foregoing. These and other risks, uncertainties and factors are described in detail in Gilead’s Annual Report on Form 10-K for the year ended December 31, 2023, as filed with the U.S. Securities and Exchange Commission. These risks, uncertainties and other factors could cause actual results to differ materially from those referred to in the forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. The reader is cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and is cautioned not to place undue reliance on these forward-looking statements. All forward-looking statements are based on information currently available to Gilead, and Gilead assumes no obligation and disclaims any intent to update any such forward-looking statements.U.S. full Prescribing Information for Biktarvy, including BOXED WARNING, U.S. full Prescribing Information for Sunlenca, and U.S. full Prescribing Information for Veklury are available at www.gilead.com.Biktarvy, Sunlenca, Veklury, Hepcludex, Gilead and the Gilead logo are registered trademarks of Gilead Sciences, Inc., or its related companies. All other trademarks are the property of their respective owner(s).For more information about Gilead, please visit the company’s website at www.gilead.com, follow Gilead on Twitter ( @Gilead Sciences ) and LinkedIn, or call Gilead Public Affairs at 1-800-GILEAD-5 or 1-650-574-3000.View source version on businesswire.com: https://www.businesswire.com/news/home/20240223287683/en/ContactsJacquie Ross, [email protected] Smith, [email protected]

Business Wire

Gilead to Present Late-Breaking Data and Real-World Evidence Highlighting Innovative Antiviral Portfolio and Research Pipeline at CROI 2024

https://finance.yahoo.com/news/gilead-present-breaking-data-real-133000079.html

db4fbe67-7a01-3dbb-ab85-ffb1c917506f

GILD

-- Biktarvy Now First and Only INSTI-Based Single-Tablet Regimen That is FDA Approved and DHHS Guideline Recommended for People Who are Virologically Suppressed with M184V/I Resistance ---- M184V/I One of the Most Common Forms of Resistance Among People with HIV ---- Biktarvy Is a Long-Term Treatment Option with a High Barrier to Resistance for a Broad Range of Individuals --FOSTER CITY, Calif., February 26, 2024--(BUSINESS WIRE)--Gilead Sciences, Inc. (Nasdaq: GILD) today announced the U.S. Food and Drug Administration (FDA) approved a new, expanded indication for Biktarvy® (bictegravir 50 mg/emtricitabine 200 mg/tenofovir alafenamide 25 mg tablets, B/F/TAF) to treat people with HIV (PWH) who have suppressed viral loads with known or suspected M184V/I resistance, a common form of treatment resistance. HIV treatment resistance is permanent and irreversible, which can jeopardize future treatment options for PWH. The M184V/I resistance mutation has been found to be present in a range (22-63%) of PWH with pre-existing resistance to nucleoside reverse transcriptase inhibitors (NRTIs) across various HIV subtypes. This label update is supported by Study 4030, which evaluated the efficacy, safety, and tolerability profile of Biktarvy in a broad range of people with HIV-1 with or without pre-existing NRTI resistance, including those with the M184V/I resistance. Biktarvy is now the first and only integrase strand transfer inhibitor (INSTI)-based single-tablet regimen that is FDA approved and U.S. Department of Health and Human Services (DHHS) guideline recommended for PWH who are virally suppressed with M184V/I resistance."Clinical data have established Biktarvy as a long-term HIV treatment option for a broad range of PWH. With this label update, healthcare providers have a better understanding of the efficacy of Biktarvy in an underserved segment of PWH," said Jared Baeten, MD, PhD, Vice President, HIV Clinical Development, Gilead Sciences. "Thanks to decades of therapeutic improvements, PWH may live longer, healthier lives, but treatment needs remain. Treatment resistance is one such area. We are committed to a person-centered approach to HIV treatment research that not only advances continuous scientific innovations to help address public health needs, but also maximizes long-term outcomes for PWH."Story continuesThe expanded label is based on Week 48 data from Study 4030, a Phase 3 randomized, double-blinded study of virologically suppressed adults with HIV-1 on a baseline regimen of dolutegravir (DTG) + either emtricitabine/tenofovir alafenamide (F/TAF) or emtricitabine/tenofovir disoproxil fumarate (F/TDF). Participants were randomized 1:1 to switch to Biktarvy (n=284) or DTG+F/TAF (n=281). Study participants must have been stably suppressed (HIV-1 RNA < 50 copies/mL) with current baseline regimen for at least six months if NRTI resistance was documented or suspected, or at least three months if NRTI resistance was not documented or suspected prior to trial entry. Of the participants receiving Biktarvy, 47 had HIV-1 with pre-existing M184V/I resistance substitutions. The primary endpoint was the proportion of participants with HIV RNA ≥ 50 copies/mL at Week 48. Eighty-nine percent (42/47) of participants with M184V/I remained suppressed (HIV-1 RNA < 50 copies/mL) and 11% (5/47 participants) did not have virologic data at the Week 48 timepoint. No participants with M184V/I who received Biktarvy and had virologic data had HIV RNA ≥ 50 copies/mL at Week 48. Additionally, at Week 48 the proportion of subjects with HIV-1 RNA ≥ 50 copies/mL was 0.4% (1/284) in the Biktarvy group and 1.1% (3/281) in the DTG+F/TAF group (difference -0.7% [95% CI: -2.8%, 1.0%]). There were also zero cases of treatment-emergent resistance to Biktarvy, regardless of known or suspected pre-existing M184V/I resistance, in the final resistance analysis population. Overall, the safety profile in virologically suppressed adults in Study 4030 was similar to that in participants in other studies of Biktarvy with no antiretroviral treatment history.Once someone with HIV has developed resistance to a treatment, it will persist for the rest of their life. Reducing the risk of drug resistance is a key goal in HIV therapy. HIV drug resistance continues to receive clinical and public health attention because it may hinder the ability of HIV medicines to suppress and block replication of the virus over the course of an individual’s life. Resistance may lead to treatment failure in individuals, while also creating the potential for transmission of treatment-resistant HIV within communities."Treatment failure in HIV must be avoided whenever possible, so a high barrier to resistance should be standard of care to maximize the chances of durable virologic suppression," said Paul E. Sax, MD, Clinical Director, Division of Infectious Diseases, Brigham and Women’s Hospital, Professor of Medicine, Harvard Medical School. "This label update builds on the established high resistance barrier of Biktarvy by showing that it’s effective in PWH who may have certain forms of pre-existing resistance or a history of past treatment failure."Please see below for U.S. Indications and Important Safety Information for Biktarvy, including Boxed Warning.There is no cure for HIV or AIDS.About BiktarvyBiktarvy is a complete HIV treatment that combines three powerful medicines to form the smallest 3-drug, integrase strand transfer inhibitor (INSTI)-based single-tablet regimen (STR) available, offering simple once-daily dosing with or without food, with a limited drug interaction potential and a high barrier to resistance. Biktarvy combines the novel, unboosted INSTI bictegravir, with the Descovy® (emtricitabine 200 mg/tenofovir alafenamide 25 mg tablets, F/TAF) backbone. Biktarvy is a complete STR and should not be taken with other HIV medicines.U.S. Indication for BiktarvyBiktarvy (bictegravir 50 mg/emtricitabine 200 mg/tenofovir alafenamide 25 mg) is indicated as a complete regimen for the treatment of HIV-1 infection in adults and pediatric patients weighing at least 14 kg who have no antiretroviral (ARV) treatment history or to replace the current ARV regimen in those who are virologically-suppressed (HIV-1 RNA <50 copies per mL) on a stable ARV regimen with no known or suspected substitutions associated with resistance to bictegravir or tenofovir.U.S. Important Safety Information for BiktarvyBOXED WARNING: POST TREATMENT ACUTE EXACERBATION OF HEPATITIS BSevere acute exacerbations of hepatitis B have been reported in patients who are coinfected with HIV-1 and HBV and have discontinued products containing emtricitabine (FTC) and/or tenofovir disoproxil fumarate (TDF), and may occur with discontinuation of BIKTARVY. Closely monitor hepatic function with both clinical and laboratory follow-up for at least several months in patients who are coinfected with HIV-1 and HBV and discontinue BIKTARVY. If appropriate, anti-hepatitis B therapy may be warranted.ContraindicationsCoadministration: Do not use BIKTARVY with dofetilide or rifampin.Warnings and precautionsDrug interactions: See Contraindications and Drug Interactions sections. Consider the potential for drug interactions prior to and during BIKTARVY therapy and monitor for adverse reactions.Immune reconstitution syndrome, including the occurrence of autoimmune disorders with variable time to onset, has been reported.New onset or worsening renal impairment: Postmarketing cases of renal impairment, including acute renal failure, proximal renal tubulopathy (PRT), and Fanconi syndrome have been reported with tenofovir alafenamide (TAF)–containing products. Do not initiate BIKTARVY in patients with estimated creatinine clearance (CrCl) <30 mL/min except in virologically suppressed adults <15 mL/min who are receiving chronic hemodialysis. Patients with impaired renal function and/or taking nephrotoxic agents (including NSAIDs) are at increased risk of renal-related adverse reactions. Discontinue BIKTARVY in patients who develop clinically significant decreases in renal function or evidence of Fanconi syndrome.Renal monitoring: Prior to or when initiating BIKTARVY and during therapy, assess serum creatinine, CrCl, urine glucose, and urine protein in all patients as clinically appropriate. In patients with chronic kidney disease, assess serum phosphorus.Lactic acidosis and severe hepatomegaly with steatosis: Fatal cases have been reported with the use of nucleoside analogs, including FTC and TDF. Discontinue BIKTARVY if clinical or laboratory findings suggestive of lactic acidosis or pronounced hepatotoxicity develop, including hepatomegaly and steatosis in the absence of marked transaminase elevations.Adverse reactionsMost common adverse reactions (incidence ≥5%; all grades) in clinical studies through week 144 were diarrhea (6%), nausea (6%), and headache (5%).Drug interactionsPrescribing information: Consult the full prescribing information for BIKTARVY for more information on Contraindications, Warnings, and potentially significant drug interactions, including clinical comments.Enzymes/transporters: Drugs that induce P-gp or induce both CYP3A and UGT1A1 can substantially decrease the concentration of components of BIKTARVY. Drugs that inhibit P-gp, BCRP, or inhibit both CYP3A and UGT1A1 may significantly increase the concentrations of components of BIKTARVY. BIKTARVY can increase the concentration of drugs that are substrates of OCT2 or MATE1.Drugs affecting renal function: Coadministration of BIKTARVY with drugs that reduce renal function or compete for active tubular secretion may increase concentrations of FTC and tenofovir and the risk of adverse reactions.Dosage and administrationDosage: Adult and pediatric patients weighing ≥25 kg: 1 tablet containing 50 mg bictegravir (BIC), 200 mg emtricitabine (FTC), and 25 mg tenofovir alafenamide (TAF) taken once daily with or without food. Pediatric patients weighing ≥14 kg to <25 kg: 1 tablet containing 30 mg BIC, 120 mg FTC, and 15 mg TAF taken once daily with or without food. For children unable to swallow a whole tablet, the tablet can be split and each part taken separately as long as all parts are ingested within approximately 10 minutes.Renal impairment: For patients weighing ≥25 kg, not recommended in patients with CrCl 15 to <30 mL/min, or <15 mL/min who are not receiving chronic hemodialysis, or <15 mL/min who are receiving chronic hemodialysis and have no antiretroviral treatment history. For patients weighing ≥14 kg to <25 kg, not recommended in patients with CrCl <30 mL/min.Hepatic impairment: Not recommended in patients with severe hepatic impairment.Prior to or when initiating: Test patients for HBV infection.Prior to or when initiating, and during treatment: As clinically appropriate, assess serum creatinine, CrCl, urine glucose, and urine protein in all patients. In patients with chronic kidney disease, assess serum phosphorus.Pregnancy and lactationPregnancy: There is insufficient human data on the use of BIKTARVY during pregnancy. Dolutegravir, another integrase inhibitor, has been associated with neural tube defects. Discuss the benefit-risk of using BIKTARVY during pregnancy and conception. An Antiretroviral Pregnancy Registry (APR) has been established. Available data from the APR for FTC shows no difference in the rates of birth defects compared with a US reference population.Lactation: Women infected with HIV-1 should be instructed not to breastfeed, due to the potential for HIV-1 transmission.About Gilead SciencesGilead Sciences, Inc. is a biopharmaceutical company that has pursued and achieved breakthroughs in medicine for more than three decades, with the goal of creating a healthier world for all people. The company is committed to advancing innovative medicines to prevent and treat life-threatening diseases and address unmet needs in virology, oncology and inflammation. Gilead operates in more than 35 countries worldwide, with headquarters in Foster City, California.For more than 35 years, Gilead has been a leading innovator in the field of HIV, driving advances in treatment, prevention and cure research. Gilead researchers have developed 12 HIV medications, including the first single-tablet regimen to treat HIV, the first antiretroviral for pre-exposure prophylaxis (PrEP) to help reduce new HIV infections, and the first long-acting injectable HIV treatment medication administered twice-yearly. Our advances in medical research have helped to transform HIV into a treatable, preventable, chronic condition for millions of people.Gilead is committed to continued scientific innovation to provide solutions for the evolving needs of people affected by HIV around the world. Through partnerships and collaborations, the company also aims to improve education, expand access and address barriers to care, with the goal of ending the HIV epidemic for everyone, everywhere. Gilead was recognized as the number one philanthropic funder of HIV-related programs in a report released by Funders Concerned About AIDS.Learn more about Gilead’s unique collaborations worldwide and the work to help end the HIV epidemic for everyone, everywhere.Forward-Looking StatementsThis press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to risks, uncertainties and other factors, including Gilead’s ability to initiate, progress or complete clinical trials or studies within currently anticipated timelines or at all, and the possibility of unfavorable results from ongoing and additional clinical trials or studies, including those involving Biktarvy; the risk that physicians may not see the benefits of prescribing Biktarvy to treat virologically suppressed people with HIV; and any assumptions underlying any of the foregoing. These and other risks, uncertainties and factors are described in detail in Gilead’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2023, as filed with the U.S. Securities and Exchange Commission. These risks, uncertainties and other factors could cause actual results to differ materially from those referred to in the forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. The reader is cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and is cautioned not to place undue reliance on these forward-looking statements. All forward-looking statements are based on information currently available to Gilead, and Gilead assumes no obligation and disclaims any intent to update any such forward-looking statements.U.S. Prescribing Information for Biktarvy, including BOXED WARNING, is available at www.gilead.comBiktarvy, Gilead and the Gilead logo are registered trademarks of Gilead Sciences, Inc., or its related companies.For more information about Gilead, please visit the company’s website at www.gilead.com, follow Gilead on Twitter (@Gilead Sciences) and LinkedIn, or call Gilead Public Affairs at 1-800-GILEAD-5 or 1-650-574-3000.View source version on businesswire.com: https://www.businesswire.com/news/home/20240226441430/en/ContactsJacquie Ross, [email protected] Smith, [email protected]

Business Wire

U.S. FDA Approves Expanded Indication for Gilead’s Biktarvy® to Treat People with HIV with Suppressed Viral Loads, Pre-existing Resistance

https://finance.yahoo.com/news/u-fda-approves-expanded-indication-210500661.html

872253fd-82ae-3168-85a9-002321d69961

GILD

FOSTER CITY, Calif., March 11, 2024--(BUSINESS WIRE)--Gilead Sciences, Inc. (Nasdaq: GILD) today announced that the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act) with respect to Gilead’s cash tender offer for CymaBay Therapeutics, Inc. expired at 11:59 p.m. on March 8, 2024.On February 22, 2024, Gilead and CymaBay filed the Premerger Notification and Report Forms required under the HSR Act with the Federal Trade Commission and the Antitrust Division of the U.S. Department of Justice.The expiration of the HSR waiting period satisfies one of the conditions to consummate the tender offer. Other conditions remain to be satisfied, including, among others, a minimum tender of shares of common stock of CymaBay representing a majority of the total number of outstanding shares of common stock of CymaBay. Unless the tender offer is extended, the offer and withdrawal rights will expire at one minute after 11:59 p.m., Eastern Time, on March 21, 2024.About Gilead SciencesGilead Sciences, Inc. is a biopharmaceutical company that has pursued and achieved breakthroughs in medicine for more than three decades, with the goal of creating a healthier world for all people. The company is committed to advancing innovative medicines to prevent and treat life-threatening diseases, including HIV, viral hepatitis, COVID-19, and cancer. Gilead operates in more than 35 countries worldwide, with headquarters in Foster City, Calif.Forward-Looking StatementsThis communication contains forward-looking statements related to Gilead, CymaBay and the acquisition of CymaBay by Gilead that are subject to risks, uncertainties and other factors. All statements other than statements of historical fact are statements that could be deemed forward- looking statements, including all statements regarding: the intent, belief or current expectation of Gilead and CymaBay and members of their respective senior management teams. Forward- looking statements include, without limitation, statements regarding the transaction and related matters, prospective performance and opportunities, post-closing operations and the outlook for the companies’ businesses, including, without limitation, the ability of Gilead to advance CymaBay’s product pipeline, and successfully commercialize seladelpar; the possibility of unfavorable results from clinical trials; regulatory applications and related timelines; filings and approvals relating to the transaction; the expected timing of the completion of the transaction; the ability to complete the transaction considering the various closing conditions; difficulties or unanticipated expenses in connection with integrating the companies; and any assumptions underlying any of the foregoing. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and are cautioned not to place undue reliance on these forward-looking statements. Actual results may differ materially from those currently anticipated due to a number of risks and uncertainties. Risks and uncertainties that could cause the actual results to differ from expectations contemplated by forward-looking statements include: uncertainties as to the timing of the tender offer and merger; uncertainties as to how many of CymaBay’s stockholders will tender their stock in the offer; the possibility that competing offers will be made; the possibility that various closing conditions for the transaction may not be satisfied or waived, including that a governmental entity may prohibit, delay or refuse to grant approval for the consummation of the transaction; the effects of the transaction on relationships with employees, other business partners or governmental entities; the difficulty of predicting the timing or outcome of regulatory approvals or actions, if any; the impact of competitive products and pricing; other business effects, including the effects of industry, economic or political conditions outside of the companies’ control; transaction costs; actual or contingent liabilities; adverse impacts on business, operating results or financial condition in the future due to pandemics, epidemics or outbreaks; and other risks and uncertainties detailed from time to time in the companies’ periodic reports filed with the U.S. Securities and Exchange Commission (the "SEC"), including current reports on Form 8-K, quarterly reports on Form 10-Q and annual reports on Form 10-K, as well as the Schedule 14D-9 filed on February 23, 2024 by CymaBay and the Schedule TO and related tender offer documents filed on February 23, 2024 by Gilead and Pacific Merger Sub, Inc. ("Purchaser"), a wholly owned subsidiary of Gilead. All forward-looking statements are based on information currently available to Gilead and CymaBay, and Gilead and CymaBay assume no obligation and disclaim any intent to update any such forward-looking statements.Story continuesADDITIONAL INFORMATION AND WHERE TO FIND ITThis communication is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell securities of CymaBay, nor is it a substitute for any tender offer materials that Gilead, Pacific Merger Sub, Inc. or CymaBay have filed with the SEC. Gilead and Purchaser have filed a Tender Offer Statement on Schedule TO with the SEC containing an offer to purchase all of the outstanding shares of common stock of CymaBay for $32.50 per share, and CymaBay has filed a Solicitation/Recommendation Statement on Schedule 14D-9 with the SEC with respect to the tender offer. The tender offer is being made solely by means of the Offer to Purchase, and the exhibits filed with respect thereto (including the Letter of Transmittal), which contain the full terms and conditions of the tender offer. CYMABAY STOCKHOLDERS AND OTHER INVESTORS ARE URGED TO READ THE TENDER OFFER MATERIALS (INCLUDING THE OFFER TO PURCHASE, THE RELATED LETTER OF TRANSMITTAL AND CERTAIN OTHER TENDER OFFER DOCUMENTS) AND THE SOLICITATION/RECOMMENDATION STATEMENT ON SCHEDULE 14D-9 BECAUSE THEY CONTAIN IMPORTANT INFORMATION THAT SHOULD BE READ CAREFULLY BEFORE ANY DECISION IS MADE WITH RESPECT TO THE TENDER OFFER. The Offer to Purchase, the related Letter of Transmittal and certain other tender offer documents, as well as the Solicitation/Recommendation Statement on Schedule 14D-9, have been sent to all stockholders of CymaBay at no expense to them. The Tender Offer Statement on Schedule TO, the Solicitation/Recommendation Statement on Schedule 14D-9, and other related documents are available for free at the SEC’s web site at www.sec.gov. Additional copies may be obtained for free by contacting Gilead or CymaBay. Free copies of these materials and certain other offering documents are available by Gilead by mail to Gilead Sciences, Inc., 333 Lakeside Drive, Foster City, CA 94404, attention: Investor Relations, by phone at 1-800-GILEAD-5 or 1-650-574-3000, or by directing requests for such materials to the information agent for the offer, Innisfree M&A Incorporated, 501 Madison Avenue, 20th Floor, New York, New York 10022. Stockholders may call toll free: (877) 456-3507; Banks and Brokers may call collect: (212) 750-5833. Investors and security holders of CymaBay may also obtain, free of charge, the Solicitation/Recommendation Statement on Schedule 14D-9 and other related documents that the Company has filed with or furnished to the SEC under the "Investors & Media" section of CymaBay’s website at https://www.cymabay.com/investors-media.In addition to the Offer to Purchase, the related Letter of Transmittal and certain other tender offer documents, as well as the Solicitation/Recommendation Statement, Gilead and CymaBay file annual, quarterly and current reports, proxy statements and other information with the SEC. Gilead’s and CymaBay’s filings with the SEC are also available for free to the public from commercial document-retrieval services and at the website maintained by the SEC at www.sec.gov.Gilead and the Gilead logo are trademarks of Gilead Sciences, Inc., or its related companies. The CymaBay name and logo are trademarks of CymaBay.For more information about Gilead, please visit the company’s website at www.gilead.com, follow Gilead on X/Twitter (@Gilead Sciences) and LinkedIn (@Gilead-Sciences).View source version on businesswire.com: https://www.businesswire.com/news/home/20240311327601/en/ContactsInvestors:Jacquie [email protected]:Ashleigh [email protected]

Business Wire

Gilead Sciences Announces Expiration of Hart-Scott-Rodino Waiting Period for CymaBay Tender Offer

https://finance.yahoo.com/news/gilead-sciences-announces-expiration-hart-122400063.html

18e9d094-2971-3b27-a2d4-c89a5582a201

GILD

Gilead Sciences, Inc.'s (NASDAQ:GILD) dividend will be increasing from last year's payment of the same period to $0.77 on 28th of March. This will take the dividend yield to an attractive 4.1%, providing a nice boost to shareholder returns. See our latest analysis for Gilead Sciences Gilead Sciences' Earnings Easily Cover The DistributionsA big dividend yield for a few years doesn't mean much if it can't be sustained. Prior to this announcement, Gilead Sciences' dividend was comfortably covered by both cash flow and earnings. This indicates that quite a large proportion of earnings is being invested back into the business.Over the next year, EPS is forecast to expand by 31.5%. If the dividend continues on this path, the payout ratio could be 55% by next year, which we think can be pretty sustainable going forward.historic-dividendGilead Sciences Is Still Building Its Track RecordIt is great to see that Gilead Sciences has been paying a stable dividend for a number of years now, however we want to be a bit cautious about whether this will remain true through a full economic cycle. Since 2015, the dividend has gone from $1.72 total annually to $3.08. This works out to be a compound annual growth rate (CAGR) of approximately 6.7% a year over that time. Gilead Sciences has been growing its dividend at a decent rate, and the payments have been stable. However, the payment history is very short, so there is no evidence yet that the dividend can be sustained over a full economic cycle.Gilead Sciences May Find It Hard To Grow The DividendSome investors will be chomping at the bit to buy some of the company's stock based on its dividend history. However, Gilead Sciences' EPS was effectively flat over the past five years, which could stop the company from paying more every year. Gilead Sciences is struggling to find viable investments, so it is returning more to shareholders. This isn't necessarily bad, but we wouldn't expect rapid dividend growth in the future.Story continuesOur Thoughts On Gilead Sciences' DividendIn summary, it's great to see that the company can raise the dividend and keep it in a sustainable range. While the payout ratios are a good sign, we are less enthusiastic about the company's dividend record. The payment isn't stellar, but it could make a decent addition to a dividend portfolio.Investors generally tend to favour companies with a consistent, stable dividend policy as opposed to those operating an irregular one. 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 3 warning signs for Gilead Sciences that investors need to be conscious of moving forward. Is Gilead Sciences not quite the opportunity you were looking for? Why not check out 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.

Gilead Sciences' (NASDAQ:GILD) Shareholders Will Receive A Bigger Dividend Than Last Year

https://finance.yahoo.com/news/gilead-sciences-nasdaq-gild-shareholders-143924347.html

1bf98051-238a-3b40-8982-9370d4594885

GIS

Vital Farms (VITL) shares soared 11.9% in the last trading session to close at $18. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 10.3% gain over the past four weeks.Vital Farms has been benefiting from its strategic planning and resilient supply chain, amid a volatile landscape. The company's commitment to building strong relationships with retail partners, alongside its focus on prudent partnerships, continues to drive growth and reinforce its position in the healthy protein segment.This company is expected to post quarterly earnings of $0.12 per share in its upcoming report, which represents a year-over-year change of +200%. Revenues are expected to be $131.1 million, up 19.1% from the year-ago quarter.Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.For Vital Farms, the consensus EPS estimate for the quarter has been revised 12.1% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on VITL going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Vital Farms belongs to the Zacks Food - Miscellaneous industry. Another stock from the same industry, General Mills (GIS), closed the last trading session 0.3% lower at $65.61. Over the past month, GIS has returned 1.6%.For General Mills , the consensus EPS estimate for the upcoming report has changed +0.1% over the past month to $1.04. This represents a change of +7.2% from what the company reported a year ago. General Mills currently has a Zacks Rank of #3 (Hold).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 reportVital Farms, Inc. (VITL) : Free Stock Analysis ReportGeneral Mills, Inc. (GIS) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Vital Farms (VITL) Soars 11.9%: Is Further Upside Left in the Stock?

https://finance.yahoo.com/news/vital-farms-vitl-soars-11-085300387.html

6b021df5-63f1-385c-98b3-0a339a88361c

GIS

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says 'The biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital.' It's only natural to consider a company's balance sheet when you examine how risky it is, since debt is often involved when a business collapses. Importantly, General Mills, Inc. (NYSE:GIS) does carry debt. But is this debt a concern to shareholders?When Is Debt A Problem?Debt assists a business until the business has trouble paying it off, either with new capital or with free cash flow. Ultimately, if the company can't fulfill its legal obligations to repay debt, shareholders could walk away with nothing. However, a more frequent (but still costly) occurrence is where a company must issue shares at bargain-basement prices, permanently diluting shareholders, just to shore up its balance sheet. By replacing dilution, though, debt can be an extremely good tool for businesses that need capital to invest in growth at high rates of return. When we think about a company's use of debt, we first look at cash and debt together. See our latest analysis for General Mills What Is General Mills's Debt?As you can see below, at the end of November 2023, General Mills had US$12.7b of debt, up from US$11.7b a year ago. Click the image for more detail. However, because it has a cash reserve of US$593.8m, its net debt is less, at about US$12.1b.debt-equity-history-analysisA Look At General Mills' LiabilitiesWe can see from the most recent balance sheet that General Mills had liabilities of US$7.90b falling due within a year, and liabilities of US$13.7b due beyond that. Offsetting these obligations, it had cash of US$593.8m as well as receivables valued at US$1.76b due within 12 months. So it has liabilities totalling US$19.2b more than its cash and near-term receivables, combined.General Mills has a very large market capitalization of US$37.3b, so it could very likely raise cash to ameliorate its balance sheet, if the need arose. But it's clear that we should definitely closely examine whether it can manage its debt without dilution.Story continuesIn order to size up a company's debt relative to its earnings, we calculate its net debt divided by its earnings before interest, tax, depreciation, and amortization (EBITDA) and its earnings before interest and tax (EBIT) divided by its interest expense (its interest cover). This way, we consider both the absolute quantum of the debt, as well as the interest rates paid on it.With net debt to EBITDA of 2.9 General Mills has a fairly noticeable amount of debt. On the plus side, its EBIT was 8.1 times its interest expense, and its net debt to EBITDA, was quite high, at 2.9. If General Mills can keep growing EBIT at last year's rate of 11% over the last year, then it will find its debt load easier to manage. When analysing debt levels, the balance sheet is the obvious place to start. But it is future earnings, more than anything, that will determine General Mills's ability to maintain a healthy balance sheet going forward. So if you're focused on the future you can check out this free report showing analyst profit forecasts.But our final consideration is also important, because a company cannot pay debt with paper profits; it needs cold hard cash. So it's worth checking how much of that EBIT is backed by free cash flow. During the last three years, General Mills produced sturdy free cash flow equating to 72% of its EBIT, about what we'd expect. This free cash flow puts the company in a good position to pay down debt, when appropriate.Our ViewOn our analysis General Mills's conversion of EBIT to free cash flow should signal that it won't have too much trouble with its debt. But the other factors we noted above weren't so encouraging. For instance it seems like it has to struggle a bit handle its debt, based on its EBITDA,. Considering this range of data points, we think General Mills is in a good position to manage its debt levels. But a word of caution: we think debt levels are high enough to justify ongoing monitoring. The balance sheet is clearly the area to focus on when you are analysing debt. But ultimately, every company can contain risks that exist outside of the balance sheet. For instance, we've identified 1 warning sign for General Mills that you should be aware of.When all is said and done, sometimes its easier to focus on companies that don't even need debt. Readers can access a list of growth stocks with zero net debt 100% free, right now.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.

Does General Mills (NYSE:GIS) Have A Healthy Balance Sheet?

https://finance.yahoo.com/news/does-general-mills-nyse-gis-130017546.html

1799709a-f6dd-39be-90e2-bf0b19f7ac6b

GIS

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider General Mills (GIS). This company, which is in the Zacks Food - Miscellaneous industry, shows potential for another earnings beat.When looking at the last two reports, this maker of Cheerios cereal, Yoplait yogurt and other packaged foods has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 4.81%, on average, in the last two quarters.For the most recent quarter, General Mills was expected to post earnings of $1.15 per share, but it reported $1.25 per share instead, representing a surprise of 8.70%. For the previous quarter, the consensus estimate was $1.08 per share, while it actually produced $1.09 per share, a surprise of 0.93%.Thanks in part to this history, there has been a favorable change in earnings estimates for General Mills lately. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank.Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.General Mills currently has an Earnings ESP of +1.30%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #3 (Hold) indicates that another beat is possibly around the corner. We expect the company's next earnings report to be released on March 20, 2024.Story continuesWhen the Earnings ESP comes up negative, investors should note that this will reduce the predictive power of the metric. But, a negative value is not indicative of a stock's earnings miss.Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate.Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.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 ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Will General Mills (GIS) Beat Estimates Again in Its Next Earnings Report?

https://finance.yahoo.com/news/general-mills-gis-beat-estimates-161002922.html

11fb6eb8-3096-3606-a486-f5752d22a982

GIS

General Mills (GIS) closed the most recent trading day at $65.66, moving +0.61% from the previous trading session. The stock's change was more than the S&P 500's daily loss of 0.11%. Meanwhile, the Dow gained 0.12%, and the Nasdaq, a tech-heavy index, lost 0.41%.Heading into today, shares of the maker of Cheerios cereal, Yoplait yogurt and other packaged foods had gained 4.68% over the past month, outpacing the Consumer Staples sector's gain of 0.25% and the S&P 500's gain of 2.7% in that time.Investors will be eagerly watching for the performance of General Mills in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on March 20, 2024. In that report, analysts expect General Mills to post earnings of $1.04 per share. This would mark year-over-year growth of 7.22%. In the meantime, our current consensus estimate forecasts the revenue to be $4.95 billion, indicating a 3.35% decline compared to the corresponding quarter of the prior year.Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $4.49 per share and revenue of $19.97 billion. These totals would mark changes of +4.42% and -0.6%, respectively, from last year.Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for General Mills. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Right now, General Mills possesses a Zacks Rank of #3 (Hold).Story continuesLooking at its valuation, General Mills is holding a Forward P/E ratio of 14.55. This valuation marks a discount compared to its industry's average Forward P/E of 17.03.We can additionally observe that GIS currently boasts a PEG ratio of 2.3. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Food - Miscellaneous was holding an average PEG ratio of 2.02 at yesterday's closing price.The Food - Miscellaneous industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 149, putting it in the bottom 41% of all 250+ industries.The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.You can find more information on all of these metrics, and much more, on Zacks.com.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 ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

General Mills (GIS) Advances While Market Declines: Some Information for Investors

https://finance.yahoo.com/news/general-mills-gis-advances-while-221521602.html

55e6e306-1820-3750-9875-135b4cb27cde

GL

Investors in Globe Life Inc. (NYSE:GL) had a good week, as its shares rose 4.2% to close at US$126 following the release of its annual results. It was a credible result overall, with revenues of US$5.4b and statutory earnings per share of US$10.07 both in line with analyst estimates, showing that Globe Life is executing in line with expectations. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Globe Life after the latest results. View our latest analysis for Globe Life earnings-and-revenue-growthAfter the latest results, the eight analysts covering Globe Life are now predicting revenues of US$5.82b in 2024. If met, this would reflect a credible 6.9% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to grow 10% to US$11.39. In the lead-up to this report, the analysts had been modelling revenues of US$5.78b and earnings per share (EPS) of US$11.36 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.The analysts reconfirmed their price target of US$137, showing that the business is executing well and in line with expectations. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. There are some variant perceptions on Globe Life, with the most bullish analyst valuing it at US$160 and the most bearish at US$125 per share. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth.These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Globe Life's past performance and to peers in the same industry. The analysts are definitely expecting Globe Life's growth to accelerate, with the forecast 6.9% annualised growth to the end of 2024 ranking favourably alongside historical growth of 4.8% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 5.8% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that Globe Life is expected to grow at about the same rate as the wider industry.Story continuesThe 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. They also reconfirmed their revenue estimates, with the company predicted to grow at about the same rate as the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.With that in mind, we wouldn't be too quick to come to a conclusion on Globe Life. Long-term earnings power is much more important than next year's profits. We have estimates - from multiple Globe Life analysts - going out to 2026, and you can see them free on our platform here.Even so, be aware that Globe Life is showing 1 warning sign in our investment analysis , you should know about...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.

Analysts Have Made A Financial Statement On Globe Life Inc.'s (NYSE:GL) Annual Report

https://finance.yahoo.com/news/analysts-made-financial-statement-globe-125933759.html

e88d9f21-9523-3297-9a3e-960cbf1fa47b

GL

Have you been paying attention to shares of Globe Life (GL)? Shares have been on the move with the stock up 5.1% over the past month. The stock hit a new 52-week high of $127.36 in the previous session. Globe Life has gained 3.8% since the start of the year compared to the 1.8% move for the Zacks Finance sector and the 3.2% return for the Zacks Financial - Miscellaneous Services industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on February 7, 2024, Globe Life reported EPS of $2.8 versus consensus estimate of $2.74 while it beat the consensus revenue estimate by 0.21%.For the current fiscal year, Globe Life is expected to post earnings of $11.54 per share on $5.8 billion in revenues. This represents an 8.36% change in EPS on a 5.22% change in revenues. For the next fiscal year, the company is expected to earn $12.47 per share on $6.06 billion in revenues. This represents a year-over-year change of 8.04% and 4.52%, respectively.Valuation MetricsGlobe Life may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.On this front, we can look at the Zacks Style Scores, as these give investors a variety of ways to comb through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. Investors should consider the style scores a valuable tool that can help you to pick the most appropriate Zacks Rank stocks based on their individual investment style.Globe Life has a Value Score of B. The stock's Growth and Momentum Scores are D and A, respectively, giving the company a VGM Score of B.Story continuesIn terms of its value breakdown, the stock currently trades at 11X current fiscal year EPS estimates, which is a premium to the peer industry average of 10.5X. On a trailing cash flow basis, the stock currently trades at 8.6X versus its peer group's average of 7.8X. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.Zacks RankWe also need to consider the stock's Zacks Rank, as this supersedes any trend on the style score front. Fortunately, Globe Life currently has a Zacks Rank of #2 (Buy) thanks to rising earnings estimates.Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Globe Life meets the list of requirements. Thus, it seems as though Globe Life shares could have a bit more room to run in the near term.How Does GL Stack Up to the Competition?Shares of GL have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is Synchrony Financial (SYF). SYF has a Zacks Rank of # 2 (Buy) and a Value Score of A, a Growth Score of D, and a Momentum Score of A.Earnings were strong last quarter. Synchrony Financial beat our consensus estimate by 7.29%, and for the current fiscal year, SYF is expected to post earnings of $5.83 per share on revenue of $18.19 billion.Shares of Synchrony Financial have gained 7.6% over the past month, and currently trade at a forward P/E of 6.78X and a P/CF of 6.07X.The Financial - Miscellaneous Services industry may rank in the bottom 62% of all the industries we have in our universe, but there still looks like there are some nice tailwinds for GL and SYF, even beyond their own solid fundamental situation.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 reportGlobe Life Inc. (GL) : Free Stock Analysis ReportSynchrony Financial (SYF) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Globe Life Inc. (GL) Hit a 52 Week High, Can the Run Continue?

https://finance.yahoo.com/news/globe-life-inc-gl-hit-141511702.html

ba02c524-c56b-33cc-8e04-0b6667bbb202

GL

Globe Life Inc. GL has been gaining momentum on the back of higher life and health sales, improved invested assets, increased productivity and agent count, strong liquidity position and effective capital deployment.Earnings EstimateThe Zacks Consensus Estimate for Globe Life’s 2024 earnings per share (EPS) is pegged at $11.57, indicating an increase of 8.6% on 5.5% higher revenues of $5.82 billion. The Zacks Consensus Estimate for GL’s 2025 EPS is pegged at $12.50, indicating a year-over-year increase of 8%. The consensus estimate for revenues is $6.09 billion, implying an increase of 4.6%.The expected long-term earnings growth rate is 12.4%, which is better than the industry average of 2.5%.Northbound Estimate RevisionThe Zacks Consensus Estimate for EG’s 2024 and 2025 earnings has moved 1.3% and 1.9% north, respectively, in the past 30 days. This should instill investors' confidence in the stock.Earnings Surprise HistoryGlobe Life has a decent surprise history, beating estimates in each of the last four quarters, the average earnings surprise being 2.11%.Zacks Rank & Price PerformanceGL currently carries a Zacks Rank #2 (Buy). Year to date, the stock has gained 4.5% compared with the industry’s growth of 1.6%.Zacks Investment ResearchImage Source: Zacks Investment ResearchReturn on EquityGlobe Life’s return on equity, a measure reflecting how efficiently a company utilizes shareholders’ money, was 24.3% in the trailing 12 months, which expanded 860 basis points year over year and compares favorably with the industry’s average of 19.8%.Attractive ValuationGlobe Life’s shares are trading at a price-to-book value multiple of 10.83, lower than the industry average of 12.95. It also has an impressive Value Score of B. This style score helps find the most attractive value stocks. Back-tested results have shown that stocks with a Value Score of A or B, when combined with a Zacks Rank #1 (Strong Buy) or 2, offer better returns.Factors Driving Globe LifeGlobe Life has been witnessing a positive trend in revenues, driven by premium growth in its Life Insurance and Health Insurance segments and net investment income.The strong performance of the American Income and Liberty National divisions should continue to drive the top line in the future. Liberty National should continue to benefit from improved productivity and agent count. GL’s expansion initiatives to capture heavily populated and less penetrated areas should drive growth in the future. Net life sales, as well as net health sales, are expected to grow in the mid-teens for Liberty National.Moreover, net investment income continues to be another important driver of the company’s top-line growth and has been exhibiting improvement over the last few years. The metric should continue to grow, riding on improved invested assets and higher interest rates on new investments.The company has maintained a strong liquidity position with sufficient cash-generation capabilities. Its operations consist primarily of writing basic protection life and supplemental health insurance policies, which generate strong and stable cash flows. Globe Life targets a consolidated company action level RBC ratio in the range of 300% to 320%. The company anticipates the RBC ratio for 2023 to be slightly above the middle of the targeted range without any additional capital contributions.A strong capital position enables Globe Life to enhance its shareholder value via share buybacks and dividend payouts. The insurer has continuously been increasing its dividend over the past eight years (2016-2023), witnessing a CAGR of 6.79%.Story continuesOther Stocks to ConsiderSome other top-ranked stocks from the Financial-Miscellaneous Services space are StoneX Group Inc. SNEX, American Express Company AXP and WisdomTree, Inc. WT, each carrying a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.StoneX’s earnings surpassed estimates in three of the last four quarters and missed in one, the average surprise being 15.85%. Year to date, shares of SNEX have lost 7.3%.The Zacks Consensus Estimate for SNEX’s 2024 and 2025 earnings has moved up nearly 5.8% and 0.9%, respectively, in the past 30 days.American Express’ earnings surpassed estimates in two of the last four quarters and missed in the other two, the average surprise being 1.12%. Year to date, shares of AXP have gained 19.3%.The Zacks Consensus Estimate for AXP’s 2024 and 2025 earnings implies an increase of 14.3% and 14.6% from the year-ago estimated figure, respectively.WisdomTree’s earnings surpassed estimates in one of the last four quarters and matched in the other three, the average surprise being 10%. Year to date, shares of WT have gained 19.4%.The Zacks Consensus Estimate for WT’s 2024 and 2025 earnings implies an increase of 35.1% and 11% from the year-ago estimated figure, 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 reportAmerican Express Company (AXP) : Free Stock Analysis ReportGlobe Life Inc. (GL) : Free Stock Analysis ReportStoneX Group Inc. (SNEX) : Free Stock Analysis ReportWisdomTree, Inc. (WT) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Here's Why You Should Buy Globe Life (GL) Stock Right Now

https://finance.yahoo.com/news/heres-why-buy-globe-life-131500559.html

567297d0-29b8-3034-98fc-927688f63ddf

GL

A month has gone by since the last earnings report for Globe Life (GL). Shares have added about 1.8% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Globe Life 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.Globe Life Q4 Earnings Beat on Solid Investment IncomeGlobe Life Inc.’s fourth-quarter 2023 net operating income of $2.80 per share beat the Zacks Consensus Estimate by 2.2%. The bottom line improved 10% year over year, primarily driven by higher excess investment income and insurance underwriting income.The company reported operating revenues of $1.4 billion, up 4.2% from the year-ago quarter. The improvement was driven by growth in Life and Health insurance premiums and higher net investment income. The top line beat the Zacks Consensus Estimate by 0.2%.The strong quarterly results of Globe Life were supported by improving insurance underwriting income, higher net investment income and premiums in the Life and Health segments. Higher expenses partially offset the upside.Behind the HeadlinesGlobe Life reported total premium revenues of $1.13 billion, up 4% year over year. This upside was primarily driven by higher premiums from Life and Health insurance. Net investment income increased 6% year over year to $271.6 million.Excess investment income, a measure of profitability, increased 17% year over year to $35.8 million. Total insurance underwriting income increased 4% year over year to $327.8 million. The increase was due to improved Life underwriting income.Administrative expenses were down 1% year over year to $77.2 million. Total benefits and expenses increased 3.9% year over year to $1.01 billion, primarily due to higher total policyholder benefits, amortization of deferred acquisition costs, commissions, premium taxes, and non-deferred acquisition costs and interest expenses.Story continuesSegmental ResultsPremium revenues at Life increased 4% year over year to $794.8 million, driven by higher premiums written by distribution channels like American Income and Liberty National Division. American Income grew 7% and Liberty National gained 8%. Net sales of $130.4 million increased 3% year over year. Underwriting margins improved 4.3% year over year to $305.5 million.Health insurance premium revenues rose 3% year over year to $335.8 million, primarily driven by higher premiums from Family Heritage, Liberty National and American Income. Net health sales increased 21% year over year to $69.2 million. Underwriting margins rose 1.3% year over year to $97.5 million.Financial UpdateShareholders’ equity, excluding accumulated other comprehensive income (AOCI), as of Dec 31, 2023, increased 7.7% year over year to $7.25 billion.As of Dec 31, 2023, Globe Life reported book value per share, excluding AOCI, of $76.21, up 11.5% year over year. Operating return on equity, excluding AOCI, was 14.7% in the reported quarter, which contracted 10 basis points year over year.Share RepurchaseGlobe Life repurchased 0.66 million shares worth $77 million in the reported quarter.Full-Year HighlightsFull-year 2023 net operating income of $10.65 increased 10% year over year. Total revenues rose 3.9% from the year-ago quarter to $5.5 billion.2024 ViewGL estimates net operating income in the range of $11.30-$11.80 per diluted common share for the year ending Dec 31, 2024.How Have Estimates Been Moving Since Then?It turns out, estimates revision have trended upward during the past month.VGM ScoresAt this time, Globe Life has a subpar Growth Score of D, a grade with the same score on the momentum front. However, 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 D. If you aren't focused on one strategy, this score is the one you should be interested in.OutlookEstimates have been trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise Globe Life has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.Performance of an Industry PlayerGlobe Life belongs to the Zacks Financial - Miscellaneous Services industry. Another stock from the same industry, Virtu Financial (VIRT), has gained 14.5% over the past month. More than a month has passed since the company reported results for the quarter ended December 2023.Virtu Financial reported revenues of $260.91 million in the last reported quarter, representing a year-over-year change of -4.8%. EPS of $0.27 for the same period compares with $0.37 a year ago.Virtu Financial is expected to post earnings of $0.54 per share for the current quarter, representing a year-over-year change of -27%. Over the last 30 days, the Zacks Consensus Estimate has changed -3.5%.Virtu Financial has a Zacks Rank #5 (Strong Sell) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of C.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 reportGlobe Life Inc. (GL) : Free Stock Analysis ReportVirtu Financial, Inc. (VIRT) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Globe Life (GL) Up 1.8% Since Last Earnings Report: Can It Continue?

https://finance.yahoo.com/news/globe-life-gl-1-8-163054088.html

42088a06-64a1-32f6-a4fa-dc5d1674ef0e

GLW

Some hidden-gem 5G stocks are currently being overlooked by investors and are primed to surge in value this year.These stocks belong to companies that are either directly involved in developing and deploying 5G technology or are set to benefit significantly from its widespread adoption. This includes major telecom operators, equipment manufacturers, and smaller firms specializing in critical components like semiconductors, antennas, and network solutions.As the broader indices like the S&P 500 and the Nasdaq continue to move higher, the valuations of these companies will follow suit, making them formidable investments.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHere are three hidden-gem 5G stocks for investors to consider.Jabil (JBL)Source: ShutterstockJabil (NYSE:JBL) is a manufacturing services company that operates in various segments, including electronics manufacturing services (EMS) and diversified manufacturing services.I think now is the right time to buy JBL stock despite a softening outlook released by management. The company anticipates Q1 fiscal 2024 revenue to be between $8.3 billion and $8.4 billion, slightly below its prior range. The core earnings per share for the quarter are expected to hit near the midpoint of the previously provided range. The revenue forecast for Q2 is set between $7.0 billion and $7.6 billion.But there are some positives to this adjustment. The company expects to deliver more than $1 billion in adjusted free cash flow for the year and will continue to roll out its share repurchase program.Analysts also remain bullish on JBL’s prospects, forecasting an 18.25% increase in its EPS and a 4.21% increase in its top-line revenue.JBL’s stock price is up 66.50% over the past year, and I believe its momentum is strong enough to carry it through despite its short-term headwinds.Ericsson (ERIC)Ericsson (ERIC) logo on a smartphone screen.Source: rafapress / Shutterstock.comStory continuesEricsson (NASDAQ:ERIC) is a global leader in telecommunications services and equipment and supplies crucial infrastructure to the 5G industry.While inflation remains high worldwide, ERIC stock has faced some headwinds, but it is executing a strategy to cut back on costs and grow its enterprise and mobile segments. The company’s Q3 results align with this direction, showing an EBITA margin of 7.3% and efforts to reduce sensitivity to market mix and volume changes.It should be noted that investing in ERIC is a contrarian one, as it suffers from a 23% year-over-year decline in network sales in Q4 2023.By some accounts, analysts would expect this to be a negative sign, but I’m of the opposing view. When companies have excessive costs, as in the case of ERIC, with a modest operating margin of 9.87%, this can prompt internal changes. This can include layoffs, which lead to a sleeker and more refined business model, and companies that lay off staff often outperform in subsequent quarters.ERIC has negative accounting profits, but its price-to-sales ratio is just 0.71, which indicates that it’s significantly undervalued with respect to the efforts it has made so far to increase its margins.Corning (GLW)the corning (GLW) logo and homepage displayed on a mobile phoneSource: madamF / Shutterstock.comCorning’s (NYSE:GLW) optical communications segment, which manufactures fiber optic cables and related equipment, is crucial for the rollout of 5G networks.I feel that now is a good time to invest in GLW stock if investors want to pick up cheap shares in the company. For the first quarter of 2024, Corning anticipates core sales to be approximately $3.1 billion, with core EPS expected to range from $0.32 to $0.38. This projection positions the first quarter as potentially the lowest of the year.The company is also expected to see strong earnings growth of around 17% YoY in 2024.Like the other hidden-gem 5G stocks on this list, GLW appears undervalued, as it trades at just 2.17 times sales, and Wall Street rates it as a “Buy.”On the date of publication, Matthew Farley did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.Matthew started writing coverage of the financial markets during the crypto boom of 2017 and was also a team member of several fintech startups. He then started writing about Australian and U.S. equities for various publications. His work has appeared in MarketBeat, FXStreet, Cryptoslate, Seeking Alpha, and the New Scientist magazine, among others.More From InvestorPlaceThe #1 AI Investment Might Be This Company You’ve Never Heard OfMusk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In.It doesn’t matter if you have $500 or $5 million. Do this now.The post 3 Hidden-Gem 5G Stocks Ready to Ride a Massive Market Wave appeared first on InvestorPlace.

InvestorPlace

3 Hidden-Gem 5G Stocks Ready to Ride a Massive Market Wave

https://finance.yahoo.com/news/3-hidden-gem-5g-stocks-134908589.html

b7a9b1f8-8364-3b7c-a680-246962640af7

GLW

In an age of analytics, analyst reports are sort of like a baseball player’s slash line. Knowing about stock upgrades and stock downgrades is an essential part of your research, but ultimately, they only tell you so much. That’s particularly true in volatile times such as investors have been living through for the last four years.In 2024, that volatility is centered, in part, around interest rates. The year started out with the market pricing in six or more interest rate cuts. But with inflation beginning to heat up, investors aren’t sure how many will come, or if any will come. That could have a big impact on analyst sentiment later in the year. It’s also why investors should be careful not to assign too much significance to three recent stock downgrades. The stocks on this list didn’t just receive downgrades from Buy to Hold but with a higher price target. These stocks were downgraded to Underweight or Sell by at least one analyst in the last month. And each has a consensus price target that suggests trouble ahead in 2024. InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut as the headline of this article suggests, each stock gives investors a reason to believe that the forecast could be wrong. If that’s true, you’ll want to ensure you’re not on the wrong side of these stock downgrades. Carvana (CVNA)Gaithersburg MD June 26, 2021 Carvana (CVNA) Auto DealershipSource: Eric Glenn / Shutterstock.comCarvana (NYSE:CVNA) received a downgrade from Raymond James on February 16, 2024. That matches the consensus price target of $38.17 which is 27% lower than the CVNA stock closing price on February 16, 2024. Plus, six out of 23 analysts have a Strong Sell rating on the stock. It makes sense. The latest readings on inflation have put an end to investors’ hopes for a March rate cut. Now in addition to wondering when rate cuts may happen, there’s rumblings that there could be another hike before rates come down. From a technical standpoint, Carvana stock is up 361% in the last 12 months even as revenue has been declining. The reason would seem to be improving margins that have caused earnings to be higher year-over-year. Story continuesBut higher doesn’t mean positive and last quarter was the first quarter in the last nine quarters that Carvana posted positive earnings. And the company is forecasting negative earnings over the next 12 months. Having said all of that, the bullish case for Carvana comes down to interest rates. Economists still believe the Fed may cut rates in June. Any cut in interest rates would be psychologically important to consumers. And with short interest in CVNA stock up at 40%, I wouldn’t want to be on that side of the trade if things reversed. As someone who prefers to take long positions, Carvana isn’t particularly appealing to me. But, if you’re a nimble trader, CVNA stock is one you’ll want to watch closely.Corning (GLW)the corning (GLW) logo and homepage displayed on a mobile phoneSource: madamF / Shutterstock.comCorning (NYSE:GLW) is next on this list of stock downgrades. GLW stock got downgraded by HBLC Holdings from Hold to Reduce on February 1, 2024. To be fair, that’s the only Strong Sell on Corning. However, several other analysts have lowered their price targets for the stock.The reason for any negative analyst sentiment would seem to be expectations for the economy to significantly weaken in 2024. However, Corning is expected to be a recipient of some of the $42.5 billion that is set aside in the Broadband Equity, Access, and Deployment (BEAD) program. This program is part of the U.S. government’s bipartisan infrastructure act. And part of Corning’s portfolio includes its SpiderCloud small cell Enterprise Radio Access Network (E-RAN) specifically to capture the 5G opportunity. But when the government reconvenes in late February, it will have only a few days to pass a budget. And with so much rancor, a government shutdown wouldn’t be shocking. But it’s also an election year, and neither side will want to face their constituents when dollars from programs such as the BEAD program are not working their way into communities.Therefore, it seems more likely that Corning may be right in their assessment that demand will normalize. That will cause more investors to pay attention to positive news such as the 15% earnings growth and a strong dividend. Dollar General (DG)Source: ShutterstockOn February 6, 2024, Dollar General (NYSE:DG) was lowered from a Hold to a Sell by StockNews.com. The stock continues to be weighed down by negative sentiment due to declining earnings. However, with the stock down over 37% in the last 12 months, the sell-off seems overdone.If interest rates continue higher for longer, it would seem the worst has already been priced into DG stock. The company targets low- to middle-income consumers who are looking for relief from inflation. The company’s top-line results suggest those consumers are spending even with higher interest rates.And if interest rates do get cut, that may give these consumers a bit more purchasing power. It’s a win-win for Dollar General, but one that the analysts, at this time, are not buying. But you should. DG stock trades at just 18x forward earnings and it pays a respectable dividend with a yield of 1.7%. On the date of publication, Chris Markoch did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.Chris Markoch is a freelance financial copywriter who has been covering the market for over five years. He has been writing for InvestorPlace since 2019.More From InvestorPlaceThe #1 AI Investment Might Be This Company You’ve Never Heard OfMusk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In.It doesn’t matter if you have $500 or $5 million. Do this now.The post 3 Stock Downgrades That Analysts Are Going to Regret appeared first on InvestorPlace.

InvestorPlace

3 Stock Downgrades That Analysts Are Going to Regret

https://finance.yahoo.com/news/3-stock-downgrades-analysts-going-003917186.html

615e7409-72ba-355c-8c2c-60f7d74a14d9

GLW

In this article, we discuss 13 best electronic stocks to buy now. If you want to skip our discussion on the electronic components industry, head over to 5 Best Electronic Stocks To Buy Now. The general electronic components market has experienced strong recent growth, reaching $514.79 billion in 2023 and is projected to grow to $550.59 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. As per the report from Research and Markets, this growth is attributed to factors like increased disposable income, higher internet penetration, a low-interest-rate environment, and increased investments. The market is expected to continue growing, reaching $708.41 billion in 2028 at a CAGR of 6.5%. Key drivers include a rising demand for electronic components in display devices, IoT growth, and lucrative opportunities. Anticipated trends include 3D printed electronic components, increased merger and acquisition activities, integration of AI and machine learning in manufacturing, adoption of modular connector systems for transportation, and more collaborations. The growth is fueled by increasing demand for specific components like microwave tubes, cathode-ray tubes, X-ray tubes, photoelectric tubes, and triodes in display devices, particularly with the proliferation of smart devices. The Asia-Pacific region, led by China, plays a significant role in this growth, with major contributions from chip designers, chipmakers, and critical components used in various applications. As the electronic components industry enters 2024, it reflects a pivotal moment marked by recovery from recent geopolitical challenges. Fusion Worldwide's assessment reveals key themes shaping the industry's trajectory. The aftermath of extreme shortages, record-high lead times, and pricing fluctuations in 2022 led to significant overbuying in 2023, resulting in substantial excess inventory across different sectors. The rapid evolution of artificial intelligence, expected to contribute $1.3 trillion in growth by 2032, continues to exert a profound influence on market dynamics. Tensions between the US and China persist, stemming from past tariffs on chipmaking and trade, creating a delicate balancing act as China seeks to avert a recession. Additionally, global conflicts in Israel and Ukraine pose threats to the electronic components supply chain, impacting manufacturing, machinery, investment, and consumer confidence. Story continuesPer the Fusion Worldwide report, the electronic components industry in 2024 showcases distinct dynamics across different market sectors. In the aerospace and defense sector, there is a robust demand for components supporting builds in both industries. The increasing electrical complexity in commercial airplanes contributes to reliable demand. On the automotive front, the sector faced challenges in keeping pace with the global chip shortage but has regained control, enjoying a generally favorable long-term outlook. However, challenges such as pricing volatility must be navigated. Contract manufacturers are expected to remain a focal point of industry discussions in 2024 and beyond. The industry anticipates an uptick in offshoring activities, particularly in emerging countries, coupled with positive changes in the regulatory landscape driving growth. Enterprise computing and servers emerge as exciting opportunities in the electronic component landscape. The ever-growing need for data and computing positions this sector to reach its full potential, influencing critical areas such as AI, IoT, graphics, multimedia, telecommunications, and beyond. The telecom and networking segment, crucial for enabling AI, IoT, and edge computing, foresees sustained high-margin activities, largely insulated from significant challenges in the long run. In the gaming industry, which faced notable obstacles in 2020 and 2021, a rebound is expected. Graphics cards and GPUs remain significant elements, but the landscape is evolving with the rising popularity of cloud gaming, virtual reality, augmented reality, and AI, sparking demand for more advanced components. In the healthcare sector, where operational expenses are a significant consideration, disruptive technologies hold transformative potential. The adoption of AI, remote patient monitoring devices, and digitized diagnostic equipment could reshape paradigms in the field. While there is reluctance among healthcare centers to incur substantial annual expenses, the sector is poised for change with the advent of groundbreaking applications.Some of the best electronic components stocks to buy include Flex Ltd. (NASDAQ:FLEX), Corning Incorporated (NYSE:GLW), and Amphenol Corporation (NYSE:APH). Our Methodology For this article, we scanned Insider Monkey’s fourth quarter database of 933 hedge funds and picked 13 companies operating in the electronic components industry with the highest number of hedge funds. These companies are involved in the design, manufacture, and production of resistors, capacitors, inductors, diodes, transistors, integrated circuits, microcontrollers, transformers, LEDs, sensors, fuses, and more. These are the best electronic components stocks to buy according to hedge funds. 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).13 Best Electronic Stocks To Buy NowAn experienced electronic technician soldering a PCB circuit board.Best Electronic Stocks To Buy Now13. TTM Technologies, Inc. (NASDAQ:TTMI)Number of Hedge Fund Holders: 20TTM Technologies, Inc. (NASDAQ:TTMI) is involved in the global manufacturing and sale of engineered systems, radio frequency (RF) components, RF microwave/microelectronic assemblies, and printed circuit boards (PCB). On February 7, TTM Technologies, Inc. (NASDAQ:TTMI) reported a Q4 non-GAAP EPS of $0.41, topping Wall Street estimates by $0.05. However, the revenue came in at $569 million, falling short of market consensus by $3.03 million. In the first quarter of 2024, TTM Technologies, Inc. (NASDAQ:TTMI) anticipates revenues between $530 million and $570 million, compared to the consensus estimate of $555.58 million. The company also projects non-GAAP net income in the range of $0.24 to $0.30 per diluted share, as opposed to the consensus estimate of $0.27 per share.According to Insider Monkey’s fourth quarter database, 20 hedge funds were bullish on TTM Technologies, Inc. (NASDAQ:TTMI), compared to 17 funds in the prior quarter. D E Shaw is the leading stakeholder of the company, with approximately 2 million shares worth $31 million. Like Flex Ltd. (NASDAQ:FLEX), Corning Incorporated (NYSE:GLW), and Amphenol Corporation (NYSE:APH), TTM Technologies, Inc. (NASDAQ:TTMI) is one of the best electronic components stocks to buy. 12. Daktronics, Inc. (NASDAQ:DAKT)Number of Hedge Fund Holders: 20Daktronics, Inc. (NASDAQ:DAKT) specializes in the design, manufacturing, and marketing of electronic display systems and related products. It operates through Commercial, Live Events, High School Park and Recreation, Transportation, and International segments. The company's product offerings include video displays, scoreboards, timing systems, message displays, intelligent transportation systems, sound systems, digital billboards, and more. Daktronics, Inc. (NASDAQ:DAKT) is one of the best electronic components stocks. On December 5, Daktronics, Inc. (NASDAQ:DAKT) reported financial results for the second quarter of fiscal 2024 which ended October 28, 2023. The company posted GAAP earnings per share of $0.05 and a revenue of $199.4 million, up 6.4% year-over-year. According to Insider Monkey’s fourth quarter database, 20 hedge funds were bullish on Daktronics, Inc. (NASDAQ:DAKT), compared to 16 funds in the prior quarter. Alta Fox Capital Management is the largest stakeholder of the company, with 1.46 million shares worth $12.45 million. Here is what Singular Research has to say about Daktronics, Inc. (NASDAQ:DAKT) in its Q4 2021 investor letter:  “In December, global markets recovered from November’s omicron scare as Covid worries dissipated given the fact that the new variant has not been as severe or vaccine-resistant as previously anticipated. For the month, we initiated coverage on Daktronics, Inc. (NASDAQ:DAKT). DAKT is the world’s leading supplier of electronic scoreboards, large electronic display systems, and digital messaging solutions for use in sports, transportation, and communication.“11. Sanmina Corporation (NASDAQ:SANM)Number of Hedge Fund Holders: 22Sanmina Corporation (NASDAQ:SANM) is a global provider of integrated manufacturing solutions, components, products, repair, logistics, and after-market services. The company operates in two segments – Integrated Manufacturing Solutions and Components, Products, and Services. Sanmina Corporation (NASDAQ:SANM) is one of the best electronic components stocks to invest in. On January 29, Sanmina Corporation (NASDAQ:SANM) reported financial results for its fiscal first quarter of 2024 ended December 30, 2023. The company announced a non-GAAP EPS of $1.30, beating market estimates by $0.08. The revenue of $1.87 billion was in line with Street consensus. According to Insider Monkey’s fourth quarter database, 22 hedge funds were bullish on Sanmina Corporation (NASDAQ:SANM), compared to 24 funds in the prior quarter. D E Shaw is the largest stakeholder of the company, with 625,135 shares worth $32 million. 10. Littelfuse, Inc. (NASDAQ:LFUS)Number of Hedge Fund Holders: 22Littelfuse, Inc. (NASDAQ:LFUS) designs, manufactures, and sells electronic components, modules, and subassemblies globally. It operates through three segments: Electronic, Transportation, and Industrial. Its products include fuses, switches, varistors, and diodes, serving industries like automotive, aerospace, and telecommunications. The company also offers solutions for transportation and industrial applications, such as heavy-duty trucks and renewable energy systems. Littelfuse, Inc. (NASDAQ:LFUS) is one of the best electronic components stocks to buy. On January 31, Littelfuse, Inc. (NASDAQ:LFUS) declared a quarterly dividend of $0.65 per share, in line with previous. The dividend is payable on March 7, to shareholders on record as of February 22. According to Insider Monkey’s fourth quarter database, 22 hedge funds were bullish on Littelfuse, Inc. (NASDAQ:LFUS), compared to 23 funds in the earlier quarter. Ian Simm’s Impax Asset Management is the biggest stakeholder of the company, with 733,819 shares worth $195.3 million. Vulcan Value Partners made the following comment about Littelfuse, Inc. (NASDAQ:LFUS) in its Q1 2023 investor letter:“Littelfuse, Inc. (NASDAQ:LFUS) was a material contributor during the quarter. The company reported favorable results. Margins for the electronics business are elevated compared to the company’s normal targets due to effective price and cost management. Littelfuse’s M&A pipeline is robust, and the company continues to perform well.”9. Rogers Corporation (NYSE:ROG)Number of Hedge Fund Holders: 24Rogers Corporation (NYSE:ROG) specializes in the design, development, and sale of engineered materials and components globally. The company operates through three segments – Advanced Electronics Solutions, Elastomeric Material Solutions, and Other. The company's products cater to diverse industries, including electric vehicles, wireless infrastructure, aerospace, and industrial applications. Rogers Corporation (NYSE:ROG) is one of the best electronic components stocks. However, in the fourth quarter of 2024, the company reported a Q4 non-GAAP EPS of $0.60 and a revenue of $204.6 million, falling short of market estimates on both accounts. According to Insider Monkey’s fourth quarter database, 24 hedge funds were bullish on Rogers Corporation (NYSE:ROG), compared to 23 funds in the earlier quarter. Jeffrey Smith’s Starboard Value LP is the biggest stakeholder of the company, with 454,000 shares worth $60 million. 8. Fabrinet (NYSE:FN)Number of Hedge Fund Holders: 24Ranking 8th on our list of the best electronic components stocks is Fabrinet (NYSE:FN), a company providing optical packaging, precision optical, electro-mechanical, and electronic manufacturing services across North America, Asia-Pacific, and Europe. On February 5, Fabrinet (NYSE:FN) announced financial results for its second fiscal quarter of 2024 ending December 29, 2023. The company posted a non-GAAP EPS of $2.08 and a revenue of $712.7 million, outperforming Wall Street estimates by $0.05 and $17.31 million, respectively. According to Insider Monkey’s fourth quarter database, 24 hedge funds were long Fabrinet (NYSE:FN), compared to 30 funds in the earlier quarter. Whale Rock Capital Management is the largest position holder in the company, with 643,227 shares valued at $122.4 million. FPA Queens Road Small Cap Value Fund made the following comment about Fabrinet (NYSE:FN) in its Q3 2023 investor letter:“Fabrinet (NYSE:FN) is a contract manufacturer of optical communications sensors and equipment. The company has dominant scale in hard-to-replicate precision-manufacturing technologies and an enviable track record of execution. The majority of sales are to optical communications equipment manufacturers, but Fabrinet has been successfully diversifying into the data center, industrial, auto, and medical end -markets. The stock jumped after reporting June 2023 earnings – data center sales increased 50% sequentially and more than 100% over the previous year, driven by their 800-gigabyte transceivers for Artificial Intelligence applications. The company also announced that Nvidia is a 10%+ customer. Fabrinet was a top-five holding in the Fund before their latest earnings announcement and, although we have trimmed our position, is currently the largest holding. While we continue to evaluate what we believe is a positive step change in the company’s earnings power, we are seeking to take some profits in keeping with our risk management policies.”7. Universal Display Corporation (NASDAQ:OLED)Number of Hedge Fund Holders: 28Universal Display Corporation (NASDAQ:OLED) is focused on researching, developing, and commercializing organic light-emitting diode (OLED) technologies and materials for display and solid-state lighting applications globally. Their offerings, branded as UniversalPHOLED, include PHOLED technologies and materials for displays and lighting products. Universal Display Corporation (NASDAQ:OLED) is one of the top electronic components stocks. On February 22, Universal Display Corporation (NASDAQ:OLED) declared a $0.40 per share quarterly dividend, a 14.3% increase from its prior dividend of $0.35. The dividend is payable on March 29, to shareholders on record as of March 15. According to Insider Monkey’s fourth quarter database, 28 hedge funds held stakes in Universal Display Corporation (NASDAQ:OLED), compared to 25 funds in the last quarter. Steve Cohen’s Point72 Asset Management is the largest stakeholder of the company, with 611,020 shares worth $116.8 million. 6. Jabil Inc. (NYSE:JBL)Number of Hedge Fund Holders: 35Jabil Inc. (NYSE:JBL) is a global provider of manufacturing services and solutions, operating in two segments – Electronics Manufacturing Services and Diversified Manufacturing Services. The company provides a range of services including electronics design, circuit design, enclosure design, and manufacturing solutions for 5G, wireless and cloud, digital print and retail, automotive, healthcare, and mobility industries. On January 26, Goldman Sachs reinstated a Buy rating on Jabil Inc. (NYSE:JBL), citing the divestiture of its Mobility business in late December. Analyst Mark Delaney believes that after the divestiture, Jabil presents attractive longer-term earnings per share (EPS) and free cash flow growth opportunities, particularly in markets like hyperscale datacenter, electric vehicles, autonomous driving technologies, renewable energy, and healthcare. Goldman Sachs set a 12-month price target of $141 for Jabil Inc. (NYSE:JBL) shares.According to Insider Monkey’s fourth quarter database, 35 hedge funds were long Jabil Inc. (NYSE:JBL), same as the prior quarter. Whale Rock Capital Management is the biggest stakeholder of the company, with 1.26 million shares worth $160.6 million. In addition to Flex Ltd. (NASDAQ:FLEX), Corning Incorporated (NYSE:GLW), and Amphenol Corporation (NYSE:APH), Jabil Inc. (NYSE:JBL) is one of the top electronic components to buy. It ranks 6th on our list. Artisan Mid Cap Fund made the following comment about Jabil Inc. (NYSE:JBL) in its Q3 2023 investor letter:“We initiated new GardenSM positions in Wingstop, Quanta Services and Jabil Inc. (NYSE:JBL)during the quarter. Jabil provides outsourced manufacturing services to a diverse set of end markets and customers using its 100+ manufacturing facilities. For two decades, Jabil focused on manufacturing to customer-specified blueprints which inherently carried low margins (2%–3%), a problem further exacerbated by Asian competition. In 2017, Jabil commenced a strategic pivot to focus on manufacturing high-growth, low-volume and high-value products in areas such as health care, industrial, automotive, cloud and 5G infrastructure. We believe moving away from more cyclical consumer electronics markets toward secular growth areas, such as EVs and medical devices, will lead to both faster growth and higher margins. During the quarter, Jabil announced a pending sale of its smartphone manufacturing assets, which meaningfully accelerates this transition.” Click to continue reading and see 5 Best Electronic Stocks To Buy Now.  Suggested articles:11 Best Brewery and Distillery Stocks to Buy Now16 Best Financial Stocks To Buy According to Hedge Funds14 Best Software Stocks To Buy According To Hedge Funds Disclosure: None. 13 Best Electronic Stocks To Buy Now is originally published on Insider Monkey.

Insider Monkey

13 Best Electronic Stocks To Buy Now

https://finance.yahoo.com/news/13-best-electronic-stocks-buy-160728969.html

45ccb182-38f6-31ae-ab1a-66f3c329493b

GLW

Global telecommunications is increasingly run on optical fiber -- thin, flexible strands of glass through which light signals are pulsed to transmit data for everything from voice phone calls to web surfing. And this trend is accelerating thanks to vast improvements (in bandwidth, speed of transmission, and signal integrity) over legacy copper wire.As recently as 2015, for example, Statista data shows that only 11% of broadband connections in the United States were fiber optic. By 2022, that number had nearly doubled to 20.4%. (Don't get too excited. The U.S. is still far behind such countries as Korea, Japan, Spain, and Sweden, all of which have better than 80% fiber optic penetration.)Notably, the biggest U.S. maker of glass used in this technology -- Corning (NYSE: GLW) -- is actually only the No. 3 manufacturer of fiber optics globally. Both Switzerland's TE Connectivity (NYSE: TEL) and Japan's Sumitomo Corporation are bigger. Clearly, America could do better -- and the good news is that it's trying.Fiber optics in spaceThis story actually begins about seven years ago, when science fiction novelist Andy Weir penned Artemis, a story about the world's first colony on the Moon. In the novel, this colony's economy is built upon such space age inventions as "Zero Attenuation Fiber Optics" -- a kind of ultra-pure fiber optic cable that, being manufactured in zero gravity, can be made free of imperfections introduced by gravity's effects.So-called ZAFO is described as being many times superior to Earth-manufactured fiber optic cable, supporting even higher bandwidths and retaining signal integrity over vast distances. Here's the cool part: The story is fictional, but ZAFO may be real.Science fiction and science factOn Jan. 25, Northrop Grumman (NYSE: NOC) launched its 20th commercial resupply mission to the International Space Station (ISS), and one of the payloads included on this flight could help confirm the commercial potential of a kind of ZAFO.Story continuesThis payload, from tiny fiber optics researcher Flawless Photonics, will attempt to manufacture something called "ZBLAN" glass (the acronym refers to the chemical composition of the glass) in the low-gravity environment of Low Earth Orbit.If successful, ZBLAN made in space could potentially lower signal loss by "10 to 100 times" in comparison to traditional fiber optics manufactured from silicon oxide on Earth, vastly improving the efficiency of internet service around the planet.What it means for investorsFlawless Photonics may be only a start-up, but it's sufficiently confident in its technology that it's already trademarked a catchy name for when (if) it's commercialized: "SpaceFiber." The trickier question for investors is what would happen after Flawless Photonics proves the concept.Several pieces need to come into place for SpaceFiber to become a real product with real commercial potential. First and foremost, Flawless Photonics would need a place to manufacture it. The ISS, while a great place to test out the concept today, is slated for retirement after 2030.Several companies are currently in the running to set up privately operated space stations to replace it -- and some of these may even be big enough to house the kind of manufacturing operations Flawless Photonics would require. But until one of those stations is actually up there and operating, it's probably too early to bet on SpaceFiber becoming a "thing."A second requirement is a means of transporting manufactured SpaceFiber from orbit, where it's made, down to Earth, where it would be used. Parachuting occasional Soyuz and Dragon capsules down to splash in the ocean doesn't seem to me like an especially reliable way to build a supply chain for glass goods. Probably, we'll need to have something a bit more routine and reliable -- Starships from SpaceX spring to mind, flying regular milk runs to orbit and back -- before products manufactured in orbit for use on Earth become commercially viable.The third key factor in making SpaceFiber a success would be money. As in, a lot of money, and probably a big company (on the scale of a Corning or TE Connectivity) to pay for setting up factories in orbit and hiring transportation of space glass back down to Earth. Whether as an investor in Flawless Photonics, or as a buyer of the company in its entirety, that's probably the way this would work.Long story short, this is a neat idea that Flawless Photonics is trying out, and it's great that NASA and the ISS can help to prove the concept. But we're probably still a decade or more away from any chance of SpaceFiber becoming a viable product on Earth.My best advice in the meantime is to keep an eye on the technology, and an eye out for any mergers and acquisitions activity surrounding companies that say they're developing zero-G optical fiber. Beware, too, of penny stock promotions by companies promising what they (probably) cannot deliver. Your best way to play this technology is probably going to come in the form of owning shares in a much larger company -- such as Corning -- which buys a start-up and commercializes its technology.Should you invest $1,000 in Corning right now?Before you buy stock in Corning, 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 Corning 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 February 26, 2024Rich Smith has no position in any of the stocks mentioned. The Motley Fool recommends Corning. The Motley Fool has a disclosure policy.How Corning Could Profit from Space Glass was originally published by The Motley Fool

Motley Fool

How Corning Could Profit from Space Glass

https://finance.yahoo.com/news/corning-could-profit-space-glass-150000849.html

82627554-009f-33e3-94d3-b4c656d918ba

GM

Value investing is considered one of the best practices when it comes to picking stocks. It is essentially about selecting stocks that are fundamentally sound but have been beaten down by some external factors. Such stocks are poised to bounce back as and when investors recognize the inherent value of companies. Certainly, the value investment strategy best suits investors with a long-term horizon.There are different valuation metrics to determine a stock’s inherent strength. Still, a random selection of a ratio cannot serve your purpose if you want a realistic assessment of a company’s financial position. For this, the Price to Cash Flow (or P/CF) ratio is one of the key metrics. General Motors Company GM, Adtalem Global Education Inc. ATGE, Unum Group UNM and KB Home KBH boast a low P/CF ratio.This metric evaluates the market price of a stock relative to the amount of cash flow that the company is generating on a per-share basis – the lower the number, the better. One of the important factors that makes P/CF a highly dependable metric is that operating cash flow adds back non-cash charges such as depreciation and amortization to net income, truly diagnosing a company's financial health.Analysts caution that a company’s earnings are subject to accounting estimates and management manipulation. However, cash flow is reliable. Net cash flow unveils how much money a company is actually generating and how effectively management is deploying the same.Positive cash flow indicates an increase in a company’s liquid assets. It gives the company the means to settle debt, meet its expenses, reinvest in its business, endure downturns and finally pay back its shareholders. Negative cash flow implies a decline in the company’s liquidity, which in turn lowers its flexibility to support these moves.However, solely based on the P/CF metric, an investment decision may not fetch the desired results. To identify stocks trading at a discount, you should expand your search criteria and consider the price-to-book ratio, price-to-earnings ratio and price-to-sales ratio. Adding a favorable Zacks Rank and a Value Score of A or B to your search criteria should lead to even better results as these eliminate the chance of falling into a value trap.The Bargain Hunting StrategyHere are the parameters for selecting true value stocks:P/CF less than or equal to X-Industry Median.Price greater than or equal to 5: The stocks must all be trading at a minimum of $5 or higher.Average 20-Day Volume greater than 100,000: A substantial trading volume ensures that the stock is easily tradable.P/E using (F1) less than or equal to X-Industry Median: This parameter shortlists stocks that are trading at a discount or are equal to their peers.P/B less than or equal to X-Industry Median: A lower P/B compared with the industry average implies that there is enough room for the stock to gain.P/S less than or equal to X-Industry Median: The P/S ratio determines how a stock price compares to the company’s sales — the lower the ratio the more attractive the stock is.PEG less than 1: The ratio is used to determine a stock's value by taking the company's earnings growth into account. The PEG ratio gives a more complete picture than the P/E ratio. A value of less than 1 indicates that the stock is undervalued and that investors need to pay less for a stock that has robust earnings growth prospects.Zacks Rank less than or equal to 2: Zacks Rank #1 (Strong Buy) or 2 (Buy) stocks are known to outperform irrespective of the market environment.Value Score of less than or equal to B: Our research shows that stocks with a Style Score of A or B when combined with Zacks Rank #1 or 2 offer the best upside potential.Here are four of the nine stocks that qualified the screening:General Motors, which designs, builds, and sells cars, trucks, crossovers, and automobile parts globally, sports a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 20%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for General Motors’ current financial year sales and EPS suggests growth of 1.8% and 17.2% from the year-ago period. General Motors has a Value Score of A. Shares of GM have risen 0.8% in the past year.Adtalem Global Education, a national leader in post-secondary education and a leading provider of professional talent to the healthcare industry, sports a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 16.9%, on average.The Zacks Consensus Estimate for Adtalem Global’s current financial year sales and EPS suggests growth of 6.4% and 10.2%, respectively, from the year-ago period. ATGE has a Value Score of B. Shares of ATGE have advanced 19.5% in the past year.Unum Group, an international provider of workplace benefits and services, carries a Zacks Rank #2. The company has a trailing four-quarter earnings surprise of 5.2%, on average.The Zacks Consensus Estimate for Unum Group’s current financial year sales and EPS suggests growth of 4.2% and 6.9%, respectively, from the year-ago period. Unum Group has a Value Score of A. Shares of UNM have gained 12% in the past year.KB Home, one of the largest and most recognized homebuilders in the United States, carries a Zacks Rank #2. The company delivered a trailing four-quarter earnings surprise of 32.4%, on average.Story continuesThe Zacks Consensus Estimate for KB Home's current financial year sales and EPS suggests growth of 4.4% and 8%, respectively, from the year-ago period. KBH has a Value Score of A. Shares of KBH have gained 80.1% in the past year.You can get the remaining stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and backtest them first before taking the investment plunge.The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.Click here to sign up for a free trial to the Research Wizard today.Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/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 reportUnum Group (UNM) : Free Stock Analysis ReportGeneral Motors Company (GM) : Free Stock Analysis ReportKB Home (KBH) : Free Stock Analysis ReportAdtalem Global Education Inc. (ATGE) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Pick These 4 Low P/CF Stocks to Spruce Up Your Portfolio

https://finance.yahoo.com/news/pick-4-low-p-cf-124200760.html

f5e48e33-4f14-3243-8dbc-ec98a8e3d15d

GM

Tesla Inc (NASDAQ: TSLA) enjoyed the non-existent EV competitive landscape for quite a while as legacy automakers such as General Motors (NYSE: GM) and Ford Motor (NYSE: F) struggled to evolve. But then, China’s leading EV maker, came to the scene and turned Tesla’s world upside down. When it showed its new model back in 2007, BYD Company Limited (OTC: BYDDY) was a laughingstock. But, no one is laughing at BYD now who went far from being a battery manufacturer with a poor attempt of making a car to Tesla’s biggest threat. During the weekend, BYD even unveiled a super EV that promises to challenge even the luxurious Ferrari on the speed front.BYD Is Going After The Luxury MarketA large part of BYD’s cars is in the lower price range, but BYD is also going for its part of the luxury market. Last year, BYD introduced its luxury brand Yangwang. Its super EV, the U9, will come from its luxury line. With a top speed of 309.19 kph, or 192.12 mph and the ability to accelerate to 100 kph within only 2.36 seconds, BYD’s newest EV is in line with long-established automakers such as Ferrari. However, Chinese EV makers have a significant advantage over their global rivals, the fact that China is the key market for a lithium iron phosphate production. These batteries are cheaper because they do not require expensive metals like cobalt.BYD’s growth is unlike anything the automotive industry has seen in decades.Last year, BYD made more than 3 million new-energy vehicles, made of 1.6 million battery-only cars and 1.4 million hybrids. But, BYD is now going for its piece of the luxury market while also expanding its global footprint beyond China. BYD does not sells its EVs and hybrids in the U.S. due to Trump era tariffs, which bodes well for Tesla, but it does sell buses. Even Tesla CEO admitted in January that if there were no trade barriers, the Chinese companies would pretty much demolish their rivals with their exported vehicles. However, Europe is another story. Last year, BYD announced it will build its first factory in Europe and the latest news suggest it will be in Hungary. Hungarian Prime Minister met with BYD’s leaders during the weekend to discuss this multi-billion investment that would be the greatest in the country’s history.  Through subsidies, Beijing is strongly supporting Chinese companies to expand internationally in response to foreign trade restrictions.Story continuesHowever, legacy automaker General Motors is also re-entering Europe after its 2017 exit. GM chose to leave Europe after nine decades to focus on North America and China. Moreover, General Motors chose luxury EVs for its comeback, going after France and Sweden first as it plans to expand to five European markets. General Motors just announced that direct-to-consumer sales of the Cadillac Lyriq will kick off in France as of March 23rd.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?TESLA (TSLA): Free Stock Analysis ReportThis article BYD Is Going After The Luxury Market As It Sets Its Eyes On Expanding To Europe originally appeared on Benzinga.com© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Benzinga

BYD Is Going After The Luxury Market As It Sets Its Eyes On Expanding To Europe

https://finance.yahoo.com/news/byd-going-luxury-market-sets-204408975.html

e27eb20e-850d-3a10-a112-0f9d9097f60f

GM

If former President Donald Trump wins another term in November's election, Biden's electric vehicle policies could be tossed into the trash.Trump, the presumptive Republican nominee after Nikki Haley suspended her campaign last week, once again repeated his claims that EVs are not ready for prime time, and structural issues still exist for widespread adoption.“I’m all for electric cars but you have to have all of the alternatives also,” Trump said in an interview with CNBC on Monday morning. “First of all they don’t go far, they cost too much, and they’re all going to be made in China.”Trump has said in the past that EVs are a “hoax” and that an EV transformation will destroy the US auto industry and kill jobs. He has promised to reverse Biden's EV policies if he returns to office and he’s now one step closer to doing so.Trump added some choice words for the people behind the “Biden all-electric mandate” in the CNBC interview, but he also voiced concerns over the infrastructure issues that exist in the US for an all-electric transformation.“You can’t just go to electric," Trump said, adding that the grid isn't up to the challenges of production and distribution.What this means for the auto sector — and EVsTrump is incorrect about criticism of the grid’s electrical output, but his critique of the distribution of energy (i.e., charging) is a continued concern for drivers and automakers.It’s why the automakers are doing all they can to improve the infrastructure issue by joining forces with Tesla in one instance and starting their own joint venture to expand charging in another.Republican presidential candidate former President Donald Trump speaks to guests during a campaign stop at Drake Enterprises, an automotive parts manufacturer, on Sept. 27, 2023, in Clinton Township, Mich. (Scott Olson/Getty Images) (Scott Olson via Getty Images)But the distribution issues Trump cites would be largely problems caused by a Trump presidency in and of itself.The biggest threat to the transformation is the cutting off of the federal spigot of funds for this key infrastructure — namely the Inflation Reduction Act’s federal EV tax credit and the Bipartisan Infrastructure Law’s $7.5 billion earmarked to build an EV charger network. If Trump is successful in rolling back one or both of these landmark initiatives, an electric transformation in the US would be difficult to achieve.Story continuesAutomakers are also seeing the writing on the wall coming from their own consumers, who echo some of the concerns Trump has with EVs.The combination of high rates and serious price premiums over comparable gas-powered cars and hybrids has led to stalling sales. And now Ford, GM, and even Tesla are warning about the slumping demand continuing into 2024.Trump’s desire to see more “alternatives” is already happening because of this, with Ford pivoting deeper into its hybrids — the Maverick pickup and F-150 hybrids chief among them — and reports that GM is looking to add hybrids to its product portfolio ASAP. (It currently only has one: the Corvette E-Ray.)Stellantis CEO Carlos Tavares told Yahoo Finance at a roundtable meeting last month that the automaker was already game-planning for either a Trump or a Biden election win, with “multi-energy platforms” that can accommodate both fully electric or a more traditional gas-powered option with the same model. The upcoming Dodge Charger muscle car is an example of that strategy with two powertrains.Kevin Plank of Under Armour, Elon Musk of SpaceX, and Wendell P. Weeks of Corning listen to President Donald Trump during a meeting with business leaders in the Roosevelt Room of the White House on Jan. 23, 2017, in Washington, D.C. (Matt McClain/The Washington Post via Getty Images) (The Washington Post via Getty Images)As for Tesla, going the hybrid route is not a possibility. But CEO Elon Musk still has a friend in the former president, at least for now.“I’ve been friendly with him over the years, I’ve helped [him] when I was president; I’ve liked him,” Trump said when asked about Musk and a meeting he had with the Tesla CEO at Mar-a-Lago this past weekend. “We obviously have opposing views on a minor subject I’ll call electric cars.”Whether Trump carves out some kind of special treatment for his friend Musk or maintains the EV tax credit for fully electric vehicles like those made in the US by Tesla is anyone’s guess, but that scenario looks less and less likely as November approaches.Pras Subramanian is a reporter for Yahoo Finance. You can follow him on Twitter and on Instagram.Click here for the latest stock market news and in-depth analysis, including events that move stocksRead the latest financial and business news from Yahoo Finance

Yahoo Finance

'You can't just go to electric': Trump sounds off on EV transition as automakers warn on demand

https://finance.yahoo.com/news/you-cant-just-go-to-electric-trump-sounds-off-on-ev-transition-as-automakers-warn-on-demand-161918940.html

2f5c04b7-4080-41f7-8035-c42c386aaa40

GM

In this article, we will look at the 17 European countries with the highest unemployment rates. We have also discussed the fluctuating unemployment rates in the EU zone in 2023. If you want to skip our detailed analysis, head straight to the 5 European Countries with the Highest Unemployment Rates. In November 2023, the unemployment rates in Europe continued their downward trend, with the euro area at 6.4% and the EU at 5.9%. These figures represent a decline from the previous month and the same period in 2022. Eurostat data showed a decrease in the number of unemployed persons in both the EU and the euro area compared to October 2023 and November 2022, with 12.954 million individuals unemployed in the EU and 10.970 million in the euro area.Youth unemployment remained a concern, with 2.814 million young people unemployed in the EU, of which 2.321 million were in the euro area. Although the youth unemployment rate decreased slightly from the previous month, it saw an increase compared to November 2022. Unemployment rates for men and women showed slight variations, with women experiencing a slightly higher unemployment rate in both the EU and the euro area. It is worth noting that Luxembourg and Austria are countries with the low unemployment rates in Europe. During our research, we also observed the intricate dynamics of job creation and unemployment rates in Southern Europe, particularly in Portugal, Greece, Spain, and Italy. Despite a noticeable decrease in unemployment figures over the past decade, the underlying issues of job insecurity and low wages persist. Portugal, for instance, experienced a remarkable economic turnaround, with its unemployment rate dropping from a peak of 17.9% in 2013 to 6.6% by the end of 2023. Similarly, Greece saw a significant decrease from 27% in 2014 to below 10% presently. Italy recorded the creation of 456,000 jobs between 2022 and 2023, contributing to a decreased unemployment rate of 7.2% in December 2023. Spain also witnessed a noteworthy drop in unemployment, despite regional disparities, with the creation of 783,000 jobs in 2023. Story continuesHowever, despite these positive trends, challenges such as regional disparities and inadequate training persist as there are disparities in unemployment rates across regions, such as 6.3% in Spain's Basque Country compared to 17.6% in Andalusia. Additionally, a major proportion of the population lacks adequate education, with over 35% of individuals in Portugal, Italy, Spain, and Greece having an education level below the baccalaureate. Furthermore, job insecurity remains prevalent, compounded by the acceptance of low wages. It is worth highlighting that Malta was the country with the lowest unemployment rate in Europe in 2023. While unemployment rates continue to fluctuate, key employers in Europe like Microsoft Corp (NASDAQ:MSFT) and General Motors Co (NYSE:GM) are actively participating in the region to improve the economic and technological landscape in these countries. For example, in response to the growing demand for cloud infrastructure in Europe, Microsoft Corp (NASDAQ:MSFT) is making major investments to expand its capabilities. This expansion includes bolstering infrastructure at both new and existing data centres, incorporating cutting-edge AI accelerators from industry leaders like NVIDIA Corp (NASDAQ:NVDA) and AMD, and optimizing networking and storage solutions for enhanced performance. With over 60 datacenter regions worldwide, Microsoft Corp (NASDAQ:MSFT) boasts the largest global cloud footprint, ensuring that businesses can access high-capacity networking infrastructure while adhering to data residency and compliance requirements.Europe's dynamic economic landscape necessitates a robust cloud infrastructure that supports global scalability. Microsoft Corp (NASDAQ:MSFT) investments in key European regions such as the United Kingdom, Sweden, and Germany underscore its commitment to providing customers with the necessary tools to harness the power of the cloud. These strategic expansions not only cater to burgeoning demand but also align with Microsoft Corp (NASDAQ:MSFT)  sustainability goals, incorporating eco-friendly practices like free air cooling and renewable energy sources.Choosing the right cloud architecture is pivotal for organizations embarking on their digital transformation journey. Microsoft Corp (NASDAQ:MSFT) Azure offers a plethora of regions worldwide, allowing customers to optimize costs, meet regulatory requirements, and achieve business growth seamlessly. Leveraging frameworks like the Cloud Adoption Framework and the Well Architected Framework empowers organizations to build reliable, secure, and performant workloads while maximizing the value of their investment in Azure infrastructure. On the other hand, General Motors Co (NYSE:GM) is making a bold return to the European market with the launch of its electric Cadillac, the Lyriq SUV. After maintaining a low profile in the region for several years, the automaker has announced that it will start taking orders for the battery electric Lyriq in Switzerland, with deliveries expected to commence in the first half of 2024. Over the next couple of years, General Motors Co (NYSE:GM) plans to introduce electric models in Sweden, France, and three additional European countries. This move marks a major shift for General Motors Co (NYSE:GM), which previously only imported a small number of vehicles into Europe and sold off its Opel and Vauxhall brands in 2017 to what is now Stellantis.The Lyriq, powered by General Motors Co (NYSE:GM)’s Ultium batteries with an impressive estimated range of 530km per charge, will be priced competitively, starting at CHF82,000 (US$89,705), comparable to premium German electric SUVs. General Motors Co (NYSE:GM)  intends to sell its Cadillac EVs directly to European consumers through its websites and flagship stores, including one in downtown Zurich, importing the models from its US plant in Spring Hill, Tennessee. With plans to offer a complete range of fully electric models in Europe by the end of the decade, General Motors Co (NYSE:GM) is set to make a huge impact on the region's electric vehicle market.17 European Countries with the Highest Unemployment RatesFEMA/ Michael RaphaelMethodologyTo list the 17 European countries with the highest rates of unemployment, we utilized the unemployment rates provided by the World Bank, ensuring that the list is based on reliable and objective statistics. The unemployment rates were acquired from World Bank data for the year 2022, for all 17 European countries.By the way, Insider Monkey is an investing website that uses a consensus approach to identify the best stock picks of more than 900 hedge funds investing in US stocks. The website tracks the movement of corporate insiders and hedge funds. Our top 10 consensus stock picks of hedge funds outperformed the S&P 500 stock index by more than 140 percentage points over the last 10 years (see the details here). So, if you are looking for the best stock picks to buy, you can benefit from the wisdom of hedge funds and corporate insiders.17. Romania Unemployment Rate: 5.6% Romania's unemployment rate held steady at 5.4% in November 2023, with 442,100 individuals aged 15-74 jobless, a decrease from October. Gender disparities persisted, with men facing a 5.8% unemployment rate compared to 4.9% for women. Concerningly, youth unemployment stood at 21.1%. 16. LithuaniaUnemployment Rate: 6.0%In the fourth quarter of 2023, Lithuania struggled with a high increase in unemployment, marking a rise to 7.4%, an increase of 1.2% from the previous quarter. The State Data Agency revealed that male unemployment stood at 8.3%, while female unemployment reached 6.6%. Particularly concerning was the youth unemployment rate, soaring to 18.3%, up by 6.4 percentage points. It is one of the places with the highest unemployment rate by country in 2023.15. Portugal Unemployment Rate: 6.0%Amidst fluctuations, Portugal's unemployment rate reached 6.5% in September, slightly up from the previous year, yet with record-high employment since 1998. Labor force stability persists, with slight increases in employment and underutilization rates. It is also one of the countries with the highest skilled labor shortages in Europe. 14. Slovak RepublicUnemployment Rate: 6.1%The unemployment rate in Slovak Republic was 6.1% in 2022. However, in January 2024, Slovakia's unemployment rate slightly increased to 3.97%, up by 0.09% from December 2023. but down by 0.47% from January 2023. Minister Erik Tomas noted the rate remains below 4%, indicating a a strong labor market, motivating continued efforts to assist job seekers. 13. FinlandUnemployment Rate: 6.7%While the unemployment rate in the country was 6.7% in 2022, Finland's unemployment rate continued to rise till the end of 2023, reaching 7.6% among 15-74-year-olds, with 26,000 more people jobless compared to November 2022. The economic downturn has affected various sectors, notably construction, facing a crisis. Economists attribute the recession to falling household consumption, declining business confidence, and tight monetary policies. It is one of the countries with high levels of unemployment in Europe. 12. LatviaUnemployment Rate: 6.8%According to the Ministry of Finance, Latvia anticipates a decrease in unemployment to 5% in the coming years. The abor market reflects the economic downturn's impact with a lag, evidenced by rising registered unemployment. 11. CroatiaUnemployment Rate: 7.0%In January 2024, Croatia's registered unemployment rate rose to 6.8%, with 119,720 people registered as unemployed, marking a 4.1% increase from the previous month. However, there was a 2.2% decrease compared to the previous year. 10. FranceUnemployment Rate: 7.3%In France, inflation is on a downward trend while unemployment is steadily rising, echoing concerns about Europe's future. The inflation rate dropped to 4% in October from 4.9% in September, mainly due to reduced energy prices. Similarly, unemployment rose to 7.4% in Q3 2023 from 7.2% in Q2 2023, a concerning development blamed on the sluggish global economy. Analysts predict a gradual increase to 7.8% by 2025. With Europe's GDP growth estimates revised downward and global demand weakening, fears of rising unemployment across the continent are looming. It is one of the countries with the highest unemployment rates in 2024. 9. SwedenUnemployment Rate: 7.4%According to research from Sveriges Riksbank, Sweden is expected to experience a decrease in employment and labor force growth. Authors suggest that while Sweden's labor force grew by an average of 1.1% annually over the past decade, it will decline to 0.3% in the future due to lower demographic growth and shifts in the age composition of the population.It is one of the countries where its easy for Americans to find a job. 8. ItalyUnemployment Rate: 8.1%In Italy, four out of five individuals from the youth consider emigration due to bleak prospects. Despite a drop in youth unemployment from 42.7% in 2014 to 21% in 2023, reforms like the Jobs Act failed to alleviate their plight. Introduced by Matteo Renzi, the Act relaxed labor market regulations, yet deepened young workers' economic insecurity. Flexible contracts dominate, with 38.2% of youth under temporary arrangements. Italy is one of the EU countries with the highest unemployment rates. 7. SerbiaUnemployment Rate: 8.7%In Serbia, unemployment saw a slight increase to 9.1% in the fourth quarter of 2023, up from 9.0% in the previous quarter. Despite this, there was a marginal decrease compared to the same period in the previous year. The capital Belgrade boasted the lowest unemployment rate at 6.7%, while the southern and eastern regions faced the highest rate at 11.2%. 6. UkraineUnemployment Rate: 9.8%Unemployment in Ukraine has surged to alarming levels, exacerbated by the economic fallout from Russia's invasion. With job losses, reduced incomes, and increasing utility bills, millions of Ukrainians are struggling with financial distress.Economic losses from the invasion have reached staggering figures, prompting 14.5 million Ukrainians to flee the country, while others face dire prospects at home. It is one of the countries with the highest unemployment rate in the world.Click here to see the 5 European Countries with the Highest Unemployment Rates.Suggested Articles:20 States with the Highest Unemployment Rates20 States with the Lowest Unemployment Rates25 Countries with the Lowest Unemployment Rates in the WorldDisclosure: None. 17 European Countries with the Highest Unemployment Rates is originally published on Insider Monkey.

Insider Monkey

17 European Countries with the Highest Unemployment Rates

https://finance.yahoo.com/news/17-european-countries-highest-unemployment-162704111.html

7120f524-48a5-3a65-9160-0381bc6ec094

GNRC

Stocks have been defying expectations with the S&P 500 index reaching recent all-time highs. The bullish sentiment is being fueled by expectations of multiple interest rate cuts starting sooner rather than later. Risk-on sentiment is starting to return, and investors are looking for growth stocks to buy. But the rally hasn’t been broad-based. It’s more like a game of Whack-a-Mole. Even the Magnificent 7 has been trimmed by one. Investors want to see the rally broaden out before they will believe a full-fledged bull market is underway.They may be waiting a little longer. The latest reading of the consumer price index (CPI) hints that inflation may be making a return. And that is dampening hopes for interest rate cuts. InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut there are some stocks that are ready to report strong earnings even if the Fed stands pat. And those stocks still look undervalued. If these stocks start to run, you’ll know a bull market is underway. Here are seven growth stocks to buy no matter what happens to the broader market. Generac Holdings (GNRC)Generac GP7500E 7500-Watt Gasoline during Fundraising Event in Olney, MDSource: Lissandra Melo / Shutterstock.comGenerac (NYSE:GNRC) is growing, just not as much as analysts want. That’s my initial takeaway from the company’s earnings report. The company missed analyst’s forecasts on the top and bottom line. Still, the company delivered year-over-year (YOY) gains, reversing a trend from the last few quarters.And the company’s guidance was lighter than expected. Ok, maybe Generac could use some help from the Fed. But either way, it seems that investors are trying to figure out a fair price for the stock. I listed GNRC stock as an undervalued stock in October 2023. It surged higher but quickly moved into overbought range. That was just about where the stock was prior to earnings. Again, this is a case of good not being good enough. The company’s gross margin continues to improve and the company still forecasts robust earnings growth in 2024. Story continuesThat growth may be stronger with a little help from the Fed – or a strong hurricane season that reminds consumers of the base use case for the company’s signature product line. Either scenario would send the stock soaring which is why it should be on a watchlist of growth stocks to buy. Snowflake (SNOW)Snowflake symbol and logo at the company corporate headquarters in Silicon Valley. SNOW stock.Source: Sundry Photography / ShutterstockInvestors are learning that AI, even generative AI is only as good as the data it has available. Snowflake (NASDAQ:SNOW) is a cloud-based data storage company. However, Snowflake does more than just collect and house data. It uses AI to help provide insights. To that end, the company made a number of strategic acquisitions in the last year to help enhance its AI and machine learning capabilities.The company’s allows its customers to access its data across numerous public clouds which sets it apart from others in the sector. It also helps ensure that the company will continue to deliver double-digit revenue and earnings growth.Analysts still have a consensus rating of Buy on SNOW stock. But the consensus price target is below the current price. But price targets are rising ahead of the company’s earnings report on February 28, 2024. A solid report and guidance would be all that some analysts will need to bid the stock higher. Sea Limited (SE)The logo for Sea Limited is seen on a web browser through a magnifying glass.Source: Postmodern Studio / Shutterstock.comIn marketing, companies will frequently talk about the shotgun versus rifle approach to reaching consumers. The rifle approach is a niche approach that targets a company’s products to a specific market, but in a way that will, ideally, help the company capture outsized market share in that market. The shotgun approach means that a company has offerings that attempt to cast a wide net. That’s a long –winded way to describe what Sea Limited (NYSE:SE) is doing in Latin America and Southeast Asia. The company’s business model includes digital entertainment, e-commerce and digital payments and financial services. If that sounds like Amazon (NASDAQ:AMZN), you’d be right. The company is often compared to Amazon. But Sea Limited has much more growth to offer, especially as many Asian markets are starting to reawaken. The company is forecasting earnings to grow by over 85% in the next 12 months and analysts give the stock a consensus Buy rating with a price target that forecasts 27% growth. Palantir (PLTR)Palantir logo on the smartphone and the company share price on the day of opening the trade October 1, 2020. Palantir valued at $15.8bn in stock market debut. PLTR stockSource: Ascannio / Shutterstock.comPalantir (NYSE:PLTR) stock is up a whopping 177% in the last 12 months and 49.9% in 2024. However, most of its recent growth has come after it reported earnings in February. Heading into earnings, analysts were skeptical that Palantir would be able to deliver on lofty expectations of growth with its AI platform, AIP. Those doubts were more than allayed. Palantir is signing up new customers at a dizzying pace. That’s due, in no small part to the AI bootcamps that the company is conducting. Midway through 2023, Palantir delivered its first profitable quarter. With this latest report, the company is well on its way to delivering a full-year of positive earnings and expectations for next year are for more of the same. Analysts still have a Neutral rating on PLTR stock, but recent price targets are moving noticeably higher. While the stock has dropped after each of its last two earnings reports, it’s moved on to higher highs each time. Lockheed Martin (LMT)Close top view of a Lockheed Martin (LMT) F-35C Lightning II with afterburner onSource: ranchorunner / Shutterstock.comLockheed Martin (NYSE:LMT) is not necessarily a name that comes to mind when you think about growth stocks to buy. However, these aren’t ordinary times. The world is full of geopolitical flashpoints that seemingly could get much worse very quickly. Metaphorically, the world is on fire. And that sound of fiddles you hear may be coming from the U.S. Congress which seems to be in a state of permanent disfunction. A little gridlock is good, but it would be nice to think Congress could pass a budget. The absence of which is weighing on LMT stock.The company is one of the leading defense contractors to the United States. A year ago, it would have seemed laughable that the defense budget would be cut. It still may not get cut, but it’s less of a certainty. Something has to give. But that assumes the political will exists to fix the budget deficit. Investors hate uncertainty. Budgets provide certainty. Perhaps the election will provide that. Newmont (NEM)Newmont logo on a mobile phone screenSource: Piotr Swat/ShutterstockSpeaking of out-of-control federal spending, it may be a great time to invest in gold. And if physical gold is not your style, Newmont Mining (NYSE:NEM) may be more your flavor. Whatever you feel about gold as an investment, it’s hard to argue with the law of supply and demand. Central banks the world over bought gold at a record pace in 2022. And last year, the amount of gold they purchased was just below that level. There’s no reason to believe they’re done buying. Newmont is the world’s leading gold mining business, and it has the balance sheet to prove it. In its’ most recent quarter, the company’s operating cash flow came in at $1 billion. That puts the company in a solid position to meet their forecast of a 35% increase in earnings as gold continues to rise. Pfizer (PFE)Pfizer logo on Pfizer building. Pfizer is an American pharmaceutical corporation.Source: Manuel Esteban / Shutterstock.comPfizer (NYSE:PFE) ran a Super Bowl ad which had nothing to do with that vaccine. Instead, the 90-second spot looked to remind viewers that Pfizer has played a key role in, among other things, developing cancer treatments.That’s a good reason to consider PFE stock. In the fourth quarter of 2023, Pfizer completed its acquisition of Seagen (NASDAQ:SGEN). This will more than double Pfizer’s oncology pipeline which was already formidable. It will still take time for these drugs to move through clinical trials, but the company has other candidates in its pipeline, including its own entry into the obesity drug market, that are much closer.All of which is to say that PFE stock is undervalued and should be considered one of the growth stocks to buy in 2024. It’s trading near its 52-week low and has a forward P/E ratio of just 12x. Analysts have a Buy rating on the stock as well with a price target of $31.21. And Pfizer pays a solid dividend that the company has increased for the 14 consecutive years and currently yields 6.11%.On the date of publication, Chris Markoch had a LONG position in PLTR. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.Chris Markoch is a freelance financial copywriter who has been covering the market for over five years. He has been writing for InvestorPlace since 2019.More From InvestorPlaceChatGPT IPO Could Shock the World, Make This Move Before the Announcement“America’s Top Trader” Issues A.I. Code Red: Act Now or Miss OutIt doesn’t matter if you have $500 or $5 million. Do this now.The post Get Rich Quick with These 7 Growth Stocks to Buy Now appeared first on InvestorPlace.

InvestorPlace

Get Rich Quick with These 7 Growth Stocks to Buy Now

https://finance.yahoo.com/news/rich-quick-7-growth-stocks-183306102.html

234a01e2-2a80-3ecc-943c-b85ed2b59de1

GNRC

Polen Capital, an investment management company, released its “Polen U.S. Small Company Growth Strategy” fourth-quarter 2023 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the fund delivered 10.46% gross and 10.22% net of fees compared to a 12.75% return for the Russell 2000 Growth Index. The firm views the performance in many respects as evidence of the stability of its investment approach in the face of frequent and significant market swings. In addition, please check the fund’s top five holdings to know its best picks in 2023.Polen U.S. Small Company Growth Strategy featured stocks such as Generac Holdings Inc. (NYSE:GNRC) in the Q4 2023 investor letter. Headquartered in Waukesha, Wisconsin, Generac Holdings Inc. (NYSE:GNRC) is a power generation equipment, energy storage systems, and other power product manufacturer and supplier. On February 20, 2024, Generac Holdings Inc. (NYSE:GNRC) stock closed at $114.39 per share. One-month return of Generac Holdings Inc. (NYSE:GNRC) was 1.08%, and its shares lost 3.63% of their value over the last 52 weeks. Generac Holdings Inc. (NYSE:GNRC) has a market capitalization of $6.879 billion.Polen U.S. Small Company Growth Strategy stated the following regarding Generac Holdings Inc. (NYSE:GNRC) in its fourth quarter 2023 investor letter:"Generac Holdings Inc. (NYSE:GNRC) is the leading brand for a wide range of power equipment including standby generators for homes and backup power for commercial and industrial markets. Generac is uniquely positioned due to its scale–it’s the largest manufacturer in the U.S. and has the largest dealer/distributor network with 75% market share in the residential business and elevated market share in commercial/industrial depending on the end market. Generac was previously held in the U.S. SMID strategy prior to exiting the position in 2021 due to concerns around the supply chain and a wider range of potential outcomes given a surge in demand through the pandemic. Since then, earnings have declined as pandemic era pull-forward demand normalized and the valuation is far more attractive. We believe long-term earnings per share (EPS) growth is in the mid to high teens but that EPS will grow significantly faster over the next two years as margins inflect post COVID re-set—something we are already observing in the business fundamentals."Story continuesA closeup of a technician controlling a power generation facility.Generac Holdings Inc. (NYSE:GNRC) is not on our list of 30 Most Popular Stocks Among Hedge Funds. At the end of the fourth quarter, Generac Holdings Inc. (NYSE:GNRC) was held by 34 hedge fund portfolios, same as 34 in the previous quarter, according to our database.We discussed Generac Holdings Inc. (NYSE:GNRC) in another article and shared Artisan Small Cap Fund's views on the company. In addition, please check out our hedge fund investor letters Q4 2023 page for more investor letters from hedge funds and other leading investors.Suggested Articles:25 Most Popular Email Newsletters in the US in 202425 Best Whiskeys in the World in 202420 Most Carbon Productive Companies in the WorldDisclosure: None. This article is originally published at Insider Monkey.

Insider Monkey

What Makes Generac Holdings (GNRC) an Investment Choice?

https://finance.yahoo.com/news/makes-generac-holdings-gnrc-investment-131705104.html

02353826-09ee-3bb3-8b9f-9ab91202f5d4

GNRC

IT veteran leads new era of innovation at GeneracWAUKESHA, Wis., March 4, 2024 /PRNewswire/ -- Generac Power Systems (NYSE: GNRC), a leading global designer, manufacturer and provider of energy technology solutions and other power products, today announced the appointment of Talal Butt as chief information officer (CIO) effective March 4, 2024. In this role, Butt will report to Generac president and chief executive officer Aaron Jagdfeld.Generac (PRNewsfoto/Generac Power Systems, Inc.)Butt will be responsible for spearheading the global information technology organization for Generac, including developing enterprise strategies for digital commerce, data & AI, IT infrastructure, cybersecurity, and global applications. He brings more than 20 years of experience in driving technology innovation and supporting global business growth with a focus on executing business strategies and optimizing the digital end-to-end customer experience."Talal brings a wealth of experience to Generac that will support the company's continued success and growth," said Aaron Jagdfeld, president and chief executive officer of Generac. "He has an impressive history of delivering digital transformation on a global basis and building creative platforms to drive revenue, and he will be instrumental in helping us deliver a world-class IT platform that serves our diverse customer base."Butt most recently served as Global Vice President – Enterprise Transformation and Architecture at Rockwell Automation, a provider of industrial automation and digital transformation technologies. In this role, Butt was responsible for leading the enterprise's digital and business transformation strategy and execution. He also served as the interim leader of Data, Analytics and Insights as well as cloud operations functions and cybersecurity.Prior to Rockwell Automation, Butt served as the Vice President and IT Project Services Manager at Milwaukee-based international wealth management firm Robert W. Baird. In this role, Butt managed a cross-functional portfolio of IT projects related to applications development, infrastructure, and third-party integrations for multiple Baird business units. Earlier in his career, he worked at global companies Covance, Inc. and General Electric HealthCare, where he held various leadership roles in application development and IT infrastructure.Story continues"I am thrilled to be joining such a dynamic company," said Butt. "Generac has an impressive track record of success. I look forward to contributing to its continued growth, collaborating with its experienced executive leadership team and driving technology innovation in the years ahead."About GeneracGenerac Power Systems (NYSE:GNRC) is a leading energy technology company that provides backup and prime power products and energy storage systems for home and business applications, as well as energy monitoring and management devices and services, along with other power products. Founded in 1959, Generac introduced the first affordable backup generator and later created the category of automatic home standby generator. The Company has continued to expand its energy technology offerings in its mission to lead the evolution to more resilient, efficient, and sustainable energy solutions.Media Contact: Stephanie [email protected] | (262) 968-8252CisionView original content to download multimedia:https://www.prnewswire.com/news-releases/generac-appoints-talal-butt-as-chief-information-officer-302077633.htmlSOURCE Generac Power Systems, Inc.

PR Newswire

Generac Appoints Talal Butt as Chief Information Officer

https://finance.yahoo.com/news/generac-appoints-talal-butt-chief-123000222.html

87b57d1f-8376-31af-b70a-05b0f65d4ab3

GNRC

Generac Holdings (GNRC) closed the most recent trading day at $116.55, moving -0.47% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.11% for the day. Meanwhile, the Dow experienced a rise of 0.12%, and the technology-dominated Nasdaq saw a decrease of 0.41%.The generator maker's stock has dropped by 7.73% in the past month, falling short of the Computer and Technology sector's gain of 1.42% and the S&P 500's gain of 2.7%.The investment community will be closely monitoring the performance of Generac Holdings in its forthcoming earnings report. The company is expected to report EPS of $0.76, up 20.63% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $887.43 million, indicating a 0.05% decline compared to the corresponding quarter of the prior year.For the annual period, the Zacks Consensus Estimates anticipate earnings of $6.45 per share and a revenue of $4.21 billion, signifying shifts of +19.44% and +4.65%, respectively, from the last year.It's also important for investors to be aware of any recent modifications to analyst estimates for Generac Holdings. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 12.16% decrease. As of now, Generac Holdings holds a Zacks Rank of #3 (Hold).Story continuesValuation is also important, so investors should note that Generac Holdings has a Forward P/E ratio of 18.14 right now. This denotes a premium relative to the industry's average Forward P/E of 13.It's also important to note that GNRC currently trades at a PEG ratio of 1.81. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. GNRC's industry had an average PEG ratio of 4.7 as of yesterday's close.The Electronics - Power Generation industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 53, this industry ranks in the top 22% 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.Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming 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 reportGenerac Holdings Inc. (GNRC) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Generac Holdings (GNRC) Dips More Than Broader Market: What You Should Know

https://finance.yahoo.com/news/generac-holdings-gnrc-dips-more-221519326.html

8b446297-f4b5-309c-b7ad-86ac1738b5bf

GOOG

The US Supreme Court will hear arguments over laws regarding social media. This stems from concerns over state laws enacted by Florida and Texas that would stop social media platforms from supposedly suppressing certain political content. The ruling may have major implications for how state governments may regulate how social media platforms moderate their content.Sinan Aral, Author of The Hype Machine and Professor at MIT Sloan Management, joins Yahoo Finance to discuss the social media case before the Supreme Court, how it may play out, and the implications of its potential rulings.When asked how the Supreme Court may lean, Aral says: "I think the justices are skeptical of these laws. I don't imagine that these two laws are going to be upheld in their entirety. I think that either they're going to be overturned or the cases are going to be remanded for further development in the lower courts. And the reason why that would happen is precisely the threading the needle that I discussed earlier, which is that the Supreme Court is likely to want to bound the impact of their decision... You saw them asking questions about exactly what are the boundaries of the scope of these laws and therefore their decisions about these laws. At the end of the day, it's going to be about content moderation and how much of it is the purview of social media companies or not."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 Nicholas JacobinoVideo TranscriptJULIE HYMAN: All right. Today the Supreme Court is hearing arguments that could shape the future of social media. At the center, two laws that seek to limit how social media companies moderate content on their sites. The state laws say companies cannot remove users or posts from platforms.The companies have argued it's their First Amendment right to do so. With more, we're joined by Sinan Aral, the David Austin professor of management, IT, marketing, and data science at MIT. Sinan, it's good to see you. Thanks for joining us here.Story continuesThere have been so many attempts to try to figure out how to regulate this. So it's interesting these cases and where they're coming from and the allegations that they are making. Is this the thing that ends up shaping content moderation for these companies?SINAN ARAL: Julie, great to see you. Thanks for having me. This is indeed an important case. It's important because the legislature can't seem to find unanimity in terms of both sides of the aisle coming together to regulate social media in one direction or another.And so here, you see some states taking actions that support the more Republican conservative view that social media companies should not be able to moderate content that they deem as being censorship of conservative voices. These are laws, in effect, in Texas and in Florida. And then in other states, you have other kinds of laws that are pushing for more content moderation.And I think what is important about this case is that it has to thread the needle about, on one side, making sure that the social media companies have the ability to not turn the internet into a cesspool with no content moderation, on one hand. But then, on the other hand, not giving them a blanket immunity from any type of government regulation or legislation. We know that AI is happening right in front of us and right around the corner in terms of legislation. A blanket immunity would also not be good.JOSH LIPTON: Sinan, I'm interested to get your take to, you know, just for traders, investors who are listening right now, Sinan. What are the possible, as you think through them, business implications if the Florida and Texas laws were indeed upheld here?SINAN ARAL: Yeah, so that's a really important question. In my mind, there are three possible outcomes of this case. Two of them are much more likely than the third, as far as I could see the questioning of the justices today. I think the justices are skeptical of these laws.I don't imagine that these two laws are going to be upheld in their entirety. I think that either they're going to be overturned or the cases are going to be remanded for further development in the lower courts. And the reason why that would happen is precisely the threading the needle that I discussed earlier, which is that the Supreme Court is likely to want to bound the impact of their decision.In other words, is this just about Facebook Blue and the newsfeed on Facebook Blue? Or is it also about Meta's WhatsApp? Is it also about other parts of the internet ecosystem like email? You saw them asking questions about exactly what are the boundaries of the scope of these laws and, therefore, their decisions about these laws.And at the end of the day, it's going to be about content moderation and how much of it is the purview of social media companies or not. It's a First Amendment case. Obviously, you also have the question of whether the government can pressure social media to censor certain types of content on their platforms.For instance, COVID misinformation. We know that we have a case in Missouri, that is the Surgeon General against Missouri, that is about whether or not the administration can pressure around COVID-19 misinformation content moderation policies. And so, I believe either these cases are going to be overturned or it's going to be remanded for further development in the lower courts.And in that case, in either of those two cases, not much is going to change with the social media companies in the short term. To the extent that being remanded and coming back with a different scope creates meaningful, substantive changes in content moderation, then it could have impacts on business policy. But for the moment, I think it's a wait and see for business policy.JULIE HYMAN: Well, and there is a looming event here in the US that this would be quite pertinent to, the presidential election. But it sounds like you think nothing's going to be resolved before that.SINAN ARAL: I think it's not going to be resolved in June or July. To the extent that there's going to be a quick development in the lower courts and a comeback, maybe. To the extent that the laws are overturned, then it's status quo, meaning the social media companies will continue to moderate content based on their editorial discretion and their choices.And that doesn't mean just banning users or banning posts. It means also demoting posts or reducing the amount that they spread on the platforms. That, by the way, is the status quo. So to the extent that that's what we have today, then I could imagine that that remains in effect or that it gets remanded and re-scoped to understand, is this about email?Is this about private messaging? To what extent should different types of decisions be allowable or not allowable? These are really, really important questions, and I don't expect the Supreme Court to make a hasty decision.If there is a decision, I believe it will be to overturn these laws and maintain the status quo and try to maintain some consistency across state laws. But I think it's equally likely that the cases will be remanded to the lower courts for further development.JOSH LIPTON: Big, complex questions and issues. Sinan, thanks as always for helping us walk through them. Appreciate it.SINAN ARAL: Thank you.

Yahoo Finance Video

Supreme Court 'skeptical' of social media laws, professor says

https://finance.yahoo.com/video/supreme-court-skeptical-social-media-223721278.html

e043809f-056f-3ffb-ac84-205a5d519878

GOOG

(Adds Meta's comment in paragraph 13)By David LjunggrenOTTAWA, Feb 26 (Reuters) - Canada on Monday unveiled draft legislation to combat online hate that would force major companies to quickly remove harmful content and boost the penalty for inciting genocide to life in prison.The Liberal government of Prime Minister Justin Trudeau introduced the bill with the stated aim of protecting children from online predators.The bill says major social media companies must quickly remove content that sexually victimizes a child as well as intimate content communicated without consent. In both cases, the content would have to be removed within 24 hours, subject to an oversight and review process.A company found guilty of contravening the law could be fined a maximum of 6% of its gross global revenues, government officials said during a technical briefing."There must be consequences for those who violate the rules online ... bad actors target our most vulnerable - our children. They spread vile hate and encourage impressionable people to commit violence," Justice Minister Arif Virani told reporters.Content providers would have to introduce special protections for children, including parental controls, safe search settings and content warning labels.The bill covers social media, user-uploaded adult content and live-streaming services but not private and encrypted messaging services.The bill would also sharply raise the penalties for those found guilty of advocating or promoting genocide. The proposed maximum sentence would be life in prison, up from the five years at present.Whether all the provisions make it through to the final version is unclear. The bill must be studied by a parliamentary committee and then the upper Senate chamber, both of which can demand changes.Other nations are moving to shield children from danger on the internet. Last October, Britain's new Online Safety Law set tougher standards for social media platforms.Story continuesCanadian government ties with major internet companies are strained over Ottawa's demand that they pay Canadian news publishers for their content.Alphabet's Google agreed last November to pay C$100 million ($74.05 million) annually to publishers while Meta decided to block news on Facebook and Instagram in Canada.A Meta spokesperson said the company looks forward to collaborating with lawmakers and industry peers "on our long-standing priority to keep Canadians safe."A spokeswoman for Google said the company was unlikely to respond on Monday.($1 = 1.3505 Canadian dollars)(Reporting by David Ljunggren; Editing by Andrea Ricci, Sandra Maler and Richard Chang)

Reuters

UPDATE 2-Draft Canada law would force social media companies to quickly remove harmful content

https://finance.yahoo.com/news/1-draft-canada-law-force-230320984.html

dcd8b034-b45b-3f01-8139-87e0adcbd176

GOOG

Five of the Magnificent Seven tech stock components saw stock declines in last week's trading. Yahoo Finance's Jared Blikre eyes several of the group's biggest laggards, highlighting EV maker Tesla's (TSLA) year-to-date losses.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]BRAD SMITH: Five of the seven Magnificent Seven stocks suffered declines last week with Tesla faring the worst, off about 13.5%. And despite the Mag Seven accounting for around 50% of S&P 500 gains this year, three of its members are lagging behind. Tesla, Apple, and Alphabet are all in the red year to date.And once again, you see Tesla leading losses. Yahoo Finance's Jared Blikre, he's over at the big board with more. Hey, Jared.JARED BLIKRE: Such as it is, sometimes we group these stocks together arbitrarily. They might be doing something similar for a limited period of time and then they get stuck. And here we have the Magnificent Seven with huge dispersion between the contributions-- among the contributions to the S&P 500 market cap.You look at NVIDIA over there, it's up $965 billion. And then you take a look at Tesla down $231 billion. As NVIDIA's contributing 33% of the market cap gains of the S&P 500, Tesla is responsible for negative 8%.And sometimes math is just not intuitive that way. But the point is besides these four groups of stocks that are advancing, you have these other three. And to be fair, all seven of these stocks have very, very different narratives.I want to point out Tesla versus NVIDIA. So this is the first in class, this is last in class in the Mag Seven. And this what's happening year to date. You can see Tesla down about 27%, NVIDIA up about 78%.And if I show you a two-year chart, you can really see back when their fortunes diverged. Because it was off of the October lows in 2022 that we saw this big rally and we saw the Mag Seven, kind of, in lockstep. But you can see the fortunes diverging as we proceeded in the year, that was last year.Story continuesNow, I also want to show some technical analysis on Tesla over the last five years. And what I'm seeing here is just a giant trading range with a couple of forays above and below. And so here we got above the trading range here. We got below around the turn of the year one year ago.But for the most part, we are in a trading range. Until that breaks, difficult to see or difficult to get excited about Tesla going in any direction or the other. It looks like it got a little bit of time.So I do want to go to our Mag 100-- or NASDAQ 100 heat maps so I can just check out the totals here. It's been interesting. I've been watching Eli Lilly surge ahead of Tesla in terms of market cap. And here we see Tesla at $571 billion short of AVGO, that's Broadcom. That change was made last week. And now Visa, looks like Tesla heading for Visa's market cap next.

Yahoo Finance Video

Magnificent 7 laggards: Tesla stock slides considerably in 2024

https://finance.yahoo.com/video/magnificent-7-laggards-tesla-stock-151336705.html

fffe2d2d-94fc-33f5-a489-6b1af16a085a

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As the Magnificent Seven mega-cap stocks experience heightened volatility, Schwab Asset Management CEO and Chief Investment Officer Omar Aguilar joins Yahoo Finance Live to provide insight into how investors should navigate their portfolios during this period.Aguilar highlights a notable shift in the mega-cap tech sector, transitioning from being "a momentum trade to a fundamental trade" due to fading AI hype. He emphasizes that for these companies to deliver on future expectations, they will require significant capital expenditure and research and development investments. As expectations for these stocks remain elevated, "investors are questioning" whether the current levels of gains can be sustained over the long term.With the highly anticipated Consumer Price Index (CPI) data set for release Tuesday, Aguilar advises investors to "expect more volatility." However, he suggests that investors should view this volatility as an opportunity to rebalance their portfolios and strategically position themselves for evolving market conditions.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 Angel SmithVideo TranscriptJULIE HYMAN: Meta isn't the only megacap seeing some losses. For more on the recent struggles from the Magnificent Seven, and where investors should look to turn to outside of big tech. We want to welcome in Omar Aguilar, Schwab Asset Management CEO, and CIO.Omar, thank you so much for being here. So as we see, what looks like a faltering perhaps of the Mag Seven, as well as a broadening of rallies elsewhere in the market, where do you think investors should be looking? Is it either, or is it both, how do you think about it?OMAR AGUILAR: Well, that's a great question and very timely I think as you were discussing this earlier. The momentum trade has started worldwide when everybody was talking about AI over a year ago. I think that momentum trade started to just be as just a function of excitement, just a function of-- investors getting really excited about the potential.Story continuesI think as we go in through this year, this has actually shifted from just being just a momentum trade to be a fundamental trade. And if you actually think so earnings, despite the valuation numbers for these Magnificent Seven, has been significantly better than the rest of the market. So they have outperformed over EPS year-over-year growth of 60%. Whereas the rest of the market has actually been on a decline of EPS growth.So when you actually put that together with the fact that they also have had very consistent free cash flow yields, you know, that actually provides a lot of the support. Now, that's the past. The future, basically, expectations required a lot of the discussion that you just had, which is a significant amount of ramp up of CapEx and R&D in order for them to support what the market expects they will deliver in the future.- Omar, is it that the next shoe to drop here? That once these companies report in coming weeks, there's no possible way they can meet up to the expectations that have been priced into their stocks. So that's what investors are doing today selling these positions.OMAR AGUILAR: Well, I think the investors are looking at the relative valuations. They're basically looking at it. It looks a little bit higher now compared to any other big runs in markets.They're still not at the level of what we saw in the late '90s or even in the energy boom that we had afterwards. So still in that context, you know, it's really more about the function of the expectations.Over the next five years is that they will deliver 30% top line growth and 17% on EPS growth, which is very hard to sustain. So investors are questioning whether or not that's actually sustainable. And there are a couple of those seven that are in the process of ramping up that R&D, and that CapEx. That obviously may have a better future going forward.JULIE HYMAN: Omar, I want to ask about CPI tomorrow, right? Because it has seemed in recent weeks that the focus has shifted a little bit away from the Fed, and to earnings, and to the AI theme. Does CPI tomorrow shift the focus back, or does it just depend on what the number shows?OMAR AGUILAR: I think, in general, we should expect more volatility. I think once we got past the earnings season, you know, I think the question becomes the CPI reading is really just going to ask, or give us a little more information of what the reaction function by the Fed might be. And it's really just about the timing where they may actually come up with the first rate cut.And I think investors will continue to look at opportunities to take that volatility, whether it's valuation-driven, or whether it's related to macro to be able to rebalance their portfolio and strategically positioned for the next six months on an environment that will have lower interest rates on the short part of the curve.- If one is worried about the AI trade fizzling out, Omar, what is the best sector they should be looking at right now and make your case?OMAR AGUILAR: Yeah, I think what we have encouraged our clients to do is to-- if you think about the economic cycle as we are today, even with the CPI numbers tomorrow, we have all signed that this is the last phase of the cycle. What that means is that soft landing scenario that the Fed has talked to us is basically now being a reality.And what that means is that the cyclical trade going into the next phase is probably areas that will basically provide good opportunities. And that includes materials, that includes energy, that includes areas that are a little bit more prone to lower interest rates, or at least a shape of the yield curve that is more normal like financials.So I think we're encouraged clients to start looking at that. And we have seen already small caps are incredibly attractive, and the rest of the market outside of just the large mega caps will probably do well.

Yahoo Finance Video

AI trade is now strictly 'fundamental': Strategist

https://finance.yahoo.com/video/ai-trade-now-strictly-fundamental-211449801.html

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GOOGL

The US Supreme Court will hear arguments over laws regarding social media. This stems from concerns over state laws enacted by Florida and Texas that would stop social media platforms from supposedly suppressing certain political content. The ruling may have major implications for how state governments may regulate how social media platforms moderate their content.Sinan Aral, Author of The Hype Machine and Professor at MIT Sloan Management, joins Yahoo Finance to discuss the social media case before the Supreme Court, how it may play out, and the implications of its potential rulings.When asked how the Supreme Court may lean, Aral says: "I think the justices are skeptical of these laws. I don't imagine that these two laws are going to be upheld in their entirety. I think that either they're going to be overturned or the cases are going to be remanded for further development in the lower courts. And the reason why that would happen is precisely the threading the needle that I discussed earlier, which is that the Supreme Court is likely to want to bound the impact of their decision... You saw them asking questions about exactly what are the boundaries of the scope of these laws and therefore their decisions about these laws. At the end of the day, it's going to be about content moderation and how much of it is the purview of social media companies or not."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 Nicholas JacobinoVideo TranscriptJULIE HYMAN: All right. Today the Supreme Court is hearing arguments that could shape the future of social media. At the center, two laws that seek to limit how social media companies moderate content on their sites. The state laws say companies cannot remove users or posts from platforms.The companies have argued it's their First Amendment right to do so. With more, we're joined by Sinan Aral, the David Austin professor of management, IT, marketing, and data science at MIT. Sinan, it's good to see you. Thanks for joining us here.Story continuesThere have been so many attempts to try to figure out how to regulate this. So it's interesting these cases and where they're coming from and the allegations that they are making. Is this the thing that ends up shaping content moderation for these companies?SINAN ARAL: Julie, great to see you. Thanks for having me. This is indeed an important case. It's important because the legislature can't seem to find unanimity in terms of both sides of the aisle coming together to regulate social media in one direction or another.And so here, you see some states taking actions that support the more Republican conservative view that social media companies should not be able to moderate content that they deem as being censorship of conservative voices. These are laws, in effect, in Texas and in Florida. And then in other states, you have other kinds of laws that are pushing for more content moderation.And I think what is important about this case is that it has to thread the needle about, on one side, making sure that the social media companies have the ability to not turn the internet into a cesspool with no content moderation, on one hand. But then, on the other hand, not giving them a blanket immunity from any type of government regulation or legislation. We know that AI is happening right in front of us and right around the corner in terms of legislation. A blanket immunity would also not be good.JOSH LIPTON: Sinan, I'm interested to get your take to, you know, just for traders, investors who are listening right now, Sinan. What are the possible, as you think through them, business implications if the Florida and Texas laws were indeed upheld here?SINAN ARAL: Yeah, so that's a really important question. In my mind, there are three possible outcomes of this case. Two of them are much more likely than the third, as far as I could see the questioning of the justices today. I think the justices are skeptical of these laws.I don't imagine that these two laws are going to be upheld in their entirety. I think that either they're going to be overturned or the cases are going to be remanded for further development in the lower courts. And the reason why that would happen is precisely the threading the needle that I discussed earlier, which is that the Supreme Court is likely to want to bound the impact of their decision.In other words, is this just about Facebook Blue and the newsfeed on Facebook Blue? Or is it also about Meta's WhatsApp? Is it also about other parts of the internet ecosystem like email? You saw them asking questions about exactly what are the boundaries of the scope of these laws and, therefore, their decisions about these laws.And at the end of the day, it's going to be about content moderation and how much of it is the purview of social media companies or not. It's a First Amendment case. Obviously, you also have the question of whether the government can pressure social media to censor certain types of content on their platforms.For instance, COVID misinformation. We know that we have a case in Missouri, that is the Surgeon General against Missouri, that is about whether or not the administration can pressure around COVID-19 misinformation content moderation policies. And so, I believe either these cases are going to be overturned or it's going to be remanded for further development in the lower courts.And in that case, in either of those two cases, not much is going to change with the social media companies in the short term. To the extent that being remanded and coming back with a different scope creates meaningful, substantive changes in content moderation, then it could have impacts on business policy. But for the moment, I think it's a wait and see for business policy.JULIE HYMAN: Well, and there is a looming event here in the US that this would be quite pertinent to, the presidential election. But it sounds like you think nothing's going to be resolved before that.SINAN ARAL: I think it's not going to be resolved in June or July. To the extent that there's going to be a quick development in the lower courts and a comeback, maybe. To the extent that the laws are overturned, then it's status quo, meaning the social media companies will continue to moderate content based on their editorial discretion and their choices.And that doesn't mean just banning users or banning posts. It means also demoting posts or reducing the amount that they spread on the platforms. That, by the way, is the status quo. So to the extent that that's what we have today, then I could imagine that that remains in effect or that it gets remanded and re-scoped to understand, is this about email?Is this about private messaging? To what extent should different types of decisions be allowable or not allowable? These are really, really important questions, and I don't expect the Supreme Court to make a hasty decision.If there is a decision, I believe it will be to overturn these laws and maintain the status quo and try to maintain some consistency across state laws. But I think it's equally likely that the cases will be remanded to the lower courts for further development.JOSH LIPTON: Big, complex questions and issues. Sinan, thanks as always for helping us walk through them. Appreciate it.SINAN ARAL: Thank you.

Yahoo Finance Video

Supreme Court 'skeptical' of social media laws, professor says

https://finance.yahoo.com/video/supreme-court-skeptical-social-media-223721278.html

e043809f-056f-3ffb-ac84-205a5d519878

GOOGL

(Adds Meta's comment in paragraph 13)By David LjunggrenOTTAWA, Feb 26 (Reuters) - Canada on Monday unveiled draft legislation to combat online hate that would force major companies to quickly remove harmful content and boost the penalty for inciting genocide to life in prison.The Liberal government of Prime Minister Justin Trudeau introduced the bill with the stated aim of protecting children from online predators.The bill says major social media companies must quickly remove content that sexually victimizes a child as well as intimate content communicated without consent. In both cases, the content would have to be removed within 24 hours, subject to an oversight and review process.A company found guilty of contravening the law could be fined a maximum of 6% of its gross global revenues, government officials said during a technical briefing."There must be consequences for those who violate the rules online ... bad actors target our most vulnerable - our children. They spread vile hate and encourage impressionable people to commit violence," Justice Minister Arif Virani told reporters.Content providers would have to introduce special protections for children, including parental controls, safe search settings and content warning labels.The bill covers social media, user-uploaded adult content and live-streaming services but not private and encrypted messaging services.The bill would also sharply raise the penalties for those found guilty of advocating or promoting genocide. The proposed maximum sentence would be life in prison, up from the five years at present.Whether all the provisions make it through to the final version is unclear. The bill must be studied by a parliamentary committee and then the upper Senate chamber, both of which can demand changes.Other nations are moving to shield children from danger on the internet. Last October, Britain's new Online Safety Law set tougher standards for social media platforms.Story continuesCanadian government ties with major internet companies are strained over Ottawa's demand that they pay Canadian news publishers for their content.Alphabet's Google agreed last November to pay C$100 million ($74.05 million) annually to publishers while Meta decided to block news on Facebook and Instagram in Canada.A Meta spokesperson said the company looks forward to collaborating with lawmakers and industry peers "on our long-standing priority to keep Canadians safe."A spokeswoman for Google said the company was unlikely to respond on Monday.($1 = 1.3505 Canadian dollars)(Reporting by David Ljunggren; Editing by Andrea Ricci, Sandra Maler and Richard Chang)

Reuters

UPDATE 2-Draft Canada law would force social media companies to quickly remove harmful content

https://finance.yahoo.com/news/1-draft-canada-law-force-230320984.html

dcd8b034-b45b-3f01-8139-87e0adcbd176

GOOGL

Tech billionaires aren’t the only ones fighting for control of AI. The US and China are too.The two world superpowers are competing with each other for everything from the intellectual know-how to design AI hardware and software to the raw materials that power artificial intelligence systems. Both are also using government subsidies to spur new advancements.Where the US holds a commanding lead at the moment is the development of generative AI systems such as large language models (LLMs), according to Frank Long with Goldman Sachs' (GS) Office of Applied Innovation. These models hoover up existing data and use it as the basis for chatbots like Open AI's ChatGPT.Another advantage for the US is that it can place export restrictions on high-performance semiconductors designed by companies like Nvidia (NVDA) that are in intense demand across the AI world. That, for now, is keeping the development of the most sophisticated LLMs out of China’s reach, Long said.Nvidia is now one of the world's most valuable companies due to soaring demand for AI computing power. (Jeff Chiu/AP Photo, File) (ASSOCIATED PRESS)China, however, is countering with its own maneuvers. It is restricting the export of chipmaking metals gallium and germanium to the US while also reportedly amassing a new $27 billion chip fund to back its own major projects.The fierce competition for AI talent between the two countries turned up a notch this past week when the US Justice Department unsealed an indictment charging a Chinese national and former Google (GOOG, GOOGL) AI software developer with stealing 500 files of confidential code that the tech giant uses for its supercomputing data centers to train LLMs.The government alleged that after stealing the intellectual property, the defendant began simultaneously working for rival companies in China.The charges “are the latest illustration of the lengths affiliates of companies based in the People’s Republic of China are willing to go to steal American innovation,” FBI director Christopher Wray said in a statement.'Horse race'The fight for global supremacy of AI was a hot topic of discussion earlier this month at the Web Summit’s annual technology conference in Doha, Qatar, an event that attracted investors and tech executives from around the world.Story continuesAI leaders from the public and private sectors acknowledged that the US and China currently have the edge. The countries currently rank No. 1 and No. 2 in Tortoise Media's Global AI Index, which measures nations based on AI investment, innovation, and implementation.But the leaders also said at the summit that it's too soon to know which countries, over time, will leverage the technology to the greatest economic and societal advantage. Singapore, for example, is now No. 3 in Tortoise's index after moving up rapidly in recent years.Singapore is climbing the ranks of AI powers. (Photo by Roslan RAHMAN / AFP) (ROSLAN RAHMAN via Getty Images)"I think it's not going to be as straightforward of a horse race — this person or that person, this country or that country," Long said. "It's going to be a full stack with participants in competition" for the energy, computing power, data, and models needed for AI systems.Long and his team at Goldman said in a recent white paper they suspect certain geopolitical “swing states” — like the United Kingdom, the United Arab Emirates (UAE), Israel, Japan, the Netherlands, and South Korea — may be best positioned to tap the technology and form AI alliances.Other Asian countries beyond China already have several advantages. Taiwan is home to a cutting-edge semiconductor manufacturer, Taiwan Semiconductor Manufacturing Company (TSM), which produces 90% of the world’s most advanced semiconductors and 68% of semiconductors worldwide.Engineers work in a cleanroom at the Taiwan Semiconductor Research Institute in Hsinchu, Taiwan. (Ann Wang/REUTERS) (REUTERS / Reuters)Japan and South Korea are also home to leading semiconductor manufacturing and design firms, and they are setting aside more government funds to drive AI advancement.Japan allocated $13 billion to the technology in its 2023 budget, up from $8.6 billion in 2022, while South Korea committed $470 billion over the next 23 years to create the world’s largest semiconductor manufacturing hub.Other potential AI hubs could emerge in Europe and the Middle East. The Netherlands — home to ASML (ASML) — is already the world’s sole manufacturer of ultraviolet lithography machines, which are required to fabricate leading-edge semiconductors.An employee in a laboratory at ASML, a Dutch company that is currently the largest supplier in the world of semiconductor manufacturing machines via photolithography systems. (EMMANUEL DUNAND / AFP via Getty Images) (EMMANUEL DUNAND via Getty Images)The UAE has a $10 billion fund to invest in late-state technologies, while Israel has also attracted billions in private AI investments.Global power will shift towards nations that produce versus solely consume AI technology, according to Alaa Abdulaal, head of digital foresight for the Riyadh-based multilateral foundation Digital Cooperation Organization (DCO). The group's mission is to recommend government policies that promote access to technology."It cannot be only done by government itself," Abdulaal said. "It needs to take a cooperative approach, where we have at the same table the private sector, public sector, civil society — all of them sitting together to come up with the right set of frameworks for AI."'Getting much closer'Today, most countries have adopted, at minimum, a national strategy to develop and protect against the potential risks of AI. And some have cleared the way for regulations, though none have been tested against market forces.In March, the EU is expected to adopt new legal restraints around AI. Earlier this year, the bloc's member states signaled their agreement with the AI Act, the world’s first comprehensive legislation to regulate the technology.Federal laws specific to AI don’t exist yet in the US or UK, and it’s unknown whether that will happen.In October, President Biden issued an executive order to encourage safe AI development, including privacy protections. More than a dozen US states have adopted multiple AI-related laws.President Joe Biden speaks about government regulations on artificial intelligence systems during an event in the East Room of the White House last year. (Evan Vucci/AP Photo, File) (ASSOCIATED PRESS)The UK, for its part, rolled out a “National AI Strategy” in 2022 and committed roughly $4 billion in chip development subsidies. The nation has also attracted the third-largest level of private investment in AI, behind the US and China.State subsidies and export bans may not hold sway forever as nations compete, said Jihad Tayara, CEO of Evoteq, a Dubai-based company that facilitates public-private collaborations to build AI into public infrastructure."It's getting much closer," Tayara said of the digital divide, noting that most nations have access to high-speed 5G data capabilities.And human capital, along with access to open-source models, will matter too."Today we're seeing open-source models emerging that are in many use cases equivalent in capability to the absolute most frontier models," Long said.Nations that prepare their workforces to develop and implement AI models will gain a considerable edge, Abdulaal said."This opportunity cannot be seen unless we have the right people in place."Alexis Keenan is a legal reporter for Yahoo Finance. Follow Alexis on Twitter @alexiskweed.Click here for political news related to business and money policies that will shape tomorrow's stock prices.Read the latest financial and business news from Yahoo Finance

Yahoo Finance

The AI arms race between the US and China is heating up

https://finance.yahoo.com/news/the-ai-arms-race-between-the-us-and-china-is-heating-up-160000539.html

1514afb5-beef-43ef-bcfb-16994a02d24f

GOOGL

Five of the Magnificent Seven tech stock components saw stock declines in last week's trading. Yahoo Finance's Jared Blikre eyes several of the group's biggest laggards, highlighting EV maker Tesla's (TSLA) year-to-date losses.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]BRAD SMITH: Five of the seven Magnificent Seven stocks suffered declines last week with Tesla faring the worst, off about 13.5%. And despite the Mag Seven accounting for around 50% of S&P 500 gains this year, three of its members are lagging behind. Tesla, Apple, and Alphabet are all in the red year to date.And once again, you see Tesla leading losses. Yahoo Finance's Jared Blikre, he's over at the big board with more. Hey, Jared.JARED BLIKRE: Such as it is, sometimes we group these stocks together arbitrarily. They might be doing something similar for a limited period of time and then they get stuck. And here we have the Magnificent Seven with huge dispersion between the contributions-- among the contributions to the S&P 500 market cap.You look at NVIDIA over there, it's up $965 billion. And then you take a look at Tesla down $231 billion. As NVIDIA's contributing 33% of the market cap gains of the S&P 500, Tesla is responsible for negative 8%.And sometimes math is just not intuitive that way. But the point is besides these four groups of stocks that are advancing, you have these other three. And to be fair, all seven of these stocks have very, very different narratives.I want to point out Tesla versus NVIDIA. So this is the first in class, this is last in class in the Mag Seven. And this what's happening year to date. You can see Tesla down about 27%, NVIDIA up about 78%.And if I show you a two-year chart, you can really see back when their fortunes diverged. Because it was off of the October lows in 2022 that we saw this big rally and we saw the Mag Seven, kind of, in lockstep. But you can see the fortunes diverging as we proceeded in the year, that was last year.Story continuesNow, I also want to show some technical analysis on Tesla over the last five years. And what I'm seeing here is just a giant trading range with a couple of forays above and below. And so here we got above the trading range here. We got below around the turn of the year one year ago.But for the most part, we are in a trading range. Until that breaks, difficult to see or difficult to get excited about Tesla going in any direction or the other. It looks like it got a little bit of time.So I do want to go to our Mag 100-- or NASDAQ 100 heat maps so I can just check out the totals here. It's been interesting. I've been watching Eli Lilly surge ahead of Tesla in terms of market cap. And here we see Tesla at $571 billion short of AVGO, that's Broadcom. That change was made last week. And now Visa, looks like Tesla heading for Visa's market cap next.

Yahoo Finance Video

Magnificent 7 laggards: Tesla stock slides considerably in 2024

https://finance.yahoo.com/video/magnificent-7-laggards-tesla-stock-151336705.html

fffe2d2d-94fc-33f5-a489-6b1af16a085a

GOOGL

As the Magnificent Seven mega-cap stocks experience heightened volatility, Schwab Asset Management CEO and Chief Investment Officer Omar Aguilar joins Yahoo Finance Live to provide insight into how investors should navigate their portfolios during this period.Aguilar highlights a notable shift in the mega-cap tech sector, transitioning from being "a momentum trade to a fundamental trade" due to fading AI hype. He emphasizes that for these companies to deliver on future expectations, they will require significant capital expenditure and research and development investments. As expectations for these stocks remain elevated, "investors are questioning" whether the current levels of gains can be sustained over the long term.With the highly anticipated Consumer Price Index (CPI) data set for release Tuesday, Aguilar advises investors to "expect more volatility." However, he suggests that investors should view this volatility as an opportunity to rebalance their portfolios and strategically position themselves for evolving market conditions.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 Angel SmithVideo TranscriptJULIE HYMAN: Meta isn't the only megacap seeing some losses. For more on the recent struggles from the Magnificent Seven, and where investors should look to turn to outside of big tech. We want to welcome in Omar Aguilar, Schwab Asset Management CEO, and CIO.Omar, thank you so much for being here. So as we see, what looks like a faltering perhaps of the Mag Seven, as well as a broadening of rallies elsewhere in the market, where do you think investors should be looking? Is it either, or is it both, how do you think about it?OMAR AGUILAR: Well, that's a great question and very timely I think as you were discussing this earlier. The momentum trade has started worldwide when everybody was talking about AI over a year ago. I think that momentum trade started to just be as just a function of excitement, just a function of-- investors getting really excited about the potential.Story continuesI think as we go in through this year, this has actually shifted from just being just a momentum trade to be a fundamental trade. And if you actually think so earnings, despite the valuation numbers for these Magnificent Seven, has been significantly better than the rest of the market. So they have outperformed over EPS year-over-year growth of 60%. Whereas the rest of the market has actually been on a decline of EPS growth.So when you actually put that together with the fact that they also have had very consistent free cash flow yields, you know, that actually provides a lot of the support. Now, that's the past. The future, basically, expectations required a lot of the discussion that you just had, which is a significant amount of ramp up of CapEx and R&D in order for them to support what the market expects they will deliver in the future.- Omar, is it that the next shoe to drop here? That once these companies report in coming weeks, there's no possible way they can meet up to the expectations that have been priced into their stocks. So that's what investors are doing today selling these positions.OMAR AGUILAR: Well, I think the investors are looking at the relative valuations. They're basically looking at it. It looks a little bit higher now compared to any other big runs in markets.They're still not at the level of what we saw in the late '90s or even in the energy boom that we had afterwards. So still in that context, you know, it's really more about the function of the expectations.Over the next five years is that they will deliver 30% top line growth and 17% on EPS growth, which is very hard to sustain. So investors are questioning whether or not that's actually sustainable. And there are a couple of those seven that are in the process of ramping up that R&D, and that CapEx. That obviously may have a better future going forward.JULIE HYMAN: Omar, I want to ask about CPI tomorrow, right? Because it has seemed in recent weeks that the focus has shifted a little bit away from the Fed, and to earnings, and to the AI theme. Does CPI tomorrow shift the focus back, or does it just depend on what the number shows?OMAR AGUILAR: I think, in general, we should expect more volatility. I think once we got past the earnings season, you know, I think the question becomes the CPI reading is really just going to ask, or give us a little more information of what the reaction function by the Fed might be. And it's really just about the timing where they may actually come up with the first rate cut.And I think investors will continue to look at opportunities to take that volatility, whether it's valuation-driven, or whether it's related to macro to be able to rebalance their portfolio and strategically positioned for the next six months on an environment that will have lower interest rates on the short part of the curve.- If one is worried about the AI trade fizzling out, Omar, what is the best sector they should be looking at right now and make your case?OMAR AGUILAR: Yeah, I think what we have encouraged our clients to do is to-- if you think about the economic cycle as we are today, even with the CPI numbers tomorrow, we have all signed that this is the last phase of the cycle. What that means is that soft landing scenario that the Fed has talked to us is basically now being a reality.And what that means is that the cyclical trade going into the next phase is probably areas that will basically provide good opportunities. And that includes materials, that includes energy, that includes areas that are a little bit more prone to lower interest rates, or at least a shape of the yield curve that is more normal like financials.So I think we're encouraged clients to start looking at that. And we have seen already small caps are incredibly attractive, and the rest of the market outside of just the large mega caps will probably do well.

Yahoo Finance Video

AI trade is now strictly 'fundamental': Strategist

https://finance.yahoo.com/video/ai-trade-now-strictly-fundamental-211449801.html

4d5c8ec3-78ef-3fd7-9b08-8d90ee864eb3

GPC

Readers hoping to buy Genuine Parts Company (NYSE:GPC) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. Typically, the ex-dividend date is one business day before the record date which is the date on which a company determines the shareholders eligible to receive a dividend. The ex-dividend date is of consequence because whenever a stock is bought or sold, the trade takes at least two business day to settle. Thus, you can purchase Genuine Parts' shares before the 29th of February in order to receive the dividend, which the company will pay on the 1st of April.The company's next dividend payment will be US$1.00 per share, and in the last 12 months, the company paid a total of US$4.00 per share. Based on the last year's worth of payments, Genuine Parts stock has a trailing yield of around 2.7% on the current share price of US$147.88. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. That's why we should always check whether the dividend payments appear sustainable, and if the company is growing. Check out our latest analysis for Genuine Parts Dividends are usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut. That's why it's good to see Genuine Parts paying out a modest 41% of its earnings. Yet cash flows are even more important than profits for assessing a dividend, so we need to see if the company generated enough cash to pay its distribution. Dividends consumed 57% of the company's free cash flow last year, which is within a normal range for most dividend-paying organisations.It's encouraging to see that the dividend is covered by both profit and cash flow. This generally suggests the dividend is sustainable, as long as earnings don't drop precipitously.Click here to see the company's payout ratio, plus analyst estimates of its future dividends.Story continueshistoric-dividendHave Earnings And Dividends Been Growing?Stocks in companies that generate sustainable earnings growth often make the best dividend prospects, as it is easier to lift the dividend when earnings are rising. If earnings fall far enough, the company could be forced to cut its dividend. For this reason, we're glad to see Genuine Parts's earnings per share have risen 13% per annum over the last five years. Genuine Parts is paying out a bit over half its earnings, which suggests the company is striking a balance between reinvesting in growth, and paying dividends. This is a reasonable combination that could hint at some further dividend increases in the future.Many investors will assess a company's dividend performance by evaluating how much the dividend payments have changed over time. Since the start of our data, 10 years ago, Genuine Parts has lifted its dividend by approximately 6.4% a year on average. We're glad to see dividends rising alongside earnings over a number of years, which may be a sign the company intends to share the growth with shareholders.The Bottom LineFrom a dividend perspective, should investors buy or avoid Genuine Parts? Earnings per share have grown at a nice rate in recent times and over the last year, Genuine Parts paid out less than half its earnings and a bit over half its free cash flow. Overall we think this is an attractive combination and worthy of further research.With that in mind, a critical part of thorough stock research is being aware of any risks that stock currently faces. Every company has risks, and we've spotted 1 warning sign for Genuine Parts you should know about.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.

Be Sure To Check Out Genuine Parts Company (NYSE:GPC) Before It Goes Ex-Dividend

https://finance.yahoo.com/news/sure-check-genuine-parts-company-122302414.html

ef7d2c52-ff25-3e8c-b0e5-a932d8fe2874

GPC

In this article, we discuss 13 best consumer cyclical dividend stocks to invest in. You can skip our detailed analysis of the consumer cyclical sector and its performance over the years, and go directly to read 5 Best Consumer Cyclical Dividend Stocks To Invest In. Consumer cyclical companies produce goods and services that are considered non-essential or discretionary, meaning consumers are more likely to purchase them when they have extra income or feel confident about their financial situation. Consumer cyclical stocks include companies in sectors such as retail, automotive, travel and leisure, entertainment, and luxury goods.Over the past year, we've seen clear evidence that consumers have remained strong despite challenges like high inflation, increasing interest rates, and greater recession concerns. This resilience notably buoyed the performance of stocks within the consumer discretionary sector, which includes businesses offering non-essential products and services such as apparel, automobiles, and accommodations. The S&P 500 Consumer Discretionary Index ended 2023 with a total return of 42.41%, reporting one of its best years on record. In addition to the support from a strong consumer base, the stocks in this sector also gained from broader market trends that propelled the overall stock market higher in 2023. These trends included relief as the Federal Reserve signaled the potential end of its rate-hiking cycle as the year progressed. Furthermore, sector-level performance was boosted by specific issues affecting some of the largest companies within it. Amazon.com, Inc. (NASDAQ:AMZN) and Tesla, Inc. (NASDAQ:TSLA), the two largest companies in the sector by a significant margin, have both seen remarkable gains in the past year, driven by the surge in mega-cap, tech-related stocks. Additionally, both companies are considered potential investment opportunities in the field of artificial intelligence.After experiencing robust performance in 2023, analysts are also showing a preference for the sector in the current year. Rob Haworth, senior investment strategy director at U.S. Bank Wealth Management, stated that consumers' willingness to sustain moderate spending growth has been crucial for the economy. He suggested that this could be attributed, at least in part, to the robust labor market and notable wage increases. Based on a Fidelity report, the performance of sectors is expected to be influenced by broader economic factors in 2024. If inflation remains low and the Federal Reserve stops raising interest rates, it could be advantageous for the sector, as consumers may be more inclined to buy expensive items like cars or homes. An even more positive scenario would be if the economy avoids a recession and job markets stay robust, which would particularly benefit this sector.Story continuesThe report highlighted that following the sector's strong performance in 2023, stock valuations are not as low as they were previously. However, there are still segments of the market where the firm has identified robust long-term growth prospects, and where stocks are trading at attractive prices. One ongoing area of opportunity includes certain retailers. These companies possess defensive characteristics within their business models, offering some protection in case of a deteriorating economic outlook.Another factor contributing to the positive outlook for the sector is that certain companies within it opt to distribute dividends when they maintain a steady cash flow and have a track record of sharing profits with shareholders. Apple Inc. (NASDAQ:AAPL), The Home Depot, Inc. (NYSE:HD), and NIKE, Inc. (NYSE:NKE) are some of the best consumer cyclical dividend stocks among others that are discussed below.Best Consumer Cyclical Dividend StocksImage by Steve Buissinne from PixabayOur Methodology:For this list, we scanned Insider Monkey’s database of Q4 2023 and selected consumer cyclical dividend stocks from the entertainment, technology, retail, housing, materials, and automotive industries. These companies are strong dividend payers and have decent yields. The stocks are ranked in ascending order of hedge funds having stakes in them. 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).13. Foot Locker, Inc. (NYSE:FL)Number of Hedge Fund Holders: 24Foot Locker, Inc. (NYSE:FL) is a retail company primarily focused on athletic footwear and apparel. It operates thousands of retail stores globally, selling a wide range of athletic shoes, clothing, and accessories from various brands. The company currently pays a quarterly dividend of $0.40 per share and has a dividend yield of 4.92%, as of February 21. It is among the best dividend stocks from the consumer cyclical sector.At the end of Q4 2023, 24 hedge funds tracked by Insider Monkey reported having stakes in Foot Locker, Inc. (NYSE:FL), up from 23 in the previous quarter. The consolidated value of these stakes is roughly $764 million. Among these hedge funds, Vesa Equity Investment was the company's leading stakeholder in Q4.12. Leggett & Platt, Incorporated (NYSE:LEG)Number of Hedge Fund Holders: 24Leggett & Platt, Incorporated (NYSE:LEG) is a diversified manufacturer that produces a wide range of engineered components and products for various industries. The company currently pays a quarterly dividend of $0.46 per share and has a dividend yield of 8.99%, as of February 21. In 2023, it stretched its dividend growth streak to 52 years, which makes LEG one of the best dividend stocks on our list.The number of hedge funds tracked by Insider Monkey owning stakes in Leggett & Platt, Incorporated (NYSE:LEG) grew to 24 in Q4 2023, from 19 in the preceding quarter. These stakes have a collective value of over $123.6 million.11. Albemarle Corporation (NYSE:ALB)Number of Hedge Fund Holders: 27Albemarle Corporation (NYSE:ALB) is a global specialty chemicals company that develops, manufactures, and markets a wide range of products used in various industries. It is one of the best dividend stocks from the consumer cyclical sector as the company has been growing its dividends for the past 29 years. Currently, the company pays a quarterly dividend of $0.40 per share. The stock has a dividend yield of 1.39%, as of February 21.As of the close of Q4 2023, 27 hedge funds tracked by Insider Monkey reported having stakes in Albemarle Corporation (NYSE:ALB), down from 37 in the previous quarter. The total value of these stakes is more than $311 million.10. Tractor Supply Company (NASDAQ:TSCO)Number of Hedge Fund Holders: 30Tractor Supply Company (NASDAQ:TSCO) is an American retail chain that specializes in products for agriculture, livestock, pet care, and home improvement. On February 6, the company declared a 6.8% hike in its quarterly dividend to $1.10 per share. This marked the company's 15th consecutive year of dividend growth, which makes TSCO one of the best dividend stocks from the consumer cyclical sector. The stock's dividend yield on February 21 came in at 1.84%.As per Insider Monkey's database of Q4 2023, 30 hedge funds in Insider Monkey's database reported having stakes in Tractor Supply Company (NASDAQ:TSCO), up from 28 in the preceding quarter. The consolidated value of these stakes is over $545.2 million.9. Genuine Parts Company (NYSE:GPC)Number of Hedge Fund Holders: 36Genuine Parts Company (NYSE:GPC) is next on our list of the best dividend stocks from the consumer cyclical sector. The company is a leading distributor of automotive and industrial replacement parts, office products, and electrical materials. On February 15, the company declared a 5% hike in its quarterly dividend to $1.00 per share. This marked the company's 67th consecutive year of dividend growth. The stock's dividend yield on February 21 came in at 2.77%.At the end of December 2023, 36 hedge funds in Insider Monkey's database reported having stakes in Genuine Parts Company (NYSE:GPC), up from 34 in the previous quarter. The collective value of these stakes is over $535 million. With over 1 million shares, D E Shaw was the company's leading stakeholder in Q4.The London Company mentioned Albemarle Corporation (NYSE:ALB) in its Q4 2023 investor letter. Here is what the firm has to say:“Albemarle Corporation (NYSE:ALB) – ALB underperformed as weak lithium prices drove downward revisions to earnings expectations, and sentiment became more negative regarding demand for electric vehicles. Commodity prices are inherently uncertain, but we continue to view ALB-as a winner in this growing industry and favorably positioned on the cost curve. Our long- term view of ALB is not affected by short-term supply- demand dynamics for the commodity.”8. Ford Motor Company (NYSE:F)Number of Hedge Fund Holders: 40Ford Motor Company (NYSE:F) is one of the world's largest automotive manufacturers, renowned for producing automobiles, trucks, SUVs, and electric vehicles. The company currently offers a quarterly dividend of $0.15 per share. In addition to this, it also announced a supplemental dividend of $0.18 per share on February 6, which makes F one of the best dividend stocks on our list. As of February 21, the stock has a dividend yield of 4.90%.As of the end of the December quarter of 2023, 40 hedge funds tracked by Insider Monkey reported owning stakes in Ford Motor Company (NYSE:F), compared with 43 in the previous quarter. The consolidated value of these stakes is nearly $2 billion.7. Nucor Corporation (NYSE:NUE)Number of Hedge Fund Holders: 40Nucor Corporation (NYSE:NUE) is an American company that operates steel mills and manufacturing facilities across the country. The company also offers value-added services such as steel fabrication and downstream processing. On February 20, the company declared a quarterly dividend of $0.54 per share, which was in line with its previous dividend. Overall, the company has raised its dividends for 51 years in a row, which makes NUE one of the best dividend stocks from the consumer cyclical sector. The stock offers a dividend yield of 1.17%, as of February 21.Nucor Corporation (NYSE:NUE) ended the fourth quarter of 2023 with 40 hedge fund positions, up from 33 in the previous quarter, according to Insider Monkey's database. The stakes owned by these hedge funds have a consolidated value of more than $522.2 million.6. Target Corporation (NYSE:TGT)Number of Hedge Fund Holders: 58Target Corporation (NYSE:TGT) operates a chain of discount retail stores offering a wide range of products including apparel, accessories, beauty products, electronics, home goods, toys, groceries, and more. Currently, the company pays a quarterly dividend of $1.10 per share and has a dividend yield of 2.94%, as of February 21. With a dividend growth streak of 52 years under its belt, TGT is one of the best dividend stocks on our list.Target Corporation (NYSE:TGT) was a part of 58 hedge fund portfolios at the end of Q4 2023, which remained unchanged from the previous quarter, according to Insider Monkey's database. The consolidated value of stakes owned by these funds is over $1.5 billion. Click to continue reading and see 5 Best Consumer Cyclical Dividend Stocks To Invest In.  Suggested articles:13 High Growth Penny Stocks That Are Profitable19 Best Gambling Stocks to Buy Now11 Best Big Name Stocks to Buy Right NowDisclosure. None. 13 Best Consumer Cyclical Dividend Stocks To Invest In is originally published on Insider Monkey.

Insider Monkey

13 Best Consumer Cyclical Dividend Stocks To Invest In

https://finance.yahoo.com/news/13-best-consumer-cyclical-dividend-141700253.html

68660f31-ede4-3657-b1d5-9309d7f0efc7

GPC

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even companies that have no revenue, no profit, and a record of falling short, can manage to find investors. But as Peter Lynch said in One Up On Wall Street, 'Long shots almost never pay off.' Loss-making companies are always racing against time to reach financial sustainability, so investors in these companies may be taking on more risk than they should.Despite being in the age of tech-stock blue-sky investing, many investors still adopt a more traditional strategy; buying shares in profitable companies like Genuine Parts (NYSE:GPC). While this doesn't necessarily speak to whether it's undervalued, the profitability of the business is enough to warrant some appreciation - especially if its growing. View our latest analysis for Genuine Parts Genuine Parts' Improving ProfitsIn the last three years Genuine Parts' earnings per share took off; so much so that it's a bit disingenuous to use these figures to try and deduce long term estimates. As a result, we'll zoom in on growth over the last year, instead. Genuine Parts' EPS has risen over the last 12 months, growing from US$8.36 to US$9.44. This amounts to a 13% gain; a figure that shareholders will be pleased to see.Top-line growth is a great indicator that growth is sustainable, and combined with a high earnings before interest and taxation (EBIT) margin, it's a great way for a company to maintain a competitive advantage in the market. While we note Genuine Parts achieved similar EBIT margins to last year, revenue grew by a solid 4.5% to US$23b. That's a real positive.You can take a look at the company's revenue and earnings growth trend, in the chart below. To see the actual numbers, click on the chart.earnings-and-revenue-historyThe trick, as an investor, is to find companies that are going to perform well in the future, not just in the past. While crystal balls don't exist, you can check our visualization of consensus analyst forecasts for Genuine Parts' future EPS 100% free.Story continuesAre Genuine Parts Insiders Aligned With All Shareholders?It's said that there's no smoke without fire. For investors, insider buying is often the smoke that indicates which stocks could set the market alight. This view is based on the possibility that stock purchases signal bullishness on behalf of the buyer. However, small purchases are not always indicative of conviction, and insiders don't always get it right.It's good to see Genuine Parts insiders walking the walk, by spending US$628k on shares in just twelve months. When you contrast that with the complete lack of sales, it's easy for shareholders to be brimming with joyful expectancy. Zooming in, we can see that the biggest insider purchase was by Independent Director Robert Loudermilk for US$304k worth of shares, at about US$152 per share.Along with the insider buying, another encouraging sign for Genuine Parts is that insiders, as a group, have a considerable shareholding. With a whopping US$51m worth of shares as a group, insiders have plenty riding on the company's success. That's certainly enough to let shareholders know that management will be very focussed on long term growth.Is Genuine Parts Worth Keeping An Eye On?One important encouraging feature of Genuine Parts is that it is growing profits. In addition, insiders have been busy adding to their sizeable holdings in the company. These factors alone make the company an interesting prospect for your watchlist, as well as continuing research. We don't want to rain on the parade too much, but we did also find 1 warning sign for Genuine Parts that you need to be mindful of.The good news is that Genuine Parts is not the only growth stock with insider buying. Here's a list of growth-focused companies in the US with insider buying in the last three months!Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction.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.

Should You Be Adding Genuine Parts (NYSE:GPC) To Your Watchlist Today?

https://finance.yahoo.com/news/adding-genuine-parts-nyse-gpc-132418603.html

13d67d51-6d5f-38eb-b08b-913e38b0fb3b

GPC

Carillon Tower Advisers, an investment management company, released its “Carillon Eagle Growth & Income Fund” fourth quarter 2023 investor letter. A copy of the same can be downloaded here. The S&P 500 Index rose 11.7% in Q4 and 26.3% for the year. Investors became more comfortable that the U.S. Federal Reserve was done with raising interest rates, leading to a decrease of over 70 basis points in 10-year U.S. Treasury yields. The Federal Reserve’s core Personal Consumption Expenditures (PCE) Price Index has been moderating on a year-over-year basis, easing concerns about interest rates. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.Carillon Eagle Growth & Income Fund featured stocks like Genuine Parts Company (NYSE:GPC) in the Q4 2023 investor letter. Headquartered in Atlanta, Georgia, Genuine Parts Company (NYSE:GPC) is an industrial and automotive parts distributor. On March 8, 2024, Genuine Parts Company (NYSE:GPC) stock closed at $150.96 per share. One-month return of Genuine Parts Company (NYSE:GPC) was 5.43%, and its shares lost 7.38% of their value over the last 52 weeks. Genuine Parts Company (NYSE:GPC) has a market capitalization of $21.047 billion.Carillon Eagle Growth & Income Fund stated the following regarding Genuine Parts Company (NYSE:GPC) in its fourth quarter 2023 investor letter:"Genuine Parts Company (NYSE:GPC) reported a second consecutive quarter of slowing organic growth. We fear that competitive pressures are building for this company and, as a result, it could be losing market share. While structural tailwinds persist for this industry, management is already falling short of the 3-year operating targets it established earlier in 2023. As a result, we sold the stock and are re-investing the proceeds in a higher-conviction stock."A line of mechanics diagnosing a recreation vehicle engine at a repair shop.Genuine Parts Company (NYSE:GPC) is not on our list of 30 Most Popular Stocks Among Hedge Funds. At the end of the fourth quarter, Genuine Parts Company (NYSE:GPC) was held by 36 hedge fund portfolios, up from 34 in the previous quarter, according to our database.Story continuesWe discussed Genuine Parts Company (NYSE:GPC) in another article and shared the list of best consumer cyclical dividend stocks to invest in. In addition, please check out our hedge fund investor letters Q4 2023 page for more investor letters from hedge funds and other leading investors.Suggested Articles:12 Best AI ETFs To Invest In 202415 States for Couples Retiring on Just Social Security in the US20 Best US Cities to Retire with $1 Million in Retirement SavingsDisclosure: None. This article is originally published at Insider Monkey.

Insider Monkey

Should You Sell Genuine Parts Company (GPC)?

https://finance.yahoo.com/news/sell-genuine-parts-company-gpc-072829758.html

681f1173-8b1c-3af4-b0ae-7f19b275c77a

GPN

Fidelity National Information Services, Inc. FIS reported fourth-quarter 2023 adjusted earnings per share (EPS) of 94 cents, which missed the Zacks Consensus Estimate by 1.1%. The bottom line declined 4% year over year.Revenues dipped 1% year over year to $2.51 billion. The top line fell short of the consensus mark of $2.52 billion.The quarterly results were hit by softer revenue contribution from the Banking Solutions segment and a significant rise in interest expenses. Its shares declined 2% in the pre-market trading session due to the weak quarterly results. Nevertheless, higher recurring revenues aided the performance of the Capital Market Solutions business.Fidelity National Information Services, Inc. Price, Consensus and EPS Surprise Fidelity National Information Services, Inc. Price, Consensus and EPS SurpriseFidelity National Information Services, Inc. price-consensus-eps-surprise-chart | Fidelity National Information Services, Inc. QuoteQ4 PerformanceThe cost of revenues was $1.5 billion in the quarter under review, which slipped 2.2% year over year. Selling, general and administrative expenses of Fidelity National tumbled 3.8% year over year to $539 million but were higher than our estimate of $504.4 million. Net interest expenses escalated 41.1% year over year to $158 million but was lower than our estimate of $166.4 million.Adjusted earnings before interest, tax, depreciation and amortization (EBITDA) inched up 1% year over year to $1.1 billion and beat our estimate of $1 billion. Adjusted EBITDA margin of 42.1% improved 70 basis points (bps) year over year in the fourth quarter.Segmental UpdateRevenues from the Banking Solutions unit remained flat year over year at $1.69 billion, lower than the Zacks Consensus Estimate of $1.72 billion and our estimate of $1.73 billion. Improved adjusted recurring revenues, partly offset by decline in adjusted non-recurring revenues, shaped the segment’s quarterly performance. Adjusted EBITDA was $747 million in the quarter under review, which surpassed the consensus mark of $731 million and our estimate of $740.8 million. Adjusted EBITDA margin of 44.2% improved 270 bps year over year, attributable to cost efficiencies.Story continuesThe Capital Market Solutions segment recorded revenues of $755 million, which grew 2% year over year in the fourth quarter and beat the Zacks Consensus Estimate of $749 million and our estimate of $743.5 million. Adjusted EBITDA of $402 million outpaced the consensus mark of $399 million and our estimate of $401.4 million. Adjusted EBITDA margin deteriorated 250 bps year over year to 53.2% due to reduced contribution from higher margin non-recurring revenues.The Corporate and Other segment’s revenues amounted to $63 million, which plunged 32% year over year in the quarter under review. The reported figure surpassed the Zacks Consensus Estimate of $52 million and our estimate of $48 million. The business suffered due to divestitures of non-strategic businesses. Adjusted EBITDA loss was $92 million in the quarter under review, wider than the Zacks Consensus Estimate of a loss of $62 million.Financial Update (As of Dec 31, 2023)Fidelity National exited the fourth quarter with cash and cash equivalents of $440 million, which decreased 3.5% from the 2022-end level. Total assets of $55.1 billion fell 12.9% from the figure at 2022 end.Long-term debt, excluding current portion, amounted to $13 billion, down 8.7% from the figure as of Dec 31, 2022. The current portion of long-term debt totaled $1.3 billion while short-term borrowings totaled $4.8 billion.Total equity of $19.1 billion dropped 29.9% from the 2022-end figure.FIS generated net cash from operations of $1.5 billion in the fourth quarter, which climbed 33.9% year over year. Free cash flows soared 63.9% year over year to $1.1 billion.Share Repurchase & Dividend UpdateFidelity National rewarded $815 million to its shareholders to the tune of share buybacks worth $510 million and dividends of $305 million in the fourth quarter.Capital Deployment TargetsManagement aims to return a minimum of roughly $4 billion to its shareholders through share buybacks by the end of 2024, which includes $510 million repurchases conducted in the fourth quarter of 2023. FIS reiterates its aim to achieve a dividend payout ratio of 35% of adjusted net earnings, excluding equity method investment earnings (loss).Business UpdateThe agreement to divest a majority stake in the Worldpay Merchant Solutions business to private equity funds managed by GTCR was completed on Jan 31, 2024, as per the targeted timeline.From the first quarter of 2024, the 45% ownership that Fidelity National holds in the Worldpay Merchant Solutions business will be reported in the income statement under "Equity method investment earnings (loss)".Update on Enterprise Transformation ProgramFIS has achieved annualized run-rate Future Forward cash savings of more than $550 million as of Dec 31, 2023. The company reiterates its aim to achieve cash savings of $1 billion by 2024 end, out of which more than 75% belong to run-rate cash savings. It is also likely to benefit the company by bringing about a year-over-year increase of $280 million in adjusted EBITDA in 2024.1Q24 ViewManagement forecasts revenues between $2.430 billion and $2.455 billion. Adjusted EBITDA is projected to be $955-$970 million. Adjusted EPS is estimated between 94 cents and 97 cents. Adjusted EBITDA margin is projected to be 39.3-39.5%.Revenues from the Banking Solutions unit are anticipated to witness year-over-year increase of 1-2%, while it is estimated to grow in the range of 6-7% for the Capital Market Solutions business.2024 Guidance UnveiledRevenues are expected to lie within $10.10-$10.15 billion, the mid-point of which indicates an improvement of 3.1% from the 2023 figure of $9.8 billion.The Banking Solutions and Capital Market Solutions units are estimated to record year-over-year increases of 3-3.5% and 6.5-7%, respectively. Adjusted EBITDA is projected between $4.10 billion and $4.14 billion in 2024, the midpoint of which suggests 3.7% growth from the 2023 figure of $4 billion.  Adjusted EBITDA margin is anticipated within 40.6-40.8%.Adjusted EPS is forecasted to lie between $4.66 and $4.76, the mid-point of which implies a 39.8% surge from the 2023 figure of $3.37. Net interest expenses are likely to stay within $345-$350 million for 2024.Zacks RankFidelity National currently carries a Zacks Rank #3 (Hold).  You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Other Business Services Sector ReleasesOf the Business Services sector players that have already released fourth-quarter 2023 results so far, the bottom-line results of Mastercard Incorporated MA, Global Payments Inc. GPN and The Western Union Company WU beat the Zacks Consensus Estimate.Mastercard reported fourth-quarter 2023 adjusted earnings of $3.18 per share, which outpaced the Zacks Consensus Estimate by 3.3%. The bottom line climbed 20% year over year. Net revenues of the leading technology company in the global payments industry amounted to $6.5 billion, which improved 13% year over year in the quarter under review. The top line beat the consensus mark by 1.4%. Gross dollar volume rose 10% on a local-currency basis to $2.4 trillion in the fourth quarter.Cross-border volumes of MA advanced 18% on a local currency basis. Value-added services and solutions net revenues of $2.7 billion improved 19% year over year.  MA’s clients issued 3.3 billion Mastercard and Maestro-branded cards as of Dec 31, 2023. Its operating income advanced 6% year over year to $3.4 billion. Operating margin of 51.5% improved 320 bps year over year in the quarter under review.Global Payments reported fourth-quarter 2023 adjusted EPS of $2.65, which beat the Zacks Consensus Estimate of $2.63. The bottom line rose 10% year over year. Adjusted net revenues improved 8% year over year to $2.19 billion.  The top line surpassed the consensus mark of $2.18 billion. Adjusted operating income of $978.5 million advanced 8.9% year over year in the quarter under review. The adjusted operating margin improved 30 bps year over year to 44.8%. The Merchant Solutions segment recorded adjusted revenues of $1.7 billion in the fourth quarter, which rose 18.5% year over year. The unit’s adjusted operating income advanced 17% year over year to $797.3 million. Meanwhile, GPN’s Issuer Solutions segment reported adjusted revenues of $530.6 million, which grew 5.8% year over year.Western Union reported fourth-quarter 2023 adjusted EPS of 37 cents, which beat the Zacks Consensus Estimate by 2.8%. The bottom line rose 15.6% year over year. Total revenues declined 3.7% year over year on a reported basis or grew 3% on a constant-currency basis to $1.05 billion. The top line beat the Zacks Consensus Estimate by 4.8%.Adjusted operating margin of 16.1% improved 30 bps year over year. The CMT or Consumer Money Transfer segment reported revenues of $975.5 million, which declined 1% year over year on a reported and constant-currency basis in the quarter under review. Operating income improved 7% year over year to $148.9 million. The operating income margin of 15.3% rose from 14.1% a year ago. Transactions within the CMT segment increased 5.2% year over year. Branded Digital revenues increased 4% on a reported and constant-currency basis.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 reportMastercard Incorporated (MA) : Free Stock Analysis ReportFidelity National Information Services, Inc. (FIS) : Free Stock Analysis ReportThe Western Union Company (WU) : Free Stock Analysis ReportGlobal Payments Inc. (GPN) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Fidelity National (FIS) Q4 Earnings Miss on High Interest Costs

https://finance.yahoo.com/news/fidelity-national-fis-q4-earnings-174100587.html

05db00e6-e568-3194-bc2b-6098292aea55

GPN

(Bloomberg) -- A long-awaited wave of convertible bonds made landfall last week, with Global Payments Inc. and Lyft Inc. among the companies tapping investors for relief from the so-called maturity wall at relatively attractive prices.Most Read from BloombergBYD’s New $233,450 EV Supercar to Rival Ferrari, LamborghiniStock Rally Stalls at Start of Data-Packed Week: Markets WrapA Spike in Heart Disease Deaths Since Covid Is Puzzling ScientistsFreddie Mercury’s London Residence Lists at £30 MillionJacob Rothschild, Financier and Philanthropist, Dies at 87Convertible issues had their busiest week in a year, with five issues raising a combined $5.18 billion in the seven-day period ending Friday, according to data compiled by Bloomberg. That’s just shy of the $5.99 billion raised in the week of Feb. 20 last year.With US companies of varying creditworthiness facing $812 billion worth of maturing debt this year, according to S&P Global Ratings, and once-widely-expected interest rate cuts from the Federal Reserve now looking less imminent, convertibles’ generally lower cost of financing than straight debt is drawing in issuers keen to refinance existing borrowings. That could push annual US volume to as much as $65 billion, 20% higher than 2023’s total, Bank of America Corp. research shows.“The recent economic data are causing issuers to re-consider their issuance plans,” said Syed Raj Imteaz of ICR Capital LLC. “If a significant rate cut is not in the cards, why wait to issue? Why not go to the market now?”Super Micro Computer Inc.’s $1.5 billion, five-year convertible bond issue — which ICR advised on — was priced at 0%, the first US dollar-denominated convertible to do so since Confluent Inc.’s $1.1 billion convertible in December 2021, before the interest rate hike cycle began.Even though the near-term catalyst for the jump last week was companies waiting to announce their fourth-quarter earnings, the overriding motivation is to refinance existing obligations at lower rates, helped by an asset whose convertibility into shares benefits when stock markets are touching record highs.Story continuesThe surge is “a great example of how companies, when being opportunistic, can quickly take advantage of lower cost of capital when being public,” said Steve Maletzky, group head of capital markets for William Blair & Co.Stronger-than-expected economic data and recent comments by Federal Reserve officials have encouraged potential issuers to face the higher-for-longer reality head on.“The uptick in convertible deals last week — a majority of which was used to refinance existing debt — is a sign that issuance from the often-discussed maturity wall is beginning to materialize,” said Steve Streit, a portfolio manager with Acasta Partners.Enticing InvestorsBank of America, an underwriter on all five of last week’s convertible issuances, expects volume in the US to be between $60 billion and $65 billion this year, versus $54.67 billion in 2023, and sees a wider variety of issuers — which may prove more enticing to investors.“Last year, we saw a lot of paper from utilities companies, which, while good with strong credit, are less interesting for convert investors because their volatility is low, making it harder to make money,” said Michael Youngworth, Bank of America’s head of global convertibles and preferreds strategy.Ridesharing app company Lyft was met with favorable terms, pricing its $460 million, five-year issue at 0.625%, lower than the 0.875% coupon for Uber Technologies Inc.’s upsized $1.725 billion convertible in November last year.The timing may have helped. “Those companies that come to market at the beginning of the issuance wave generally get better terms than those that wait longer,” Youngworth said.Investment grade companies accounted for just under a third of the new convertibles so far in 2024, versus about a quarter last year, according to Bank of America. They include Federal Realty Investment Trust’s $485 million issue and Global Payments’ $2 billion worth of notes.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

Convertibles Notch $5 Billion Week as Rate Cuts Appear Distant

https://finance.yahoo.com/news/convertibles-notch-5-billion-week-212115476.html

63d42be9-0c08-346b-b251-8973ededa164

GPN

Some fintech disruptors in the stock market are looking to disrupt the future of finance. These companies are leveraging cutting-edge technology to revolutionize how individuals invest, trade, and manage their finances. By harnessing artificial intelligence, machine learning algorithms, and more, they should also be at the front of investors’ minds.Investing in these companies not only presents an opportunity to participate in the forefront of technological innovation but also offers the potential for significant financial return. Furthermore,  they’re quick to adapt, come up with new ideas, and grow fast. So, if you invest in them now, you could see some impressive returns on your investment. Plus, as more people turn to digital and automated financial services, these companies are likely to grab even more market share, which means more money for investors like you in the future.So here are seven fintech disruptors for investors to consider in February.InvestorPlace - Stock Market News, Stock Advice & Trading TipsGlobal Payments (GPN)Global Payments office building in Brantford, Ontario, Canada. GPN stock.Source: JHVEPhoto / ShutterstockGlobal Payments (NYSE:GPN) is a provider of payment technology and software solutions globally. Payment technology is advancing rapidly, and GPN stock is at the forefront of its development, particularly in Europe.I like this pick because it reported a strong performance for the fourth quarter and full year of 2023. The GAAP revenue for the fourth quarter was $2.43 billion, and adjusted net revenue was $2.19 billion, both marking an 8% increase. For the full year, revenue reached $9.65 billion, up 7.6%. The operating income saw a significant increase of 168.1% to $1.72 billion for the year.The company has highlighted its plans to launch a joint venture with Commerzbank in the first half of 2024, aiming to expand its digital payment services to small- and medium-sized businesses across Germany.Analysts have a positive outlook on Global Payments, with a consensus rating of “Moderate buy.” The stock’s price targets range from $105 to $186, with an average target of $151.92, suggesting a potential upside of 14.3% from the current price.Story continuesNu Holdings (NU)A concept image of mobile payment with a smart phone for a cup of coffee.Source: ShutterstockNu Holdings (NYSE:NU) operates a digital banking platform primarily in Latin America, offering a wide range of financial services.Like GPN stock, NU also reported a strong previous quarter. The company reported a record quarterly gross profit of $1.1 billion, an 87% year-over-year increase, with a gross profit margin expanding to 48%. Nu Holdings further solidified its capital position, boasting Capital Adequacy Ratios significantly above the required minimums, complemented by $2.4 billion in excess cash.Looking ahead, Nu Holdings’ strategic focus includes expanding its product portfolio, which now encompasses credit cards, NuAccounts, personal loans, insurance policies, and investment services, catering to a broad customer base across Brazil, Mexico, and Colombia.Due to its recent financial results, investors can consider scooping up shares of NU if they want a part of a dominant player in fintech, especially if they also want to invest in developing markets in Latin America.Shift4 Payments (FOUR)Online banking businessman using smartphone with credit card Fintech and Blockchain conceptSource: Joyseulay / Shutterstock.comShift4 Payments (NYSE:FOUR) is a digital payments processor focusing on sectors like e-commerce and hospitality. The potential of e-commerce almost goes without saying, as more retail stores close down unable to compete with the likes of Amazon (NASDAQ:AMZN) and other marquee online brands. At the same time, the hospitality sector gives FOUR some endurance.I think that due to carving itself a niche in these sectors, it’s one of those fintech disruptors that investors should pay close attention to.Some recent analyst coverage for FOUR stock is especially attractive, and I concur with this viewpoint. For 2024, Shift4 Payments is expected to experience robust organic growth, projected at a 25-30% compound annual growth rate (CAGR). This growth is considered particularly compelling, given the stock’s valuation at less than 16x forward free cash flows.Furthermore, management seems to have a lot of skin in the game to ride on its success, with insiders owning 32.14% of the company’s stock.PayPal (PYPL)PayPal logo and front of headquarters. PYPL stockSource: Michael Vi / Shutterstock.comPayPal (NASDAQ:PYPL) is a giant in digital payments, offering a wide array of financial services worldwide.I think that PYPL stocks are one of those companies that will continue to innovate in fintech moving forward. Specifically, PayPal’s announcement of launching AI-driven products and a one-click checkout feature, aiming to capitalize on the growing investor interest in artificial intelligence, should be long-term growth drivers for the company.Now might also be a good time for investors to scoop up shares due to what I believe is an irrational sell-off for its stock price. The company’s recent earnings surpassed expectations, but its guidance for 2024 fell short of Wall Street’s hopes, contributing to a mixed reaction. Despite these challenges, PayPal remains committed to driving profitable growth in the coming years.Adyen (ADYEY)Illustration of phone with dollar sign and other graphics symbolizing fintech displayed on and around it, with a blue background. Fintech Stock BargainsSource: shutterstock.com/ZinetroNAdyen (OTCMKTS:ADYEY) is a Netherlands-based digital payment processing platform. It has seen a significant rebound in its share price, driven by strategic changes and quarterly results that indicate its strategy is beginning to pay off.Framing this effort is that Adyen’s management has outlined a promising three-year plan aimed at delivering more than 20% annualized revenue growth and improving margins, which has helped alleviate investor concerns sparked by earlier lackluster financial results​ in previous quarters.Adyen’s performance across its segments in 2023 demonstrates its solid market position and potential for future growth. The Digital segment saw a 21% volume growth from the previous year, with US Digital volumes growing faster than the market average. The Unified Commerce segment reported a 25% increase, and the Platforms segment, excluding eBay volumes, showcased a remarkable 120% growth.If ADYEY continues its financial performance, then I believe its pivot as outlined in its three-year plan could make it one of those fintech disruptors for the future.SoFi Technologies (SOFI)SoFi Technologies, Inc logo with stock market chart background. is an American online personal finance company and online bank.Source: Poetra.RH / Shutterstock.comSoFi Technologies (NASDAQ:SOFI) is a digital-first financial services and technology firm that has recently reported its first quarter of GAAP profitability. With a significant part of its operating costs being fixed, there’s potential for substantial earnings growth as revenue continues to increase.Looking ahead to 2024, SoFi expects adjusted net revenue between $550 to $560 million, adjusted EBITDA between $110 to $120 million, and GAAP net income between $10 to $20 million for the first quarter. For the full year, the company anticipates the combined growth of the Tech Platform and Financial Services segments to be at least 50%, with lending revenue at 92% to 95% of 2023 levels.SOFI could be one of the most promising fintech stocks that has a heavy AI focus. It uses this tech to enhance customer experience, streamline operations, and detect fraud. With rapid growth, 7.5 million members, and $18.9 billion in deposits, and counting, SOFI is one of those fintech disruptors to consider.Robinhood (HOOD)hood stock: An image of a wallet with a coin in it, a cellphone on top depicting Robinhood logo. Robinhood cryptoSource: salarko/ShutterstockRobinhood (NASDAQ:HOOD) is one of the most iconic names for retail stock broking in the United States.The company has laid out a robust plan for 2024, focusing on increasing the value of its Gold subscription service by offering a 4.9% APY on uninvested cash and a 3% match on IRA contributions. These enhancements have significantly grown Gold subscriptions, with over 1.3 million subscribers to date.Furthermore, the company’s emphasis on cost reduction and operational efficiency has also led to a substantial increase in profitability, with adjusted EBITDA growing nearly triple year-over-year to $137 million, representing a 29% margin.Robinhood is also expanding its geographic footprint, making its third attempt to enter the U.K. market. This move comes after the U.K.’s Financial Conduct Authority established new guidelines for strengthening consumer protection in crypto asset marketing.If HOOD can garner a similar userbase in the UK and other regions to what it has in the U.S., it could be one of those dominant apps used for buying and trading stocks worldwide, which makes it one of those fintech disruptors.On the date of publication, Matthew Farley did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.Matthew started writing coverage of the financial markets during the crypto boom of 2017 and was also a team member of several fintech startups. He then started writing about Australian and U.S. equities for various publications. His work has appeared in MarketBeat, FXStreet, Cryptoslate, Seeking Alpha, and the New Scientist magazine, among others.More From InvestorPlaceChatGPT IPO Could Shock the World, Make This Move Before the Announcement“America’s Top Trader” Issues A.I. Code Red: Act Now or Miss OutIt doesn’t matter if you have $500 or $5 million. Do this now.The post Fintech Disruptors: 7 Growth Stocks That Will Revolutionize Finance appeared first on InvestorPlace.

InvestorPlace

Fintech Disruptors: 7 Growth Stocks That Will Revolutionize Finance

https://finance.yahoo.com/news/fintech-disruptors-7-growth-stocks-172802171.html

5cf7c54a-f953-3c06-ab5e-65e51cdacbb4

GPN

ATLANTA, March 06, 2024--(BUSINESS WIRE)--Global Payments Inc. (NYSE: GPN), a leading worldwide provider of payment technology and software solutions, announced today that Cameron Bready, President and Chief Executive Officer, will present live at the Wolfe Research FinTech Forum in New York on Wednesday, March 13, 2024 at 1:05 p.m. EST.Interested parties can listen to a live webcast of the event from the investor relations section of the company’s website at investors.globalpayments.com. A replay of the webcast will also be available after the event.About Global PaymentsGlobal Payments Inc. (NYSE: GPN) is a leading payments technology company delivering innovative software and services to our customers globally. Our technologies, services and team member expertise allow us to provide a broad range of solutions that enable our customers to operate their businesses more efficiently across a variety of channels around the world.Headquartered in Georgia with approximately 27,000 team members worldwide, Global Payments is a Fortune 500® company and a member of the S&P 500 with worldwide reach spanning North America, Europe, Asia Pacific and Latin America. For more information, visit company.globalpayments.com and follow Global Payments on X, LinkedIn and Facebook.View source version on businesswire.com: https://www.businesswire.com/news/home/20240306166861/en/ContactsInvestor Contact:Winnie Smith [email protected] Contact:Emily Edmonds [email protected]

Business Wire

Global Payments to Participate in Wolfe Research FinTech Forum

https://finance.yahoo.com/news/global-payments-participate-wolfe-research-133000250.html

2e2cb436-5157-3d0b-a57f-d38a7e5d21a0

GRMN

Company reports record full year revenue, proposes dividend increase, and announces share repurchase programSCHAFFHAUSEN, Switzerland, Feb. 21, 2024 /PRNewswire/ -- Garmin® Ltd. (NYSE: GRMN), today announced results for the fourth quarter ended December 30, 2023.Highlights for fourth quarter 2023 include:Consolidated revenue of $1.48 billion, a 13% increase compared to the prior year quarterGross margin expanded to 58.3% from 57.0% in the prior year quarterOperating margin was 23.0% compared to 20.5% in the prior year quarterOperating income was $340 million, a 27% increase compared to the prior year quarterGAAP EPS of $2.82 and pro forma EPS(1) of $1.72, representing 27% growth in pro forma EPS over the prior year quarterReceived six Innovation Awards at the 2024 Consumer Electronics Show for our Venu® 3, epixTM Pro, MARQ® Golfer-Carbon Edition and Garmin's Autoland retrofitLaunched the Descent TM G1 Solar-Ocean Edition, our first-ever product made with recycled ocean-bound plasticsG3000® Integrated Flight Deck was selected by Eve Air Mobility for its electric vertical takeoff and landing aircraftForce® Kraken was selected for a Marine Power Innovation Award by the editors at Boating MagazineAwarded a multi-year Auto OEM contract that expands our customer base within domain controllers with production starting in 2027Garmin ranked No. 1 for the 20th consecutive year in Professional Pilot's 2024 Avionics Manufacturers Product Support SurveyGarmin ranked No. 2 on Forbes' 2024 list of America's Best Large EmployersHighlights for fiscal year 2023 include:Record consolidated revenue of $5.23 billion, an 8% increase compared to the prior yearAviation, Marine and Auto OEM segments each posted record full year revenueGross margin of 57.5% compared to 57.7% in the prior yearOperating margin of 20.9% compared to 21.1% in the prior yearOperating income of $1.09 billion, a 6% increase compared to the prior yearGAAP EPS of $6.71 and pro forma EPS(1) of $5.59, representing 9% growth in pro forma EPS over the prior yearStory continues(In thousands, except per share information)13-WeeksEnded14-WeeksEnded52-WeeksEnded53-WeeksEndedDecember 30,December 31,YoYDecember 30,December 31,YoY20232022Change20232022ChangeNet sales$1,482,501$1,306,35613%$5,228,252$4,860,2868%Fitness412,076336,55322%1,344,6371,109,41921%Outdoor486,378451,4658%1,697,1511,770,275(4)%Aviation217,134225,251(4)%846,329792,7997%Marine239,886210,61414%916,911903,9831%Auto OEM127,02782,47354%423,224283,81049%Gross margin %58.3%57.0%57.5%57.7%Operating income %23.0%20.5%20.9%21.1%GAAP diluted EPS$2.82$1.5384%$6.71$5.0433%Pro forma diluted EPS (1)$1.72$1.3527%$5.59$5.139%(1) See attached Non-GAAP Financial Information for discussion and reconciliation of non-GAAP financial measures, including pro forma diluted EPSExecutive Overview from Cliff Pemble, President and Chief Executive Officer:"We are very pleased with our 2023 financial performance resulting in record full year consolidated revenue and record full year revenue in three of our five segments. We are entering 2024 with strong momentum from our robust product lineup and have many product launches planned during the year. I am very proud of what we accomplished in 2023 and look forward to all that 2024 will bring." - Cliff Pemble, President and Chief Executive Officer of Garmin Ltd.Fitness:Revenue from the fitness segment increased 22% in the fourth quarter with growth across all categories led by strong demand for wearables. Gross and operating margins were 56% and 22%, respectively, resulting in $93 million of operating income. At the recent Consumer Electronics Show, our Venu 3 was recognized with three CES Innovation Awards, including the prestigious Best of Innovation honor for outstanding design and engineering.Outdoor:Revenue from the outdoor segment increased 8% in the fourth quarter with growth across multiple categories led by adventure watches. Gross and operating margins were 65% and 34%, respectively, resulting in $164 million of operating income. During the quarter, we expanded our lineup of dive offerings with the introduction of the Descent G1 Solar – Ocean Edition, our first-ever product made with recycled ocean-bound plastics. We also launched the new Descent Mk3 watch-style dive computer and the Descent T2 transceiver with enhanced SubWave TM sonar technology. This enhanced underwater technology features diver-to-diver messaging and tank pressure monitoring. Also during the quarter, we launched the eTrex® Solar, our first handheld GPS with solar charging capability allowing for infinite battery life for outdoor adventurers.Aviation:Revenue from the aviation segment decreased 4% in the fourth quarter as growth in OEM categories was more than offset by decreases in aftermarket categories. Gross and operating margins were 75% and 26%, respectively, resulting in $57 million of operating income. During the quarter, our G3000 integrated flight deck was selected by Embraer backed Eve Air Mobility for its electric vertical takeoff and landing aircraft. The G3000's lightweight, high-resolution displays and intuitive touchscreen interface are ideally suited for both legacy aircraft and emerging advanced air mobility applications.Marine:Revenue from the marine segment increased 14% in the fourth quarter due to contributions from the acquisition of JL Audio. Gross and operating margins were 53% and 16%, respectively, resulting in $37 million of operating income. During the quarter, we launched the ECHOMAP TM Ultra 2 chartplotter series designed with premium sonar, mapping and wireless networking capabilities for inland and nearshore anglers. We also launched the GSD 28 sonar module with RapidReturn technology that offers six times faster updates than its predecessor.Auto OEM:Revenue from the auto OEM segment increased 54% during the fourth quarter primarily due to increased shipments of domain controllers. Gross margin was 21%, and the operating loss narrowed to $10 million. Domain controller deliveries to the BMW Group continued to ramp up across multiple models and regions. During the quarter, we were awarded a multi-year contract with a premium automaker to supply domain controllers on a global basis starting in 2027, which is projected to be the single largest award in the history of our Auto OEM business. In addition, at the recent Consumer Electronics Show, we revealed our updated Unified Cabin and announced our motorcycle infotainment solution was selected by Yamaha Motors for select motorcycles and smart scooters.Additional Financial Information:Total operating expenses in the fourth quarter were $524 million, a 10% increase over the prior year. Research and development increased 10% primarily due to engineering personnel costs. Selling, general and administrative expenses increased 10% driven primarily by personnel related expenses and incremental costs associated with the acquisition of JL Audio. Advertising expenses increased 6% primarily due to higher cooperative advertising.In the fourth quarter of 2023, we reported a $159 million income tax benefit. Excluding $181 million of income tax benefit due to the revaluation of certain Switzerland deferred tax assets, and $12 million of income tax benefit due to auto OEM manufacturing tax incentives in Poland, our pro forma effective tax rate(1) in the fourth quarter of 2023 was 9.0% compared to 8.9% in the prior year quarter.In the fourth quarter of 2023, we generated operating cash flow of $466 million and free cash flow(1) of $417 million. We paid a quarterly dividend of approximately $140 million and repurchased approximately $19 million of the Company's shares within the quarter, completing the share repurchase program authorized through December 29, 2023. We ended the quarter with cash and marketable securities of approximately $3.1 billion.(1)See attached Non-GAAP Financial Information for discussion and reconciliation of non-GAAP financial measures, including pro forma effective tax rate and free cash flow.2024 Fiscal Year Guidance(2):We expect full year 2024 revenue of approximately $5.75 billion, an increase of approximately 10% over 2023. We expect our full year pro forma EPS to be approximately $5.40 based upon gross margin of approximately 56.5%, operating margin of approximately 20.0% and pro forma effective tax rate of approximately 15.5%.2024 GuidanceRevenue$5.75BGross Margin56.5 %Operating Margin20.0 %Pro forma Effective Tax Rate15.5 %Pro forma EPS$5.40(2)All amounts and %'s in the above 2024 Guidance table are approximate. Also, see attached discussion on Forward-looking Financial Measures.Dividend Recommendation and New Share Repurchase Program:The Board of Directors intends to recommend to the shareholders for approval at the annual meeting to be held on June 7, 2024, a cash dividend in the amount of $3.00 per share, payable in four equal installments on dates to be determined by the Board. The Board currently anticipates the scheduling of the dividend in four installments as follows:Dividend DateRecord DateDividend Per ShareJune 28, 2024June 17, 2024$0.75September 27, 2024September 13, 2024$0.75December 27, 2024December 13, 2024$0.75March 28, 2025March 14, 2025$0.75In addition, the Board has established March 29, 2024 as the payment date and March 15, 2024 as the record date for the final dividend installment of $0.73 per share, per the prior approval at the 2023 annual shareholders' meeting. The first, second and third payments of $0.73 per share were made on June 30, 2023, September 29, 2023, and December 29, 2023, respectively.On February 16, 2024, the Board of Directors authorized the Company to repurchase up to $300 million of the Company's shares through December 26, 2026. The timing and volume of any share repurchases under this authorization will be determined by management at its discretion. Share repurchases, which are subject to market conditions, other business conditions and applicable legal requirements, may be made from time to time in the open market or in privately negotiated transactions, including under plans complying with the provisions of Rule 10b5-1 and Rule 10b-18 of the Securities Exchange Act of 1934, as amended. The share repurchase authorization does not obligate the Company to repurchase any specific number of shares and may be suspended, modified or terminated at any time.Webcast Information/Forward-Looking Statements:The information for Garmin Ltd.'s earnings call is as follows:When:Wednesday, February 21, 2024 at 10:30 a.m. EasternWhere:https://www.garmin.com/en-US/investors/events/How:Simply log on to the web at the address aboveAn archive of the live webcast will be available until February 19, 2025 on the Garmin website at www.garmin.com. To access the replay, click on the Investors link and click over to the Events Calendar page.This release includes projections and other forward-looking statements regarding Garmin Ltd. and its business that are commonly identified by words such as "anticipates," "would," "may," "expects," "estimates," "plans," "intends," "projects," and other words or phrases with similar meanings. Any statements regarding the Company's expected fiscal 2024 GAAP and pro forma estimated earnings, EPS, and effective tax rate, and the Company's expected segment revenue growth rates, consolidated revenue, gross margins, operating margins, potential future acquisitions, share repurchase programs, currency movements, expenses, pricing, new product launches, market reach, statements relating to possible future dividends, and the Company's plans and objectives are forward-looking statements. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors that are described in the Annual Report on Form 10-K for the year ended December 30, 2023 filed by Garmin with the Securities and Exchange Commission (Commission file number 001-41118). A copy of Garmin's 2023 Form 10-K can be downloaded from https://www.garmin.com/en-US/investors/sec/. All information provided in this release and in the attachments is as of December 30, 2023. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to us on the date hereof. We undertake no duty to update this information unless required by law.This release and the attachments contain non-GAAP financial measures. A reconciliation to the nearest GAAP measure and a discussion of the Company's use of these measures are included in the attachments.Garmin, the Garmin logo, ECHOMAP, eTrex, Force, G3000, MARQ, quatix, and venu are trademarks of Garmin Ltd. or its subsidiaries and are registered in one or more countries, including the U.S. Epix and Descent are trademarks of Garmin Ltd. or its subsidiaries. All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.Investor Relations Contact:Media Relations Contact:Teri SeckKrista Klaus913/397-8200913/[email protected]  [email protected] Ltd. and SubsidiariesCondensed Consolidated Statements of Income (Unaudited)(In thousands, except per share information)13-WeeksEnded14-WeeksEnded52-WeeksEnded53-WeeksEndedDecember 30,December 31,December 30,December 31,2023202220232022Net sales$1,482,501$1,306,356$5,228,252$4,860,286Cost of goods sold618,352561,3862,223,2972,053,511Gross profit864,149744,9703,004,9552,806,775Advertising expense61,26057,662173,109168,040Selling, general and administrative expenses225,190204,421834,990775,963Research and development expense237,245215,712904,696834,927Total operating expenses523,695477,7951,912,7951,778,930Operating income340,454267,1751,092,1601,027,845Other income (expense):Interest income22,84014,30677,30240,826Foreign currency gains (losses)19,48844,53526,434(11,274)Other income2543,8604,4607,577Total other income (expense)42,58262,701108,19637,129Income before income taxes383,036329,8761,200,3561,064,974Income tax (benefit) provision(159,089)36,604(89,280)91,389Net income$542,125$293,272$1,289,636$973,585Net income per share:Basic$2.83$1.53$6.74$5.06Diluted$2.82$1.53$6.71$5.04Weighted average common shares outstanding:Basic191,363191,613191,397192,544Diluted192,557192,104192,058193,042 Garmin Ltd. and SubsidiariesCondensed Consolidated Balance Sheets (Unaudited)(In thousands)December 30,2023December 31,2022AssetsCurrent assets:Cash and cash equivalents$1,693,452$1,279,194Marketable securities274,618173,288Accounts receivable, net815,243656,847Inventories1,345,9551,515,045Deferred costs16,31614,862Prepaid expenses and other current assets318,556315,915Total current assets4,464,1403,955,151Property and equipment, net1,224,0971,147,005Operating lease right-of-use assets143,724138,040Noncurrent marketable securities1,125,1911,208,360Deferred income tax assets754,635441,071Noncurrent deferred costs11,0579,831Goodwill608,474567,994Other intangible assets, net186,601178,461Other noncurrent assets85,65085,257Total assets$8,603,569$7,731,170Liabilities and Stockholders' EquityCurrent liabilities:Accounts payable$253,790$212,417Salaries and benefits payable190,014176,114Accrued warranty costs55,73850,952Accrued sales program costs98,61097,772Other accrued expenses245,874197,376Deferred revenue101,18991,092Income taxes payable225,475246,180Dividend payable139,997139,732Total current liabilities1,310,6871,211,635Deferred income tax liabilities114,682129,965Noncurrent income taxes payable16,52134,627Noncurrent deferred revenue36,14835,702Noncurrent operating lease liabilities113,035114,541Other noncurrent liabilities436360Stockholders' equity:Common shares (195,880 and 198,077 shares authorized and issued;   191,777 and 191,623 shares outstanding)19,58817,979Additional paid-in capital2,125,4672,042,472Treasury shares (4,103 and 6,454 shares)(330,909)(475,095)Retained earnings5,263,5284,733,517Accumulated other comprehensive income (loss)(65,614)(114,533)Total stockholders' equity7,012,0606,204,340Total liabilities and stockholders' equity$8,603,569$7,731,170 Garmin Ltd. and SubsidiariesConsolidated Statements of Cash Flows (Unaudited)(In thousands)52-WeeksEnded53-WeeksEndedDecember 30,2023December 31,2022Operating Activities:Net income$1,289,636$973,585Adjustments to reconcile net income to net cash provided by operating activities:Depreciation132,347118,743Amortization45,22545,110Loss (gain) on sale of property and equipment215(2,083)Unrealized foreign currency (gains) losses(25,541)(5,867)Deferred income taxes(340,774)(143,286)Stock compensation expense101,42276,801Realized losses (gains) on marketable securities62986Changes in operating assets and liabilities, net of acquisitions:Accounts receivable, net of allowance for doubtful accounts(129,120)167,336Inventories244,506(363,327)Other current and noncurrent assets7,88772,185Accounts payable28,503(131,268)Other current and noncurrent liabilities52,188(71,756)Deferred revenue10,411(2,379)Deferred costs(2,661)3,591Income taxes(38,041)49,888Net cash provided by operating activities1,376,265788,259Investing activities:Purchases of property and equipment(193,524)(244,286)Proceeds from sale of property and equipment2182,402Purchase of intangible assets(1,504)(1,907)Purchase of marketable securities(170,681)(1,051,994)Redemption of marketable securities183,3721,164,116Acquisitions, net of cash acquired(150,853)(13,455)Net cash used in investing activities(332,972)(145,124)Financing activities:Dividends(558,769)(679,096)Proceeds from issuance of treasury shares related to equity awards44,06362,221Purchase of treasury shares related to equity awards(22,815)(22,730)Purchase of treasury shares under share repurchase plan(98,988)(201,012)Net cash used in financing activities(636,509)(840,617)Effect of exchange rate changes on cash and cash equivalents7,460(21,449)Net increase (decrease) in cash, cash equivalents, and restricted cash414,244(218,931)Cash, cash equivalents, and restricted cash at beginning of year1,279,9121,498,843Cash, cash equivalents, and restricted cash at end of year$1,694,156$1,279,912 Garmin Ltd. and SubsidiariesNet Sales, Gross Profit and Operating Income by Segment (Unaudited)(In thousands)The Company announced an organization realignment in January 2023, which combined the consumer auto operating segment with the outdoor operating segment. As a result, the Company's operating segments, which also represent our reportable segments, are fitness, outdoor, aviation, marine, and auto OEM. Results for the 13-week and 53-week periods ended December 31, 2022 have been recast below to conform with the current period presentation. This change had no effect on the Company's consolidated results of operations.FitnessOutdoorAviationMarineAuto OEMTotal13-Weeks Ended December 30, 2023Net sales$412,076$486,378$217,134$239,886$127,027$1,482,501Gross profit232,147317,061162,214126,09926,628864,149Operating income (loss)92,550163,85556,67137,294(9,916)340,45414-Weeks Ended December 31, 2022Net sales$336,553$451,465$225,251$210,614$82,473$1,306,356Gross profit164,496280,031159,858114,72325,862744,970Operating income (loss)39,844134,15262,82942,853(12,503)267,17552-Weeks Ended December 30, 2023Net sales$1,344,637$1,697,151$846,329$916,911$423,224$5,228,252Gross profit716,9061,072,861625,988491,26197,9393,004,955Operating income (loss)232,201515,254226,400179,429(61,124)1,092,16053-Weeks Ended December 31, 2022Net sales$1,109,419$1,770,275$792,799$903,983$283,810$4,860,286Gross profit552,4171,099,408573,063491,45790,4302,806,775Operating income (loss)104,738573,281213,186215,304(78,664)1,027,845 Garmin Ltd. and SubsidiariesNet Sales by Geography (Unaudited)(In thousands)13-WeeksEnded14-WeeksEnded52-WeeksEnded53-WeeksEndedDecember 30,December 31,YoYDecember 30,December 31,YoY20232022Change20232022ChangeNet sales$1,482,501$1,306,35613 %$5,228,252$4,860,2868 %Americas732,648648,91213 %2,614,3582,429,0298 %EMEA523,439440,74719 %1,775,9651,633,6409 %APAC226,414216,6974 %837,929797,6175 %EMEA - Europe, Middle East and AfricaAPAC - Asia Pacific and Australian ContinentNon-GAAP Financial InformationTo supplement our financial results presented in accordance with GAAP, this release includes the following measures defined by the Securities and Exchange Commission as non-GAAP financial measures: pro forma effective tax rate, pro forma net income (earnings) per share and free cash flow. These non-GAAP measures are not based on any comprehensive set of accounting rules or principles and should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and may be different from non-GAAP measures used by other companies, limiting the usefulness of the measures for comparison with other companies. Management believes providing investors with an operating view consistent with how it manages the Company provides enhanced transparency into the operating results of the Company, as described in more detail by category below.The tables below provide reconciliations between the GAAP and non-GAAP measures.Pro forma effective tax rateThe Company's income tax expense is periodically impacted by discrete tax items that are not reflective of income tax expense incurred as a result of current period earnings. Therefore, management believes disclosure of the effective tax rate and income tax provision before the effect of certain discrete tax items are important measures to permit investors' consistent comparison between periods.(In thousands)13-Weeks Ended14-Weeks Ended52-Weeks Ended53-Weeks EndedDecember 30,December 31,December 30,December 31,2023202220232022$ETR(1)$ETR(1)$ETR(1)$ETR(1)GAAP income tax (benefit) provision$(159,089)(41.5) %$36,60411.1 %$(89,280)(7.4) %$91,3898.6 %Pro forma discrete tax items:Tax effect of state rate change (2)——(2,269)—Switzerland deferred tax assets (3)181,410(7,168)181,410(7,168)Poland incentive tax credits (4)12,116—12,116Pro forma income tax provision$34,4379.0 %$29,4368.9 %$101,9778.5 %$84,2217.9 %(1) Effective tax rate is calculated by taking the income tax (benefit) provision divided by income before taxes, as presented on the face of the Condensed Consolidated Statements of Income.(2) In third quarter 2023, the Company recognized $2.3 million of tax expense due to the revaluation of deferred tax assets associated with the change in corporate income tax rate for the state of Kansas.(3) Certain Switzerland deferred tax assets related to the enactment of Switzerland Federal and Schaffhausen cantonal tax reform were revalued in the fourth quarters of 2023 and 2022, resulting in income tax benefit of $181.4 million and income tax expense of $7.2 million, respectively.(4) In fourth quarter 2023, the Company recognized $12.1 million of income tax benefit due to auto OEM manufacturing tax incentives in Poland.Pro forma net income (earnings) per shareManagement believes that net income (earnings) per share before the impact of foreign currency gains or losses and certain discrete income tax items, as discussed above, is an important measure in order to permit a consistent comparison of the Company's performance between periods.(In thousands, except per share information)13-WeeksEnded14-WeeksEnded52-WeeksEnded53-WeeksEndedDecember 30,December 31,December 30,December 31,2023202220232022GAAP net income$542,125$293,272$1,289,636$973,585Foreign currency gains / losses (1)(19,488)(44,535)(26,434)11,274Tax effect of foreign currency gains / losses (2)1,7523,9742,246(892)Pro forma discrete tax items (3)(193,526)7,168(191,257)7,168Pro forma net income$330,863$259,879$1,074,191$991,136GAAP net income per share:Basic$2.83$1.53$6.74$5.06Diluted$2.82$1.53$6.71$5.04Pro forma net income per share:Basic$1.73$1.36$5.61$5.15Diluted$1.72$1.35$5.59$5.13Weighted average common shares outstanding:Basic191,363191,613191,397192,544Diluted192,557192,104192,058193,042(1) Foreign currency gains and losses for the Company are driven by movements of a number of currencies in relation to the U.S. Dollar and the related exchange rate impact on the significant cash, receivables, and payables held in a currency other than the functional currency at a given legal entity. However, there is minimal cash impact from such foreign currency gains and losses.(2) The tax effect of foreign currency gains and losses was calculated using the pro forma effective tax rate of 9.0% and 8.5% for the 13-weeks and fiscal year ended December 30, 2023, respectively, and the pro forma effective tax rate of 8.9% and 7.9% for the 14-weeks and fiscal year ended December 31, 2022, respectively.(3) The 2023 and 2022 discrete tax items are discussed in the pro forma effective tax rate section above.Free cash flowManagement believes that free cash flow is an important liquidity measure because it represents the amount of cash provided by operations that is available for investing and defines it as operating cash flows less capital expenditures for property and equipment. Management believes that excluding purchases of property and equipment provides a better understanding of the underlying trends in the Company's operations and allows more accurate comparisons of the Company's results between periods. This metric may also be useful to investors but should not be considered in isolation as it is not a measure of cash flow available for discretionary expenditures. The most comparable GAAP measure is net cash provided by operating activities.(In thousands)13-WeeksEnded14-WeeksEnded52-WeeksEnded53-WeeksEndedDecember 30,December 31,December 30,December 31,2023202220232022Net cash provided by operating activities$465,941$368,665$1,376,265$788,259Less: purchases of property and equipment(48,648)(59,358)(193,524)(244,286)Free Cash Flow$417,293$309,307$1,182,741$543,973Forward-looking Financial MeasuresThe forward-looking financial measures in our 2024 guidance provided above do not consider the potential future net effect of foreign currency exchange gains and losses, certain discrete tax items and any other impacts that may be identified as pro forma adjustments in calculating the non-GAAP measures described above.The estimated impact of foreign currency gains and losses cannot be reasonably estimated on a forward-looking basis due to the high variability and low visibility with respect to non-operating foreign currency exchange gains and losses and the related tax effects of such gains and losses. The impact on diluted net income per share of foreign currency gains and losses, net of tax effects, was $0.13 per share for the 52 weeks ended December 30, 2023.At this time, management is unable to determine whether or not significant discrete tax items will occur in fiscal 2024 or anticipate the impact of any other events that may be considered in the calculation of non-GAAP financial measures. (PRNewsfoto/Garmin)CisionView original content to download multimedia:https://www.prnewswire.com/news-releases/garmin-announces-fourth-quarter-and-fiscal-year-2023-results-302067000.htmlSOURCE Garmin Ltd.

PR Newswire

Garmin announces fourth quarter and fiscal year 2023 results

https://finance.yahoo.com/news/garmin-announces-fourth-quarter-fiscal-120000258.html

a4d0d7cb-2bf1-3eca-a1b2-a862444b53e4

GRMN

Garmin Ltd. (GRMN) shares are jumping after fourth-quarter earnings and revenue results beat estimates, reporting better-than-expected guidance for 2024.Yahoo Finance’s Julie Hyman and Josh Lipton take a closer look at the numbers.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 Eyek NtekimVideo TranscriptJULIE HYMAN: So round out, trending tickers with one stock that's actually moving higher today. And here on a good note, shares of Garmin they're in the green, following an earnings beat on the top and bottom line. So Garmin stock actually hit a 50, a 52 week high, I think, in today's trade I saw. Consumer electronics company obviously sells smartwatches, GPS devices. Q4 was strong, adjusted earnings beat revenue beat, and looking ahead for 2024 companies targeting sales of $5.75 billion. That's good news if you're long the stock, shoot was closer to $5.56.JOSH LIPTON: It does look like a 52-week high today, although the stock had been declining into the print, but the magnitude of the gain today is such that it means that they're at that new 52-week high. Shares are actually up about 42% over the past year or two, so it's already had that run until again more recently when the shares started to decline into this. They also, I don't know if you mentioned, they authorized a buyback of up to $300 million too, so that doesn't hurt.JOSH LIPTON: Capital return news is always welcome.JULIE HYMAN: Yes, it is.

Yahoo Finance Video

Garmin stock surges on earnings beat, 2024 guidance

https://finance.yahoo.com/video/garmin-stock-surges-earnings-beat-204804702.html

9856d1ca-225a-3ade-9aea-8d9bd74b67db

GRMN

The maker of the Roomba line of robot vacuum cleaners outlined more details of its painful restructuring plan Tuesday morning during a conference call to discuss its fourth-quarter results. The restructuring comes after the company and Amazon called off their merger deal last month due to resistance from regulators. This will allow iRobot to reduce R&D expenses and improve gross margins that totaled 22% for 2023— badly trailing those of consumer electronics peers Sonos, GoPro, Garmin and SharkNinja, which averaged 45% last year.Continue reading

The Wall Street Journal

Heard on the Street: Roomba Maker iRobot's Cleanup May Spill More Sales

https://finance.yahoo.com/m/9b4f1052-c7ca-3fb0-a2f0-4458829a84c7/heard-on-the-street-roomba.html

9b4f1052-c7ca-3fb0-a2f0-4458829a84c7

GRMN

Report offers key insights and information into SOS trends from around the worldOLATHE, Kan., Feb. 29, 2024 /PRNewswire/ -- Garmin (NYSE: GRMN) today released its 2023 inReach® SOS Report, highlighting trends involving SOS incidents reported to Garmin Response℠ during the past calendar year. As a global leader in two-way satellite communication, Garmin inReach technology is available on a wide variety of devices and can help individuals stay in touch globally with two-way text messaging, location tracking and critical SOS emergency response services1.As a global leader in two-way satellite communication, Garmin inReach technology is available on a wide variety of devices and can help individuals stay in touch globally with two-way text messaging, location tracking and critical SOS emergency response services.Here are some key takeaways from the 2023 report:SOS-triggered responses varied from local emergency services on major interstate highways to highly technical helicopter rescues. They came from locations on six continents, including nearly 100 countries, and in three oceans.Individuals activated an SOS the most during hiking/backpacking activities, followed by driving and motorcycle incidents.Driving-related SOS incidents rose, emphasizing the importance of having an inReach on hand for situations when cell phone coverage is lacking. This is another benefit over relying solely on cell and basic 911 capabilities.Many SOS incidents were for the actual inReach user; however, over one-half were for a user's party member or a third-party individual.With their inReach devices, as supported by the professionally trained Garmin Response staff, inReach users were able to self-rescue nearly 10% of the time.Click here to read the entire 2023 report.How inReach SOS works with Garmin ResponseThanks to a dedicated SOS button and 100% global Iridium® satellite network coverage, Garmin inReach users can quickly send an SOS message should an emergency occur. Once an SOS message is sent, even if the user takes no other action, the device sends a distress message to Garmin Response, a 24/7 staffed professional emergency response coordination center. Garmin Response will communicate with the individual user, their listed emergency contacts, search and rescue organizations and other available local resources. They provide updates to users and emergency contacts on the response effort, including confirmation when help is on the way, and remain available as the incident is being resolved.Story continuesWhat our customers are saying about inReach"Witnessing a traumatic accident is stressful enough even when you have an inReach (Garmin Response) to immediately contact search and rescue and coordinate a rescue. I cannot imagine how stressful it would have been to have to leave somebody severely injured and hike or ski out for hours, try to find cell reception and then try to communicate the location and potentially go back in hours later not knowing what had transpired in the meantime. The more inReach devices that are in the backcountry, the safer I believe it will be for everyone." –Parker Clark, inReach user who triggered SOS alerts that led to the rescue of two skiers "We have carried the inReach device for years and have used it to communicate, and I have used the tracking function to let people know where I am when I fly or snowmobile. This is the first time we have needed it in an emergency, and it did its job! The Garmin Response staff was exemplary, keeping in touch and passing along information as soon as it became available. My daughter is at home now and recovering. Without inReach, she would have had to lie on the wet riverbank for many hours while I tried to walk and swim my way to get help. We will keep the inReach device with us whenever we are outdoors, and I very highly recommend it to everyone else." –Shane Horton, inReach user involved in a boating accidentFind your Garmin inReachGarmin offers a selection of inReach devices that vary in weight, display size and features, all with two-way communication and SOS capabilities.The inReach Messenger is an easy-interface device that provides a simple, communications-focused inReach experience, handy for anyone who might find themselves without cell service.When the size and weight of the gear matters most, the easy-to-carry inReach Mini 2 is a great option with its lightweight and compact design.Dedicated explorers, mountaineers, and hunters may prefer the rugged GPSMAP® 67i GPS handheld and satellite communicator, which offers TopoActive mapping and inReach technology for backcountry activities.Road warriors may prefer the Montana® 700 Series, which includes a full-touchscreen display, allowing users to quickly and easily type messages, plus a variety of mounting options for ATVs, motorcycles, bikes and more.For overlanding enthusiasts, the Tread® XL Series is built for every part of the journey and has the mapping they need to stay on track and communication technology to stay in touch.On the water, Garmin offers the inReach Mini 2 Marine Bundle, which includes a powered mount for the boat's helm for easy access when needed. Mariners also utilize the GPSMAP 86sci, which comes with preloaded BlueChart®g3 coastal charts in a water-resistant, floating design.Aviators can send and receive messages conveniently through their Garmin Pilot™ smart device app right from the cockpit. Garmin Pilot leverages the inReach Mini 2's GPS positioning to drive a georeferenced aircraft position symbol on a tablet's moving map display.Learn more about all of Garmin's inReach-capable devices here.An active satellite subscription is required for live tracking, messaging, weather forecasts and interactive SOS capabilities. A variety of affordable plans are available. Individuals with a supported device and an active subscription can purchase search and rescue (SAR) insurance plans through Garmin which offer financial reimbursement for qualified search and rescue related expenses2.Engineered on the inside for life on the outside, Garmin products have revolutionized life for adventurers, athletes, off-road explorers, road warriors and outdoor enthusiasts everywhere. Committed to developing products that enhance experiences, enrich lives and help provide peace of mind, Garmin believes every day is an opportunity to innovate and a chance to beat yesterday. Visit the Garmin Newsroom, email our media team, connect with @garminoutdoor on social, or follow our blog.1Active satellite subscription required. Some jurisdictions regulate or prohibit the use of satellite communication devices. It is your responsibility to know and follow all applicable laws in the jurisdiction where the device is intended to be used.2 SAR insurance is an optional benefit in addition to the emergency coordination response from Garmin Response. SAR insurance is not required for Garmin Response to coordinate a rescue response.About Garmin: Garmin Ltd. (NYSE: GRMN) is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin, inReach, GPSMAP, Montana, Tread and BlueChart are registered trademarks, Garmin Pilot is a trademark and Garmin Response is a service mark of Garmin Ltd. or its subsidiaries.All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.Notice on Forward-Looking Statements:This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 30, 2023, filed by Garmin with the Securities and Exchange Commission (Commission file number 0001-411180). A copy of such Form 10-K is available at https://www.garmin.com/en-US/company/investors/earnings/. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.Media Contacts:Mike Cummings & Rehan [email protected] SOS-triggered responses varied from local emergency services on major interstate highways to highly technical helicopter rescues. They came from locations on six continents, including nearly 100 countries, and in three oceans.(PRNewsfoto/Garmin)CisionView original content to download multimedia:https://www.prnewswire.com/news-releases/garmin-releases-annual-inreach-sos-report-302072961.htmlSOURCE Garmin International, Inc.

PR Newswire

Garmin releases annual inReach SOS Report

https://finance.yahoo.com/news/garmin-releases-annual-inreach-sos-120000240.html

9b8aa35a-c2f3-35a6-8b65-f7a3cb1256bf

GS

NEW YORK, Feb 26 (Reuters) - Goldman Sachs has named senior wealth executive Meena Flynn as co-head of the firm's client services initiative, One Goldman Sachs, according to an internal memo, in the latest series of executive changes at the firm.Flynn, who is also global co-head of private wealth management, succeeds Kim Posnett, who has been co-head of One Goldman Sachs since 2021, the memo said.Bloomberg News earlier reported the appointment.Sam Morgan is the other co-head of One Goldman Sachs, while Posnett remains as global head of the technology, media and telecommunications group within global banking and markets, the biggest revenue driver for the firm.Flynn joined Goldman Sachs in 2000, and was named managing director in 2008 and partner in 2014.Since the start of the year Goldman Sachs has seen the departure of two high-profile executives. Jim Esposito, the co-head of Goldman Sachs' global banking and markets division, plans to retire after almost three decades at the bank.Beth Hammack, co-head of the global financing group and a member of the management committee, is also leaving the Wall Street giant after more than 30 years with the firm, she announced on her Linkedin page.Hammack said she plans to take a break for the next several months, spending time with family and "excited to decide what comes next." (Reporting by Saeed Azhar, Editing by Franklin Paul)

Reuters

MOVES-Goldman Sachs names Meena Flynn as co-head of One Goldman Sachs-memo

https://finance.yahoo.com/news/moves-goldman-sachs-names-meena-163051001.html

d7f772cd-28e0-3dda-945d-68f79913fbd2

GS

The Goldman Sachs Group, Inc. GS, intending to capitalize on the significant growth of the private credit industry, entered a partnership with Mubadala Investment, an Abu Dhabi sovereign wealth fund. The companies will jointly invest $1 billion in private credit deals in multiple Asia-Pacific markets with a particular focus on India.The funds will be deployed through a separately managed account, which will be managed by GS through its dedicated on-ground team in Asia and a global private credit team.A number of financial institutions have been making efforts to enter into the $1.7 trillion global private credit market, given attractive opportunities and high demand in the space. Mubadala has been investing in private debt opportunities since 2009, mostly in the North America and Europe markets, but it has been recently focusing attention toward the Asia market.Omar Eraiqat, the co-head of the credit investment unit at Mubadala stated, "The diverse and rapidly growing economies, as well as the increasing private-equity deal volumes, are significantly driving demand in Asia Pacific for customized credit solutions from non-traditional lenders."Further, Greg Olafson, global head of private credit at Goldman said, "The opportunity in private credit in Asia-Pacific is expansive."Per Preqin’s data, private credit market in the region has grown 3.5 times in the last 10 years. Notably, in 2022, the market size in the region reached $81.3 billion and is further expected to touch $100 billion by 2027.The partnership is similar to the one Goldman made with Ontario Municipal Employees Retirement System in September 2023 to co-invest in private credit transactions in the Asia Pacific region.The expansion into the private credit space will likely drive Goldman’s revenue growth amid efforts to scale back its consumer banking business and focusing on its core strengths of investment banking, trading and asset management.Story continuesGoldman’s shares have gained 20% in the past six months compared with the industry’s growth of 12%.Zacks Investment ResearchImage Source: Zacks Investment ResearchGS presently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Partnerships of Other Finance FirmsBlackstone Inc. BX entered a partnership with BNP Paribas SA BNPQY to form a new fund financed by French individuals. The aim of the fund will be to invest in companies in private debt.BX’s vehicle, dubbed “Blackstone Credit Privé Europe SC,” aims to tap into the large pool of savings held by French retail investors via the country’s most popular tax-efficient life insurance product.This new France-dedicated fund, which is aimed at investing in middle-sized companies, fits well with Blackstone’s group strategy targeting individual investors.BNPQY and Blackstone said that clients of the French lender’s private bank unit and insurance division would benefit from an exclusivity period ending on Apr 5, 2024, to invest in the fund.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 Goldman Sachs Group, Inc. (GS) : Free Stock Analysis ReportBlackstone Inc. (BX) : Free Stock Analysis ReportBNP Paribas SA (BNPQY) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Goldman (GS) in Partnership With Mubadala Invests in $1B Fund

https://finance.yahoo.com/news/goldman-gs-partnership-mubadala-invests-174800539.html

7a7d484a-86d5-30b5-b3c6-73b25364bbef

GS

Tech billionaires aren’t the only ones fighting for control of AI. The US and China are too.The two world superpowers are competing with each other for everything from the intellectual know-how to design AI hardware and software to the raw materials that power artificial intelligence systems. Both are also using government subsidies to spur new advancements.Where the US holds a commanding lead at the moment is the development of generative AI systems such as large language models (LLMs), according to Frank Long with Goldman Sachs' (GS) Office of Applied Innovation. These models hoover up existing data and use it as the basis for chatbots like Open AI's ChatGPT.Another advantage for the US is that it can place export restrictions on high-performance semiconductors designed by companies like Nvidia (NVDA) that are in intense demand across the AI world. That, for now, is keeping the development of the most sophisticated LLMs out of China’s reach, Long said.Nvidia is now one of the world's most valuable companies due to soaring demand for AI computing power. (Jeff Chiu/AP Photo, File) (ASSOCIATED PRESS)China, however, is countering with its own maneuvers. It is restricting the export of chipmaking metals gallium and germanium to the US while also reportedly amassing a new $27 billion chip fund to back its own major projects.The fierce competition for AI talent between the two countries turned up a notch this past week when the US Justice Department unsealed an indictment charging a Chinese national and former Google (GOOG, GOOGL) AI software developer with stealing 500 files of confidential code that the tech giant uses for its supercomputing data centers to train LLMs.The government alleged that after stealing the intellectual property, the defendant began simultaneously working for rival companies in China.The charges “are the latest illustration of the lengths affiliates of companies based in the People’s Republic of China are willing to go to steal American innovation,” FBI director Christopher Wray said in a statement.'Horse race'The fight for global supremacy of AI was a hot topic of discussion earlier this month at the Web Summit’s annual technology conference in Doha, Qatar, an event that attracted investors and tech executives from around the world.Story continuesAI leaders from the public and private sectors acknowledged that the US and China currently have the edge. The countries currently rank No. 1 and No. 2 in Tortoise Media's Global AI Index, which measures nations based on AI investment, innovation, and implementation.But the leaders also said at the summit that it's too soon to know which countries, over time, will leverage the technology to the greatest economic and societal advantage. Singapore, for example, is now No. 3 in Tortoise's index after moving up rapidly in recent years.Singapore is climbing the ranks of AI powers. (Photo by Roslan RAHMAN / AFP) (ROSLAN RAHMAN via Getty Images)"I think it's not going to be as straightforward of a horse race — this person or that person, this country or that country," Long said. "It's going to be a full stack with participants in competition" for the energy, computing power, data, and models needed for AI systems.Long and his team at Goldman said in a recent white paper they suspect certain geopolitical “swing states” — like the United Kingdom, the United Arab Emirates (UAE), Israel, Japan, the Netherlands, and South Korea — may be best positioned to tap the technology and form AI alliances.Other Asian countries beyond China already have several advantages. Taiwan is home to a cutting-edge semiconductor manufacturer, Taiwan Semiconductor Manufacturing Company (TSM), which produces 90% of the world’s most advanced semiconductors and 68% of semiconductors worldwide.Engineers work in a cleanroom at the Taiwan Semiconductor Research Institute in Hsinchu, Taiwan. (Ann Wang/REUTERS) (REUTERS / Reuters)Japan and South Korea are also home to leading semiconductor manufacturing and design firms, and they are setting aside more government funds to drive AI advancement.Japan allocated $13 billion to the technology in its 2023 budget, up from $8.6 billion in 2022, while South Korea committed $470 billion over the next 23 years to create the world’s largest semiconductor manufacturing hub.Other potential AI hubs could emerge in Europe and the Middle East. The Netherlands — home to ASML (ASML) — is already the world’s sole manufacturer of ultraviolet lithography machines, which are required to fabricate leading-edge semiconductors.An employee in a laboratory at ASML, a Dutch company that is currently the largest supplier in the world of semiconductor manufacturing machines via photolithography systems. (EMMANUEL DUNAND / AFP via Getty Images) (EMMANUEL DUNAND via Getty Images)The UAE has a $10 billion fund to invest in late-state technologies, while Israel has also attracted billions in private AI investments.Global power will shift towards nations that produce versus solely consume AI technology, according to Alaa Abdulaal, head of digital foresight for the Riyadh-based multilateral foundation Digital Cooperation Organization (DCO). The group's mission is to recommend government policies that promote access to technology."It cannot be only done by government itself," Abdulaal said. "It needs to take a cooperative approach, where we have at the same table the private sector, public sector, civil society — all of them sitting together to come up with the right set of frameworks for AI."'Getting much closer'Today, most countries have adopted, at minimum, a national strategy to develop and protect against the potential risks of AI. And some have cleared the way for regulations, though none have been tested against market forces.In March, the EU is expected to adopt new legal restraints around AI. Earlier this year, the bloc's member states signaled their agreement with the AI Act, the world’s first comprehensive legislation to regulate the technology.Federal laws specific to AI don’t exist yet in the US or UK, and it’s unknown whether that will happen.In October, President Biden issued an executive order to encourage safe AI development, including privacy protections. More than a dozen US states have adopted multiple AI-related laws.President Joe Biden speaks about government regulations on artificial intelligence systems during an event in the East Room of the White House last year. (Evan Vucci/AP Photo, File) (ASSOCIATED PRESS)The UK, for its part, rolled out a “National AI Strategy” in 2022 and committed roughly $4 billion in chip development subsidies. The nation has also attracted the third-largest level of private investment in AI, behind the US and China.State subsidies and export bans may not hold sway forever as nations compete, said Jihad Tayara, CEO of Evoteq, a Dubai-based company that facilitates public-private collaborations to build AI into public infrastructure."It's getting much closer," Tayara said of the digital divide, noting that most nations have access to high-speed 5G data capabilities.And human capital, along with access to open-source models, will matter too."Today we're seeing open-source models emerging that are in many use cases equivalent in capability to the absolute most frontier models," Long said.Nations that prepare their workforces to develop and implement AI models will gain a considerable edge, Abdulaal said."This opportunity cannot be seen unless we have the right people in place."Alexis Keenan is a legal reporter for Yahoo Finance. Follow Alexis on Twitter @alexiskweed.Click here for political news related to business and money policies that will shape tomorrow's stock prices.Read the latest financial and business news from Yahoo Finance

Yahoo Finance

The AI arms race between the US and China is heating up

https://finance.yahoo.com/news/the-ai-arms-race-between-the-us-and-china-is-heating-up-160000539.html

1514afb5-beef-43ef-bcfb-16994a02d24f

GS

(Bloomberg) -- Reddit Inc. disclosed further details of what is set to be one of the year’s biggest initial public offerings, with the company and some existing shareholders seeking to raise as much as $748 million.Most Read from BloombergOne of the Most Infamous Trades on Wall Street Is Roaring BackStock Rally Stalls in Countdown to Inflation Data: Markets WrapTech CEOs Are Addicted to Taking Needless RisksChina Has Never Canceled This Many Shipments of US WheatReddit and the holders are planning to sell 22 million shares for $31 to $34 each, the social media platform said in a filing Monday. About 15.3 million those shares will be sold by the company and the rest by the investors, who are Reddit employees.At the top of that range, Reddit, whose users helped create the meme stock frenzy of 2021, would have a market value of $5.4 billion, based on almost 159 million shares outstanding. Fully diluted to include employee stock options and restricted share units, the company’s valuation would be about $6.4 billion, the filing with the US Securities and Exchange Commission shows.About 8% of the IPO shares are being set aside for Reddit users and moderators who created accounts before Jan. 1, as well as some board members and friends and family of some employees and directors. Those shares won’t be subject to a lockup, meaning the owners can sell them on the opening day of trading, according to Reddit’s filing that confirms an earlier report by Bloomberg News.The IPO is being led by Morgan Stanley, Goldman Sachs Group Inc., JPMorgan Chase & Co. and Bank of America Corp., according to Reddit’s filings. Reddit plans for its shares to trade on the New York Stock Exchange under the symbol RDDT.The company intends to price the IPO on March 20 and begin trading the following day, according to people familiar with the matter who asked not to be identified because the information wasn’t public. A representative for Reddit didn’t immediately respond to a request for comment on the timing.Story continuesReddit’s ValuationReddit’s more than two-year slog to listing reflects the ups and downs of the market, beginning with its initial confidential filing in 2021, when IPOs on US exchanges set an an all-time record of $339 billion, according to data compiled by Bloomberg. Reddit raised funds that year valuing it at $10 billion, and Bloomberg News reported the following year that it could be valued at as much as $15 billion in an IPO.Meanwhile, IPOs in the US tumbled, reaching only $26 billion last year, the data show. In January, Bloomberg News reported that Reddit was weighing feedback from early meetings with potential IPO investors that it should consider a valuation of at least $5 billion.The company is a high-profile addition to the year’s roster of newly and soon-to-be public companies. The biggest of those listings was the $1.57 billion offering by Amer Sports Inc. in January. Astera Labs Inc., a software maker focused on artificial intelligence, said in a filing Friday that it would seek up to $534 million in its IPO, which will likely proceed Reddit’s.Read More: Intel-Backed Astera Seeks $534 Million in IPO With AI AppealReddit’s listing will be watched closely by IPO candidates such as Microsoft Corp.-backed data security start up Rubrik Inc. and health-care payments company Waystar Technologies Inc. Their deliberations come after a quartet of US listings led by semiconductor designer Arm Holdings Plc’s $5.23 billion offering in September failed to ignite a lasting rebound in the market.Shrinking LossesFounded in 2005, Reddit averaged 73.1 million daily active unique visitors in the fourth quarter, according to its filings. The company reported a net loss of $91 million on revenue of $804 million in 2023, compared with a net loss of about $159 million on revenue of $667 million a year earlier.Reddit’s largest shareholder is Advance Magazine Publishers Inc., part of the Newhouse family publishing empire that owns Conde Nast, which bought Reddit in 2006 and spun it out in 2011.Reddit said its millions of loyal users and moderators pose risks as well as a benefit for the company. Redditors have a historically combative relationship with the site, launching revolts over everything from racism on the platform to executives’ staffing decisions.Meme StocksThousands of members of the WallStreetBets forum — which boasts around 15 million users and helped popularize meme stocks like GameStop Corp. — voted to boost a forum post about shorting Reddit’s stock when it begins trading. Their reasons varied from the company’s lack of profitability to competitive concerns.Some of the largely anonymous users on Reddit expressed an interest in buying IPO shares, while others called the IPO a “mistake” or predicted that the stock will crash.“Honestly don’t believe it will be successful,” one user wrote. “Too many social media companies chasing a few dollars. They already throw all the ads at me and I will not pay them to disable it. I never clicked on an ad on purpose.”Read More: Reddit’s IPO Success Hinges on Company’s Unruly User BaseReddit co-founder and Chief Executive Officer Steven Huffman said in a signed letter included in the filings that the company has many opportunities to grow both the platform and the business.“Advertising is our first business, and advertisers of all sizes have discovered that Reddit is a great place to find high-intent customers that they aren’t able to reach elsewhere,” Huffman said. “Advertising on Reddit is rapidly evolving, and we are still in the early phases of growing this business.”AI LicensingReddit said it’s in the early stages of allowing third parties to license access to data on the platform, including to train artificial intelligence models. The company said that in January it entered into data licensing arrangements with an aggregate contract value of $203 million and terms ranging from two to three years. It expects a minimum of $66.4 million of revenue from those agreements this year, according to the filings.Reddit also has announced a deal with Alphabet Inc.’s Google, allowing Google’s AI products to use Reddit data to improve their technology. Large language models often need vast troves of human-generated content to improve.Huffman owns shares that will give him 3.3% of the voting power after the offering. That includes Class B shares that will have 10 votes each compared with one each for the Class A shares to be sold in the IPO, the filings show. Huffman also has a voting proxy agreement with Advance.Other large shareholders include Chief Operating Officer Jennifer Wong, as well as FMR LLC and entities affiliated with OpenAI Chief Executive Officer Sam Altman, Tencent Holdings Ltd., Vy Capital and Quiet Capital and Tacit Capital, according to the filings.In all Huffman and those investors will hold about three-quarters of the shareholder voting rights after the IPO.Huffman’s fellow co-founder, venture capitalist Alexis Ohanian, isn’t listed among the investors with stakes of 5% or more and isn’t named elsewhere in the filings.--With assistance from Katie Roof.(Updates with expected IPO timing in sixth paragraph.)Most Read from Bloomberg BusinessweekAcademics Question ESG Studies That Helped Fuel Investing BoomLuxury Postnatal Retreats Draw Affluent Parents Around the USHow Apple Sank About $1 Billion a Year Into a Car It Never BuiltThe Battle to Unseat the Aeron, the World’s Most Coveted Office ChairHow Microsoft’s Bing Helps Maintain Beijing’s Great Firewall©2024 Bloomberg L.P.

Bloomberg

Reddit Launches Long-Awaited IPO With $748 Million Target

https://finance.yahoo.com/news/reddit-launches-long-awaited-ipo-102310736.html

7bffff6a-8d0e-33ed-bdc8-fa8259f34949

GWW

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. And in light of that, the trends we're seeing at W.W. Grainger's (NYSE:GWW) look very promising so lets take a look.Understanding Return On Capital Employed (ROCE)If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for W.W. Grainger, this is the formula:Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)0.41 = US$2.6b ÷ (US$8.1b - US$1.8b) (Based on the trailing twelve months to December 2023).Thus, W.W. Grainger has an ROCE of 41%. In absolute terms that's a great return and it's even better than the Trade Distributors industry average of 13%. View our latest analysis for W.W. Grainger roceAbove you can see how the current ROCE for W.W. Grainger compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like to see what analysts are forecasting going forward, you should check out our free analyst report for W.W. Grainger .How Are Returns Trending?Investors would be pleased with what's happening at W.W. Grainger. The numbers show that in the last five years, the returns generated on capital employed have grown considerably to 41%. Basically the business is earning more per dollar of capital invested and in addition to that, 44% more capital is being employed now too. The increasing returns on a growing amount of capital is common amongst multi-baggers and that's why we're impressed.Story continuesWhat We Can Learn From W.W. Grainger's ROCEAll in all, it's terrific to see that W.W. Grainger is reaping the rewards from prior investments and is growing its capital base. And with the stock having performed exceptionally well over the last five years, these patterns are being accounted for by investors. In light of that, we think it's worth looking further into this stock because if W.W. Grainger can keep these trends up, it could have a bright future ahead.On a final note, we've found 1 warning sign for W.W. Grainger that we think you should be aware of.High returns are a key ingredient to strong performance, so check out our free list ofstocks earning high returns on equity with solid balance sheets.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.

Returns on Capital Paint A Bright Future For W.W. Grainger (NYSE:GWW)

https://finance.yahoo.com/news/returns-capital-paint-bright-future-110024192.html

23ccfe8e-231c-35c9-ad70-65b849efc958

GWW

W.W. Grainger (NYSE:GWW) Full Year 2023 ResultsKey Financial ResultsRevenue: US$16.5b (up 8.2% from FY 2022).Net income: US$1.83b (up 18% from FY 2022).Profit margin: 11% (in line with FY 2022).EPS: US$36.65 (up from US$30.39 in FY 2022).earnings-and-revenue-growthAll figures shown in the chart above are for the trailing 12 month (TTM) periodW.W. Grainger Meets ExpectationsRevenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.Looking ahead, revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Trade Distributors industry in the US.Performance of the American Trade Distributors industry.The company's shares are up 2.5% from a week ago.Risk AnalysisDon't forget that there may still be risks. For instance, we've identified 1 warning sign for W.W. Grainger that you should be aware 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.

W.W. Grainger Full Year 2023 Earnings: In Line With Expectations

https://finance.yahoo.com/news/w-w-grainger-full-2023-124543438.html

41fa0146-b7a1-323c-9f92-ab1150c32b9a

GWW

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously said that 'Volatility is far from synonymous with risk.' So it might be obvious that you need to consider debt, when you think about how risky any given stock is, because too much debt can sink a company. Importantly, W.W. Grainger, Inc. (NYSE:GWW) does carry debt. But the real question is whether this debt is making the company risky.When Is Debt Dangerous?Debt and other liabilities become risky for a business when it cannot easily fulfill those obligations, either with free cash flow or by raising capital at an attractive price. If things get really bad, the lenders can take control of the business. While that is not too common, we often do see indebted companies permanently diluting shareholders because lenders force them to raise capital at a distressed price. Of course, debt can be an important tool in businesses, particularly capital heavy businesses. The first step when considering a company's debt levels is to consider its cash and debt together. See our latest analysis for W.W. Grainger What Is W.W. Grainger's Net Debt?As you can see below, W.W. Grainger had US$2.32b of debt, at December 2023, which is about the same as the year before. You can click the chart for greater detail. However, it also had US$660.0m in cash, and so its net debt is US$1.66b.debt-equity-history-analysisHow Strong Is W.W. Grainger's Balance Sheet?Zooming in on the latest balance sheet data, we can see that W.W. Grainger had liabilities of US$1.83b due within 12 months and liabilities of US$2.88b due beyond that. Offsetting this, it had US$660.0m in cash and US$2.19b in receivables that were due within 12 months. So its liabilities total US$1.85b more than the combination of its cash and short-term receivables.Of course, W.W. Grainger has a titanic market capitalization of US$47.7b, so these liabilities are probably manageable. But there are sufficient liabilities that we would certainly recommend shareholders continue to monitor the balance sheet, going forward.Story continuesWe measure a company's debt load relative to its earnings power by looking at its net debt divided by its earnings before interest, tax, depreciation, and amortization (EBITDA) and by calculating how easily its earnings before interest and tax (EBIT) cover its interest expense (interest cover). Thus we consider debt relative to earnings both with and without depreciation and amortization expenses.W.W. Grainger's net debt is only 0.59 times its EBITDA. And its EBIT easily covers its interest expense, being 28.1 times the size. So you could argue it is no more threatened by its debt than an elephant is by a mouse. Also good is that W.W. Grainger grew its EBIT at 15% over the last year, further increasing its ability to manage debt. The balance sheet is clearly the area to focus on when you are analysing debt. But it is future earnings, more than anything, that will determine W.W. Grainger's ability to maintain a healthy balance sheet going forward. So if you want to see what the professionals think, you might find this free report on analyst profit forecasts to be interesting.Finally, a company can only pay off debt with cold hard cash, not accounting profits. So we clearly need to look at whether that EBIT is leading to corresponding free cash flow. During the last three years, W.W. Grainger produced sturdy free cash flow equating to 52% of its EBIT, about what we'd expect. This free cash flow puts the company in a good position to pay down debt, when appropriate.Our ViewThe good news is that W.W. Grainger's demonstrated ability to cover its interest expense with its EBIT delights us like a fluffy puppy does a toddler. And that's just the beginning of the good news since its net debt to EBITDA is also very heartening. Looking at the bigger picture, we think W.W. Grainger's use of debt seems quite reasonable and we're not concerned about it. While debt does bring risk, when used wisely it can also bring a higher return on equity. There's no doubt that we learn most about debt from the balance sheet. However, not all investment risk resides within the balance sheet - far from it. For instance, we've identified 1 warning sign for W.W. Grainger that you should be aware of.If, after all that, you're more interested in a fast growing company with a rock-solid balance sheet, then check out our list of net cash growth stocks without delay.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.

Does W.W. Grainger (NYSE:GWW) Have A Healthy Balance Sheet?

https://finance.yahoo.com/news/does-w-w-grainger-nyse-120019419.html

df309a29-90f3-3f5b-8143-7787ae246b45

GWW

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.Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.Why This 1 Growth Stock Should Be On Your WatchlistGrowth investors build their portfolios around companies that are financially strong and have a bright future, and the Growth Style Score helps take projected and historical earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.W.W. Grainger (GWW)Incorporated in 1928, IL-based W.W. Grainger Inc. is a broad line, business-to-business distributor of maintenance, repair and operating (MRO) products and services. Its operations are primarily in North America, Japan and the U.K. Its customers represent a wide array of industries including government, manufacturing, transportation, commercial and contractors. Its products include material-handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, and metalworking tools.GWW boasts a Growth Style Score of B and VGM Score of B, and holds a Zacks Rank #2 (Buy) rating. Its bottom-line is projected to rise 7% year-over-year for 2024, while Wall Street anticipates its top line to improve by 6.1%.Six analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.60 to $39.22 per share for 2024. GWW boasts an average earnings surprise of 6.5%.On a historic basis, W.W. Grainger has generated cash flow growth of 11.3%, and is expected to report cash flow expansion of 19.3% this year.Story continuesWith solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, GWW should be on investors' short lists.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 reportW.W. Grainger, Inc. (GWW) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Here's Why W.W. Grainger (GWW) is a Strong Growth Stock

https://finance.yahoo.com/news/heres-why-w-w-grainger-134512880.html

e3058424-7eb1-374f-92c1-5b6bb4233e0c

HAL

It has been about a month since the last earnings report for Halliburton (HAL). Shares have lost about 4.6% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Halliburton due for a breakout? 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.Halliburton Q4 Earnings Beat EstimatesHalliburton reported fourth-quarter 2023 adjusted net income per share of 86 cents, surpassing the Zacks Consensus Estimate of 80 cents and well above the year-ago quarter profit of 72 cents (adjusted). The outperformance reflects strength in the international markets, partly offset by weak performance in the North American region.Meanwhile, revenues of $5.7 billion were 2.8% higher than the corresponding period of 2022 but came below the Zacks Consensus Estimate (by some $47 million).In good news for investors, Halliburton raised its quarterly dividend by 6.3% to 17 cents per share (or 68 cents per share annualized).Inside Halliburton’s Regions & SegmentsNorth American revenues fell 7.2% year over year to $2.4 billion, which also failed to meet our projection of $2.7 billion. Revenues from Halliburton’s international operations were up 11.6% from the year-ago period to $3.3 billion and surpassed our estimate of $3.1 billion.Operating income from the Completion and Production segment was $716 million, up handsomely from the year-ago level of $659 million but below our projection of $701.7 million. The division’s performance was buoyed by improving completion tool sales in the Gulf of Mexico, Africa, and the Middle East. These factors were offset by lower stimulation activity in U.S. onshore and Mexico, tepid artificial lift activity in U.S. land, to go with weak completion tool sales in Latin America.Drilling and Evaluation unit profit improved from $387 million in the fourth quarter of 2022 to $420 million in the corresponding period of 2023. However, the division marginally missed our estimate of $421.7 million. This performance could be attributed to higher software sales in in the Middle East/Asia, Africa, and Latin America, plus a pickup in fluid services in the Western Hemisphere and Africa. Partly offsetting these positives was the disruption in Norway activity on account of adverse weather.Story continuesBalance SheetHalliburton reported fourth-quarter capital expenditure of $399 million, higher than our projection of $358.5 million. As of Dec 31, 2023, the company had approximately $2.3 billion in cash/cash equivalents and $7.6 billion in long-term debt, representing a debt-to-capitalization ratio of 44.7. HAL also bought back $254 million worth its stock during the October-December period. The company generated $1.4 billion of cash flow from operations in the fourth quarter, leading to free cash flow of $1.1 billion.Management Remarks & OutlookHalliburton — the world’s biggest provider of hydraulic fracking — noted that 2023 turned out to be a great year, with both its segments recording their highest operating margins in over a decade. Looking ahead, the company sees strong demand for oilfield services this year. HAL, which generated an impressive $2.3 billion of free cash flow in 2023, sees the momentum continuing in 2024 as well. Regarding debt retirement, this yea, Halliburton repaid some $300 million to further improve its balance sheet strength.   How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a downward trend in estimates revision.VGM ScoresAt this time, Halliburton has a great Growth Score of A, though it is lagging a lot on the Momentum Score front with an F. However, the stock was allocated a grade of A on the value side, putting it in the top 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, Halliburton has a Zacks Rank #3 (Hold). We expect an in-line 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 reportHalliburton Company (HAL) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Halliburton (HAL) Down 4.6% Since Last Earnings Report: Can It Rebound?

https://finance.yahoo.com/news/halliburton-hal-down-4-6-163017314.html

cf9e2d0b-77b8-3644-adfb-31530a3bd986

HAL

By Adriana BarreraMEXICO CITY, Feb 22 (Reuters) - Mexican national oil company Pemex partially resumed paying down what it owes to suppliers at the end of last year, prioritizing large oilfield service companies over upstart private producers, according to company data and four industry sources.The world's most heavily-indebted oil company has not, however, publicly disclosed the balance of its debts to suppliers since last October, when it said it owed some $5.6 billion, not including other related liabilities, including litigation costs and taxes.At the end last year's third quarter, Pemex said it owed suppliers $17.4 billion.The delayed payments to Pemex's key partners are a longstanding problem that could disrupt operations if not resolved.Pemex did not respond to requests for comment.It is, however, expected to provide an update on the delinquent payments when it reports its fourth quarter results next week.President Andres Manuel Lopez Obrador has sought to prop up Pemex, doling out more than $90 billion over the last five years through a mix of tax cuts and capital injections.The payments to providers restarted after some of Pemex's major service contractors last Decemberpublicly criticizedthe state-run company for its failure to pay up, arguing it put them in a critical situation.A letter from private oil companies was sent to Mexico's finance minister outlining similar gripes. While it was not made public, a copy was seen by Reuters.Pemex soon began paying hundreds of millions of dollars in payments to major service providers SLB, Weatherford and Halliburton, in what sources described as an effort to privilege its own dependant operations first.SLB and Weatherford said in annual reports that they received significant payments from Pemex; SLB said it was paid $560 million in last year's fourth quarter, while Weatherford got $140 million in the same period and later another $142 million in January.Story continuesPrivate oil companies that deliver all their crude and gas production to Pemex, meanwhile, are seeing an average six month delay on payments."Pemex's strategy of paying the most important service providers avoided... the delay in Pemex's own activities," according to one of the sources, adding that it "discriminates" against the private producers.Private oil companies, allowed to operate fields in Mexico following a 2013 constitutional overhaul, produced 98,000 barrels per day (bpd) of crude as of last December, according to oil regulator CNH, compared with Pemex's 1.6 million-bpd output."There's an unfairness to Pemex's payments," said another source.Halliburton and Weatherford declined comment, while SLB did not immediately respond to comment requests.Baker Hughes, another major Pemex service provider, said it is "pleased to see (Pemex's) continued efforts to pay their suppliers."In annual reports, Halliburton said Pemex represented approximately 6% of accounts receivable; meanwhile, SLB said Pemex represented 13% of its accounts receivable and Weatherford put the figure at 22%.Last year through September, Pemex reported that it had paid contractors close to $17.6 billion.A Pemex source said the company intends is to "improve" payments over the next quarter, using part of a recent tax cut to partially settle the debts.(Reporting by Adriana Barrera; Additional reporting by Ana Isabel Martinez in Mexico City and Gary McWilliams in Houston; Writing by Cassandra Garrison; Editing by David Alire Garcia and Marguerita Choy)

Reuters

Mexico's Pemex prioritizes paying down overdue debts to big service providers

https://finance.yahoo.com/news/mexicos-pemex-prioritizes-paying-down-225632448.html

1beaa61b-8eff-3d3f-9b3a-bcc164db8cb4

HAL

The latest trading session saw Halliburton (HAL) ending at $36.66, denoting a +1.24% adjustment from its last day's close. The stock's performance was ahead of the S&P 500's daily loss of 0.11%. On the other hand, the Dow registered a gain of 0.12%, and the technology-centric Nasdaq decreased by 0.41%.The provider of drilling services to oil and gas operators's stock has climbed by 4.93% in the past month, exceeding the Oils-Energy sector's gain of 3.56% and the S&P 500's gain of 2.7%.The investment community will be paying close attention to the earnings performance of Halliburton in its upcoming release. It is anticipated that the company will report an EPS of $0.75, marking a 4.17% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $5.68 billion, showing a 0.1% escalation compared to the year-ago quarter.HAL's full-year Zacks Consensus Estimates are calling for earnings of $3.43 per share and revenue of $24.32 billion. These results would represent year-over-year changes of +9.58% and +5.67%, respectively.Investors should also pay attention to any latest changes in analyst estimates for Halliburton. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.Our research demonstrates that these adjustments in estimates directly associate with imminent 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.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 last 30 days, the Zacks Consensus EPS estimate has moved 0.03% lower. Halliburton is currently sporting a Zacks Rank of #3 (Hold).Story continuesIn terms of valuation, Halliburton is presently being traded at a Forward P/E ratio of 10.57. Its industry sports an average Forward P/E of 14.23, so one might conclude that Halliburton is trading at a discount comparatively.Also, we should mention that HAL has a PEG ratio of 0.91. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Oil and Gas - Field Services stocks are, on average, holding a PEG ratio of 0.91 based on yesterday's closing prices.The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 157, finds itself in the bottom 38% echelons 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.Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next 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 reportHalliburton Company (HAL) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Why the Market Dipped But Halliburton (HAL) Gained Today

https://finance.yahoo.com/news/why-market-dipped-halliburton-hal-215017283.html

dd99e5dd-2aa0-3f56-9732-82311fa59351

HAL

LIVE DRILLING UPDATE: 03/11/2024 - MCF Energy has just confirmed an active petroleum system at the Welchau-1 well site. The well successfully reached a depth of 1155 meters on March 10 and drilling to the main target is underway with completion anticipated by month end. CEO of MCF Energy James Hill said, "The drilling results so far are very promising, and the indications of gas and heavier hydrocarbons are particularly encouraging for us." Read the full release here.If Germany fails to make up for its winding down of Russian natural gas imports, high-priced LNG imports, delayed nuclear power phaseout, and even restarting of dormant coal plants will be the outcome.The general consensus from German industry and the government is that fossil fuel expansion is still necessary—both for longer-term energy security and, with respect to natural gas, to act as a bridge for the energy transition. That consensus led Berlin, in early February, to earmark $16 billion for the construction of four major natural gas plants to meet electricity demand, in addition to expansion of renewable energies.While Germany has struggled strategically and politically in its effort to balance its climate change goals with its energy security needs, Austria has not only refrained from turning off the Russian gas taps—opting for a gradual approach--but it’s also recently made the country’s largest natural gas discovery in 40 years.Canadian small-cap explorer MCF Energy (TSXV:MCF; OTC:MCFNF) has scooped up previously explored and tested projects in Germany and large prospective targets in Austria at what may be the most significant time in Europe’s energy supply history.Drilling recently launched in Austria (and as of 11th March the company has just confirmed an active petroleum system at the well site, and is planned to start in Germany in April. On the Heels of OMV’s Giant DiscoveryOf key interest here to Europe will be MCF’s initial project in Austria, the  Welchau prospect near the Alps, where drilling will begin in just a few days.Story continuesMCF Energy’s Welchau prospect appears analogous to large anticline structures discovered in the Kurdistan Region of Iraq and the Italian Apennines, and adjacent to an up-dip discovery that intersected a gas column and has a potential for 400 meters of closure. The initial exploration results tested condensate rich for pipeline quality gas.All elements look to be in place for a significant discovery, with a best-estimate technical prospective resource of approximately 807 billion cubic feet of gas, proximity to the national gas pipeline system, and a nearby historic gas discovery.A national gas pipeline network is only 18 kilometers away, making for what could be a short, cheap tie-in option for getting products to domestic markets.MCF will earn a 25% interest for exploration drill costs estimated at 2.55  million euros, which represents MCF’s 50% share in drilling costs.Drilling Down for German Energy SecurityIn Germany, where MCF’s drill heads in April, the company is re-opening an oil and gas play that spans over 100 square kilometers, in the Lech and Lech East concessions.Lech (10 square kilometers) and Lech East (100 square kilometers) concessions hold natural resources riches that have already seen two discoveries and three previous wells drilled. In April, MCF (TSXV:MCF; OTC:MCFNF) will re-enter Mobil’s former Kinsau #1 well, adapting new drilling technology and later horizontal wells to stimulate the hydrocarbons that are already known to exist. MCF Energy is targeting potentially billions of cubic feet of recoverable natural gas—and possibly more, with associated condensate.These shallow wells, cheap to drill, from proven, previously drilled holes could translate into quick cash flow for MCF Energy. And one hit could flare out into multiple development zones for each well.MCF’s Reudnitz concession, a large-scale natural gas prospect initially discovered in 1964, is the third German asset, with MCF stating an independent assessment estimated  118.7 billion cubic feet of natural gas for extraction, noting that the resources are similar to other gas fields in northern Germany with nitrogen also present. MCF also disclosed that the gas in Reudnitz's best estimate (P50) also contains a potential for 1.06 BCF of helium and 4.4 million barrels of oil in a shallower target. Pilot test production using cryogenic technology for targeted helium and methane extraction and nitrogen sequestration is set to begin later this year.The fourth concession in Germany is Erlenwiese, for which 2D seismic has been acquired and is being reprocessed, with 3D on the way, along with AI analysis.The five prospects—in addition to a proprietary database of 10 additional project areas--were acquired when MCF Energy acquired 100% of German Genexco last year.The World’s 4th-Largest Economy, In FocusMCF Energy has adopted a laser focus on Europe’s energy security requirements, which is most significantly emphasized by Germany, the largest economy of the European Union.Germany has seen its bill for oil and gas imports soar since Russia invaded Ukraine. U.S. LNG exports to Europe soared in 2022 and 2023.Expensive LNG is not a sustainable energy security strategy, nor is a return to coal feasible in terms of any reasonable climate change goals. Germany has been busy building grandiose LNG terminals, and is now gunning for big natural gas-powered electric plants, but even those plans will face risk without any domestic supply. MCF Energy (TSXV:MCF; OTC:MCFNF) believes the answer is found in domestic natural gas, the increasingly accepted bridge fuel for a green energy transition. This belief translates into the first new public company with exposure to European natural gas since Russia invaded Ukraine.In our view, the timing is right, especially for natural gas, which Europe has reclassified as sustainable.In July last year, EU lawmakers voted in favor of calling both natural gas and nuclear power “green” or “sustainable” sources of energy, effectively unlocking billions of dollars in private investment and state subsidies for new projects. The justification for classifying this methane-based fossil fuel as “sustainable” is due to its critical role as a bridge fuel for transitioning to renewable energy. In other words, it’s far cleaner than coal and the least damaging fossil fuel to enable a smooth transition to renewables.And risk abounds, in the face of no domestic sources of gas. The LNG supply line is being threatened by a pause on new projects from Washington, and the Red Sea is under attack by the Houthis, threatening to cut off shipments or push prices higher.Against this backdrop, Germany is the prime staging ground for this new bridge fuel investment push, and MCF Energy is just weeks away from drilling and re-entry at Lech, with a CEO that is confident of a hit.Other energy companies to keep an eye on this year:Halliburton Company (NYSE:HAL), a global giant in oilfield services, profoundly impacts the European energy sector through its innovative solutions and dedication to efficiency and sustainability. In Europe, where the energy landscape is rapidly evolving, Halliburton's contributions to oil and gas exploration and production are invaluable. The company's advanced technological offerings, including hydraulic fracturing and shale gas production technologies, align perfectly with Europe's stringent environmental standards and growing emphasis on energy security.Halliburton's emphasis on digital transformation further distinguishes it within the industry. By harnessing the power of big data, AI, and machine learning, Halliburton is at the forefront of optimizing drilling and production processes. This not only leads to enhanced operational efficiency and reduced costs but also significantly lowers the environmental impact of drilling activities, resonating with Europe's ambitious environmental goals. Halliburton's ability to offer more precise, efficient, and sustainable services positions it as a vital partner to the European energy sector, addressing both current needs and future challenges.Halliburton's strategic positioning and technological prowess in Europe represent a unique opportunity. The company's commitment to innovation, coupled with its alignment with Europe's energy and environmental objectives, makes Halliburton a compelling investment choice.Schlumberger Limited (NYSE:SLB), as the premier provider of technology and services to the global oil and gas industry, plays an instrumental role in enhancing the efficiency and sustainability of Europe's energy sector. With a vast array of innovative technologies for reservoir characterization, drilling, production, and processing, Schlumberger supports Europe in maximizing its energy recovery, streamlining costs, and improving the environmental performance of oil and gas operations. The company's unwavering commitment to research and development ensures it remains at the cutting edge of the energy transition, providing solutions that significantly boost the sustainability and productivity of the oil and gas industry across the continent.In Europe, Schlumberger's role extends beyond traditional oil and gas services. The company is actively involved in pioneering solutions for the energy transition, including carbon capture and storage (CCS) technologies, geothermal energy exploitation, and the development of digital platforms that enhance operational efficiencies across the energy sector.Schlumberger's proactive stance on sustainability, combined with its strategic focus on the European market, offers a compelling narrative for growth and resilience. The company's ability to adapt and innovate in response to the evolving energy landscape makes it a prime candidate for those seeking investment opportunities in a company driving the future of the global energy sector.Enbridge Inc.’s (NYSE:ENB) strategic ventures into Europe through significant investments in offshore wind energy projects and energy transportation infrastructure signify a remarkable extension of its operational excellence beyond North American borders. As a leader in the energy sector, renowned for managing the world's most extensive crude oil and liquids transportation system, Enbridge's foray into the burgeoning offshore wind market in Northern Europe underscores its commitment to leading the energy transition towards more sustainable sources.Enbridge's pioneering efforts in carbon capture, utilization, and storage (CCUS) underscore its comprehensive approach to facilitating a sustainable energy transition globally, including in Europe. These initiatives are part of a broader strategy to reduce greenhouse gas emissions and support the integration of renewable energy, highlighting Enbridge's commitment to sustainability and environmental stewardship.By leveraging its expertise in energy infrastructure and actively participating in the development of renewable energy and CCUS projects, Enbridge is not only contributing to reducing the environmental impact of energy systems but is also enhancing energy security and sustainability in Europe and beyond.Golar LNG Limited (NASDAQ:GLNG) is a pioneer in the LNG sector thanks to its innovative floating LNG technology, which has revolutionized the way natural gas is liquefied, stored, and regasified, especially pertinent in Europe's quest for energy diversification and security. By providing flexible LNG solutions that can be deployed closer to demand centers, Golar supports Europe in reducing its dependency on pipeline gas, thereby enhancing the continent's energy resilience. Europe's strategic move towards a greener energy mix, emphasizing reduced carbon emissions, aligns with Golar's initiatives to make LNG shipping more environmentally sustainable.The company's projects, aimed at reducing the carbon footprint of LNG operations, resonate with Europe's stringent environmental policies and the broader global shift towards sustainable energy logistics. Golar's LNG carriers and floating storage and regasification units (FSRUs) offer a cleaner alternative to traditional energy supplies, supporting Europe's transition to a low-carbon economy.Golar LNG presents a strategic entry point into the dynamic LNG market, where environmental sustainability and innovative energy solutions drive future growth and demand, particularly in energy-conscious markets like Europe.Transocean Ltd (NYSE:RIG), with its specialization in deepwater and harsh environment drilling, is essential in unlocking new oil and gas reserves beneath Europe's challenging sea conditions, particularly in the North Sea. The company's commitment to incorporating advanced technology and sustainability into its operations is critical for adhering to Europe's rigorous environmental and safety standards.Transocean's investment in next-generation drillships, which emphasize efficiency and reduced environmental impact, positions it as a leader in sustainable offshore drilling, directly aligning with Europe's goals for cleaner energy extraction methods.As Europe continues to explore offshore resources to secure its energy supply, Transocean's capabilities and technological advancements become increasingly valuable. The company's focus on safety, environmental protection, and operational excellence makes it an attractive partner for European energy projects aiming to balance resource development with environmental stewardship.As Europe seeks to diversify its oil imports amid global market fluctuations, companies like Imperial Oil Limited  (TSX: IMO), known for their efficient and environmentally responsible production methods, could see increased demand for their products. The company's focus on innovation, as demonstrated by its solvent-assisted steam injection technology, positions it as a leader in reducing the environmental impact of oil sands extraction, aligning with European consumers and regulators' growing emphasis on sustainability.Imperial's commitment to shareholder returns, coupled with its strategic initiatives to increase production while lowering emissions, presents a compelling narrative for investors. As Europe continues to adapt its energy policies in favor of more sustainable and secure sources, Imperial's forward-thinking approach and operational excellence could make it an attractive option for European markets seeking high-quality, environmentally conscious oil imports.Pembina Pipeline corp. (TSX:PPL) has diversified portfolio of pipeline and storage facilities, making it a pivotal player in North America's energy infrastructure. While its operations are primarily based in Canada, the global push for cleaner energy sources and the strategic importance of LNG in achieving energy transition goals could see Pembina benefiting from increased demand for its services, including in Europe. The company's involvement in the Cedar LNG project, aimed at exporting LNG to Asian markets, underscores Pembina's capacity to contribute to global LNG supply chains, potentially impacting European energy markets indirectly through global LNG market dynamics.Pembina's resilience in operations, as evidenced by its strong financial performance and commitment to significant projects like Cedar LNG, signals a robust investment opportunity. As Europe explores alternatives to diversify its energy imports and enhance security, Pembina's infrastructure and export capabilities could become increasingly strategic, positioning it as an integral player in the international energy market.Arc Resources Ltd. (TSX:ARX) as a prominent Canadian energy producer, is well-aligned with the global shift towards more sustainable and responsible energy production practices. While Arc's operations are focused in Canada, its commitment to reducing its carbon footprint and implementing innovative environmental practices holds indirect benefits for Europe's energy sector, especially as global markets increasingly favor producers that prioritize sustainability. Europe's stringent environmental standards and commitment to reducing emissions could drive preference for energy imports from companies like Arc, known for their responsible production methods.Arc's active involvement in community and sustainable development initiatives further strengthens its appeal to investors and partners seeking not just financial returns but also positive social and environmental impacts. As European investors and energy companies increasingly look towards sustainable and ethically produced energy sources, Arc Resources presents itself as a forward-thinking company whose values and practices resonate with global energy transition goals, making it an attractive investment for those looking to support the shift towards a sustainable energy future.Tourmaline Oil Corp. (TSX:TOU), standing as Canada's premier natural gas producer, has dynamically engaged in expanding its influence through judicious strategic acquisitions and focused exploration efforts, underscored by a steadfast commitment to operational efficiency and cost-effectiveness. This strategy has not only broadened Tourmaline's operational scope but has also cemented its position as a vanguard of sustainable growth within the energy sector.In the context of Europe's energy sector, Tourmaline's commitment to sustainability and its substantial natural gas production capabilities position it as a potentially key player in supporting the continent's transition to greener energy sources. With Europe increasingly looking to diversify its energy imports amidst a global push for environmental sustainability, Tourmaline's eco-conscious approach to natural gas production could see it becoming an attractive supplier to European markets seeking to reduce carbon emissions and secure reliable, cleaner energy sources.Precision Drilling Corporation (TSX:PD) distinguished as a leader in providing high-performance drilling and completion services, caters adeptly to the modern demands of the global oil and natural gas industry. The company's investment in cutting-edge drilling technologies is a testament to its commitment to operational excellence, efficiency, and safety, aligning perfectly with the industry-wide imperative to minimize environmental impacts while enhancing worker safety across operations.Precision Drilling's initiatives aimed at sustainability, notably through the reduction of emissions and the implementation of advanced energy-efficient systems, underscore the company's proactive stance on environmental stewardship and its alignment with the broader shift towards sustainable energy production practices.By. Charles Kennedy**IMPORTANT! BY READING OUR CONTENT YOU EXPLICITLY AGREE TO THE FOLLOWING. PLEASE READ CAREFULLY**Forward-Looking StatementsThis publication contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking statements in this publication include that high-priced LNG imports, delayed nuclear power phaseout, and even restarting of dormant coal plants will occur if Germany fails to sustainably make up for its winding down of Russian natural gas domestically; that renewable energy cannot yet bridge the gap in the energy transition, and resorting to coal would set things back drastically for the climate; that MCF Energy Ltd. (the “Company”) will complete the planned drilling and testing of its prospects later this year and early next year; that the previous test results of the Company’s projects will be indicative of future success in further drilling and testing; that Company’s projects will be successfully drilled and tested and contain commercial amounts of natural gas, oil and/or other energy resources; that successful drilling and testing on adjacent properties will be indicative of potential for drilling and testing success on the Company’s prospects;  that actual drilling and testing of the Company’s projects will confirm technical prospective estimates; that Europe will have and continue to have a strategic energy problem and price volatility for natural gas will continue to increase; that natural gas will continue to be accepted as a bridge fuel for a green energy transition; that costs for liquified natural gas will remain high and that LNG will not be a sustainable energy security strategy in Europe; that the Company can provide domestic natural gas to Germany and other European economies; that natural gas will remain classified as a sustainable energy source; that the Company’s concessions will be successfully drilled and tested and, if developed, will strengthen German and Austria energy security; that imports of liquified natural gas will not be sustainable for Europe and that European countries will need to rely on domestic sources of natural gas; that the Company expects to obtain significant attention due to its upcoming drilling plans combined with Europe desperate for domestic natural gas supply; that the upcoming drilling on the Company’s projects will be successful; that the Company’s projects will contain commercial amounts of natural gas; that the Company can finance ongoing operations and development; that the Company can achieve its business plans and objectives as anticipated. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information.  Risks that could change or prevent these statements from coming to fruition include that large oil and gas companies will start focusing on the development of domestic natural gas resources; that the natural gas resources of competitors will be more successful or obtain a greater share of market supply; that offshore liquified natural gas assets will be favored over domestic resources for various reasons; that alternative technologies will replace natural gas as a mainstream energy source in Europe and elsewhere; that demand for natural gas will not continue to increase as expected for various reasons, including climate change and emerging technologies; that political changes will result in Russia or other countries providing natural gas supplies in future; that the Company may be able to complete the planned drilling and testing of its prospects later this year and early next year for various reasons; that the previous test results of the Company’s projects may not be confirmed with further drilling and testing; that Company’s projects may fail to contain commercial amounts of natural gas, oil, helium and/or other energy resources; that successful drilling and testing on adjacent properties is not indicative of any potential for drilling and testing success on the Company’s prospects; that Europe may opt for alternative energy sources resulting in a decreased demand for natural gas, even in the event that the Company can develop gas resources; that the Company may be unable to develop and supply a safe, domestic source of energy to European countries; that natural gas may not be reclassified or remain classified as sustainable energy or may be replaced by other energy sources; that the Company may be unable to finance its ongoing operations and development; that the Company can achieve its business plans and objectives as anticipated; that the Company may be unable to finance its ongoing operations and development; that the business of the Company may be unsuccessful for various reasons. The forward-looking information contained herein is given as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.DISCLAIMERSThis communication is for entertainment purposes only. Never invest purely based on our communication. We have not been compensated by MCF Energy Ltd. for this article. While the opinions expressed in this article are based on information believed to be accurate and reliable, such information in our communications and on our website has not been independently verified and is not guaranteed to be correct. The content of this article is based solely on our opinions which are based on very limited analysis and we are not professional analysts or advisors.SHARE OWNERSHIP. The owner of Oilprice.com owns shares of MCF Energy Ltd. and therefore has an incentive to see the featured company’s stock perform well. The owner of Oilprice.com will not notify the market when it decides to buy more or sell shares of MCF Energy Ltd. in the market. The owner of Oilprice.com will be buying and selling shares of this issuer for its own profit. Accordingly, our views and opinions in this article are subject to bias, and we stress that you should conduct your own extensive due diligence regarding the Company as well as seek the advice of your professional financial advisor or a registered broker-dealer before you consider investing in any securities of the Company or otherwise.NOT AN INVESTMENT ADVISOR. Oilprice.com is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. You should not treat any opinion expressed herein as an inducement to make a particular investment or to follow a particular strategy, but only as an expression of opinion. The opinions expressed herein do not take into account the suitability of any investment with your particular objectives or risk tolerance. Investments or strategies mentioned in this article and on our website may not be suitable for you and are not intended as recommendations.ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making any investment. This communication should not be used as a basis for making any investment in any securities. Past performance is not indicative of future results.RISK OF INVESTING. Investing is inherently risky. Do not trade with money you cannot afford to lose. There is a real risk of loss (including total loss of investment) in following any strategy or investment discussed in this article or on our website. This is neither an offer to purchase, nor a solicitation of an offer to sell, subscribe for or buy any securities or the solicitation of any vote in any jurisdiction. No representation is being made as to the future price of securities mentioned herein, or that any stock acquisition will or is likely to achieve profits.Read this article on OilPrice.com

Oilprice.com

Europe’s Secret Weapon In Its Energy War With Russia

https://finance.yahoo.com/news/europe-secret-weapon-energy-war-230000780.html

527d2873-fb09-3b54-a5bb-9a2a9af0355c

HAS

In this article, we take a look at the 30 best board games for families. If you would like to skip our detailed analysis of the board game industry, you can directly go to the 5 Best Board Games for Families.Technology may have replaced multiple entertainment avenues, but board games have managed to hold out for a long time. According to Fortune Business Insights, the global board games industry was valued at $11.08 billion in 2022 and is expected to grow to $26.04 billion by 2030, at a compound annual growth rate (CAGR) of 10.36% over the projected period. While most publications credit the 2020 lockdowns for this growth and revival of the board gaming industry, the market has flourished due to a myriad of other pertinent factors as well. As relevant as the ‘pandemic effect’ is, board games have managed to stay in the limelight through a culmination of several reasons, many of which were revealing their impacts even before the COVID-19 lockdowns. Crowdfunding - The Fuel Behind This Consistent GrowthOne of the most significant impacts has been generated by the crowdfunding platform Kickstarter, which has brought publishing access to indie game designers without needing hefty funding. According to the company’s own data, over 84,000 gaming projects have been launched on the platform since it began in 2009, out of which 40,892 have already reached their funding goal. Kickstarter allows gaming enthusiasts to get early access to exclusive games and enables customers to have a say in the design and subsequent updates. This feedback-mechanism model results in games that are conducive to public demand and responsive to the gamers’ needs. More than 2,300 board gaming projects are about to begin their funding on Kickstarter in the coming months. Gaming connoisseurs can also look at the 15 Best Video Games Coming Out in 2024. Kickstarter is not the only platform making waves in this space; even newbies like Gamefound are generating a considerable impact. Despite being relatively new in the space, the company generated $56 million in board gaming funding in 2023, as per data shared by Polygon. When this is added to the $226.2 million revenue that Kickstart engendered, 2023 can be considered one of the top years for board gaming. Gamefound’s most funded game of 2023 was Nemesis: Retaliation, which generated around $12 million. Several other games raised funds in the $1-4 million bracket. Story continuesCrowdfunding platforms like Kickstarter have helped a plethora of creative projects that might not have been economically feasible otherwise, and they have also led to a rise in the popularity of board game-specific YouTube channels, such as Games4Two and The Dice Tower. As themed and niche board games become more accessible to the everyday consumer; people have something to look forward to in the gaming space. The world’s largest board gaming convention, Internationale Spieltage SPIEL, or the Essen Game Fair, launched over 1,000 games during its 2023 iteration alone, welcoming 193,000 gamers from 85 countries. As board gamers gather for four days to try out hundreds of new games, one idea is reiterated repeatedly: in the 21st century, board games are more than just dice rolls and luck-based turns. Top Trends in the Board Games IndustryGaming giants like Hasbro Inc (NASDAQ:HAS) have been at the forefront of benefitting from the rising trend of themed board games. To ensure people don’t get tired of playing the same version of Monopoly, Hasbro Inc (NASDAQ:HAS) has created over 50 variations of the classic game, including special editions dedicated to Fortnite, Star Wars, and Game of Thrones. Another classic by Hasbro Inc (NASDAQ:HAS), Dungeons & Dragons, will be celebrating its 50th anniversary in 2024, for which the company has planned a year-long celebration beginning in March. According to a company statement published on February 12, the company will be holding events worldwide, offering unique experiences inspired by the game's history. Rich and dynamic events like these enable classic games to stay hyped even years after their original release. The Influence of MediaThe popularity of DnD also points to another rising phenomenon in the board game industry: the role of media. Stranger Things came out in July of 2016 on Netflix Inc (NASDAQ:NFLX), bearing a premise based around the classic role-player game, which many also consider the first of its type. According to the Daily Dot, Google searches for DnD rose 20% during the show's first two seasons and another 50% during later seasons. The creators behind the game also came out with a DnD Stranger Things tie-in version in 2019, just before the show’s third season aired. This unlikely connection between modern media and an older form of entertainment might be surprising, but it has worked wonders for classic games like this one. You can also read about the best fighting video games of all time.Building onto our previous example, DnD is not the only board game that has witnessed a boost due to a popular TV show. According to Fortune Business Insights, chess sales by Goliath Games were up 1,000% in November 2020, while chess sales on eBay witnessed a 215% growth around the same time. These drastic numbers were the product of the Netflix Inc (NASDAQ:NFLX) series The Queen’s Gambit, which came out in October 2020. Another report by the Michigan Journal of Economics states that Chess.com, a popular online site for the game, added a whopping 2.8 million member accounts following the show's release. Thus, in a span of five years, Netflix Inc (NASDAQ:NFLX) contributed to massive growth in two classic board games, which had otherwise become pretty niche. The Diversity in Games TodayAt the end of the day, one of the biggest changes in the board game industry is the addition of diversity. It was harder to feign interest in tabletop gaming when the only available options were the same games that had been on the market for decades, but today, there are new experiences to invest in every day. On top of that, there is a game for every age bracket, interest, and group size. Board games span themes of every category, from communicating with ‘ghosts’ to trading on the stock floor - which means that even those interested in real-world subject matters such as stock trading, real estate, or financial markets, can find tabletop games suited to their passions. Games such as Acquire, Panic on Wall Street, and Raccoon Tycoon are some of the leaders in this category. The fact that these board games are also accessible to younger teens means they can even be enjoyed by the whole family. The bottom line is that the gaming industry has expanded enough that games are not just limited to one avenue anymore. Because games exist on such a vast range of topics now, most people can find a point of entry into board gaming.According to an article published by the Washington Post on December 24, 2022, Elan Lee, the creator of the popular card game Exploding Kittens, mentioned that while classic games are still popular, these new board game ideas have filled a hole in the industry. According to Lee and Rodney Smith, the founder of a YouTube channel dedicated to gaming, before, board games were mainly about brute competition, whereas today, several of them come with a cooperative gameplay mode. This essentially allows families to experience a different kind of gaming world together, enabling them to form memories. All these changing industry trends have made board gaming a wholesome family experience again, leading to a rise in the demand for the best board games for families to enjoy together. Let's now take a look at the 30 best board games for families.30 Best Board Games for Families30 Best Board Games for FamiliesOur MethodologyFor the purpose of ranking the best board games for families, we looked through over 10 online rankings to develop a list of the 40 best games. We also scanned BoardGameGeek, a leading board game review website, along with the best-selling family board games on Amazon. We narrowed down our list to 30 games that had the highest number of ratings and ranked highly on both Amazon and BoardGameGeek (BGG). The list has been ordered in descending order based on the average of these two rankings. Wherever required, ties were broken based on the total number of Amazon ratings. Note that the BoardGameGeek rating is out of ten, whereas the Amazon rating is out of five. The average of the two rankings was computed after adjusting the BGG rankings to be on the same scale as the Amazon ones. Based on this methodology, here are the best board games for families to play together.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.30 Best Board Games for Families30. CrokinoleBGG Ranking: 8.03Amazon Ranking: 4.3Average: 4.15Crokinole is one of the only ‘traditional’ games that still make it onto this list of the best board games for families. According to BoardGameGeek, Crokinole was first introduced in 1876 and can be played with children aged eight and above. Because the game dates far back, there are several gameplay variations, enabling players to choose a method that they enjoy best. The classic rules are laid out by the National Crokinole Association, providing a starting point for those who are just getting introduced to the game. 29. Codenames DuetBGG Ranking: 7.45Amazon Ranking: 4.6Average Ranking: 4.16Codenames is a party guessing game where the players are split into teams of two. Each team has a spymaster whose purpose is to help their team guess certain words with the help of particular clues. The game is published by Czech Games Edition in several different versions. While the classic variation accommodates more players, the Duet version ranks better on both Amazon and BGG. The latter is supposed to be played between two players, but it also allows players to play against the game itself as a single team, incorporating a cooperative element. Other pop culture tie-in versions of the game are published by USA-opoly, such as editions featuring Disney, The Simpsons, Harry Potter, and Marvel. 28. The Taverns of TiefenthalBGG Ranking: 7.58Amazon Ranking: 4.6Average Ranking: 4.19The Taverns of Tiefenthal is published by Schmidt Spiele, a German game manufacturer, and combines deck building and worker placement. The game is suitable for 2-4 players and has a playtime of at least 60 minutes, making it perfect for longer game nights. Even though it is ranked as one of the best board games for families, it is lower on the list because the game involves a lot of luck. Despite that, the theme is original, and the various modules mean that players can make the game as simple or intriguing as they want. 27. Fantasy RealmsBGG Ranking: 7.52Amazon Ranking: 4.7Average Ranking: 4.23Fantasy Realms, published by WizKids, is a game for 2-6 players with an average playing time of 20 minutes, making this one of the best family board games for quick game nights. The game won the 2021 Fairplay À La Carte Award and was also nominated for Kennerspiel des Jahres (expert game of the year) in the same year. Fantasy Realms is essentially a card-building game where each player is tasked with creating the strongest kingdom. 26. CarcassonneBGG Ranking: 7.41Amazon Ranking: 4.8Average Ranking: 4.252Hans im Glück published the original version of Carcassonne in German in 2000, and the game was later released in English by Rio Grande Games and Z-Man Games. It is considered one of the best gateway games for younger children because the gameplay doesn’t involve complicated elements and yet encourages critical thinking and strategic decision-making skills. The game has over 100,000 reviews on BoardGameGeek and has received six awards in the board gaming industry while being nominated for several others. 25. KLASKBGG Ranking: 7.63Amazon Ranking: 4.7 Average Ranking: 4.257KLASK is a board game combining air hockey and foosball. Players use magnets to steer their piece to the opponent’s side of the board in order to score points. The game has an average rating of 4.7 across 7,103 Amazon reviews. There are no complicated rules to learn or cards to distribute; the simple playing mechanism makes for quick gameplay on family game nights, which is why KLASK is rated as one of the best family board games. 24. Horrified BGG Ranking: 7.66Amazon Ranking: 4.7 Average Ranking: 4.265Horrified is another cooperative game where players compete against some of the most well-known monsters in the world, trying to defeat them each. The game can be played solo or with up to four other players. Typical gameplay lasts 60 minutes, and the game is recommended for children aged ten and above. It is one of the best family board games to try in 2024. 23. The Quest for El DoradoBGG Ranking: 7.67Amazon Ranking: 4.7 Average Ranking: 4.267The Quest for El Dorado is a racing board game published by Ravensburger, a market leader in the European gaming industry. Players use a deck-building mechanism to race around the board, which makes this one of the best board games for families. The game has around 24,000 reviews on BGG and can be played within 30-60 minutes. The player number range is from 2 to 4. 22. JaipurBGG Ranking: 7.49Amazon Ranking: 4.8 Average Ranking: 4.27Jaipur is published by Asmodee, a French company that is currently one of the leading game publishers in the industry, having released several popular games such as 7 Wonders, Catan, and Citadels. In Jaipur, players assume the roles of merchants and engage in trading endeavors to receive points. Shut Up and Sit Down, a leading board game reviewer, has praised the game for having depth as well as a quality of simplicity that makes it easily accessible for new players.21. Stone AgeBGG Ranking: 7.53Amazon Ranking: 4.8 Average Ranking: 4.282The English version of Stone Age is published by Z-Man Games, and the game has been rated over 52,000 times on BGG. Stone Age is primarily a worker placement game in which players earn points and gather resources to come up top. Average gameplay can last up to 90 minutes, yet the variety of mechanisms within the game prevent it from getting boring. 20. PandemicBGG Ranking: 7.54Amazon Ranking: 4.8 Average Ranking: 4.285Pandemic is one of the most popular modern board games, with a whopping 18,000 reviews on Amazon and 123,000 on BoardGameGeek. It’s considered a family board game because of its cooperative gameplay, which requires players to work together to beat the game. The game is published by Z-Man Games and has won many prestigious board game awards since it first came out in 2008. Players form a team against several viral diseases that have broken out worldwide, trying to eradicate them each. The game has three expansions, all adding new features and allowing for an extra player.19. Space Base BGG Ranking: 7.55Amazon Ranking: 4.8 Average Ranking: 4.287Space Base is one of the most engaging games on this list because every player gets to take action regardless of who rolled the dice, so players can interact with all turns in the game. The game is quick to learn but is more suitable for kids aged 14 or older, so it’s one of the best family board games for teens and adults. Space Base is also highly replayable because of the variety of outcomes, so families can get multiple hours of entertainment from just one game.18. That's Pretty CleverBGG Ranking: 7.58Amazon Ranking: 4.8 Average Ranking: 4.29That’s Pretty Clever is a dice drafting game where players use several combinations to score the highest number of points. The game doesn’t have complicated rules and yet balances strategy with quick thinking to make for challenging gameplay. On average, gameplay can last for 30 minutes, and according to most reviews, the game works well with any number of players between 1 and 4. 17. Century: Golem BGG Ranking: 7.6Amazon Ranking: 4.8 Average Ranking: 4.3Plan B Games is the distributor behind the Century board game. The original trilogy begins with Century: Spice Road and doesn’t include the Golem editions, which came out later. Yet, these versions are rated higher on BGG as a family-friendly board game. The gameplay is exactly the same in the Golem edition as in the original version, with the only difference being in the theme and aesthetics of the game. 16. Patchwork BGG Ranking: 7.6Amazon Ranking: 4.8 Average Ranking: 4.3Patchwork is one of the most popular modern board games because it took a niche hobby and made its aesthetics accessible to a broader population. In this two-player game, players collect various tiles to complete their patchwork quilts, with the goal being to create a high-scoring combination. The gameplay is not highly competitive, providing a relaxing environment for family board game nights. A round can be played in as little as 15 minutes, which also makes this a brilliant filler game. 15. CartographersBGG Ranking: 7.62Amazon Ranking: 4.8 Average Ranking: 4.31Cartographers is a roll-and-write board game published by Thunderworks Games in 2019. The game can be played with as many players as one wants, which is why it is one of the best family board games. The simple rules make Cartographers accessible to younger children as well. The game has around seven expansions, adding variety and challenges to the core gameplay. 14. PARKS BGG Ranking: 7.68Amazon Ranking: 4.8 Average Ranking: 4.32One of the best things about the modern board gaming industry is exemplified by the game PARKS: the diversity of themes. In PARKS, players act as hikers across trails during various seasons, trying to gain the highest number of points in the process. The game is highly revered for its beautiful artwork and features illustrations from fifty-nine national parks in the United States.13. 7 WondersBGG Ranking: 7.69Amazon Ranking: 4.8 Average Ranking: 4.3227 Wonders has been reviewed by over 103,000 people on BGG, making it one of the highest-rated family board games. The game can be played between 2-7 players and functions as a card development game. The goal is to gather the most points through cards and other features. Average gameplay lasts 30 minutes, which is another reason the game is famous for family game nights. 12. The Isle of CatsBGG Ranking: 7.71Amazon Ranking: 4.8Average Ranking: 4.327The Isle of Cats is a board game with a considerable competitive element and can be played between 1-4 players. Using expansions, the player count can go up to 6. The gameplay is based on rescuing cats, and the goal is to collect the highest number of points, which can be done in several ways. This is one of the family board games with a longer game time, which can reach 90 minutes at a time. 11. Ticket to RideBGG Ranking: 7.53Amazon Ranking: 4.9 Average Ranking: 4.332Ticket to Ride is one of the most reviewed games on this list, with over 25,000 reviews on Amazon and 74,000 on BGG. The game came out in 2004, which makes it one of the pioneers of the modern era of board games. According to Brighten Up Toys and Games, Ticket to Ride has sold over 8 million copies around the globe. There are several versions of the classic game, each focusing on a different geographical location or era, providing a great variety within the same gaming universe. 10. AzulBGG Ranking: 7.75Amazon Ranking: 4.8 Average Ranking: 4.337Azul is one of the simplest family board games on this list. Players take turns drafting tiles on their personal boards, based on which they’re scored at the end of the game. The publishers have come out with three new variations, as well as two expansions for these variations. The premise in each version is the same, with the difference being mostly in the placement mechanism. The original Azul version has around 87,000 reviews on BoardGameGeek.09. Camel UpBGG Ranking: 7.58Amazon Ranking: 4.9 Average Ranking: 4.34Pegasus Spiele published Camel Up in 2014, and the game can be played between 2-8 players. It is a strategy board game where players place bets on camels involved in a race, trying to determine which will win first. The game is based relatively on chance and offers lightweight gameplay that can be enjoyed anytime. According to a review by Shut Up and Sit Down, the game provides surprising twists and turns despite being simple, which keeps things interesting on the board gaming table. 08. The Quacks of QuedlinburgBGG Ranking: 7.83Amazon Ranking: 4.8 Average Ranking: 4.35In Quacks of Quedlinburg, players play as ‘quack’ doctors, who’re tasked with creating their own mixture of ingredients. Reviews on BoardGameGeek have called this a great gaming option for kids, which makes it one of the best board games for families. The game was first published in 2018 by Schmidt Spiele. 07. Clank!BGG Ranking: 7.78Amazon Ranking: 4.9 Average Ranking: 4.39Three separate versions of this deck-building game are ranked within the top 20 family board games on BoardGameGeek: the original, Clank!: Catacombs, and Clank! In! Space!. The original version came out only in 2016, emphasizing how quickly the game has popularized. Collectively, the three versions have around 59,000 reviews on BoardGameGeek. 06. EverdellBGG Ranking: 8.03Amazon Ranking: 4.8 Average Ranking: 4.40Everdell is another board game praised for its illustrious artwork, and it is the sixth-best board game for families. Even though players are primarily engaged in playing their own games, the gameplay still allows for a lot of indirect player interaction, keeping them engaged at all times. The game was released in 2018 by Starling Games. Click to continue reading and see the 5 Best Board Games for Families.Suggested Articles:20 Most Valuable Video Game Companies in the World50 Best Heist Movies of All Time25 Most Valuable Entertainment Companies in the WorldDisclaimer: None. 30 Best Board Games for Families is originally published on Insider Monkey.

Insider Monkey

30 Best Board Games for Families

https://finance.yahoo.com/news/30-best-board-games-families-110715869.html

008786e1-9699-38f5-a16e-522c672f4fa3

HAS

The reviews are in, and Dungeons and Dragons (DND) is a hit!According to movie review site Rotten Tomatoes, last year's Dungeons & Dragons: Honor Among Thieves (HAT) fantasy flick won a 91% rating from critics, and 93% approval from audiences -- and collected $93.2 million in U.S. box office receipts. BoxOfficeMojo points out that, when you add in global box office figures, that number swells to $208.2 million.But that probably wasn't enough cash to make HAT profitable for Paramount (NASDAQ: PARA), its distributor. The movie reportedly cost $150 million to produce, and the movie industry's rule of thumb is that marketing costs generally double a film's final budget -- meaning Paramount needed the movie to rake in $300 million-plus to earn a decent profit.Despite this disappointment, it seems Paramount is ready to roll the dice on DND once more. Here's what you need to know.1. Paramount has broken the DND curseHonor Among Thieves was actually the fourth movie in the DND line. A previous trilogy of DND movies, each distributed by a different company, all bombed at the box office -- averaging only 25% positive reviews on Rotten Tomatoes. HAT, however, was different.HAT may not have made money on its first attempt -- but only because it was competing for moviegoer dollars against the juggernaut that was The Super Mario Bros. Movie, which hoovered up $1.4 billion at the box office. Recognizing this, Paramount has reportedly agreed to partner with DND brand-owner Hasbro (NASDAQ: HAS) on a new project to produce an eight-episode run of a live-action DND television show, to play on the Paramount+ streaming service.There, DND will join at least one other successful live-action series based on a game. Halo on Paramount+ is already garnering 90%-plus ratings from critics on Rotten Tomatoes.It will also attempt to duplicate the success of a separate, small-screen DND-based series, the Legend of Vox Machina cartoon that runs on Paramount rival Amazon's Prime Video service (and scores a perfect 100% from Rotten Tomatoes-polled critics).Story continues2. A second DND movie may be in the worksNo date has yet been set for when a DND series might air on Paramount+. But assuming it does run, and assuming it performs as well on Paramount's streaming service as Halo already has, this could set the stage for a second attempt at a successful DND movie.According to a story on ScreenRant last year, actor Chris Pine, one of the stars in the original (i.e., fourth) DND film, confirms that not only has he heard "rumors" that a second HAT movie is in the works, but he's "confident" it may happen, and will "absolutely" sign on to reprise his character, Edgin, in such a movie.3. This could be great news for HasbroWhile Honor Among Thieves' failure to earn a profit was certainly disappointing, it makes sense that Paramount would attempt a second roll of the dice. Around the world, some 50 million fans are already avid players of DND. That's 67% more players than are logged on to Microsoft's Halo Infinite video game service -- a big, established fan base that should be easy to convert into paying customers for movie theaters and for Paramount's streaming service alike.As for Hasbro, that company is still best known for its toys and board games, which provide the bulk of its $5 billion in annual revenue. But this "consumer products" division didn't earn a profit last year, and even when it was profitable (in 2022, for example), has tended to earn profit margins only a fraction of the incredibly profitable Hasbro Wizards of the Coast (WotC) division, which makes DND.According to data from S&P Global Market Intelligence, in 2022, WotC earned Hasbro a gargantuan 36% operating profit margin on its sales. Seeing as consumer products' margin was just 5.5%, it makes sense that Hasbro would want to place more bets on DND as a source of future revenue growth.Admittedly, this bet may not succeed. Hasbro's film and TV division, dubbed "entertainment," has a pretty spotty record -- losing money more often than not. But right now, DND remains the sharpest arrow in Hasbro's quiver, and its best chance of turning things around in entertainment.Therefore, it makes sense that Hasbro would pull that arrow out and give it another shot.Should you invest $1,000 in Paramount Global right now?Before you buy stock in Paramount Global, 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 Paramount Global 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 February 26, 2024John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon and Microsoft. The Motley Fool recommends Hasbro 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.Paramount and Hasbro: A Match Made in Heaven? 3 Things Investors Should Know About Their Latest Partnership. was originally published by The Motley Fool

Motley Fool

Paramount and Hasbro: A Match Made in Heaven? 3 Things Investors Should Know About Their Latest Partnership.

https://finance.yahoo.com/news/paramount-hasbro-match-made-heaven-173000854.html

d41c753d-f73a-334d-927d-41ec1306077a

HAS

After a punishing year, the maker of Nerf balls and Play-Doh is looking for big savings in its production process to reinvest in its toy and game business, says Finance Chief Gina Goetter.Continue reading

The Wall Street Journal

Hasbro’s CFO Sharpens Focus on Cost Savings as Toy Shoppers Pull Back

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dc6da2e5-77a6-320f-a100-f6241478ed9c

HAS

Dividend stocks are a staple of many people’s portfolios. The steady quarterly or monthly income is a great piece of an overall portfolio that can help people meet key financial challenges.But not all dividend stocks offer the same level of safety. Dividend cuts are a sad reality of the industry. And companies’ dividends enter the danger zone when they are businesses facing a structural decline in their industry’s outlook.These three dividend stocks appear to have serious questions about the stability of their earnings and dividends going forward.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBoston Properties (BXP)Closeup of mobile phone screen with logo lettering of boston properties, stock market chart background. BXP stock.Source: Ralf Liebhold / ShutterstockBoston Properties (NYSE:BXP) is a real-estate investment trust (REIT) focused on office properties. Traditionally, it has concentrated in top-tier office markets such as Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC.However, since 2020, even these formerly bulletproof markets have come under strain. We’ve seen huge losses taken in prestigious office properties around the country. In San Francisco, for example, offices are selling for as much as 75% below pre-pandemic prices. The New York commercial real estate market, meanwhile, saw 2023 become its worst year since the 2008 Financial Crisis.All this to say that the office market is facing a long-term structural retrenchment. With the rise of remote work and hybrid arrangements, demand for offices has dropped considerably. Even with the economy humming, office demand simply isn’t back to 2019 levels. In a recession, things could get downright grim for the sector.Boston Properties is still paying a 6.1% dividend yield for the time being. But given the need to reposition office properties for the new economic reality, it wouldn’t be at all surprising if Boston Properties cuts its dividend to save that capital for capital expenditures on its properties. Just as the mall real estate sector became dramatically impaired in the 2010s, it seems offices are now a challenged asset class and thus no longer safe plays for dividend investors.Story continuesInternational Paper (IP)A photo of several large rolls of paper in a warehouse.. RFP stock makes paper products.Source: Mark ONCE / Shutterstock.comInternational Paper (NYSE:IP) is a company which makes packaging along with pulp that goes into end products like diapers, towels, and tissues.The company is doing its best to adapt to the times. But, as with Boston Properties, there is a general decline in demand as people spend less time in offices and route more activity through digital workflows. International Paper generated $24 billion in revenues in 2014; that has fallen to $19 billion in 2023.Not surprisingly, profits have been stagnant given the drop in revenues. For 2024, analysts see the company bringing in $2.17 per share in earnings. That only barely will cover the firm’s budgeted $1.85 per share in dividends. While the 5.3% dividend yield may seem nice, it is only marginally covered out of earnings. In a recession, it seems quite possible that International Paper might resort to slashing its dividend.Hasbro (HAS)The Hasbro (HAS) logo with several of the brand's characters behind it is on display in a convention hall.Source: ShutterstockHasbro (NYSE:HAS) is a toys and games company. It makes traditional toys and games along with digital entertainment products and its Wizards of the Coast division which creates trading cards and role-playing games.Investors have long been circling around Hasbro, arguing the company’s assets should be worth more. In theory, could well be true. Wizards of the Coast, in particular, could be a valuable standalone asset though it is facing layoffs right now.In any case, a series of missteps have caused Hasbro to fail to live up to its potential. The company’s revenues have slumped from $6.0 billion in 2021 to $5.0 billion in 2023 and further declines are expected in 2024.Hasbro is on a major restructuring spree right now and is trying to turn things around. That may or may not work out. But one thing is clear: The company’s 5.7% dividend yield seems overly generous given its struggling business operations. It could be a prudent move for the company to cut the dividend to save those funds for its core operations.On the date of publication, Ian Bezek did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.Ian Bezek has written more than 1,000 articles for InvestorPlace.com and Seeking Alpha. He also worked as a Junior Analyst for Kerrisdale Capital, a $300 million New York City-based hedge fund. You can reach him on Twitter at @irbezek.More From InvestorPlaceChatGPT IPO Could Shock the World, Make This Move Before the AnnouncementMusk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In.It doesn’t matter if you have $500 or $5 million. Do this now.The post Danger Zone: 3 Dividend Stocks to Steer Clear of Now appeared first on InvestorPlace.

InvestorPlace

Danger Zone: 3 Dividend Stocks to Steer Clear of Now

https://finance.yahoo.com/news/danger-zone-3-dividend-stocks-200847109.html

bfbe2f61-a1f7-3754-8788-d1b02bc00781

HBAN

Strengths highlight Huntington's robust suite of digitally powered financial solutions and leading position in SBA lending.Weaknesses underscore potential credit risks and economic condition vulnerabilities.Opportunities emphasize the potential for growth through digital innovation and market expansion.Threats include intense competition from traditional financial institutions and emerging FinTechs.Warning! GuruFocus has detected 3 Warning Sign with HBAN.On February 16, 2024, Huntington Bancshares Inc (NASDAQ:HBAN) filed its 10-K report, providing a comprehensive overview of its financial performance and strategic positioning. As a regional bank holding company with a rich history dating back to 1866, Huntington has established a significant presence in the Midwestern United States. The company's financial tables reveal a solid foundation, with an Allowance for Credit Losses (ACL) of $2.4 billion as of December 31, 2023, indicating a proactive approach to managing credit risk. Huntington's strategic realignment into two primary business segmentsConsumer & Regional Banking and Commercial Bankingreflects its commitment to delivering a complete set of banking products and services with exceptional service. The bank's emphasis on digital innovation and customer-centric products, such as its "Fair Play" banking philosophy, positions it well in a competitive landscape. However, the bank must navigate potential credit risks, economic uncertainties, and fierce competition to maintain and enhance its market position.Decoding Huntington Bancshares Inc (HBAN): A Strategic SWOT InsightStrengthsBrand Power and Customer-Centric Products: Huntington Bancshares Inc (NASDAQ:HBAN) has cultivated a strong brand identity through its "Fair Play" banking philosophy, which includes customer-friendly products like 24-Hour Grace and Asterisk-Free Checking. This approach has resonated with consumers and businesses, aiding customer acquisition and retention. The bank's suite of products, such as Standby Cash and Huntington Heads Up, demonstrates a focus on innovation and customer advocacy, which are crucial in differentiating Huntington in a crowded market. Additionally, the bank's position as the #1 SBA lender in the nation by loan volume as of federal fiscal year-end September 30, 2023, underscores its strength in small business lending and commitment to supporting the growth of its clients.Story continuesDigital Innovation and Market Presence: Huntington's investment in digitally powered consumer and business financial solutions has positioned it as a leader in digital banking innovation. The bank's comprehensive online and mobile banking platforms cater to the evolving needs of customers, enhancing convenience and accessibility. Furthermore, Huntington's extensive branch and ATM network across key Midwestern states provide a solid physical presence that complements its digital offerings. This dual approach ensures a broad reach and caters to diverse customer preferences, reinforcing the bank's market presence and competitive advantage.WeaknessesCredit Risk Management: Despite a robust ACL of $2.4 billion, Huntington Bancshares Inc (NASDAQ:HBAN) acknowledges that its credit loss level may not always be adequate to cover future losses. The bank's financial health is closely tied to the creditworthiness of its customers, and any unanticipated adverse changes in the economy or specific industries could materially affect its net income and capital. This potential vulnerability highlights the need for Huntington to continuously refine its credit risk management strategies to safeguard against fluctuating economic conditions and market dynamics.Dependence on Economic Conditions: Huntington's performance is susceptible to economic uncertainties, including inflation, rising interest rates, and supply chain issues. These factors could lead to decreased demand for loans and other services, increased customer delinquencies, and a higher level of non-performing assets (NPAs). As the markets Huntington serves are heavily reliant on industrial and manufacturing businesses, the bank must remain vigilant and adaptable to mitigate the impact of economic downturns on its operations and financial stability.OpportunitiesExpansion of Digital Capabilities: The ongoing digital transformation in the banking industry presents significant opportunities for Huntington Bancshares Inc (NASDAQ:HBAN) to further enhance its digital capabilities. By continuing to develop innovative solutions, such as Huntington ChoicePay, the bank can attract tech-savvy customers and meet the growing demand for seamless digital banking experiences. Additionally, leveraging data analytics and artificial intelligence can lead to more personalized services, fostering deeper customer relationships and driving revenue growth.Market Expansion and Diversification: Huntington has the potential to expand its footprint beyond its core Midwestern states, tapping into new markets and customer segments. Strategic partnerships or acquisitions could accelerate this expansion, providing access to new revenue streams and diversifying the bank's portfolio. Moreover, Huntington's expertise in specific industry verticals, such as healthcare and technology, allows for targeted growth initiatives that can capitalize on industry-specific trends and demands.ThreatsIntense Competition: Huntington Bancshares Inc (NASDAQ:HBAN) operates in a highly competitive financial services landscape, contending with traditional banks, credit unions, and non-bank lenders. The rise of Financial Technology Companies (FinTechs) poses an additional threat, as they offer innovative and often more cost-effective alternatives to traditional banking services. To maintain its competitive edge, Huntington must continue to invest in customer service, product development, and technology to meet the evolving expectations of its customers.Regulatory and Legislative Changes: The financial industry is subject to stringent regulatory oversight, and any changes in legislation or regulations could impact Huntington's operations. For instance, the Economic Growth Act and the Tailoring Rules could alter the competitive dynamics by reducing the regulatory burden on certain large bank holding companies. Huntington must stay abreast of regulatory developments and adapt its strategies accordingly to ensure compliance and competitive viability.In conclusion, Huntington Bancshares Inc (NASDAQ:HBAN) exhibits a strong foundation with its customer-centric approach, digital innovation, and market presence. However, it must navigate credit risks, economic sensitivities, and intense competition to sustain growth. Opportunities for digital expansion and market diversification present promising avenues for Huntington to explore, while the bank must remain vigilant against the threats posed by a dynamic regulatory environment and the riseThis 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 Huntington Bancshares Inc (HBAN): A Strategic SWOT Insight

https://finance.yahoo.com/news/decoding-huntington-bancshares-inc-hban-051405306.html

9ea078b4-3891-32d6-81cb-9912a13cae44

HBAN

COLUMBUS, Ohio, Feb. 20, 2024 /PRNewswire/ -- Huntington Bancshares Incorporated (Nasdaq: HBAN) will participate in the RBC Capital Markets 2024 Global Financial Institutions Conference on Wednesday, March 6, 2024.  Zach Wasserman, chief financial officer, is scheduled to present to analysts and investors at 10:40 AM (Eastern Time). He will discuss business trends, financial performance, and strategic initiatives. The presentation will include forward-looking statements.Huntington Bancshares Incorporated logo (PRNewsfoto/Huntington Bancshares Incorpora)Webcast InformationInterested investors may access the live audio webcast in the investor relations section of Huntington's website (www.huntington-ir.com).  A replay of the webcast will be archived on the website.About HuntingtonHuntington Bancshares Incorporated (Nasdaq: HBAN) is a $189 billion asset regional bank holding company headquartered in Columbus, Ohio. Founded in 1866, The Huntington National Bank and its affiliates provide consumers, small and middle–market businesses, corporations, municipalities, and other organizations with a comprehensive suite of banking, payments, wealth management, and risk management products and services. Huntington operates approximately 1,000 branches in 11 states, with certain businesses operating in extended geographies. Visit Huntington.com for more information.CisionView original content to download multimedia:https://www.prnewswire.com/news-releases/huntington-bancshares-to-present-at-the-rbc-capital-markets-2024-global-financial-institutions-conference-302066495.htmlSOURCE Huntington Bancshares Incorporated

PR Newswire

Huntington Bancshares to Present at the RBC Capital Markets 2024 Global Financial Institutions Conference

https://finance.yahoo.com/news/huntington-bancshares-present-rbc-capital-210500807.html

7a7f0a94-0e3c-34c2-bcb6-306c8723f3be

HBAN

Huntington Bank will extend its commercial banking presence deeper into the Lone Star State after launching in the Dallas-Forth Worth area early this year.Local banking industry veteran Clint Bryant will lead Texas as its market president. Bryant took the job in January.“We're one of the biggest and one of the fastest-growing markets in the country. Texas is one of the largest economies in the world — it's the eighth-largest economy in the world if you just look at Texas on a stand-alone basis — and so there's this tremendous amount of opportunity,” Bryant said, regarding what would attract an out-of-state bank to Texas growth. “There's a tremendous [number] of companies and individuals continuing to move into the state, it's very business friendly, and so it's obviously just an attractive market for what we're trying to build,” he added.This isn’t an expansion, Bryant said, but ran extension for Huntington, which has more than 160 employees throughout the state in segments including corporate banking, automotive finance and Small Business Administration lending.Scott Kleinman, president of Huntington’s commercial bank, said the bank’s mission is to “help businesses throughout Texas thrive.”“Having an industry veteran like Clint at the helm of our efforts will ensure we’re meeting the unique needs of middle-market companies,” Kleinman said.Bryant joined Huntington from Texas Capital Bank, where he was most recently managing director and Dallas market president. Prior to his four-year stint at Texas Capital, he spent six years at SunTrust Robinson Humphrey, two at Fifth Third and six at Wells Fargo in leadership positions, according to his LinkedIn.“There are very few opportunities that you get where you can be with a firm that has the culture and the legacy of Huntington,” Bryant said. “Obviously, it's been around since 1866. It has a great reputation, has a great culture, and that was what attracted me first to the opportunity. Story continues“Couple that with the size and scale and capability set that Huntington brings to companies in this marketplace, [and] that differentiates [the bank] from others.”While the commercial bank is planting roots in Dallas, branching out within the state is imminent. Bryant’s team hasn’t yet pinpointed the next location. He has, however, made three Dallas-based hires. Caleb Allen, a senior executive relationship manager, joins from Regions. David Surritte, a commercial relationship manager, come to Huntington from Capital One. And Daniel Walsh, Huntington’s Dallas commercial market leader, joins from Fifth Third.“The build is something I've always enjoyed,” Bryant said. “I started in SunTrust in 2013, when they didn't have a presence in Texas and built teams out in Dallas and the Houston markets, so I've done that before. “Again, it's a good market for not only companies but for talent, and I think we'll be able to attract both,” Bryant said.Huntington’s Texas commercial banking push comes just three months after a similar effort in the Carolinas. This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter.

Banking Dive

Huntington dives deeper into Texas

https://finance.yahoo.com/news/huntington-dives-deeper-texas-120203364.html

1172f2e1-f1b7-35cb-a788-7e36d1422bbd

HBAN

Huntington Bancshares Incorporated HBAN plans to expand its commercial banking business in Texas to further extend its reach in the Lone Star State. This was followed by the company’s expansion efforts in the Dallas-Fort Worth area earlier this year. Currently, Texas is one of the biggest and fastest-growing markets in the United States. On a stand-alone basis, Texas holds the eighth position among the world’s largest economies, providing a tremendous number of opportunities for out-of-state banks that are seeking growth.Clint Bryant (managing director and Texas market’s president) stated, “Again, it's a good market for not only companies but for talent, and I think we'll be able to attract both.”Texas is a very business-friendly state, which attracts a significant number of companies and individuals to move into the state, leading to a substantial inflow of newcomers. Hence, Texas presents an attractive market for HBAN’s growth objectives. Markedly, Huntington has been expanding its footprint and capabilities in a number of verticals through acquisitions in the past few years. In 2022, the company acquired Capstone Partners to bolster its capital market business and Torana to enhance its digital capabilities and enterprise payments strategy.In 2021, HBAN completed the merger with TCF Financial to form one of the top 25 U.S. bank holding companies. The acquisition strengthened Huntington’s position in existing markets, established presence in new markets and combined complementary businesses, which will further enable it to realize meaningful revenue synergies and fuel growth.Primarily driven by strategic acquisitions and expansions, the bank’s total deposits witnessed a four-year compound annual growth rate (CAGR) of 16.4% (2019-2023). Additionally, driven by a strong performance of the commercial and consumer portfolios, the total loan balance saw a four-year CAGR of 12.8% in 2023. Management expects loans to grow in the range of 3-5% in 2024. Concurrently, deposits are anticipated to grow in the range of 2-4% on the back of sustained client acquisition and deepening primary bank customer relationships.These efforts to grow inorganically will continue to support the bank further to gain significant market share and enhance its profitability. However, continued long-term investments in key growth initiatives are expected to keep its expenses elevated.Story continuesOver the past three months, HBAN’s shares have gained 13.9% compared with the industry’s growth of 5.9%.Zacks Investment ResearchImage Source: Zacks Investment ResearchCurrently, HBAN carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Other Finance Firms Taking Similar StepsMorgan Stanley MS recently announced the opening of a new office in Abu Dhabi with the aim of enhancing its presence in the Middle East region. This move aligns with MS’ strategic focus on United Arab Emirates with new opportunities in the capital markets business.In February, Sumitomo Mitsui Financial Group, Inc. SMFG announced that it is considering further expansion of its alliance with the U.S. investment bank Jefferies Financial Group Inc. JEF. Per a Bloomberg report, SMFG’s new CEO, Toru Nakashima, is mulling to further widen the bank’s alliance with JEF into Asia in an effort to compete with its Japan rivals, who have been moving rapidly to build out their investment banking overseas.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 reportMorgan Stanley (MS) : Free Stock Analysis ReportHuntington Bancshares Incorporated (HBAN) : Free Stock Analysis ReportJefferies Financial Group Inc. (JEF) : Free Stock Analysis ReportSumitomo Mitsui Financial Group Inc (SMFG) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Huntington (HBAN) Intends to Expand Its Footprint in Texas

https://finance.yahoo.com/news/huntington-hban-intends-expand-footprint-152700223.html

5136b713-0815-3683-a542-476652c1c5b4

HCA

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about HCA Healthcare (HCA) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.HCA currently has an average brokerage recommendation (ABR) of 1.60, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 20 brokerage firms. An ABR of 1.60 approximates between Strong Buy and Buy.Of the 20 recommendations that derive the current ABR, 13 are Strong Buy and two are Buy. Strong Buy and Buy respectively account for 65% and 10% of all recommendations.Brokerage Recommendation Trends for HCABroker Rating Breakdown Chart for HCACheck price target & stock forecast for HCA here>>>While the ABR calls for buying HCA, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations.In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.Story continuesZacks Rank Should Not Be Confused With ABRIn spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors 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.In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices.Should You Invest in HCA?Looking at the earnings estimate revisions for HCA, the Zacks Consensus Estimate for the current year has increased 4.6% over the past month to $20.37.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 HCA. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Therefore, the Buy-equivalent ABR for HCA 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 reportHCA Healthcare, Inc. (HCA) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Is It Worth Investing in HCA (HCA) Based on Wall Street's Bullish Views?

https://finance.yahoo.com/news/worth-investing-hca-hca-based-143009840.html

6edbf8f5-4d79-3815-9622-429704dfea30

HCA

HCA Healthcare (HCA) closed at $313.20 in the latest trading session, marking a -0.68% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 0.38% for the day. Meanwhile, the Dow lost 0.16%, and the Nasdaq, a tech-heavy index, lost 0.13%.Prior to today's trading, shares of the hospital operator had gained 11.27% over the past month. This has outpaced the Medical sector's gain of 5.53% and the S&P 500's gain of 4.74% in that time.Analysts and investors alike will be keeping a close eye on the performance of HCA Healthcare in its upcoming earnings disclosure. The company is forecasted to report an EPS of $4.90, showcasing a 0.61% downward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $16.76 billion, reflecting a 7.52% rise from the equivalent quarter last year.For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $20.37 per share and a revenue of $68.97 billion, representing changes of +7.15% and +6.17%, respectively, from the prior year.Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for HCA Healthcare. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.The Zacks Rank system, 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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 4.63% increase. HCA Healthcare is holding a Zacks Rank of #1 (Strong Buy) right now.Story continuesIn terms of valuation, HCA Healthcare is currently trading at a Forward P/E ratio of 15.48. This signifies a discount in comparison to the average Forward P/E of 15.58 for its industry.Also, we should mention that HCA has a PEG ratio of 1.59. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Medical - Hospital was holding an average PEG ratio of 1.77 at yesterday's closing price.The Medical - Hospital industry is part of the Medical sector. At present, this industry carries a Zacks Industry Rank of 182, placing it within the bottom 28% of over 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.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 reportHCA Healthcare, Inc. (HCA) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

HCA Healthcare (HCA) Dips More Than Broader Market: What You Should Know

https://finance.yahoo.com/news/hca-healthcare-hca-dips-more-224514025.html

fc777bf6-d12a-3db8-a0f1-5d15e9815646

HCA

How much a stock's price changes over time is a significant driver for most investors. Not only can price performance impact your portfolio, but it can help you compare investment results across sectors and industries as well.Another thing that can drive investing is the fear of missing out, or FOMO. This particularly applies to tech giants and popular consumer-facing stocks.What if you'd invested in HCA Healthcare (HCA) ten years ago? It may not have been easy to hold on to HCA for all that time, but if you did, how much would your investment be worth today?HCA Healthcare's Business In-DepthWith that in mind, let's take a look at HCA Healthcare's main business drivers.Effective May 8, 2017, the company’s name was changed to HCA Healthcare, Inc. from HCA Holdings, Inc. It is the largest non-governmental operator of acute care hospitals in the US. Headquartered in Nashville, TN, it operates hospitals and related health care entities.At the end of 2023, the company operated 186 hospitals and approximately 2,400 ambulatory sites of care, including surgery centers, freestanding emergency rooms, urgent care centers and physician clinics, in 20 states and the United Kingdom.The general, acute care hospitals also provide outpatient services such as outpatient surgery, laboratory, radiology, respiratory therapy, cardiology and physical therapy. It operates in two geographically organized groups, the National and American Groups. HCA generated revenues of $65 billion in 2023.The National Group (accounted for 27.9% of the overall 2023 revenues) had 57 hospitals located in states like Alaska, California, Idaho, Indiana, Kentucky, Nevada, New Hampshire, North Carolina, Tennessee, Utah and Virginia. The American Group (34.4%) has 60 hospitals in states like Colorado, Central Kansas, Louisiana and Texas.Its Atlantic Group (32.6%) included 62 hospitals located in Florida, Georgia, Northern Kansas, Missouri and South Carolina. The company also operates seven hospitals in England that are included in the Corporate and Other group (5.2%).Story continuesThe company's 178 general, acute care hospitals with 48,755 licensed beds provide a wide range of services to cater to different medical specialties, such as internal medicine, general surgery, cardiology, oncology, neurosurgery, orthopedics and obstetrics as well as diagnostic and emergency services.Its six behavioral hospitals with 653 licensed beds offer child, adolescent and adult psychiatric care. It also provides adolescent and adult alcohol and drug abuse treatment and counseling.Bottom LineAnyone can invest, but building a successful investment portfolio takes a combination of a few things: research, patience, and a little bit of risk. So, if you had invested in HCA Healthcare a decade ago, you're probably feeling pretty good about your investment today.According to our calculations, a $1000 investment made in March 2014 would be worth $6,555.91, or a 555.59% gain, as of March 11, 2024. Investors should keep in mind that this return excludes dividends but includes price appreciation.In comparison, the S&P 500 gained 172.82% and the price of gold went up 55.27% over the same time frame.Analysts are anticipating more upside for HCA.HCA Healthcare’s revenues increase on the back of a surge in admissions and outpatient surgeries. It expects equivalent admissions to grow in the range of 3-4% in 2024. Significant growth in its Managed Medicare operations is expected to drive its performance. Prudent buyouts aid in increasing patient volumes, enable network expansion and add hospitals to the portfolio. Its EPS is predicted to be within $19.7-$21.2 in 2024, higher than the 2023 figure. It has been gaining from its telemedicine business line. HCA resorts to prudent capital deployment via share buybacks and dividend payments. It increased its quarterly dividend by 10% to 66 cents in the first quarter of 2024. Its shares have outperformed the industry in the past year. Consequently, HCA Healthcare is expected to offer substantial upside potential from the current price levels.Over the past four weeks, shares have rallied 6.22%, and there have been 10 higher earnings estimate revisions in the past two months for fiscal 2024 compared to none lower. The consensus estimate has moved up as well.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 reportHCA Healthcare, Inc. (HCA) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Here's How Much a $1000 Investment in HCA Healthcare Made 10 Years Ago Would Be Worth Today

https://finance.yahoo.com/news/heres-much-1000-investment-hca-123004141.html

7d12d77b-c8a9-35c0-b7d0-802ef96261ed

HCA

Brookdale Senior Living Inc. BKD announced that its February weighted average occupancy climbed 160 basis points (bps) from the year-ago level to 76.3%. However, this indicates a 10-bps decline from the January level.In the fourth quarter of 2023, BKD observed a weighted average occupancy of 78.4%, up from 77.1% a year ago. For the third quarter, the metric rose to 77.6% from 76.4% a year ago. At the fourth-quarter end, it had the capacity to serve around 59,000 residents in 41 states.BKD has experienced 28 straight months of year-over-year growth in weighted average occupancy, showcasing a consistent upward trend in occupancy levels. This positive trajectory is anticipated to contribute in increasing resident fee revenues. In 2023, resident fee revenues saw a noteworthy 10.5% year-over-year rise. The momentum is expected to persist, providing further support to the company's overall results.For the first quarter of 2024, it projects revenue per available unit (RevPAR) growth to fall in the range of 6.25-6.75%. The company experienced year-over-year RevPAR growth of 10% during the fourth quarter of 2023, contributing positively to its overall revenues. Additionally, it expects adjusted EBITDA in the range of $90 -$95 million in the first quarter of 2024.The Zacks Consensus Estimate for first-quarter 2024 is pegged at a loss of 17 cents per share, which remained stable over the past few weeks. The estimate for full-year 2024 indicates an improvement of 21.4% from the year-ago loss of 84 cents per share.The company is poised for a substantial revenue growth opportunity. BKD’s weighted average occupancy improved nearly 900 bps as of 2023-end compared with the start of pandemic recovery. Its objective is to restore occupancy and return to its pre-pandemic levels (84.5% observed in the fourth quarter of 2019). Management projects to yield at least $250 million in incremental revenues to achieve this target.Price PerformanceBrookdale shares have surged 114.5% in the past year compared with the industry’s growth of 49.6%.Story continues Zacks Investment ResearchImage Source: Zacks Investment Research Zacks Rank & Stocks to ConsiderBKD currently carries a Zacks Rank #5 (Strong Sell).Some better-ranked stocks from the Medical space are HCA Healthcare, Inc. HCA, Medpace Holdings, Inc. MEDP and Universal Health Services, Inc. UHS. HCA Healthcare and Medpace sport a Zacks Rank #1 (Strong Buy) each, and Universal Health Services carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.HCA Healthcare’s earnings surpassed the Zacks Consensus Estimate in three of the last four quarters, missing once, the average beat being 9.8%. The Zacks Consensus Estimate for HCA’s 2024 earnings and revenues suggests an improvement of 7.8% and 6.2% from the respective year-ago reported figures.The consensus estimate for HCA’s 2024 earnings has moved 0.9% north in the past 30 days. Shares of HCA have gained 31.7% in the past year.Medpace’s earnings outpaced the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 12.4%. The Zacks Consensus Estimate for MEDP’s 2024earnings and revenues suggests an improvement of 19.1% and 15.9% from the respective year-ago reported figures.The consensus estimate for Medpace’s 2024 earnings has moved 5.3% north in the past 30 days. Shares of MEDP have soared 132.7% in the past year.Universal Health Services’ earnings outpaced the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 5.9%. The consensus estimate for UHS’ 2024 earnings and revenues suggests an improvement of 19.9% and 8.4% from the respective year-ago reported figures.The consensus estimate for UHS’ 2024 earnings has moved 5.2% north in the past 30 days. Shares of UHS have rallied 50.8% 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 reportUniversal Health Services, Inc. (UHS) : Free Stock Analysis ReportBrookdale Senior Living Inc. (BKD) : Free Stock Analysis ReportHCA Healthcare, Inc. (HCA) : Free Stock Analysis ReportMedpace Holdings, Inc. (MEDP) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Brookdale (BKD) February 2024 Weighted Average Occupancy Rises

https://finance.yahoo.com/news/brookdale-bkd-february-2024-weighted-164700625.html

2e5f78f9-c4e5-3c81-a083-98ebc7472e44

HD

With ominous projections of dwindling same-store sales and lagging foot traffic compared with industry leader Home Depot, uncertainty looms.Continue reading

Barrons.com

Lowe’s Earnings Are on Tap. Home Depot’s Results Hint at What to Expect.

https://finance.yahoo.com/m/e744d179-e531-3fe3-8231-7e3e665a3382/lowe%E2%80%99s-earnings-are-on-tap-.html

e744d179-e531-3fe3-8231-7e3e665a3382

HD

The retail earnings scorecard will be completed in the next few weeks with 62% of the companies in the Zacks Retail-Wholesale Sector beating earnings estimates so far. Overall, operating conditions appear to be strengthening amid easing inflation. That said, reports from retail giants Lowe’s LOW and Target TGT are still to come with their results due on Tuesday, February 27, and Tuesday, March 5 respectively. With the retail earnings scorecard being favorable so far let’s see if now is a good time to buy Lowe's or Target stock.Zacks Investment ResearchImage Source: Zacks Investment ResearchLowe’s Q4 PreviewWall Street will be closely monitoring Lowe’s guidance tomorrow with fellow home improvement retailer Home Depot HD expecting a moderation in its growth despite exceeding its Q4 top and bottom line expectations last Tuesday. Lowe’s Q4 results are expected to reflect a slowdown on the horizon with earnings projected to drop -26% to $1.68 a share versus $2.28 per share in a very tough to-compete against prior-year quarter. Fourth quarter sales are expected at $18.34 billion compared to $22.45 billion last year. Still, Lowe’s has topped the Zacks EPS Consensus for 18 consecutive quarters dating back to August of 2019.Zacks Investment ResearchImage Source: Zacks Investment ResearchLowe’s valuation also stands out trading at 18.1X forward earnings which is a noticeable discount to Home Depot’s 24.1X and their Zacks Building Products-Retail Industry average of 21.4X. Notably, Lowe’s stock is up a respectable +13% over the last year although this has trailed Home Depot’s +25% and their Zacks Subindustry’s +24%.  Zacks Investment ResearchImage Source: Zacks Investment ResearchTarget Q4 PreviewWhile high post-pandemic demand may be winding down for home improvement retailers, Target’s rebound may just be underway. The omnichannel retailer has slowly but surely gotten issues with shrink under control along with previous inflationary pressures. Demand for Target’s higher-end consumer products is expected to return with many shoppers sticking or shifting to Walmart’s WMT more affordable pricing over the last few years.Story continuesTarget’s guidance will be closely watched as Walmart gave a modest outlook after joining Home Depot in topping its quarterly expectations last Tuesday as well. However, Target’s Q4 earnings are forecasted to jump 26% YoY to $2.38 per share with sales expected to rise over 1% to $31.88 billion. Furthemore, Target has topped earnings expectations in each of its last four quarterly reports posting an eye-catching average earnings surprise of 30.84%.Zacks Investment ResearchImage Source: Zacks Investment ResearchIn regards to valuation, Target's 16.5X forward earnings multiple is certainly intriguing. At the moment this is well below Walmart’s 25X and a 44% discount to its Zacks Retail-Discount Stores Industry average of 29.9X. This comes as Target’s stock is still down -10% over the last year but has risen +5% year to date.Zacks Investment ResearchImage Source: Zacks Investment ResearchBottom LineRelative to their retail peers, Lowe’s and Home Depot’s valuations are very attractive ahead of their quarterly reports. Target’s stock makes a stronger case for more upside and a sharper rebound landing a Zacks Rank #2 (Buy) while Lowe’s lands a Zacks Rank #3 (Hold).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 reportTarget Corporation (TGT) : Free Stock Analysis ReportLowe's Companies, Inc. (LOW) : Free Stock Analysis ReportWalmart Inc. (WMT) : Free Stock Analysis ReportThe Home Depot, Inc. (HD) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Time to Buy Lowe's or Target Stock as They Round Out the Favorable Retail Earnings Season?

https://finance.yahoo.com/news/time-buy-lowes-target-stock-012900736.html

32845d3d-2362-3cb7-a93a-eb55c5336826

HD

"We've said for quite some time now, it has been a resilient consumer."That was the comment to me this week from Target (TGT) CEO Brian Cornell on his earnings day. Well, that along with his shout-out to $500 million in cost cuts last year ($1.5 billion is the longer-term goal). I happened to mention I bought Beyond Meat (BYND) meatballs the day before our interview from my local Target.We laughed, kept it moving, and then I went home for the day to monitor overseas markets.But Cornell's observation on shoppers left an impression. First, he is right, and second, it's something that goes a long way to understanding why the Federal Reserve has pushed back on a market narrative of more than five interest rate cuts for 2024.The economy just doesn't need these aggressive cuts, judging by the health of its biggest driver — the US consumer.February's employment report on Friday was another strong one, posting a gain of 275,000. Wages are up, prices have cooled. The stock market is doing great, making households with stock portfolios feel wealthier (aka wealth effect). Consumer confidence dipped a little last month but hasn't fallen off a cliff for some unexplained reason."Consumers are shopping," Cornell added, noting that Target's store traffic improved in the fourth quarter from its run rate seen throughout most of 2023.EY economist Greg Daco tells me there are several reasons for an upbeat consumer, among them labor market resilience and healthy household balance sheets."The increased value of talent post-pandemic has meant that business managers are more reluctant to let go of their prized talent pool despite cost pressures and expectations of slower final demand growth," Daco explained."Solid employment growth combined with robust wage growth has translated into strong real disposable income growth, which in turn has allowed consumers to continue paying high prices for goods and services."Story continuesUnsurprisingly, Mr. Market has sniffed all of this out.The VanEck Retail ETF (RTH) — which counts Amazon (AMZN), Home Depot (HD), Costco (COST), Walmart (WMT), and Lowe's (LOW) as its top five holdings — is up 9.2% year to date, compared to the 6.5% gain for the S&P 500 (^GSPC). Shares of Home Depot and Lowe's hit 52-week highs this week, per one of my nifty Yahoo Finance screeners.And in this resilient (though not gangbusters) backdrop, the winners and losers in retail are becoming very clear. Consumers don't have endless money, but those who have discretionary dollars are spending them at places they value.Abercrombie & Fitch (ANF) had a mind-boggling 21% sales gain in the fourth quarter. CEO Fran Horowitz (video above) told me the chain continues to gobble up market share among 20- to late-30-year-olds. Rival American Eagle Outfitters (AEO) showed a 12% year-over-year sales increase in the holiday quarter.Beleaguered mall staple Gap is starting to turn things around, with its Old Navy and Gap brands both clocking year-over-year growth in Q4. Its CEO Richard Dickson told Yahoo Finance that the retailer has gained market share during the quarter.Richard Dickson quoteDiscretionary departments, such as home goods and apparel, did better in the fourth quarter at Target and Walmart.Meanwhile, the losers are really losing.Foot Locker (FL) and Victoria's Secret (VSCO) had awful quarters, and the market bid down their stock prices by more than 30% in a day this week.Nordstrom (JWN) warned sales trends stayed soft at its full-price banner. Macy's (M) quarter was bad."The customer has a choice, and they're choosing us," Horowitz said.The Fed has a choice too on rates ... and consumer resilience suggests its choice should be easy in 2024.Brian Sozzi is Yahoo Finance's Executive Editor. Follow Sozzi on Twitter/X @BrianSozzi and on LinkedIn. Tips on deals, mergers, activist situations, or anything else? Email [email protected] here for all of the latest retail stock news and events to better inform your investing strategy

Yahoo Finance

Resilient US shoppers are driving divergent fortunes for retail stocks

https://finance.yahoo.com/news/resilient-us-shoppers-are-driving-divergent-fortunes-for-retail-stocks-123004426.html

ce2e21b8-0085-4ad2-93bc-d2dda8382038

HD

Walmart (NYSE: WMT) surprised investors earlier this year when the retail giant announced a 3-for-1 stock split, its first split in more than 20 years.The news was unexpected. It's been a long time since Walmart's last split in 1999, and its share price wasn't exceedingly high. Investors responded well to the news, as Walmart explained that it decided to split its shares to make it easier for employees to buy the stock.It's important to understand that stock splits don't create any fundamental value for investors. They simply divide the corporate pie into more pieces. There is some evidence that stock splits can lead to gains over the next year, but that's likely because they reflect momentum that already exists in the business, as splits usually come when a stock is at an all-time high.Walmart stock continued to gain after the split announcement and has risen modestly since the split was executed on Feb. 26. After Walmart's split, will we see a similar move from Walmart's retail peers? Let's take a look at the top stock split candidates in retail to see if any will follow in Walmart's footsteps.Image source: Getty Images.1. CostcoCostco Wholesale (NASDAQ: COST) looks like the most obvious candidate for a stock split in the retail industry. Its share price was recently approaching $800, and the company has a long track record of delivering steady gains to investors.Like Walmart, Costco has not split its stock for roughly a generation. The last split came in 2000 when the stock was trading at around $100 a share and Costco implemented a 2-for-1 split.Costco management has not commented on a stock split, and the company doesn't typically pay much attention to its share price. Still, it's possible that the company could follow Walmart and lower its share price to make it more affordable to employees and individual investors. However, the stock might need to post more gains before management considers a stock split.Story continues2. Home DepotHome Depot (NYSE: HD) has challenged Walmart as the No. 1 retailer by market capitalization in the past, and the home improvement retailer has a long history of stock splits. Like Walmart, it also hasn't split its stock since 1999 when it issued a 3-for-2 stock split when the stock was trading at $102 a share.Home Depot currently trades at a $376 share price, but the stock is still down about 10% from its pandemic-era peak. The home improvement industry has run into challenges as mortgage rates have soared and the housing market has slowed substantially since the pandemic.A stock split might also be worth pursuing for Home Depot because it's a Dow Jones Industrial Average member, and the index is price-weighted -- so a split would prevent it from having outsize influence on the blue-chip index.3. TargetThe last remaining stock-split candidate in this retail group is Target (NYSE: TGT), the big-box multi-channel retailer that has differentiated itself with a focus on "cheap chic" branding and discretionary goods like apparel and home goods.In recent quarters, Target has struggled due to weak consumer demand for discretionary goods and the company's own challenges with problems like theft. The stock is still down roughly a third from its peak during the pandemic.Target is now trading at around $170 a share, but the company hasn't split its stock since 2000 like the other retailers in the group. With the retailer's stock still down substantially from its peak, a split for Target seems unlikely, but the potential is there if the share price continues to recover.Image source: Getty Images.Focus on fundamentalsStock splits are exciting milestones, but ultimately they do little to create long-term value for investors. While it's fun to speculate about the potential for a stock split, investors are better off buying stocks with strong fundamentals than trying to guess which stock will be next to split.As for Walmart, the company looks as strong as ever coming off its recent earnings report, with solid growth across the board, improving margins, and new opportunities in e-commerce and advertising, including the Vizio acquisition. Looking ahead, the stock looks set to reward investors whether they bought shares because of the split or not.Should you invest $1,000 in Walmart right now?Before you buy stock in Walmart, 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 Walmart 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, 2024Jeremy Bowman has positions in Target. The Motley Fool has positions in and recommends Costco Wholesale, Home Depot, Target, and Walmart. The Motley Fool has a disclosure policy.Walmart's Stock Split Is Official. Could These Mega-Retail Stocks Be Next? was originally published by The Motley Fool

Motley Fool

Walmart's Stock Split Is Official. Could These Mega-Retail Stocks Be Next?

https://finance.yahoo.com/news/walmarts-stock-split-official-could-104500910.html

5030c280-2e23-3dc2-9868-9bff2dc0a64c

HES

(Bloomberg) -- Exxon Mobil Corp. and Cnooc Ltd. are considering exercising rights to acquire Hess Corp.’s stake in a giant offshore oil development in Guyana, a move that could break up Chevron Corp.’s $53 billion deal to buy into the field.Most Read from BloombergBYD’s New $233,450 EV Supercar to Rival Ferrari, LamborghiniStock Rally Stalls at Start of Data-Packed Week: Markets WrapA Spike in Heart Disease Deaths Since Covid Is Puzzling ScientistsFreddie Mercury’s London Residence Lists at £30 MillionJacob Rothschild, Financier and Philanthropist, Dies at 87Chevron is adamant there’s “no possible scenario” Exxon or Cnooc could buy the stake, and said in a statement that it remains fully committed to the Hess deal. But Exxon said it has a duty to its shareholders to explore the right of first refusal over the change of ownership of the Hess stake. Hess shares slid 3.3% to $144.96 at 6:32 p.m. in late New York trading.The moves hold the potential to kick off a high-stakes battle for the fastest-growing and largest oil discovery of the past decade and the main reason Chevron struck a deal to buy Hess in October. Exxon, the operator of the project, first found oil in Guyanese waters in 2015 and has since discovered 11 billion barrels of reserves. The company expects production there to double to 1.2 million barrels a day by 2027.“We owe it to our investors and partners to consider our pre-emption rights in place under our Joint Operating Agreement to ensure we preserve our right to realize the significant value we’ve created and are entitled to in the Guyana asset,” Exxon said in a statement Monday.Cnooc didn’t immediately respond to an emailed request for comment.The dispute over Guyana’s Stabroek Block underscores how important the emerging basin is to global crude markets. Oil majors have struck a flurry of megadeals in recent months to secure stakes in proven reserves without building new projects that would increase global supplies.Story continuesExxon and Cnooc’s right of first refusal is “not applicable” to its merger with Hess, Chevron said in an emailed statement. “As described in the S-4, there is no possible scenario in which Exxon or Cnooc could acquire Hess’ interest in Guyana as a result of the Chevron-Hess transaction.”Still, the company warned in a regulatory filing Monday there’s a risk the deal may not be completed if if Exxon and Cnooc launch a successful counterbid.“If these discussions do not result in an acceptable resolution, and arbitration (if pursued) does not result in a confirmation that such right of first refusal provision is inapplicable to the merger, then there would be a failure of a closing condition under the Merger Agreement, in which case the merger would not close,” Chevron said.--With assistance from Dan Murtaugh.(Updates with Chevron’s comment starting 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

Exxon Considers Pre-Emption Rights to Hess’ Guyana Oil Stake

https://finance.yahoo.com/news/exxon-considers-pre-emption-rights-220115518.html

c089a962-2891-3c49-aa7d-67f52e7ba45e

HES

Strengths highlight Hess Corp's robust production and reserve base, particularly in the Bakken Shale and Guyana.Weaknesses underscore challenges in cost management and the impact of global market volatility.Opportunities emphasize potential growth through strategic partnerships and exploration successes.Threats include regulatory changes, environmental concerns, and the impending merger with Chevron.Warning! GuruFocus has detected 7 Warning Signs with BGNE.On February 26, 2024, Hess Corp (NYSE:HES) filed its annual 10-K report, revealing a year of strategic maneuvers and financial outcomes. With net proved reserves of 1.3 billion barrels of oil equivalent and a daily production average of 344 thousand barrels of oil equivalent, Hess Corp maintains a strong presence in the oil and gas sector. The financial tables within the filing indicate a company navigating the complexities of the energy market, balancing investments in exploration and production with the demands of a volatile pricing environment. As we dissect the financial health and strategic positioning of Hess Corp, this SWOT analysis aims to provide investors with a comprehensive view of the company's internal dynamics and external influences.Decoding Hess Corp (HES): A Strategic SWOT InsightStrengthsRobust Reserve and Production Base: Hess Corp's strength lies in its substantial reserve base, particularly in the Bakken Shale and offshore Guyana, which are key drivers of production growth. The company's focus on these high-quality assets has resulted in a production mix heavily weighted towards oil, which typically commands a higher market price than natural gas. This strategic asset allocation underpins Hess Corp's financial resilience and positions it favorably within the industry.Operational Efficiency: Hess Corp has demonstrated a commitment to operational efficiency, as evidenced by its effective use of technology and innovative practices in exploration and production. The company's ability to maintain competitive production costs, despite market fluctuations, is a testament to its operational prowess and prudent management.Story continuesWeaknessesCost Management Challenges: Despite its operational efficiencies, Hess Corp faces challenges in managing costs, particularly in the context of global market volatility. The company's financial performance is susceptible to fluctuations in crude oil and natural gas prices, which can impact profitability and necessitate stringent cost control measures.Debt Levels: Hess Corp's long-term debt, with a carrying value of $8,613 million, poses a financial risk, especially in an environment of rising interest rates. While the company's debt is primarily fixed-rate, which provides some predictability in financial planning, the magnitude of the debt requires careful management to maintain financial flexibility.OpportunitiesStrategic Partnerships and Alliances: Hess Corp has the opportunity to further leverage strategic partnerships, like its collaboration in Guyana, to bolster its exploration and production capabilities. These alliances can provide access to additional resources, share risks, and enhance the company's market position.Exploration Successes: The company's active exploration program, particularly in offshore Guyana and the Gulf of Mexico, presents significant opportunities for reserve additions and production growth. Success in these ventures could lead to substantial long-term value creation for Hess Corp.ThreatsRegulatory and Environmental Concerns: Hess Corp operates in a regulatory environment that is increasingly focused on environmental protection. Changes in laws and regulations, particularly those related to greenhouse gas emissions and flaring, pose potential threats to the company's operations and cost structure.Merger with Chevron: The proposed merger with Chevron presents both opportunities and threats. While the merger could lead to synergies and enhanced competitive positioning, there are risks associated with integration, regulatory approvals, and potential disruptions to business operations.In conclusion, Hess Corp (NYSE:HES) exhibits a strong operational foundation with significant reserves and production capabilities. However, it must navigate cost management challenges and a substantial debt load. Opportunities for growth through strategic partnerships and exploration are promising, yet the company must remain vigilant against regulatory pressures and the complexities of the Chevron merger. As Hess Corp moves forward, its ability to leverage its strengths and capitalize on opportunities while mitigating its weaknesses and threats will be critical to its success in the evolving energy landscape.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 Hess Corp (HES): A Strategic SWOT Insight

https://finance.yahoo.com/news/decoding-hess-corp-hes-strategic-050536233.html

e28eb61b-8233-3f06-8953-0bfb3f5f6ae2

HES

In this piece, we will take a look at the 13 oil stocks with the biggest upside. If you want to skip our overview of the oil sector and some recent news, then you can skip ahead to the 5 Oil Stocks with Biggest Upside. When we talk about investing in major sectors of the stock market, such as oil stocks, the number of equities that are available for trading on major indexes runs into the hundreds. This means that selecting the right stocks to invest in becomes a tedious process that requires an investor to patiently work through copious amounts of financial data to see whether a share price is justified by a firm's underlying models.Naturally, this is why the finance industry exists, with the sell side sector hiring teams to analyze stocks and write recommendations. Some such firms include banks such as JPMorgan Chase & Co. (NYSE:JPM), Morgan Stanley (NYSE:MS), and The Goldman Sachs Group, Inc. (NYSE:GS). These banks issue hundreds of stock notes each year, and often formulate lists of top firms in sectors such as oil to narrow down potential star stock performers.Oil stocks in particular have been at the center of news coverage for the past couple of years, and despite significant demand up and downswings in the sector, their long term returns still resemble those that are characteristic of stable sectors. For instance, when we look at the five year performance of the S&P Oil & Gas Exploration & Production Select Industry Index, the index is up by 16%, a growth that discounts the effects of dividends in providing investors a larger bang for their buck.In fact for the oil industry, even though 2023 was a boon in terms of revenue and high profits due to elevated gas prices stemming from the Russian invasion of Ukraine, it saw a sector that was still reeling from the effects of post pandemic global shutdowns and travel restrictions. These had ensured that the demand for oil was cut down significantly, and as the implications became clear, the same S&P oil index that is up by 16% over the past five years dropped by more than 30% over the course of a single summer month.Story continuesJust before this turmoil hit, i.e. in June 2022, Goldman Sachs had started to share its favored oil stocks which the bank's analyst Neil Mehta outlined had the potential for the greatest share price upside. The list was accompanied by a note that identified companies slated to benefit from a boom in global commodity demand and prices right when the global energy industry was undergoing a significant re shift on the supply side and fuels such as liquefied natural gas (LNG) boomed as an alternative to cheap Russian gas.Mehta explained that the list of companies his teams had identified carried the potential of generating strong cash flows and potentially experiencing significant upside revisions down the road. He added that in case of long term crude oil prices hovering around $90, the top oil stocks could provide attractive valuations and end up being important components of a beta barbell investing strategy that allows an investor to focus on high and low risk stocks to strike an adequate balance between hedging a portfolio and seeking return.Since then, Goldman Sachs has mostly stuck with its oil price forecast, which is important since the high cash flow companies that the analyst identified are said to be capable of using stable prices to generate high cash flow. Cash flow is the actual money that is available to a firm for its operations and investor returns, and the bank's latest oil price forecast sits at $87 after a $2 raise in February 2024.With the outlook of oil still rosy despite a slow Chinese recovery, we decided to look at the top oil stocks with the biggest upside. Some notable picks are Chevron Corporation (NYSE:CVX), Hess Corporation (NYSE:HES), and Pioneer Natural Resources Company (NYSE:PXD).13 Oil Stocks with Biggest UpsideAn oil derrick in the North Sea, revealing the scope of the company's drilling operations.Our MethodologyTo make our list of the oil stocks with the highest upside, we ranked Goldman Sachs's top oil stock picks in 2022 and 2024 by the number of hedge funds that had bought the shares in 2023's December quarter. Out of these, the stocks with the highest number of hedge fund shareholders were chosen as the oil stocks with the highest upside. For the oil stocks from 2022, the share price performance from March 2022 is shared.For these oil stocks with the largest upside, we used we used 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.13 Oil Stocks with Biggest Upside13. Magnolia Oil & Gas Corporation (NYSE:MGY)Number of Q4 2023 Hedge Fund Shareholders: 25 Share Price Performance Since March 2022: -4.22%Magnolia Oil & Gas Corporation (NYSE:MGY) is a small American oil exploration firm headquartered in Houston, Texas. While the shares are down by 4.22% since March 2022, after the July dip, they have appreciated by 10%. The average analyst share price target is $24.77.During December 2023, 25 out of the 933 hedge funds tracked by Insider Monkey had bought the firm's shares. Magnolia Oil & Gas Corporation (NYSE:MGY)'s largest stakeholder among these is Amy Minella's Cardinal Capital due to its $42.9 million investment.Along with Hess Corporation (NYSE:HES), Chevron Corporation (NYSE:CVX), and Pioneer Natural Resources Company (NYSE:PXD), Magnolia Oil & Gas Corporation (NYSE:MGY)   is an oil stock with significant upside.12. Kosmos Energy Ltd. (NYSE:KOS)Number of Q4 2023 Hedge Fund Shareholders: 62 Share Price Performance Since March 2022: -5.77% Kosmos Energy Ltd. (NYSE:KOS) is an American oil and gas company with exploration projects in the U.S. and other countries. Its shares have been on a roller coaster trajectory since March 2022, and while the stock has soared by as much as 45% during this period, over the long term it is still down by roughly 6%.As of Q4 2023 end, 62 out of the 933 hedge funds part of Insider Monkey's database had bought and owned a stake in Kosmos Energy Ltd. (NYSE:KOS). Len Kipp and Xavier Majic's Maple Rock Capital was the firm's biggest investor since it owned $60 million worth of shares.11. Ovintiv Inc. (NYSE:OVV)Number of Q4 2023 Hedge Fund Shareholders: 35 Share Price Performance Since March 2022: -0.27%Ovintiv Inc. (NYSE:OVV) produces oil in several American states and Canadian provinces. While the stock was quick to recover most of its 2022 losses in the next couple of months, a sell off that took place in July 2023 after it announced a $250 million asset sale is yet to reverse itself.Insider Monkey scoured through 933 hedge fund holdings for last year's fourth quarter and found that 35 had invested in Ovintiv Inc. (NYSE:OVV). Michael Rockefeller and Karl Kroeker's Woodline Partners was the biggest investor since it held a $136 million stake.10. Antero Resources Corporation (NYSE:AR)Number of Q4 2023 Hedge Fund Shareholders: 39 Share Price Performance Since March 2022: -0.55%Antero Resources Corporation (NYSE:AR) is a Colorado based oil company with operations in the Appalachian basin and the Upper Devonian Shale. Looking at its financials to see how cash flows have done over the past couple of years, the operating cash flow dropped significantly in 2023 over 2022, on the back of a lower net income.By December 2023 end, 39 out of the 933 hedge funds surveyed by Insider Monkey were the firm's shareholders. Antero Resources Corporation (NYSE:AR)'s largest stakeholder is Phill Gross and Robert Atchinson's Adage Capital Management as it owns $107 million worth of shares.9. EQT Corporation (NYSE:EQT)Number of Q4 2023 Hedge Fund Shareholders: 40 Share Price Performance Since March 2022: 6.55%EQT Corporation (NYSE:EQT) is a pure play natural gas company headquartered in Pittsburgh, Pennsylvania. A greater interest in U.S. oil production following the Russian invasion has helped the stock over the past twelve months as the shares are up by 9.85%.Insider Monkey dug through 933 hedge fund portfolios for 2023's December quarter to find 40 EQT Corporation (NYSE:EQT) investors.  Eric W. Mandelblatt's Soroban Capital Partners owned the biggest stake which was worth $214 million.8. Coterra Energy Inc. (NYSE:CTRA)Number of Q4 2023 Hedge Fund Shareholders: 42 Share Price Performance Since March 2022: 2.78%Coterra Energy Inc. (NYSE:CTRA) is another natural gas company. The fact that its shares are also up since March marks a crucial divergence on our list of the oil stocks with the biggest upside. This comes in the form of natural gas, as gas companies have managed to sustain investor interest due to the need to develop Russian alternatives. Year to date the stock is flat on the back of weaker natural gas prices.During last year's final quarter, 42 out of the 933 hedge funds tracked by Insider Monkey had bought the firm's shares. Coterra Energy Inc. (NYSE:CTRA)'s largest hedge fund investor is Steve Cohen's Point72 Asset Management since it owns 5.5 million shares that are worth $141 million.7. Diamondback Energy, Inc. (NASDAQ:FANG)Number of Q4 2023 Hedge Fund Shareholders: 42 Share Price Performance Since March 2022: 36.75%Diamondback Energy, Inc. (NASDAQ:FANG) is one of the highest performing stocks on our list of the top stocks with the highest upside. A somewhat diversified firm, it is involved in producing oil and gas and transporting it as well. Not only are the shares up by 36.75% since March 2022, but this doesn't capture the full return as Diamondback Energy, Inc. (NASDAQ:FANG) also pays a $2 dividend for a 4.5% yield.Insider Monkey's fourth quarter of 2023 survey covered 933 hedge funds and found 42 Diamondback Energy, Inc. (NASDAQ:FANG) shareholders. Ric Dillon's Diamond Hill Capital was the biggest shareholder through its $248 million stake.6. ConocoPhillips (NYSE:COP)Number of Q4 2023 Hedge Fund Shareholders: 59 Share Price Performance Since March 2022: 4.22%ConocoPhillips (NYSE:COP) is a Texas based diversified oil firm with a presence in several countries. It's also one of the top rated stocks on our list, having secured an average share rating of Strong Buy and an average share price target of $136 that promises a hefty upside.59 out of the 933 hedge funds part of Insider Monkey's Q4 2023 database had bought and owned the firm's shares. ConocoPhillips (NYSE:COP)'s largest hedge fund investor is Boykin Curry's Eagle Capital Management due to its $1.5 billion investment.Chevron Corporation (NYSE:CVX), Hess Corporation (NYSE:HES), ConocoPhillips (NYSE:COP), and Pioneer Natural Resources Company (NYSE:PXD) are some top Goldman Sachs oil stocks with high potential upside.Click to continue reading and see 5 Oil Stocks with Biggest Upside.Suggested Articles:15 Best Stocks to Buy According to Billionaire D.E. Shaw20 Countries With Worst Vision ProblemsWarren Buffett and Hedge Funds Love These 11 StocksDisclosure. None. 13 Oil Stocks with Biggest Upside was initially published on Insider Monkey.

Insider Monkey

13 Oil Stocks with Biggest Upside

https://finance.yahoo.com/news/13-oil-stocks-biggest-upside-144301349.html

29ec2465-ed4e-35f0-8a47-533953e3894b

HES

Senior Vice President Barbara Lowery-Yilmaz has sold 1,430 shares of Hess Corp (NYSE:HES) on March 7, 2024, according to a recent SEC filing. The transaction was executed at an average price of $144.52 per share, resulting in a total value of $206,666.60.Hess Corp is an exploration and production company that develops, produces, purchases, transports, and sells crude oil, natural gas liquids, and natural gas with production operations located primarily in the United States, Denmark, the Malaysia/Thailand Joint Development Area, and Malaysia. The company also engages in exploration activities offshore Guyana, Suriname, Canada, and in the Gulf of Mexico.Over the past year, Barbara Lowery-Yilmaz has sold a total of 25,749 shares of Hess Corp and has not made any purchases of the stock. The insider's recent sale contributes to a pattern observed over the last year, where there have been no insider buys and 13 insider sells within the company.Insider Sell: Senior Vice President Barbara Lowery-Yilmaz Sells Shares of Hess Corp (HES)The insider transaction history for Hess Corp indicates a trend of more insider selling than buying, which could be a point of interest for investors and analysts monitoring insider behaviors.On the valuation front, Hess Corp's shares were trading at $144.52 on the day of the insider's sale, giving the company a market capitalization of approximately $44.50 billion. The price-earnings ratio of the company stands at 32.20, which is above both the industry median of 10.46 and the historical median for Hess Corp.Insider Sell: Senior Vice President Barbara Lowery-Yilmaz Sells Shares of Hess Corp (HES)According to the GF Value, with a price of $144.52 and a GuruFocus Value of $146.80, Hess Corp is considered to be Fairly Valued, with a price-to-GF-Value ratio of 0.98. The GF Value is a proprietary intrinsic value estimate from GuruFocus, which takes into account historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.Investors often monitor insider selling as it can provide insights into an insider's perspective on the value of the company's stock. However, it is important to consider that insider selling can occur for various reasons and may not necessarily indicate a negative outlook on the company's future performance.Story continuesWarning! GuruFocus has detected 5 Warning Signs with AMPH.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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Insider Sell: Senior Vice President Barbara Lowery-Yilmaz Sells Shares of Hess Corp (HES)

https://finance.yahoo.com/news/insider-sell-senior-vice-president-043054360.html

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