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Symbol: RES
Security: RPC, Inc.
Related Stocks/Topics: Stocks|SDRL|EPM|PHX
Title: RPC (RES) Acquires Oilfield Service Player Spinnaker for $79.5M
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2023-07-05 01:45:00
Article: **RPC, Inc.** [RES](https://www.nasdaq.com/market-activity/stocks/res) announced that it acquired Spinnaker Oilwell Services, LLC, expanding its oilfield cementing service business.Per the deal, RPC paid $79.5 million for Spinnaker’s equity. The purchasing price comprised $77 million in cash, the assumption of $500,000 of capital lease liabilities and a $2-million payoff. The acquisition will be in effect from Jul 1, 2023. Based in Oklahoma City, OK, Spinnaker is a leading oilfield cementing service provider in the Permian and Mid-Continent basins. Spinnaker, which mainly specializes in cementing operations in wells of all types, provides services to all major oil plays around Oklahoma, Kansas, Arkansas, Texas and New Mexico.Spinnaker operates two facilities, which are situated in El Reno, OK and Hobbs, NM. Spinnaker maintains 18 full-service cementing spreads across the Permian Basin and the Midcontinent.RPC provides specialized oilfield services and equipment primarily to independent and major oilfield companies engaged in the exploration, production and development of oil and gas properties throughout the United States.RPC’s business mainly focuses on services to customers during the completion stage of a well. More than 85% of the company’s revenues are directed toward unconventional completions. The latest acquisition will significantly enhance RPC’s cementing business from its presence in South Texas to the basins in which it currently provides other services. **Price Performance** Shares of RES have underperformed the [industry](https://www.zacks.com/stocks/industry-rank/industry/oil-and-gas-field-services-131) in the past six months. The stock has lost 17.4% compared with the industry’s 0.7% decline. [Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/6a/46122.jpg?v=1315969916) Image Source: Zacks Investment Research******Zacks Rank & Stocks to Consider** RPC currently carries a Zack Rank #3 (Hold).Some better-ranked players in the energy space are **Seadrill Limited** [SDRL](https://www.nasdaq.com/market-activity/stocks/sdrl), **Evolution Petroleum Corporation** [EPM](https://www.nasdaq.com/market-activity/stocks/epm) and **PHX Minerals Inc. ** [PHX](https://www.nasdaq.com/market-activity/stocks/phx). SDRL and EPM currently sport a Zacks Rank of 1 (Strong Buy), and PHX carries a Zacks Rank #2 (Buy). You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).Seadrill is a market-leading international driller with strong exposure in key strategic basins like the U.S. Gulf of Mexico, Brazil and Angola. SDRL reported first-quarter 2023 earnings of 83 cents per share, beating the Zacks Consensus Estimate of earnings of 55 cents per share.Seadrill has witnessed upward earnings estimate revisions for 2023 and 2024 in the past 60 days. The consensus estimate for SDRL’s 2023 and 2024 earnings is pegged at $2.93 per share and $4.01 per share, respectively. Evolution Petroleum is an independent energy company. EPM reported first-quarter 2023 earnings of 42 cents per share, beating the Zacks Consensus Estimate of earnings of 17 cents per share.Evolution Petroleum has a Zacks Style Score of A for Growth, and B for Value and Momentum. The consensus estimate for EPM’s 2024 earnings is pegged at $1.11 per share.PHX Minerals is an oil and natural gas mineral company. The company posted first-quarter 2023 earnings of 11 cents per share, beating the Zacks Consensus Estimate of earnings of 7 cents per share.PHX has witnessed upward earnings estimate revisions for 2024 in the past 60 days. The consensus estimate for the company’s 2023 and 2024 earnings per share is pegged at 28 cents and 45 cents, respectively. **Zacks Names "Single Best Pick to Double"** From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. [Free: See Our Top Stock and 4 Runners Up >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_ANALYSTBLOG_254_07032023&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_energy_sector-2116116)[Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=SYND_NASDAQ_7BEST_ANALYSTBLOG_254&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_energy_sector-2116116)[Seadrill Limited (SDRL) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=SDRL&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_254&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_energy_sector-2116116)[RPC, Inc. (RES) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=RES&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_254&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_energy_sector-2116116)[Evolution Petroleum Corporation, Inc. (EPM) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=EPM&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_254&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_energy_sector-2116116)[PHX Minerals Inc. (PHX) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=PHX&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_254&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_energy_sector-2116116)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2116116/rpc-res-acquires-oilfield-service-player-spinnaker-for-79-5m?cid=CS-NASDAQ-FT-analyst_blog|company_news_-_energy_sector-2116116)[Zacks Investment Research](https://www.zacks.com/)
Stock Price 4 days before: 7.14531
Stock Price 2 days before: 7.19178
Stock Price 1 day before: 7.16929
Stock Price at release: 7.19585
Risk-Free Rate at release: 0.0528
| 8.26455 |
Symbol: LSEA
Security: Landsea Homes Corporation
Related Stocks/Topics: Stocks|DHI
Title: Landsea Homes Corporation (LSEA) Soars 6.1%: Is Further Upside Left in the Stock?
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2023-07-05 01:45:00
Article: Landsea Homes Corporation (LSEA) shares rallied 6.1% in the last trading session to close at $9.34. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 17.2% gain over the past four weeks.Landsea Homes' stock is gaining from solid acquisition and product differentiation strategy. This company is expected to post quarterly earnings of $0.22 per share in its upcoming report, which represents a year-over-year change of -69%. Revenues are expected to be $247.56 million, down 32.9% 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 Landsea Homes Corporation, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on LSEA 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 >>>>](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link) Landsea Homes Corporation belongs to the Zacks Building Products - Home Builders industry. Another stock from the same industry, D.R. Horton (DHI), closed the last trading session 1.1% higher at $121.69. Over the past month, DHI has returned 10.9%. D.R. Horton's consensus EPS estimate for the upcoming report has changed +1.1% over the past month to $2.80. Compared to the company's year-ago EPS, this represents a change of -40%. D.R. Horton currently boasts a Zacks Rank of #3 (Hold). **Zacks Names "Single Best Pick to Double"** From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. [Free: See Our Top Stock and 4 Runners Up >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_TALEOFTAPE_534_07032023&cid=CS-NASDAQ-FT-tale_of_the_tape|daily_price_change_5-2116058)[Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=SYND_NASDAQ_7BEST_TALEOFTAPE_534&cid=CS-NASDAQ-FT-tale_of_the_tape|daily_price_change_5%-2116058) [Landsea Homes Corporation (LSEA) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=LSEA&ADID=SYND_NASDAQ_TCK_TALEOFTAPE_534&cid=CS-NASDAQ-FT-tale_of_the_tape|daily_price_change_5%-2116058)[D.R. Horton, Inc. (DHI) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=DHI&ADID=SYND_NASDAQ_TCK_TALEOFTAPE_534&cid=CS-NASDAQ-FT-tale_of_the_tape|daily_price_change_5%-2116058)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2116058/landsea-homes-corporation-lsea-soars-6-1-is-further-upside-left-in-the-stock?cid=CS-NASDAQ-FT-tale_of_the_tape|daily_price_change_5%-2116058)[Zacks Investment Research](https://www.zacks.com/)
Stock Price 4 days before: 0.667471
Stock Price 2 days before: 4.33009
Stock Price 1 day before: 0.722095
Stock Price at release: 10.0987
Risk-Free Rate at release: 0.0528
| 6.83004 |
Symbol: MTW
Security: The Manitowoc Company, Inc.
Related Stocks/Topics: Stocks|TEX|AGCO|GWW
Title: Here's Why You Should Hold AGCO Corp (AGCO) in Your Portfolio
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2023-07-05 01:45:00
Article: **AGCO Corporation** [AGCO](https://www.nasdaq.com/market-activity/stocks/agco) has been gaining from increased sales across most of its business due to strong demand. Recent investments are also aiding the company’s growth.Although AGCO is exposed to headwinds like material and logistic cost inflation, high production costs, and increased operating expenses, these will be offset by its pricing actions.Let’s delve deeper and analyze the factors that make this Zacks Rank #3 (Hold) stock worth holding on to at present. **Solid Q1 Results**: AGCO delivered an adjusted EPS of $3.51 in first-quarter 2023 compared with the prior-year quarter’s $2.39. The reported figure beat the Zacks Consensus Estimate of $2.64.Revenues increased 24.1% year over year to a record $3,334 million in the March-end quarter. The top line surpassed the Zacks Consensus Estimate of $3,146 million. **Positive Earnings Surprise History**: AGCO has an average trailing four-quarter earnings surprise of 14.8%. **Upbeat Growth Projections:** The Zacks Consensus Estimate for the company’s 2023 earnings has moved 7.4% upward over the past 60 days and is pegged at $14.53 per share. It suggests growth of 17% from the year-ago reported figure. **Upbeat FY23 Outlook**: AGCO Corp expects 2023 net sales to be $14.5 billion. The company anticipates improved sales volumes and positive pricing to impact the 2023 results.Gross and operating margins are expected to be higher than the 2022 reported levels, owing to rising sales and production volumes, as well as the company’s pricing actions to mitigate material and labor cost inflation.Considering these, management projects an EPS of $14.40 for 2023. **Price Performance**: AGCO Corp’s shares have gained 30.6% in the past year compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/manufacturing-farm-equipment-98)’s growth of 31.7%. [Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/82/46150.jpg?v=1132755329) Image Source: Zacks Investment Research** Higher Sales & Positive Pricing Actions**: AGCO will gain on demand across all the major global markets in the upcoming quarters, owing to favorable farm economics.In North America, AGCO is benefitting from increased sales of tractors and precision planting equipment, along with the effects of pricing that are mitigating inflationary cost pressure.South America sales are growing strongly across all markets, owing to robust industry demand and favorable pricing impacts.Strong growth in France, Turkey, Central Europe and Scandinavia is driving the results in Europe/Middle East. The Asia/Pacific segment’s sales are gaining from higher sales and a richer sales mix.The momentum is expected to continue in the forthcoming quarters. **Strategic Investments**: AGCO continues to invest in products, premium technology and sustainable smart farming solutions to improve distribution, enhance digital capabilities, expand product lines and improve factory productivity in order to drive margins and strengthen product offerings.These improvements will support AGCO’s investments in precision agriculture and digital initiatives, driving higher sales growth and margin. The company is expanding its capability by increasing engineering expenses, while investing in acquisitions. **Near-Term Concerns** AGCO continues to experience significant component shortages due to supply-chain tightness, which is impacting production levels and unit shipments.Material cost inflation and higher engineering expenses are worrisome. Moreover, the company is facing the impacts of currency translation.If commodity prices decline again, farmers will adopt a cautious stance regarding their spending on equipment, which will hurt AGCO’s top-line performance. Also, farmers are witnessing higher production costs, particularly fertilizers.This may impede their purchasing power if commodity prices decline again. **Stocks to Consider** Some better-ranked stocks from the Industrial Products sector are **Terex Corporation** [TEX](https://www.nasdaq.com/market-activity/stocks/tex), **The Manitowoc Company, Inc.** [MTW](https://www.nasdaq.com/market-activity/stocks/mtw) **and W.W. Grainger, Inc.** [GWW](https://www.nasdaq.com/market-activity/stocks/gww). TEX and MTW flaunt a Zacks Rank #1 (Strong Buy) at present, and GWW has a Zacks Rank #2 (Buy). You can see ** [the complete list of today’s Zacks #1 Rank stocks here.](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link)**Terex has an average trailing four-quarter earnings surprise of 27.1%. The Zacks Consensus Estimate for TEX’s fiscal 2023 earnings is pegged at $5.92 per share. The consensus estimate for 2023 earnings has moved north by 20.8% in the past 60 days. Its shares gained 114.2% in the last year.Manitowoc has an average trailing four-quarter earnings surprise of 38.8%. The Zacks Consensus Estimate for MTW’s 2023 earnings is pegged at 85 cents per share. The consensus estimate for 2023 earnings has moved 63.5% north in the past 60 days. MTW’s shares gained 77.7% in the last year.The Zacks Consensus Estimate for Grainger’s 2023 earnings per share is pegged at $35.83, up 7.6% in the past 60 days. It has a trailing four-quarter average earnings surprise of 9.1%. GWW gained 71.2% in the last year. **Zacks Names "Single Best Pick to Double"** From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. [Free: See Our Top Stock and 4 Runners Up >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_ANALYSTBLOG_283_07032023&cid=CS-NASDAQ-FT-analyst_blog|rank_focused-2116128)[Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=SYND_NASDAQ_7BEST_ANALYSTBLOG_283&cid=CS-NASDAQ-FT-analyst_blog|rank_focused-2116128)[The Manitowoc Company, Inc. (MTW) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MTW&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_283&cid=CS-NASDAQ-FT-analyst_blog|rank_focused-2116128)[Terex Corporation (TEX) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=TEX&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_283&cid=CS-NASDAQ-FT-analyst_blog|rank_focused-2116128)[AGCO Corporation (AGCO) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=AGCO&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_283&cid=CS-NASDAQ-FT-analyst_blog|rank_focused-2116128)[W.W. Grainger, Inc. (GWW) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=GWW&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_283&cid=CS-NASDAQ-FT-analyst_blog|rank_focused-2116128)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2116128/here-s-why-you-should-hold-agco-corp-agco-in-your-portfolio?cid=CS-NASDAQ-FT-analyst_blog|rank_focused-2116128)[Zacks Investment Research](https://www.zacks.com/)
Stock Price 4 days before: 18.8622
Stock Price 2 days before: 19.0452
Stock Price 1 day before: 18.8613
Stock Price at release: 18.7347
Risk-Free Rate at release: 0.0528
| 17.7157 |
Symbol: WT
Security: WisdomTree, Inc.
Related Stocks/Topics: Stocks|BLK|IVZ
Title: BlackRock (BLK), Others' Bitcoin ETF Filing Viewed Inadequate
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2023-07-05 01:45:00
Article: The U.S. Securities and Exchange Commission (“SEC”) has said that the applications filed by **BlackRock, Inc.** [BLK](https://www.nasdaq.com/market-activity/stocks/blk) and other asset managers for a spot [bitcoin exchange](https://www.nasdaq.com/market-activity/cryptocurrency/bch) traded fund (“ETF”) are inadequate. The news was first reported by the Wall Street Journal, citing people familiar with the matter.Exchanges like Nasdaq and Cboe Global Markets, which filed the spot ETF paperwork for BlackRock, Fidelity Investments and a few other asset managers have been informed that the applications were not sufficiently clear and comprehensive.Reportedly, the filings did not have enough detail with respect to the “surveillance-sharing agreements.”Nevertheless, the asset managers have the option to update their applications and refile for the spot ETF.Last month, BLK became the first asset manager to file for a spot bitcoin ETF, paving the way for a wave of filings by other asset managers like Fidelity, **Invesco** [IVZ](https://www.nasdaq.com/market-activity/stocks/ivz) and **WisdomTree** [WT](https://www.nasdaq.com/market-activity/stocks/wt).The applications came at a time when the cryptocurrency industry was already battling criticism by the SEC over alleged securities law violations.Coinbase and the world’s largest crypto exchange, Binance, were sued by the SEC, alleging securities violations.Thus, the SEC proposed new custody rules that would place additional responsibilities on asset managers to make sure that customers’ assets are kept in properly segregated accounts.Earlier, proposals by asset managers have been rejected by the SEC on the belief that the tokens trade on unregulated exchanges with surveillance and manipulation risks.In October 2021, IVZ withdrew its original application for a bitcoin ETF (made earlier in 2021) because of regulatory headwinds within the industry. At that time, the SEC was resistant in approving such funds due to concerns over potential fraud and market manipulation.Likewise, in October 2022, WT’s application for the launch of the WisdomTree Bitcoin Trust was not approved by the SEC on account of insufficient investor protection.However, the fact that these asset managers are still filing for the spot bitcoin ETC shows that they want to enter the battered cryptocurrency markets again, signaling a shift in the regulatory landscape.Over the past six months, shares of BLK have lost 4.2% against the [industry](https://www.zacks.com/stocks/industry-rank/industry/financial-investment-management-63)’s 3.9% rise.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/60/46118.jpg?v=1099042552) Image Source: Zacks Investment Research Currently, BlackRock carries a Zacks Rank #4 (Sell).You can see [the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link_invideas&ICID=zpi_1link_invideas). **Zacks Names "Single Best Pick to Double"** From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. [Free: See Our Top Stock and 4 Runners Up >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_ANALYSTBLOG_255_07032023&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_finance_sector-2116117)[Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=SYND_NASDAQ_7BEST_ANALYSTBLOG_255&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_finance_sector-2116117) [BlackRock, Inc. (BLK) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=BLK&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_255&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_finance_sector-2116117)[Invesco Ltd. (IVZ) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=IVZ&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_255&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_finance_sector-2116117)[WisdomTree, Inc. (WT) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=WT&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_255&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_finance_sector-2116117)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2116117/blackrock-blk-others-bitcoin-etf-filing-viewed-inadequate?cid=CS-NASDAQ-FT-analyst_blog|company_news_-_finance_sector-2116117)[Zacks Investment Research](https://www.zacks.com/)
Stock Price 4 days before: 6.86184
Stock Price 2 days before: 6.8808
Stock Price 1 day before: 6.82889
Stock Price at release: 6.83026
Risk-Free Rate at release: 0.0528
| 6.50886 |
Symbol: LIND
Security: Lindblad Expeditions Holdings, Inc.
Related Stocks/Topics: Unknown
Title: Strength Seen in Lindblad Expeditions (LIND): Can Its 6.7% Jump Turn into More Strength?
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2023-07-05 01:53:00
Article: Lindblad Expeditions (LIND) shares soared 6.7% in the last trading session to close at $10.88. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 4.8% gain over the past four weeks.Lindblad Expeditions’ rally is buoyed by the rise in guest count, expanded fleet offerings and dynamic pricing practices. Also, its focus on digital marketing and sales-boosting initiatives bodes well. This company is expected to post quarterly loss of $0.36 per share in its upcoming report, which represents a year-over-year change of +39%. Revenues are expected to be $122.85 million, up 35.1% 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 Lindblad Expeditions, the consensus EPS estimate for the quarter has been revised 30.9% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on LIND going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #3 (Hold). You can see [the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link) Lindblad Expeditions is part of the Zacks Leisure and Recreation Services industry. AMC Entertainment (AMC), another stock in the same industry, closed the last trading session 0.5% lower at $4.40. AMC has returned -2.9% in the past month. For AMC Entertainment, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.04. This represents a change of +83.3% from what the company reported a year ago. AMC Entertainment currently has a Zacks Rank of #3 (Hold). **Zacks Names "Single Best Pick to Double"** From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. [Free: See Our Top Stock and 4 Runners Up >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_TALEOFTAPE_534_07032023&cid=CS-NASDAQ-FT-tale_of_the_tape|daily_price_change_5-2116017)[Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=SYND_NASDAQ_7BEST_TALEOFTAPE_534&cid=CS-NASDAQ-FT-tale_of_the_tape|daily_price_change_5%-2116017) [Lindblad Expeditions (LIND) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=LIND&ADID=SYND_NASDAQ_TCK_TALEOFTAPE_534&cid=CS-NASDAQ-FT-tale_of_the_tape|daily_price_change_5%-2116017)[AMC Entertainment Holdings, Inc. (AMC) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=AMC&ADID=SYND_NASDAQ_TCK_TALEOFTAPE_534&cid=CS-NASDAQ-FT-tale_of_the_tape|daily_price_change_5%-2116017) [To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2116017/strength-seen-in-lindblad-expeditions-lind-can-its-6-7-jump-turn-into-more-strength?cid=CS-NASDAQ-FT-tale_of_the_tape|daily_price_change_5%-2116017)[Zacks Investment Research](https://www.zacks.com/)
Stock Price 4 days before: 10.8751
Stock Price 2 days before: 10.9091
Stock Price 1 day before: 11.3108
Stock Price at release: 11.2805
Risk-Free Rate at release: 0.0528
| 10.4105 |
Symbol: GIII
Security: G-III Apparel Group, Ltd.
Related Stocks/Topics: Stocks|TJX|DECK|LULU
Title: Can Deckers Outdoor (DECK) Continue the Rally Amid High Costs?
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2023-07-05 01:53:00
Article: **Deckers Outdoor Corporation** [DECK](https://www.nasdaq.com/market-activity/stocks/deck) has been benefiting from the strength of its HOKA brand. Omnichannel growth and a focus on core priorities have been working well for this footwear and lifestyle company. DECK’s focus on expanding brand assortments, targeting consumers digitally and optimizing omnichannel distribution has also been a driver. These upsides have been boosting this Zacks Rank #3 (Hold) company despite high SG&A costs.In the fourth quarter of fiscal 2023, Deckers’ top and bottom lines increased year over year and beat the Zacks Consensus Estimate. Top-line growth was driven by the strength of the HOKA and Teva brands. On its fourth-quarter [earnings call](https://www.nasdaq.com/market-activity/earnings) management stated that despite the ever-changing operating landscape, the company maintains a strong belief in the enduring resilience of the footwear category.The Zacks Consensus Estimate for the current fiscal-year earnings per share (EPS) has risen by 3 cents to $21.76 over the past 30 days.Shares of DECK have surged 115.6% in the past year compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/retail-miscellaneous-165)’s growth of 13.4%. The stock has also outpaced the Consumer Discretionary sector’s growth of 10.2% and the S&P 500’s increase of 16.4%.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/84/46154.jpg?v=33081453) Image Source: Zacks Investment Research **Key Drivers** Deckers’ HOKA brand has been aiding its top line for the past several quarters, as evidenced by its contribution in the fourth quarter of fiscal 2023. In the reported quarter, HOKA generated record revenues of $397.7 million as the brand nearly doubled its direct-to-consumer (DTC) business. HOKA’s growth was backed by share gains in the wholesale channel.Deckers remains optimistic about its investments in long-term strategic priorities and its ability to maintain a disciplined approach for sustained profitability. It has been on track with its plans to build HOKA into a multibillion-dollar major player, elevating UGG as a global lifestyle brand with diverse product offerings around the year and enhancing the DTC business.Deckers is actively expanding its omnichannel presence and investing significantly in the e-commerce platform for an enhanced online shopping experience. Smaller-concept omnichannel stores and programs like Retail Inventory Online and Click and Collect are some of the actions taken to enhance the consumer experience.Customer-centric product and marketing strategies, along with CRM software and loyalty programs, have also been key priorities. Aligning product categories with customer demand trends and selling directly to wholesale customers are some of the initiatives which are likely to boost sales and margins. **High SG&A Costs** Deckers’ SG&A expenses have been rising year over year for a while now. In the fourth quarter of fiscal 2023, SG&A expenses rose 4.6% year over year to $290.2 million. As a percentage of net sales, SG&A expenses were 36.7%, down from 37.7% reported in the year-ago quarter. Any reduction in expenses, unless fully compensated by increased sales, can directly impact profit margins. The operating margin increased from 17.9% to 18% from fiscal 2022 to fiscal 2023.Management now expects the operating margin to be in line with fiscal 2023 of 18% in fiscal 2024. This outlook assumes no meaningful changes to the company's business prospects or risks and uncertainties identified by management that could impact future results. **Wrapping Up** Deckers looks well-placed for growth on the aforementioned initiatives and strategies. The company expects fiscal 2024 net sales to be approximately $3.950 billion compared with $3.627 billion reported in fiscal 2023.The gross margin is expected to be approximately 52% compared with 50.3% reported in fiscal 2023. For fiscal 2024, the company’s earnings are envisioned in the band of $21.26-$23.50 per share, suggesting a rise from the $19.37 per share reported in fiscal 2022. **Some Promising Retail Stocks****G-III Apparel Group** [GIII](https://www.nasdaq.com/market-activity/stocks/giii), a manufacturer, designer and distributor of apparel and accessories under licensed brands, currently sports a Zacks Rank #1 (Strong Buy). GIII has a trailing four-quarter earnings surprise of 47.4%, on average. You can see [the complete list of today’s Zacks #1 Rank stocks here.](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link) The Zacks Consensus Estimate for G-III Apparel’s current fiscal-year revenue and EPS suggests a nominal increase of 1.9% and 0.4%, respectively, from the year-ago reported numbers. **lululemon athletica** [LULU](https://www.nasdaq.com/market-activity/stocks/lulu), which is a yoga-inspired athletic apparel company that creates lifestyle components, currently carries a Zacks Rank #2 (Buy). LULU has a trailing four-quarter earnings surprise of 9.9%, on average.The Zacks Consensus Estimate for lululemon’s current fiscal-year revenue and EPS implies a significant increase of 17.1% and 18.4%, respectively, from the year-ago reported numbers. **The TJX Companies** [TJX](https://www.nasdaq.com/market-activity/stocks/tjx), an off-price retailer of apparel and home fashions, currently carries a Zacks Rank #2. TJX has a trailing four-quarter earnings surprise of 4.4%, on average.The Zacks Consensus Estimate for The TJX Companies’ current fiscal-year revenue and EPS indicates an increase of 6.4% and 14.8%, respectively, from the year-ago reported numbers. **Zacks Names "Single Best Pick to Double"** From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. [Free: See Our Top Stock and 4 Runners Up >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_ANALYSTBLOG_283_07032023&cid=CS-NASDAQ-FT-analyst_blog|rank_focused-2116039)[Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=SYND_NASDAQ_7BEST_ANALYSTBLOG_283&cid=CS-NASDAQ-FT-analyst_blog|rank_focused-2116039)[The TJX Companies, Inc. (TJX) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=TJX&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_283&cid=CS-NASDAQ-FT-analyst_blog|rank_focused-2116039)[Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=DECK&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_283&cid=CS-NASDAQ-FT-analyst_blog|rank_focused-2116039)[lululemon athletica inc. (LULU) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=LULU&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_283&cid=CS-NASDAQ-FT-analyst_blog|rank_focused-2116039)[G-III Apparel Group, LTD. (GIII) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=GIII&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_283&cid=CS-NASDAQ-FT-analyst_blog|rank_focused-2116039) [To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2116039/can-deckers-outdoor-deck-continue-the-rally-amid-high-costs?cid=CS-NASDAQ-FT-analyst_blog|rank_focused-2116039)[Zacks Investment Research](https://www.zacks.com/)
Stock Price 4 days before: 19.2695
Stock Price 2 days before: 19.2599
Stock Price 1 day before: 19.9789
Stock Price at release: 19.8143
Risk-Free Rate at release: 0.0528
| 20.8755 |
Symbol: AMC
Security: AMC Entertainment Holdings, Inc.
Related Stocks/Topics: Stocks|LIND
Title: Strength Seen in Lindblad Expeditions (LIND): Can Its 6.7% Jump Turn into More Strength?
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2023-07-05 01:53:00
Article: Lindblad Expeditions (LIND) shares soared 6.7% in the last trading session to close at $10.88. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 4.8% gain over the past four weeks.Lindblad Expeditions’ rally is buoyed by the rise in guest count, expanded fleet offerings and dynamic pricing practices. Also, its focus on digital marketing and sales-boosting initiatives bodes well. This company is expected to post quarterly loss of $0.36 per share in its upcoming report, which represents a year-over-year change of +39%. Revenues are expected to be $122.85 million, up 35.1% 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 Lindblad Expeditions, the consensus EPS estimate for the quarter has been revised 30.9% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on LIND going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #3 (Hold). You can see [the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link) Lindblad Expeditions is part of the Zacks Leisure and Recreation Services industry. AMC Entertainment (AMC), another stock in the same industry, closed the last trading session 0.5% lower at $4.40. AMC has returned -2.9% in the past month. For AMC Entertainment, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.04. This represents a change of +83.3% from what the company reported a year ago. AMC Entertainment currently has a Zacks Rank of #3 (Hold). **Zacks Names "Single Best Pick to Double"** From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. [Free: See Our Top Stock and 4 Runners Up >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_TALEOFTAPE_534_07032023&cid=CS-NASDAQ-FT-tale_of_the_tape|daily_price_change_5-2116017)[Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=SYND_NASDAQ_7BEST_TALEOFTAPE_534&cid=CS-NASDAQ-FT-tale_of_the_tape|daily_price_change_5%-2116017) [Lindblad Expeditions (LIND) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=LIND&ADID=SYND_NASDAQ_TCK_TALEOFTAPE_534&cid=CS-NASDAQ-FT-tale_of_the_tape|daily_price_change_5%-2116017)[AMC Entertainment Holdings, Inc. (AMC) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=AMC&ADID=SYND_NASDAQ_TCK_TALEOFTAPE_534&cid=CS-NASDAQ-FT-tale_of_the_tape|daily_price_change_5%-2116017) [To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2116017/strength-seen-in-lindblad-expeditions-lind-can-its-6-7-jump-turn-into-more-strength?cid=CS-NASDAQ-FT-tale_of_the_tape|daily_price_change_5%-2116017)[Zacks Investment Research](https://www.zacks.com/)
Stock Price 4 days before: 4.28589
Stock Price 2 days before: 4.33176
Stock Price 1 day before: 4.52632
Stock Price at release: 4.4292
Risk-Free Rate at release: 0.0528
| 4.91493 |
Symbol: JELD
Security: JELD-WEN Holding, Inc.
Related Stocks/Topics: Stocks|VMC|EXP|DY
Title: JELD-WEN (JELD) Completes $446M Sale of Australasia Business
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2023-07-05 01:53:00
Article: **JELD-WEN Holding, Inc.** [JELD](https://www.nasdaq.com/market-activity/stocks/jeld) completed the sale of its Australasia business to Platinum Equity, a global investment firm. This transaction marks a significant milestone in the company's ongoing strategy to simplify operations and maximize shareholder value.With the completion of the Australasia business sale, JELD is now poised to concentrate its efforts on its primary regions, North America and Europe, bolstering its financial position. The transaction generated nearly $446 million in net proceeds for the company, which will be utilized to repay debt.In fiscal 2022, JELD-WEN reported $4.5 billion net revenues, with the North America and Europe segments accounting for 72% and 28%, respectively, excluding the Australasia business. **Focus on North America & Europe Regions** During first-quarter fiscal 2023, JELD surpassed internal expectations with strong sales and earnings performance. The positive outcome was primarily attributed to favorable volume and price cost outcomes, particularly in the North American market. Additionally, lower cost inflation in Europe contributed to improved earnings during the period.The North America segment reported sales of $768 million in the first quarter, up 6% compared with prior-year quarter’s levels. The segment's adjusted EBITDA rose 18% to $79 million, with margins improving by 100 basis points to 10.3%, driven by positive price cost results.The company's Europe segment reported $312 million revenues and adjusted EBITDA of $18 million marking a 20% increase from the year-ago quarter’s levels. This resulted in a significant 110 basis points improvement in EBITDA margin attributed to positive price cost and productivity gains.The company is reviewing the go-to-market structure, including people, process and systems as well as end markets served, in Europe. The objective is to achieve sales and customer service efficiency targets, and enhance pricing strategies through country-level analysis.Furthermore, JELD-WEN continues its efforts to optimize network footprint, focusing on enhancing production planning and execution. In North America's interior door business, it reallocated production sites closer to customers to optimize production efficiencies. JELD anticipates such opportunities across its product categories. [Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/a1/46167.jpg?v=1379231336) Image Source: Zacks Investment ResearchShares of JELD have increased 49.5% in the past three months compared with the Zacks [Building Products - Wood](https://www.zacks.com/stocks/industry-rank/industry/building-products-wood-26) industry’s rise of 14.9%. **Zacks Rank & Key Picks** JELD-WEN currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks from the Zacks [Construction ](https://www.zacks.com/stocks/industry-rank/sector/construction-8) sector are:**Dycom Industries, Inc.** [DY](https://www.nasdaq.com/market-activity/stocks/dy) sports a Zacks Rank #1 (Strong Buy). DY has a trailing four-quarter earnings surprise of 153.7%, on average. Shares of DY have gained 20.8% in the past year. You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?adid=ZP_quote_ribbon_1list&icid=quote-stock_overview-zp_internal-zacks_premium-top_ribbon-1_rank).The Zacks Consensus Estimate for DY’s 2024 sales and earnings per share (EPS) indicates a rise of 8.3% and 41%, respectively, from the year-ago period’s levels. **Eagle Materials Inc.** [EXP](https://www.nasdaq.com/market-activity/stocks/exp) sports a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 6.5%, on average. Shares of EXP have increased 66% in the past year.The Zacks Consensus Estimate for EXP’s 2024 sales and EPS indicates a rise of 2% and 8.4%, respectively, from the year-ago period’s levels. **Vulcan Materials Company** [VMC](https://www.nasdaq.com/market-activity/stocks/vmc) flaunts a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 7.1%, on average. Shares of VMC have increased 58.2% in the past year.The Zacks Consensus Estimate for VMC’s 2023 sales and EPS indicates a rise of 5.9% and 26.2%, respectively, from the year-ago period’s levels. **Zacks Names "Single Best Pick to Double"** From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. [Free: See Our Top Stock and 4 Runners Up >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_ANALYSTBLOG_257_07032023&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-2116087)[Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=SYND_NASDAQ_7BEST_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-2116087)[Vulcan Materials Company (VMC) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=VMC&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-2116087)[Eagle Materials Inc (EXP) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=EXP&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-2116087)[Dycom Industries, Inc. (DY) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=DY&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-2116087)[JELD-WEN Holding, Inc. (JELD) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=JELD&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-2116087)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2116087/jeld-wen-jeld-completes-446m-sale-of-australasia-business?cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-2116087)[Zacks Investment Research](https://www.zacks.com/)
Stock Price 4 days before: 17.5612
Stock Price 2 days before: 17.7696
Stock Price 1 day before: 17.2205
Stock Price at release: 17.1673
Risk-Free Rate at release: 0.0528
| 17.7245 |
Symbol: CGC
Security: Canopy Growth Corporation
Related Stocks/Topics: Stocks|HOLX|HAE|PEN
Title: Canopy Growth (CGC) Improves Liquidity With Another Selloff
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2023-07-05 01:53:00
Article: **Canopy Growth Corporation** [CGC](https://www.nasdaq.com/market-activity/stocks/cgc), a prominent North American cannabis and consumer packaged goods (CPG) company, recently completed the sale of its facility in Modesto, CA. This marks a significant step in its ongoing divestment action.With this move, the company has made progress with its organizational transformation plan, which is expected to be beneficial to Canopy Growth's business operations. **More on the Divestment Plan** With the latest transaction, a total of five facilities have now been sold for proceeds of CAD 81 million since Apr 1, 2023. Canopy Growth is on track to generate up to CAD 150 million from facility divestitures by Sep 30, 2023. **Sale to Improve Liquidity and Profitability** The decision to divest facilities aligns with Canopy Growth's organizational transformation plan, which was announced during the previous fiscal year. The sale of these assets has several key advantages, the foremost being improved liquidity. The substantial proceeds generated from these divestitures will enhance CGC’s financial flexibility and strengthen its balance sheet.Further, by offloading these sites,Canopy Growth will benefit from operational expenditure reductions. This means the company will no longer have to bear the costs associated with running these facilities, resulting in cost savings that will contribute significantly to its bottom line.As a result, Canopy Growth is now better positioned to achieve its goal of becoming an asset-light, North America-focused cannabis business.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/f7/46138.jpg?v=922155725) Image Source: Zacks Investment Research **Market Prospects in Cannabis Business** Going by a Grand View Research [report](https://www.grandviewresearch.com/industry-analysis/legal-marijuana-market), the global legal marijuana market has witnessed remarkable growth in recent years and is projected to continue its upward trajectory in the coming decade. Valued at $16.7 billion in 2022, the market is expected to expand at a robust CAGR of 25.4% from 2023 to 2030.With changing government policies, increasing demand for medical marijuana and the rise of innovative applications, the industry is poised for noteworthy growth in the coming years. As more countries embrace this flourishing sector, the global legal marijuana market is expected to revolutionize healthcare and create new economic opportunities.As the cannabis industry continues to evolve, Canopy Growth remains committed to delivering innovative products that enhance the lives of consumers while creating sustainable value for shareholders. **Share Price Performance** In the past year, shares of the company have plunged 86.2% compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/medical-products-104)’s decline of 20.5%. **Zacks Rank and Key Picks** Canopy Growth currently carries a Zacks Rank #3 (Hold). Some stocks in the broader medical space are **Haemonetics** [HAE](https://www.nasdaq.com/market-activity/stocks/hae), **Penumbra** [PEN](https://www.nasdaq.com/market-activity/stocks/pen) and **Hologic, Inc.** [HOLX](https://www.nasdaq.com/market-activity/stocks/holx).Haemonetics has an earnings yield of 4.18% compared to the industry’s -2.25%. Haemonetics’ earnings surpassed the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 12.21%. Its shares have rallied 26.5% against the industry’s 21.6% decline over the past year.HAE sports a Zacks Rank #1 (Strong Buy) at present. You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).Penumbra, sporting a Zacks Rank #1 at present, has an estimated growth rate of 64.1% for 2024. Penumbra shares have gained 173.7% compared with the industry’s 12.3% rise over the past year.PEN’s earnings surpassed estimates in all the trailing four quarters, the average surprise being 109.4%. Hologic, carrying a Zacks Rank #2 (Buy) at present, has an earnings yield of 4.78% compared to the industry’s -7.07%. Shares of HOLX have risen 15.4% compared with the industry’s 12.3% growth over the past year.Hologic’s earnings surpassed estimates in all the trailing four quarters, the average surprise being 27.3%.Disclaimer: This article has been written with the assistance of Generative AI. However, the author has reviewed, revised, supplemented, and rewritten parts of this content to ensure its originality and the precision of the incorporated information. **Zacks Names "Single Best Pick to Double"** From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. [Free: See Our Top Stock and 4 Runners Up >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_ANALYSTBLOG_256_07032023&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_medical_sector-2116040)[Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=SYND_NASDAQ_7BEST_ANALYSTBLOG_256&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_medical_sector-2116040)[Hologic, Inc. (HOLX) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HOLX&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_256&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_medical_sector-2116040)[Haemonetics Corporation (HAE) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HAE&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_256&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_medical_sector-2116040)[Penumbra, Inc. (PEN) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=PEN&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_256&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_medical_sector-2116040)[Canopy Growth Corporation (CGC) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CGC&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_256&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_medical_sector-2116040)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2116040/canopy-growth-cgc-improves-liquidity-with-another-selloff?cid=CS-NASDAQ-FT-analyst_blog|company_news_-_medical_sector-2116040)[Zacks Investment Research](https://www.zacks.com/)
Stock Price 4 days before: 0.390893
Stock Price 2 days before: 0.393215
Stock Price 1 day before: 0.560649
Stock Price at release: 0.589785
Risk-Free Rate at release: 0.0528
| 0.459499 |
Symbol: CHEF
Security: The Chefs' Warehouse, Inc.
Related Stocks/Topics: Stocks|TJX|WMT|CASY
Title: Casey's (CASY) Sets Ambitious Three-Year Strategic Plan
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2023-07-05 01:53:00
Article: **Casey’s General Stores, Inc.** [CASY](https://www.nasdaq.com/market-activity/stocks/casy) is charting a course for its future with the unveiling of a new three-year strategic plan. Leveraging its resilient business model, expanding footprint, and unwavering commitment to guest-centered convenience and restaurant-quality food, Casey’s aims to carve out a unique position in the market and establish itself as a top retailer.This third-largest convenience store retailer and the fifth-largest pizza chain in the United States has delivered exceptional performance over the past three years. With 6.5% growth in inside same-store sales in fiscal 2023 and the successful addition of more than 350 stores since 2020, the company has demonstrated its ability to thrive in a competitive landscape.Markedly, Casey’s strategic plan outlines key initiatives that will shape its growth trajectory over the next three years. **Let’s Delve Deep** With more than 2,500 stores in 16 states, Casey’s aims to strategically increase its footprint. By ensuring the right stores at the right locations with the right products, the company targets the addition of 350 stores by the end of fiscal 2026. This growth strategy involves both organic expansion and strategic acquisitions.Casey’s aims to accelerate its food business by increasing whole pie sales, introducing unique limited-time menu items, forging exclusive brand partnerships and expanding its popular thin-crust pizza. Through insights-driven innovation, the company will elevate its convenient food options to align with customer needs. [Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/cc/46142.jpg?v=299012796) Image Source: Zacks Investment ResearchThe company aims to further broaden its private label offerings, capitalizing on a selection of more than 300 premium, budget-friendly snacks and beverages carefully tailored to meet the desires and preferences of its guests. In fact, its private label products have achieved impressive penetration rates of more than 9% in both units and gross profit dollars within the grocery and general merchandise category during fiscal 2023.Casey’s Rewards, the company's flagship loyalty program boasting a membership of more than 6.5 million, has proven to be a vital tool for guest engagement. Recognizing the significance of digital technology in today's landscape, Casey’s plans to revamp its Rewards platform, introducing contemporary and personalized ways to interact with customers. By leveraging digital capabilities, the company aims to deepen its relationship with customers, fostering loyalty and driving continued growth.Through data-driven decision-making processes and the implementation of new digital store tools, Casey’s aims to enhance efficiency, reduce costs, and improve overall operations. These initiatives will benefit both team members and customers, ensuring a seamless experience. **Wrapping Up** With a resilient business model, Casey’s is strategically positioned to excel throughout the economic cycle. The newly unveiled strategic plan reflects the company's commitment to sustainable growth, targeting an impressive 8-10% compound annual growth rate for EBITDA. **Stock Performance** Shares of this Zacks Rank #3 (Hold) company have advanced 30.7% in the past year, in tandem with the [industry](https://www.zacks.com/stocks/industry-rank/industry/retail-convenience-stores-157)’s growth. **Bet Your Bucks on These 3 Hot Stocks** Here we have highlighted three better-ranked stocks, namely **The Chef’s Warehouse** [CHEF](https://www.nasdaq.com/market-activity/stocks/chef), **The TJX Companies** [TJX](https://www.nasdaq.com/market-activity/stocks/tjx) and **Walmart** [WMT](https://www.nasdaq.com/market-activity/stocks/wmt).The Chef’s Warehouse, which engages in the distribution of specialty food products, currently sports a Zacks Rank #1 (Strong Buy). CHEF has a trailing four-quarter earnings surprise of 33.8%, on average. You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link)**.The Zacks Consensus Estimate for The Chef’s Warehouse’s current fiscal-year sales and earnings suggests growth of 25.5% and 7.1%, respectively, from the year-ago reported numbers.TJX Companies, which operates as an off-price apparel and home fashion retailer, carries a Zacks Rank #2 (Buy). The expected EPS growth rate for three to five years is 10.5%.The Zacks Consensus Estimate for TJX Companies’ current financial-year sales and earnings suggests growth of 6.4% and 14.8% from the year-ago period. TJX has a trailing four-quarter earnings surprise of 4.4%, on average.Walmart, which operates a chain of hypermarkets, discount department stores and grocery stores, currently carries a Zacks Rank #2. The expected EPS growth rate for three to five years is 5.5%.The Zacks Consensus Estimate for Walmart’s current financial-year sales suggests growth of 4.2% from the year-ago period. WMT has a trailing four-quarter earnings surprise of 12%, on average.Disclaimer: This article has been written with the assistance of Generative AI. However, the author has reviewed, revised, supplemented, and rewritten parts of this content to ensure its originality and the precision of the incorporated information. **Zacks Names "Single Best Pick to Double"** From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. [Free: See Our Top Stock and 4 Runners Up >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_ANALYSTBLOG_257_07032023&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-2116043)[Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=SYND_NASDAQ_7BEST_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-2116043)[The TJX Companies, Inc. (TJX) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=TJX&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-2116043) [Walmart Inc. (WMT) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=WMT&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-2116043)[Casey's General Stores, Inc. (CASY) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CASY&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-2116043)[The Chefs' Warehouse, Inc. (CHEF) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CHEF&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-2116043) [To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2116043/casey-s-casy-sets-ambitious-three-year-strategic-plan?cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-2116043)[Zacks Investment Research](https://www.zacks.com/)
Stock Price 4 days before: 35.7549
Stock Price 2 days before: 35.5472
Stock Price 1 day before: 36.0598
Stock Price at release: 35.7441
Risk-Free Rate at release: 0.0528
| 30.7549 |
Symbol: CHUY
Security: Chuy's Holdings, Inc.
Related Stocks/Topics: Stocks|CMG|BECN|ARCO
Title: Beacon's (BECN) Four Branch Openings Propel Ambition 2025 Goals
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2023-07-05 01:53:00
Article: **Beacon Roofing Supply, Inc.** [BECN](https://www.nasdaq.com/market-activity/stocks/becn) — the largest distributor of residential and non-residential roofing materials in the United States and Canada —recently expanded its reach with the opening of new branches in Ruskin, FL, Jackson, TN, Killeen, TX, and Tyler, TX. These strategic branch openings are aligned with Beacon's Ambition 2025 goals and are expected to fuel the company's growth and success in the coming years.The new branch in Ruskin, located in Hillsborough County, serves as an additional service point for customers in the Tampa Beacon OTC network. Situated along the Interstate 75 corridor, this branch optimizes deliveries and enhances convenience for contractors involved in residential and commercial projects. By strategically positioning itself in this market, Beacon is poised to capture a larger share of the Tampa-St. Petersburg-Clearwater region.Similarly, Beacon's new branch in Jackson, situated between Nashville and Memphis on Interstate 40, allows the company to tap into the growing residential and commercial construction market in the area. By providing an extensive product range and leveraging digital tools like Beacon PRO+, the company aims to position itself as the preferred supplier for contractors in Jackson.In Killeen, Beacon strategically opened a branch to cater to the needs of Fort Cavazos (formerly Fort Hood) and the surrounding community. With a longstanding history of serving government and military bases, Beacon is proud to support the U.S. Army and its contractors. This expansion allows Beacon to provide specialized services and products tailored to the unique requirements of these customers.The new branch in Tyler is dedicated to serving lumberyard customers. Its strategic proximity to Interstate 20 enables efficient service to customers in eastern Texas.These branch openings are part of Beacon's broader growth strategy outlined in its Ambition 2025 goals. By driving above-market growth through footprint expansion, Beacon aims to solidify its position as a leading supplier of building materials. With the opening of 14 greenfield branches so far in 2023 and plans to exceed 15 by year-end, Beacon is making significant progress in achieving its Ambition 2025 goals.In addition to its organic growth strategy, Beacon has also completed four strategic acquisitions this year. This combination of organic expansion and targeted acquisitions further strengthens Beacon's market position and enhances its ability to deliver exceptional service to its customers.In conclusion, Beacon's recent branch openings in Ruskin, Jackson, Killeen and Tyler are pivotal steps toward realizing its Ambition 2025 goals. By strategically expanding its footprint and leveraging its expertise in serving various customer segments, Beacon is well-positioned for sustainable growth and market dominance. Investors can be optimistic about Beacon's future prospects as the company continues to progress toward its ambitious goals and strengthen its position in the building materials industry. **Share Price Performance** [Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/59/46153.jpg?v=1641647389) Image Source: Zacks Investment Research Shares of Beacon have surged 57.2% year to date compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/building-products-retail-25)’s 6.9% rise. The company is benefiting from solid expansion plans and digital initiatives. Earnings estimates for 2023 have increased to $6.43 per share from $6.41 per share over the past 30 days, depicting analysts’ optimism over the prospects. **Zacks Rank & Key Picks** Beacon currently carries a Zacks Rank #3 (Hold). You can see ** [the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link)**. **3 Better-Ranked Retail-Wholesale Stocks Hogging the Limelight****Chuy's Holdings, Inc.** [CHUY](https://www.nasdaq.com/market-activity/stocks/chuy) sports a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 23.4%, on average. Shares of CHUY have skyrocketed 105.2% in the past year.The Zacks Consensus Estimate for Chuy’s Holdings’ 2023 sales and EPS suggests growth of 9.9% and 27%, respectively, from the year-ago period’s levels. **Arcos Dorados Holdings Inc.** [ARCO](https://www.nasdaq.com/market-activity/stocks/arco) carries a Zacks Rank #2 (Buy). ARCO has a long-term earnings growth rate of 9.5%. The stock has rallied 46.3% in the past year.The Zacks Consensus Estimate for Arcos Dorados’ 2023 sales and EPS suggests growth of 13.4% and 4.4%, respectively, from the year-ago period’s levels. **Chipotle Mexican Grill, Inc.** [CMG](https://www.nasdaq.com/market-activity/stocks/cmg) carries a Zacks Rank #2. CMG has a long-term earnings growth rate of 31.8%. The stock has improved 60.4% in the past year.The Zacks Consensus Estimate for Chipotle’s 2023 sales and EPS suggests growth of 14.2% and 34.2%, respectively, from the year-ago period’s levels.Disclaimer: This article has been written with the assistance of Generative AI. However, the author has reviewed, revised, supplemented, and rewritten parts of this content to ensure its originality and the precision of the incorporated information. **Zacks Names "Single Best Pick to Double"** From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. [Free: See Our Top Stock and 4 Runners Up >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_ANALYSTBLOG_257_07032023&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-2116036)[Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=SYND_NASDAQ_7BEST_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-2116036)[Chipotle Mexican Grill, Inc. (CMG) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CMG&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-2116036)[Beacon Roofing Supply, Inc. (BECN) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=BECN&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-2116036)[Chuy's Holdings, Inc. (CHUY) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CHUY&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-2116036)[Arcos Dorados Holdings Inc. (ARCO) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ARCO&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-2116036) [To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2116036/beacon-s-becn-four-branch-openings-propel-ambition-2025-goals?cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-2116036)[Zacks Investment Research](https://www.zacks.com/)
Stock Price 4 days before: 40.8191
Stock Price 2 days before: 40.8348
Stock Price 1 day before: 41.8028
Stock Price at release: 41.276
Risk-Free Rate at release: 0.0528
| 41.4229 |
Symbol: AKRO
Security: Akero Therapeutics, Inc.
Related Stocks/Topics: Stocks|ALNY|ADMA|ADAP
Title: Alnylam (ALNY) Announces FDA Committee Onpattro sNDA Review Date
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2023-07-05 01:53:00
Article: **Alnylam Pharmaceuticals** [ALNY](https://www.nasdaq.com/market-activity/stocks/alny) announced that the FDA’s Cardiovascular and Renal Drugs Advisory Committee is scheduled to meet on Sep 13, 2023, to review the supplemental new drug application (sNDA) for patisiran in the treatment for the cardiomyopathy of transthyretin-mediated (ATTR) amyloidosis.A final decision from the FDA is expected on Oct 8, 2023. Patisiran is currently marketed as Onpattro in the United States and Europe for the treatment of the polyneuropathy of hereditary transthyretin-mediated amyloidosis in adults. Onpattro is the first and only FDA-approved treatment for this indication.Year to date, shares of Alnylam have declined 20% compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/medical-biomedical-and-genetics-105)’s 10.1% fall.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/42/46115.jpg?v=1447568201) Image Source: Zacks Investment ResearchWe would like to remind the investors that Alnylam filed the sNDA in December 2022 to expand the label of Onpattro in ATTR amyloidosis patients with cardiomyopathy. The sNDA application was based on positive results from the APOLLO-B study.In September 2022, ALNY reported that the phase III APOLLO-B study, evaluating patisiran for the treatment of ATTR amyloidosis with cardiomyopathy, met its primary endpoint of change from baseline in the 6-Minute Walk Test versus placebo at 12 months. The study also met the first secondary endpoint of change from baseline in quality of life versus placebo. Furthermore, in May 2023, the company announced new positive results from an interim analysis of exploratory data from the open-label extension (OLE) period of the phase III APOLLO-B study of patisiran for the treatment of ATTR amyloidosis with cardiomyopathy.The interim analysis was carried out on the 18-month data of the APOLLO-B study. Results indicated that the previously achieved primary endpoint, health status and quality of life, observed at the end of 12 months of the same study, were sustained with continued treatment with patisiran during the OLE period (at the end of 18 months).Alnylam has reportedly submitted the 18-month data from the interim analysis of the OLE period to the FDA as an amendment to the sNDA for patisiran for the treatment of the cardiomyopathy of ATTR amyloidosis.Currently, Onpattro revenues are witnessing a steady decline as more and more patients are shifting to another drug in Alnylam’s portfolio, Amvuttra (vutrisiran). Amvuttra received FDA approval in June 2022, for the treatment of adult patients with polyneuropathy of hereditary transthyretin-mediated (hATTR) amyloidosis. Amvuttra is also approved in the EU for the treatment of hATTR amyloidosis in adult patients with stage 1 or stage 2 polyneuropathy. **Alnylam Pharmaceuticals, Inc. Price and Consensus** [](https://www.zacks.com/stock/chart/ALNY/price-consensus-chart?icid=chart-ALNY-price-consensus-chart)[Alnylam Pharmaceuticals, Inc. price-consensus-chart](https://www.zacks.com/stock/chart/ALNY/price-consensus-chart?icid=chart-ALNY-price-consensus-chart) | [Alnylam Pharmaceuticals, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/alny) **Zacks Rank and Stocks to Consider** Alnylam currently has a Zacks Rank #3 (Hold).Some better-ranked stocks in the biotech sector are **Adaptimmune Therapeutics** [ADAP](https://www.nasdaq.com/market-activity/stocks/adap), **Akero Therapeutics** [AKRO](https://www.nasdaq.com/market-activity/stocks/akro) and **ADMA Biologics, Inc.** [ADMA](https://www.nasdaq.com/market-activity/stocks/adma), each carrying a Zacks Rank #2 (Buy) at present. You can see** [the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link). **In the past 90 days, the Zacks Consensus Estimate for Adaptimmune Therapeutics’ 2023 loss per share has narrowed from 63 cents to 46 cents. During the same period, the estimate for Adaptimmune Therapeutics’ 2024 loss per share has narrowed from 59 cents to 56 cents. Year to date, shares of ADAP have fallen by 36.7%.ADAP beat estimates in each of the trailing four quarters, delivering an average earnings surprise of 36.89%.In the past 90 days, the Zacks Consensus Estimate for Akero Therapeutics’ 2023 loss per share has narrowed from $2.96 to $2.80. During the same period, the estimate for Akero Therapeutics’ 2024 loss per share has narrowed from $3.40 to $3.27. Year to date, shares of AKRO have lost 14.8%. AKRO beat estimates in three of the trailing four quarters, missing the mark on one occasion, delivering an average earnings surprise of 7.96%.In the past 90 days, the Zacks Consensus Estimate for ADMA Biologics’ 2023 loss per share has narrowed from 14 cents to 9 cents. The consensus estimate for 2024 earnings is currently pegged at 7 cents per share. Year to date, shares of ADMA have lost 4.9%.ADMA beat estimates in each of the trailing four quarters, delivering an average earnings surprise of 19.13%. **Zacks Names "Single Best Pick to Double"** From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. [Free: See Our Top Stock and 4 Runners Up >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_ANALYSTBLOG_256_07032023&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_medical_sector-2116015)[Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=SYND_NASDAQ_7BEST_ANALYSTBLOG_256&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_medical_sector-2116015)[Alnylam Pharmaceuticals, Inc. (ALNY) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=ALNY&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_256&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_medical_sector-2116015)[ADMA Biologics Inc (ADMA) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ADMA&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_256&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_medical_sector-2116015)[Adaptimmune Therapeutics PLC (ADAP) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ADAP&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_256&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_medical_sector-2116015)[Akero Therapeutics, Inc. (AKRO) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=AKRO&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_256&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_medical_sector-2116015)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2116015/alnylam-alny-announces-fda-committee-onpattro-snda-review-date?cid=CS-NASDAQ-FT-analyst_blog|company_news_-_medical_sector-2116015)[Zacks Investment Research](https://www.zacks.com/)
Stock Price 4 days before: 46.5121
Stock Price 2 days before: 45.9706
Stock Price 1 day before: 44.512
Stock Price at release: 44.7099
Risk-Free Rate at release: 0.0528
| 44.3714 |
Symbol: ALGT
Security: Allegiant Travel Company
Related Stocks/Topics: Stocks|DAL|CPA
Title: Delta Air Lines (DAL) Inks Deal to Boost Footprint in Israel
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2023-07-05 01:53:00
Article: **Delta Air Lines** [DAL](https://www.nasdaq.com/market-activity/stocks/dal) and EL AL Israel Airlines have announced a strategic partnership aimed at providing more convenient travel options for customers flying between the United States and Israel. The agreement will involve reciprocal codeshare and frequent flyer benefits, allowing passengers to earn and redeem miles on both carriers. Initially, customers will be able to check in for their entire journey and have their boarding passes issued and bags checked through to their destination.Delta Air Lines, with its U.S. gateways in Atlanta, Boston and New York-JFK, offers up to 200 same-day connections from Tel Aviv. EL AL, on the other hand, provides non-stop service to Tel Aviv from Boston and New York-JFK, as well as from Los Angeles, Miami and Newark. Both airlines plan to add their respective codes to each other's operated flights in the future, further expanding the range of destinations available to customers. The partnership is expected to strengthen Delta's connection to Israel and enhance its global network. Matteo Curcio, Delta's senior vice president for Europe, the Middle East, Africa, and India, expressed the company's commitment to better connecting customers around the world through enhanced partnerships. By collaborating closely with EL AL, Delta aims to offer its customers unrivaled access to destinations across the United States.We believe that the decision to ink a deal with EL AL is a prudent move by Delta’s management. By expanding its network and improving connectivity, this Atlanta-based carrier can attract more customers and generate additional revenues. The ability to earn and redeem miles on both carriers will also be appealing to frequent flyers, potentially increasing customer loyalty and engagement. **Zacks Rank & Key Picks** Delta currently carries a Zacks Rank #3 (Hold). Investors interested in the Zacks [Airline ](https://www.zacks.com/stocks/industry-rank/industry/transportation-airline-187) industry may consider stocks like **Copa Holdings** [CPA](https://www.nasdaq.com/market-activity/stocks/cpa) and **Allegiant Travel Company** [ALGT](https://www.nasdaq.com/market-activity/stocks/algt), each sporting a Zacks Rank #1 (Strong Buy) at present. You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link)**. **Copa Holdings is benefiting from an improvement in air travel demand. In first-quarter 2023, passenger revenues increased 28.5% from first-quarter 2019 levels due to higher yields.CPA’s focus on its cargo segment is encouraging. In first-quarter 2023, cargo and mail revenues grew 51.8% from the first quarter of 2019 on higher cargo volumes and yields. Copa Holdings' fleet modernization and cost-management efforts are commendable as well. The Zacks Consensus Estimate for CPA’s current-year earnings has been revised 25.08% upward over the past 60 days.Allegiant is seeing a steady recovery in leisure air travel demand. In first-quarter 2023, this Las Vegas, NV-based company’s operating revenues grew 29.9% on a year-over-year basis. Passenger revenues, accounting for 93.7% of the top line, increased 31.3% on a year-over-year basis.Allegiant's fleet modernization efforts are encouraging. The Zacks Consensus Estimate for ALGT's current-year earnings has been revised 41% upward in the past 60 days.Disclaimer: This article has been written with the assistance of Generative AI. However, the author has reviewed, revised, supplemented, and rewritten parts of this content to ensure its originality and the precision of the incorporated information. **Zacks Names "Single Best Pick to Double"** From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. [Free: See Our Top Stock and 4 Runners Up >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_ANALYSTBLOG_257_07032023&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-2116016)[Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=SYND_NASDAQ_7BEST_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-2116016)[Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=DAL&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-2116016)[Copa Holdings, S.A. (CPA) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CPA&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-2116016)[Allegiant Travel Company (ALGT) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=ALGT&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-2116016)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2116016/delta-air-lines-dal-inks-deal-to-boost-footprint-in-israel?cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-2116016)[Zacks Investment Research](https://www.zacks.com/)
Stock Price 4 days before: 126.665
Stock Price 2 days before: 127.04
Stock Price 1 day before: 128.907
Stock Price at release: 127.751
Risk-Free Rate at release: 0.0528
| 115.852 |
Symbol: AUPH
Security: Aurinia Pharmaceuticals Inc.
Related Stocks/Topics: Stocks|NVS|AKRO|OMGA
Title: Aurinia (AUPH) Up on Paving the Way for a Potential Buyout
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2023-07-05 01:53:00
Article: **Aurinia Pharmaceuticals** [AUPH](https://www.nasdaq.com/market-activity/stocks/auph) rose almost 5.8% on Jun 30, as management announced that it is exploring strategic alternatives for the company’s future.AUPH will consider a range of options, including a sale, merger, or other strategic transactions. The company focuses on developing therapies for patients with autoimmune, kidney and rare diseases. Its only marketed product is Lupkynis, an oral therapy approved to treat adult patients with active lupus nephritis.Lupkynis, approved by the FDA in 2021, was the first drug to receive the federal agency’s approval for lupus nephritis. It generated a net product revenue of $34.4 million in the first quarter of 2023.In May 2023, the company revised its net product revenue guidance for fiscal 2023. It raised its projection to a range of $135-$155 million from the previously anticipated $120-$140 million. This increase reflects the expected growth in sales of Lupkynis.Aurinia’s pre-clinical development candidates include AUR200 and AUR300. AUR200 is a recombinant Fc fusion protein. The company plans to submit an investigational new drug application to the FDA for the candidate in 2023.If successful, AUR200 could become a valuable treatment option for certain autoimmune and kidney conditions. Shares of Aurinia have rallied 124% year to date against the [industry](https://www.zacks.com/stocks/industry-rank/industry/medical-biomedical-and-genetics-105)’s 2.7% decline.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/cc/46119.jpg?v=78428489) Image Source: Zacks Investment ResearchWhile the company has not divulged a specific timeline for the completion of the strategic process yet, it aims to conduct a thorough evaluation of all available options. AUPH acknowledges that there is no guarantee for any specific outcome from this trial.The decision to pursue various business growth alternatives comes from a commitment to ensure the best interests of the company, its shareholders and other key stakeholders.In addition to the announcement regarding strategic alternatives, the company has accepted the resignations of two directors, George Milne and Joseph Hagan. They received less than majority support during Aurinia's annual general meeting on May 17, 2023, which prompted their departure. **Aurinia Pharmaceuticals Inc Price and Consensus** [](https://www.zacks.com/stock/chart/AUPH/price-consensus-chart?icid=chart-AUPH-price-consensus-chart)[Aurinia Pharmaceuticals Inc price-consensus-chart](https://www.zacks.com/stock/chart/AUPH/price-consensus-chart?icid=chart-AUPH-price-consensus-chart) | [Aurinia Pharmaceuticals Inc Quote](https://www.nasdaq.com/market-activity/stocks/auph)**Zacks Rank & Stocks to Consider** Aurinia currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the overall healthcare sector are **Novartis** [NVS](https://www.nasdaq.com/market-activity/stocks/nvs), **Akero** **Therapeutics** [AKRO](https://www.nasdaq.com/market-activity/stocks/akro) and **Omega** **Therapeutics** [OMGA](https://www.nasdaq.com/market-activity/stocks/omga), each carrying a Zacks Rank #2 (Buy) at present. You can see [the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link)**. **The Zacks Consensus Estimate for Novartis’ 2023 earnings has gone up from $6.56 per share to $6.74 in the past 90 days. Shares of Novartis have risen 11.2% year to date.NVS’ earnings beat estimates in each of the trailing four quarters, delivering an average surprise of 5.15%. The consensus estimate for Akero Therapeutics has narrowed from a loss of $2.96 per share to a loss of $2.80 for 2023 in the past 90 days. Shares of Akero Therapeutics have nosedived 14.8% year to date.AKRO’s earnings beat estimates in each of the trailing four quarters, delivering an average surprise of 19.13%.The consensus mark for Omega Therapeutics has narrowed from a loss of $2.49 per share to a loss of $2.05 for 2023 in the past 90 days. Shares of the company have rallied 0.2% year to date.OMGA’s earnings beat estimates in two of the trailing four quarters, met the mark in one and missed in another, delivering an average surprise of 8.24%. **Zacks Names "Single Best Pick to Double"** From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. [Free: See Our Top Stock and 4 Runners Up >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_ANALYSTBLOG_256_07032023&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_medical_sector-2116082)[Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=SYND_NASDAQ_7BEST_ANALYSTBLOG_256&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_medical_sector-2116082)[Novartis AG (NVS) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=NVS&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_256&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_medical_sector-2116082)[Aurinia Pharmaceuticals Inc (AUPH) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=AUPH&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_256&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_medical_sector-2116082)[Akero Therapeutics, Inc. (AKRO) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=AKRO&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_256&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_medical_sector-2116082)[Omega Therapeutics, Inc. (OMGA) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=OMGA&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_256&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_medical_sector-2116082)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2116082/aurinia-auph-up-on-paving-the-way-for-a-potential-buyout?cid=CS-NASDAQ-FT-analyst_blog|company_news_-_medical_sector-2116082)[Zacks Investment Research](https://www.zacks.com/)
Stock Price 4 days before: 9.9537
Stock Price 2 days before: 9.7588
Stock Price 1 day before: 9.97293
Stock Price at release: 10.0253
Risk-Free Rate at release: 0.0528
| 10.5903 |
Symbol: AKRO
Security: Akero Therapeutics, Inc.
Related Stocks/Topics: Stocks|NVS|AUPH|OMGA
Title: Aurinia (AUPH) Up on Paving the Way for a Potential Buyout
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2023-07-05 01:53:00
Article: **Aurinia Pharmaceuticals** [AUPH](https://www.nasdaq.com/market-activity/stocks/auph) rose almost 5.8% on Jun 30, as management announced that it is exploring strategic alternatives for the company’s future.AUPH will consider a range of options, including a sale, merger, or other strategic transactions. The company focuses on developing therapies for patients with autoimmune, kidney and rare diseases. Its only marketed product is Lupkynis, an oral therapy approved to treat adult patients with active lupus nephritis.Lupkynis, approved by the FDA in 2021, was the first drug to receive the federal agency’s approval for lupus nephritis. It generated a net product revenue of $34.4 million in the first quarter of 2023.In May 2023, the company revised its net product revenue guidance for fiscal 2023. It raised its projection to a range of $135-$155 million from the previously anticipated $120-$140 million. This increase reflects the expected growth in sales of Lupkynis.Aurinia’s pre-clinical development candidates include AUR200 and AUR300. AUR200 is a recombinant Fc fusion protein. The company plans to submit an investigational new drug application to the FDA for the candidate in 2023.If successful, AUR200 could become a valuable treatment option for certain autoimmune and kidney conditions. Shares of Aurinia have rallied 124% year to date against the [industry](https://www.zacks.com/stocks/industry-rank/industry/medical-biomedical-and-genetics-105)’s 2.7% decline.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/cc/46119.jpg?v=78428489) Image Source: Zacks Investment ResearchWhile the company has not divulged a specific timeline for the completion of the strategic process yet, it aims to conduct a thorough evaluation of all available options. AUPH acknowledges that there is no guarantee for any specific outcome from this trial.The decision to pursue various business growth alternatives comes from a commitment to ensure the best interests of the company, its shareholders and other key stakeholders.In addition to the announcement regarding strategic alternatives, the company has accepted the resignations of two directors, George Milne and Joseph Hagan. They received less than majority support during Aurinia's annual general meeting on May 17, 2023, which prompted their departure. **Aurinia Pharmaceuticals Inc Price and Consensus** [](https://www.zacks.com/stock/chart/AUPH/price-consensus-chart?icid=chart-AUPH-price-consensus-chart)[Aurinia Pharmaceuticals Inc price-consensus-chart](https://www.zacks.com/stock/chart/AUPH/price-consensus-chart?icid=chart-AUPH-price-consensus-chart) | [Aurinia Pharmaceuticals Inc Quote](https://www.nasdaq.com/market-activity/stocks/auph)**Zacks Rank & Stocks to Consider** Aurinia currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the overall healthcare sector are **Novartis** [NVS](https://www.nasdaq.com/market-activity/stocks/nvs), **Akero** **Therapeutics** [AKRO](https://www.nasdaq.com/market-activity/stocks/akro) and **Omega** **Therapeutics** [OMGA](https://www.nasdaq.com/market-activity/stocks/omga), each carrying a Zacks Rank #2 (Buy) at present. You can see [the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link)**. **The Zacks Consensus Estimate for Novartis’ 2023 earnings has gone up from $6.56 per share to $6.74 in the past 90 days. Shares of Novartis have risen 11.2% year to date.NVS’ earnings beat estimates in each of the trailing four quarters, delivering an average surprise of 5.15%. The consensus estimate for Akero Therapeutics has narrowed from a loss of $2.96 per share to a loss of $2.80 for 2023 in the past 90 days. Shares of Akero Therapeutics have nosedived 14.8% year to date.AKRO’s earnings beat estimates in each of the trailing four quarters, delivering an average surprise of 19.13%.The consensus mark for Omega Therapeutics has narrowed from a loss of $2.49 per share to a loss of $2.05 for 2023 in the past 90 days. Shares of the company have rallied 0.2% year to date.OMGA’s earnings beat estimates in two of the trailing four quarters, met the mark in one and missed in another, delivering an average surprise of 8.24%. **Zacks Names "Single Best Pick to Double"** From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. [Free: See Our Top Stock and 4 Runners Up >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_ANALYSTBLOG_256_07032023&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_medical_sector-2116082)[Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=SYND_NASDAQ_7BEST_ANALYSTBLOG_256&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_medical_sector-2116082)[Novartis AG (NVS) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=NVS&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_256&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_medical_sector-2116082)[Aurinia Pharmaceuticals Inc (AUPH) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=AUPH&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_256&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_medical_sector-2116082)[Akero Therapeutics, Inc. (AKRO) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=AKRO&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_256&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_medical_sector-2116082)[Omega Therapeutics, Inc. (OMGA) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=OMGA&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_256&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_medical_sector-2116082)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2116082/aurinia-auph-up-on-paving-the-way-for-a-potential-buyout?cid=CS-NASDAQ-FT-analyst_blog|company_news_-_medical_sector-2116082)[Zacks Investment Research](https://www.zacks.com/)
Stock Price 4 days before: 46.5121
Stock Price 2 days before: 45.9706
Stock Price 1 day before: 44.512
Stock Price at release: 44.7099
Risk-Free Rate at release: 0.0528
| 44.3714 |
Symbol: JACK
Security: Jack in the Box Inc.
Related Stocks/Topics: Stocks|BJRI|CHUY|ARCO
Title: Here's Why You Should Retain Jack in the Box (JACK) Stock
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2023-07-05 01:58:00
Article: **Jack in the Box Inc.** [JACK](https://www.nasdaq.com/market-activity/stocks/jack) is likely to benefit from digital initiatives, expansion efforts and reimaging program. Also, its focus on Del Taco Restaurants’ business bodes well. However, commodity inflation is a concern.Let us discuss the factors that highlight why investors should retain the stock for the time being. **Growth Catalysts** Jack in the Box is focused on its digital platforms for enhancing overall guest experiences and customer satisfaction. In second-quarter fiscal 2023, the company zeroed in on two POS providers, which will be finalized by the fiscal third quarter. The POS rollout will assist in driving down cost of the system. Also, it emphasized on technological investments covering applications, software and tools (like digital menu boards), AI and personalized in-store ordering. The company announced the roll out of InMoment Spotlight, an advanced AI analytics software. The initiative focuses on improving the omnichannel guest experience with quality products and services.The company focuses on repairing its franchisee relationship, mapping markets and rebuilding its store pipeline to drive growth. As of second-quarter fiscal 2023, the company was awarded 76 development agreements to open 335 new restaurants, of which 27 have already opened and 308 are in the pipeline for future development. The company also announced the addition of Montana and Wyoming markets and Florida and Arkansas. Given the substantial progress in terms of the franchise development program, the company anticipates achieving a long-term net unit growth goal of 4% by 2025. Also, it expects to have Jack in the Box restaurants in 40 states by 2030.The emphasis on the reimaging program bodes well. In second-quarter fiscal 2023, the company stated that there are currently 405 reimaged forms submitted by franchise owners, of which 71 are in the design and permitting stage. In terms of recent remodel performance, the company reported a 14% increase in average net sales from pre- to post-remodel in fiscal first-quarter 2023. With solid participation from its franchisees, the company anticipates the program to be a driving factor of sales in the upcoming periods. Jack in the Box emphasizes on the Del Taco Restaurants acquisition to drive growth. During second-quarter fiscal 2023, same-store sales rose 3.2%, comprising franchise same-store sales growth of 2.8% and company-operated same-store sales growth of 3.5%. During the quarter, the company reported three franchise openings with no company-owned closure. Subsequent to the quarter, the company also refranchised 17 Del Taco restaurants in Las Vegas to an existing Del Taco franchisee. This included development agreements for 10 new Del Taco restaurants to be built in Las Vegas, Wyoming and Montana.Given the unit-expansion efforts coupled with an emphasis on the Del Yeah! Rewards program, the company anticipates the initiatives to better target guests and drive average spend and frequency in the upcoming periods.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/4e/46133.jpg?v=2072701558) Image Source: Zacks Investment ResearchIn the past three months, shares of Jack in the Box have gained 10.6% compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/retail-restaurants-160)’s 3.3% growth. **Concerns** The company is persistently shouldering higher expenses, which have been detrimental to margins. During the fiscal second quarter, the company reported a rise in commodity inflation, advertising cost, wage inflation and higher utilities and maintenance and repair costs. In the second quarter of fiscal 2023, the company witnessed a 4.8% wage inflation and a 7.7% commodity inflation. Commodity costs grew due to a rise in price in nearly all categories, except pork and beef. The maximum impact was seen in sauces, potatoes, beverages and bakery. The company stated concerns about a challenging inflationary environment in 2023. For fiscal 2023, the company expects commodity cost inflation to be up 7-9% compared with fiscal 2022. **Zacks Rank & Key Picks** Jack in the Box currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the [Retail-Wholesale](https://www.zacks.com/stocks/industry-rank/sector/retail-wholesale-3) sector include:**Chuy's Holdings, Inc.** [CHUY](https://www.nasdaq.com/market-activity/stocks/chuy) sports a Zacks Rank #1 (Strong Buy). The company has a trailing four-quarter earnings surprise of 23.4%, on average. Shares of CHUY have skyrocketed 97.1% in the past year. You can see [the complete list of today’s Zacks Rank #1 stocks here.](https://www.zacks.com/stocks/buy-list/?adid=ZP_quote_ribbon_1list&icid=quote-stock_overview-zp_internal-zacks_premium-top_ribbon-1_rank) The Zacks Consensus Estimate for Chuy’s Holdings’ 2023 sales and EPS suggests growth of 9.9% and 27%, respectively, from the year-ago period’s levels. **BJ's Restaurants, Inc.** [BJRI](https://www.nasdaq.com/market-activity/stocks/bjri) sports a Zacks Rank #1. BJRI has a long-term earnings growth rate of 15%. The stock has improved 44% in the past year.The Zacks Consensus Estimate for BJ's Restaurants’ 2023 sales and EPS suggests growth of 5.5% and 311.8%, respectively, from the year-ago period’s levels. **Arcos Dorados Holdings Inc.** [ARCO](https://www.nasdaq.com/market-activity/stocks/arco) carries a Zacks Rank #2 (Buy). ARCO has a long-term earnings growth rate of 9.5%. The stock has rallied 48.3% in the past year.The Zacks Consensus Estimate for Arcos Dorados’ 2023 sales and EPS suggests growth of 13.4% and 4.4%, respectively, from the year-ago period’s levels. **Zacks Names "Single Best Pick to Double"** From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. [Free: See Our Top Stock and 4 Runners Up >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_ANALYSTBLOG_283_07032023&cid=CS-NASDAQ-FT-analyst_blog|rank_focused-2116030)[Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=SYND_NASDAQ_7BEST_ANALYSTBLOG_283&cid=CS-NASDAQ-FT-analyst_blog|rank_focused-2116030)[BJ's Restaurants, Inc. (BJRI) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=BJRI&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_283&cid=CS-NASDAQ-FT-analyst_blog|rank_focused-2116030)[Janus Henderson Sustainable & Impact Core Bond ETF (JACK) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=JACK&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_283&cid=CS-NASDAQ-FT-analyst_blog|rank_focused-2116030) [Chuy's Holdings, Inc. (CHUY) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CHUY&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_283&cid=CS-NASDAQ-FT-analyst_blog|rank_focused-2116030)[Arcos Dorados Holdings Inc. (ARCO) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ARCO&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_283&cid=CS-NASDAQ-FT-analyst_blog|rank_focused-2116030) [To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2116030/here-s-why-you-should-retain-jack-in-the-box-jack-stock?cid=CS-NASDAQ-FT-analyst_blog|rank_focused-2116030)[Zacks Investment Research](https://www.zacks.com/)
Stock Price 4 days before: 97.53
Stock Price 2 days before: 97.2041
Stock Price 1 day before: 97.5762
Stock Price at release: 96.5985
Risk-Free Rate at release: 0.0528
| 94.9733 |
Symbol: KOP
Security: Koppers Holdings Inc.
Related Stocks/Topics: Stocks|FSTR|AKZOY|LIN
Title: AkzoNobel (AKZOY) New Investments to Fuel North American Growth
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2023-07-05 01:58:00
Article: **AkzoNobel N.V.** [AKZOY](https://www.nasdaq.com/market-activity/stocks/akzoy), a leading global paints and coatings company, is taking steps to improve its North America industrial operations and deliver innovative solutions to customers in the region. The company's latest investments include a state-of-the-art pilot manufacturing plant in Huron, OH, and a new regional research and development center in High Point, NC. With a focus on advanced technologies, AkzoNobel aims to create groundbreaking advancements in its industrial operations and enhance its product offerings.By harnessing the power of data analytics, AkzoNobel aims to transform its manufacturing processes, ensuring agility in response to market changes and customer demands. This approach enables seamless information flow from the laboratory to the factory floor, resulting in improved efficiency and customer satisfaction.The new R&D center in High Point will primarily serve AkzoNobel's Wood Coatings business. By bringing together multidisciplinary teams of researchers, the company aims to drive innovation and develop cutting-edge solutions for its customers. Moreover, the R&D center will expedite the process of transferring new discoveries from the laboratory to manufacturing production plants, ensuring a swift response to market demands.The pilot manufacturing plant in Huron will join AkzoNobel's global network of pilot plants and support its Packaging, Marine and Automotive businesses. Ohio, with its strategic location and existing AkzoNobel facilities in Huron, Strongsville, Springfield, and Columbus, has the company's largest footprint in North America. This expansion reinforces AkzoNobel's commitment to the region and positions it for continued success.In addition to the new R&D center in High Point, AkzoNobel maintains a network of R&D centers across North America, supporting its Performance Coatings businesses. These centers, located in Troy, MI, Strongsville, OH, Houston, TX, Flying Hills, PA and Lancaster, SC, enable the company to invest in science and technology while providing direct access to sustainable product development for its customers.AkzoNobel's investments in advanced technologies, including the new pilot plant in Huron and the R&D center in High Point, signify the company's dedication to delivering innovative solutions and driving step-change improvements in its North America operations. These strategic moves ensure AkzoNobel's position as a frontrunner in the industry and set the stage for transformative growth.AKZOY’s shares have rallied 24.4% in the past year compared with the 12.4% rise of its [industry](https://www.zacks.com/stocks/industry-rank/industry/chemical-diversified-34). The Zacks Consensus Estimate for the company’s current-year earnings has been revised 1.4% upward in the past 60 days.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/02/46112.jpg?v=473747430) Image Source: Zacks Investment ResearchAkzoNobel expects its organic volume growth to be impacted by the ongoing macro-economic uncertainties. It is taking actions to manage margins, reduce costs, normalize working capital and de-leverage its balance sheet. Its cost-cutting actions are expected to mitigate the sustained pressure from inflation in operating costs this year. AKZOY sees decreasing raw material costs to favorably impact its profitability in 2023. **Akzo Nobel NV Price and Consensus** [](https://www.zacks.com/stock/chart/AKZOY/price-consensus-chart?icid=chart-AKZOY-price-consensus-chart)[Akzo Nobel NV price-consensus-chart](https://www.zacks.com/stock/chart/AKZOY/price-consensus-chart?icid=chart-AKZOY-price-consensus-chart) | [Akzo Nobel NV Quote](https://www.nasdaq.com/market-activity/stocks/akzoy)**Zacks Rank & Key Picks** AKZOY currently has a Zacks Rank #3 (Hold).Better-ranked stocks worth a look in the basic materials space include **L.B. Foster Company** [FSTR](https://www.nasdaq.com/market-activity/stocks/fstr), **Koppers Holdings Inc.** [KOP](https://www.nasdaq.com/market-activity/stocks/kop) and **Linde plc** [LIN](https://www.nasdaq.com/market-activity/stocks/lin).L.B. Foster currently carries a Zacks Rank #1 (Strong Buy). The Zacks Consensus Estimate for FSTR's current-year earnings has been stable over the past 60 days. You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?adid=ZP_quote_ribbon_1list&icid=zpi_quote_ribbon_1list)**.L.B. Foster’s earnings beat the Zacks Consensus Estimate in each of the last four quarters. It has a trailing four-quarter earnings surprise of roughly 140.5%, on average. FSTR shares have gained around 11% in a year.Koppers currently carries a Zacks Rank #2 (Buy). The Zacks Consensus Estimate for KOP’s current-year earnings has been stable over the past 60 days.The consensus estimate for current-year earnings for KOP is currently pegged at $4.40, reflecting an expected year-over-year growth of 6.3%. Koppers’ shares have rallied roughly 48% in the past year.Linde currently carries a Zacks Rank #2. The Zacks Consensus Estimate for LIN’s current-year earnings has been revised 1% upward in the past 60 days.Linde beat the Zacks Consensus Estimate in each of the last four quarters. It delivered a trailing four-quarter earnings surprise of 6.9% on average. LIN shares have risen roughly 33% in the past year.Disclaimer: This article has been written with the assistance of Generative AI. However, the author has reviewed, revised, supplemented, and rewritten parts of this content to ensure its originality and the precision of the incorporated information. **Zacks Names "Single Best Pick to Double"** From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. [Free: See Our Top Stock and 4 Runners Up >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_ANALYSTBLOG_257_07032023&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-2115979)[Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=SYND_NASDAQ_7BEST_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-2115979)[L.B. Foster Company (FSTR) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=FSTR&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-2115979)[Koppers Holdings Inc. (KOP) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=KOP&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-2115979)[Akzo Nobel NV (AKZOY) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=AKZOY&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-2115979)[Linde PLC (LIN) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=LIN&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-2115979)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2115979/akzonobel-akzoy-new-investments-to-fuel-north-american-growth?cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-2115979)[Zacks Investment Research](https://www.zacks.com/)
Stock Price 4 days before: 34.0945
Stock Price 2 days before: 33.924
Stock Price 1 day before: 34.4277
Stock Price at release: 34.3075
Risk-Free Rate at release: 0.0528
| 38.1974 |
Symbol: GLP
Security: Global Partners LP
Related Stocks/Topics: Stocks|EPM|NOG|RGCO
Title: Northern (NOG) Closes Forge Delaware Basin Acquisition Deal
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2023-07-05 01:58:00
Article: **Northern Oil and Gas Inc. (**NOG**)**closed its previously announced [deal](https://www.zacks.com/stock/news/2097436/northern-nog-signs-deal-to-buy-texas-assets-for-162m) of acquiring Delaware Basin assets. NOG, together with another independent operator Vital Energy, completed the purchase of certain non-operated properties of Forge Energy II (a privately held upstream company) on Jun 30, 2023.NOG and Vital also signed joint operating agreements in connection with the transaction, including a multi-year development strategy for the Forge assets. Per the terms of the deal, Northern made a cash payment of $167.9 million at closing. The properties, situated mainly in Ward and Reeves counties, TX, include some 10,200 net acres, 30.5 producing wells and 2.3 wells-in-progress to go with around 20 undeveloped sites. The Delaware Basin assets are expected to produce an average of 3,750 barrels of oil equivalent per day (79% oil) in the second half of 2023. With the acreage’s low operating costs, this would require just $17 million in capital spending this year.While Vital Energy operates the assets, the acquisition adds to Northern’s position in the Permian Basin and is expected to be accretive to multiple metrics. Adding to the transaction’s value, a major portion of the output from the acquired fields has hedges in place through 2026. **Zacks Rank & Key Picks** NOG currently carries a Zack Rank #3 (Hold).Some better-ranked stocks for investors interested in the [energy](https://www.zacks.com/stocks/industry-rank/sector/oils-energy-12) sector are **Evolution Petroleum Corporation** [EPM](https://www.nasdaq.com/market-activity/stocks/epm), **Global Partners LP** [GLP](https://www.nasdaq.com/market-activity/stocks/glp) and **RGC Resources Inc.** [RGCO](https://www.nasdaq.com/market-activity/stocks/rgco). While both Evolution Petroleum and Global Partners sport a Zacks Rank #1 (Strong Buy), RGC Resources carries a Zacks Rank #2 (Buy) at present. You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list?adid=ZP_quote_ribbon_1list&icid=quote-detailed_estimates-zp_internal-zacks_premium-top_ribbon-1_rank).Evolution Petroleum is an independent energy company. It was formed to acquire and develop oil and gas fields and apply both conventional and specialized technology to accelerate production, particularly in low-permeability reservoirs. EPM has witnessed an upward earnings estimate revision for 2023 and 2024 in the past 60 days. Global Partners is an adaptive distribution energy company that sources low-cost energy in bulk and transports products through its vertically integrated adaptive distribution network to wholesale, commercial and retail customers in New England. It has witnessed an upward earnings estimate revision for 2023 and 2024 in the past 60 days.RGC Resources is a holding company that offers energy and associated products and services through its operational subsidiaries — Roanoke Gas Company and RGC Midstream, LLC. RGCO has thousands of customers through its natural gas distribution companies that serve the Roanoke Valley and Bluefield, Virginia and West Virginia areas. **Zacks Names "Single Best Pick to Double"** From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. [Free: See Our Top Stock and 4 Runners Up >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_ANALYSTBLOG_254_07032023&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_energy_sector-2116054)[Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=SYND_NASDAQ_7BEST_ANALYSTBLOG_254&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_energy_sector-2116054)[Global Partners LP (GLP) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=GLP&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_254&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_energy_sector-2116054)[Evolution Petroleum Corporation, Inc. (EPM) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=EPM&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_254&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_energy_sector-2116054)[Northern Oil and Gas, Inc. (NOG) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=NOG&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_254&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_energy_sector-2116054)[RGC Resources Inc. (RGCO) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=RGCO&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_254&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_energy_sector-2116054)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2116054/northern-nog-closes-forge-delaware-basin-acquisition-deal?cid=CS-NASDAQ-FT-analyst_blog|company_news_-_energy_sector-2116054)[Zacks Investment Research](https://www.zacks.com/)
Stock Price 4 days before: 25.949
Stock Price 2 days before: 29.4583
Stock Price 1 day before: 26.3814
Stock Price at release: 30.3971
Risk-Free Rate at release: 0.0528
| 34.3864 |
Symbol: KOP
Security: Koppers Holdings Inc.
Related Stocks/Topics: Stocks|PPG|FSTR|LIN
Title: PPG Industries (PPG) Hits 52-Week High: What's Aiding It?
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2023-07-05 01:58:00
Article: **PPG Industries, Inc.,** [PPG](https://www.nasdaq.com/market-activity/stocks/ppg) shares touched a fresh 52-week high of $149.01 on June 30, before closing at $148.30.In the past year, PPG has gained 25.8% compared with the [industry’s](https://www.zacks.com/stocks/industry-rank/industry/chemical-specialty-37) 15.5% rise in the same period. [Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/db/46113.jpg?v=2120209665) Image Source: Zacks Investment Research** Strategic Actions, Acquisitions Drive PPG** PPG Industries is benefiting from several factors that include higher pricing across its segments, improved manufacturing efficiencies, cost discipline and strategic acquisitions. However, the company is also facing challenges due to weak demand in Europe and China.To address these challenges, PPG implemented a cost-cutting and restructuring strategy and optimized its working capital requirements. The company's restructuring initiatives are expected to generate significant cost savings, which will positively impact its financial performance. In the second quarter of 2023, the company anticipates incremental restructuring savings of $10-$15 million.To mitigate the impact of cost inflation in raw materials, energy and logistics, the company has been raising selling prices across its business segments. This pricing growth and improved manufacturing efficiencies and cost discipline, contributed to a significant increase in profits in the first quarter. The company expects these pricing measures to continue supporting its margins throughout the remainder of 2023.PPG is actively pursuing inorganic growth through value-creating acquisitions. Acquisitions such as Tikkurila, Worwag and Cetelon are expected to contribute to the company's top line in 2023. The company is committed to enhancing shareholder returns. In 2022, the company returned approximately $570 million to shareholders through dividends and $190 million through share repurchases. In the first quarter alone, dividends worth around $145 million were paid out. **Estimates Going Up** In the last three months, the company witnessed a significant upward trend in its earnings estimates. The Zacks Consensus Estimate for the company's second-quarter EPS surged by approximately 31%, reflecting the growing optimism about its performance. The 2023 outlook for PPG Industries has also improved, with estimates being revised upward by around 12%. The consensus estimate for current-year earnings is pegged at $7.25, indicating a year-over-year growth of 19.8%. **PPG Industries, Inc. Price and Consensus** [](https://www.zacks.com/stock/chart/PPG/price-consensus-chart?icid=chart-PPG-price-consensus-chart)[PPG Industries, Inc. price-consensus-chart](https://www.zacks.com/stock/chart/PPG/price-consensus-chart?icid=chart-PPG-price-consensus-chart) | [PPG Industries, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/ppg)******Zacks Rank & Key Picks** PPG Industries currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the basic materials space include **L.B. Foster** **Company** [FSTR](https://www.nasdaq.com/market-activity/stocks/fstr), sporting a Zacks Rank #1 (Strong Buy) and **Koppers Holdings Inc.** [KOP](https://www.nasdaq.com/market-activity/stocks/kop) and **Linde Plc** [LIN](https://www.nasdaq.com/market-activity/stocks/lin), carrying a Zacks Rank #2 (Buy) each. You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?adid=ZP_quote_ribbon_1list&icid=zpi_quote_ribbon_1list). The Zacks Consensus Estimate for L.B. Foster’s current-year earnings is pegged at 53 cents per share, indicating a year-over-year growth of 112.5%. The company’s shares have gained around 11.5% in the past year. FSTR beat the Zacks Consensus Estimate in all the last four quarters. It delivered a trailing four-quarter earnings surprise of 140.5%, on average.Kopperscurrently carries a Zacks Rank #2.The consensus estimate for current-year earnings for KOP is currently pegged at $4.40, suggesting a year-over-year growth of 6.3%. Koppers’shares have rallied roughly 49.6% in the past year.The Zacks Consensus Estimate for Linde’s current-year earnings has been revised 4.4% upward in the past 60 days. LIN beat the Zacks Consensus Estimate in all the last four quarters, with the average earnings surprise being 6.9%. The company’s shares have gained 33.5% in the past year. **Zacks Names "Single Best Pick to Double"** From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. [Free: See Our Top Stock and 4 Runners Up >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_ANALYSTBLOG_212_07032023&cid=CS-NASDAQ-FT-analyst_blog|52-week_high_low-2116038)[Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=SYND_NASDAQ_7BEST_ANALYSTBLOG_212&cid=CS-NASDAQ-FT-analyst_blog|52-week_high/low-2116038)[PPG Industries, Inc. (PPG) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=PPG&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_212&cid=CS-NASDAQ-FT-analyst_blog|52-week_high/low-2116038)[L.B. Foster Company (FSTR) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=FSTR&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_212&cid=CS-NASDAQ-FT-analyst_blog|52-week_high/low-2116038)[Koppers Holdings Inc. (KOP) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=KOP&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_212&cid=CS-NASDAQ-FT-analyst_blog|52-week_high/low-2116038)[Linde PLC (LIN) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=LIN&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_212&cid=CS-NASDAQ-FT-analyst_blog|52-week_high/low-2116038)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2116038/ppg-industries-ppg-hits-52-week-high-what-s-aiding-it?cid=CS-NASDAQ-FT-analyst_blog|52-week_high/low-2116038)[Zacks Investment Research](https://www.zacks.com/)
Stock Price 4 days before: 34.0945
Stock Price 2 days before: 33.924
Stock Price 1 day before: 34.4277
Stock Price at release: 34.3075
Risk-Free Rate at release: 0.0528
| 38.1974 |
Symbol: FC
Security: Franklin Covey Co.
Related Stocks/Topics: Technology|DXPE|MDWT
Title: Best Momentum Stocks to Buy for July 3rd
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2023-07-05 01:58:00
Article: Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, July 3rd:**DXP Enterprises, Inc.** [DXPE](https://www.nasdaq.com/market-activity/stocks/dxpe): This company that engages in the business of maintenance, repair, and operating products, equipment, and services to the energy sector and industrial customers has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 52.2% over the last 60 days. **DXP Enterprises, Inc. Price and Consensus** [](https://www.zacks.com/stock/chart/DXPE/price-consensus-chart?icid=chart-DXPE-price-consensus-chart)[DXP Enterprises, Inc. price-consensus-chart](https://www.zacks.com/stock/chart/DXPE/price-consensus-chart?icid=chart-DXPE-price-consensus-chart) | [DXP Enterprises, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/dxpe) DXP’s shares gained 37.7% over the last three months compared with the S&P 500’s advance of 8.9%. The company possesses a [Momentum Score](https://www.zacks.com/style-scores-education/) of A. **DXP Enterprises, Inc. Price** [](https://www.zacks.com/stock/chart/DXPE/fundamental/price?icid=chart-DXPE-fundamental/price)[DXP Enterprises, Inc. price](https://www.zacks.com/stock/chart/DXPE/fundamental/price?icid=chart-DXPE-fundamental/price) | [DXP Enterprises, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/dxpe) **Franklin Covey Co.** [FC](https://www.nasdaq.com/market-activity/stocks/fc): This training and consulting services company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 14.2% over the last 60 days. **Franklin Covey Company Price and Consensus** [](https://www.zacks.com/stock/chart/FC/price-consensus-chart?icid=chart-FC-price-consensus-chart)[Franklin Covey Company price-consensus-chart](https://www.zacks.com/stock/chart/FC/price-consensus-chart?icid=chart-FC-price-consensus-chart) | [Franklin Covey Company Quote](https://www.nasdaq.com/market-activity/stocks/fc) Franklin Covey’s shares gained 14.8% over the last three months compared with the S&P 500’s advance of 8.9%. The company possesses a Momentum Score of A. **Franklin Covey Company Price** [](https://www.zacks.com/stock/chart/FC/fundamental/price?icid=chart-FC-fundamental/price) [Franklin Covey Company price](https://www.zacks.com/stock/chart/FC/fundamental/price?icid=chart-FC-fundamental/price) | [Franklin Covey Company Quote](https://www.nasdaq.com/market-activity/stocks/fc)**Midwest Holding Inc.** [MDWT](https://www.nasdaq.com/market-activity/stocks/mdwt): This insurance and financial services company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 138.5% over the last 60 days. **Midwest Holding Inc. Price and Consensus** [](https://www.zacks.com/stock/chart/MDWT/price-consensus-chart?icid=chart-MDWT-price-consensus-chart)[Midwest Holding Inc. price-consensus-chart](https://www.zacks.com/stock/chart/MDWT/price-consensus-chart?icid=chart-MDWT-price-consensus-chart) | [Midwest Holding Inc. Quote](https://www.nasdaq.com/market-activity/stocks/mdwt) Midwest’s shares gained 81.7% over the last three months compared with the S&P 500’s advance of 8.9%. The company possesses a Momentum Score of B. **Midwest Holding Inc. Price** [](https://www.zacks.com/stock/chart/MDWT/fundamental/price?icid=chart-MDWT-fundamental/price)[Midwest Holding Inc. price](https://www.zacks.com/stock/chart/MDWT/fundamental/price?icid=chart-MDWT-fundamental/price) | [Midwest Holding Inc. Quote](https://www.nasdaq.com/market-activity/stocks/mdwt) See the [full list of top ranked stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link) Learn more about the [Momentum score and how it is calculated here](https://www.zacks.com/education/stock-scorecard/momentum-trading). **Zacks Names "Single Best Pick to Double"** From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. [Free: See Our Top Stock and 4 Runners Up >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_ZACKS1RANKADDITIONS_267_07032023&cid=CS-NASDAQ-FT-zacks_1_rank_additions|momentum_additions-2115785)[Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=SYND_NASDAQ_7BEST_ZACKS1RANKADDITIONS_267&cid=CS-NASDAQ-FT-zacks_1_rank_additions|momentum_additions-2115785)[DXP Enterprises, Inc. (DXPE) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=DXPE&ADID=SYND_NASDAQ_TCK_ZACKS1RANKADDITIONS_267&cid=CS-NASDAQ-FT-zacks_1_rank_additions|momentum_additions-2115785)[Franklin Covey Company (FC) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=FC&ADID=SYND_NASDAQ_TCK_ZACKS1RANKADDITIONS_267&cid=CS-NASDAQ-FT-zacks_1_rank_additions|momentum_additions-2115785)[Midwest Holding Inc. (MDWT) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MDWT&ADID=SYND_NASDAQ_TCK_ZACKS1RANKADDITIONS_267&cid=CS-NASDAQ-FT-zacks_1_rank_additions|momentum_additions-2115785)[To read this article on Zacks.com click here.](https://www.zacks.com/commentary/2115785/best-momentum-stocks-to-buy-for-july-3rd?cid=CS-NASDAQ-FT-zacks_1_rank_additions|momentum_additions-2115785)[Zacks Investment Research](https://www.zacks.com/)
Stock Price 4 days before: 43.5645
Stock Price 2 days before: 43.9474
Stock Price 1 day before: 44.3285
Stock Price at release: 44.3011
Risk-Free Rate at release: 0.0528
| 48.0719 |
Symbol: BJRI
Security: BJ's Restaurants, Inc.
Related Stocks/Topics: Stocks|JACK|CHUY|ARCO
Title: Here's Why You Should Retain Jack in the Box (JACK) Stock
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2023-07-05 01:58:00
Article: **Jack in the Box Inc.** [JACK](https://www.nasdaq.com/market-activity/stocks/jack) is likely to benefit from digital initiatives, expansion efforts and reimaging program. Also, its focus on Del Taco Restaurants’ business bodes well. However, commodity inflation is a concern.Let us discuss the factors that highlight why investors should retain the stock for the time being. **Growth Catalysts** Jack in the Box is focused on its digital platforms for enhancing overall guest experiences and customer satisfaction. In second-quarter fiscal 2023, the company zeroed in on two POS providers, which will be finalized by the fiscal third quarter. The POS rollout will assist in driving down cost of the system. Also, it emphasized on technological investments covering applications, software and tools (like digital menu boards), AI and personalized in-store ordering. The company announced the roll out of InMoment Spotlight, an advanced AI analytics software. The initiative focuses on improving the omnichannel guest experience with quality products and services.The company focuses on repairing its franchisee relationship, mapping markets and rebuilding its store pipeline to drive growth. As of second-quarter fiscal 2023, the company was awarded 76 development agreements to open 335 new restaurants, of which 27 have already opened and 308 are in the pipeline for future development. The company also announced the addition of Montana and Wyoming markets and Florida and Arkansas. Given the substantial progress in terms of the franchise development program, the company anticipates achieving a long-term net unit growth goal of 4% by 2025. Also, it expects to have Jack in the Box restaurants in 40 states by 2030.The emphasis on the reimaging program bodes well. In second-quarter fiscal 2023, the company stated that there are currently 405 reimaged forms submitted by franchise owners, of which 71 are in the design and permitting stage. In terms of recent remodel performance, the company reported a 14% increase in average net sales from pre- to post-remodel in fiscal first-quarter 2023. With solid participation from its franchisees, the company anticipates the program to be a driving factor of sales in the upcoming periods. Jack in the Box emphasizes on the Del Taco Restaurants acquisition to drive growth. During second-quarter fiscal 2023, same-store sales rose 3.2%, comprising franchise same-store sales growth of 2.8% and company-operated same-store sales growth of 3.5%. During the quarter, the company reported three franchise openings with no company-owned closure. Subsequent to the quarter, the company also refranchised 17 Del Taco restaurants in Las Vegas to an existing Del Taco franchisee. This included development agreements for 10 new Del Taco restaurants to be built in Las Vegas, Wyoming and Montana.Given the unit-expansion efforts coupled with an emphasis on the Del Yeah! Rewards program, the company anticipates the initiatives to better target guests and drive average spend and frequency in the upcoming periods.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/4e/46133.jpg?v=2072701558) Image Source: Zacks Investment ResearchIn the past three months, shares of Jack in the Box have gained 10.6% compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/retail-restaurants-160)’s 3.3% growth. **Concerns** The company is persistently shouldering higher expenses, which have been detrimental to margins. During the fiscal second quarter, the company reported a rise in commodity inflation, advertising cost, wage inflation and higher utilities and maintenance and repair costs. In the second quarter of fiscal 2023, the company witnessed a 4.8% wage inflation and a 7.7% commodity inflation. Commodity costs grew due to a rise in price in nearly all categories, except pork and beef. The maximum impact was seen in sauces, potatoes, beverages and bakery. The company stated concerns about a challenging inflationary environment in 2023. For fiscal 2023, the company expects commodity cost inflation to be up 7-9% compared with fiscal 2022. **Zacks Rank & Key Picks** Jack in the Box currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the [Retail-Wholesale](https://www.zacks.com/stocks/industry-rank/sector/retail-wholesale-3) sector include:**Chuy's Holdings, Inc.** [CHUY](https://www.nasdaq.com/market-activity/stocks/chuy) sports a Zacks Rank #1 (Strong Buy). The company has a trailing four-quarter earnings surprise of 23.4%, on average. Shares of CHUY have skyrocketed 97.1% in the past year. You can see [the complete list of today’s Zacks Rank #1 stocks here.](https://www.zacks.com/stocks/buy-list/?adid=ZP_quote_ribbon_1list&icid=quote-stock_overview-zp_internal-zacks_premium-top_ribbon-1_rank) The Zacks Consensus Estimate for Chuy’s Holdings’ 2023 sales and EPS suggests growth of 9.9% and 27%, respectively, from the year-ago period’s levels. **BJ's Restaurants, Inc.** [BJRI](https://www.nasdaq.com/market-activity/stocks/bjri) sports a Zacks Rank #1. BJRI has a long-term earnings growth rate of 15%. The stock has improved 44% in the past year.The Zacks Consensus Estimate for BJ's Restaurants’ 2023 sales and EPS suggests growth of 5.5% and 311.8%, respectively, from the year-ago period’s levels. **Arcos Dorados Holdings Inc.** [ARCO](https://www.nasdaq.com/market-activity/stocks/arco) carries a Zacks Rank #2 (Buy). ARCO has a long-term earnings growth rate of 9.5%. The stock has rallied 48.3% in the past year.The Zacks Consensus Estimate for Arcos Dorados’ 2023 sales and EPS suggests growth of 13.4% and 4.4%, respectively, from the year-ago period’s levels. **Zacks Names "Single Best Pick to Double"** From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. [Free: See Our Top Stock and 4 Runners Up >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_ANALYSTBLOG_283_07032023&cid=CS-NASDAQ-FT-analyst_blog|rank_focused-2116030)[Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=SYND_NASDAQ_7BEST_ANALYSTBLOG_283&cid=CS-NASDAQ-FT-analyst_blog|rank_focused-2116030)[BJ's Restaurants, Inc. (BJRI) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=BJRI&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_283&cid=CS-NASDAQ-FT-analyst_blog|rank_focused-2116030)[Janus Henderson Sustainable & Impact Core Bond ETF (JACK) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=JACK&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_283&cid=CS-NASDAQ-FT-analyst_blog|rank_focused-2116030) [Chuy's Holdings, Inc. (CHUY) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CHUY&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_283&cid=CS-NASDAQ-FT-analyst_blog|rank_focused-2116030)[Arcos Dorados Holdings Inc. (ARCO) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ARCO&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_283&cid=CS-NASDAQ-FT-analyst_blog|rank_focused-2116030) [To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2116030/here-s-why-you-should-retain-jack-in-the-box-jack-stock?cid=CS-NASDAQ-FT-analyst_blog|rank_focused-2116030)[Zacks Investment Research](https://www.zacks.com/)
Stock Price 4 days before: 31.869
Stock Price 2 days before: 31.7992
Stock Price 1 day before: 32.2187
Stock Price at release: 32.5459
Risk-Free Rate at release: 0.0528
| 36.2941 |
Symbol: CHUY
Security: Chuy's Holdings, Inc.
Related Stocks/Topics: Stocks|BJRI|JACK|ARCO
Title: Here's Why You Should Retain Jack in the Box (JACK) Stock
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2023-07-05 01:58:00
Article: **Jack in the Box Inc.** [JACK](https://www.nasdaq.com/market-activity/stocks/jack) is likely to benefit from digital initiatives, expansion efforts and reimaging program. Also, its focus on Del Taco Restaurants’ business bodes well. However, commodity inflation is a concern.Let us discuss the factors that highlight why investors should retain the stock for the time being. **Growth Catalysts** Jack in the Box is focused on its digital platforms for enhancing overall guest experiences and customer satisfaction. In second-quarter fiscal 2023, the company zeroed in on two POS providers, which will be finalized by the fiscal third quarter. The POS rollout will assist in driving down cost of the system. Also, it emphasized on technological investments covering applications, software and tools (like digital menu boards), AI and personalized in-store ordering. The company announced the roll out of InMoment Spotlight, an advanced AI analytics software. The initiative focuses on improving the omnichannel guest experience with quality products and services.The company focuses on repairing its franchisee relationship, mapping markets and rebuilding its store pipeline to drive growth. As of second-quarter fiscal 2023, the company was awarded 76 development agreements to open 335 new restaurants, of which 27 have already opened and 308 are in the pipeline for future development. The company also announced the addition of Montana and Wyoming markets and Florida and Arkansas. Given the substantial progress in terms of the franchise development program, the company anticipates achieving a long-term net unit growth goal of 4% by 2025. Also, it expects to have Jack in the Box restaurants in 40 states by 2030.The emphasis on the reimaging program bodes well. In second-quarter fiscal 2023, the company stated that there are currently 405 reimaged forms submitted by franchise owners, of which 71 are in the design and permitting stage. In terms of recent remodel performance, the company reported a 14% increase in average net sales from pre- to post-remodel in fiscal first-quarter 2023. With solid participation from its franchisees, the company anticipates the program to be a driving factor of sales in the upcoming periods. Jack in the Box emphasizes on the Del Taco Restaurants acquisition to drive growth. During second-quarter fiscal 2023, same-store sales rose 3.2%, comprising franchise same-store sales growth of 2.8% and company-operated same-store sales growth of 3.5%. During the quarter, the company reported three franchise openings with no company-owned closure. Subsequent to the quarter, the company also refranchised 17 Del Taco restaurants in Las Vegas to an existing Del Taco franchisee. This included development agreements for 10 new Del Taco restaurants to be built in Las Vegas, Wyoming and Montana.Given the unit-expansion efforts coupled with an emphasis on the Del Yeah! Rewards program, the company anticipates the initiatives to better target guests and drive average spend and frequency in the upcoming periods.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/4e/46133.jpg?v=2072701558) Image Source: Zacks Investment ResearchIn the past three months, shares of Jack in the Box have gained 10.6% compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/retail-restaurants-160)’s 3.3% growth. **Concerns** The company is persistently shouldering higher expenses, which have been detrimental to margins. During the fiscal second quarter, the company reported a rise in commodity inflation, advertising cost, wage inflation and higher utilities and maintenance and repair costs. In the second quarter of fiscal 2023, the company witnessed a 4.8% wage inflation and a 7.7% commodity inflation. Commodity costs grew due to a rise in price in nearly all categories, except pork and beef. The maximum impact was seen in sauces, potatoes, beverages and bakery. The company stated concerns about a challenging inflationary environment in 2023. For fiscal 2023, the company expects commodity cost inflation to be up 7-9% compared with fiscal 2022. **Zacks Rank & Key Picks** Jack in the Box currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the [Retail-Wholesale](https://www.zacks.com/stocks/industry-rank/sector/retail-wholesale-3) sector include:**Chuy's Holdings, Inc.** [CHUY](https://www.nasdaq.com/market-activity/stocks/chuy) sports a Zacks Rank #1 (Strong Buy). The company has a trailing four-quarter earnings surprise of 23.4%, on average. Shares of CHUY have skyrocketed 97.1% in the past year. You can see [the complete list of today’s Zacks Rank #1 stocks here.](https://www.zacks.com/stocks/buy-list/?adid=ZP_quote_ribbon_1list&icid=quote-stock_overview-zp_internal-zacks_premium-top_ribbon-1_rank) The Zacks Consensus Estimate for Chuy’s Holdings’ 2023 sales and EPS suggests growth of 9.9% and 27%, respectively, from the year-ago period’s levels. **BJ's Restaurants, Inc.** [BJRI](https://www.nasdaq.com/market-activity/stocks/bjri) sports a Zacks Rank #1. BJRI has a long-term earnings growth rate of 15%. The stock has improved 44% in the past year.The Zacks Consensus Estimate for BJ's Restaurants’ 2023 sales and EPS suggests growth of 5.5% and 311.8%, respectively, from the year-ago period’s levels. **Arcos Dorados Holdings Inc.** [ARCO](https://www.nasdaq.com/market-activity/stocks/arco) carries a Zacks Rank #2 (Buy). ARCO has a long-term earnings growth rate of 9.5%. The stock has rallied 48.3% in the past year.The Zacks Consensus Estimate for Arcos Dorados’ 2023 sales and EPS suggests growth of 13.4% and 4.4%, respectively, from the year-ago period’s levels. **Zacks Names "Single Best Pick to Double"** From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. [Free: See Our Top Stock and 4 Runners Up >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_ANALYSTBLOG_283_07032023&cid=CS-NASDAQ-FT-analyst_blog|rank_focused-2116030)[Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=SYND_NASDAQ_7BEST_ANALYSTBLOG_283&cid=CS-NASDAQ-FT-analyst_blog|rank_focused-2116030)[BJ's Restaurants, Inc. (BJRI) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=BJRI&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_283&cid=CS-NASDAQ-FT-analyst_blog|rank_focused-2116030)[Janus Henderson Sustainable & Impact Core Bond ETF (JACK) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=JACK&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_283&cid=CS-NASDAQ-FT-analyst_blog|rank_focused-2116030) [Chuy's Holdings, Inc. (CHUY) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CHUY&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_283&cid=CS-NASDAQ-FT-analyst_blog|rank_focused-2116030)[Arcos Dorados Holdings Inc. (ARCO) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ARCO&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_283&cid=CS-NASDAQ-FT-analyst_blog|rank_focused-2116030) [To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2116030/here-s-why-you-should-retain-jack-in-the-box-jack-stock?cid=CS-NASDAQ-FT-analyst_blog|rank_focused-2116030)[Zacks Investment Research](https://www.zacks.com/)
Stock Price 4 days before: 40.8191
Stock Price 2 days before: 40.8348
Stock Price 1 day before: 41.8028
Stock Price at release: 41.276
Risk-Free Rate at release: 0.0528
| 41.4224 |
Symbol: IONQ
Security: IonQ, Inc.
Related Stocks/Topics: Stocks|IDCC|BLKB|PERI
Title: IonQ Partners With South Korea to Boost Quantum Computing
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2023-07-05 01:58:00
Article: **IonQ** [IONQ](https://www.nasdaq.com/market-activity/stocks/ionq) entered into a Memorandum of Understanding (MOU) with South Korea's Ministry of Science and ICT (Information and Communications Technology) to foster growth of the quantum computing industry in the country.The primary objective of the MOU is to leverage IonQ's expertise and resources to establish an education, training and leadership expansion program specifically tailored to support individuals pursuing master’s and doctorate degrees, postdoctoral researchers and professionals working in the quantum industry within South Korea. The company aims to assist South Korea in realizing its vision of becoming a global quantum-centric economy by 2030 by offering practical support through its education, training, and leadership expansion program, which will utilize IonQ's specialized quantum computing resources.Overall, the collaboration between IonQ and South Korea's Ministry of Science and ICT marks a significant step forward in the development of the quantum computing industry within the country. Per a report from [Markets and Markets](https://www.marketsandmarkets.com/Market-Reports/quantum-computing-market-144888301.html), the global quantum computing market is estimated to be valued at $866 million in 2023 and is expected to reach $4,375 million by 2028, registering a CAGR of 38.3%. The industry is likely to benefit from the rising adoption of quantum computing amid ongoing digitalization, added the report.IonQ is a leading provider of quantum computing and general-purpose quantum computing systems. IonQ is the first business to offer its quantum systems directly through API access and the cloud on Amazon Web Services, Microsoft Azure and Google Cloud.In April, the company [announced](https://investors.ionq.com/news/news-details/2023/IonQ-Announces-Agreement-with-the-United-Arab-Emirates-Quantum-Research-Center---Technology-Innovation-Institute/default.aspx) that it had signed a new agreement with Abu Dhabi’s Quantum Research Center — Technology Innovation Institute (QRC-TII) to test and develop quantum-enhanced algorithms. QRC-TII will leverage IonQ Aria to solve problems like heuristic variational quantum circuits for optimization problems and prototype implementations of quantum algorithms for matrix arithmetics.IonQ currently has a Zacks Rank #3 (Hold). Shares of the company have gained 208.2% in the past year against the [sub-industry’s](https://www.zacks.com/stocks/industry-rank/industry/computer-integrated-systems-203) decline of 2%. [Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/6d/46126.jpg?v=78509523) Image Source: Zacks Investment Research** Stocks to Consider** Some better-ranked stocks in the broader technology space are **Perion Network** [PERI](https://www.nasdaq.com/market-activity/stocks/peri), **InterDigital** [IDCC](https://www.nasdaq.com/market-activity/stocks/idcc) and **Blackbaud** [BLKB](https://www.nasdaq.com/market-activity/stocks/blkb). Each of these companies presently sports a Zacks Rank #1 (Strong Buy). You can see ** [the complete list of today’s Zacks #1 Rank stocks here.](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link)**The Zacks Consensus Estimate for Perion Network’s 2023 earnings per share (EPS) has increased 5.6% in the past 60 days to $2.84. The company’s long-term earnings growth rate is 25%.Perion Network’s earnings beat estimates in each of the trailing four quarters, delivering an average surprise of 19.3%. Shares of PERI have risen 76.3% in the past year.The Zacks Consensus Estimate for InterDigital’s 2023 EPS has increased 249% in the past 60 days to $8.08. The company’s long-term earnings growth rate is 13.9%. InterDigital’s earnings beat estimates in each of the trailing four quarters, delivering an average surprise of 170.9%. Shares of IDCC have rallied 49.3% in the past year.The Zacks Consensus Estimate for Blackbaud’s 2023 EPS has improved 9.3% in the past 60 days to $3.75.Blackbaud’s earnings beat estimates in each of the trailing four quarters, delivering an average surprise of 10.4%. Shares of the company have risen 17.8% in the past year. **Zacks Names "Single Best Pick to Double"** From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. [Free: See Our Top Stock and 4 Runners Up >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_ANALYSTBLOG_253_07032023&cid=CS-NASDAQ-FT-analyst_blog|company_news_tech_sector-2115978)[Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=SYND_NASDAQ_7BEST_ANALYSTBLOG_253&cid=CS-NASDAQ-FT-analyst_blog|company_news_tech_sector-2115978)[InterDigital, Inc. (IDCC) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=IDCC&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_253&cid=CS-NASDAQ-FT-analyst_blog|company_news_tech_sector-2115978)[Blackbaud, Inc. (BLKB) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=BLKB&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_253&cid=CS-NASDAQ-FT-analyst_blog|company_news_tech_sector-2115978)[Perion Network Ltd (PERI) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=PERI&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_253&cid=CS-NASDAQ-FT-analyst_blog|company_news_tech_sector-2115978)[IonQ, Inc. (IONQ) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=IONQ&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_253&cid=CS-NASDAQ-FT-analyst_blog|company_news_tech_sector-2115978)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2115978/ionq-partners-with-south-korea-to-boost-quantum-computing?cid=CS-NASDAQ-FT-analyst_blog|company_news_tech_sector-2115978)[Zacks Investment Research](https://www.zacks.com/)
Stock Price 4 days before: 14.4035
Stock Price 2 days before: 13.7968
Stock Price 1 day before: 14.1708
Stock Price at release: 13.7678
Risk-Free Rate at release: 0.0528
| 18.4999 |
Symbol: PERI
Security: Perion Network Ltd.
Related Stocks/Topics: Stocks|IDCC|BLKB|IONQ
Title: IonQ Partners With South Korea to Boost Quantum Computing
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2023-07-05 01:58:00
Article: **IonQ** [IONQ](https://www.nasdaq.com/market-activity/stocks/ionq) entered into a Memorandum of Understanding (MOU) with South Korea's Ministry of Science and ICT (Information and Communications Technology) to foster growth of the quantum computing industry in the country.The primary objective of the MOU is to leverage IonQ's expertise and resources to establish an education, training and leadership expansion program specifically tailored to support individuals pursuing master’s and doctorate degrees, postdoctoral researchers and professionals working in the quantum industry within South Korea. The company aims to assist South Korea in realizing its vision of becoming a global quantum-centric economy by 2030 by offering practical support through its education, training, and leadership expansion program, which will utilize IonQ's specialized quantum computing resources.Overall, the collaboration between IonQ and South Korea's Ministry of Science and ICT marks a significant step forward in the development of the quantum computing industry within the country. Per a report from [Markets and Markets](https://www.marketsandmarkets.com/Market-Reports/quantum-computing-market-144888301.html), the global quantum computing market is estimated to be valued at $866 million in 2023 and is expected to reach $4,375 million by 2028, registering a CAGR of 38.3%. The industry is likely to benefit from the rising adoption of quantum computing amid ongoing digitalization, added the report.IonQ is a leading provider of quantum computing and general-purpose quantum computing systems. IonQ is the first business to offer its quantum systems directly through API access and the cloud on Amazon Web Services, Microsoft Azure and Google Cloud.In April, the company [announced](https://investors.ionq.com/news/news-details/2023/IonQ-Announces-Agreement-with-the-United-Arab-Emirates-Quantum-Research-Center---Technology-Innovation-Institute/default.aspx) that it had signed a new agreement with Abu Dhabi’s Quantum Research Center — Technology Innovation Institute (QRC-TII) to test and develop quantum-enhanced algorithms. QRC-TII will leverage IonQ Aria to solve problems like heuristic variational quantum circuits for optimization problems and prototype implementations of quantum algorithms for matrix arithmetics.IonQ currently has a Zacks Rank #3 (Hold). Shares of the company have gained 208.2% in the past year against the [sub-industry’s](https://www.zacks.com/stocks/industry-rank/industry/computer-integrated-systems-203) decline of 2%. [Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/6d/46126.jpg?v=78509523) Image Source: Zacks Investment Research** Stocks to Consider** Some better-ranked stocks in the broader technology space are **Perion Network** [PERI](https://www.nasdaq.com/market-activity/stocks/peri), **InterDigital** [IDCC](https://www.nasdaq.com/market-activity/stocks/idcc) and **Blackbaud** [BLKB](https://www.nasdaq.com/market-activity/stocks/blkb). Each of these companies presently sports a Zacks Rank #1 (Strong Buy). You can see ** [the complete list of today’s Zacks #1 Rank stocks here.](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link)**The Zacks Consensus Estimate for Perion Network’s 2023 earnings per share (EPS) has increased 5.6% in the past 60 days to $2.84. The company’s long-term earnings growth rate is 25%.Perion Network’s earnings beat estimates in each of the trailing four quarters, delivering an average surprise of 19.3%. Shares of PERI have risen 76.3% in the past year.The Zacks Consensus Estimate for InterDigital’s 2023 EPS has increased 249% in the past 60 days to $8.08. The company’s long-term earnings growth rate is 13.9%. InterDigital’s earnings beat estimates in each of the trailing four quarters, delivering an average surprise of 170.9%. Shares of IDCC have rallied 49.3% in the past year.The Zacks Consensus Estimate for Blackbaud’s 2023 EPS has improved 9.3% in the past 60 days to $3.75.Blackbaud’s earnings beat estimates in each of the trailing four quarters, delivering an average surprise of 10.4%. Shares of the company have risen 17.8% in the past year. **Zacks Names "Single Best Pick to Double"** From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. [Free: See Our Top Stock and 4 Runners Up >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_ANALYSTBLOG_253_07032023&cid=CS-NASDAQ-FT-analyst_blog|company_news_tech_sector-2115978)[Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=SYND_NASDAQ_7BEST_ANALYSTBLOG_253&cid=CS-NASDAQ-FT-analyst_blog|company_news_tech_sector-2115978)[InterDigital, Inc. (IDCC) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=IDCC&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_253&cid=CS-NASDAQ-FT-analyst_blog|company_news_tech_sector-2115978)[Blackbaud, Inc. (BLKB) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=BLKB&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_253&cid=CS-NASDAQ-FT-analyst_blog|company_news_tech_sector-2115978)[Perion Network Ltd (PERI) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=PERI&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_253&cid=CS-NASDAQ-FT-analyst_blog|company_news_tech_sector-2115978)[IonQ, Inc. (IONQ) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=IONQ&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_253&cid=CS-NASDAQ-FT-analyst_blog|company_news_tech_sector-2115978)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2115978/ionq-partners-with-south-korea-to-boost-quantum-computing?cid=CS-NASDAQ-FT-analyst_blog|company_news_tech_sector-2115978)[Zacks Investment Research](https://www.zacks.com/)
Stock Price 4 days before: 30.8501
Stock Price 2 days before: 30.7988
Stock Price 1 day before: 30.9806
Stock Price at release: 31.1616
Risk-Free Rate at release: 0.0528
| 35.4502 |
Symbol: HBNC
Security: Horizon Bancorp, Inc.
Related Stocks/Topics: Stocks
Title: How Much Upside is Left in Horizon Bancorp (HBNC)? Wall Street Analysts Think 32.56%
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2023-07-05 01:58:00
Article: **Horizon Bancorp** (HBNC) closed the last trading session at $10.41, gaining 5.7% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $13.80 indicates a 32.6% upside potential.The average comprises five short-term price targets ranging from a low of $11 to a high of $18, with a standard deviation of $2.59. While the lowest estimate indicates an increase of 5.7% from the current price level, the most optimistic estimate points to a 72.9% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts. While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's because the ability and unbiasedness of analysts in setting price targets have long been questionable.But, for HBNC, an impressive average price target is not the only indicator of a potential upside. Strong agreement among analysts about the company's ability to report better earnings than they predicted earlier strengthens this view. While a positive trend in earnings estimate revisions doesn't gauge how much a stock could gain, it has proven to be powerful in predicting an upside. **Here's What You Should Know About Analysts' Price Targets** According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts. However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism. **Here's Why There Could be Plenty of Upside Left in HBNC** 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 to expect an upside in the stock. That's because empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.Over the last 30 days, the Zacks Consensus Estimate for the current year has increased 0.8%, as one estimate has moved higher compared to no negative revision. Moreover, HBNC currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive [externally-audited track record](https://www.zacks.com/performance_disclosure/), this is a more conclusive indication of the stock's potential upside in the near term. You can see [the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>](https://www.zacks.com/registration/premium/login/?continue_to=/stocks/buy-list&adid=ZCOM_ZP_ARTCAT_TALEOFTAPE_551_070323&icid=blog-tale_of_the_tape|consensus_price_target-ARTCAT|070323-ZP-commentary_blog-text-eoac) Therefore, while the consensus price target may not be a reliable indicator of how much HBNC could gain, the direction of price movement it implies does appear to be a good guide. **Zacks Names "Single Best Pick to Double"** From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. [Free: See Our Top Stock and 4 Runners Up >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_TALEOFTAPE_551_07032023&cid=CS-NASDAQ-FT-tale_of_the_tape|consensus_price_target-2115987)[Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=SYND_NASDAQ_7BEST_TALEOFTAPE_551&cid=CS-NASDAQ-FT-tale_of_the_tape|consensus_price_target-2115987)[Horizon Bancorp (IN) (HBNC) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=HBNC&ADID=SYND_NASDAQ_TCK_TALEOFTAPE_551&cid=CS-NASDAQ-FT-tale_of_the_tape|consensus_price_target-2115987)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2115987/how-much-upside-is-left-in-horizon-bancorp-hbnc-wall-street-analysts-think-32-56?cid=CS-NASDAQ-FT-tale_of_the_tape|consensus_price_target-2115987)[Zacks Investment Research](https://www.zacks.com/)
Stock Price 4 days before: 10.4052
Stock Price 2 days before: 10.3592
Stock Price 1 day before: 10.7912
Stock Price at release: 10.8213
Risk-Free Rate at release: 0.0528
| 12.4758 |
Symbol: DXPE
Security: DXP Enterprises, Inc.
Related Stocks/Topics: Technology|FC|MDWT
Title: Best Momentum Stocks to Buy for July 3rd
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2023-07-05 01:58:00
Article: Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, July 3rd:**DXP Enterprises, Inc.** [DXPE](https://www.nasdaq.com/market-activity/stocks/dxpe): This company that engages in the business of maintenance, repair, and operating products, equipment, and services to the energy sector and industrial customers has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 52.2% over the last 60 days. **DXP Enterprises, Inc. Price and Consensus** [](https://www.zacks.com/stock/chart/DXPE/price-consensus-chart?icid=chart-DXPE-price-consensus-chart)[DXP Enterprises, Inc. price-consensus-chart](https://www.zacks.com/stock/chart/DXPE/price-consensus-chart?icid=chart-DXPE-price-consensus-chart) | [DXP Enterprises, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/dxpe) DXP’s shares gained 37.7% over the last three months compared with the S&P 500’s advance of 8.9%. The company possesses a [Momentum Score](https://www.zacks.com/style-scores-education/) of A. **DXP Enterprises, Inc. Price** [](https://www.zacks.com/stock/chart/DXPE/fundamental/price?icid=chart-DXPE-fundamental/price)[DXP Enterprises, Inc. price](https://www.zacks.com/stock/chart/DXPE/fundamental/price?icid=chart-DXPE-fundamental/price) | [DXP Enterprises, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/dxpe) **Franklin Covey Co.** [FC](https://www.nasdaq.com/market-activity/stocks/fc): This training and consulting services company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 14.2% over the last 60 days. **Franklin Covey Company Price and Consensus** [](https://www.zacks.com/stock/chart/FC/price-consensus-chart?icid=chart-FC-price-consensus-chart)[Franklin Covey Company price-consensus-chart](https://www.zacks.com/stock/chart/FC/price-consensus-chart?icid=chart-FC-price-consensus-chart) | [Franklin Covey Company Quote](https://www.nasdaq.com/market-activity/stocks/fc) Franklin Covey’s shares gained 14.8% over the last three months compared with the S&P 500’s advance of 8.9%. The company possesses a Momentum Score of A. **Franklin Covey Company Price** [](https://www.zacks.com/stock/chart/FC/fundamental/price?icid=chart-FC-fundamental/price) [Franklin Covey Company price](https://www.zacks.com/stock/chart/FC/fundamental/price?icid=chart-FC-fundamental/price) | [Franklin Covey Company Quote](https://www.nasdaq.com/market-activity/stocks/fc)**Midwest Holding Inc.** [MDWT](https://www.nasdaq.com/market-activity/stocks/mdwt): This insurance and financial services company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 138.5% over the last 60 days. **Midwest Holding Inc. Price and Consensus** [](https://www.zacks.com/stock/chart/MDWT/price-consensus-chart?icid=chart-MDWT-price-consensus-chart)[Midwest Holding Inc. price-consensus-chart](https://www.zacks.com/stock/chart/MDWT/price-consensus-chart?icid=chart-MDWT-price-consensus-chart) | [Midwest Holding Inc. Quote](https://www.nasdaq.com/market-activity/stocks/mdwt) Midwest’s shares gained 81.7% over the last three months compared with the S&P 500’s advance of 8.9%. The company possesses a Momentum Score of B. **Midwest Holding Inc. Price** [](https://www.zacks.com/stock/chart/MDWT/fundamental/price?icid=chart-MDWT-fundamental/price)[Midwest Holding Inc. price](https://www.zacks.com/stock/chart/MDWT/fundamental/price?icid=chart-MDWT-fundamental/price) | [Midwest Holding Inc. Quote](https://www.nasdaq.com/market-activity/stocks/mdwt) See the [full list of top ranked stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link) Learn more about the [Momentum score and how it is calculated here](https://www.zacks.com/education/stock-scorecard/momentum-trading). **Zacks Names "Single Best Pick to Double"** From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. [Free: See Our Top Stock and 4 Runners Up >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_ZACKS1RANKADDITIONS_267_07032023&cid=CS-NASDAQ-FT-zacks_1_rank_additions|momentum_additions-2115785)[Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=SYND_NASDAQ_7BEST_ZACKS1RANKADDITIONS_267&cid=CS-NASDAQ-FT-zacks_1_rank_additions|momentum_additions-2115785)[DXP Enterprises, Inc. (DXPE) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=DXPE&ADID=SYND_NASDAQ_TCK_ZACKS1RANKADDITIONS_267&cid=CS-NASDAQ-FT-zacks_1_rank_additions|momentum_additions-2115785)[Franklin Covey Company (FC) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=FC&ADID=SYND_NASDAQ_TCK_ZACKS1RANKADDITIONS_267&cid=CS-NASDAQ-FT-zacks_1_rank_additions|momentum_additions-2115785)[Midwest Holding Inc. (MDWT) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MDWT&ADID=SYND_NASDAQ_TCK_ZACKS1RANKADDITIONS_267&cid=CS-NASDAQ-FT-zacks_1_rank_additions|momentum_additions-2115785)[To read this article on Zacks.com click here.](https://www.zacks.com/commentary/2115785/best-momentum-stocks-to-buy-for-july-3rd?cid=CS-NASDAQ-FT-zacks_1_rank_additions|momentum_additions-2115785)[Zacks Investment Research](https://www.zacks.com/)
Stock Price 4 days before: 36.393
Stock Price 2 days before: 36.3825
Stock Price 1 day before: 37.0676
Stock Price at release: 37.3078
Risk-Free Rate at release: 0.0528
| 37.2752 |
Symbol: WNC
Security: Wabash National Corporation
Related Stocks/Topics: AEO|Dividends|LNC|GNTX|NTAP|CIO|CPB|GD|SYY|DGX
Title: 10 Stocks You Could Capture Dividends From This July
Type: News
Publication: Fintel
Publication Author: Ben Ward
Date: 2023-07-05 03:43:00
Article: In the fast-paced and unpredictable nature of the stock market, investors are constantly on the lookout for strategies that can secure stable returns in a tumultuous environment.While some may froth at the notion of finding consistency amid market turbulence, a growing number of savvy investors have turned their attention to the [art of capturing dividends](https://fintel.io/dividend-capture-strategy?utm_source=nasdaq.com&utm_medium=referral&utm_campaign=10-stocks-you-could-capture-dividends-from-this-july-231). This nimble approach empowers investors to capitalize on the ebb and flow of dividend payouts, enabling them to extract value from the stock market with precision timing. **Get In, Cash Out** Dividend capture is a strategy that revolves around profiting on the payment of dividends by companies, often in the form of cash distributions to shareholders. Instead of investing for the long term, dividend capture investors aim to capture the dividend payment while owning the stock for a relatively short period.Strategically purchasing shares just before the [ex-dividend date](https://www.investor.gov/introduction-investing/investing-basics/glossary/ex-dividend-dates-when-are-you-entitled-stock-and#:~:text=The%20ex%2Ddividend%20date%20for,date%2C%20you%20get%20the%20dividend.) -- the cutoff point for eligibility to receive the upcoming dividend -- investors seek to capture the dividend payout and subsequently exit the position. This tactical maneuver allows investors to secure income from dividends while avoiding prolonged exposure to market volatility.Dividend capture offers a unique advantage: the ability to generate income rapidly and repeatedly. By carefully selecting stocks with upcoming dividend payouts, investors can position themselves to capture a series of dividends within a short timeframe.This regular infusion of cash can provide a reliable income stream and the potential for reinvestment or further diversification. **New Quant Model** The Fintel platform recently launched a new quant model, “ [The Dividend Capture Strategy](https://fintel.io/dividend-capture?utm_source=nasdaq.com&utm_medium=referral&utm_campaign=10-stocks-you-could-capture-dividends-from-this-july-231)”, which highlights stocks with upcoming ex-dividend dates plus other helpful analytics.Today, we delve into 10 stocks from the list that will go ex-dividend this week or next. The stocks we have selected from the last have low average “recovery days” which is the time it takes for the share price to recoup capital losses after falling by the dividend rate once the record date hits. This means that on average the investor can “harvest” the dividend and then sell the shares in a profitable trade. **American Eagle Outfitters Inc. ([US:AEO](https://fintel.io/sd/us/aeo?utm_source=nasdaq.com&utm_medium=referral&utm_campaign=10-stocks-you-could-capture-dividends-from-this-july-231)))**, the popular retail chain, will go ex-dividend on July 6 with a payment scheduled for July 21. The quarterly dividend of 10 cents per share rewards investors with an annual yield of 3.28% and a current yield of 0.82% from the payment. The stock is known for its rapid recovery, typically regaining its pre-dividend share price in just a single day. **Lincoln National Corp. ([US:LNC](https://fintel.io/sd/us/lnc?utm_source=nasdaq.com&utm_medium=referral&utm_campaign=10-stocks-you-could-capture-dividends-from-this-july-231)))**, a Fortune 250 U.S. holding company, is set to go ex-dividend on July 7 with a subsequent payment on Aug. 1. A quarterly dividend of 45 cents per share equates to an impressive annual yield of 6.9% and a current yield of 1.73%. The recovery day ratio for LNC stands at 1.67, indicating a relatively quick capital recovery for dividend investors. **Gentex Corp. ([US:GNTX](https://fintel.io/sd/us/gntx?utm_source=nasdaq.com&utm_medium=referral&utm_campaign=10-stocks-you-could-capture-dividends-from-this-july-231)))**, a leading supplier of digital vision and connected car technologies, is scheduled to go ex-dividend on July 6 and will make payment on July 19. GNTX has a quarterly dividend of 12 cents per share, giving an annual yield of 1.64% and a return of 0.41% from the quarterly payment. The share price usually recovers in about 2.17 days after going ex-dividend. **Quest Diagnostics ([US:DGX)](https://fintel.io/sd/us/dgx?utm_source=nasdaq.com&utm_medium=referral&utm_campaign=10-stocks-you-could-capture-dividends-from-this-july-231))**, the world's leading provider of diagnostic information services, will go ex-dividend on July 10 and pay its shareholders on July 25th. The quarterly dividend of 71 cents per share provides a 2.04% annual yield and a 0.51% current yield. DGX typically requires 2.58 days for share price recovery post dividend. **NetApp Inc. ([US:NTAP](https://fintel.io/sd/us/ntap?utm_source=nasdaq.com&utm_medium=referral&utm_campaign=10-stocks-you-could-capture-dividends-from-this-july-231)))**, a hybrid cloud data services and data management company, is slated to go ex-dividend on July 6 and will disburse dividends on July 26. With a quarterly dividend of 50 cents per share, it offers a 2.62% annual yield and a 0.65% return from the dividend. The stock usually takes about 2.67 days to recover its share price. **City Office REIT ([US:CIO](https://fintel.io/sd/us/cio?utm_source=nasdaq.com&utm_medium=referral&utm_campaign=10-stocks-you-could-capture-dividends-from-this-july-231)))**, a real estate investment trust specializing in office properties, will go ex-dividend on July 6 with payment on July 21. It offers a high annual yield of 13.42% with a quarterly dividend of 10 cents per share and a current yield of 1.68%. The recovery time is slightly longer, averaging around 2.78 days. **Wabash National Corp. ([US:WNC](https://fintel.io/sd/us/wnc?utm_source=nasdaq.com&utm_medium=referral&utm_campaign=10-stocks-you-could-capture-dividends-from-this-july-231)))**, a diversified industrial manufacturer, is scheduled to go ex-dividend on July 5 with a subsequent payment on July 27. WNC's quarterly dividend is 8 cents per share, translating to an annual yield of 1.23% and a current yield of 0.31%. Share price recovery typically takes around 2.82 days.The iconic food company, **Campbell Soup ([US:CPB](https://fintel.io/sd/us/cpb?utm_source=nasdaq.com&utm_medium=referral&utm_campaign=10-stocks-you-could-capture-dividends-from-this-july-231)))**,****will go ex-dividend on July 5, with payment following on July 31. Its quarterly dividend of 37 cents per share yields an annual return of 3.18% and a current return of 0.8%. It usually takes 2.92 days for the share price to recover. On July 6, **General Dynamics ([US:GD](https://fintel.io/sd/us/gd?utm_source=nasdaq.com&utm_medium=referral&utm_campaign=10-stocks-you-could-capture-dividends-from-this-july-231)))**, a leading global aerospace and defense company, is set to go ex-dividend. Investors can expect a 2.45% annual yield and a return of 0.61% from the hefty quarterly dividend of $1.32 per share. That is schedule to be paid on Aug. 11. The stock requires about 3.18 days for share price recovery. **Sysco Corp. ([US:SYY](https://fintel.io/sd/us/syy?utm_source=nasdaq.com&utm_medium=referral&utm_campaign=10-stocks-you-could-capture-dividends-from-this-july-231)))**, the global leader in selling, marketing and distributing food products, will go ex-dividend on July 6 with the payment to follow on July 28. A quarterly dividend of 5 cents per share delivers a respectable 2.66% annual yield and a 0.66% return from the dividend. However, it has a relatively longer recovery period with about 4.09 days. This story originally appeared on [Fintel](https://fintel.io/news/10-stocks-you-could-capture-dividends-from-this-july-231?utm_source=nasdaq.com&utm_medium=referral&utm_campaign=10-stocks-you-could-capture-dividends-from-this-july-231).
Stock Price 4 days before: 25.7683
Stock Price 2 days before: 25.7046
Stock Price 1 day before: 26.0666
Stock Price at release: 25.726
Risk-Free Rate at release: 0.0528
| 23.8737 |
Symbol: IMKTA
Security: Ingles Markets, Incorporated
Related Stocks/Topics: Dividends
Title: Ingles Markets, Inc. - (IMKTA) Declares $0.16 Dividend
Type: News
Publication: Fintel
Publication Author: George Maybach
Date: 2023-07-05 05:00:00
Article: Ingles Markets, Inc. - said on June 26, 2023 that its board of directors declared a [regular quarterly dividend](https://fintel.io/sd/us/imkta?utm_source=nasdaq.com&utm_medium=referral&utm_campaign=ingles-markets-inc-imkta-declares-016-dividend-767) of $0.16 per share ($0.66 annualized). Previously, the company paid $0.16 per share. Shareholders of record as of July 6, 2023 will receive the payment on July 13, 2023. At the current share price of $83.33 / share, the stock's dividend yield is 0.79%. **What is the Fund Sentiment?** There are [495 funds or institutions reporting positions](https://fintel.io/so/us/imkta?utm_source=nasdaq.com&utm_medium=referral&utm_campaign=ingles-markets-inc-imkta-declares-016-dividend-767) in Ingles Markets, Inc. -. This is an increase of 4 owner(s) or 0.81% in the last quarter. Average portfolio weight **of all funds** dedicated to IMKTA is 0.19%, a decrease of 18.10%. Total shares owned by institutions decreased in the last three months by 1.78% to 14,834K shares. [IMKTA / Ingles Markets, Inc. - Class A Put/Call Ratios](https://images.fintel.io/us-imkta-put-call-ratio-chart.png) The [put/call ratio](https://fintel.io/sopt/us/imkta?utm_source=nasdaq.com&utm_medium=referral&utm_campaign=ingles-markets-inc-imkta-declares-016-dividend-767) of IMKTA is 0.16, indicating a bullish outlook. **What are Other Shareholders Doing?** [IMKTA / Ingles Markets, Inc. - Class A Shares Held by Institutions](https://images.fintel.io/us-imkta-so.png)[River Road Asset Management](https://fintel.io/i/river-road-asset-management-llc?utm_source=nasdaq.com&utm_medium=referral&utm_campaign=ingles-markets-inc-imkta-declares-016-dividend-767) holds 781K shares. In it's prior filing, the firm reported owning 771K shares, representing **an increase** of 1.23%. The firm **decreased** its portfolio allocation in IMKTA by 7.36% over the last quarter. [Royce & Associates](https://fintel.io/i/royce-associates-llc?utm_source=nasdaq.com&utm_medium=referral&utm_campaign=ingles-markets-inc-imkta-declares-016-dividend-767) holds 692K shares. In it's prior filing, the firm reported owning 738K shares, representing **a decrease** of 6.71%. The firm **decreased** its portfolio allocation in IMKTA by 17.92% over the last quarter. [Lsv Asset Management](https://fintel.io/i/lsv-asset-management?utm_source=nasdaq.com&utm_medium=referral&utm_campaign=ingles-markets-inc-imkta-declares-016-dividend-767) holds 580K shares. In it's prior filing, the firm reported owning 631K shares, representing **a decrease** of 8.72%. The firm **decreased** its portfolio allocation in IMKTA by 13.98% over the last quarter. [RYSEX - Royce Special Equity Fund Investment Class](https://fintel.io/i/royce-fund-royce-special-equity-fund-investment-class?utm_source=nasdaq.com&utm_medium=referral&utm_campaign=ingles-markets-inc-imkta-declares-016-dividend-767) holds 565K shares. In it's prior filing, the firm reported owning 592K shares, representing **a decrease** of 4.69%. The firm **decreased** its portfolio allocation in IMKTA by 15.19% over the last quarter. [Gamco Investors, Inc. Et Al](https://fintel.io/i/gamco-investors-inc-et-al?utm_source=nasdaq.com&utm_medium=referral&utm_campaign=ingles-markets-inc-imkta-declares-016-dividend-767) holds 533K shares. In it's prior filing, the firm reported owning 538K shares, representing **a decrease** of 0.91%. The firm **decreased** its portfolio allocation in IMKTA by 8.85% over the last quarter. **Ingles Markets Background Information**(This description is provided by the company.) Ingles Markets, Incorporated is a leading supermarket chain with operations in six southeastern states. Headquartered in Asheville, North Carolina, the Company operates 198 supermarkets. In conjunction with its supermarket operations, the Company operates neighborhood shopping centers, most of which contain an Ingles supermarket. The Company also owns a fluid dairy facility that supplies Company supermarkets and unaffiliated customers. Additional reading: - [Ingles Markets, Incorporated Reports Results for Second Quarter and First Six Months of Fiscal 2023](https://fintel.io/doc/sec-ingles-markets-inc-50493-ex991-2023-may-04-19481-6209?utm_source=nasdaq.com&utm_medium=referral&utm_campaign=ingles-markets-inc-imkta-declares-016-dividend-767) - [Form 10-Q](https://fintel.io/doc/sec-ingles-markets-inc-50493-10q-2023-may-04-19481-5729?utm_source=nasdaq.com&utm_medium=referral&utm_campaign=ingles-markets-inc-imkta-declares-016-dividend-767) - [Ingles Markets, Incorporated Reports Results for First Quarter Fiscal 2023](https://fintel.io/doc/sec-ingles-markets-inc-50493-ex991-2023-february-02-19390-4130?utm_source=nasdaq.com&utm_medium=referral&utm_campaign=ingles-markets-inc-imkta-declares-016-dividend-767) - [Form 10-Q](https://fintel.io/doc/sec-ingles-markets-inc-50493-10q-2023-february-02-19390-5271?utm_source=nasdaq.com&utm_medium=referral&utm_campaign=ingles-markets-inc-imkta-declares-016-dividend-767) - [Ingles Markets, Incorporated Reports Results for Fourth Quarter and Fiscal Year 2022](https://fintel.io/doc/sec-ingles-markets-inc-50493-ex991-2022-november-23-19319-7637?utm_source=nasdaq.com&utm_medium=referral&utm_campaign=ingles-markets-inc-imkta-declares-016-dividend-767) This story originally appeared on [Fintel](https://fintel.io/news/ingles-markets-inc-imkta-declares-016-dividend-767?utm_source=nasdaq.com&utm_medium=referral&utm_campaign=ingles-markets-inc-imkta-declares-016-dividend-767).
Stock Price 4 days before: 0.0
Stock Price 2 days before: 0.0
Stock Price 1 day before: 0.0
Stock Price at release: 0.0
Risk-Free Rate at release: 0.0528
| 0 |
Symbol: PFLT
Security: PennantPark Floating Rate Capital Ltd.
Related Stocks/Topics: DOC|Markets|MPW
Title: Want $6,000 in Annual Dividend Income? Invest $64,200 in These 3 High-Yield Stocks.
Type: News
Publication: The Motley Fool
Publication Author: Cory Renauer
Date: 2023-07-05 05:18:00
Article: If you want to turn your savings into an income stream, there are a lot of options. You could buy homes or other property to rent, but this leaves you responsible for maintenance, taxes, and perhaps a mortgage.If you want an income stream that's truly passive, it's hard to do better than dividend-paying stocks. That said, not every stock that pays dividends can raise its payout over time. These three stocks stand out because they offer unusually high yields at the moment. There's also a good chance that they'll be able to raise their dividend payouts year after year. [Frustrated investor making calculations.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F738051%2Ffrustrated-investor-looking-at-stock-charts-getty.jpg&w=700) Image source: Getty Images. **1. Physicians Realty Trust: A 6.6% yield** As its name implies, **Physicians Realty Trust** [(NYSE: DOC)](https://www.nasdaq.com/market-activity/stocks/doc) is a real estate investment trust ([REIT](https://www.fool.com/investing/stock-market/market-sectors/real-estate-investing/reit/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=d4cda8f3-0575-495e-88ee-f747c00c3edd))) that specializes in medical office buildings (MOBs). REITs in general make great investment vehicles for income-seeking investors because they can avoid paying income taxes as long as they distribute at least 90% of their profits to shareholders as a dividend.Right now, you can secure $2,000 in annual dividend income from Physicians Realty Trust with an investment of around $30,400 up front. [Funds from operations](https://www.fool.com/investing/stock-market/market-sectors/real-estate-investing/reit/ffo/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=d4cda8f3-0575-495e-88ee-f747c00c3edd), a proxy for earnings used to measure a REIT's performance, reached $0.24 per share, which is just enough to maintain a quarterly dividend payout set at $0.23 per share.The COVID-19 pandemic upended the usual flow of patients through the outpatient facilities Physicians Reality Trust owns. Looking ahead, this REIT's property portfolio appears destined to deliver rising profits. In 2021, U.S. healthcare spending reached a stunning $4.3 trillion, and this figure is expected to outpace the overall economy and grow at a rate of 5.4% annually through 2031. Overall healthcare expenses being on the rise aren't the only trend benefiting this REIT. It selectively invests in outpatient facilities, which are growing in popularity, while time spent at inpatient facilities has steadily dropped. **2. Medical Properties Trust: A 12.5% yield****Medical Properties Trust** [(NYSE: MPW)](https://www.nasdaq.com/market-activity/stocks/mpw) is a REIT that owns hundreds of hospitals in the U.S. and abroad. Right now, an investment of around $16,000 is all it takes to secure $2,000 in annual dividend income from this stock.Utilization of outpatient facilities is growing faster than inpatient facilities, but hospital expenditures are still on the rise. In 2021, hospital expenditures in the U.S. climbed 4.4% to reach $1.3 trillion.Medical Properties Trust gets hospital operators to sign net leases that transfer responsibility for variable expenses like taxes and maintenance to the tenant. This makes cash flows super reliable, as long as tenants keep paying rent.The stock offers a huge yield right now because its third-largest tenant, Prospect Medical, didn't pay rent in the first quarter. This probably isn't as big a problem as it seems. Prospect received new financing in May that will likely result in it resuming payments before the end of 2023. **3. PennantPark Floating Rate Capital: An 11.2% yield****PennantPark Floating Rate Capital** [(NYSE: PFLT)](https://www.nasdaq.com/market-activity/stocks/pflt) is a business development company (BDC), which is another type of entity that can avoid paying taxes by distributing nearly all its profits to shareholders as a dividend. Right now, an investment of just $17,800 is enough to line up $2,000 of annual dividend income from this stock.BDCs exist because big banks generally aren't willing to make commercial loans to midsized businesses. As its name implies, this BDC strongly prefers making variable interest rate loans. It also prefers lending to companies with established private-equity sponsors.This stock offers a big yield right now because investors are concerned that its borrowers won't be able to keep up with loan payments that have grown a great deal in a short amount of time. The fear seems overblown compared to the BDC's performance. There were four companies representing 2% of the total portfolio at cost on nonaccrual status at the end of March.Investors will want to keep an eye open for more unpaid loans, but for now, it looks like PennantPark Floating Rate Capital's dividend is going to be just fine. **10 stocks we like better than Physicians Realty Trust** When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=fee7ad2a-d940-42aa-9c92-3a8beceae73a&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DPhysicians%2520Realty%2520Trust&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=d4cda8f3-0575-495e-88ee-f747c00c3edd) for investors to buy right now... and Physicians Realty Trust wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=fee7ad2a-d940-42aa-9c92-3a8beceae73a&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DPhysicians%2520Realty%2520Trust&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=d4cda8f3-0575-495e-88ee-f747c00c3edd)*Stock Advisor returns as of June 30, 2023 [Cory Renauer](https://www.fool.com/author/2431/) has positions in Medical Properties Trust. The Motley Fool recommends Physicians Realty Trust. The Motley Fool has a [disclosure policy](https://www.fool.com/legal/fool-disclosure-policy/).
Stock Price 4 days before: 10.7406
Stock Price 2 days before: 10.7385
Stock Price 1 day before: 10.7268
Stock Price at release: 10.6899
Risk-Free Rate at release: 0.0528
| 11.2303 |
Symbol: RDFN
Security: Redfin Corporation
Related Stocks/Topics: ZS|Markets
Title: 2 Stocks Down 60% and 87% to Buy Ahead of the New Bull Market
Type: News
Publication: The Motley Fool
Publication Author: Anthony Di Pizio
Date: 2023-07-05 05:55:00
Article: In June 2022, the benchmark **S&P 500** stock market index officially closed 20% below its all-time high. There was general agreement among Wall Street analysts that a bear market had officially begun, and the index continued to slide until October. Last month, the S&P 500 marked a 20% gain from that October low point, and some on Wall Street began declaring the beginning of a new [bull market](https://www.fool.com/investing/how-to-invest/bull-market/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=fba682e3-cd08-4860-9a98-8f8f896fc28c). Not everybody agrees (many experts think the index also needs to reclaim its previous all-time high) that the bear has been forced back into hibernation just yet.What's the average investor supposed to do with all this? For the long-term investor, it doesn't really matter all that much. Focusing on the long term smoothes out this type of noise and increases the probability of generating a positive return. It's more important to remember that the S&P 500 has alwaysrecovered to new highs throughout history, given enough time. Ahead of the next bull market, there are two stocks long-term investors might want to look at, in part, because they are still trading at a steep discount to their all-time highs. Buying them now might pave the way for strong returns, regardless of when the next bull market does officially start. **1. Zscaler: Down 60% from its all-time high** Cyber risks grow each day for companies that run their operations online using cloud computing. The cloud helps organizations tie their businesses together in the digital sphere across borders, connecting departments and reaching customers no matter where they're located. It also facilitates remote work for employees, which allows companies to access a global talent pool. But all that remote access also creates vulnerabilities. **Zscaler**'s [(NASDAQ: ZS)](https://www.nasdaq.com/market-activity/stocks/zs) [cybersecurity](https://www.fool.com/investing/stock-market/market-sectors/information-technology/cybersecurity-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=fba682e3-cd08-4860-9a98-8f8f896fc28c) tools are designed to eliminate those vulnerabilities.Zscaler's Zero Trust technology adds extra layers of verification for those wanting to access the network. It looks at the device being used and the location of the login attempt to determine whether it's the remote worker or a malicious actor.That sounds secure but it isn't always enough, because attackers are constantly growing more sophisticated. Zscaler also secures workloads through the Zero Trust Exchange, which means each employee is only assigned access to the online applications they need to do their jobs. Even if there is a login breach in one segment of the network, a hacker can't gain access to the rest.[Artificial intelligence (AI)](https://www.fool.com/investing/2023/06/24/5-super-semiconductor-stocks-buy-hand-fist-for-ai/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=fba682e3-cd08-4860-9a98-8f8f896fc28c) powers all of this security behind the scenes. The Zero Trust Exchange ingests 300 trillion signals into its models and fends off 9 billion attacks on behalf of customers each day, making it the largest security [cloud](https://www.fool.com/investing/stock-market/market-sectors/information-technology/cloud-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=fba682e3-cd08-4860-9a98-8f8f896fc28c) in the world. Over 6,000 businesses use Zscaler and, as that number grows, its AI models will have access to more data and become more proficient at protecting customers. Zscaler's stock is down 60% from its all-time high since November 2021, fueled in large part by the broader sell-off in the tech sector. The stock price has bounced 32% this year, signaling the start of what could be a much stronger recovery. Why? Because Zscaler is one of few companies consistently beating its revenue targets and increasing its forecasts, despite tough economic conditions.It generated $418 million in revenue during fiscal 2023's third quarter (ended April 30), which was up 46% year over year and well above its prior guidance. As a result, the company raised its full-year revenue forecast to $1.6 billion, marking the third forecast increase in fiscal 2023.That kind of operational performance offers strong hints that Zscaler stock is worth considering for those who anticipate a new bull market. **2. Redfin: Down 87% from its all-time high****Redfin** [(NASDAQ: RDFN)](https://www.nasdaq.com/market-activity/stocks/rdfn) is in a totally different situation to Zscaler. It's a real estate technology company suffering from economic headwinds stemming from rising interest rates. It's also in the middle of a major restructuring. This has led to plenty of volatility with Redfin stock trading 87% below its all-time high, but also trading up a whopping 188% in 2023.In 2022, Redfin elected to close its RedfinNow iBuying business, which involved buying homes directly from willing sellers and attempting to flip them for a profit. With higher interest rates, the threat of a fall in real estate prices loomed, and RedfinNow faced the prospect of significant financial losses on its inventory of already-purchased homes. Management was duly concerned and started liquidating the iBuying segment. The segment accounted for almost half of Redfin's total revenue, so the closure had a major impact on its top-line results. It also created an eventual path to profitability for the company, which is a welcome trade-off. Redfin now focuses on its service-based segments, which are capital light. Its real estate brokering business is the largest of them. The company employs 1,876 lead agents, who cover 98% of U.S. geographic markets, which allows Redfin to focus on volume by charging listing fees as low as 1%, compared to the 2.5% that small agencies normally charge.Redfin's mortgage business is also gaining momentum following its acquisition of Bay Equity Home Loans in 2022. In the first quarter of 2023 (ended March 31), approximately 20% of Redfin homebuyers borrowed from its mortgage division, compared to just 4% one year ago.Additionally, Redfin recently built a plug-in for the AI chatbot [ChatGPT](https://www.fool.com/investing/stock-market/market-sectors/information-technology/ai-stocks/chatgpt/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=fba682e3-cd08-4860-9a98-8f8f896fc28c), which home buyers can prompt to find their ideal house. Rather than spending hours scrolling through listings online, they can simply describe what they want to ChatGPT and the chatbot will retrieve all the available Redfin properties that meet their criteria. Reducing friction could theoretically result in faster sales.Redfin's revenue crashed by 45% year over year during Q1, primarily due to the absence of RedfinNow. But on a positive note, management says the renewed focus on services could result in the company generating positive adjusted earnings before interest, taxes, depreciation, and amortization ([EBITDA](https://www.fool.com/investing/how-to-invest/stocks/ebitda/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=fba682e3-cd08-4860-9a98-8f8f896fc28c))) for the 2023 full year.Wall Street analysts predict Redfin's total revenue will return to a modest growth rate in 2024. There's upside potential because some experts believe the U.S. Federal Reserve could start cutting interest rates early in the new year. If that happens, real estate prices could gather momentum, which would be great for Redfin's brokering and mortgage businesses in particular. That makes Redfin a great stock to carry into a new bull market. **10 stocks we like better than Zscaler** When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=aee97710-31d4-4439-8f02-9bba471bacab&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DZscaler&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=fba682e3-cd08-4860-9a98-8f8f896fc28c) for investors to buy right now... and Zscaler wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=aee97710-31d4-4439-8f02-9bba471bacab&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DZscaler&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=fba682e3-cd08-4860-9a98-8f8f896fc28c)*Stock Advisor returns as of June 30, 2023 [Anthony Di Pizio](https://www.fool.com/author/20380/) has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Redfin and Zscaler. The Motley Fool recommends the following options: short August 2023 $14 calls on Redfin. The Motley Fool has a [disclosure policy](https://www.fool.com/legal/fool-disclosure-policy/).
Stock Price 4 days before: 12.5206
Stock Price 2 days before: 12.8304
Stock Price 1 day before: 13.2942
Stock Price at release: 13.3294
Risk-Free Rate at release: 0.0528
| 12.9875 |
Symbol: LMND
Security: Lemonade, Inc.
Related Stocks/Topics: SOFI|Markets|UPST
Title: Is This a New Bull Market? 3 Stocks the Smartest Investors Are Watching
Type: News
Publication: The Motley Fool
Publication Author: Justin Pope
Date: 2023-07-05 06:05:00
Article: Since hitting lows last October, the broader stock market has made strides to the point that some analysts are declaring this a new bull market. This shift in market sentiment could be a big turning point for investors moving forward.A [bull market](https://www.fool.com/investing/how-to-invest/bull-market/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=477aad27-9dd6-4324-9b02-ed33a63a8b72) often whets investors' appetite for risk, which means some beaten-down, less-established stocks could be big winners moving forward. The key is to identify them early. The smartest investors are tracking these diamonds in the rough before the masses flock to them. Here are three examples that have the improving fundamentals needed to spark huge long-term returns. **These three growth stocks have long journeys ahead** Financial growth stocks like **Sofi Technologies** [(NASDAQ: SOFI)](https://www.nasdaq.com/market-activity/stocks/sofi), **Upstart Holdings** [(NASDAQ: UPST)](https://www.nasdaq.com/market-activity/stocks/upst), and **Lemonade** [(NYSE: LMND)](https://www.nasdaq.com/market-activity/stocks/lmnd) have all rallied hard over the past two months, but a quick look below will show you how little these moves have meant in the bigger picture:[](https://ycharts.com/companies/UPST/chart/)[UPST](https://ycharts.com/companies/UPST) data by [YCharts](https://ycharts.com/) Names like Upstart and Lemonade must still rise roughly tenfold from these prices to return to their former highs. I'm not saying this will happen overnight, or even in the next year. But it has real potential to happen. Let's review each of these stocks to highlight why these companies could be compelling long-term investments. **SoFi Technologies' best business is back in business** The upcoming end to the student loan freeze is a big boost for digital bank SoFi Technologies. The company refinances a lot of student loans. Loan volume was $6.7 billion in 2019, which dropped to $2.2 billion in 2022. The resumption of payments this fall should spark students to refinance for lower rates or smaller monthly payments to help keep up with living expenses.But SoFi is not a one-trick pony; the rest of SoFi has thrived over the past several years despite its shrinking student loan business. [](https://ycharts.com/companies/SOFI/chart/)[SOFI Revenue (TTM)](https://ycharts.com/companies/SOFI/revenues_ttm) data by [YCharts](https://ycharts.com/) The company's member base has grown from 1 billion in Q1 of 2020 to 5.6 billion in just three years. SoFi offers users a smartphone super app where they can bank, save, make payments, invest, and work on their credit. It's a digital sales funnel because users can start with SoFi for one product (such as their student loans) and gradually explore additional products. The resumption of student loan repayments could juice SoFi's growth, which is already stellar due to its success in picking up new members. **Upstart's crucial pivot** [The Federal Open Market Committee (FOMC)](https://www.fool.com/terms/f/fomc/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=477aad27-9dd6-4324-9b02-ed33a63a8b72) raised the [Federal Funds Rate](https://www.fool.com/investing/how-to-invest/federal-funds-rate/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=477aad27-9dd6-4324-9b02-ed33a63a8b72) at one of the fastest paces in history last year. That wreaked havoc on Upstart Holdings, which uses [artificial intelligence (AI)](https://www.fool.com/terms/a/artificial-intelligence/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=477aad27-9dd6-4324-9b02-ed33a63a8b72) to approve borrowers for loans. Interest rates rose so quickly that some of Upstart's loans got trapped with poor unit economics, which caused management to stockpile them on Upstart's balance sheet. Loans held on its balance sheet swelled to roughly $1 billion in just a few quarters, choking Upstart's ability to take on more loans, ultimately slowing growth and tanking profits.[](https://ycharts.com/companies/UPST/chart/)[UPST Revenue (TTM)](https://ycharts.com/companies/UPST/revenues_ttm) data by [YCharts](https://ycharts.com/) But the company could be on a path to redemption. Management has made it a point to accumulate committed funding, meaning buyers that are pledging capital to buy loans ahead of time, so the company can approve loans with the certainty that it has buyers ready to take them off its hands. Interest rates also appear near their near-term height, which could also get Upstart's business firing on all cylinders in the near future. Upstart's [expanding partner network](https://www.fool.com/investing/2023/07/02/is-this-hot-ai-stock-actually-as-promising-as-ever/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=477aad27-9dd6-4324-9b02-ed33a63a8b72) and new product potential make the stock a speculative long-term idea with a compelling upside. **Lemonade's AI models are making strides** Insurance is a massive industry that's been around for a long time. The incumbent insurers that dominate the field have deep pockets and loads of data. Yet Lemonade, which wasn't founded until 2015, is trying to establish its footing. The company is forgoing the traditional agent-based business model with AI chatbots that can quickly handle sales and claims through a smartphone app. Lemonade's small size and inferior underwriting metrics (loss ratio) led to skepticism among investors last year.[](https://ycharts.com/companies/LMND/chart/)[LMND Revenue (TTM)](https://ycharts.com/companies/LMND/revenues_ttm) data by [YCharts](https://ycharts.com/) But Lemonade's improving performance could show investors that the company isn't just a fad. The company's gross loss ratio has improved from 121% in Q1 of 2021 to 87% in two years. A lower ratio means that the company is paying out less in claims than what it collects in premiums from customers. Additionally, customers seemingly enjoy Lemonade's user experience; user growth is strong at 1.8 million as of Q1, up 23% year over year. Investors should keep an eye on the company to see that user growth continues and loss ratios keep improving. If that happens, there's no reason this company's $1 billion [market cap](https://www.fool.com/investing/how-to-invest/stocks/what-is-market-cap/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=477aad27-9dd6-4324-9b02-ed33a63a8b72) can't get much bigger over the coming years. **10 stocks we like better than SoFi Technologies** When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=498cc298-70d2-480e-a706-4eb24606b4f8&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DSoFi%2520Technologies&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=477aad27-9dd6-4324-9b02-ed33a63a8b72) for investors to buy right now... and SoFi Technologies wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=498cc298-70d2-480e-a706-4eb24606b4f8&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DSoFi%2520Technologies&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=477aad27-9dd6-4324-9b02-ed33a63a8b72)*Stock Advisor returns as of July 3, 2023 [Justin Pope](https://www.fool.com/author/6581/) has positions in Upstart. The Motley Fool has positions in and recommends Lemonade and Upstart. The Motley Fool has a [disclosure policy](https://www.fool.com/legal/fool-disclosure-policy/).
Stock Price 4 days before: 0.816125
Stock Price 2 days before: 17.0345
Stock Price 1 day before: 0.831147
Stock Price at release: 17.8203
Risk-Free Rate at release: 0.0528
| 17.7417 |
Symbol: MAX
Security: MediaAlpha, Inc.
Related Stocks/Topics: VB|Markets|IBRX|TASK
Title: Surprising Analyst 12-Month Target For VB
Type: News
Publication: BNK Invest
Publication Author: BNK Invest
Date: 2023-07-05 06:29:00
Article: Looking at the underlying holdings of the ETFs in our coverage universe at [ETF Channel](https://www.etfchannel.com/), we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Vanguard Small-Cap ETF (Symbol: VB), we found that the implied analyst target price for the ETF based upon its underlying holdings is $225.36 per unit. With VB trading at a recent price near $199.66 per unit, that means that analysts see 12.87% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of VB's underlying holdings with notable upside to their analyst target prices are ImmunityBio Inc (Symbol: IBRX), MediaAlpha Inc (Symbol: MAX), and TaskUs Inc (Symbol: TASK). Although IBRX has traded at a recent price of $2.74/share, the average analyst target is 64.23% higher at $4.50/share. Similarly, MAX has 56.28% upside from the recent share price of $9.47 if the average analyst target price of $14.80/share is reached, and analysts on average are expecting TASK to reach a target price of $16.89/share, which is 48.79% above the recent price of $11.35. Below is a twelve month price history chart comparing the stock performance of IBRX, MAX, and TASK: [IBRX, MAX, and TASK Relative Performance Chart](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Below is a summary table of the current analyst target prices discussed above: \begin{table}{|c|c|c|c|c|} \hline NAME & SYMBOL & RECENT PRICE & AVG. ANALYST 12-MO. TARGET & % UPSIDE TO TARGET \\ \hline Vanguard Small-Cap ETF & VB & $199.66 & $225.36 & 12.87% \\ \hline ImmunityBio Inc & IBRX & $2.74 & $4.50 & 64.23% \\ \hline MediaAlpha Inc & MAX & $9.47 & $14.80 & 56.28% \\ \hline TaskUs Inc & TASK & $11.35 & $16.89 & 48.79% \\ \hline \end{table} Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research. [10 ETFs With Most Upside To Analyst Targets »](http://www.etfchannel.com/slideshows/ten-etfs-with-most-upside/) **Also see:** [DSU Historical Stock Prices](https://www.historicalstockprice.com/dsu-historical-stock-prices/) [Top Ten Hedge Funds Holding KACL](https://www.holdingschannel.com/hedge-funds/holding-kacl/) [SAMG Options Chain](https://www.stockoptionschannel.com/symbol/samg/)
Stock Price 4 days before: 10.3331
Stock Price 2 days before: 10.3163
Stock Price 1 day before: 9.55018
Stock Price at release: 9.90207
Risk-Free Rate at release: 0.0528
| 9.07865 |
Symbol: TASK
Security: TaskUs, Inc.
Related Stocks/Topics: VB|Markets|IBRX|MAX
Title: Surprising Analyst 12-Month Target For VB
Type: News
Publication: BNK Invest
Publication Author: BNK Invest
Date: 2023-07-05 06:29:00
Article: Looking at the underlying holdings of the ETFs in our coverage universe at [ETF Channel](https://www.etfchannel.com/), we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Vanguard Small-Cap ETF (Symbol: VB), we found that the implied analyst target price for the ETF based upon its underlying holdings is $225.36 per unit. With VB trading at a recent price near $199.66 per unit, that means that analysts see 12.87% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of VB's underlying holdings with notable upside to their analyst target prices are ImmunityBio Inc (Symbol: IBRX), MediaAlpha Inc (Symbol: MAX), and TaskUs Inc (Symbol: TASK). Although IBRX has traded at a recent price of $2.74/share, the average analyst target is 64.23% higher at $4.50/share. Similarly, MAX has 56.28% upside from the recent share price of $9.47 if the average analyst target price of $14.80/share is reached, and analysts on average are expecting TASK to reach a target price of $16.89/share, which is 48.79% above the recent price of $11.35. Below is a twelve month price history chart comparing the stock performance of IBRX, MAX, and TASK: [IBRX, MAX, and TASK Relative Performance Chart](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Below is a summary table of the current analyst target prices discussed above: \begin{table}{|c|c|c|c|c|} \hline NAME & SYMBOL & RECENT PRICE & AVG. ANALYST 12-MO. TARGET & % UPSIDE TO TARGET \\ \hline Vanguard Small-Cap ETF & VB & $199.66 & $225.36 & 12.87% \\ \hline ImmunityBio Inc & IBRX & $2.74 & $4.50 & 64.23% \\ \hline MediaAlpha Inc & MAX & $9.47 & $14.80 & 56.28% \\ \hline TaskUs Inc & TASK & $11.35 & $16.89 & 48.79% \\ \hline \end{table} Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research. [10 ETFs With Most Upside To Analyst Targets »](http://www.etfchannel.com/slideshows/ten-etfs-with-most-upside/) **Also see:** [DSU Historical Stock Prices](https://www.historicalstockprice.com/dsu-historical-stock-prices/) [Top Ten Hedge Funds Holding KACL](https://www.holdingschannel.com/hedge-funds/holding-kacl/) [SAMG Options Chain](https://www.stockoptionschannel.com/symbol/samg/)
Stock Price 4 days before: 11.4022
Stock Price 2 days before: 11.4007
Stock Price 1 day before: 11.4336
Stock Price at release: 11.327
Risk-Free Rate at release: 0.0528
| 12.4735 |
Symbol: SLRN
Security: Acelyrin, Inc.
Related Stocks/Topics: VBK|Markets|VZIO|ZNTL
Title: Sum Up The Parts: VBK Could Be Worth $263
Type: News
Publication: BNK Invest
Publication Author: BNK Invest
Date: 2023-07-05 06:29:00
Article: Looking at the underlying holdings of the ETFs in our coverage universe at [ETF Channel](https://www.etfchannel.com/), we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Vanguard Small-Cap Growth ETF (Symbol: VBK), we found that the implied analyst target price for the ETF based upon its underlying holdings is $262.65 per unit. With VBK trading at a recent price near $229.72 per unit, that means that analysts see 14.34% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of VBK's underlying holdings with notable upside to their analyst target prices are ACELYRIN Inc (Symbol: SLRN), VIZIO Holding Corp (Symbol: VZIO), and Zentalis Pharmaceuticals Inc (Symbol: ZNTL). Although SLRN has traded at a recent price of $20.42/share, the average analyst target is 108.94% higher at $42.67/share. Similarly, VZIO has 95.77% upside from the recent share price of $6.73 if the average analyst target price of $13.18/share is reached, and analysts on average are expecting ZNTL to reach a target price of $47.67/share, which is 68.49% above the recent price of $28.29. Below is a twelve month price history chart comparing the stock performance of SLRN, VZIO, and ZNTL: [SLRN, VZIO, and ZNTL Relative Performance Chart](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Below is a summary table of the current analyst target prices discussed above: \begin{table}{|c|c|c|c|c|} \hline NAME & SYMBOL & RECENT PRICE & AVG. ANALYST 12-MO. TARGET & % UPSIDE TO TARGET \\ \hline Vanguard Small-Cap Growth ETF & VBK & $229.72 & $262.65 & 14.34% \\ \hline ACELYRIN Inc & SLRN & $20.42 & $42.67 & 108.94% \\ \hline VIZIO Holding Corp & VZIO & $6.73 & $13.18 & 95.77% \\ \hline Zentalis Pharmaceuticals Inc & ZNTL & $28.29 & $47.67 & 68.49% \\ \hline \end{table} Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research. [10 ETFs With Most Upside To Analyst Targets »](http://www.etfchannel.com/slideshows/ten-etfs-with-most-upside/) **Also see:** [Institutional Holders of ACB](https://www.holdingschannel.com/institutional/holders-of-acb/) [DAN Dividend Growth Rate](https://www.dividendchannel.com/symbol/dan/dividend-growth-rate/) [WT YTD Return](https://www.ytdreturn.com/wt/)
Stock Price 4 days before: 20.9295
Stock Price 2 days before: 21.6646
Stock Price 1 day before: 20.4231
Stock Price at release: 20.6093
Risk-Free Rate at release: 0.0528
| 23.98 |
Symbol: LAC
Security: Lithium Americas Corp.
Related Stocks/Topics: Markets|ALB|BYDDF
Title: The 3 Most Undervalued Battery Stocks to Buy Now: June 2023
Type: News
Publication: InvestorPlace
Publication Author: Chris MacDonald
Date: 2023-07-05 06:45:00
Article: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral) In the growing electric-vehicle (EV) industry, investing in undervalued [battery stocks](https://investorplace.com/industries/energy/renewable-energy/battery/?utm_source=Nasdaq&utm_medium=referral) is key. With the increasing demand for EVs, battery production is crucial, yet challenging due to material shortages. Companies that have already established strong battery production hold a competitive edge over new entrants. Everyone knows about strong electric car companies like **Tesla** (NYSE: [TSLA](http://www.nasdaq.com/symbol/tsla)) and **Toyota** (NYSE: [TM](http://www.nasdaq.com/symbol/tm)), but what about those hidden gem companies? Buying low on these can spell big returns in the future! That said, here are three undervalued battery stocks to buy now. ****Lithium Americas (LAC)**** [smartphone with logo of Canadian company Lithium Americas Corp on screen](https://investorplace.com/wp-content/uploads/2021/11/lithium-americas-lac-1600-300x169.jpg) Source: Wirestock Creators / Shutterstock.com** Lithium Americas** (NYSE: [LAC](http://www.nasdaq.com/symbol/lac)) is poised to thrive as an excellent battery stock amidst the electric vehicle boom. As automakers embrace electrification, the demand for [lithium stocks](https://investorplace.com/industries/energy/renewable-energy/battery/lithium/?utm_source=Nasdaq&utm_medium=referral) will soar. LAC, [ currently trading at around $20](https://finance.yahoo.com/quote/LAC/), has experienced a 17% year-to-date increase, although it remains below its 52-week high of $33. The company’s ongoing construction of the Thacker Pass Project, which holds the country’s largest lithium deposit and the world’s second-largest, promises a steady revenue stream starting in 2026. This project holds tremendous potential for unlocking substantial value in the years to come.Moreover, Lithium Americas has achieved a significant milestone with its Caucharí-Olaroz project. It produced its initial batch of lower-than-battery-quality lithium carbonate during the commissioning phase. Additionally, the company has decided to undergo a division. Lithium Argentina concentrates [ on projects like Caucharí-Olaroz](https://www.lithiumamericas.com/argentina/cauchari-olaroz/), Pastos Grandes and Sal de la Puna. Meanwhile, Lithium Americas will prioritize its Thacker Pass lithium project in Humboldt County, Nevada.With its sites poised to commence operations, this stock holds the possibility of doubling in value. While there is some volatility and inherent risk involved, the significant upside potential cannot be overlooked. ****Byd Co. (BYDDF)**** [BYD Company Limited logo in front of their website. BYDDY stock.](https://investorplace.com/wp-content/uploads/2022/06/byd-1600-300x169.png) Source: T. Schneider / Shutterstock** BYD Co.** (OTCMKTS: [BYDDF](http://www.nasdaq.com/symbol/byddf)), a Tesla competitor, is capitalizing on its advantages and growth potential. The company recently introduced a new EV brand, [ Fang Cheng Bao](https://www.businesswire.com/news/home/20230608005841/en/BYD-Unleashes-FANG-CHENG-BAO-A-New-Brand-that-Specializes-in-Professional-and-Personalized-Identities), offering a diverse range of vehicles. With impressive sales figures, including 996,476 cars sold in the first five months of this year, BYD is expanding globally, targeting markets like Japan, Europe, and Latin America. As a leading EV battery manufacturer, BYD plans to enhance the production of its lithium iron phosphate Blade Batteries, reinforcing its position in the thriving Chinese EV market.BYD stock appears undervalued with strong growth potential. Trading at $32 and up 27% year to date, it offers room for further growth compared to Tesla. With a diverse product lineup and expansion plans, BYD provides more options for consumers, potentially driving higher sales and revenue. BYDDF is a promising EV stock for immediate investment.Investors should consider that BYD is the top-selling vehicle manufacturer in China, surpassing both EVs and non-EVs. Despite trading over the counter and not being listed on a major exchange, BYD often goes unnoticed among investors in the United States who focus on emerging EV companies, particularly within the Chinese market. ****Albemarle (ALB)**** [Albemarle (ALB) logo on a mobile phone screen](https://investorplace.com/wp-content/uploads/2020/05/alb1600a-300x169.jpg) Source: IgorGolovniov/Shutterstock.com **Albemarle** (NYSE: [ALB](http://www.nasdaq.com/symbol/alb)) remains a lucrative choice for investors seeking to capitalize on the growing EV market. As a leading lithium producer, the company’s revenue is tied to the fluctuating prices of this essential battery component. While market dynamics can cause rapid shifts in lithium prices, Albemarle has proven its resilience. Despite recent challenges like oversupply concerns, Albemarle remains one of the top picks in this sector, driven by several significant factors that contribute to market volatility.Albemarle is poised to benefit from the [ increasing demand for lithium](https://www.reuters.com/markets/commodities/albemarle-expects-lithium-prices-remain-high-fuel-fresh-supply-2023-01-24/) as EV adoption surges. With a significant expansion in lithium conversion capacity and ambitious growth targets, the company is well-positioned for future revenue and EBITDA growth. Despite temporary fluctuations in lithium prices, Albemarle demonstrates consistent performance and a strong dividend track record spanning 28 years.Consider Albemarle as a reliable and promising investment for long-term lithium opportunities. Secure your retirement with high-return lithium stocks by exploring Albemarle’s potential. You will not go wrong choosing this or any of the previously mentioned battery stocks.On the date of publication, Chris MacDonald 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](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral). Chris MacDonald’s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective. **More From InvestorPlace** - [Buy This $5 Stock BEFORE This Apple Project Goes Live](https://investorplace.com/2022/07/little-known-apple-project/?cid=MKT639809&eid=MKT739310&utm_source=Nasdaq&utm_medium=referral) - [Wall Street Titan: Here’s My #1 Stock for 2023](https://investorplace.com/2023/04/one-of-the-worlds-biggest-tech-breakthroughs-could-be-happening-in-americas-heartland/?cid=MKT714907&eid=MKT739331&utm_source=Nasdaq&utm_medium=referral) - [The $1 Investment You MUST Take Advantage of Right Now](https://investorplace.com/2022/06/this-could-be-the-best-deal-in-the-history-of-independent-investing-research/?cid=MKT638063&eid=MKT739342&utm_source=Nasdaq&utm_medium=referral) - [It doesn’t matter if you have $500 or $5 million. Do this now.](https://investorplace.com/2021/01/one-percenter-issues-urgent-warning/?cid=MKT499868&eid=MKT739347&utm_source=Nasdaq&utm_medium=referral) The post [The 3 Most Undervalued Battery Stocks to Buy Now: June 2023](https://investorplace.com/2023/06/the-3-most-undervalued-battery-stocks-to-buy-now-june-2023/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).
Stock Price 4 days before: 20.1736
Stock Price 2 days before: 20.2232
Stock Price 1 day before: 20.3766
Stock Price at release: 20.3747
Risk-Free Rate at release: 0.0528
| 19.0371 |
Symbol: DNUT
Security: Krispy Kreme, Inc.
Related Stocks/Topics: Markets
Title: Krispy Kreme's Chocolate Glazed Doughnut Returns For World Chocolate Day
Type: News
Publication: RTTNews
Publication Author: RTTNews.com
Date: 2023-07-05 06:51:00
Article: (RTTNews) - Krispy Kreme's popular Chocolate Glazed Doughnuts are returing to the menu in celebration of World Chocolate Day for two days only, on July 7 and 8. It will be the only time this year that the doughnut maker and coffeehouse chain will be offering its Original Glazed Doughnuts smothered in rich chocolate glaze, the company said. Chocolate Glazed Doughnuts will be available at participating Krispy Kreme shops across the U.S. on World Chocolate Day Friday and again on Saturday. It will be offered in-shop and for pickup or delivery through Krispy Kreme's app and website while supplies last. The popular doughnuts were introduced in 2017 to celebrate that year's total solar eclipse. Since then, its sightings have been rare, according to the firm. Dave Skena, Global Chief Brand Officer for Krispy Kreme, said, "It's been six years since we first delighted doughnut fans and chocolate lovers with this sensational innovation. Chocolate Glazed doughnuts are truly a special experience in our shops for guests to enjoy - from watching the chocolate glaze waterfall to the aroma of chocolate taking over shops to the taste of fresh doughnuts bathed in chocolate glaze. What a way to celebrate World Chocolate Day." The firm recently introduced new Stars and Stripes Dozen for the occasion of Independence Day for a limited time. Guests who dressed in red, white, and blue on July 4 were to get a free Original Glazed doughnut. Earlier, in celebration of National Doughnut Day on June 2, the firm offered free doughnuts.
Stock Price 4 days before: 14.5451
Stock Price 2 days before: 14.7992
Stock Price 1 day before: 14.7915
Stock Price at release: 14.773
Risk-Free Rate at release: 0.0528
| 14.67 |
Symbol: ASC
Security: Ardmore Shipping Corporation
Related Stocks/Topics: Stocks|CHMG|CBAN
Title: New Strong Sell Stocks for July 5th
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2023-07-05 07:07:00
Article: Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:**Chemung Financial Corporation** [CHMG](https://www.nasdaq.com/market-activity/stocks/chmg) is a holding company for Chemung Canal Trust Company. The Zacks Consensus Estimate for its current year earnings has been revised 5.3% downward over the last 60 days. **Ardmore Shipping Corporation** [ASC](https://www.nasdaq.com/market-activity/stocks/asc) is a company that engages in the seaborne transportation of petroleum products and chemicals. The Zacks Consensus Estimate for its current year earnings has been revised 4.8% downward over the last 60 days. **Colony Bankcorp, Inc.** [CBAN](https://www.nasdaq.com/market-activity/stocks/cban) is the bank holding company for Colony Bank. The Zacks Consensus Estimate for its current year earnings has been revised 4.6% downward over the last 60 days.View the entire [Zacks Rank #5 List.](https://www.zacks.com/portfolios/rank/5rank.php)**Zacks Reveals ChatGPT "Sleeper" Stock** One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more. [Download Free ChatGPT Stock Report Right Now >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1475&adid=SYND_NASDAQ_ZU_AICHATGPTREPORTA_TALEOFTAPE_241_07052023&cid=CS-NASDAQ-FT-tale_of_the_tape|new_zacks_5_rank_stocks-2116755)[Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=SYND_NASDAQ_7BEST_TALEOFTAPE_241&cid=CS-NASDAQ-FT-tale_of_the_tape|new_zacks_5_rank_stocks-2116755) [Ardmore Shipping Corporation (ASC) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ASC&ADID=SYND_NASDAQ_TCK_TALEOFTAPE_241&cid=CS-NASDAQ-FT-tale_of_the_tape|new_zacks_5_rank_stocks-2116755)[Chemung Financial Corp (CHMG) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CHMG&ADID=SYND_NASDAQ_TCK_TALEOFTAPE_241&cid=CS-NASDAQ-FT-tale_of_the_tape|new_zacks_5_rank_stocks-2116755)[Colony Bankcorp, Inc. (CBAN) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CBAN&ADID=SYND_NASDAQ_TCK_TALEOFTAPE_241&cid=CS-NASDAQ-FT-tale_of_the_tape|new_zacks_5_rank_stocks-2116755)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2116755/new-strong-sell-stocks-for-july-5th?cid=CS-NASDAQ-FT-tale_of_the_tape|new_zacks_5_rank_stocks-2116755)[Zacks Investment Research](https://www.zacks.com/)
Stock Price 4 days before: 12.3909
Stock Price 2 days before: 12.6656
Stock Price 1 day before: 12.5987
Stock Price at release: 12.5713
Risk-Free Rate at release: 0.0528
| 14.032 |
Symbol: TTI
Security: TETRA Technologies, Inc.
Related Stocks/Topics: Markets
Title: TETRA Sees Q2 Revenues At High End Of Prior Outlook Range
Type: News
Publication: RTTNews
Publication Author: RTTNews.com
Date: 2023-07-05 07:29:00
Article: (RTTNews) - TETRA Technologies, Inc. (TTI), an energy services and solutions company, announced Wednesday that it expects net income before taxes and discontinued operations and Adjusted EBITDA for the second quarter to be above the guidance range previously provided. TETRA had previously anticipated in net income before taxes and discontinued operations to be between $11.5 million and $13.5 million. Adjusted EBITDA was previously anticipated to be between $27 million and $30 million. This up gradation is based on strong performance by the Company's industrial calcium chloride business, strong offshore completion fluids activity and improved Water and Flowback Services margins. The company said anticipated Adjusted EBITDA excludes mark-to-market gains or losses from investments and non-recurring charges and expenses. Revenue for the second quarter is expected to be at the high end of the previously provided guidance range of between $165 million and $175 million. Further, TETRA expects second quarter cash flow from operating activities and adjusted free cash flow from continuing operations to be meaningfully above that same measure versus the first quarter of 2023.
Stock Price 4 days before: 3.41706
Stock Price 2 days before: 3.46342
Stock Price 1 day before: 3.40285
Stock Price at release: 3.53245
Risk-Free Rate at release: 0.0528
| 5.49518 |
Symbol: B
Security: Barnes Group Inc.
Related Stocks/Topics: Stocks|WOR|ALG|AXON
Title: Worthington (WOR) Q4 Earnings Surpass Estimates, Revenues Lag
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2023-07-05 07:34:00
Article: **Worthington Industries, Inc.** [WOR](https://www.nasdaq.com/market-activity/stocks/wor) logged adjusted earnings of $2.74 per share for the fourth quarter of fiscal 2023 (ending May 31, 2023), beating the Zacks Consensus Estimate of $1.96. This compares favorably with earnings of $1.58 per share a year ago.Worthington posted revenues of $1,228.9 million for the quarter, a decline of 19% from the prior-year figure of $1,520.3 million. It lagged the Zacks Consensus Estimate of $1,366 million. The decline was primarily due to lower average selling prices in the Steel Processing division and reduced total volumes. **Worthington Industries, Inc. Price, Consensus and EPS Surprise**** [](https://www.zacks.com/stock/chart/WOR/price-consensus-eps-surprise-chart?icid=chart-WOR-price-consensus-eps-surprise-chart)** [Worthington Industries, Inc. price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/WOR/price-consensus-eps-surprise-chart?icid=chart-WOR-price-consensus-eps-surprise-chart) | [Worthington Industries, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/wor) **Segment Highlights** In the fourth quarter, net sales in the Steel Processing division were $860.1 million, down $259.7 million from the prior-year quarter. Adjusted EBIT rose by $79.7 million to $96.2 million from the previous year due to an increase in operating income, largely offset by a decline in Serviacero's equity income by $2.7 million.Net sales in Consumer Products’ segment fell 3% year over year to $181.2 million in the reported quarter. The decrease is due to reduced volume, partially offset by contributions from Level5 Tools, LLC, following its acquisition on Jun 1, 2022. In the reported quarter, adjusted EBIT was down $3.8 million to $25.7 million due to the unfavorable impact of decreased volumes and higher SG&A expenses.Building Products' net sales were $142.2 million, an 18% decrease from the prior-year quarter, as lower volume more than offset a favorable shift in product mix. Adjusted EBIT declined $4.4 million to $59.2 million as a result of lower volume and higher manufacturing expenses, partly offset by a rise in equity income.Sustainable Energy Solutions' net sales were $45.4 million, up 9.9% from the prior-year quarter, attributable largely to increased average selling prices, partly offset by an unfavorable change in product mix. Adjusted EBIT was $2.6 million, up $4.3 million from the prior year's loss, as higher average selling prices led to margin improvements despite persistent inflationary pressure. **Financials** At the end of the quarter, the total debt was $692.8 million, which was $51.8 million less than the prior-year quarter. The company ended fiscal 2023 with $454.9 million in cash, up $420.5 million from the prior fiscal year-end. **Outlook** The company stated that its board approved the plan to pursue a separation of its Steel Processing division, which it hopes to accomplish by early 2024. The strategy is called "Worthington 2024." With the improved potential for growth and value generation, Worthington 2024 will lead to two independent, publicly traded firms that are more specialized and purpose-fit. To accomplish the separation, Worthington intends to distribute Steel Processing Company stock to shareholders in a tax-free manner for U.S. federal income tax purposes. **Price Performance** WOR’s shares are up 57% over the past year compared with a 42.5% rise recorded by its [ industry](https://www.zacks.com/stocks/industry-rank/industry/metal-products-procurement-and-fabrication-119).[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/76/46253.jpg?v=1475129835) Image Source: Zacks Investment Research **Zacks Rank & Other Key Picks** Worthington currently carries a Zacks Rank #1 (Strong Buy).Other top-ranked stocks in the Industrial Products space are **Alamo Group Inc.** [ALG](https://www.nasdaq.com/market-activity/stocks/alg), **Axon Enterprise Inc.** [AXON](https://www.nasdaq.com/market-activity/stocks/axon) and **Barnes Group Inc.** [B](https://www.nasdaq.com/market-activity/stocks/b) Alamo Group currently carries a Zacks Rank #1. Shares of ALG have gained 58.4% in the past year. It has a projected earnings growth rate of 28% for the current year. It delivered a trailing four-quarter earnings surprise of 17.7% on average. You can see** [ the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?adid=ZP_quote_ribbon_1list&icid=quote-detailed_estimates-zp_internal-zacks_premium-top_ribbon-1_rank)**.Axon, currently carrying a Zacks Rank #1, has a projected earnings growth rate of 42.5% for the current year. The Zacks Consensus Estimate for AXON’s current-year earnings has been revised 8.8% upward in the past 60 days. It has a trailing four-quarter earnings surprise of 44.4%, on average. The stock has gained 103.4% over the past year.Barnes currently carries a Zacks Rank #2 (Buy) and has a projected earnings growth rate of 11.1% for the current year. Shares of Barnes have gained 35.8% in the past year. It delivered a trailing four-quarter earnings surprise of 11.9% on average. **Zacks Reveals ChatGPT "Sleeper" Stock** One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more. [Download Free ChatGPT Stock Report Right Now >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1475&adid=SYND_NASDAQ_ZU_AICHATGPTREPORTA_ANALYSTBLOG_210_07052023&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2116775)[Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=SYND_NASDAQ_7BEST_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2116775)[Worthington Industries, Inc. (WOR) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=WOR&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2116775)[Barnes Group, Inc. (B) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=B&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2116775)[Alamo Group, Inc. (ALG) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ALG&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2116775)[Axon Enterprise, Inc (AXON) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=AXON&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2116775)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2116775/worthington-wor-q4-earnings-surpass-estimates-revenues-lag?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2116775)[Zacks Investment Research](https://www.zacks.com/)
Stock Price 4 days before: 42.3068
Stock Price 2 days before: 42.0125
Stock Price 1 day before: 42.2257
Stock Price at release: 41.9783
Risk-Free Rate at release: 0.0528
| 38.4827 |
Symbol: WOLF
Security: Wolfspeed, Inc.
Related Stocks/Topics: AGFY|Markets|AMRX|AULT|MP|MSSA|NCRA
Title: Pre-market Movers: WOLF, AHI, AMRX, MP, AENT…
Type: News
Publication: RTTNews
Publication Author: RTTNews.com
Date: 2023-07-05 07:40:00
Article: (RTTNews) - The following are some of the stocks making big moves in Wednesday's pre-market trading (as of 07.25 A.M. ET). In the Green Wolfspeed, Inc. (WOLF) is up over 14% at $65.03. MP Materials Corp. (MP) is up over 10% at $25.53. Nocera, Inc. (NCRA) is up over 8% at $2.97. Metal Sky Star Acquisition Corporation (MSSA) is up over 7% at $11.69. Ault Alliance, Inc. (AULT) is up over 7% at $5.68. Biodexa Pharmaceuticals Plc (BDRX) is up over 6% at $5.60. In the Red Advanced Health Intelligence Ltd. (AHI) is down over 11% at $5.07. Amneal Pharmaceuticals, Inc. (AMRX) is down over 11% at $2.71. Alliance Entertainment Holding Corp (AENT) is down over 9% at $2.51. Agrify Corporation (AGFY) is down over 7% at $3.32.
Stock Price 4 days before: 55.704
Stock Price 2 days before: 55.7798
Stock Price 1 day before: 56.772
Stock Price at release: 66.058
Risk-Free Rate at release: 0.0528
| 58.9208 |
Symbol: NKLA
Security: Nikola Corporation
Related Stocks/Topics: Markets
Title: Nikola Announces Q2 Battery-electric Truck Deliveries
Type: News
Publication: RTTNews
Publication Author: RTTNews.com
Date: 2023-07-05 08:12:00
Article: (RTTNews) - Nikola Corp. (NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, announced Wednesday its quarterly deliveries for its battery-electric truck, with wholesale of 45 trucks and retail of 66 trucks in the quarter ended June 30, 2023. Nikola continues its refocused plan of concentration on the North American market, reducing costs and producing the highest-quality Class 8 zero-emission trucks available today.
Stock Price 4 days before: 1.38543
Stock Price 2 days before: 1.45
Stock Price 1 day before: 1.37161
Stock Price at release: 1.31917
Risk-Free Rate at release: 0.0528
| 3.45312 |
Symbol: DXPE
Security: DXP Enterprises, Inc.
Related Stocks/Topics: Stocks|UFPI|UNM|GPI|ENS
Title: 5 Value Stocks With Exciting EV-to-EBITDA Ratios to Own Now
Type: News
Publication: Zacks
Publication Author: Anindya Barman
Date: 2023-07-05 08:36:00
Article: Investors typically have a fixation on the price-to-earnings (P/E) strategy while seeking stocks trading at attractive prices. This straight forward, easy-to-calculate ratio is the most preferred among all the valuation metrics in the investment toolkit for working out the fair market value of a stock. But even this ubiquitously used valuation metric is not without its pitfalls.While P/E enjoys great popularity among value investors, a less-used and more-complicated metric called EV-to-EBITDA is sometimes viewed as a better alternative. EV-to-EBITDA gives the true picture of a company’s valuation and earnings potential. It has a more comprehensive approach to valuation. **UFP Industries, Inc.** [UFPI](https://www.nasdaq.com/market-activity/stocks/ufpi), **Unum Group** [UNM](https://www.nasdaq.com/market-activity/stocks/unm), **EnerSys** [ENS](https://www.nasdaq.com/market-activity/stocks/ens), **DXP Enterprises, Inc.** [DXPE](https://www.nasdaq.com/market-activity/stocks/dxpe) and **Group 1 Automotive, Inc.** [GPI](https://www.nasdaq.com/market-activity/stocks/gpi) are some stocks with attractive EV-to-EBITDA ratios. **EV-to-EBITDA is a Better Substitute, Here’s Why** EV-to-EBITDA is essentially the enterprise value (EV) of a stock divided by its earnings before interest, taxes, depreciation and amortization (EBITDA). EV is the sum of a company’s market capitalization, its debt and preferred stock minus cash and cash equivalents.The other component of the multiple, EBITDA, gives a better idea of a company’s profitability as it removes the impact of non-cash expenses like depreciation and amortization that reduce net earnings. It is also often used as a proxy for cash flows.Usually, the lower the EV-to-EBITDA ratio, the more appealing it is. A low EV-to-EBITDA ratio could indicate that a stock is potentially undervalued.EV-to-EBITDA takes into account the debt on a company’s balance sheet that the P/E ratio does not. Due to this reason, EV-to-EBITDA is generally used to value the potential acquisition targets as it shows the amount of debt the acquirer has to assume. Stocks boasting a low EV-to-EBITDA multiple could be seen as attractive takeover candidates.Another shortcoming of P/E is that it can’t be used to value a loss-making firm. A company’s earnings are also subject to accounting estimates and management manipulation. On the other hand, EV-to-EBITDA is difficult to manipulate and can also be used to value loss-making companies that are EBITDA positive.EV-to-EBITDA is also a useful yardstick in evaluating the value of firms that are highly leveraged and have a high degree of depreciation. Moreover, it can be used to compare companies with different levels of debt.But EV-to-EBITDA has its limitations too. The ratio varies across industries (a high-growth industry typically has a higher multiple and vice versa) and is usually not appropriate while comparing stocks in different industries, given their diverse capital requirements.Therefore, a strategy solely based on EV-to-EBITDA might not yield the desired results. But you can club it with the other major ratios in your stock-investing toolbox such as price-to-book (P/B), P/E and price-to-sales (P/S) to screen value stocks. **Screening Criteria** Here are the parameters to screen for value stocks:**EV-to-EBITDA 12 Months-Most Recent less than X-Industry Median:** A lower EV-to-EBITDA ratio represents a cheaper valuation. **P/E using (F1) less than X-Industry Median:**This metric screens stocks that are trading at a discount to their peers. **P/B less than X-Industry Median:** A lower P/B compared with the industry average implies that the stock is undervalued. **P/S less than X-Industry Median:**The lower the P/S ratio, the more attractive the stock is, as investors will have to pay a smaller price for the same amount of sales generated by the company. **Estimated One-Year EPS Growth F(1)/F(0) greater than or equal to X-Industry Median:** This parameter will help in screening stocks that have growth rates higher than the industry median. This is a meaningful indicator as decent earnings growth always adds to investor optimism. **Average 20-day Volume greater than or equal to 100,000:**The addition of this metric ensures that shares can be traded easily. **Current Price greater than or equal to $5:**This parameter will help in screening stocks that are trading at a minimum price of $5 or higher. **Zacks Rank less than or equal to 2:**No screening is complete without the Zacks Rank, which has proven its worth since inception. It is a fundamental truth that stocks with a Zacks Rank #1 (Strong Buy) or 2 (Buy) have always managed to beat adversities and outperform the market. ** [Value Score](https://www.zacks.com/style-scores-education/) of less than or equal to B:**Our research shows that stocks with a Value Score of A or B, when combined with a Zacks Rank #1 or 2, offer the best upside potential.Here are our five picks out of the 10 stocks that passed the screen:**UFP Industries** supplies wood, wood composite and other products in retail, industrial and construction markets. This Zacks Rank #1 stock has a Value Score of A.The Zacks Consensus Estimate for UFP Industries’ current-year earnings has been revised 4.4% upward over the past 60 days. UFPI beat the Zacks Consensus Estimate for earnings in each of the last four quarters at an average of 22.7%. **Unum Group** provides long-term care insurance, life insurance, employer- and employee-paid group benefits and related services. This Zacks Rank #1 stock has a Value Score of A. You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link_invideas&ICID=zpi_1link_invideas)**.Unum Group has an expected year-over-year earnings growth rate of 20.6% for the current year. The Zacks Consensus Estimate for UNM’s current-year earnings has been revised 5.9% upward over the last 60 days. **EnerSys** engages in manufacturing, marketing and distribution of various industrial batteries. This Zacks Rank #1 stock has a Value Score of B.EnerSys has an expected year-over-year earnings growth rate of 28.1% for the current fiscal year. The Zacks Consensus Estimate for ENS’s current-year earnings has been revised 11.6% upward over the last 60 days. **DXP Enterprises** provides innovative pumping solutions, supply-chain services as well as maintenance, repair, operating and production services. This Zacks Rank #1 stock has a Value Score of B.DXP Enterprises has an expected year-over-year earnings growth rate of 44.2% for the current year. The consensus estimate for DXPE’s current-year earnings has been revised 52.2% upward over the last 60 days. **Group 1 Automotive** is one of the leading automotive retailers in the world. GPI, a Zacks Rank #2 stock, has a Value Score of A.The consensus estimate for Group 1 Automotive’s current-year earnings has been revised 4% upward over the past 60 days. GPI’s earnings beat the Zacks Consensus Estimate in each of the last four quarters. It has a trailing four-quarter earnings surprise of roughly 9.7%, on average.You can get the rest of the 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 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](https://woas.zacks.com/zcom/researchwizard/tools3.php?site=ZCOM_RW_IND_ARTICLES)**.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](https://www.zacks.com/performance)**. **Zacks Reveals ChatGPT "Sleeper" Stock** One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more. [Download Free ChatGPT Stock Report Right Now >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1475&adid=SYND_NASDAQ_ZU_AICHATGPTREPORTA_ANALYSTBLOG_259_IND_07052023&cid=CS-NASDAQ-FT-analyst_blog|rw-2116802)[Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=SYND_NASDAQ_7BEST_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-2116802) [UFP Industries, Inc. (UFPI) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UFPI&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-2116802)[Unum Group (UNM) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNM&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-2116802)[Group 1 Automotive, Inc. (GPI) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=GPI&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-2116802)[DXP Enterprises, Inc. (DXPE) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=DXPE&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-2116802)[Enersys (ENS) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=ENS&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-2116802)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2116802/5-value-stocks-with-exciting-ev-to-ebitda-ratios-to-own-now?cid=CS-NASDAQ-FT-analyst_blog|rw-2116802)[Zacks Investment Research](https://www.zacks.com/)
Stock Price 4 days before: 36.393
Stock Price 2 days before: 36.3825
Stock Price 1 day before: 37.0676
Stock Price at release: 37.3078
Risk-Free Rate at release: 0.0528
| 37.2752 |
Symbol: WOLF
Security: Wolfspeed, Inc.
Related Stocks/Topics: Unknown
Title: These 2 Stocks Are Defying a Post-July 4 Down Market
Type: News
Publication: The Motley Fool
Publication Author: Dan Caplinger
Date: 2023-07-05 08:41:00
Article: Despite being open for a half-day session on Monday, stock markets are only now getting their first full trading day of the second half of 2023. Investors who have celebrated strong gains during the first six months of the year now have to figure out whether they think that the remainder of 2023 will keep going well. At least on Wednesday morning, market participants seemed unsure of that eventuality, and stock index futures were down as much as half a percent in premarket trading.Summer vacations seemed to be prevalent among professionals working on Wall Street, but there were still a few stocks that garnered some attention early Wednesday. Both **Wolfspeed** [(NYSE: WOLF)](https://www.nasdaq.com/market-activity/stocks/wolf) and **MP Materials** [(NYSE: MP)](https://www.nasdaq.com/market-activity/stocks/mp) made big gains as they sought to take advantage of volatile conditions in their respective markets. Read on to find out more about these two companies and their future prospects. **Wolfspeed scores a big supply agreement** Shares of Wolfspeed jumped 16% in premarket trading Wednesday morning. The semiconductor materials manufacturer announced a key supply agreement that could strengthen its business for years to come.Wolfspeed and Japan's Renesas Electronics entered into a 10-year supply contract for silicon carbide wafers. Renesas is seeking to nail down ample supplies of the key material for its production of silicon carbide power semiconductors within the next two years, and the deal with Wolfspeed will give both companies time to ramp up their respective production processes in order to get ready. Under the terms of the agreement, Wolfspeed will get a $2 billion deposit to secure the commitment from Renesas.Power semiconductor technology is going through a transformation right now, as increased demand from applications like [electric vehicles (EVs)](https://www.fool.com/investing/stock-market/market-sectors/consumer-discretionary/automotive-stocks/electric-car-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=f4f44283-0423-4135-bb29-510db2453f2e) and renewable energy are requiring innovative new ways to boost efficiency and handle higher power needs. [Wolfspeed has argued that silicon carbide](https://www.fool.com/investing/2023/06/28/is-wolfspeed-stock-a-buy-now/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=f4f44283-0423-4135-bb29-510db2453f2e) is a superior material to conventional semiconductor materials, particularly in areas like EV charging infrastructure, industrial power supplies, and variable speed drive technology.The deposit money will help Wolfspeed move forward with construction projects such as its new materials factory in North Carolina, which will produce larger wafers that in turn should cut costs and boost production capacity. Given the speed at which technology is evolving, Renesas seems to be making a smart move working closely with Wolfspeed to prepare for the future. **MP rises amid rare earth metals trade controversies** Elsewhere, shares of MP Materials were 9% higher in premarket trading. The producer of rare earth metals has found itself at the center of controversy on trade issues between the U.S. and China, and shareholders see opportunities for price increases and potential profit boosts as a result. Chinese government officials announced late Monday before the Independence Day holiday that they would restrict exports of gallium and germanium, two metals that have seen increasing demand as a result of strengthening output of electric vehicles and semiconductor chips. The move came after U.S. officials in Washington amped up their arguments against providing China with access to key technological advances, and many saw it as a potential precursor to more extensive curbs on Chinese exports of rare earth metals needed in a variety of applications.[MP is the largest producer](https://www.fool.com/investing/2023/05/09/this-rare-earths-stock-crushed-its-earnings-report/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=f4f44283-0423-4135-bb29-510db2453f2e) of rare earth materials in the Western Hemisphere, with its Mountain Pass facility producing a rare earth concentrate rich in vital metals. Currently, MP ships most of that concentrate to China for processing and refining, but it's looking to produce and sell its own separated rare earth materials in the near future. Those would include neodymium-praseodymium oxide, which it eventually hopes to use to build its own neodymium-iron-boron magnets.Many officials believe it's imperative for the U.S. to secure its own supplies of rare earth materials, and that's been a key part of MP's business model. MP's stock has risen and fallen with rare earth markets and the tension levels on the trade front, and it looks like investors are preparing for another potential upward cycle for the shares. **10 stocks we like better than Wolfspeed** When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=ea091d8f-c35b-48f0-954e-3537dd645fd6&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DWolfspeed&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=f4f44283-0423-4135-bb29-510db2453f2e) for investors to buy right now... and Wolfspeed wasn't one of them! That's right -- they think these 10 stocks are even better buys. [See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=ea091d8f-c35b-48f0-954e-3537dd645fd6&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DWolfspeed&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=f4f44283-0423-4135-bb29-510db2453f2e)*Stock Advisor returns as of July 3, 2023 [Dan Caplinger](https://www.fool.com/author/1494/) has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Wolfspeed. The Motley Fool recommends MP Materials. The Motley Fool has a [disclosure policy](https://www.fool.com/legal/fool-disclosure-policy/).
Stock Price 4 days before: 55.704
Stock Price 2 days before: 55.7398
Stock Price 1 day before: 56.772
Stock Price at release: 66.2566
Risk-Free Rate at release: 0.0528
| 58.8088 |
Symbol: AKRO
Security: Akero Therapeutics, Inc.
Related Stocks/Topics: Stocks|VRTX|ADMA|CRSP
Title: CRISPR (CRSP) Shares Rise 24% in the Last Quarter: Here's Why
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2023-07-05 08:41:00
Article: In the last quarter, shares of **CRISPR Therapeutics** [CRSP](https://www.nasdaq.com/market-activity/stocks/crsp) have gained 24.1% against the [industry](https://www.zacks.com/stocks/industry-rank/industry/medical-biomedical-and-genetics-105)’s 3.4% fall.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/66/46255.jpg?v=462675135) Image Source: Zacks Investment Research The steep rise in the stock price can be associated with the completion of the biologics license applications (BLAs) to the FDA for exagamglogene autotemcel (exa-cel) and its subsequent acceptance to treat sickle cell disease (SCD) and transfusion-dependent beta-thalassemia (TDT) by CRISPR and partner, **Vertex Pharmaceuticals** [VRTX](https://www.nasdaq.com/market-activity/stocks/vrtx).The companies started the BLA submission in November 2022 and announced completing the same in April 2023. Notably, if exa-cel is approved in Europe or the United States, it will trigger a $200 million milestone payment which we expect the company to receive in the fourth quarter of 2023.CRISPR is rapidly leveraging its CRISPR/Cas9 gene-editing platform to make therapies for the treatment of hemoglobinopathies, cancer, diabetes and other diseases. Currently, it has no marketed drug in its portfolio. Its lead pipeline candidate is exa-cel.Exa-cel is an investigational, autologous, ex vivo CRISPR/Cas9 gene-edited therapy, developed to treat SCD or TDT. The completion of the BLA filing for exa-cel is a milestone as it is the first regulatory filing for a CRISPR-based treatment within a decade of the CRISPR platform’s discovery.In June 2023, CRSP and VRTX announced that the FDA has accepted its BLAs for exa-cel to treat SCD and TDT. Furthermore, The FDA granted priority review to the BLA filing for exa-cel in SCD indication, while the exa-cel filing in TDT indication has been accepted for a standard review by the agency. Final decisions on the BLAs for exa-cel in SCD and TDT indications are expected by Dec 8, 2023 and Mar 30, 2024, respectively. Unlike standard reviews that require a time of 12 months for completion, priority reviews shorten the FDA's review timeline to eight months.The BLA submission is supported by data from the ongoing phase III studies, CLIMB-111 and CLIMB-121, and an ongoing long-term follow-up study, CLIMB-131.Both SCD and TDT have significant unmet medical needs and if successfully developed and commercialized, exa-cel can provide a huge boost to CRISPR Therapeutics’ prospects. The company, along with Vertex, has also initiated two new phase III studies evaluating exa-cel in pediatric patients with TDT and SCD.Vertex and CRISPR also filed similar submissions on exa-cel in Europe and the U.K. in December 2022 that were validated by the respective regulatory authorities in January 2023.Apart from exa-cel, ViaCyte (now acquired by Vertex) and CRISPR are developing stem-cell therapies for diabetes. VRTX is currently enrolling study participants in a phase I/II study evaluating VCTX211, a stem-derived candidate for type I diabetes indication. This March, Vertex signed another agreement with CRSP to accelerate the development of the former’s hypoimmune cell therapies for type I diabetes. Besides its collaboration with Vertex, the company is also developing two gene-edited allogeneic CAR-T cell therapy candidates, CTX110 and CTX130, targeting hematological and solid tumor cancers in separate early-to-mid-stage studies. In May 2023, CRISPR announced that it has started separate phase I/II studies on new CAR-T candidates, which are CTX112 (targeting CD19-positive B-cell malignancies) and CTX131 (targeting relapsed or refractory solid tumors). **CRISPR Therapeutics AG Price and Consensus** [](https://www.zacks.com/stock/chart/CRSP/price-consensus-chart?icid=chart-CRSP-price-consensus-chart)[CRISPR Therapeutics AG price-consensus-chart](https://www.zacks.com/stock/chart/CRSP/price-consensus-chart?icid=chart-CRSP-price-consensus-chart) | [CRISPR Therapeutics AG Quote](https://www.nasdaq.com/market-activity/stocks/crsp)**Zacks Rank and Stocks to Consider** CRISPR currently has a Zacks Rank #3 (Hold).Some better-ranked stocks in the biotech sector are **ADMA Biologics, Inc.** [ADMA](https://www.nasdaq.com/market-activity/stocks/adma) and **Akero Therapeutics** [AKRO](https://www.nasdaq.com/market-activity/stocks/akro), each carrying a Zacks Rank #2 (Buy) at present. You can see [the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).In the past 90 days, the Zacks Consensus Estimate for ADMA Biologics’ 2023 loss per share has narrowed from 14 cents to 9 cents. The consensus estimate for 2024 earnings is currently pegged at 7 cents per share. In the last quarter, shares of ADMA have gained 11.5%. ADMA beat estimates in each of the trailing four quarters, delivering an average earnings surprise of 19.13%.In the past 90 days, the Zacks Consensus Estimate for Akero Therapeutics’ 2023 loss per share has narrowed from $2.92 to $2.80. During the same period, the estimate for Akero Therapeutics’ 2024 loss per share has narrowed from $3.31 to $3.27. In the last quarter, shares of AKRO have gained 22%.AKRO beat estimates in three of the trailing four quarters, missing the mark on one occasion, delivering an average earnings surprise of 7.96%. **Zacks Reveals ChatGPT "Sleeper" Stock** One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more. [Download Free ChatGPT Stock Report Right Now >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1475&adid=SYND_NASDAQ_ZU_AICHATGPTREPORTA_ANALYSTBLOG_284_07052023&cid=CS-NASDAQ-FT-analyst_blog|price_surge_plunge-2116809)[Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=SYND_NASDAQ_7BEST_ANALYSTBLOG_284&cid=CS-NASDAQ-FT-analyst_blog|price_surge_/_plunge-2116809)[Vertex Pharmaceuticals Incorporated (VRTX) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=VRTX&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_284&cid=CS-NASDAQ-FT-analyst_blog|price_surge_/_plunge-2116809)[ADMA Biologics Inc (ADMA) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ADMA&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_284&cid=CS-NASDAQ-FT-analyst_blog|price_surge_/_plunge-2116809)[CRISPR Therapeutics AG (CRSP) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CRSP&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_284&cid=CS-NASDAQ-FT-analyst_blog|price_surge_/_plunge-2116809)[Akero Therapeutics, Inc. (AKRO) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=AKRO&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_284&cid=CS-NASDAQ-FT-analyst_blog|price_surge_/_plunge-2116809)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2116809/crispr-crsp-shares-rise-24-in-the-last-quarter-here-s-why?cid=CS-NASDAQ-FT-analyst_blog|price_surge_/_plunge-2116809)[Zacks Investment Research](https://www.zacks.com/)
Stock Price 4 days before: 46.5121
Stock Price 2 days before: 46.1656
Stock Price 1 day before: 44.512
Stock Price at release: 44.6874
Risk-Free Rate at release: 0.0528
| 43.9747 |
Symbol: RES
Security: RPC, Inc.
Related Stocks/Topics: Stocks|RIG|FTI|LNG|VTNR
Title: Oil & Gas Stock Roundup: Cheniere's Export Deal, Transocean's Contract & More
Type: News
Publication: Zacks
Publication Author: Nilanjan Choudhury
Date: 2023-07-05 08:51:00
Article: It was a week when oil prices moved up while natural gas futures marked a loss.On the news front, the headline came from liquefied natural gas supplier **Cheniere Energy**’s [LNG](https://www.nasdaq.com/market-activity/stocks/lng) long-term agreement with a China-based customer and drilling major **Transocean**’s [RIG](https://www.nasdaq.com/market-activity/stocks/rig) $184 million award for one of its vessels. Developments associated with **RPC Inc.** [RES](https://www.nasdaq.com/market-activity/stocks/res), **TechnipFMC** [FTI](https://www.nasdaq.com/market-activity/stocks/fti) and **Vertex Energy** [VTNR](https://www.nasdaq.com/market-activity/stocks/vtnr) also made it to the headlines.Overall, it was a mixed seven-day period for the sector. West Texas Intermediate (WTI) crude futures increased 2.1% to close at $70.64 per barrel but natural gas prices dropped 1.6% to end at $2.80 per million British thermal units (MMBtu).In particular, the crude price action flipped to the positive once again, with government data revealing a large dent in supplies.Meanwhile, natural gas found itself on the opposite side of expectations for comfortable temperatures and, therefore, lighter heating or cooling demand. **Recap of the Week’s Most Important Stories**1. Natural gas exporter **Cheniere Energy** entered into a long-term supply agreement with ENN Natural Gas Co., Ltd., a China-based energy company. The 20-year agreement facilitates long-term collaboration between the two companies.Per the terms of the contract, Cheniere Marketing, a subsidiary of Cheniere, will provide ENN LNG (Singapore) Pte. Ltd. — a wholly-owned subsidiary of ENN Natural Gas — with 1.8 million tons of liquefied natural gas annually on a free-on-board basis. The purchase price will be indexed to the Henry Hub price, a widely recognized benchmark for natural gas prices in the United States.Cheniere Marketing is set to begin deliveries in mid-2026 and increase its supply to 0.9 million tons per annum (mtpa) in 2027. Delivery of the remaining 0.9 mtpa is subject to the completion of the first train of the Sabine Pass Liquefaction Expansion Project and begin upon the commencement of commercial operations of Train Seven. ([Cheniere Inks LNG Supply Deal With China's ENN Natural Gas](https://www.zacks.com/stock/news/2114247/cheniere-lng-inks-lng-supply-deal-with-chinas-enn-natural-gas)))2. **Transocean** recently announced a 16-well binding award for its Transocean Equinox rig in Australia, adding approximately $184 million to firm backlog. This contract, excluding mobilization and demobilization costs, is set to span 380 days. Furthermore, the award comes with additional options that could extend the harsh environment semisubmersibles rig's operations in Australia until 2028.For investors, the growth in backlog is of utmost importance as it directly influences Transocean's sales, earnings and cash flows. As the Zacks Rank #3 (Hold) offshore driller secures new contracts, its financial outlook is strong, creating a positive trajectory for the company and its stakeholders.You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link)**.The awarded project is expected to commence in the first quarter of 2025, following the rig's previously announced commitment of five wells over 300 days with a major operator in Australia, set to begin in the first quarter of 2024. These continued commitments reflect the confidence placed in Transocean's capabilities and the demand for its services in the region. ([Transocean Announces $184 Million Addition to Backlog](https://www.zacks.com/stock/news/2114790/transocean-rig-announces-184-million-addition-to-backlog?art_rec=quote-stock_overview-zacks_news-ID03-txt-2114790)))3. Oilfield services provider **RPC** announced that it acquired Spinnaker Oilwell Services, LLC, expanding its oilfield cementing service business. Per the deal, RPC paid $79.5 million for Spinnaker’s equity. The purchasing price comprised $77 million in cash, the assumption of $500,000 of capital lease liabilities and a $2-million payoff. The acquisition will be in effect from Jul 1, 2023.Based in Oklahoma City, OK, Spinnaker is a leading oilfield cementing service provider in the Permian and Mid-Continent basins. Spinnaker, which mainly specializes in cementing operations in wells of all types, provides services to all major oil plays around Oklahoma, Kansas, Arkansas, Texas and New Mexico.Spinnaker operates two facilities, which are situated in El Reno, OK and Hobbs, NM. Spinnaker maintains 18 full-service cementing spreads across the Permian Basin and the Midcontinent. ([RPC Acquires Oilfield Service Player Spinnaker for $79.5M](https://www.zacks.com/stock/news/2116116/rpc-res-acquires-oilfield-service-player-spinnaker-for-795m?art_rec=quote-stock_overview-zacks_news-ID01-txt-2116116)))4. **TechnipFMC**, a leading global oil and gas service provider, secured a significant integrated Engineering, Procurement, Construction and Installation (iEPCI) contract from OMV (Norge) AS for its Berling gas development project in Norway. This project marks OMV's first iEPCI endeavor as an operator in the region.The Berling gas development project, operated by OMV, is a notable venture on the Norwegian Continental Shelf. TechnipFMC has been entrusted with the responsibility of designing and installing the subsea production systems, controls, pipelines and umbilicals for this development. This comprehensive scope of work underscores the company's expertise in providing end-to-end solutions for complex offshore projects.OMV’s award of the iEPCI contract to TechnipFMC follows a six-month integrated Front End Engineering and Design (iFEED) study. This study optimized the field layout and enhanced the project's cost efficiency by confirming the suitability of thermally insulated pipe-in-pipe technology for the tieback's flowline. Through iFEED, TechnipFMC demonstrated that iEPCI provides an effective solution to expedite project delivery. ([TechnipFMC Clinches iEPCI Contract From OMV (Norge) AS](https://www.zacks.com/stock/news/2115985/technipfmc-fti-clinches-iepci-contract-from-omv-norge-as?art_rec=quote-stock_overview-zacks_news-ID01-txt-2115985)))5. **Vertex Energy**, a prominent producer and marketer of refined products, has achieved a significant milestone with respect to its renewable diesel project. The company recently announced the completion of its initial commercial sales transactions of renewable diesel from its state-of-the-art production facility at the Mobile Refinery in Alabama. In the first series, VTNR successfully sold approximately 110,000 barrels of renewable diesel to Idemitsu Apollo Renewable Corporation, a subsidiary of Idemitsu Kosan.The company's commitment to renewable fuels and its strategic focus on reducing carbon emissions highlight its position as a leader in transitioning from fossil fuels to sustainable energy sources.As part of its decarbonization efforts and commitment to energy security, Vertex Energy has embraced renewable sources in addition to conventional fuels. As part of that endeavor, the company acquired a refinery in Mobile, AL in 2022 and initiated a renewable diesel conversion project. As such, the sales of renewable diesel align with Vertex Energy's commitment to renewable energy and mark a significant step toward its long-term growth strategy. This will also enable it to capture the projected growth in demand for low-carbon and sustainable alternatives. ([Vertex Reports First Renewable Diesel Transaction](https://www.zacks.com/stock/news/2107479/apas-unit-ceases-drilling-cuts-jobs-in-uk-due-to-high-taxes?art_rec=quote-stock_overview-zacks_news-ID02-txt-2107479))) **Price Performance** The following table shows the price movement of some major oil and gas players over the past week and during the last six months. **Company Last Week Last 6 Months** XOM +4.7% +0.7%CVX +4% -9.6%COP +3.8% -8.4%OXY +4.9% -3.7%SLB +5.4% -4.6%RIG +17% +62.3%VLO +5.4% -1.8%MPC +4.4% +5.4%With oil moving up for the week, stocks were mostly positive. The Energy Select Sector SPDR — a popular way to track energy companies — rose 4.9% last week. Over the past six months, the sector tracker has decreased 3.6%. **What’s Next in the Energy World?**As usual, market participants will closely track the regular releases to look for guidance on the direction of the commodities. In this context, the U.S. Government’s statistics on oil and natural gas — one of the few solid indicators that come out regularly — will be on energy traders' radar. Data on rig count from the oilfield service firm Baker Hughes, which is a pointer to the trends in U.S. crude/natural gas production, is closely followed too. **Zacks Reveals ChatGPT "Sleeper" Stock** One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more. [Download Free ChatGPT Stock Report Right Now >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1475&adid=SYND_NASDAQ_ZU_AICHATGPTREPORTA_ANALYSTBLOG_213_IND_07052023&cid=CS-NASDAQ-FT-analyst_blog|stock_roundup-2116824)[Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=SYND_NASDAQ_7BEST_ANALYSTBLOG_213&cid=CS-NASDAQ-FT-analyst_blog|stock_roundup-2116824)[Transocean Ltd. (RIG) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=RIG&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_213&cid=CS-NASDAQ-FT-analyst_blog|stock_roundup-2116824)[TechnipFMC plc (FTI) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=FTI&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_213&cid=CS-NASDAQ-FT-analyst_blog|stock_roundup-2116824)[Cheniere Energy, Inc. (LNG) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=LNG&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_213&cid=CS-NASDAQ-FT-analyst_blog|stock_roundup-2116824)[RPC, Inc. (RES) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=RES&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_213&cid=CS-NASDAQ-FT-analyst_blog|stock_roundup-2116824)[Vertex Energy, Inc (VTNR) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=VTNR&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_213&cid=CS-NASDAQ-FT-analyst_blog|stock_roundup-2116824)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2116824/oil-gas-stock-roundup-cheniere-s-export-deal-transocean-s-contract-more?cid=CS-NASDAQ-FT-analyst_blog|stock_roundup-2116824)[Zacks Investment Research](https://www.zacks.com/)
Stock Price 4 days before: 7.14531
Stock Price 2 days before: 7.19178
Stock Price 1 day before: 7.16929
Stock Price at release: 7.20887
Risk-Free Rate at release: 0.0528
| 8.3405 |
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