The crisis triggered by the coronavirus pandemic has been taking its toll on the global economy. While most sectors were hit hard by the economic turmoil, the MedTech sector was resilient enough to rebound from the chaos quite swiftly.
Investors are always looking for stocks that are poised to beat at earnings season and Associated Banc-Corp ASB may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.
In recent trading, shares of GDS Holdings Ltd (Symbol: GDS) have crossed above the average analyst 12-month target price of $106.17, changing hands for $106.20/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on va
In recent trading, shares of Garmin Ltd (Symbol: GRMN) have crossed above the average analyst 12-month target price of $121.67, changing hands for $122.69/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuati
Investors are always looking for stocks that are poised to beat at earnings season and Webster Financial Corporation WBS may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Webster is seeing
In recent trading, shares of Relay Therapeutics Inc (Symbol: RLAY) have crossed above the average analyst 12-month target price of $51.75, changing hands for $53.95/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade
U.S. corporate results and profit outlooks are becoming increasingly important in sustaining investor optimism in a stock market rally that has driven valuations close to a 20-year high.
Joe Biden's first year in office could go down in history as a record-breaker on the job-creation front, with an explosion in hiring expected as the coronavirus vaccine rollout allows Americans to emerge from a year in hiding.
The historically eye-popping equity valuations emerging from the pandemic clearly unnerve company analysts - but the macro market take on pricey stock movements appears far more zen.
Johnson & Johnson (NYSE:JNJ) is developing one of the most closely watched Covid-19 vaccines, considering that it is a single-dose shot that should be relatively easy to distribute. Here’s a quick rundown on the recent developments for the vaccine. Based on data from
Our theme of Out Of Favor Health Care Stocks includes health care stocks that have witnessed strong Revenue growth and improving fundamentals over the last few years but have underperformed in 2020, on account of clinical setbacks or due to Covid-19 related disruptions of th
Both home improvement retailers in the U.S, Lowe’s (NYSE: LOW) and Home Depot (NYSE: HD), are riding high on the Covid-19 wave as customers spent more of their disposable cash on home improvement projects rather than on vacations or dining out. But is Lowe’s s
Solar stocks have done very well over the last year or so driven by low-interest rates, strong regulatory support, and the recent elections in the U.S. which saw the Democratic party – which is seen as pro-renewable energy – regaining a government trifecta. The best
Skyworks (NASDAQ:SWKS), a company that sells analog semiconductors and radio frequency (RF) products saw its stock price rise by about 30% over the last 12 months. The stock is also up almost 130% since the end of 2018. The recent rally is driven by the ongoing transition to 5G
Up 2x since the March lows of this year, at the current price of around $38 per share, we believe Avnet Inc. stock (NASDAQ: AVT), a distributor of electronic components, has room for further upside. Avnet stock has jumped from $20 to $38 off its recent bottom, slightly more tha
While L Brands (NYSE:LB) stock, a women’s intimate apparel, personal care, and beauty products retailer, has rallied by a solid 18% over the last 10 trading days – driven by its better-than-expected Q3 momentum – but has declined by around 3% over the last 5 t
An unprecedented rally in "green" hydrogen stocks looks set to extend as investors flock to companies which promise to produce the gas without using fossil fuels, expecting the technology to scale up over the next 10 years to justify rocketing valuations.
Netflix reported stronger-than-expected 4Q sales, driven by strong growth in its paid subscribers base. Shares of the video streaming giant soared 12.3% in Tuesday's extended market trading session.
Netflix's (NFLX) 4Q revenue of $6.64 billion exceeded analysts’ expectations of $6.62 billion and jumped 21.5% year-over-year. The company added 8.5 million new paid subscribers during the quarter which surpassed its projection by 2.5 million. The company ended 2020 with over 203.66 million paid subscribers.
Meanwhile, Netflix’s 4Q earnings per share of $1.19 missed the Street consensus of $1.38 and dropped 8.5% year-over-year. (See NFLX stock analysis on TipRanks)
For 1Q, Netflix expects to add 6 million new paid subscribers to its platform. Moreover, the company is now targeting an operating margin of 20% in 2021, which is 1% higher than its previous forecast of 19%.
Following the earnings release, Oppenheimer analyst Jason Helfstein raised the stock’s price target to $620 (23.6% upside potential) from $550 and reiterated a Buy rating. In a note to investors, Helfstein wrote, “the company is on a clear trajectory toward improving margins, albeit FY21 guidance is likely conservative on FX (foreign exchange), FY of COVID safety costs, resumption of hiring and timing of content releases.”
Overall, the rest of the Street is cautiously optimistic on the stock. The Moderate Buy analyst consensus shows 18 Buys, 7 Holds, and 3 Sells. The average price target of $594.50 implies upside potential of about 18.5% to current levels. Shares have gained about 47.7% over the past year.
Meanwhile, TipRanks’ Hedge Fund Trading Activity tool shows that confidence in Netflix is currently very negative as 21 hedge funds decreased their cumulative holdings in NFLX by 681.5K shares in the last quarter.
Discover Financial Services announced a new stock repurchase program of up to $1.1 billion. The financial services company had suspended its buyback program since March 2020 amid the coronavirus pandemic.
The reinstatement of the repurchase plan came ahead of the company's 4Q quarterly results, which are scheduled to be released on Jan. 20 after the market bell.
Discover Financial Services (DFS) said that the new share buyback program is valid until Dec. 31, 2021. However, it can be terminated at any time.
In addition to the repurchase program, the company’s board announced a quarterly cash dividend of $0.44 per share, which will be paid on March 4 to stockholders of record as of Feb. 18. (See DFS stock analysis on TipRanks)
Its quarterly dividend of $0.44 a share translates into an annual dividend of $1.76 per share, implying a dividend yield of about 1.8%.
On Jan. 19, J.P. Morgan analyst Richard Shane raised the stock’s price target to $114 (15.1% upside potential) from $72 and maintained a Buy rating. In a note to investors, Shane said that he is “increasingly constructive” on consumer finance this year and expects multiple expansion for the group in 2021.
Furthermore, Shane remains optimistic about the group's earnings prospects and expects the company to return a significant amount of capital to its shareholders.
From the rest of the Street, the stock scores a cautiously optimistic outlook with the analyst consensus of a Moderate Buy based on 6 Buys and 9 Holds. The average analyst price target of $93.29 implies downside potential of about 5.8% to current levels. Shares have gained about 21.1% in one year.
Meanwhile, TipRanks’ stock sentiment tool shows that investors currently have a Negative stance on DFS.