The price-to-earnings (P/E) ratio is widely considered by investors as the yardstick for evaluating the fair market value of a stock. It is preferred by many investors to handpick stocks trading at attractive prices. However, even this universally used valuation multiple is not
U.S. chemical production ticked up in August on gains in output across most chemical producing regions, according to the latest monthly report from the American Chemistry Council (“ACC”).The Washington, DC-based chemical industry trade group said that the U.S. Chemical Produ
The Reserve Bank of India will keep rates on hold until early next year in a delicate balancing act between curbing high inflation and lifting the economy from its worst recession on record, a Reuters poll of economists showed.
Keysight Technologies (KEYS) is an $18 billion provider of electronic design, measurement and test instrumentation systems. Keysight emerged as a public company from the 2014 move by Agilent Technologies to split apart divisions.KEYS provides specialized electronics solutions to
Frontline Ltd. FRO has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock. And for technical investors there is some hope when looking at FRO given that, according to its RSI reading of 29.07, it is now in oversold
PotlatchDeltic Corporation PCH has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock. And for technical investors there is some hope when looking at PCH given that, according to its RSI reading of 28.53, it is now
TriNet Group, Inc. TNET has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock. And for technical investors there is some hope when looking at TNET given that, according to its RSI reading of 29.66, it is now in ove
Cambridge Bancorp CATC has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock. And for technical investors there is some hope when looking at CATC given that, according to its RSI reading of 28.29, it is now in over
Stretched valuations and the resulting pullback in equities have prompted more interest in long/short fund strategies that can provide some protection against market declines and wild swings, hedge fund and asset managers say.
We believe there may be better places for your money than Johnson Controls stock (NYSE:JCI) at the present time. JCI trades at $41 currently and it has gained 3% in value so far this year. It traded at a pre-Covid high of $41 in February, and it is at the same level now. Also,
MicroStrategy Stock (NASDAQ: MSTR) stock has moved -11.8% in a week (5 trading days). Using this trend and 20 years of historical stock data, the Trefis AI engine finds that the stock will likely move 0.2% over the next one month (21 trading days). So how resilient is the sto
After an 80% rise since the March lows of this year, at the current price of around $270 per share, we believe Home Depot’s stock (NYSE: HD) has reached its near term potential. The home improvement retailer has seen its stock outperform through the coronavirus crisis, risin
We believe there may be better opportunities than Freeport-McMoRan’s stock (NYSE: FCX) at the present time. FCX trades at $16 currently and it has gained more than 20% in value so far this year. It traded at a pre-Covid high of $13 in February, and it is above that level now
Airlines are dropping again? Delta Air Lines (NYSE:DAL) fell nearly -12.6% in the last 5 trading days, which is significantly more than the broad market decline of -2.8% (S&P 500). What’s going wrong? The government aid to protect airline workers is set to expire at the
We believe Boston Scientific stock (NYSE:BSX) could see an upside of over 10% in the near term. BSX stock trades at $39 currently and it has lost 15% of its value so far this year. It traded at a pre-Covid high of $43 in February, and it is still 11% below that level now. Also
Following a 170% rise since the March 23 lows of this year, at the current price of around $17 per share we believe Gap stock (NYSE: GPS) has reached its near term potential. Gap’s stock has rallied from $6 to $17 off the recent bottom compared to the S&P which moved 48%
After a 76% rally since March 23, PTC Inc. stock (NASDAQ: PTC) looks fully valued based on its historic Price to Sales (P/S) multiples. PTC Inc., a U.S based software and services company, has seen its stock rally from $49 to $86 off the recent bottom compared to the S&P w
With the resurgence of Covid-19 infections in Europe and the U.S. government’s aid to Airlines about to expire, investors are pessimistic about Airlines stocks. This is why American Airlines’ (NASDAQ:AAL) has dropped nearly -10.6% in the last 5 trading days. So what does i
The stock of cruise operator Norwegian Cruise Line Holdings (NYSE:NCLH) has fallen nearly -12.4% in the last 5 trading days, which is a much sharper decline compared to the S&P 500 which moved down -2.8%. What is driving down the stock? The simple answer is – it may take