Nasdaq Stocks

Fintel reports that on May 3, 2024, Wells Fargo initiated coverage of Kiniksa Pharmaceuticals (NasdaqGS:KNSA) with a Overweight recommendation.

Lean hogs slipped lower as we closed out the week with losses of 15 to 97 cents across most contracts. June was down $3.52 since last Friday. USDA’s National Average Base Hog negotiated price was down $2.40 from the day prior in the Friday afternoon report at $89.38. The CME...

Wheat bulls were feeling better heading into the weekend, as Friday posted a round of strength. Chicago contracts were up 11 to 19 ¼ cents across the board, with May getting thin and July up just a tick on the week. Kansas City futures were 6 ½ to 14 cents...

Live cattle ended the day with Juny down 12 cents and other contracts spreading higher, up 27 to 67 cents. June was down a total of $1.90 on the week. Cash trade has been slow to develop this week with sales of $184 in the South and a few trades...

Corn held up despite the bears putting up a fight after the overnight strength. Futures closed with contracts up ½ to 3 ¼ cents, as in delivery May was down a nickel. July futures ended the week with a 10 ¼ cent climb, as December was 9 ¼ cents higher....

Soybeans powered into the close as contracts were within a few cents of the daily high at the final bell. Futures were up anywhere from 7 to 16 cents at the close. The weekly gains totaled 37 ¾ cents for July and 26 ¼ cents for new crop November. Soymeal...

Cotton futures closed out the week on a better note for the bull as contracts were up 53 to 244 points. July was down 284 points this week, with December 134 points lower. A weaker US dollar helped to close out the day with losses of 218 points. Commitment of...

Helen of Troy Limited ( NASDAQ:HELE ) may be named after a beautiful Greek mythology figure, but its recent stock performance has been anything but beautiful. On April 24, shares of the consumer products maker fell to a 12-month low of $87.50 after the company’s Fiscal Q4-2024 earnings release. Wall Street analysts were quick to predict that the mid-cap will rebound by over 40%. Headquartered in El Paso, Texas, Helen of Troy owns a diversified portfolio of popular consumer brands in the beauty, wellness, home, and outdoor categories. The company’s products are sold globally through supermarkets, drugstores, home improvement retailers, and other channels. Braun, PUR, and Vicks are among its most recognized brands. Last month’s sell-off was somewhat surprising because it came after Helen of Troy announced better-than-expected financials for the three months ended February 29, 2024. Revenue of $489.2 million was flat compared to the prior year period but ahead of the $476.9 million consensus estimate. Growth in the Home & Outdoor business was offset by a sales decline in the Beauty & Wellness segment. Helen of Troy also outperformed profit expectations. Fiscal fourth-quarter earnings per share (EPS) rose 22% to $2.45, the best growth in more than two years. Despite the strong finish to Fiscal 2024, the market reacted negatively because of concerns about further Beauty & Wellness weakness in Fiscal 2025. While I can understand the rationale for selling a stock whose larger business is struggling, I am bullish on Helen of Troy. Falling sales of hair and personal care items, as well as fans, heaters, and air purifiers, reflect challenges faced by the broader beauty and wellness market more so than the company itself. As the economic pressures impacting consumer spending — inflation and high interest rates — improve, Helen of Troy’s brand strength is likely to restore the Beauty & Wellness unit to growth. Wall Street’s mostly bullish response to Helen of Troy’s fourth-quarter update suggests that the post-earnings sell-off was overdone. Let’s see what analysts are saying. HELE stock is down 21.4% year-to-date. Helen of Troy Stock Looks Undervalued Five-star Canaccord Genuity ( OTC:CCORF ) analyst Susan Anderson reiterated a Buy rating on Helen of Troy after the stock dipped to a new 52-week low. T he analyst gave HELE a $137.00 price target that implies 1) a run back toward the 52-week high of $143.68 and 2) more than 40% upside from current levels. Anderson’s opinion is one worth noting because she ranks within the top 5% of Wall Street research analysts. Investment firm D.A. Davidson also expressed bullish sentiment on Helen of Troy following the double beat. Linda Bolton Weiser noted that management’s 5% to 7% sales decline guidance for Fiscal 2025 first-quarter sales is based on a “lack of flu season reorders and systems-related disruption.” She said, however, that after this headwind clears, organic sales growth is expected to turn positive in the second quarter amid retail distribution gains. Although the analyst lowered her price target from $151.00 to $139.00, she said a 9x P/E ratio makes Helen of Troy stock “worth a look for value investors.” Project Pegasus Could Send Profits Flying Management also provided an update on the company’s Pegasus restructuring plan, which is designed to expand operating margins through cost reduction and efficiency gains. It lowered its one-time restructuring charge estimate to $50-55 million, which is expected to be applied in Fiscal 2025. Helen of Troy also revised the timing for its estimated $75-85 million of pre-tax operating profit improvements. After approximately 25% of this goal was achieved in Fiscal 2024, it now sees 35%, 25%, and 15% of the savings being recognized over the next three fiscal years, respectively. A reduced restructuring charge and continued cost savings point to solid progress with Project Pegasus. It could also be a source of outperformance, with management projecting a wide adjusted EPS growth range of -2.4% to 3.3% in Fiscal 2025. What Is the Consensus Price Target for HELE Stock? Helen of Troy is actively followed by a handful of research firms, just three of which have offered an opinion over the last three months. HELE stock comes in as a Moderate Buy based on two Buys and one Hold rating assigned in the past three months. Meanwhile, the average HELE stock price target comes in at $138.00, which implies 43% upside potential over the next 12 months. The Bottom Line on HELE Stock Helen of Troy stock was hit hard by a conservative Fiscal 2025 outlook that reflects declining Beauty & Wellness product sales in a tough discretionary spending environment. Low expectations and a low valuation could drive significant upside, though, especially if macroeconomic conditions improve and Project Pegasus continues to boost profit margins. Disclosure

In the latest market close, Canopy Growth Corporation (CGC) reached $10.24, with a -0.97% movement compared to the previous day. This change lagged the S&P 500's 1.26% gain on the day. Meanwhile, the Dow gained 1.18%, and the

The most recent trading session ended with Intellia Therapeutics, Inc. (NTLA) standing at $23.60, reflecting a +1.42% shift from the previouse trading day's closing. This change outpaced the S&P 500's 1.26% gain on the day. On

The S&P 500 Index ($SPX ) (SPY ) Friday closed up +1.26%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +1.18%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.99%. US stock indexes Friday settled moderately higher, with the S&P 500 and Nasdaq 100...

Energy Fuels (UUUU) came out with quarterly earnings of $0.02 per share, in line with the Zacks Consensus Estimate. This compares to loss of $0.01 per share a year ago. These figures are adjusted for non-recurring items.

Denison Mine (DNN) closed at $2.13 in the latest trading session, marking a +0.95% move from the prior day. This move lagged the S&P 500's daily gain of 1.26%. Elsewhere, the Dow saw an upswing of 1.18%, while the tech-heavy N

In the latest trading session, Pure Storage (PSTG) closed at $52.24, marking a +1.57% move from the previous day. This move outpaced the S&P 500's daily gain of 1.26%. On the other hand, the Dow registered a gain of 1.18%, and

In the latest trading session, Ardmore Shipping (ASC) closed at $17.42, marking a +0.87% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 1.26%. At the same time, the Dow added 1.18%,

Accenture (ACN) closed the latest trading day at $303.71, indicating a +1.12% change from the previous session's end. The stock trailed the S&P 500, which registered a daily gain of 1.26%. At the same time, the Dow added 1.18%

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which me

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which me

In trading on Friday, shares of Littelfuse Inc (Symbol: LFUS) crossed above their 200 day moving average of $245.71, changing hands as high as $246.64 per share. Littelfuse Inc shares are currently trading up about 3.3% on the day. The chart below shows the one year performanc

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which me