3M (MMM) Stock Sinks As Market Gains: What You Should Know

This story originally appeared on Zacks

3M (MMM) closed at $176.55 in the latest trading session, marking a -0.37% move from the prior day. This change lagged the S&P 500’s 2.07% gain on the day. Elsewhere, the Dow gained 1.4%, while the tech-heavy Nasdaq added 0.49%.

Prior to today’s trading, shares of the maker of Post-it notes, industrial coatings and ceramics had lost 2.39% over the past month. This has was narrower than the Conglomerates sector’s loss of 3.15% and lagged the S&P 500’s loss of 2.08% in that time.3M will be looking to display strength as it nears its next earnings release. In that report, analysts expect 3M to post earnings of $2.07 per share. This would mark a year-over-year decline of 13.03%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $8.66 billion, up 0.88% from the year-ago period.MMM’s full-year Zacks Consensus Estimates are calling for earnings of $9.87 per share and revenue of $35.35 billion. These results would represent year-over-year changes of +12.93% and +9.83%, respectively.Investors might also notice recent changes to analyst estimates for 3M. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. 3M is holding a Zacks Rank of #3 (Hold) right now.Looking at its valuation, 3M is holding a Forward P/E ratio of 17.95. This represents a no noticeable deviation compared to its industry’s average Forward P/E of 17.95.Meanwhile, MMM’s PEG ratio is currently 1.89. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company’s expected earnings growth rate. Diversified Operations stocks are, on average, holding a PEG ratio of 1.7 based on yesterday’s closing prices.The Diversified Operations industry is part of the Conglomerates sector. This group has a Zacks Industry Rank of 94, putting it in the top 38% of all 250+ industries.The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Johnson & Johnson (JNJ) Gains But Lags Market: What You Should Know

This story originally appeared on Zacks

Johnson & Johnson (JNJ) closed at $163.36 in the latest trading session, marking a +0.26% move from the prior day. This move lagged the S&P 500’s daily gain of 2.07%. At the same time, the Dow added 1.4%, and the tech-heavy Nasdaq gained 0.49%.

Heading into today, shares of the world’s biggest maker of health care products had gained 0.04% over the past month, outpacing the Medical sector’s loss of 5.81% and the S&P 500’s loss of 2.08% in that time.Investors will be hoping for strength from Johnson & Johnson as it approaches its next earnings release, which is expected to be January 25, 2022. On that day, Johnson & Johnson is projected to report earnings of $2.12 per share, which would represent year-over-year growth of 13.98%. Our most recent consensus estimate is calling for quarterly revenue of $25.26 billion, up 12.37% from the year-ago period.For the full year, our Zacks Consensus Estimates are projecting earnings of $9.78 per share and revenue of $94.23 billion, which would represent changes of +21.79% and +14.1%, respectively, from the prior year.It is also important to note the recent changes to analyst estimates for Johnson & Johnson. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook.Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.02% lower within the past month. Johnson & Johnson currently has a Zacks Rank of #3 (Hold).In terms of valuation, Johnson & Johnson is currently trading at a Forward P/E ratio of 16.66. For comparison, its industry has an average Forward P/E of 12.73, which means Johnson & Johnson is trading at a premium to the group.Also, we should mention that JNJ has a PEG ratio of 2.38. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company’s expected earnings growth rate into account. The Large Cap Pharmaceuticals industry currently had an average PEG ratio of 1.94 as of yesterday’s close.The Large Cap Pharmaceuticals industry is part of the Medical sector. This group has a Zacks Industry Rank of 85, putting it in the top 34% of all 250+ industries.The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.To follow JNJ in the coming trading sessions, be sure to utilize Zacks.com.
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Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
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AGNC Investment (AGNC) Gains But Lags Market: What You Should Know

This story originally appeared on Zacks

In the latest trading session, AGNC Investment (AGNC) closed at $15.85, marking a +1.28% move from the previous day. This move lagged the S&P 500’s daily gain of 2.07%. At the same time, the Dow added 1.4%, and the tech-heavy Nasdaq gained 0.49%.

Heading into today, shares of the real estate investment trust had lost 2.92% over the past month, outpacing the Finance sector’s loss of 3.66% and lagging the S&P 500’s loss of 2.08% in that time.AGNC Investment will be looking to display strength as it nears its next earnings release. In that report, analysts expect AGNC Investment to post earnings of $0.67 per share. This would mark a year-over-year decline of 10.67%. Our most recent consensus estimate is calling for quarterly revenue of $418 million, down 8.93% from the year-ago period.Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.93 per share and revenue of $1.76 billion. These totals would mark changes of +8.52% and +4.88%, respectively, from last year.Investors should also note any recent changes to analyst estimates for AGNC Investment. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.31% higher. AGNC Investment is currently a Zacks Rank #3 (Hold).Digging into valuation, AGNC Investment currently has a Forward P/E ratio of 5.34. Its industry sports an average Forward P/E of 9.61, so we one might conclude that AGNC Investment is trading at a discount comparatively.The REIT and Equity Trust industry is part of the Finance sector. This group has a Zacks Industry Rank of 102, putting it in the top 41% of all 250+ industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs > >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 AGNC Investment Corp. (AGNC): Free Stock Analysis Report To read this article on Zacks.com click here.

Lockheed Martin (LMT) Stock Sinks As Market Gains: What You Should Know

This story originally appeared on Zacks

Lockheed Martin (LMT) closed at $339.17 in the latest trading session, marking a -0.23% move from the prior day. This move lagged the S&P 500’s daily gain of 2.07%. At the same time, the Dow added 1.4%, and the tech-heavy Nasdaq gained 0.49%.

Heading into today, shares of the aerospace and defense company had lost 0.53% over the past month, outpacing the Aerospace sector’s loss of 5.79% and the S&P 500’s loss of 2.08% in that time.Investors will be hoping for strength from Lockheed Martin as it approaches its next earnings release. On that day, Lockheed Martin is projected to report earnings of $8.04 per share, which would represent year-over-year growth of 26.02%. Our most recent consensus estimate is calling for quarterly revenue of $17.81 billion, up 4.55% from the year-ago period.For the full year, our Zacks Consensus Estimates are projecting earnings of $23.37 per share and revenue of $67.23 billion, which would represent changes of -4.61% and +2.81%, respectively, from the prior year.It is also important to note the recent changes to analyst estimates for Lockheed Martin. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook.Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Lockheed Martin currently has a Zacks Rank of #3 (Hold).In terms of valuation, Lockheed Martin is currently trading at a Forward P/E ratio of 14.55. For comparison, its industry has an average Forward P/E of 16.97, which means Lockheed Martin is trading at a discount to the group.Also, we should mention that LMT has a PEG ratio of 4.09. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company’s expected earnings growth rate into account. The Aerospace – Defense industry currently had an average PEG ratio of 1.75 as of yesterday’s close.The Aerospace – Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 196, putting it in the bottom 23% of all 250+ industries.The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.To follow LMT in the coming trading sessions, be sure to utilize Zacks.com.
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Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs > >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 Lockheed Martin Corporation (LMT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research

Capital One (COF) Gains But Lags Market: What You Should Know

This story originally appeared on Zacks

Capital One (COF) closed at $148.58 in the latest trading session, marking a +1.81% move from the prior day. This change lagged the S&P 500’s 2.07% gain on the day. Meanwhile, the Dow gained 1.4%, and the Nasdaq, a tech-heavy index, added 0.49%.

Prior to today’s trading, shares of the credit card issuer and bank had lost 6.16% over the past month. This has lagged the Finance sector’s loss of 3.66% and the S&P 500’s loss of 2.08% in that time.Capital One will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $5.15, down 2.65% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $7.87 billion, up 7.21% from the year-ago period.COF’s full-year Zacks Consensus Estimates are calling for earnings of $26.45 per share and revenue of $30.15 billion. These results would represent year-over-year changes of +409.63% and +5.7%, respectively.It is also important to note the recent changes to analyst estimates for Capital One. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 1.01% higher. Capital One is currently sporting a Zacks Rank of #3 (Hold).Investors should also note Capital One’s current valuation metrics, including its Forward P/E ratio of 5.52. Its industry sports an average Forward P/E of 5.94, so we one might conclude that Capital One is trading at a discount comparatively.Meanwhile, COF’s PEG ratio is currently 0.26. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock’s expected earnings growth rate. COF’s industry had an average PEG ratio of 0.26 as of yesterday’s close.The Financial – Consumer Loans industry is part of the Finance sector. This group has a Zacks Industry Rank of 88, putting it in the top 35% of all 250+ industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.To follow COF in the coming trading sessions, be sure to utilize Zacks.com.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs > >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 Capital One Financial Corporation (COF): Free Stock Analysis Report To read this article on Zacks.com click here.

Walgreens Boots Alliance (WBA) Stock Sinks As Market Gains: What You Should Know

This story originally appeared on Zacks

In the latest trading session, Walgreens Boots Alliance (WBA) closed at $48.23, marking a -0.14% move from the previous day. This change lagged the S&P 500’s 2.07% gain on the day. At the same time, the Dow added 1.4%, and the tech-heavy Nasdaq gained 0.49%.

Coming into today, shares of the largest U.S. drugstore chain had lost 3.21% in the past month. In that same time, the Retail-Wholesale sector lost 4.8%, while the S&P 500 lost 2.08%.Wall Street will be looking for positivity from Walgreens Boots Alliance as it approaches its next earnings report date. On that day, Walgreens Boots Alliance is projected to report earnings of $1.22 per share, which would represent no growth from the year-ago period. Our most recent consensus estimate is calling for quarterly revenue of $32.93 billion, down 9.31% from the year-ago period.WBA’s full-year Zacks Consensus Estimates are calling for earnings of $4.92 per share and revenue of $131.38 billion. These results would represent year-over-year changes of -7.34% and -4.37%, respectively.It is also important to note the recent changes to analyst estimates for Walgreens Boots Alliance. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.72% lower. Walgreens Boots Alliance is currently a Zacks Rank #4 (Sell).Investors should also note Walgreens Boots Alliance’s current valuation metrics, including its Forward P/E ratio of 9.82. For comparison, its industry has an average Forward P/E of 9.82, which means Walgreens Boots Alliance is trading at a no noticeable deviation to the group.Meanwhile, WBA’s PEG ratio is currently 2.22. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company’s expected earnings growth rate into account. Retail – Pharmacies and Drug Stores stocks are, on average, holding a PEG ratio of 1.98 based on yesterday’s closing prices.The Retail – Pharmacies and Drug Stores industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 200, putting it in the bottom 22% of all 250+ industries.The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs > >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 Walgreens Boots Alliance, Inc. (WBA): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research

American Airlines (AAL) Stock Sinks As Market Gains: What You Should Know

This story originally appeared on Zacks

American Airlines (AAL) closed at $17.89 in the latest trading session, marking a -0.22% move from the prior day. This change lagged the S&P 500’s 2.07% gain on the day. Meanwhile, the Dow gained 1.4%, and the Nasdaq, a tech-heavy index, added 0.49%.

Prior to today’s trading, shares of the world’s largest airline had lost 19.42% over the past month. This has lagged the Transportation sector’s loss of 3.19% and the S&P 500’s loss of 2.08% in that time.American Airlines will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of -$1.72, up 55.44% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $9.09 billion, up 125.79% from the year-ago period.AAL’s full-year Zacks Consensus Estimates are calling for earnings of -$8.65 per share and revenue of $29.55 billion. These results would represent year-over-year changes of +56% and +70.46%, respectively.It is also important to note the recent changes to analyst estimates for American Airlines. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.09% lower. American Airlines is currently sporting a Zacks Rank of #3 (Hold).The Transportation – Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 235, which puts it in the bottom 8% of all 250+ industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs > >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 American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research

Delta Air Lines (DAL) Stock Sinks As Market Gains: What You Should Know

This story originally appeared on Zacks

Delta Air Lines (DAL) closed the most recent trading day at $38.04, moving -0.26% from the previous trading session. This change lagged the S&P 500’s daily gain of 2.07%. Elsewhere, the Dow gained 1.4%, while the tech-heavy Nasdaq added 0.49%.

Prior to today’s trading, shares of the airline had lost 14.58% over the past month. This has lagged the Transportation sector’s loss of 3.19% and the S&P 500’s loss of 2.08% in that time.Wall Street will be looking for positivity from Delta Air Lines as it approaches its next earnings report date. The company is expected to report EPS of -$0.26, up 89.72% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $8.79 billion, up 121.25% from the prior-year quarter.Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$4.62 per share and revenue of $28.99 billion. These totals would mark changes of +57.06% and +69.6%, respectively, from last year.Any recent changes to analyst estimates for Delta Air Lines should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.06% higher. Delta Air Lines is currently a Zacks Rank #4 (Sell).The Transportation – Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 235, putting it in the bottom 8% of all 250+ industries.The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs > >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 Delta Air Lines, Inc. (DAL): Free Stock Analysis Report To read this article on Zacks.com click here.

Carnival (CCL) Stock Sinks As Market Gains: What You Should Know

This story originally appeared on Zacks

Carnival (CCL) closed at $18.50 in the latest trading session, marking a -0.48% move from the prior day. This move lagged the S&P 500’s daily gain of 2.07%. At the same time, the Dow added 1.4%, and the tech-heavy Nasdaq gained 0.49%.

Prior to today’s trading, shares of the cruise operator had lost 24.4% over the past month. This has lagged the Consumer Discretionary sector’s loss of 7.39% and the S&P 500’s loss of 2.08% in that time.Investors will be hoping for strength from Carnival as it approaches its next earnings release. On that day, Carnival is projected to report earnings of -$1.46 per share, which would represent year-over-year growth of 27.72%. Our most recent consensus estimate is calling for quarterly revenue of $1.48 billion, up 4261.41% from the year-ago period.Investors might also notice recent changes to analyst estimates for Carnival. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 11.52% higher within the past month. Carnival is currently sporting a Zacks Rank of #3 (Hold).The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 92, which puts it in the top 37% of all 250+ industries.The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs > >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 Carnival Corporation (CCL): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research

D.R. Horton (DHI) Gains But Lags Market: What You Should Know

This story originally appeared on Zacks

In the latest trading session, D.R. Horton (DHI) closed at $106.16, marking a +0.43% move from the previous day. This change lagged the S&P 500’s 2.07% gain on the day. Meanwhile, the Dow gained 1.4%, and the Nasdaq, a tech-heavy index, added 0.49%.

Heading into today, shares of the homebuilder had gained 14.01% over the past month, outpacing the Construction sector’s gain of 3.02% and the S&P 500’s loss of 2.08% in that time.D.R. Horton will be looking to display strength as it nears its next earnings release. On that day, D.R. Horton is projected to report earnings of $2.83 per share, which would represent year-over-year growth of 32.24%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6.89 billion, up 16.09% from the year-ago period.DHI’s full-year Zacks Consensus Estimates are calling for earnings of $14.24 per share and revenue of $33.77 billion. These results would represent year-over-year changes of +24.8% and +21.58%, respectively.Investors should also note any recent changes to analyst estimates for D.R. Horton. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 7.13% higher. D.R. Horton is currently a Zacks Rank #3 (Hold).Investors should also note D.R. Horton’s current valuation metrics, including its Forward P/E ratio of 7.43. This valuation marks a premium compared to its industry’s average Forward P/E of 6.96.It is also worth noting that DHI currently has a PEG ratio of 0.73. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock’s expected earnings growth rate. The Building Products – Home Builders was holding an average PEG ratio of 0.32 at yesterday’s closing price.The Building Products – Home Builders industry is part of the Construction sector. This group has a Zacks Industry Rank of 73, putting it in the top 29% of all 250+ industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.To follow DHI in the coming trading sessions, be sure to utilize Zacks.com.
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