Is Apple stock a buy?
Apple currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. Yahoo FinanceHere's Why Apple (AAPL) is a Great Momentum Stock to Buy
Prior to today's trading, shares of the online retailer had lost 2.69% over the past month. This has lagged the Retail-Wholesale sector's gain of 3.99% and the S&P 500's gain of 3.64% in that time.
BABA will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $2.84, up 35.24% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $32.88 billion, up 51.08% from the prior-year quarter.
BABA's full-year Zacks Consensus Estimates are calling for earnings of $11.20 per share and revenue of $142.96 billion. These results would represent year-over-year changes of +12.68% and +33.51%, respectively.
Investors might also notice recent changes to analyst estimates for BABA. These revisions typically reflect the latest short-term business trends, which can change frequently. 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.
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. The Zacks Consensus EPS estimate has moved 0.41% lower within the past month. BABA is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, BABA is currently trading at a Forward P/E ratio of 18.39. For comparison, its industry has an average Forward P/E of 61.5, which means BABA is trading at a discount to the group.
Also, we should mention that BABA has a PEG ratio of 1.07. 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 Internet - Commerce industry currently had an average PEG ratio of 1.84 as of yesterday's close.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 192, putting it in the bottom 25% 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.
Wall Street's main indexes closed at their highest levels ever on Monday, lifted by Tesla and bank stocks as investors eyed the start of the second-quarter earnings season and a batch of economic data. Tesla rallied over 4% and was the top contributor to gains in the S&P 500 and Nasdaq. CEO Elon Musk insisted in court on Monday he does not control Tesla, and he said he did not enjoy being the electric vehicle company’s chief executive as he took the stand to defend the company’s 2016 acquisition of SolarCity.
HONG KONG/SHANGHAI (Reuters) -Alibaba Group Holding Ltd and Chinese state-backed firms are weighing bids for a stake in Unisplendour Corp, a cloud computing infrastructure firm, that could fetch as much as $7.7 billion, people familiar with the matter said. Chip conglomerate Tsinghua Unigroup, which is saddled with some $31 billion in debt, is looking to divest its 46.45% stake in Shenzhen-listed Unisplendour as more of its bond payments are coming due, they said. Potential suitors include Wuxi Industry Development Group, a firm owned by the government of the eastern Chinese city of Wuxi, Beijing government-owned Beijing Electronics Holdings and state-backed semiconductor investment fund JAC Capital, said the people.
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The shares of Ohio-based regional property and casualty insurance company State Auto Financial (NASDAQ: STFC) blasted through the speed limit on Monday. Privately held Liberty Mutual, a major player in the property and casualty space, announced this morning that it has signed a definitive agreement to acquire State Auto Financial for $52 per share -- hence the stock's dramatic rise over the course of the day. Liberty Mutual holds a 58.8% interest in its fellow insurer.
(Bloomberg) -- Hong Kong-listed Chinese tech stocks rose the most in three weeks on Tuesday as official approval for a Tencent Holdings Ltd. acquisition eased investor concerns about Beijing’s recent regulatory crackdown.Tencent’s purchase of search engine developer Sogou was approved by China’s anti-monopoly regulator, according to a statement on the website of the State Administration for Market Regulation. The Hang Seng Tech Index jumped as much as 2.7% -- its biggest gain since June 23 -- wh
Markets have been heading up, with year-to-date gains in the S&P and NASDAQ at 18% and 15% respectively. So far, the upward trend is showing signs of staying power, and JPMorgan global market strategist, Jordan Jackson, sees a strong foundation in the offing for further growth. Earnings, in Jackson’s view, will be the key driver going forward in this second half: “What’s going to drive the market higher? I think going forward it is going to be earnings... Earnings are certainly expected to surpr
STOCKHOLM (Reuters) -Finland's Nokia said on Tuesday it planned to raise its full-year outlook as business picked up pace in the second quarter, sending the telecom equipment maker's shares up more than 6%. Nokia had been struggling against Nordic rival Ericsson as product missteps in the early stages of 5G hampered growth and led to changes in its top management. But under the management of Pekka Lundmark, Nokia has been regaining lost ground by making changes in its operating model, cutting costs, laying off thousands of employees and forging new partnerships with technology and telecom companies.
Shares of SGOCO Group (NASDAQ: SGOC) were up as much as 196% Monday morning as retail investors piled into this penny stock. On Friday of last week, SGOCO Group stock went up 500% on no news or analyst reports. Historically, SGOCO Group's 10-day trading volume was much less than 1 million shares.
Is NIO Inc. (NYSE:NIO) a good place to invest some of your money right now? We can gain invaluable insight to help us answer that question by studying the investment trends of top investors, who employ world-class Ivy League graduates, who are given immense resources and industry contacts to put their financial expertise to work. […]
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Shares of 3D Systems (NYSE: DDD), a diversified 3D printing company, dropped 9.7% on Monday, probably because of usual volatility and, perhaps, some news from Desktop Metal. The only news 3D Systems announced on Monday was the scheduled date of the release of its second-quarter 2021 results: Monday, Aug. 9, after the market closes. A good portion of 3D Systems stock's Monday drop was probably simply due to its usual volatility.
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(Bloomberg) -- Lumber, which at one point was among the world’s best-performing commodities as the pandemic sent construction demand soaring and stoked fears of inflation, has officially wiped out all of its staggering gains for the year.Prices at Monday’s close are now down 0.6% for the year as demand eases and supply expands in response to earlier gains. The rally turned a common building product into a social media sensation and a flash point in the debate over U.S. monetary policy. At one po
Medical technology specialist InMode (NASDAQ: INMD) was a very in-fashion stock Monday. The company's shares zoomed 12.5% higher, on the back of very encouraging preliminary results and raised guidance. According to its preliminary calculations, InMode will post record revenue in the second quarter of $86.5 million to $87 million.
In this article, we discuss the 10 stocks Warren Buffett is selling. You can skip our detailed discussion on Buffett’s history, investment philosophy, and hedge fund performance, and read the 5 Stocks Warren Buffett is Selling. Warren Buffett, the chief of Nebraska-based Berkshire Hathaway, recently penned a letter to shareholders at his company and announced […]
In this article, we will be looking at the 10 best 3D printing stocks to buy now. If you want to skip our detailed analysis on the additive manufacturing industry, you can go directly to the 5 Best 3D Printing Stocks to Buy Now. Additive manufacturing, or 3D printing as it is more commonly known, […]
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