Zacks Investment Research Zacks is the leading investment research firm focusing on equities earnings estimates and stock analysis for the individual investor, including stock picks, stock screening, portfolio stock tracker and stock screeners. http://so-l.ru/news/source/zacks_investment_research Mon, 23 Apr 2018 08:23:36 +0300 <![CDATA[Inside Van Eck's New Real Asset ETF]]> Given rounds of concerns over trade tensions, geopolitical crisis, changing monetary policies in central banks and equity overvaluation concerns after a superb 2017, investors’ need for a safe product is understandable (read: 5 ETF Ways to Hedge Your Portfolio Against Volatility).

Probably this is why, VanEck Vectors launched a new product called VanEck Vectors Real Asset Allocation ETF RAAX. Let’s delve a little deeper.

Inside RAAX

The fund looks to generate long-term total returns. In order to do so, the fund intends to maximize real returns while seeking to lower downside risk during prolonged market declines by “allocating primarily to exchange-traded products that provides exposure to real assets, which include commodities, real estate, natural resources, and infrastructure.”

The fund looks to lower downside risk by using a rules-based approach to determine when to allocate a portion or all of the fund's assets to cash and cash equivalents. The fund holds about 10 securities. PowerShares Opt Yield Diverse Commodity ETF takes about 30% of its portfolio followed by VanEck Vectors Agribusiness ETF taking about 19.8% of assets and iShares Gold Trust accounting for 9.61% of assets.

The new fund deploys a rules-based model to assign its total assets among about 12 exchange-traded products (ETPs) to generate “real returns” and may allot a full portfolio to cash or cash equivalents if its mangers see immense risk in the market, as per etf.com.

How Does It Fit in a Portfolio?

The fund is a good pick for diversification. Investors can have an access to equities, fixed-income securities, physical assets and exchange-traded products that provide exposure to real assets, including commodities, real estate, natural resources and infrastructure.

According to the press release, real assets act like inflation-protected assets add to portfolio diversification and cash in on uptick in global growth. The ETP’s range is far reaching and diverse. It covers agribusiness, coal, infrastructure, real estate, steel, oil services, unconventional oil & gas, and gold mining companies as well as diversified commodity futures exposure and physical gold (read: Inflation Ticks Up: What's in Store for Europe ETFs?).

By investing in diverse asset classes, the fund will likely reduce volatility and offer stability to the portfolio. This is because some of its holdings have low correlations with conventional asset classes (read: Trade Tensions or Not, Stay Safe with These ETFs).

Can it Succeed?

There are real return ETFs in the market, namely SPDR SSgA Multi-Asset Real Return ETF RLY, IQ Real Return ETF CPI and QuantX Risk Managed Real Return ETF QXRR. So, as long as the newbie’s investment objective is to yield real returns, the above-mentioned funds may pose threats.

And if risks flare up in the broader market or there are both equity and bond-market selloffs, investors may choose to in invest in cash components. In such a scenario, money market ETFs like PowerShares BulletShares 2018 Corporate Bond Portfolio BSCI, iShares iBonds Dec 2018 Term Corporate ETF IBDH and JPMorgan Ultra-Short Income ETF JPST may act as competitors to RAAX. This is because money market instruments often act like cash components.

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http://so-l.ru/news/y/2018_04_22_inside_van_eck_s_new_real_asset_etf Sun, 22 Apr 2018 22:13:00 +0300
<![CDATA[In a Volatile 1st Quarter, CME Group Might Be the Big Winner]]> The first quarter of the year was a real roller coaster ride in the U.S. equity markets.  A big run-up in January was followed by an even bigger slide in February.  After peaking at 2782 on January, the S&P 500 index plunged to 2581 on February 8th.  Unfortunately, the nauseating ride wasn’t over and we saw several more large daily moves throughout February and March that helped move the CBOE volatility index (VIX - the market’s “fear gauge”) to a peak of 37 – a multi-year high.


Things have settled down considerably recently, with the S&P 500 basically unchanged on the year and the VIX back in the mid-teens – close to its historical average.

Clearly a lot of money changes hands during the tumultuous first quarter of 2018, and big banks Q1 results show it.  Both Goldman Sachs (GS) and Morgan Stanley (MS) beat Zacks Consensus Sales Estimates, aided by improved trading and brokerage revenue.


But what other companies might be the beneficiaries of the wild ride of the past few months?

Let’s take a look at an exchange that facilitates the trades that occur during volatile periods.

Chicago Trading Powerhouse

Since its inception as the Chicago Butter and Egg Board in 1898, the Chicago Mercantile Exchange (CME) has been a constant innovator in the creation and trading of futures and options products. After a merger with its crosstown rival the Chicago Board of Trade in 2007 and the acquisition of the New York mercantile Exchange (NYMEX) and the New York Commodities Exchange (COMEX) in 2008, the CME has emerged as the world’s leading marketplace for derivatives on agricultural commodities, equity indexes, interest rates, currencies, oil and precious metals.

The CME makes approximately 86% of its revenues from transaction and clearing fees on trades - with the balance coming from access/communication fees and selling market data.

During periods of market volatility, market participants of all stripes turn to the CME’s deep and liquid markets to hedge risk and/or speculate on future price movements.  

Originally an open outcry exchange where traders and brokers transacted business in person on a trading floor, the CME now does upwards of 90% of its volume on its Globex electronic platform. “The Merc” as it’s known to Chicago locals consistently outpaces similar exchanges CBOE Global Markets (CBOE) and the Intercontinental Exchange (ICE).


The first Quarter of 2018 was no exception.  

Growing Volumes Equal Growing Revenues

Thanks to huge interest in Interest Rate and Equity futures and options, the CME has increased trading volumes in 2018 by 28% over the same period in 2017.  Because its cost structure is relatively fixed, a big portion of additional trading volumes goes straight to the bottom line.

Here are the 2018 YTD volume figures from the CME website:

                                                                                                  

Zacks consensus Estimates for CME’s revenue from transaction and clearing fees in Q1 is $865M, an increase of 9% from the $792M they reported in Q1 of 2017.  

                                                                                           

A quick look at the volume data shows that 1.35 Billion contracts have traded at the CME so far this year, almost 28% higher than the same period in 2017.  

Analysts are taking notice with 4 upgrades in the past 30 days, bringing the Zacks Consensus Earnings Estimate for 2018 to $6.86/share from $6.22/share 90 days ago and 44% higher than the $4.77/share reported in 2017.

                                                                                                      

Rising earnings estimates are a bullish indicator for a stock’s price and thanks to these upgrades, CME earns a Zacks Rank #1 (Strong Buy).
 


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http://so-l.ru/news/y/2018_04_21_in_a_volatile_1st_quarter_cme_group_mig Sat, 21 Apr 2018 01:52:00 +0300
<![CDATA[Is Google's 'Other Bets' Unit Poised For More Growth?]]> Shares of Google parent Alphabet Inc. GOOGL sunk on Friday, just one trading day before the release of its first quarter financial results. This means investors might want to pay very close attention to the company’s first quarter estimates, beyond more basic earnings projections.

With that said, Alphabet’s first quarter earnings are expected to pop by 19.2% to reach $9.21 per share, based on our current Zacks Consensus Estimates. The company’s overall Q1 revenues are also projected to surge by 20.7% to hit $24.29 billion. Investors should note that our revenue estimate excludes Google Network Members revenues.

Clearly, investors will be happy to see that Alphabet is expected to expand both its top and bottom lines. Investors should also note that Google’s massive advertising business is once again projected to account for a large majority of Alphabet’s revenues.

Meanwhile, the company has expand its revenue base in recent years in an effort to provide more value to investors. Alphabet now operates in industries that are expected to boom, including cloud computing and artificial intelligence.

The company’s “Google other revenues” unit encompasses many of these newer business ventures. Another area that has grabbed investor attention recently is Google’s “Other Bets” unit. This more mysterious division is expected to experience bigger quarterly gains than Alphabet’s other two important business units.

Alphabet's Other Bets segments is comprised of the Nest “smart” home automation division, known for its thermostats, smoke detectors, and security cameras. Another Other Bets revenue generator is Google Fiber, which provides broadband internet services in select cities throughout the U.S. Investors might also recognize Alphabet's life sciences brand, Verily.

To see how much Other Bets is projected to grow, we can turn to our exclusive non-financial metrics consensus estimate file. The Zacks Consensus NFM file contains detailed estimate data for business segment metrics and non-financial metrics reported by companies. The data is acquired from digest and contributing broker models and includes the independent research of expert stock market analysts.

Based on our consensus estimates, Other Bets revenues are projected to reach $362 million, which would represent 48.4% year-over-year growth. Last quarter, Other Bets revenues surged 56.1% to touch $409 million. Investors should note that the expected sequential downturn is likely due to increased holiday period sales.

For more estimates ahead of Alphabet’s Q1 report, check out: 3 Key Estimates for Google's Q1 Earnings Report.

Also, make sure to check back here for our full analysis of Alphabet’s actual results!

Wall Street’s Next Amazon

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http://so-l.ru/news/y/2018_04_21_is_google_s_other_bets_unit_poised_for Sat, 21 Apr 2018 01:40:00 +0300
<![CDATA[Headwinds That Might Dent Airline Industry Momentum]]>

The fact that the Zacks Airline industry declined 2.5% in the first quarter of the year highlights the fact the sector is not bereft of headwinds, despite positives such as increasing financial prosperity and the new tax law.

Let’s take a look at the factors responsible for the disappointing price performance.

Weather-Related Disruptions Rule

Stocks in the airline space have been hit repeatedly by inclement weather this year. Weather-related disruptions cripple airline operations, leading to multiple flights being cancelled. Apart from Winter Storm Grayson in January, successive nor’easters in March disrupted airline operations significantly due to multiple flight cancellations.

In fact, the month of March has reportedly seen more than 10,000 flights being called off due to successive nor’easters. Notably, this was the worst March in five years in terms of flight cancellations.

The increase in the number of flight cancellations resulted in significant revenue loss for airline operators and this is likely to dent the top-line performance of carriers in the first quarter. 

According to the Air Travel Consumer Report unveiled by the U.S. Department of Transportation, the number of cancellations increased during January 2018. In fact, the rate of cancelled scheduled domestic flights increased to 3% from 2% and 1.2% in January and December 2017, respectively.

Public Relations Fiascoes

Carriers such as United Continental Holdings, Inc. (UAL) and Southwest Airlines Co. (LUV) have been hurt by issues pertaining to animals on their flights. In February, an unfortunate child-related incident occurred on a Southwest Airlines flight (Phoenix-to-Portland) when a dog bit the girl on the plane. Southwest started reviewing its policy pertaining to onboard service animals, even before the occurrence of incident.

The dog fiasco at one of the flights of United Airlines — United Continental’s subsidiary — earned the carrier rebuke from all corners. In fact, the incident which resulted in the tragic death of a black French bulldog puppy on one of its flights on Mar 12, 2018, did not go unnoticed by lawmakers in the United States.

According to a Reuters report, U.S. senators John Kennedy and Catherine Cortez Masto have introduced a legislation aimed at preventing airlines from putting live animals in overhead bins. The senators have also proposed the imposition of fines on violations of the animal-friendly measure. This apart, the transportation of a Kansas-bound German shepherd to Japan also dented its market reputation with respect to its pet-handling policy.

Markedly, these two mishaps were the reasons behind United Airlines’ decision to suspend its pet cargo travel service. Even in 2017, United Airlines had the dubious distinction of the highest number of animal deaths on its flights.

The mishandling of animals has caused carriers like Delta Air Lines, Inc. (DAL) to change their policy on animals on their flights. Markedly, from Mar 1, 2018 the concerned passengers on Delta flights would need to furnish documents underlining passengers’ need for carrying the animal on the flight. Also, the person has to provide proof related to its training and vaccinations within 48 hours before the flight.

Delta carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

High Costs Likely to Hurt Bottom Line in Q1

Crude oil prices are on their way back up after falling sharply from $100 a barrel in 2014, to a low of $30 in 2016. Currently, oil prices are hovering around the $66 a barrel mark. Mounting tensions related to Syria contributed to the upsurge. As fuel costs represent one of the largest input costs for airline companies, the rise in oil prices naturally pushed up operating expenses, in turn, hurting the bottom line of carriers. With fuel costs moving northward, bottom-line growth of carriers is likely to be limited in the first quarter.

Apart from high fuel costs, expenses on the labor front have also been increasing over the past few quarters due to the various labor deals inked by carriers. High labor costs are likely to dent the bottom-line growth of most carriers in the first quarter.

Other Headwinds Plaguing Airlines

The long-standing pay-related dispute between European low-cost carrier, Ryanair Holdings plc (RYAAY), and its pilots shows no signs of ending. According to a Reuters report, the European Employee Representative Council — formed in 2016 by pilots of the Irish carrier — demanded the resignation of Ryanair CEO Michael O‘Leary.

The unofficial pan-European body was of the opinion that O‘Leary had failed to tackle the issue effectively, resulting in many pilots quitting the company. Ryanair has, however, dismissed this demand.

Moreover, Southwest’s bleak view unveiled late last month, with respect to operating revenue per available seat miles (RASM), for first-quarter also dented stocks in the space. The Dallas-based carrier attributed the downbeat forecast to pricing pressure and lower-than-expected demand for air travel due to the timing of the spring break holidays.

Furthermore, the U.S. Department of Transportation’s (DOT) tentative decision to grant permission to five U.S.-based leading carriers to operate new scheduled flights to Havana has led to fears of competition intensifying among leading carriers as Havana is popular tourist spot. In fact, in a bid to attract customers, U.S. carriers may face a price war. To match the low fares of carriers like JetBlue Airways Corp. (JBLU) and Southwest, legacy carriers namely Delta and American Airlines Group (AAL) might follow suit which is likely to trigger a price war.

Only time will tell whether the fears turn into reality, once the flights take effect following the finalization of this tentative decision. Moreover, the safety-related allegations leveled against Allegiant Travel Company (ALGT) by CBS’ "60 Minutes" also raise concerns. The allegations are being investigated.

Investors will also closely watch first-quarter results of the sector participants to find out whether capacity-related woes, which have been hurting airlines for quite some time, show up again in the current reporting cycle. 

Check out our latest Airline Industry Outlook for more news on the current state of affairs in this market from an earnings perspective, and how the trend looks ahead for this important sector at the moment.

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Zacks has just released Cybersecurity! An Investor’s Guide to help Zacks.com readers make the most of the $170 billion per year investment opportunity created by hackers and other threats. It reveals 4 stocks worth looking into right away.

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http://so-l.ru/news/y/2018_04_21_headwinds_that_might_dent_airline_indust Sat, 21 Apr 2018 01:08:00 +0300
<![CDATA[North Dakota Oil Production Slips but Set for 2018 Milestone]]> As per North Dakota’s oil regulator, the state’s daily crude output fell 0.4% in February after edging down 0.3% in the previous month. The North Dakota Department of Mineral Resources’ (‘DMR’) latest data said that oil production in February averaged 1,174,769 barrels a day, down 4,795 barrels a day from January.

But unlike crude, natural gas output went up – from January’s 2,071,820 thousand cubic feet per day to 2,102,266 thousand cubic feet per day – a new all-time high. As operators scramble to the core areas of the Bakken, wells here tend to produce more gas along with crude (present gas flare rate of around 15%).

Meanwhile, North Dakota’s total number of producing wells numbered 14,327 at the end of February, essentially unchanged from the previous month.

While the slight drop in oil activity – primarily attributed to cold weather – is the third month-over-month production decrease in a row, the decline was much smaller than anticipated. Moreover, daily output remained above 1 million barrels for the thirteenth month.

Therefore, notwithstanding the temporary blip, the newest numbers confirm the resurgence in volumes extracted from North Dakota, centered on the Bakken Shale formation.

Steady Rise in Rig Count

Some 57 drilling rigs were active in the state in February, up one from the January average. The drilling rig count increased to 59 in March and climbed further to tally 60 per the latest count. The all-time low of 27 was set in May 2016, while a year ago, North Dakota had just 39 rigs operating.

A closely watched yardstick of North Dakota oil industry's strength, the improvement in the number of units searching for oil and gas in the region indicates rebounding drilling activities and production. Going by the outlook of crude producers, seven to ten more rigs are likely to join the fleet by the end of this year.

Though the current rig count is still down considerably from the peak of May 2012 when North Dakota had 218 units drilling, one must note that sophisticated drilling rigs have enabled producers to get more oil out of each well. In other words, modern rigs have helped boost the per-unit output.

Shale Industry Adjusts to the New Reality

More rigs in operation and stable production not only confirms the positive developments for the state of North Dakota, but also points to the rising flood of U.S. shale-driven production.

Now at a financial equilibrium, the shale firms are putting more rigs and employees back to work. Throughout the downturn, producers (in North Dakota and particularly the Permian Basin in Texas) worked tirelessly to cut costs down to a bare minimum and look for innovative ways to churn out more oil from rock. And they managed to do just that by improving drilling techniques.

With these efforts, many upstream companies have repositioned themselves to adapt to the new $50-$60 oil reality and even thrive at those prices. In other words, while OPEC's moves to trim output and rebalance the demand-supply situation has stabilized the market to a large extent, in the process it has incentivized shale drillers to churn out more.

Is the Oil Crisis Over?

The U.S. West Texas Intermediate benchmark hit a more than three-year high of around $68.5 recently. Also, we are confident that improving fundamentals have probably put a floor under crude prices for the time being. While we do not rule out chances for short-term pullbacks on oversupply concerns and a stronger U.S. dollar, we remain extremely confident of an extended period of gains in the near future.

In this context, the steady recovery in North Dakota’s production bode well for the region. With oil prices likely to head higher, the monthly output in the second-largest oil producing state after Texas is expected to stay above the psychologically important one million barrel a day mark for the time being.

Dakota Access Pipeline: The Bakken Game-Changer

Apart from the strength in crude prices, there is another factor that might speed up Bakken output growth – the 1,100-mile-long Dakota Access Pipeline.

Making good on his campaign promises to rev up infrastructure spending, President Trump ignored bitter opposition from environmental activists and signed executive order to smooth the way for Energy Transfer Partners’ ETP $3.7 billion Dakota Access Pipeline just a few days into his new Administration. As a result, disregarding the censure from environmental groups and the Standing Rock Sioux Tribe, the sponsor – carrying a Zacks Rank #3 (Hold) – brought the controversial conduit online in early June 2017. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

With the project’s arrival, operators have scrambled to use the Dakota Access Pipeline to send a major portion of their product to market. In fact, around 78% of oil shipments out of North Dakota are now being carried by pipelines, with the costly railroad share dropping from over 24% in the early part of 2017 to little over 10%.

Market players believe that the pipeline has helped in bettering the region’s drilling economics by lowering transportation costs for operators. Set to carry about 520,000 barrels of oil daily, or more than 50% of North Dakota’s output, the commencement of the Dakota Access Pipeline has bridged the gap between Bakken players and producers in other U.S. oil producing areas like the Permian Basin.

The geographically constrained Bakken Shale's crude has now better access to Gulf and East Coast refineries and also reaches international markets. As expected, the pipeline, where energy majors like Phillips 66 PSX, Enbridge Inc. ENB and Marathon Petroleum Corp. MPC have invested, has helped to improve the region’s drilling economics by lowering transportation costs for operators and benefit the state financially.

Products from companies like Continental Resources, Inc. CLR, and Hess Corp. HES were among the first to reach the international markets (China and Netherlands), with the help of Dakota Access.

While there are apprehensions that growing North Dakota production could outpace the pipeline capacity again sometime next year leading to widening discount for the regional crude, current prices continue to exceed breakeven costs by around $30 per barrel.

Overall, rebounding oil prices, together with the start of the Dakota Access Pipeline, are expected to support further increase in Bakken output by providing the companies a chance to push their produce outward at a lower cost.

In fact, Lynn Helms – the director of DMR – feels that a conducive oil pricing environment is likely push the state’s output beyond the all-time high of 1,227,483 barrels/day sometime by mid-2018, eventually hitting 1.3 million barrels by the end of the year.

Wall Street’s Next Amazon

Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.

Click for details >>


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http://so-l.ru/news/y/2018_04_21_north_dakota_oil_production_slips_but_se Sat, 21 Apr 2018 00:52:00 +0300
<![CDATA[U.S. Steel Producers on a Roll as May 1 Deadline Approaches]]> The U.S. steel industry is buoyant in the backdrop of a favorable regulatory environment. The goal of the government is to revive the industry, which has seen a steady decline as local production was increasingly substituted with cheaper imports.

Steel imports have jumped from $22.7 billion in 2010 to $29.1 billion last year, according to the U.S. Census Bureau with the country remaining the world’s largest importer of steel. Further, USGS data shows that while steel mill and semi-finished product imports were 36 million metric tons (MMT) and 8.4 MMT in 2017, steel mill exports were a mere 11 MMT.

Steel Import Monitoring and Analysis (SIMA) data says that in the year ending January, 35% of imported steel comprised flat products, 28% pipes and tubes, 19% semi-finished and 18% long products. Canada (19%), Brazil (13%), Korea (12%), Mexico (11%), Turkey (5%) and Japan (5%) were the top exporters to the U.S.

So the prospect of a 25% tariff on imported products was seen as a positive for the industry that could perhaps help it generate higher volumes and stronger pricing. A longer-term benefit (because it is capital intensive) could also be the resuscitation of operations that were shut down in the last few years as a result of consistent Chinese dumping.

But there was a catch: Canada, Mexico, the European Union, Australia, Argentina, Brazil and South Korea were granted exemptions until May 1, so they could negotiate more favorable terms with the U.S. as regards their steel exports to the country, something the government has flagged as a national security concern. Since the list includes all of the top steel suppliers to the U.S., the May 1 deadline has assumed great importance.

Moreover, even if these deals work out, the government will introduce a quota system, so cheap Chinese products can’t sneak in indirectly through dumping in any of the supplier countries.

Challenges

While the tariff will bring pricing support, it will also result in some challenges.

For one, it is practically impossible to take China out of the pricing equation because it is the world’s biggest producer, exporter and consumer of steel. On the positive side, after the EU raised its antidumping duty on Chinese steel from a range of 18.1-35.9% to a range of 48.3-71.9% in March while also extending the period by another 5 years and Mexico did likewise on carbon steel pipes that were threatening its domestic producers, China said it would lower production in a phased manner over the next few years. It did however announce a retaliatory tariff of 25% on U.S. seamless steel pipes in response to President Trump’s actions.

Second, the U.S. imports a lot of steel pipes and tubes, such as those used in the energy industry. Whether domestic operations are currently geared to making those is debatable since a facility making sheets can’t easily be adapted to making pipes instead. Shutdown operations may be retooled for the purpose, but it will require significant time and investment.

Third, the U.S., while still a big producer of pig iron, has gradually been moving away from ore-based raw materials to scrap instead. When the price of steel goes up, so does the price of scrap. Companies currently expect to pass this on to customers if competition from cheaper imports is controlled. But whether those customers are in a position to absorb the much higher priced steel is a big question.

Which brings us to the fourth challenge. The top consumers of steel products in the U.S. are currently construction, automobile, energy, machinery & equipment, container, appliances, defense & military industries, which accounted for 40%, 26%, 10%, 10%, 4%, 4% and 3% of U.S. steel demand in 2017 (statista). So if steel prices go up, so will the costs for all these industries. This will hurt their profitability, make their output less competitive, and might lead them to curtail production. If they curtail production, steel producers will be hit again.

So the big question before us now (other than price) is the level of demand that steel producers are seeing, which we can gauge from management comments, utilization rates (both current and expected) and revenue estimates. What a good thing that we are in the earnings season!

Recent Earnings Reports Paint A Rosy Picture

Nucor Corporation NUE reported revenue and earnings that were both ahead of the Zacks Consensus Estimate. Revenue grew 15.6% from last year while earnings grew 5.4%. Average selling price (ASP) grew 9%. Management said on the call that utilization at its steel mills was up.  

The Zacks #2 (Buy) ranked company’s June quarter revenue estimate of $6.29 billion is up 2.7% from January while the September quarter revenue estimate of $6.38 billion is up 7.9%. The estimates represent 21.5% and 23.4% increases from the respective quarters of 2017.

Steel Dynamics, Inc STLD reported strong revenue and earnings, both of which topped the Zacks Consensus Estimates. Revenue grew 10.0% from last year while earnings grew 17.1%. ASP grew 11%. We’ll know about the utilization after the call.

The Zacks #1 (Strong Buy) ranked stock’s June quarter revenue estimate of $2.82 billion is up 7.2% from January while the September quarter revenue estimate of $2.86 billion is up 10.7%. The estimates represent 18.0% and 17.1% increases from the respective quarters of 2017.

ArcelorMittal’s MT fourth quarter earnings report was in February, so it doesn’t capture the tariff drama. But the estimate revision trend may tell the story.

The Zacks #1 ranked stock’s March quarter revenue estimate of $19.38 billion is up 5.0% from February while the June quarter revenue estimate of $21.15 billion is up 16.7%. The estimates represent 20.5% and 22.7% increases from the respective quarters of 2017.

United States Steel Corp. X will report results next week. The Zacks #1 ranked stock’s March quarter revenue estimate of $3.10 billion is marginally down from February while the June quarter revenue estimate of $3.45 billion is up 3.3%. The estimates represent 13.8% and 9.7% increases from the respective quarters of 2017.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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http://so-l.ru/news/y/2018_04_21_u_s_steel_producers_on_a_roll_as_may_1 Sat, 21 Apr 2018 00:47:00 +0300
<![CDATA[Can Order Growth Drive Lockheed Martin's (LMT) Q1 Earnings?]]> Lockheed Martin Corp. LMT is set to release first-quarter 2018 results on Apr 24, before the opening bell.

In the prior quarter, the company reported a positive earnings surprise of 5.91%. Lockheed Martin has outperformed the Zacks Consensus Estimate in three of the trailing four quarters, the average positive surprise being 4.62%.

Let's see how things are shaping up prior to this announcement.

Slew of Contract Wins

Being the largest defense contractor in the United States, Lockheed Martin enjoys a solid inflow of contracts from the Pentagon and its overseas clients, courtesy of its varied defense and military product offerings.

Among the contracts Lockheed Martin won in the first quarter, the significant ones include $3.5 billion deal to offer army training solutions to the U.S Army and $1.5 billion contract for the procurement of spare parts for F-35 lightning II air systems.

Other notable contracts also include a $524 million modification contract for the delivery of Patriot Advanced Capability-3 missiles, a $522 million deal for the production of Trident II (D5) missile and a contract worth $481.2 million to support the construction of four Multi-Mission Surface Combatant ships.

Evidently, such steady flow of orders will certainly boost Lockheed Martin’s quarterly sales. The Zacks Consensus Estimate for first-quarter sales is pegged at $11.3 billion, reflecting year-over-year growth of 2.22%.

Other Factors at Play

In 2017, the company completed the last F-16 production aircraft delivery. So the absence of this product line might weigh on Lockheed’s Aeronautics segment’s revenues in the first quarter. In line with this, the Zacks Consensus Estimate for sales of $4.2 billion for this unit shows a 6% annual decline.

Management at Lockheed Martin expects to deliver higher earnings in 2018, buoyed by lower tax rate, higher segment operating profit and improved FAS/CAS outlook. We believe such year-over-year bottom-line improvement will get reflected in the company’s first-quarter results as well. In line with this, the Zacks Consensus Estimate for first-quarter earnings is pegged at $3.40 per share, reflecting a 13.3% increase year over year.

Lockheed Martin Corporation Price and EPS Surprise

Lockheed Martin Corporation Price and EPS Surprise | Lockheed Martin Corporation Quote

Earnings Whispers

Our proven model does not show that Lockheed Martin is likely to beat earnings this quarter. That is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. That is not the case here as you will see below.

Zacks ESP: Lockheed Martin has an Earnings ESP of -1.09%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: Lockheed Martin carries a Zacks Rank #3, which increases the probability of earnings beat. But when combined with a negative earnings ESP, the Zacks Rank #3 makes surprise prediction difficult.

Please note that we caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.

Stocks to Consider

Here are a few companies in the Aerospace-Defense sector that have the right combination of elements to post an earnings beat this quarter.

Boeing BA is expected to report first-quarter results on Apr 25. The company has an Earnings ESP of +1.70% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.

General Dynamics GD has an Earnings ESP of +0.18% and a Zacks Rank #3. The company is expected to report first-quarter results on Apr 25.

Embraer-Empresa Brasileira de Aeronautica ERJ has an Earnings ESP of +300.00% and a Zacks Rank #3. The company is slated to release first-quarter results on Apr 27.

Wall Street’s Next Amazon

Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.

Click for details >>


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Embraer-Empresa Brasileira de Aeronautica (ERJ): Free Stock Analysis Report
 
The Boeing Company (BA): Free Stock Analysis Report
 
General Dynamics Corporation (GD): Free Stock Analysis Report
 
Lockheed Martin Corporation (LMT): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_04_21_can_order_growth_drive_lockheed_martin_s Sat, 21 Apr 2018 00:20:00 +0300
<![CDATA[Catalyst Enrolls First Patient in Phase III Firdapse Study]]> Catalyst Pharmaceuticals, Inc. CPRX, enroled the first patient in  its phase III clinical trial (MSK-002) to evaluate the efficacy and safety of Firdapse (amifampridine phosphate) in patients with MuSK antibody positive Myasthenia Gravis (MuSK-MG).

In August 2017, Catalyst announced that it had reached an agreement with the FDA under a Special Protocol Assessment for the protocol design, clinical endpoints, and statistical analysis approach in the phase III trial. Firdapse received Orphan Drug status in the United States for the treatment myasthenia gravis (“MG”).

Shares of the company increased 53% over a year compared with the industry’s gain of 7.9%.

 

Firdapse is being developed for the symptomatic treatment of Lambert-Eaton myasthenic syndrome (“LEMS”). In Apr 2018, the company filed a new drug application (NDA) for Firdapse.

Firdapse is currently approved in the EU for the symptomatic treatment of LEMS in adults. However, the drug is not yet approved in the United States.  In January 2017, it held a Type C meeting with the FDA wherein Catalyst was informed, based on the briefing documents, that the company’s proposed NDA should be sufficient for resubmission. In November 2017, the company announced positive top-line results from its second phase III study of Firdapse in patients with LEMS.

Catalyst obtained in-licensed rights for Firdapse from BioMarin Pharmaceutical BMRN in 2012 for the development and commercialization of the product in the United States. Also, Firdapse enjoys Orphan Drug and Breakthrough Therapy status in the United States for the treatment of LEMS. 

Therefore, approval of Firdapse in these indications will be a huge boost for the company given its commercial potential in the target markets.

 

Zacks Rank and Stocks to Consider

Catalyst carries a Zacks Rank #3 (Hold).

A few better-ranked stocks from the same space worth considering are Ligand Pharmaceuticals LGND and Protagonist Therapeutics PTGX. Both of them sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Ligand’s earnings per share estimates have moved up $3.78 to $4.40 from $4.75 to $5.32 for 2018 and 2019, respectively, over the last 60 days. The company delivered a positive earnings surprise in three of the trailing four quarters, with an average beat of 24.88%. The company’s shares have rallied 60.1% over a year.

Protagonist’s loss estimates narrowed from $1.30 to 66 cents for 2018 and from $1.99 to $1.26 for 2019, over the last 30 days. The company delivered a positive earnings surprise in three of the trailing four quarters, with an average beat of 24.95%.

Wall Street’s Next Amazon

Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.

Click for details >>


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
 
BioMarin Pharmaceutical Inc. (BMRN): Free Stock Analysis Report
 
Ligand Pharmaceuticals Incorporated (LGND): Free Stock Analysis Report
 
Catalyst Pharmaceuticals, Inc. (CPRX): Free Stock Analysis Report
 
Protagonist Therapeutics, Inc. (PTGX): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_04_21_catalyst_enrolls_first_patient_in_phase Sat, 21 Apr 2018 00:14:00 +0300
<![CDATA[Non-Gaming Business to Aid Wynn Resorts' (WYNN) Q1 Earnings]]> Wynn Resorts, Limited WYNN is scheduled to release first-quarter 2018 results on Apr 24, after market close.

The company’s increasing focus on the non-gaming segment to drive revenues is expected to reflect in the to-be-reported quarter’s top line. Also, expansion in the domestic market along with improved tourism conditions are expected to have benefited the quarter’s revenues.

Higher margin contribution from a diversified business segment is expected to have favorably impacted the to-be-reported quarter’s earnings as well.

Meanwhile, the company’s shares have rallied 65% in the past year, outperforming the industry’s gain of 25.4%.


Let’s find out how the company’s results will look like in the first quarter.

Overall Top-Line Growth in the Cards

Wynn Resorts’ riveting growth potential lies in its business model that focuses both on gaming and non-gaming revenues. Also, relentless expansion in both the domestic and international markets, with openings of full-scale integrated resorts, is the key driver for top-line growth.

The company generates a solid share of its revenues from Macau operations. Given the decent visitation pattern in Macau, infrastructure development, and government’s efforts to boost tourism in Macau and non-gaming sources are expected to have boosted revenues in the to-be-reported quarter. The Zacks Consensus Estimate for first-quarter revenues from Macau operations is pegged at $634 million, reflecting an increase of 8% from the year-ago quarter.

Although revenues from the Las Vegas operations in the first quarter are expected to decline 3.4% year over year, an improving tourism industry and overall uplift in consumer discretionary spending are expected to aid the top line.

Nonetheless, the company’s overall top line is expected to have improved in the quarter. The consensus estimate for revenues in the first quarter is pegged at $1.70 billion, reflecting 15.5% year-over-year growth. In 2017, Wynn Resorts’ revenues were up 45.8% from the prior-year quarter and the upside trend is likely to continue.

Strong Margins to Aid Earnings

Wynn Resorts’ focus on the non-gaming business helps the company to consistently improve its margins. In 2017, the company’s Adjusted Property EBITDA margins were up 44.9% year over year. Margin improvement is likely to have continued in the first quarter as well.

Evidently, the consensus estimate for earnings in the first quarter is pegged at $1.95, reflecting 57.3% year-over-year improvement.

Our Quantitative Model Suggests a Beat

According to our quantitative model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) and a positive Earnings ESP has a fair chance of beating estimates. Meanwhile, stocks with a Zacks Rank #4 (Sell) or 5 (Strong Sell) are best avoided.

Wynn Resorts has a Zacks Rank #3 and an Earnings ESP of +0.62%, a combination that increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Wynn Resorts, Limited Price and EPS Surprise

Other Stocks to Consider

Here are a few other stocks from the same industry that are poised for an earnings beat this quarter.

Las Vegas Sands LVS holds a Zacks Rank #3 and has an Earnings ESP of +2.84%. The company is scheduled to report quarterly results on Apr 25. You can see the complete list of today’s Zacks #1 Rank stocks here.

Boyd Gaming BYD carries a Zacks Rank #3 and has an Earnings ESP of +2.44%. The company is expected to report quarterly numbers on May 1.

Red Rock Resorts RRR holds a Zacks Rank #3 and has an Earnings ESP of +1.37%. The company is anticipated to report quarterly results on May 3.

Wall Street’s Next Amazon

Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.

Click for details >>


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
 
Las Vegas Sands Corp. (LVS): Free Stock Analysis Report
 
Wynn Resorts, Limited (WYNN): Free Stock Analysis Report
 
Boyd Gaming Corporation (BYD): Free Stock Analysis Report
 
Red Rock Resorts, Inc. (RRR): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_04_21_non_gaming_business_to_aid_wynn_resorts Sat, 21 Apr 2018 00:09:00 +0300
<![CDATA[SunPower (SPWR) Signs Deal to Acquire SolarWorld Americas]]> In a bid to evolve as the largest U.S. solar panel manufacturer, SunPower Corp. SPWR recently signed an agreement to acquire its long-time competitor SolarWorld Americas. Notably, the acquiree is the largest solar panel manufacturer in the United States.

The terms of the deal have been kept under the wraps and are subject to necessary U.S. and German regulatory approvals, with the acquiree being the American subsidiary of German module manufacturer SolarWorld.

Through this buyout, SunPower aims to ramp up production of its advanced P-Series solar panels by investing into the SolarWorld Americas facility.

Details of the Deal

Per the terms, SunPower will continue to produce and ship SolarWorld Americas' legacy products. Moreover, a portion of the facility will be retrofitted wherein SunPower will manufacture P-Series solar panels. To support this, the acquirer will spend substantially on factory improvements and working capital limits enhancements.

To capitalize on the rising demand for U.S. solar installations, SunPower aims to expand SolarWorld Americas’ operations, following the completion of the deal.

Our View

Solar energy has emerged as one of the most popular and reasonable renewable resources owing to its easy availability and declining price of solar panels. Per an U.S. Energy Information Administration (“EIA”) report, total installed U.S. solar PV capacity is expected to more than double over the next five years and more than 15 GW of PV capacity will be installed annually by 2023. Such projections must have driven SunPower to make this latest buyout agreement to expand its footprint in the U.S. solar industry.

In December 2017, a Republican tax bill was released that preserved key tax credits from the federal spending bill of December 2015, feared of being abolished by the Trump administration. Notably this preservation allowed solar power companies, like SunPower to keep claiming federal investment tax credits at 30% of the price of solar energy systems installed by businesses or homeowners.

Moreover, the growing viability of storage solutions like large-scale batteries will also support the expansion of solar power installations in spite of the solar power industry's growth prospects getting dimmed, following President Donald Trump's decision to slap 30% tariffs on imports of solar modules.

In fact, given this current scenario, the recent buyout deal seems to be a strategic step taken by SunPower, as the takeover will not only reduce its reliance on import of solar modules and panels, but also give the company an access to the huge number of panels and modules manufactured by SolarWorld Americas.

Price Movement

Shares of SunPower have rallied 45.2 % year to date, underperforming the industry’s gain of 86.8%. The underperformance may have been caused by stiff competition from cheaper alternatives like natural gas, given the current shale boom in the United States.



Zacks Rank & Key Picks

SunPower carries a Zacks Rank #3 (Hold).

A few better-ranked stocks from the same sector are Jinko Solar JKS, Consol Energy CEIX and SolarEdge Technologies SEDG. While Jinko Solar and Consol Energy sport a Zacks Rank #1 (Strong Buy), SolarEdge Technologies carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

JinkoSolar’s long-term earnings growth is 10%. The Zacks Consensus Estimate for 2018 earnings has risen by 36 cents to $1.49 in the last 90 days.

Consol Energy recorded an average positive earnings surprise of 68.25% in the last four quarters. The Zacks Consensus Estimate for 2018 earnings has risen by 19 cents to $3.55 in the last 60 days.

SolarEdge Technologies recorded an average positive earnings surprise of 31.93% in the last four quarters. The Zacks Consensus Estimate for 2018 earnings has risen by 72 cents to $2.95 in the last 90 days.

 Wall Street’s Next Amazon

Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.

Click for details >>


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
 
JinkoSolar Holding Company Limited (JKS): Free Stock Analysis Report
 
SunPower Corporation (SPWR): Free Stock Analysis Report
 
SolarEdge Technologies, Inc. (SEDG): Free Stock Analysis Report
 
Consol Energy Inc. (CEIX): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_04_21_sunpower_spwr_signs_deal_to_acquire_so Sat, 21 Apr 2018 00:07:00 +0300
<![CDATA[Positive Revenue Surprises Lag Previous Quarter Levels]]> With results from 87 S&P 500 members already out, we are off to a strong start in Q1 earnings season.

The earnings and revenue growth rates and the proportion of positive earnings surprises are tracking materially above historical periods. Positive revenue surprises aren’t as numerous as we had seen at this stage in the preceding earnings season, but are nevertheless tracking in-line with historical levels.

Estimates for the current period (2018 Q2) haven’t moved much since the Q1 earnings season got underway, but that will likely start showing up this week as move into the heart of the earnings season, with more than 680 companies reporting March quarter results, including 178 S&P 500 members. By the end of this week, we will have seen Q1 results from more than half of the S&P 500 members. With more than 35% S&P 500 members on deck to report results this week, we will have representation from every sector, but the notable ones are below.

Monday, April 23rd: We have 10 index members reporting results today, with Google’s parent Alphabet (GOOGL) as the key report coming after the market’s close. The search giant is expected to earn $9.21 per share on $24.29 billion in revenues, up +9.2% and +20.7% from the year-earlier period, respectively. The revisions trend has been negative, with the current Zacks Consensus EPS of $9.21 down from $9.27 a month back.

The stock has struggled since the weaker than expected results for the preceding period on February 1st, with the stock lagging the broader Tech sector this year. Alphabet shares are up +3% in the year-to-date period vs. +5.6% gain for the sector and +1.3% gain for the S&P 500 index.

Tuesday, April 24th: We have 33 index members on deck to report results this day, with Caterpillar (CAT), Verizon (VZ), Coca Cola (KO) and 3M (MMM) as the notable reports, all in the morning session.

Caterpillar shares have struggled as trade issues have taken center stage, with the stock down -2.1% in the year-to-date period vs. +1.2% gain for the S&P 500 index. The company is expected to earn $2.11 per share on $11.6 billion in revenues, up +64.8% and +17.9% from the year-earlier period, respectively. Estimates have been going up, with the current $2.11 EPS estimate up $2.07 a month back and $1.76 three months back.   

Wednesday, April 25th: A busy day on the reporting front, with 49 index members on deck report quarterly results, including Boeing (BA) in the morning and Facebook (FB) after the market’s close.

Facebook is expected to earn $1.36 per share on $11.5 billion in revenues, up +10.5% and +42.7% from the year-earlier period, respectively. The company’s tally of daily active users will be of as much importance to the market as its top- and bottom-line results. Also important will be engagement level following the Cambridge Analytica scandal and the impact the privacy issue may have on ad revenues. Facebook shares have lagged the Tech sector this year, with the stock down -5.4% in the year-to-date period vs. +5.7% gain for the sector.

Thursday, April 26th: A very busy day, with 68 S&P 500 members reporting March-quarter results, with Amazon (AMZN), Starbucks (SBUX), Microsoft (MSFT) and Intel (INTC) among some of the very major reporters this day.

Amazon is expected to earn $1.19 per share on $50.2 billion in revenues, representing year-over-year change of a decline of -19.6% and gain of +40.4%, respectively. The company has long ‘trained’ the market not to look for earnings performance in its quarterly results, and that will likely be case this time around.

The key factor will be overall revenues and performance of the company’s cloud business, Amazon Web Services (AWS). The stock has been a strong performer this year, up +30.7% in the year-to-date period, though President Trump’s persistent negative tweets continue to be a headline issue.

Friday, April 27th: Exxon (XOM) and Chevron (CVX) are the notable companies of the 16 S&P 500 members reporting results Friday morning. Exxon is expected to earn $1.20 per share on $67.3 billion in revenues, up +26.3% and +6.4% from the year-earlier level, respectively. Both the stocks have made gains in recent days on favorable crude oil momentum, but they remain in negative territory this year (-5% for XOM and -1.4% for CVX).

Q1 Earnings Season Scorecard (as of Friday, April 20th)

Total earnings for the 87 S&P 500 members that have reported results already are up +25% from the same period last year on +10.7% higher revenues, with 82.8% beating EPS estimates and 67.8% beating revenue estimates. The proportion of companies beating both EPS and revenue estimates is 62.1%.

To put these results in a historical context, the charts below compare the results thus far with what we had seen from the same group of 87 index members in other recent periods.

 

As mentioned earlier, earnings and revenue growth rate and the proportion of positive EPS surprises is tracking above what we have been seeing from the same group of 87 index members. But revenue surprises aren’t as widespread as was the case in the preceding earnings season.

In other words, the revenue growth momentum that we have been seeing over the last couple of earnings seasons is still in place, but revenue surprises are tracking below what we had seen in the preceding period and only in-line with the 4-quarter period, as the chart below shows:

Finance Sector Scorecard (as of Friday, April 20th)

We now have Q1 results from 29 of the 98 Finance sector companies in the S&P 500 index. Keep in mind, however, that these 29 companies account for 52.5% of the sector’s total market capitalization in the index.

Total earnings for these 29 Finance companies are up +27.8% from the same period last year on +9.1% higher revenue growth, with 89.7% beating EPS estimates and 51.7% beating revenue estimates. The comparison charts below put the results thus far in a historical context:

 

As you can see in the chart above, the sector’s growth picture is materially tracking above what we have been seeing in recent years, reflecting the combined effect of tax cuts, higher interest rates and more ‘normal’ capital market activity. The right-hand side chart shows that earnings surprises are very numerous, but revenue surprises are on the weak side.

For the quarter as a whole, total Finance sector earnings are expected to be up +27% from the same period last year on +5.4% higher revenues. This would follow +0.6% earnings growth in 2017 Q4 on +4% higher revenues.

The sector’s earnings growth momentum is expected to continue in the coming quarters as well, as the chart below shows:

Please note that the sector’s strong growth in Q1 and beyond isn’t a function of easy comparisons, but actual growth. You can see this in the dollar value of total sector earnings in the chart below:

Expectations for 2018 Q1 as a Whole

Looking at Q1 as a whole, combining the actual results that have come out with estimates for the still-to-come companies, total earnings for the S&P 500 index expected to be up +18.3% from the same period last year on +7.7% higher revenues. This would follow the +13.4% earnings growth on +8.6% revenue growth in the 2017 Q4 earnings season, the best quarterly performance in more than 6 years.

The chart below shows 2018 Q1 earnings growth expectations contrasted with what is expected in the following three quarters and actual results in the preceding 5 quarters. As you can see, the growth pace is expected to accelerate in Q2 and continue in the following quarters:

As you can imagine, expectations for full-year 2018 are for an impressive showing, with total earnings for the S&P 500 index expected to be +18% from the year-earlier level on +5.3% higher revenues. If achieved, this will be the highest annual growth pace for the index since 2010.

The table below shows the summary picture for 2018 Q1, contrasted with what was actually achieved in the preceding period:

As you can see, the Energy sector remains a big growth contributor in Q1, with total earnings for the sector expected to be up +59.6% from the year-earlier period on +15.9% higher revenues. But growth for the quarter would still be in double-digits even on an ex-Energy basis (last row in the table above).

What is driving the strong Q1 growth isn’t the Energy sector, but rather the breadth of growth across all sectors, with double-digit earnings growth for 11 out of the 16 Zacks sectors, including Technology and Finance.

For the Technology sector, total Q1 earnings are expected to be up +20.9% on +11.5% higher revenues, which would follow the sector’s impressive +24.2% earnings growth on +11.1% higher revenue growth.

The Finance sector, which sat out the preceding quarter with an essentially flat showing, total Q1 earnings are expected to be up +27% from the same period last year on +5.4% higher revenues.

Driving the Finance sector’s strong growth in Q1 and beyond is the combined effect of tax cuts, higher interest rates and an improved domestic growth environment. Finance sector’s earnings were only up +1.2% in full-year 2017 and in low single digits in the three years prior to that, but are on expected to be up an impressive +25.5% in full-year 2018.

The Technology sector, on the other hand, has already been on stronger ground, with full-year 2017 earnings for the sector up +15.8% and expected to be up +17.3% in 2018. The enterprise spending environment was expected to improve this year even before the tax cuts, with the tax windfall expected to give a much needed boost to those trends. On top of these we have the existing secular trends in cloud computing, artificial intelligence and big data that are expected to remain growth areas in the space.

Please note that Technology and Finance aren’t just any two sectors out of the 16 in the S&P 500 index; these two sectors combined are the twin pillars of index’s total profitability, bringing in more than 40% of the index’s total earnings this year. The Energy sector’s outlook has improved, but the sector simply lacks the heft of these two. The Energy sector is expected to bring in about 5% of the index’s total earnings this year.

Note: Sheraz Mian manages the Zacks equity research department. He is an acknowledged earnings expert whose commentaries and analyses appear on Zacks.com and in the print and electronic media. His weekly earnings related articles include Earnings Trends and Earnings Preview. He manages the Zacks Top 10 and Focus List portfolios and writes the Weekly Market Analysis article for Zacks Premium subscribers.

Here is a list of the 682 companies including 178 S&P 500 and reporting this week:

 

Company Ticker Current Qtr Year-Ago Qtr Last EPS Surprise % Report Day Time
HALLIBURTON COHAL0.410.0415.22%MondayBTO
ALASKA AIR GRPALK0.111.050.00%MondayBTO
HASBRO INCHAS0.330.4326.37%MondayBTO
KIMBERLY CLARKKMB1.711.571.95%MondayBTO
FIRSTENERGY CPFE0.690.772.90%MondayBTO
BANK OF HAWAIIBOH1.231.20.00%MondayBTO
LENNOX INTL INCLII1.080.91.82%MondayBTO
TCF FINL CORPTCF0.370.25-5.71%MondayBTO
LINCOLN ELECTRCLECO1.090.885.21%MondayBTO
BANK OF MARINBMRC0.930.74-6.98%MondayBTO
INDEP BK MICHIBCP0.360.289.38%MondayBTO
OPUS BANKOPB0.430.24-35.00%MondayBTO
SCORPIO BULKERSSALT-0.03-0.230.00%MondayBTO
AVANGRID INCAGR0.790.730.00%MondayBTO
OLD NATL BCPONB0.290.28-12.00%MondayBTO
TENNANT COTNC0.150.31-2.86%MondayBTO
KONINKLIJKE PHLPHGN/A0.2N/AMondayBTO
ZIONS BANCORPZION0.830.619.59%MondayAMC
CADENCE DESIGNCDNS0.20.257.41%MondayAMC
ALPHABET INC-AGOOGL9.217.73-4.15%MondayAMC
AMERIPRISE FINLAMP3.52.76.54%MondayAMC
WHIRLPOOL CORPWHR2.922.52.24%MondayAMC
TIVITY HEALTHTVTY0.490.4228.13%MondayAMC
COSTAR GRP INCCSGP1.170.88-2.78%MondayAMC
MSA SAFETY INCMSA0.830.5835.00%MondayAMC
CRANE COCR1.271.050.85%MondayAMC
OWENS-ILLINOISOI0.580.581.85%MondayAMC
BERKSHIRE HILLSBHLB0.640.551.75%MondayAMC
WOODWARD INCWWD0.790.6-11.67%MondayAMC
FB FINANCIAL CPFBK0.630.4211.11%MondayAMC
BANK OF NT BUTRNTB0.780.70.00%MondayAMC
SUN CMNTYS INCSUI1.131.10.00%MondayAMC
TD AMERITRADEAMTD0.720.456.86%MondayAMC
BROWN & BROWNBRO0.30.2211.90%MondayAMC
AGREE RLTY CORPADC0.710.652.90%MondayAMC
SLM CORPSLM0.240.210.00%MondayAMC
AMER CAMPUS CTYACC0.640.621.41%MondayAMC
MOELIS & COMC0.670.5420.93%MondayAMC
RUSH ENTRPRS-ARUSHA0.470.3614.55%MondayAMC
CHICAGO BRIDGECBI0.40.242.13%MondayAMC
ENTERPRISE FINLEFSC0.860.591.32%MondayAMC
HELIX EGY SOLUTHLX-0.06-0.110.00%MondayAMC
HEIDRICK & STRGHSII0.320.19-53.13%MondayAMC
EQUITY LIFESTYLELS1.0411.15%MondayAMC
NBT BANCORP INCNBTB0.580.46-5.66%MondayAMC
SIMMONS FIRST ASFNC0.50.357.78%MondayAMC
WSFS FINL CORPWSFS0.740.597.58%MondayAMC
FIRST BK HAM NJFRBA0.250.17-5.26%MondayAMC
SANMINA CORPSANM0.250.7-37.10%MondayAMC
RBB BANCORPRBBN/AN/AN/AMondayAMC
CDN NATL RY COCNI0.80.88-4.08%MondayAMC
HEXCEL CORPHXL0.670.60.00%MondayAMC
BANNER CORPBANR0.760.73-10.13%MondayAMC
INDEP BANK GRPIBTX1.080.84-3.23%MondayAMC
HOMESTREET INCHMST0.280.332.38%MondayAMC
VERITEX HLDGSVBTX0.420.2-25.81%MondayAMC
BARRICK GOLD CPABX0.150.1410.00%MondayAMC
DONEGAL GRP -ADGICA0.020.12-89.74%MondayAMC
CATERPILLAR INCCAT2.111.2822.03%TuesdayBTO
WATERS CORPWAT1.551.462.87%TuesdayBTO
PACCAR INCPCAR1.310.885.36%TuesdayBTO
LILLY ELI & COLLY1.130.985.56%TuesdayBTO
BIOGEN INCBIIB5.935.2-3.31%TuesdayBTO
VERIZON COMMVZ1.110.95-2.27%TuesdayBTO
FIFTH THIRD BKFITB0.480.3810.64%TuesdayBTO
HUNTINGTON BANCHBAN0.280.210.00%TuesdayBTO
MASCOMAS0.490.412.33%TuesdayBTO
CENTENE CORPCNC1.931.123.19%TuesdayBTO
COCA COLA COKO0.460.432.63%TuesdayBTO
LOCKHEED MARTINLMT3.4135.91%TuesdayBTO
SHERWIN WILLIAMSHW3.142.27-7.23%TuesdayBTO
TRAVELERS COSTRV2.692.1650.00%TuesdayBTO
PULTE GROUP ONCPHM0.440.311.19%TuesdayBTO
FREEPT MC COP-BFCX0.580.154.08%TuesdayBTO
CORNING INCGLW0.30.394.26%TuesdayBTO
NEXTERA ENERGYNEE1.751.75-4.58%TuesdayBTO
HARLEY-DAVIDSONHOG1.091.0517.39%TuesdayBTO
UTD TECHS CORPUTX1.511.482.56%TuesdayBTO
3M COMMM2.52.163.45%TuesdayBTO
ALLEGHENY TECHATI0.230.1692.86%TuesdayBTO
STEPAN COSCL1.461.3658.21%TuesdayBTO
SENSATA TECHNOLST0.840.712.35%TuesdayBTO
FNB CORPFNB0.260.230.00%TuesdayBTO
WATSCO INCWSO0.880.67-10.00%TuesdayBTO
NEW ORIENTAL EDEDUN/A0.43N/ATuesdayBTO
VOLVO AB-BVLVLY0.330.26-11.43%TuesdayBTO
WEATHERFORD INTWFT-0.22-0.32-57.14%TuesdayBTO
US SILICA HOLDISLCA0.470.09-7.27%TuesdayBTO
SYNOVUS FINL CPSNV0.780.575.88%TuesdayBTO
JETBLUE AIRWAYSJBLU0.220.25-5.88%TuesdayBTO
POLARIS INDUSPII0.870.750.00%TuesdayBTO
LIBERTY PPTY TRLPT0.630.64.62%TuesdayBTO
MB FINANCL INCMBFI0.630.6-17.19%TuesdayBTO
RESTAURANT BRNDQSR0.560.3615.79%TuesdayBTO
RYDER SYSR0.880.821.48%TuesdayBTO
TECK RESOURCESTECK1.060.88-6.86%TuesdayBTO
ASBURY AUTO GRPABG1.771.5813.12%TuesdayBTO
ASTEC INDS INCASTE0.860.65-6.67%TuesdayBTO
FLAGSTAR BANCPFBC0.520.4611.11%TuesdayBTO
GRAPHIC PKG HLDGPK0.170.14-10.53%TuesdayBTO
CIT GROUPCIT0.960.5420.73%TuesdayBTO
HUBBELL INCHUBB1.381.238.45%TuesdayBTO
FIRST COMW FINLFCF0.240.180.00%TuesdayBTO
PEOPL BNCP-OHIOPEBO0.60.4818.75%TuesdayBTO
SOUTH STATE CPSSB1.291.159.24%TuesdayBTO
POPULAR INCBPOP0.790.8951.16%TuesdayBTO
BANCO SANT-ADSBSBR0.190.16-13.04%TuesdayBTO
INTREPID POTASHIPI0.01-0.15-200.00%TuesdayBTO
UNION BANKSHARSUBSH0.540.441.96%TuesdayBTO
AKZO NOBEL NVAKZOYN/A0.3716.13%TuesdayBTO
AUDIOCODES LTDAUDC0.060.0625.00%TuesdayBTO
CAMDEN NTL CORPCAC0.820.642.90%TuesdayBTO
CYBEROPTICSCYBE-0.03-0.03120.00%TuesdayBTO
MCDERMOTT INTLMDR0.110.08233.33%TuesdayBTO
SAP SESAP0.570.4620.75%TuesdayBTO
KUEHNE&NAGL INTKHNGY0.320.27N/ATuesdayBTO
TELENOR ASA-ADSTELNYN/A0.32N/ATuesdayBTO
WABTECHWAB0.890.840.00%TuesdayBTO
SANTANDER CNSMRSC0.40.4-10.00%TuesdayBTO
NEXTERA EGY PTRNEP0.420.22-26.92%TuesdayBTO
FIRST FOUNDATNFFWM0.260.184.17%TuesdayBTO
TEXAS INSTRSTXN1.110.890.00%TuesdayAMC
ILLUMINA INCILMN1.030.6418.03%TuesdayAMC
CAPITAL ONE FINCOF2.311.75-12.43%TuesdayAMC
EDWARDS LIFESCIEW1.110.944.44%TuesdayAMC
BOSTON PPTYSBXP1.491.48-2.61%TuesdayAMC
EQUITY RESIDENTEQR0.780.742.47%TuesdayAMC
TOTAL SYS SVCTSS0.940.792.67%TuesdayAMC
PACKAGING CORPPKG1.531.273.31%TuesdayAMC
ROBT HALF INTLRHI0.730.623.17%TuesdayAMC
WYNN RESRTS LTDWYNN1.951.242.94%TuesdayAMC
NAVIENT CORPNAVI0.410.362.38%TuesdayAMC
CHUBB LTDCB2.242.4837.23%TuesdayAMC
SUPERVALU INCSVU0.770.9127.08%TuesdayAMC
HFF INC-AHF0.640.59.41%TuesdayAMC
ROCKY BRANDSRCKY0.250.248.00%TuesdayAMC
CHEMICAL FINLCHFC0.920.716.10%TuesdayAMC
DOLBY LAB INC-ADLB0.650.4779.55%TuesdayAMC
MKS INSTRUMENTSMKSI1.991.274.27%TuesdayAMC
STERLING BANCPSTL0.450.312.63%TuesdayAMC
TRUSTMARK CPTRMK0.50.460.00%TuesdayAMC
NATL COMMERCENCOM0.630.4510.42%TuesdayAMC
RENASANT CORPRNST0.690.554.92%TuesdayAMC
SENSIENT TECHSXT0.90.820.00%TuesdayAMC
SUPERIOR ENERGYSPN-0.35-0.59-3.13%TuesdayAMC
HIGHWOODS PPTYSHIW0.820.81.20%TuesdayAMC
SIX FLAGS ENTMTSIX-0.79-0.6325.00%TuesdayAMC
HAWAIIAN HLDGSHA0.821.040.00%TuesdayAMC
HERSHA HOSPTLYHT-0.040.323.08%TuesdayAMC
INPHI CORPIPHI-0.340.2312.50%TuesdayAMC
FIRST MIDWST BKFMBI0.380.34-5.56%TuesdayAMC
TERADYNE INCTER0.420.4435.29%TuesdayAMC
FIRST BUSEY-ABUSE0.520.41-10.87%TuesdayAMC
CARLISLE COS IN CSL 0.93 1.04 18.18% Tuesday AMC IROBOT CORP IRBT 0.53 0.52 107.69% Tuesday AMC UMB FINL CORP UMBF 1.06 0.89 8.60% Tuesday AMC COMMNTY BK SYS CBU 0.72 0.64 2.90% Tuesday AMC FCB FINL HLDGS FCB 0.83 0.64 2.70% Tuesday AMC HANMI FINL CP HAFC 0.54 0.43 0.00% Tuesday AMC MERCURY SYSTEMS MRCY 0.27 0.16 -26.09% Tuesday AMC BLACKSTONE MRTG BXMT 0.58 0.55 7.27% Tuesday AMC CENTERSTATE BNK CSFL 0.4 0.33 2.86% Tuesday AMC MANHATTAN ASOC MANH 0.26 0.4 -4.76% Tuesday AMC MARKEL CORP MKL 8.71 2.82 -22.34% Tuesday AMC UTD CMNTY BK/GA UCBI 0.51 0.39 2.44% Tuesday AMC K12 INC LRN 0.34 0.42 43.48% Tuesday AMC PS BUSINESS PKS PSB 1.5 1.52 -0.65% Tuesday AMC CREE INC CREE -0.15 -0.11 10.00% Tuesday AMC CARRIAGE SVCS-A CSV 0.63 0.45 0.00% Tuesday AMC FLUSHING FINL FFIC 0.45 0.4 -21.43% Tuesday AMC NORTHWESTERN CP NWE 1.18 1.13 -3.92% Tuesday AMC SMARTFINANCIAL SMBK 0.35 0.19 75.00% Tuesday AMC MILLICOM INTL MIICF N/A 0.19 N/A Tuesday AMC TELEKOM AUSTRIA TKAGY N/A 0.21 N/A Tuesday AMC DDR CORP DDR 0.23 0.3 7.69% Tuesday AMC FIRST INDL RLTY FR 0.38 0.36 2.50% Tuesday AMC WEINGARTEN RLTY WRI 0.57 0.61 0.00% Tuesday AMC BERKLEY (WR) CP WRB 0.89 0.7 4.11% Tuesday AMC HORACE MANN EDS HMN 0.55 0.37 16.07% Tuesday AMC AMER MOVIL-ADR AMX 0.5 0.53 -214.29% Tuesday AMC TURKCELL IL-ADR TKC N/A 0.14 N/A Tuesday N/A Masco MAS 0.49 0.41 -1.31% Tuesday N/A ENTERGY CORP ETR 1.3 0.99 80.95% Wednesday BTO LABORATORY CP LH 2.64 2.22 3.38% Wednesday BTO ANTHEM INC ANTM 4.91 4.68 3.20% Wednesday BTO SMITH (AO) CORP AOS 0.58 0.5 7.14% Wednesday BTO BOEING CO BA 2.56 2.01 64.95% Wednesday BTO TE CONNECT-LTD TEL 1.36 1.19 12.00% Wednesday BTO VIACOM INC-B VIAB 0.8 0.79 8.42% Wednesday BTO NORTHROP GRUMMN NOC 3.63 3.63 2.55% Wednesday BTO ROCKWELL AUTOMT ROK 1.8 1.55 12.64% Wednesday BTO BOSTON SCIENTIF BSX 0.31 0.29 0.00% Wednesday BTO COMCAST CORP A CMCSA 0.59 0.53 4.26% Wednesday BTO THERMO FISHER TMO 2.42 2.08 4.89% Wednesday BTO GENL DYNAMICS GD 2.47 2.48 5.49% Wednesday BTO NORFOLK SOUTHRN NSC 1.77 1.48 8.33% Wednesday BTO HESS CORP HES -0.55 -1.07 -12.22% Wednesday BTO INGERSOLL RAND IR 0.62 0.57 0.00% Wednesday BTO FLIR SYSTEMS FLIR 0.43 0.36 3.57% Wednesday BTO NASDAQ INC NDAQ 1.18 1.1 3.96% Wednesday BTO AVERY DENNISON AVY 1.34 1.11 6.40% Wednesday BTO GOODYEAR TIRE GT 0.44 0.74 30.26% Wednesday BTO DTE ENERGY CO DTE 1.88 1.79 2.44% Wednesday BTO AMPHENOL CORP-A APH 0.8 0.71 6.17% Wednesday BTO DR PEPPER SNAPL DPS 1.03 1.01 0.00% Wednesday BTO T ROWE PRICE TROW 1.63 1.18 4.83% Wednesday BTO TWITTER INC TWTR 0.01 -0.05 66.67% Wednesday BTO BOK FINL CORP BOKF 1.52 1.35 -3.73% Wednesday BTO GRACE (WR) NEW GRA 0.71 0.68 2.08% Wednesday BTO LITHIA MOTORS LAD 2.4 1.78 2.38% Wednesday BTO BRINKS CO THE BCO 0.6 0.57 -5.94% Wednesday BTO LAKELAND FINL LKFN 0.7 0.57 0.00% Wednesday BTO UNVL STAINLESS USAP 0.23 -0.11 -100.00% Wednesday BTO WIPRO LTD-ADR WIT 0.07 0.07 0.00% Wednesday BTO METSO CORP -ADR MXCYY N/A 0.06 N/A Wednesday BTO CHECK PT SOFTW CHKP 1.18 1.1 7.25% Wednesday BTO PROSPERITY BCSH PB 1.14 0.99 -1.00% Wednesday BTO INTEGRA LIFESCI IART 0.49 0.39 12.28% Wednesday BTO NEW YORK CMNTY NYCB 0.2 0.21 0.00% Wednesday BTO OWENS CORNING OC 0.96 0.85 7.77% Wednesday BTO RPC INC RES 0.28 0.01 -45.45% Wednesday BTO USG CORP USG 0.41 0.37 29.27% Wednesday BTO TRIVAGO NV ADS TRVG -0.02 0.02 -50.00% Wednesday BTO BANKUNITED INC BKU 0.72 0.57 38.71% Wednesday BTO SCORPIO TANKERS STNG -0.07 -0.07 -75.00% Wednesday BTO EURONAV SA EURN -0.21 0.22 31.25% Wednesday BTO SILGAN HOLDINGS SLGN 0.36 0.31 0.00% Wednesday BTO CENOVUS ENERGY CVE -0.13 -0.04 -450.00% Wednesday BTO PENSKE AUTO GRP PAG 1.12 0.97 1.00% Wednesday BTO TRI POINTE GRP TPH 0.24 0.05 9.38% Wednesday BTO EURONET WORLDWD EEFT 0.68 0.67 0.94% Wednesday BTO HESS MIDSTREAM HESM 0.29 N/A -7.14% Wednesday BTO SILICON LAB INC SLAB 0.53 0.46 1.56% Wednesday BTO NATUS MEDICAL BABY 0.24 0.3 -19.23% Wednesday BTO PEABODY ENERGY BTU 0.77 6.8 14.29% Wednesday BTO CONNECTONE BCP CNOB 0.53 0.37 27.50% Wednesday BTO CENTRAL PAC FIN CPF 0.49 0.42 -7.14% Wednesday BTO EVERCORE INC EVR 1.65 1.13 17.42% Wednesday BTO GAMING AND LEIS GLPI 0.76 0.79 0.00% Wednesday BTO YANDEX NV-A YNDX 0.25 0.14 0.00% Wednesday BTO AVX CORP AVX 0.19 0.2 22.22% Wednesday BTO CHANGYOU.COM CYOU 0.49 0.56 -5.88% Wednesday BTO DASSAULT SY-ADR DASTY 0.63 0.44 14.94% Wednesday BTO FIRSTSERVICE CP FSV 0.28 0.13 13.33% Wednesday BTO SPARK NETWORKS LOV N/A -0.7 -166.67% Wednesday BTO QUINSTREET INC QNST 0.05 0.03 200.00% Wednesday BTO SOGOU INC-ADR SOGO 0.05 N/A 150.00% Wednesday BTO STMICROELECTRON STM 0.27 0.12 17.14% Wednesday BTO SIRIUS XM HLDGS SIRI 0.05 0.04 0.00% Wednesday BTO INDEP REALTY TR IRT 0.18 0.18 -5.26% Wednesday BTO MEDICINES CO MDCO -0.8 -1.44 -47.97% Wednesday BTO MARKETAXESS HLD MKTX 1.22 1.11 1.14% Wednesday BTO MARINE PRODUCTS MPX 0.17 0.15 25.00% Wednesday BTO M/I HOMES INC MHO 0.71 0.55 -13.46% Wednesday BTO ROLLINS INC ROL 0.22 0.17 5.00% Wednesday BTO SOHU.COM INC SOHU -1.42 -1.75 -115.32% Wednesday BTO UNIFI INC UFI 0 0.5 10.26% Wednesday BTO LINE CORP -ADR LN N/A 0.05 N/A Wednesday BTO AXALTA COAT SYS AXTA 0.23 0.26 15.63% Wednesday BTO TUPPERWARE BRND TUP 0.88 1.01 6.00% Wednesday BTO CREDIT SUISSE CS N/A 0.31 N/A Wednesday BTO XILINX INC XLNX 0.68 0.57 20.63% Wednesday AMC UNIVL HLTH SVCS UHS 2.59 2.1 8.70% Wednesday AMC AFLAC INC AFL 0.97 0.83 3.23% Wednesday AMC CITRIX SYS INC CTXS 0.84 0.85 7.30% Wednesday AMC AT&T INC T 0.87 0.74 20.00% Wednesday AMC CHIPOTLE MEXICN CMG 1.53 1.6 1.52% Wednesday AMC VISA INC-A V 1.02 0.86 10.20% Wednesday AMC FACEBOOK INC-A FB 1.36 1.04 12.24% Wednesday AMC EBAY INC EBAY 0.44 0.43 -2.00% Wednesday AMC O REILLY AUTO ORLY 3.59 2.6 4.32% Wednesday AMC RANGE RESOURCES RRC 0.47 0.69 46.67% Wednesday AMC ALIGN TECH INC ALGN 0.98 0.85 23.96% Wednesday AMC F5 NETWORKS INC FFIV 1.73 1.46 17.31% Wednesday AMC DUKE REALTY CP DRE 0.3 0.32 0.00% Wednesday AMC PUBLIC STORAGE PSA 2.46 2.34 1.10% Wednesday AMC UDR INC UDR 0.47 0.45 0.00% Wednesday AMC ADV MICRO DEV AMD 0.06 -0.07 200.00% Wednesday AMC AVALONBAY CMMTY AVB 2.18 2.09 0.00% Wednesday AMC FORD MOTOR CO F 0.41 0.39 -7.14% Wednesday AMC QUALCOMM INC QCOM 0.55 1.2 10.39% Wednesday AMC EVEREST RE LTD RE 5.29 6.29 157.25% Wednesday AMC VARIAN MEDICAL VAR 1.03 0.89 8.16% Wednesday AMC PAYPAL HOLDINGS PYPL 0.41 0.36 5.26% Wednesday AMC CINCINNATI FINL CINF 0.81 0.59 8.14% Wednesday AMC RAYMOND JAS FIN RJF 1.63 1.28 12.59% Wednesday AMC LEMAITRE VASCLR LMAT 0.2 0.16 10.53% Wednesday AMC FARO TECH INC FARO 0.09 -0.09 38.89% Wednesday AMC NETGEAR INC NTGR 0.59 0.55 9.26% Wednesday AMC GRACO INC GGG 0.41 0.35 -5.56% Wednesday AMC LANDSTAR SYSTEM LSTR 1.36 0.77 5.88% Wednesday AMC CORELOGIC INC CLGX 0.33 0.23 2.17% Wednesday AMC MERIT MEDICAL MMSI 0.29 0.28 3.13% Wednesday AMC OIL STATES INTL OIS -0.14 -0.34 21.74% Wednesday AMC ANTERO MIDSTR AMGP 0.11 N/A -62.50% Wednesday AMC SERVICE CORP IN SCI 0.42 0.38 11.11% Wednesday AMC INTERFACE INC A TILE 0.24 0.21 6.67% Wednesday AMC PLEXUS CORP PLXS 0.75 0.84 -6.25% Wednesday AMC METHANEX CORP MEOH 2.08 1.56 42.86% Wednesday AMC MERITAGE HOMES MTH 0.74 0.56 7.20% Wednesday AMC CHEESECAKE FACT CAKE 0.68 0.72 0.00% Wednesday AMC ENSCO PLC ESV -0.25 -0.04 11.54% Wednesday AMC KNIGHT-SWIFT TR KNX 0.4 0.18 33.33% Wednesday AMC ALLEGIANT TRAVL ALGT 3 2.5 52.25% Wednesday AMC ANTERO MIDSTRM AM 0.39 0.35 0.00% Wednesday AMC ANTERO RESOURCE AR 0.28 0.18 137.50% Wednesday AMC GOLDCORP INC GG 0.11 0.2 -9.09% Wednesday AMC KILROY REALTY KRC 0.9 0.81 0.00% Wednesday AMC OCEANEERING INT OII -0.28 -0.04 20.00% Wednesday AMC QEP RESOURCES QEP -0.2 -0.14 2925.00% Wednesday AMC LAS VEGAS SANDS LVS 0.86 0.66 14.29% Wednesday AMC NEW GOLD INC NGD 0.02 0.02 -50.00% Wednesday AMC WASHINGTON REIT WRE 0.45 0.44 0.00% Wednesday AMC COUSIN PROP INC CUZ 0.15 0.17 7.14% Wednesday AMC LEGG MASON INC LM 0.71 0.92 20.24% Wednesday AMC ASGN INC ASGN 0.75 0.61 11.84% Wednesday AMC CADENCE BANCORP CADE 0.45 0.35 5.41% Wednesday AMC KIRBY CORP KEX 0.62 0.51 1.89% Wednesday AMC SERVICENOW INC NOW -0.07 -0.18 -283.33% Wednesday AMC TRINITY INDS IN TRN 0.22 0.3 2.38% Wednesday AMC AXIS CAP HLDGS AXS 1.21 0.59 -4.00% Wednesday AMC KAISER ALUMINUM KALU 1.5 1.52 -3.17% Wednesday AMC MARTIN MIDSTRM MMLP 0.41 0.36 41.18% Wednesday AMC AGNC INVESTMENT AGNC 0.61 0.64 0.00% Wednesday AMC ASPEN TECH INC AZPN 0.47 0.47 15.56% Wednesday AMC BIOTELEMETRY BEAT 0.27 0.16 52.38% Wednesday AMC BRIGGS & STRATT BGG 0.83 0.83 8.70% Wednesday AMC BIOMARIN PHARMA BMRN -0.08 -0.09 -25.00% Wednesday AMC CORE LABS NV CLB 0.57 0.42 0.00% Wednesday AMC EMPIRE STATE RE ESRT 0.19 0.21 0.00% Wednesday AMC PEOPLES UTAH BC PUB 0.48 0.36 13.16% Wednesday AMC BOSTON BEER INC SAM 0.38 0.45 -10.64% Wednesday AMC CHURCHILL DOWNS CHDN 1.08 0.44 -46.77% Wednesday AMC ECHO GLOBAL LOG ECHO 0.19 0.03 107.14% Wednesday AMC FOUR CORNRS PPT FCPT 0.35 0.35 -2.86% Wednesday AMC KNOLL INC KNL 0.34 0.31 -16.28% Wednesday AMC KRATON CORP KRA 0.62 -0.15 -15.19% Wednesday AMC NORTHFIELD BNCP NFBK 0.2 0.15 11.76% Wednesday AMC PCMI INC PCMI 0.25 0.3 -75.47% Wednesday AMC ATN INTL INC ATNI -0.07 0.42 483.33% Wednesday AMC BROOKLINE BC BRKL 0.24 0.19 0.00% Wednesday AMC LIVE OAK BNCSH LOB 0.23 0.17 57.69% Wednesday AMC TERNIUM SA-ADR TX 1.04 1.33 100.00% Wednesday AMC UNIVEST CORP PA UVSP 0.42 0.41 0.00% Wednesday AMC RETAIL OPPURTUN ROIC 0.29 0.28 3.45% Wednesday AMC KITE REALTY GRP KRG 0.49 0.51 0.00% Wednesday AMC FORWARD AIR CRP FWRD 0.57 0.47 4.84% Wednesday AMC AXT INC AXTI 0.06 0.02 0.00% Wednesday AMC CONMED CORP CNMD 0.43 0.38 6.15% Wednesday AMC FIRST INTST MT FIBK 0.69 0.52 -12.31% Wednesday AMC CNO FINL GRP CNO 0.44 0.34 48.78% Wednesday AMC DIGIMARC CORP DMRC -0.79 -0.61 -4.11% Wednesday AMC SEI INVESTMENTS SEIC 0.77 0.55 -4.92% Wednesday AMC ULTRA CLEAN HLD UCTT 0.6 0.47 -1.67% Wednesday AMC WASHINGTN PRIME WPG 0.37 0.42 0.00% Wednesday AMC EMPLOYERS HLDGS EIG 0.5 0.57 89.29% Wednesday AMC SJW CORP SJW 0.19 0.18 4.55% Wednesday AMC PRA HEALTH SCI PRAH 0.77 0.6 4.00% Wednesday AMC COEUR MINING CDE -0.04 0.1 60.00% Wednesday AMC AMERISAFE INC AMSF 0.73 0.71 -16.87% Wednesday AMC FRANKLIN FNL NW FSB 0.66 0.58 -12.70% Wednesday AMC FIBRIA CELULOSE FBR 0.26 0.19 -75.00% Wednesday N/A GLAXOSMITHKLINE GSK 0.7 0.62 4.35% Wednesday N/A NOVOZYMES A/S NVZMY 0.44 0.37 -6.52% Wednesday N/A ALLEGION PLC ALLE 0.84 0.73 18.09% Thursday BTO CME GROUP INC CME 1.85 1.22 1.82% Thursday BTO BAXTER INTL BAX 0.62 0.58 8.47% Thursday BTO RAYTHEON CO RTN 2.1 1.73 0.50% Thursday BTO ALEXION PHARMA ALXN 1.29 1.2 17.43% Thursday BTO BORG WARNER INC BWA 1.03 0.91 4.90% Thursday BTO TIME WARNER INC TWX 1.76 1.66 11.11% Thursday BTO INTL PAPER IP 0.89 0.6 6.72% Thursday BTO XCEL ENERGY INC XEL 0.52 0.47 -2.33% Thursday BTO CMS ENERGY CMS 0.79 0.71 0.00% Thursday BTO D R HORTON INC DHI 0.86 0.6 20.31% Thursday BTO HELMERICH&PAYNE HP -0.06 -0.47 85.71% Thursday BTO TRACTOR SUPPLY TSCO 0.59 0.46 4.60% Thursday BTO UTD PARCEL SRVC UPS 1.54 1.32 1.21% Thursday BTO AMER AIRLINES AAL 0.74 0.61 3.26% Thursday BTO ABBVIE INC ABBV 1.79 1.28 2.78% Thursday BTO HILTON WW HLDG HLT 0.5 0.38 22.73% Thursday BTO LKQ CORP LKQ 0.59 0.49 -2.38% Thursday BTO MARSH &MCLENNAN MMC 1.29 1.08 10.53% Thursday BTO PEPSICO INC PEP 0.92 0.94 0.77% Thursday BTO PARKER HANNIFIN PH 2.62 2.11 4.37% Thursday BTO UNION PAC CORP UNP 1.65 1.32 -0.65% Thursday BTO VALERO ENERGY VLO 0.95 0.68 9.43% Thursday BTO EQT CORP EQT 0.9 0.44 245.45% Thursday BTO ILL TOOL WORKS ITW 1.85 1.54 4.94% Thursday BTO PRAXAIR INC PX 1.56 1.37 2.70% Thursday BTO BRISTOL-MYERS BMY 0.84 0.84 1.49% Thursday BTO GENERAL MOTORS GM 1.22 1.7 23.13% Thursday BTO ALTRIA GROUP MO 0.93 0.73 13.75% Thursday BTO AMER ELEC PWR AEP 1 0.96 4.94% Thursday BTO CONOCOPHILLIPS COP 0.7 -0.02 0.00% Thursday BTO HERSHEY CO/THE HSY 1.41 1.31 -2.83% Thursday BTO NEWMONT MINING NEM 0.33 0.25 0.00% Thursday BTO S&P GLOBAL INC SPGI 1.98 1.62 13.50% Thursday BTO FRANKLIN RESOUR BEN 0.75 0.74 17.33% Thursday BTO MGM RESORTS INT MGM 0.31 0.38 -100.00% Thursday BTO NIELSEN HOLDNGS NLSN 0.44 0.28 -5.33% Thursday BTO ZIMMER BIOMET ZBH 1.87 2.13 0.00% Thursday BTO KIMCO REALTY CO KIM 0.36 0.37 0.00% Thursday BTO SOUTHWEST AIR LUV 0.75 0.61 1.32% Thursday BTO AIR PRODS & CHE APD 1.68 1.43 7.83% Thursday BTO INVESCO LTD IVZ 0.67 0.61 4.29% Thursday BTO IRON MOUNTAIN IRM 0.5 0.48 -7.02% Thursday BTO SCANA CORP SCG 1.44 1.19 3.06% Thursday BTO EMCOR GROUP INC EME 0.85 0.88 31.40% Thursday BTO FTI CONSULTING FCN 0.65 0.34 56.00% Thursday BTO FIAT CHRYSLER FCAU 0.69 0.46 28.13% Thursday BTO H&E EQUIP SVCS HEES 0.21 0.15 83.33% Thursday BTO MARCUS CORP MCS 0.36 0.33 17.95% Thursday BTO SUNCOKE ENERGY SXC 0.03 0.02 27.27% Thursday BTO BRUNSWICK CORP BC 0.95 0.84 -9.00% Thursday BTO OLD DOMINION FL ODFL 1.29 0.8 0.90% Thursday BTO LEAR CORPORATN LEA 4.92 4.27 3.06% Thursday BTO RELIANCE STEEL RS 2.01 1.52 22.00% Thursday BTO AVNET AVT 0.96 0.88 8.33% Thursday BTO COCA-COLA EU PT CCE 0.39 0.33 5.45% Thursday BTO ENTEGRIS INC ENTG 0.42 0.29 10.81% Thursday BTO PATRICK INDS PATK 0.94 0.75 19.18% Thursday BTO MATERION CORP MTRN 0.44 0.29 34.21% Thursday BTO LAZARD LTD LAZ 1.06 0.83 21.74% Thursday BTO MAGELLAN HLTH MGLN 0.93 0.74 14.61% Thursday BTO STATE BANK FINL STBZ 0.48 0.34 7.89% Thursday BTO CVR REFINING LP CVRR 0.12 0.45 -166.67% Thursday BTO SAFEGUARD SCTFC SFE -0.57 -1.08 13.33% Thursday BTO PATTERSON-UTI PTEN -0.09 -0.42 -25.00% Thursday BTO CORESITE REALTY COR 1.23 1.13 3.51% Thursday BTO CULLEN FROST BK CFR 1.49 1.28 5.76% Thursday BTO DOMINOS PIZZA DPZ 1.77 1.26 0.00% Thursday BTO SPIRIT AIRLINES SAVE 0.43 0.51 2.82% Thursday BTO ALLY FINANCIAL ALLY 0.66 0.48 18.64% Thursday BTO BLOOMIN BRANDS BLMN 0.59 0.54 5.13% Thursday BTO EQT MIDSTRM PTR EQM 1.44 1.36 -17.42% Thursday BTO OSHKOSH CORP OSK 1.06 0.76 52.73% Thursday BTO PRECISION DRILL PDS -0.05 -0.06 25.00% Thursday BTO POLYONE CORP POL 0.65 0.59 5.13% Thursday BTO WESCO INTL INC WCC 0.88 0.76 5.10% Thursday BTO AARONS INC AAN 0.95 0.8 20.37% Thursday BTO SCHNEIDER NATL SNDR 0.23 0.15 3.13% Thursday BTO VALERO EGY PTNR VLP 0.67 0.72 -1.39% Thursday BTO GREAT WSTRN BCP GWB 0.7 0.6 14.29% Thursday BTO MARINEMAX INC HZO 0.16 0.11 2400.00% Thursday BTO OAKTREE CAP GRP OAK 0.74 0.86 30.91% Thursday BTO TRIMAS CORP TRS 0.38 0.3 -3.12% Thursday BTO VISTEON CORP VC 1.78 1.73 -5.20% Thursday BTO BEMIS BMS 0.6 0.58 3.28% Thursday BTO CDK GLOBAL INC CDK 0.84 0.65 24.29% Thursday BTO CARTERS INC CRI 0.98 0.97 5.45% Thursday BTO MILACRON HLDGS MCRN 0.39 0.32 20.51% Thursday BTO SPECTRUM BRANDS SPB 1.07 1.19 35.71% Thursday BTO GENTHERM INC THRM 0.61 0.69 15.09% Thursday BTO CARBO CERAMICS CRR -0.64 -1.22 -3.17% Thursday BTO CARPENTER TECH CRS 0.58 0.44 7.84% Thursday BTO GROUP 1 AUTO GPI 1.56 1.53 12.83% Thursday BTO HERITAGE FIN CP HFWA 0.41 0.31 16.67% Thursday BTO INDEPENDC CONTR ICD -0.12 -0.14 -9.09% Thursday BTO IRIDIUM COMMUN IRDM 0.04 0.3 -27.27% Thursday BTO KBR INC KBR 0.26 0.28 -6.67% Thursday BTO SONIC AUTOMOTVE SAH 0.29 0.23 6.33% Thursday BTO SHUTTERSTOCK SSTK 0.21 0.21 -4.35% Thursday BTO VALLEY NATL BCP VLY 0.2 0.17 5.88% Thursday BTO ARCH COAL INC ARCH 4.28 N/A 77.59% Thursday BTO COLUMBIA BK SYS COLB 0.69 0.5 -3.57% Thursday BTO CONSTELLIUM NV CSTM 0.21 0.13 -870.00% Thursday BTO CALIF WATER SVC CWT 0.04 0.02 26.09% Thursday BTO JAKKS PACIFIC JAKK -0.6 -1.01 -454.55% Thursday BTO NOKIA CP-ADR A NOK 0.03 0.03 36.36% Thursday BTO NOVOCURE LTD NVCR -0.13 -0.21 14.29% Thursday BTO SAFETY INC&GROW SAFE 0.28 N/A -143.75% Thursday BTO SUNCOKE ENERGY SXCP 0.3 0.45 -220.90% Thursday BTO MERIDIAN BIOSCI VIVO 0.2 0.22 7.14% Thursday BTO WEST PHARM SVC WST 0.64 0.6 3.23% Thursday BTO APPLD INDL TECH AIT 0.86 0.75 8.45% Thursday BTO ALKERMES INC ALKS N/A -0.31 2100.00% Thursday BTO ANIXTER INTL AXE 1.35 1.09 7.63% Thursday BTO FIRST AMER FINL FAF 0.64 0.5 4.40% Thursday BTO FOMENTO ECO-ADR FMX 0.55 0.49 -75.93% Thursday BTO GNC HOLDINGS GNC 0.19 0.37 4.17% Thursday BTO INTERDIGITL INC IDCC 0.33 0.93 10.74% Thursday BTO MGM GROWTH PPTY MGP 0.52 0.49 -1.89% Thursday BTO ROYAL DTCH SH-A RDS.A 1.22 0.82 1.96% Thursday BTO RICE MIDSTREAM RMP 0.41 0.36 29.73% Thursday BTO TAL EDUCATN-ADR TAL 0.06 0.06 0.00% Thursday BTO ALLEGIANCE BCSH ABTX 0.61 0.45 -3.77% Thursday BTO CBIZ INC CBZ 0.57 0.45 300.00% Thursday BTO CABOT MICROELEC CCMP 1.05 0.76 16.67% Thursday BTO CRA INTL INC CRAI 0.5 0.33 105.88% Thursday BTO HELEN OF TROY HELE 1.32 1.62 14.98% Thursday BTO INTEGRITY GAMNG IGAMF -0.04 -0.03 -50.00% Thursday BTO LANCASTER COLON LANC N/A 0.95 -6.14% Thursday BTO NUSTAR GP HLDGS NSH 0.26 0.39 -41.38% Thursday BTO OLD REP INTL ORI 0.4 0.36 17.86% Thursday BTO PROTO LABS INC PRLB 0.62 0.46 10.42% Thursday BTO UNITIL CORP UTL 0.92 0.88 3.95% Thursday BTO OUTOKUMPO OY OUTKY N/A 0.22 N/A Thursday BTO DUNKIN BRANDS DNKN 0.52 0.54 1.59% Thursday BTO SHIRE PLC-ADR SHPG 3.58 3.63 3.11% Thursday BTO PENN NATL GAMNG PENN 0.39 0.24 -121.05% Thursday BTO RADIAN GRP INC RDN 0.58 0.37 15.91% Thursday BTO FIRSTCASH INC FCFS 0.75 0.68 11.90% Thursday BTO GEO GRP INC/THE GEO 0.43 0.51 34.00% Thursday BTO LENDINGTREE INC TREE 0.75 0.96 -28.77% Thursday BTO ALLIANCEBERNSTN AB 0.67 0.46 27.27% Thursday BTO ARDAGH GROUP SA ARD 0.33 0.31 12.12% Thursday BTO WNS HLDGS-ADR WNS 0.46 0.39 33.33% Thursday BTO RIBBON COMMUN RBBN -0.3 -0.16 -11.11% Thursday BTO LUFTHANSA -ADR DLAKY N/A -0.16 N/A Thursday BTO NOMURA HLDG-ADR NMR N/A 0.15 N/A Thursday BTO EQT GP HOLDINGS EQGP 0.27 0.23 -7.14% Thursday BTO NUSTAR ENERGY NS 1.19 0.49 -100.00% Thursday BTO AMAZON.COM INC AMZN 1.19 1.48 16.76% Thursday AMC WESTERN DIGITAL WDC 2.97 2.07 3.43% Thursday AMC STRYKER CORP SYK 1.6 1.48 0.51% Thursday AMC EASTMAN CHEM CO EMN 2.11 1.83 52.83% Thursday AMC RESMED INC RMD 0.83 0.71 28.21% Thursday AMC VERISIGN INC VRSN 0.95 0.86 0.00% Thursday AMC INTEL CORP INTC 0.71 0.66 25.58% Thursday AMC STARBUCKS CORP SBUX 0.53 0.45 14.04% Thursday AMC NATL OILWELL VR NOV -0.03 -0.17 0.00% Thursday AMC DIGITAL RLTY TR DLR 1.57 1.5 1.97% Thursday AMC SVB FINL GP SIVB 3.13 1.91 11.15% Thursday AMC AMGEN INC AMGN 3.23 3.15 -4.93% Thursday AMC DISCOVER FIN SV DFS 1.79 1.43 1.31% Thursday AMC FORTIVE CORP FTV 0.74 0.6 5.13% Thursday AMC MOHAWK INDS INC MHK 3.01 2.72 2.70% Thursday AMC EXPEDIA INC EXPE -0.85 -0.15 -29.67% Thursday AMC VERTEX PHARM VRTX 0.26 0.13 10.34% Thursday AMC KLA-TENCOR CORP KLAC 1.98 1.62 14.53% Thursday AMC HARTFORD FIN SV HIG 1.1 1 9.46% Thursday AMC MICROSOFT CORP MSFT 0.85 0.73 11.63% Thursday AMC FORTUNE BRD H&S FBHS 0.59 0.53 1.27% Thursday AMC LEGGETT & PLATT LEG 0.61 0.62 -3.28% Thursday AMC PRINCIPAL FINL PFG 1.35 1.27 -13.14% Thursday AMC MATTEL INC MAT -0.37 -0.32 -523.53% Thursday AMC UTD STATES STL X 0.29 -0.83 11.76% Thursday AMC TENARIS SA-ADR TS 0.28 0.19 28.57% Thursday AMC GARDNER DENVER GDI 0.15 N/A 68.29% Thursday AMC ERIE INDEMNITY ERIE 1.14 0.91 5.26% Thursday AMC COLUMBIA SPORTS COLM 0.59 0.51 18.02% Thursday AMC TANDEM DIABETES TNDM -0.59 -7.5 3.91% Thursday AMC BRIGHTCOVE BCOV -0.11 -0.13 77.78% Thursday AMC FIRST HAWAIIAN FHB 0.48 0.41 2.44% Thursday AMC SKYWEST INC SKYW 0.84 0.65 14.08% Thursday AMC ATLANTIC CAP BC ACBI 0.17 0.13 -50.00% Thursday AMC EHEALTH INC EHTH -0.6 1.81 14.40% Thursday AMC USA TRUCK INC USAK 0.1 -0.55 200.00% Thursday AMC DMC GLOBAL INC BOOM 0.22 -0.21 0.00% Thursday AMC CLEARFIELD INC CLFD 0.03 0.07 16.67% Thursday AMC ATHENAHEALTH IN ATHN 0.45 0.1 111.36% Thursday AMC TAUBMAN CENTERS TCO 0.93 0.92 0.98% Thursday AMC MAXIM INTG PDTS MXIM 0.69 0.56 1.56% Thursday AMC SOUTHWESTRN ENE SWN 0.25 0.18 20.00% Thursday AMC BJ'S RESTAURANT BJRI 0.54 0.42 15.63% Thursday AMC CBL&ASSOC PPTYS CBL 0.43 0.52 -3.45% Thursday AMC HUB GROUP INC-A HUBG 0.39 0.34 42.31% Thursday AMC CORP OFFICE PTY OFC 0.49 0.47 0.00% Thursday AMC BOFI HLDG INC BOFI 0.79 0.63 15.09% Thursday AMC FIRST SOLAR INC FSLR -0.05 0.25 21.88% Thursday AMC CUBESMART CUBE 0.39 0.36 0.00% Thursday AMC ENCOMPASS HLTH EHC 0.81 0.7 6.06% Thursday AMC APTARGROUP INC ATR 0.93 0.77 14.08% Thursday AMC BOYD GAMING CP BYD 0.34 0.32 -15.38% Thursday AMC EXTENDED STAY STAY 0.17 0.15 11.76% Thursday AMC VOCERA COMM INC VCRA -0.2 -0.19 1500.00% Thursday AMC CHEGG INC CHGG 0.01 -0.03 50.00% Thursday AMC CYPRESS SEMICON CY 0.17 0.08 22.22% Thursday AMC SPS COMMERCE SPSC 0.2 0.2 -133.33% Thursday AMC ATRICURE INC ATRC -0.26 -0.32 61.90% Thursday AMC CALAMP CORP CAMP 0.23 0.22 12.50% Thursday AMC COVANTA HOLDING CVA -0.21 -0.37 -55.00% Thursday AMC FEDERATED INVST FII 0.66 0.49 3.39% Thursday AMC INVESTORS BANCP ISBC 0.19 0.16 13.33% Thursday AMC KNOWLES CORP KN 0.09 0.08 20.69% Thursday AMC MOBILE IRON INC MOBL -0.15 -0.13 36.36% Thursday AMC NEWPARK RESOUR NR 0.07 -0.01 100.00% Thursday AMC SEACOAST BKNG A SBCF 0.39 0.26 2.78% Thursday AMC TIMKENSTEEL CP TMST 0.07 -0.12 -126.47% Thursday AMC BANCO SANTAN MX BSMX 0.17 0.16 -5.26% Thursday AMC CLOUD PEAK EGY CLD -0.05 -0.3 -1500.00% Thursday AMC COBIZ FINL INC COBZ 0.29 0.2 -7.41% Thursday AMC CYTOKINETCS INC CYTK -0.41 -0.62 -5.63% Thursday AMC DIGI INTL INC DGII 0.01 0.05 -75.00% Thursday AMC ELDORADO GOLD EGO 0 0.01 -66.67% Thursday AMC EXACT SCIENCES EXAS -0.39 -0.32 33.33% Thursday AMC HILLTOP HLDGS HTH 0.32 0.27 4.76% Thursday AMC OCEANFIRST FINL OCFC 0.38 0.4 0.00% Thursday AMC OSI SYSTEMS INC OSIS 0.83 0.85 8.99% Thursday AMC PROS HOLDINGS PRO -0.34 -0.34 3.33% Thursday AMC REINSURANCE GRP RGA 2.45 1.86 -7.80% Thursday AMC AQUANTIA CORP AQ -0.04 N/A -100.00% Thursday AMC BUENAVENTUR-ADR BVN 0.26 0.25 -37.04% Thursday AMC COLUMBIA PPT TR CXP 0.36 0.28 0.00% Thursday AMC ENOVA INTL INC ENVA 0.64 0.41 0.00% Thursday AMC FAIR ISAAC INC FICO 0.97 0.78 73.24% Thursday AMC FLEX LTD FLEX 0.23 0.26 -8.33% Thursday AMC GREEN BANCORP GNBC 0.39 0.19 2.94% Thursday AMC IMPERVA INC IMPV -0.2 -0.29 184.62% Thursday AMC LUTHER BURBANK LBC 0.18 N/A 17.39% Thursday AMC LATTICE SEMICON LSCC 0.03 0.03 -200.00% Thursday AMC MICROSTRATEGY MSTR 0.44 1.28 12.32% Thursday AMC NATL INSTRS CP NATI 0.2 0.14 2.94% Thursday AMC NU SKIN ENTERP NUS 0.68 0.51 2.56% Thursday AMC PEBBLEBROOK HTL PEB 0.65 0.54 13.95% Thursday AMC POWER INTGRATIO POWI 0.41 0.5 30.77% Thursday AMC BANCORP BNK/THE TBBK 0.2 0.11 -9.09% Thursday AMC VIAD CORP VVI -0.53 0.33 13.33% Thursday AMC AMKOR TECH INC AMKR 0.05 -0.04 26.32% Thursday AMC AV HOMES INC AVHI 0.01 0.11 -2.44% Thursday AMC CAPSTAR FIN HLD CSTR 0.24 0.21 0.00% Thursday AMC DIME COMM BNCSH DCOM 0.35 0.3 0.00% Thursday AMC FINANCIAL INST FISI 0.55 0.52 0.00% Thursday AMC FORRESTER RESH FORR -0.03 0.16 -47.62% Thursday AMC GAIN CAP HLDGS GCAP 0.34 -0.39 -11.11% Thursday AMC MATTHEWS INTL-A MATW 0.89 0.84 10.34% Thursday AMC NEVSUN RESOURCS NSU 0.02 0 N/A Thursday AMC OMNICELL INC OMCL -0.04 -0.29 21.74% Thursday AMC ORCHID ISLAND ORC N/A 0.07 18.60% Thursday AMC ROGERS CORP ROG 1.4 1.68 -4.23% Thursday AMC SILICON MOTION SIMO 0.59 0.66 -43.75% Thursday AMC PROOFPOINT INC PFPT -0.32 -0.38 100.00% Thursday AMC AGNICO EAGLE AEM 0.15 0.33 10.53% Thursday AMC ELLIE MAE INC ELLI -0.11 0.03 112.50% Thursday AMC LOGMEIN INC LOGM 0.93 0.62 5.43% Thursday AMC CAI INTL INC CAI 0.84 0.27 19.77% Thursday AMC CURO GROUP HLDG CURO 0.65 N/A 6.45% Thursday AMC ETHAN ALLEN INT ETH 0.11 0.23 3.92% Thursday AMC NATIONAL BK HLD NBHC 0.35 0.3 9.09% Thursday AMC SEATTLE GENETIC SGEN -0.4 -0.42 4.65% Thursday AMC BYLINE BANCORP BY 0.26 N/A 0.00% Thursday AMC WORLD FUEL SVCS INT 0.52 0.45 -58.33% Thursday AMC MIDLAND STATES MSBI 0.45 0.57 -28.81% Thursday AMC GRUPO TELEVISA TV 0.06 0.12 -61.54% Thursday AMC EVRAZ PLC EVRZF N/A N/A N/A Thursday N/A FIRST MERCHANTS FRME 0.7 0.56 0.00% Thursday N/A Leucadia Natl LUK 0.32 0.75 -0.04% Thursday N/A WESTROCK CO WRK 0.83 0.54 16.00% Friday BTO ROCKWELL COLLIN COL 1.75 1.34 3.92% Friday BTO INTERPUBLIC GRP IPG 0.04 0.05 2.60% Friday BTO WEYERHAEUSER CO WY 0.33 0.22 -11.43% Friday BTO SIMON PROPERTY SPG 2.83 2.74 0.00% Friday BTO COLGATE PALMOLI CL 0.73 0.67 0.00% Friday BTO DOVER CORP DOV 1.15 0.7 8.65% Friday BTO LYONDELLBASEL-A LYB 2.8 2.26 8.33% Friday BTO PHILLIPS 66 PSX 0.88 0.56 24.42% Friday BTO VENTAS INC VTR 1.01 1.04 0.00% Friday BTO EXXON MOBIL CRP XOM 1.2 0.95 -16.98% Friday BTO MOODYS CORP MCO 1.78 1.47 4.14% Friday BTO CHEVRON CORP CVX 1.48 1.41 -42.52% Friday BTO CABOT OIL & GAS COG 0.24 0.17 33.33% Friday BTO DOMINION ENERGY D 1.03 0.97 3.41% Friday BTO CHARTER COMM-A CHTR 0.42 0.57 1.18% Friday BTO PNM RESOURCES PNM 0.21 0.28 26.32% Friday BTO MONOTYPE IMAGNG TYPE 0.05 0.05 775.00% Friday BTO SAIA INC SAIA 0.72 0.44 0.00% Friday BTO TENNECO INC TEN 1.67 1.53 15.24% Friday BTO HONDA MOTOR HMC 0.46 0.47 42.31% Friday BTO PHILLIPS 66 PTR PSXP 0.77 0.6 -4.60% Friday BTO WISDOMTREE INV WETF 0.08 0.05 -42.86% Friday BTO AUTOLIV INC ALV 1.82 1.65 16.67% Friday BTO CNH INDUSTRIAL CNHI 0.08 0.04 0.00% Friday BTO TRANSCDA CORP TRP 0.63 0.61 12.07% Friday BTO EMBRAER AIR-ADR ERJ -0.01 0.13 -53.62% Friday BTO GASLOG PARTNERS GLOP 0.49 0.54 7.55% Friday BTO IMPERIAL OIL LT IMO 0.37 0.3 -26.79% Friday BTO BARNES GRP B 0.67 0.71 4.41% Friday BTO NEW RESID INV NRZ 0.56 0.54 12.96% Friday BTO PROVIDNT FIN SV PFS 0.44 0.37 -5.26% Friday BTO ALTRA INDUS MOT AIMC 0.61 0.53 -4.08% Friday BTO CIVISTA BANCSH CIVB 0.46 0.4 37.04% Friday BTO FIRST BNCRP P R FBP 0.09 0.11 116.67% Friday BTO INDUS LOGISTICS ILPT 0.4 N/A N/A Friday BTO SANOFI-AVENTIS SNY 0.74 0.76 -10.14% Friday BTO CAMECO CORP CCJ -0.02 -0.05 24.14% Friday BTO CELESTICA INC CLS 0.16 0.24 -50.00% Friday BTO MCCLATCHY CO-A MNI -2.12 -1.91 -44.44% Friday BTO HILL-ROM HLDGS HRC 1.02 0.88 16.46% Friday BTO PORTLAND GEN EL POR 0.69 0.82 3.08% Friday BTO DOMINION EGY MS DM 0.35 0.37 -13.16% Friday BTO ACERINOX SA ADR ANIOY N/A 0.19 N/A Friday N/A

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http://so-l.ru/news/y/2018_04_21_positive_revenue_surprises_lag_previous Sat, 21 Apr 2018 00:01:00 +0300
<![CDATA[Can Google's 'Other Revenues' Lift Alphabet In Q1?]]> Google parent Alphabet Inc.’s GOOGL first quarter financial results could have an outsized impact on the rest of the tech industry, when it reports on Monday afternoon. This means investors will want to pay close attention, especially considering that some of Alphabet’s newer business units could help drive Q1 growth.

Alphabet’s Q1 earnings are expected to surge by 19.2% to reach $9.21 per share, based on our current Zacks Consensus Estimates. The company’s overall Q1 revenues are projected to pop by 20.7% to hit $24.29 billion. Investors should note that our revenue estimate excludes Google Network Members revenues.

Google’s advertising business is once again expected to account for a large portion of quarterly revenues. But Alphabet has also slowly diversified across different industries, from AI to cloud computing, in order to grow both its top and bottom lines.

Therefore, investors need to know how Alphabet’s newest business units are expected to perform in the first quarter.

To answer this, we can turn to our exclusive non-financial metrics consensus estimate file. The Zacks Consensus NFM file contains detailed estimate data for business segment metrics and non-financial metrics reported by companies. The data is acquired from digest and contributing broker models and includes the independent research of expert stock market analysts.

One of Alphabet's most promising growth catalysts is its “Google other revenues” category, which is made up of the Google Play Store, Google Cloud offerings, and its hardware initiatives. Investors might remember that Alphabet debuted its new line of Google-branded hardware devices, including the Pixel phone and Google Home smart speaker, in 2016. Since then, the company has bolstered this other revenues segment.

With that said, our consensus estimate file is calling for Google other revenues to hit $4.32 billion, which would mark about 39.5% growth from the year-ago period. Last quarter, this unit surged by 37.9% to reach $4.69 billion. Investors should note that the expected sequential downturn is likely due to increased holiday period sales.

It is also worth noting that Google other revenues are separate from Alphabet’s mysterious "Other Bets" unit, which it uses to lump together smaller projects that have yet to generate much revenue.

For more estimates ahead of Alphabet’s Q1 report, check out: 3 Key Estimates for Google's Q1 Earnings Report.

Also, make sure to check back here for our full analysis of Alphabet’s actual results!

Wall Street’s Next Amazon

Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.

Click for details >>


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Zacks Investment Research]]>
http://so-l.ru/news/y/2018_04_20_can_google_s_other_revenues_lift_alpha Fri, 20 Apr 2018 23:56:00 +0300
<![CDATA[What to Expect from United Technologies' (UTX) Q1 Earnings?]]> United Technologies Corporation UTX is scheduled to report first-quarter 2018 results on Apr 24, before the opening bell. The company is likely to report higher revenues in the impending quarterly results, owing to overall favorable macroeconomic environment and strong demand.

United Technologies has a decent earnings surprise history, having trumped estimates in the trailing four quarters for an average beat of 4.1%. In the last reported quarter, the company pulled off a positive surprise of 2.6%.

Let’s see how things are shaping up for this announcement.

Factors to Consider

Revenues of the company are largely affected by spending in the U.S. military and commercial aviation industries. An increase in demand for the company’s products in these industries is expected to favorably impact its financial performance, which will be reflected in the upcoming results.

The Zacks Consensus Estimate for the first quarter of 2018 revenues is pegged at $14,537 million, higher than reported revenues of $13,815 million in the prior-year quarter. Revenues across Otis, Pratt & Whitney and Aerospace Systems segments are expected to increase year over year to $2,875 million, $4,280 million and $3,642 million from $2,804 million, $3,758 million and $3,611 million, respectively. UTC Climate, Controls & Security revenues are expected to come in at $4,087 million, up from $3,892 million in the year-ago quarter.

In September 2017, United Technologies announced its plans to acquire Rockwell Collins, an Iowa-based avionics firm. Post the acquisition, United Technologies is expected to emerge as one of the world’s largest aircraft equipment manufacturers. The acquisition, slated to be completed by the third quarter of 2018, will provide a huge competitive advantage to the company and increase its bargaining power. The resultant operating synergies and lower operating costs will help it create complementary products that will help it serve evolving global customer needs.

The merger is expected to be a huge boost to the company’s revenues and adjusted earnings per share after the first year of combined operations with synergies worth more than $500 million. Although the transaction will not have any direct impact on earnings in the quarter, it is likely to attract similar profitable deals for the company that will augment overall revenues in the quarter.

Separately, the strong aftermarket business that sells spare parts and offers related services to keep the primary products running is likely to record a healthy growth momentum with uptick in the economy. Furthermore, continued focus on four key priorities to fuel its growth momentum, namely flawless execution, innovation for growth, structural cost reduction and disciplined capital allocation is likely to translate to improved performance in the quarter.

United Technologies Corporation Price, Consensus and EPS Surprise

However, the company registered significant margin contraction in fourth-quarter 2017, as rise in operating expenses overshadowed top-line growth. If the operating expenses continue to reflect upward momentum, margins for the quarter under review will be pressurized.

Earnings Whispers

Our proven model does not show that United Technologies is likely to beat estimates in this quarter. This is because a stock needs to have a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or at least 3 (Hold) for this to happen. This is not the case here as you will see below:

Zacks ESP: The company’s Earnings ESP is -0.75%, as the Most Accurate estimate is $1.50 and the Zacks Consensus Estimate is pegged at $1.51. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: United Technologies has a Zacks Rank #4 (Sell).We caution against stocks with a Zacks Rank #4 or 5 (Strong Sell) going into the earnings announcement, especially when the company is seeing negative estimate revisions.

Stocks That Warrant a Look

Here are some companies that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this quarter:

Allegheny Technologies Incorporated ATI has an Earnings ESP of +9.38% and a Zacks Rank of 1. The company is expected to release quarterly numbers around Apr 24. You can see the complete list of today’s Zacks #1 Rank stocks here.

Century Aluminum Company CENX, with Earnings ESP of +29.41% and a Zacks Rank of 1, is slated to report results on Apr 24.

Watsco, Inc. WSO has an Earnings ESP of +3.96% and a Zacks Rank of 2. The company is likely to release earnings on Apr 24.

Wall Street’s Next Amazon

Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.

Click for details >>


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Watsco, Inc. (WSO): Free Stock Analysis Report
 
United Technologies Corporation (UTX): Free Stock Analysis Report
 
Century Aluminum Company (CENX): Free Stock Analysis Report
 
Allegheny Technologies Incorporated (ATI): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_04_20_what_to_expect_from_united_technologies Fri, 20 Apr 2018 23:33:00 +0300
<![CDATA[What's in Store for Japan ETFs]]> Japan’s inflation ticked down in March. Although economists say the slowdown does not indicate a reversal in trend, the reading is still far from the 2% target. The slowdown in March has introduced further uncertainty with regard to when the BOJ might achieve its target and clouded the central bank’s plans on exiting the easy monetary policies.

More into the Numbers

Japan's core inflation, which excludes volatile fresh food prices, hit 0.9% in March compared with 1.0% in the prior month, per data from the Ministry of Internal Affairs and Communications.  It was in line with a forecast by economists polled by Bloomberg. Moreover, the “core-core” measure of inflation, which excludes volatile fresh food and energy prices increased 0.5% year over year in March, in line with the previous month.

"The underlying trend hasn’t changed because inflation excluding fresh food and energy remained the same," per a Bloomberg article citing Maiko Noguchi, a senior economist at Daiwa Securities Co. "I think that’s the measure the BOJ really cares about because the bank can’t achieve 2 percent in a stable manner if it fails to rise from the current 0.5 percent," he added.

The International Monetary Fund also expects consumer prices in Japan to go up. In its World Economic Outlook, the IMF said it expects Japan’s inflation reading to go up to 1.1% this year and the next. Bank of Japan’s easy money policies and Prime Minister Shinzo Abe’s stimulus measures are driving economic growth in Asia’s second largest economy. Moreover, with inflation still far from the target, market pundits do not seem to be convinced about governor Haruhiko Kuroda ending the monetary stimulus anytime soon (read: BoJ Mulling Over a Stimulus Exit: ETFs in Focus).

Global Factors at Play

The recovery in Japan’s economy has been largely driven by a revival in global growth and strong export demand. However, fears of a trade war amid increasing tensions between the United States and China coupled with a rising yen might be drags on the future of Japan’s economy.

A stronger yen is a negative for manufacturers, as it diminishes the appeal of Japanese products to foreigners and leads to a fall in exports. Adding to the agony, increased geopolitical risks related to the missile strike on Syria might increase the appeal of safe haven yen. For instance, CurrencyShares Japanese Yen Trust (FXY) has increased 4.4% so far this year.

Let us now discuss some ETFs focused on providing exposure to Japan (see Asia-Pacific (Developed) ETFs here).

iShares MSCI Japan ETF EWJ

This fund seeks to provide exposure to Japanese equities with a large-cap focus and follows the MSCI Japan index.

The fund has AUM of $21.6 billion and charges a fee of 49 basis points a year. From a sector look, Industrials, Consumer Discretionary and Technology are the top three allocations of the fund, with 21.0%, 20.0% and 12.6% exposure, respectively. Toyota Motor Corp, Mitsubishi UFJ Financial Group and Sony Corp are the top three holdings, with 4.6%, 2.1% and 1.7% exposure, respectively. It has returned 20.9% in a year. EWJ has a Zacks ETF Rank #1 (Strong Buy), with a Medium risk outlook.

First Trust Japan AlphaDEX Fund FJP

This fund seeks to provide exposure to the Japanese equities with a large-cap focus and tracks the NASDAQ AlphaDEX Japan Index.

The fund has AUM of $164.7 million and charges a fee of 80 basis points a year. From a sector look, Industrials, Consumer Discretionary and Materials are the top three allocations of the fund, with 28.6%, 21.2% and 19.9% exposure, respectively. TDK Corporation, CyberAgent, Inc. and Nissan Motor Co., Ltd. are the top three holdings, with 1.9%, 1.8% and 1.8% exposure, respectively. The fund has returned 20.0% in a year. FJP has a Zacks ETF Rank #2 (Buy), with a Medium risk outlook.

iShares JPX-Nikkei 400 ETF JPXN

This fund seeks to provide exposure to Japanese equities with a large-cap focus and tracks the JPX-Nikkei Index 400.

The fund has AUM of $119.0 million and charges a fee of 48 basis points a year. From a sector look, Industrials, Consumer Discretionary and Financials are the top three allocations, with 22.7%, 18.1% and 11.6% exposure, respectively. Honda Motor Ltd, Sony Corp and Keyence Corp are the top three holdings, with 1.7% exposure each. The fund has returned 20.7% in a year. JPXN has a Zacks ETF Rank #2, with a Medium risk outlook.

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ISHARS-JAPAN (EWJ): ETF Research Reports
 
ISHARS-JP NK400 (JPXN): ETF Research Reports
 
FT-JAPAN AD (FJP): ETF Research Reports
 
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Zacks Investment Research
 
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]]>
http://so-l.ru/news/y/2018_04_20_what_s_in_store_for_japan_etfs Fri, 20 Apr 2018 23:12:00 +0300
<![CDATA[What is a Real Earnings Surprise?]]> This may be one of the most important earnings seasons in a long time. That is because stocks have come under pressure after their huge run up to all-time highs. Recently, the major market averages have all retreated close to their 200-day moving averages, threatening to break lower. So, if corporate earnings are better than expected, then it should act as a catalyst propelling stocks back to the highs. On the other hand, if profits fall short, then stocks are likely to experience a nasty correction.

That is the story for the overall market. As for individual stocks, there will be big winners and losers depending on the strength of their reports. This brings to mind one of the most confusing things about earnings season:

Why do some stocks skyrocket on a positive earnings surprise while others fall off a cliff?

In this article we are going to tackle this little understood issue. Better yet, I will share with you two ways to profit from surprises this earnings season. More on that later.


3 Reasons Stocks Can Drop After a Positive Earnings Surprise

1) Estimates vs. Expectations: The standard definition of an earnings surprise is when actual earnings comes in higher than earnings estimates. But those estimates are the "published" numbers from the brokerage analysts. Quite often investors tend to develop their own unique set of expectations that can differ greatly from the Wall Street analysts. If there is too much optimism ahead of the release, then actual earnings will need to be a blowout in order to appease investors' inflated expectations. This is the most common reason why some stocks fall after a "supposed" earnings beat.

2) Quality of Earnings: The highest quality earnings come from having robust revenue growth. This means that the company's products or services are in high demand and should stay that way into the future. However, these days far too much of the earnings being reported is generated from cost cutting and other "accounting gimmickry". The problem with that is that the benefits of these moves don't last. When the market gets a whiff that the earnings are unsustainable, no matter how strong the beat, shares will most likely drop.

More . . .


------------------------------------------------------------------------------------------------------

Stocks to Buy BEFORE They Report Earnings

Next week 832 companies will report earnings. What if you could know in advance which few look to rock Wall Street and pop in price?

Now you can. Zacks' proprietary "ESP" formula predicts positive earnings surprises with unthinkable 81.69% accuracy. This has led to double-digit gains in as little as 1 day.

Your chance for access closes at midnight Sunday, April 22.

See Surprise Stocks Now >>

------------------------------------------------------------------------------------------------------


3) Forward Guidance: Plain and simple, when you buy a stock you are taking an ownership stake. And what owners of companies care about is the stream of future earnings. So if a company beats earnings for the quarter just reported, but warns that future quarters will see lower earnings, then that stock will go down... and go down fast.


2 Ways to Make Money on Earnings Surprises

So now that we have outlined things that can go wrong after an earnings surprise, let's shift gears and talk about something even more important: How to turn a profit from earnings surprises. Here are two ways to go about it.

Good Way: Buy shares in any company that had an earnings surprise and rose the day following the news. These stocks experience what academics call the "Post Earnings Announcement Drift". Studies clearly show that these stocks usually outperform the market over the next 9 months. Conversely, you should sell any stock in your portfolio that misses its earnings numbers as it is likely to underperform the market for the next few quarters. The downside of this approach is that there are literally thousands of stocks to choose from every quarter.

Best Way: Find stocks where the earnings "whispers" tip you off that a big surprise is coming. Buy the shares shortly before the announcement and enjoy quick gains of 10%, 15%, 20% when the earnings surprise is officially reported.

I know what you're thinking. There are no Magic 8-balls for the stock market, so how can this be possible??? But fret not; this isn't a magic show. It’s pure science.

The concept of finding a profitable source of earnings whispers has long been the Holy Grail of stock investing. Many experts have tried and failed to make this work. In fact, we had been researching this for many years.

Early on we found clues that told us stocks more likely to surprise, but not necessarily rise in price. It wasn't until the summer of 2010 that we discovered the right combination of elements. Since refinements were made in 2014, the system has correctly called POSITIVE surprises an unthinkable 81.69% of the time with the vast majority accelerating in price.


Where to Find These Stocks

We can't share all the details of the formula with you, but the system relies on two under-used criteria coming from the brokerage analyst community. These two factors are then layered on top of other time-tested elements such as the Zacks Rank and Zacks Industry Rank to find only the best stocks in the best industries.

If you would like to get in on strong potential profits this earnings season, and are ready to jump quickly on the positive surprises our strategy turns up, then I invite you to look inside Zacks Surprise Trader portfolio.

This is the time to do it. Right now, "Positive Surprise" signals are flashing for 5 companies that are reporting earnings in the next two weeks. Here's the timeline:

• Deadline to get into the portfolio is midnight Sunday, April 22.

• Two stocks are in the portfolio now and three exciting new picks will be posted starting Monday.

• These companies begin reporting earnings on Tuesday.

Don't miss this chance to beat Wall Street to the punch and make the most of the potential price pops. Our signals predict big positive surprises and they're right 81.69% of the time. This has led to double-digit gains in as little as 1 day.

Another reason to look into this right away is that you are also invited to download our just-released "Early Warning Alert" report. It reveals Stocks to Sell BEFORE They Report Earnings in the Coming Week. Our strategy works both ways, and you can use this report to avoid companies that are likely to report negative surprises from April 23 through April 27.

See our Surprise Trader stocks now >>

Wishing you great financial success,

Dave

Dave Bartosiak is Zacks' resident earnings surprise and momentum expert. He selects stocks and delivers daily commentary for our Surprise Trader portfolio.


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
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_04_20_what_is_a_real_earnings_surprise Fri, 20 Apr 2018 22:26:00 +0300
<![CDATA[Reasons for Optimism on Airlines amid Geopolitical Tensions]]>

Fuel costs have been on the rise this year. Mounting tensions in the Middle East and the resultant fears of supplies being disrupted have resulted in a further increase in oil prices.

Despite headwinds like high fuel costs and capacity-related woes, all is not lost for airline stocks. There are still a few factors that make airline stocks attractive from an investment point of view. Let’s delve into the details.

Unit Revenues

The scenario pertaining to unit revenues – a measure of sales relative to capacity for a carrier – is steadily improving for airline stocks. In keeping with this improved scenario, the Atlanta, GA- based Delta Air Lines, Inc. (DAL), which kicked off the Q1 earnings season for airlines on Apr 12, reported a 4.3% increase in passenger revenue per available seat mile (PRASM: a key measure of unit revenues). Total revenues per available seat miles (TRASM: adjusted) also increased 5% (on a year-over-year basis) in the first quarter.

This Zacks Rank #3 (Hold) carrier expects impressive unit revenue growth in the second quarter as well. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Other airline players who will unveil results shortly also projected robust Q1 unit revenues on the back of strong demand for air travel coupled with improving yields. For example, American Airlines Group Inc. (AAL) recently raised its unit revenue guidance and expects TRASM to increase between 3% and 4% year over year in the soon to-be-reported quarter (previous guidance anticipated the metric to grow in the 2-4% band).

Similarly, JetBlue Airways Corp. (JBLU) expects revenue per available seat mile (RASM) to increase approximately 6.1% year over year (previous guidance anticipated the metric to grow in the 3.5-5.5% band). The metric was raised to the tune of 2.5 points owing to the timing of Easter in March.

Additionally, a lower completion factor due to the increase in flight cancellations boosted first-quarter unit revenues to the tune of approximately one point. Lower completion factor implies higher flight cancelations and a reduction in capacity. This, in turn, leads to an increase in unit revenues.

Labor Costs – Less of a Headwind

It is a well-established fact that high labor costs have been limiting bottom-line growth for airlines for quite some time. Even though such costs will remain a hindrance, the good news is that the extent of their increase is expected to decline with time. This is evident from the improved outlook provided by the key sector players with respect to cost per available seat miles (excluding fuel).

For example, American Airlines predicted that year-over-year growth for non-fuel cost per available seat miles (CASM) will be around 3% in the first quarter of 2018 compared with the previous projection that had hinted at a 4% increase.

Similarly, at Spirit Airlines, Inc. (SAVE), non-fuel unit costs are expected to decline approximately 5% in the soon-to-be reported quarter. The projection is better than the earlier view which had called for a 3% decline. Better operational performance contributed to the improved view.

Bullish Readings

The global traffic data for February, released by the International Air Transport Association (“IATA”) raises optimism. Load factor (percentage of seats filled by passengers) touched record levels of 80.4% in February. The upside was due to the fact that traffic growth (7.6%) outpaced capacity expansion (6.3%) for the month. The favorable load factor reading highlights the fact that demand for air travel is strong.

With growth in demand outpacing capacity expansion, the scenario bodes well for airline yields. Moreover, demand for air freight across the globe witnessed substantial growth (6.8%) in February.

Furthermore, the bullish projection pertaining to spring air travel by the Airlines for America (‘A4A’) — a premier trade organization — augments the fact that demand for air travel is strong, thus supporting the bullish case for airlines. According to the forecast, approximately 151 million passengers are anticipated to opt for air travel in the spring period (Mar 1-Apr 30). In fact, spring of 2018 is expected to be the busiest of all times for American carriers. The forecast is of 2.47 million fliers per day during the period, up 94,000 a day from the comparable year-ago figure.

Additionally, according to the Air Travel Consumer Report unveiled by the U.S. Department of Transportation for January, most U.S. carriers were more punctual in reaching their destinations compared with the year-ago figure. Moreover, the findings suggest that fliers were pleased as the number of complaints decreased during the month on a year-over-year basis.

Per the report, 79.6% flights operated by U.S. carriers touched down on time. This represents a marked improvement from the comparable figure of 76% in January 2017.

Improvement in the U.S. economy bodes well for travel-focused stocks like airlines. With consumer confidence remaining strong, more and more Americans are taking vacations. Further, affordable ticket prices are also favorable for consumers, who are being aided by a much-improved job market and rising disposable income.    

Other Tailwinds

Financial prosperity of airline players is reflected by the fact that they indulge in shareholder-friendly (dividends/buybacks) and employee-friendly (profit sharing) activities. Additionally, the robust financial health of most domestic carriers has prompted them to invest substantially in improving the flying experience for travelers, in a bid to stay afloat in the competitive airline space. For example, in a bid to modernize its fleet further, United Continental Holdings, Inc. (UAL) announced in February the addition of Boeing 737 MAX 9 planes to its portfolio.

Their financial health of airline players is likely to improve further with the advent of the new tax law (Tax Cuts and Jobs Act). Consequently, an uptick in the shareholder/employee-friendly measures is very much in the cards in the airline space.

Additionally, Latin American carriers like GOL Linhas Aéreas Inteligentes S.A. (GOL) are seeing better times, buoyed by an improved economy. The bullish factors surrounding airlines have prompted iconic investor Warren Buffett to show keen interest in airlines, which he earlier used to steer clear of.

Buffett, the world’s third richest man, has stakes in Delta, American Airlines, United Continental and Southwest Airlines Co. (LUV). Naturally, the interest shown in the space by one of the most revered investors of all times bodes well for this sector.

To Wrap Up

The above commentary clearly suggests that despite headwinds, there exist enough reasons to be bullish about the industry’s prospects. Its solid fundamentals, suggested by its financial strength, highlight the fact that the sector should be able to overcome the current headwinds and fly high in the long run.

Check out our latest Airline Industry Outlook for more news on the current state of affairs in this market from an earnings perspective, and how the trend looks ahead for this important sector at the moment.

Can Hackers Put Money INTO Your Portfolio?

Earlier this year, credit bureau Equifax announced a massive data breach affecting 2 out of every 3 Americans. The cybersecurity industry is expanding quickly in response to this and similar events. But some stocks are better investments than others.

Zacks has just released Cybersecurity! An Investor’s Guide to help Zacks.com readers make the most of the $170 billion per year investment opportunity created by hackers and other threats. It reveals 4 stocks worth looking into right away.

Download the new report now>>


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United Continental Holdings, Inc. (UAL): Free Stock Analysis Report
 
Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report
 
Southwest Airlines Co. (LUV): Free Stock Analysis Report
 
JetBlue Airways Corporation (JBLU): Free Stock Analysis Report
 
Gol Linhas Aereas Inteligentes S.A. (GOL): Free Stock Analysis Report
 
Delta Air Lines, Inc. (DAL): Free Stock Analysis Report
 
American Airlines Group Inc. (AAL): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_04_20_reasons_for_optimism_on_airlines_amid_ge Fri, 20 Apr 2018 22:25:00 +0300
<![CDATA[Will Google's Ad Business Drive Q1 Growth?]]> Shares of Google parent Alphabet Inc. GOOGL opened lower on Friday, just one trading day before the company is set to report its first-quarter financial results. This could signal that investors are worried Alphabet will underwhelm on Monday afternoon, which means now might be time to dive deeper into the company’s current estimates to see what to expect.

Alphabet has seen its stock price sink over 7% in the last 12 weeks. The company’s decline can be attributed to the overall market downturn along with worries that Google’s search business might eventually face government oversight after Facebook’s FB data scandal grabbed Congressional attention.

Google grew into a tech powerhouse based mostly on its domination of the internet search engine industry. Today, Google is one of multiple subsidiaries of Alphabet. But while the company’s other business units, including its Google Play Store and Google Cloud offerings, have helped to diversify the company, Google’s search business is still far and away Alphabet’s primary revenue driver.

Furthermore, any fears that possible government intervention might harm Google’s search business are much more long-term. Therefore, Alphabet is likely to keep on expanding both its top and bottom lines until there is real reason to believe otherwise.

Q1 Outlook

Alphabet’s Q1 earnings are expected to climb by 19.2% to reach $9.21 per share, based on our current Zacks Consensus Estimates. Meanwhile, Alphabet’s overall Q1 revenues are projected to pop by 20.7% to hit $24.29 billion. Investors should note that our revenue estimate excludes Google Network Members revenues.

With that said, earnings and revenue are just two of the many things investors might look for when Alphabet reports after the closing bell on Monday, April 23. Investors will also want to see how the company’s specific units are expected to perform, and its advertising business is clearly still the most important.  

Luckily, we can turn to our exclusive non-financial metrics consensus estimate file to give investors a better understanding of how Google’s vitally important ad business is expected to perform in the first quarter.

The Zacks Consensus NFM file contains detailed estimate data for business segment metrics and non-financial metrics reported by companies. The data is acquired from digest and contributing broker models and includes the independent research of expert stock market analysts.

Google’s ad revenues are projected to surge by roughly 20.5% in the first quarter to hit $25.79 billion. Last quarter, Alphabet’s advertising revenues climbed roughly 21.6% to hit $27.23 billion, accounting for roughly 85% of total Q4 revenues. Investors should note that a strong holiday season is likely the cause of this expected sequential downturn.

For more estimates ahead of Alphabet’s Q1 report, check out: 3 Key Estimates for Google's Q1 Earnings Report.

Also make sure to check back here for our full analysis of Alphabet’s actual results on Monday, April 23!

Wall Street’s Next Amazon

Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.

Click for details >>


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Facebook, Inc. (FB): Free Stock Analysis Report
 
Alphabet Inc. (GOOGL): Free Stock Analysis Report
 
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Zacks Investment Research]]>
http://so-l.ru/news/y/2018_04_20_will_google_s_ad_business_drive_q1_growt Fri, 20 Apr 2018 22:16:00 +0300
<![CDATA[Forget Bitcoin, Consider Blockchain ETFs]]>

  • (0:45) - What Is Blockchain Technology?
  • (3:50) - Reality Shares Nasdaq NexGen Economy ETF: BLCN
  • (8:30) -  Blockchain Hype: Screening Out Fly By Night Stocks
  • (11:00) - International and Sector Exposure
  • (17:35) - Current Performance of BLCN
  • (20:10) - Takeaways on Blockchain: Podcast@Zacks.com

In this episode of ETF Spotlight, I talked with Eric Ervin, President and CEO at Reality Shares. Earlier this year, Reality Shares launched a blockchain ETF-- the Reality Shares Nasdaq NexGen Economy ETF BLCN.

Blockchain is the technology that underpins bitcoin and other cryptocurrencies. After reaching record highs above $19,000 in December, bitcoin is now trading at around $8,000.

While bitcoin is notorious for its extreme volatility, even bitcoin’s harshest critics recognize the extraordinary potential of the blockchain.

The technology is still very new and its full potential is not yet known but many experts say it could change the global economy.

Not surprisingly, investors are very excited about companies that are poised to benefit from the blockchain revolution.

Eric explained the blockchain technology and its transformative potential. He compared blockchain to the internet in early days and added blockchain is going to do for assets what the internet did for information.

We then discussed the BLCN ETF. The fund has 65 holdings as of now which are weighted using a proprietary “Blockchain Score” designed to identify the companies that may benefit most from blockchain technology.

Additionally, there is a committee of experts that analyzes and includes companies that are genuinely developing and using these technologies and screens out fly-by-night blockchain companies.

Please make sure to listen to the podcast for very useful information about the blockchain technology and if you want to learn more about this ETF, please visit Reality Shares.

And please visit the ETF sectionof Zacks.Com for more information on this ETF and other ETFs.

Please make sure to tune in for our next podcast. If you have any comments or question, please email podcast@zacks.com

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International Business Machines Corporation (IBM): Free Stock Analysis Report
 
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NVIDIA Corporation (NVDA): Free Stock Analysis Report
 
REALT-NDQ NEXGN (BLCN): ETF Research Reports
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_04_20_forget_bitcoin_consider_blockchain_etfs Fri, 20 Apr 2018 22:08:00 +0300
<![CDATA[ETFs in Focus Post Phillip Morris' Downbeat Earnings]]> Philip Morris International Inc. PM reported disappointing quarterly results in the first quarter of 2018. It registered a 13.7% year-over-year increase in quarterly revenues to $6.896 billion in the quarter from $6.064 billion a year ago.

It failed to beat the Zacks Consensus Estimate for sales but surpassed earnings estimates. Moreover, the share price took a massive hit owing to the poor performance of its cigarettes segment. The stock lost 15.6% at market close on Apr 19. Increased regulation and poor demand, owing to health concerns, weighed on the company’s performance.

Q1 Results in Focus

Philip Morris reported non-GAAP earnings per share of $1.00, surpassing the Zacks Consensus Estimate of 88 cents. However, the company’s revenues of $6.896 billion (excluding excise taxes) fell short of the Zacks Consensus Estimate of $7.024 billion. Excluding favorable currency impact, annual revenues grew 8.3% in the year.

The tobacco company reported operating income of $2.426 billion, down 2.7% year over year (excluding a favorable currency impact of $76 million).

Shipment Volume

The company’s total shipment volume came in at 173.846 billion units, down 5.3% from the first-quarter 2017 figure of 177.987 billion units. Although higher shipment volume of cigarettes in South and Southeast Asia was a positive, overall shipment volume of cigarettes declined 5.3% to 164.280 billion units in the quarter. However, some respite came in the form of an increase in shipment volume in heated tobacco units, which increased to 9.566 billion units from 4.435 billion units in the prior-year quarter.

Outlook

Philip Morris expects full-year 2018 diluted earnings per share in the range of $5.25-$5.40. This reflects a 35-39% increase from the 2017 EPS figure of $3.88. Excluding favorable currency impact, the company expects adjusted EPS growth of 8-11% in the period.

In the current scenario, we believe it is prudent to discuss the following ETFs that have a relatively high exposure to Philip Morris.

Consumer Staples Select Sector SPDR Fund XLP

This fund offers exposure to the Consumer Staples sector of the United States. It has AUM of $7.56 billion and charges a fee of 13 basis points a year. From a sector look, Beverages, Food & Staples Retailing and Household Products have the highest exposure to the fund, with 25.6%, 22.6% and 19.7% allocation, respectively. It has a 7.9% exposure to Philip Morris. The fund has lost 7.1% in a year and 9.2% year to date. XLP has a Zacks ETF Rank #3 (Hold), with a Medium risk outlook.

Vanguard Consumer Staples ETF VDC

This fund is one of the most popular funds in the Consumer Staples sector of the United States. It has AUM of $3.8 billion and charges a fee of 10 basis points a year. From a sector look, Soft drinks, Household products and Packaged Foods & Meats have the highest exposure to the fund, with 19.4%, 18.5% and 16.7% allocation, respectively. It has a 7.8% exposure to Philip Morris. The fund has lost 6.3% in a year and 8.2% year to date. VDC has a Zacks ETF Rank #3, with a Medium risk outlook.

Fidelity MSCI Consumer Staples Index ETF FSTA

This fund offers exposure to the Consumer Staples sector of the United States at a very low expense ratio. It has AUM of $269.7 million and charges a fee of 8 basis points a year. From a sector look, Beverages, Food & Staples Retailing and Food products have the highest exposure to the fund, with 23.8%, 22.3% and 17.9% allocation, respectively. It has an 8.4% exposure to Philip Morris. The fund has lost 6.8% in a year and 9.0% year to date. FSTA has a Zacks ETF Rank # (Sell), with a Medium risk outlook.

Given below is a chart for comparing the one-year performance of the funds and Philip Morris.

 

Source: Yahoo Finance

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SPDR-CONS STPL (XLP): ETF Research Reports
 
VIPERS-CONS STA (VDC): ETF Research Reports
 
FID-STAPLES (FSTA): ETF Research Reports
 
Philip Morris International Inc. (PM): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research
 
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]]>
http://so-l.ru/news/y/2018_04_20_etfs_in_focus_post_phillip_morris_downb Fri, 20 Apr 2018 22:05:00 +0300
<![CDATA[Top Analyst Reports for Goldman Sachs, Abbott & Altria]]> Friday, April 20, 2018

The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Goldman Sachs (GS), Abbott Labs (ABT) and Altria (MO). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.

You can see all of today’s research reports here >>>

Strong Buy-ranked Goldman Sachs’ shares have gained +5% in the past six months, underperforming the +13.1% gain of the Zacks Investment Banking industry. However, the company boasts an impressive earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in all the trailing four quarters.

The company’s first-quarter 2018 results witnessed top-line strength. Strong trading activities on high volatility supported the bottom-line numbers. Though regulatory issues are concerns, the Zacks analyst thinks the company’s well-diversified business and focus to capitalize on growth opportunities through strategic moves will continue to strengthen the overall business.

Its cost-control measures are commendable. Additionally, the company’s steady capital-deployment activities have boosted investors' confidence.

(You can read the full research report on Goldman Sachs here >>>).

Shares of Buy-ranked Abbott Labs have gained +6.8% over the last six months, outperforming the Zacks Medical Products industry, which has gained +2.8% over the same period. Post a better-than-expected result by Abbott in the first quarter 2018; the Zacks analyst is upbeat about the strong and consistent EPD and Medical Devices performance by the company. Also, solid contributions from Diagnostics and Nutrition business are encouraging.

Within Structural Heart, strong uptake of MitraClip therapy post the national reimbursement approval in Japan also buoys optimism. Abbott continues to benefit from a strong integration synergy of St. Jude Medical. Abbott’s Alere buyout is another positive. Synergies from this consolidation in the form of revenues from Rapid Diagnostics have been driving the company’s growth.

Meanwhile, the company’s emerging market performance has been extremely promising on several strategic developments. On the flip side, sluggish pediatric vascular business in the United States continues to dent growth.

(You can read the full research report on Abbott here >>>).

Altria’s shares have outperformed the Zacks Tobacco industry in the last three months (-18.9% vs. -21.8%), aided by expansion in the smokeless products category. Rising health consciousness and stern government regulations to curb tobacco consumption has been hurting cigarette volumes and denting Altria’s top line for quite some time. Also, the likelihood of these concerns lingering is evident from investors' bearish stance on the stock. Moreover, Altria's Wine category remains sluggish due to stiff competition.

Nevertheless, Altria has been progressing well with expansion in the smokeless products category. This fueled its smokeless product revenue in fourth-quarter 2017, wherein earnings kept its stellar year-over-year growth trend intact. Results were backed by solid pricing, higher OCI and lower tax rates.

Investments in key growth areas, efforts to lift Marlboro’s share and expected gains from tax reforms led to a robust earnings view. However, estimates have dropped lately ahead of Altria's earnings release.

(You can read the full research report on Altria here >>>).

Other noteworthy reports we are featuring today include PayPal (PYPL), Kinder Morgan (KMI) and Progressive Corp (PGR).

Wall Street’s Next Amazon

Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.

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Mark Vickery

Senior Editor

Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>

Today's Must Read
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Alkermes (ALKS) Boasts Strong Pipeline amid Stiff Competition

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Kinder Morgan (KMI) Grows on Fee-Based Contracts, Debt High

Kinder Morgan generates majority of its cash flow from stable fee-based contracts. However, the Zacks Analyst believes that weak balance and Trans Mountain Expansion Project is an overhang.

Intermodal Unit Buoys J.B. Hunt (JBHT) Amid High Costs

The Zacks analyst likes the company's efforts to reward shareholders. Robust intermodal revenues are encouraging too.

Growth in Steel Demand to Aid Companhia Siderurgica (SID)

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Revenue Growth Aids Acadia Healthcare (ACHC), High Debt Ails

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Investments and Growth Projects Aid CenterPoint Energy (CNP)

Per the Zacks analyst, CenterPoint Energy's robust investment plans through 2018-2022 should enable the company to achieve its targets.

Increasing Premiums Continue to Aid Progressive (PGR)

Per the Zacks analyst, competitive market rates and a compelling multi-product portfolio will continue to fuel premium growth for Progressive.

New Upgrades

Electronic Brokerage Focus Aids Interactive Brokers (IBKR)

The Zacks analyst believes that Interactive Brokers' increased focus on strengthening Electronic Brokerage segment and restructuring efforts will go a long way in supporting its profitability.

GEAR Up Initiatives Support Comerica's (CMA) Financials

Per the Zacks analyst, Comerica's focus on driving long-term efficiency through GEAR Up initiatives is encouraging. Also, rising interest rates and lower tax rates will further support its financials.

Revenue Growth & Diversification Aids Northern Trust (NTRS)

Per the Zacks analyst, focus on initiating new business against the backdrop of macroeconomic headwinds should bolster Northern Trust's revenues. Moreover, its diversified products are a tailwind.

New Downgrades

Margin Impact of EFCO Acquisition & Tariffs Ail Apogee (APOG)

Per the Zacks analyst, Apogee's results will be hurt by lower margins from EFCO acquisition. Further, recent tariffs on aluminum and steel prices remain a headwind for the company.

Rising Raw Material & Labor Costs Mar NVR's (NVR) Prospects

Rising raw material costs as well as labor costs may dampen NVR's growth prospects. Again, high mortgage rates may dilute the demand for new homes, per the Zacks analyst.

PayPal (PYPL) Hurt By eBay Partnership Discontinuation

Per the Zacks analyst, PayPal's revenue is likely to hurt by eBay's selection of Adyen as its new primary payment processor and ending its long term partnership with PayPal.


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PayPal Holdings, Inc. (PYPL): Free Stock Analysis Report
 
The Progressive Corporation (PGR): Free Stock Analysis Report
 
Altria Group, Inc. (MO): Free Stock Analysis Report
 
Kinder Morgan, Inc. (KMI): Free Stock Analysis Report
 
The Goldman Sachs Group, Inc. (GS): Free Stock Analysis Report
 
Abbott Laboratories (ABT): Free Stock Analysis Report
 
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http://so-l.ru/news/y/2018_04_20_top_analyst_reports_for_goldman_sachs_a Fri, 20 Apr 2018 21:51:00 +0300