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2 Bank Stocks to Buy With $1,000 and Hold Forever
fool.com· 2024-05-16 09:30
These two bank stocks are very different. One offers compelling value, while the other is a growth superstar.Warren Buffett is a big fan of bank stocks. His holding company, Berkshire Hathaway, has several major investments that are directly exposed to the financial sector.Two of Buffett's positions are particularly attractive right now. One bank is a deep value play, while the other offers compelling long-term growth potential.This bank stock is trading at a deep discountBank stocks can see their valuation ...
Time to Pounce: 2 Beaten-Down Ultra-High-Yield Dividend Stocks That Are Historically Cheap and Begging to Be Bought Right Now
fool.com· 2024-05-16 09:21
Despite tumbling by more than 40%, these time-tested income stocks -- sporting an average yield of 7.57% -- are ripe for the picking by opportunistic investors.One of the greatest aspects about putting your money to work on Wall Street is there are countless ways to grow your wealth. Regardless of your risk tolerance or investment focus, there are thousands of individual companies and/or exchange-traded funds (ETFs) that can meet your criteria.But among this endless sea of possible investment strategies, on ...
Is Now the Time to Buy 3 of the S&P 500's Worst-Performing Stocks?
fool.com· 2024-05-16 09:15
Summary of Key Points Core Viewpoint - The article highlights three S&P 500 stocks that have experienced significant declines this year, attracting the attention of bargain hunters. These stocks are Walgreens Boots Alliance, Boeing, and Intel, each facing unique challenges that have contributed to their poor performance. Group 1: Walgreens Boots Alliance - Walgreens Boots Alliance has seen a nearly 31% decline year-to-date and has lost two-thirds of its value over the past five years [2] - The company struggles with growth and has razor-thin margins, making profitability difficult [2] - A dividend cut was implemented to strengthen its financial position, and there are rumors of asset sales, including its Boots U.K. pharmacies [2] - The company incurred an operating loss of over $2 billion in the trailing 12 months, indicating ongoing challenges [3] Group 2: Boeing - Boeing's stock is down nearly 31% year-to-date, with safety concerns surrounding its planes contributing to its struggles [4] - The company has faced multiple issues, including the grounding of the Boeing 737 Max and recent incidents involving missing bolts on aircraft [4] - Trust in Boeing's ability to deliver quality planes is a significant concern, and management changes are anticipated [4] - Financially, Boeing has incurred operating losses in three of the past four quarters, with a revenue decline of 8% to $16.6 billion in the first quarter of 2024 [5] Group 3: Intel - Intel is the worst-performing stock in the S&P 500, down 38% year-to-date, despite positioning itself as a key player in next-gen chipmaking [6] - The company's foundry revenue declined by 10% year-over-year to $4.4 billion, with a loss of $2.5 billion in that segment [6] - There is skepticism among investors regarding Intel's ability to compete in the chip market, but government support of up to $8.5 billion in grants and $11 billion in loans may provide a potential upside [7]
Costco Stock Just Hit an All-Time High. It's Now More Expensive Than Nvidia According to This Key Metric.
fool.com· 2024-05-16 09:15
Costco's customer-first focus has proven a winning model for shareholders.Few large companies have embodied the resilience of brick-and-mortar retail amid the transition to the digital age quite like Costco Wholesale (COST 1.18%), which hit an all-time high on May 10.The stock is up a mind-numbing 576% over the last decade. It is now the third-most-valuable U.S. consumer staples company behind Walmart (WMT -0.05%) and Procter & Gamble, and ahead of giants like Coca-Cola and PepsiCo.Costco has done an excell ...
Move Over, Walmart and Chipotle: Wall Street Has a New Stock-Split Stock
fool.com· 2024-05-16 08:06
A stellar company is set to join an exclusive club of top-tier businesses that have somewhat recently conducted a forward-stock split.Volatility is something that's inescapable for investors on Wall Street. With the exception of 2024, we've witnessed the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite seesaw between bear and bull markets in successive years since this decade began.During bouts of heightened volatility and uncertainty, professional and everyday investors typically turn their atte ...
Monday.com's Strong Q1 2024 Results
fool.com· 2024-05-15 23:28
Core Insights - Monday.com exceeded management's earnings and revenue expectations for Q1 2024, showcasing impressive revenue growth and product adoption [1] - The company reported significant financial metrics, including a 34% year-over-year revenue increase [7] Financial Performance - Revenue for Q1 2024 was $216.9 million, surpassing management's guidance by $5.9 million [2] - Non-GAAP operating income reached $21.5 million, exceeding the expected range by $9.5 million [2] - Free cash flow was $89.9 million, significantly above the anticipated $56 million to $60 million target [2] - Year-over-year revenue growth was 34%, with free cash flow increasing by 132% from $38.7 million in Q1 2023 [3][7] Business Overview - Monday.com offers a flexible Work OS that can be tailored for various applications, including marketing, CRM, project management, and software development [4] - The company has introduced new products like the Monday Sales CRM and Monday Dev, which have seen rapid market acceptance [5] User Growth - There was an 18% increase in customers with 10+ users and a 48% rise in customers with annual recurring revenue (ARR) over $50,000 [6] - Clients with ARR above $100,000 surged by 55% [6] Strategic Initiatives - The company updated its pricing model and introduced new services, enhancing customer value and positively impacting financial performance [8] - Despite ongoing GAAP operating losses, the improved financial figures indicate a move toward enhanced profitability [8] Future Guidance - For Q2 2024, Monday.com forecasts revenue between $226 million and $230 million, implying 29% to 31% year-over-year growth [10] - For the full year 2024, the expected revenue range is $942 million to $948 million, representing approximately 30% growth [11]