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SoundHound AI (SOUN) Moves 9.2% Higher: Will This Strength Last?
ZACKS· 2025-07-01 13:46
Group 1 - SoundHound AI, Inc. (SOUN) shares increased by 9.2% to $10.73, following a period of 2.8% loss over the past four weeks, indicating a significant trading volume [1][2] - The recent stock rally is attributed to investor enthusiasm driven by the overall rise in artificial intelligence stocks and confidence in the company's voice-AI capabilities, particularly in automotive and restaurant sectors [2] - The company is expected to report a quarterly loss of $0.06 per share, which is a 45.5% improvement year-over-year, with revenues projected at $33.03 million, reflecting a 145.4% increase from the previous year [3] Group 2 - The consensus EPS estimate for SoundHound AI has remained unchanged over the last 30 days, suggesting that stock price movements may not sustain without earnings estimate revisions [4] - SoundHound AI holds a Zacks Rank of 3 (Hold), indicating a neutral outlook compared to other stocks in the same industry [5] - Amdocs, a peer in the Computers - IT Services industry, has a Zacks Rank of 4 (Sell) and reported a slight increase of 0.3% in its stock price, contrasting with its -0.8% return over the past month [5][6]
Climb Global (CLMB) Soars 3.5%: Is Further Upside Left in the Stock?
ZACKS· 2025-07-01 13:46
Company Overview - Climb Global Solutions (CLMB) shares increased by 3.5% to close at $106.91, following a notable trading volume that exceeded typical levels, contrasting with a 6.2% loss over the past four weeks [1][2] - The company is experiencing organic growth in both the United States and Europe, indicating strong partner relationships and advancements in technology offerings [2] Financial Performance - Climb Global is expected to report quarterly earnings of $0.90 per share, reflecting an 8.4% year-over-year increase, with revenues projected at $113.25 million, a 23% rise from the same quarter last year [2] - The consensus EPS estimate for Climb Global has remained unchanged over the last 30 days, suggesting stability in earnings expectations [4] Market Position - Climb Global holds a Zacks Rank of 3 (Hold), indicating a neutral outlook in the market [5] - The company is part of the Zacks Technology Services industry, alongside MediaAlpha, Inc. (MAX), which also holds a Zacks Rank of 3 and has shown a 6% return over the past month [5][6]
Crush the Market With These 4 PEG-Efficient Value Stocks
ZACKS· 2025-07-01 13:46
Core Insights - In times of market volatility, investors often prefer value investing, seizing opportunities to buy undervalued stocks as others sell at lower prices [1][2] Value Investment Strategy - Value investing can lead to "value traps" where stocks underperform due to persistent issues rather than temporary problems [3] - Key metrics for identifying value stocks include dividend yield, P/E ratio, and P/B ratio [3] Importance of PEG Ratio - The PEG ratio, defined as (Price/Earnings)/Earnings Growth Rate, is a crucial metric for assessing a stock's intrinsic value [4][5] - A low PEG ratio is favorable for value investors, but it has limitations, such as not accounting for changing growth rates [5] Screening Criteria for Value Stocks - Effective screening criteria for value stocks include a PEG ratio less than the industry median, a P/E ratio below the industry median, Zacks Rank 1 or 2, market capitalization over $1 billion, average 20-day volume greater than 50,000, and upward earnings estimate revisions greater than 5% [6] Selected Stocks - Carnival Corporation (CCL) has a five-year growth rate of 28.5% and a Zacks Rank 2 with a Value Score of A [7][9] - Harmony Gold Mining (HMY) shows a long-term historical growth rate of 73.4%, a Zacks Rank 1, and a Value Score of B [7][10][11] - Dollar Tree (DLTR) has a five-year expected growth rate of 6.7% and a Zacks Rank 2 with a Value Score of B [7][12][13] - Greif, Inc. (GEF) has a long-term expected earnings growth rate of 9.9%, a Value Score of A, and a Zacks Rank of 1 [7][14]
SoFi Technologies (SOFI) Surges 6.0%: Is This an Indication of Further Gains?
ZACKS· 2025-07-01 13:46
Company Overview - SoFi Technologies, Inc. (SOFI) shares increased by 6% to $18.21 in the last trading session, with a notable trading volume and a total gain of 29.2% over the past four weeks, driven by strong member and product growth, particularly in the SoFi Money business [1] Earnings Expectations - The company is projected to report quarterly earnings of $0.06 per share, reflecting a year-over-year increase of 500%, with revenues expected to reach $803.09 million, a 34.5% rise from the same quarter last year [2] - The consensus EPS estimate for SoFi has been revised 5% higher in the last 30 days, indicating a positive trend that typically correlates with price appreciation [3] Industry Context - SoFi Technologies is categorized under the Zacks Financial - Miscellaneous Services industry, which includes Atlanticus Holdings Corporation (ATLC), another company in the same sector that saw a 2.2% increase in its stock price, closing at $54.75, and has returned 9.2% over the past month [4]
Noble Starts Drilling Operations for Malampaya Phase 4 Project
ZACKS· 2025-07-01 13:41
Key Takeaways NE has started drilling at the Malampaya-Camago field using its Noble Viking drillship. The contract includes three wells with an option for a fourth, starting with Bagong Pag-Asa-1. The MP4 project aims to extend field life and reduce the Philippines' reliance on energy imports.Noble Corporation plc (NE) , a leading offshore drilling contractor, has begun its drilling campaign at the Malampaya-Camago field offshore the Philippines. In 2024, Noble’s drillship, the Noble Viking, secured a con ...
TotalEnergies Expands Suriname Presence With 25% Stake in Block 53
ZACKS· 2025-07-01 13:41
Key Takeaways TotalEnergies acquired a 25% interest in Block 53 offshore Suriname from Moeve, joining APA and Petronas. The deal adds to TTE's GranMorgu project, a $10.5B low-emission venture with 750M barrels of resources. TTE will utilize the GranMorgu infrastructure for production increase and the development of new resources.TotalEnergies SE (TTE) announced that it has signed an agreement to acquire the 25% interest held by Moeve (formerly CEPSA) in Block 53, offshore Suriname. Together with Petronas, ...
L.B. Foster Increases Borrowing Capacity & Extends Maturity Date
ZACKS· 2025-07-01 13:35
Key Takeaways FSTR extends its revolving credit facility maturity date to June 27, 2030, with improved terms. The amendment raises FSTR's borrowing capacity to $150 million and lowers overall finance costs. FSTR gains more financial flexibility to support growth in Rail Technologies and Precast Concrete platforms.L.B. Foster Company (FSTR) has announced that it entered into a Fifth Amended and Restated Credit Agreement, which includes several key enhancements. This includes, among other things, extending ...
4 Discretionary Stocks to Buy as Consumer Sentiment Rebounds
ZACKS· 2025-07-01 13:31
Key Takeaways Consumer sentiment surged 16.3% in June, its first rise in six months. FUBO, CCL, LOPE, and TILE are Zacks Rank #2 stocks with strong earnings growth and improving estimates. Markets are rallying on easing trade and geopolitical tensions, plus hopes for a Fed rate cut soon.Wall Street is on a rally, with the S&P 500 and the Nasdaq hitting new all-time highs as trade worries and geopolitical tensions have eased. Also, optimism surrounding a rate cut by the Federal Reserve in the coming weeks ...
Phibro Animal Health Stock Up 52.8% in a Year: What's Driving the Rise?
ZACKS· 2025-07-01 13:15
Key Takeaways Phibro shares jumped 52.8% in a year, outperforming both the industry and S&P 500 composite indexes. PAHC's Animal Health sales rose 42% in fiscal Q3, led by 68% growth in MFAs and microbial product demand. Phibro expanded globally with a new Brazil vaccine site and Zoetis acquisition, adding 37 product lines.Phibro Animal Health (PAHC) shares have climbed 52.8% in a year, showcasing impressive momentum. The stock has outpaced the industry’s 14.3% growth and the S&P 500 composite’s 11.7% gai ...
Liberty Energy Stock Plunges 41% in Six Months: Time to Hold or Sell?
ZACKS· 2025-07-01 13:15
Key Takeaways LBRT's net income dropped 75% YoY in Q1 2025, signaling mounting profitability concerns. High CapEx, tariff risks, and oil price volatility are pressuring LBRT's margins and cash flow. LBRT's expansion into power systems remains unproven, adding execution risks amid market headwinds.Liberty Energy Inc.’s (LBRT) shares have plunged 40.9% over the past six months. This decline not only contrasts with the broader oil and energy sector's 3.6% gain but also significantly undercuts the 10.2% drop ...