Many highly successful stock pickers, including Warren Buffett, often buy stocks on weakness. That’s largely because companies that are great or are on their way to greatness often sink for reasons that are not at all justified. For example, on Feb. 21, Super Micro Computer (NASDAQ:SMCI) dropped to as low as $817.08 per share. Many investors wrung their hands about the stock’s valuation, even though it was not expensive, along with the firm’s decision to sell more shares of its stock. Of course, the latter ...

Group 1 - American Superconductor (AMSC) is currently ranked 7 in the Zacks Sector Rank within the Computer and Technology group, which consists of 622 companies [1] - AMSC has a Zacks Rank of 2 (Buy), indicating a positive earnings outlook based on earnings estimates and revisions [2] - Over the past 90 days, the Zacks Consensus Estimate for AMSC's full-year earnings has increased by 35.1%, reflecting stronger analyst sentiment [2] Group 2 - AMSC has achieved a year-to-date return of 26.1%, significantly outperforming the average gain of 10.1% in the Computer and Technology sector [2] - AMSC belongs to the Electronics - Miscellaneous Components industry, which includes 32 stocks and is currently ranked 168 in the Zacks Industry Rank [3] - The Electronics - Miscellaneous Components industry has an average year-to-date gain of 0.6%, indicating AMSC's superior performance [3] Group 3 - Airbnb, Inc. (ABNB) is another notable stock in the Computer and Technology sector, with a year-to-date return of 18% [2] - ABNB has a Zacks Rank of 2 (Buy), with a consensus EPS estimate increase of 5% over the past three months [3] - ABNB belongs to the Internet - Content industry, which has a current rank of 76 and has gained 11.7% so far this year [3]

In 2024, the US economy is demonstrating remarkable strength and resilience. With a robust labor market and signs of sustained consumer spending, economists are increasingly optimistic about economic growth. Despite challenges such as inflation concerns and shifting U.S. Federal Reserve policies, the market remains buoyant, reflecting confidence in the economy’s ability to navigate these changes and continue on a positive trajectory.Renewable energy stocks enjoy an established presence in the market but are ...

When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done.Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate rev ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

Group 1 - Madison Square Garden Entertainment Corp. (MSGE) has seen a 7.3% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - The AZEK Company Inc. (AZEK) has experienced a 15.6% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Xerox Holdings Corporation (XRX) has reported a 16.4% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - American Superconductor Corporation (AMSC) has seen a significant 55.6% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Sensus Healthcare, Inc. (SRTS) has experienced a 14.3% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2]

Group 1: Meta Platforms, Inc. (META) - Meta Platforms has a Zacks Rank of 1 and its current year earnings estimate increased by 9% over the last 60 days [1] - The company's shares rose by 42.2% over the last three months, outperforming the S&P 500's 12.5% increase [1] - Meta possesses a Momentum Score of A [1] Group 2: American Superconductor Corporation (AMSC) - American Superconductor has a Zacks Rank of 1 and its current year earnings estimate increased by 55.6% over the last 60 days [1] - The company's shares gained 30.3% over the last three months, also outperforming the S&P 500's 12.5% increase [1] - American Superconductor possesses a Momentum Score of A [1] Group 3: The Clorox Company (CLX) - The Clorox Company has a Zacks Rank of 1 and its current year earnings estimate increased by 14.9% over the last 60 days [2] - The company's shares increased by 17.3% over the last three months, compared to the S&P 500's 12.5% advance [2] - Clorox possesses a Momentum Score of B [2]

American Superconductor (AMSC) closed the last trading session at $10.59, gaining 3.6% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $13.33 indicates a 25.9% upside potential.The average comprises three short-term price targets ranging from a low of $9 to a high of $16, with a standard deviation of $3.79. While the lowest estimate indicates a decline of 15% from the current price ...

Group 1 - American Superconductor Corporation (AMSC) has seen a 55.6% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Meta Platforms, Inc. (META) has experienced a 9% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - The Clorox Company (CLX) has recorded a 14.9% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - ImmunoPrecise Antibodies Ltd. (IPA) has seen an 8.6% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Kemper Corporation (KMPR) has experienced a 14.9% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2]

Core Viewpoint - American Superconductor Corporation (AMSC) has announced a public offering of 5,400,000 shares of its common stock priced at $11.25 per share, expecting gross proceeds of $60,750,000 before expenses [1] Group 1: Offering Details - The offering consists of 5,400,000 shares priced at $11.25 each, with expected gross proceeds of $60,750,000 [1] - AMSC plans to use the net proceeds for working capital and general corporate purposes [1] - Underwriters have a 30-day option to purchase up to 810,000 additional shares [1] - The offering is expected to close around February 2, 2024, subject to customary conditions [1] Group 2: Underwriters and Regulatory Filings - Oppenheimer & Co. Inc. is the sole book-running manager for the offering, with Craig-Hallum Capital Group LLC and Roth Capital Partners, LLC as co-managers [2] - A shelf registration statement for the shares has been filed with the SEC and is effective [2] - A preliminary prospectus supplement and accompanying prospectus have been filed with the SEC, with a final prospectus supplement to follow [3]