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3 Oversold Stocks to Buy on the Dip: July 2024
Investor Place· 2024-07-25 10:06
Core Viewpoint - Many investors are increasingly using options trading to manage risk and returns, with the Relative Strength Indicator (RSI) being a key tool for identifying oversold stocks [1][2]. Group 1: Air Products & Chemicals (APD) - Air Products & Chemicals has delivered a total return of 23.67% over the past five years, including a dividend yield of 2.83% [3]. - The company is focusing on investments in green hydrogen, having signed a 15-year contract with TotalEnergies to supply 70,000 tons of green hydrogen annually starting in 2030 [4]. - Air Products is also planning to build a $4 billion green hydrogen plant in Texas and is recognized as the world's leading provider of patented LNG technology and equipment [4]. Group 2: Celsius (CELH) - Celsius manufactures a low-calorie line of energy drinks and has seen significant stock growth since 2020, aided by a distribution agreement with PepsiCo [6]. - Following an oversupply announcement from PepsiCo, CELH stock dropped 33% in the last three months, with an RSI around 25, indicating it is oversold [6]. - Analysts project a 29% increase in earnings over the next 12 months, with a consensus price target of $78.65, suggesting a potential 63% gain from the current stock price [6]. Group 3: Cameco (CCJ) - Cameco, the largest publicly traded uranium company, has an RSI of around 40, down from 66 in early June, correlating with a drop in uranium spot prices [7]. - Despite the decline, uranium prices remain high compared to levels not seen since 2008, with a growing recognition of nuclear energy as a clean renewable energy source [7]. - CCJ stock has shown a total return of 370.25% over the last five years, with earnings expected to grow by over 85% in the next 12 months, indicating significant upside potential [8].
7 Dividend Aristocrats Set to Dominate the Next Decade: July 2024
Investor Place· 2024-07-24 19:00
Dividend aristocrats are stocks with at least 25 years of consecutive annual dividend growth. These "regal" dividend stocks are often considered some of the highest-quality long-term stocks to buy and hold. Yet, perception and reality don't necessarily match. Even when measuring them by total returns, or price appreciation and dividends, many of these names have underperformed relative to the broad market. More importantly, there are "dividend aristocrats," not to mention "dividend kings." The latter have o ...
What's in Store for Materials ETFs in Q2 Earnings?
ZACKS· 2024-07-23 16:01
The materials sector, which tends to be the most sensitive to global economic growth expectations, has been performing well this year, given a resilient U.S. economy. The popular ETFs — Materials Select Sector SPDR (XLB) , Vanguard Materials ETF (VAW) , iShares U.S. Basic Materials ETF (IYM) and Fidelity MSCI Materials Index ETF (FMAT) — have gained 1.7%, 1.8%, 0.6% and 1.8%, respectively, over the past three months.Going into the Q2 earnings season, earnings releases from the sector giants will determine t ...
3 Hydrogen Stocks to Bet on for Market-Crushing Returns
Investor Place· 2024-07-23 10:04
Hydrogen energy remains a compelling alternative energy source, especially as we remain in an environment with elevated energy costs. There are a few ways to generate energy from hydrogen. For example, one way is less environmentally friendly and leverages the process of developing natural gas, which leaves a hydrogen byproduct that companies can use to make “blue” hydrogen. Green hydrogen solely relies on electrolysis – the splitting of hydrogen atoms from water – to create the potent energy source.Hydroge ...
Air Products & Chemicals Makes Notable Cross Below Critical Average
Forbes· 2024-07-22 16:29
Forbes Community GuidelinesOur community is about connecting people through open and thoughtful conversations. We want our readers to share their views and exchange ideas and facts in a safe space.In order to do so, please follow the posting rules in our site's Terms of Service.  We've summarized some of those key rules below. Simply put, keep it civil.Your post will be rejected if we notice that it seems to contain:False or intentionally out-of-context or misleading informationSpamInsults, profanity, incoh ...
Air Products' Chairman, President and CEO Seifi Ghasemi Announces Formation of Senior Management Board
Prnewswire· 2024-07-22 11:00
Core Insights - Air Products has formed a Management Board to execute its two-pillar growth strategy focused on optimizing its core industrial gases business and advancing clean hydrogen initiatives [1] - The company reported fiscal 2023 sales of $12.6 billion and has a market capitalization exceeding $50 billion [3] Management Board Formation - The Management Board is led by Chairman, President, and CEO Seifi Ghasemi, with members from various global regions and functions [1] - Key members include Ivo Bols (President, Europe & Africa), Ahmed Hababou (President, Middle East and India), and Melissa Schaeffer (Senior Vice President and Chief Financial Officer) [1] Business Overview - Air Products operates in over 50 countries and serves multiple industries including refining, chemicals, metals, electronics, manufacturing, and food [2] - The company is a leader in clean hydrogen projects and liquefied natural gas process technology [2] Employee Commitment - The company employs approximately 23,000 individuals who are dedicated to creating innovative solutions for environmental sustainability [3]
If You Can Only Buy One Hydrogen Stock in July, It Better Be One of These 3 Names
Investor Place· 2024-07-18 17:58
Crisis will eventually lead to opportunity for hydrogen stocks.Unfortunately, at the moment, the industry is still waiting to see if the Biden administration will lift the restrictive rules behind 45V. And while many are losing patience over the fix, 13 U.S. senators just sent a letter to Treasury Secretary Janet Yellen to revise 45V rules or risk having them challenged in court. “Unless revised according to the suggestions below, the proposed guidance will undermine our shared goal of creating an enduring ...
Air Products (APD) to Build & Operate New Air Separation Units
ZACKS· 2024-07-18 11:15
Air Products & Chemicals Inc. (APD) has announced two projects to improve the sustainability, productivity and operational flexibility of its base industrial gas business, as well as a continued commitment to the merchant industrial gas market. APD will build two new air separation units (ASU) at its current Conyers, GA and Reidsville, NC, facilities. The new ASUs will replace older ones, increase capacity at the locations and are expected to be operational in 2026.Conyers and Reidsville have very appealing ...
Air Products to Build, Own and Operate Two New Air Separation Units at its Facilities in Georgia and North Carolina
Prnewswire· 2024-07-17 14:00
New ASUs to Improve Productivity, Offer Sustainability Efficiencies and Operational Flexibility for Established and Growing Merchant Market LEHIGH VALLEY, Pa., July 17, 2024 /PRNewswire/ -- Air Products (NYSE: APD), a world-leading industrial gases company, today announced two projects to enhance the sustainability, productivity, and operational flexibility of its base industrial gas business, as well as continuing commitment to the merchant industrial gas market. Air Products will construct two new air sep ...
Air Products Appoints Eric Guter Vice President, Investor Relations
Prnewswire· 2024-07-16 20:30
LEHIGH VALLEY, Pa., July 16, 2024 /PRNewswire/ -- Air Products (NYSE:APD) today announced that Eric Guter will assume the role of Vice President, Investor Relations effective September 30, 2024 succeeding Sidd Manjeshwar who will be leaving the Company to pursue other opportunities.The two will work closely together over the coming months to ensure a smooth and seamless transition of the Company's Investor Relations responsibilities. Guter will report to Melissa Schaeffer, Air Products' Chief Financial Offi ...