Subscribers to Chart of the Week received this commentary on Sunday, May 19.The past few weeks for investors have been rewarding, with the broader market offering up weekly wins across the board last Friday. The Dow Jones Industrial Average (DJI) marked its best week of 2024, rattled off its longest win streak (eight days) since July 2023, and this past Thursday topped 40,000 for the first time ever. The Dow’s outstanding month meant several impressive profits for Schaeffer’s subscribers, including two blue ...

The stock market provides discerning investors with the opportunity to build wealth. Growth stocks set to surge represent companies expected to expand their earnings and revenue faster than their industry or the overall market. These companies often reinvest their profits into developing new products and services or growth through acquisitions. Growth stocks are often associated with higher volatility but promise substantial returns. As 2024 unfolds, there exists a unique class of growth stocks that show st ...

Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Amphenol (APH) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.Amphenol is one of 619 companies in the Computer and Technology group. The Computer and Technology group currently sits at #7 within the Zacks Sector ...

Have you assessed how the international operations of Amphenol (APH) performed in the quarter ended March 2024? For this maker of fiber-optic products, possessing an expansive global footprint, parsing the trends of international revenues could be critical to gauge its financial resilience and growth prospects.In the modern, closely-knit global economic landscape, the capacity of a business to access foreign markets is often a key determinant of its financial well-being and growth path. Investors now place ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With 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 that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | |------------------------------------------------------------------------------|-------------------------------------------------------------------| | | For ...

Financial Data and Key Metrics Changes - The company reported Q1 2024 sales of $3,256 million, a 9% increase in U.S. dollars and a 10% increase in local currencies compared to Q1 2023, with a 6% organic growth [4][5] - Adjusted diluted EPS for Q1 2024 was $0.80, up 16% from $0.69 in Q1 2023, while GAAP diluted EPS was $0.87, reflecting a 23% increase [7] - Operating cash flow was $599 million, representing 120% of adjusted net income, and free cash flow was $506 million, or 101% of adjusted net income [7][8] - The book-to-bill ratio for the quarter was 1.03:1, with orders amounting to $3,348 million, a 16% increase year-over-year and a 66% increase sequentially [5][13] Business Segment Data and Key Metrics Changes - Harsh Environment Solutions segment sales were $916 million, up 7% in U.S. dollars and 3% organically, with an operating margin of 26.7% [6] - Communications Solutions segment sales reached $1,266 million, a 12% increase in U.S. dollars and 11% organically, with an operating margin of 22.6% [6] - Interconnect and Sensor Systems segment sales were $1,075 million, an 8% increase in U.S. dollars and 2% organically, with an operating margin of 18.2% [6] Market Data and Key Metrics Changes - The defense market represented 11% of sales, growing 13% in U.S. dollars and 11% organically [17] - The commercial aerospace market saw a 20% increase in sales, driven by broad-based strength across aircraft applications [18] - The industrial market represented 25% of sales, with a 1% decline in U.S. dollars and a 10% decline organically [20] - The automotive market grew 18% in U.S. dollars and 17% organically, representing 24% of sales [22] - The mobile devices market was flat year-over-year in U.S. dollars but grew 2% organically, representing 8% of sales [23] - The IT datacom market grew 29% in U.S. dollars and 28% organically, driven by demand for AI-related products [25][26] Company Strategy and Development Direction - The company announced a new $2 billion three-year stock repurchase program, indicating a balanced capital deployment strategy [14][28] - The acquisition of Carlisle Interconnect Technologies for $2 billion is expected to enhance the company's offerings in harsh environment interconnect solutions [15][42] - The company aims to leverage its diversified market exposure to mitigate risks and capitalize on growth opportunities across the global electronics industry [16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to adapt to market opportunities and challenges, aiming for sustainable profitability [29] - The outlook for Q2 2024 anticipates sales between $3.240 billion and $3.300 billion, representing a growth of 6% to 8% year-over-year [28] - Management highlighted the importance of AI investments and the company's strong position in the IT datacom market, expecting continued growth in this area [25][26] Other Important Information - The company completed a $1.5 billion U.S. bond offering to fund the acquisition of Carlisle Interconnect Technologies [9] - Total debt as of March 31 was $4.3 billion, with net debt at $2.3 billion and total liquidity of $5.7 billion [8][9] Q&A Session Summary Question: Insights on AI-related products and market potential - Management highlighted the critical role of high-speed, low-latency interconnect products in AI infrastructure, with significant growth driven by AI data centers [31][34][37] Question: Factors driving the uptick in orders and book-to-bill ratio - Positive book-to-bill ratio of 1.03 was driven by strong bookings in IT Datacom and Commercial Air, while Mobile Networks and Industrial markets showed slight negative trends [40] Question: Opportunities and margin improvements from the CIT acquisition - The acquisition is expected to enhance product offerings and improve margins through operational synergies and access to low-cost manufacturing [42][46] Question: Capital allocation strategy and M&A activity - The company maintains a balanced capital deployment strategy, with a strong M&A pipeline and plans for continued share repurchases alongside the CIT acquisition [58][61] Question: Update on automotive market dynamics - The automotive market is benefiting from increased electronic content in vehicles, with strong demand for communications technology and electrified drivetrains [64][66]

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. However, it isn't easy to find a great growth stock.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Gr ...

Amphenol’s (APH) first-quarter 2024 adjusted earnings of 80 cents per share beat the Zacks Consensus Estimate by 8.11%. The earnings figure increased 16% year over year.Net sales increased 9.5% year over year to $3.26 billion and beat the consensus mark by 5.81%. Organically, net sales increased 6%.The top line benefited from higher revenues across the commercial air, defense, automotive and IT datacom end-markets.Quarterly DetailsHarsh Environment Solutions’ (28.1% of net sales) sales came in at $916 milli ...

For the quarter ended March 2024, Amphenol (APH) reported revenue of $3.26 billion, up 9.5% over the same period last year. EPS came in at $0.80, compared to $0.69 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $3.08 billion, representing a surprise of +5.81%. The company delivered an EPS surprise of +8.11%, with the consensus EPS estimate being $0.74.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they com ...