AAM Delivers Another Solid QuarterDETROIT, Aug. 9, 2024 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) today reported its financial results for the second quarter 2024. Second Quarter 2024 ResultsSales of $1.63 billionNet income of $18.2 million, or 1.1% of salesAdjusted EBITDA of $208.4 million, or 12.8% of salesDiluted earnings per share of $0.15; Adjusted earnings per share of $0.19Net cash provided by operating activities of $142.8 million; Adjusted free cash flow of $97 ...

Klaus Vedfelt One of the great things about value investing is that when you buy a company that's on the cheap, it's difficult for that business to drop significantly lower than it already is. At some point, the firm in question becomes irresistible. But this doesn't mean that it can't happen. Every so often, the market is stubborn and refuses to let a value prospect fully reflect the upside that it should. And one such example of this involves a company by the name of American Axle & Manufacturing Hold ...

American Axle & Manufacturing (AXL) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, ...

DETROIT, July 26, 2024 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) will hold a conference call to discuss second quarter financial results and other related matters at 10:00 a.m. ET on Friday, August 9, 2024.  A press release announcing the results will be issued before the market opens on the same day and will be available at www.aam.com.To participate by phone, please dial:(877) 883-0383 from the United States (412) 902-6506 from outside the United StatesCallers should ...

Core Insights - Value investing focuses on identifying undervalued assets with long-term growth potential, emphasizing intrinsic value and fundamental analysis over short-term market fluctuations [1] - Earnings yield is a key metric for assessing undervalued stocks, calculated by dividing annual earnings per share (EPS) by market price per share, serving as the inverse of the price-to-earnings (P/E) ratio [1] - A higher earnings yield compared to the 10-year Treasury yield indicates a stock is undervalued, while a lower yield suggests overvaluation [2] Screening Criteria - The primary screening criterion is an earnings yield greater than 10%, supplemented by estimated EPS growth greater than or equal to the S&P 500, average daily volume of at least 100,000, and a current price of $5 or more [3] - Stocks with a Zacks Rank of 1 (Strong Buy) or 2 (Buy) are expected to outperform peers in various market conditions [3] Selected Stocks - **Hanesbrands Inc. (HBI)**: Expected earnings growth of 666.7% in 2024 and 54% in 2025, with a Zacks Rank 1 and a Value Score of A [4] - **American Axle & Manufacturing Holdings, Inc. (AXL)**: Projected earnings growth of 544% in 2024 and 115% in 2025, also holding a Zacks Rank 1 and a Value Score of A [5] - **Futu Holdings Limited (FUTU)**: Anticipated earnings growth of 19.4% in 2024 and 19% in 2025, with a Zacks Rank 1 and a Value Score of B [6] - **Navigator Holdings Limited (NVGS)**: Expected earnings growth of 27.4% in 2024 and 37% in 2025, maintaining a Zacks Rank 1 and a Value Score of B [6] - **SM Energy Company (SM)**: Projected earnings growth of 24% in 2024 and 22% in 2025, with a Zacks Rank 1 and a Value Score of A [7]

Economic Overview - Small-cap stocks have gained momentum due to declining inflation rates and soft economic data, particularly strong labor market indicators, which have increased expectations for interest rate cuts [1] - The Russell 2000 index surged 3.5% to close at 2,263.67, marking its highest level since January 2022, while the S&P 600 advanced 3.6% to close at 1,418.30, reaching a 52-week high [2] Inflation Data - The consumer price index (CPI) decreased by 0.1% month-over-month in June, contrasting with a consensus estimate of a 0.1% increase, marking the first monthly decline since May 2020 [3] - Year-over-year, CPI increased by 3%, the lowest level in over three years, down from 3.3% in May [3] - The core CPI rose by 0.1% month-over-month in June, lower than the expected 0.2%, with a year-over-year increase of 3.3%, the smallest since April 2021 [3] Federal Reserve Insights - Fed Chairman Jerome Powell indicated that the central bank may implement interest rate cuts before inflation reaches the target of 2%, suggesting a proactive approach to monetary policy [5] - Current benchmark interest rates are between 5.25% and 5.5%, the highest in 23 years, with a 100% probability of a 25 basis points rate cut in September according to the CME FedWatch tool [6] Investment Opportunities - Five small-cap stocks have been identified with strong growth potential for the remainder of 2024, all having positive earnings estimate revisions in the last 60 days and a Zacks Rank 1 (Strong Buy) [7] Company Highlights - **American Axle & Manufacturing Holdings Inc. (AXL)**: Expected revenue growth of 3.1% and earnings growth of over 100% for the current year, with a 5.3% improvement in earnings estimates over the last 60 days [8] - **Enviri Corp. (NVRI)**: Anticipates revenue growth of 17.4% and earnings growth of over 100% for the current year, with earnings estimates improving by more than 100% in the last 60 days [9] - **Groupon Inc. (GRPN)**: Expected revenue growth of 1.3% and earnings growth of over 100% for the current year, with a significant improvement in earnings estimates over the last seven days [10] - **BJ's Restaurants Inc. (BJRI)**: Expected revenue growth of 1.1% and earnings growth of 65.9% for the current year, with a 1.6% improvement in earnings estimates over the last 60 days [11] - **GeneDx Holdings Corp. (WGS)**: Expected revenue growth of 18.9% and earnings growth of 82.3% for the current year, with earnings estimates improving by more than 100% in the last 60 days [11]

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental a ...

Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher."Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth po ...

Market Overview - The U.S. stock market has experienced a significant bull run over the past 18 months, with the Dow, S&P 500, and Nasdaq Composite increasing by 4.2%, 17.6%, and 24.8% year to date, respectively [1] - The S&P 400, which focuses on mid-cap stocks, is up 4.2%, while the Russell 2000, representing small-cap stocks, has only gained 0.8%, and the S&P 600 is down 2.3% year to date [1] Small Business Sentiment - High inflation and interest rates continue to impact U.S. small businesses, with 24% of respondents in the CNBC|SurveyMonkey Small Business Survey believing inflation has peaked, down from 29% in the previous quarter [1] - In the second quarter, 75% of respondents expect inflation to rise, an increase from 69% in the previous quarter [2] - Small Business Confidence remains stable at 47% in the second quarter, consistent with the first quarter and slightly above the 46% reported in the same quarter last year [3] - The NFIB Small Business Optimism Index rose to 91.5 in June from 90.5 in May, marking the highest reading this year but still below the 50-year average of 98 [3] Company Highlights - **American Axle & Manufacturing Holdings Inc. (AXL)**: Expected revenue growth of 3.1% and earnings growth of over 100% for the current year, with a 5.3% improvement in earnings estimates over the last 60 days [4][5] - **EverQuote Inc. (EVER)**: Anticipates revenue growth of 33.9% and earnings growth of over 100% for the current year, with a 25% increase in earnings estimates over the last 60 days [5] - **The Gorman-Rupp Co. (GRC)**: Expected revenue growth of 5.9% and earnings growth of 21.2% for the current year, with a 7.1% improvement in earnings estimates over the last 60 days [6] - **Root Inc. (ROOT)**: Projects revenue growth of over 100% and earnings growth of 60.6% for the current year, with a 16.2% increase in earnings estimates over the last 30 days [7] - **Enviri Corp. (NVRI)**: Expected revenue growth of 17.4% and earnings growth of over 100% for the current year, with earnings estimates improving by more than 100% over the last 60 days [8]

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are underva ...