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Fast-paced Momentum Stock Brookfield Business Partners (BBU) Is Still Trading at a Bargain
ZACKS· 2024-08-20 13:51
Core Viewpoint - Momentum investing contrasts with the traditional "buy low and sell high" strategy, focusing instead on "buying high and selling higher" to capitalize on fast-moving stocks [1] Group 1: Momentum Investing Strategy - Investors often struggle to identify the right entry point for trending stocks, which can lead to losses if the stock's future growth does not justify its high valuation [1] - A safer approach may involve investing in bargain stocks that have recently shown price momentum, utilizing tools like the Zacks Momentum Style Score to identify potential candidates [2] Group 2: Brookfield Business Partners L.P. (BBU) - BBU has recently seen a price increase of 0.3% over the past four weeks, indicating growing investor interest [2] - The stock has gained 6.1% over the past 12 weeks, demonstrating its ability to deliver positive returns over a longer timeframe [3] - BBU has a beta of 1.47, suggesting it moves 47% more than the market, indicating fast-paced momentum [3] Group 3: Earnings Estimates and Valuation - BBU has a Momentum Score of B, suggesting it is an opportune time to invest in the stock [3] - The stock has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which typically attract more investor interest [4] - BBU is trading at a Price-to-Sales ratio of 0.03, indicating it is undervalued at only 3 cents for each dollar of sales [4] Group 4: Additional Investment Opportunities - Besides BBU, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [5] - The Zacks Premium Screens offer various strategies to identify potential winning stocks based on different investing styles [5]
Brookfield Business Partners L.P.(BBU) - 2024 Q2 - Quarterly Report
2024-08-07 22:19
UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS OF BROOKFIELD BUSINESS PARTNERS L.P. As at June 30, 2024 and December 31, 2023 and for the three and six months ended June 30, 2024 and 2023 1 INDEX TO THE UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS OF BROOKFIELD BUSINESS PARTNERS L.P. Unaudited Interim Condensed Consolidated Statements of Financial Position 3 Unaudited Interim Condensed Consolidated Statements of Operating Results 4 Unaudited Interim Condensed Consolidated Sta ...
Brookfield Business Partners (BBU) Upgraded to Strong Buy: What Does It Mean for the Stock?
ZACKS· 2024-08-07 17:00
Brookfield Business Partners L.P. (BBU) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following ...
Best Value Stocks to Buy for August 7th
ZACKS· 2024-08-07 13:31
Here are three stocks with buy rank and strong value characteristics for investors to consider today, August 7th:  Brookfield Business Partners (BBU) : This company which own and operate business services and industrial operations, carries a Zacks Rank #1(Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.7% over the last 60 days.Brookfield Business Partners' has a price-to-earnings ratio (P/E) of 4.58 compared with 25.10 for the industry. The company poss ...
Wall Street Analysts Believe Brookfield Business Partners (BBU) Could Rally 55.27%: Here's is How to Trade
ZACKS· 2024-08-06 14:55
Brookfield Business Partners L.P. (BBU) closed the last trading session at $19.25, gaining 2.4% 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 $29.89 indicates a 55.3% upside potential.The average comprises six short-term price targets ranging from a low of $23.36 to a high of $34, with a standard deviation of $3.74. While the lowest estimate indicates an increase of 21.4% from th ...
BBU Investors Have Opportunity to Join Brookfield Business Partners L.P. Fraud Investigation with the Schall Law Firm
Prnewswire· 2024-08-06 13:30
LOS ANGELES, Aug. 6, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Brookfield Business Partners L.P. ("Brookfield" or "the Company") (NYSE: BBU) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Brookfield purchased CDK Global ("CDK"), a provider of software t ...
Brookfield Business Partners L.P.(BBU) - 2024 Q2 - Earnings Call Transcript
2024-08-02 19:29
Brookfield Business Partners L.P. LP Units (NYSE:BBU) Q2 2024 Earnings Conference Call August 2, 2024 10:00 AM ET Company Participants Alan Fleming - Head-Investor Relations Anuj Ranjan - Chief Executive Officer Paul Lepage - Managing Director Jaspreet Dehl - Managing Partner & Chief Financial Officer Adrian Letts - Managing Partner & Senior Leader-Business Operations Conference Call Participants Geoffrey Kwan - RBC Capital Markets Devin Dodge - BMO Capital Markets Gary Ho - Desjardins Capital Markets Jaeme ...
Brookfield Business Partners Reports Second Quarter 2024 Results
Newsfilter· 2024-08-02 10:45
BROOKFIELD, NEWS, Aug. 02, 2024 (GLOBE NEWSWIRE) -- Brookfield Business Partners (NYSE:BBU, BBUC, TSX:BBU, BBUC))) announced today financial results for the quarter ended June 30, 2024. "Our business fundamentals remain sound and we are pleased with the performance of many of our larger operations," said Anuj Ranjan, CEO of Brookfield Business Partners. "Financial results were strong but impacted by a couple of one-time events this quarter. We continue to build value across our operations which will drive e ...
3 Stocks That Could Benefit From Bill Gates' Billion-Dollar Bet on Nuclear
Investor Place· 2024-06-26 16:41
Whatever public perception of nuclear energy may be, Bill Gates has decided it’s a worthy pursuit for his newly formed TerraPower. The former tech billionaire turned philanthropist has been aggressively searching for ways to improve the world in the ways he deems fit.From investing in farming to vaccine development, Gates has a penchant for trying new things. However, like in other industries, Gates’ foray into energy could create a splash among nuclear energy stocks as it brings investor attention to the i ...
Brookfield Business Corporation Announces Results of Annual Meeting of Shareholders
Newsfilter· 2024-06-20 21:30
BROOKFIELD, NEWS, June 20, 2024 (GLOBE NEWSWIRE) -- Brookfield Business Corporation (the "Corporation") (NYSE, TSX: BBUC) today announced that all ten nominees proposed for election to the board of directors of the Corporation by holders of class A exchangeable subordinate voting shares ("Exchangeable Shares") and holders of class B multiple voting shares ("Class B Shares") were elected at the Corporation's annual general meeting of shareholders held on June 20, 2024 in a virtual meeting format. Detailed re ...