Market forecasts are growing increasingly pessimistic. U.S. investment bank Morgan Stanley (NYSE:MS) warned earlier in July that the stock market is headed for a correction in the current third quarter. Mike Wilson, the chief U.S. equity strategist at Morgan Stanley, said stocks are likely to pull back due to uncertainty surrounding the presidential election, corporate earnings and interest rates. So far, the bearish views look accurate, with the benchmark S&P 500 index having fallen 4% since mid-July. Here ...

The acquisition, valued at $1.145 billion in an all-cash transaction, includes tax benefits worth approximately $165 million, reducing the net after-tax purchase price to $980 million. This buyout involves 198 retail stores and a dealer network, which would increase Casey's footprint to nearly 2,900 stores across the United States. Image Source: Zacks Investment Research The acquisition of Fikes is expected to deliver substantial operational and financial benefits to Casey's. The strategic alignment and sha ...

With the latest surge in mid-cap stocks and the recent slip in larger-cap names, showing more love to lesserknown companies makes sense as market breadth looks to improve. Indeed, mid-cap plays can be a choppier ride, but many such names offer next-level growth, and with relatively few watchers, perhaps they also have more to offer on the value front. Indeed, after a 125% past-year rally, the fast-rising member of the IJH ETF seems worth watching. Despite more than doubling in a year, shares of the upscale ...

Zacks Premium also includes the Zacks Style Scores. Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on. Growth Score The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier. To maximize your ...

Blue-chip stocks are associated with well-established, financially stable companies that have a track record of earnings growth and pay dividends to shareholders. These are not high-flying start-up companies that are racking up debt as they grow exponentially and race to grab market share from competitors. Rather, stable bluechip stocks represent companies that are reliable, well-known and perform well in any economy or market. Here are three stable blue-chip stocks to own through any market. Costco Wholesa ...

Casey's General Stores Inc. (CASY) continues to distinguish itself in the convenience store sector through robust operational strategies that bolster its market position and financial performance. A resilient business operating model, stellar omnichannel capabilities, expanded customer outreach and exclusive private-label offerings strengthen Casey's competitive position. Casey's focus on technology advancements, merchandise ordering efficiency, inventory management and data analytics positions it well for ...

We could issue additional shares for investment, acquisition, or other business purposes. Even if there is not an immediate need for capital, we may choose to issue securities to sell in public or private equity markets, if and when conditions are favorable. Raising funds by issuing securities would dilute the ownership interests of our existing shareholders. Additionally, certain types of equity securities we may issue in the future could have rights, preferences, or privileges senior to the rights of exis ...

According to the Consumer Price Index (CPI) data published by the Bureau of Labor Statistics, inflation for the month of May remained flat after rising 0.3% in April, though the year-over-year increase was 3.3%. However, the Wall Street expectation was a 0.1% monthly gain and a 3.4% annual increase. The downward trend in inflation was also confirmed by an unexpected fall in the Producer Price Index (PPI) over the same period. Owingto lower energy costs,PPI fell by 0.2% in comparison to 0.5% in April. The Mi ...

Conference Call Participants Good day and thank you for standing by. Welcome to the Q4 fiscal year 2024 CaseyÂ's General Stores earnings conference call. I would now like to hand the conference over to your speaker, Brian Johnson, Senior Vice President of Investor Relations and Business Development. Please go ahead. Before we begin, IÂ'll remind you that certain statements made by us during this investor call may constitute forward-looking statements within the meaning of the Private Securities Litigation R ...

Casey's General Stores, Inc. (CASY) came up with fourth-quarter fiscal 2024 results, wherein the top and bottom lines not only beat the Zacks Consensus Estimate but also improved year over year. The company demonstrated strength in inside same-store sales, underscoring its ability to engage customers effectively. Furthermore, it registered another strong quarter of fuel margin. A Closer Look at Results Casey's, one of the leading convenience store chains in the United States, posted quarterly earnings of $2 ...