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. Even though momentum is a popular stock cha ...

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, October 9th: Silvercorp Metals (SVM) This company which is engaged in the acquisition, exploration, development, and mining of precious and base metal mineral properties in the Peoples Republic of China, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 32.0% over the last 60 days. Silvercorp Metals' shares gained 31.9% over the last thre ...

Here are three stocks with buy rank and strong value characteristics for investors to consider today, September 12: Mr. Cooper Group Inc. (COOP) : This mortgage servicing company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.2% over the last 60 days. Mr. Cooper Group has a price-to-earnings ratio (P/E) of 8.82 compared with 11.80 for the industry. The company possesses a Value Score of B. MPLX LP (MPLX) : This midstream energy company carr ...

Mr Cooper (COOP) could be a solid addition to your portfolio given its recent upgrade 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. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. The power of a c ...

Group 1 - The stock of Mr. Cooper Group Inc. (COOP) is experiencing significant attention due to high implied volatility in the options market, particularly the Sep 20, 2024 $40 Put option [1] - Implied volatility indicates the market's expectation of future price movement, suggesting that investors anticipate a significant change in the stock's price, potentially due to an upcoming event [2] - Mr. Cooper Group holds a Zacks Rank 1 (Strong Buy) in the Financial - Consumer Loans industry, which is in the top 18% of the Zacks Industry Rank, indicating strong analyst sentiment [3] Group 2 - Over the past 30 days, three analysts have raised their earnings estimates for Mr. Cooper Group for the current quarter, increasing the Zacks Consensus Estimate from $2.40 to $2.48 per share [3] - The high implied volatility may indicate a developing trading opportunity, as options traders often seek to sell premium on options with elevated implied volatility, aiming to benefit from time decay [4]

Core Insights - Mr. Cooper Group Inc. (COOP) reported strong second-quarter 2024 results, with adjusted earnings per share (EPS) of $2.52, surpassing estimates by 8.2% and showing a year-over-year increase of 51.8% [4] - The company's stock has increased by 30.8% year-to-date, outperforming the industry and S&P 500 Index [1] Financial Performance - Total revenues for Q2 2024 reached $583 million, a 3.4% increase year-over-year, exceeding consensus estimates by 4.7% [4] - Net income for the quarter was $204 million, up from $142 million a year ago [5] - Total expenses rose by 7.9% year-over-year to $300 million, driven by higher salaries and general administrative costs [5] Segment Analysis - The Servicing segment reported a pretax operating income of $354 million, a 45.7% increase year-over-year, with total revenues of $456 million, surpassing last year's $368 million [6] - The Originations segment's pretax operating income remained flat at $38 million, with total revenues increasing to $107 million from $97 million a year ago [7] Acquisition and Growth Strategy - The company announced the acquisition of Flagstar's mortgage operations, valued at $1.4 billion, which includes mortgage servicing rights (MSRs) and subservicing contracts totaling nearly $356 billion in unpaid principal balance (UPB) [3] - The servicing portfolio has reached $1.2 trillion, reflecting significant growth [2][6] Financial Position - As of June 30, 2024, total assets were $15.8 billion, up from $14.2 billion at the end of 2023 [8] - Cash and cash equivalents increased to $642 million from $571 million at the end of 2023 [8] - Total liabilities rose to $11.2 billion from $9.9 billion at the end of 2023, while total shareholders' equity increased to $4.6 billion from $4.3 billion [8] Capital Management - The company repurchased 0.3 million shares for $24 million during the quarter, with approximately $270 million remaining in its repurchase program [10]

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following 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 in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Whi ...

For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Mr Cooper (COOP) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question. The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the ...

Mr. Cooper Group Inc. (NASDAQ:COOP) Q2 2024 Earnings Conference Call July 25, 2024 10:00 AM ET Company Participants Ken Posner - Senior Vice President, Strategic Planning & Investor Relations Jay Bray - Chairman & Chief Executive Officer Mike Weinbach - President Kurt Johnson - Executive Vice President & Chief Financial Officer Conference Call Participants Terry Ma - Barclays Mark DeVries - Deutsche Bank Bose George - KBW Crispin Love - Piper Sandler Doug Harter - UBS Shanna Qiu - Barclays Eric Hagen - BTI ...

▪ Closing anticipated in 4Q'24, subject to regulatory and other customary approvals 411 412 459 528 588 631 676 753 442 421 380 361 359 456 481 760 17 19 43 48 45 49 49 49 $870 $853 $882 $937 $992 $1,136 $1,206 $1,562 4Q'22 1Q'23 2Q'23 3Q'23 4Q'23 1Q'24 2Q'24 2Q'24 Pro Forma Servicing Portfolio +79% (UPB in $ bn's) Special Servicing +187% Subservicing +72% Owned MSR +83% ⁽¹⁾ 5 | Flagstar acquisition adds: • $77 bn UPB of owned MSRs • $279 bn UPB of subservicing Pro forma, portfolio consists of 52% subservic ...