Wall Street expects a year-over-year decline in earnings on higher revenues when Dollar General (DG) reports results for the quarter ended July 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 29. On ...

Market Overview - The market has experienced a divergence, with tech stocks rallying while many companies face declining valuations due to worsening macroeconomic conditions [1] - There is potential for undervalued stocks to rebound as the economic cycle shifts, presenting investment opportunities [1] Verizon Communications (VZ) - Verizon is a leading telecommunications company facing challenges due to high debt and sluggish growth, but the outlook may improve as interest rates decrease [2] - The company reported net interest losses of $1.6 billion in Q2 but still managed to post profits and maintain a 6.5% dividend yield, with the stock up 21.5% over the past year [2] - Margin expansion is expected as interest expenses ease, making Verizon's dividend more attractive to investors [3] Barrick Gold (GOLD) - Barrick Gold is a prominent gold and copper mining company benefiting from rising gold prices, despite being down nearly 30% from its 2020 peak [5] - The company reported Q2 revenue of $3.16 billion, a 12% year-over-year increase, and adjusted EPS surged 68% to 32 cents [5][6] - Barrick's gold production guidance for 2024 remains at 3.90-4.30 million ounces, and analysts are bullish on the stock, with all nine rating it a buy [6] Dollar General (DG) - Dollar General operates over 20,000 stores and has seen its stock decline 13.5% year-to-date, facing near-term pressures such as increased shrink and downgrades from analysts [7] - Despite challenges, the company beat earnings estimates in Q1 with a 6.1% sales increase to $9.91 billion and generated $363 million in net income [7] - The stock has rebounded over 12% from its October 2023 low, and Goldman Sachs has added it to its Conviction Buy list with a $169 price target, indicating potential for further upside [8]

Dollar General (DG) closed at $116.84 in the latest trading session, marking a -0.65% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 1.69% for the day. Meanwhile, the Dow experienced a rise of 1.04%, and the technology-dominated Nasdaq saw an increase of 2.43%.Heading into today, shares of the discount retailer had lost 7.37% over the past month, lagging the Retail-Wholesale sector's loss of 6.24% and the S&P 500's loss of 4.78% in that time.Analysts and investors a ...

Are you looking for undervalued stocks that could make a big comeback in the next year? I think there are some great opportunities out there, even with all the economic uncertainty we’ve seen lately.It’s no secret that many stocks have taken a beating over the past few quarters. Relentless interest rate hikes from the Federal Reserve and signs of weakening consumer spending have spooked investors, leading to major selloffs. However, in my view, Wall Street has taken things too far in some cases.Several stoc ...

In the latest trading session, Dollar General (DG) closed at $117.36, marking a -0.62% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.08% for the day. Elsewhere, the Dow lost 0.12%, while the tech-heavy Nasdaq added 0.07%.Heading into today, shares of the discount retailer had lost 10.69% over the past month, lagging the Retail-Wholesale sector's loss of 2.44% and the S&P 500's loss of 0.21% in that time.Analysts and investors alike will be keeping a close eye ...

When it comes to investing in retail stocks, timing is everything. That’s why the best retail stocks to buy in Q3 are those poised to see profits soar in Q4. Cyclical stocks bound to see a boost at the end of the year or the beginning of the next one make great investment choices as we move into the second half of 2024. Looking ahead then, it makes sense to focus on the retailers that often see better results in the winter holiday season. By strategically investing now, you can position yourself to reap the ...

As the back-to-school season approaches, Dollar General Corporation (DG) stands out as a one-stop shopping destination, offering a comprehensive selection of school essentials to support students, parents and teachers. With more than 20,000 locations in 48 states, DG offers a wide variety of school supplies, ensuring quality and affordability. In these challenging economic times, budget-friendly options and convenience are paramount for consumers. Shareeka Meadows, the VP of Division Merchandise Manager for ...

Investors should look at undervalued and unloved dividend stocks in this era of overvalued equities. Purchasing shares at a price-to-earnings ratio of 30x or more does not make sense. History has taught us that elevated valuations usually result in depressed returns.We highlight three companies that focus on shareholder returns. They are currently surrounded by negative sentiment for different reasons. However, the lack of investor interest may be an opportunity for some. Two of the three equities are Divid ...

Here are three promising recession-proof stocks with solid financial and strategic outcomes. These businesses appeal to investors looking for stability and development potential because they show resilience and strategic insight in handling economic constraints. Even in a challenging economic climate, their capacity to adjust to changing market conditions, carry out cost-cutting initiatives and promote revenue development puts them in a strong position for long-term leadership.McDonald’s (MCD)Source: Tama2u ...

Dollar General Corporation (NYSE:DG) Q1 2024 Results Conference Call May 30, 2024 10:00 AM ET Company Participants Kevin Walker - VP of IR Todd Vasos - CEO Kelly Dilts - CFO Conference Call Participants Michael Lasser - UBS Matthew Boss - JPMorgan Kate McShane - Goldman Sachs Simeon Gutman - Morgan Stanley Paul Lejuez - Citi Rupesh Parikh - Oppenheimer Seth Sigman - Barclays Scot Ciccarelli - Truist Michael Montani - Evercore ISI Joe Feldman - Telsey Advisor Group Operator Good morning. My name is Donna, an ...