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Here is What to Know Beyond Why DNOW Inc. (DNOW) is a Trending Stock
Zacks Investment Research· 2024-04-09 14:01
DNOW (DNOW) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this energy and industrial distribution company have returned +6%, compared to the Zacks S&P 500 composite's +1.7% change. During this period, the Zacks Manufacturing - General Industrial industry, which DNOW falls in, has gained 3.2%. The key question now is: What could be the stock's future dir ...
Why the Market Dipped But DNOW (DNOW) Gained Today
Zacks Investment Research· 2024-04-08 23:06
DNOW (DNOW) closed the latest trading day at $15.43, indicating a +1.78% change from the previous session's end. The stock's performance was ahead of the S&P 500's daily loss of 0.04%. Meanwhile, the Dow lost 0.03%, and the Nasdaq, a tech-heavy index, added 0.03%.Coming into today, shares of the energy and industrial distribution company had gained 2.92% in the past month. In that same time, the Industrial Products sector gained 6.82%, while the S&P 500 gained 2.57%.The investment community will be paying c ...
DNOW INC (DNOW) Upgraded to Strong Buy: Here's What You Should Know
Zacks Investment Research· 2024-03-20 17:06
DNOW (DNOW) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- 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 years.Since a changing ...
Best Value Stocks to Buy for March 20th
Zacks Investment Research· 2024-03-20 15:35
Here are three stocks with buy rank and strong value characteristics for investors to consider today, March 20th:  International Money Express (IMXI) : This company that offer wire transfer and other processing services to customers through network of sending and paying agents located primarily in the District of Columbia and Puerto Rico as well as throughout Latin America, carries a Zacks Rank #1(Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.2% over ...
Best Momentum Stock to Buy for March 20th
Zacks Investment Research· 2024-03-20 13:05
Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, March 20th:DNOW INC (DNOW) : This company which is a supplier of energy and industrial products and packaged, engineered process and production equipment, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.4% over the last 60 days.DNOW’s shares gained 28.4% over the last three month compared with the S&P 500’s gain of 10.2%. The company ...
DNOW Completes Acquisition of Whitco Supply
Businesswire· 2024-03-12 10:45
HOUSTON--(BUSINESS WIRE)--DNOW Inc. (NYSE: DNOW) announced today it has completed its all-cash acquisition of Whitco Supply, LLC, after the conclusion of the regulatory approval process and other customary closing conditions. The acquisition of Whitco Supply enhances DNOW's capabilities and position in the midstream, E&P and targeted adjacent markets that have been core to the company’s growth strategy, while increasing the company’s earnings and free cash flow capacity. The deployment of capital strategic ...
Are Industrial Products Stocks Lagging DNOW INC (DNOW) This Year?
Zacks Investment Research· 2024-03-08 15:46
For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. DNOW (DNOW) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question.DNOW is one of 226 companies in the Industrial Products group ...
Fast-paced Momentum Stock DNOW (DNOW) Is Still Trading at a Bargain
Zacks Investment Research· 2024-02-20 14:50
Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead ...
Why DNOW Stock Is Surging Higher Today
The Motley Fool· 2024-02-15 20:14
DNOW (DNOW 19.32%) easily beat analyst expectations and generated a lot more cash than the company had originally predicted. Investors are cheering the results, sending shares of the industrial-products company up 19% as of 2:30 p.m. ET.Strong results energizing the stockDNOW is a supplier of equipment and services to energy and industrial markets. It offers a wide range of air compressors, welding equipment, power generation equipment, and pumps. The company was spun off from what was then known as Nationa ...
NOW(DNOW) - 2023 Q4 - Earnings Call Transcript
2024-02-15 19:45
Dnow, Inc. (NYSE:DNOW) Q4 2023 Earnings Conference Call February 15, 2024 9:00 AM ET Company Participants Brad Wise - IR David Cherechinsky - President & CEO Mark Johnson - SVP & CFO Conference Call Participants Nathan Jones - Stifel Jeffrey Robertson - Water Tower Research Cole Couzens - Stephens Operator Good morning. My name is Ian, and I will be your conference operator today. At this time, I would like to welcome everyone to the DNOW Fourth Quarter and Full Year 2023 Earnings Conference Call. [Operat ...