Pool Corp. (POOL) has been beaten down lately with too much selling pressure. While the stock has lost 13.5% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier.Guide to Identifying Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that m ...

Core Viewpoint - Pool Corporation is presented as a compelling investment opportunity due to its strong operational history, reasonable dividend, share repurchase program, and current attractive valuation in a challenging market [1][3]. Group 1: Company Overview - Pool Corporation (POOL) has faced challenges in recent years, primarily due to the Federal Reserve's economic tightening measures, leading to declines in growth and stock performance [3][4]. - The company operates in the swimming pool supplies distribution sector, which has historically generated significant returns for long-term investors [2]. Group 2: Financial Performance - In the third quarter, Pool Corporation reported a 3% year-over-year decline in sales, with projections indicating a 15% to 20% decrease in sales related to new construction units for the full year of 2024 [10][11]. - Management anticipates a decline of up to 15% in renovation and remodeling sales, while maintenance sales are expected to remain flat or show slight growth [11]. Group 3: Market Dynamics - The impact of higher interest rates has been particularly pronounced in the lower-budget residential projects, as these customers are more sensitive to financing costs [4][5]. - Approximately 62% of Pool Corporation's sales are derived from maintenance supplies, which are less affected by interest rate fluctuations [5]. Group 4: Management and Capital Allocation - Pool Corporation's management has effectively reduced debt from over $1 billion to $924 million while repurchasing $159 million of shares in the first three quarters of the year [6]. - The company maintains a dividend yield of about 1.4% and has increased its borrowing capacity by $50 million to $800 million [6]. Group 5: Investment Consideration - The stock is suggested as a potential small position in investment portfolios, with a price-to-earnings multiple of less than 30 times earnings, which could be justified if interest rates decline [7].

Core Insights - BitFuFu Inc. has launched BitFuFu Pool, a private-label mining pool with commission rates starting as low as 0.4% [1][5] - The pool will initially focus on Bitcoin mining, with plans to expand to other digital assets in the future [1] - The company aims to enhance its mining ecosystem by providing comprehensive services to both institutional and retail customers [6] Company Overview - BitFuFu Inc. is recognized as a global leader in Bitcoin mining and comprehensive mining services, offering one-stop solutions including cloud mining [7][8] - The company has received early investment from BITMAIN and continues to be a strategic partner in the Bitcoin mining sector [7] Product and Service Offerings - BitFuFu Pool will be available to users of the BitFuFu app, allowing them to purchase cloud mining products and miner services while receiving promotional benefits [1][2] - The company is directing its self-mining hashrate to BitFuFu Pool, with plans to allocate 100% of its growing hashrate to this initiative [3] - The mining services include real-time monitoring tools, firmware solutions, maintenance services, and user-friendly one-click-order solutions [6]

COVINGTON, La., Dec. 03, 2024 (GLOBE NEWSWIRE) -- Pool Corporation (Nasdaq:POOL) announced today that Melanie M. Hart, Vice President and Chief Financial Officer, will participate in the Nasdaq 51st Investor Conference, held in association with Morgan Stanley, in London, United Kingdom, on Tuesday, December 10, 2024. Conference participation will consist of investor meetings and a fireside chat. Pool Corporation is the world’s largest wholesale distributor of swimming pool and related backyard products. POO ...

I covered Leslie's Inc. (NASDAQ: LESL ) last spring during a deep dive into the pool and spa care industry. They’re a leading direct-to-consumer brand, selling everything you need to keep pools and spas in shape. They stock chemicals, parts, cleaning tools, and safetyThe mission of Grassroots Trading rests on the following principles: providing objective, unbiased, and balanced research, backed by solid data and completely void of emotional influences or preference for companies; focusing on small- to mid-c ...

Warren Buffett recently made news about the stocks that Berkshire Hathaway Inc. NYSE: BRK.B sold. But it looks like Buffett isn’t sitting this rally out completely. On November 15, Buffett made two significant purchases in two stocks that the company had not previously owned. The stocks were Domino’s Pizza Inc. NYSE: DPZ and Pool Corp. NASDAQ: POOL.  Pool TodayPOOLPool$362.71 +1.87 (+0.52%) 52-Week Range$293.51▼$422.73Dividend Yield1.32%P/E Ratio31.21Price Target$369.11Add to WatchlistThe holdings make up ...

Buffett and company have started buying a stock that's been swimming circles around the market for decades.Legendary investor and billionaire Warren Buffett invests through his holding company, Berkshire Hathaway. Buffett's fame and success have made him a Wall Street icon, so people pay attention to the stocks he buys and sells. Berkshire Hathaway has made headlines this year by selling enough stocks to raise the company's cash to more than $325 billion, an eye-popping financial war chest large enough to a ...

Advertisement Warren Buffett's Berkshire Hathaway bought Domino's Pizza and Pool Corp. stock last quarter.Buffett loves fast food and already owns distribution businesses, making the pair a natural fit.The "Buffett Effect" boosted shares of both companies on the news.Warren Buffett's Berkshire Hathaway added Domino's Pizza and Pool Corp. to its stock portfolio last quarter, a regulatory filing revealed on Thursday. The pizza chain and swimming pool specialist seem like good fits.The famed investor's conglo ...

Warren Buffett's Berkshire Hathaway (BRK.A; BRK.B) took stakes in Domino's Pizza (DPZ) and swimming pool supplier Pool Corp. (POOL) in the third quarter while continuing to trim stakes in longtime holdings Apple (AAPL) and Bank of America (BAC). The moves were part of a series of shareholding adjustments—disclosed in regulatory documents filed late Thursday—that show Buffett continues to be a net seller of stocks as he builds Berkshire's already-enormous cash holdings. The conglomerate announced earlier th ...

Warren Buffett's Berkshire Hathaway purchased stakes in Domino's Pizza and Pool Corp. last quarter.The investing legend's company made big cuts to its huge Apple and Bank of America positions.Berkshire pared other holdings such as Capital One, and sold almost all of its Ulta Beauty shares. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your fa ...