AI themed stocks boost equities NEW YORK, Aug. 26, 2024 /PRNewswire/ -- Zephyr, a subsidiary of Informa plc (LSE: INF), and a recognized leader in asset and wealth management software has released its highly anticipated PSN Top Guns List for Q2 2024. The list is an important reference for plan sponsors, advisors, family offices and asset managers showcasing the best performing separate accounts, managed accounts and managed ETF strategies each quarter. "The PSN SMA database remains a central resource for pl ...

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock. That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss. However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which look ...

Parsons Corporation (PSN) has been selected as the lead designer for the Honolulu Authority for Rapid Transportation's City Center Guideway and Stations Project. Parsons, who acts as a subcontractor to Tutor Perini Corporation (TPC) in the project, leads the industry in rail and vehicle design with an innovative approach. The company's commitment to excellence ensures the delivery of advanced solutions that meet the evolving needs of customers. The $1.66 billion project is scheduled to be finished by 2030 a ...

Core Insights - Parsons Corporation has been awarded nearly $46 million to manage Operations Technology Maintenance Services for a strategic transportation customer on the East Coast [1] - The project aims to enhance service delivery through advanced technologies, including digital twins and AI, to improve scheduling and service reliability [2] Company Overview - Parsons is recognized as a leading disruptive technology provider in national security and global infrastructure markets, with expertise in various sectors including transportation, environmental remediation, and critical infrastructure protection [5] - The company has extensive experience in infrastructure development, having worked on over 10,000 miles of roadways, 4,500 bridges, and more than 50 advanced traffic management system deployments [3]

Parsons (PSN) stock has gained more than 2 times the S&P 500's return since its initial public offering (IPO) in 2019. Artificial intelligence (AI) stocks have been in huge demand from investors since last year. The primary catalyst for the AI stock frenzy was OpenAI's release of its ChatGPT chatbot in late 2022, which showcased the amazing capabilities of generative AI. This big boost in demand for AI stocks has significantly driven up the prices and valuations of many of them. The high valuations of some ...

Core Insights - Parsons Corporation has been appointed as the lead designer for the Honolulu Authority for Rapid Transportation's City Center Guideway and Stations Project, valued at $1.66 billion, in partnership with Tutor Perini Corporation [1][2] Group 1: Project Overview - The project involves the design and construction of six rail stations and approximately three miles of elevated rail guideway, starting from the Middle Street Transit Center Station to the Civic Center Station in downtown Honolulu [2] - Design work is set to commence in 2024, with construction expected to begin in the second half of 2025 and substantial completion anticipated by 2030 [2] Group 2: Company Positioning - Parsons Corporation is recognized as a leader in rail and transit design, emphasizing innovative approaches and a commitment to excellence in delivering solutions that meet client and community needs [2] - The company aims to create sustainable and efficient transportation systems that enhance connectivity and improve quality of life [2] Group 3: Company Background - Parsons Corporation operates in various sectors, including national security, global infrastructure, cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure protection [4]

Group 1 - Parsons (PSN) is a notable stock in the Business Services group, which consists of 316 companies and ranks 5 in the Zacks Sector Rank [2] - Parsons has a Zacks Rank of 2 (Buy), indicating a positive earnings outlook, with the consensus estimate for its full-year earnings increasing by 6.8% in the past quarter [3] - Year-to-date, Parsons has returned 48%, significantly outperforming the average return of 6.1% for Business Services companies [4] Group 2 - The Technology Services industry, which includes Parsons, has 171 stocks and currently ranks 87 in the Zacks Industry Rank, with an average gain of 16% this year [5] - Another outperforming stock in the Business Services sector is Spotify (SPOT), which has returned 81.1% year-to-date and has a Zacks Rank of 1 (Strong Buy) [4][5] - Investors interested in Business Services stocks should monitor Parsons and Spotify for continued strong performance [6]

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a growth stock that can live up to its true potential can be a tough task. In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end. However, the task of finding cutting-edge growth stocks is mad ...

Have you been paying attention to shares of Parsons (PSN) ? Shares have been on the move with the stock up 15.4% over the past month. The stock hit a new 52-week high of $92.37 in the previous session. Parsons has gained 46.2% since the start of the year compared to the 6.7% move for the Zacks Business Services sector and the 13.2% return for the Zacks Technology Services industry. What's Driving the Outperformance? The stock has an impressive record of positive earnings surprises, as it hasn't missed our e ...

Parsons (PSN) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company. The upward trend in estimate revisions for this software and infrastructure services provider reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correl ...