Citizens Financial Announces New Buyback Plan: Is it Worth Watching?
ZACKS· 2025-06-18 18:11
Key Takeaways CFG raised its share repurchase authorization by $1.2B, bringing the total to $1.5B. The move highlights management's confidence in CFG's financial strength and growth strategy. CFG also aims to grow via acquisitions, cost-cutting programs, and private banking expansion.Citizens Financial Group (CFG) is reinforcing its shareholder-focused strategy that highlights confidence in its long-term performance.Last week, the company announced an increase in its common share repurchase authorization ...
Scale AI not 'winding down' following Meta deal, interim CEO tells employees and customers
CNBC· 2025-06-18 18:03
Scale AI's Interim CEO Jason Droege said in a memo on Wednesday that the artificial intelligence startup is not changing course following Meta's multibillion-dollar investment in the company last week."Unlike some other recent tech deals you might have heard about in the AI space, this is not a pivot or a winding down," Droege wrote in a post directed at customers, employees and investors.Meta has a 49% stake in Scale after its $14.3 billion investment, though the social media company will not have any voti ...
Wynn Las Vegas Announces the Return of Culinary Festival, Revelry
Prnewswire· 2025-06-18 18:00
Epicurean Celebration of Food, Drink, and Culinary Icons Returns for a Second Year in September Hi-res images HEREVideo sizzle reel HERELAS VEGAS, June 18, 2025 /PRNewswire/ -- The highly anticipated Revelry returns to Wynn Las Vegas (Nasdaq: WYNN), Sept. 19-27. The culinary festival will bring together some of the top names in food and beverage for an extraordinary week of curated tastings, collaborative dinners and immersive experiences. Some of the most esteemed chefs will gather at Revelry at Wynn L ...
Whirlpool's Spin&Load Dishwasher Rack Brings Easy Access to Dish Care
ZACKS· 2025-06-18 17:51
Core Insights - Whirlpool Corporation (WHR) is enhancing customer experience through continuous innovations aimed at making life easier and faster [1] Product Innovations - The company launched the Spin&Load Rack, a 360° spinning dishwasher rack designed for easy use, which reduces physical effort for users [2][11] - The Spin&Load Rack is compatible with all 24-inch WHR dishwashers manufactured after 2018 and features simplified packaging for accessibility [4] - Whirlpool's innovation strategy includes the introduction of the Fresh Flow Vent System in laundry products to combat front-load odor and the Pet Pro Filter in the Maytag Pet Pro Top Load laundry to remove pet hair [6] Market Position and Performance - Whirlpool's commitment to innovation is reflected in its product launches, including KitchenAid's first four-door refrigerator, which offers customizable storage options [7] - Over the past three months, Whirlpool's shares have decreased by 2.5%, slightly underperforming the industry average decline of 2.2% [8]
Will Cloud Edge Solution Further Solidify MA's Asia Pacific Presence?
ZACKS· 2025-06-18 17:51
Key Takeaways MA's Cloud Edge enables faster onboarding for banks and fintechs across the Asia Pacific markets. The cloud-based platform reduces reliance on legacy systems and cuts infrastructure costs. MA aims to expand its Asia Pacific footprint as fintech growth drives demand for agile cloud payment tools.Mastercard Incorporated (MA) recently announced a significant enhancement to its network services in Asia Pacific, allowing banks and fintech companies to onboard up to four times faster using Masterc ...
Is Intuit (INTU) a Solid Growth Stock? 3 Reasons to Think "Yes"
ZACKS· 2025-06-18 17:46
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 task of finding cutting-edge growth stocks is made easy with the help of the Z ...
Here is Why Growth Investors Should Buy Qifu Technology, Inc. (QFIN) Now
ZACKS· 2025-06-18 17:46
Core Viewpoint - Investors are seeking growth stocks that can deliver above-average growth and exceptional returns, but identifying such stocks is challenging due to their inherent risks and volatility [1] Group 1: Growth Stock Identification - The Zacks Growth Style Score system aids in identifying promising growth stocks by analyzing real growth prospects beyond traditional metrics [2] - Qifu Technology, Inc. (QFIN) is highlighted as a recommended stock with a favorable Growth Score and a top Zacks Rank [2] Group 2: Earnings Growth - Earnings growth is crucial for investors, with double-digit growth being a strong indicator of future stock price gains [3] - Qifu Technology, Inc. has a historical EPS growth rate of 8.3%, but its projected EPS growth for this year is 25.3%, surpassing the industry average of 23.7% [4] Group 3: Cash Flow Growth - Higher-than-average cash flow growth is essential for growth-oriented companies, allowing them to expand without relying on external funding [5] - Qifu Technology, Inc. has a year-over-year cash flow growth of 41.5%, significantly higher than the industry average of -12.3% [5] - The company's annualized cash flow growth rate over the past 3-5 years is 19.2%, compared to the industry average of 14.6% [6] Group 4: Earnings Estimate Revisions - Positive trends in earnings estimate revisions correlate strongly with near-term stock price movements [7] - Qifu Technology, Inc. has seen upward revisions in current-year earnings estimates, with the Zacks Consensus Estimate increasing by 2.3% over the past month [7] Group 5: Overall Assessment - Qifu Technology, Inc. has achieved a Zacks Rank of 2 and a Growth Score of A, indicating its potential as a solid choice for growth investors [8][9]
Here is Why Growth Investors Should Buy Palomar (PLMR) Now
ZACKS· 2025-06-18 17:46
Core Viewpoint - Investors are increasingly seeking growth stocks that demonstrate above-average growth potential, particularly in the financial sector, to achieve exceptional returns, although identifying such stocks can be challenging due to inherent volatility and risks [1]. Group 1: Company Overview - Palomar (PLMR) is highlighted as a recommended growth stock due to its favorable Growth Score and top Zacks Rank, indicating strong growth prospects [2]. - The company has a historical EPS growth rate of 54%, with projected EPS growth of 39.3% for the current year, significantly outperforming the industry average of 3.1% [5]. Group 2: Financial Metrics - Palomar's year-over-year cash flow growth stands at 45.1%, well above the industry average of 14.4%, indicating strong cash accumulation that supports new project undertakings [6]. - The company's annualized cash flow growth rate over the past 3-5 years is 25.5%, compared to the industry average of 11.5%, showcasing consistent performance [7]. Group 3: Earnings Estimates - Positive trends in earnings estimate revisions are crucial for validating a stock's performance, with Palomar's current-year earnings estimates having increased by 2.5% over the past month [9]. - The combination of a Growth Score of B and a Zacks Rank 1 positions Palomar favorably for potential outperformance, making it an attractive option for growth investors [11].
3 Reasons Growth Investors Will Love CareTrust REIT (CTRE)
ZACKS· 2025-06-18 17:46
Group 1: Core Insights - Investors are seeking growth stocks that can deliver above-average growth and exceptional returns, but identifying such stocks is challenging due to their inherent risks and volatility [1] - CareTrust REIT (CTRE) is highlighted as a recommended growth stock, supported by a favorable Growth Score and a top Zacks Rank [2] Group 2: Earnings Growth - Earnings growth is a critical factor for growth investors, with double-digit growth being particularly attractive as it indicates strong future prospects [3] - CareTrust REIT's projected EPS growth for this year is 20.5%, significantly outperforming the industry average of 0.7% [4] Group 3: Cash Flow Growth - High cash flow growth is essential for growth-oriented companies, allowing them to fund new projects without relying on external financing [5] - CareTrust REIT's year-over-year cash flow growth stands at 67.6%, far exceeding the industry average of 2.8% [5] - The company's historical annualized cash flow growth rate over the past 3-5 years is 12.5%, compared to the industry average of 3.1% [6] Group 4: Earnings Estimate Revisions - Positive trends in earnings estimate revisions are correlated with stock price movements, making them an important consideration for investors [7] - CareTrust REIT has experienced upward revisions in current-year earnings estimates, with a 0.6% increase in the Zacks Consensus Estimate over the past month [7] Group 5: Conclusion - CareTrust REIT has achieved a Growth Score of B and a Zacks Rank 2 due to positive earnings estimate revisions, positioning it well for potential outperformance [9]
Why Scholar Rock Shares Are Soaring Today
The Motley Fool· 2025-06-18 17:41
Shares of Scholar Rock Holding (SRRK 14.77%) are soaring today, up 13.7% as of 1:14 p.m. ET. The move comes as the S&P 500 and Nasdaq Composite were up modestly.Scholar Rock, a biopharma company, reported positive results from a phase 2 trial of its muscle-preserving weight-loss therapy.Significant resultsThe study evaluated Scholar Rock's apitegromab in combination with Eli Lilly's blockbuster weight-loss drug tirzepatide (sold as Mounjaro and Zepbound). The combo showed a significant reduction in lean mas ...