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Should You Continue to Retain Abbott Stock in Your Portfolio Now?
ZACKS· 2025-06-24 14:35
Core Business Performance - Abbott is experiencing increased global demand for routine diagnostic tests, particularly in its Diagnostics business, which accounted for 20% of total revenues in Q1 2025 [3][4] - The Diabetes Care segment is benefiting from strong sales of the FreeStyle Libre continuous glucose monitoring system, with Q1 sales exceeding $1.7 billion and growing 21.6% [5][8] - Established Pharmaceuticals (EPD) sales rose 8% organically in Q1 2025, with significant growth in emerging markets and a focus on biosimilars [10][8] Market Position and Financials - Abbott's market capitalization stands at $231.38 billion, with an earnings yield of 3.9%, significantly higher than the industry's 0.5% [2] - The company has outperformed earnings estimates in three of the last four quarters, achieving an average earnings surprise of 1.6% [2] - The Zacks Consensus Estimate for Abbott's 2025 revenues is projected at $44.68 billion, indicating a 6.5% increase from the previous year [13] Strategic Initiatives - Abbott is investing $0.5 billion in new manufacturing and R&D facilities in Illinois and Texas to enhance its U.S. transfusion diagnostics business [4] - The launch of the Alinity m system will allow Abbott to enter the molecular nucleic acid testing market, which is valued at $1 billion [4] - Abbott has secured rights to 15 biosimilar products, positioning itself for growth in the branded generic pharmaceutical market [10][9] Challenges and Risks - Macroeconomic pressures, including geopolitical tensions and rising raw material costs, are expected to impact Abbott's margins and sales [11][12] - Foreign exchange fluctuations have negatively affected Abbott's international sales, with a 2.8% unfavorable year-over-year impact reported in Q1 2025 [12]
Banco De Chile (BCH) Loses 6.2% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
ZACKS· 2025-06-24 14:35
Core Viewpoint - Banco De Chile (BCH) has experienced significant selling pressure, resulting in a 6.2% decline over the past four weeks, but analysts anticipate improved earnings in the near future [1] Group 1: Technical Analysis - The Relative Strength Index (RSI) is utilized to determine if BCH is oversold, with a reading of 28.33 indicating potential exhaustion of selling pressure [2][5] - Stocks oscillate between overbought and oversold conditions, and the RSI helps identify potential price reversals, suggesting that BCH may present entry opportunities for investors [3] Group 2: Fundamental Analysis - Analysts have raised earnings estimates for BCH by 3.6% over the last 30 days, indicating a positive trend that typically correlates with price appreciation [7] - BCH holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks, further supporting the potential for a near-term turnaround [8]
Down 30.2% in 4 Weeks, Here's Why Skillsoft (SKIL) Looks Ripe for a Turnaround
ZACKS· 2025-06-24 14:35
Core Viewpoint - Skillsoft Corp. (SKIL) has experienced significant selling pressure, resulting in a 30.2% decline over the past four weeks, but analysts anticipate better earnings than previously expected, indicating a potential turnaround for the stock [1]. Group 1: Technical Indicators - The Relative Strength Index (RSI) is utilized to determine if a stock is oversold, with readings below 30 indicating oversold conditions [2]. - SKIL's current RSI reading is 28.35, suggesting that the heavy selling may be exhausting itself and a trend reversal could be imminent [5]. Group 2: Fundamental Indicators - There has been a strong consensus among sell-side analysts to raise earnings estimates for SKIL, leading to a 52.8% increase in the consensus EPS estimate over the last 30 days [7]. - An upward trend in earnings estimate revisions typically correlates with price appreciation in the near term [7]. Group 3: Analyst Ratings - SKIL holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, indicating a strong potential for a turnaround [8].
ASML (ASML) Just Overtook the 20-Day Moving Average
ZACKS· 2025-06-24 14:35
Group 1 - ASML has reached a significant support level and is considered a good pick for investors from a technical perspective, having recently broken through the 20-day moving average, indicating a short-term bullish trend [1] - The 20-day simple moving average (SMA) is a popular investing tool that helps smooth out price fluctuations and can show more trend reversal signals than longer-term moving averages [2] - ASML shares have increased by 6.5% over the past four weeks, and the company holds a Zacks Rank 2 (Buy), suggesting potential for continued growth [4] Group 2 - Positive earnings estimate revisions further strengthen the bullish case for ASML, with no earnings estimates lowered in the past two months and two raised estimates for the current fiscal year, leading to an increase in the consensus estimate [4] - Investors are encouraged to consider adding ASML to their watchlist due to the important technical indicator and the positive movement in earnings estimate revisions [5]
Iamgold (IAG) Just Flashed Golden Cross Signal: Do You Buy?
ZACKS· 2025-06-24 14:35
Core Viewpoint - Iamgold (IAG) has reached a significant support level and shows potential for investors from a technical perspective, particularly after breaking through the 20-day moving average, indicating a short-term bullish trend [1]. Technical Analysis - The 20-day simple moving average (SMA) is a widely used investing tool that helps smooth out price fluctuations and provides insight into short-term price trends [1][2]. - A stock price moving above the 20-day SMA is considered a positive trend, while falling below it signals a downward trend [2]. Performance Metrics - IAG shares have increased by 13.4% over the past four weeks, indicating a positive momentum [4]. - The company currently holds a Zacks Rank of 3 (Hold), suggesting potential for continued growth [4]. Earnings Estimates - Positive revisions in earnings estimates bolster the bullish outlook for IAG, with no estimates lowered in the past two months and three raised estimates for the current fiscal year [4]. - The consensus earnings estimate has also seen an increase, further supporting the positive sentiment around IAG [4]. Investment Consideration - Given the important technical indicators and the positive movement in earnings estimate revisions, IAG should be considered for investors' watchlists [5].
DDD Investors Have Opportunity to Lead 3D Systems Corporation Securities Fraud Lawsuit with the Schall Law Firm
Prnewswire· 2025-06-24 14:33
LOS ANGELES, June 24, 2025 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against 3D Systems Corporation ("3D Systems" or "the Company") (NYSE: DDD) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between August 13, 2024 and May 13, 2025, inclusive (the "Class Period"), ...
Strength Seen in Northern Trust (NTRS): Can Its 8.0% Jump Turn into More Strength?
ZACKS· 2025-06-24 14:31
Northern Trust Corporation (NTRS) shares ended the last trading session 8% higher at $120.81. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 5.7% gain over the past four weeks.The rise in Northern Trust's stock price was primarily driven by a Wall Street Journal report stating that Bank of New York Mellon had approached Northern Trust to discuss a potential merger. According to the WSJ report, senior executives fr ...
Will Tutor Perini be Able to Sustain Its 77% EPS Growth in 2025?
ZACKS· 2025-06-24 14:31
Key Takeaways TPC's Q1 2025 EPS rose 77% year over year, with revenues up 19% to $1.25B on stronger project execution. Backlog surged 94% year over year to $19.4B, driven by $2B in new awards and contract adjustments. EPS estimates for 2025 and 2026 rose to $1.75 and $3.09, reflecting growth of 155.9% and 76.6%, respectively.Tutor Perini Corporation (TPC) is benefiting from increased project execution activities backed by the robust public infrastructure spending market in the United States. Owing to this ...
Walmart's 22% E-Commerce Sales Jump: Can It Keep Up the Pace?
ZACKS· 2025-06-24 14:31
Key Takeaways WMT reported a 22% jump in Q1 global e-commerce sales, driven by omnichannel and delivery strength. Sam's Club U.S. saw 27% e-commerce growth, led by club-fulfilled delivery and pickup strength. International digital sales climbed 20%, showing broad momentum across Walmart's online business.Walmart Inc. (WMT) continues to make impressive strides in the e-commerce space, reporting a 22% jump in global e-commerce sales in the first quarter of fiscal 2026. The growth comes on the back of its ro ...
Reasons Why You Should Avoid Betting on Zebra Technologies Now
ZACKS· 2025-06-24 14:31
Key Takeaways ZBRA's Q1 cost of sales rose 8.3% due to high raw material costs, pressuring profitability. Long-term debt hit $2.10B, with interest expenses jumping 35.3% year over year in Q1. Extensive global exposure subjects ZBRA to forex headwinds and geopolitical instability.Zebra Technologies Corporation (ZBRA) failed to impress investors with its recent operational performance due to increasing cost of sales, high debt levels and forex woes.ZBRA currently carries a Zacks Rank #5 (Strong Sell). In th ...