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Why Emcor Group (EME) Dipped More Than Broader Market Today
ZACKS· 2025-01-08 00:16
The latest trading session saw Emcor Group (EME) ending at $470.18, denoting a -1.87% adjustment from its last day's close. The stock's change was less than the S&P 500's daily loss of 1.11%. Meanwhile, the Dow lost 0.42%, and the Nasdaq, a tech-heavy index, lost 1.89%.Coming into today, shares of the construction and maintenance company had gained 0.11% in the past month. In that same time, the Construction sector lost 10.59%, while the S&P 500 lost 1.7%.Market participants will be closely following the fi ...
Ride the Quantum Computing Wave with These 2 Stocks: RGTI, QBTS
ZACKS· 2025-01-08 00:16
Quantum Computing Industry Overview - Quantum computing has emerged as a strong investment theme over the past several months, with the trend expected to continue throughout the year [1] - The excitement in the sector has been driven by Alphabet's announcement of its new quantum computing chip, Willow, which boasts state-of-the-art performance [2] - Quantum computing-related stocks, including Rigetti Computing (RGTI) and D-Wave Quantum (QBTS), have seen significant outperformance over the last three months [1][11] Rigetti Computing (RGTI) - Rigetti is a pioneer in full-stack quantum computing, operating quantum computers over the cloud since 2017 [3] - The company serves global enterprise, government, and research clients through its Rigetti Quantum Cloud Services platform [3] - Rigetti's mission is to build the world's most powerful quantum computers to solve pressing problems in areas such as climate simulation, fusion energy, drug discovery, logistics optimization, and quantitative finance [3] D-Wave Quantum (QBTS) - D-Wave is a leader in the development and delivery of quantum computing systems, software, and services, and is the world's first commercial supplier of quantum computers [7] - The company delivers practical quantum applications for diverse problems, including logistics, artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling [7] - D-Wave's technology is used by advanced organizations such as Mastercard, Deloitte, and Lockheed Martin [8] Market Performance and Outlook - Quantum computing-related stocks, including RGTI and QBTS, have soared following Alphabet's announcement of its quantum computing chip, Willow [11] - The quantum computing theme is expected to remain strong throughout 2025, driven by continued advancements and investor interest [10]
Why the Market Dipped But Cleveland-Cliffs (CLF) Gained Today
ZACKS· 2025-01-08 00:16
Cleveland-Cliffs (CLF) closed at $10.05 in the latest trading session, marking a +1.52% move from the prior day. The stock exceeded the S&P 500, which registered a loss of 1.11% for the day. Elsewhere, the Dow lost 0.42%, while the tech-heavy Nasdaq lost 1.89%. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, ...
Why Gray Television (GTN) Dipped More Than Broader Market Today
ZACKS· 2025-01-08 00:16
Gray Television (GTN) closed the most recent trading day at $3.66, moving -1.35% from the previous trading session. This move lagged the S&P 500's daily loss of 1.11%. Elsewhere, the Dow saw a downswing of 0.42%, while the tech-heavy Nasdaq depreciated by 1.89%.The broadcast television company's stock has dropped by 9.73% in the past month, falling short of the Consumer Discretionary sector's loss of 5.46% and the S&P 500's loss of 1.7%.Investors will be eagerly watching for the performance of Gray Televisi ...
Archrock Inc. (AROC) Registers a Bigger Fall Than the Market: Important Facts to Note
ZACKS· 2025-01-08 00:16
The most recent trading session ended with Archrock Inc. (AROC) standing at $25.36, reflecting a -1.93% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily loss of 1.11%. At the same time, the Dow lost 0.42%, and the tech-heavy Nasdaq lost 1.89%. It's also important for investors to be aware of any recent modifications to analyst estimates for Archrock Inc. Such recent modifications usually signify the changing landscape of near-term business trends. As su ...
DaVita HealthCare (DVA) Rises As Market Takes a Dip: Key Facts
ZACKS· 2025-01-08 00:16
Stock Performance - DaVita HealthCare (DVA) closed at $152 69, marking a +0 77% increase from the previous day [1] - The stock outperformed the S&P 500's daily loss of 1 11% and the Nasdaq's loss of 1 89% [1] - Over the past month, DVA shares depreciated by 4 13%, outperforming the Medical sector's loss of 6 22% but lagging the S&P 500's loss of 1 7% [1] Earnings and Revenue Expectations - The company is expected to report EPS of $2 21, up 18 18% from the prior-year quarter [2] - Revenue is predicted to be $3 25 billion, indicating a 3 47% increase compared to the same quarter of the previous year [2] Analyst Estimates and Revisions - Recent changes to analyst estimates reflect short-term business trends, with positive revisions indicating optimism about the company's outlook [3] - The Zacks Rank system, which considers estimate changes, currently rates DVA as a Zacks Rank 2 (Buy) [5] Valuation Metrics - DaVita HealthCare has a Forward P/E ratio of 13 48, indicating a discount compared to its industry's Forward P/E of 20 18 [5] - The PEG ratio is currently 0 74, lower than the industry average of 1 83, suggesting a favorable valuation relative to earnings growth [6] Industry Overview - The Medical - Outpatient and Home Healthcare industry has a Zacks Industry Rank of 87, placing it in the top 35% of all industries [7] - The top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]
Nextracker Inc. Class Action Lawsuit Alert: Johnson Fistel Announces Shareholders with Losses Should Contact the Law Firm for More Information
GlobeNewswire· 2025-01-08 00:14
SAN DIEGO, Jan. 07, 2025 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP announces that a class action lawsuit has commenced on behalf of investors of Nextracker Inc. (NASDAQ: NXT). The lawsuit seeks to recover losses on behalf of investors who acquired securities between February 1, 2024 and August 1, 2024. Investors have until February 25, 2025, to apply to the Court to be appointed as lead plaintiff in the lawsuit. If you incurred significant losses and want to act as the lead plaintiff in the Nextracker Inc. c ...
The Little-Known Stock Behind Thousands of ETFs
The Motley Fool· 2025-01-08 00:00
Our Purpose: To make the world smarter, happier, and richer. Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, personal finance education, top-rated podcasts, and non-profit The Motley Fool Foundation. ...
$HAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of Paycor HCM, Inc. - PYCR
Prnewswire· 2025-01-08 00:00
NEW YORK, Jan. 7, 2025 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm by ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Paycor HCM, Inc. (NYSE: PYCR), relating to the proposed merger with Paychex. Under the terms of the agreement, Paychex will acquire Paycor at $22.50 per share. Click here for more https://mont ...
Intel (INTC) Advances While Market Declines: Some Information for Investors
ZACKS· 2025-01-07 23:51
Stock Performance - Intel's stock closed at $20 01 with a +0 7% movement compared to the previous day outperforming the S&P 500's daily loss of 1 11% [1] - Over the past month Intel's stock has dropped by 4 52% underperforming the Computer and Technology sector's gain of 1 83% and the S&P 500's loss of 1 7% [1] Financial Forecast - Intel is forecasted to report an EPS of $0 12 a 77 78% decrease from the corresponding quarter of the prior year [2] - Quarterly revenue is expected to be $13 77 billion down 10 61% from the year-ago period [2] Analyst Estimates - Recent changes to analyst estimates for Intel reflect evolving short-term business trends with positive estimate revisions indicating a favorable business outlook [3] - The Zacks Consensus EPS estimate has decreased by 6 35% over the last 30 days and Intel currently holds a Zacks Rank of 4 (Sell) [5] Valuation Metrics - Intel's Forward P/E ratio is 21 49 which is a discount compared to the industry average of 24 42 [6] - Intel's PEG ratio is 2 02 lower than the industry average of 3 14 [6] Industry Overview - The Semiconductor - General industry part of the Computer and Technology sector has a Zacks Industry Rank of 192 placing it in the bottom 24% of all industries [7] - The top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]