Market Indexes Bounce Back to Start a New Trading Week
ZACKS· 2026-02-02 23:51
Market Overview - Markets rebounded after a challenging previous week, with the Dow increasing by 515 points (+1.05%), S&P 500 up by 37 points (+0.54%), Nasdaq rising by 130 points (+0.56%), and Russell 2000 gaining 24 points (+0.95%) [1] Economic Indicators - Strong earnings from Disney and other companies were noted, despite Disney's stock dropping by 7% [2] - S&P Manufacturing PMI rose by 60 basis points to 52.4%, while ISM Manufacturing increased by 4.7% to 52.6%, both indicating growth as they are above the 50-level [2] Company Earnings Reports - Palantir reported Q4 earnings with earnings per share of 25 cents, exceeding expectations by 2 cents, and revenues of $1.4 billion, surpassing the $1.35 billion forecast. U.S. revenues grew by 93% year-over-year, exceeding $1 billion for the first time, with government revenues at $570 million for the quarter. Shares rose by 5% in after-hours trading [3] - NXP Semiconductor reported Q4 earnings of $3.35 per share, beating estimates by 5 cents, with revenues of $3.34 billion, slightly above the $3.30 billion consensus. Auto industry performance met expectations, with overall margins at 57%. Shares fell by 4.5% following the report, and next-quarter revenue guidance was only partially raised [4] Upcoming Economic Data - The Job Openings and Labor Turnover Survey (JOLTS) for December is expected to show a relatively low 7.1 million job openings. S&P Services PMI and ISM Services for January are also anticipated to exceed the 50-level [5] - Earnings reports from PayPal, Merck, PepsiCo, and Shopify are scheduled for Tuesday, with AMD's earnings to be released after the market close [6]
Albemarle (ALB) Stock Falls Amid Market Uptick: What Investors Need to Know
ZACKS· 2026-02-02 23:51
Company Performance - Albemarle's stock closed at $164.93, reflecting a decrease of -3.34% from the previous day, underperforming the S&P 500 which gained 0.54% [1] - The stock has increased by 18.55% over the past month, outperforming the Basic Materials sector's gain of 7.23% and the S&P 500's gain of 0.74% [1] Upcoming Earnings - Albemarle's earnings report is scheduled for February 11, 2026, with projected earnings per share (EPS) of -$0.52, indicating a 52.29% increase from the same quarter last year [2] - The Zacks Consensus Estimate for revenue is $1.35 billion, representing a 9.58% increase from the previous year [2] Fiscal Year Estimates - For the entire fiscal year, the Zacks Consensus Estimates predict an EPS of -$0.9 and revenue of $5.06 billion, showing changes of +61.54% and 0% respectively from the prior year [3] - Recent adjustments to analyst estimates reflect shifting business dynamics, with positive revisions indicating analysts' confidence in the company's performance [3] Zacks Rank and Performance - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has a strong track record, with 1 rated stocks averaging an annual return of +25% since 1988 [5] - Albemarle currently holds a Zacks Rank of 1 (Strong Buy), with a 180.18% rise in the Zacks Consensus EPS estimate over the past month [5] Valuation Metrics - Albemarle has a Forward P/E ratio of 48.83, significantly higher than the industry average Forward P/E of 16.91 [6] - The company has a PEG ratio of 3.05, which is in line with the Chemical - Diversified industry average [6] Industry Context - The Chemical - Diversified industry, part of the Basic Materials sector, holds a Zacks Industry Rank of 210, placing it in the bottom 15% of over 250 industries [7] - The Zacks Industry Rank indicates that top-rated industries outperform the bottom half by a factor of 2 to 1 [7]
Groupon (GRPN) Outperforms Broader Market: What You Need to Know
ZACKS· 2026-02-02 23:51
Group 1 - Groupon's stock closed at $14.41, reflecting a +1.84% change from the previous day's closing price, outperforming the S&P 500's daily gain of 0.54% [1] - The stock has decreased by 18.26% over the past month, underperforming the Retail-Wholesale sector's gain of 3.66% and the S&P 500's gain of 0.74% [1] Group 2 - The upcoming earnings release is anticipated, with expected EPS of $0.19, representing a 115.83% increase from the prior-year quarter, and projected revenue of $137.94 million, up 5.8% from the year-ago period [2] - For the full year, analysts expect earnings of -$2.09 per share and revenue of $503.65 million, indicating changes of -38.41% and 0% respectively from last year [3] Group 3 - Recent estimate revisions are seen as indicative of near-term business trends, with positive revisions suggesting a favorable business outlook [3][4] - The Zacks Rank system, which incorporates estimate changes, currently ranks Groupon as 4 (Sell), with a consensus EPS projection that has decreased by 14.29% in the past 30 days [5] Group 4 - Groupon's Forward P/E ratio is 19.12, which is higher than the industry average Forward P/E of 16.07, indicating a premium valuation [6] - The Internet - Commerce industry, part of the Retail-Wholesale sector, has a Zacks Industry Rank of 179, placing it in the bottom 27% of over 250 industries [6]
SM Energy (SM) Stock Falls Amid Market Uptick: What Investors Need to Know
ZACKS· 2026-02-02 23:51
SM Energy (SM) closed the most recent trading day at $18.93, moving -2.77% from the previous trading session. The stock trailed the S&P 500, which registered a daily gain of 0.54%. On the other hand, the Dow registered a gain of 1.05%, and the technology-centric Nasdaq increased by 0.56%. Shares of the independent oil and gas company have appreciated by 1.78% over the course of the past month, underperforming the Oils-Energy sector's gain of 10.35%, and outperforming the S&P 500's gain of 0.74%.Investors wi ...
Diversified Energy Company PLC (DEC) Stock Dips While Market Gains: Key Facts
ZACKS· 2026-02-02 23:51
Diversified Energy Company PLC (DEC) ended the recent trading session at $12.99, demonstrating a -2.99% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 0.54%. At the same time, the Dow added 1.05%, and the tech-heavy Nasdaq gained 0.56%. Heading into today, shares of the gas and oil production company had lost 9.53% over the past month, lagging the Oils-Energy sector's gain of 10.35% and the S&P 500's gain of 0.74%.Market participants will be close ...
Kayne Anderson Energy Infrastructure Fund Provides Unaudited Balance Sheet Information and Announces Its Net Asset Value and Asset Coverage Ratios as of January 31, 2026
Globenewswire· 2026-02-02 23:50
HOUSTON, Feb. 02, 2026 (GLOBE NEWSWIRE) -- Kayne Anderson Energy Infrastructure Fund, Inc. (the “Company”) (NYSE: KYN) today provided a summary unaudited statement of assets and liabilities and announced its net asset value and asset coverage ratios under the Investment Company Act of 1940 (the “1940 Act”) as of January 31, 2026. As of January 31, 2026, the Company’s net assets were $2.5 billion, and its net asset value per share was $14.55. As of January 31, 2026, the Company’s asset coverage ratio under t ...
Alten S.A. (ABLGF) Q4 2025 Sales/Trading Call Transcript
Seeking Alpha· 2026-02-02 23:50
PresentationUnknown Attendee Hello, everybody. I would like to thank you very much for attending this conference, which is for Alten for the presentation of the activity and the turnover by the end of December 2025. The situations are different according to different geographical sectors. By the end of December '25, the turnover is at EUR 4,143 billion compared to last year, more than EUR 100 million roughly. In France, the activity has -- I'm sorry, I was mixing up with the global level. The activity has ...
SMARTSHEET DEADLINE: ROSEN, SKILLED INVESTOR COUNSEL, Encourages Smartsheet Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - SMAR
Globenewswire· 2026-02-02 23:49
NEW YORK, Feb. 02, 2026 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds all former stockholders of Smartsheet Inc. (NYSE: SMAR) in connection with the January 2025 sale (the “Merger” or “Buyout”) of Smartsheet to affiliates of investment funds managed by affiliates of Blackstone Inc. (collectively “Blackstone”), investment funds managed by Vista Equity Partners Management, LLC (“Vista Equity Partners” or “Vista”), and Platinum Falcon B 2018 RSC Limited, an indirect wholl ...
INVESTOR ALERT: Investigation of PennyMac Financial Services, Inc. (PFSI) by Holzer & Holzer, LLC
Globenewswire· 2026-02-02 23:48
ATLANTA, Feb. 02, 2026 (GLOBE NEWSWIRE) -- Holzer & Holzer, LLC is investigating whether PennyMac Financial Services, Inc. (“PennyMac” or the “Company”) (NYSE: PFSI) complied with federal securities laws. On January 29, 2026, PennyMac reported fourth quarter and full-year 2025 results, revealing that pretax income excluding valuation-related items was down 70 percent from the prior quarter, which the Company said was “driven primarily by increased realization of mortgage servicing rights (MSR) cash flows as ...
New Jersey Resources (NJR) Surpasses Q1 Earnings and Revenue Estimates
ZACKS· 2026-02-02 23:46
New Jersey Resources (NJR) came out with quarterly earnings of $1.17 per share, beating the Zacks Consensus Estimate of $0.95 per share. This compares to earnings of $1.29 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +23.16%. A quarter ago, it was expected that this energy services holding company would post earnings of $0.15 per share when it actually produced earnings of $0.16, delivering a surprise of +6.67%.Over the las ...