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Strength Seen in Avient (AVNT): Can Its 13.7% Jump Turn into More Strength?
ZACKS· 2025-04-10 13:51
Company Overview - Avient (AVNT) shares increased by 13.7% to close at $32.89, following a significant trading volume compared to normal sessions, despite a 28.1% loss over the past four weeks [1] - The upcoming quarterly earnings for Avient are expected to be $0.76 per share, unchanged from the previous year, with revenues projected at $839.69 million, reflecting a 1.3% increase year-over-year [2] Earnings Estimates and Trends - The consensus EPS estimate for Avient has been revised down by 1.2% over the last 30 days, indicating a negative trend in earnings estimate revisions, which typically does not lead to price appreciation [4] - Empirical research suggests that trends in earnings estimate revisions are closely linked to near-term stock price movements, highlighting the importance of monitoring these changes [3] Industry Context - Avient operates within the Zacks Chemical - Diversified industry, which has seen a broader rise in material stocks due to President Trump's decision to pause reciprocal tariffs for 90 days [1] - Another company in the same industry, Dow Inc. (DOW), experienced a 15.7% increase in its stock price, closing at $29.86, despite a significant 29.6% decline over the past month [4] - Dow Inc.'s consensus EPS estimate has dropped by 32% over the past month to $0.04, representing a 92.9% decrease from the previous year's report, and it currently holds a Zacks Rank of 5 (Strong Sell) [5]
Capital One (COF) Surges 14.8%: Is This an Indication of Further Gains?
ZACKS· 2025-04-10 13:45
Capital One (COF) shares ended the last trading session 14.8% higher at $174.91. 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 7.9% loss over the past four weeks.Capital One stock rallied, driven by a massive jump in the broad markets. The jump was attributable to President Donald Trump’s announcement of a 90-day tariff pause for the non-retaliating nations. This cheered the investors, driving the COF stock highe ...
Freeport-McMoRan (FCX) Moves 15.5% Higher: Will This Strength Last?
ZACKS· 2025-04-10 13:40
Company Overview - Freeport-McMoRan (FCX) shares increased by 15.5% to close at $33.74, following a notable trading volume, contrasting with an 18.6% loss over the past four weeks [1] - The company is expected to report quarterly earnings of $0.26 per share, reflecting an 18.8% year-over-year decline, with revenues projected at $5.6 billion, down 11.4% from the previous year [2] Earnings Estimates and Trends - The consensus EPS estimate for FCX has been revised 9.4% higher in the last 30 days, indicating a potential for price appreciation [3] - A positive trend in earnings estimate revisions is typically associated with stock price increases, suggesting that FCX may experience further strength [3] Industry Context - FCX operates within the Zacks Mining - Non Ferrous industry, where First Quantum Minerals (FQVLF) also resides, having closed 14% higher at $12.01, despite a -12% return over the past month [3] - For First Quantum Minerals, the consensus EPS estimate has decreased by 37.5% to -$0.07, but represents a 65% change from the previous year's report [4]
HighPeak Energy (HPK) Moves 19.7% Higher: Will This Strength Last?
ZACKS· 2025-04-10 13:40
Company Overview - HighPeak Energy, Inc. (HPK) is an independent oil and natural gas company focused on the exploration and development of unconventional oil reserves [2] - The company’s stock price increased by 19.7% to close at $9.80, following a significant trading volume [1] Market Conditions - The rise in HighPeak Energy's stock price is part of a broader rally in the energy sector, influenced by President Trump's announcement to reduce tariffs and delay hikes for most countries [2] - Natural gas prices closed significantly higher, positively impacting companies like HighPeak Energy [2] Financial Performance - HighPeak Energy is expected to report quarterly earnings of $0.33 per share, reflecting a year-over-year decline of 10.8% [3] - Revenues are projected to be $257.96 million, down 10.4% from the same quarter last year [3] Earnings Estimates - The consensus EPS estimate for HighPeak Energy has been revised 90.5% higher over the last 30 days, indicating a positive trend in earnings estimate revisions [4] - A positive trend in earnings estimate revisions is typically associated with price appreciation, suggesting potential for further stock strength [4] Industry Context - HighPeak Energy is part of the Zacks Oil and Gas - Exploration and Production - United States industry [4] - Another company in the same industry, Range Resources (RRC), saw a 7.7% increase in its stock price, closing at $34.56, but has returned -14.3% over the past month [4]
Avnet (AVT) Moves 11.8% Higher: Will This Strength Last?
ZACKS· 2025-04-10 13:40
Company Overview - Avnet (AVT) shares increased by 11.8% to close at $46.41, following a broader market rally after US President Donald Trump's announcement to pause reciprocal tariffs for 90 days, although a baseline tariff of 10% on imports remains in effect [1] - The company is expected to report quarterly earnings of $0.72 per share, reflecting a year-over-year decline of 34.6%, with revenues projected at $5.29 billion, down 6.4% from the previous year [2] - The consensus EPS estimate for Avnet has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [3] Industry Context - Avnet operates within the Zacks Electronics - Parts Distribution industry, where another company, Wesco International (WCC), saw a 15.8% increase in its stock price, closing at $153.86, despite a -16% return over the past month [3] - Wesco International's consensus EPS estimate for its upcoming report is $2.23, which is a 3% decrease from the previous year, and it also holds a Zacks Rank of 3 (Hold) [4]
Oceaneering International (OII) Surges 13.4%: Is This an Indication of Further Gains?
ZACKS· 2025-04-10 13:40
Company Overview - Oceaneering International (OII) is a global provider of engineered services and products primarily to the offshore oil and gas industry [2] - The stock ended the last trading session at $18.08, reflecting a 13.4% increase, following a 16.8% loss over the past four weeks [1] Market Response - The positive movement in OII's stock is linked to the market's reaction to a tariff pause, which alleviated trade uncertainties and temporarily boosted oil and natural gas prices, benefiting energy service providers [2] - The broader market sentiment is influenced by President Trump's tariff policy [2] Earnings Expectations - Oceaneering International is expected to report quarterly earnings of $0.36 per share, representing a year-over-year increase of 157.1% [3] - Revenue expectations for the upcoming report are $663.56 million, which is a 10.8% increase from the same quarter last year [3] Stock Performance and Estimates - The consensus EPS estimate for OII has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [4] - The stock currently holds a Zacks Rank of 3 (Hold) [4] - In comparison, Core Laboratories (CLB), another company in the same industry, saw a 20.1% increase in its stock price but has returned -27.5% over the past month [4]
Strength Seen in Bio-Techne (TECH): Can Its 10.8% Jump Turn into More Strength?
ZACKS· 2025-04-10 13:40
Core Insights - Bio-Techne (TECH) shares increased by 10.8% to $54.07, following a significant trading volume, contrasting with a 16.5% decline over the past four weeks [1] - The stock's rise is attributed to investor optimism ahead of its fiscal 2025 Q3 financial results, set to be released on May 7 [2] - The company is projected to report quarterly earnings of $0.52 per share, reflecting an 8.3% year-over-year increase, with expected revenues of $316.3 million, a 4.2% increase from the previous year [3] Earnings Estimates and Trends - The consensus EPS estimate for Bio-Techne has remained stable over the last 30 days, indicating that stock price movements may not sustain without changes in earnings estimate revisions [4] - The stock currently holds a Zacks Rank of 3 (Hold), suggesting a neutral outlook [4] Industry Context - Bio-Techne operates within the Zacks Medical - Biomedical and Genetics industry, where NovoCure (NVCR) also resides, having experienced a 10.3% increase to $16.95, despite a -27.9% return over the past month [4] - NovoCure's consensus EPS estimate has remained unchanged at -$0.47, representing a -30.6% change compared to the previous year, and it currently holds a Zacks Rank of 4 (Sell) [5]
Element Solutions (ESI) Surges 10.7%: Is This an Indication of Further Gains?
ZACKS· 2025-04-10 13:35
Group 1: Element Solutions (ESI) Performance - Element Solutions (ESI) shares increased by 10.7% to $19.37 in the last trading session, following a significant volume of trading, contrasting with a 31.3% loss over the previous four weeks [1] - The rise in ESI was driven by a broader increase in material stocks after President Trump announced a 90-day pause on reciprocal tariffs for most countries [1] Group 2: Earnings Expectations - ESI is expected to report quarterly earnings of $0.33 per share, reflecting a year-over-year decline of 2.9%, while revenues are projected to be $586.13 million, an increase of 1.9% from the same quarter last year [2] - The consensus EPS estimate for ESI has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [3] Group 3: Industry Comparison - Element Solutions is part of the Zacks Chemical - Specialty industry, where another company, Celanese (CE), saw a 17.1% increase to $43.90, despite a 31.4% decline over the past month [3] - Celanese's consensus EPS estimate has decreased by 4.4% over the past month to $0.40, representing an 80.8% decline compared to the previous year's EPS, and it currently holds a Zacks Rank of 5 (Strong Sell) [4]
APA (APA) Surges 19.1%: Is This an Indication of Further Gains?
ZACKS· 2025-04-10 13:35
APA (APA) shares ended the last trading session 19.1% higher at $16.71. 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 26.9% loss over the past four weeks.APA Corporation, an American energy company that focuses on the exploration and production of oil and natural gas, saw a significant rise in its stock price. The increase was driven by a broader market rally that followed President Trump's decision to pause "rec ...
ASML (ASML) Soars 15.4%: Is Further Upside Left in the Stock?
ZACKS· 2025-04-10 13:35
Company Overview - ASML shares increased by 15.4% to close at $687.26, following a broader market rally after US President Trump's announcement to pause reciprocal tariffs for 90 days [1] - The stock had previously experienced a 13.7% loss over the past four weeks [1] Earnings Expectations - ASML is expected to report quarterly earnings of $6.12 per share, reflecting a year-over-year increase of 81.1% [2] - Revenue projections stand at $8.08 billion, which is a 40.7% increase compared to the same quarter last year [2] Market Trends - The consensus EPS estimate for ASML has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without earnings estimate revisions [3] - ASML holds a Zacks Rank of 2 (Buy), suggesting positive market sentiment [3] Industry Comparison - ASML is part of the Zacks Semiconductor Equipment - Wafer Fabrication industry, where Advanced Energy Industries (AEIS) also operates [3] - AEIS shares rose by 19.3% to $95.61, but have seen a decline of 22.4% over the past month [3] - AEIS has a consensus EPS estimate of $0.97, representing a 67.2% increase from the previous year, and holds a Zacks Rank of 3 (Hold) [4]