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Core Scientific, Inc. (CORZ) Moves 33.0% Higher: Will This Strength Last?
ZACKS· 2025-06-27 13:51
Core Scientific, Inc. (CORZ) shares soared 33% in the last trading session to close at $16.36. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 14.1% gain over the past four weeks.The recent surge in Core Scientific shares can be attributed to renewed buyout talks with CoreWeave, an AI cloud infrastructure provider. According to reports, CoreWeave has re-entered advanced negotiations to acquire Core Scientific, reigniting investor ...
Upstart Holdings, Inc. (UPST) Exceeds Market Returns: Some Facts to Consider
ZACKS· 2025-06-26 23:01
In the latest trading session, Upstart Holdings, Inc. (UPST) closed at $63.35, marking a +1.46% move from the previous day. This move outpaced the S&P 500's daily gain of 0.8%. On the other hand, the Dow registered a gain of 0.94%, and the technology-centric Nasdaq increased by 0.97%. Heading into today, shares of the company had gained 32.82% over the past month, outpacing the Finance sector's gain of 2.69% and the S&P 500's gain of 5.12%.Analysts and investors alike will be keeping a close eye on the perf ...
CleanSpark (CLSK) Outperforms Broader Market: What You Need to Know
ZACKS· 2025-06-26 22:46
Core Viewpoint - CleanSpark's stock performance has outpaced major indices, with a notable increase over the past month, while upcoming financial results are anticipated to show significant revenue growth despite a projected decline in earnings per share [1][2][3]. Group 1: Stock Performance - CleanSpark (CLSK) increased by 1.98% to $10.81, outperforming the S&P 500, which gained 0.8% [1] - Over the past month, CleanSpark's shares have risen by 16.36%, while the Finance sector and S&P 500 gained 2.69% and 5.12%, respectively [1] Group 2: Financial Results Expectations - CleanSpark is expected to report an EPS of -$0.03, reflecting a 400% decline compared to the same quarter last year [2] - Revenue is projected to be $195.29 million, indicating an 87.58% increase year-over-year [2] Group 3: Fiscal Year Projections - For the entire fiscal year, earnings are estimated at $0.62 per share and revenue at $777.01 million, representing increases of 338.46% and 105.03% from the previous year [3] - Recent analyst estimate revisions are crucial as they reflect confidence in CleanSpark's business performance [3] Group 4: Valuation Metrics - CleanSpark's Forward P/E ratio is currently 17.1, which is a premium compared to the industry average of 11.65 [6] - The Financial - Miscellaneous Services industry, part of the Finance sector, holds a Zacks Industry Rank of 91, placing it in the top 37% of over 250 industries [6] Group 5: Analyst Ratings - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently rates CleanSpark at 3 (Hold) [5] - The Zacks Consensus EPS estimate has decreased by 100% over the past month, indicating a cautious outlook [5]
Jefferies (JEF) Q2 Earnings Match Estimates
ZACKS· 2025-06-25 22:31
Core Viewpoint - Jefferies reported quarterly earnings of $0.43 per share, matching the Zacks Consensus Estimate, but down from $0.67 per share a year ago [1]. Financial Performance - Revenues for the quarter ended May 2025 were $1.63 billion, exceeding the Zacks Consensus Estimate by 5.13%, but down from $1.66 billion year-over-year [2]. - Over the last four quarters, Jefferies has surpassed consensus EPS estimates only once and topped revenue estimates twice [2]. Stock Performance - Jefferies shares have declined approximately 29.4% year-to-date, contrasting with the S&P 500's gain of 3.6% [3]. - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6]. Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.66 on revenues of $1.74 billion, and for the current fiscal year, it is $2.42 on revenues of $6.8 billion [7]. - The trend of earnings estimate revisions is mixed ahead of the earnings release, which may influence future stock movements [6]. Industry Context - The Financial - Miscellaneous Services industry, to which Jefferies belongs, is currently ranked in the top 35% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8].
Inter & Co. Inc. (INTR) is a Great Momentum Stock: Should You Buy?
ZACKS· 2025-06-25 17:01
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...
Is the Options Market Predicting a Spike in LendingClub Stock?
ZACKS· 2025-06-25 14:41
Clearly, options traders are pricing in a big move for LendingClub shares, but what is the fundamental picture for the company? Currently, LendingClub is a Zacks Rank #3 (Hold) in the Financial - Miscellaneous Services industry that ranks in the Top 35% of our Zacks Industry Rank. Over the last 60 days, two analysts have increased their earnings estimates for the current quarter, while three analysts have revised their estimates downward. The net effect has taken our Zacks Consensus Estimate for the current ...
What Makes Axos Financial (AX) a Strong Momentum Stock: Buy Now?
ZACKS· 2025-06-24 17:01
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Loo ...
Is Axos Financial (AX) Stock Outpacing Its Finance Peers This Year?
ZACKS· 2025-06-24 14:41
Company Performance - Axos Financial (AX) has returned 6.7% year-to-date, outperforming the Finance sector's average return of 5.8% [4] - The Zacks Consensus Estimate for Axos Financial's full-year earnings has increased by 2% over the past quarter, indicating improving analyst sentiment [3] Industry Context - Axos Financial is part of the Financial - Miscellaneous Services industry, which has seen an average loss of 3.3% this year, highlighting Axos Financial's relative strength [5] - The Finance sector includes 857 individual stocks and currently holds a Zacks Sector Rank of 5, indicating its performance relative to other sectors [2] Comparative Analysis - Banco Santander-Chile (BSAC) has significantly outperformed the Finance sector with a year-to-date return of 25.5% and has a Zacks Rank of 1 (Strong Buy) [4][5] - The Banks - Foreign industry, to which Banco Santander-Chile belongs, has moved up by 21.8% this year, ranking 17 among 66 industries [6]
Virtu Financial (VIRT) Is Up 3.40% in One Week: What You Should Know
ZACKS· 2025-06-23 17:01
Group 1 - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling higher, capitalizing on established price movements [1] - Virtu Financial (VIRT) currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The Zacks Rank for Virtu Financial is 1 (Strong Buy), suggesting that stocks with this rating and a Style Score of A or B tend to outperform the market in the following month [3] Group 2 - Over the past week, VIRT shares increased by 3.4%, while the Zacks Financial - Miscellaneous Services industry remained flat [5] - In the last quarter, VIRT shares rose by 12.61%, and over the past year, they gained 84.71%, significantly outperforming the S&P 500, which increased by 5.61% and 10.35% respectively [6] - VIRT's average 20-day trading volume is 755,378 shares, indicating a bullish sign with rising stock prices [7] Group 3 - Recent earnings estimate revisions for VIRT show a positive trend, with 5 estimates moving higher and none lower, raising the consensus estimate from $3.66 to $3.98 over the past 60 days [9] - For the next fiscal year, 5 estimates have also moved upwards without any downward revisions, reinforcing the positive outlook for VIRT [9] Group 4 - Considering all factors, VIRT is classified as a 1 (Strong Buy) stock with a Momentum Score of A, making it a promising near-term investment option [11]
Are Finance Stocks Lagging Royal Bank Of Canada (RY) This Year?
ZACKS· 2025-06-23 14:40
Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Is Royal Bank (RY) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.Royal Bank is a member of the Finance sector. This group includes 857 individual stocks and currently holds a Zacks Sector Rank of #4. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to ga ...