Advanced Micro Devices Inc. (NASDAQ: AMD) stock price rose more than 5.5x from $18 in 2018 end to around $102 currently, primarily due to favorable changes in its sales and P/S multiple. During this period, the company witnessed a stellar 192% rise in revenues, and combined with a higher P/S multiple, the company’s stock price...
We think that Centene stock (NYSE: CNC) currently is a better pick compared to the pharmaceuticals bellwether Johnson & Johnson stock (NYSE: JNJ), given Centene’s better prospects and comparatively lower valuation. CNC stock trades at a P/S ratio of 0.4x, compared to 4.0x for JNJ stock. This gap in valuation can be attributed to J&J’s superior profitability...
We think that DENTSPLY stock (NASDAQ: XRAY), a dental equipment company, is currently a better pick than ConMed (NASDAQ: CNMD), a medical devices company that specializes in products for orthopedic and general surgery, given its better prospects and a comparatively lower valuation. XRAY stock is trading at 1.9x trailing revenues compared to 3.3x for CNMD stock....
The shares of United States Steel Corporation (NYSE: X) are reporting a correction after observing a strong rally in early 2022. As the Russia-Ukraine war continues to trigger volatility in global energy markets, EIA has projected the Brent benchmark to trend lower in 2023 – indicating a likelihood of a rise in discretionary spending in...
Zynga stock (NASDAQ: ZNGA) has fallen 13% in a month, while it’s up 18% YTD. The company recently reported downbeat Q1 results, with earnings of $0.07 on a per share and adjusted basis falling below the $0.09 consensus estimate. Similarly, net bookings of $695 million fell short of the $741 million consensus estimate. The company’s management...
Walmart (NYSE: WMT), the world’s largest retailer by revenue, is a more affordable option for consumers, particularly during times of high inflation. Even during the 2008 financial crisis, WMT stock increased by as much as 13% from its approximate pre-crisis level of $33 in October 2007 to levels of around $38 in March 2009. This...
Sirius XM (NASDAQ: SIRI), a leading provider of satellite radio, is scheduled to announce its fiscal first-quarter results on Thursday, April 28. We expect Sirius XM stock to likely trade higher due to better-than-expected Q1 results with revenue and earnings both beating market expectations. The company has a long history of providing conservative guidance for...
Mastercard (NYSE: MA) is scheduled to report its fiscal Q1 2022 results on Thursday, April 28. We expect Mastercard to top the consensus estimates of revenues and earnings. The company is the second-largest global payment solutions provider. It posted better than expected results in the last quarter, with net revenues (revenues minus rebates & incentives)...
Moderna stock (NASDAQ: MRNA) has rallied by almost 30% over the last month (around twenty-one trading days), considerably outperforming the S&P 500 which was up by about 5% over the same period. While Covid-19 infections in the U.S. have trended sharply lower, there have been quite a few developments that have lifted the Covid-19 vaccine...
W. R. Berkley stock (NYSE: WRB) has gained 1.9% in the last week, outperforming the S&P 500 (up 0.4%). Further, the same trend was observed over the last ten days (up 4.9% vs 2.5%) and one month (up 10% vs 3.2%). The recent stock market volatility is mainly because of the Ukraine and Russia crisis...