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The European Central Bank’s choice of Portugal for its annual forum puts its officials in a nation that shows what can be achieved by cheap funding and a program of economic reform — and the limits.
Portuguese unemployment has dived since the euro area came out of a double-dip recession and debt crisis in 2013, and is now below the currency bloc’s average. The turnaround is partly due to economic reforms required as part of its 2011 bailout by the European Union and the International Monetary Fund, and partly because of the ECB’s ultra-low interest rates and bond-buying.
Best Cheap Stocks To Buy For 2018: Emerson Electric Company(EMR)
- [By Ethan Ryder]
Cullen Frost Bankers Inc. reduced its stake in Emerson Electric Co. (NYSE:EMR) by 4.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,915 shares of the industrial products company’s stock after selling 3,534 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Emerson Electric were worth $5,527,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
- [By Benzinga News Desk]
Former President George H.W. Bush has been hospitalized in Houston with an infection, just after attending the funeral of his wife, Barbara, a spokesman said Monday: Link
Redbook Reports US Retail Sales During First 2 Weeks Of Apr. Up 0.3% MoM, Up 2.8% YoY
USA S&P/CaseShiller House Price Index (MoM) for Feb Up 0.7% MoM
New home sales report for March will be released at 10:00 a.m. ET.
The Conference Board’s consumer sentiment index for April is schedule for release at 10:00 a.m. ET.
The Richmond Fed manufacturing index for April will be released at 10:00 a.m. ET.
The Treasury is set to auction 4-and 52-week bills at 11:30 a.m. ET.
The Treasury will auction 2-year notes at 1:00 p.m. ET.
Leerink upgraded Cardinal Health (NYSE: CAH) from Market Perform to Outperform
Berenberg upgraded Emerson Electric (NYSE: EMR) from Sell to Hold
Mizuho downgraded Skyworks (NASDAQ: SWKS) from Buy to Neutral
BMO downgraded Texas Roadhouse (NASDAQ: TXRH) from Outperform to Market Perform
This is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five minutes. To get the full version of this note every morning, click here.
- [By Shane Hupp]
Element Capital Management LLC acquired a new stake in Emerson Electric Co. (NYSE:EMR) in the 1st quarter, HoldingsChannel.com reports. The fund acquired 202,986 shares of the industrial products company’s stock, valued at approximately $13,864,000.
- [By Stephan Byrd]
Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
Get Emerson Electric alerts:
Stocks This Week: Wells Fargo, Emerson Electric and CSX (finance.yahoo.com) Emerson Electric (EMR) & Philips (PHG) Financial Review (americanbankingnews.com) Emerson Electric (EMR) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com) Is It Time To Buy Emerson Electric Co (NYSE:EMR)? (finance.yahoo.com) Emerson Electric: An Autonomous Future (seekingalpha.com)
EMR has been the topic of a number of research reports. Zacks Investment Research raised shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a research note on Thursday, February 8th. UBS initiated coverage on shares of Emerson Electric in a research note on Monday, January 22nd. They issued a “buy” rating and a $73.26 price objective on the stock. Cowen reissued a “buy” rating and issued a $78.00 price objective on shares of Emerson Electric in a research note on Wednesday, April 18th. Stifel Nicolaus increased their price objective on shares of Emerson Electric from $79.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, May 3rd. Finally, Berenberg Bank raised shares of Emerson Electric from a “sell” rating to a “hold” rating and set a $69.00 price objective on the stock in a research note on Tuesday, April 24th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. Emerson Electric has a consensus rating of “Hold” and a consensus price target of $73.00.
- [By Neha Chamaria]
The first list of Dividend Aristocrats published in 1989 comprised 26 stocks. Remarkably, nine of the 26 stocks are still part of the Dividend Aristocrat group.
Dividend Aristocrat No. of Years of Consecutive Dividend Increases Payout Ratio (Last 12 Months) Current Dividend Yield
Colgate-Palmolive Company (NYSE: CL) 55 67.6% 2.7%
Dover Corp. (NYSE: DOV) 62 37.4% 2%
Emerson Electric(NYSE: EMR) 60 69% 2.62%
Genuine Parts Company(NYSE: GPC) 62 62.7% 3.12%
Johnson & Johnson(NYSE: JNJ) 55 724.9% 2.57%
Coca-Cola(NYSE: KO) 55 440.7% 3.5%
Lowe’s Companies(NYSE: LOW) 55 37.4% 1.97%
3M Company(NYSE: MMM) 60 70.4% 2.65%
Procter & Gamble(NYSE: PG) 62 72.2% 3.94%
Data source: S&P Global Market Intelligence, company financials, Yahoo Finance. Table by author.
- [By Max Byerly]
Flippin Bruce & Porter Inc. decreased its holdings in Emerson Electric (NYSE:EMR) by 33.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,251 shares of the industrial products company’s stock after selling 33,574 shares during the quarter. Flippin Bruce & Porter Inc.’s holdings in Emerson Electric were worth $4,525,000 as of its most recent filing with the Securities & Exchange Commission.
Best Cheap Stocks To Buy For 2018: Wendy’s/Arby’s Group Inc.(WEN)
- [By Ethan Ryder]
A.R.T. Advisors LLC lowered its stake in Wendys Co (NASDAQ:WEN) by 19.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 150,664 shares of the restaurant operator’s stock after selling 36,036 shares during the period. A.R.T. Advisors LLC owned 0.06% of Wendys worth $2,644,000 at the end of the most recent reporting period.
- [By Lisa Levin]
Companies Reporting After The Bell
Marriott International, Inc. (NASDAQ: MAR) is projected to post quarterly earnings at $1.22 per share on revenue of $5.72 billion.
Electronic Arts Inc. (NASDAQ: EA) is estimated to post quarterly earnings at $1.04 per share on revenue of $5.68 billion.
The Walt Disney Company (NYSE: DIS) is projected to post quarterly earnings at $1.68 per share on revenue of $14.05 billion.
Papa John's International, Inc. (NASDAQ: PZZA) is expected to post quarterly earnings at $0.62 per share on revenue of $441.73 million.
Jazz Pharmaceuticals plc (NASDAQ: JAZZ) is projected to post quarterly earnings at $2.77 per share on revenue of $434.87 million.
Sun Life Financial Inc. (NYSE: SLF) is estimated to post quarterly earnings at $0.89 per share on revenue of $6.38 billion.
LATAM Airlines Group S.A. (NYSE: LTM) is expected to post quarterly earnings at $0.16 per share on revenue of $2.70 billion.
Liberty Global plc (NASDAQ: LBTYA) is projected to post quarterly earnings at $0.02 per share on revenue of $4.05 billion.
TripAdvisor, Inc. (NASDAQ: TRIP) is expected to post quarterly earnings at $0.16 per share on revenue of $362.11 million.
The Wendy's Company (NASDAQ: WEN) is projected to post quarterly earnings at $0.1 per share on revenue of $379.98 million.
A-Mark Precious Metals, Inc. (NASDAQ: AMRK) is expected to post quarterly earnings at $0.06 per share on revenue of $1.69 billion.
Monster Beverage Corporation (NASDAQ: MNST) is estimated to post quarterly earnings at $0.4 per share on revenue of $849.38 million.
Convergys Corporation (NYSE: CVG) is expected to post quarterly earnings at $0.4 per share on revenue of $670.10 million.
ScanSource, Inc. (NASDAQ: SCSC) is projected to post quarterly earnings at $0.7 per share on revenue of $875.91 million.
KAR Auction Services, Inc. (NYSE: KAR) is expected to post quarterly earnings at $0.76 per share on revenue of $923.13
- [By ]
In the Lightning Round, Cramer was bullish on Spirit AeroSystems (SPR) , Take-Two Interactive (TTWO) , Dunkin Brands (DNKN) and Wendy’s (WEN) .
Cramer was bearish on Bristol-Myers Squibb (BMY) and Univar (UNVR) .
- [By Jeremy Bowman]
The chart below shows how McDonald’s compares with some of its closest peers based on its valuation and expected growth rate.
Company P/E Ratio 2-Year Expected EPS Growth Rate
McDonald’s (NYSE:MCD) 26.2 23.6%
Starbucks (NASDAQ:SBUX) 26.2 27.3%
Wendy’s (NASDAQ:WEN) 21.8 58.1%
Restaurant Brands International(NYSE:QSR) 21.4 41.9%
Yum! Brands(NYSE:YUM) 23.2 29.7%
Data source: Yahoo! Finance. EPS = earnings per share.
- [By Shane Hupp]
Wendy’s (NASDAQ:WEN)‘s stock had its “buy” rating reiterated by equities researchers at Argus in a research note issued to investors on Thursday. They currently have a $16.34 price target on the restaurant operator’s stock, down from their prior price target of $19.00.
- [By Leo Sun]
However, the fast casual market became increasingly crowded with rival chains like Panera Bread and Chipotle, and Zoe’s got squeezed between traditional dine-in restaurants like Darden’s Olive Garden and evolving fast food players like Wendy’s (NASDAQ:WEN) and McDonald’s (NYSE:MCD).
Best Cheap Stocks To Buy For 2018: Kohl’s Corporation(KSS)
- [By Jeremy Bowman]
Shares of Kohl’s (NYSE:KSS) were heading lower today as a warning from the department store chain about slowing sales growth in the second half overshadowed a strong first-quarter report. In fact, that response seemed to mirror the investor reaction to its fourth-quarter report. As of 2:51 p.m. EDT, the stock was trading down 6.4%.
- [By Chris Lange]
Kohls Corp. (NYSE: KSS) will share its latest quarterly earnings on Tuesday. The consensus estimates call for $0.50 in EPS and $3.95 billion in revenue. Shares ended last week at $63.67, in a 52-week range of $35.16 to $69.48. The consensus analyst target is $69.76.
- [By Logan Wallace]
Kohl’s Co. (NYSE:KSS) shares reached a new 52-week high and low on Tuesday . The stock traded as low as $75.67 and last traded at $74.85, with a volume of 426980 shares changing hands. The stock had previously closed at $71.71.
- [By Matt Hogan]
Against this backdrop, screening for a potentially overlooked value stock with signs of a turnaround itself makes for a compelling thesis. Department store operator Kohl's Corporation (NYSE: KSS) seems to fit the bill. The company posted impressive numbers last quarter (more on those below) and finbox.io valuation models show nearly 30 percent upside. With Kohl's set to announce earnings on the 22nd, let's take a closer look at the company's recent performance, competitive position, and strategic initiatives.
- [By Asit Sharma]
To me, the introduction of delightful uncertainty is reminiscent of Kohl’s (NYSE:KSS) gamification of shopping. Kohl’s features a more stable, predictable, department-store-genre selection of goods. Yet it dangles layers of discounts and promotions, which can then be combined with “Kohl’s Cash” (customer rewards generated by prior purchases) to serially reduce the list price of an item at checkout. Both TJX and Kohl’s attempt to bolster value with fun, in order to maintain steady traffic into their respective stores.
- [By Adam Levine-Weinberg]
After initially declining following the company’s first-quarter earnings report, shares of Kohl’s (NYSE:KSS) went on a furious rally beginning in late May. Kohl’s stock jumped 30% in the span of just three weeks, hitting a new all-time high around $80 last week.
Best Cheap Stocks To Buy For 2018: Rent-A-Center Inc.(RCII)
- [By Chris Lange]
Rent-A-Center Inc. (NASDAQ: RCII) shares made an incredible gain on Monday after the company announced that it would be taken private by Vintage Rodeo Parent, an affiliate of Vintage Capital Management.
- [By ]
Engaged Capital maintained large positions in Rent-A-Center (RCII) , TiVo (TIVO) , Hain Celestial (HAIN) , SunOpta and Jamba Inc. (JMBA) , all companies that have either previously been targeted by Welling or currently are in his cross-hairs.
- [By Shane Hupp]
Shares of Rent-A-Center Inc (NASDAQ:RCII) have received a consensus rating of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $8.75.
- [By Ethan Ryder]
Rent-A-Center (NASDAQ:RCII) gapped down before the market opened on Wednesday . The stock had previously closed at $9.36, but opened at $9.43. Rent-A-Center shares last traded at $9.54, with a volume of 375675 shares changing hands.
- [By Dan Caplinger]
Monday was a weak day for the stock market, with most major benchmarks losing ground. Further concerns about the potential for a deepening divide between the U.S. and China weighed on sentiment, and some also fear that steadily rising interest rates could eventually put pressure on stocks. Yet some companies still had good news that sent their individual shares higher. Rent-A-Center (NASDAQ:RCII), PTC Therapeutics (NASDAQ:PTCT), and Dropbox (NASDAQ:DBX) were among the best performers on the day. Here’s why they did so well.
- [By Ethan Ryder]
Get a free copy of the Zacks research report on Rent-A-Center (RCII)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Best Cheap Stocks To Buy For 2018: International Business Machines Corporation(IBM)
- [By Anders Bylund, Timothy Green, and Steve Symington]
Anders Bylund (IBM): Big Blue is changing, and the transformation hurts. The technology giant has been shedding hardware operations in recent years in an effort to refocus on artificial intelligence, mobile software, and cloud computing.
- [By Timothy Green]
One of the cornerstones of International Business Machines’ (NYSE:IBM) ongoing transformation is cognitive computing, which encompasses artificial intelligence and other related technologies. IBM is a business that serves other businesses, and its approach to AI stays true to its purpose. IBM Watson, the company’s well-known AI system, is being used in industries like healthcare and financial services to augment the skills of professionals in those fields. The long-term potential of the technology is immense.
- [By Timothy Green, Neha Chamaria, and Rich Smith]
You could play the bitcoin “greater fool” game, and it might work out if you get lucky. But buying shares of high-quality companies is a much better strategy. Which stocks should you buy? Take a look at International Business Machines (NYSE:IBM), Canopy Growth (NYSE:CGC), and SolarEdge (NASDAQ:SEDG).
- [By Daniel B. Kline]
Technology is a wide-ranging term: It has expanded far beyond what would have once been considered the typical tech stocks, including computer companies likeApple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), IBM (NYSE:IBM), and others. It’s not even fair to call any of these three brands computer companies anymore. They operate in a variety of other segments that are all part of the technology market, including but not limited to:
- [By Timothy Green]
In 2011, International Business Machines (NYSE:IBM) generated just shy of $107 billion in revenue. By 2017, that number had tumbled to $79 billion. As the company painstakingly worked to transform itself, investing in artificial intelligence and cloud computing, revenue declined on a year-over-year basis for 22 consecutive quarters. That streak was finally put to bed in the fourth quarter of 2017.