Hot Energy Stocks To Own Right Now

CERAWeek by IHS Markit, the largest gathering of energy executives and officials in the Americas, begins Monday. Here’s what we’ll be listening for over the five-day period: 

What’s OPEC’s next move?

Secretary General Mohammad Barkindo will dine with shale executives in Houston on Monday. Can the two rivals make peace as the price of oil recovers?

#lazy-img-324631544:before{padding-top:56.25%;}Where will the Permian go from here?

The world’s hottest oil field is still the subject of speculation about its maximum potential. Last year, Occidental Petroleum Corp.’s chief executive officer, Vicki Hollub, said output from the Permian could reach 5 million barrels a day. Pioneer Natural Resources Co. Chairman Scott Sheffield doubled that — saying it could hit 10 million by 2027. This year, we’ll listen for any change in tone from Occidental and Pioneer, as well as whatever Centennial Resource Development Inc. CEO Mark Papa has to say on shale output forecasts.

Hot Energy Stocks To Own Right Now: Garmin Ltd.(GRMN)

Advisors’ Opinion:

  • [By Demitrios Kalogeropoulos]

    Garmin (NASDAQ:GRMN) recently announced robust sales and profit growth over the holiday shopping season, which allowed the GPS device specialist to trounce its financial targets for the year. The company also issued 2019 guidance that amounts to more gains in its headline operating metrics.

  • [By Demitrios Kalogeropoulos]

    In contrast, Garmin (NASDAQ:GRMN) sells a wide range of consumer tech devices outside of the wearable-tech segment. This diverse portfolio includes the marine and aviation products that helped sales and profitability both inch higher last year even as Fitbit’s top and bottom lines collapsed. Sure, Garmin’s revenue expansion pace isn’t likely to accelerate much from its current modest rate, while Fitbit could post a dramatic rebound in 2019. But there’s also a much lower chance that the GPS device giant will post an annual loss, as Fitbit has done in each of the last two fiscal years.

  • [By Ethan Ryder]

    Hosking Partners LLP raised its stake in shares of Garmin Ltd. (NASDAQ:GRMN) by 4.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 263,091 shares of the scientific and technical instruments company’s stock after acquiring an additional 11,408 shares during the quarter. Hosking Partners LLP owned approximately 0.14% of Garmin worth $15,504,000 at the end of the most recent reporting period.

Hot Energy Stocks To Own Right Now: Volkswagen Aktiengesellschaft (VLKAY)

Advisors’ Opinion:

  • [By John Rosevear]

    BMW joins rival Volkswagen AG (NASDAQOTH:VLKAY) as a CATL customer. VW, which is expected to launch several battery-electric vehicles over the next couple of years, has signed battery contracts worth about $25 billion in total with CATL and two of its Korean rivals, LG Chem and Samsung SDI. Another BMW rival, Mercedes-Benz parent Daimler AG, said that it is in talks with CATL about buying batteries from the Erfurt plant.

  • [By ]

    Volkswagen AG (VLKAY) led the Dax higher, gaining 1.02% to €178.82, after the German carmaker reshuffled its top management, naming former BMW AG (BMWYY) executive Herbert Diess as CEO, replacing Matthias Mueller, in the company’s biggest management change since the diesel emissions scandal in 2015.

  • [By ]

    Volkswagen AG (VLKAY) shares were also on the back foot, falling 2.4% in Frankfurt and holding down gains for the DAX performance index after news late Thursday that former CEO Martin Winterkorn had been charged with conspiracy by the U.S. Department of Justice for his role in the firm’s diesel-gate scandal.  

  • [By John Rosevear]

    Prosecutors in Munich, Germany, who have been investigating Volkswagen AG’s (NASDAQOTH:VLKAY) diesel-emissions cheating scandal searched the homes of Audi CEO Rupert Stadler and another member of Audi’s executive team on Monday, according to multiple reports.

  • [By ]

    For that comparison, we showed the forecast price to sales multiples for Tesla, General Motors (NYSE:GM), Ford (NYSE:F), and Volkswagen (OTCPK:VLKAY) over the last 4 years (Figure 2). It is clear that Tesla’s P/S ratio is at a much higher level compared with the rest of its peers. If forecast P/S ratio is an indicator for investors’ perception of optionality, Tesla seems to process the largest optionality. It also indicates that Tesla’s optionality has been declining, approximately by 40-50%, in the recent period.

  • [By John Rosevear]

    Porsche is a small company by auto-industry standards. But because it’s a subsidiary of global giant Volkswagen AG (NASDAQOTH:VLKAY), Porsche’s elite engineering team can develop expensive advanced technology that it might not otherwise be able to afford to put into production.

Hot Energy Stocks To Own Right Now: Gogo Inc.(GOGO)

Advisors’ Opinion:

  • [By Demitrios Kalogeropoulos]

    Inflight internet service provider Gogo (NASDAQ:GOGO) trailed the market last month by shedding 26% compared to a 3.6% increase in the S&P 500, according to data provided by S&P Global Market Intelligence.

  • [By Keith Noonan]

    Gogo (NASDAQ:GOGO) stock gained 38.1% in January, according to data from S&P Global Market Intelligence. The in-flight broadband company’s stock fell roughly 44% from October through December, but shares saw substantial recovery early in 2019 thanks to a hardware performance fix, raised full-year guidance, and a rebound for the broader market after 2018’s turbulent close. 

  • [By Paul Ausick]

    Gogo Inc. (NASDAQ: GOGO) traded down more than 34% Tuesday to post a new 52-week low of $5.46 after closing Monday at $8.33. The stock’s 52-week high is $14.76. Volume was about 10 times the daily average of around 1.1 million shares. The in-flight WiFi provider had its credit rating downgraded and its outlook cut to negative this morning.

  • [By Stephan Byrd]

    Gogo Inflight Internet (NASDAQ:GOGO) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totalling 36,604,500 shares, an increase of 11.5% from the April 30th total of 32,815,192 shares. Currently, 65.4% of the company’s shares are sold short. Based on an average trading volume of 3,480,011 shares, the short-interest ratio is currently 10.5 days.

  • [By Max Byerly]

    BidaskClub lowered shares of Gogo (NASDAQ:GOGO) from a hold rating to a sell rating in a report released on Wednesday morning.

    A number of other research firms also recently weighed in on GOGO. Northland Securities set a $2.00 price target on Gogo and gave the company a sell rating in a research note on Tuesday, November 6th. ValuEngine raised Gogo from a hold rating to a buy rating in a research note on Tuesday, November 6th. Finally, Zacks Investment Research raised Gogo from a hold rating to a buy rating and set a $7.50 price target on the stock in a research note on Wednesday, November 14th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $7.65.

  • [By Ethan Ryder]

    ValuEngine lowered shares of Gogo (NASDAQ:GOGO) from a hold rating to a sell rating in a report issued on Thursday.

    Several other brokerages have also commented on GOGO. BidaskClub lowered shares of Gogo from a hold rating to a sell rating in a research report on Saturday, September 8th. Raymond James lowered shares of Gogo from an outperform rating to a market perform rating and set a $15.00 price target for the company. in a research report on Tuesday, July 24th. Morgan Stanley dropped their price target on shares of Gogo from $7.00 to $3.00 and set a positive rating for the company in a research report on Wednesday, May 30th. William Blair lowered shares of Gogo from an outperform rating to a market perform rating in a research report on Tuesday, July 17th. Finally, Zacks Investment Research raised shares of Gogo from a sell rating to a hold rating in a research report on Tuesday, August 7th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. Gogo presently has an average rating of Hold and an average target price of $8.38.

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