We went looking for the greatest companies outside the U.S. and came up with eight proven picks. Here’s one of them: Nestl茅 (NSRGY). To make the list, the businesses had to have U.S.-traded shares and be industry leaders. They also had to possess substantial financial resources to weather rough economic times. Finally, we sought companies that had significant catalysts to drive the next phase of their growth.
See Also: 6 Good Dividend Stocks Yielding 5% or More
Read more about the case for investing in Nestl茅 below. Prices and related figures for U.S.-traded shares are as of August 23. Earnings estimates are for calendar 2016 and 2017, unless otherwise noted. Price-earnings ratios are based on estimated 2016 earnings, unless otherwise indicated. Also, take a look at seven more great stocks from around the world.
online stock exchange: Dover Corporation(DOV)
- [By Jon C. Ogg]
Dover Corp. (NYSE: DOV) was at $75.19 at the end of 2016 and the firm has a $85.00 price objective. This is 13% in implied upside for Dover, before considering its 2.3% dividend yield.
online stock exchange: NiSource, Inc(NI)
- [By Lisa Levin]
In trading on Thursday, utilities shares fell by 2.01 percent. Meanwhile, top losers in the sector included Unitil Corporation (NYSE: UTL), down 9 percent, and NiSource Inc. (NYSE: NI), down 5 percent.
online stock exchange: Staples, Inc.(SPLS)
- [By Ben Levisohn]
Staples (SPLS) tumbled to the bottom of the S&P 500 today after releasing earnings today.
Staples dropped 5.2% to $8.49 at 4:45 p.m. today, while the S&P 500 rose 0.1% to 2,364.87.
Staples reported a profit of 25 cents a share, missing forecasts for 26 cents a share, on sales of $4.6 billion, missing expectations for $5.04 billion. Staples said it would earn from 15 cents to 18 cents in the first quarter of 2017, while analysts had been predicting 17 cents. Staples also said it would close 70 stores in 2017 after closing 48 in 2016.
Staples market capitalization fell to $5.5 billion today from $5.8 billion yesterday.
- [By Javier Hasse]
Multiple-award-winning Trimaker is the leader in terms of sales in 3D printing in the region, serving clients like Staples, Inc. (NASDAQ: SPLS), Toyota Motor Corp (ADR) (NYSE: TM), Kraft Heinz Co (NASDAQ: KHC) and Telefonica S.A. (ADR) (NYSE: TEF). The company not only manufactures its own 3D printers, but also offers materials and related services.
- [By Ben Levisohn]
Staples (SPLS) soared to the top of the S&P 500 today on reports that the office-supplies retailer was considering selling itself.
Agence France-Presse/Getty Images
Staples gained 9.8% to $9.51 today, while the S&P 500 ticked up 0.1% to 2,360.16.
CFRA’s Efraim Levy doesn’t see a “natural buyer” for Staples but remain Buy rated anyway:
Shares are higher on an unconfirmed WSJ report that SPLS is looking at the possible sale of the company. Our fundamentally valued 12-month target of $11, applies a below historical average P/E of 12.1X our FY 18 EPS estimate, given office industry challenges. Our target has 11% upside, plus a 5.5% yield. We don’t see a natural buyer for a large physical store office supply presence, although an activist/private-equity buyer is a possibility. To make an acquisition worthwhile, a buyer would have to be more aggressive in cost cutting and use of cash flow than SPLS’s existing plan.
Staples’ market capitalization rose to $6.2 billion today from $5.7 billion yesterday. It reported a net loss of $459 million on sales of $18.2 billion in fiscal 2017.
- [By Lisa Levin]
Shares of Staples, Inc. (NASDAQ: SPLS) got a boost, shooting up 7 percent to $9.25 on chatter that the company is targeted for an acquisition. Sycamore Partners, a private equity giant, is reportedly in advanced talks to acquire the office supply retailer, Reuters reported. The deal could value Staples at more than $6 billion, a premium to Staples' valuation of $5.60 billion as of Wednesday's market close.
online stock exchange: Alder BioPharmaceuticals, Inc.(ALDR)
- [By Paul Ausick]
Alder Biopharmaceuticals Inc. (NASDAQ: ALDR) posted a new 52-week low of $13.50on Tuesday, down nearly 28% compared with Monday’s closing price of $18.70. The stock’s 52-week high is $36.48. Volume totaled more than 12 million shares, about 12 times the daily average of around 720,000. The company reported that its migraine treatment reported a positive result, but investors were not impressed.
online stock exchange: DAVIDsTEA Inc.(DTEA)
- [By Monica Gerson]
DavidsTea Inc (NASDAQ: DTEA) is expected to post its quarterly earnings at $0.43 per share on revenue of $71.74 million.
SemiLEDs Corporation (NASDAQ: LEDS) is estimated to post its quarterly earnings.