Buying opportunity found in market sell-off
Sometimes the equities market does not correlate fundamentals of a business to the stock price. When situations like these happen, buying opportunities come up. Tyson Foods (NYSE:TSN) represents a buying opportunity now. The market sold off the stock around 8% amid a lawsuit filed last month in federal court in Illinois by U.S. food distributors, against Tyson Foods Inc, Pilgrim’s Pride Corp (NASDAQ:PPC), Sanderson Farms Inc (NASDAQ:SAFM) and Perdue Farms on wholesale chicken price manipulation. Tyson’s stock price has not bounced back to its last high since the lawsuit filing in late January 2018. Despite the sell-off, Tyson has shown strong fundamentals and intentions on cutting down costs through acquisitions, expected to result in cost synergy benefits of $200 million. According to the database IBISWorld Tyson Foods is a market leader with market share of about 14% in a robust and matured meat industry. Tyson Foods is a great value idea for investors who want to own stock of a stable business with great profits, and a robust dividend backed by strong free cash flow.
Top High Tech Stocks To Buy For 2019: Interpublic Group of Companies, Inc. (IPG)
Advisors’ Opinion:
- [By Steve Symington]
Finally, Acxiom stock climbed 14.2% after Reuters reported early in the day that Interpublic Group (NYSE:IPG) was close to a deal to buy the database marketing company’s core marketing solutions unit.
- [By Logan Wallace]
Natixis Advisors L.P. boosted its position in shares of Interpublic Group of Companies Inc (NYSE:IPG) by 5.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 122,213 shares of the business services provider’s stock after purchasing an additional 6,018 shares during the period. Natixis Advisors L.P.’s holdings in Interpublic Group of Companies were worth $2,815,000 at the end of the most recent quarter.
- [By Logan Wallace]
Teacher Retirement System of Texas cut its stake in Interpublic Group of Companies (NYSE:IPG) by 1.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 334,571 shares of the business services provider’s stock after selling 4,261 shares during the period. Teacher Retirement System of Texas owned about 0.09% of Interpublic Group of Companies worth $7,705,000 as of its most recent SEC filing.
Top High Tech Stocks To Buy For 2019: Minerva Neurosciences, Inc(NERV)
Advisors’ Opinion:
- [By Max Byerly]
Minerva Neurosciences (NASDAQ:NERV) was upgraded by analysts at BidaskClub from a hold rating to a buy rating.
Nuvectra (NASDAQ:NVTR) was upgraded by analysts at BidaskClub from a hold rating to a buy rating.
- [By Lisa Levin] Gainers
Carver Bancorp, Inc. (NASDAQ: CARV) shares jumped 92.1 percent to $7.01.
iPic Entertainment Inc. (NASDAQ: IPIC) gained 21.6 percent to $9.73.
Baozun Inc. (NASDAQ: BZUN) shares jumped 18.7 percent to $53.49 after reporting Q1 results.
World Wrestling Entertainment, Inc. (NYSE: WWE) shares jumped 15.9 percent to $50.50. The company's "Smackdown Live" may not be renewed at NBCUniversal network and the company's "Monday Night Raw" program could be worth three times its current value elsewhere, according to a report for The Hollywood Reporter.
Spectrum Pharmaceuticals, Inc. (NASDAQ: SPPI) gained 14.7 percent to $ 20.46 after the company issued further details on Phase 3 ADVANCE study of ROLONTIS.
Motus GI Holdings, Inc. (NASDAQ: MOTS) climbed 13.4 percent to $5.5009.
Endocyte, Inc. (NASDAQ: ECYT) rose 13.3 percent to $ 14.23 after the company announced presentation of Phase 2 data from prostate cancer trial of 177Lu-PSMA-617 at the 2018 ASCO Annual Meeting.
Diana Containerships Inc. (NASDAQ: DCIX) gained 12.9 percent to $1.7499 after the company announced the sale of Post-Panamax Container Vessel for $21 million.
Essendant Inc. (NASDAQ: ESND) gained 12.7 percent to $12.43. Essendant confirmed receipt of unsolicited proposal from Staples of $11.50 per share in cash.
Blink Charging Co (NASDAQ: BLNK) rose 11.8 percent to $8.04 after surging 31.68 percent on Wednesday.
OptimumBank Holdings, Inc. (NASDAQ: OPHC) gained 11.5 percent to $5.15.
Flotek Industries, Inc. (NYSE: FTK) shares climbed 10.7 percent to $3.74.
Farmer Bros. Co. (NASDAQ: FARM) rose 7.9 percent to $25.95 after climbing 7.90 percent on Wednesday.
Minerva Neurosciences Inc (NASDAQ: NERV) rose 6.5 percent to $6.93 after Journal of Clinical Psychiatry published positive results of cognitive performance from Phase 2B trial of roluperidone in schizophrenia patients.
Williams Partners L.P. (NYSE: WPZ) rose 5.6 percent to $40 - [By Shane Hupp]
AnaptysBio (NASDAQ: NERV) and Minerva Neurosciences (NASDAQ:NERV) are both medical companies, but which is the superior business? We will contrast the two businesses based on the strength of their institutional ownership, analyst recommendations, valuation, profitability, risk, dividends and earnings.
Top High Tech Stocks To Buy For 2019: NovoCure Limited(NVCR)
Advisors’ Opinion:
- [By Chris Lange]
Novocure Ltd. (NASDAQ: NVCR) announced results from its Phase 3 INNOVATE trial of TTFields in platinum-resistant ovarian cancer. There were no major surprises, except study size is larger than some investors expected, which is not concerning. INNOVATE-3 is set to start later this year and as previously announced will enroll patients with recurrent platinum-resistant ovarian cancer.
- [By Beth McKenna]
Novocure Ltd. (NASDAQ:NVCR) stock jumped 16.3% in September, according to data from S&P Global Market Intelligence. For context, the S&P 500 returned 0.6% last month.
- [By Stephan Byrd]
JPMorgan Chase & Co. reaffirmed their buy rating on shares of Novocure (NASDAQ:NVCR) in a report issued on Sunday morning.
NVCR has been the subject of a number of other research reports. Mizuho reaffirmed a buy rating and issued a $32.00 price objective on shares of Novocure in a report on Wednesday, June 13th. BidaskClub downgraded shares of Novocure from a strong-buy rating to a buy rating in a report on Tuesday, July 31st. Evercore ISI began coverage on shares of Novocure in a report on Monday, July 16th. They issued an outperform rating and a $46.00 price objective for the company. Wedbush lifted their price objective on shares of Novocure from $33.00 to $40.00 and gave the stock an outperform rating in a report on Friday, July 27th. Finally, Deutsche Bank downgraded shares of Novocure from a buy rating to a hold rating in a report on Wednesday, July 25th. They noted that the move was a valuation call. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Novocure currently has an average rating of Buy and an average target price of $40.29.
Top High Tech Stocks To Buy For 2019: Sirius XM Radio Inc.(SIRI)
Advisors’ Opinion:
- [By Jon C. Ogg]
Sirius XM Holdings Inc. (NASDAQ: SIRI) has just received its most bullish sell-side analyst rating on Wall Street. Credit Suisse’s Brian Russo has raised the bar on Sirius XM with an Outperform rating with an $8.50 price target.
- [By Trey Thoelcke]
And short sellers may be keeping an eye on two of their favorite stocks in the days ahead. That’s because Sirius XM Holdings Inc. (NASDAQ: SIRI) has been pulling back from a multiyear high back in June and Advanced Micro Devices Inc. (NASDAQ: AMD) is retreating from an even more recent multiyear high. Note that both of these are among the most shorted stocks traded on the Nasdaq.
- [By Rick Munarriz]
It’s been a long time since the pessimism has been this thick when it comes to Sirius XM Holdings (NASDAQ:SIRI), judging by the number of people betting against the satellite radio provider. Sirius XM kicked off this month with nearly 275.5 million shares sold short, its highest tally on that front in more than a year.
- [By Rick Munarriz]
There are two ways to buy into the country’s lone provider of satellite radio, and one Wall Street pro thinks you should consider the road less traveled. Buckingham analyst Matthew Harrigan is downgrading shares of Sirius XM Holdings (NASDAQ:SIRI) on Monday, lowering his rating from buy to neutral.
- [By Motley Fool Staff]
The music industry has long featured surprising team-ups — former Police frontman Sting and the perpetually “boombastic” reggae artist Shaggy put out an album together this year, for example. But Monday, that duo was knocked out of the running for most interesting musical pairing of 2018 by news that Sirius XM (NASDAQ:SIRI) was purchasing Pandora for $3.5 billion in stock.
- [By Steve Symington, Reuben Gregg Brewer, and Sean Williams]
So, we asked three top Motley Fool contributors to each find a growth stock for the long term. Read on to learn why they like 2U (NASDAQ:TWOU), Sirius XM (NASDAQ:SIRI), and Eaton (NYSE:ETN).