The waiting list for Tesla’s new Model 3 is growing fast.
Tesla (TSLA) said Wednesday it is now averaging more than 1,800 net reservations each day for its cheaper electric car, following an event last week to hand over keys to the first 30 Model 3 vehicles.
Tesla did not provide an updated figure for its total waiting list. At the event last week, Tesla CEO Elon Musk said the reservation number was over 500,000. On a conference call with analysts Wednesday, he clarified the number was actually 455,000, including cancellations.
The strong demand is a mixed blessing for Tesla as it grapples with scaling up production to make good on deliveries for its first mass market car.
Tesla said it remains “on track” to hit its production goals. Tesla expects to produce 1,500 Model 3 vehicles in the upcoming third quarter, 5,000 vehicles produced per week by the end of this year and 10,000 per week by the end of 2018.
“What we have ahead of us, of course, is an incredibly difficult production ramp,” Musk said Wednesday. But Musk stressed there should be “zero” doubt of hitting the 10,000 mark next year.
Top 10 Cheap Stocks To Watch Right Now: Rent-A-Center Inc.(RCII)
Advisors’ Opinion:
- [By Logan Wallace]
AerCap (NYSE: AER) and Rent-A-Center (NASDAQ:RCII) are both finance companies, but which is the better investment? We will contrast the two companies based on the strength of their profitability, dividends, institutional ownership, earnings, risk, analyst recommendations and valuation.
- [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 Max Byerly]
COPYRIGHT VIOLATION NOTICE: “Q1 2018 EPS Estimates for Rent-A-Center Increased by KeyCorp (RCII)” was first reported by Ticker Report and is the sole property of of Ticker Report. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States and international trademark & copyright laws. The legal version of this article can be read at www.tickerreport.com/banking-finance/3350595/q1-2018-eps-estimates-for-rent-a-center-increased-by-keycorp-rcii.html.
Top 10 Cheap Stocks To Watch Right Now: Wendy’s/Arby’s Group Inc.(WEN)
Advisors’ Opinion:
- [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 ]
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 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 Logan Wallace]
Wendy’s (NASDAQ:WEN) major shareholder Edward P. Garden sold 764,000 shares of the business’s stock in a transaction dated Tuesday, May 15th. The stock was sold at an average price of $16.53, for a total value of $12,628,920.00. Following the completion of the sale, the insider now directly owns 240,365 shares of the company’s stock, valued at approximately $3,973,233.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
- [By Matt Hogan]
Growth within the industry is a bit lumpy, with limited-service restaurants, such as Wendys Co (NASDAQ: WEN) and Chipotle Mexican Grill, Inc (NYSE: CMG), growing at 5.3 percent in 2017 as compared to 3.5 percent for casual dining establishments according to the National Restaurant Industry.
Top 10 Cheap Stocks To Watch Right Now: Express-1 Expedited Solutions Inc.(XPO)
Advisors’ Opinion:
- [By ]
Daseke (DSKE) : “I’m going to send you to XPO Logistics (XPO) . That’s the one you want to be in.”
Portola Pharmaceuticals (PTLA) : “The news is already in this story. I’d rather be in something better.”
- [By Jeremy Bowman]
Somebody’s got to deliver all of those products that we’re ordering online, and increasingly, that somebody isXPO Logistics(NYSE:XPO). The freight and logistics company has become the leader in last-mile delivery of heavy goods like furniture and appliances, making it a key partner of retailers like Amazon, IKEA,Wayfair, and Home Depot.
- [By Rich Duprey, Nicholas Rossolillo, and Maxx Chatsko]
Yet finding the best stocks to buy and hold isn’t easy. So to help get you started, we asked three Foolish investors to pick a growth stock that they believe investors would be wise to buy now and hold for the long term. Read on to learn why they like SunPower (NASDAQ:SPWR), salesforce.com (NYSE:CRM), and XPO Logistics (NYSE:XPO).
- [By Logan Wallace]
XPO Logistics (NYSE:XPO)‘s stock had its “buy” rating reissued by research analysts at Bank of America in a research note issued on Friday. They presently have a $105.00 target price on the transportation company’s stock. Bank of America’s price objective would indicate a potential upside of 4.86% from the stock’s previous close.
- [By ]
In the Lightning Round, Cramer was bullish on Paychex (PAYX) , Martin Marietta Materials (MLM) and XPO Logistics (XPO) .
Cramer was bearish on 3M (MMM) , Fitbit (FIT) and Granite Construction (GVA) .
- [By ]
For his final “Executive Decision” segment, Cramer also checked in with Brad Jacobs, chairman and CEO of XPO Logistics (XPO) , the transportation provider with shares up 16% in 2018.
Top 10 Cheap Stocks To Watch Right Now: Kohl’s Corporation(KSS)
Advisors’ Opinion:
- [By Jeremy Bowman]
A lot has changed since then, however. J.C. Penney badly underperformed its own comparable sales target in the second half of 2016, as comparable sales fell instead of hitting the 3-4% mark the company had projected. Its peers continued to struggle — Macy’s(NYSE:M),Kohl’s(NYSE:KSS), andNordstrom(NYSE:JWN) all reported declining comps in the fourth quarter, and Macy’s said last year it would close 100 stores.
- [By Shane Hupp]
Wall Street brokerages expect Kohl’s (NYSE:KSS) to post earnings per share (EPS) of $0.49 for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Kohl’s’ earnings. The lowest EPS estimate is $0.39 and the highest is $0.63. Kohl’s posted earnings of $0.39 per share in the same quarter last year, which would suggest a positive year over year growth rate of 25.6%. The company is expected to report its next earnings report before the market opens on Tuesday, May 22nd.
- [By ]
Walmart (WMT) was already on my “Best Short Ideas” list, and I added Kohl’s (KSS) and Target (TGT) to the roster on Thursday morning.
Some reasons for my bearishness on retail stocks:
- [By Taylor Cox]
Tuesday
Notable EarningsAdvance Auto Parts, Inc (NYSE: AAP) Q1 premarket
AutoZone, Inc (NYSE: AZO) Q3 premarket
Kohl’s Corporation (NYSE: KSS) Q1 premarket
The TJX Companies, Inc (NYSE: TJX) Q1 premarket
Hewlett Packard Enterprise Company (NYSE: HPE) Q2 after hours
Intuit Inc (NASDAQ: INTU) Q3 after hours
Urban Outfitters, Inc (NASDAQ: URBN) Q1 after hours
IPOs
- [By Joe Tenebruso]
But with the prices of many retailers down sharply in recent years, could there be some interesting bargains for investors? In this regard, let’s take a look at Kohl’s (NYSE:KSS) and J.C. Penney (NYSE:JCP) to see which of these retailers is the better buy today.
- [By Jeremy Bowman]
Below are some of investors’ favorite value stocks
Stock Ticker What the company does P/E ratio
General Motors (NYSE: GM) Designs, manufactures and distributes vehicles under the brands Buick, Cadillac, Chevrolet, GMC, Holden, and Wuling. 5.7
Apple (Nasdaq: AAPL) Designs and develops consumer electronics and software. 17.5
Delta Air Lines (NYSE: DAL) One of the world’s biggest global airline. 10.6
Verizon Communications (NYSE: VZ) Multinational telecoms company. 12.9
Kohl’s (NYSE: KSS) Department store chain. 12.2
Source: Yahoo! Finance.
Top 10 Cheap Stocks To Watch Right Now: S&P Smallcap 600(PH)
Advisors’ Opinion:
- [By Joseph Griffin]
State Board of Administration of Florida Retirement System reduced its position in Parker Hannifin (NYSE:PH) by 3.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 172,950 shares of the industrial products company’s stock after selling 6,667 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.13% of Parker Hannifin worth $29,580,000 as of its most recent SEC filing.
- [By Logan Wallace]
Ardevora Asset Management LLP reduced its stake in shares of Parker Hannifin (NYSE:PH) by 0.5% in the first quarter, HoldingsChannel.com reports. The fund owned 154,400 shares of the industrial products company’s stock after selling 800 shares during the quarter. Ardevora Asset Management LLP’s holdings in Parker Hannifin were worth $26,407,000 as of its most recent filing with the Securities & Exchange Commission.
- [By Ethan Ryder]
Get a free copy of the Zacks research report on Parker Hannifin (PH)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Shane Hupp]
Barings LLC decreased its holdings in Parker Hannifin (NYSE:PH) by 36.4% in the first quarter, HoldingsChannel reports. The firm owned 26,064 shares of the industrial products company’s stock after selling 14,937 shares during the period. Barings LLC’s holdings in Parker Hannifin were worth $4,458,000 as of its most recent SEC filing.
Top 10 Cheap Stocks To Watch Right Now: Sirius XM Radio Inc.(SIRI)
Advisors’ Opinion:
- [By Joseph Griffin]
Swiss National Bank cut its position in Sirius XM Holdings (NASDAQ:SIRI) by 13.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,157,758 shares of the company’s stock after selling 818,600 shares during the period. Swiss National Bank owned about 0.11% of Sirius XM worth $32,184,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
- [By Lisa Levin] Companies Reporting Before The Bell
Thermo Fisher Scientific Inc. (NYSE: TMO) is projected to report quarterly earnings at $2.4 per share on revenue of $5.63 billion.
Ford Motor Company (NYSE: F) is expected to report quarterly earnings at $0.41 per share on revenue of $37.16 billion.
Twitter, Inc. (NYSE: TWTR) is projected to report quarterly earnings at $0.11 per share on revenue of $605.26 million.
Comcast Corporation (NASDAQ: CMCSA) is expected to report quarterly earnings at $0.59 per share on revenue of $22.75 billion.
General Dynamics Corporation (NYSE: GD) is estimated to report quarterly earnings at $2.52 per share on revenue of $7.6 billion.
The Boeing Company (NYSE: BA) is expected to report quarterly earnings at $2.58 per share on revenue of $22.24 billion.
Anthem, Inc. (NYSE: ANTM) is estimated to report quarterly earnings at $4.91 per share on revenue of $22.52 billion.
Viacom, Inc. (NASDAQ: VIAB) is projected to report quarterly earnings at $0.79 per share on revenue of $3.04 billion.
Northrop Grumman Corporation (NYSE: NOC) is estimated to report quarterly earnings at $3.61 per share on revenue of $6.61 billion.
Rockwell Automation Inc. (NYSE: ROK) is expected to report quarterly earnings at $1.81 per share on revenue of $1.66 billion.
Wipro Limited (NYSE: WIT) is projected to report quarterly earnings at $0.07 per share on revenue of $2.15 billion.
The Goodyear Tire & Rubber Company (NASDAQ: GT) is expected to report quarterly earnings at $0.46 per share on revenue of $3.82 billion.
Owens Corning (NYSE: OC) is projected to report quarterly earnings at $0.97 per share on revenue of $1.62 billion.
T. Rowe Price Group, Inc. (NASDAQ: TROW) is estimated to report quarterly earnings at $1.71 per share on revenue of $1.29 billion.
Dr Pepper Snapple Group, Inc. (NYSE: DPS) is expected to report quarterly earnings at $1.04 per share on revenue of $1.57 billion.
Sirius XM Holdings Inc. (NASDAQ: SI - [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.
Top 10 Cheap Stocks To Watch Right Now: UnitedHealth Group Incorporated(UNH)
Advisors’ Opinion:
- [By Paul Ausick]
UnitedHealth Group Inc. (NYSE: UNH) traded up 3.08% at $223.90 in a 52-week range of $164.60 to $250.79. Volume of about 3.5 million shares was about 10% below the daily average. The company had no specific news.
- [By Paul Ausick]
UnitedHealth Group Inc. (NYSE: UNH) traded down 0.80% at $224.07. The stock’s 52-week range is $156.09 to $231.77. Volume was about 40% below the daily average of around 3 million shares. The company had no specific news Wednesday
- [By Paul Ausick]
UnitedHealth Group Inc. (NYSE: UNH) traded up 1.73% at $233.18. The stock’s 52-week range is $166.65 to $250.79. Volume was about 60% below the daily average of around 3.5 million shares. The company had no specific news.
- [By ]
UnitedHealth Group’s (UNH) $2.8 billion purchase of Chile-based health insurer Empresas Banm茅dica seems to be paying off, giving a boost to the company’s full-year outlook.
- [By Garrett Baldwin]
Market fears of an escalating Middle Eastern conflict abated thanks to last week’s military strikes against the Syrian government. On Friday, April 13, U.S. forces joined the United Kingdom and France in retaliation for a chemical gas attack carried out by the Syrian government. The military exercise came at a time that tensions are also rising in the Middle East between Saudi Arabia and Iran.
Today, several members of the U.S. Federal Reserve will be speaking at events around the globe, including San Francisco Fed President John Williams and Chicago Fed Bank President Charles Evans. But no one will be more watched today than Fed Gov. Randal Quarles, who will testify before the U.S. House Financial Services Commission. Quarles will provide testimony on the central bank’s plans to regulate and oversee the financial system. Expect a wealth of questions about the Fed’s plans to raise interest rates and manage its massive balance sheet. Money MorningLiquidity SpecialistLee Adler offers you advice on how to play the Fed’s problems, right here.
Four Stocks to Watch Today: GS, NFLX, TSLA, and ROKU
Shares of Goldman Sachs Group Inc. (NYSE: GS) added 0.6% after the Wall Street bank easily topped Q1 earnings and revenue estimates. The firm reportedearnings per share (EPS) of $6.95 on top of more than $10 billion in revenue. Analysts projected EPS of $5.67 on top of $8.89 billion. The investment bank hiked its quarterly dividend and said that revenue from equity trading rallied thanks to an uptick in recent market volatility.
Shares of Tesla Inc. (Nasdaq: TSLA) are flat on the news that the firm will suspend production of its Model 3 vehicles. The firm said the temporary halt in production will aim to “improve automation” and address ongoing bottlenecks in its production process.
Shares of Roku Inc. (Nasdaq: ROKU) popped more than 8.2% on news that Steven Cohen’s family office has taken a passive 5.1% stake in the company. The streaming device manufactur - [By ]
The market, led by the Nasdaq, showed strong gains on Tuesday, following significant earnings results from Netlix (NFLX) reported after Monday’s close. This morning, Goldman Sachs (GS) , UnitedHealth (UNH) and Johnson & Johnson (JNJ) also reported strong results as the earnings season heats up.
Top 10 Cheap Stocks To Watch Right Now: USG Corporation(USG)
Advisors’ Opinion:
- [By Stephan Byrd]
ValuEngine upgraded shares of USG (NYSE:USG) from a buy rating to a strong-buy rating in a report published on Tuesday.
A number of other research analysts have also recently weighed in on the stock. Credit Suisse Group upgraded shares of USG from an underperform rating to a neutral rating and dropped their target price for the company from $35.00 to $24.00 in a research note on Friday, April 27th. Jefferies Group reiterated a hold rating and issued a $40.00 target price on shares of USG in a research note on Monday, April 23rd. SunTrust Banks boosted their target price on shares of USG from $42.00 to $44.00 and gave the company a hold rating in a research note on Tuesday, April 17th. Buckingham Research boosted their target price on shares of USG from $34.00 to $42.00 and gave the company a neutral rating in a research note on Monday, April 16th. Finally, Nomura boosted their target price on shares of USG from $39.00 to $44.00 and gave the company a neutral rating in a research note on Tuesday, March 27th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $39.00.
- [By Jordan Wathen]
As USG Corporation (NYSE:USG) drags its feet on an offer to sell the company for $42 per share, Berkshire intends to use its 30.8% ownership stake to motivate its top brass to make a deal. Berkshire told Bloomberg it intends to vote its shares against USG’s board members who are up for re-election at this year’s annual meeting, a clear message that Buffett is ready to cash in, even if USG’s management and board are not.
- [By Jason Hall, George Budwell, and Chuck Saletta]
And while it may not always work out well to simply copy the moves other investors make, it can pay off to use their buying and selling moves as jumping-off points in your own research. We asked three real-world investors for their insight, and they wrote about two recent Buffett buys ofApple Inc.(NASDAQ:AAPL) andUSG Corporation(NYSE:USG), and a recent Baker Brothers buy ofHeron Therapeutics Inc(NASDAQ:HRTX).
Top 10 Cheap Stocks To Watch Right Now: Emerson Electric Company(EMR)
Advisors’ Opinion:
- [By Logan Wallace]
D.A. Davidson & CO. lifted its position in shares of Emerson Electric (NYSE:EMR) by 1.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 574,584 shares of the industrial products company’s stock after buying an additional 7,640 shares during the period. Emerson Electric makes up about 0.8% of D.A. Davidson & CO.’s holdings, making the stock its 25th biggest holding. D.A. Davidson & CO.’s holdings in Emerson Electric were worth $39,244,000 at the end of the most recent reporting period.
- [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
ECONOMIC DATA
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.
ANALYST RATINGS
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 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 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.
- [By Lisa Levin]
Analysts at Berenberg upgraded Emerson Electric Co. (NYSE: EMR) from Sell to Hold.
Emerson Electric shares fell 0.43 percent to close at $69.90 on Monday.
- [By Stephan Byrd]
Wilkins Investment Counsel Inc. cut its stake in shares of Emerson Electric (NYSE:EMR) by 1.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 111,625 shares of the industrial products company’s stock after selling 2,015 shares during the quarter. Emerson Electric makes up approximately 2.4% of Wilkins Investment Counsel Inc.’s portfolio, making the stock its 17th biggest position. Wilkins Investment Counsel Inc.’s holdings in Emerson Electric were worth $7,624,000 at the end of the most recent reporting period.
Top 10 Cheap Stocks To Watch Right Now: International Business Machines Corporation(IBM)
Advisors’ Opinion:
- [By Chris Neiger]
It takes pharmaceutical companies an average of 10 to 15 years to discover and develop a new drug. Some companies, including International Business Machines (NYSE:IBM), believe that AI can drastically reduce the time to find new drugs by sifting through vast amounts of genetic and clinical data.
- [By Michael A. Robinson]
IBM Corp. (NYSE: IBM) has bet big on blockchain – and the company’s leaders see it as vital to its future success.
That said, IBM remains a poor investment. The company’s legacy businesses are slowing down faster than its strategic initiatives are growing. Moreover, its leadership is unfocused and neglectful toward shareholders.
- [By Joseph Griffin]
IBM (NYSE: IBM) and Allot Communications (NASDAQ:ALLT) are both computer and technology companies, but which is the better stock? We will compare the two businesses based on the strength of their analyst recommendations, dividends, institutional ownership, earnings, profitability, risk and valuation.
- [By ]
Finally, there’s IBM (IBM) a tech company that’s all about tech, but sadly still has much of the wrong tech. Only half of IBM is in the fast-growing segments that customers crave, which is in stark contrast to Amazon (AMZN) , which seems to be in demand practically everywhere.
