The stealth rally in Europe continues… You may not have noticed, but European stocks – as represented by the STOXX Europe 600 Index – broke out to a new 52-week high earlier this month. On February 13, the broad index closed at more than 370 for the first time since December 2015… And it has remained around that level over the past two weeks. On Thursday, it closed at 372.
Our colleague Steve Sjuggerud believes further gains are likely… Steve recently turned bullish on European stocks for the first time in years. They meet all three of his favorite investment criteria: They're cheap, they're hated, and they've started a new uptrend.
Top 5 Cheap Stocks To Buy For 2019: Emerson Electric Company(EMR)
Advisors’ Opinion:
- [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 Lee Samaha]
In common with many other industrial companies, like Danaher, Pentair has been taking action to become a more focused investment proposition for investors. The sale of its valves and controls business to Emerson Electric (NYSE:EMR) in the spring of 2017 turned out to be well-timed for Emerson, as it occurred precisely at the time when oil and gas capital spending started picking up.
- [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 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 Stephan Byrd]
Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
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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 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 5 Cheap Stocks To Buy For 2019: International Business Machines Corporation(IBM)
Advisors’ Opinion:
- [By ]
The grandfather of information technology, IBM (NYSE: IBM), is trading at a 14% discount to its 52-week high, with a forward P/E of just 11.3 and an attractive 3.8% dividend yield.
- [By Chris Neiger, Nicholas Rossolillo, and Rich Duprey]
Chris Neiger (IBM): Investors who are looking for a stock that has a strong dividend, with decades of annual increases,and that’s trading at a discount may want to consider IBM. The tech company pays its shareholders a dividend yield of 3.8% right now, it has a solid 22-year track record of raising it, and its shares trade at just 10.5 times the company’s forward earnings.
- [By Jon C. Ogg]
International Business Machines Corp. (NYSE: IBM) is a company that just can’t get it right when it comes to earnings. Despite its ongoing effort to branch out with strategic imperatives, IBM’s core business of IT services continues to weigh on the company’s image. IBM might have been fine if the company could only get investors to focus on revenues and earnings, but there is a lot more to the story about why IBM is having its worst day in a few years.
Top 5 Cheap Stocks To Buy For 2019: Express-1 Expedited Solutions Inc.(XPO)
Advisors’ Opinion:
- [By Stephan Byrd]
Highland Capital Management LP boosted its holdings in shares of XPO Logistics Inc (NYSE:XPO) by 14.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 223,249 shares of the transportation company’s stock after buying an additional 27,400 shares during the period. XPO Logistics makes up about 1.2% of Highland Capital Management LP’s portfolio, making the stock its 16th largest position. Highland Capital Management LP’s holdings in XPO Logistics were worth $22,729,000 at the end of the most recent quarter.
- [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 ]
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.”
Top 5 Cheap Stocks To Buy For 2019: Wendy’s/Arby’s Group Inc.(WEN)
Advisors’ Opinion:
- [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 Joseph Griffin]
Hsbc Holdings PLC lowered its position in shares of Wendys Co (NASDAQ:WEN) by 91.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,590 shares of the restaurant operator’s stock after selling 299,154 shares during the quarter. Hsbc Holdings PLC’s holdings in Wendys were worth $484,000 as of its most recent filing with the Securities & Exchange Commission.
- [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 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
Top 5 Cheap Stocks To Buy For 2019: Sirius XM Radio Inc.(SIRI)
Advisors’ Opinion:
- [By Rick Munarriz]
Shares of Sirius XM Holdings (NASDAQ:SIRI)hit a new 12-year high of $7.08 this week, and in terms of market cap the satellite radio provider has never been as valuable as it is right now. The market darling hasn’t traded this high since late 2005, and it’s fair to say that this was an entirely different company back then. Sirius had yet to merge with XM. The share count was substantially lower.
- [By Joseph Griffin]
Toronto Dominion Bank raised its position in shares of Sirius XM Holdings Inc (NASDAQ:SIRI) by 36.7% in the first quarter, HoldingsChannel.com reports. The fund owned 130,110 shares of the company’s stock after buying an additional 34,955 shares during the quarter. Toronto Dominion Bank’s holdings in Sirius XM were worth $812,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
- [By Rick Munarriz]
Shares of Sirius XM Holdings (NASDAQ:SIRI)hit another 12-year high on Monday. The country’s lone satellite radio provider would go on to improve its fundamentals, announcing that it’s laying to rest a pending legal matter by settling with SoundExchange.
- [By Lisa Levin] Gainers
TherapeuticsMD, Inc. (NASDAQ: TXMD) rose 7.3 percent to $6.90 in pre-market trading after the company reported the FDA approval of TX-004HR: IMVEXXY (estradiol vaginal inserts) for moderate to severe dyspareunia due to menopause.
Net 1 UEPS Technologies, Inc. (NASDAQ: UEPS) rose 6.1 percent to $10.50 in pre-market trading after falling 1.20 percent on Tuesday
Movado Group, Inc. (NYSE: MOV) shares rose 5.7 percent to $44.60 in pre-market trading after the company reported better-than-expected Q1 results and raised its guidance.
salesforce.com, inc. (NYSE: CRM) rose 5.4 percent to $133.67 in pre-market trading after the company reported better-than-expected earnings for its first quarter and raised its forecast for the full year.
Sirius XM Holdings Inc. (NASDAQ: SIRI) rose 5.3 percent to $7.35 in pre-market trading.
PagSeguro Digital Ltd. (NYSE: PAGS) rose 5.3 percent to $33.50 in pre-market trading after reporting Q1 results.
SpartanNash Co (NASDAQ: SPTN) rose 4.9 percent to $19.80 in pre-market trading after the company reported upbeat earnings for its first quarter on Tuesday.
Groupon, Inc. (NASDAQ: GRPN) rose 4.9 percent to $4.95 in pre-market trading. Dalian Wanda will set up a joint venture with Tencent and Groupon's former local unit, Reuters reported.
Okta, Inc. (NASDAQ: OKTA) rose 4.4 percent to $56 in pre-market trading after gaining 3.43 percent on Tuesday
Elbit Systems Ltd. (NASDAQ: ESLT) rose 4.3 percent to $120.92 in pre-market trading after gaining 2.05 percent on Tuesday.
STMicroelectronics N.V. (NYSE: STM) shares rose 3.7 percent to $23.78 in pre-market trading after falling 4.70 percent on Tuesday.
EVINE Live Inc (NASDAQ: EVLV) shares rose 2.7 percent to $1.14 in pre-market trading after reporting Q1 results.
Find out what's going on in today's market and bring any questions you have to Benzinga's PreMarket Prep.
- [By Rick Munarriz]
Sirius XM Holdings (NASDAQ:SIRI)is gearing up for a big earnings announcement this week. The satellite radio provider reports first-quarter results before Wednesday’s market open, and a lot is riding on its financial performance. Sirius XM has been one of the market’s biggest winners since bottoming out at $0.05 — yes, a nickel — in 2009. The stock is now a 127-bagger, and it hit a new 12-year high just last month.
