EMM & QNX will be the growth drivers going forward. But the risks in BlackBerry stock continue to remain elevated.
BlackBerry(NSDQ:BBRY)stock is a very volatile stock. When the company announced its latest set of earnings on the 20th of December, the share price rose to around $8 a share, but since then has plummeted back down to the $7 level. Blackberry is unique in that it is a low priced stock but is just as liquid as many of its peers. This combined with the volatility of the tech sector attracts all types of investors and traders as volatility is a guarantee (which we have obviously seen over the past week or so).
BlackBerry’s latest fiscal third quarter was definitely a mixed bag. On one hand, you had aggressive margin expansion and a surprising profitable quarter on a non-GAAP basis, but on the other hand, top line came in $20 million short of what was expected. A return to revenue growth is expected next year with enterprise software & QNX probably leading the way. Blackberryand its investors know that if this company can comprehensively combine these areas as well as its security wing to work cohesively in the emerging Internet Of Things market (IoT), then this company will have a strategic competitive advantage. Blackberry’s pivot from hardware to software may have been well timed but I would still recommend caution. Here are three reasons to back up my case.
Top 5 Low Price Stocks To Watch Right Now: Progenics Pharmaceuticals Inc.(PGNX)
- [By Cory Renauer]
Here’s what you need to know about the catalysts that could send these stocks soaring, or plummeting, in the third quarter.
Company Market Cap Incoming Catalyst
Spark Therapeutics Inc. (NASDAQ:ONCE) $3.09 billion Clinical trial results
Zogenix, Inc. (NASDAQ:ZGNX) $1.56 billion Clinical trial results
Progenics Pharmaceuticals, Inc. (NASDAQ:PGNX) $593 million PDUFA date
Data source: Yahoo! Finance.
- [By Chris Lange]
Progenics Pharmaceuticals Inc. (NASDAQ: PGNX) has a PDUFA date set for July 30 for its malignant pheochromocytoma and paraganglioma treatment, Azedra.
- [By Keith Speights]
Neurocrine Biosciences (NASDAQ:NBIX), along with partner AbbVie (NYSE:ABBV), Progenics Pharmaceuticals (NASDAQ:PGNX), and Insys Pharmaceuticals (NASDAQ:INSY) await major approval decisions by the U.S. Food and Drug Administration (FDA). Here’s what you need to know about the potential catalysts for these biotech stocks.
Top 5 Low Price Stocks To Watch Right Now: T. Rowe Price Group, Inc.(TROW)
- [By Shane Hupp]
Press coverage about T. Rowe Price (NASDAQ:TROW) has trended somewhat positive on Wednesday, according to Accern. Accern rates the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. T. Rowe Price earned a news impact score of 0.20 on Accern’s scale. Accern also assigned media stories about the asset manager an impact score of 47.382716620203 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
- [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 Max Byerly]
T. Rowe Price Group Inc (NASDAQ:TROW) Director Robert F. Maclellan sold 5,000 shares of T. Rowe Price Group stock in a transaction on Wednesday, May 30th. The shares were sold at an average price of $122.58, for a total value of $612,900.00. Following the completion of the transaction, the director now owns 13,769 shares in the company, valued at $1,687,804.02. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Top 5 Low Price Stocks To Watch Right Now: Snap-On Incorporated(SNA)
- [By Joseph Griffin]
Mountain Pacific Investment Advisers Inc. ID reduced its stake in Snap-on (NYSE:SNA) by 0.3% during the 1st quarter, HoldingsChannel.com reports. The firm owned 154,025 shares of the company’s stock after selling 440 shares during the quarter. Snap-on makes up approximately 2.3% of Mountain Pacific Investment Advisers Inc. ID’s holdings, making the stock its 14th biggest holding. Mountain Pacific Investment Advisers Inc. ID’s holdings in Snap-on were worth $22,725,000 at the end of the most recent reporting period.
- [By Dan Caplinger]
Thursday ended in the red for most major benchmarks on Wall Street, with the Dow trading down by triple digits at times before climbing back toward the close. After having bounced back sharply in recent days, stocks seemed to lose upward momentum, and interest rate fears returned to the market. The yield on the 10-year Treasury bond once again moved above the 2.9% mark, and shorter-term Treasurys had yields reach levels they haven’t seen in years. Yet even though the overall market was ready to take a break, some companies still enjoyed good news that lifted their shares. Bank of New York Mellon (NYSE:BK), Snap-on (NYSE:SNA), and Rigel Pharmaceuticals (NASDAQ:RIGL) were among the best performers on the day. Here’s why they did so well.
- [By Logan Wallace]
American Century Companies Inc. reduced its position in Snap-on (NYSE:SNA) by 93.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,330 shares of the company’s stock after selling 253,734 shares during the quarter. American Century Companies Inc.’s holdings in Snap-on were worth $2,557,000 as of its most recent SEC filing.
Top 5 Low Price Stocks To Watch Right Now: ServiceMaster Global Holdings, Inc.(SERV)
- [By Max Byerly]
ServiceMaster (NYSE:SERV)’s share price reached a new 52-week high and low during trading on Tuesday . The company traded as low as $55.63 and last traded at $54.76, with a volume of 207508 shares traded. The stock had previously closed at $55.35.
- [By Stephan Byrd]
ServiceMaster (NYSE:SERV) insider Timothy M. Haynes sold 55,363 shares of the stock in a transaction that occurred on Thursday, May 3rd. The shares were sold at an average price of $53.18, for a total transaction of $2,944,204.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
- [By Logan Wallace]
Xact Kapitalforvaltning AB raised its stake in Servicemaster Global Holdings Inc (NYSE:SERV) by 33.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,711 shares of the business services provider’s stock after acquiring an additional 3,900 shares during the period. Xact Kapitalforvaltning AB’s holdings in Servicemaster Global were worth $799,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
- [By Ethan Ryder]
Get a free copy of the Zacks research report on Servicemaster Global (SERV)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Shane Hupp]
Servicemaster Global Holdings Inc (NYSE:SERV) hit a new 52-week high and low during trading on Thursday . The company traded as low as $59.70 and last traded at $59.03, with a volume of 15886 shares trading hands. The stock had previously closed at $59.62.
Top 5 Low Price Stocks To Watch Right Now: Deutsche Bank AG(DB)
- [By Garrett Baldwin]
Merger mania has been hitting Wall Street all month. Today, 21st Century Fox Inc. (Nasdaq: FOXA) has been urged by activist investor Chris Hohn to make a deal with Comcast Corp.(Nasdaq: CMCSA) if that company’s offer is better than the deal they could receive from The Walt Disney Co.(NYSE: DIS). Hohn’s firm disclosed in an SEC filing that it has a 7.4% stake in FOXA.
Four Stocks to Watch Today: BBY, DB, KR, APRN
Best Buy Corp.(NYSE: BBY) leads a busy day of earnings reports in New York. The Big Box retailer easily topped Wall Street expectations, with earnings per share of $0.82 on $9.11 billion in revenue. The average analyst expectation came in at $0.75 on $8.78 billion.
The largest bank in Europe is facing problems again. This morning, Deutsche Bank AG(NYSE: DB) announced plans to slash 7,000 jobs as the firm attempts to restore profitability to its balance sheet. The announcement comes as the company’s chair faces a vote of no confidence at an annual general meeting taking place today.
In other deal news, Kroger Inc. (NYSE: KR) has purchased Home Chef, the biggest privately owned meal kit delivery firm in the United States. The deal includes $200 million upfront and could be worth $700 million should Home Chef hit certain targets over its next five years. It is an interesting acquisition, given that rival Blue Apron Holdings Inc. (NYSE: APRN) has struggled since its IPO. Though APRN stock was up 3.8% this morning on news of the Home Chef deal, the stock is trading at just $3.07. It hit the market at $11.00 in June 2017. Look for additional earnings reports from Splunk Inc. (Nasdaq: SPLK), Deckers Outdoor Corp. (Nasdaq: DECK), Gap Inc. (NYSE: GPS), Ross Stores Inc.(Nasdaq: ROST), Autodesk Inc. (Nasdaq: ADSK), and Hormel Foods Corp. (NYSE: HRL).
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- [By ]
As Deutsche Bank AG (DB) , Germany’s largest lender, retreats from its global ambitions in investment-banking and trading, Wall Street heavyweights JPMorgan Chase & Co. (JPM) , Citigroup Inc. (C) and Bank of America Corp. (BAC) are poised to pick up the business that’s left behind.
- [By Ethan Ryder]
Deutsche Bank (NYSE:DB)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $12.49, but opened at $12.90. Deutsche Bank shares last traded at $13.04, with a volume of 216758 shares changing hands.
- [By Jordan Wathen, Dan Caplinger, and Sean Williams]
Below, three Fool.com investors make the case for adding shares of Fifth Third Bancorp (NASDAQ:FITB), BofI Holding(NASDAQ:BOFI), and Deutsche Bank (NYSE:DB) to your portfolio.
- [By ]
One of the best examples of a value trap is Deutsche Bank (NYSE: DB). In a nutshell, Deutsche Bank is the leading global bank at destroying shareholder value. The chart below illustrates this fact.
- [By Paul Ausick]
Deutsche Bank AG (NYSE: DB) fell by about 2.9% Wednesday to post a new 52-week low of $12.90 after closing at $13.29 on Tuesday. The 52-week high is $20.23. Volume of about 6.3 million was about 40% higher than the daily average of about 4 million. The bank had no specific news.