NVIDIA Corporation stock has traded lower following its latest earnings report. Can NVDA stock turn around and head higher?
Santa Clara, California-based NVIDIA Corporation(NASDAQ:NVDA) reported its Q4 FY 2017 earnings last week. As reported in our NVIDIAEarnings review, the company reported a strong set of numbers across various metrics while also guiding over Wall Street estimates for the next quarter. However, the NVDA stock sold off following the earnings announcement, closing the last trading session (Feb 10) at $113.62, down by 2.37% over the previous close. Investors could be lured into booking profits, given the massive run NVIDIA stock price has seen over the last one year; NVDA stock is up by 342% in the last 12 months. Instead, long-term investors should continue to buy more and use this post-earningsdip to accumulate NVIDIA stock on the cheap. Here is why NVDA stock could be headed higher over the longer term.
Top Cheap Stocks To Own Right Now: International Business Machines Corporation(IBM)
- [By Todd Campbell]
Fortunately, Berkshire Hathaway reveals which stocks the Oracle of Omaha is selling in itsquarterly 13F filing with the Securities and Exchange Commission. The company’s latest filing shows he sold shares in Verisk Analytics, Inc.(NASDAQ:VRSK), IBM (NYSE:IBM), and Phillips 66 (NYSE:PSX). Is it time for these stocks to exit your portfolio, too?
- [By ]
One of the foremost leaders in the smart software space is IBM (NYSE: IBM).
The companys main AI initiative, Watson, is designed to process massive amounts of unstructured data, learn from it and provide decision support for humans.
- [By Timothy Green]
The U.S. is about to reclaim the top spot on the list of the world’s fastest supercomputers. Summit, a $200 million system designed by International Business Machines (NYSE:IBM) for the Department of Energy’s Oak Ridge National Laboratory, is tailor-made for big data and artificial intelligence (AI) workloads. Capable of 200 quadrillion floating-point operations per second when fully operational, Summit is expected to handily beat out the Chinese system that currently tops the charts.
- [By Wayne Duggan]
From an investing standpoint, Foresi said IT Services stocks such as IBM (NYSE: IBM), Accenture Plc (NYSE: ACN) and Cognizant Technology Solutions Corp (NASDAQ: CTSH) could benefit from a rise in blockchain projects.
- [By Sean Williams]
Big Blue, as IBM (NYSE:IBM) is best known, is certainly not a stock in Wall Street’s good graces at the moment. Even buy-and-hold specialist Warren Buffett caved in and sold his entire stake in the tech giant during the first quarter after IBM struggled to turn its business around.
- [By Danny Vena]
After nearly six years of year-over-year revenue declines, International Business Machines (NYSE:IBM) finally returned to growth last quarter. The long drought was the result of an ongoing transition from many of the company’s legacy businesses, while it continued to develop its higher-growth segments composed of cloud computing, analytics, cognitive computing, security, and mobile. These businesses, which the company dubbed strategic imperatives, are seen as crucial to the company’s evolution.
Top Cheap Stocks To Own Right Now: Emerson Electric Company(EMR)
- [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]
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.
- [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
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.
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 Neha Chamaria]
The first list of Dividend Aristocrats published in 1989 comprised 26 stocks. Remarkably, nine of the 26 stocks are still part of the Dividend Aristocrat group.
Dividend Aristocrat No. of Years of Consecutive Dividend Increases Payout Ratio (Last 12 Months) Current Dividend Yield
Colgate-Palmolive Company (NYSE: CL) 55 67.6% 2.7%
Dover Corp. (NYSE: DOV) 62 37.4% 2%
Emerson Electric(NYSE: EMR) 60 69% 2.62%
Genuine Parts Company(NYSE: GPC) 62 62.7% 3.12%
Johnson & Johnson(NYSE: JNJ) 55 724.9% 2.57%
Coca-Cola(NYSE: KO) 55 440.7% 3.5%
Lowe’s Companies(NYSE: LOW) 55 37.4% 1.97%
3M Company(NYSE: MMM) 60 70.4% 2.65%
Procter & Gamble(NYSE: PG) 62 72.2% 3.94%
Data source: S&P Global Market Intelligence, company financials, Yahoo Finance. Table by author.
- [By Shane Hupp]
Element Capital Management LLC acquired a new stake in Emerson Electric Co. (NYSE:EMR) in the 1st quarter, HoldingsChannel.com reports. The fund acquired 202,986 shares of the industrial products company’s stock, valued at approximately $13,864,000.
Top Cheap Stocks To Own Right Now: S&P GSCI(GD)
- [By Max Byerly]
General Dynamics (NYSE:GD) had its price objective reduced by stock analysts at Royal Bank of Canada from $232.00 to $12.39 in a research report issued on Friday, The Fly reports. The brokerage currently has an “outperform” rating on the aerospace company’s stock. Royal Bank of Canada’s price target indicates a potential downside of 93.65% from the stock’s current price.
- [By Paul Ausick]
General Dynamics Corp. (NYSE: GD) dropped about 2.1% Thursday to post a new 52-week low of $187.32. Shares closed at $191.40 on Wednesday and the stock’s 52-week high is $230.00. Volume was 25% higher than the daily average of around 1.6 million. The defense giant had no specific news.
- [By Ethan Ryder]
Traders sold shares of General Dynamics (NYSE:GD) on strength during trading on Friday. $52.91 million flowed into the stock on the tick-up and $170.65 million flowed out of the stock on the tick-down, for a money net flow of $117.74 million out of the stock. Of all stocks tracked, General Dynamics had the 0th highest net out-flow for the day. General Dynamics traded up $0.76 for the day and closed at $202.52
Top Cheap Stocks To Own Right Now: UnitedHealth Group Incorporated(UNH)
- [By Shane Hupp]
UnitedHealth Group Inc (NYSE:UNH) – SunTrust Banks issued their Q2 2018 EPS estimates for UnitedHealth Group in a report released on Monday, June 11th. SunTrust Banks analyst D. Macdonald anticipates that the healthcare conglomerate will post earnings per share of $3.03 for the quarter. SunTrust Banks currently has a “Buy” rating and a $300.00 price target on the stock. SunTrust Banks also issued estimates for UnitedHealth Group’s Q3 2018 earnings at $3.32 EPS, Q4 2018 earnings at $3.25 EPS, FY2018 earnings at $12.64 EPS, Q1 2019 earnings at $3.37 EPS, Q2 2019 earnings at $3.50 EPS, Q3 2019 earnings at $3.80 EPS, Q4 2019 earnings at $3.63 EPS and FY2019 earnings at $14.30 EPS.
- [By Paul Ausick]
UnitedHealth Group Inc. (NYSE: UNH) traded down 1.21% at $244.90. The stock’s 52-week range is $173.71 to $250.79. Volume was about half the daily average of 3.4 million. The company had no specific news Tuesday.
- [By Logan Wallace]
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
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UnitedHealth strikes two long-term deals with lab giants (bizjournals.com) LabCorp Extends UnitedHealthcare Pact, Lifts Diagnostics Arm (finance.yahoo.com) UnitedHealth Group (UNH) Director Sells $3,732,300.00 in Stock (americanbankingnews.com) Is UnitedHealth Group (UNH) Stock Outpacing Its Medical Peers This Year? (nasdaq.com) Brief Overview on Stock’s Performances UnitedHealth Group Incorporated (NYSE: UNH) (financerater.com)
Several research analysts recently commented on UNH shares. Zacks Investment Research raised shares of UnitedHealth Group from a “hold” rating to a “buy” rating and set a $240.00 price objective for the company in a report on Tuesday, April 3rd. Cantor Fitzgerald raised their price objective on shares of UnitedHealth Group to $300.00 and gave the stock an “overweight” rating in a report on Wednesday, April 18th. Royal Bank of Canada reaffirmed a “buy” rating on shares of UnitedHealth Group in a report on Wednesday, April 18th. Barclays started coverage on shares of UnitedHealth Group in a report on Thursday, March 8th. They issued an “overweight” rating and a $265.00 price objective for the company. Finally, Morgan Stanley raised their price objective on shares of UnitedHealth Group from $275.00 to $277.00 and gave the stock an “overweight” rating in a report on Wednesday, April 18th. Two analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. UnitedHealth Group presently has an average rating of “Buy” and an average price target of $254.66.
- [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 ]
So, nothing about trade wars, tariffs, currency devaluations, wars in Syria, or North Korea, or Iran from the occupier of the Oval Office. Perhaps partly as a result, the major U.S. equity indexes rose strongly for a second day, fueled by better than expected earnings by Netflix (NFLX) and helped along by stalwart U.S. corporations including UnitedHealth (UNH) , General Electric (GE) and Cisco (CSCO) .