Mettler-Toledo International (MTD) soared to the top of the S&P 500 today after beating earnings forecasts and offering upbeat guidance.
Getty Images
Mettler-Toledo gained 6.7% to $462.67 today, while the S&P 500 rose 0.7% to 2,297.42.
Wells Fargo analystsTim Evans andSara Silverman call it “another very strong quarter” for Mettler-Toledo but contend its too expensive to be buying now:
Mettler-Toledoreported a strong revenue and EPS beat driven by broad strength across the portfolio as well as a benefit from ongoing operational initiatives contributing to the bottom line. The company also raised 2017 revenue and EPS guidance on stronger organic growth as well as a benefit on the bottom line from the new FASB accounting rule for stock options, partially offset by stronger FX headwinds.Mettler-Toledo continues to be the most consistent performer in our coverage universe–a factor for which investors have been willing to pay a premium multiple. We have admittedly been wrong to sit on the sidelines, and Mettler-Toledo’s continued execution in the face of choppy end markets makes us acutely aware of our error. That stated, the stock’s near-peak multiple continues to keep us from jumping in.
Top Growth Stocks For 2019: Calumet Specialty Products Partners L.P.(CLMT)
Advisors’ Opinion:
- [By Reuben Gregg Brewer]
Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) is attempting to shift gears as it refocuses around higher-margin refined chemicals products. The plan sounds good on paper, and the independent refiner appears to be making progress. However, after a doubling of the price over the past year, most investors need to think carefully before jumping on this bandwagon. Here’s why.
- [By Lisa Levin]
Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) is estimated to report quarterly loss at $0.36 per share on revenue of $757.65 million.
Pointer Telocation Ltd. (NASDAQ: PNTR) is projected to report quarterly earnings at $0.22 per share on revenue of $20.22 million.
- [By Maxx Chatsko]
Two turnaround stocks drawing attention from investors are propane distributor Ferrellgas Partners L.P. (NYSE:FGP) and specialty refiner Calumet Specialty Products Partners LP (NASDAQ:CLMT). They’ve had very different trajectories in the last year, with the former losing 35% and the latter gaining 108%. However, the biggest problem facing each business is the same: suffocating debt.
- [By Lisa Levin] Gainers
Boot Barn Holdings, Inc. (NYSE: BOOT) rose 15.6 percent to $25.40 in pre-market trading after the company reported upbeat results for its fourth quarter and issued strong first-quarter earnings guidance.
Abaxis, Inc. (NASDAQ: ABAX) rose 15.3 percent to $82.75 in pre-market trading. Zoetis Inc. (NYSE: ZTS) announced plans to acquire Abaxis for $83 per share in cash.
Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) rose 12.6 percent to $8.95 in pre-market trading after reporting Q1 results.
Micro Focus International plc (NYSE: MFGP) shares rose 8.8 percent to $18.59 in the pre-market trading session after the company issued strong revenue forecast for the first fiscal half of 2018.
HC2 Holdings, Inc. (NASDAQ: HCHC) rose 5.6 percent to $6.60 in pre-market trading.
Eleven Biotherapeutics, Inc. (NASDAQ: EBIO) shares rose 5.3 percent to $2.79 in pre-market trading. Eleven Biotherapeutics posted a Q1 loss of $0.11 per share.
Imprimis Pharmaceuticals Inc (NASDAQ: IMMY) rose 5.2 percent to $2.52 in pre-market trading after reporting a first-quarter sales beat.
Red Violet, Inc. (NASDAQ: RDVT) rose 4.1 percent to $10.35 in pre-market trading after climbing 75.31 percent on Tuesday.
Xenon Pharmaceuticals Inc (NASDAQ: XENE) rose 3.8 percent to $6.90 in pre-market trading. The stock rose over 10 percent Tuesday after reporting its Phase 1 clinical update on XEN901 demonstrated a favorable PK profile.
Sea Limited (NYSE: SE) rose 3.5 percent to $11.01 in pre-market trading after reporting Q1 results.
Teva Pharmaceutical Industries Limited (NYSE: TEVA) shares rose 3.4 percent to $20.98 in pre-market trading after Buffett's Berkshire more than doubled its stake in Teva.
China Internet Nationwide Financial Services Inc. (NASDAQ: CIFS) shares rose 3.7 percent to $31.30 in pre-market trading after the company reported results for its fourth quarter.
PetIQ Inc (NASDAQ: PETQ) shares rose 3.4 percent to $20.00 in pre-market t
Top Growth Stocks For 2019: Nabors Industries Ltd.(NBR)
Advisors’ Opinion:
- [By Logan Wallace]
Nabors Industries (NYSE:NBR) was the recipient of a significant drop in short interest in April. As of April 30th, there was short interest totalling 39,104,204 shares, a drop of 6.2% from the April 13th total of 41,702,268 shares. Currently, 11.5% of the shares of the stock are short sold. Based on an average trading volume of 6,716,985 shares, the days-to-cover ratio is presently 5.8 days.
- [By Tyler Crowe]
The most frustrating kind of investment out there is one that looks to have potential, but continues to squander it. Nabors Industries (NYSE:NBR) is an example of this kind of company, and its most recent earnings report was another instance of why it is so vexing.
Top Growth Stocks For 2019: RBC Bearings Incorporated(ROLL)
Advisors’ Opinion:
- [By Shane Hupp]
Shares of RBC Bearings Incorporated (NASDAQ:ROLL) have earned an average rating of “Buy” from the six brokerages that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $140.67.
- [By Max Byerly]
Get a free copy of the Zacks research report on RBC Bearings (ROLL)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
