Are you considering following the investing crowd that likes to "sell in May and go away?" Don't be so quick to embrace the axiom. While there's some statistical support for the investing theory that stocks don't perform well between May and October, a small handful of horrific years skews the average summertime return downward. In a normal, bullish environment, the next few months could be just as progressive as any other time of year. And for the right stocks, things could be even better. With that in mind, here are three great growth stocks to buy this month not despite their recent stumbles, but because of them. Image source: Getty Images. 1. Entegris Last month, for the first time in seven quarters, Entegris ' ( NASDAQ:ENTG ) reported earnings that fell short of analysts' consensus estimates. Its Q1 top line came up short of expectations as well, though it did grow by 24% year over year. The company's Q2 guidance for earnings per share in the range of $0.77 to …
Better Buy: AMD vs. Micron Technology
Five months ago, stock for Advanced Micro Devices ( NASDAQ:AMD ) and Micron Technology ( NASDAQ:MU ) were following different trajectories when it came to their prices. Micron started the year on a positive note thanks to the terrific demand for memory chips, while AMD was struggling in the wake of the sell-off in tech stocks and market share gains clocked by Intel . But things have changed remarkably for the performance of the two stocks since then. AMD data by YCharts AMD has regained its mojo thanks to consistently strong quarterly results and a solid outlook for 2021. Micron, on the other hand, has lost investor confidence due to concerns about the health of the memory market. That's not surprising -- investor sentiment in Micron stock is dictated by the booms and busts in the cyclical memory market, as I pointed out in April, while AMD is sitting on secular tailwinds that could ensure long-term growth. As a result, AMD looked like the better buy …
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Why It’s Time to Buy First Solar Stock
Solar panel manufacturers have been among the hardest solar energy stocks to invest in over the past decade, with price competition and growing capacity in China hampering profitability across the board. Even a profitable leader like First Solar ( NASDAQ:FSLR ) has seen its stock fall 6% over the past 10 years, with an incredible amount of volatility in the process. If you've been watching this industry from the sidelines, now is the time to get into First Solar stock, because the company is going back into growth mode. It's shed legacy assets that were weighing the company down and investing in what it does best, which is making industry-leading solar panels. A few years from now, we may look back and see this as the best solar energy stock in the industry. Image source: First Solar. The evolution of First Solar A lot has happened at First Solar over the past decade. The company was one of the industry's leaders in solar panel manufacturing going back nearly two …
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3 Out-of-Favor Solar Stocks to Buy Now
The solar industry has exploded onto the energy scene over the last two decades and seems like it's not slowing down anytime soon. According to Our World in Data and BP , total solar installations globally have grown from 0.65 gigawatts in 2000 to 40.1 GW in 2010 and 708 GW in 2020. That's enough to power 116 million U.S. homes. Despite this growth, not all solar energy stocks have outperformed the market over the last two decades. And some stocks have fallen out of favor for one reason or another. Three of our contributors think First Solar ( NASDAQ:FSLR ) , Array Technologies ( NASDAQ:ARRY ) , and Enphase Energy ( NASDAQ:ENPH ) are three of the stocks that may not be loved by the market but should be in your portfolio today. Image source: Getty Images. Growth is coming to this solar manufacturer Travis Hoium (First Solar): Solar panel manufacturers have been kind of forgotten by the market for most of the last half-decade because they've …
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3 Stocks Building a Smart Future
Given that buildings emit nearly 40% of the world's carbon emissions, companies must invest in smart, healthy, and sustainable buildings if they want to meet their environmental, social, and governance (ESG) commitments. That's where companies like Johnson Controls ( NYSE:JCI ) , Honeywell ( NASDAQ:HON ) , and Siemens ( OTC:SIEGY ) come in. All three can grow profits significantly from helping companies meet their ESG goals. Here's the how and why. Healthy buildings Alongside the long-term need to create net-zero carbon emissions, the COVID-19 pandemic has created a heightened sense of awareness around the need to ensure buildings are "healthy." The latter usually means ensuring good air quality and ventilation. As such, heating, ventilation, and air conditioning (HVAC) companies such as Carrier ( NYSE:CARR ) and others, including Johnson Controls , are an excellent way to get exposure to the theme. Indeed, they have all been reporting strong orders …
Good News: Starbucks Revenue Growth Strong, Yet Still Hasn’t Hit High Gear
Starbucks ( NASDAQ:SBUX ) has bounced back nicely after economic lockdowns at the pandemic onset in 2020 crushed revenue. The international coffee retailer has almost all of its stores operating again, but it is still constrained by some restrictions meant to reduce the spread of COVID-19. Despite not operating at full strength, Starbucks sales are now reaching above the levels they were at before the outbreak. The company's beverages remain popular with consumers, indicating that sales could keep growing as economies continue cautiously reopening. Image source: Getty Images. Starbucks' recovery is gaining momentum Overall revenue increased by 78% year over year in Starbucks' most recent fiscal quarter to $7.5 billion. Increasing consumer mobility is helping fuel sales. Consumers are more likely to will stop at Starbucks and buy a coffee if they are already outside the home . CEO Kevin Johnson is counting on that trend, according to comments made during the most …
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Is Now a Good Time to Buy Nintendo Stock?
Nintendo 's ( OTC:NTDOY ) Switch game system has surpassed 85 million units sold to consumers. It's been a massive success for the Japanese gaming brand, but it's getting more difficult for Nintendo to post strong year-over-year growth rates after more than four years since its launch. After nearly doubling over the last five years, the stock is currently down 24% in 2021. Video game stocks are out of favor with the market right now, but that could represent an opportunity for long-term investors. Nintendo's valuation is starting to look very enticing as the stock is trading at just 13 times trailing-12-month earnings. Is Nintendo a steal at these levels, or is it a value trap? Let's first look at near-term growth catalysts. Image source: Getty Images. New releases Nintendo has plenty of new releases coming out to drive sales this holiday season. First up is the new Switch (OLED model), launching on Oct. 8 for $349. The model is priced higher than the $299 for the …
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What Does Kroger’s After-Earnings Stock Nosedive Means for Investors?
Traders may have overreacted a bit Friday when they sent the stock of grocery and pharmacy conglomerate Kroger ( NYSE:KR ) into a 7.5% same-day tailspin after its second-quarter earnings report was released. Going by the financial metrics, the report looked highly positive, with both revenue and earnings leaving Wall Street analyst consensus in the rearview mirror. Kroger also boosted its full 2021 guidance. The question is whether the falling stock price was a case of profit-taking, or if investors are responding to more fundamental issues for the grocery chain. Let's take a closer look. Image source: Getty Images. There was plenty of good in Kroger's report Revenue climbed 3.9% year over year from 2020's pandemic-driven, stockpiling highs during Q2, while adjusted earnings per share (EPS) rose $0.07 to $0.80. Measured against pre-pandemic metrics -- what Kroger refers to as the "two-year stack" -- revenue surge 14%, EPS grew at a 28.4% compound annual rate, and …
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Wall Street slips as tax uncertainty, tech losses weigh
- A + A NEW YORK/BENGALURU (Sept 17): US stock indexes slipped on Friday with major technology firms weighing the most, while uncertainty over higher corporate taxes and an upcoming Federal Reserve meeting kept traders to the sidelines. The Nasdaq was the worst performer among the main US indexes in early trade, as a batch of strong economic readings encouraged investors to pivot into growth-exposed sectors and out of tech this week. "(It was) a volatile week and a return to value outperformance as 'buy the dip' sentiments took hold, but not enough to rescind the recent market weakness," said Louise Dudley, global equities portfolio manager at the international business of Federated Hermes. Concerns that a potential hike in corporate taxes could eat into earnings also weighed on markets, as leading Democrats sought to raise the top tax rate on corporations to 26.5% from the current 21%. "We anticipate large cap volatility as changes to US corporate tax rates play …
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Acuity Brands Inc (AYI) Q4 2020 Earnings Call Transcript
Image source: The Motley Fool. Acuity Brands Inc ( NYSE:AYI ) Oct 8, 2020 , 10:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good morning and welcome to Acuity Brands Fiscal 2020 Fourth Quarter Financial Conference Call. [Operator Instructions] Today's conference is being recorded. If you have any objections, you may disconnect at this time. Now I would like to introduce Mr. Pete Shannin, Vice President, Investor Relations and Corporate Development. Sir, you may begin. Pete Shannin -- Vice President, Investor Relations and Corporate Development Good morning. With me today to discuss our fiscal 2020 fourth quarter results are Neil Ashe, our President and Chief Executive Officer; Karen Holcom, our Senior Vice President and Chief Financial Officer; and Ricky Reece, our Executive Vice President and President of Acuity Brands Lighting. We are webcasting today's conference call at …
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