Share to Twitter Share to Linkedin Topline Battered by a steep broad-market selloff this week, Moderna shares fell for a sixth-straight day Friday as experts questioned whether Covid-19 vaccine sales alone will help justify the firm's meteoric valuation, intensifying a crash that's wiped out more than 60% of the value in one of last year's top stocks and turned it into this year's worst performer. Key Facts Moderna stock fell as much as 5% in early trading Friday to an eight-month low of $160, pushing shares down more than 20% over the past week amid growing research suggesting Moderna's Covid-19 booster, while very effective against previous strains, has been less effective against the rapidly spreading omicron variant. Speaking to Yahoo! Finance on Thursday, Jefferies analyst Michael Yee said the "overly high expectations" set last year, as Moderna's Covid-19 vaccine became widely available to the public, will "lead to challenges... as people … [Read more...] about Moderna Stock Crash Intensifies: Losses Top $130 Billion After Scientists Find Covid Boosters Aren’t Halting Omicron Infections
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Share to Twitter Share to Linkedin Johnson & Johnson stock (NYSE: JNJ) is scheduled to report its Q4 2021 results on Tuesday, January 25. We expect J&J to report revenues and earnings above the consensus estimates. The pharmaceuticals sales will likely be driven by continued market share gains for its cancer drugs, Imbruvica and Darzalex, and immunology drugs, Stelara and Tremfya. However, the company is unlikely to see any meaningful contribution from its Covid-19 vaccine. The Medical Devices business is likely to see higher sales growth with a rise in total procedures volume, though the rise in Covid-19 cases due to the spread of Omicron since December may have impacted the overall segment revenue growth. Not only do we believe J&J will post Q4 results slightly above the street expectations, we find JNJ stock to be attractive at the current levels, and it is likely to rise post Q4 results. Our forecast indicates that J&J’s valuation is … [Read more...] about Will Johnson & Johnson Stock Rise After Q4 Results?
Share to Twitter Share to Linkedin Topline Shares of Peloton—which surged during the pandemic as house-bound consumers grasped for ways to stay healthy—plunged over 20% on Thursday after reports that the company will temporarily halt production of its at-home fitness products as it looks to cut costs amid a “significant reduction” in consumer demand. Key Facts Peloton will temporarily stop making at-home fitness products, including its Bikes and treadmills, CNBC first reported on Thursday. The news caused Peloton shares to plunge as much as 24%—with trading temporarily halted—before the stock pared back losses somewhat, down 22% as of 3:00 p.m. EST. The company will halt Bike production for two months—from February to March—and will also suspend production of its treadmills for six weeks starting in February, according to internal documents reviewed by CNBC. The company reportedly said that demand for its at-home fitness equipment has … [Read more...] about Peloton—Pandemic Stock Darling—Reportedly Halts Production Of Fitness Products, Shares Plunge Over 20%
Share to Twitter Share to Linkedin Wheaton Precious Metals stock (NYSE: WPM) is up more than 6% in just the last one week, outperforming the S&P 500 which was down almost 4% during this time. If you look at the change over the last ten days and one month, WPM stock is up (1.3% and 2.6%, respectively) and has outperformed the broader market on both the occasions. The rise in WPM stock was driven by the announcement of WPM entering in a metal purchase agreement with Alliance Metals International, a subsidiary of Adventus Mining Corporation. Per this agreement, Wheaton Precious Metals International will acquire gold and silver streams from Adventus Mining’s Curipamba Project based in Ecuador. Curipamba is expected to be a high-quality, low-cost copper-gold mine with a 10-year mine life. This will further strengthen WPM’s diversified portfolio of low-cost, high-quality, long-life mines. The company expects that the Curipamba Project has significant exploration … [Read more...] about Wheaton Precious Metals Acquires New Metal Stream – Impact On Stock?
Share to Twitter Share to Linkedin Scientific Games (NASDAQ: SGMS) announced the sale of its Lottery and Sports Betting businesses with an aim to raise $7 billion and de-lever the balance sheet as a part of its strategic plan. The company provides technology-based products and services for iGaming, lottery, and social gaming industries. Despite reporting promising revenue growth numbers in recent years, the company has been incurring losses due to high interest costs. So is SGMS stock likely to gain more in the coming weeks and months or is a decline more likely? Per the Trefis machine learning engine which analyzes historical stock price movements, SGMS stock has a 57% chance of a rise over the next month (21 trading days). See our analysis Scientific Games Stock Chance of Rise for more details. ( related: Will Tides Turn For Las Vegas Sands Stock? ) Five Days: SGMS -3.6%, vs. S&P 500 -0.3%; Under performed market (26% event probability) … [Read more...] about Should Investors Remain Optimistic On Scientific Games Stock?
Share to Twitter Share to Linkedin [Updated: 01/21/22] AEO Stock Update American Eagle Outfitters (NYSE: AEO) reported its Q3 report, wherein revenues were slightly higher and earnings were 17% above the Trefis estimates. The company surpassed market expectations on the top and bottom lines in its Q3 earnings with reported revenues of $1.27 billion, up 23.3% year-over-year (y-o-y), and earnings per share of $0.74 compared to $0.32 a year ago and $0.48 in 2019. In addition, the company’s gross margin of 44.3% expanded 410 basis points from 40.2% in the third quarter of 2020 and reflected the highest rate since 2007. Notably, sales at the retailer’s Aerie division, which it is counting on to drive growth, rose 28% y-o-y in 2021 after posting 34% growth the prior year. Meanwhile, sales at its namesake brand (American Eagle AEO ) bounced back, up 21% following an 11% decline y-o-y in the prior year. American Eagle Outfitters also issued a strong update on … [Read more...] about American Eagle Stock Looks Attractive At $23
Share to Twitter Share to Linkedin Helen of Troy Limited stock (NASDAQ: HELE) is down 7.5% in the past month (21 trading days), underperforming the S&P 500 which was down around 2% over this period. If you look at the change over the last ten days, too, the stock has returned -7.8%, underperforming the broader market, again. Helen of Troy had reported weak Q3 ’22 earnings earlier this month, with revenue dropping from $638 million in Q3 ’21 to $625 million in Q3 ’22. Further, with COGS rising over this period, operating income dropped at a faster rate from $101 million in Q3 ’21 to $90 million in Q3 ’22. Finally, a rise in the interest expense outweighed a drop in the effective tax rate, and EPS pulled back from $3.37 to $3.14 over this period. The drop in the stock’s price since has been a reaction to this poor earnings performance. Now, is HELE stock set to continue its underperformance or could we expect a rally? We believe that there is a decent 61% … [Read more...] about What’s Next For Helen Of Troy Stock After Weak Post-Earnings Performance?
Share to Twitter Share to Linkedin General Electric is scheduled to report its Q4 2021 results on Tuesday, January 25. We expect GE stock to see little movement due to mixed Q4 with revenues beating consensus estimates, but earnings falling short. The overall economic growth likely bolstered the revenue growth in Q4, but with the spread of Omicron, and continued supply chain issues may have adversely impacted the margin growth. That said, our forecast indicates that GE’s valuation is $118 per share, which is more than 15% above the current market price of $102, implying that the stock has more room for growth, in our view. Our interactive dashboard analysis on General Electric’s Pre-Earnings has additional details. (1) Revenues expected to be above the consensus estimates Trefis estimates GE’s Q4 2021 revenues to be around $23.2 billion, reflecting a 6% y-o-y growth, and it is 7% above the $21.7 billion consensus estimate. While GE’s aviation … [Read more...] about How Will General Electric Stock Trend Following Q4 Earnings?
Share to Twitter Share to Linkedin MercadoLibre’s stock (NASDAQ: MELI) declined by 7.2% in the last twenty-one trading days. In comparison, the broader S&P500 index fell by only 1.2% in the last twenty-one trading days. MercadoLibre operates online marketplaces dedicated to e-commerce and online auctions in Latin America, and saw its stock fall after Jefferies downgraded it due to the high macro uncertainty in Brazil which is its largest revenue base (55% to 60%). Now, is MELI stock poised to grow? Based on our machine learning analysis of trends in the stock price over the last ten years, there is a 54% chance of a rise in MELI stock over the next month (twenty-one trading days). See our analysis on MercadoLibre’s Stock Chance Of Rise for more details. Five Days: MELI 3.4%, vs. S&P500 -0.3%; Outperformed market (30% event probability) MercadoLibre’s stock rose 3.4% over a five day trading period, compared to the broader market … [Read more...] about MercadoLibre’s Stock Down In Last Two Weeks, Is It A Good Pick?
Share to Twitter Share to Linkedin Luminar stock , a company that develops lidar sensors for use in self-driving cars, has declined by roughly 15% over the last week (five trading days), underperforming the S&P 500 which was down by about 4%. The stock also remains down by about 17% over the last month. There are likely a couple of factors driving the recent sell-off. Firstly, Luminar issued about $550 million worth of convertible debt last month, while buying back around $250 million of its stock. It’s possible that investors are a bit concerned about these transactions given that the company hasn’t started meaningful commercial operations yet, with profitability and positive cash flows likely several years away. Separately, electric vehicle stocks, in general, have underperformed the market in recent weeks, due to rising bond yields and this could also be hurting Luminar. For perspective, EV bellwether Tesla stock is down by about 17% year-to-date in 2022. … [Read more...] about Why Luminar Stock May See Lower Levels Going Forward