Monthly Archives: August 2021

Top 5 Tech Stocks For 2022

Riot Blockchain, Inc. (RIOT Quick QuoteRIOT ) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to loss of $0.31 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 160%. A quarter ago, it was expected that this company would post earnings of $0.20 per share when it actually produced earnings of $0.09, delivering a surprise of -55%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Riot Blockchain, Inc.Which belongs to the Zacks Technology Services industry, posted revenues of $34.35 million for the quarter ended June 2021, surpassing the Zacks Consensus Estimate by 18.03%. This compares to year-ago revenues of $1.94 million. The company has topped consensus revenue estimates two times over the last four quarters.

The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.

Top 5 Tech Stocks For 2022: Ondas Holdings Inc.(ONDS)

Ondas Holdings Inc. designs, develops, manufactures, sells, and supports FullMAX software defined radio (SDR) platform in the United States and internationally. The company provides FullMAX base station and remote radios to create wide-area wireless communication networks; and FullMAX SDR platform that offers a private network for industrial applications, which safeguards critical assets and information, and protects against cyberattacks. It sells its products and services through direct sales force and value-added sales partners to critical infrastructure providers and applications, such as electric and gas utilities, water and wastewater utilities, transportation, oil and gas producers and pipeline operators, security, commercial and industrial drones, and defense markets. The company is headquartered in Nantucket, Massachusetts.

Advisors’ Opinion:

  • [By Eric Volkman (TMFVolkman)]

    Ondas Holdings (NASDAQ:ONDS) wasn’t exactly a hit with investors on Monday. The specialty networking services company reported disappointing second-quarter earnings, and investors responded by trading the stock down; it closed the day nearly 14% lower.

Top 5 Tech Stocks For 2022: SailPoint Technologies Holdings(SAIL)

SailPoint Technologies Holdings, Inc. provides enterprise identity security solutions in the United States, Europe, the Middle East, Africa, and internationally. The company offers software and software as a service (SaaS) solutions, which help organizations to govern the digital identities of employees, contractors, business partners, software bots, and other human and non-human users, as well as manage their constantly changing access rights to enterprise applications and data across hybrid IT environments, spanning on-premises, cloud and mobile applications, and file storage platforms. Its solutions include IdentityNow, a cloud-based multi-tenant identity security platform; IdentityIQ, an on-premises identity security solution; and SailPoint Identity Services, a multi-tenant SaaS subscription service. The company sells its products and solutions to commercial enterprises, financial institutions, and governments directly, as well as through system integrators, technology partners, and value-added resellers. SailPoint Technologies Holdings, Inc. was founded in 2004 and is headquartered in Austin, Texas.

Advisors’ Opinion:

  • [By ]

    Get a free copy of the Zacks research report on SailPoint Technologies (SAIL)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Motley Fool Transcribing]

    Sailpoint Technologies Holdings, Inc. (NYSE:SAIL) Q4 2018 Earnings Conference CallMarch 5, 2019 5:00 p.m. ET

    Contents:
    Prepared Remarks Questions and Answers Call Participants
    Prepared Remarks:

    Operator

  • [By Shane Hupp]

    Sailpoint Technologies Holdings Inc (NYSE:SAIL) Director William G. Bock sold 4,000 shares of the firm’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $32.00, for a total transaction of $128,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

  • [By Logan Wallace]

    Get a free copy of the Zacks research report on Sailpoint Technologies (SAIL)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

Top 5 Tech Stocks For 2022: SharpSpring, Inc.(SHSP)

SharpSpring, Inc. (the “Company”) is a cloud-based marketing technology company. The Company’s products are designed to improve the way that businesses communicate with their prospects and customers to increase sales. The Company’s flagship SharpSpring marketing automation platform uses advanced features such as web tracking, lead scoring and automated workflow to help businesses deliver the right message to the right customer at the right time. All of our products are designed and built as Software as Service (or SaaS) offerings. We provide our products primarily on a subscription basis, with additional fees charged if specified volume limits are exceeded by our customers.

We operate globally with offices on three continents through SharpSpring, Inc., a Delaware corporation, and our wholly owned subsidiaries that consist of (i) SharpSpring Technologies, Inc., a Delaware corporation; (ii) InterInbox SA, a Swiss corporation; (iii) ERNEPH 2012A (Pty) Ltd.   Advisors’ Opinion:

  • [By WWW.GURUFOCUS.COM]

    For the details of Cat Rock Capital Management LP’s stock buys and sells, go to www.gurufocus.com/StockBuy.php?GuruName=Cat+Rock+Capital+Management+LP

    These are the top 5 holdings of Cat Rock Capital Management LPTransDigm Group Inc (TDG) – 311,175 shares, 36.47% of the total portfolio. Shares added by 7.62%CarGurus Inc (CARG) – 2,575,310 shares, 30.38% of the total portfolio. Shares added by 138.50%Facebook Inc (FB) – 269,513 shares, 17.78% of the total portfolio. Shares added by 25.29%Star Group LP (SGU) – 3,032,551 shares, 10.09% of the total portfolio. Shares reduced by 0.58%ShotSpotter Inc (SSTI) – 311,862 shares,

  • [By Stephan Byrd]

    SharpSpring Inc (NASDAQ:SHSP) major shareholder Cat Rock Capital Management Lp purchased 81,111 shares of the business’s stock in a transaction on Friday, September 21st. The stock was acquired at an average price of $13.32 per share, with a total value of $1,080,398.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

  • [By WWW.GURUFOCUS.COM]

    For the details of Cat Rock Capital Management LP’s stock buys and sells, go to www.gurufocus.com/StockBuy.php?GuruName=Cat+Rock+Capital+Management+LP

    These are the top 5 holdings of Cat Rock Capital Management LPTransDigm Group Inc (TDG) – 311,175 shares, 36.47% of the total portfolio. Shares added by 7.62%CarGurus Inc (CARG) – 2,575,310 shares, 30.38% of the total portfolio. Shares added by 138.50%Facebook Inc (FB) – 269,513 shares, 17.78% of the total portfolio. Shares added by 25.29%Star Group LP (SGU) – 3,032,551 shares, 10.09% of the total portfolio. Shares reduced by 0.58%ShotSpotter Inc (SSTI) – 311,862 shares,

Top 5 Tech Stocks For 2022: Dover Corporation(DOV)

Dover Corporation manufactures and sells a range of equipment and components, specialty systems, and support services in the United States and internationally. The company operates in four segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Energy segment provides solutions and services for the production and processing of oil, natural gas liquids, and gas to drilling and production, bearings and compression, and automation end markets. The Engineered Systems segment offers precision marking and coding, digital textile, soldering and dispensing equipment, and related consumables and services; and automation components, including manual clamps, power clamps, rotary and linear mechanical indexers, conveyors, pick and place units, glove ports, and manipulators, as well as end-of-arm robotic grippers, slides, and end effectors for fast-moving consumer goods, digital textile printing, vehicle service, environmental solutions, and industrials end markets. The Fluids segment focuses on the safe handling of critical fluids across the retail fueling, chemical, hygienic, and industrial markets. It also manufactures connectors for use in various bio-processing applications; and displacement and centrifugal pumps for demanding and specialized fluid transfer process applications. The Refrigeration & Food Equipment segment provides refrigeration systems, refrigeration display cases, specialty glass, commercial glass refrigerator and freezer doors, and brazed heat exchangers; and electrical distribution products and engineering services, commercial food service equipment, cook-chill production systems, custom food storage and preparation products, kitchen ventilation systems, conveyer systems, beverage can-making machinery, and packaging machines used for meat, poultry, and other food products. The company was founded in 1947 and is headquartered in Downers Grove, Illinois.

Advisors’ Opinion:

  • [By ]

    Dover Corp. (NYSE: DOV) spans multiple industries for equipment and components, pumps, conveyors and other items used by manufacturers and goods-producing companies. Its dividend hike in August 2018 marked the 63rd consecutive year of dividend hikes since its founding in 1947.

  • [By Shane Hupp]

    Prudential Financial Inc. lowered its holdings in Dover Corp (NYSE:DOV) by 2.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 181,580 shares of the industrial products company’s stock after selling 3,896 shares during the quarter. Prudential Financial Inc.’s holdings in Dover were worth $12,883,000 as of its most recent filing with the Securities & Exchange Commission.

  • [By Joseph Griffin]

    Shares of Dover Corp (NYSE:DOV) reached a new 52-week high during mid-day trading on Monday after the company announced a dividend. The stock traded as high as $91.26 and last traded at $91.20, with a volume of 1082973 shares traded. The stock had previously closed at $90.07.

Top 5 Tech Stocks For 2022: Diodes Incorporated(DIOD)

Diodes Incorporated, together with its subsidiaries, designs, manufactures, and supplies application specific standard products within the broad discrete, logic, and analog semiconductor markets primarily in Asia, North America, and Europe. Its products portfolio consist of diodes, rectifiers, transistors, MOSFETs, protection devices, functional specific arrays, single gate logic, amplifiers and comparators, transient voltage suppressors, silicon wafers, drain inverters, and Hall-effect and temperature sensors. The company also provides power management devices, including LED drivers, and DC-DC switching and linear voltage regulators; and special function devices comprising USB power switches, load switches, voltage supervisors, and motor controllers. It sells its products to consumer electronics, computing, communications, industrial, and automotive industries through direct sales and marketing personnel, independent sales representatives, and distributors. The company wa s founded in 1959 and is headquartered in Plano, Texas.

Advisors’ Opinion:

  • [By Joseph Griffin]

    Get a free copy of the Zacks research report on Diodes (DIOD)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Max Byerly]

    Diodes Incorporated (NASDAQ:DIOD) CFO Richard Dallas White sold 13,000 shares of Diodes stock in a transaction on Thursday, August 30th. The shares were sold at an average price of $37.88, for a total value of $492,440.00. Following the completion of the transaction, the chief financial officer now owns 111,920 shares of the company’s stock, valued at $4,239,529.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

  • [By Shane Hupp]

    Diodes Incorporated (NASDAQ:DIOD) VP Francis Tang sold 6,560 shares of the firm’s stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $38.90, for a total transaction of $255,184.00. Following the sale, the vice president now owns 88,597 shares of the company’s stock, valued at $3,446,423.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

  • [By Logan Wallace]

    Diodes Incorporated (NASDAQ:DIOD) CEO Keh Shew Lu sold 48,248 shares of the firm’s stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $38.32, for a total value of $1,848,863.36. Following the sale, the chief executive officer now owns 620,304 shares in the company, valued at $23,770,049.28. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Wedbush: Apple a Buy Ahead of iPhone 13 Launch

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Apple (AAPL, $151.12) fanboys and AAPL stock bulls alike are amped for the coming launch of the iPhone 13. And Wedbush Securities says their enthusiasm is very much warranted.

Analyst Daniel Ives writes that recent supply-chain checks suggest a “normal” launch for the latest iteration of Apple's wildly popular smartphone, which he expects to drop in the third week of September.

11 Stocks Warren Buffett Is Selling (And 3 He's Buying)

That doesn't sound like good news for AAPL. But between the global shortage of semiconductors and spread of COVID-19 Delta variant overseas, “normal,” in this case, is extremely good news.

Ives' Read on the iPhone

“Asia supply chain builds for iPhone 13 are currently still in the approximately 90 million unit range compared to our initial iPhone 12 reads at 80 million units (pre-COVID), and represent an approximately 10%-plus increase year-over-year out of the gates,” Ives writes in a Tuesday note to clients.

Although the iPhone 13 build number “will clearly move around” over the coming months because of the g! lobal chip shortage, the analyst believes the data “speaks to an increased confidence with Apple CEO Tim Cook & Co. that this 5G-driven product cycle will extend well into 2022, and should also benefit from a post-vaccine consumer 'reopening environment.'”

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Fanboys will be happy to hear that Ives has increased confidence that the iPhone 13 will offer an “eye-popping” one-terabyte storage option. That's double the maximum storage capacity available in any previous iPhone model.

What It Means for Apple Stock

Apple bulls, meanwhile, should be pleased to know that the iPhone 13 remains the potential catalyst AAPL stock could probably use at this point.

Shares in Apple were up 13.9% for the year-to-date through Aug. 16, lagging the Nasdaq (14.8%), Dow Jones Industrial Average (16.4%) and S&P 500 (19.3%) over that span.

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YCharts

Although investors would surely like to see the world's largest publicly listed company beat the major benchmarks by year-end, let's remember: AAPL stock is nothing if not a long-term holding.

Just ask Warren Buffett, chairman and CEO of Berkshire Hathaway (BRK.B), and arguably the greatest long-term investor of all time. AAPL is by far Buffett's favorite stock, accounting for a whopping 41.5% of Berkshire Hathaway's total portfolio value as of June 30.

The 21 Best Stocks to Buy for the Rest of 2021

Wall Street is firmly in the buy-and-hold camp as well. Of the 42 analysts issuing opinions on AAPL stock tracked by S&P Global Market Intelligence, 25 rate it at Strong Buy, seven say Buy, seven call it a Hold, one has it at Sell and two say Strong Sell. Their consensus recommendation comes to Buy, with high conviction, per S&P GMI.

The Street'! s average! target price of $163.29, however, gives Apple stock implied upside of just 8% over the next year or so.

The bulls, naturally, expect much more from shares. As for Wedbush's Ives, he maintained his Outperform (Buy) rating, calling Apple “a top tech name to own.” Meanwhile, the analyst's $185 price target gives AAPL implied upside of about 22% over the next 12 months.

“Our favorite large-cap tech name to play the 5G transformational cycle is Apple,” writes Ives, “with the one-two punch of its massive services business and iPhone product cycle translating into a $3 trillion market cap for Cupertino in the next six to 12 months.”

Apple's market cap was roughly $2.5 trillion as of Aug. 16.

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Hot Insurance Stocks To Watch For 2021

Wall Street reeled under volatility in the last three trading days. A few weak economic data, the resurgence of the Delta string of coronavirus and the Fed’s signal of a possible tapering of its quantitative easing program starting this year dented investors’ confidence.

However, the fundamentals of the U.S. economy stay solid and the overall trend of the market remains encouraging. The U.S. economy is going through a robust recovery despite the threat of the Delta strain of coronavirus and mounting inflation.

Most parts of the U.S. economy have already reopened. The Dow and the S&P 500 registered all-time highs on Aug 16 and the Nasdaq Composite posted an all-time high on Aug 5.

The Financial Select Sector SPDR (XLF), one of the 11 broad sectors of the benchmark S&P 500 Index, was the best performer in the past month rising 6.7%.

Near-Term Drivers

A major part of the financial sector is the insurance industry, consisting of life insurers, property and casualty insurers, accident and health insurers, multiline insurers, and insurance brokerage firms. The Fed’s FOMC meeting minutes of July revealed that growing support within Fed officials to start tapering the $120 billion per-month bond-buying program from as early as October.

Hot Insurance Stocks To Watch For 2021: Aon Corporation(AON)

Aon Corporation provides risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing services primarily in the United States, the Americas, the United Kingdom, Europe, the Middle East, Africa, and the Asia Pacific. The company?s Risk Solutions segment offers retail brokerage products and services, including affinity products, general underwriting management services, placement services, and captive management services; and advisory services to technology, financial services, agribusiness, aviation, construction, health care, and energy industries, as well as facilitates various risk management solutions for property liability, general liability, professional liability, directors’ and officers’ liability, workers’ compensation, and various healthcare products. This segment also provides risk consulting services comprising captive management; eSolutions products that enable clients to manage risks, policies, claims, and safet y concerns through an integrated technology platform; reinsurance brokerage services, such as actuarial, enterprise risk management, catastrophe management, and rating agency advisory services; property and casualty reinsurance; and specialty lines, which include professional liability, medical malpractice, accident, life, and health, as well as capital management transaction and advisory services. Its HR Solutions segment offers human capital services in the areas of health and benefits, retirement, compensation, and strategic human capital; and benefits administration and human resource business process outsourcing services. The company was founded in 1919 and is headquartered in Chicago, Illinois.

Advisors’ Opinion:

  • [By Todd Campbell (TMFEBCapital)]

    As I mentioned, the Oracle of Omaha didn’t find anything new to add to Berkshire Hathaway’s portfolio. Instead, Berkshire Hathaway added to existing positions in Kroger(NYSE:KR), RH (NYSE:RH), and Aon (NYSE:AON). It also received shares in Organon(NYSE:OGN) when Merck(NYSE:MRK) spun it off on June 3. Berkshire already held the healthcare giant in its portfolio.

  • [By Joseph Griffin]

    A number of equities analysts recently commented on AON shares. Wells Fargo & Co lifted their price objective on AON from $165.00 to $150.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 13th. Morgan Stanley lifted their price objective on AON from $152.00 to $167.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 14th. Keefe, Bruyette & Woods downgraded AON from an “outperform” rating to a “market perform” rating in a research report on Thursday, December 13th. ValuEngine downgraded AON from a “buy” rating to a “hold” rating in a research report on Wednesday, December 26th. Finally, Zacks Investment Research upgraded AON from a “hold” rating to a “buy” rating and set a $157.00 price objective on the stock in a research report on Monday, December 31st. Nine equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $169.10.

    ILLEGAL ACTIVITY NOTICE: “Aon PLC (AON) Shares Bought by Polar Capital LLP” was reported by Ticker Report and is the sole property of of Ticker Report. If you are viewing this piece on another domain, it was copied illegally and republished in violation of United States & international copyright & trademark law. The correct version of this piece can be accessed at www.tickerreport.com/banking-finance/4218889/aon-plc-aon-shares-bought-by-polar-capital-llp.html.

    AON Profile

  • [By Stephan Byrd]

    TRADEMARK VIOLATION WARNING: “Aon PLC (AON) Position Cut by Scharf Investments LLC” was originally reported by Ticker Report and is the property of of Ticker Report. If you are reading this news story on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The original version of this news story can be read at www.tickerreport.com/banking-finance/4213630/aon-plc-aon-position-cut-by-scharf-investments-llc.html.

Hot Insurance Stocks To Watch For 2021: Topdanmark A/S (TOP)

Topdanmark A/S is a Denmark-based insurance company engaged in the insurance and pension fund business. The Companys activities are divided into such segments, as Personal, and SME (Small and Medium Enterprises) and Industrial. The Personal segment sells policies for individual households in Denmark. The SME and Industrial segment offers policies for Denmark-based SME, agricultural and industrial businesses. The Companys private insurance offering includes such insurance products, as home, vehicle, accident, pet, child and life and health insurance, as well as pension funds. Its corporate insurance offering includes property insurance, insurance of goods and equipment, and car insurance, among others. As of December 31, 2012, it had subsidiaries responsible for life and non-life insurance, as well as for asset management, investment and property-related activities. Advisors’ Opinion:

  • [By Logan Wallace]

    TopCoin (CURRENCY:TOP) traded flat against the US dollar during the 24-hour period ending at 16:00 PM E.T. on March 9th. During the last seven days, TopCoin has traded flat against the US dollar. One TopCoin coin can currently be bought for about $0.0008 or 0.00000010 BTC on cryptocurrency exchanges. TopCoin has a market capitalization of $0.00 and $0.00 worth of TopCoin was traded on exchanges in the last 24 hours.

  • [By Max Byerly]

    ILLEGAL ACTIVITY NOTICE: “Enertopia (TOP) Stock Price Up 16.7%” was first reported by Ticker Report and is the property of of Ticker Report. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of United States and international copyright and trademark legislation. The correct version of this piece of content can be accessed at www.tickerreport.com/banking-finance/4181611/enertopia-top-stock-price-up-16-7.html.

  • [By Max Byerly]

    TopCoin (CURRENCY:TOP) traded flat against the U.S. dollar during the one day period ending at 7:00 AM E.T. on September 8th. In the last seven days, TopCoin has traded flat against the U.S. dollar. TopCoin has a total market capitalization of $0.00 and $0.00 worth of TopCoin was traded on exchanges in the last day. One TopCoin coin can now be bought for about $0.0008 or 0.00000010 BTC on major cryptocurrency exchanges.

  • [By Logan Wallace]

    TopCoin (CURRENCY:TOP) traded down 15.4% against the dollar during the 1-day period ending at 7:00 AM E.T. on June 21st. During the last seven days, TopCoin has traded up 4% against the dollar. TopCoin has a market cap of $0.00 and approximately $123.00 worth of TopCoin was traded on exchanges in the last day. One TopCoin coin can currently be bought for about $0.0010 or 0.00000015 BTC on popular exchanges.

Hot Insurance Stocks To Watch For 2021: W.R. Berkley Corporation(WRB)

W. R. Berkley Corporation, an insurance holding company, operates as commercial lines writers in the property casualty insurance business primarily in the United States. The company operates in five segments: Specialty, Regional, Alternative Markets, Reinsurance, and International. The Specialty segment underwrites third-party liability risks, primarily excess, and surplus lines, including premises operations, professional liability, commercial automobile, products liability, and property lines. The Regional segments provide commercial insurance products to small-to-mid-sized businesses, and state and local governmental entities primarily in the 45 states of the United States. The Alternative Markets segment develops, insures, reinsures, and administers self-insurance programs and other alternative risk transfer mechanisms. This segment offers its services to employers, employer groups, insurers, and alternative market funds, as well as provides a range of fee-based servic es, including consulting and administrative services. The Reinsurance segment engages in the underwriting property casualty reinsurance on a treaty and a facultative basis, including individual certificates and program facultative business; and specialty and standard reinsurance lines, and property and casualty reinsurance. The International segment offers personal and commercial property casualty insurance in South America; commercial property casualty insurance in the United Kingdom and continental Europe; and reinsurance in Australia, Southeast Asia, and Canada. The company was founded in 1967 and is based in Greenwich, Connecticut.

Advisors’ Opinion:

  • [By Max Byerly]

    Shares of W. R. Berkley Corp (NYSE:WRB) saw strong trading volume on Tuesday . 1,794,500 shares changed hands during trading, an increase of 388% from the previous session’s volume of 367,847 shares.The stock last traded at $79.32 and had previously closed at $78.15.

  • [By Shane Hupp]

    Gifford Fong Associates bought a new position in shares of W. R. Berkley Corp (NYSE:WRB) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 3,000 shares of the insurance provider’s stock, valued at approximately $217,000.

Hot Insurance Stocks To Watch For 2021: Prudential Financial Inc.(PRU)

Prudential Financial, Inc., through its subsidiaries, offers various financial products and services in the United States, Asia, Europe, and Latin America. The company operates through three divisions: The U.S. Retirement Solutions and Investment Management, The U.S. Individual Life and Group Insurance, and The International Insurance and Investments. The U.S. Retirement Solutions and Investment Management division provides individual variable and fixed annuity products, as well as offers retirement investment and income products and services to retirement plan sponsors in the public, private, and not-for-profit sectors. This division also provides investment management and advisory services to the public and private marketplace. The U.S. Individual Life and Group Insurance division offers individual variable life, term life, and universal life insurance products; and group life, long-term and short-term group disability, long-term care, and group corporate-, bank-and trus t-owned life insurance products to institutional clients. This division also sells accidental death and dismemberment, and other ancillary coverages, as well as provides plan administrative services; and offers preferred provider and indemnity dental coverage plans to clients. The International Insurance and Investments division provides international individual life insurance products in Japan, Korea, and other foreign countries; and offers proprietary and non-proprietary asset management, investment advice, and services to retail and institutional clients internationally. In addition, the company engages in real estate brokerage franchise business, which involves marketing its franchises to the real estate companies. Further, it provides institutional clients and government agencies with various services in connection with the relocation of their employees. Prudential Financial, Inc. was founded in 1875 and is headquartered in Newark, New Jersey.

Advisors’ Opinion:

  • [By Josh Enomoto]

    As well, the company posted a 11% sales increase in the fiscal second quarter of 2021 relative to the year-ago level. That it was also a bump up sequentially from fiscal Q1 results was a nice bonus. Moving forward, whether the coronavirus variants wreak havoc on society or if things normalize, Walgreens enjoys a critical essential business. Thus, it’s one of the dividend stocks to consider.

    Prudential Financial (PRU)

  • [By Shane Hupp]

    COPYRIGHT VIOLATION NOTICE: “Bank of Nova Scotia Buys 33,446 Shares of Prudential Financial Inc (PRU)” was originally published by Ticker Report and is the sole property of of Ticker Report. If you are accessing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this story can be accessed at www.tickerreport.com/banking-finance/4192921/bank-of-nova-scotia-buys-33446-shares-of-prudential-financial-inc-pru.html.

  • [By Motley Fool Transcribers]

    Prudential Financial Inc (NYSE:PRU)Q42018 Earnings Conference CallFeb. 07, 2019, 11:00 a.m. ET

    Contents:
    Prepared Remarks Questions and Answers Call Participants
    Prepared Remarks:

    Operator

  • [By Ethan Ryder]

    DNB Asset Management AS grew its holdings in shares of Prudential Financial Inc (NYSE:PRU) by 4.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 102,905 shares of the financial services provider’s stock after acquiring an additional 4,555 shares during the period. DNB Asset Management AS’s holdings in Prudential Financial were worth $10,426,000 as of its most recent SEC filing.

Hot Insurance Stocks To Watch For 2021: American International Group Inc.(AIG)

American International Group, Inc. is an international insurance organization. The company operates property and casualty insurance networks worldwide and conducts activities in the U.S. life insurance and retirement services industry. It also involves in commercial aircraft leasing and residential mortgage guaranty insurance businesses. The company, through Chartis Inc., provides various property and casualty insurance products under commercial and consumer categories worldwide. These products include surplus lines, executive liability/directors? and officers? liability, employment practices, excess casualty, and travel/assistance lines. American International Group, through SunAmerica Financial Group, offers a suite of life insurance and retirement products and services, including term life, universal life, accident and health, fixed and variable deferred annuities, fixed payout annuities, mutual funds, and financial planning products and services to individuals and grou ps in the United States. The company, through International Lease Finance Corporation, operates as an aircraft lessor that acquires commercial jet aircraft from various manufacturers and other parties, and leases those aircraft to airlines worldwide. It also sells aircraft from its fleet to other leasing companies, financial services companies, and airlines, as well as provides management services to third-party owners of aircraft portfolios. American International Group, through United Guaranty Corporation, issues residential mortgage guaranty insurance that covers mortgage lenders from the first loss for credit defaults on high loan-to-value conventional first-lien mortgages for the purchase or refinance of one- to four-family residences in the U.S. and internationally. The company was founded in 1967 and is based in New York, New York.

Advisors’ Opinion:

  • [By Matthew Frankel, CFP]

    At the time of the financial crisis, American International Group (NYSE:AIG) was the world’s largest insurance company. Unfortunately, losses on its mortgage-related investments and some other assets led to major liquidity concerns by the fall of 2018, and the company’s survival was questionable. It was ultimately decided that AIG was “too big to fail,” so the federal government authorized a series of massive credit lines to keep the company afloat.

  • [By Matthew Frankel, CFP]

    Today marks 10 years to the day since the Treasury Department and the Federal Reserve announced a restructuring of insurance giant AIG (NYSE:AIG). Here’s a look back at the key events that led up to the government-assisted restructuring, as well as a quick look at how AIG is doing a decade later.

Hot Insurance Stocks To Watch For 2021: Principal Financial Group Inc(PFG)

Principal Financial Group, Inc. provides retirement savings, investment, and insurance products and services worldwide. The company?s Retirement and Investor Services segment provides retirement savings and related investment products and services, including a portfolio of asset accumulation products and services primarily to small and medium-sized businesses and individuals in the United States. This segment offers products and services to businesses for defined contribution pension plans, including 401(k) and 403(b) plans, defined benefit pension plans, nonqualified executive benefit plans, and employee stock ownership plan consulting services; and annuities, mutual funds, and bank products and services to the employees of its business customers and other individuals. Principal Financial Group?s Principal Global Investors segment offers a range of equity, fixed income, and real estate investments, as well as specialized overlay and advisory services to institutional inve stors. The company?s Principal International segment offers retirement products and services, annuities, mutual funds, institutional asset management, and life insurance accumulation products in Brazil, Chile, China, Hong Kong SAR, India, Indonesia, Malaysia, Mexico, Singapore, and Thailand. Principal Financial Group?s U.S. Insurance Solutions segment offers individual life insurance, as well as specialty benefits in the United States. Its individual life insurance products include universal and variable universal life insurance and traditional life insurance; and specialty benefit products comprise group dental and vision insurance, individual and group disability insurance, and group life insurance, as well as fee-for-service claims administration and wellness services. The company was founded in 1879 and is based in Des Moines, Iowa.

Advisors’ Opinion:

  • [By Ethan Ryder]

    Get a free copy of the Zacks research report on Principal Financial Group (PFG)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By ]

    Principal Financial Group (Nasdaq: PFG) is a diversified financial firm with $540 billion in assets under management and leadership in retirement investment products, fund investments and life insurance. The company missed Q2 earnings on non-recurring items which sent the shares skidding lower but core business in retirement income solutions and insurance remains solid.

Huntington Ingalls (HII) Issues Notes to Execute Acquisition

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Huntington Ingalls Industries, Inc. (HII Quick QuoteHII ) completes issuing 0.670% senior notes worth $400 million due 2023 and $600 million of 2.043% senior notes due 2028. The offering was announced on Aug 9.

Net proceeds from this offering along with borrowings under the company’s term-loan credit facility will be utilized to fund the previously-announced Alion Science and Technology acquisition. The acquisition worth $1.65 billion of cash is expected to get completed in the second half of 2021. The deal will cost Huntington Ingalls $25 million of one-time transaction and financing-related expenses in 2021.

Motive Behind the Acquisition

Alion is poised for consistent growth with more than $3 billion in backlog and above $5 billion in estimated contract value besides a robust pipeline opportunity. Also, the U.S. Navy represents about one third of Alion’s current annual revenues while its customer base includes other intelligence communities. This will likely aid Huntington Ingalls’ operating results, post integration of Alion in its business.

Following the closure, Huntington Ingalls’ Technical Solutions business segment is projected to witness a CAGR of 7-9% in pro forma revenues during the 2021-2024 time period. The transaction will also raise Huntington Ingalls’ free cash flow outlook for the 2022-2024 forecast period by $200 million. The deal further creates substantial revenue and value addition opportunities worth $2.6 billion for Huntington Ingalls over the long term.

Financial Position

Huntington Ingalls’ cash and cash equivalents at the end of second-quarter 2021 were $348 million. The company’s long-term debt as of Jun 30, 2021 was $1,689 million. Although the long-term debt level lies much above the cash reserve, the company holds no current debt. This reflects its favorable solvency position, at least over the short term.

The company’s current ratio of 1.09 as of Jun 30, 2021 indicates that it has sufficie! nt funds to meet its short-term obligations. The ratio also improved sequentially. Huntington Ingalls’ debt-to-capital ratio of 0.45 declined sequentially. Also, its interest coverage ratio pegged at 8.7 as of Jun 30, 2021 improved sequentially from 7.4. Such improving financial ratios make us optimistic about the company’s ability to meet its debt obligations in the near future. This must have boosted investor confidence as well.

Price Performance & Zacks Rank

In the past six months, shares of Huntington Ingalls have gained 15.3% against the industry’s 4.1% fall.

Huntington Ingalls currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Six Months’ Price Performance

Zacks Investment Research
Image Source: Zacks Investment Research

Stocks to Consider

A few better-ranked players from the sector are Textron Inc. (TXT Quick QuoteTXT ) , VirTra, Inc. (VTSI Quick QuoteVTSI ) and Transdigm Group Incorporated (TDG Quick QuoteTDG ) . While Textron flaunts a Zacks Rank #1, the other two holding a Zacks Rank#2 (Buy) at present.

Textron has a long-term earnings growth rate of 28.25%. It delivered an earnings surprise of 37.4%, on average, in the last four quarters.

VirTra has a long-term earnings growth rate of 40%. It delivered an earnings surprise of 172.9%, on average, in the last four quarters.

Transdigm Group delivered an earnings surprise of 15%, on average, in the last four quarters. The Zacks Consensus Estimate for fiscal 2021 earnings has moved 1.3% north in the past 60 days.

Foot Locker (FL) Hikes Dividend by 50%: What Else to Know

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Foot Locker, Inc. (FL Quick QuoteFL ) is benefiting from sturdy growth in its digital realm, robust brand portfolio and disciplined inventory-management strategies. It is also committed to make prudent investments to accomplish long-term goals. These apart, management remains equally focused on bolstering the shareholder value.

The company announced a 50% hike in its quarterly cash dividend that took the total to 30 cents per share. The annualized dividend rate is brought to $1.20 per share. The raised dividend is payable Oct 29, 2021 to the shareholders of record as of Oct 15. Based on its share price of $55.80 on Aug 16, Foot Locker has a dividend yield of 2.2%.

Dividend payouts are the biggest enticement for investors while hikes not only boost shareholder returns but also raise the stock market value. The latest hike also reflects Foot Locker’s solid cash funds that are used to return value to its shareholders via dividends and buybacks as well as reinvestment in the business.

During the first quarter of fiscal 2021, Foot Locker returned a total of $55 million via share repurchases and dividends. It bought back 620,544 shares worth $34 million during the quarter. At the end of the fiscal first quarter, the company had cash and cash equivalents of $1,963 million, which increased 16.8%, sequentially. The company’s cash position was sufficient to meet the current portion of long-term debt and obligations under finance leases of $101 million as of May 1, 2021.

What’s More?

Earlier this month, the company agreed to acquire the U.S.-based footwear and apparel retailer Eurostar, Inc. (WSS) for $750 million and Text Trading Company, K.K. (atmos) for $360 million. Headquartered in Japan, Text Trading Company, K.K. owns and licenses the atmos brand.

Post acquisition, both WSS and atmos will maintain their names, operating as new banners in the company’s portfolio. Both transactions will be funded by cash and are expected to drive the buyer’s earni! ngs per share in fiscal 2021. These deals are likely to be concluded late in the third quarter of fiscal 2021.

Well, the aforesaid deals demonstrate Foot Locker’s consistent efforts to boost growth across its business. The retailer is benefiting from its strategic partnerships including collaboration with NIKE (NKE Quick QuoteNKE ) . It is consistently bolstering its omni-channel experience via addition of functionalities. The company is seeing robust product tailwinds, driven by basketball and footwear, comfort trends in apparel as well as new brands across its portfolio. International expansion is another key catalyst. It is also progressing well with its FLX membership program.

Zacks Investment Research
Image Source: Zacks Investment Research

Gaining from the aforementioned strengths, this New York-based company’s shares have surged 38% so far this year, outperforming the industry’s 16.2% growth.

Key Stocks to Consider in Retail

Abercrombie (ANF Quick QuoteANF ) has a long-term earnings growth rate of 18% and a Zacks Rank #1 (Strong Buy), currently. You can see the complete list of today’s Zacks #1 Rank stocks here.

Gap (GPS Quick QuoteGPS ) , presently a Zacks #1 Ranked stock, has a long-term earnings growth rate of 12%.