A review of inflation, interest rates, capacity utilization, and inventory point more towards the middle stage of an expansion.
Basic Materials companies like chemical producers typical do well mid-cycle. Huntsman International has a solid balance sheet, lots of dry powder for strategic opportunities, strong margins, and industry-leading efficiency returns.
The stock looks relatively undervalued relative to its peers based on less engineered multiples like Price/Sales and Enterprise Value/Free Cash Flow. Wall Street analysts and quant valuation models agree on its potential for 25 percent+ upside.
The Goldilocks Economy?
Timing this economy has the market on edge. With inflation nearing the Fed's 2 percent target, investors seemed relieved that the FOMC decided to hold off on hiking rates. In the ninth year of the 2nd longest expansion in U.S. history, it is surprising to hear the phrase "Goldilocks economy" in the news. Perhaps fitting, the old children's story tells of a little girl trying to profit before the bears come back home. During her breaking and entering, she finds three bowls of porridge, one too hot, one too cold, and one just right. With inflation growing at a moderate pace while unemployment dips under 4 percent, economists see the economy as not too hot and not too cold.
Hot Gold Stocks To Buy For 2019: CSX Corporation(CSX)
- [By Logan Wallace]
CSX (NASDAQ:CSX) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Monday.
- [By Stephan Byrd]
Get a free copy of the Zacks research report on CSX (CSX)
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- [By ]
CSX Corp. (CSX) shares rose slightly ahead of its first-quarter financial results, which will be released after the bell Tuesday, April 17.
- [By Asit Sharma]
It also hasn’t helped that competitorCSX Corporation (NASDAQ:CSX) just reported a massive year-over-year jump of nearly 6 percentage points in its operating ratio, from 69.4% to 63.7%, in the first quarter of 2018.I recently described how a more aggressive approach to operations appears to be fueling CSX’s productivity. And yet it should be acknowledged that CSX isn’t facing a congestion event like Union Pacific’s.
- [By Max Byerly]
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
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Encana Corp (ECA) Rising Higher 7.95% Over the Past Four Weeks (fisherbusinessnews.com) Encana Corporation (ECA) Most Active Stock Price trades 19.10% off from 200- SMA (nasdaqchronicle.com) Mid-Day Movers : Encana Corporation (NYSE:ECA), CSX Corporation (NASDAQ:CSX), MGIC Investment Corporation … (journalfinance.net) Featured Stock: Encana Corporation (ECA) (stockquote.review) Active Stock Evaluation Encana Corporation (NYSE: ECA) (financerater.com)
ECA has been the subject of a number of research analyst reports. Morgan Stanley raised shares of Encana from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $15.00 to $18.00 in a report on Wednesday, January 24th. Evercore ISI raised shares of Encana from an “in-line” rating to an “outperform” rating and upped their price target for the company from $10.84 to $16.00 in a report on Wednesday, March 7th. Zacks Investment Research downgraded shares of Encana from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. Scotiabank raised shares of Encana from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $13.00 to $14.00 in a report on Friday, February 16th. Finally, Goldman Sachs cut their price target on shares of Encana from $17.25 to $14.00 and set a “buy” rating for the company in a report on Friday, April 13th. Two analysts have rated the stock with a sell rating, two have given a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $15.28.
- [By ]
Here’s everything you must know before Wednesday’s opening bell:
IBM (IBM) said revenue for the three months ended in March rose 5% to just more than $19 billion. A preliminary examination of the blown jet engine of a Southwest Airlines (LUV) reportedly showed evidence of ‘metal fatigue.’ CSX (CSX) reported a top-and bottom-line beat for the first quarter, driven by lower costs and restructuring expenses. The IRS is giving taxpayers an extra day to file due to major outages on its website yesterday. U.S. stock futures pointed modestly higher on a strong beginning to corporate earnings season.
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Hot Gold Stocks To Buy For 2019: State Bank Financial Corporation.(STBZ)
- [By Logan Wallace]
State Bank Financial (NASDAQ:STBZ) last issued its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.03. State Bank Financial had a return on equity of 9.26% and a net margin of 18.77%. The firm had revenue of $68.16 million during the quarter, compared to the consensus estimate of $65.00 million. analysts expect that State Bank Financial will post 2.18 EPS for the current year.
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State Bank Financial Company Profile
Hot Gold Stocks To Buy For 2019: Etsy, Inc.(ETSY)
- [By Jeremy Bowman]
Like the other stocks on this list,Etsy(NASDAQ:ETSY) has been on a tear lately: The stock is up 40% so far this year. In fact, share prices have nearly tripled over the past 12 months as the company, under new CEO Josh Silverman, seems to finally be unleashing the power of its unique platform and marketplace model. Silverman, who was ushered in by activist investors last May, has laid off employees, shut down underperforming or tangential business units, and focused on driving gross merchandise sales, or the total sales of its merchants.
- [By Jeremy Bowman]
Shares ofEtsy, Inc.(NASDAQ:ETSY) were climbing again today after the online crafts marketplace got a vote of confidence from Loop Capital: Analyst Laura Champine initiated coverage with a “buy” rating and a $32 price target. Etsy shares gained as much as 9.6% during the trading day and finished up 8.3% on the endorsement.
- [By Daniel Sparks]
Etsy’s (NASDAQ:ETSY) momentum since its former CEO stepped down and was replaced by board member Josh Silverman this time last year continued in the company’s first quarter of 2018.With its fourth consecutive quarter of accelerating revenue growth, and swinging from a loss in the year-ago quarter to a profit in the first quarter of 2018, Etsy’s efforts are clearly paying off.
Hot Gold Stocks To Buy For 2019: American Superconductor Corporation(AMSC)
- [By Shane Hupp]
American Superconductor (NASDAQ:AMSC) had its price target upped by investment analysts at B. Riley from $6.00 to $7.00 in a research note issued on Monday. The firm presently has a “neutral” rating on the technology company’s stock. B. Riley’s price objective suggests a potential upside of 10.06% from the company’s current price.
- [By Max Byerly]
News stories about American Superconductor (NASDAQ:AMSC) have been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. American Superconductor earned a news impact score of 0.18 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 46.824635153043 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
- [By Money Morning News Team]
American Superconductor Corp.(Nasdaq: AMSC), based in Massachusetts, manufactures two-megawatt wind turbines and supplies for the construction of electrical power grids.
Hot Gold Stocks To Buy For 2019: Oak Valley Bancorp (CA)(OVLY)
- [By Shane Hupp]
Oak Valley Bancorp (NASDAQ:OVLY) Director H Randolph Holder, Jr. purchased 3,200 shares of the business’s stock in a transaction on Friday, May 18th. The shares were acquired at an average price of $20.00 per share, for a total transaction of $64,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.