Pegasystems (PEGA) Q4 2018 Earnings Conference Call Transcript

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Pegasystems (NASDAQ:PEGA) Q4 2018 Earnings Conference CallFeb. 20, 2019 5:00 p.m. ET

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

Operator

Good day, and welcome to the Pegasystems fourth-quarter and full-year 2018 earnings results call. Today’s conference is being recorded. At this time, I would like to turn the conference over to Ken Stillwell, chief financial officer, chief administrative officer, and senior vice president. Please go ahead, sir.

Ken Stillwell — Chief Financial Officer, Chief Administrative Officer, and Senior Vice President

Thank you. Good evening, ladies and gentlemen, and welcome to Pegasystems’ Q4 2018 earnings call. Before we begin, I’d like to read our safe harbor statement. Certain statements contained in this presentation may be construed as forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995.

The words expects, anticipates, intends, plans, believes, could, should, estimate, may, target, strategies, intends to, projects, forecasts, guidance, likely, and usually or variations of such words or other similar expressions identify forward-looking statements, which speak only as of the date the statement was made and are based on current expectations and assumptions. Because such statements deal with future events, they are subject to various risks and uncertainties. Actual results for fiscal-year 2019 and beyond could differ materially from the company’s current expectations. Factors that could cause the company’s results to differ materially from those expressed in forward-looking statements are contained in the company’s press release announcing its Q4 2019 earnings, and in the company’s filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31st, 2018 and other recent filings with the SEC.

Investors are cautioned not to place undue reliance on such forward-looking statements, and there are no assurances that the matters contained in such statements will be achieved. Although subsequent events may cause our view to change, except as required by applicable law, we do not undertake and specifically disclaim any obligation to publicly update or revise these forward-looking statements whether as a result of new information, future events or otherwise. And with that, I’ll turn the call over to Alan Trefler, founder and CEO of Pegasystems.

Alan Trefler — Chairman & Chief Executive Officer

Thank you, Ken. Q4 was strong, capping off a terrific year, and I’m pleased that our strategy is playing out. And we’re more convinced than ever that we have the right solutions and vision for what the market needs. As we’ve discussed, our goals are to accelerate growth while we move to a more recurring model.

And our year-end results demonstrate the progress we’re making. A lot of this is continuations of the trends we’ve discussed over the year. We’re seeing an acceleration in our move to the cloud and other recurring arrangements. And our trademarked Cloud Choice message is resonating.

And really, all of our client deals are being deployed with Cloud Choice as an important factor. And in 2018, amazingly, Pega Cloud, where we’re actually the full service cloud provider, represented half of all new deals compared to that being in the low 20% in 2017. This is a very positive development in terms of driving recurring revenue and cash flow over the longer term. Now you know we started talking very much about ACV well over a year ago, and our strong underlying business trends are reflected in license and cloud annual contract value that’s ACV, growing 40% year over year.

And total ACV, which includes maintenance, grew at a very healthy 23% from a year ago to $570 million. As we’ve discussed over the past several quarters, ACV is the measure we’re most focused on because we think it most closely reflects our underlying business trends while we work through our transition to being a cloud and as-a-service company. But as we’ve also said, it’s important to look at current performance, as well as future obligations in our commitments from clients to really understand the health of the business. And Ken will go into more detail with that when he picks up in the moment.

Q4 showed us with an annual run rate of $1 billion for each of billings and collections, which is very exciting. And I’m especially pleased this year to see a strong Q4, following a strong Q2 and Q3. I think this is a result of greater consistency in our sales team performance, of course with significant wins as well throughout 2018, all of which confirms that our strategy is working and that we’re doing a good job of onboarding our new staff over the last couple of years. So, really pleased with our financial results.

We believe there’s even more we can do to capture a improved portion of the immense opportunity before us, which is why our strategy is critical to continually and working to accelerate our growth. So in terms of strategy and differentiators that Pega has, throughout 2018 we focused our efforts on continuing to deliver the best solutions for client engagement, formerly known as CRM; and digital process automation, formerly known as workflow. This strategy culminated in the launch of Pega Infinity, our future-proof digital transformation platform powered by six key differentiators at the core of our competitive advantage. We do deep analysis of our deals, and we’re finding that we’re winning business because of the differentiation and the solutions we provide and the way it lets our customers think about their future.

These differentiators include: real-time omni channel A.I. to deliver the right next best action and insight at every client interaction; end-to-end automation and robotics that drives process, optimization and productivity across our client’s organizations; journey-centric rapid delivery that gets our clients to quick value by transforming one customer journey at a time; our Situational Layer Cake that drives usability, differentiation and specialization at enterprise scale; and software that writes itself, the industry’s first and most comprehensive no code platform that automatically generates, tunes and documents the software that powers our client’s enterprise applications. This enables us to offer this Cloud Choice capability that allows our customers to run on Pega Cloud as a fully managed service, choosing their future to move to Microsoft Azure, rig it on a private cloud with Pivotal or run on the Google Cloud platform, an unprecedented set of choices in a world where choice is increasingly important. Now as I referenced earlier, we made a dramatic product announcement in PegaWorld last year with Pega Infinity, which we see as the industry’s most complete digital transformation suite.

And I’ve been delighted with the ongoing positive response we’re getting for it. Not just from clients and prospects, but also from the industry by way of continued leadership ratings from top-tier analyst firms like Gartner, Forrester, Chartis and ovum. Earlier this month, we were recognized as the clear leader in Gartner’s Intelligent Business Process Management Magic Quadrant for the 12th time, an accomplishment we’re very proud of but never take for granted. It’s an absolutely gorgeous picture that you should check out on our web site.

And you can expect to see more of a rhythm of continuous improvement in our product with enhancements moving forward as we continue to build on the differentiators I described earlier to improve client engagement and also to drive operational efficiency. Now that said, we’ve got some exciting announcements planned for PegaWorld this year, and we already have about 100 important speakers signed up, presenting from organizations like British Airways, Ford, Google, HSBC, Rolls Royce, Scotia, Sirius Radio, Unum and UnitedHealthcare. We’ll be in Las Vegas once again on June 3 and 4, and I hope to see you there. Of course this momentum is being driven by our growing number of talented staff.

And throughout 2018, I highlighted some of the terrific very senior hires we made. They’ve been building out the functions and developing highly productive and innovative teams in our organization. And recently, we announced the addition of Ron Hovsepian to our board, who brings more than 30 years of deep B2B leadership experience to Pega, including as president and CEO of Novell where he led the company through the critical shift to Linux, with extensive follow-up work at leading SaaS companies. Pega is now more than 4,600 global staff strong, and we expect to actively hire through 2019 to further support our growth goals and take advantage of this tremendous set of opportunities.

This complements the great progress we have made in expanding our ecosystem, which is critical also to our strategy. It’s exciting to see the company continue to grow and scale and see the terrific work being recognized by customers, prospects and analysts. So in summary, I’m very happy with our 2018 performance and particularly pleased to see good continued acceleration in license and cloud ACV. We will continue to invest prudently and appropriately in marketing and sales to ensure we can reach ambitious goals.

And I continue to be positive about how our software is being adopted and the massive level of our long-term growth opportunities. To provide more color on the financial results, let me turn this over to our CFO Ken Stillwell.

Ken Stillwell — Chief Financial Officer, Chief Administrative Officer, and Senior Vice President

Great stuff, Alan, thanks. Before going into some of the details, I’d like to reinforce a few things. We’re in the midst of a pretty significant shift of our client contractual commitments from perpetual to cloud, with is just a terrific outcome of our strategy. This shift to cloud creates a negative short-term impact on reported revenue and margins.

As Alan mentioned, in 2018, Pega Cloud commitments represented half of all new business. If we maintain our new business commitments of Pega Cloud at approximately 50%, 2018 and 2019 represent the year’s most impacted by the cloud shift. During this transition, and even after the transition, annual contract value, ACV; and remaining performance obligation, RPO or backlog, are two key metrics we use to measure the growth of our business. Annual contract value is the most important measure because it reflects the growth in recurring cash flow commitments from our clients.

Remaining performance obligation, which many people refer to as backlog, represents the total client commitments that have not been taken to revenue. When assessing the performance of the business, we believe the combination of ACV, RPO backlog and revenue can provide valuable information to help interpret the results. For example, if revenue grew but ACV and RPO backlog declined, that would likely not be judged as favorably as if revenue was flat but ACV and RPO backlog grew significantly. The key is to see our business growing and producing predictable future cash flows, which is why we are laser focused on ACV.

Now let me remind everyone of several key goals we set out to achieve in 2018 and beyond. First we set a goal to accelerate growth. This is because our market opportunity is huge and we’ve been strengthening our position in the CRM market, which Gartner said was, “The largest enterprise software segment in 2017,” and which is projected to be the fastest growing segment for years to come. Demand for digital process automation, otherwise known as BPM and robotics, has accelerated over the past couple of years as clients seek digital transformation to innovate around both their client-facing applications and their operational systems.

Pega’s products continue to be recognized by clients and by industry analysts as some of the best in the market. We also believe the shift to recurring cloud deals can assist with accelerating growth and new client commitments because it encourages smaller, faster deals, and also shorter sales cycles so clients can buy and expand over time. And we saw evidence of this in 2018. Second, we set a goal of moving our business to an increasingly recurring model.

We believe this move not only drives value for shareholders but also provides velocity and adding and achieving value for our clients and provides a flexible and more predictable investment model for them. Third, we set a goal to offer Cloud Choice to our clients. We believe our Cloud Choice promise to our clients can make our cloud solutions more attractive and drive higher adoption of Pega Cloud. And fourth, we set a goal to build a business that could sustain both improvement and profitability as we scale and achieve better visibility to future recurring cash flow.

We set out to accomplish these goals while continuing to run the business under our rule of 40 longer-term targets of balancing growth and margin and continuing to invest in sales and marketing to capture the market opportunity. With these goals in mind, let’s dive into our key results. Let’s dive into our key results. What an exciting 2018.

The fourth quarter capped a very solid year on many fronts. Q4 2018 showed double-digit growth in new client commitments over Q4 2017, which, as many of you might recall, was a tremendous quarter. The strong Q4 execution helped drive year-over-year growth in new client commitments to over 35% for the full year of 2018. And ACV growth accelerated as well.

License and cloud subscription ACV grew 40% year over year, and total ACV accelerated to 23% year over year. At the same time, we’ve exceeded our expectations for accelerating to a more recurring model, with approximately 90% of new client commitments being recurring in 2018. While we significantly accelerated the move to Pega Cloud, with approximately 50% of new client commitments in 2018 being Pega Cloud, versus the 30% we originally expected for 2018. Our Cloud Choice message is resonating with clients.

And even through the significant transition to cloud, as Alan mentioned earlier, our Q4 annual run rate was $1 billion for each of billings and client cash collections for the first time in Pega’s history, which is a tremendous milestone. Given these solid results, we believe we’re building a business that can grow profitably as we scale and achieve better visibility to future recurring cash flow, in line with our longer-term rule of 40 targets. So now let’s talk more about the impact of the cloud transition on our reported results. It’s worth reminding everyone that our movement to recurring cloud commitments, although desired and strategic, results in a delay of revenue recognition compared to the timing of when the commitment is recorded.

Our movement to the cloud at this pace had the largest short-term reduction on reported revenue and margins during 2018 as it will have again in 2019. We expect improved revenue growth as we cross the cloud transition midpoint in early 2020. Presuming Pega Cloud continues to be half of total new commitments, we should complete our transition some time in early 2022, although revenue will still lag billings, as is common for a SaaS business. For 2018, we expected 30% of our new commitments to be Pega Cloud, understanding that each 1% movement away from that mix would result in at least $3 million of short-term revenue headwind.

Given that we transition faster than anticipated for 2018, we estimate the impact of reduced revenue by at least $60 million to our 2018 results. But we love the positive impact of future cash flow. To help investors evaluate our performance through the ASC 606 and cloud transitions, we began disclosing ACV in early 2017, which we’ve said is critical to how we look at the business. Notably, our term in cloud ACV grew by 40% year over year, which highlights the growth in predictable future cash flows from term license subscriptions and increasingly cloud.

Including maintenance, we ended the year with $570 million of total ACV, which is up 23% from a year ago and accelerating from last quarter. Total ACV now equals 63% of our trailing 12-month revenue, which is up from less than 50% of trailing 12 months revenue just a few years back. Turning to remaining performance obligation backlog. Our $631 million of remaining performance obligations backlog from clients not taken to revenue as of December 31, 2018, includes perpetual term cloud maintenance and consulting.

This increase of 20% over just last quarter is another highlight of how strong Q4 2018 was. You’ll also note that $400 million of that $631 million of RPO, representing 63% of these commitments, are projected to convert to revenue in the next 12 months. The absolute number may fluctuate over time depending on the timing of future commitments, the growth of the business and the average duration of our contracts that are in our backlog. We’ve seen the average contract duration of our client commitments decline slightly from historical levels down to approximately three and a half years.

This is almost exactly what we expected would occur with the movement to cloud and a push for faster deal velocity. Looking at the detailed lines of revenue, our fastest growth is cloud at 62% year over year. Our slowest is perpetual license, a decline of 17% year over year. Also, consulting was flat.

These three items highlight progress against our strategy, which is to shift our business from perpetual licenses to Pega Cloud while getting clients faster value in production and to share more of our implementation work with our strategic partners. So now turning to investment areas and margin. We have consciously continued our strategic investments and go to market. And in fact, we’re investing to capture a larger share of the growth opportunity.

In 2018, our sales and marketing investments closely correlated with our growth in new client commitments, which are largely recurring commitments. We’re pleased to see our term in cloud ACV grow by almost twice our growth in sales and marketing expense. Given the multi-billion-dollar market opportunity in front of us, we believe that continued prudent investment will drive larger scale and ultimately a more profitable firm. We are focused on driving efficiency in our go-to-market operation as we drive higher growth rates.

And we believe both objectives are achievable and will drive tremendous value creation for shareholders over time. A recent example of improving efficiency, Pega Cloud gross margin increased by six percentage points in 2018 to 55%. This is consistent with our strategy to drive operating leverage in our cloud business and expand our gross margins as we scale. From a cash flow perspective, for the full-year 2018 we produced over $100 million of operating cash flow and finished the period with total cash and marketable securities of over $200 million.

As we transition to cloud, continue our strategic investments in sales and marketing and create long-term recurring cash flows from our clients, during this transition there will of course be lower upfront cash flow compared to a traditional perpetual model. Once we’re through the transition, we expect operating cash flow to align closely to our operating margins. In 2018, we returned over $100 million to shareholders through dividends, net settlements of equity and share buybacks. This was approximately twice the level of what we returned in 2017.

Turning to our fiscal-year 2019 guidance. Assuming Pega Cloud continues as approximately half of new client commitments, we expect $965 million of revenue and $0.50 of non-GAAP EPS. We believe revenue will be slightly backend loaded in 2019 as we benefit from the progress in our cloud transition. Costs should follow a similar trend as they did in 2018, as their timing is less affected by the cloud transition.

Just as it was in 2018, the impact of the cloud shift will be significant to revenue and margins in 2019. So continuing to drive significant ACV growth is a priority and is the ultimate measure investors tell us is the most important. This is such an exciting time at Pega. Before opening the call for questions, I’d like to remind you that we host an investor day, which will be held on Monday, June 3rd during our annual conference PegaWorld at the MGM Grand in Las Vegas.

If you’re interested in attending, please send an email to pegainvestorrelations@pega.com. For those who cannot join in person, we’ll hold a webcast of the event accessible on our IR website. You can also reach out to me or to ICR if you want to register for PegaWorld. And with that operator, we will open the call to questions. 

Questions and Answers:

Operator 

Thank you. [Operator instructions] We’ll go first to Rishi Jaluria with D.A. Davidson.

Rishi Jaluria — Founder and Chief Executive Officer

Hey, Alan and Ken, thanks for taking my questions. Good to see the underlying business continue to accelerate. Ken, let me start with your comment that your guidance for next year is assuming that cloud is still going to kind of be relatively flat at about 50% of new sales for 2019. Why is that number not increasing? And I understand Cloud Choice, but i would I guess expect, given the cloud transition you’re going through, for that number to at least take off.

Is that kind of specific to 2019 relative to the fact that ’18 was well ahead of your expectations? And maybe how should we be thinking about that number beyond 2019?

Ken Stillwell — Chief Financial Officer, Chief Administrative Officer, and Senior Vice President

So good question, Rishi. So we’ve had four quarters now where that percentage has consistently stayed around the 50% number. And when we thought about our guidance for next year, we felt that 50% was a reasonable target given that customers do have choice and there are situations where customers want to use the Pega solutions inside their own cloud environment, for instance Google Cloud, Azure, etc. Could that percentage be larger than 50%? Of course it could.

And I think that we’ve given some framework of how to think about the impact to revenue in the past when the percentage varies off to 50%. I think we felt that it would be a little bit aggressive to pick a number much higher than 50, given that we haven’t seen that trend be higher than 50. And so that’s the reason why we built the model under that framework.

Alan Trefler — Chairman & Chief Executive Officer

And you need to remember that a Cloud Choice client may still choose to have a Pega run it for them on our cloud. That can be one of their choices. That’s what happened actually with some of our perpetual license. We don’t really get much Pega Cloud revenue when they do that.

It ends up hitting another one of the revenue lines. So there’s no question that the practical and visceral shift to cloud is happening at a very, very profound rate. I think that we don’t have a better estimate to give you than what we’ve seen in the last couple of quarters going into this year.

Rishi Jaluria — Founder and Chief Executive Officer

Got it, that’s helpful guys. And then if I look at perpetual license this quarter, where is that perpetual license coming from? I mean, it’s not all rolling off RPO. Is that mainly existing perpetual license customers that are maybe expanding usage . Or, Alan, to your point, is it people buying perpetual licenses and then deploying it in their own environment? How should we be thinking about that line?

Alan Trefler — Chairman & Chief Executive Officer

So it’s interesting. There were certain industries, telco for example, where they spend so much on capital expenditures that they’re kind of almost ignored by investors. And some of those folks who are doing purchases actually prefer to be able to show it on the capital expenditure line and they have a bias toward perpetual. On the other hand, we’re really seeing that more and more companies who you would have thought of as capital purchases, have just been caught up in this as a service trend.

So it is decreasing, but our philosophy is, as long as we’re getting fair prices from clients, we should sell things to them in ways that make it easier for them to buy. And that’s what drives that.

Rishi Jaluria — Founder and Chief Executive Officer

All right, got it. And if we look at the consulting, pretty, pretty steep decline year over year. Was that primarily the result of offloading more services to your partner ecosystem, selling more out-of-the-box applications that maybe have a lower services attach rate or something else?

Ken Stillwell — Chief Financial Officer, Chief Administrative Officer, and Senior Vice President

Yes. Yes and yes. So our strategy was to drive more value of our solutions with less implementation required. So certainly, we would want that attach as you might call it to reduce over time.

But really important to us is our ecosystem of implementation partners. Because if we don’t scale that, it really makes it challenging to try to take on the majority of the work ourselves. And so for sure, both of those two strategies you’re seeing really kind of in the results of keeping our services growth more subdued, and we view that as a successful outcome of our strategy.

Rishi Jaluria — Founder and Chief Executive Officer

All right, got it. And last one, I’ll jump off. But, Ken, as we think about our models for next year, how should we be thinking about that sales and marketing line? I mean, should sales and marketing expenses be growing at a similar rate to maybe forward ACV growth given the investment that you’re making and obviously the sales comp incentivizing ACV? Or is there a better way to think about that?

Ken Stillwell — Chief Financial Officer, Chief Administrative Officer, and Senior Vice President

I think it’s very fair to think that our sales and marketing expense investment should grow less than our license in cloud ACV growth because we want to get efficiency out of sales and distribution. But we grew that number somewhere in the mid 20s in terms of percentage range for 2018. And our model, if you kind of unpack it, is probably going to see something similar to that in 2019. But that would still show some level of operating leverage from sales and marketing given that assumption and the ACV growth.

Rishi Jaluria — Founder and Chief Executive Officer

Got it, that’s helpful. All right. Thank you so much, Alan and ken.

Ken Stillwell — Chief Financial Officer, Chief Administrative Officer, and Senior Vice President

Thanks, Rishi.

Alan Trefler — Chairman & Chief Executive Officer

Thanks.

Operator

We’ll now take a question from Peter Lowry with JMP Securities.

Peter Lowry — JMP Securities — Analyst

Oh great, Thank you. First, how much of your business is U.S. federal? And did the U.S. government shutdown have any impact on your business?

Alan Trefler — Chairman & Chief Executive Officer

So it obviously is discouraging when governments shuts down. But I would say that we won’t see any material impact from our business as a result of the shutdown.

Ken Stillwell — Chief Financial Officer, Chief Administrative Officer, and Senior Vice President

Peter, the one thing that may be worthwhile is we actually disclose any customer that’s greater than 10% in our financials for the year. And you’ll notice that we didn’t have one this year. And we would view the federal government as one customer, so that gives you an idea that even all federal government clients don’t add up to 10% of our business. So if that’s helpful, just to give you like a sensitivity.

Peter Lowry — JMP Securities — Analyst

OK, great. Thanks. And then it sounds pretty good, but can you elaborate on how you feel about your current sales force productivity and where you’re focused on with your sales and marketing investments?

Alan Trefler — Chairman & Chief Executive Officer

Yes, I think we’ve done a very good job, particularly over the last six months, at establishing really good patterns to help us manage the existing sales force and set a standard for being able to onboard additional people. So that’s really the key, is to try to have what we call good effectiveness and good productivity as we onboard large groups. What I’m excited about is that the overall productivity levels of the company actually increased in 2018 despite what we would consider to be quite material increases in the selling force. So I’m actually very, you won’t find I’m satisfied by much, and I’m certainly not yet satisfied with selling productivity.

But in terms of the progress, very impressive.

Peter Lowry — JMP Securities — Analyst

Great. Thank you.

Ken Stillwell — Chief Financial Officer, Chief Administrative Officer, and Senior Vice President

Thanks, Pete.

Operator

We’ll now take a question from Steve Koenig with Wedbush Securities.[Unknown speaker]Hey guys, this is Amon [Inaudible] on for Steve. Thanks for taking my question and congrats on the quarter. First off, what would you say Pega’s view on the demand environment of today compared to say maybe six to nine months ago?

Alan Trefler — Chairman & Chief Executive Officer

I would say that it’s unchanged. I think the demand environment was strong six or nine months ago. And the demand environment today is also, I would say, extremely strong. There are a couple of geographies that are a little shakier.

I think the whole Brexit and France confusion makes some of those countries a little more different and difficult to project. But we now have a substantial enough footprint that I think we’re just benefiting with the fact everybody really is worried about how they improve their operational productivity, whether it’s the large banks that are announcing — Corbat from Citi announced how they are expecting to literally reduce thousands to tens of thousands of staff in the coming decade to improve their efficiencies and make them more competitive digitally. We’re a perfect technology to be able to bring customers more closely engaged with their institution and help them gain efficiency by eliminating lots of sort of extraneous, extraneous work. So I see a lot of demand driven by efficiency gains, and a lot of demand driven by companies just wanting to try to secure a better relationship with their customers.

So I view both of those as important levers. And relative to what happened in the various economies, we’ve always been pretty good at responding to macroeconomic shifts, if you look at our history. And being able to have both the revenue potential of the customer engagement and the savings potential of the operational efficiency makes us feel comfortable continuing to do the investment and believing we’ll get that return.

Ken Stillwell — Chief Financial Officer, Chief Administrative Officer, and Senior Vice President

One additional point to kind of add some color to that. 2018 was an incredibly strong year for us, and that was not on the backs of a small number of deals from just one vertical. So I think just thinking about cross vertical, you see a lot of strength in a lot of places, which, for us, we’ve kind of capitalized on. So I think that’s an important thing, to see the strength be more distributed across different industries and just focused on one or two.

So that’s been kind of a positive observation we’ve seen in ’18 and into ’19.[Unknown speaker]Great, thanks, that’s really helpful color. And then one follow up. It seems like your investments and focus on shortening your sales cycles is working and you’re seeing your contract durations come down a little bit. I guess looking to next year, how do you expect your duration to trend? And what kind of impact would you say that would have on ACV growth?

So we would expect the contract durations to slightly come down, continue to come down. We don’t think we’re going to be moving to one-year contracts. I mean, sometimes we will do a one-year contract when it strategically makes sense for a new customer for instance, but it will come down, we believe, from three and a half years. And probably come down somewhere closer to the three to three and a quarter.

So not a massive shift down. We believe that’s critical for our flexibility so that we can actually not have additional objections when customers want to buy Pega. Cloud Choice is certainly a great differentiator. So is our ability to be flexible in the contracting structure.

And we view that as a differentiator as well. So we do think it will come down slightly, and we think that that is a tool that we use to help keep our growth accelerating.

Alan Trefler — Chairman & Chief Executive Officer

So it’s interesting, one of the things that I’m proud of as a company because when you make enormous shifts like this, it can be a problem. And obviously, it wasn’t in 2018. We moved from a company that was 100% PCV total contract value, where there was an enormous incentive to sign five-year deals, to a company that was 100% ACV with a little bit of sweetener for line. And I think we did that without missing a beat.

We’re there as a firm. I don’t imagine that in the foreseeable future you’d ever see the duration go under three, on average. That’s just not the discussion and the buying mentality. Sometimes when you’re dealing with a client who’s not really sure if he needs to be able to do a one, but boy, that’s really the exception.[Unknown speaker]Great, thanks so much.

Thanks, Alan. Thanks, Ken.

Ken Stillwell — Chief Financial Officer, Chief Administrative Officer, and Senior Vice President

Thanks Amon.

Operator

[Operator instructions] We’ll take our next question from Mark Schappel with Benchmark.

Mark Schappel — The Benchmark Company LLC — Analyst

Hey guys. Let me just start off by saying nice job on the quarter. A couple of questions. Alan, with respect to your two principle product lines, BPM and CRM, did any particular one of those drive the revenue upside in the quarter? Or did any particular one of those drive the business in the quarter?

Alan Trefler — Chairman & Chief Executive Officer

You know, it’s pretty balanced. The reality is that the front office has become an increasingly important place for us. That’s sometimes in the guise of marketing where one of the world’s largest banks, for instance, chose us on Pega Cloud to drive every contact and customer engagement across the channel. It’s just an amazing Pega Cloud win again [Inaudible] competitors you’d expect.

And that sort of thing is happening, very exciting. But also, people want efficiency. And being able to tie that customer engagement all the way through to being able to operationalize it, that middle out story we told at PegaWorld? It’s resonating. And I’d say it’s quite balanced, which gives us a lot of comfort as we go forward.

Ken Stillwell — Chief Financial Officer, Chief Administrative Officer, and Senior Vice President

I would add one small piece of color to that, Mark, which is earlier in the year I was at an investor conference. Earlier in 2018, I was at an investor conference and an investor came up to me and said, hey, the most common thing we’re hearing is digital transformation. That was in like January of 2018. And I remember hearing that and thinking, oh, that’s interesting.

And so I think what you’ve seen in 2018 is digital transformation, or the operational efficiency has really kept pace with the front office or the CRM part of the business, which over the last few years has not been the case. CRM has been actually growing faster. So I do think that’s really great for us given that we do so well on both sides of that.

Mark Schappel — The Benchmark Company LLC — Analyst

Great. Thanks. And then with respect to the BPM business, I know that it’s accelerated this year beyond the normal say 6% to 8% growth rate. I was wondering if that acceleration carried into the December quarter?

Ken Stillwell — Chief Financial Officer, Chief Administrative Officer, and Senior Vice President

It did. Yes.

Mark Schappel — The Benchmark Company LLC — Analyst

Good. And then I guess just as a follow up to the prior questions on the sales force. Besides just adding headcount, what are some of the other initiatives that you’re planning to focus on the coming year with respect to the sales force?

Alan Trefler — Chairman & Chief Executive Officer

We’ve been looking to get our enablement and what we call validation up to another level of sophistication. So we’ve implemented formal video recording, independent grading of salespeople being able to really show that they’ve mastered the key messages. We’ve tied this into what we call integrated selling programs where we really try to get the materials and the content on the web site and the messages that people would use in engaging in clients to be very well integrated and part of the sort of more validated effort. And we really, I think, done an improved job of concentrating our forces and making better choices about where the sales teams should spend their time.

That came out of a lot of work early in the year, really beefing up the operations area and analysis functions, which I’m very excited will continue to help us as we grow the sales force. Normally you expect the performance of — as you increase the sales force, you’d typically expect average performance to decline. I mean, that’s just normal and sensible because ostensibly there are newer people and you’ve got them assigned to obviously not the absolute optimal clients because your first people would be assigned there. But I think we, with these tools, have the ability to maintain and even improve productivity as we grow.

So that’s something we feel good about.

Mark Schappel — The Benchmark Company LLC — Analyst

OK, great. And then finally is it fair to assume that the company is still committed to the 2022 targets of 15% to 17% revenue growth and operating margins of 23% to 25%?

Ken Stillwell — Chief Financial Officer, Chief Administrative Officer, and Senior Vice President

Let me refrain that 2022 target. We are committed to rule of 40. We actually believe there’s more value if we can get there on a 25% revenue growth and 15% operating margin. But certainly, 17% revenue growth and 23% wouldn’t be a terrible outcome either.

But we are striving to accelerate our growth. So think about the commitment being the rule of 40 and the balance of the two, which is kind of the way I framed it. And I think yes, the answer is yes to that.

Mark Schappel — The Benchmark Company LLC — Analyst

Great, thank you. That’s all.

Ken Stillwell — Chief Financial Officer, Chief Administrative Officer, and Senior Vice President

Thanks, Mark.

Operator

We’ll now take a question from Stephen Bersey with MUFG.

Stephen Bersey — MUFG Securities Americas Inc. — Analyst

Hey guys. Just wondering how we should think about your implementation times for cloud versus a traditional rollout. And specifically, is there any differences really on the planning side?

Alan Trefler — Chairman & Chief Executive Officer

Yes, the cloud rollouts are faster. The simple reality is not having to depend on the client to provision. For a large client, that can take 60 days, sometimes even a little more out of the schedule. So in terms of really trying to get value to customers in 90 days, which has been something we’ve been really talking about in promoting, the cloud has facilitated that.

And we have dozens of instances during the year where customers achieve that with what I would describe as meaningful application. Now we’re not talking about little VS apps with some of the stuff that’s out there focuses on. We’re talking about things that are are generally going to be intrinsic to the business.

Stephen Bersey — MUFG Securities Americas Inc. — Analyst

Got it. And any standout verticals or modules that were either introduced or you think have more to go that you’d like to highlight?

Alan Trefler — Chairman & Chief Executive Officer

Well, I think on one of our journey to time CRM, which is — whether that’s in terms of doing some of the next best actions or being able to do fulfillment of something that people want to be able to do across a couple of channels and do that, what we call micro journey, a journey at a time where you don’t have to go rip out a whole channel, you really insinuate this into a channel. I was recently visiting one of our great clients in Europe, Rabobank, and they were using our technology for both what they call real-time relevance, which is how they described decisioning. And [Inaudible] case management. And they were in a position where they were simultaneously rolling out new client capabilities in a true omni channel way as opposed to the old fashioned way people have historically done things, where you end up having to get the people in the channel to build the stuff out of channels all the time.

So it’s really exciting I would say to see a lot of the customer engagement CRM-type capabilities getting taken up in that way.

Stephen Bersey — MUFG Securities Americas Inc. — Analyst

Thanks. And maybe on the second half kind of business momentum, skewed toward the second half. I know you’re not guiding for the year after, but does that roll into Q1 that strength and Q2? Or do you think there’s a similar mix kind of next year?

Ken Stillwell — Chief Financial Officer, Chief Administrative Officer, and Senior Vice President

That’s a great question, Steve. So what you should see is if you think about where we are in the cloud transition, the first year is where you take a big hit. You take a big hit the second year largely because the first part of the second year, you still kind of are in a heavy transition. As you get toward the backend of ’19, you start to come out of that.

And that’s doesn’t then go away in the first half of ’20, meaning you don’t start to come out of the transition positively then revert back. It’s kind of a continual coming out. So ’20 as a year should actually be much more subdued in terms of the cloud transition effect. ’21 would even be less than ’20.

And when you get to ’22, there really is no impact anymore. So I don’t think there’s a significant shift in linearity or the seasonality of when revenue hits in the quarters. I think what you’re seeing in ’19 is more backend loaded because we’re still earlier in the cloud transition here.

Stephen Bersey — MUFG Securities Americas Inc. — Analyst

Hey, that’s great. Thanks for taking my questions.

Ken Stillwell — Chief Financial Officer, Chief Administrative Officer, and Senior Vice President

Thanks, Steve.

Operator

And it appears there are no further questions at this time. I’d like to turn the conference back to Alan Trefler for any additional or closing remarks.

Alan Trefler — Chairman & Chief Executive Officer

Thank you very much. We’re excited about where we are. We love the potential of this market and what we can do with it. And we’re working hard.

And I know Ken would love to see all the investors at PegaWorld on June 3rd. Thank you very much everyone.

Operator

[Operator signoff]

Duration: 46 minutes

Call Participants:

Ken Stillwell — Chief Financial Officer, Chief Administrative Officer, and Senior Vice President

Alan Trefler — Chairman & Chief Executive Officer

Rishi Jaluria — Founder and Chief Executive Officer

Peter Lowry — JMP Securities — Analyst

Mark Schappel — The Benchmark Company LLC — Analyst

Stephen Bersey — MUFG Securities Americas Inc. — Analyst

More PEGA analysis

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Best Energy Stocks To Buy Right Now

The best dividend growth stocks tend to hike their payouts like clockwork every single year. However, some companies take that a step further by giving their investors a raise each quarter. Two that have a spectacular track record of delivering quarterly increases are Holly Energy Partners (NYSE:HEP) and Enterprise Products Partners (NYSE:EPD), with both having boosted their payouts for more than 50 straight quarters.

While that past success bodes well for the future, one of the two appears the more likely to keep its streak going over the long term.

Image source: Getty Images.

At least a few more increases left

This past April, Holly Energy Partners announced its 54th consecutive distribution increase. With that raise, the master limited partnership has now given its investors an income boost every single quarter since its initial public offering in July 2004.

Best Energy Stocks To Buy Right Now: Baytex Energy Corp(BTE)

Advisors’ Opinion:

  • [By Ethan Ryder]

    Baytex Energy (TSE:BTE) (NYSE:BTE) was upgraded by analysts at CIBC from a neutral rating to an outperform rating.

    Cheniere Energy Partners (NYSEAMERICAN:CQP) was downgraded by analysts at US Capital Advisors to a hold rating. US Capital Advisors currently has $40.00 target price on the stock, up from their previous target price of $35.00.

  • [By Max Byerly]

    Baytex Energy (NYSE: BTE) and Pioneer Energy Services (NYSE:PES) are both small-cap oils/energy companies, but which is the better stock? We will compare the two businesses based on the strength of their institutional ownership, analyst recommendations, profitability, earnings, valuation, risk and dividends.

  • [By Logan Wallace]

    Baytex Energy (NYSE:BTE) (TSE:BTE) last announced its quarterly earnings data on Thursday, May 3rd. The oil and gas producer reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.08). Baytex Energy had a negative return on equity of 4.74% and a net margin of 4.57%. The firm had revenue of $226.37 million during the quarter. sell-side analysts expect that Baytex Energy Corp will post -0.28 earnings per share for the current year.

  • [By Dan Caplinger]

    Wall Street continued its downward streak on Monday, with the Dow Jones Industrial Average falling more than 100 points. Most major benchmarks fell more modestly, with a few actually poking into positive territory on the day. Trade-sensitive stocks were among the weakest as investors focused on uncertainty related to tariff disputes between the U.S. and China. But for some other companies, bad news of a different sort was responsible for the drops in their shares. Biogen (NASDAQ:BIIB), Baytex Energy (NYSE:BTE), and Catalyst Biosciences (NASDAQ:CBIO) were among the worst performers on the day. Here’s why they did so poorly.

  • [By Shane Hupp]

    Baytex Energy (NYSE: BTE) and Diamond Offshore Drilling (NYSE:DO) are both oils/energy companies, but which is the superior business? We will compare the two businesses based on the strength of their profitability, dividends, institutional ownership, analyst recommendations, valuation, earnings and risk.

  • [By Logan Wallace]

    Shares of Baytex Energy Corp (NYSE:BTE) (TSE:BTE) have been assigned a consensus rating of “Buy” from the twelve ratings firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $4.00.

Best Energy Stocks To Buy Right Now: Seadrill Limited(SDRL)

Advisors’ Opinion:

  • [By Jason Hall]

    On June 27, shares of Seadrill Ltd (NYSE:SDRL), Diamond Offshore Drilling Inc (NYSE:DO), and Ensco PLC (NYSE:ESV) traded up more than 10% at various points. And while they’ve cooled off a bit — up 9.9%, 10.3%, and 8.9%, respectively, at recent prices — they continue to march toward today’s close with big gains. And while not quite as much as the three aforementioned companies, shares of Transocean LTD (NYSE:RIG) and Noble Corporation PLC (NYSE:NE) are showing big days as well, up 6.4% and 7.2% in late-afternoon trading. 

  • [By Asit Sharma]

    Last year, net income dropped from $146.4 million to $101.2 million, creating the sharp trend line seen above. The 2017 earnings dip can be traced to numerous factors, including higher interest expense, a reduction in tanker income, fewer ships in the fleet on charter to former parent Frontline Shipping (NYSE:FRO), and the bankruptcy filing of Seadrill Ltd. (NYSE:SDRL). Seadrill’s reorganization has impacted Ship Finance’s offshore revenue, as it has three out of four offshore drilling rigs on charter to affiliates of Seadrill.

  • [By Matthew DiLallo]

    Shares of Seadrill (NYSE:SDRL) rocketed in May, ending the month up 78%. Fueling the offshore driller’s rebound were fading investor fears after the company received approval for its plan to exit bankruptcy in April.

  • [By Jason Hall and Tyler Crowe]

    In this week’s episode of Industry Focus: Energy, host Nick Sciple, together with Jason Hall and Tyler Crowe, explain how offshore companies work, where the industry is today, and what investors should watch with these companies. Tune in to learn what sets Transocean (NYSE:RIG), Diamond Offshore (NYSE:DO), Seadrill (NYSE:SDRL), and Ensco (NYSE:ESV) apart from each other, what kind of risk/reward profile each company has to offer, some critical points and trends investors need to know before diving into offshore, and much more.

  • [By Lisa Levin]

    On Wednesday, the energy shares climbed 1.48 percent. Meanwhile, top gainers in the sector included SeaDrill Limited (NYSE: SDRL), up 15 percent, and EP Energy Corporation (NYSE: EPE), up 15 percent.

Best Energy Stocks To Buy Right Now: PetroChina Company Limited(PTR)

Advisors’ Opinion:

  • [By Lisa Levin] Gainers
    Shineco, Inc. (NASDAQ: TYHT) rose 34.7 percent to $2.29 in pre-market trading following Q3 results. Shineco posted Q3 earnings of $0.21 per share on sales of $13.3 million.
    Carver Bancorp, Inc. (NASDAQ: CARV) rose 15.8 percent to $12.74 in pre-market trading after surging 201.37 percent on Thursday.
    LiveXLive Media, Inc. (NASDAQ: LIVX) shares rose 11.5 percent to $7.75 in pre-market trading after climbing 64.50 percent on Thursday.
    Eiger BioPharmaceuticals, Inc. (NASDAQ: EIGR) rose 9 percent to $18.30 in pre-market trading after climbing 41.77 percent on Thursday.
    AmTrust Financial Services Inc (NASDAQ: AFSI) rose 6.2 percent to $14.25 in pre-market trading after a 13D filing from Carl Icahn shows a new 9.38 percent stake in the company. The filing also shows language from Icahn that strongly opposes a go-private transaction.
    Cerner Corporation (NASDAQ: CERN) rose 5.6 percent to $64.02 in pre-market trading after the Department of Veterans Affairs reported an agreement with Cerner Government Services, Inc. to provide seamless care for veterans.
    PetroChina Company Limited (NYSE: PTR) shares rose 5.3 percent to $82.05 in pre-market trading.
    TC PipeLines, LP (NYSE: TCP) shares rose 5.2 percent to $26.59 in the pre-market trading session.
    IQVIA Holdings Inc. (NYSE: IQV) shares rose 4.8 percent to $102.50 in pre-market trading as the company pulled secondary offering 'in light of recent market conditions'.
    Axon Enterprise, Inc. (NASDAQ: AAXN) rose 4.5 percent to $59.70 in pre-market trading. On Thursday, Axon priced its 4.3 million share offering of common stock at $53 per share.
    The Trade Desk, Inc. (NASDAQ: TTD) rose 4.5 percent to $84 in pre-market trading.
    PetIQ Inc (NASDAQ: PETQ) rose 3.9 percent to $18.96 in pre-market trading after a 13G filing shows a new 5.05 percent stake by the State of New Jersey's Division of Investment.
    Mattel, Inc. (NASDAQ: MAT) shares rose 3.7 percent to $15.85 in pre-market
  • [By Danny Vena]

    But you might be surprised to find that Apple is not the first company to achieve this distinction. Even more surprising: you’ve probably never heard of the company that beat them, PetroChina (NYSE:PTR). 

  • [By Todd Campbell]

    The following table highlights the 10 biggest energy companies by market capitalization. Some of these companies operate upstream, midstream, and downstream businesses, but all of them derive the majority of their revenue from upstream operations.

    Rank Company Market Cap

    1 ExxonMobil $348 billion
    2 Royal Dutch Shell (NYSE:RDS-A)(NYSE:RDS-B) $286 billion
    3 Chevron (NYSE:CVX) $223 billion
    4 Petrochina Co. Ltd. (NYSE:PTR) $218 billion
    5 Total SA (NYSE:TOT) $163 billion
    6 BP Plc (NYSE:BP) $143 billion
    7 China Petroleum (NYSE:SNP) $107 billion
    8 Equinor ASA (NYSE:EQNR) $89 billion
    9 ConocoPhillips (NYSE:COP) $84 billion
    10 Schlumberger Ltd. (NYSE:SLB) $84 billion

    Data source: Yahoo! Finance on Sept. 13, 2018.

  • [By Ethan Ryder]

    These are some of the news stories that may have effected Accern Sentiment’s analysis:

    Get PetroChina alerts:

    PetroChina Company Limited (PTR) Receives Consensus Rating of “Buy” from Analysts (americanbankingnews.com) PetroChina to spend 5.3 bln yuan on Chongqing gas storage: Xinhua (reuters.com) UPDATE: Bernstein Upgrades Petrochina (PTR) to Outperform (streetinsider.com) Kunlun Energy Company Limited — Moody’s changes Kunlun Energy’s outlook to stable from negative (finance.yahoo.com) PetroChina (PTR) Upgraded at Sanford C. Bernstein (americanbankingnews.com)

    Shares of PetroChina traded down $0.85, reaching $82.35, during midday trading on Friday, Marketbeat Ratings reports. The company had a trading volume of 165,409 shares, compared to its average volume of 150,236. The company has a market capitalization of $152.09 billion, a P/E ratio of 46.26 and a beta of 1.43. PetroChina has a 52-week low of $60.69 and a 52-week high of $84.10. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.55 and a current ratio of 0.82.

Best Energy Stocks To Buy Right Now: Ion Geophysical Corporation(IO)

Advisors’ Opinion:

  • [By Ethan Ryder]

    Ion Geophysical Corp (NYSE:IO) was the recipient of unusually large options trading on Thursday. Traders bought 1,224 call options on the company. This represents an increase of approximately 1,230% compared to the typical volume of 92 call options.

  • [By Jim Robertson]

    Small cap ION Geophysical Corporation (NYSE: IO) jumped 24.92% yesterday after earnings and appears to have finally undergone a reversal near the end of December as the Company seeks new markets beyond oil and gas plus achieve clarity on an ongoing lawsuit.

  • [By Lisa Levin] Gainers
    Axovant Sciences Ltd. (NASDAQ: AXON) shares rose 23.7 percent to $1.49. Axovant announced strengthening of management team and completion of organization restructuring which "enhanced capabilities in research and business development" and reduced internal headcount by 43 percent.
    Mammoth Energy Services, Inc. (NASDAQ: TUSK) shares jumped 19.8 percent to $37.3148. Mammoth Energy’s subsidiary Cobra signed a new $900 million contract to finish the restoration of critical electrical services and support the initial phase of reconstruction of the electrical utility system in Puerto Rico.
    Acorn International, Inc. (NYSE: ATV) shares gained 19 percent to $34.0201. Acorn shares rose Friday after the company declared a special one-time cash dividend of $14.97 per ADS.
    DHI Group, Inc. (NYSE: DHX) shares surged 19 percent to $2.20.
    My Size, Inc. (NASDAQ: MYSZ) climbed 16.8 percent to $1.18 after the company received a Notice of Allowance from the USPTO for measurement technology patent.
    Global Eagle Entertainment Inc. (NASDAQ: ENT) gained 16.6 percent to $2.32.
    Leju Holdings Limited (NYSE: LEJU) gained 16.5 percent to $1.34 following Q1 beat.
    Evolus, Inc. (NASDAQ: EOLS) shares surged 16.5 percent to $26.1499. Evolus named Lauren Silvernail as Chief Financial Officer and Executive Vice President, Corporate Development.
    Jupai Holdings Limited (NYSE: JP) shares gained 15 percent to $26.29 after reporting Q1 results.
    Momo Inc. (NASDAQ: MOMO) shares gained 15 percent to $44.7702 after the company reported better-than-expected results for its first quarter and issued strong sales forecast for the second quarter.
    Windstream Holdings, Inc. (NASDAQ: WIN) rose 15 percent to $7.075.
    China Advanced Construction Materials Group, Inc. (NASDAQ: CADC) gained 14.4 percent to $2.746.
    American Woodmark Corporation (NASDAQ: AMWD) climbed 14.2 percent to $101.10 after the company reported upbeat Q4 results.
    Savara Inc. (NAS
  • [By Logan Wallace]

    Get a free copy of the Zacks research report on Ion Geophysical (IO)

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

  • [By Shane Hupp]

    Shares of Ion Geophysical Corp (NYSE:IO) have earned an average recommendation of “Hold” from the six analysts that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $35.00.

  • [By Max Byerly]

    ION Geophysical (NYSE: IO) and Glencore (OTCMKTS:GLNCY) are both oils/energy companies, but which is the superior business? We will contrast the two businesses based on the strength of their risk, valuation, dividends, profitability, institutional ownership, earnings and analyst recommendations.

LPL Financial LLC Sells 145,316 Shares of SPDR Bloomberg Barclays Convertible Securities ETF (CWB)

LPL Financial LLC lowered its holdings in SPDR Bloomberg Barclays Convertible Securities ETF (NYSEARCA:CWB) by 17.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 672,892 shares of the exchange traded fund’s stock after selling 145,316 shares during the period. LPL Financial LLC owned about 0.86% of SPDR Bloomberg Barclays Convertible Securities ETF worth $31,485,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CWB. Jane Street Group LLC grew its stake in shares of SPDR Bloomberg Barclays Convertible Securities ETF by 10,667.9% in the 3rd quarter. Jane Street Group LLC now owns 1,471,654 shares of the exchange traded fund’s stock worth $79,381,000 after purchasing an additional 1,457,987 shares during the last quarter. Schroder Investment Management Group acquired a new position in shares of SPDR Bloomberg Barclays Convertible Securities ETF in the 3rd quarter worth approximately $68,688,000. Nan Shan Life Insurance Co. Ltd. acquired a new position in shares of SPDR Bloomberg Barclays Convertible Securities ETF in the 3rd quarter worth approximately $49,371,000. Wells Fargo & Company MN grew its stake in shares of SPDR Bloomberg Barclays Convertible Securities ETF by 7.0% in the 3rd quarter. Wells Fargo & Company MN now owns 3,435,548 shares of the exchange traded fund’s stock worth $185,314,000 after purchasing an additional 224,097 shares during the last quarter. Finally, AGF Investments Inc. acquired a new position in shares of SPDR Bloomberg Barclays Convertible Securities ETF in the 3rd quarter worth approximately $9,871,000.

Get SPDR Bloomberg Barclays Convertible Securities ETF alerts:

CWB stock opened at $51.48 on Friday. SPDR Bloomberg Barclays Convertible Securities ETF has a 52 week low of $45.13 and a 52 week high of $54.99.

The business also recently declared a monthly dividend, which was paid on Thursday, February 7th. Investors of record on Monday, February 4th were issued a dividend of $0.0714 per share. This represents a $0.86 annualized dividend and a dividend yield of 1.66%. The ex-dividend date was Friday, February 1st.

Separately, Barclays reissued a “sell” rating and issued a $35.00 target price on shares of SPDR Bloomberg Barclays Convertible Securities ETF in a research report on Friday, November 16th.

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About SPDR Bloomberg Barclays Convertible Securities ETF

SPDR Barclays Convertible Securities ETF, formerly SPDR Barclays Capital Convertible Securities ETF, seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of an index that tracks United States convertible securities. In seeking to track the performance of the Barclays Capital U.S.

Read More: Conference Calls

Want to see what other hedge funds are holding CWB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Bloomberg Barclays Convertible Securities ETF (NYSEARCA:CWB).

Institutional Ownership by Quarter for SPDR Bloomberg Barclays Convertible Securities ETF (NYSEARCA:CWB)

The Unfortunate Reason Why Younger Americans Aren’t Buying Homes

Homeownership has long been the American Dream, but for millennials, it’s growing increasingly less attainable. And the reason largely boils down to excessive levels of student debt, or so says a new report by Guardian.

An estimated 75% of millennial college graduates are carrying student debt either for themselves or for a spouse or partner. As such, many have had no choice but to delay homeownership until they’re in a more secure place financially. (In fact, students who graduate with educational debt are less likely to own a home by age 33 than those who don’t take out college loans.)

Young couple with moving boxes.

IMAGE SOURCE: GETTY IMAGES.

Not shockingly, homeownership among Americans in their 20s and 30s is at close to a 30-year low. Only 35% of households headed by someone under 35 owned a home in 2017, but that’s down from the 41% of households aged 35 and under who owned back in 1982.

If your student debt is preventing you from buying a home, there are steps you can take to shake it sooner while finding ways to boost your savings in light of those loan payments. Here are a few to start with.

1. Move back home

Moving back in with your parents after college is no longer the shameful endeavor it once was. With college costs skyrocketing and loan balances rapidly following suit, it makes sense to move back home as a young adult and save on many of the expenses that would otherwise monopolize your income, like rent and utilities — living costs you might pay little to no money for by living under your parents’ roof.

If you’re still not convinced, consider this: The national median cost of rent is $1,445. If you were to live at home for three years after college and pocket that amount instead, you’d have $52,000 to put toward your student loans or save for a home down payment.

2. Look into refinancing

Unless you qualify for student loan forgiveness, the principal amount you borrowed for college will need to be paid back in your lifetime. But that doesn’t mean you can’t lower the interest rate on your loans, thereby reducing your monthly payments in the process.

If you took out private loans for college, which are notorious for charging lots of interest, then it pays to explore your options for refinancing. What you’ll be doing is essentially swapping your existing loans for a new one at a more favorable rate, thereby leaving you with money left over to save for the home you’re looking to buy. Refinancing is a particularly good option if your credit is great. If it isn’t, you’re better off improving your credit and then attempting to refinance.

3. Get a second job

The problem with being a younger worker is that you might be stuck with a relatively entry-level salary. And that, combined with a pile of student loans, might make it tough to set a meaningful amount of money aside for a house.

A good solution, therefore, might come in the form of a side hustle. By taking on a second gig, you’ll have a chance to boost your income, and since the money from that work won’t be earmarked for existing living expenses, you should have no problem using all of it to pay down your educational debt, save for a down payment, or both.

Is the time right to buy a home?

In an ideal world, student debt wouldn’t hold you back from buying a home. But if you’re carrying loads of it, you’re generally better off paying a chunk of it down before taking on the financial responsibility that comes with owning property. When you buy a home, you suddenly become responsible for a world of expenses that extend well beyond your mortgage payment. There’s insurance, property taxes, maintenance, and repairs to contend with, and you’ll need to be in a strong financial position before taking those costs on.

That said, if your student loans are manageable and they only eat up a small portion of your income, you don’t necessarily need to wait to become college debt free to buy. If you have the money for a 20% down payment and a healthy emergency fund in spite of your loans, you can move forward with buying, all the while continuing to shake that debt until it’s gone.

American Homes 4 Rent (AMH) Issues FY19 Earnings Guidance

American Homes 4 Rent (NYSE:AMH) issued an update on its FY19 earnings guidance on Thursday morning. The company provided EPS guidance of $1.06-1.14 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.17. American Homes 4 Rent also updated its FY 2019 guidance to $1.06-1.14 EPS.

NYSE AMH traded up $0.11 during trading hours on Thursday, hitting $22.80. 2,068,623 shares of the company traded hands, compared to its average volume of 2,167,094. American Homes 4 Rent has a twelve month low of $18.91 and a twelve month high of $23.34. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market capitalization of $6.82 billion, a PE ratio of 22.35, a price-to-earnings-growth ratio of 1.51 and a beta of 0.70.

Get American Homes 4 Rent alerts:

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings results on Thursday, February 21st. The real estate investment trust reported $0.28 EPS for the quarter, meeting the consensus estimate of $0.28. American Homes 4 Rent had a return on equity of 1.90% and a net margin of 10.70%. The firm had revenue of $270.00 million during the quarter, compared to analysts’ expectations of $269.98 million. During the same period in the prior year, the firm posted $0.26 earnings per share. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. As a group, research analysts forecast that American Homes 4 Rent will post 1.07 EPS for the current year.

Several analysts have issued reports on the company. Zacks Investment Research upgraded American Homes 4 Rent from a sell rating to a hold rating in a research note on Wednesday, January 2nd. Morgan Stanley lowered American Homes 4 Rent from an overweight rating to an equal weight rating and dropped their price objective for the company from $22.50 to $21.00 in a research note on Thursday, November 15th. JPMorgan Chase & Co. dropped their price objective on American Homes 4 Rent from $26.00 to $25.00 and set an overweight rating on the stock in a research note on Wednesday, November 14th. Raymond James lowered American Homes 4 Rent from a strong-buy rating to an outperform rating in a research note on Monday, November 19th. Finally, ValuEngine upgraded American Homes 4 Rent from a hold rating to a buy rating in a research note on Tuesday, January 29th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $23.75.

In other news, Director Douglas N. Benham bought 3,000 shares of the stock in a transaction dated Thursday, December 20th. The shares were bought at an average price of $21.00 per share, for a total transaction of $63,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tamara Hughes Gustavson bought 379,400 shares of the stock in a transaction dated Friday, November 23rd. The shares were purchased at an average price of $19.78 per share, for a total transaction of $7,504,532.00. Following the purchase, the director now owns 17,920,478 shares of the company’s stock, valued at approximately $354,467,054.84. The disclosure for this purchase can be found here. 26.52% of the stock is owned by corporate insiders.

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American Homes 4 Rent Company Profile

American Homes 4 Rent (NYSE: AMH) is a leader in the single-family home rental industry and "American Homes 4 Rent" is fast becoming a nationally recognized brand for rental homes, known for high quality, good value and tenant satisfaction. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, renovating, leasing, and operating attractive, single-family homes as rental properties.

Featured Story: How is Preferred Stock Different from Common Stock?

Critical Analysis: Quintana Energy Services (QES) vs. Eco-Stim Energy Solutions (ESES)

Eco-Stim Energy Solutions (NASDAQ:ESES) and Quintana Energy Services (NYSE:QES) are both small-cap oils/energy companies, but which is the better business? We will contrast the two companies based on the strength of their dividends, analyst recommendations, earnings, institutional ownership, profitability, valuation and risk.

Earnings and Valuation

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This table compares Eco-Stim Energy Solutions and Quintana Energy Services’ gross revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
Eco-Stim Energy Solutions $44.02 million 0.04 -$26.94 million ($0.26) -0.10
Quintana Energy Services $438.03 million 0.37 -$21.15 million ($0.05) -96.80

Quintana Energy Services has higher revenue and earnings than Eco-Stim Energy Solutions. Quintana Energy Services is trading at a lower price-to-earnings ratio than Eco-Stim Energy Solutions, indicating that it is currently the more affordable of the two stocks.

Profitability

This table compares Eco-Stim Energy Solutions and Quintana Energy Services’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Eco-Stim Energy Solutions -104.29% -88.08% -50.65%
Quintana Energy Services -2.25% -7.57% -4.37%

Analyst Ratings

This is a breakdown of current ratings and recommmendations for Eco-Stim Energy Solutions and Quintana Energy Services, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Eco-Stim Energy Solutions 0 1 1 0 2.50
Quintana Energy Services 0 3 4 0 2.57

Eco-Stim Energy Solutions currently has a consensus price target of $1.90, suggesting a potential upside of 7,207.69%. Quintana Energy Services has a consensus price target of $10.75, suggesting a potential upside of 122.11%. Given Eco-Stim Energy Solutions’ higher probable upside, equities analysts plainly believe Eco-Stim Energy Solutions is more favorable than Quintana Energy Services.

Institutional and Insider Ownership

83.1% of Eco-Stim Energy Solutions shares are owned by institutional investors. Comparatively, 17.0% of Quintana Energy Services shares are owned by institutional investors. 4.7% of Eco-Stim Energy Solutions shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth.

Summary

Quintana Energy Services beats Eco-Stim Energy Solutions on 9 of the 13 factors compared between the two stocks.

About Eco-Stim Energy Solutions

Eco-Stim Energy Solutions, Inc. provides oilfield services in the United States and Argentina. The company offers pressure pumping, coiled tubing, and field management services to the upstream oil and gas industry. Its customers consist primarily of international oil and gas exploration and production companies, including national oil companies, local privately-held exploration and production companies, and other service companies. The company is headquartered in Houston, Texas.

About Quintana Energy Services

Quintana Energy Services Inc. provides oilfield services to onshore oil and natural gas exploration and production companies operating in conventional and unconventional plays in the United States. It operates through four segments: Directional Drilling Services, Pressure Pumping Services, Pressure Control Services, and Wireline Services. The Directional Drilling Services segment provides directional, horizontal, underbalanced, and measurement-while-drilling, as well as rental tool and pipe inspection services. The Pressure Pumping Services segment provides hydraulic fracturing stimulation services; cementing services, such as surface- and intermediate-casing and long-string cementing services; and a range of acid stimulation services comprising CO2 foamed acid stimulation services. As of December 31, 2017, this segment had a pressure pumping fleet of 245,925 hydraulic horsepower. The Pressure Control Services segment offers coiled tubing, rig-assisted snubbing, nitrogen, fluid pumping, and well control services for drilling, completion, and workover activities. As of December 31, 2017, this segment had a fleet of 23 coiled tubing, 36 rig-assisted snubbing, and 24 nitrogen pumping units. The Wireline Services segment offers pump-down services for setting plugs between frac stages, as well as the deployment of perforation equipment in connection with plug-and-perf operations; and other pump-down and cased-hole wireline services, including electro-mechanical pipe-cutting and punching. This segment also provides cased-hole production logging, injection profiling, stimulation performance evaluation, and water break-through identification services; and industrial logging services for cavern, storage, and injection wells, as well as operates Archer's POINT proprietary detection system and SPACE imaging and measurement platform in the land market. As of December 31, 2017, it owned 49 wireline units. The company was founded in 2017 and is headquartered in Houston, Texas.

You're likely to live the longest in these states

With the exception of the last two years, when it dropped largely because of spikes in opioid deaths, life expectancy in the United States has generally been increasing.

According to the latest available data, a baby born in 2016 in the United States can be expected to live 78.6 years on average, more than seven years longer than a baby born in 1980. The increase in life expectancy at birth, as well as the likelihood of living a long life, vary considerably across the United States.

To identify the states where people are expected to live the longest, 24/7 Wall St. reviewed life expectancy at birth figures for 2010-2015 obtained from the National Association for Public Health Statistics and Information Systems (NAPHSIS) and the Robert Wood Johnson Foundation (RWJF).

Life expectancy in some states increased by just three years since 1980, and by as much as nine years in others. These variations are closely related to differences in a host of factors. For example, long-standing research has found that Americans with lower socioeconomic status tend to have lower life expectancies than more affluent Americans.

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What size home can you afford?: A look at how much house you can buy for $200,000 in each state

Mississippi (Photo11: Damian Entwistle from Nelson, Lancashire, England / Wikimedia Commons)

50. Mississippi
• Life expectancy at birth in 2015: 74.7 years
• Life expectancy at birth in 1980: 71.6 years (2nd lowest)
• 1980-2015 life expectancy change: 3.1 years (5th smallest)

Life expectancy at birth in Mississippi is the lowest of all states and has historically been low. As is generally the case in states with low life expectancy, Mississippi struggles with poverty, and residents report relatively unhealthy behaviors. At 19.8 percent, no state has a higher poverty rate. Mississippi also has the largest share of adults who do not exercise, at more than a third of the local adult population.

49. West Virginia
• Life expectancy at birth in 2015: 75.3 years
• Life expectancy at birth in 1980: 72.8 years (10th lowest)
• 1980-2015 life expectancy change: 2.5 years (2nd smallest)

Like every other state, life expectancy in West Virginia has improved in recent decades. Even though a baby born in West Virginia is expected to live longer than a newborn in 1980, the 2.5 year increase was the second smallest. The state’s life expectancy rank dropped from 10th lowest in 1980 to second lowest of all states in 2015.

Obesity and smoking may be contributing factors. Mortality among smokers in the United States is three times higher than among people who have never smoked, and West Virginia has the highest adult smoking rate, at 24.8 percent. The state’s adult obesity rate of 35.5 percent is also the highest of all states.

48. Alabama
• Life expectancy at birth in 2015: 75.4 years
• Life expectancy at birth in 1980: 72.3 years (5th lowest)
• 1980-2015 life expectancy change: 3.1 years (6th smallest)

Similar to other states with the shortest life expectancies, Alabama struggles with poverty, and residents report relatively unhealthy behaviors, such as adult obesity, physical inactivity, and smoking.

Because of access to often expensive medical care, as well as other factors, income is one of the strongest predictors of life expectancy. But so is educational attainment. A 2014 study found individuals in the lowest income quartile had more healthful behaviors and lived longer in areas with more college graduates. The share of adults with a bachelor’s degree or higher in the Cotton State is low, at 25.5 percent.

47. Louisiana
• Life expectancy at birth in 2015: 75.6 years
• Life expectancy at birth in 1980: 71.6 years (the lowest)
• 1980-2015 life expectancy change: 4.0 years (15th smallest)

Poverty and poor health are closely related. Having little money increases the chance of poor health because of poorer access to health care and to healthy food and lifestyle choices. Further, the cost of going to the doctor as well as the possible treatment that may follow can be devastating financially.

Louisiana is the state with the second largest share of the population living below the poverty line. Relatively high numbers of households in the state live on incomes considerably lower than the poverty threshold. The Creole State has the highest number of households living with less than $10,000 a year.

46. Oklahoma
• Life expectancy at birth in 2015: 75.7 years
• Life expectancy at birth in 1980: 73.6 years (23rd lowest)
• 1980-2015 life expectancy change: 2.1 years (the smallest)

Life expectancy at birth in Oklahoma has increased since 1980 by just over two years, the smallest increase among all 50 states. In 1980, Oklahoma was ranked 23rd in life expectancy. By 2015, its rank had dropped to 46th.

In addition to excessive drinking, obesity, and lack of physical activity — the Sooner State ranks high in all three — Oklahoma has the second highest share of the population without health insurance, at 14.2 percent. Research has shown that uninsured adults have worse access to care, receive poorer quality of care, and experience worse health outcomes than insured adults.

Kentucky (Photo11: Jacqueline Nix / Getty Images)

45. Kentucky
• Life expectancy at birth in 2015: 75.8 years
• Life expectancy at birth in 1980: 72.9 years (13th lowest)
• 1980-2015 life expectancy change: 2.9 years (4th smallest)

Even though only 5.4 percent of Kentucky’s population does not have health insurance, many residents engage in unhealthy behaviors — the state has the the sixth largest share of adults who are obese and the second largest share of adults who smoke.

In addition, there are just over 66 primary care doctors available for every 100,000 residents of the Bluegrass State, the ninth lowest ratio in the country. Lack of primary care has been linked to poor health. Kentucky has the highest share of Medicare enrollees who would not have had to be hospitalized had they seen a doctor, at 76 per 1,000 people.

44. Arkansas
• Life expectancy at birth in 2015: 75.8 years
• Life expectancy at birth in 1980: 72.9 years (14th lowest)
• 1980-2015 life expectancy change: 2.9 years (3rd smallest)

Life expectancy in Arkansas is longer compared to 1980 but only by 2.9 years, the third smallest increase in the United States over that time period. Lack of physical activity, which is a major cause of chronic diseases, may partially explain the relatively small improvement.

The state has the second lowest share of adult residents who exercise regularly, at just over 32 percent, and the fifth lowest share of the local population with access to places for physical activity. Adult residents report feeling unhealthy an average of five days a month, the second most in the country.

43. Tennessee
• Life expectancy at birth in 2015: 76.1 years
• Life expectancy at birth in 1980: 72.8 years (12th lowest)
• 1980-2015 life expectancy change: 3.3 years (7th smallest)

As is frequently the case in states with relatively low life expectancies, Tennessee has among the highest poverty, obesity, and smoking rates. The average number of both mentally and physically unhealthy days per month reported by state residents are also some of the highest compared with other states. .

Lack of access to high quality medical care is also a major factor in life expectancy. Tennessee is one of several states that have not expanded Medicaid to single, low-income adults between 19 and 64 years of age.

42. South Carolina
• Life expectancy at birth in 2015: 76.8 years
• Life expectancy at birth in 1980: 71.8 years (3rd lowest)
• 1980-2015 life expectancy change: 5.0 years (19th largest)

The average newborn in South Carolina is expected to live 76.8 years, versus the national average life expectancy at birth of 78.6 years.

No other state has fewer people with access to a gym or other place where they can exercise, at only 54.2 percent of the state’s adult population. Staying physically active is a key component of a healthy lifestyle. Regular exercise can help prevent obesity, which is associated with a host of adverse health outcomes. South Carolina’s obesity rate of 32.0 percent is the 10th highest of all states.

41. Indiana
• Life expectancy at birth in 2015: 77.2 years
• Life expectancy at birth in 1980: 73.6 years (24th lowest)
• 1980-2015 life expectancy change: 3.8 years (9th smallest)

While life expectancies have risen in all states over recent decades, life expectancy has declined in some states since 2014. Indiana’s life expectancy at birth in 2014 was 77.7 years; it is now 77.2 years. As is the case in many states, the decline in life expectancy is mostly due to rise in suicides and fatal drug overdoses, according to the Centers for Disease Control and Prevention.

Other unhealthy behaviors may also help explain Indiana’s relatively low life expectancy at birth. The state’s adult smoking rate, for example, at 21.1 percent, is the 10th highest of all states.

40. Georgia
• Life expectancy at birth in 2015: 77.4 years
• Life expectancy at birth in 1980: 72.0 years (4th lowest)
• 1980-2015 life expectancy change: 5.4 years (13th largest)

Georgia residents have improved their lifestyle since 1980. The result has been the 13th largest increase in the state’s average life expectancy at birth. The state moved from having the fourth lowest life expectancy to 11th lowest of all states.

What is still holding Georgia back is its high poverty rate of 14.90 percent as well as the large share of residents who do not have health insurance of 13.40 percent — the fourth highest in the country. Working people with no health coverage have 40 percent higher mortality risk than those who have private insurance, according to research published in the American Journal of Public Health.

39. Missouri
• Life expectancy at birth in 2015: 77.4 years
• Life expectancy at birth in 1980: 73.4 years (21st lowest)
• 1980-2015 life expectancy change: 4.01 years (16th smallest)

Missouri’s life expectancy at birth had improved compared to 1980, but their life expectancy rank has dropped over the same period from 21st to 11th lowest. Similar to other states where life expectancy has not improved much compared to other states, Missouri has a high share of residents with no health coverage and a high share of preventable hospitalizations.

Other contributing factors are likely the 22.15 percent adult smoking rate, the seventh highest in the country; the 25.80 percent share of adults who do not exercise, the 11th highest; and the 31.80 percent adult obesity rate, the 12th highest.

Ohio (Photo11: Sean Pavone / Getty Images)

38. Ohio
• Life expectancy at birth in 2015: 77.5 years
• Life expectancy at birth in 1980: 73.3 years (19th lowest)
• 1980-2015 life expectancy change: 4.2 years (18th smallest)

Ohio, the seventh most populous state in the country, has the sixth highest unemployment rate at 5.00 percent. The national jobless rate is 4.40 percent. People who do not have an income face many health challenges, including being more likely to develop a stress-related conditions, such as stroke, heart attack, heart disease, or arthritis. High unemployment in a single year will likely do little to affect the longevity of residents, but sustained joblessness could have an impact on life expectancy.

Georgians report feeling mentally unhealthy for 4.3 days a month, higher than the national average of of 3.8 mentally unhealthy days a month.

37. New Mexico
• Life expectancy at birth in 2015: 77.8 years
• Life expectancy at birth in 1980: 74.0 years (24th highest)
• 1980-2015 life expectancy change: 3.76 years (11th smallest)

New Mexico’s life expectancy rank compared to other states has significantly worsened since 1980, dropping 13 spots from 24th highest to 14th lowest. Lowering poverty can improve health outcomes. No state has a larger share of households living on less than $10,000 a year or using food stamps. New Mexico’s poverty rate of 19.70 percent is the second highest poverty rate in the country and compares to a national poverty rate of 13.40 percent.

Just 72.77 percent of diabetics in the Land of Enchantment test their blood sugar on regular basis, the lowest share and compares to national share of 85.00 percent. Both type 1 and type 2 diabetes have been linked to shorter life spans of about 11 and five years, respectively.

36. North Carolina
• Life expectancy at birth in 2015: 77.9 years
• Life expectancy at birth in 1980: 72.8 years (10th lowest)
• 1980-2015 life expectancy change: 5.11 years (18th largest)

North Carolina’s relatively high poverty rate, uninsured rate, and share of households with an annual income of less than $10,000 are likely contributing to the state’s relatively low life expectancy at birth.

The life expectancy of residents varies with where in the state they live, according to research by NC Child, a nonprofit. People who are born today in Watauga County, which is not far from the northern border with Virginia, have a life expectancy of 82 years, compared to people born in Swain County, which is about 140 miles south, and who are expected to live 73 years.

35. Michigan
• Life expectancy at birth in 2015: 78.0 years
• Life expectancy at birth in 1980: 73.4 years (20th lowest)
• 1980-2015 life expectancy change: 4.6 years (24th smallest)

The differences in states life expectancy at birth are closely related to differences in socioeconomic and and health-related behaviors and outcomes, such as home values, the share of college educated adults, and smoking rate. In Michigan, the typical home value of $155,700 is well below the national median of $217,600. The percentage of Michigan adults with at least a bachelor’s degree of 29.1 percent, while high compared to other states with relatively short life expectancies, is below the national percentage of 32.0 percent. Approximately one in every five adults in the state smoke, among the highest proportions of all states.

34. Nevada
• Life expectancy at birth in 2015: 78.1 years
• Life expectancy at birth in 1980: 72.7 years (7th lowest)
• 1980-2015 life expectancy change: 5.4 years (12th largest)

Nevada has one of the highest uninsured rates as well as one of the highest share of adults with no access to places for physical activity. The Sagebrush State also has among the lowest shares adult with a bachelor’s degree or higher.

Education contributes to more active communication, which, research has found to be crucial in health care. Better-educated people tend to ask more questions, have better ability to interpret medication labels, and are more likely to take medication properly.

33. Alaska
• Life expectancy at birth in 2015: 78.1 years
• Life expectancy at birth in 1980: 72.5 years (6th lowest)
• 1980-2015 life expectancy change: 5.6 years (11th largest)

The increase in life expectancy at birth in Alaska since 1980 is among the highest in the country. Life expectancy has improved significantly especially in remote areas in Alaska due to better access to quality medical care and decreasing the rate of premature deaths.

Alaska has the third highest share of residents without health insurance. It also has the seventh highest share of preventable hospitalizations at 36.05 per 1,000 people.

32. Wyoming
• Life expectancy at birth in 2015: 78.4 years
• Life expectancy at birth in 1980: 74.2 years (22nd highest)
• 1980-2015 life expectancy change: 4.2 years (19th smallest)

The least populous state in the country has the sixth highest percentage of residents who do not have health insurance coverage and the fifth highest injury mortality rate per 100,000 people, at 90.1, compared to a national average of 65.0. Wyoming is among the states with the lowest share of diabetics who check their blood pressure on a regular basis. For insulin-taking diabetics, self-monitoring blood sugar levels has been recognized as crucial for self-care because it can help keep glucose levels within an acceptable range.

31. Texas
• Life expectancy at birth in 2015: 78.5 years
• Life expectancy at birth in 1980: 73.6 years (25th lowest)
• 1980-2015 life expectancy change: 4.9 years (23rd largest)

The second most populous state in the country has the highest share of the population with no health insurance, at 17.3 percent, compared to a national share of 8.7 percent. About 4.5 million Texas residents are uninsured, some 700,000 of them children. Lack of coverage has been linked to serious health problems such as such as higher prevalence of illnesses and injuries, chronic diseases, and higher mortality.

Pennsylvania (Photo11: Jnovack7 / Getty Images)

30. Pennsylvania
• Life expectancy at birth in 2015: 78.5 years
• Life expectancy at birth in 1980: 73.2 years (16th lowest)
• 1980-2015 life expectancy change: 5.3 years (16th largest)

About a fifth of adults do not engage in physical activity, which is about the national average. Lack of exercises has been consistently linked to poor physical health, which, research has found, is also associated with poor mental health. The number of both mentally and physically unhealthy days a month adults in the state reported of 4.3 and 3.9, respectively, is higher than the national average of 3.8 and 3.7, respectively.

29. Kansas
• Life expectancy at birth in 2015: 78.5 years
• Life expectancy at birth in 1980: 75.1 years (10th highest)
• 1980-2015 life expectancy change: 3.4 years (8th smallest)

Kansas’ life expectancy at birth rank relative to other states has declined significantly since 1980, from 10th highest to 22nd lowest. What seems to be driving this change is the high obesity rate in the state. Some 32.4 percent of adults are obese, the eighth highest obesity rate of all states and higher than the national rate of 28.0 percent.

28. Delaware
• Life expectancy at birth in 2015: 78.6 years
• Life expectancy at birth in 1980: 72.8 years (11th lowest)
• 1980-2015 life expectancy change: 5.8 years (8th largest)

Delaware is one of the 10 states with the largest share of households with an annual income of less than $10,000, adults who do not exercise, and driving deaths involving alcohol. The First State has a shortage of dentists. There are 49.1 dentists per 100,000 people, the third lowest concentration in the United States. Dentists can check for unhealthy teeth and gum disease, which some research suggests can even be an indication of heart problems. The concentration of primary care doctors is also below the nationwide average. There are 72.1 primary care doctors per 100,000 state residents, compared to 75.8 per 100,000 nationwide.

27. Montana
• Life expectancy at birth in 2015: 78.9 years
• Life expectancy at birth in 1980: 74.3 years (21st highest)
• 1980-2015 life expectancy change: 4.7 years (25th smallest)

Nearly half of of driving deaths in Montana involve alcohol, the second highest share of all states and well above the national share of 29.0 percent. The state also has the fourth highest injury mortality rate, at 91.3 per 100,000 people, compared to 65.0 per 100,000 nationwide. The premature age-adjusted mortality rate in Montana of 345.4 premature deaths per 100,000 people is also significantly higher than the national rate of 336.4 deaths under age 75 premature deaths per 100,000 people.

26. Maine
• Life expectancy at birth in 2015: 79.0 years
• Life expectancy at birth in 1980: 74.5 years (19th highest)
• 1980-2015 life expectancy change: 4.5 years (22nd smallest)

Life expectancy in Maine has dropped from 79.3 years in 2014 to 79.0 years just a year later. Reducing drunk driving deaths may increase life expectancy as the state has the third highest percentage of driving deaths with alcohol involvement. In addition, a third of adult residents are obese, about the same as national obesity rate. And 20.5 percent of adults report excessive drinking, also above the 18.8 percent share nationwide.

25. South Dakota
• Life expectancy at birth in 2015: 79.1 years
• Life expectancy at birth in 1980: 74.9 years (13th highest)
• 1980-2015 life expectancy change: 4.2 years (20th smallest)

South Dakota’s life expectancy at birth rank compared to other states has significantly declined, from having the 13th highest life expectancy in 1980 to 23rd highest just 35 years later. Adults report the fewest mentally unhealthy days a month and among the fewest physically unhealthy days a month. The state also has the lowest share of adults who report being in poor health. What may be driving South Dakota’s life expectancy ranking lower, however, is the share of excessive drinking and the percentage of driving deaths involving alcohol. Some 20.2 percent of adults report excessive drinking compared to 18.0 percent nationwide, and 37.2 percent of driving deaths involve alcohol, the sixth highest share in the country.

24. Idaho
• Life expectancy at birth in 2015: 79.1 years
• Life expectancy at birth in 1980: 75.2 years (7th highest)
• 1980-2015 life expectancy change: 3.89 years (13th smallest)

Idaho is another state where the life expectancy rank has dropped significantly since 1980, from the seventh highest to 24th highest. While the share of adults smoking, drinking excessively, and those who are obese is close to national averages, the share of state residents who lack health insurance coverage is higher than the national share. More than 10.1 percent of residents are uninsured compared to 8.7 percent of Americans nationwide.

23. Illinois
• Life expectancy at birth in 2015: 79.1 years
• Life expectancy at birth in 1980: 73.3 years (18th lowest)
• 1980-2015 life expectancy change: 5.9 years (7th largest)

Illinois has improved its life expectancy standing over the last four decades due to a near 5.9 years increase in life expectancy — the seventh largest improvement in the country. The Prairie State has higher than average concentrations of primary care doctors and dentists per 100,000 residents, and a lower than the national average adult smoking rate. However, the share of adults drinking excessively is high (21.1 percent), as is the share of preventable hospitalizations (54.8 per 100,000 people) compared to the national figures of 18.0 percent and 49.0, respectively.

22. Virginia
• Life expectancy at birth in 2015: 79.2 years
• Life expectancy at birth in 1980: 73.1 years (15th lowest)
• 1980-2015 life expectancy change: 6.1 years (5th largest)

Compared to 1980, life expectancy at birth has risen in all states. The improvement in Virginia has been especially large. A typical Virginia newborn in 1980 was expected to live 73.1 years, the 15th lowest expectancy of states at that time. Today, the state’s life expectancy at birth of 79.2 years is in the higher half of states.

Virginia’s relatively long life expectancy at birth, while still lower than 21 states, is likely partly the result of high college attainment and high incomes, both factors shown to improve health and life expectancy in populations. Of adults in the state, 38.7 percent have at least a bachelor’s degree, the fifth largest percentage of all states. The typical household in the state has an annual income of $71, 535, the ninth highest income in the nation.

21. Maryland
• Life expectancy at birth in 2015: 79.2 years
• Life expectancy at birth in 1980: 72.8 years (8th lowest)
• 1980-2015 life expectancy change: 6.45 years (4th largest)

Exposure to air pollution, lack of access to healthy food, lack of access to high quality (expensive) medical care, and a host of other health risk factors are more common in poorer areas. All of these are are associated with low life expectancy, and states with low incomes tend to have higher life expectancies. Maryland has the highest median household income of any state, at $80,776.

Life expectancy in Maryland has improved notably in recent decades. A typical Maryland newborn in 1980 was expected to live 72.8 years, in the bottom 10 of states at that time.

Nebraska (Photo11: 41294655@N00 / Flickr)

20. Nebraska
• Life expectancy at birth in 2015: 79.4 years
• Life expectancy at birth in 1980: 75.4 years (6th highest)
• 1980-2015 life expectancy change: 4.1 years (17th smallest)

Nebraska’s life expectancy at birth ranking over the last four decades has dropped significantly, from sixth highest in 1980 to 20th highest in 2015. Some 21.1 percent of state adult residents report excessive drinking, the fifth highest share of all states and higher than the national share. Similarly, the state’s adult obesity rate is higher than the national share. These factors might be contributing to the state’s decline in ranking.

19. Arizona
• Life expectancy at birth in 2015: 79.5 years
• Life expectancy at birth in 1980: 74.1 years (23rd highest)
• 1980-2015 life expectancy change: 5.4 years (14th largest)

Unlike most states with higher-than-average life expectancy at birth, the poverty rate and uninsured rate in Arizona are relatively high. Nearly 15 percent of Arizonans live in poverty, and more than 10 percent do not have health insurance, each the 11th highest percentage of all states.

18. Oregon
• Life expectancy at birth in 2015: 79.5 years
• Life expectancy at birth in 1980: 74.8 years (15th highest)
• 1980-2015 life expectancy change: 4.8 years (25th largest)

Just as lack of access to medical care can adversely affect life expectancy, a strong health system can help explain a relatively high life expectancy. For every 100,000 Oregon residents, there are 95 primary care physicians, 81 dentists, and 454 mental health providers — all in the top 10 compared to all states.

17. Wisconsin
• Life expectancy at birth in 2015: 79.5 years
• Life expectancy at birth in 1980: 75.2 years (9th highest)
• 1980-2015 life expectancy change: 4.3 years (21st smallest)

At 26.1 percent, no other state has a higher share of adults who drink excessively than Wisconsin. Defined as having at least five drinks during one occasion for men and four for women, excessive drinking has been linked to higher risk of heart disease, cancer, and mental health problems, all of which can lead to premature death. The state’s adult obesity rate of 30.6 percent is higher than the national rate of 28.0 percent.

16. Iowa
• Life expectancy at birth in 2015: 79.5 years
• Life expectancy at birth in 1980: 75.7 years (5th highest)
• 1980-2015 life expectancy change: 3.8 years (12th smallest)

Iowa had one of the smallest life expectancies improvement between 1980 and 2015, and as a result, its ranking dropped, from fifth highest in 1980 to 16th highest in 2015. The Hawkeye State would likely benefit from a lower adult obesity rate as well as having adults exercise more and drink less. All three measures compare poorly relative to all states.

15. Florida
• Life expectancy at birth in 2015: 79.6 years
• Life expectancy at birth in 1980: 74.0 years (25th highest)
• 1980-2015 life expectancy change: 5.6 years (10th largest)

A person born in Florida in 2015 is expected to live 79.6 years, a full year longer than the average American newborn that year and the 15th highest life expectancy of all states. The state has also had one of the larger improvements in life expectancy, increasing by 5.6 years since 1980.

While socioeconomic factors like health insurance coverage rates and median household income frequently help explain differences in life expectancy, this is not always the case. In Florida, 12.9 percent of people are uninsured, unusually high for a state with a relatively long life expectancy at birth. Florida’s median annual household income of $52,594 is also exceptionally low for the state’s position in this ranking. The state’s low income is likely high due to the high share of retirees residing in the state.

14. Rhode Island
• Life expectancy at birth in 2015: 79.6 years
• Life expectancy at birth in 1980: 74.7 years (17th highest)
• 1980-2015 life expectancy change: 4.9 years (22nd largest)

The smallest state by area has the fourth largest concentration of primary care doctors and the sixth largest concentration of mental health providers per 100,000 people. The state’s adult smoking and obesity rates are slightly below the national rates of 28.0 percent and 18.0 percent, respectively.

13. Utah
• Life expectancy at birth in 2015: 79.6 years
• Life expectancy at birth in 1980: 75.9 years (3rd highest)
• 1980-2015 life expectancy change: 3.7 years (10th smallest)

Despite declining in ranking for life expectancy of states since 1980, Utah has remained among the states with a higher life expectancy. Utah has a relatively low adult obesity and physical inactivity rates — with a number of national parks and monuments in the state it is hard to stay inside. These factors may explain why Utah is still in the top 15. What could be contributing to its decline in ranking however, is the state’s fairly large share of uninsured people, which at 9.2 percent is the 15th highest of all states. People with no health insurance coverage have worse access to health care due to high cost and are less likely to receive care.

12. North Dakota
• Life expectancy at birth in 2015: 79.8 years
• Life expectancy at birth in 1980: 75.8 years (4th highest)
• 1980-2015 life expectancy change: 4.0 years (14th smallest)

Despite still ranking among the 15 states with the highest life expectancy, South Dakota used to rank even higher. Several factors might be contributing to the Peace Garden State’s drop in ranking. Some 31.8 percent of state adults are obese, higher than the 28.0 percent nationwide, and the state has the second highest share of adults who report excessive drinking. Further, 48.1 percent of car accident deaths in the state involve alcohol, the highest share of all states.

Vermont (Photo11: Sean Pavone / Getty Images)

11. Vermont
• Life expectancy at birth in 2015: 79.9 years
• Life expectancy at birth in 1980: 74.5 years (18th highest)
• 1980-2015 life expectancy change: 5.4 years (14th largest)

Good access to health services across a population often translates to better health outcomes because of the better odds of treating chronic health issues and of catching serious health problems early. No state has more primary care physicians per capita than Vermont, where for every 100,000 people there are 112.4 doctors serving communities. The concentration of mental health providers, at 407.2 per 100,000, is fourth highest of all states.

Vermont’s life expectancy at birth in 1980 was higher than most other states. Since then it has improved faster than most states, rising by 5.4 years.

10. New Hampshire
• Life expectancy at birth in 2015: 79.9 years
• Life expectancy at birth in 1980: 74.9 years (12th highest)
• 1980-2015 life expectancy change: 5.0 years (21st largest)

Life expectancy in New Hampshire has continued to be among the highest over the years. Two reasons may help explain the consistent relatively high expectancy: relatively high educational attainment and low poverty, both of which have been linked to better overall health and longer life expectancy. No other state has a lower poverty rate, and only one has a lower share of households with an annual income of $10,000 or less. The Granite State has the eighth highest share of adults with a bachelor’s degree or higher.

9. Washington
• Life expectancy at birth in 2015: 80.2 years
• Life expectancy at birth in 1980: 75.1 years (10th highest)
• 1980-2015 life expectancy change: 5.1 years (17th largest)

Washington state has had among the longer life expectancies of all states over the last four decades. One possible reason may be the high share of the population who engage in physical activity. Only 17.1 percent do not exercise, the third lowest percentage, compared to 23.0 percent nationwide. The Evergreen State is also among those with the highest concentration of primary care doctors, dentists, and health care providers per 100,000 residents.

8. Colorado
• Life expectancy at birth in 2015: 80.2 years
• Life expectancy at birth in 1980: 75.2 years (8th highest)
• 1980-2015 life expectancy change: 5.0 years (19th largest)

Colorado’s average life expectancy at birth has remained eighth highest since 1980. The Centennial State has the lowest adult obesity rate in the country. In terms of overall health measures, Colorado has among the lowest shares of obesity, cancer deaths, and children living in poverty.

7. New Jersey
• Life expectancy at birth in 2015: 80.2 years
• Life expectancy at birth in 1980: 73.5 years (22nd lowest)
• 1980-2015 life expectancy change: 6.7 years (2nd largest)

New Jersey’s life expectancy at birth has significantly improved over the last four decades, more so than other states. As a result, its ranking improved from having the 22nd lowest life expectancy in 1980 to seventh highest in 2015. The Garden States has among the highest education attainment rates and household incomes of all states, and among the lowest poverty rates. These factors may have contributed to the state’s 6.7 year increase in life expectancy, the second largest of all states.

Massachusetts (Photo11: grantreig / Getty Images)

6. Massachusetts
• Life expectancy at birth in 2015: 80.4 years
• Life expectancy at birth in 1980: 74.7 years (16th highest)
• 1980-2015 life expectancy change: 5.7 years (9th largest)

Massachusetts has significantly improved its standing when it comes to life expectancy, jumping 10 spots since 1980. One factor that may help explain this jump is health insurance coverage. No state has a lower share of uninsured residents. Other contributing factors may be the state’s fourth lowest adult obesity rate. In addition, the Bay State has the highest concentration of mental health providers and dentists per capita, and the third highest concentration of primary care physicians.

5. New York
• Life expectancy at birth in 2015: 80.5 years
• Life expectancy at birth in 1980: 73.2 years (17th lowest)
• 1980-2015 life expectancy change: 7.3 years (the largest)

As is often the case in states with high life expectancies, measures such as New York’s relatively low obesity rate and high college attainment rate reflect healthy lifestyles and advantages that support longer lives. One in four state adults are obese, versus approximately one in three adults nationwide. The percentage of adults with at least a bachelor’s degree of 36 percent is 10th highest of all states.

New York’s life expectancy at birth rose by over seven years between 1980 and 2015, the largest improvement in the nation. To the extent that economic status relates to life expectancy, however, the gains in life expectancy are not enjoyed equally across the state. New York is the nation’s most unequal state, with incomes at the 20th percentile nearly six times greater than the incomes at the 80th.

4. Connecticut
• Life expectancy at birth in 2015: 80.8 years
• Life expectancy at birth in 1980: 74.9 years (14th highest)
• 1980-2015 life expectancy change: 6.0 years (6th largest)

Connecticut has the highest concentration of primary doctors, dentists, and mental health providers per 100,000 people. The state has fourth lowest adult smoking rate as well as among the lowest shares of adults who report being in poor health.

3. Minnesota
• Life expectancy at birth in 2015: 80.8 years
• Life expectancy at birth in 1980: 76.0 years (2nd highest)
• 1980-2015 life expectancy change: 4.8 years (24th largest)

Minnesota has been in the top three states for life expectancy since at least the 1980s. Socioeconomic factors, such as the fourth lowest poverty rate in the country and the lowest share of households living on less than $10,000 a year, may help explain this. The state also has the third lowest share of uninsured people, at only 4.4 percent compared to a national share of 8.7 percent.

California (Photo11: Art Wager / Getty Images)

2. California
• Life expectancy at birth in 2015: 80.9 years
• Life expectancy at birth in 1980: 74.3 years (20th highest)
• 1980-2015 life expectancy change: 6.6 years (3rd largest)

Residents of California have significantly improved their lifestyle, improving average life expectancy in the state significantly, and jumping from the 20th position in 1980 to second in 2015. The Golden State has the third lowest share of obese adults, the fifth lowest share of adults who do not exercise, and the second lowest share of adults who smoke. Also, 268.8 people under age 75 die per 100,000 people every year, the third lowest premature mortality rate and well below the national rate of 336.4 per 100,000.

1. Hawaii
• Life expectancy at birth in 2015: 81.3 years
• Life expectancy at birth in 1980: 76.8 years (the highest)
• 1980-2015 life expectancy change: 4.5 years (23rd smallest)

Hawaii continues to be the state with the longest life expectancy year after year. The Aloha State has the second lowest obesity rate in the country, the third lowest smoking rate, and the among the primary care doctors and dentists per capita.

The state has the second lowest share of residents with no health insurance, which may explain why are only 23.3 preventable hospitalizations per 100,000 people, the lowest preventable hospitalization of all states.

Detailed findings

Higher incomes are closely associated with longer life expectancy. The difference in life expectancy at the age of 40 for Americans in the richest 1 percent and the poorest 1 percent is 15 years for men and 10 years for women, according to a 2016 research published in the Journal of the American Medical Association.

Of the 23 states with a shorter life expectancy (at birth) that the average nationwide 17 have poverty rates that exceed that national rate of 13.4 percent. The opposite is generally the case across states with above-average life expectancies.

Exposure to air pollution, a general lack of access to health care, unhealthy behaviors, lack of access to healthy food, and other health risk factors — which are all more common in poorer areas — also contribute to lower life expectancies in some parts of the country.

Unhealthy behaviors such as smoking and physical inactivity can also help explain an area’s life expectancy. All but three of the 23 states with life expectancies at or below the national average report a higher adult smoking rate than the 17.0 percent national rate. Of the states with longer life expectancies, only seven report smoking rates that exceed the national rate.

Methodology

To determine the states with the longest and shortest life expectancy, 24/7 Wall St. reviewed 2010-2015 life expectancy at birth figures obtained from the National Association for Public Health Statistics and Information Systems (NAPHSIS) and the Robert Wood Johnson Foundation (RWJF). Figures for life expectancy at birth in 1980 came from the Institute for Health Metrics and Evaluation. Data on smoking, excessive drinking, and obesity rates came from County Health Rankings & Roadmaps program, a collaboration between RWJF and the University of Wisconsin Population Health Institute. Data on the 2017 income and poverty rates came from the U.S. Census Bureau. All data are for the most recent period available.

24/7 Wall Street is a USA TODAY content partner offering financial news and commentary. Its content is produced independently of USA TODAY.

 

Why Voyager Therapeutics Is Skyrocketing Today

What happened

Shares of Voyager Therapeutics (NASDAQ:VYGR) were skyrocketing 21.7% higher as of 11:22 a.m. EST on Friday. The small biotech announced a collaboration with AbbVie (NYSE:ABBV) to develop vectorized antibodies to treat Parkinson’s disease and other diseases characterized by the abnormal accumulation of misfolded alpha-synuclein protein.

Under the terms of the deal, Voyager will receive $65 million up front and up to $245 million in preclinical and phase 1 option payments. Voyager also stands to receive potential development, regulatory, and commercial milestone payments down the road of up to $728 million as well as royalties on sales of any approved drugs resulting from the collaboration.

Businesspeople shaking hands.

Image source: Getty Images.

So what

The most tangible impact of Voyager’s deal with AbbVie is a nice infusion of cash. Voyager continues to lose more than $20 million each quarter. Expenses are likely to rise as the company advances its preclinical candidates into early-stage clinical studies.

A partnership with a major drugmaker like AbbVie also helps boost investors’ enthusiasm about the prospects for Voyager’s experimental gene therapies. AbbVie already has an approved drug for treating Parkinson’s disease, Duodopa. The big pharma company also has an experimental Parkinson’s disease drug, ABBV-951, in phase 1 testing.

This is the second significant deal for Voyager Therapeutics in recent weeks. On Jan. 29, 2019, the company announced that it was licensing four gene-therapy programs to Neurocrine Biosciences for $165 million up front and up to $1.7 billion in potential milestone payments.

Now what

For Voyager to make the most of its collaboration with AbbVie, it will have to deliver the goods. The small biotech will conduct research and preclinical development. If all goes well, AbbVie has the option to select one or more vectorized antibodies to move into phase 1 clinical studies. This would open the door for Voyager to receive option payments from AbbVie.

If phase 1 testing is successful, AbbVie then has an option to license the selected program for continued clinical development and future global commercialization. And that’s when the big money for Voyager could start rolling in.

It’s still really early, though. The primary thing for investors to watch with Voyager Therapeutics in the immediate future is the biotech’s Q4 update, scheduled for Feb. 26, 2019.

Top 10 Cheap Stocks To Watch Right Now

Generally, stocks that have fallen out of favor with the market are cheap for a reason. But, on occasion, savvy investors can scoop up a stock on the cheap and enjoy solid returns when the company proves its doubters wrong. It’s not easy to discern which stocks fall into the pessimistically undervalued category, but here are two to consider: Hostess (NASDAQ:TWNK), which is expanding and adapting its portfolio of snacks to drive growth, and General Motors (NYSE:GM) which could potentially strike gold thanks to its 2016 Cruise Automation acquisition.

Snacking is still a thing

Hostess has shed roughly 11% of its value over the past 12 months, a period during which it has dealt with a CEO transition and a growing recognition among investors that the trends in the U.S. point toward a preference for healthier snacks. Its shares are currently trading at a paltry price-to-earnings ratio of 6x. And while Americans are certainly choosing to eat healthier these days, Hostess can expand its portfolio of snack foods to drive growth and earn a higher multiple from Wall Street down the road.

Top 10 Cheap Stocks To Watch Right Now: S&P Smallcap 600(PH)

Advisors’ Opinion:

  • [By Shane Hupp]

    Barings LLC decreased its holdings in Parker Hannifin (NYSE:PH) by 36.4% in the first quarter, HoldingsChannel reports. The firm owned 26,064 shares of the industrial products company’s stock after selling 14,937 shares during the period. Barings LLC’s holdings in Parker Hannifin were worth $4,458,000 as of its most recent SEC filing.

  • [By Ethan Ryder]

    Get a free copy of the Zacks research report on Parker Hannifin (PH)

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

  • [By Shane Hupp]

    ClariVest Asset Management LLC reduced its stake in shares of Parker Hannifin (NYSE:PH) by 3.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 122,268 shares of the industrial products company’s stock after selling 3,773 shares during the period. ClariVest Asset Management LLC owned approximately 0.09% of Parker Hannifin worth $20,913,000 at the end of the most recent quarter.

  • [By Shane Hupp]

    Investors sold shares of Parker-Hannifin Corp (NYSE:PH) on strength during trading hours on Friday. $23.02 million flowed into the stock on the tick-up and $82.05 million flowed out of the stock on the tick-down, for a money net flow of $59.03 million out of the stock. Of all stocks tracked, Parker-Hannifin had the 25th highest net out-flow for the day. Parker-Hannifin traded up $2.45 for the day and closed at $171.53

  • [By Ethan Ryder]

    Get a free copy of the Zacks research report on Parker-Hannifin (PH)

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

Top 10 Cheap Stocks To Watch Right Now: USG Corporation(USG)

Advisors’ Opinion:

  • [By Ethan Ryder]

    ILLEGAL ACTIVITY WARNING: “USG (USG) Issues Quarterly Earnings Results” was originally posted by Ticker Report and is owned by of Ticker Report. If you are viewing this report on another publication, it was stolen and republished in violation of U.S. and international trademark & copyright laws. The correct version of this report can be read at www.tickerreport.com/banking-finance/4157507/usg-usg-issues-quarterly-earnings-results.html.

  • [By Jason Hall, George Budwell, and Chuck Saletta]

    And while it may not always work out well to simply copy the moves other investors make, it can pay off to use their buying and selling moves as jumping-off points in your own research. We asked three real-world investors for their insight, and they wrote about two recent Buffett buys of Apple Inc. (NASDAQ:AAPL) and USG Corporation (NYSE:USG), and a recent Baker Brothers buy of Heron Therapeutics Inc (NASDAQ:HRTX). 

  • [By Jordan Wathen]

    As USG Corporation (NYSE:USG) drags its feet on an offer to sell the company for $42 per share, Berkshire intends to use its 30.8% ownership stake to motivate its top brass to make a deal. Berkshire told Bloomberg it intends to vote its shares against USG’s board members who are up for re-election at this year’s annual meeting, a clear message that Buffett is ready to cash in, even if USG’s management and board are not.

  • [By Ethan Ryder]

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

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

Top 10 Cheap Stocks To Watch Right Now: Kohl’s Corporation(KSS)

Advisors’ Opinion:

  • [By Jim Crumly]

    As for individual stocks, Toll Brothers surprised analysts with its second-quarter results and Kohl’s Corporation (NYSE:KSS) reported a big profit gain on robust sales. 

  • [By Adam Levine-Weinberg]

    Following a couple of tough years, Kohl’s (NYSE:KSS) and Nordstrom (NYSE:JWN) have helped lead a revival of sorts for the department-store sector over the past year. Strengthening comp sales results and rising earnings expectations helped Kohl’s stock reach an all-time high last week. Meanwhile, Nordstrom stock hit a multiyear high.

  • [By Shane Hupp]

    Kohl’s (NYSE:KSS) was the target of a large growth in short interest in April. As of April 30th, there was short interest totalling 29,765,891 shares, a growth of 9.9% from the April 13th total of 27,095,285 shares. Based on an average daily volume of 3,456,427 shares, the days-to-cover ratio is currently 8.6 days. Approximately 17.9% of the company’s stock are short sold.

  • [By Logan Wallace]

    Kohl’s (NYSE:KSS) had its target price increased by Morgan Stanley from $41.00 to $45.00 in a research report released on Wednesday morning. The brokerage currently has an underweight rating on the stock.

  • [By JJ Kinahan]

    Adding to positive sentiment, Kohl’s Corporatrion (NYSE: KSS) reported better-than-expected earnings and revenue, and same-store sales were up 3.6 percent. It’s interesting that the company was able to do this despite wintery weather, particularly in areas where Kohl’s stores are concentrated. The company’s  shares were up more than 5 percent in premarket trading. 

  • [By Ethan Ryder]

    California State Teachers Retirement System trimmed its stake in shares of Kohl’s Co. (NYSE:KSS) by 3.4% in the first quarter, HoldingsChannel.com reports. The fund owned 325,416 shares of the company’s stock after selling 11,625 shares during the quarter. California State Teachers Retirement System’s holdings in Kohl’s were worth $21,318,000 at the end of the most recent reporting period.

Top 10 Cheap Stocks To Watch Right Now: Compass Minerals Intl Inc(CMP)

Advisors’ Opinion:

  • [By Max Byerly]

    Several brokerages have weighed in on CMP. Zacks Investment Research raised Compass Minerals International from a “strong sell” rating to a “hold” rating in a report on Wednesday. ValuEngine cut Compass Minerals International from a “hold” rating to a “sell” rating in a report on Tuesday, October 23rd. Monness Crespi & Hardt dropped their price objective on Compass Minerals International from $76.00 to $63.00 and set a “buy” rating for the company in a report on Friday, November 2nd. BMO Capital Markets dropped their price objective on Compass Minerals International from $65.00 to $60.00 and set a “market perform” rating for the company in a report on Friday, November 2nd. Finally, Credit Suisse Group raised Compass Minerals International from an “underperform” rating to a “neutral” rating and set a $49.00 price objective for the company in a report on Tuesday, November 27th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $62.34.

    WARNING: “Compass Minerals International, Inc. (CMP) Shares Sold by Kovack Advisors Inc.” was first reported by Ticker Report and is owned by of Ticker Report. If you are accessing this article on another website, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The original version of this article can be viewed at www.tickerreport.com/banking-finance/4151975/compass-minerals-international-inc-cmp-shares-sold-by-kovack-advisors-inc.html.

    About Compass Minerals International

  • [By Stephan Byrd]

    Compcoin (CURRENCY:CMP) traded flat against the US dollar during the 24-hour period ending at 11:00 AM E.T. on October 13th. During the last seven days, Compcoin has traded up 12.6% against the US dollar. One Compcoin coin can currently be purchased for approximately $12.20 or 0.00130307 BTC on cryptocurrency exchanges. Compcoin has a total market cap of $0.00 and approximately $0.00 worth of Compcoin was traded on exchanges in the last 24 hours.

  • [By Jordan Wathen, Matthew Frankel, CFP, and Dan Caplinger]

    Here, three Fool.com contributors share why they believe Compass Minerals (NYSE:CMP), Chubb (NYSE:CB), and Realty Income (NYSE:O) exhibit the kind of traits found in many of Buffett’s best investments.

  • [By Reuben Gregg Brewer]

    Compass Minerals International, Inc. (NYSE:CMP) is often listed as a miner, but the salt and fertilizer it produces are a bit different than what most investors think of when they hear the word “miner.” That makes Compass something of an odd duck and results in it being off of most investors’ radar screens. A tough 2017 is another net negative. That’s a shame, since it currently sports a yield of more than 4.4%, and the business outlook is improving. Here’s what investors are missing out on with this high-yield stock.

Top 10 Cheap Stocks To Watch Right Now: Express-1 Expedited Solutions Inc.(XPO)

Advisors’ Opinion:

  • [By Rich Duprey]

    XPO Logistics (NYSE:XPO) has been a phenomenal growth story: Over the past decade, its shares have returned 2,000% to investors as demand for freight transportation and logistics services skyrocketed.

  • [By Logan Wallace]

    Mutual of America Capital Management LLC increased its holdings in XPO Logistics Inc (NYSE:XPO) by 32.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,125 shares of the transportation company’s stock after acquiring an additional 1,740 shares during the quarter. Mutual of America Capital Management LLC’s holdings in XPO Logistics were worth $714,000 as of its most recent filing with the Securities & Exchange Commission.

  • [By Rich Duprey, Nicholas Rossolillo, and Maxx Chatsko]

    Yet finding the best stocks to buy and hold isn’t easy. So to help get you started, we asked three Foolish investors to pick a growth stock that they believe investors would be wise to buy now and hold for the long term. Read on to learn why they like SunPower (NASDAQ:SPWR), salesforce.com (NYSE:CRM), and XPO Logistics (NYSE:XPO).

  • [By ]

    In the Lightning Round, Cramer was bullish on Idexx Laboratories (IDXX) , XPO Logistics (XPO) , Diamondback Energy (FANG) and Illinois Tool Works (ITW) .

  • [By Lou Whiteman]

    Onetime highflier XPO Logistics (NYSE:XPO) has had a difficult run of late, as a third-quarter miss followed by a blistering criticism from short-seller Spruce Point Capital caused XPO shares to lose more than half of their value since Oct. 1.

  • [By Matthew Frankel, Neha Chamaria, and Matthew DiLallo]

    While there’s no way to know for sure which stocks will become the next Amazon, three of our contributors think BofI Holding (NASDAQ:BOFI), XPO Logistics (NYSE:XPO), and iQiyi (NASDAQ:IQ) have pretty good chances.

Top 10 Cheap Stocks To Watch Right Now: International Business Machines Corporation(IBM)

Advisors’ Opinion:

  • [By Chris Neiger, Anders Bylund, and Steve Symington]

    Unisys shares have seen their prices fall 30% lower in the last three months, resulting in rock-bottom valuation ratios. The stock is trading at just 7 times forward earnings and 6.7 times trailing free cash flows, far below the norm in an industry that’s already packed with strong deep-discount investments. For example, IBM (NYSE:IBM) shares can be bought at 9.4 times forward earnings, and DXC Technology (NYSE:DXC) trades at 8.5 times its free cash flows. These are great value stocks, but Unisys is trading even lower.

  • [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. 

    Subscribe to our Youtube Channel for extended interviews, Cramer Replays, feature content, and more!

  • [By ]

    Meanwhile, Akamai’s (AKAM) CEO Tom Leighton didn’t shut the door to a potential sale of the company in an interview with me. Recent speculation on Wall Street is that Akamai would be an ideal fit for IBM (IBM) . 

  • [By Chris Hill]

    Berkshire Hathaway (NYSE:BRK-A) (NYSE:BRK-B) held its annual meeting last weekend. In this episode of MarketFoolery, host Chris Hill talks with special guest Matt Koppenheffer of Fool Germany about some Volkswagen, some Tesla (NASDAQ:TSLA), and a whole lot of Berkshire. Berkshire just got really interested in Apple (NASDAQ:AAPL), but how is this different from the company’s ill-fated investment in IBM (NYSE:IBM)?

  • [By ]

    Markets fluctuated on Wednesday, as Morgan Stanley (MS)  and Action Alerts PLUS holding Abbot Laboratories (ABT) reported strong earnings results this morning, while (IBM) disappointed.

Top 10 Cheap Stocks To Watch Right Now: Rent-A-Center Inc.(RCII)

Advisors’ Opinion:

  • [By ]

    Engaged Capital maintained large positions in Rent-A-Center (RCII) , TiVo (TIVO) , Hain Celestial (HAIN) , SunOpta and Jamba Inc. (JMBA) , all companies that have either previously been targeted by Welling or currently are in his cross-hairs.

  • [By Shane Hupp]

    Shares of Rent-A-Center Inc (NASDAQ:RCII) have received a consensus rating of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $8.75.

  • [By Ethan Ryder]

    Get a free copy of the Zacks research report on Rent-A-Center (RCII)

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

Top 10 Cheap Stocks To Watch Right Now: S&P GSCI(GD)

Advisors’ Opinion:

  • [By Lee Jackson]

    This company, like other major defense contractors, has had a very solid few years, and the future looks solid. General Dynamics Corp. (NYSE: GD) is engaged in business aviation, land and expeditionary combat vehicles and systems, armaments, munitions, shipbuilding and marine systems, and information systems and technologies.

  • [By Logan Wallace]

    Get a free copy of the Zacks research report on General Dynamics (GD)

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

  • [By Chris Dier-Scalise]

    What gives? Well, all of the top six holdings in the fund—Boeing Co (NYSE: BA), United Technologies Corporation (NYSE: UTX), Lockheed Martin Corporation (NYSE: LMT), General Dynamics Corporation (NYSE: GD), Raytheon Company (NYSE: RTN), and Northrup Grumman Corporation (NYSE: NOC)—all either met or exceeded Q4 earnings estimates. Together, those six companies make up about 45 percent of the fund.

  • [By Joseph Griffin]

    Riverhead Capital Management LLC increased its holdings in shares of General Dynamics (NYSE:GD) by 223.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 12,055 shares of the aerospace company’s stock after purchasing an additional 8,328 shares during the period. Riverhead Capital Management LLC’s holdings in General Dynamics were worth $2,663,000 at the end of the most recent reporting period.

  • [By Lou Whiteman]

    Contractors including Lockheed Martin (NYSE:LMT), Northrop Grumman (NYSE:NOC), General Dynamics (NYSE:GD), and Raytheon (NYSE:RTN) have been richly rewarded over the last two years. The current-year Pentagon budget, at $700 billion, is the largest in history and represented a 15.5%, or $94 billion, jump from the year prior. That’s the largest single-year jump since a 26.6% gain in 2002.

Top 10 Cheap Stocks To Watch Right Now: Wendy’s/Arby’s Group Inc.(WEN)

Advisors’ Opinion:

  • [By Rich Duprey]

    Papa John’s International (NASDAQ:PZZA) was reportedly willing to sell itself, and Wendy’s (NASDAQ:WEN) might have been interested in buying, until comments deemed racially insensitive by the pizzeria’s founder John Schnatter led to his resignation as company chairman — and caused the burger joint to back away from further negotiations.

  • [By Motley Fool Transcribers]

    The Wendy’s Co (NASDAQ:WEN)Q4 2018 Earnings Conference CallFeb. 21, 2019, 8:30 a.m. ET

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

    Operator

  • [By Chris Lange]

    Wendy’s Co. (NASDAQ: WEN) shares saw a handy gain on Thursday after the company announced that it accepted an offer to sell its 12.3% ownership interest in Inspire Brands back to that company for $450 million. This is a solid win for Nelson Peltz and Wendy’s in general.

  • [By Motley Fool Staff]

    Tim Hanson: If you go to Canada, one thing that’s ubiquitous in Canada, Tim Hortons. We went there for breakfast and my kids just could not get enough of the biscuits and the Timbits, which are the equivalent of Munchkins. My son has his Robinhood account now, so he’s always on the lookout for stocks to buy. He said, “Can I buy Tim Horton’s stock?” And I said, “Yes you can.” And actually, I told him a story. A long time ago, when I was in college, I actually bought Wendy’s (NASDAQ:WEN) stock on the thesis that Baja Fresh, which they owned at the time, was the next hot concept, and way better than Chipotle. Now, you fast forward a couple of years, Baja Fresh basically was worthless to Wendy’s. Chipotle had gone on to be the winner in the burrito space. Obviously since reverted to the mean. But, made a lot of money on Wendy’s because of Tim Horton’s. They also own Tim Hortons, and Tim Hortons is growing crazy for them, they’re growing all across Canada and the U.S.

Top 10 Cheap Stocks To Watch Right Now: Emerson Electric Company(EMR)

Advisors’ Opinion:

  • [By Lee Samaha]

    Heating, ventilation and air conditioning (HVAC) company Ingersoll-Rand PLC (NYSE:IR) is a better stock to buy than process automation company Emerson Electric (NYSE:EMR), but that doesn’t mean the latter isn’t also compelling. Both stocks offer strong free cash flow generations, healthy dividend yields, and attractive valuations. Let’s take a look at the two businesses, and see just why Ingersoll-Rand edges out its fellow electrical equipment company.

  • [By Shane Hupp]

    Element Capital Management LLC acquired a new stake in Emerson Electric Co. (NYSE:EMR) in the 1st quarter, HoldingsChannel.com reports. The fund acquired 202,986 shares of the industrial products company’s stock, valued at approximately $13,864,000.

  • [By Max Byerly]

    Flippin Bruce & Porter Inc. decreased its holdings in Emerson Electric (NYSE:EMR) by 33.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,251 shares of the industrial products company’s stock after selling 33,574 shares during the quarter. Flippin Bruce & Porter Inc.’s holdings in Emerson Electric were worth $4,525,000 as of its most recent filing with the Securities & Exchange Commission.

Best Energy Stocks To Watch Right Now

Oil prices settled higher Friday as a forecast for rising global crude demand, and supply boosts from Russia, offset lingering concerns about trade tensions cutting global consumption of energy products.

The International Energy Agency raised its forecast for global oil demand growth by 110,000 barrels a day to 1.5 million barrels for 2019. Its monthly report also said global supply had risen by 300,000 barrels a day last month, mainly because of higher output from Russia and higher output from the Organization of the Petroleum Exporting Countries.

Best Energy Stocks To Watch Right Now: ECA Marcellus Trust I(ECT)

Advisors’ Opinion:

  • [By Joseph Griffin]

    Media coverage about Eca Marcellus Trust I (NYSE:ECT) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Eca Marcellus Trust I earned a coverage optimism score of 0.24 on Accern’s scale. Accern also assigned media coverage about the oil and gas company an impact score of 47.7651927822973 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

  • [By Shane Hupp]

    SuperEdge (CURRENCY:ECT) traded 1.3% higher against the dollar during the 1 day period ending at 21:00 PM Eastern on October 4th. One SuperEdge token can currently be purchased for $0.0001 or 0.00000002 BTC on major exchanges. Over the last week, SuperEdge has traded 13.3% higher against the dollar. SuperEdge has a market cap of $0.00 and $91.00 worth of SuperEdge was traded on exchanges in the last day.

  • [By Ethan Ryder]

    SuperEdge (CURRENCY:ECT) traded 19.2% lower against the US dollar during the 24-hour period ending at 19:00 PM E.T. on September 1st. SuperEdge has a market capitalization of $0.00 and approximately $947.00 worth of SuperEdge was traded on exchanges in the last day. Over the last seven days, SuperEdge has traded up 2.2% against the US dollar. One SuperEdge token can now be purchased for approximately $0.0002 or 0.00000002 BTC on popular exchanges.

  • [By Max Byerly]

    SuperEdge (CURRENCY:ECT) traded 17.2% higher against the dollar during the 24-hour period ending at 14:00 PM ET on September 22nd. One SuperEdge token can now be purchased for about $0.0001 or 0.00000001 BTC on cryptocurrency exchanges. In the last seven days, SuperEdge has traded 52.1% lower against the dollar. SuperEdge has a total market capitalization of $0.00 and approximately $623.00 worth of SuperEdge was traded on exchanges in the last day.

Best Energy Stocks To Watch Right Now: PBF Logistics LP(PBFX)

Advisors’ Opinion:

  • [By Logan Wallace]

    PBF Logistics (NYSE:PBFX) issued its quarterly earnings results on Thursday. The pipeline company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.06), MarketWatch Earnings reports. PBF Logistics had a net margin of 33.57% and a return on equity of 56.03%. The company had revenue of $64.00 million for the quarter, compared to the consensus estimate of $67.75 million. During the same quarter in the previous year, the business earned $0.55 earnings per share. PBF Logistics’s revenue was up 5.8% compared to the same quarter last year.

  • [By Max Byerly]

    Plains GP (NYSE: PBFX) and PBF Logistics (NYSE:PBFX) are both oils/energy companies, but which is the better stock? We will contrast the two companies based on the strength of their profitability, valuation, risk, analyst recommendations, institutional ownership, earnings and dividends.

  • [By Logan Wallace]

    Get a free copy of the Zacks research report on PBF Logistics (PBFX)

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

Best Energy Stocks To Watch Right Now: EP Energy Corporation(EPE)

Advisors’ Opinion:

  • [By Lisa Levin]

    On Wednesday, the energy shares climbed 1.48 percent. Meanwhile, top gainers in the sector included SeaDrill Limited (NYSE: SDRL), up 15 percent, and EP Energy Corporation (NYSE: EPE), up 15 percent.

  • [By Logan Wallace]

    Here are some of the news articles that may have impacted Accern Sentiment’s analysis:

    Get Enterprise GP Holdings L.P. common stock alerts:

    Enterprise GP Holdings L.P. common stock (EPE) Receives Average Recommendation of “Hold” from Analysts (americanbankingnews.com) $314.69 Million in Sales Expected for Enterprise GP Holdings L.P. common stock (EPE) This Quarter (americanbankingnews.com) Enterprise GP Holdings L.P. common stock (EPE) Major Shareholder Sells $707,974.10 in Stock (americanbankingnews.com) Today’s Free Research Reports Coverage on Jones Energy and Three More Independent Oil & Gas Stocks (finance.yahoo.com) Research Analysts Offer Predictions for Enterprise GP Holdings L.P. common stock’s Q2 2018 Earnings (EPE) (americanbankingnews.com)

    Several research firms recently weighed in on EPE. Zacks Investment Research raised Enterprise GP Holdings L.P. common stock from a “hold” rating to a “buy” rating and set a $3.50 price target on the stock in a research report on Thursday, June 21st. ValuEngine lowered Enterprise GP Holdings L.P. common stock from a “buy” rating to a “hold” rating in a research report on Friday, June 15th. Stifel Nicolaus set a $3.00 price target on Enterprise GP Holdings L.P. common stock and gave the stock a “hold” rating in a research note on Monday, April 23rd. KLR Group downgraded Enterprise GP Holdings L.P. common stock from a “buy” rating to a “hold” rating and set a $3.00 price target for the company. in a research note on Monday, May 14th. Finally, Wells Fargo & Co decreased their price target on Enterprise GP Holdings L.P. common stock from $3.00 to $2.00 and set a “market perform” rating for the company in a research note on Monday, March 19th. Five analysts have rated the stock with a sell rating, nine have given a hold rating and two have give

  • [By Lisa Levin] Gainers
    athenahealth, Inc. (NASDAQ: ATHN) shares climbed 23.2 percent to $155.19 after Elliott Management confirmed a $160 per share cash offer for athenahealth.
    Evolus, Inc. (NASDAQ: EOLS) gained 21.3 percent to $8.83. Evolus named David Moatazedi as new CEO.
    VivoPower International PLC (NASDAQ: VVPR) climbed 18.2 percent to $3.12 after falling 39.86 percent on Friday.
    Gramercy Property Trust (NYSE: GPT) rose 15.6 percent to $27.53 after the company agreed to be acquired by Blackstone Group L.P. (NYSE: BX) for $27.50 per share.
    EP Energy Corporation (NYSE: EPE) rose 13 percent to $2.26.
    Energy XXI Gulf Coast, Inc. (NASDAQ: EGC) gained 11.9 percent to $7.35.
    National CineMedia, Inc. (NASDAQ: NCMI) surged 11.8 percent to $6.24 after the company posted upbeat quarterly profit.
    Sanchez Energy Corporation (NYSE: SN) shares gained 11.3 percent to $3.56.
    CVR Refining, LP (NYSE: CVRR) shares rose 8.8 percent to $18.875.
    Monaker Group, Inc. (NASDAQ: MKGI) rose 8.7 percent to $2.9683.
    Kosmos Energy Ltd. (NYSE: KOS) shares rose 7.4 percent to $7.40.
    Ceragon Networks Ltd. (NASDAQ: CRNT) rose 7 percent to $2.88 after climbing 1.89 percent on Friday.
    Cloudera, Inc. (NYSE: CLDR) surged 6 percent to $15.93. Craig-Hallum initiated coverage on Cloudera with a Buy rating.
    Illumina, Inc. (NASDAQ: ILMN) rose 5.1 percent to $257.35. Barclays upgraded Illumina from Equal-Weight to Overweight.

    Check out these big penny stock gainers and losers

Best Energy Stocks To Watch Right Now: Ideal Power Inc.(IPWR)

Advisors’ Opinion:

  • [By Money Morning Staff Reports]

    Here are last week’s top-performing penny stocks:

    Penny Stock Sector Current Share Price Last Week’s Gain
    Electra Meccanica Vehicles Corp. (NASDAQ: SOLO) Consumer Goods $4.39 259.84%
    Gridsum Holding Inc. (NASDAQ: GSUM) Technology $4.32 108.70%
    Sky Solar Holdings Ltd. (NASDAQ: SKYS) Utilities $1.08 89.47%
    Conformis Inc. (NASDAQ: CFMS) Healthcare $1.26 75.00%
    Ideal Power Inc. (NASDAQ: IPWR) Industrial Goods $0.52 56.73%
    ADMA Biologics Inc. (NASDAQ: ADMA) Healthcare $4.22 52.35%
    CAS Medical Systems Inc. (NASDAQ: CASM) Healthcare $2.41 51.57%
    Arcimoto Inc. (NASDAQ: FUV) Consumer Goods $4.88 50.15%
    Adomani Inc. (NASDAQ: ADOM) Consumer Goods $0.38 49.94%
    Huttig Building Products Inc. (NASDAQ: HBP) Services $3.41 47.62%

    Can’t-Miss Opportunity: Renowned Author of Best-Selling Investment “Bible” Just Released His Newest Pick

  • [By Stephan Byrd]

    Get a free copy of the Zacks research report on Ideal Power (IPWR)

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

  • [By Max Byerly]

    Headlines about Ideal Power (NASDAQ:IPWR) have been trending somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Ideal Power earned a daily sentiment score of 0.09 on Accern’s scale. Accern also gave media headlines about the industrial products company an impact score of 46.8284728476176 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.