Video game publisher Take-Two Interactive (NASDAQ:TTWO) reported decent first-quarter numbers alongside an in-line Q2 and full year guide. Although the numbers didn’t smash expectations, TTWO stock is soaring in response. It jumped more than 10% after the earnings report and conference call.
Why the huge rally on TTWO stock on rather unexciting numbers? Basically, buy-side expectations were low.
Thanks to prevailing competitive risks from Fortnite and a not-so-great earnings report from peer Electronic Arts (NASDAQ:EA) last week, TTWO stock fell off a cliff in late July. It dropped from nearly $130 to $110 in just a few days. Clearly, investors weren’t expecting much going into the print. If anything, misses and down-guides were priced in.
But, Take-Two’s report was actually pretty good. It largely hit the numbers across the board, and now, the market is sending TTWO stock back to where it was before the EA report.
Does this make sense? Absolutely. TTWO stock was undervalued down at $110, and with a huge Red Dead Redemption 2 catalyst coming up, it made no sense for this stock to be that cheap.
Top Cheap Stocks To Invest In 2019: Express-1 Expedited Solutions Inc.(XPO)
- [By Jeremy Bowman]
However, the clearest sign yet of Amazon’s potential impact in the industry came from the recent earnings report from XPO Logistics (NYSE:XPO), one of the biggest global providers of freight and logistics services and the leader in last-mile delivery of heavy goods like furniture and appliances. In its fourth-quarter report, XPO slashed its 2019 guidance significantly, and its shares fell by double digits on the report. The culprit was “the impact of our largest customer substantially downsizing its business portfolio,” according to CEO Brad Jacobs. Jacobs went on to explain on the earnings call that XPO would lose $600 million in annual business from this customer, who was reducing business by two-thirds.
- [By Motley Fool Staff]
XPO Logistics (NYSE:XPO) has grown fantastically in recent years by aggressively acquiring related businesses. However, management recently announced its intention to pause its acquisition strategy in favor of repurchasing shares.
- [By Bill Barker]
XPO Logistics (NYSE:XPO) is one of the world’s biggest freight brokerage providers, and it’s down about 50% from its highs in October. In this week’s episode of Industry Focus: Energy, host Nick Sciple talks with Motley Fool contributor Bill Barker of MFAM Funds about this company’s impressive past and uncertain future. Find out the biggest reasons the company’s sold off so sharply since October, how XPO is pivoting to reposition themselves in the logistics market, what this all means for current and prospective shareholders, what risks investors definitely need to keep an eye on, and, of course, whether the company could be a value play at these depressed levels. Tune in to hear more.
- [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).
Top Cheap Stocks To Invest In 2019: S&P GSCI(GD)
- [By Logan Wallace]
WARNING: “General Dynamics Co. (GD) Stake Lowered by ETRADE Capital Management LLC” was first reported by Ticker Report and is owned by of Ticker Report. If you are accessing this report on another site, it was illegally stolen and reposted in violation of United States and international copyright and trademark legislation. The legal version of this report can be viewed at www.tickerreport.com/banking-finance/4200512/general-dynamics-co-gd-stake-lowered-by-etrade-capital-management-llc.html.
- [By ]
Only 10% of the companies on the list had female CEOs at the helm, four of which — Hewlett Packard (HP) , Lockheed Martin (LMT) , General Motors (GM) , and General Dynamics (GD) — grew significant revenue in five years or less.
- [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 Paul Ausick]
General Dynamics Corp. (NYSE: GD) dropped about 2.1% Thursday to post a new 52-week low of $187.32. Shares closed at $191.40 on Wednesday and the stock’s 52-week high is $230.00. Volume was 25% higher than the daily average of around 1.6 million. The defense giant had no specific news.
- [By Lou Whiteman]
General Dynamics (NYSE:GD) has been the “wait ’til next year” story of the defense industry for several years now. The company’s initial guidance for 2019 suggests that investors are going to need to be patient a while longer.
Top Cheap Stocks To Invest In 2019: USG Corporation(USG)
- [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 Dan Caplinger]
Warren Buffett likes to hold his stock positions for the long run, and his experience with USG (NYSE:USG) has been typical of his other long-term investments. The Oracle of Omaha started buying shares of the manufacturer of Sheetrock drywall and other building materials back in 2000, accumulating a sizable stake that has ballooned to more than 30% of the company. USG ended up going through bankruptcy in order to get a handle on its asbestos liability claims, but thanks largely to Buffett’s involvement, the building materials company not only survived bankruptcy but also saw share prices soar briefly on hopes that USG would once again fully participate in the then-strong housing boom.
- [By Stephan Byrd]
ValuEngine upgraded shares of USG (NYSE:USG) from a buy rating to a strong-buy rating in a report published on Tuesday.
A number of other research analysts have also recently weighed in on the stock. Credit Suisse Group upgraded shares of USG from an underperform rating to a neutral rating and dropped their target price for the company from $35.00 to $24.00 in a research note on Friday, April 27th. Jefferies Group reiterated a hold rating and issued a $40.00 target price on shares of USG in a research note on Monday, April 23rd. SunTrust Banks boosted their target price on shares of USG from $42.00 to $44.00 and gave the company a hold rating in a research note on Tuesday, April 17th. Buckingham Research boosted their target price on shares of USG from $34.00 to $42.00 and gave the company a neutral rating in a research note on Monday, April 16th. Finally, Nomura boosted their target price on shares of USG from $39.00 to $44.00 and gave the company a neutral rating in a research note on Tuesday, March 27th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $39.00.
- [By Max Byerly]
Get a free copy of the Zacks research report on USG (USG)
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Top Cheap Stocks To Invest In 2019: Sirius XM Radio Inc.(SIRI)
- [By Lisa Levin] Companies Reporting Before The Bell
Thermo Fisher Scientific Inc. (NYSE: TMO) is projected to report quarterly earnings at $2.4 per share on revenue of $5.63 billion.
Ford Motor Company (NYSE: F) is expected to report quarterly earnings at $0.41 per share on revenue of $37.16 billion.
Twitter, Inc. (NYSE: TWTR) is projected to report quarterly earnings at $0.11 per share on revenue of $605.26 million.
Comcast Corporation (NASDAQ: CMCSA) is expected to report quarterly earnings at $0.59 per share on revenue of $22.75 billion.
General Dynamics Corporation (NYSE: GD) is estimated to report quarterly earnings at $2.52 per share on revenue of $7.6 billion.
The Boeing Company (NYSE: BA) is expected to report quarterly earnings at $2.58 per share on revenue of $22.24 billion.
Anthem, Inc. (NYSE: ANTM) is estimated to report quarterly earnings at $4.91 per share on revenue of $22.52 billion.
Viacom, Inc. (NASDAQ: VIAB) is projected to report quarterly earnings at $0.79 per share on revenue of $3.04 billion.
Northrop Grumman Corporation (NYSE: NOC) is estimated to report quarterly earnings at $3.61 per share on revenue of $6.61 billion.
Rockwell Automation Inc. (NYSE: ROK) is expected to report quarterly earnings at $1.81 per share on revenue of $1.66 billion.
Wipro Limited (NYSE: WIT) is projected to report quarterly earnings at $0.07 per share on revenue of $2.15 billion.
The Goodyear Tire & Rubber Company (NASDAQ: GT) is expected to report quarterly earnings at $0.46 per share on revenue of $3.82 billion.
Owens Corning (NYSE: OC) is projected to report quarterly earnings at $0.97 per share on revenue of $1.62 billion.
T. Rowe Price Group, Inc. (NASDAQ: TROW) is estimated to report quarterly earnings at $1.71 per share on revenue of $1.29 billion.
Dr Pepper Snapple Group, Inc. (NYSE: DPS) is expected to report quarterly earnings at $1.04 per share on revenue of $1.57 billion.
Sirius XM Holdings Inc. (NASDAQ: SI
- [By Chris Lange]
It was announced on Monday that Pandora Media Inc. (NYSE: P) would be acquired by Sirius XM Holdings Inc. (NASDAQ: SIRI). While this deal might look good at first glance, one analyst believes that Pandora shareholders will shoot down any acquisition hopes.
- [By Max Byerly]
Sirius XM Holdings Inc (NASDAQ:SIRI) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 196,142,023 shares, an increase of 1.7% from the August 15th total of 192,889,327 shares. Based on an average daily volume of 11,084,621 shares, the short-interest ratio is currently 17.7 days. Approximately 14.9% of the shares of the company are short sold.
Top Cheap Stocks To Invest In 2019: International Business Machines Corporation(IBM)
- [By Danny Vena]
When International Business Machines (NYSE:IBM) reported the financial results of its 2017 fourth quarter in January, investors rejoiced, as the company reported revenue growth for the first time in nearly six years. Those 22 quarters of year-over-year revenue declines had plagued the company, and investors are now cautiously optimistic after three successive quarters of flat to growing sales.
- [By Douglas A. McIntyre]
International Business Machines Corp. (NYSE: IBM) has made another reality show of its most exciting technology. It has a system that can effectively debate a human, and perhaps win. The debate system almost certainly won’t help IBM revenue and the erosion the struggling company has done to its share price.
- [By Adam Levine-Weinberg]
Even if spending growth decelerates thereafter, it’s unlikely to go to zero. Thus, Netflix might need to double its revenue again (to around $60 billion) just to reach $10 billion of annual free cash flow. For comparison, International Business Machines (NYSE:IBM) has a slightly lower market cap than Netflix today and has produced at least $10 billion of cash flow every year for more than a decade.