Goldman Sachs has reiterated its Buy rating on Hexcel Corp . (NYSE: NYSE:), maintaining a price target of $65.00. The firm’s analysis followed Hexcel’s third-quarter results for 2024, which aligned with consensus expectations in terms of revenue and earnings per share (EPS), but fell short in segment earnings before interest and taxes (EBIT) and free cash flow (FCF). The company witnessed a high-single-digit sales growth, largely propelled by robust commercial aerospace revenue. This growth occurred despite experiencing slowdowns in the 737 MAX program and the industrial segment. Hexcel’s segment EBIT margin stood at 14.5%, which was 30 basis points below…
Author: user
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with:The broadening of the stock market rally has become a crucial theme during the second half of 2024.Amid the start of rate cuts — and economic data that’s showed the US economy remains in better shape than initially feared — the recent push to new record highs has largely been about companies not named Apple (AAPL), Alphabet (GOOGL, GOOG), Microsoft (MSFT), Amazon (AMZN), Meta (META), Tesla (TSLA), or Nvidia (NVDA).But the debate over whether the market’s next leg higher…
Image source: Getty Images There are many dividend-paying companies in the UK market, and it’s achievable to aim for a Stocks and Shares ISA capable of yielding 4% a year. To get £700 monthly from a 4% dividend income, the value of the portfolio would need to be around £210,000. But it’s possible to build the value of an ISA account over time. One way is to invest regular monthly sums of money, perhaps while earning an average salary. Targeting compounded returns Meanwhile, the long-term compounded total return from the stock market is often quoted at about 7% or slightly…
Nvidia could become bigger than Apple if Bank of America is right. When will Nvidia (NVDA 4.14%) run out of steam? The stock has skyrocketed more than 11x over the last two years. That’s the kind of momentum that longtime investors would tell you can’t continue indefinitely. But anyone who thought Nvidia had finally faced its day of reckoning earlier this year has already been proven wrong: The stock fell more than 20% below its high two times in the second half of 2024, only to bounce back. Even better days might be ahead. Here’s why one top Wall Street…
On Tuesday, KeyBanc Capital Markets began coverage on Zeta Global Holdings Corp (NYSE:ZETA) stock, issuing an Overweight rating and setting a price target of $40.00. The company’s platform, which offers marketers the ability to acquire, retain, and expand their customer base across various channels, is underpinned by its substantial data assets and customer data platform (CDP). Zeta Global boasts over 240 million opted-in end users, a figure that significant brands leverage for targeted campaigns. According to the analyst from KeyBanc, Zeta Global’s reliance on first-party data has positioned it to benefit from industry challenges like cookie deprecation and changes in…
Swiss CDR’s NextGen has partnered with Alt Carbon, an Indian company with an ingenious method of storing carbon in tea farms across Darjeeling Source link
Image source: Getty Images When looking for dividend stocks, one thing I always seek out is growth in the payout. When companies are regularly increasing their payouts, they can turn into cash cows for investors over the long term. Here, I’m going to highlight two under-the-radar UK dividend stocks that have rising payouts. If one is looking to build a growing passive income stream, I think these shares could be worth considering. Unbelievable dividend growth First up, we have Yü Group (LSE: YU.). It’s an independent supplier of gas and electricity to small and medium-sized businesses across the UK (and…
Investing.com — Positioning in the has reached extended levels, surpassing a three-year high, according to Citi strategists. The benchmark index stands out as an outlier compared to other markets, where conviction appears relatively low. The last time positioning was this stretched, strategists note, the S&P 500 experienced a pullback of over 10% over the following 2-3 months. While they do not advise investors to reduce their exposure, strategists flag the increased positioning risks when markets become overextended. “The one difference between now and then is that the profit and loss (P&L) was stretched – investors and accumulated large profits, whereas…
With the S&P 500 now up more than 23% this year, some investors are eyeing individual names in the broader benchmark index that look overvalued and might be at risk of correction. These select investors hope to enact a short sale that can help them access outsized profits.Shorting is a standard practice typically seen on Wall Street when investors or firms borrow shares at a certain price and then immediately sell the borrowed shares in the market. These investors hope the share price drops so they can repurchase the shares for less and then return them to the borrower, pocketing…
Cathay General Bancorp (NASDAQ:) has reported a slight increase in net income and earnings per share in its third-quarter earnings call held on October 30, 2024. Net income rose to $67.5 million, up by 1% from the previous quarter, with diluted earnings per share growing to $0.94. The bank also announced its intention to continue its stock repurchase program, aiming to buy back roughly $35 million in stock per quarter through the first quarter of 2025, subject to market conditions. Key Takeaways Cathay General Bancorp reported a 1% increase in net income to $67.5 million for Q3 2024.Diluted earnings per…