Connect with us

Entrepreneurship

3 Nasdaq Stocks You’ll Regret Not Buying This Year

Published

on

Although macroeconomic headwinds kept the stock market under immense pressure last year, the declining inflation rates have increased investor optimism recently. Hence, quality Nasdaq stocks Comcast Corporation (CMCSA), Honeywell International (HON), and Biogen (BIIB) might be solid buys this year. Read on….


shutterstock.com – StockNews

Last year, macroeconomic uncertainties kept the stock market under pressure. Furthermore, tech stocks bore the brunt of the market sell-off, which led to the tech-heavy Nasdaq Composite to decline over 25% over the past year.

However, inflation has come down significantly from its peak. The Consumer Price Index (CPI) for December 2022 increased 6.5% year-over-year and decreased 0.1% over the prior month. Post CPI report, a 25-basis-point rate hike is expected at the Fed’s February meeting. A slowdown in the rate hikes could bode well for the stock market.

Moreover, Alan Blinder, a Princeton University economist who formerly served as vice chairman of the Fed, commented, “The sooner the inflation rate falls, the sooner the Fed will ease up, and therefore, the less the chance of a recession.”

Amid rebounding investor sentiment, fundamentally strong Nasdaq stocks Comcast Corporation (CMCSA), Honeywell International Inc. (HON), and Biogen Inc. (BIIB) might be solid additions to your portfolio in 2023.

Comcast Corporation (CMCSA)

CMCSA operates as a media and technology company worldwide. It operates through Cable Communications; Media; Studios; Theme Parks; and Sky segments.

On January 5, Xumo, a streaming platform joint venture between Charter Communications, Inc. (CHTR) and CMCSA, and Element Electronics announced their plans to launch a new line of 4K Ultra HD smart TVs across the United States in 2023. The portfolio expansion should benefit the company.

On December 12, 2022, CMCSA launched the world’s first live, multigigabit symmetrical internet connection powered by 10G and Full Duplex DOCSIS 4.0. 10G technology. This technology is expected to offer customers next-level net speed and performance, bolstering CMCSA’s product portfolio.

The company is expected to pay a quarterly dividend of $0.27 on January 25, 2023. CMCSA has paid dividends for 13 consecutive years. This reflects the company’s robust cash-generation abilities.

CMCSA’s revenue came in at $29.85 billion for the third quarter that ended September 30, 2022, down marginally year-over-year. However, its Cable Communications revenue came in at $16.54 billion, up 2.6% year-over-year.

Moreover, its adjusted net income came in at $4.22 billion, up 4.5% year-over-year, while its adjusted EPS came in at $0.96, up 10.3% year-over-year. Also, its adjusted EBITDA came in at $9.48 billion, up 5.9% year-over-year.

Street expects CMCSA’s EPS to increase 5.8% year-over-year to $0.91 for the fiscal first quarter ending March 2023. Furthermore, revenue for the same quarter is expected to come in at $29.83 million. It surpassed EPS and revenue estimates in all four trailing quarters, which is impressive.

The stock has gained 29.6% over the past three months and 12.9% over the past month to close the last trading session at $38.93.

CMCSA’s POWR Ratings reflect its promising outlook. It has an overall B rating, representing Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.

CMCSA has a B grade for Quality. It is ranked #1 among nine stocks in the Entertainment – TV & Internet Providers industry. Click here to see the additional POWR Ratings for CMCSA (Growth, Value, Momentum, Stability, and Sentiment).

Honeywell International Inc. (HON)

HON is a diversified technology and manufacturing company providing services worldwide. It operates in four segments, Aerospace; Honeywell Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions.

On November 16, 2022, HON announced that it would enable NASA’s Artemis I launch and several other aspects of planned NASA missions to bring astronauts to the moon and Mars by providing a full navigation and guidance system for the Artemis I launch vehicle.

In addition, it is also expected to provide 14 product types for crewed Artemis missions III through V, including both hardware and software solutions, to support NASA’s lunar missions.

On November 1, HON and Aramco announced the signing of a joint venture agreement to provide a set of end-to-end business process automation solutions under the Aramco Namaat Industrial Investments Program.

Digital delivery expertise, coupled with HON’s proven experience in industrial software and big data analytics solutions, should unlock tremendous value for the industry.

HON executed their capital deployment strategy, deploying $1.2 billion in the quarter that ended September 30, 2022, including $0.4 billion of share repurchases and raising their dividend for the 13th time over 12 consecutive years.

A quarterly dividend of $1.03 per share was paid to shareholders on December 2, 2022, indicating a 5.1% increase from its previous dividend. Chairman and Chief Executive Officer Darius Adamczyk said, “Our robust balance sheet, diligent cost management and focus on sustainable, profitable growth will allow us to continue creating value for our shareholders.”

HON’s net sales came in at $8.95 billion for the third quarter that ended September 30, 2022, up 5.6% year-over-year. Net income attributable to HON came in at $1.55 billion, up 23.5% year-over-year, while its adjusted earnings per share came in at $2.25, up 11.4% year-over-year.  

Analysts expect HON’s revenue to increase 2.6% year-over-year to $8.60 billion in the fiscal first quarter ending March 2023. The company’s EPS is estimated to grow 6.9% year-over-year to $2.04 in the same quarter. It surpassed EPS estimates in all four trailing quarters.

Over the past three months, the stock has gained 24.4% to close the last trading session at $216.61. It has also gained 3.3% over the past month.

HON’s strong fundamentals are reflected in the POWR Ratings system. The company has an overall rating of B, equating to Buy in our proprietary rating system.

HON has a B grade for Growth, Stability, and Quality. Within the B-rated Industrial – Machinery industry, it is ranked #16 out of 80 stocks. Click here for the additional POWR Ratings for Value, Momentum, and Sentiment for HON.

Biogen Inc. (BIIB)

BIIB discovers, develops, manufactures, and delivers therapies for treating neurological and neurodegenerative diseases. It offers TECFIDERA, AVONEX, PLEGRIDY, FAMPYRA, etc., for treating MS; SPINRAZA for SMA treatment; ADUHELM for treating Alzheimer’s; and FUMADERM for the treatment of severe plaque psoriasis.

On January 16, Eisai Co., Ltd. and BIIB announced that Eisai had submitted a marketing authorization application for lecanemab, an investigational anti-amyloid beta protofibril antibody to treat mild cognitive impairment (MCI), to the Pharmaceuticals and Medical Devices Agency (PMDA). The commercialization of the treatment should be beneficial for the company.

On January 4, BIIB and Alcyone Therapeutics announced their license and collaboration agreement to evaluate a novel device to improve patient experience and access to neurological ASO therapies.

Through this agreement, BIIB aims to leverage the ThecaFlex DRx system to improve the patient treatment experience and accessibility for a broader population suffering from neurological disorders, such as spinal muscular atrophy (SMA) and amyotrophic lateral sclerosis (ALS).

In the third quarter that ended September 30, 2022, BIIB’s income before income tax expense and equity in loss of investee, net of tax, increased 371% year-over-year to $1.37 billion. The total cost and expenses declined 54.3% year-over-year to $1.14 billion. Its non-GAAP total net income attributable to BIIB came in at $691.20 million, while its non-GAAP total earnings per share came in at $4.77.

Analysts expect BIIB’s EPS to increase 11.3% year-over-year to $4.03 for the fiscal first quarter ending March 2023. Its revenue is expected to come in at $2.32 billion for the same quarter. BIIB surpassed the consensus EPS estimates in three of the trailing four quarters.

Shares of BIIB have gained 32.7% over the past six months to close the last trading session at $288.04. It had also gained 1.1% over the past month.

BIIB’s solid prospects are reflected in its POWR Ratings. It has an overall A rating, which translates to a Strong Buy in our proprietary rating system.

It has an A grade for Value, Sentiment, and Quality. It is ranked #3 out of 397 stocks in the Biotech industry. To see the other ratings of BIIB for Growth, Momentum, and Stability, click here.


CMCSA shares fell $0.16 (-0.41%) in premarket trading Tuesday. Year-to-date, CMCSA has gained 12.19%, versus a 4.20% rise in the benchmark S&P 500 index during the same period.


About the Author: Sristi Suman Jayaswal

The stock market dynamics sparked Sristi’s interest during her school days, which led her to become a financial journalist. Investing in undervalued stocks with solid long-term growth prospects is her preferred strategy.

Having earned a master’s degree in Accounting and Finance, Sristi hopes to deepen her investment research experience and better guide investors.

More…

The post 3 Nasdaq Stocks You’ll Regret Not Buying This Year appeared first on StockNews.com

Source link

Entrepreneurship

6 Ways to Celebrate Black History Month beyond February

Published

on

Opinions expressed by Entrepreneur contributors are their own.

Celebrating Black History Month is a great way to honor the significant contributions African Americans have made throughout history. However, to create a truly equitable workplace and ensure that our employees feel seen, heard and valued daily, it’s essential to recognize Black history as an integral part of American history throughout the year.

Research shows that workplace diversity positively impacts employee engagement and productivity. In other words, creating an environment of inclusivity for all employees isn’t just the right thing to do, but it also makes good business sense. An authentic celebration of Black heritage throughout the year can help companies foster understanding and empathy among coworkers from different backgrounds. Such a celebration also allows employees to learn more about their colleagues’ experiences, promoting a deeper sense of community and understanding.

Related: It’s Black History Month. Here’s How to Show Black Employees You Care.

By recognizing Black history all year long, companies can show their employees they care while demonstrating a commitment to creating an environment where everyone feels seen, heard, valued and respected. Celebrating Black culture is one way to ensure all employees feel included in the workplace, no matter what month it is.

Here are six ways to be a better ally and celebrate Black History Month beyond February:

1. Celebrate authentic Black history and culture

Make sure that all employees have access to accurate and current information about the African-American experience and contributions throughout history. Encourage employees to learn more about the accomplishments of African Americans in a variety of fields — from science and engineering to art, music and literature.

How to implement it: Provide employees with a list of books, movies and articles by African Americans that tell the stories of African Americans throughout history. As opposed to non-African Americans telling the stories about African Americans (which has been the norm for too long).

Related: Be Intentional About Diversity

2. Plan authentic events

Celebrate Black History Month by planning events that make meaningful connections to the African-American experience. Invite guest speakers to share their unique perspectives on Black success stories and create opportunities for employees to engage in dialogue about important topics such as race, identity and inclusion.

How to implement it: Engage in an open dialogue with employees about the types of events they would like to participate in, such as movie screenings, group discussions and panel talks. Use their input to plan engaging activities focusing on Black culture and history.

Related: Here’s the No. 1 Question White Leaders Ask Me About Black History Month

3. Show authentic support

Show employees that their contributions are seen and valued by celebrating their success throughout the year. From recognition awards to career advancement opportunities, ensure you’re actively engaging with all of your employees so they know their work is appreciated.

How to implement it: Highlight employee achievements in company newsletters and recognize them at team meetings. These small gestures can go a long way in making your workplace more inclusive for everyone!

4. Host educational events

Consider hosting educational events such as lectures, workshops and brown bag lunches that focus on learning more about the roots of Black history in America. Provide professional development resources and opportunities for employees to engage in meaningful conversations around race, culture, and inclusion.

How to implement it: Invite experts in the fields of African American studies or Civil Rights to speak to employees about the history and legacy of Black people in America.

5. Incorporate inclusive resources into training

Include inclusive language, images, historical facts, etc., into all existing workplace diversity curriculums and training materials. Such a universal approach will help employees become more aware of the impact that race, gender and ethnicity have on daily workplace interactions.

How to implement it: Incorporate examples from Black history into existing diversity training materials such as videos, readings, and case studies. Ask employees for feedback about which resources would be most useful for learning more about Black history and culture.

6. Develop authentic mentorship programs

Invest in mentorship programs focusing on developing collaborations between African American employees and their colleagues of other ethnic backgrounds. Establish safe spaces where everyone can share their experiences openly and without judgment.

How to implement it: Create an inclusive environment through team-building exercises, cross-cultural conversations and networking events. Facilitate dialogue among employees of different backgrounds and encourage them to share their insights and ideas.

Celebrating Black History Month is an important way to remind everyone of the contributions African Americans have made to our society over the last several hundred years. Yet it’s also important that we recognize these achievements throughout the year in the workplace. By incorporating authentic resources into the workplace, employers can create a more inclusive atmosphere for all employees — no matter what month it is.

window.addEventListener(‘load’, function() {
!function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;
n.push=n;n.loaded=!0;n.version=’2.0′;n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window,
document,’script’,’

fbq(‘init’, ‘1098588566942656’);
fbq(‘set’,’agent’,’tmgoogletagmanager’, ‘1098588566942656’);
fbq(‘track’, “PageView”);
});

Source link

Continue Reading

Entrepreneurship

3 Growth Stocks to Buy Now Before They Heat up

Published

on

The gradual decline in inflation and decelerating wage growth might prompt the Fed to slow the pace of rate hikes this year, which might help growth stocks to stage a recovery. So, fundamentally strong growth stocks Salesforce (CRM), HF Sinclair (DINO), and Box (BOX), which look poised to soar in the near term, might be ideal buys now. Keep reading.

December’s Consumer Price Index (CPI) fell 0.1% for the month, in line with the Dow Jones estimate, marking the largest month-over-month decrease since April 2020. Moreover, the Labor Department reported that employers added 223,000 jobs in December 2022, reflecting a slowdown from the pace of job creation seen earlier in the year.

Also, average hourly pay, which had been increasing at an annual rate of 5% in September, fell to 4.6% in the month.

The sky-high inflation and the Fed’s aggressive interest rate hikes to tame it have affected growth stocks significantly last year. However, the easing inflationary pressures and declining wage growth signals that the Fed’s rate hikes are having their intended effect, which might prompt the Fed to slow its rate hike pace.

The Fed is widely anticipated to deliver a 0.25 bps rate hike in its next meeting, a step back from a 0.50 bps hike last month.

Furthermore, as per Fundstrat Global Advisors co-founder Tom Lee, US stocks will surge back toward record highs in 2023 once the Federal Reserve signals that it’ll ease up on its monetary-tightening campaign. Lee also said that he expects the S&P 500 to steadily climb to hit 4,800 points this year.

Given this backdrop, fundamentally strong growth stocks Salesforce, Inc. (CRM), HF Sinclair Corporation (DINO), and Box, Inc. (BOX) might be ideal buys for solid returns this year.

Salesforce, Inc. (CRM)

CRM provides customer relationship management technology that brings companies and customers together worldwide. The company’s service offerings include Sales, Service, Marketing, and Commerce. The company provides its services through direct sales, consulting firms, systems integrators, and other partners.

The company’s forward Price/Book multiple of 2.79 is 32.8% lower than the industry average of 4.15.

During the third quarter that ended October 31, 2022, CRM’s total revenues increased 14.2% year-over-year to $7.84 billion. The company’s gross profit increased 14.5% year-over-year to $5.75 billion, and non-GAAP income from operations increased 30.9% year-over-year to $1.78 billion.

The consensus EPS estimate of $1.36 for the fiscal fourth quarter ending January 2023 indicates a 62.3% improvement year-over-year. The consensus revenue of $8 billion for the same quarter represents a 9.2% year-over-year growth. CRM has an impressive earnings surprise history as it has surpassed the consensus EPS and revenue estimates in each of the trailing four quarters.

Also, the company’s revenue and levered free cash flow have grown at a CAGR of 24.1% and 21.8%, respectively, over the past three years.

The stock has gained 26.7% over the past month to close the last trading session at $167.97.

CRM’s POWR Ratings reflect its promising outlook. The stock has an overall rating of B, which translates to Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.

It has an A grade for Growth and a B for Sentiment. Within the 138-stock Software – Application industry, it is ranked #27.

Beyond the POWR Ratings just highlighted, you can access additional CRM grades for Value, Momentum, Stability, and Quality here.

HF Sinclair Corporation (DINO)

DINO is an independent petroleum refiner that produces and markets high-value light products such as gasoline, diesel fuel, jet fuel, renewable diesel, and other specialty products.

Its forward non-GAAP P/E of 3.80x is 53.8% lower than the industry average of 8.23x. Its 0.27 forward non-GAAP PEG multiple is 59.6% lower than the industry average of 0.68.

The company pays $1.20 annually as dividends, which translates to a yield of 2.81% at the current price. Its four-year average dividend yield is 2.99%.

DINO’s sales and other revenues grew 126.2% year-over-year to $10.60 billion for the third quarter that ended September 30, 2022. Its adjusted EBITDA increased 267.9% year-over-year to $1.50 billion. The company’s adjusted net income increased 368.2% year-over-year to $982.90 million, while its adjusted EPS rose 257.8% year-over-year to $4.58.

Street expects DINO’s revenue to increase 106.6% year-over-year to $37.99 billion for the fiscal year 2022. Its EPS is expected to rise 789% year-over-year to $14.96 for the same year. The company has surpassed the consensus revenue estimates in all of the trailing four quarters.

Moreover, the company’s net income and EPS have grown at a CAGR of 39.1% and 33%, respectively, over the past three years.

The stock has gained 9.7% over the past month and 61.8% over the past year to close the last trading session at $56.90.

It is no surprise that DINO has an overall rating of B, equating to a Buy in our POWR Ratings system.

It has a grade of A for Growth and Momentum and a B for Quality. It is ranked #10 among 93 stocks in the B-rated Energy – Oil & Gas industry.

In addition to the grades stated above, we’ve also rated DINO for Value, Sentiment, and Stability. Get all DINO ratings here.

Box, Inc. (BOX)

BOX provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on any device.

On January 10, BOX announced that BETC, a global communications, marketing, and advertising agency, have chosen BOX’s secure content management capabilities to power collaboration and accelerate processes around content management.

Sebastien Marotte, President of EMEA at BOX, said, “We’re delighted to support BETC in powering the next generation of creative content for their prestigious clients. We look forward to our continued partnership as BETC continues to expand its use of Box and develop its Content Cloud journey.”

In terms of forward non-GAAP PEG, BOX is currently trading at 1.36x, which is 14.8% lower than the industry average of 1.60x. Its forward Price/Cash flow multiple of 16.32 is 11.2% lower than the industry average of 18.37.

BOX’s revenue increased 11.6% year-over-year to $249.95 million in the third quarter that ended September 30, 2022. Its gross profit rose 15.2% year-over-year to $185.46 million. Also, its EPS came in at $0.03, compared to a loss per share of $0.12 in the year-ago period.

Analysts expect BOX’s revenue to rise 9.9% year-over-year to $256.48 million in the fiscal fourth quarter ended January 2023. Its EPS is estimated to grow 42.6% year-over-year to $0.34 in the same quarter.

Its revenue and levered free cash flow have grown at a CAGR of 15.1% and 29.1% over the past five years.

The stock has gained 22.4% over the past year to close the last trading session at $31.99. It has gained 10.1% over the past month.

BOX’s strong fundamentals are reflected in its POWR Ratings. It has an overall B rating, which equates to a Buy in our proprietary rating system.

It also has an A grade for Growth and Quality and a B for Value. BOX is ranked #6 among the 78 stocks in the Technology – Services industry.

Click here for the additional POWR Ratings for Stability, Momentum, and Sentiment for BOX.

Consider This Before Placing Your Next Trade…

We are still in the midst of a bear market.

Yes, some special stocks may go up. But most will tumble as the bear market claws ever lower.

That is why you need to discover the brand new “Stock Trading Plan for 2023” created by 40-year investment veteran Steve Reitmeister. There he explains:

  • Why it’s still a bear market
  • How low stocks will go
  • 9 simple trades to profit on the way down
  • Bonus: 2 trades with 100%+ upside when the bull market returns

You owe it to yourself to watch this timely presentation before placing your next trade.

Stock Trading Plan for 2023 >


CRM shares were trading at $168.63 per share on Wednesday morning, up $0.66 (+0.39%). Year-to-date, CRM has gained 27.18%, versus a 5.98% rise in the benchmark S&P 500 index during the same period.


About the Author: Kritika Sarmah

Her interest in risky instruments and passion for writing made Kritika an analyst and financial journalist. She earned her bachelor’s degree in commerce and is currently pursuing the CFA program. With her fundamental approach, she aims to help investors identify untapped investment opportunities.

More…

The post 3 Growth Stocks to Buy Now Before They Heat up appeared first on StockNews.com

window.addEventListener(‘load’, function() {
!function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;
n.push=n;n.loaded=!0;n.version=’2.0′;n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window,
document,’script’,’

fbq(‘init’, ‘1098588566942656’);
fbq(‘set’,’agent’,’tmgoogletagmanager’, ‘1098588566942656’);
fbq(‘track’, “PageView”);
});

Source link

Continue Reading

Entrepreneurship

OpenAI Rolls Out New Tool to Combat ChatGPT Plagiarism

Published

on

Since its launch in November, ChatGPT has disrupted various industries — from real estate to law. However, in the context of academia, teachers have growing concerns about whether using the tool is considered cheating.

ChatGPT, created by artificial intelligence company OpenAI, has the power to create essays, poetry, draft legal documents and more when given a prompt. While the results may need some editing, the tool’s efficiency has garnered worldwide attention for its accuracy.

Related: Professionals In This Industry Already Can’t Imagine Life Without ChatGPT: ‘I Can’t Remember the Last Time Something Has Wowed Me This Much.’

Public schools in Seattle and New York City have already banned the use of the tool over cheating concerns and its power to disrupt genuine learning. Now, OpenAI has announced a new feature that may help teachers spot the presence of ChatGPT in essays and other assignments, CNN reported.

The feature, called “AI text classifier,” is similar to the plagiarism software Turnitin in that when submitting a body of text, the tool will rate the input on a scale ranging from “likely generated by AI” to “very unlikely.”

While educators have been longing for such a tool to combat the increasing use of ChatGPT, OpenAI has admitted that the new feature is “imperfect” and should be “taken with a grain of salt,” CNN reported.

“We really don’t recommend taking this tool in isolation because we know that it can be wrong and will be wrong at times – much like using AI for any kind of assessment purposes,” Lama Ahmad, policy research director at OpenAI, told the outlet. “We are emphasizing how important it is to keep a human in the loop … and that it’s just one data point among many others.”

Related: Princeton Student Builds ChatGPT Detection App to Fight AI Plagiarism

Despite the imperfection of the new feature, OpenAI told CNN that the decision to release the “AI text classifier” has to do with hopefully deterring individuals from claiming AI text was composed by a human, as well as addressing the question of whether humans have a right to know if they are interacting with artificial intelligence.

“This question is much bigger than what we are doing here; society as a whole has to grapple with that question,” Jan Leike, a lead on the OpenAI alignment team, told CNN.

window.addEventListener(‘load’, function() {
!function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;
n.push=n;n.loaded=!0;n.version=’2.0′;n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window,
document,’script’,’

fbq(‘init’, ‘1098588566942656’);
fbq(‘set’,’agent’,’tmgoogletagmanager’, ‘1098588566942656’);
fbq(‘track’, “PageView”);
});

Source link

Continue Reading

Trending

%d bloggers like this: