Author: Zacks

[ad_1] Investors who target stocks displaying relative strength find themselves in favorable market trends where buyers are in control.For those unaware, relative strength investing focuses on stocks that have performed well compared to the market as a whole or a relevant benchmark. And over the last month, several stocks – Caterpillar CAT, Domino’s Pizza DPZ, and Arista Networks ANET – have all displayed relative strength, up more than 10% and handily outperforming the general market. For those interested in riding momentum, let’s take a closer look at each.CaterpillarCaterpillar shares got a nice boost following its recent quarterly print, with the…

[ad_1] Under Armour, Inc. UAA delivered better-than-expected results in first-quarter fiscal 2024, wherein revenues and earnings surpassed the Zacks Consensus Estimate. Both the top and bottom lines fell year over year. However, the company reaffirmed guidance for fiscal 2024.The company reported adjusted earnings of 2 cents a share, which beat the Zacks Consensus Estimate of a loss of 3 cents per share. The company recorded earnings of 20 cents a share in the year-ago period.Meanwhile, net revenues of $1,317 million came ahead of the consensus estimate of $1,298 million but fell 2% on a year-over-year basis. The metric also slipped…

[ad_1] Walmart (WMT) stock hit new highs on Wednesday, with the retail titan up 25% over the last 12 months to crush the S&P 500’s 7%, Amazon’s -3% decline, and Target’s 22% fall.WMT posted blowout Q1 (FY24) results in May and upped its guidance as more shoppers of all income levels try to save on essentials. Now let’s see why Walmart, which lands a Zacks Rank #2 (Buy) ahead of its August 17 earnings release, might be a great blue-chip stock to buy for your long-term portfolio.  A Giant Adapts for the Future Like everyone in retail, Walmart now offers…

[ad_1] Fluor Corporation FLR recently posted solid earnings for second-quarter 2023, which were more than double the Zacks Consensus Estimate and above five times the year-ago figure. Revenues also topped the consensus mark by 9.1% and increased by 19.4% from the year-ago level.Shares of the company jumped 13.8% since Aug 4, when it released second quarter earnings, compared with the Zacks Engineering – R and D Services industry’s 1% growth.The top-line was backed by a ramp-up of execution activities on several recently awarded projects in the Energy Solutions, Urban Solutions and Mission Solutions segments, partially offset by declines in the…

[ad_1] CRA International, Inc., which conducts business as Charles River Associates CRAI reported impressive second-quarter 2023 results, beating the Zacks Consensus Estimate on both counts. The better-than-expected results, however, failed to impress the market as there has not been any major price change since the earnings release on Aug 3.Non-GAAP EPS came in at $1.42, which beat the Zacks Consensus Estimate by 5.2% but decreased 10.1% year over year. Revenues of $162 million surpassed the consensus mark by 3.3% and increased 8.6% year over year. Charles River’s shares have gained 18.5% over the past year, significantly outperforming the 6% rally of…

[ad_1] The major market indexes have regained much of the ground lost last year, with many individual stocks even eclipsing their highs from 2021. Yet this year’s incredible stock market rally has been halted to kick off the historically subpar month of August. U.S. government and domestic bank ratings downgrades, along with a reversal in seasonal tendencies, have brought on increased selling pressure as market participants understandably take profits.The months of August and September are typically associated with negative seasonality, as this two-month stretch has historically witnessed the worst performance relative to any other similar period of the calendar year.…

[ad_1] Maximus, Inc.’s MMS third-quarter fiscal 2023 earnings and revenues missed the Zacks Consensus Estimate.The stock has declined 3.6% since the earnings release on Aug 2 in response to the lower-than-expected results and trimmed guidance. Maximus currently expects adjusted earnings to be in the range of $3.74-$3.94 per share compared with the previous guidance of $4.00-$4.30 per share. The revised guided range is below the current Zacks Consensus Estimate of earnings of $4.1 per share.Fiscal 2023 revenues are expected to be in the range of $4.875-$4.975 billion compared with the previous guidance of $4.85-$5 billion. The midpoint ($4.925 billion) is, however,…

[ad_1] Southwest Gas Holdings Inc. SWX recorded second-quarter 2023 operating earnings of 47 cents per share, which beat the Zacks Consensus Estimate of 39 cents by 20.5%. The bottom line increased 104.3% from the year-ago quarter’s 23 cents.GAAP earnings were 40 cents per share against a loss of 10 cents in the prior-year period.Total RevenuesOperating revenues totaled $1,293.6 million in the quarter, which outpaced the Zacks Consensus Estimate of $1,119 million by 15.6%. The top line improved 12.9% from $1,146.1 million in the prior-year quarter. Southwest Gas Corporation Price, Consensus and EPS Surprise Southwest Gas Corporation price-consensus-eps-surprise-chart | Southwest Gas…

[ad_1] DISH Network’s DISH second-quarter 2023 earnings of 31 cents per share beat the Zacks Consensus Estimate by 6.9% but decreased 62.2% year over year.Revenues decreased 7.1% year over year to $3.91 billion and lagged the consensus mark by 0.13%.Revenues from the United States fell 7.1% year over year to $3.90 billion. Revenues from Canada and Mexico decreased 4.1% to $10.6 million.DISH also announced that it has entered into an agreement to acquire EchoStar Corporation in an all-stock merger.DISH shares have declined 40.4% year to date, underperforming the Zacks Consumer Discretionary sector.DISH Network Corporation Price, Consensus and EPS Surprise DISH…

[ad_1] Take-Two Interactive Software TTWO reported first-quarter fiscal 2024 adjusted earnings of 36 cents per share, which missed the Zacks Consensus Estimate by a penny. The company reported earnings of 61 cents per share in the year-ago quarter.Net revenues jumped 16.5% year over year to $1.28 billion.Game revenues (85.3% of revenues) improved 7.5% year over year to $1.1 billion. Advertising revenues (14.7% of revenues) surged 126.7% year over year to $188.6 million.Take-Two shares have gained 31.7% year to date, outperforming the Zacks Consumer Discretionary sector’s growth of 14.9%.Take-Two Interactive Software, Inc. Price Take-Two Interactive Software, Inc. price | Take-Two Interactive…