tl;dr
Oppenheimer published buy and sell ideas, paired by sector, as the S&P 500 broke through its July high last week, signaling the resumption of the bull cycle that began in October 2022. The index reached a new all-time high after marking its support point at 4,600 and the final resistance at 4,818 in...
Oppenheimer published buy and sell ideas, paired by sector, as the S&P 500 broke through its July high last week, signaling the resumption of the bull cycle that began in October 2022. The index reached a new all-time high after marking its support point at 4,600 and the final resistance at 4,818 in January 2022. Analysts highlighted internal breadth broadening and the percentage of NYSE stocks above their 200-day average moving above the 60% threshold as encouraging signs. Additionally, Oppenheimer’s analysts are watching for a reading above 70% to confirm a breakaway. Notable buy and sell ideas include Mayville Engineering Co. and Chevron Corporation in the energy sector, Steel Dynamics Inc. and Air Products and Chemicals Inc. in materials, AMETEK Inc. and Lockheed Martin Corp. in industrials, Tesla and Trip.com Group in consumer discretionary, Albertsons Companies and The Coca-Cola Co. in consumer staples, Molina Healthcare Inc. and Edwards Lifesciences Corp. in healthcare, Apollo Global Management and Aon Plc. in financials, Iron Mountain Inc. and UDR Inc. in real estate, Cloudflare Inc. and Cisco Systems Inc. in technology, Live Nation Entertainment Inc. and AT&T Inc. in communication services, and Constellation Energy Corp. and Eversource Energy in utilities.
More about Mayville Engineering Co Inc
Mayville Engineering Co Inc is a contract manufacturer serving various industries in the United States, with a market cap of $280.865 million. The stock is currently trading at $35.46, with a daily change of $0.39, indicating a positive movement. The stock has a 52-week high of $27.9 and a low of $17.75, with a relatively low beta of 0.0141, suggesting lower volatility compared to the overall market. The company's revenue stands at $568.37 million, with a net income margin of -0.781. The market sentiment for Mayville Engineering Co Inc is moderately positive, with potential upside based on the current stock performance and industry outlook. However, it is essential to consider the potential risks and uncertainties associated with the manufacturing sector and the overall market conditions before making any investment decisions.
More about Chevron Corp
Chevron Corporation is a major player in the energy and transportation industries, with a focus on petroleum refining. With a market cap of $281.94 billion and a P/E ratio of 11.09, the stock has shown a 1-year return of 5.95% and a 5-year return of 13.47%. Currently trading at $107.56, the stock has a beta of 0.126, indicating lower volatility compared to the market. The company's revenue stands at $202.70 billion, with a net income of $164.48 billion. The stock has shown a decrease of 0.398 points in its RSI and a decrease of 0.182 in its Bollinger Bands. Market sentiment towards Chevron Corporation is currently uncertain, with potential risks associated with the fluctuating energy market and global economic conditions.
More about Steel Dynamics Inc
Steel Dynamics Inc is a steel producer and metal recycler in the United States. The company had a market capitalization of $19.39 billion, with a stock price of $109.22. The company's price-to-earnings ratio is 7.94, indicating a potential undervaluation. The stock has a 1.615% dividend yield, which may attract income-seeking investors. The stock has shown a 15.69% return on investment over the past year, outperforming the market average. However, the stock has experienced a slight decline of -0.31% in the last trading session, reflecting some short-term weakness. The market sentiment towards Steel Dynamics Inc is currently bearish, with a Relative Strength Index (RSI) of 114.14, indicating overbought conditions. Investors should be cautious of potential downside risks given the stock's recent strong performance and overbought RSI.
More about Air Products and Chemicals Inc
Air Products and Chemicals Inc is an American international corporation primarily focused on selling gases and chemicals for industrial uses, with its headquarters in Allentown, Pennsylvania. The company has a market cap of $60,192,674,000 and a current stock price of $306.57. The stock has a 52-week high of $356.68 and a 52-week low of $246.32, showing a relatively strong performance. The industrial inorganic chemicals sector has seen a 0.19% increase, reflecting positive market sentiment. However, with a 0.106 negative change in the stock price, there may be some uncertainty in the near term. It will be important to monitor the support and resistance levels, as well as technical indicators like the RSI and moving averages, to gauge the potential for a bullish or bearish trend in the coming weeks.
More about Ametek Inc
AMETEK, Inc. (AMETEK) is a global manufacturer of electronic instruments and electromechanical devices with a strong presence in the life sciences and industrial instruments for measurement, display, and control sectors. With a market capitalization of $37.65 billion and a current stock price of $172.85, the company has shown a steady upward trend with a 5.51% increase in EPS. The stock is currently trading at 29.61 times its earnings and has a relatively low beta of 0.197, indicating lower volatility compared to the market. The company's market sentiment appears bullish with a positive price movement and strong financial metrics. However, it is important to note the potential risks associated with investing in the stock market and consider the uncertainties that could impact future performance.
More about Lockheed Martin Corporation
Lockheed Martin Corporation is a global aerospace and defense company with a strong focus on guided missiles and space vehicles. With a market cap of $109.6 billion and a current stock price of $484.9, the company has shown a steady upward trend in stock performance, with a 52-week range of $267.17 to $484.9. The Relative Strength Index (RSI) of 27.3 suggests the stock may be oversold, while the Bollinger Bands indicate a potential breakout. However, it's important to note that past performance is not always indicative of future results, and there are potential risks and uncertainties associated with investing in the defense industry. With a strong focus on data-driven analysis and technical indicators, it's important to consider market sentiment and potential market movements when making investment decisions.
More about Tesla Inc
Key Financial Metrics: - Market Cap: 805,856,215,000 - Current Stock Price: $82.04 - Earnings Per Share: $3.09 - Price to Earnings Ratio: 30.28 - Dividend Yield: 0.112 - Revenue: 95,924,003,000 - 52-Week High: $204.96 - Beta: -0.442 - Volatility: 0.088
Stock Performance: - Tesla Inc. is a major player in the electric vehicle and clean energy market, with strong sales in the plug-in and battery electric car segments in 2020. The company also has a significant presence in the solar energy market through its subsidiary Tesla Energy. However, the stock has experienced volatility in the past year, with a 52-week high of $204.96 and a current price of $82.04.
Market Sentiment: - The market sentiment towards Tesla Inc. is mixed, with the company's innovative products and strong sales performance being balanced by concerns about stock volatility and potential risks associated with the electric vehicle and clean energy market. Investors should carefully consider these factors when evaluating the potential investment in Tesla Inc.
More about Trip.com Group Ltd ADR
Trip.com Group Ltd ADR is a travel service provider with a market capitalization of $22.07 billion and a stock price of $25.01. The stock has shown a 1-year change of 1.35% and a 5-year change of 60.11%, indicating relatively stable performance. With a P/E ratio of 51.23 and a beta of 0.994, the stock appears to be trading at a premium with moderate volatility. The company's revenue stands at $39.21 billion, with a net income margin of 15.68%, reflecting strong financial performance. Market sentiment towards Trip.com Group Ltd ADR appears to be positive, given its strong revenue and net income margin, but potential risks or uncertainties associated with the travel industry should be considered.
More about Albertsons Companies
Albertsons Companies, Inc. (ACI) operates in the pharmacy and food retail sector in the United States. With a market capitalization of $13.05 billion, the stock is currently trading at $11.22 per share, representing a 2.02% increase. The Relative Strength Index (RSI) is at 141.73, indicating overbought conditions, and the stock has a market sentiment of 0.0174. The company's total revenue is reported at $78.76 billion, with a price-to-earnings ratio (P/E) of 25.12. Despite a slightly negative trend of -0.226, the stock has a positive sentiment of 0.021.
More about The Coca-Cola Company
The Coca-Cola Company is a multinational beverage corporation with interests in the manufacturing, retailing, and marketing of nonalcoholic beverage concentrates and syrups. With a market cap of $253.35 billion and a stock price of $23.72, the company has shown a 1.82% increase in stock performance. The Relative Strength Index (RSI) stands at 59.06, indicating a neutral sentiment in the market. However, the Bollinger Bands suggest a potential breakout with a standard deviation of 2.47 and a volatility of 10.41. While the company has a strong position in the market and a bullish trend, potential risks and uncertainties should be considered before making any investment decisions. Past market behavior is not always a reliable indicator of future performance.
More about Molina Healthcare Inc
Molina Healthcare Inc. operates in the hospital and medical service plans sector, with a market capitalization of $21,161,734,000. The stock is currently trading at $22.63, with a 52-week low of $16.04 and a high of $563.07. The company's price-to-earnings (P/E) ratio is 0.0286, indicating potential undervaluation. With a total revenue of $32,502,999,000 and a net income of $367.77 million, Molina Healthcare has shown a positive trend in its financial performance. Market sentiment towards the stock is currently positive, with a bullish trend indicated by the stock's recent price movements. However, it's important to note that past performance is not always indicative of future results, and potential risks or uncertainties may impact the stock's future performance.
More about Edwards Lifesciences Corp
Edwards Lifesciences Corp is a medical technology company specializing in artificial heart valves and hemodynamic monitoring. With a market capitalization of $46.64 billion and a stock price of $77.65, the company has shown a positive 1-year performance with a 9.56% increase. The stock also has a relatively low beta of 0.246, indicating lower volatility compared to the market. However, it's important to note that the company operates in a highly regulated and competitive industry, with potential risks related to changes in healthcare policies and technological advancements. Additionally, the current market sentiment towards the company appears to be positive, but investors should consider the potential uncertainties associated with the healthcare sector and the company's financial performance.
More about Apollo Global Management LLC Class A
Apollo Global Management LLC Class A is a finance company with a market capitalization of $53.62 billion. The stock is currently trading at $35.79 with a 1.69% change in value. The company has a P/E ratio of 2.64 and a dividend yield of 0.0652. Market sentiment is positive with a trading volume of 25.76 million shares. However, the stock has experienced a 0.32% decrease in value, indicating potential risks or uncertainties in the market.
More about Aon PLC
Aon PLC is a multinational professional services firm operating in the finance and insurance industry, with a market capitalization of $62.15 billion. The stock has shown a strong performance, with a P/E ratio of 23.59 and a positive EPS growth of 13.16%. The company's stock price has also shown a 2.35% increase, indicating positive market sentiment. However, the Relative Strength Index (RSI) of 63.98 suggests that the stock may be overbought in the short term. The company's revenue of $13.13 billion and a profit margin of 0.207 reflect a stable financial position. While the stock is currently trading at $340.56, which is considered bullish, there are potential risks and uncertainties associated with market volatility and future performance, as past market behavior is not always a reliable indicator of future performance.
More about Iron Mountain Incorporated
Iron Mountain Incorporated (NYSE: IRM) is a real estate investment trust with a market cap of $19.862 billion. The stock is currently trading at $72.26 with a year-to-date return of 2.506%. The company has a dividend yield of 6.38% and a P/E ratio of 18.31. The Relative Strength Index (RSI) is currently at 66.38, indicating a slightly overbought condition. The stock has been exhibiting a bullish trend, but there is a potential resistance level at the $75 mark. The Bollinger Bands are narrowing, suggesting a potential breakout in either direction. Investors should be cautious of the potential risks associated with the current market sentiment and consider the uncertainties in future performance.
More about UDR Inc
UDR Inc is a real estate investment trust (REIT) that specializes in investing in apartments. It has a market capitalization of $13,372,739,000 and its stock is currently trading at $27.28, with a 1.64% dividend yield and a 1.38% dividend payout ratio. The stock has a beta of 4.998, indicating high volatility compared to the overall market. UDR Inc has a total debt of $1,639,557,000 and a current ratio of 38, indicating strong liquidity. The company has a price-to-earnings (P/E) ratio of 0.389 and an earnings per share (EPS) of $0.036.
From a technical analysis perspective, UDR Inc's stock has been trading within a narrow range, with support and resistance levels at key price points. The stock is currently exhibiting a bullish trend, with the potential for a breakout above its previous high. However, there are potential risks and uncertainties associated with this analysis, as past market behavior is not always a reliable indicator of future performance. Additionally, market sentiment towards REITs and the real estate sector as a whole may impact the stock's performance in the future.
More about Cloudflare Inc
Cloudflare Inc operates a cloud platform that offers a range of network services to companies around the world. The company is headquartered in San Francisco, California. As of the most recent data, the company's market capitalization stands at $28.55 billion. The stock has shown a slight decrease of 0.61% in the most recent period, with a 3.645% return on equity. The stock price has experienced a small decline of 0.167% and currently stands at $66.32. The market sentiment appears to be slightly positive, with a Relative Strength Index (RSI) of 0.322, indicating a neutral sentiment. It is important to note that past market behavior is not always a reliable indicator of future performance, and there may be potential risks or uncertainties associated with this analysis.
More about Cisco Systems Inc
Based on the financial data for Cisco Systems Inc, the company's market capitalization stands at 202.65 billion, with a stock price of 15.07. The stock has shown a 1.55% increase, with a 3.31% dividend yield. The company's P/E ratio is 14.22, and it has a market cap of 58.03 billion. The current sentiment in the market for Cisco Systems Inc appears to be positive, with a bullish trend in the stock performance. However, it's important to note that past performance is not always indicative of future results, and there may be potential risks and uncertainties associated with this analysis.
More about Live Nation Entertainment Inc
Live Nation Entertainment, Inc is a global entertainment company that operates in the amusement and recreation services sector. With a market capitalization of $21.4 billion and a stock price of $92.95, the company has shown a 1.5% increase in stock performance. The Relative Strength Index (RSI) stands at 62, indicating a bullish sentiment in the market. However, the stock has experienced resistance at the $111.17 level, suggesting potential challenges in the short term. Given the nature of the entertainment industry and the current economic climate, there are uncertainties regarding the company's future performance. Investors should consider potential risks associated with market volatility and consumer spending habits when evaluating this stock.
More about Constellation Energy Corp
Constellation Energy Corp is an energy producer in the United States, with a market capitalization of $37.93 billion. The stock is currently trading at $22.79, showing a 0.99% increase. The company's price-to-earnings ratio is 5.21 and the Relative Strength Index (RSI) is at 81.21, indicating the stock may be overbought. The company's market sentiment is slightly bullish, with a positive momentum of 0.064. The company's total revenue is $26.45 billion, with a net income of $121.92 million, showing a decrease of 9.4%. While the stock performance is positive, the high RSI and decreasing net income indicate potential risks and uncertainties in the future performance of the company.
More about Eversource Energy
Eversource Energy is a Fortune 500 energy company with a market capitalization of $21,595,335,000. The stock is currently trading at $18.51 with a 52-week range of $2.663 to $35.06. The company's Relative Strength Index (RSI) is 65, indicating a neutral sentiment. The stock has experienced a slight decrease of 0.03 or 0.132%. Based on the technical indicators, the stock is currently in a neutral position with potential for both bullish and bearish trends. Investors should consider the potential risks and uncertainties associated with this analysis, as past market behavior is not always a reliable indicator of future performance.
Disclaimer:
This is not financial advice. Please do your own research before investing in any asset.