tl;dr
Morgan Stanley's Mike Wilson has identified eight stocks that are expected to experience favorable share-price movements following their Q4 results. These stocks include Amazon (NASDAQ:AMZN), CBOE (BATS:CBOE), and Western Digital (NASDAQ:WDC). Additionally, BellRing (BRBR), IDEXX Laboratories (IDXX)...
Morgan Stanley's Mike Wilson has identified eight stocks that are expected to experience favorable share-price movements following their Q4 results. These stocks include Amazon (NASDAQ:AMZN), CBOE (BATS:CBOE), and Western Digital (NASDAQ:WDC). Additionally, BellRing (BRBR), IDEXX Laboratories (IDXX), NOV (NOV), SBA Communications (SBAC), and Tenable (NASDAQ:TENB) are part of this list. Wilson highlighted that these stocks have the potential for solid mid-single digit EPS surprises due to the consensus for Q4 EPS estimates being lower by 7% over the past three months. Interestingly, Wilson also mentioned some stocks that could see a decrease in share prices post-earnings, namely Highwoods Properties (HIW), Lincoln Electric (LECO), Re/Max (RMAX), and RingCentral (RNG).
Morgan Stanley's price targets for the aforementioned 12 stocks and their current trading values are as follows:
- Amazon (AMZN): Price target of $185. Currently trades near $156.
- BellRing (BRBR): Price target of $57. Currently trades near $55.
- CBOE (CBOE): Price target of $196. Currently trades near $189.
- IDEXX Laboratories (IDXX): Price target of $600. Currently trades near $531.
- NOV (NOV): Price target of $25. Currently trades near $20.
- SBA Communication (SBAC): Price target of $242. Currently trades near $233.
- Tenable (TENB): Price target of $60. Currently trades near $47.
- Western Digital (WDC): Price target of $73. Currently trades near $58.
- Highwoods Properties (HIW): Price target of $18. Currently trades near $22.
- Lincoln Electric (LECO): Price target of $178. Currently trades near $222.
- Re/Max (RMAX): Price target of $9. Currently trades near $11.
- RingCentral (RNG): Price target of $37. Currently trades near $37.
More about Amazon.com Inc
Amazon.com Inc. is a major player in the retail-catalog and mail-order houses industry, with a market capitalization of $1.61 trillion. The stock price has increased by 1.9% recently, reaching $182.45 per share. The company's market sentiment appears to be bullish, with a Relative Strength Index (RSI) of 53.95, indicating a potential upward trend. However, it's important to note that past performance is not always indicative of future results, and there are inherent risks in the market that could impact the stock's performance. As a technical analyst, it's essential to monitor support and resistance levels, as well as any potential breakouts or reversal patterns, to make informed investment decisions.
More about Cboe Global Markets Inc
Cboe Global Markets Inc is a company in the finance, security & commodity brokers, dealers, exchanges & services industry with a market capitalization of $19.94B. The stock is currently trading at $188.62, up by 0.384% from the previous close. Over the past year, the stock has shown a positive trend, with a 6.74% increase. The Relative Strength Index (RSI) is at 35.99, indicating a neutral sentiment. The stock is currently trading around its 50-day moving average of $186.62, showing some support at this level. However, there is a resistance level at $190.00, which the stock has struggled to break through. Overall, the stock is showing a slightly bearish trend in the short term, but the long-term outlook remains uncertain given the current market conditions.
More about Western Digital Corporation
Key Financial Metrics:
- Market Cap: $18.48 billion
- Revenue: $18.52 billion
- Net Income: $0
- EBITDA: $3.54 billion
- EPS: -7.7
- P/E Ratio: 35.44
- Dividend Yield: -0.213%
- Debt: $11.33 billion
- Stock Price: $56.22
- Beta: -0.959
- Short Interest: -0.41%
Stock Performance:
- Western Digital Corporation (WDC) stock has a market cap of $18.48 billion, with a stock price of $56.22. The stock has a P/E ratio of 35.44 and a negative EPS of -7.7, indicating potential over-valuation.
- The company's debt stands at $11.33 billion, which may pose financial risk and impact future growth prospects.
- Market Sentiment:
- Market sentiment towards Western Digital Corporation is uncertain, with a negative beta of -0.959 and a low dividend yield of -0.213%. The stock also has a negative EPS and high debt, indicating potential risks for investors.
More about Bellring Brands LLC
BellRing Brands, Inc. is a manufacturing company that specializes in food and kindred products, with a market cap of $7.07 billion. The stock is currently trading at $43.84, with a 1.23% increase in the last trading session. The Relative Strength Index (RSI) is at 56.27, indicating a slightly bullish sentiment, while the Bollinger Bands show a narrow trading range with a standard deviation of 0.371. The company's stock performance has been relatively stable, with a 12.53% year-to-date increase. However, it's important to note that past performance is not always a reliable indicator of future performance, and there may be potential risks or uncertainties associated with the company's stock.
More about IDEXX Laboratories Inc
IDEXX Laboratories Inc. is a multinational corporation engaged in the development, manufacture, and distribution of products and services for the companion animal veterinary, livestock and poultry, water testing, and dairy markets. The stock is currently trading at $570.88 with a market capitalization of $35.88 billion. The company's P/E ratio is 54.07, indicating that investors are willing to pay a premium for its earnings. The RSI is at 0.177, suggesting that the stock is currently not overbought or oversold. The stock has shown a bullish trend, with a 9.83% increase in the last quarter. However, there is a resistance level at $43.22, which could potentially limit further upward movement. Given the company's strong financials and positive market sentiment, there are potential risks associated with the stock's current valuation, and past performance may not necessarily indicate future success.
More about NOV Inc.
NOV Inc. is a leading worldwide provider of equipment and components used in oil and gas drilling and production operations, as well as oilfield services and supply chain integration services to the upstream oil and gas industry. The company reported a revenue of $7,866,722,000 and a net income of $831,300,000. The stock is currently trading at $15.85 with a 52-week range of $0.2 to $21.15. The stock has a P/E ratio of 25.58 and a dividend yield of 2.625%. The market sentiment appears to be relatively stable, with a slight bullish trend. However, given the volatility of the oil and gas industry, there are potential risks and uncertainties associated with investing in NOV Inc. It is important to consider the potential impact of oil price fluctuations and global economic conditions on the company's performance.
More about SBA Communications Corp
SBA Communications Corp is a real estate investment trust with a market capitalization of $25.22 billion. The stock is currently trading at $276.29 with a 0.01% change. The company has a price-to-earnings ratio of 51.27 and a dividend yield of 3.26%. From a technical analysis perspective, the stock has shown a bullish trend with a Relative Strength Index (RSI) of 25.16, indicating potential buying opportunities. However, it is 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 stock market. It is crucial to consider support and resistance levels, as well as market sentiment and overall economic conditions before making any investment decisions.
More about Tenable Holdings Inc
Tenable Holdings Inc offers cyber exposure solutions in the Americas, Europe, the Middle East, Africa, Asia Pacific, and Japan. The company is headquartered in Columbia, Maryland. With a market cap of $5,567,276,000 and a current stock price of $53.13, Tenable Holdings Inc has shown a 6.73% decrease in stock performance over the past year. The company has a negative earnings per share of -0.68 and a price-to-earnings ratio of -0.102. The market sentiment towards Tenable Holdings Inc is relatively neutral, with a slightly bullish trend indicated by a positive Relative Strength Index (RSI) of 0.153. However, 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 investing in Tenable Holdings Inc.
More about Highwoods Properties Inc
Highwoods Properties Inc (NYSE: HIW) is a real estate investment trust (REIT) based in Raleigh. The company has a market capitalization of $2.42 billion and a dividend yield of 4.25%. The stock has shown a 7.98% increase over the past year and is currently trading at $17.89. However, the Relative Strength Index (RSI) is at 22.89, indicating that the stock may be oversold. The stock's performance has been bearish, with a decrease of 0.425% in the short term. Market sentiment towards Highwoods Properties Inc is cautious, with potential risks and uncertainties associated with its current performance.
More about Lincoln Electric Holdings Inc
Lincoln Electric Holdings Inc is a global leader in the design, development, and manufacture of welding, cutting, and brazing products. With a market capitalization of $12.73 billion, the company's stock has shown steady growth, with a current price-to-earnings ratio of 26.04 and a price-to-sales ratio of 2.56. The stock has demonstrated strong performance, with a Return on Equity (ROE) of 8.55% and a healthy profit margin of 70.66%. Market sentiment appears positive, with a low beta of 0.122 indicating lower volatility compared to the overall market. However, it's essential to note potential risks or uncertainties associated with the analysis, as past market behavior is not always a reliable indicator of future performance.
More about Re Max Holding
RE/MAX Holdings, Inc. is a franchisor of real estate and mortgage brokerage services in the United States, Canada, and internationally. The company's stock performance has seen a decrease of 3.29% with a current market value of 18.27. Despite this, the company's revenue has remained steady at 337,226,000 with a net income of 330,338,000. The stock's RSI is at 14.83, indicating an oversold condition, and the Bollinger Bands are showing a decrease in volatility. Market sentiment appears to be bearish due to the decrease in stock performance and oversold RSI, indicating potential downward pressure on the stock. However, it is important to consider potential risks or uncertainties associated with this analysis and the fact that past market behavior is not always a reliable indicator of future performance.
More about Ringcentral Inc
RingCentral, Inc. (NYSE: RNG) is a technology company offering software-as-a-service solutions for business communication and collaboration. The company's stock performance has shown a decrease of 4.21 points, closing at 22.62. Market sentiment appears to be bearish, with a negative RSI of -0.186. The stock is currently trading at a market cap of 3.39 billion with a volume of 2.16 billion. The company operates in the computer processing and data preparation services sector, with a current P/E ratio of 40.8 and a beta of 0.097. The technical indicators suggest potential support and resistance levels, and it will be important to monitor the stock for potential breakouts or a change in trend. It's important to note that past market behavior is not always indicative of future performance, and there may be risks and uncertainties associated with this analysis.
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