tl;dr
Goldman Sachs’ Conviction List for February is out, and additions include Target (NYSE:TGT), Installed Building Products (NYSE:IBP), and Ally Financial (NYSE:ALLY), while JPMorgan (JPM), among others, were cut. GS analysts expect Ally Financial (ALLY) to benefit from the Fed cutting rates, the norma...
Goldman Sachs’ Conviction List for February is out, and additions include Target (NYSE:TGT), Installed Building Products (NYSE:IBP), and Ally Financial (NYSE:ALLY), while JPMorgan (JPM), among others, were cut. GS analysts expect Ally Financial (ALLY) to benefit from the Fed cutting rates, the normalization of the credit environment and accelerating growth while the stock is trading at a deep discount.
About Installed Building Products (IBP), a GS analyst said that the U.S. housing recovery will benefit the company, which could see a path for improving profitability. Lastly, the return to discretionary spending could give a boost to Target (TGT), especially in a “soft landing” economy. The company is expected to “successfully cycle easy compares with topline growth that should translate into margins, eventually recovering to 6% (give or take) and all comes at an undemanding valuation,” GS analysts said. In addition, the Magnificent & stocks (NVDA), (META), (AAPL), (AMZN), (GOOGL), (MSFT), (TSLA) will continue to stay magnificent, analysts said, as they included Apple (AAPL), Amazon (AMZN), and Nvidia (NVDA) in their Conviction List.
More about Target Corporation
Target Corporation is an American retail corporation operating in the retail-variety stores industry. With a market capitalization of $106.89 billion, the stock is currently trading at $152.24. The stock has shown a 0.364% change in the last trading session, with a 52-week range of $17.74 to $231.76. Despite the recent increase, the Relative Strength Index (RSI) of 7.84 suggests that the stock may be approaching overbought levels. The company's performance indicates a potential bullish trend, but it is important to be cautious as past market behavior is not always a reliable indicator of future performance. Additionally, the stock is approaching the resistance level, which may present a potential risk for investors.
More about Installed Building Products Inc
Installed Building Products Inc is a company engaged in the installation of insulation, waterproofing, fire protection, garage doors, rain gutters, window blinds, shower doors, closet shelving, and mirrors in the Continental United States. With a market cap of 5535513000, the stock has a current price of $22.32 and a 1-year target estimate of $26.60. The stock has a P/E ratio of 8.73 and a dividend yield of 0.0902. The company's market sentiment is currently neutral, with a Relative Strength Index (RSI) of 97.38, indicating overbought conditions. Despite the bullish trend, there is a potential risk of a pullback or correction in the near future. It's important to consider the potential uncertainties associated with the current market sentiment and the company's financial metrics when making investment decisions.
More about Ally Financial Inc
Ally Financial Inc., a banking holding company, reported total assets of $112.80 billion and a market price of $12.47 per share. With a dividend yield of 2.99%, the stock has shown a 1.2% increase in the last quarter. The Relative Strength Index (RSI) stands at 23.39, indicating an oversold position. The company's market capitalization is $7.10 billion, with a stock price of $38.65, showing a bearish trend with a negative change in both short-term and long-term momentum.
More about JPMorgan Chase & Co
JPMorgan Chase & Co. (JPM) is a prominent American multinational investment bank and financial services holding company, headquartered in New York City. As a Bulge Bracket bank, it is a major provider of various investment banking and financial services. It is considered one of America's Big Four banks, alongside Bank of America, Citigroup, and Wells Fargo. JPMorgan Chase is a universal and custodian bank, offering services in investment banking, asset management, private banking, private wealth management, and treasury services. The company's market sentiment appears to be positive, with a market cap of $507.08 billion, a P/E ratio of 10.86, and a dividend yield of 2.39%. The stock has shown a recent bullish trend, with a 52-week high of $190.59 and a 52-week low of $95.74. However, it's important to note that past performance is not indicative of future results, and there are always inherent risks associated with stock market investments.
More about NVIDIA Corporation
NVIDIA Corporation, a leading technology company in the manufacturing and semiconductors industry, has a market cap of $151.97 billion. The stock is currently trading at $81.28, with a 0.16% change. The company has a price-to-earnings ratio of 7.57 and a forward price-to-earnings ratio of 18.18, indicating potential growth. With a beta of 0.421, the stock is relatively stable compared to the overall market. NVIDIA Corporation also has a total cash of $44.87 billion and a total debt of $646.89 million, which suggests a strong financial position. The stock has shown a 12.74% return on equity, indicating efficient use of shareholder funds. The current dividend yield is 2.055%, providing income for investors. The market sentiment for NVIDIA Corporation appears positive, supported by its strong financial metrics and potential for growth in the technology sector.
More about Meta Platforms Inc.
Meta Platforms Inc. (formerly Facebook) is a technology company that develops products for connecting and sharing through various devices. The stock has a market cap of $1.028 trillion and a current price of $360.66 per share, with a price-to-earnings ratio of 35.34. The stock has shown a 1-year change of 11.32% and a 5-year change of 48.97%. The company has a beta of 0.234, indicating lower volatility compared to the overall market. With a strong focus on technology and data processing services, Meta Platforms continues to dominate the social media landscape. However, recent controversies and regulatory challenges have led to increased uncertainty and potential risks for the stock. Market sentiment remains cautious, with investors closely monitoring the company's ability to navigate these challenges and maintain its growth trajectory.
More about Apple Inc
Apple Inc. is the world's largest technology company by revenue, totaling $274.5 billion in 2020, and the most valuable company since January 2021. As of 2021, Apple is the world's fourth-largest PC vendor by unit sales and the fourth-largest smartphone manufacturer. The stock performance shows a price of $200.27, with a 0.135% change and a negative $0.007 EPS. The market sentiment for Apple Inc. is positive, with strong financial metrics and a dominant position in the technology industry.
More about Amazon.com Inc
Amazon.com Inc is a leading player in the e-commerce, cloud computing, digital streaming, and artificial intelligence sectors. With a market capitalization of $1.60 trillion and a stock price of $3,837.68, the company has experienced a 1.91% increase in stock performance. The Relative Strength Index (RSI) of 53.95 suggests a neutral market sentiment, indicating neither overbought nor oversold conditions. The company's stock has shown a bullish trend, supported by strong buying momentum. However, it is important to consider potential risks and uncertainties, as past market behavior is not always indicative of future performance.
More about Alphabet Inc Class A
Alphabet Inc Class A is an American multinational conglomerate with a focus on technology and computer programming services. With a market cap of $1.75 trillion and a price-to-earnings ratio of 24.16, the stock has shown a solid performance. The company has a strong revenue of $307.39 billion and a healthy return on equity of 15.52%. The market sentiment towards Alphabet Inc Class A is generally positive, as it is one of the world's most valuable companies. However, it's important to note that past market behavior is not always a reliable indicator of future performance, and there are potential risks and uncertainties associated with investing in this stock.
More about Microsoft Corporation
Microsoft Corporation is a leading American multinational technology company with a market cap of $295.42 billion. The stock is currently trading at $35.98 with a 52-week range of $30.61 to $42.23. The stock has a beta of 0.363, indicating lower volatility compared to the market. Microsoft is a major player in the technology sector, particularly in the services-prepackaged software industry. With a P/E ratio of 2.86 and a forward P/E ratio of 11.05, the stock appears to be undervalued, potentially offering a buying opportunity. However, market sentiment may be influenced by factors such as competition from other technology giants like Google, Apple, Amazon, and Facebook. It is important to consider potential risks and uncertainties associated with investing in Microsoft, despite its strong market position and revenue dominance in the software industry.
More about Tesla Inc
Financial Data:
- Total Revenue: $596,479,312,000
- Net Income: $43.45
- Earnings Per Share: $4.31
- Operating Margin: 30.49%
- Return on Assets: 0.155
- Total Assets: $96,772,997,000
- Stock Price: $210.57
- Dividend Yield: 1.115%
- Price/Earnings Ratio: 0.035
Stock Performance:
- Tesla, Inc. is a major player in the electric vehicle and clean energy market, with high sales in the plug-in and battery electric segments.
- The company's subsidiary, Tesla Energy, is a significant installer of solar energy systems and a global supplier of battery storage systems.
- The stock price currently stands at $210.57 with a dividend yield of 1.115% and a low price/earnings ratio of 0.035.
Market Sentiment:
- Tesla's financial data and position in the electric vehicle and clean energy market indicate a strong performance and potential for growth.
- However, the stock's performance should be approached with caution, as past market behavior is not always a reliable indicator of future performance.
More about Constellation Brands Inc Class A
Constellation Brands Inc Class A is a leading producer and marketer of beer, wine, and spirits, with a market capitalization of $45.42 billion. The stock is currently trading at $294.34, with a 52-week high of $304.88 and a low of $182.56. The stock has shown a bullish trend, with a 3.47% increase in the last month and an 8.62% increase in the last quarter. However, the stock's Relative Strength Index (RSI) is at 51.88, indicating a neutral sentiment. The company's financials also show strong performance, with a revenue of $9.82 billion and a net income margin of 0.159. While the stock has shown strong performance, investors should be mindful of potential risks and uncertainties in the market, as past behavior is not always indicative of future performance.
More about Jefferies Financial Group Inc
Jefferies Financial Group Inc. (Ticker: JEF) is a finance company engaged in investment banking, capital markets, asset management, and direct investment businesses across multiple regions. The stock is currently trading at $37.05, with a 1.2% change in price and a 1.1% change in volume. The Relative Strength Index (RSI) stands at 20.21, indicating oversold conditions. The company has a market capitalization of $4.7 billion and a stock price of $48.33. The stock has experienced a -0.455% change over the past period, suggesting a bearish trend. It's important to note the potential risks associated with investing in JEF, as past performance is not always indicative of future results.
More about Blue Owl Capital Inc
Blue Owl Capital Inc is an asset manager in the real estate and construction sector, with a market capitalization of 21.89 billion and a stock price of 194.25. The stock has shown a slight increase of 0.56% and a positive EPS of 0.08. The Relative Strength Index (RSI) stands at 3.561, indicating a neutral sentiment. However, the trading volume is relatively low at 1.633 billion, with a low volatility of 17.48. The stock is currently trading close to its support level, indicating a potential breakout. It is important to note that past performance may not be indicative of future results, and there are uncertainties in the market that may impact the stock's performance.
More about Simon Property Group Inc
Simon Property Group, Inc. (SPG) is the largest owner of shopping malls in the United States, specializing in investing in shopping malls, outlet centers, and community/lifestyle centers. With a market capitalization of $52.00 billion and a price-to-earnings ratio of 20.57, the stock has shown a strong performance with a 52-week high of $150.44 and a low of $103. The stock is currently trading at $150.44, indicating a bullish trend in the market sentiment. However, it is important to note that the real estate sector is subject to economic cycles and market fluctuations, and past performance is not always indicative of future results. Additionally, the company's financials and performance metrics should be carefully monitored to assess any potential risks or uncertainties in the future.
More about Merck & Company Inc
Merck & Co. is a multinational pharmaceutical company with a market capitalization of $306.06 billion and a current stock price of $67.1. The company has a price-to-earnings ratio of 23.38 and a dividend yield of 2.88%. With a total revenue of $59.31 billion, Merck & Co. has shown steady growth and profitability. Despite the strong financial metrics, the stock has a Relative Strength Index (RSI) of 127.06, indicating potential overbought conditions. The company's stock performance has been bullish, but there is a risk of a potential correction due to the high RSI and the possibility of market sentiment shifting. It is important to monitor support and resistance levels, as well as any potential breakouts or trend reversals, to make informed investment decisions.
More about Quanterix Corp
Quanterix Corporation, a life sciences company, has reported revenues of $835,658,000 and a net income of -$1.02 per share. The stock price currently stands at $33.25, with a 3.117% decrease in the last trading session. Market sentiment appears to be neutral with a Relative Strength Index (RSI) of -0.33, suggesting a potential oversold condition. The company's focus on digital immunoassay platforms for precision health in life sciences research and diagnostics positions it well in a growing industry. However, potential risks and uncertainties should be considered, as past performance is not always indicative of future results.
More about Vertex Pharmaceuticals Inc
Vertex Pharmaceuticals, Inc. is a biopharmaceutical company with a market capitalization of $114.95 billion. The stock is currently trading at $430.44 with a 52-week low of $276.09 and a 52-week high of $458.08. The stock has shown a steady upward trend, with a current Relative Strength Index (RSI) of 64, indicating a bullish sentiment. The stock has recently broken through a resistance level at $400, suggesting potential for further upside. However, it's important to note that past performance is not always indicative of future results, and there are inherent risks associated with investing in the stock market.
More about JB Hunt Transport Services Inc
JB Hunt Transport Services Inc is a transportation and logistics company with a market capitalization of $21.12 billion. The stock is currently trading at $209.33 with a 1.68% increase, outperforming the industry average by 6.98%. The Relative Strength Index (RSI) of 122.83 indicates that the stock may be overbought. The company's market sentiment is slightly bearish, with a negative change of -0.235. However, it is important to note that past market behavior is not always a reliable indicator of future performance, and there are potential risks and uncertainties associated with this analysis.
More about PPG Industries Inc
PPG Industries Inc is a Fortune 500 company and global supplier of paints, coatings, and specialty materials, operating in over 70 countries. The company's stock is currently trading at $160.36, reflecting a decrease of 0.62% from the previous close. PPG's market capitalization stands at $33.26 billion, with a price-to-earnings ratio of 26.36 and a dividend yield of 1.54%. The company's revenue for the last fiscal year was $18.25 billion, with a net income margin of 5.35% and a return on equity of 7.31%. The stock has shown a bullish trend in the past year, but market sentiment remains uncertain due to potential risks associated with the global economic outlook and the company's exposure to cyclical industries such as paints and coatings. It will be important to monitor support and resistance levels, as well as key technical indicators like moving averages and RSI, to gauge the stock's performance in the coming months.
More about Parker-Hannifin Corporation
Parker-Hannifin Corporation is a manufacturing company specializing in miscellaneous fabricated metal products, with a market capitalization of $61,393,539,000. The stock has a 52-week low of $153.29 and a 52-week high of $196.79, with a current price of $182.06. The stock has a price-to-earnings ratio of 26.46 and a dividend yield of 0.675%. The stock has shown a bullish trend, increasing by 18.06% over the past year. Market sentiment for Parker-Hannifin Corporation is positive, with the stock showing strong performance and potential for continued growth.
More about Textron Inc
Textron Inc, a leading American industrial conglomerate, has a market capitalization of $16.85 billion and a current stock price of $18.82. The stock has experienced a slight increase of 0.08% and has a 52-week range of $4.57 to $67.81. The company's revenue stands at $13.68 billion, with a current ratio of 0.0673 and a net income of $92.62 million. The market sentiment for Textron Inc remains cautiously optimistic, with a potential for a bullish trend, but there are uncertainties associated with the recent performance. It's important to note that past market behavior is not always a reliable indicator of future performance.
More about CVS Health Corp
CVS Health Corp is a retail-drug store and proprietary stores company with a market capitalization of 346.6 billion. The stock is currently trading at 11.31 with a 52-week range of 2.365 - 268.63. The stock has a beta of 0.0244 indicating low volatility. Market sentiment appears to be slightly bearish with a RSI of 89.74, suggesting the stock may be overbought. However, with a bullish trend indicated by a positive 0.105 value, there may be potential for a breakout. It is important to consider the potential risks and uncertainties associated with this analysis, as past market behavior is not always a reliable indicator of future performance.
More about First Solar Inc
First Solar Inc is a leading provider of solar photovoltaic (PV) solutions, with a strong presence in multiple global markets. The company has a market capitalization of $16.01 billion and a stock price of $227.50. The stock has shown a 4.43% increase in the last trading session, closing at $33.82. Despite this recent positive movement, the stock has been relatively flat with a 0.15% change over the past month. The company's financials indicate a strong balance sheet with $3.16 billion in revenue and a healthy 2.058 current ratio. Overall, market sentiment towards First Solar Inc appears to be cautiously optimistic, with potential for growth in the renewable energy sector. However, the stock's performance may face challenges due to market uncertainties and potential regulatory changes in the future.
More about Southern Company
Key financial metrics for Southern Company include a market capitalization of $26.25 billion, a stock price of $25.37, a P/E ratio of 2.76, and a dividend yield of 2.74%. The company's market sentiment is currently at 74.42, indicating a slight bearish trend. The stock has shown a recent decrease of 0.044, or -0.167%, suggesting potential downside risk.
More about Cintas Corporation
Cintas Corporation is a manufacturing company in the men's and boys' furnishings, work clothing, and allied garments industry. With a market capitalization of $61.29 billion and a stock price of $624.33, the company has shown a 5% increase in the last year. The company's price-to-earnings ratio is 43.75, indicating a higher valuation compared to industry peers. The stock has outperformed the S&P 500 index with a return of 13.82%, suggesting bullish market sentiment. However, with a relatively low relative strength index (RSI) of 90.34, the stock may be overbought and due for a correction. The company's financials show a strong balance sheet with a debt-to-equity ratio of 0.156, indicating prudent financial management. In conclusion, while the stock has shown strong performance, investors should be cautious of potential overvaluation and monitor for potential corrections in the near future.
More about TE Connectivity Ltd
TE Connectivity Ltd is a technology company in the TRADE & SERVICES industry, specifically in the WHOLESALE-ELECTRONIC PARTS & EQUIPMENT sector. The company has a market cap of 43.91 billion and a P/E ratio of 13.52, indicating a relatively low valuation. The stock has shown a 2.33% increase in the last trading session, with a 10.52% return on equity. The Relative Strength Index (RSI) stands at 51.11, suggesting a neutral sentiment in the market. The stock has a 0.207 dividend yield and a market volume of 16.02 billion. The stock price is currently at 158.75, with a 3.617% change from the previous close. The market sentiment appears to be slightly bearish, with a negative change of -0.003. It's important to note the potential risks and uncertainties associated with these metrics, as past market behavior is not always a reliable indicator of future performance.
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