|Bid||0.00 x 1400|
|Ask||0.00 x 800|
|Day's Range||61.02 - 62.21|
|52 Week Range||56.73 - 83.35|
|Beta (3Y Monthly)||1.15|
|PE Ratio (TTM)||17.65|
|Forward Dividend & Yield||0.80 (1.10%)|
|1y Target Est||N/A|
Today we'll take a closer look at Cognizant Technology Solutions Corporation (NASDAQ:CTSH) from a dividend investor's...
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Cognizant Technology Solutions Corp NASDAQ/NGS:CTSHView full report here! Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for CTSH with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting CTSH. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding CTSH totaled $5.42 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
An impressive April jobs reports drove a big bullish end to last week, but it's possible the market was ripe for a rally anyway. When all was said and done, the S&P 500 ended the day up 0.96%, closing just shy of its record-best close made on Tuesday.Source: Allan Ajifo via Wikimedia (Modified)Amazon (NASDAQ:AMZN) did more heavy lifting than another stock. Shares of the e-commerce giant were up more than 3% following news that Warren Buffet's Berkshire Hathaway began building a position in AMZN during the first quarter. Smaller United States Steel (NYSE:X) actually logged the much bigger gain, however, gaining 17.1% in response to what can only be characterized as an incredible first quarter.Although few and far between, there were some losers. Cognizant Technology Solutions (NASDAQ:CTSH) was one of them, falling more than 11% after falling short of last quarter's earnings estimates and then offering lackluster guidance.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Vice Stocks to Spice Up Your Portfolio As the new trading week gets going, however, it's the stock charts of Celgene (NASDAQ:CELG), Mylan (NASDAQ:MYL) and American Airlines Group (NASDAQ:AAL) that are worth the closest look. Mylan (MYL)With nothing more than a quick glance, Mylan looks like it's still stuck in the same downtrend it has been stuck in since March 2018. And, maybe that's the case. Since December, however, MYL stock hasn't made a lower low. That may be a hint that, at the very least, the bulls are trying to set up a recovery move. They're doing so with the wind at their back. Click to Enlarge * Mylan has now made a triple-bottom, using the $26 level as the technical floor. That line is plotted in red on both stock charts. * The volume behind the past couple of bullish swings had been decidedly bullish, leading to last week's Chaikin line cross back above zero. * The path ahead for the bulls isn't an easy one. Not only are there two separate straight-line ceilings, plotted in blue and yellow on both stock charts, but each of those potential resistance levels is also bolstered by a nearby moving average line. American Airlines Group (AAL)The last time we looked at American Airlines on April 11, it was only toying with the idea of a break above an established resistance line. Since then, it has happened. It was ugly and erratic, and far from convincing, but it happened.Last week's renewal of that effort could be longer-lived though, and finish the job of getting the recovery effort going in earnest. The make-or-break line is not only close, but a familiar one that could prove inspirational to would-be buyers. * 10 Tech Stocks to Buy Now for 2025 Click to Enlarge * The first part of the rebound effort was and still is a move above the falling resistance line that tags all the key peaks since September. That ceiling is plotted with a yellow dashed line on both stock charts. * While the straight-line resistance has been cleared, the big 200-day moving average line plotted in white on both stock charts has not yet been hurdled. The bulls keep getting closer though. * Setting the stage for the second (and maybe third or fourth) breakout effort is a triple bottom around $30, plotted in red on both stock charts. * The volume behind the bullish thrusts hasn't been impressive, but it may improve if and when the 200-day moving average line is cleared. Celgene (CELG)Finally, in normal circumstances, chart gaps are a problem. The market doesn't like to leave them unfilled, and will seemingly make a point of reversing a perfectly good trend to close them up.Celgene shares could wind up being an exception to that, however, particularly after Friday's impressive run that for a while didn't look like it was going to happen. (On the other hand, it's possible Friday's surge was the final head-fake CELG stock needs to offer before lowering the boom in unsuspecting buyers.) Click to Enlarge * The compelling clue here is last week's push above $95.50, plotted with a yellow dashed line on both stock charts. The stock topped there in September and early April, but finally broke through on Friday. * Despite the gaps, note that the progressive rallies since February both pushed up and off moving average lines. That underscored the bullish thesis. * The weekly chart puts things in perspective. Although technical overbought since January's pop, there's still a huge piece of last year's loss to reclaim. * Still, there's a decent-sized gap from late March and a huge one from January that could already be beckoning the stock back. Any rally could be readily pressured.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Energy Stocks to Buy to Light Up Your Portfolio * 10 Vice Stocks to Spice Up Your Portfolio * 7 of the Best ETFs to Buy for a Slowing Economy Compare Brokers The post 3 Big Stock Charts for Monday: American Airlines Group, Mylan and Celgene appeared first on InvestorPlace.
Stocks rose in a broad-based rally, with Monster Beverage reporting double-digit growth and Cognizant tumbling after a disappointing quarter.
tumbled 12.8% to $58.09 Friday after the information technology services company missed Wall Street's first-quarter earnings expectations and cut its full-year outlook. The Teaneck, New Jersey-based company said net income was $441 million compared with $520 million a year ago. Cognizant said it expects current-quarter revenue in the range of $4.16 billion and $4.20 billion, short of Wall Street's call for $4.29 billion in revenue.
Cognizant Technology Solutions Corp. bulls ran for the hills on Friday, after the company missed on earnings and revenue the prior afternoon and saw its new chief executive "essentially walk away from the company's financial targets that were provided to the street back in November 2018," according to Wedbush analyst Moshe Katri. That dynamic, along with ongoing restructuring plans, prompted Katri to downgrade shares of the IT services company to neutral from outperform on Friday. He also removed the stock from his firm's best ideas list. Katri was one of at least eight analysts tracked by FactSet who cut their ratings on the stock. Another, Oppenheimer's Glenn Greene, wrote that the company was possibly "kitchen-sinking" its outlook when it cut its prior revenue forecast by more than $600 million, but he sees uncertainty ahead as far as Cognizant's revenue and profitability trajectory. Greene cut his rating on the stock to perform from outperform. Shares are down 10.6% in midday trading Friday, and they're off 6.2% so far this year. The S&P 500 has risen 17% in that time.