|Bid||112.10 x 20000|
|Ask||112.50 x 20000|
|Day's Range||111.36 - 111.36|
|52 Week Range||60.78 - 113.06|
|Beta (3Y Monthly)||0.31|
|PE Ratio (TTM)||51.32|
|Forward Dividend & Yield||0.12 (0.12%)|
|1y Target Est||N/A|
Heico gapped up after the aerospace/defense delivered strong earnings and guidance late Tuesday. Second straight quarter of accelerating earnings and sales growth.
Several defense stocks, including Lockheed Martin and Raytheon, are holding up better than the Dow Jones Industrial Average and making key moves.
Futures signaled new stock market correction lows. Software has been a bright spot, but Workday fell late on earnings. Soliton kept surging on the FDA's OK of its tattoo removal device.
Shares of Workday W seesawed in extended trading on Tuesday — jumping as much as 2% before falling more than 1% — after the software company reported better-than-expected first-quarter earnings. Inovio Pharmaceuticals INO stock plummeted as much as 11% after news broke that Astrazeneca, a pharmaceutical company, will discontinue its research collaborations with the biotech company. Refinitiv consensus estimates had projected earnings of 49 cents per share and net sales of $479.5 million.
Here's how and why the best-performing stocks in the industrial-goods sector made headway in the last year, and what to expect in the future.
Heico is the IBD Stock Of The Day as the aerospace parts supplier is still in buy range after strong earnings last month.
Beating the market now rests on a heavy dose of stock picking. "We wouldn't want passive exposure -- stock picking can add a lot of value," Amanda Agati, co-chief investment strategist for PNC Financial told TheStreet. Cloud pricing has not yet "commoditized," said David Miller, chief investment officer at Catalyst Funds, meaning that Microsoft can still charge higher prices for cloud services.
Aerospace parts supplier Heico topped fiscal first-quarter earnings and revenue forecasts late Tuesday and boosted its outlook.
Software sector name Adobe leads five top stocks to watch near buy points, along with Five Below stock, Heico stock, SS&C stock and Palo Alto stock.
Conventional wisdom says that insiders and 10 percent owners really only buy shares of a company for one reason -- they believe the stock price will rise and they want to profit from it. A DISH Network Corp (NYSE: DISH) executive vice president purchased added another 20,000 shares of this pay-TV provider early last week.
Heico Corp through its subsidiaries is engaged in manufacturing electronic equipment for the aviation, defense, space, medical, telecommunications and electronics industries throughout the United States and internationally. The dividend yield of Heico Corp stocks is 0.18%. Heico Corp had annual average EBITDA growth of 17.10% over the past ten years.
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