28.19 0.00 (0.00%)
After hours: 6:08PM EDT
|Bid||27.54 x 1000|
|Ask||28.18 x 800|
|Day's Range||28.09 - 28.50|
|52 Week Range||22.96 - 29.62|
|Beta (3Y Monthly)||0.42|
|PE Ratio (TTM)||13.82|
|Forward Dividend & Yield||1.04 (3.66%)|
|1y Target Est||N/A|
One of the biggest contributing factors for Donald Trump's electoral victory in 2016 was fear. Like a marketing expert, the then-real estate mogul tapped into underlying industrial blue-collar concerns about job displacement; hence, we heard topics such as coal that haven't been raised in quite some time. But the overriding reality is that nominally, nothing beats the service sector. Logically, then, you should consider adding services stocks to your portfolio.If you look at the numbers, it's not a foreign "other" that's creating a paradigm shift in the blue-collar workspace. Instead, the advent of technologies such as the internet, digitalization, and e-commerce have sparked massive opportunities in the service sector. According to the U.S. Census Bureau, this entire segment generated $15.5 trillion at the end of 2017. That alone is enough reason to justify pushing services stocks to buy.It's also quite telling that a majority of the sub-segments within the service industry are primarily white-collar occupations. Categories like information, finance and insurance, and even arts, entertainment, and recreation produced relatively strong single-digit revenue growth. On the other hand, areas such as utilities, and transportation and warehousing, suffered conspicuous declines.InvestorPlace - Stock Market News, Stock Advice & Trading TipsUnsurprisingly, economic components like the latter two categories are most at risk for automation. Of course, that represents a significant concern for the labor market. However, as an investor toward services stocks, automation can be a wonderful tool to maintain relevancy. * 7 Dependable Dividend Stocks to Buy Automation or not, the best part about the service sector is its broad reach. Unlike other lists of stocks to buy, you will almost surely find something to like.With that, here are seven services stocks to order up for the rest of the year. Ventas (VTR)Anytime you're pondering the best stocks to buy, you go where the demand is. In the case of healthcare real-estate investment trust Ventas (NYSE:VTR), no matter how advanced technology becomes, it can never replace the human element involved in senior-living provisions. Although this segment has been quite choppy in recent years, VTR stock shows significant fundamental promise.For one thing, we're on the cusp of a dramatic demographic shift. Following the end of World War II, people got, well, busy. That resulted in an unprecedented surge in population size. And because of this dynamic, we're seeing 10,000 Americans turn 65 years old daily. In a few more years, these individuals may consider senior-assisted living, which bolsters the case for VTR stock.Moreover, Ventas may organically benefit from political tailwinds. Developments within the Medicare Advantage program suggest that seniors will have greater access to federal funds for senior-care residential expenses. This implies a greater willingness to use senior services, which obviously assists VTR stock. Service Corporation (SCI)I love stocks that focus on the retirement sector. That said, no matter how much we take care of our seniors, they will eventually die. Given this inevitability, we have two choices: we can pretend that death won't affect us, or we can proactively strategize for it. Either way, you're going to die too. And this is the brutal investment thesis behind Service Corporation (NYSE:SCI) and SCI stock.Before we dive in, I must admit that I don't like buying into shares on a hot streak. Year-to-date, SCI stock is up nearly 19%, thus explaining my hesitancy. Moreover, SCI has exceeded its prior all-time high during the late 1990s. Plus, there are some rumblings about competition threatening the top players. With all that said, I'm long-term bullish. * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond As I mentioned earlier, it's a simple and brutal proposition. A recession - if it occurs - won't stop people from dying. Indeed, it might accelerate deaths nationwide. Cynically, this benefits SCI stock. Furthermore, we have a wave of humanity from the baby boom that will say their last goodbyes. I think there's more than enough "demand" to satisfy market players. H&R Block (HRB)We've all heard this adage: nothing is certain but death and taxes. In most cases in which this statement is uttered, it's a reflection of life's cruel inevitabilities. But for someone looking for viable services stocks to buy, it's a brilliant (and free) piece of advice. If you're squeamish about death care, you should try your hand at tax care with H&R Block (NYSE:HRB) and HRB stock.As my friend and InvestorPlace colleague Will Ashworth wrote, I see potential with HRB stock. Sure, it's a tough road. H&R Block doesn't have the greatest financials. And to Ashworth's countering arguments, the company faces competitive threats from fintech innovations. But with the massive shift toward the "gig economy," the demand for HRB's services will only rise.Plus, I have a quick word about fintech innovations. I'm a smart guy, but there are two things that drive me insane: deciphering healthcare policies and taxes. Last year, the tax code changed and it was a nightmare to finish my obligatory payments to Uncle Sam. That's a sentiment shared by many others. The point is, interacting with an app or program is the last thing I want to do on April 15.In other words, get me a human. Get me HRB stock. RCI Hospitality (RICK)When you invest, you really should adopt an agnostic viewpoint: you want to focus on the numbers and the broader fundamentals. With that in mind, when one of the best services stocks to buy is RCI Hospitality (NASDAQ:RICK).How do I describe the underlying business of RICK stock without triggering unwanted attention? Let's just say that RCI specializes in upscale rhythmic-gyration establishments. These are services that you've never advantaged, but you know many friends that do.All joking aside, the pulsating action that occurs here is serious stuff. You know what they say about the "intimacy" industry being recession-proof? Nothing is truly recession proof, of course, but this particular service performed remarkably well in the last major downturn. With questions sprouting about the current economy, this is a good reason to buy RICK stock. * 10 Stocks to Sell for an Economic Slowdown The other is that shares are on deep discount. On a YTD basis, RICK stock has lost nearly 19%. However, I don't see this lasting because of this sector's obvious demand base. Match Group (MTCH)When used correctly and safely, online dating is a wonderful experience for many reasons. Primarily, it's the culmination of the marriage between technology and tradition. After all, a successful outcome typically leads to expanded families and more humans on the earth.Secondly, online dating gives dorks like me a chance to do the latter. I have a special place in my heart for Match Group (NASDAQ:MTCH). But does that mean you should buy MTCH stock?The short answer is yes. Not because of my inability to engage with the opposite sex, but because millions of Americans apparently feel the same. According to the Pew Research Center, attitudes overall toward online dating has shifted positively. Naturally, this is especially true for the young demographic. Because millennials dominate the workforce, this is a key reason supporting MTCH stock.Another factor bolstering Match's inclusion among services stocks to buy is rising participation. Approximately 50 million Americans have tried online dating, and most of them are looking for relationships. It's safe to say that MTCH stock will remain relevant for a very long time. Uber (UBER)Source: Shutterstock Without hesitation, I would place Uber Technologies (NYSE:UBER) on any list of services stocks to buy. Because of the rise in technology and automation, we're at a unique time in human development. Companies are just now executing tech platforms that genuinely help the average person, rather than innovating for innovation's sake. Due to this one simple fact, I'm long-term bullish on UBER stock.By now, you've all heard of Uber and most likely use it on a frequent basis. But I didn't really understand the power of this innovation until I recently traveled to eastern Europe. Getting around in the former Soviet bloc is at times a tricky affair, especially if you're not a local. But with Uber, all critical operation occurred inside an intuitive app: I just needed to show up.And how could I trust this ride-sharing app in an unfamiliar part of the world? Simple: with Uber, you witness the free market working in real time. If an Uber driver wanted to deliberately harm me, guess what? That person is out of a job that they probably need. It's this ability to open up new doors is one of many reasons why I'm confident in UBER stock. MedMen Enterprises (MMNFF)Source: Shutterstock Decades from now, we'll look back and recognize green investments as one of the transformative services stocks to buy. No, I'm not talking about the environment, although that's important too. Rather, I'm talking about marijuana, which now that I think about it is part of the environment. So perhaps the cannabis industry is a win-win for everyone!Admittedly, that statement is a stretch. But I'm not joking about cannabis stocks to buy. Although they're going through a rough patch right now, I'm sure they'll recover. In the meantime, you can pick up great companies on discount. And if you're a true speculator, you should consider MedMen Enterprises (OTCMKTS:MMNFF) and MMNFF stock.Why MedMen? With recreational legalization trends gaining electoral steam, MedMen raced to the top tier among marijuana dispensaries. They specialize in a wide range of premium cannabis products from "botanicals" to edibles. And the emphasis on quality is what separates MMNFF stock from the run-of-the-mill dispensary.During the dark days, merely having access to weed was a plus. Now, with federal legalization probably on the horizon at some point, just having weed isn't enough; instead, you must have the good stuff. With MedMen establishing a premium brand in marijuana's nascent stage, I expect MMNFF stock to steadily move higher.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Best Stocks for 2019: A Volatile First Half * 7 Simple Ways for Young Investors to Invest Their First $1,000 * 6 Stocks to Buy Based on Insider Buying The post 7 Services Stocks to Buy for the Rest of 2019 appeared first on InvestorPlace.
H&R Block (HRB) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We'll show how you can use...
H & R Block Inc NYSE:HRBView full report here! Summary * Perception of the company's creditworthiness is positive * Bearish sentiment is high and has been increasing * Economic output in this company's sector is expanding Bearish sentimentShort interest | NegativeShort interest is high for HRB with between 15 and 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting HRB. Sentiment has worsened and traders added to their bearish short positions on July 5. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $5.37 billion over the last one-month into ETFs that hold HRB are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. HRB credit default swap spreads are decreasing and near the lowest level of the last three years, which indicates improvement in the market's perception of the company's credit worthiness.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.
At Insider Monkey we follow nearly 750 of the best-performing investors and even though many of them lost money in the last couple of months of 2018 (some actually delivered very strong returns), the history teaches us that over the long-run they still manage to beat the market, which is why it can be profitable […]
The company announced that it entered into an agreement to acquire Wave Financial, a small-business financial-solutions platform, for $405 million in cash. Despite Enphase’s significant move since 2017, up 13-fold since January 2017 and over 200% year to date (versus Nasdaq Composite at 18% YTD), we still see upside in the shares as the company is in the process of transforming from a widget (microinverters) supplier to a complete solution provider.
Moody's Investors Service ("Moody's") affirmed Block Financial LLC's (together with its indirect parent, publicly-traded H&R Block, Inc., "H&R Block" or "Block") senior unsecured rating at Baa3 and short term rating at Prime-3. On Tuesday, H&R Block announced it had agreed to acquire Wave Financial Inc. ("Wave") for $405 million. Cash from Block's balance sheet will be used to complete the purchase during fiscal 2020 and pay related fees and expenses.
Wednesday's 0.2% setback for the S&P 500 still wasn't enough to push it past the point of no return. But, anything remains possible at this point … good or bad. More than anything, traders are losing interest.Source: Allan Ajifo via Wikimedia (Modified)Teva Pharmaceutical (NYSE:TEVA) was a proverbial problem child, off more than 4% after a judge rejected its initial settlement offer to end an opioid liability case against the company. Chesapeake Energy (NYSE:CHK) was the bigger overall drag, falling more than 7%, mostly driven by industry pricing weakness. General Electric (NYSE:GE) helped keep the weakness to a minimum, up 1.5% as investors increasingly buy into the turnaround story. * 7 High-Quality Cheap Stocks to Buy With $10 None are great picks headed into Thursday's trading though. Rather, it's the stock charts of Philip Morris International (NYSE:PM), Twitter (NYSE:TWTR) and H & R Block (NYSE:HRB) that merit the closer looks.InvestorPlace - Stock Market News, Stock Advice & Trading Tips H & R Block (HRB)Shares of H & R Block are, in simplest terms, at a crossroads.The fact that HRB was able to recover and rebound after being on the verge of a pretty significant selloff (as recently as March) confirmed there's a rather significant floor around $23.65, plotted in blue on both stock charts. However, this week's action also confirms there's a major ceiling that stands in the way of higher highs. Although the stock could still fall on either side of the fence, with two years' worth of consolidation ready to be unleashed, the possible breakout thrust is worth a closer look. Click to Enlarge * The ceiling in question is, of course, the $29.20 level marked in red on both stock charts. That's around where H & R Block stock peaked several times since late 2017. * Although none of the other attempts to hurdle $29.20 have been effective, this one differs in that the last couple days have made big gains on big volume. * Perhaps the most bullish argument here isn't what is, but what isn't. The weekly chart's RSI indicator hasn't crept into overbought territory yet, leaving room for more upside before the profit-takers push back. Philip Morris (PM)With nothing more than a passing glance at Philip Morris, it looks as if it has averted trouble. And, perhaps it has. The weakness seen late last month has been quelled, with a technical support level taking shape around $76.70.This may only be a short pause before the selloff resumes again, however. One more misstep could push PM shares over that cliff's edge. * 10 Smart Dividend Stocks for the Rest of the Year Click to Enlarge * The way the highs and lows over the course of the past week and a half have made a pretty well-defined box shape is telling in itself. It could be considered a bearish continuation pattern that lets the sellers regroup. * The floor at $76.70 is more meaningful than the past few days would suggest. That same level was a key floor a trio of times in 2018, making it a more important support area now. * Still, until that floor actually fails to keep Philip Morris stock propped up, there's still a chance at a rebound. Twitter (TWTR)Several times earlier this year Twitter was featured as a budding bullish candidate. Although choppy, the fact that the buyers were repeatedly making an attempt to reclaim ground lost in the middle of last year was encouraging. The breakout move finally took shape in April, though in the worst possible way. That is, a huge gap was left behind; traders generally don't like to leave gaps unfilled.Sure enough, that gap was filled in the meantime, with last month's weakness. The spot with which the bounceback has taken shape, however, suggests a whole new trading range has been established that will serve as a Launchpad for the move to the next higher level. Click to Enlarge * All it took was a kiss of the gray 100-day moving average line in early June (highlighted) to close the gap left with April's surge. * This week so far, the purple 50-day moving average line and the blue 20-day moving average line have acted as a technical floor, holding TWTR above a key technical ceiling near $37.20, plotted in red. * The next level to watch is $42.14, where the upper boundary of July's bearish gap is found. * It's more readily evident on the weekly chart, but with the recent move higher, the old trading range between $35.80 and $26.25 has been left in the rearview mirror.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 * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Quality Cheap Stocks to Buy With $10 * 7 U.S. Stocks to Buy With Limited Trade War Exposure * 6 Growth Stocks That Could Be the Next Big Thing Compare Brokers The post 3 Big Stock Charts for Thursday: H & R Block, Twitter and Philip Morris appeared first on InvestorPlace.
The funds have been struggling to outperform, and have been bleeding billions of dollars in assets, thanks to their value-stock tilt.
Tax preparer H&R Block Inc . (NYSE: HRB ) reported earnings and revenue beats Tuesday, but sell-side analysts remained cautious, saying it’s early in the company’s turnaround process as it deals with a ...
H&R; Block CEO Jeff Jones said the fiscal year-end results showed gains in key areas, giving the company a lot to celebrate, but it has got to keep the momentum going.
are trading higher on Tuesday by 3.7% to $27.95 after the company reported its fourth-quarter results. It leaves shares just under range resistance near $28, causing many investors to wonder if H&R Block can push through this vital resistance level, triggering a multi-year breakout. Initially, shares pushed above this resistance mark, surging to $29.29 on the day.
H&R Block earnings for the company's fiscal fourth quarter of 2019 have HRB stock up on Tuesday.Source: Mike Mozart via FlickrH&R Block (NYSE:HRB) reported earnings per share of $4.29 for its fiscal fourth quarter of the year. This is down from the company's earnings per share of $5.42 from the same period of the year prior. However, it was a blessing to HRB stock by beating out Wall Street's earnings per share estimate of $4.14 for the quarter.The H&R Block earnings report for its fiscal fourth quarter of 2019 also includes net income of $877.91 million. The company's net income from its fiscal fourth quarter of 2018 was $1.14 billion.InvestorPlace - Stock Market News, Stock Advice & Trading TipsOperating income reported in the H&R Block earnings release for its fiscal fourth quarter of the year comes in at $884.77 million. That's a drop from the company's operating income of $1.15 billion reported during the same time last year.H&R Block earnings for its fiscal fourth quarter of 2019 have revenue coming in at $2.33 billion. This is a decrease from the company's revenue of $2.39 billion reported in its fiscal fourth quarter of the previous year. It was also a boon to HRB stock by coming in above analysts' revenue estimate of $2.32 billion for the period. * 7 Dark Horse Stocks Winning the Race in 2019 The H&R Block earnings report isn't the only good news for HRB stock today. The company has also announced that it is acquiring Wave Financial. It will be paying $405 million in cash for the company. HRB is expecting the deal to close in the next few months.HRB stock was up 1% as of noon Tuesday. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Dark Horse Stocks Winning the Race in 2019 * 6 Chinese Stocks to Sell That Are Suffering From a Digital Ad Slowdown * 4 Technology Stocks Blasting Higher As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post H&R Block Earnings: HRB Stock Pops on Q4 Beat, Wave Financial Deal appeared first on InvestorPlace.
on Tuesday reported better-than-expected fiscal fourth-quarter and full-year earnings, raised its dividend and announced it was acquiring Toronto-based Wave Financial for $405 million in cash. Shares of H&R Block were up 3.2% to $27.79 in trading Tuesday.
Shares of H&R Block Inc. surged 5.1% toward a 6-month high in premarket trade Tuesday, after the tax preparation services company reported fiscal fourth-quarter profit and revenue that beat expectations, boosted its dividend and announced the acquisition of Wave Financial Inc., a small-business financial solutions platform. Net income for the quarter to April 30 fell to $877.9 million, or $4.29 a share, from $1.1 billion, or $5.42 a share, in the year-ago period. The FactSet earnings-per-share consensus was $4.13. Revenue slipped to $2.33 billion from $2.39 billion, just above the FactSet consensus of $2.32 billion. For fiscal 2019, tax returns prepared by or through the company rose 1.5% to 20.3 million. The company raised its quarterly dividend by 4% to 26 cents a share, with the new dividend payable July 1 to shareholders of record on June 21. Based on Monday's stock closing price of $26.94, the new annual dividend rate implies a dividend yield of 3.86%, compared with the implied yield for the S&P 500 of 2.00%, according to FactSet. Separately, H&R Block said it extended its current stock repurchase program, which has $ billion remaining, by three years to June 2022. And the company said it was paying $405 million in cash for Wave Financial, to expand its product and client portfolio and enhance its position in the small-business market.
Kansas City-based H&R; Block Inc. once again will look to grow a small business solutions business, after agreeing to acquire Wave Financial Inc. for $405 million.