|Bid||34.41 x 1100|
|Ask||34.42 x 800|
|Day's Range||34.27 - 35.29|
|52 Week Range||18.58 - 36.58|
|Beta (3Y Monthly)||2.07|
|PE Ratio (TTM)||18.45|
|Forward Dividend & Yield||1.00 (2.84%)|
|1y Target Est||N/A|
Xerox (XRX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
A million bucks in liquid assets puts a household into pretty elite company these days.Once you strip out the value of real estate like the family home, employer-sponsored retirement plans and business partnerships, only 6.2% of American households qualify as actual millionaires. To clarify, that means they have at least $1 million in investable assets. Examples of investable assets include cash, stocks, bonds and funds, among a bunch of other types of investments and financial products.In raw numbers, 7,698,765 out of America's 123,942,960 total households have at least a million dollars in investable assets, according to Phoenix Marketing International (PMI), a firm that tracks the affluent market.Most of these millionaire households are found in and around big cities such as New York, Los Angeles and Chicago - just as you would expect. But some millionaires prefer to avoid the hustle and bustle of major metropolises. Indeed, pockets of millionaires can be found in some far-flung places.PMI annually ranks 933 urban areas, large and small, based on the percentage of millionaire households in each location. The following list of cities is limited to Census Bureau-defined metropolitan areas with populations of at least 50,000.By PMI's reckoning, the following 13 metro areas boast the highest concentrations of millionaire households in the U.S. SEE ALSO: 25 Small Towns With Big Millionaire Populations
Moody's Japan K.K. has changed to stable from negative the outlook on FUJIFILM Holdings Corporation, and has affirmed the company's A1 issuer rating. "The stable outlook reflects FUJIFILM Holdings' credit profile stabilizing as margins recover from the restructuring of its document business and successful diversification into healthcare," says Takashi Akimoto, a Moody's Assistant Vice President and Analyst. FUJIFILM Holdings' reported operating margin improved to 8.6% in the fiscal year ended March 2019 (fiscal 2018) from 5.1% in fiscal 2017, when the company incurred one-time restructuring losses.
We are now about halfway through 2019, and stocks are broadly having their best year in over two decades. Year-to-date, the S&P 500 is up about 18%, marking the biggest first-half return for the index since 1997.After such a record rally through the first half of 2019, investors should naturally have a few questions. Namely, which sectors of the market are driving the market higher? Why? Will these first half 2019 winners turn into second half 2019 winners, too, or will they flop into the end of the year? * 10 Best Stocks to Buy and Hold Forever Let's answer those questions and more by taking a deep look into the market's top 10 sectors of 2019 so far, seeing why those sectors have been so hot and analyzing whether they can stay that way into the end of the year.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Top Market Sectors of 2019: PHLX Housing Index (HGX)Source: Shutterstock YTD Gain: 30.86%Housing stocks have been the hottest stocks in the record 2019 market rally, with a year-to-date gain of 30%.The rationale here is pretty simple. In late 2018, housing stocks were killed on a double headwind of slowing economic expansion and rising rates, which simultaneously meant consumers were less willing and able to buy a home. But, in 2019, the U.S. economy has broadly stabilized, and rates have dropped substantially, meaning consumers are both more willing and able to buy a home now than they were back in late 2018.The result? Consumers are buying homes again, and housing stocks -- which were priced for death in late 2018 -- have come roaring back. Homebuilders D.R. Horton (NYSE:DHI), PulteGroup (NYSE:PHM) and Lennar Group (NYSE:LEN) are all up more than 20% year-to-date, while peer homebuilder LGI Homes (NYSE:LGIH) is up more than 50% year-to-date.Can the big rally in housing stocks continue? Probably. The Federal Reserve is now seriously considering cutting rates, which means mortgage rates will remain lower for longer. The U.S. consumer economy is simultaneously stabilizing, while the labor market remains healthy. That combination ultimately implies healthy housing market conditions going forward, which should support further strength in housing stocks. S&P 500 Information Technology (SRIT)Source: Shutterstock YTD Gain: 27.7%The second best-performing market sector in 2019 has been the S&P 500 information technology sector, with a year-to-date rally in excess of 25%.The story here is pretty simple. Information technology stocks have been all the craze for several years now. Because of that, info tech stocks had run up to sky high valuations in 2018. But, when rates started aggressively rising in late 2018 and economic expansion started fading, that created a double headwind for richly valued info tech stocks. Consequently, while the market dropped 20% in late 2018, info tech stocks dropped further (25%).But, as the economy has stabilized in 2019 and the Fed has stepped to the sidelines, the double headwind which killed info tech stocks in late 2018, has turned into a double tailwind in 2019. Consequently, info tech stocks have rallied in a big way. Year-to-date, some of the biggest winners in this sector have been Xerox (NYSE:XRX), Advanced Micro Devices (NASDAQ:AMD), and Cadence Design Systems (NASDAQ:CDNS), all of whom have registered 60%-plus year-to-date gains. * 10 Defense Stocks to Buy During Rising Geopolitical Tensions Can the red hot rally continue? Probably. Low rates are favorable for longer duration assets, and many of the stocks in the info tech sector are longer duration assets. As such, so long as rates remain low and growth remains good, the info tech sector should push higher. PHLX Semiconductor Index (SOX)Source: Shutterstock YTD Gain: 26.9%Semiconductor stocks are narrowly behind information technology stocks in terms of 2019 performance, which are also up more than 25% year-to-date.The story in the semiconductor world is all about the trade war. In late 2018, semiconductor stocks plunged big as trade tensions escalated and threatened to accelerate an already naturally slowing global semiconductor market.The PHLX Semiconductor Index dropped 25% off its highs in late 2018. Then, in 2019, trade tensions cooled, global growth stabilized, and the outlook for semiconductor demand to improve over the next several quarters gained visibility. As all that happened, semiconductor stocks bounced back in a big way. Some of the headline gainers include Qualcomm (NASDAQ:QCOM), Micron (NASDAQ:MU), NXP Semiconductors (NASDAQ:NXPI) and Texas Instruments (NASDAQ:TXN), all of whom are up more than 20% year-to-date.This rally should persist, but at a more tempered pace. It seems increasingly likely that a trade deal between the U.S. and China will be reached in the foreseeable future. If so, that will further assist a demand recovery in the semiconductor market, which should help propel semiconductor stocks higher. But, demand headwinds remain - the smartphone and PC markets are drying up - and inventories remain elevated.Thus, going forward, you have a mix of headwinds and tailwinds here. Ultimately, that means semi stocks should head higher. But, at a more moderate pace. Nasdaq 100 (IUXX)Source: Shutterstock YTD Gain: 23.9%Large cap tech stocks have led the stock market rally for the past decade. It should be no surprise, then, that large cap tech stocks have similarly been among the hottest stocks in 2019 as the market has rallied to new highs.Year-to-date, the Nasdaq 100 - comprised mostly of large cap tech stocks - is up nearly 21%. AMD and Cadence Design Systems have been among the top gainers in this group. The other top gainers from the Nasdaq 100 include MercadoLibre (NASDAQ:MELI), Synopsys (NASDAQ:SNPS), IDEXX Laboratories (NASDAQ:IDXX), Lululemon (NASDAQ:LULU), and Facebook (NASDAQ:FB). All of those stocks are up more than 45% year-to-date. * 7 Restaurant Stocks to Put on Your Plate Much like info tech stocks, large cap tech stocks are long duration assets boosted by a low rate environment. Thus, so long as rates remain low and economic growth globally remains healthy, large cap tech stocks should continue to outperform. S&P 500 Consumer Discretionary (SRCD)Source: Shutterstock YTD Gain: 22.6%The fifth hottest market sector of 2019 has been the consumer discretionary sector, which is up more than 20% year-to-date on the back of reinvigorated consumer confidence.Consumer confidence and sentiment took a big hit in 2018 as everyone and their best friend were hearing that a big recession was coming. In 2019, though, the U.S. labor market has remained healthy, global economic conditions have improved, and the Fed has stepped in and said they are willing to do what it takes to keep this economic expansion alive. As such, all that recession chatter from late 2018, has died in early 2019, and consumers have once again opened their wallets.The result? A big rally in consumer discretionary stocks. Chipotle Mexican Grill (NYSE:CMG) tops the list of hot 2019 consumer discretionary stocks, with a near 70% year-to-date gain. But, it's not alone. Under Armour (NYSE:UAA), Ulta Beauty (NASDAQ:ULTA), and eBay (NASDAQ:EBAY) are all up more than 40% year-to-date.Can the rally continue? Most likely, yes. In the big picture, pretty much everyone who wants a job, has one, wages are going up, borrowing costs are moving lower, the household savings rate is relatively high, and consumer households aren't that levered. Overall, then, the U.S. consumer looks strong. So long as that remains the case, consumer discretionary stocks should head higher. Nasdaq Composite (NASX)Source: Shutterstock YTD Gain: 22.5%It's not just large cap tech stocks which are in on the 2019 stock market rally. All tech stocks were invited to this party, and the Nasdaq Composite index is up more than 20% year-to-date.The story here is nearly identical to the large cap story. Slowing economic growth and rising rates created a double headwind for these growth-centric, long duration assets in late 2018. But, as growth has stabilized in 2019 and rates have gone lower, that double headwind has turned into a double tailwind. Tech stocks have jumped in response. Among the big gainers are ArQule (NASDAQ:ARQL), Array Biopharma (NASDAQ:ARRY), Ziopharm Oncology (NASDAQ:ZIOP), and Roku (NASDAQ:ROKU), all of whom are up more than 200% year-to-date. * 7 Stocks on Sale the Insiders Are Buying Similar to the rally in large cap tech stocks, the rally in all tech stocks should persist so long as growth conditions remain favorable, the secular pivot into technology consumption remains in play, and rates remain low. S&P 500 Industrials (SRIN)Source: Shutterstock YTD Gain: 20.3%As the economy and market have rebounded in 2019, it should be no surprise that the economically-sensitive industrials sector has similarly rebounded to the tune of a 19% year-to-date gain.As goes the U.S. economy, so go U.S. industrial stocks. That's just how it works when you sell the sort of stuff that big corporations and consumers buy a lot of when the music is playing, and don't buy a lot of when the music stops playing. In late 2018, there was a serious concern that the music of the U.S. economy was going to stop playing soon. Industrial stocks got hit hard. But, in early 2019, the music has picked back up, and as it has, industrial stocks have rebound. The biggest year-to-date gainers in this sector include Copart (NASDAQ:CPRT), Arconic (NYSE:ARNC), Fortune Brands Home & Security (NYSE:FBHS), and Jacobs Engineering (NYSE:JEC).The rally in industrials will likely be more muted going forward. Improving conditions converged on depressed sentiment in the first half of 2019 to spark a big near 20% rally across the sector. But, those conditions will likely stabilize now, not improve, while sentiment is no longer depressed. Thus, going forward, you have stable growth and normal sentiment. That combination should work. But, not as well as the combination of depressed sentiment and improving growth. S&P 500 Growth (IGX)Source: Shutterstock YTD Gain: 22.2%The growth trade has come back to life in 2019 thanks to lower rates and stabilizing global economic conditions, and this dynamic has powered a near 19% year-to-date gain in the S&P 500 growth sector.Leading the charge are the big name tech stocks, like Facebook, Microsoft (NASDAQ:MSFT), Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOG), Netflix (NASDAQ:NFLX), Visa (NYSE:V), and Mastercard (NYSE:MA). All of those stocks have recorded big year-to-date gains because low rates have supported their rich valuations, while stabilizing economic trends have supported their secular growth trajectories. * 7 One-Stock Portfolios for Passive Investors This dynamic will persist for the foreseeable future. Big name growth stocks will continue to outperform so long as rates remain low and growth remains good. Right now, the outlook is for the Fed to cut rates, and for global GDP growth to run in the 2-3% range for the next several years. That combination will ultimately produce strong returns in growth stocks. S&P 500 Real Estate (SRRE)Source: Shutterstock YTD Gain: 18.2%Similar to the housing sector, the real estate sector has been on a tear in 2019 thanks to falling interest rates supporting more favorable buying conditions across the entire housing market.The only difference here is that the real estate sector is broader than the housing sector. The housing sector focuses more on homebuilders, whereas the real estate sector is broader and comprises any and all stocks that have a connection to the real estate world. Naturally, the broader constituency base has diluted the real estate sector's return profile relative to the housing sector's return profile in 2019.Still, the S&P 500 real estate sector is up more than 18% year-to-date. That's a big gain. Can it continue? Yes. Much like housing stocks, there are two things at play here: the U.S. economy, and rates. Both of those factors are moving in a favorable direction for the real estate market. So long as they continue to do so, real estate stocks should continue to move higher. S&P 500 Communication Services (SRTS)Source: Shutterstock YTD Gain: 19.9%Last on this list of the market's top 10 sectors of 2019 is the S&P 500 communication services sector, with a year-to-date gain narrowly above 17%.Communication services stocks are essentially just tech stocks, with a communication angle. For example, Facebook, Netflix, Twitter (NYSE:TWTR), Disney (NYSE:DIS), and Electronic Arts (NASDAQ:EA) are all in the communication services space, and those are basically just tech stocks with a communication angle. These stocks have been in rally mode in 2019 mostly because low interest rates have supported their rich valuations, while steady economic growth has supported their robust growth trajectories. * 7 Penny Marijuana Stocks That Are NOT Cheap Stocks Broadly, so long as interest rates remain low, the global economy remains stable, and consumers continue to pivot towards internet-based consumption, communication services stocks like Facebook, Netflix, Twitter, Twitter, and Electronic Arts should stay in rally mode.As of this writing, Luke Lango was long LGIH, QCOM, LULU, FB, EBAY, ROKU, AMZN, GOOG, NFLX, V, TWTR, DIS and EA. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Best Stocks to Buy and Hold Forever * 10 Small-Cap Stocks That Look Like Bargains * 10 Names That Are Screaming Stocks to Buy The post The Top 10 Best Sectors in the Market for 2019 appeared first on InvestorPlace.
The stock market is partying in 2019 more than it has in over 20 years. We are coming into the end of June, and the S&P 500 is up more than 17% year-to-date. That's the biggest year-to-date gain through June for the S&P 500 since 1997, when stocks were up 21% year-to-date in mid-June.For what its worth, that first half 1997 rally in stocks continued into the back half of the year. Through the last six months of 1997, the S&P 500 rose another 8%, finishing the year with a record 30%-plus gain.In other words, we are a little over halfway through 2019, and stocks are on track to have their best year in over 20 years. That's pretty wild, considering in late 2018, financial markets globally were grappling with recession fears.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNonetheless, now feels like an appropriate time to take a look at the stocks which are leading this record 2019 stock market rally. Which S&P 500 stocks have notched the biggest year-to-date gains through mid-June? As is always the case, it's not who you would guess. * The 7 Best Dow Jones Stocks to Buy for the Rest of 2019 With that in mind, let's take a look at the top seven performing S&P 500 stocks of 2019 thus far. Best Performing S&P 500 Stocks of 2019: Coty (COTY)Source: Shutterstock YTD Gain: 105%Beaten up global beauty giant Coty (NYSE:COTY) has staged a huge turnaround rally in 2019 -- a rally big enough to make COTY stock the S&P 500's best performing stock year-to-date through mid-June.The recovery rally was kick-started in early February when the company reported a surprise double-beat quarter that caused shares to rally in a big way. A few days thereafter, German conglomerate Jab Holding Co offered to purchases 150 million shares of Coty at a purchase price of $11.65. That pushed COTY stock -- which was trading below $10 at the time -- even higher. Since then the company has reported another "good enough" earnings report, which has kept COTY stock in rally mode.Can COTY stock stay in rally mode? Most signs point to yes. The global economic situation is starting to improve after a late 2018 slowdown.Coty's numbers and operational trends are also improving. Insiders are buying the stock. The valuation remains reasonable at 19 times forward earnings. Big turnaround plans are due to be announced on July 1. Broadly, there's still a lot to like about COTY stock, and all those favorable conditions should keep this stock in rally mode. Xerox (XRX)Source: Zack Seward via Flickr (Modified)YTD Gain: 78%The second-best-performing S&P 500 stock of 2019 thus far is another dark horse turnaround company, Xerox (NYSE:XRX).Document management systems company Xerox has been stuck in a multi-year decline. Now, management is finally doing something about it. They are reorganizing the company, looking to shed non-core assets, driving cost savings throughout the business, stabilizing top-line trends and putting the focus back on innovation. Most of these initiatives are working. The company has topped profit estimates in a big way in each of the past two quarters as margins are substantially improving. Investors have rallied around these profit improvements, and XRX stock is up nearly 80% year-to-date. * 6 Stocks Ready to Bounce on a Trade Deal Will the rally continue? Not until revenue trends reverse course. The valuation is cheap at about 9-times forward earnings. But that low multiple has been the average valuation for this stock over the past several years. Margins are improving, so that warrants a higher valuation. However, revenue trends remain depressed, and depressed revenue trends do not warrant a higher valuation. Thus, until they reverse course, it's tough to see XRX stock staying on a winning trajectory. Chipotle Mexican Grill (CMG)Source: Shutterstock YTD Gain: 71%Coming in third is Mexican fast casual eatery Chipotle Mexican Grill (NYSE:CMG).The huge 70%-plus year-to-date gain in CMG stock can be attributed almost entirely to new management. The new team came to Chipotle in 2018 and implemented a series of growth initiatives ranging from expanding the digital delivery business to revamping the menu to rolling out new marketing strategies. All of those initiatives have come together to spark a healthy recovery in Chipotle's traffic, sales, margin and profit trends.The result? A huge bounce-back rally in what was a very beaten up CMG stock.Can the stock keep marching higher in the back half of 2019? I'm not convinced. I still think the macro-trends aren't as good as they used to be for Chipotle. Namely, the health food craze has shifted from Mexican-style burritos and bowls in the mid-2010's, to acai bowls, superfood cafes, poke, and various other non-burrito-related meals in the late 2010's. Thus, I doubt unit performance levels and margins will return to peak levels, and the inability to do so will ultimately short-circuit this big rally in CMG stock. Cadence Design Systems (CDNS)YTD Gain: 65%Slotting in at fourth, we have electronics design giant Cadence Design Systems (NASDAQ:CDNS) with a 65% year-to-date gain through June.CDNS stock has rallied in a big way in 2019 as the secular bull thesis has gained traction, credence, and visibility through back-to-back double-beat-and-raise earnings report, both of which comprised low double-digit revenue growth and healthy margin expansion. Analysts raised price targets in response to both reports, and the stock has consequently been in rally mode all year long. * 7 Value Stocks to Buy for the Second Half Will Cadence stock stay in rally mode for the rest of the year? I'm not convinced. Valuation is now an issue for this stock. At 32-times forward earnings, CDNS stock is trading at its biggest forward earnings multiple in several years. Throughout 2018, the stock traded at or below 25-times forward earnings. To be sure, growth is good (low double-digit revenue growth with steady margin expansion). But that good growth profile seems fully priced in here and now. As such, further upside seems limited by an already stretched valuation. Advanced Micro Devices (AMD)Source: Shutterstock YTD Gain: 65%Last year, chip company Advanced Micro Devices (NASDAQ:AMD) was the best-performing S&P 500 stock. AMD is following up that record 2018 performance with another strong year in 2019.With a 65% year-to-date gain, AMD stock is the fifth-best-performing S&P 500 stock in 2019 thus far. The driver of the out-performance? The same thing that drove out-performance in 2018: relentless market share expansion.The global central processing unit (CPU) and graphics processing unit (GPU) markets are huge -- big enough to support a $210 billion market cap for Intel (NASDAQ:INTC) on the CPU side, and a $100 billion market cap for Nvidia (NASDAQ:NVDA) on the GPU side. AMD is a small player in this market, with a market cap just under $32 billion. But through faster-than-peer product innovation, it is rapidly winning share from Intel and Nvidia, and in so doing, becoming an increasingly large and important CPU and GPU company.Will AMD stock stay in rally mode? In the long term, yes. The present outlook is for AMD to continue to steal market share from Nvidia and Intel over the next several years. That share expansion, in a market supported by healthy growth drivers, should drive robust revenue and profit growth at AMD, the sum of which should drive AMD stock higher. But, in the near term, valuation friction is a problem for AMD stock, and prices well above $30 don't seem justified just yet. MSCI (MSCI)YTD Gain: 62%The sixth-best-performing S&P 500 stock of 2019 is investment analysis solutions provider MSCI (NYSE:MSCI), with a 62% year-to-date gain.The big rally in MSCI stock in 2019 can be attributed to the company's continued success in its transformation to a high-margin, recurring revenue subscription business. MSCI has reported back-to-back strong earnings reports in 2019, both of which underscore that the subscription business is growing nicely and that margins have potential to move higher in medium-to-long-term. Investors have celebrated those results and pushed MSCI stock materially higher over the past six months. * 5 Stocks to Buy for $20 or Less Is MSCI stock due for another big run in the back half of 2019? Unlikely. This is a good growth company that is benefiting from big data and analytics tailwinds. But, the growth trajectory isn't that robust. Organic revenues rose less than 10% last quarter, while subscription revenues rose just 10%. Margins have potential to move higher, but they are already pretty high, and further upside is fairly limited. As such, you are probably looking at a mid-teens profit grower here. MSCI stock trades at 33 times forward earnings. That's a big multiple for mid-teens profit growth -- almost too big -- meaning valuation friction will prevent MSCI stock from heading much higher in the near term. Anadarko Petroleum Corp (APC)Source: Bureau of Safety and Environmental Enforcement via FlickrYTD Gain: 61%Last, but not least, on this list of the S&P 500's best performing stocks of 2019 thus far is Anadarko Petroleum Corp (NYSE:APC), with a 61% year-to-date gain.The driver behind APC stock's big 2019 gain? A bidding war between Chevron (NYSE:CVX) and Occidental Petroleum (NYSE:OXY). Chevron came in and offered to buy Anadarko for $65 per share. Given the huge premium and obvious synergies, it seemed like a done deal. Then news broke that prior to that buyout offer being announced, Anadarko and Occidental had been in mergers and acquisitions talks, with the price tag in those talks hovering in the $70's. Shortly after those reports, Occidental pulled the trigger on a cash-and-stock deal for Anadarko which, at the time, valued APC at $76 per share. Net net, a bidding war between Occidental and Chevron drove APC stock up more than 60% this year.Will APC stock stay in rally mode? Probably not. The latest update is that Anadarko management views the Occidental offer as superior to the Chevron offer, and that Chevron won't boost its offer. The Occidental offer, which is a cash and stock offer, pegs the takeover value of APC stock at about $70. That's where APC stock trades today. Thus, further acquisition-driven upside in APC stock seems muted.As of this writing, Luke Lango was long INTC and NVDA. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * The 7 Best Dow Jones Stocks to Buy for the Rest of 2019 * 5 Boring Stocks to Buy This Summer * 7 S&P 500 Stocks to Buy With Little Debt and Lots of Profits Compare Brokers The post 7 Top S&P 500 Stocks of 2019 (So Far) appeared first on InvestorPlace.
As the S&P 500 hits new high, we have presented a bunch of stocks that have easily led the way gaining more than 45%, and will continue to outperform heading into the second half.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
The SEC’s record-tying fine against KPMG for the PCAOB ‘steal the exam’ scandal was expected, but additional allegations that some senior partners in charge of public company audits also cheated on regulator-mandated training and compliance tests was a surprise.
Investing in small cap stocks has historically been a way to outperform the market, as small cap companies typically grow faster on average than the blue chips. That outperformance comes with a price, however, as there are occasional periods of higher volatility. The last 8 months is one of those periods, as the Russell 2000 […]
Xerox Corp NYSE:XRXView full report here! Summary * Perception of the company's creditworthiness is neutral * 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 XRX 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 XRX. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding XRX totaled $5.86 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 swap | NeutralThe current level displays a neutral indicator. Although XRX credit default swap spreads are decreasing, they remain near their highest levels of the last 3 years, which indicates the market's more negative 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.
Two printer industry giants, HP Inc. (NYSE: HPQ ) and Xerox Corporation (NYSE: XRX ), announced Tuesday an expansion of their business relationship. What To Know The new arrangement will mean Xerox will ...
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Xerox (XRX) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Activist investor Carl Icahn added to his stake in Conduent Inc. after the chief executive announced his retirement last week, according to a filing with the Securities and Exchange Commission. The business-services company, which was spun off into its own entity after Icahn engaged in a battle with previous owner Xerox Corp. , saw shares spin nearly 40% lower in a single session last week, after its CEO resigned while offering a poor quarterly earnings report. According to a filing with the SEC, Icahn immediately began adding to his position the day after that decline, May 10, and purchased nearly 4 million shares at an average price of $8.35 for a total stake of nearly 29 million shares, or 13.7% of the company. Icahn affiliate Michael Nevin left Conduent's board in April and issued a public letter condemning other directors as well as CEO Ashok Vemuri, who is resigning. Conduent shares gained 2.8% to $8.52 Monday.
Former Aetna CEO Ron Williams says Ursula Burns will be key to the company's public company success.
It was back and forth all day long on Wednesday, but when all was said and done, neither side could make a solid commitment. The S&P 500's loss of 0.16% left it at 2,879.42, or right in the middle of its daily range. A key technical floor remains intact.Source: Allan Ajifo via Wikimedia (Modified)The modest day for the market doesn't mean all stocks saw modest moves. Chesapeake Energy (NYSE:CHK) popped more than 3%, shrugging off a first-quarter revenue miss when all other metrics came in strong. Match Group (NASDAQ:MTCH) rallied a little more than 12% thanks to last quarter's impressive subscriber growth.At the other end of the spectrum, Tripadvisor (NASDAQ:TRIP) tumbled more than 11% on Wednesday, while ADT (NYSE:ADT) fell almost as much. Last quarter's decline in the number of unique visitors at Tripadvisor's sites spooked investors, and ADT booked a surprising loss during Q1.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Great Stocks to Buy on Dips None of those names are particularly great trading setups headed into Thursday's trading though. Rather, it's the stock charts of Vornado Realty Trust (NYSE:VNO), Xerox (NYSE:XRX) and Cboe Global Markets (BATS:CBOE) that offer the most potential. Here's why, and what to look for. Cboe Global Markets (CBOE)Cboe Global Markets may have gotten a slow start to the year, but things perked up in a big way last month. In fact, the big move carried CBOE stock above a couple of key lines that so far appear to be catalytic. And the budding uptrend was confirmed last week when the bears tried to quell the rally but the bulls held the line right where they should have. Click to Enlarge * Since late last year, Cboe Global Markets shares were squeezed into the tip of a converging wedge pattern that finally broke in April via the move above resistance levels of $98.44 and $99.52. * The cross above the white 200-day moving average line last month petered out, but when CBOE stock peeled back last week, the 200-day moving average became a springboard to push the rally to higher highs. * Zooming out to the weekly chart we can see this rally effort was built up gradually, leading to a bullish MACD cross as well as the Chaikin line's cross above zero. The slow pace of these clues means the advance is sustainable. Vornado Realty Trust (VNO)It arguably has more to do with REITs in general than Vornado Realty Trust in particular. Nevertheless, there's a budding downtrend in the works that's actually just part of a longer-term downtrend. One more slip-up could push VNO over the edge of the cliff, so to speak, and a few too many of the most telling signs are saying the chart is fighting a losing battle. * 7 Tips for New Investors Young and Old Click to Enlarge * The line in the sand is $65.88, plotted in yellow on both stock charts. That floor touches all the key lows since March, including yesterday's low. * The sellers are starting to come out of the woodwork too, in earnest. The volume behind the selling was seen in just the past few days and it is well above average … more may be waiting to see if things are going to worsen. * Fueling the weakness is repeated resistance at the white 200-day moving average line. Each recent instance is highlighted in blue. Traders have good reason for their doubts. Xerox (XRX)Finally, Xerox had a great showing during the first four months of the year, but it may have traveled too far, too fast. Now feeling the weight of that big advance, cracks are starting to form. A key floor has yet to snap, but other important support levels have already crumbled. And, traders' interest has turned bearish … not just waning bullishness. Click to Enlarge * As of Wednesday, XRX is back at a near-term support line that lines up all the lows since March. That's plotted in white on the daily chart. * Traders are starting to take profits in earnest too. Within the past three weeks, the highest volume days have not only been bearish ones, that volume has been above average. * Although not yet under straight-line support, Wednesday's weakness dragged Xerox below the purple 50-day moving average line. That's a start to a pullback.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 Dangerous Dividend Stocks to Stay Far Away From * 7 Tips for New Investors Young and Old * 10 Great Stocks to Buy on Dips Compare Brokers The post 3 Big Stock Charts for Thursday: Xerox, Cboe Global Markets and Vornado Realty Trust appeared first on InvestorPlace.