|Bid||0.00 x 2200|
|Ask||0.00 x 800|
|Day's Range||30.97 - 31.91|
|52 Week Range||18.58 - 35.18|
|Beta (3Y Monthly)||2.16|
|PE Ratio (TTM)||17.15|
|Forward Dividend & Yield||1.00 (3.00%)|
|1y Target Est||N/A|
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.
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 Corp NYSE:XRXView full report here! Summary * Perception of the company's creditworthiness is negative * ETFs holding this stock are seeing positive inflows but are weakening * 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 and may be weakening. The net inflows of $691 million over the last one-month into ETFs that hold XRX are among the lowest of the last year and appear to be slowing. 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 | NegativeThe current level displays a negative indicator with a weakening bias over the past 1-month. XRX credit default swap spreads are rising towards above average levels for the past 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 firstname.lastname@example.org.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.
The review by the Manhattan U.S. attorney’s office was disclosed by Icahn Enterprises LP in a quarterly government filing. The firm already had revealed that prosecutors had requested information in September 2017 about Icahn’s activities related to the government’s renewable-fuels standards and his role as a presidential adviser. Icahn Enterprises said it complied with the prosecutor’s requests, according to a quarterly earnings report published Thursday.
When you evaluate dividend stocks, what do you typically look at? Chances are, dividend yield is a big part of the equation, though many investors also know to look at dividend growth. But what about dividend health?Dividend stocks with risky, difficult-to-sustain payouts can be a drag on retirement portfolios. For one, companies that no longer have the financial means to grow the dividend likely are struggling to grow the business, which may be reflected in weak stock returns. Plus, if a dividend is slowly growing or stagnant, it loses purchasing power to inflation every year, essentially become worth less and less over time. The worst-case scenario - a dividend cut - could leave you without much-needed retirement income.Dividend health clearly matters. But how do you measure it?One emerging solution is the DIVCON system from exchange-traded fund provider Reality Shares. DIVCON - the first forward-looking dividend health methodology - measures payout sustainability based on several fundamental factors that include earnings growth, free cash flow (how much cash companies have left over after they meet all their obligations), money spent on buybacks and even the Altman Z-score - a metric that helps determine a company's likelihood of a bond default or bankruptcy. The result is a score between 1 and 5: DIVCON 5 indicates a very healthy dividend with a high likelihood of future growth, while DIVCON 1 indicates a shaky income foundation that implies little to no growth - and even the risk of a dividend cut.Here are five dividend stocks with risky payouts, according to the DIVCON system. All five stocks have DIVCON 1 or DIVCON 2 scores. Let's explore what specifically makes these dividends look shaky. SEE ALSO: 17 Retailers at Risk of Defaulting or Going Bankrupt
Xerox Corp. shares were inactive in premarket trading Thursday after the company topped earnings estimates and raised its full-year profit forecast but came in a bit shy on first-quarter revenue. The company reported net income or $133 billion, or 55 cents a share, compared with $23 million, to 8 cents a share, in the year-ago period. Adjusted earnings per share rose to 91 cents from 68 cents a year earlier and came in ahead of the FactSet consensus estimate, which called for 80 cents. Xerox's revenue fell to $2.2 billion from $2.4 billion for the first quarter, whereas analysts had been predicting $2.3 billion. Xerox raised its 2019 full-year adjusted EPS outlook to $3.80 to $3.95. The company had previously been forecasting $3.70 to $3.80. Shares have gained 71% so far this year, as the S&P 500 has risen 17%.
Strong earnings pushed the S&P 500 to a record Tuesday. The comeback is led by the technology sector, the first group to put 2018's year-end drop behind it and the best performer among S&P 500 sectors with a nearly 37% gain since Christmas Eve. Oil and gas company Hess is the biggest winner in the S&P 500, rebounding more than 85% from its December low.
Out of thousands of stocks that are currently traded on the market, it is difficult to identify those that will really generate strong returns. Hedge funds and institutional investors spend millions of dollars on analysts with MBAs and PhDs, who are industry experts and well connected to other industry and media insiders on top of that. Individual investors can piggyback […]
By Noel Randewich SAN FRANCISCO (Reuters) - Technology stocks are extending their leadership on Wall Street as the S&P 500 trades near its all-time high, with Advanced Micro Devices Inc , Xilinx Inc and ...
The stock market had a really good start to 2019. To kick things off, the S&P 500 rose nearly 8% in January, its best January performance since 1987. Things didn't slow much thereafter. The S&P 500 rose 3% in February (tenth February best since 1987), and 2% in March (fifteenth best March since 1987). All in all, the S&P 500 finished the first quarter of 2019 up more than 13%. That's good enough to be the stock market's best Q1 performance in over twenty years.It goes without saying that the market's best first-quarter performance in more than two decades was accompanied by a handful of S&P 500 stocks that have staged huge year-to-date rallies. Indeed, as I've noted before, 2019 has had more breakout stocks than we've seen in years prior. That's mostly a function of two things:1) Stocks are on fire. 2) Growth is back.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBy that reasoning, growth stocks are doubly on fire! Indeed, to make the cut as one of the six best-performing S&P 500 stocks in Q1, a stock had to gain more than 50% in the quarter. No easy feat. That means through the first three months of 2019, there were six S&P 500 stocks that gained more than 50%. * 15 Stocks to Buy Leading the Financial Charge Which stocks belong in that group? Why did they stage such monster rallies? Will they keep rallying?Let's answer those questions by taking a closer look at the six best-performing S&P 500 stocks in a record first quarter for the S&P 500. Best-Performing S&P 500 Stocks of Q1: Coty (COTY)Source: Shutterstock YTD Gain: 72%How It Got Here: Global beauty giant Coty (NYSE:COTY) was the beneficiary of two big catalysts in the first quarter of 2019. First, the company reported a robust double-beat earnings report in early February that caused shares to rally in a big way. Second, just a few days thereafter, German conglomerate Jab Holding Co offered to purchases 150 million shares of Coty at a purchase price of $11.65. At the time, COTY stock was changing hands below $10. Consequently, COTY stock has since rallied closer to the proposed $11.65 purchase price.Where It's Going Next: COTY stock has more room to run higher in 2019. The stock has fallen flat over the past two months because Coty management has been reviewing the JAB tender offer. But, considering JAB is already a 40% holder of Coty stock, this offer will likely go through. Once it does, COTY stock will move higher for three reasons:1) The stock is still below the $11.65 tender offer price. 2) New money brings in new confidence. 3) The stock is still pretty cheap at just 17-forward earnings. Xerox (XRX)Source: Shutterstock YTD Gain: 67%How It Got Here: The big 2019 rally in document management systems company Xerox (NYSE:XRX) can be attributed to three things. First, there was a big selloff leading into 2019, wherein XRX stock dropped 30% in less than a month.Second, the company reported strong fourth-quarter earnings in late January 2019, which largely underscored that the 30% selloff in late 2018 was unwarranted. Third, buyout talk has kept shares on a solid uptrend ever since the strong Q4 report.Where It's Going Next: After the near 70% year-to-date rally, XRX stock is now trading at levels that are historically normal. The stock is back at a low $30s price tag, which has roughly served as a ceiling for the stock over the past five years. * 7 Breakout Stocks to Watch in 2019 Meanwhile, the valuation is at 9x forward earnings, which is essentially the norm for where this stock has traded over the past several years. As such, further upside isn't compelling. It seems XRX stock used all its firepower to get back to normal, and that there isn't much left in the tank to power further gains in 2019. Chipotle (CMG)Source: Shutterstock YTD Gain: 64%How It Got Here: The long overdue turnaround in fast-casual Mexican eatery Chipotle (NYSE:CMG) is finally here. New management came in around a year ago, and they have since flawlessly executed on some very important growth initiatives, including expanding the digital business, revamping the menu and rolling out a nationwide advertising campaign.All of these initiatives have worked. Comparable sales growth and traffic trends have improved meaningfully, and those improvements have allowed for concurrent margin improvements, too. CMG stock has consequently soared over the past year, and the rally hasn't slowed in 2019.Where It's Going Next: At this point in time, CMG stock is the most expensive restaurant stock I have ever seen, and on that basis alone, further gains in the stock seem unlikely in the near future. To be sure, the long-term fundamentals here are healthy. But, this is a very competitive space, and no company in the fast-casual business flawlessly executes for that long. Chipotle has been flawlessly executing for a year. They are due for a hiccup. When that hiccup happens, the stock will drop in a big way. Xilinx (XLNX)Source: Shutterstock YTD Gain: 52%How It Got Here: All semiconductor stocks have been in rally mode in 2019, amid broad improvements across the global semiconductor industry (demand has firmed up thanks to global economic stabilization, supply is dropping due to aggressive Q1 clearing, and trade and FX headwinds have become less severe).Among the biggest gainers in that group in 2019 has been Xilinx (NASDAQ:XLNX), mostly due to the company's robust double-beat-and-raise third-quarter earnings report at the end of January, which confirmed the aforementioned semiconductor market improvements.Where It's Going Next: It seems like all the good news is already priced into XLNX stock. To be sure, there's a lot of good news right now for semis, but at such a rich valuation (33x forward earnings), it's tough to see the stock heading meaningfully higher in the foreseeable future. * 7 Stocks From Around the World That Beat U.S. Stocks Instead, while earnings may grow over the next several quarters, today's stretched multiple will likely fall back, and that combo will lead to decent but not substantial gains in the stock. Arista Networks (ANET)Source: Shutterstock YTD Gain: 52%How It Got Here: Cloud networking giant Arista Networks (NYSE:ANET) has been on fire in 2019 ever since the company reported a beat-and-raise Q4 earnings report in mid-February.Broadly speaking, that report largely confirmed that cloud spending trends remain favorable even in a slowing global economy. The implication? The late 2018 selloff in ANET stock was way overdone. Analysts upgraded the stock. Investors bought the stock. ANET soared.Where It's Going Next: Arista is a long term winner powered by secular growth trends in cloud service adoption and spend, currently growing revenues at a 30%-plus rate, with gross margins that are healthily north of 60%. Right now, investors get all of that for just 34x forward earnings, which isn't a bad multiple for a 30%-revenue grower with broad exposure to the cloud. As such, this rally doesn't seem like it's over just yet. The multiple is stable here, and earnings will keep growing at a robust rate, so further gains in the stock seem likely through the balance of 2019. Stericycle (SRCL)Source: DaveBleasdale via FlickrYTD Gain: 52%How It Got Here: The big 2019 rally in waste removal giant Stericycle (NASDAQ:SRCL) can be chalked up to one thing: the stock simply got way too cheap in late 2018. Amid slowing economic growth concerns and a financial market meltdown, SRCL stock tumbled from $75 early in 2018, to $34 by late 2018, bringing the forward earnings multiple on the stock to 7.5 (versus a five-year average forward multiple of 19). Strong quarterly numbers in early 2019 confirmed that these late 2018 fears were overblown. The valuation has since normalized, and the stock has soared.Where It's Going Next: It looks like SRCL stock can head higher from here. This is a stable business with a large moat that is providing solutions of enduring and sustainable value. Growth going forward won't be big, but it will be stable, much like it has been for the past several years. * 8 Best Stocks to Buy for an April Rally During that stretch, SRCL stock traded at 19x forward earnings. Today, the forward multiple is around 15. Consequently, there's reason to believe the stock isn't done rallying just yet.As of this writing, Luke Lango did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks From Around the World That Beat U.S. Stocks * 7 Breakout Stocks to Watch in 2019 * 5 Cheap Small-Cap Stocks to Buy Compare Brokers The post Should You Buy Q1's 6 Best-Performing S&P 500 Stocks? appeared first on InvestorPlace.
The S&P 500 soared 13.1% in the first quarter, its best start to a year since 1998. The index also notched its biggest one-quarter gain since the end of the Great Recession.
U.S. equities are skidding sideways on Wednesday as traders worry about the volatility being seen in the bond market, with long-term Treasury yields on the slide once more. This is a strong recession signal, raising fears that the Federal Reserve did permanent damage with its rate hike campaign.With the S&P 500 still hanging around the 2,800 level, as the Dow Jones Industrial Average remains near the 26,000 level, investors are understandably getting impatient. What a perfect time to reconsider the benefits of dividend stocks, which literally pay you to wait for the market to resume its upward march.I screened for cheap dividend stocks that are showing some upward movement, trading above their 50-day moving average, with a 3% or higher dividend yield, positive earnings growth, and a reasonable price-to-earnings and price-to-sales valuation.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 F-Rated Stocks to Sell in This Narrow Market Here are five to dividend stocks watch: Ford (F) Click to Enlarge Source: Shutterstock Ford (NYSE:F) shares look ready to break up and out of a consolidation going back to October as F inches closer to its 200-day moving average. Ford stock carries a 6.9% dividend yield and trades at a price-to-sales multiple of just 0.2. The company is in the midst of changing its product lineup to focus on electrified vehicles, SUVs and trucks including an upcoming Mustang-inspired electric SUV.The company will next report results on April 24 after the close. Analysts are looking for earnings of 26 cents per share on revenues of $36.53 billion. When the company last reported on Jan. 23, earnings of 30 cents per share matched expectations on a 0.5% rise in revenues. Principal Financial Group (PFG) Click to Enlarge Source: Shutterstock Shares of Principal Financial Group (NASDAQ:PFG), an asset management firm, are in the midst of a consolidation range near its 200-day moving average. Watch for a rise off of its 50-day moving average to return shares to levels not seen since October for a 20% move from here. The stock provides a 4.3% dividend yield and trades at a price-to-sales ratio of just 1. * 10 Tech Stocks With Key Products That Face an Uncertain Future The company will next report results on April 30 after the close. Analysts are looking for earnings of $1.25 per share on revenues of $3.68 billion. When the company last reported on Jan. 29, earnings of $1.11 missed estimates by 18 cents on revenues of $3.5 billion. The Gap (GPS) Click to Enlarge Source: Shutterstock Shares of Gap (NYSE:GPS) have been stabilizing and showing signs of life since management announced it would spin off its popular Old Navy brand into a separate corporate entity. The stock carries a 3.7% dividend yield and trades at 0.6 price-to-sales multiple.The company will next report results on May 30 after the close. Analysts are looking for earnings of 33 cents per share on revenues of $3.8 billion. When the company last reported on Feb. 28, earnings of 72 cents per share beat estimates by 3 cents on a 3.2% drop in revenues. Fidelity National Financial (FNF) Click to Enlarge Source: Shutterstock Shares of Fidelity National Financial (NYSE:FNF) are breaking out of a three-month consolidation below its 200-day moving average, pushing back to levels not seen since October. An extension to its October high would be worth a further 10% gain from here. The stock carries a 3.3% dividend yield and trades at a 1.3 price-to-sales multiple. * 7 SaaS Stocks to Buy for Long-Term Gains The company will next report results on May 15 after the close. Analysts are looking for earnings of 40 cents per share on revenues of $1.65 billion. When the company last reported on Feb. 13, earnings of 63 cents per share missed estimates by 5 cents on a 14.3% decline in revenues. Xerox (XRX) Click to Enlarge Source: Shutterstock Shares of Xerox (NYSE:XRX) are consolidating their post-December uptrend and look ready for a resumption of upward momentum as buyers contend with overhead resistance from its 2017 and 2018 highs. The company recently shrugged off of a downgrade by analysts at Standpoint Research. The stock trades at a forward price-to-earnings multiple of less than 8 and carries a 3.1% dividend yield.The company will next report results on April 30 before the open. Analysts are looking for earnings of 85 cents per share on revenues of $2.32 billion. When the company last reported on Jan. 29, earnings of $1.14 beat estimates by 12 cents on a 7.8% decline in revenues.As of this writing, William Roth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Tech Stocks With Key Products That Face an Uncertain Future * 7 SaaS Stocks to Buy for Long-Term Gains * 5 Semiconductor Stocks That Are Scorching Hot Buys Compare Brokers The post 5 Cheap Dividend Stocks to Buy Now appeared first on InvestorPlace.