For Immediate Release
Chicago, IL – July 15, 2020 – Zacks Equity Research Shares of YETI Holdings, Inc. YETI as the Bull of the Day, Express, Inc. EXPR asthe Bear of the Day. In addition, Zacks Equity Research provides analysis on Align Technology, Inc. ALGN and Tesla, Inc. TSLA.
Here is a synopsis of all four stocks:
Bull of the Day:
YETI Holdings designs and distributes consumer outdoor and recreational products under the popular YETI brand. Its line-up is made for activities like hunting, fishing, and camping, and includes premium coolers, drinkware, waterproof and everyday bags, and other outdoor gear.
Q1 Earnings Recap
Back in May, YETI reported first-quarter earnings and revenue that beat the Zacks Consensus Estimate.
Net sales increased 12% to $174 million, while EPS came in at $0.10 per share. Gross margin expanded 370 basis points.
Its direct-to-consumer net sales surged 29% to $79.6 million
In the latest trading session, Amkor Technology (AMKR) closed at $11.96, marking a -1.89% move from the previous day. This change lagged the S&P 500’s daily loss of 0.94%. At the same time, the Dow added 0.04%, and the tech-heavy Nasdaq lost 2.13%.
Coming into today, shares of the chip packaging and test services provider had gained 9.72% in the past month. In that same time, the Computer and Technology sector gained 5.46%, while the S&P 500 gained 0.02%.
Investors will be hoping for strength from AMKR as it approaches its next earnings release. In that report, analysts expect AMKR to post earnings of -$0.02 per share. This would mark year-over-year growth of 50%. Meanwhile, our latest consensus estimate is calling for revenue of $1.05 billion, up 17.32% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.70 per share and revenue of
We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not always available for the general crowd. This doesn’t mean that they don’t have occasional colossal losses; they do. However, it is still a good idea to keep an eye on hedge fund activity. With this in mind, let’s examine the smart money sentiment towards Marvell Technology Group Ltd. (NASDAQ:MRVL) and determine whether hedge funds skillfully traded this stock.
Hedge fund interest in Marvell Technology Group Ltd. (NASDAQ:MRVL) shares was flat at the end of last quarter. This is usually a negative indicator. The level and the change in hedge fund popularity
Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds’ and successful investors’ positions as of the end of the first quarter. You can find articles about an individual hedge fund’s trades on numerous financial news websites. However, in this article we will take a look at their collective moves over the last 4.5 years and analyze what the smart money thinks of Seagate Technology plc (NASDAQ:STX) based on that data and determine whether they were really smart about the stock.
Seagate Technology plc (NASDAQ:STX) investors should pay attention to a decrease in hedge fund interest lately. STX was in 32 hedge funds’ portfolios at the end of March. There were 35 hedge funds in our database with STX holdings at the end of the previous
The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds’ and investors’ portfolio positions as of March 31st, a week after the market trough. Now, we are almost done with the second quarter. Investors decided to bet on the economic recovery and a stock market rebound. S&P 500 Index returned almost 20% this quarter. In this article you are going to find out whether hedge funds thoughtSpotify Technology S.A. (NYSE:SPOT) was a good investment heading into the second quarter and how the stock traded in comparison to the top hedge fund picks.
Spotify Technology S.A. (NYSE:SPOT) was in 40 hedge funds’ portfolios at the end of March. SPOT investors should be aware of an increase in support from
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