Good MorningEquity markets began the week on uncertain footing, falling from the previous week's high. The move is due to the increasing likelihood that high interest rates will remain in place until mid-year. The Fed needs to be certain that inflation is tamed, and cutting rates too soon would be a mistake. As it is, economic activity is barely contained; a rate cut at this point would accelerate inflation and put the Fed back into a rate-tightening posture.
This week will be dominated by earnings news. More than 100 S&P 500 companies, including names like Caterpillar and Disney, are slated to report. Caterpillar reported better-than-expected and sent its share price soaring, but profit-taking capped gains. Disney will report later in the week. It isn't expected to report much growth but may excite the market with news of turnaround and repositioning efforts. Featured: Free Stock Analysis Report: What's Your Stock Really Worth? (Vector Vest) 
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Markets | | | If you've ever opened a brokerage account, you've likely heard of options trading. Options trading continues to gain popularity since it enables synthetic directional positions where percentage gains and losses can fluctuate in the double and triple digits.
Options let you bet on the directio... Read the Full Story |
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Stocks | | |
I hope you're the type of investor who will sit down and do the homework required to come out as a winner in the financial markets. When you do, you'll notice that the big guys at places like The Goldman Sachs Group (NYSE: GS) and other respectable investment houses generate their ideas through a ... Read the Full Story |
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Markets | | | Shares were mixed Tuesday in Asia, where Chinese stocks surged after a government investment fund said it would step up stock purchases and a report said leader Xi Jinping had met with officials to discuss the markets. Oil prices rose and U.S. futures were mixed. Bloomberg reported that Xi was brief... Read the Full Story |
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From Our PartnersAmericans now consider gold a better long-term investment than stocks for the first time since 2013. But physical gold requires storage and insurance, and gold mining stocks come with significant risks. Fortunately, investors have found a little-known way to benefit from gold that avoids many of these challenges. | | | | See why investors are so impressed by this overlooked gold investment strategy. |
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Markets | | | A Chinese state investment fund promised to expand its purchases of stock index funds, among other moves signaling Beijing’s resolve to stabilize markets that have been sagging under heavy selling pressure from a property crisis and slowing economy. Shares in Shanghai and Hong Kong surged Tuesday af... Read the Full Story |
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Stocks | | |
PepGen Inc. (NASDAQ: PEPG) is a clinical-stage biotech focused on developing therapies for rare neuromuscular and neurological genetic diseases like Duchenne muscular dystrophy (DMD). PepGen utilizes its proprietary enhanced delivery oligonucleotide (EDO) platform to create a pipeline of disease-m... Read the Full Story |
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Markets | | |
If you’re a car owner, there’s a good chance you’ve been to a Driven Brands Holdings Inc. (NASDAQ:DRVN) shop.
As North America’s largest automotive services provider, the Charlotte-based company services 70 million vehicles each year at its more than 4,800 service ce... Read the Full Story |
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Markets | | | Discover the results of a survey unveiling the top 10 future industries for a $10,000 investment in 2024. From Artificial Intelligence to Renewable Energy, explore the key findings, implications, and the societal shift towards forward-looking investments that promise to shape our future. Read the Full Story |
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Markets | | | UBS on Tuesday reported a fourth-quarter pretax loss of more than $750 million as the Swiss banking giant continued to integrate its longtime rival Credit Suisse after a government-orchestrated merger. The Zurich-based lender reported losses before tax of $751 million in the quarter, which included ... Read the Full Story |
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Markets | | | Turkey has seen its fifth central bank leader depart in as many years as Hafize Gaye Erkan, the first woman in the top role, stepped down after just eight months in the job.She announced her resignation late Friday after recent claims of nepotism emerged in local media, allegations that Erkan, a for... Read the Full Story |
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Markets | | | After three years of exceptional sales growth, McDonald's appears to be returning to Earth.The Chicago burger giant said Monday it expects its same-store sales — or sales at locations open at least a year — to rise 3% to 4% this year, which is in line with historical averages. That's down from doubl... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day ServiceNow, Inc. provides end to-end intelligent workflow automation platform solutions for digital businesses in the North America, Europe, the Middle East and Africa, Asia Pacific, and internationally. The company operates the Now platform for end-to-end digital transformation, artificial intelligence, machine learning, robotic process automation, process mining, performance analytics, and collaboration and development tools. It also provides asset management, cloud observability, integrated risk management; information technology (IT) service management applications; IT service management product suite for enterprise's employees, customers, and partners; strategic portfolio management product suite; IT operations management product that connects a customer's physical and cloud-based IT infrastructure; IT asset management; and security operations that connects with internal and third party. In addition, the company offers integrated risk management product to manage risk and resilience; environmental, social and governance management product; human resources, legal, and workplace service delivery products; customer service management product; and field service management applications. Further, the company provides app engine product; automation engine; platform privacy and security product; and source-to-pay operations. It serves to government, financial services, healthcare, telecommunications, manufacturing, IT services, technology, oil and gas, education, and consumer products through service providers and resale partners. The company was formerly known as Service-now.com and changed its name to ServiceNow, Inc. in May 2012. ServiceNow, Inc. was founded in 2004 and is headquartered in Santa Clara, California. | Should I Buy ServiceNow Stock? NOW Pros and Cons Explained
These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of ServiceNow was last updated on Friday, January 10, 2025 at 4:48 PM.
Pros-
ServiceNow, Inc. recently reported earnings per share (EPS) of $3.72, surpassing analysts' expectations of $3.46, indicating strong financial performance and effective management.
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The company achieved a revenue of $2.80 billion for the last quarter, exceeding the forecast of $2.75 billion, showcasing its robust growth trajectory.
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ServiceNow, Inc. has a market capitalization of $221.20 billion, reflecting its significant size and stability in the information technology sector.
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The current stock price is $1,073.77, which is near its 52-week high of $1,157.90, suggesting strong investor confidence and potential for further appreciation.
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Analysts have given a consensus recommendation of "Moderate Buy," with a majority rating the stock as a buy, indicating positive sentiment among market experts.
Cons-
The stock has a high price-to-earnings (P/E) ratio of 166.99, which may indicate that it is overvalued compared to its earnings, potentially leading to a price correction.
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ServiceNow, Inc. has a relatively high price-to-earnings-growth (PEG) ratio of 6.43, suggesting that the stock's price may not be justified by its growth rate, which could deter value-focused investors.
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Despite strong revenue growth, the company's net margin stands at 12.77%, which may raise concerns about profitability compared to competitors in the sector.
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Institutional investors hold 87.18% of the company's stock, which could lead to volatility if large investors decide to sell their positions.
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With a beta of 0.99, the stock's price movements are closely aligned with the market, indicating that it may not provide the diversification benefits that some investors seek.
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