Good MorningIt was another day and another all-time high for the S&P 500. NVIDIA stock led the rally, climbing over 4%. The market also got a boost from China stocks, which are climbing due to aggressive stimulus efforts announced by the Chinese government.
But the gains didn’t come easily. The index was lower in morning trading after a lower-than-expected reading on consumer confidence. The reading of 98.7 was down from the 105.7 posted in August, marking the sharpest one-month decline in three years.
Investors are also digesting bearish comments from JP Morgan’s CEO Jamie Dimon, who cited geopolitical instability as his biggest caution for markets. It’s another reminder that inflation could accelerate, which would increase recession concerns.
However, for now, it’s just another brick in the wall of worry that investors are climbing. That may change when the latest reading of the PCE index comes out on Friday. A higher-than-expected number could stoke recession fears. Featured: The Department of Defense Expands it Drone Capabilities (The Tomorrow Investor) |
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Investors can save a lot of money and even boost their potential returns when they realize that there is one major difference between a stock and a business. Apple Inc. (NASDAQ: AAPL) might be an amazing business and brand, but if its stock is too high or volatile, it won’t make for a good i... Read the Full Story |
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Stocks | | U.S. stocks drifted to more records Tuesday after Chinese stocks soared following a slew of moves by the Chinese central bank to prop up the world’s second-largest economy. The S&P 500 rose 0.3% to set an all-time high for the 41st time this year. The movements were tentative, though, and the in... Read the Full Story |
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Markets | | If you’re coaching a football team, you might instruct your players that being aggressive will prevent your opponent from dictating the terms of the game. But if you’re an investor, being aggressive isn’t always the best way to reach your goals. Aggressive trading might sound like ... Read the Full Story |
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Markets | | A China-led rally faded Wednesday, leaving Asian shares mixed after a strong start that extended gains overnight on Wall Street. Chinese property developers surged after Beijing announced a flurry of measures the day before aimed at reviving the housing market after a prolonged downturn. That news a... Read the Full Story |
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Markets | | Developing economies in Asia are forecast to grow at a 5.0% annual pace this year, helped by a strong U.S. economy and surging demand for computer chips that power artificial intelligence, the Asian Development Bank said in a report Wednesday.The forecast was revised upward slightly from the ADB's A... Read the Full Story |
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Biohaven Ltd. (NYSE: BHVN) has taken center stage in the biopharmaceutical sector after releasing positive results from its Phase 3 clinical trial for troriluzole, a drug being developed to treat spinocerebellar ataxia (SCA). This rare and debilitating neurodegenerative disease currently lacks F... Read the Full Story |
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Tech | | The U.S. Justice Department has filed an antitrust lawsuit against Visa, alleging that the financial services behemoth uses its size and dominance to stifle competition in the debit card market, costing consumers and businesses billions of dollars.The complaint filed Tuesday says San Francisco-based... Read the Full Story |
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Markets | | American consumers are feeling less confident this month as concerns about jobs rose significantly.The Conference Board, a business research group, said Tuesday that its consumer confidence index fell to 98.7 in September, from 105.6 in August. It was the biggest month-to-month decline since August ... Read the Full Story |
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Novo Nordisk (NYSE: NVO) took a hit on its stock price last week after it received bad news on one of its in-development treatments. At the same time, shares of big and small competitors rallied as a result. This included firms like Eli Lilly (NYSE: LLY) and Structure Therapeutics (NASDAQ: GPCR)... Read the Full Story |
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When it comes to the advanced graphical processing units (GPUs) that are powering the AI revolution in data centers, there really are only two games in town: NVIDIA (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD). Both make GPUs used to do the complex computational work required for AI and... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Ferguson plc distributes plumbing and heating products in the United States and Canada. It offers plumbing and heating solutions to customers in the residential, commercial, civil/infrastructure, and industrial end markets. The company also provides expertise, solutions, and products, including infrastructure, plumbing, appliances, fire, fabrication, and others, as well as heating, ventilation, and air conditioning products under the Ferguson brand name. In addition, it supplies pipes, valves, fittings, plumbing supplies, water and wastewater treatment products, and refrigeration products under Wolseley brand name. Further, the company provides after-sales support comprising warranty, credit, project-based billing, returns, maintenance, repair, and operations support. It sells its products through wholesale distributors, supply houses, retail enterprises, and online. Ferguson plc was founded in 1953 and is headquartered in Wokingham, the United Kingdom. | Should I Buy Ferguson Stock? FERG 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 Ferguson was last updated on Thursday, September 19, 2024 at 10:42 PM.
Pros-
Ferguson plc has consistently shown strong financial performance with a PE ratio of 22.46, indicating potential for solid returns relative to the stock's price.
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The company has a debt-to-equity ratio of 0.64, suggesting a balanced approach to financing its operations which can lead to stability and growth.
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Recent quarterly earnings results have exceeded analyst expectations, with Ferguson reporting $2.98 earnings per share for the quarter, beating estimates by $0.12.
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Ferguson plc has a dividend payout ratio of 34.54%, indicating a commitment to rewarding shareholders with regular dividend payments.
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The company's share buyback plan to repurchase $1.00 billion in outstanding shares signals confidence in the company's value and potential for future growth.
Cons-
The stock's price-to-earnings-growth ratio of 6.13 may indicate that the stock is currently overvalued relative to its growth prospects, potentially limiting future gains.
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While the company has a strong market cap of $41.50 billion, the recent trading volume of 2,093,853 shares compared to the average volume of 1,180,238 may suggest lower investor interest or liquidity concerns.
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Although Ferguson plc has a solid return on equity of 36.89%, the beta of 1.21 indicates higher volatility compared to the market average, which could lead to increased risk for investors.
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The company's revenue of $7.95 billion during the last quarter fell slightly short of analyst estimates, potentially signaling challenges in meeting revenue expectations.
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With a 1-year high of $225.63 and a 1-year low of $147.62, the stock's price volatility may pose risks for investors seeking stable returns.
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