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The Zacks Analyst Blog Highlights Globe Life, Dell, Dream Finders Homes, Flywire and Iqiyi
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For Immediate Release
Chicago, IL – April 17, 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Globe Life Inc. (GL - Free Report) , Dell Technologies (DELL - Free Report) , Dream Finders Homes Inc. (DFH - Free Report) , Flywire Corp. (FLYW - Free Report) and Iqiyi Inc. (IQ - Free Report) .
Here are highlights from Tuesday’s Analyst Blog:
5 Top-Ranked Large-Cap Stocks to Buy Cheap
After a solid first quarter, Wall Street lost its sheen in the past couple of weeks on inflation worries and escalation in geopolitical tensions. The S&P 500 broke below the 5,100 level after capping the worst week since October 2023. All 11 major sectors in the S&P 500 closed in negative territory last week for the first time since September 2023.
Meanwhile, the Dow Jones suffered its biggest weekly percentage loss since March 2023, shedding 2.5%, while the Nasdaq Composite Index declined 0.6%. While many stocks have been hit badly over the past week, a few of them, with a solid Zacks Rank #1 (Strong Buy) or #2 (Buy) and a VGM Score of B or better, offer a good entry point. These are Globe Life Inc., Dell Technologies, Dream Finders Homes Inc., Flywire Corp. and Iqiyi Inc. You can see the complete list of today’s Zacks #1 Rank stocks here.
Iran launched a barrage of missiles and drones on Israel over the weekend, heightening fears of a wider conflict in the Middle East. The conflict will lead to a spike in oil prices, which could flare up inflation, leading the Fed to go slow on rate cuts. Additionally, the bouts of upbeat economic data point to a stronger economy, dialing back expectations for rate cuts in the first half of this year.
Retail sales increased more than expected and consumer prices accelerated at a faster-than-expected pace in March, pushing inflation higher and dashing hopes that the Fed will be able to cut interest rates anytime soon. This has outlined the case for longer-than-expected higher rates.
Major bank earnings failed to impress Wall Street, leading to a broad decline in major bank shares last week. The three major banks — JPMorgan Chase & Co, Citigroup and Wells Fargo — disappointed investors. JPMorgan’s net interest income came in below analysts' expectations. Wells Fargo reported a 7% drop in profits, following a decline in net interest income caused by poor borrowing demand, while Citigroup experienced a loss following expenses on employee termination and deposit insurance.
Stocks to Buy
Globe Life (formerly known as Torchmark Corporation) is an insurance holding company for a group of insurance companies that primarily market individual life and supplemental health insurance to lower-middle to middle-income households throughout the United States. The stock has plunged 45.5% in the past week. Globe Life has an estimated earnings growth rate of 8.92% for this year and a Zacks Rank #2. It has a VGM Score of B.
Dell Technologies is a leading provider of servers, storage and PCs. It offers secure, integrated solutions that extend from the edge to the core to the cloud. The stock has lost about 11% in a week. Dell Technologies has an estimated growth rate of 7.15% for the fiscal year (ending Jan 2025). It currently has a Zacks Rank #1 and a VGM Score of A.
Dream Finders is a homebuilding company that operates principally in Florida, Texas, North Carolina, South Carolina, Georgia, Colorado, Virginia and Maryland. Its shares are down about 10% in a week. Dream Finders has an expected earnings growth rate of 23.66% for this year. It has a Zacks Rank #1 and a VGM Score of A.
Flywire Corporation is a payments enablement and software company. It combines its proprietary global payments network, next-gen payments platform and vertical-specific software to deliver the most important and complex payments for its clients and their customers. The stock has shed about 8.7% in a week. It has an estimated earnings growth rate of 171.4% for this year. FLYW has a Zacks Rank #2 and a VGM Score of B.
Iqiyi provides an online entertainment service. It offers movies, television dramas, variety shows and other video content. The stock has lost about 8% in a week. It has an estimated earnings growth rate of 14.6% for this year. Iqiyi has a Zacks Rank #2 at present and a VGM Score of A.
Why Haven’t You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +7.0 average gain per year. Amazingly, they soared with average gains of +44.9%, +48.4% and +55.2% per year.
Today you can access their live picks without cost or obligation.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights Globe Life, Dell, Dream Finders Homes, Flywire and Iqiyi
For Immediate Release
Chicago, IL – April 17, 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Globe Life Inc. (GL - Free Report) , Dell Technologies (DELL - Free Report) , Dream Finders Homes Inc. (DFH - Free Report) , Flywire Corp. (FLYW - Free Report) and Iqiyi Inc. (IQ - Free Report) .
Here are highlights from Tuesday’s Analyst Blog:
5 Top-Ranked Large-Cap Stocks to Buy Cheap
After a solid first quarter, Wall Street lost its sheen in the past couple of weeks on inflation worries and escalation in geopolitical tensions. The S&P 500 broke below the 5,100 level after capping the worst week since October 2023. All 11 major sectors in the S&P 500 closed in negative territory last week for the first time since September 2023.
Meanwhile, the Dow Jones suffered its biggest weekly percentage loss since March 2023, shedding 2.5%, while the Nasdaq Composite Index declined 0.6%. While many stocks have been hit badly over the past week, a few of them, with a solid Zacks Rank #1 (Strong Buy) or #2 (Buy) and a VGM Score of B or better, offer a good entry point. These are Globe Life Inc., Dell Technologies, Dream Finders Homes Inc., Flywire Corp. and Iqiyi Inc. You can see the complete list of today’s Zacks #1 Rank stocks here.
Iran launched a barrage of missiles and drones on Israel over the weekend, heightening fears of a wider conflict in the Middle East. The conflict will lead to a spike in oil prices, which could flare up inflation, leading the Fed to go slow on rate cuts. Additionally, the bouts of upbeat economic data point to a stronger economy, dialing back expectations for rate cuts in the first half of this year.
Retail sales increased more than expected and consumer prices accelerated at a faster-than-expected pace in March, pushing inflation higher and dashing hopes that the Fed will be able to cut interest rates anytime soon. This has outlined the case for longer-than-expected higher rates.
Major bank earnings failed to impress Wall Street, leading to a broad decline in major bank shares last week. The three major banks — JPMorgan Chase & Co, Citigroup and Wells Fargo — disappointed investors. JPMorgan’s net interest income came in below analysts' expectations. Wells Fargo reported a 7% drop in profits, following a decline in net interest income caused by poor borrowing demand, while Citigroup experienced a loss following expenses on employee termination and deposit insurance.
Stocks to Buy
Globe Life (formerly known as Torchmark Corporation) is an insurance holding company for a group of insurance companies that primarily market individual life and supplemental health insurance to lower-middle to middle-income households throughout the United States. The stock has plunged 45.5% in the past week. Globe Life has an estimated earnings growth rate of 8.92% for this year and a Zacks Rank #2. It has a VGM Score of B.
Dell Technologies is a leading provider of servers, storage and PCs. It offers secure, integrated solutions that extend from the edge to the core to the cloud. The stock has lost about 11% in a week. Dell Technologies has an estimated growth rate of 7.15% for the fiscal year (ending Jan 2025). It currently has a Zacks Rank #1 and a VGM Score of A.
Dream Finders is a homebuilding company that operates principally in Florida, Texas, North Carolina, South Carolina, Georgia, Colorado, Virginia and Maryland. Its shares are down about 10% in a week. Dream Finders has an expected earnings growth rate of 23.66% for this year. It has a Zacks Rank #1 and a VGM Score of A.
Flywire Corporation is a payments enablement and software company. It combines its proprietary global payments network, next-gen payments platform and vertical-specific software to deliver the most important and complex payments for its clients and their customers. The stock has shed about 8.7% in a week. It has an estimated earnings growth rate of 171.4% for this year. FLYW has a Zacks Rank #2 and a VGM Score of B.
Iqiyi provides an online entertainment service. It offers movies, television dramas, variety shows and other video content. The stock has lost about 8% in a week. It has an estimated earnings growth rate of 14.6% for this year. Iqiyi has a Zacks Rank #2 at present and a VGM Score of A.
Why Haven’t You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +7.0 average gain per year. Amazingly, they soared with average gains of +44.9%, +48.4% and +55.2% per year.
Today you can access their live picks without cost or obligation.
See Stocks Free >>
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.