We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Strength Seen in Nu (NU): Can Its 8.8% Jump Turn into More Strength?
Read MoreHide Full Article
Nu Holdings Ltd. (NU - Free Report) shares soared 8.8% in the last trading session to close at $13.43. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 2.9% gain over the past four weeks.
Shares of NU rallied for the second consecutive trading session. The increase comes as there is a halt in the geopolitical tensions in the Middle East currently following President Trumps intervention in the matter. As the uncertainty lessens slightly, it has instilled investor confidence back in the global stock markets, which probably drove the NU stock higher.
This company is expected to post quarterly earnings of $0.12 per share in its upcoming report, which represents no change from the year-ago quarter. Revenues are expected to be $3.57 billion, up 25.3% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Nu , the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on NU going forward to see if this recent jump can turn into more strength down the road.
Nu is a member of the Zacks Banks - Foreign industry. One other stock in the same industry, Banco De Chile (BCH - Free Report) , finished the last trading session 1.4% higher at $29.57. BCH has returned -6.2% over the past month.
Banco De Chile's consensus EPS estimate for the upcoming report has changed +3% over the past month to $0.64. Compared to the company's year-ago EPS, this represents a change of -7.3%. Banco De Chile currently boasts a Zacks Rank of #1.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Shutterstock
Strength Seen in Nu (NU): Can Its 8.8% Jump Turn into More Strength?
Nu Holdings Ltd. (NU - Free Report) shares soared 8.8% in the last trading session to close at $13.43. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 2.9% gain over the past four weeks.
Shares of NU rallied for the second consecutive trading session. The increase comes as there is a halt in the geopolitical tensions in the Middle East currently following President Trumps intervention in the matter. As the uncertainty lessens slightly, it has instilled investor confidence back in the global stock markets, which probably drove the NU stock higher.
This company is expected to post quarterly earnings of $0.12 per share in its upcoming report, which represents no change from the year-ago quarter. Revenues are expected to be $3.57 billion, up 25.3% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Nu , the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on NU going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Nu is a member of the Zacks Banks - Foreign industry. One other stock in the same industry, Banco De Chile (BCH - Free Report) , finished the last trading session 1.4% higher at $29.57. BCH has returned -6.2% over the past month.
Banco De Chile's consensus EPS estimate for the upcoming report has changed +3% over the past month to $0.64. Compared to the company's year-ago EPS, this represents a change of -7.3%. Banco De Chile currently boasts a Zacks Rank of #1.