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Zacks Equity Research

Best Momentum Stock to Buy for May 9th

NRIM, ALL and MTZ made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on May 9, 2024.

ALLNegative Net Change MTZPositive Net Change NRIMPositive Net Change

Zacks Equity Research

Commerce Bancshares' (CBSH) Balance Sheet Revamp to Aid NII

Commerce Bancshares (CBSH) announces a strategic balance sheet repositioning, which will drive its NII higher. This follows the acceptance of a share exchange deal with Visa.

JPMPositive Net Change VPositive Net Change CBSHPositive Net Change TFCPositive Net Change

Nalak Das

Buy These 5 Year-to-Date Laggards With Strong Upside Potential

We have narrowed our search to five large-cap stocks that have lagged the market year to date. These are: NOW, ACM, NEM, NTRS, PFGC.

NTRSPositive Net Change NEMPositive Net Change ACMNegative Net Change NOWPositive Net Change PFGCPositive Net Change

Tirthankar Chakraborty

Dow's 40,000 on the Way: 3 Blue Chip Stocks to Buy Now

As the Dow continues to scale upward, it's prudent to invest in stocks such as Amazon (AMZN), Goldman Sachs (GS), and Salesforce (CRM) that are listed on the said index and are financially sound.

AMZNNegative Net Change GSPositive Net Change CRMPositive Net Change

Zacks Equity Research

Best Value Stocks to Buy for May 9th

TNP, GM and BRFS made it to the Zacks Rank #1 (Strong Buy) value stocks list on May 9, 2024.

GMPositive Net Change TNPNegative Net Change NRIMPositive Net Change

Zacks Equity Research

Best Income Stocks to Buy for May 9th

NRIM, FMAO and TSN made it to the Zacks Rank #1 (Strong Buy) income stocks list on May 9, 2024.

TSNPositive Net Change FMAONegative Net Change NRIMPositive Net Change

Zacks Equity Research

Zacks Industry Outlook Highlights Morgan Stanley, The Goldman Sachs and Piper Sandler

Morgan Stanley, The Goldman Sachs and Piper Sandler have been highlighted in this Industry Outlook article.

GSPositive Net Change MSPositive Net Change PIPRPositive Net Change

Zacks Equity Research

New Strong Buy Stocks for May 9th

TNP, CLS, ALL, SRCE and GM have been added to the Zacks Rank #1 (Strong Buy) List on May 9, 2024.

ALLNegative Net Change GMPositive Net Change CLSPositive Net Change TNPNegative Net Change SRCEPositive Net Change

Zacks Equity Research

New York Community (NYCB) Rating Downgraded to BB by Fitch

Fitch Ratings downgrade New York Community's (NYCB) IDRs. This is primarily due to the bank's weak earnings and profitability.

JPMPositive Net Change NYCBNegative Net Change TFCPositive Net Change

Zacks Equity Research

Synovus (SNV) to Sell RWA & Reposition Securities Portfolio

Synovus (SNV) plans to reduce risk-weighted assets by $2-$2.4 billion in second-quarter 2024 and sell available-for-sale securities with a book value of $1.6 billion.

WFCPositive Net Change SNVPositive Net Change TFCPositive Net Change

Zacks Equity Research

What's in the Cards for Medical Properties (MPW) in Q1 Earnings?

While Medical Properties' (MPW) Q1 earnings are likely to have benefited from the favorable healthcare industry trends, the high interest rate environment may have hurt it.

VTRPositive Net Change MPWNegative Net Change DOCPositive Net Change

Zacks Equity Research

Mr. Cooper (COOP) Rises 3% Since Q1 Earnings Beat: Growth Ahead?

For the second quarter, Mr. Cooper (COOP) expects Originations pretax income to be in the $30-$40 million range.

DFSPositive Net Change ALLYPositive Net Change VIRTNegative Net Change COOPPositive Net Change

Zacks Equity Research

ICICI Bank (IBN) Rides on Loans & High Rates Amid Cost Woes

ICICI Bank (IBN) remains well-positioned for top-line growth, given solid loan and deposit balances, rising non-interest income and high interest rates. However, high costs and weak asset quality remain woes.

IBNPositive Net Change BMAPositive Net Change CIBPositive Net Change

Zacks Equity Research

Stock Market News for May 8, 2024

Wall Street ended mixed on Tuesday as investors eagerly awaited signals from the Federal Reserve regarding potential interest rate cuts.

CROXNegative Net Change USACPositive Net Change KVUENegative Net Change

Zacks Equity Research

Why Earnings Season Could Be Great for Royalty Pharma (RPRX)

Royalty Pharma (RPRX) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

RPRXPositive Net Change

Urmimala Biswas

Pick These 5 Lucrative GARP Stocks Using PEG Ratio

The GARP approach is for investors who are on the lookout for a mixed investment strategy. MGM, THC, ALL, RCL and EAT are some of the stocks that qualify our screening of GARP stocks.

RCLNegative Net Change EATNegative Net Change ALLNegative Net Change THCPositive Net Change MGMPositive Net Change

Zacks Equity Research

Truist (TFC) Closes TIH Sale, Repositions Balance Sheet

Truist (TFC) completes the sale of its subsidiary, TIH, and executes a balance sheet repositioning strategy. Driven by these, the company's 2024 total revenues will be higher than previously expected.

WFCPositive Net Change CGPositive Net Change TFCPositive Net Change

Swayta Shah

3 Investment Banks to Buy on Flourishing Industry Prospects

Rebound in IB business on the back of clarity on the macroeconomic backdrop and a decent trading performance will support the Zacks Investment Bank industry players like Morgan Stanley (MS), Goldman (GS) and Piper Sandler (PIPR).

MSPositive Net Change GSPositive Net Change PIPRPositive Net Change

Tirthankar Chakraborty

4 Must-Buy Profitable Stocks Using Net Income Ratio

Option Care Health (OPCH), Merchants Bancorp (MBIN), Teekay Tankers (TNK), and GigaCloud Technology (GCT) have been selected as the top picks with a high net income ratio.

TNKPositive Net Change MBINPositive Net Change OPCHPositive Net Change GCTNegative Net Change

Zacks Equity Research

Jones Lang's (JLL) Q1 Earnings & Revenues Beat Estimates

The strength of its resilient lines of business and transaction-based business' performance supports Jones Lang's (JLL) Q1 earnings.

JLLPositive Net Change OUTNegative Net Change CBREPositive Net Change

Zacks Equity Research

MarketAxess (MKTX) Q1 Earnings Beat on Strong Credit Trading

MarketAxess' (MKTX) Q1 results benefit from improved trading volumes in the emerging markets. It expects 2024 operating expenses to stay at the lower end of the guidance of $480-$500 million.

CBOENegative Net Change MKTXPositive Net Change EEFTPositive Net Change VIRTNegative Net Change

Zacks Equity Research

Vornado's (VNO) Q1 FFO Miss Estimates, Same-Store NOI Declines

Vornado's (VNO) Q1 results reflect lower-than-anticipated revenues despite decent leasing activity. The total same-store NOI declined across the portfolio.

HIWNegative Net Change VNOPositive Net Change CUZNegative Net Change

Zacks Equity Research

Realty Income (O) Q1 AFFO Meets Estimates, Occupancy Falls Y/Y

Realty Income's (O) first-quarter 2024 results display better-than-expected revenues. However, the portfolio occupancy declined year over year.

KIMPositive Net Change FRTPositive Net Change OPositive Net Change

Zacks Equity Research

PNC Financial (PNC), TCW Partner for Private Credit Platform

PNC Financial (PNC) partners with TCW to offer private credit solutions to middle-market companies. This will help it tap into the expanding private credit market.

GSPositive Net Change JPMPositive Net Change PNCPositive Net Change

Zacks Equity Research

Itau Unibanco (ITUB) Q1 Earnings & Revenues Rise Y/Y, Costs Up

Itau Unibanco's (ITUB) first-quarter earnings reflect higher revenues and strength in balance sheet position. However, an increase in expenses is a near-term concern.

BCSNegative Net Change DBPositive Net Change ITUBNegative Net Change