Mark Your Calendar: This Biotech Stock Could Surge Next Week

July 21, 2023

A single positive or negative announcement from the US Food and Drug Administration (FDA) can send shares of a biotech firm soaring.

On February 28th, the U.S. FDA approved Reata Pharmeceuticals’ (RETA) lead candidate Skyclarys for treating patients with an inherited neuromuscular disease called Friedreich’s ataxia.

The next day, Reata’s share price skyrocketed 199% to around $93, and its trading volume rose to 15x the average of the previous 90 days.

This is just one recent example of how explosive biotech stocks can be for patient, risk-tolerant investors willing to wait for the next big headline.

The rewards in biotech can change the game completely, which is why our team scours industry news looking for potential catalysts. And boy, do we have a story for you…

We’ve got our finger on one name that’s up for priority review by the FDA next week. We can’t say whether or not this company’s stock will surge on FDA approval in the coming days, but we wanted to share the details behind this potential millionaire-minting catalyst with you first…

Verrica Pharmaceuticals Inc (VRCA)

Dermatology therapeutics company Verrica Pharmaceuticals’ lead product candidate, VP-102, is up for priority review by the FDA on Monday, July 23rd. VP-102 is in development to treat molluscum, common warts, and external genital warts, three of the most significant unmet needs in medical dermatology.

VRCA’s share price is up 13% this week, 25% over the past month, and a whopping 163% this year. Will the stock surge following the FDA’s decision? We’ll have to wait and see.

Other potential catalysts may come later this year as a result of the company’s recent partnership with Lytix Biopharma AS to develop and commercialize VP- 315 (formerly LTX-315 and VP-LTX-315) for dermatologic oncology conditions.

The analyst community is increasingly enthusiastic about the stock. As it stands now, 5 of the six analysts offering recommendations say to Buy VRCA, with only one recommending to Hold. There are no Sell recommendations for the stock. A median price target of $11 implies a nearly 50% upside for the stock over the next 12 months.

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Under the Radar: Uncovering Three Lesser-Known Tech Gems

Editorial Staff

July 19, 2023

You probably know who the big tech players are by now. But how big can they really get? Today we’ll explore some lesser-known tech names that show a promising future.

Amidst the AI frenzy, the tech sector has performed extraordinarily well this year. However, with the likes of NVDA and MSFT commanding the space, it’s becoming increasingly harder to find good deals. For now, it’s most wise to seek out attractively priced smaller stocks with growth potential.

Let’s make the smart play and secure these growing tech tickers that the analysts love…

Sprout Social Inc (SPT)

Sprout Social (SPT) is an excellent stock to buy for its robust social media platform that appeals to younger audiences. With a steadily growing customer base of over 30,000 in 100 countries, SPT has consistently achieved revenue growth, exceeding 35% for three consecutive years. SPT’s annual recurring revenue (ARR) has grown significantly by 35% since Q1 2020, driven by a substantial increase in its customer base. SPT’s positive performance has led to increased guidance, as the company expects revenue to continue growing through 2023 and beyond.

SPT’s stock is down slightly year-to-date by 2.21%, has a beta score of 0.88, and has positive TTM (trailing twelve-month) asset growth of 14.47%. At its last earnings call, SPT surprised Wall Street analysts’ projections on both EPS and revenue, most notably reporting $0.06 per share vs. -0.01 per share as expected, a +925.31% surprise. Expected to report $78.7 million for the current fiscal quarter, SPT shows year-over-year revenue growth (+30.97%), net profit margin (+19.78%), and EPS (+100%). SPT’s 10-day average volume is roughly 685 thousand shares. Trading near the middle of its 52-week range, SPT has an average price target of $60, with a high of $78 and a low of $46, representing a potential price upside of over 41%. SPT has 11 buy ratings and two hold ratings.

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PubMatic Inc (PUBM)

PubMatic (PUBM) is a promising stock to consider as it aims to become the leading company on the sell side of the advertising ecosystem, complementing The Trade Desk’s dominance on the buy side. While PUBM’s revenue growth has slowed recently, some encouraging signs exist. In the first quarter of 2023, ad impressions (or views) increased by an impressive 42% year-over-year to 46.5 trillion, following remarkable growth from 2021 to 2022. These positive factors emphasize PUBM’s potential.

PUBM, trading near the middle of its existing range, is impressively up year-to-date by 49.80% and comes with a safe 0.85 beta and a PEG (price/earnings/growth) ratio of 0.4x, with positive TTM asset growth of 16.05%. PUBM is projected to post $59.8 million in sales for the current quarter; at its last call, it beat analysts’ predictions for EPS by a 115% margin, reporting $0.02 per share vs. the $-0.13 expected. PUBM also surprised on revenue by 8.57%, reporting $55.41 million vs. $51.04 million as predicted. With a free cash flow of $29.41 million, PUBM has a median price target of $18, with a high of $26 and a low of $14; this indicates a potential 35.5% jump from current pricing. PUBM has eight buy ratings and two hold ratings.

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Endava PLC (DAVA)

Endava (DAVA) is a compelling choice; It excels in helping other businesses modernize their technology for the sake of agility and relevance. With a remarkable track record, DAVA shows revenue growth of 32% from 2018 to 2022, driven by customer acquisitions and a retention rate of almost 90%. DAVA experienced a rapid increase in sales from its most prominent clients. While diversifying its customer base, DAVA is also pursuing a market opportunity that could be valued in the trillions by 2026. With significant further growth potential, DAVA presents itself as an enticing long-term prospect.

DAVA is down year-to-date by 22.95% and is trading near the bottom of its 52-week range, leaving some room for an opportunity to “buy the dip.” Expected to report $188.5 million in sales at $0.45 per share for the current quarter, DAVA most recently beat analysts’ estimates on both EPS and revenue by margins of 10.98% and 0.98%, respectively. With TTM asset growth of 16.83%, DAVA also shows year-over-year growth in critical areas such as revenue (+20.28%), net income (+21.17%), EPS (+20%), and operating income (+18.44%). DAVA has $99.19 million in free cash flow and a modest 10-day average volume of around 327 thousand shares. From analysts, DAVA has an average price target of $72.50, with a high of $103.91 and a low of $55.77, suggesting an upside potential of over 76%. DAVA has six buy ratings and one hold rating.

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Just a Reminder: Buying Gold is Still a Great Investment

Editorial Staff

July 17, 2023

Investing in gold feels out of style, doesn’t it? You’d think that we’d forgotten how vital gold has historically been as an asset. It’s also a tangible asset, as opposed to digital currencies, for instance.

Now, let’s pretend for a moment that a recession is on its way. Bear with me…

In this context, gold mining stocks are a wise choice. While interest rate hikes from the Federal Reserve may pose challenges for pricing, last year showed us that instability fears can drive gold prices higher.

Given post-pandemic uncertainties, gold provides a recession-proof investment option…

Agnico Eagle Mines Ltd (AEM)

Agnico Eagle Mines (AEM) is a top Canadian gold mining company with a long-established history dating back to 1957. AEM operates mines in Canada, Finland, and Mexico, with exploration and development activities in several other countries. Despite some choppiness in the market this year, AEM’s shares have shown a nearly 8% increase in the trailing year. Financially, AEM presents an enticing case for gold stocks during a recession with its substantial profit margins, ranking in the top 86% of the industry.

AEM stock is up slightly by 1.85%, has a 0.54 beta score, a positive ROE (return on equity), a P/B (price to book) ratio of 1.32x, and a trailing twelve-month asset growth of 27.07%. For the current fiscal quarter, AEM is projected to report $1.7 billion in sales with an EPS of $0.55 per share and a 3-5 year EPS growth rate of 80.8%. At its latest earnings call, AEM defeated analysts’ EPS predictions, reporting $0.57 per share vs. $0.49 per share as expected, a 15.9% surprise. With an operating free cash flow of $2.24 billion, AEM also shows year-over-year growth in crucial areas like revenue (+13.88%), net income (+1425.82%), EPS (+1145.16%), and net profit margin (+1240.20%). AEM has a 3.02% annual dividend yield and a quarterly payout of 40 cents ($1.60/year) per share. With a 10-day average volume of 2.17 million shares, AEM has an average price target of $67.48, with a high of $75.13 and a low of $55; this represents a potential 42% leap from its current pricing. AEM has 18 buy ratings and two hold ratings.

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Wheaton Precious Metals Corp (WPM)

Wheaton Precious Metals (WPM) stands out as one of the top gold mining stocks to consider due to its predictability and reliability as a metals streaming enterprise. Unlike traditional miners, WPM provides upfront cash to miners in exchange for a predetermined share of the metal production, reducing investment volatility. Financially, WPM exhibits consistent profitability, with a trailing-year net margin of 64.23%, surpassing 95.1% of the metals and mining industry. Additionally attractive for investors, WPM boasts a three-year sales growth rate of 34.2%, outperforming 78.96% of its sector peers.

WPM has a very safe 0.46 beta score, is trading around the middle of its existing 52-week range, and is up year-to-date by 14.12%. WPM has a PEG (price/earnings/growth) ratio of 2.77x, a positive SMA (simple moving average), a positive ROE, and positive asset growth of 6.77%. For the current quarter, WPM is projected to report $256.7 million in sales at $0.29 per share, with a 3-5 year EPS growth rate of 24.4%. WPM has an annual dividend yield of 1.34%, with a quarterly payout of 15 cents ($0.60/year) per share. With a 10-day average volume of 1.59 million shares and almost $500 million in free cash flow, WPM has a

median price target of $56.12, with a high of $62 and a low of $41; this indicates a possible 39% price jump from where it currently sits. WPM has 13 buy ratings and five hold ratings.

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Rio Tinto PLC (RIO)

Rio Tinto (RIO) presents an intriguing opportunity for those seeking a balanced risk-reward profile in gold mining stocks. As a stalwart in resource extraction, RIO boasts a market cap of over $107 billion and significant relevancies beyond gold. While shares have experienced an 11% decline since the beginning of the year, they have shown a nearly 10% increase in the past 365 days. RIO offers value, with a net margin of 22.31%, surpassing 86% of the field. RIO’s profitability contributes to its impressive dividend, particularly relative to its pricing. This compelling combination makes RIO an excellent gold mining stock to consider.

RIO’s stock is down year-to-date by 3.08%, is trading near the bottom of its existing range (which leaves room for growth), and has a surprisingly volatility-safe beta measure of 0.73. RIO has a positive ROE (return on equity), a P/S (price to sales) ratio of 2.02x, and a P/B (price to book) ratio of 2.23x. For the current fiscal quarter, RIO is expected to show an EPS of $3.96 per share, quarterly EPS growth of 34.97%, and a 3-5 year EPS growth rate of 21.4%. RIO has a free cash flow of $7.36 billion and a 10-day average trading volume of 2.61 million shares. With a 13.17% annual dividend yield, RIO distributes a quarterly payout of $2.27 ($9.08/year) per share and a generous 89.75% payout ratio. As assigned by analysts, RIO has a median price target of $76.85, with a high of $92 and a low of $74; this suggests a potential price upside of 33.3%. RIO has three buy ratings and one hold rating.

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Three Stocks to Get Excited About in the Second Half

Editorial Staff

July 17, 2023

Whether we like it or not, we are still looking at the possibility of a recession. Despite lower inflation and a strong first half for stocks, there are concerns about inflation winning out against the Fed…

But! There’s good news. The Street’s brightest analysts see plenty of high-quality stocks to be had, particularly ones that performed well in the first half of 2023.

Attractively valued stocks with solid balance sheets and earnings growth will pay off long-term. Simple. These incredibly timely stocks can both eliminate risks to your portfolio and build wealth…

FMC Corp (FMC)

There have been recent notable successes for FMC Corp. (FMC), such as a significant 28% growth in North American revenue, including exceptional growth of over 100% in Canada sales. Considering the long-term perspective, FMC is positioned to benefit from the steady increase in emerging market food consumption. Additionally, FMC’s new biological products are expected to gain market share, and the development of pipeline products can help mitigate the impact of patent expirations. With rising demand for crop chemicals and FMC’s strategic initiatives, the stock presents a compelling opportunity.

FMC is currently down by 22.88% year-to-date yet carries a volatility-safe beta score of 0.76. Trading near the bottom of its existing 52-week range, FMC has a PEG (price/earnings/growth) ratio of 0.64x and a P/S (price to sales) ratio of 2.08x, with a positive ROE and trailing twelve-month asset growth of 7.59%. FMC has an annual dividend yield of 2.14%, with a quarterly payout of 58 cents ($2.32/year) per share. FMC is projected to report $1 billion in sales at $0.76 per share for the current fiscal quarter. FMC recently beat analysts’ EPS estimates, reporting $1.77 per share vs. $1.75 as expected. With a 10-day average volume of roughly 2 million shares, FMC has an average price target of $121, with a high of $142 and a low of $101; this suggests a potential price upside of 47.5%. FMC has 15 buy ratings and four hold ratings.

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Alphabet Inc (GOOGL)

Alphabet (GOOGL), the parent company of Google and YouTube, leads the online search market and excels in online advertising and AI innovation. GOOGL also operates a substantial cloud services business. Recent success with the Bard AI chatbot has boosted GOOGL’s stock, highlighting the immense potential of AI for long-term growth. Furthermore, its core businesses yielded a remarkable $59.9 billion in profits in 2022. With dominance in online advertising and internet search, both promising sectors, GOOGL is well-positioned. The company’s focus on AI and self-driving vehicles also presents significant future growth opportunities.

GOOGL is up year-to-date by 41.09%, has a positive SMA (simple moving average), and has a PEG ratio of 1.48x. With a positive ROE and positive asset growth of 3.47%, GOOGL carries a free cash flow of almost $60 billion. GOOGL is projected to report $72.8 billion in sales at $1.34 per share for the current fiscal quarter; at its last earnings call, it beat analysts’ EPS forecasts, reporting $1.17 per share as opposed to the $1.07 per share expected. With a 10-day average volume of 25.8 million shares, GOOGL has a median price target of $130, with a high of $190.32 and a low of $115; this allows room for a leap of 53% from where pricing currently rests. GOOGL has 43 buy ratings and eight hold ratings.

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Solaredge Technologies Inc (SEDG)

SolarEdge Technologies (SEDG) is a leading solar power technology company recognized for its direct current inverter systems used in solar panel installations. With a strong market presence, SEDG effectively reduces greenhouse gas emissions by 31 million metric tons annually. In the first quarter, SEDG reported record-breaking revenue of $943.9 million, reflecting a 44% increase compared to last year. As renewable energy gains traction as a long-term investment theme, SEDG’s profitability and market leadership in the solar power industry make it an attractive choice. The global push for climate change mitigation through policy measures offers potential demand and financial incentives for solar installations. At the same time, the SEDG’s expansion into energy storage and e-mobility will broaden its horizons.

SEDG’s stock is in an exciting spot. Its stock is down year-to-date by 4.97% and is trading around the middle of its 52-week range. SEDG boasts a positive ROE, a PEG ratio of 0.93x, and a positive trailing twelve-month asset growth of 22.09%. With an operating free cash flow of $202 million, SEDG is predicted to report $991.9 million in sales for the current quarter with an EPS of $2.51 per share. At its last earnings call, SEDG beat analysts’ estimates on both EPS and revenue, most notably reporting EPS of $2.90 per share vs. $1.95 per share as expected by analysts, a +48.90% difference. SEDG also shows year-over-year growth in critical areas such as revenue (+44.09), net income (+317.77%), EPS (+291.67%), and net profit margin (+189.72%). With a 10-day average volume of roughly 960 thousand shares, SEDG’s average price target is $377.50, with a high of $445 and a low of $103.95; this represents the chance for a price upside of over 65% from where it currently sits. SEDG has 27 buy ratings and seven hold ratings.

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Stock Hotlist: Conviction Buys

Editorial Staff

July 16, 2023

Picking the wrong stocks can decimate your portfolio.

They’re pure portfolio poison.

But the right stocks…

If you pick the right stocks, you could find yourself jumping for joy on top of an enormous pile of cash.

With over 4000 stocks to choose from, picking the right ones can be nearly impossible…

Unless you’re spending hours each day combing the markets.

That’s why we’ve done it for you.

We sort through thousands of stock ideas and narrow them down to a few primed for solid price action soon.

For this list, we’ve narrowed it down to three stocks that could skyrocket in the coming weeks.

Click here to get the full story on the stocks we’re watching this week…

NextEra Energy Inc. (NEE)

Most stocks from the utility sector are slow-growing income plays. As such, an electric utility stock wouldn’t typically be considered a growth stock. However, Wall Street expects NextEra Energy to grow its earnings by an annual average of around 9% over the next five years. This comes on the heels of averaging more than 8% adjusted earnings growth since 2007. For all intents and purposes, NextEra Energy is a growth stock within the utility sector.

The biggest differentiator that has helped NextEra achieve this stellar growth rate is its focus on renewable energy. NextEra is currently generating 31 gigawatts (GW) of capacity from renewable energy sources, including 23 GW from wind and 5 GW from solar – which has helped substantially lower electricity generation costs for the company and its customers.

NextEra Energy pays an annual dividend of 2.47% and is currently trading at its lowest 12-month forward price-to-earnings ratio in five years, making it a superior growth opportunity. Overall, NEE gets a Strong Buy rating from the consensus based on 19 recent reviews, including 15 Buys and 4 Holds. An average price target of $90 represents a 20% upside.

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Canadian Natural Resources LTD (CNQ)

When it comes to energy, Canada stands out with its expansion of fossil-fuel production. Oil giant Canadian Natural Resources has the largest undeveloped base in the Western Canadian Sedimentary Basin, is the largest independent producer of natural gas in Western Canada, and is the largest producer of heavy crude oil in Canada.

Higher oil and gas prices substantially improved energy companies’ earnings in 2022. CNQ utilized the excess cash to return to shareholders and improve its balance sheet. The company lowered its debt from around $35 billion in 2021 to $12 billion at the end of Q1 2023.

Valued at some $58.4 billion, the Canadian energy behemoth has a trailing four-quarter earnings surprise of roughly 7.4%, on average. Considering the potential tailwinds for the industry and for CNQ itself, it would make sense for the massive oil company’s stock to trade at a premium price. Potential investors will be glad to know that the stock has a forward P/E ratio of 7.4, better than the industry average of 8.

The pros on Wall Street agree that CNQ shares are ripe for the picking. Of 21 analysts offering recommendations, 14 rate the stock a Buy, and 7 give it a Hold rating. There are no Sell recommendations. CNQ also boasts an attractive 4.9% dividend yield. A median price target of $67.37 represents a 25% increase from the current price.

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DexCom (DXCM)

Diabetes is increasing at an alarming rate in the United States. According to the CDC’s National Diabetes Statistics Report, for 2022, cases of diabetes have risen to an estimated 37.3 million – about 1 in 10 people. Mid-cap medical device manufacturer, DexCom is responding with innovative solutions that are gaining popularity among the masses, so much so that the company has recently reconsidered and raised its outlook.

In April, Medicare officials expanded reimbursement for continuous glucose monitors or CGMs to all patients who require insulin to manage their diabetes. It is the most significant expansion ever in the history of the CGM category providing access to a number of people who will benefit greatly. And it’s the tailwind leading CGM manufacturer DexCom has been waiting for.

Management now expects to reach $4.6 billion to $5.1 billion by 2023. That’s an increase of $600 million from the previous range for the year. DexCom’s sales last year rose 19% to $2.91 billion. Analysts polled by FactSet predict sales will rise 20% to $3.5 billion in 2023.

DexCom stock is highly rated across the board. According to Investor’s Business Daily, DexCom’s fundamental and technical measures warrant a place in the top 3% of all stocks. The 22 analysts covering the stock resoundingly agree, giving it a Strong Buy recommendation.

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Avoid These Toxic Stocks

Editorial Staff

July 15, 2023

The right stocks can make you rich and change your life.

The wrong stocks, though… They can do a whole lot more than “underperform.” If only! They can eviscerate your wealth, bleeding out your hard-won profits.

They’re pure portfolio poison.

Surprisingly, not many investors want to talk about this. You certainly don’t hear about the danger in the mainstream media – until it’s too late.

That’s not to suggest they’re obscure companies – some of the “toxic stocks” I’m going to name for you are, in fact, regularly in the headlines for other reasons, often in glowing terms.

I will run down the list and give you a chance to learn the names of three companies I think everyone should own instead.

But first, if you own any or all of these “toxic stocks,” sell them today…

C3.ai Inc (AI)

C3.ai may have a catchy ticker symbol that aligns with the market’s enthusiasm for artificial intelligence. Still, there really isn’t much else to say about AI when it comes to considering it for our portfolios. AI is slow-moving, unprofitable, and lacks the potential to benefit from the current excitement surrounding consumer-facing AI. It isn’t sure that C3.ai will capitalize on the opportunity, making it a stock to avoid; it is largely inflated at this point, and, unfortunately, many of us were late to the rally.

AI’s stock is up year-to-date by an insane 240%, and the case for it being overvalued is an easy one to make when looking at the negative numbers. AI has a 2.61 beta and an ROE of -28.02% and shows $266 million in TTM revenue, from which it lost $268 million thanks to its crazy -100.77% profit margin. AI shows negative year-over-year growth in net income (-11.19%), net profit margin (-11.05%), and operating income (-29.65%). With a 10-day average trading volume of roughly 52 million shares, AI has a median price target of $23.50, with a high of $50 and a low of $14, suggesting the potential for a price decrease anywhere from -45% to -67%. AI has six buy ratings and four hold ratings.

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Abrdn Income Credit Strategies Fund (ACP)

A closed-end fund, Abrdn Income Credit Strategies Fund, offers a high forward dividend yield of 14.35%. However, Over the past year, ACP shares have fallen by more than 11%. Further declines may be ahead for two reasons.

First, higher interest rates have had an inverse effect on the value of ACP’s portfolio of low-rated debt securities. Second, the current economic downturn could increase the default risk of ACP’s holdings. This may also result in another dividend cut, like the 16.7% cut implemented in 2020.

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Algoma Steel (ASTL)

Algoma Steel has been battling lower steel prices, higher input costs, and weak demand, particularly in the North American housing sector. But the truth is, Algoma Steel has been a lousy investment for years. Since early 2021, ASTL stock has dropped more than 25%, including a 22% pullback in the last 12 months. Algoma Steel recently reported that its net income for its fiscal fourth quarter plummeted 108% from a year earlier due to lower steel prices and weakening demand for its products. The company reported a fiscal Q4 net loss of $20.4 million, down from a net profit of $242.9 million in 2022. That equated to a loss per share of 19 cents — a dramatic difference from income of $1.45 a share just a year ago. We don’t foresee a significant shift for ASTL anytime soon.

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Three Risky Stocks to Avoid Like the Plague

Editorial Staff

July 14, 2023

Tech stocks have come roaring back in 2023. But after the stunning rebound, some tech names have little room to run. In addition to industry-specific concerns, the technology sector faces headwinds from rising interest rates and a central bank that hasn’t finished its fight against inflation. As such, now seems like a good time to lock in gains on certain tech stocks that have rallied sharply this year. In particular, these three tech stocks look vulnerable and may see severe downside in the coming days and weeks.

Check Point Software Technologies (CHKP)

Check Point develops a range of cybersecurity products and services globally. In terms of financial performance, the company has delivered mixed results. Although it has maintained bottom-line profitability for over two decades, Check Point’s revenue growth over the past five years has settled in the low single-digit range.

CHKP shares are down 1% YTD and are only up a fraction of a percent over the past twelve months. “Amid a tech sub-vertical characterized by rapid growth, this lukewarm share performance stands out like a blemish.

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Palantir Technologies Inc (PLTR)

Palantir Technologies is, a black-box consulting company, has been scrutinized by The Bear Cave for allegedly posing as an AI powerhouse while primarily functioning as an overhyped data consultant. Despite notable contracts, PTLR’s lack of innovative work raises concerns. The current valuation of PLTR stock at nearly 15 times revenues and 68 times forward earnings is high for a data management and consulting company. Without PLTR’s utilization of impressive AI applications, however, the recent 90% stock gain is expected to diminish rapidly.

PLTR isn’t much different. It’s up year-to-date by 9.07% but has a negative ROE of -10.04% and a risky 2.84 beta. PLTR showed TTM revenue of $1.98 billion and lost $225 million on its -12.87% profit margin. Overvalued PLTR is a stock we would’ve been wise to grab a part of several months ago, much like AFRM and AI; this all happened so damn fast. With a negative cash flow of -$423.74 million and a whopping 10-day average trading volume of 120.48 million shares (people are on to this one), PLTR has a median price target of $8.25, with a high of $18 and a low of $5. This new range for PLTR indicates a downside of anywhere from -48% to -69%. PLTR has six Hold ratings and seven Sell ratings.

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Meta Materials (MMAT)

Semiconductor company Meta Materials develops and produces functional materials and nanocomposites, particularly in lithium battery materials. The micro-cap company is losing far more money than it’s bringing in. In the fourth quarter MMAT reported revenues of $1.4 million and operating expenses of $24.8 million. The company posted a net earnings loss of $79.1 million for the entire year.

Not to mention, the company is embroiled in litigation on accusations of involvement in “spoofing, naked short selling, market manipulation, and fraud.” Meta Materials’ share price is down 83% this year, falling to less than 20 cents per share.

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Dividends For Days: Long-Term Stocks to Buy Now and Hold

Editorial Staff

July 13, 2023

Due to the tech rally surrounding AI, this year has been challenging for many traditional stocks, leaving some investors skeptical about the buy-and-hold strategy…

Despite the underperformance of some established stocks, some long-term investments are still performing well in 2023. These stocks have:

– Dividend yields that exceed 3% and are lucrative relative to low share prices. – Market capitalizations of at least $10 billion.

– Positive returns for the year.

– Solid business foundations and income potential.

Amidst the tech frenzy on the Street, analysts suggest we buy and hold these reliable stocks…

Corning Inc (GLW)

Corning Inc. (GLW) is a leading high-tech glass and ceramics producer. GLW’s “display” segment creates monitors and screens for mobile devices and tablets, while its “optical communications” segment supplies fiber-optic cables for high-speed data connections. GLW’s wide range of products also includes radiation shields, telescopic lenses, and labware. With its expertise, manufacturing scale, and specialized focus, GLW enjoys a competitive advantage, making it an attractive option for long-term income investors.

GLW stock is currently up year-to-date by 10.80%, has a 0.99 beta score, a positive SMA (simple moving average), a positive ROE (return on equity), and a current operating free cash flow of $2 billion. GLW has a PEG (price/earnings/growth) ratio of 0.8x, a P/S (price to sales) ratio of 2.19x, and a 2.5x P/B (price to book) ratio. At its last earnings call, GLW reported EPS of $0.41 vs. $0.39, as projected by analysts, a 4.70% surprise; it also slightly beat on revenue by 0.42%. GLW is forecast to report $3.5 billion at $0.46 per share for the current fiscal quarter. GLW has an annual dividend yield of 3.16%, a quarterly payout of 28 cents ($1.12/year) per share, and a 102.85% payout ratio. With a 10-day average volume of 3.35 million shares, GLW’s average price target is $38.50, with a high of $42 and a low of $30; this implies a potential upside of almost 19% from current pricing. GLW has 13 buy ratings and three hold ratings.

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Welltower Inc (WELL)

Welltower Inc. (WELL) is a prominent operator in the senior housing and health systems sectors across the U.S., Canada, and the U.K. With an aging population requiring more intensive care, WELL’s business model can benefit from a long-term tailwind. Projections indicate that the U.S. population aged 65 and older will exceed 80 million by 2040, more than double the figure in 2000. As a real estate investment trust (REIT), WELL focuses on property ownership and investment rather than direct care provision. While WELL experienced some challenges during the pandemic, its positive momentum is evident. WELL recently raised its forward guidance and is currently trading near its highest levels in almost a year.

WELL’s stock is a strong performer, up 23.04% year-to-date, with a 0.84 beta, a positive SMA, a positive ROE, a PEG ratio of 2.51x, and a P/B ratio of 1.92x. For the present fiscal quarter, WELL is predicted to report sales of $1.6 billion and an EPS of $0.16 per share, with a 1-year EPS growth rate of 221.7%. WELL currently carries a free cash flow of $2.34 billion, with a 10-day average volume of 2.1 million shares. WELL has a 3.02% annual dividend yield, a quarterly payout of 61 cents ($2.44/year) per share,

and an astounding payout ratio of 938.46%. Based on analysts’ forecasts, WELL has a median price target of $88, with a high of $111 and a low of $74, representing a possible price leap of almost 38% from its current position. WELL has 15 buy ratings and one hold rating.

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CubeSmart (CUBE)

CubeSmart (CUBE) may be the most minor stock among its peers on this list in terms of market value, but its unique business model sets it apart. As a manager of self-storage properties and portable storage “cubes,” CUBE taps into the reliable demand for extra storage space. Notably, the self-storage industry thrives during economic downturns when downsizing becomes more prevalent, which can only benefit CUBE. In recent years, CUBE has transformed into a dividend powerhouse, with payouts growing by over 300% in the last decade.

CUBE’s stock is up year-to-date by 12.77%, is trading near the middle of its existing 52-week range, and has a volatility-safe 0.60 beta score. CUBE has both a positive 200-day SMA and a favorable ROE. At its last earnings call, CUBE reported EPS of $0.43 per share vs. $0.33 per share as expected by analysts, a 31.5% beat. For the current quarter, analysts predict that CUBE will post $261.5 million in sales at $0.42 per share, with a 3-5 year EPS growth rate of 13.4% per year. CUBE has a free cash flow of $495 million and a 10-day average volume of 1.37 million shares. CUBE has a 4.32% annual dividend yield, a quarterly payout of 49 cents ($1.96/year) per share, and a 118.71% payout ratio. Based on analyst sentiment, CUBE has an average price target of $50, with a high of $64 and a low of $47; this suggests a potential upside of 41% from its current share price. CUBE has eight buy ratings and six hold ratings.

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Exclusive: Three Robust REITs That Show Enormous Upside

Editorial Staff

July 13, 2023

Are Real Estate Investment Trusts (REITs) worth considering as investment options this year?

According to Wall Street’s best and brightest analysts, there are compelling reasons to believe so. The appeal of REITs lies in their robust balance sheets, attractive valuations, and consistent dividend payouts.

REITs experienced a decline last year, but it was largely driven by investor sentiment rather than business performance. Well, investor sentiment has turned, and these stocks are positioned for a comeback.

Today I’ll be covering three REITs that are also excellent dividend growth stocks to watch…

Rexford Industrial Realty Inc (REXR)

Rexford Industrial Realty (REXR) is a compelling investment option. As a dominant industrial property operator in Southern California’s thriving market, REXR commands top rates for its 400 properties with 44 million square feet of capacity. With projected revenue growth of nearly 30% in 2023 and 20% in 2024, REXR demonstrates strong potential. Its long-term leases with reliable tenants offer an above-average dividend yield and payout relative to its pricing, making it even more attractive.

REXR is down year-to-date by 5.07%, has a 0.83 beta score, a PEG (price/earnings/growth) ratio of 3.01x, and a P/B (price to book) ratio of 1.48x; it is trading near the very bottom of its existing 52-week range. REXR most recently beat analysts’ EPS projections by 36.4%, reporting $0.30 per share vs. $0.22 per share as expected. REXR is forecast to report $196.9 million at $0.26 per share, with a 3-5 year EPS growth rate of 27.2% per year. REXR has an annual dividend yield of 2.93%, a quarterly payout of 38 cents ($1.52/year) per share, and a 139.47% payout ratio. With a 10-day average volume of 1.45 million shares, REXR has an average price target of $67.50, with a high of $77 and a low of $52, representing a potential price upside of 48.5% from current pricing. REXR has seven buy ratings and four hold ratings.

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Prologis Inc (PLD)

Prologis (PLD), the largest REIT on this list and in the United States, with a market value of around $110 billion, excels in the crucial sector of warehouses and logistics facilities. With 1.2 billion square feet of space in 19 countries and serving approximately 6,600 diverse customers, PLD plays a pivotal role in the global economy amidst the era of e-commerce and just-in-time supply chains. PLD’s exceptional stability and projected revenue growth of nearly 40% this year, followed by 12% next year, validate its profitability. This is another REIT with a hefty dividend relative to its current pricing.

PLD’s stock is up year-to-date by 8.01%, has a positive SMA (simple moving average), a 0.99 beta, and is trading around the middle of its 52-week range. PLD has a PEG ratio of 0.55x, a P/B ratio of 2.13x, a D/E (debt to equity) measure of 47.61%, and a free cash flow of nearly $3.7 billion. For the current fiscal quarter, PLD is projected to report $1.7 billion in sales with an EPS of $0.98 per share and a forecasted 3-5 year EPS growth rate of 8.2%. PLD has a 2.86% annual dividend yield, with a quarterly payout of 87 cents ($3.48/year) per share and a payout ratio of 100.93%. With a 10-day average volume of 3.46 million shares, PLD has a median price target of $140.50, with a high of $170 and a low of $128; this indicates a potential price jump of almost 40%. PLD has 20 buy ratings and four hold ratings.

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VICI Properties Inc (VICI)

VICI Properties (VICI) stands out among its peers as an appealing stock choice for investors. With a portfolio encompassing renowned entertainment destinations like Caesars Palace, the MGM Grand, and the Venetian Resort in Las Vegas, VICI owns 49 gaming facilities, over 60,000 hotel rooms, and more than 450 dining and nightlife establishments. Benefiting from a “risk-on” environment and strong consumer spending, VICI projects an impressive 30% revenue increase this year, along with nearly doubling its EPS (earnings per share) compared to fiscal 2022. As a REIT, VICI is committed to delivering at least 90% of taxable income to shareholders, translating into an attractive dividend for investors.

VICI is slightly down year-to-date by 2.72% and is trading near the bottom of its price range; with a 0.96 beta, there’s an excellent opportunity here. VICI shows trailing twelve-month asset growth of 92.50%, a PEG ratio of 2.89x, a P/B ratio of 1.34x, and an operating free cash flow of $2.17 billion. VICI is projected to post sales of $873.5 million at $0.64 per share for the current quarter and shows expected 3-5 year EPS growth of 7.8% per year. VICI has an annual dividend yield of 4.95%, with a quarterly payout of 39 cents ($1.56/year) per share and a payout ratio of 106.25%. With a 10-day average volume of 6.44 million shares, VICI’s average price target is $37, with a high of $43 and a low of $32, suggesting a potential price upside of 36.5% from where it sits currently. From analysts, VICI has 20 buy ratings and two hold ratings.

The Countdown Begins: A Game-Changing Event Looms for Tech Giants

Editorial Staff

July 12, 2023

A significant change is coming for some of the technology sector’s most prominent companies.

What’s about to unfold on July 14th could have a profound effect on companies like Apple (AAPL), Microsoft (MSFT), Nvidia (NVDA), along with several other names, and could ripple throughout the tech sector.

If you own or are considering a position in any tech stocks, mark this date on your calendar.

Because this make-or-break event could have a significant impact on your portfolio…

Are tech stocks in for a difficult road ahead?

The market is preparing for a shift as the Nadaq 100 index gets ready to adjust its weighting. Nasdaq announced it would conduct a “special rebalance” of its Nasdaq 100 to reduce the degree to which certain stocks determine the index’s performance.

The index weighting methodology spells out that a rebalancing will take place when any group of stocks amounts to more than 48% of the index. Tech giants Apple, Microsoft, Alphabet, Amazon, Nvidia, Tesla, and Meta are the current dominators after surging in the year’s first half.

The adjustment will be based on shares outstanding as of July 3, with changes set to be announced on July 14 and taking effect before the market opens on July 24. Exchange-traded funds (EFTs) and mutual funds tracking the index could be impacted. The Nasdaq 100 is the basis for some of the world’s most heavily traded products, such as the Invesco QQQ ETF (QQQ).

Experts see this as another indication of the top-heavy quality of the current market. As such, short-term volatility among prominent tech stocks could be the beginning of a significant rebalancing away from big tech in the second half.

If you’re wondering where to look for stocks that could provide massive returns moving forward, we are here to help. Our team has identified one area of the market gearing up for rapid growth over the next few years. Even better, we’ve spotted one little-known company from within this industry set to explode as demand takes off. It could surge any day now.

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Verrica Pharmaceuticals Inc (VRCA)

Sprout Social Inc (SPT)

PubMatic Inc (PUBM)

Endava PLC (DAVA)

Agnico Eagle Mines Ltd (AEM)

Wheaton Precious Metals Corp (WPM)

Rio Tinto PLC (RIO)

FMC Corp (FMC)

Alphabet Inc (GOOGL)

Solaredge Technologies Inc (SEDG)

NextEra Energy Inc. (NEE)

Canadian Natural Resources LTD (CNQ)

DexCom (DXCM)

Abrdn Income Credit Strategies Fund (ACP)

Algoma Steel (ASTL)

Check Point Software Technologies (CHKP)

Palantir Technologies Inc (PLTR)

Meta Materials (MMAT)

Corning Inc (GLW)

Welltower Inc (WELL)

CubeSmart (CUBE)

Rexford Industrial Realty Inc (REXR)

Prologis Inc (PLD)

VICI Properties Inc (VICI)

Are tech stocks in for a difficult road ahead?

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