Day: June 11, 2021

SENS – Why Senseonics Holdings Popped by Nearly 11% Today

What happened

On Friday, several posts in the shockingly influential WallStreetBets Reddit community talked up medical device maker Senseonics Holdings (NYSEMKT:SENS), which promptly shot up to close the day 10.8% higher.

So what

The previous day, posts appeared in the subreddit and elsewhere on Reddit extolling Senseonics’ virtues and hastening to mention its considerable short interest (nearly 26% of float). So in sum, in the eyes of the WallStreetBets crowd, we’ve got a company with real potential that is also a juicy candidate for a short squeeze.

Diabetes spelled out in small tiles and surrounded by syringes and pills.

Image source: Getty Images.

Senseonics concentrates on glucose monitoring systems for diabetics — a large addressable healthcare market. It’s a young company that is catching fire a bit, with Q1 revenue leaping to $2.85 million from only around $36,000 in the year-ago period (although its net loss deepened considerably, mostly because of a big derivatives-related accounting charge).

But recent news from Senseonics is quite promising. Last week, the company released results from a 180-day study showing that is Eversense continuous glucose monitoring system showed a hypoglycemic alert detection rate of 93% for its primary sensor, and 94% for its secondary one.

Now what

But of course, WallStreetBets isn’t necessarily focused on the long-term potential of a stock; many community members are after the quick money that can result from a short squeeze. While Senseonics could have a bright future, as a target of that community it’s likely to be volatile in the coming days, so perhaps it’s best avoided by cautious investors for now.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

OSCR – Scott+Scott Attorneys at Law LLP Announces Investigation into Oscar Health, Inc. (OSCR)

NEW YORK–()–Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international shareholder and consumer rights litigation firm, is investigating whether Oscar Health, Inc. (“Oscar Health” or the “Company”) (NYSE: OSCR) and certain of its officers and directors violated federal securities laws. If you purchased or otherwise own Oscar Health shares, and have suffered a loss, you are encouraged to contact Jonathan Zimmerman at (888) 398-9312 for more information.

Oscar Health claims to be the first health insurance company built around a full stack technology platform.

On or about March 3, 2021, Oscar Health went public issuing over 37 million shares of Class A common stock at $39 per share (the “Offering Price”), generating gross proceeds in excess of $1.44 billion.

On May 13, 2021, Oscar Health published its first quarter 2021 financial results, revealing a $87.4 million loss, which fell well below analysts’ expectations. On this news, the price of the Company’s stock declined, closing at $20.51 per share, or over 47% below the Offering Price.

What You Can Do

If you purchased or otherwise own Oscar Health stock, and you wish to discuss this investigation, please contact attorney Jonathan Zimmerman at (888) 398-9312, or at jzimmerman@scott-scott.com, or visit the Oscar Health investigation page on our website at https://scott-scott.com/investigation/oscar-health-inc/.

About Scott+Scott Attorneys at Law LLP

Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Amsterdam, Connecticut, California, Virginia, and Ohio.

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SBUX – Starbucks applies for stadium, arena naming rights

Coffee giant Starbucks Corporation sought registration this month for potential stadium or training facility naming rights.

The company filed an application with the U.S. Trademark Office on June 2 to use its name on a venue to “promote business, sports and entertainment events of others” and to provide “stadium and training facilities for sports and entertainment activities,” according to the filing.

A spokesperson for the coffee chain declined to comment.

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A number of other major U.S. corporations have successfully sought stadium naming rights including AT&T for AT&T Stadium in Texas, Bank of America for Bank of America Stadium in Charlotte, North Carolina, FedEx for FedEx Field near Washington, D.C., Anheuser-Busch for Busch Stadium in St. Louis and Barclays for Barclays Center in Brooklyn, New York.

The benefits of acquiring naming rights include promoting a brand through free advertising.

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Companies have paid millions of dollars for stadium naming rights deals, some of which last for years. For example, Levi Strauss signed a deal valued at $220 million with the NFL’s San Francisco 49ers for 20-year rights, as reported by ESPN.

MetLife Insurance inked a $400 million deal for 25-year rights to the stadium that the NFL’s Jets and Giants play at, according to ESPN.

The NBA’s Golden State Warriors are getting an estimated $22 million per year for San Francisco’s Chase Center, according to Forbes.

Starbucks has a market cap of more than $132 billion, while shares ended Friday’s trading session slightly higher.

TickerSecurityLastChangeChange %
SBUXSTARBUCKS CORP.112.56+0.35+0.31%

As noted by several other news outlets, the application filed by Starbucks is how companies would proceed to acquire rights to name a stadium according to a trademark specialist.

AVT – Avnet (AVT) Outpaces Stock Market Gains: What You Should Know

Avnet (AVT Free Report) closed the most recent trading day at $43.92, moving +1.04% from the previous trading session. The stock outpaced the S&P 500’s daily gain of 0.2%.

Heading into today, shares of the distributor of electronic components had gained 2.4% over the past month, lagging the Computer and Technology sector’s gain of 5.84% and outpacing the S&P 500’s gain of 1.06% in that time.

AVT will be looking to display strength as it nears its next earnings release. In that report, analysts expect AVT to post earnings of $0.74 per share. This would mark year-over-year growth of 428.57%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.92 billion, up 18.18% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.33 per share and revenue of $19.22 billion. These totals would mark changes of +51.3% and +9.02%, respectively, from last year.

Any recent changes to analyst estimates for AVT should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. AVT currently has a Zacks Rank of #2 (Buy).

In terms of valuation, AVT is currently trading at a Forward P/E ratio of 18.68. This valuation marks a premium compared to its industry’s average Forward P/E of 15.64.

It is also worth noting that AVT currently has a PEG ratio of 0.82. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company’s expected earnings growth rate. The Electronics – Parts Distribution was holding an average PEG ratio of 0.82 at yesterday’s closing price.

The Electronics – Parts Distribution industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 9, which puts it in the top 4% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

GM – General Motors Company (GM) Outpaces Stock Market Gains: What You Should Know

General Motors Company (GM Free Report) closed the most recent trading day at $61.49, moving +0.24% from the previous trading session. The stock outpaced the S&P 500’s daily gain of 0.2%.

Prior to today’s trading, shares of the company had gained 12.34% over the past month. This has outpaced the Auto-Tires-Trucks sector’s gain of 4.95% and the S&P 500’s gain of 1.06% in that time.

Wall Street will be looking for positivity from GM as it approaches its next earnings report date. On that day, GM is projected to report earnings of $0.66 per share, which would represent year-over-year growth of 232%.

For the full year, our Zacks Consensus Estimates are projecting earnings of $5.41 per share and revenue of $135.54 billion, which would represent changes of +10.41% and +10.66%, respectively, from the prior year.

Investors should also note any recent changes to analyst estimates for GM. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 2.33% higher. GM is currently a Zacks Rank #2 (Buy).

Valuation is also important, so investors should note that GM has a Forward P/E ratio of 11.34 right now. This represents a discount compared to its industry’s average Forward P/E of 15.49.

It is also worth noting that GM currently has a PEG ratio of 1.15. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company’s expected earnings growth rate. The Automotive – Domestic was holding an average PEG ratio of 1.37 at yesterday’s closing price.

The Automotive – Domestic industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 105, putting it in the top 42% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

F – Ford Motor Company (F) Outpaces Stock Market Gains: What You Should Know

Ford Motor Company (F Free Report) closed at $15.28 in the latest trading session, marking a +1.13% move from the prior day. The stock outpaced the S&P 500’s daily gain of 0.2%.

Heading into today, shares of the company had gained 30.82% over the past month, outpacing the Auto-Tires-Trucks sector’s gain of 4.95% and the S&P 500’s gain of 1.06% in that time.

Investors will be hoping for strength from F as it approaches its next earnings release. In that report, analysts expect F to post earnings of -$0.34 per share. This would mark year-over-year growth of 2.86%. Our most recent consensus estimate is calling for quarterly revenue of $21.99 billion, up 32.3% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.01 per share and revenue of $125.89 billion. These totals would mark changes of +146.34% and +8.65%, respectively, from last year.

Investors should also note any recent changes to analyst estimates for F. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 6.16% higher. F is currently sporting a Zacks Rank of #3 (Hold).

Looking at its valuation, F is holding a Forward P/E ratio of 15.03. This valuation marks a discount compared to its industry’s average Forward P/E of 15.49.

Meanwhile, F’s PEG ratio is currently 0.69. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company’s expected earnings growth rate into account. The Automotive – Domestic industry currently had an average PEG ratio of 1.37 as of yesterday’s close.

The Automotive – Domestic industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 105, which puts it in the top 42% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

HOLX – Hologic (HOLX) Outpaces Stock Market Gains: What You Should Know

Hologic (HOLX Free Report) closed the most recent trading day at $63.39, moving +1.75% from the previous trading session. The stock outpaced the S&P 500’s daily gain of 0.2%.

Prior to today’s trading, shares of the medical device maker had lost 0.8% over the past month. This has lagged the Medical sector’s gain of 4.55% and the S&P 500’s gain of 1.06% in that time.

Wall Street will be looking for positivity from HOLX as it approaches its next earnings report date. On that day, HOLX is projected to report earnings of $1.10 per share, which would represent year-over-year growth of 46.67%. Meanwhile, our latest consensus estimate is calling for revenue of $1.04 billion, up 26.06% from the prior-year quarter.

For the full year, our Zacks Consensus Estimates are projecting earnings of $7.73 per share and revenue of $5.14 billion, which would represent changes of +94.22% and +36.11%, respectively, from the prior year.

It is also important to note the recent changes to analyst estimates for HOLX. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.17% higher. HOLX is holding a Zacks Rank of #5 (Strong Sell) right now.

In terms of valuation, HOLX is currently trading at a Forward P/E ratio of 8.06. Its industry sports an average Forward P/E of 40.5, so we one might conclude that HOLX is trading at a discount comparatively.

Also, we should mention that HOLX has a PEG ratio of 0.85. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock’s expected earnings growth rate. Medical – Instruments stocks are, on average, holding a PEG ratio of 3.3 based on yesterday’s closing prices.

The Medical – Instruments industry is part of the Medical sector. This group has a Zacks Industry Rank of 208, putting it in the bottom 19% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow HOLX in the coming trading sessions, be sure to utilize Zacks.com.

LEN – Lennar (LEN) Outpaces Stock Market Gains: What You Should Know

In the latest trading session, Lennar (LEN Free Report) closed at $92.74, marking a +1.76% move from the previous day. The stock outpaced the S&P 500’s daily gain of 0.2%.

Coming into today, shares of the homebuilder had lost 7.67% in the past month. In that same time, the Construction sector lost 7.02%, while the S&P 500 gained 1.06%.

Investors will be hoping for strength from LEN as it approaches its next earnings release, which is expected to be June 16, 2021. In that report, analysts expect LEN to post earnings of $2.34 per share. This would mark year-over-year growth of 56%. Our most recent consensus estimate is calling for quarterly revenue of $6.16 billion, up 16.59% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $11.10 per share and revenue of $27.22 billion. These totals would mark changes of +41.4% and +21.03%, respectively, from last year.

Investors should also note any recent changes to analyst estimates for LEN. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 1.08% higher. LEN is holding a Zacks Rank of #3 (Hold) right now.

Digging into valuation, LEN currently has a Forward P/E ratio of 8.21. For comparison, its industry has an average Forward P/E of 7.61, which means LEN is trading at a premium to the group.

The Building Products – Home Builders industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 9, which puts it in the top 4% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.

RKT – Rocket Companies (RKT) Outpaces Stock Market Gains: What You Should Know

Rocket Companies (RKT Free Report) closed the most recent trading day at $20.67, moving +0.34% from the previous trading session. This move outpaced the S&P 500’s daily gain of 0.2%.

Heading into today, shares of the company had gained 24.25% over the past month, outpacing the Business Services sector’s gain of 2.63% and the S&P 500’s gain of 1.06% in that time.

Investors will be hoping for strength from RKT as it approaches its next earnings release.

For the full year, our Zacks Consensus Estimates are projecting earnings of $2.18 per share and revenue of $12.85 billion, which would represent changes of -46.96% and -18.36%, respectively, from the prior year.

Investors should also note any recent changes to analyst estimates for RKT. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 13.8% lower within the past month. RKT currently has a Zacks Rank of #5 (Strong Sell).

Looking at its valuation, RKT is holding a Forward P/E ratio of 9.46. This valuation marks a discount compared to its industry’s average Forward P/E of 34.72.

Investors should also note that RKT has a PEG ratio of 0.95 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company’s expected earnings growth rate. Technology Services stocks are, on average, holding a PEG ratio of 2.49 based on yesterday’s closing prices.

The Technology Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 226, putting it in the bottom 12% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.