Mission Produce, Inc. (AVO) Soars to 52-Week High, Time to Cash Out?
ZACKS· 2024-09-19 22:15
Have you been paying attention to shares of Mission Produce, Inc. (AVO) ? Shares have been on the move with the stock up 27.6% over the past month. The stock hit a new 52-week high of $13.5 in the previous session. Mission Produce, Inc. has gained 32.4% since the start of the year compared to the 8.9% move for the Zacks Consumer Staples sector and the -8.1% return for the Zacks Agriculture - Operations industry. What's Driving the Outperformance? The stock has a great record of positive earnings surprises, ...
1 Big New Reason to Buy Talkspace Stock, and 1 Reason to Avoid It
The Motley Fool· 2024-09-19 22:15
Amazon's health platform could send a lot of business to Talkspace. Talkspace (TALK 2.21%), the provider of virtual behavioral-health services, just made a move that builds on the bull thesis for the stock. Thanks to a new collaboration with Amazon, there's a good chance that it will be able to grow its revenue significantly faster than before. But Talkspace isn't exactly a low-risk pick, nor is its success inevitable. Let's break down the importance of its Amazon deal and analyze what the business is still ...
Is Trending Stock Marvell Technology, Inc. (MRVL) a Buy Now?
ZACKS· 2024-09-19 22:05
Marvell Technology (MRVL) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this chipmaker have returned +0.3%, compared to the Zacks S&P 500 composite's +1.3% change. During this period, the Zacks Technology Services industry, which Marvell falls in, has gained 6.6%. The key question now is: What could be the stock's future direction?A ...
CAVA Group, Inc. (CAVA) is Attracting Investor Attention: Here is What You Should Know
ZACKS· 2024-09-19 22:05
Cava Group (CAVA) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this Mediterranean restaurant chain have returned +20.8% over the past month versus the Zacks S&P 500 composite's +1.3% change. The Zacks Retail - Restaurants industry, to which Cava belongs, has gained 3.5% over this period. Now the key question is: Where could the stock be headed in the near term?Although med ...
Is Teleflex Stock a Smart Option for Your Portfolio Right Now?
ZACKS· 2024-09-19 22:05
Teleflex's (TFX) robust performance in the Interventional product line is poised to help it grow in the upcoming quarters. The Urolift system is seeing consistent growth in hospitals, with positive trial results further enhancing its market position for benign prostatic hyperplasia (BPH) treatment. The densely populated markets in Asia also present a promising opportunity for growth. However, the impact of macroeconomic challenges and currency fluctuations remains concerning for the company.In the past year ...
Pfizer Stock Rises 7.3% in 3 Months: Should You Invest Now?
ZACKS· 2024-09-19 22:05
Pfizer (PFE) stock has risen 7.3% in the past three months compared with an increase of 2.9% for the industry. The stock has also outperformed the sector as well as the S&P 500, as seen in the chart below.PFE Stock Outperforms Industry, Sector & S&P 500Image Source: Zacks Investment ResearchAnyone can think that rising 7.3% over three months is not a big deal. However, when it comes to Pfizer, it is an important achievement. During the pandemic, Pfizer gave the world the first and most widely used vaccine, ...
Cerro de Pasco Resources Announces AGM Results, Appointment of Consultant and Stock Options Grant
GlobeNewswire News Room· 2024-09-19 22:02
MONTREAL, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Cerro de Pasco Resources Inc. (CSE: CDPR) (Frankfurt: N8HP) ("CDPR," or the "Corporation") is pleased to announce the results of its annual meeting of shareholders held on September 17, 2024 (the "Meeting"). AGM Results All resolutions put to vote at the Meeting passed with 99% or higher approval from the votes cast. The Corporation elected eight directors to its board, namely, John Booth, Frank Hodgson, Manuel Lizandro Rodriguez, Steven Zadka, Eduardo Loret de M ...
UAW warns of potential strikes at Ford, Stellantis a year after unprecedented work stoppages
CNBC· 2024-09-19 22:01
UAW president Shawn Fain and members and workers at the Mopar Parts Center Line, a Stellantis Parts Distribution Center in Center Line, Michigan, picket outside the facility after walking off their jobs at noon on September 22, 2023.DETROIT – A year after unprecedented strikes by the United Auto Workers against the Detroit automakers, the union is once again threatening work stoppages that could disrupt the U.S. automotive industry.The UAW on Wednesday announced a strike deadline at a Ford Motor tool and di ...
Fed Cuts Interest Rates by 50Bps: What This Means for Bank Stocks
ZACKS· 2024-09-19 22:01
In an aggressive start to its monetary policy easing, the Federal Reserve cut the interest rates by 50 basis points, bringing the fund rates to the 4.75-5% range. This marked the end of an era of aggressive interest rate hikes to tame "persistent" inflation. The central also indicated two more rate cuts this year, which will bring the Fed funds rate down to 4.4% in 2024. Following the announcement, the markets' reaction was subdued, and all three major indexes ended in red on Wednesday. On the other hand, i ...
Descartes Expands Product Portfolio With $24M MyCarrierPortal Buyout
ZACKS· 2024-09-19 22:01
Descartes Systems (DSGX) recently expanded its portfolio with the acquisition of Assure Assist, Inc., operating as MyCarrierPortal ("MCP"). MCP is renowned for its carrier onboarding and risk monitoring solutions for the trucking industry, enabling freight brokers and shippers to manage their carrier networks efficiently. The initiative is aimed at bolstering DSGX's capabilities in fraud prevention and compliance within the trucking industry. Descartes' acquisition of MCP involves an up-front consideration ...