V.F. Corp Stock Gains 30% in 3 Months: What's Next for Investors?
ZACKS· 2024-09-21 00:46
V.F. Corporation (VFC) has provided investors with solid gains, appreciating 31.7% over the past three months. This performance outpaces the industry’s decline of 3.5% and the S&P 500’s 4.4% growth. This gain is attributed to several factors, including its Reinvent transformation program, cost-reduction initiatives and strengthening balance sheet.One of the most crucial aspects of V.F. Corp's recent progress is its focus on stabilizing gross margins. While the company continues to face near-term uncertainti ...
Fortive To Separate Into Two Public Companies
Forbes· 2024-09-21 00:45
(Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images)LightRocket via Getty ImagesDeal OverviewOn September 04, 2024, Fortive Corporation (NYSE: FTV, $75.71; Market Cap: $26.52 billion) announced its plans to spin-off its Precision Technologies segment (“NewCo”). The spin-off will result in the formation of two separate publicly traded companies, each with distinct business models and customized investment and capital allocation strategies.Post separation, Fortive (stub) will includ ...
Ideaya Biosciences Advances Synthetic Lethality With IDE397 Success
Seeking Alpha· 2024-09-21 00:45
IDEAYA Biosciences, Inc. (NASDAQ: IDYA ) is a unique precision oncology company. IDYA leverages its synthetic lethality platform to exploit genetic vulnerabilities in cancer cells. The company mainly focuses on MTAP-deleted tumors and BRCA/HRD mutations. Its pipeline includes candidates such as Darovasertib, currentlyMy name is Myriam Hernandez Alvarez. I received the Electronics and Telecommunication Engineering degree from the Escuela Politecnica Nacional, Quito, Ecuador, the M.Sc. degree in computer scie ...
Will Revenue Contraction Affect Jabil's Q4 Earnings Results?
ZACKS· 2024-09-21 00:41
Jabil Inc. (JBL) is set to release fourth-quarter fiscal 2024 results on Sept. 26, before the opening bell. In the last reported quarter, the company delivered an earnings surprise of 2.16%. It pulled off a trailing four-quarter earnings surprise of 3.10%, on average.The leading global supplier of electronic manufacturing services is likely to witness a revenue contraction year over year in the fourth quarter of fiscal 2024. Soft demand trends in some end markets and macroeconomic challenges are likely to i ...
RIO to Test Biofuel Crop for Renewable Diesel Production in Australia
ZACKS· 2024-09-21 00:41
Rio Tinto (RIO) announced that it would invest in Pongamia seed farms in Australia to explore the possibility of using its seed oil as a feedstock for renewable diesel. RIO sees biofuels as an avenue to reduce the dependence on fossil diesel, which accounts for around 10% of its emissions footprint in Australia.To achieve net-zero Scope 1 and 2 carbon emissions by 2050, Rio Tinto has chosen electrification as the long-term solution for replacing the use of diesel in its fleet. While electrification is in pr ...
MFC Stock Near 52-Week High: Should You Buy or Wait for a Pullback?
ZACKS· 2024-09-21 00:41
Shares of Manulife Financial Corporation (MFC) closed at $28.87 on Thursday, near its 52-week high of $28.89. A strong-performing Asia business, expanding Wealth and Asset Management business and a solid capital position are driving the stock price higher.The company is one of the three dominant life insurers within its domestic Canadian market and possesses rapidly growing operations in the United States and several Asian countries. Earnings grew 4.9% in the last five years, better than the industry averag ...
VNDA Stock Down as FDA Rejects NDA for Tradipitant in Gastroparesis
ZACKS· 2024-09-21 00:41
Vanda Pharmaceuticals Inc. (VNDA) announced that the FDA issued a complete response letter (CRL) to its new drug application (NDA) seeking approval for its pipeline candidate, tradipitant for the treatment of symptoms in gastroparesis.Shares of the company were down 6.1% on Sept. 19 following the announcement of the news.Marked by delayed gastric emptying, gastroparesis is a serious condition that slows down the stomach's ability to empty its contents. The FDA has not approved any effective medicine for tre ...
TXT or RTX: Which Is the Better Value Stock Right Now?
ZACKS· 2024-09-21 00:41
Investors interested in Aerospace - Defense stocks are likely familiar with Textron (TXT) and RTX (RTX) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our ...
VIRT vs. BX: Which Stock Is the Better Value Option?
ZACKS· 2024-09-21 00:41
Investors interested in Financial - Miscellaneous Services stocks are likely familiar with Virtu Financial (VIRT) and Blackstone Inc. (BX) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and ou ...
TFX vs. EW: Which Stock Should Value Investors Buy Now?
ZACKS· 2024-09-21 00:41
Investors interested in Medical - Instruments stocks are likely familiar with Teleflex (TFX) and Edwards Lifesciences (EW) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight s ...