Market

Beyond Meat, Inc Ranked Among Today’s Trending Stocks

The stock market rallied today after a minor pullback yesterday, shoving aside worries about covid-19, growth rates, and slipping bond yields signaling some trouble on the horizon. The Dow Jones was the major winner, pushing up over 350 points, and reversing yesterday’s losses – apparently, the dip has been bought. Reopening stocks and financials were surging more than 2.5% in some cases, as General Motors led the way up 3.5% after an upgrade from Wedbush on its future prospects. Big Tech was muted, however, as President Biden took aim with an executive order to encourage federal agencies to adopt push-back policies to some of their competitive practices.

Q.ai runs daily factor models to get the most up-to-date reading on stocks and ETFs. Our deep-learning algorithms use Artificial Intelligence (AI) technology to provide an in-depth, intelligence-based look at a company – so you don’t have to do the digging yourself. 

Sign up for the free Forbes AI Investor newsletter here to join an exclusive AI investing community and get premium investing ideas before markets open.

Nike Inc (NKE)

Apparel giant Nike is tops on our trending stocks list today. Nike remains the world’s largest supplier of athletic shoes and apparel, and is the world’s most valuable brand among sports businesses. Earnings have been pretty strong for the giant lately, as their push into the Chinese market has continued to thrive. Next earnings aren’t out until September, but judging by the market reaction lately, they could be impressive. The stock closed up 0.29% to $160.63 on volume of 6,081,641 vs its 10-day price average of $154.94 and its 22-day price average of $141.93, and has posted a respectable 13.54% gain for the year.  

Our AI systems rated Nike solid but unspectactular, with a C in Technicals, C in Growth, B in Low Volatility Momentum, and C in Quality Value. Speaking of earnings, revenue grew by 13.86% over the last three fiscal years, while Operating Income grew by 50.82% in the three fiscal years. EPS impressively grew by 42.97% in the last three fiscals. Overall, revenue was $44538.0M in the last fiscal year compared to $39117.0M three years ago, Operating Income was $7197.0M in the last fiscal year compared to $4772.0M three years ago, EPS was $3.56 in the last fiscal year compared to $2.49 three years ago, and ROE was 55.01% in the last year compared to 42.74% three years ago. The stock is trading with a Forward 12M P/E of 37.28.

Wells Fargo & Company (WFC)

Wells Fargo & Company is another trending stock today. Wells Fargo is one of the largest banks in the United States, with approximately $1.9 trillion in balance sheet assets. The company is split into four primary segments: consumer banking, commercial banking, corporate and investment banking, and wealth and investment management. It is almost entirely focused on the U.S. With financials surging today, Wells Fargo is no exception gaining almost 3%. Yesterday was another story, as the stock closed down 2.49% to $42.32 on volume of 29,148,740 vs its 10-day price average of $44.71 and its 22-day price average of $44.63. Still, the company has posted a fantastic 40.23% gain for the year. 

Our AI systems rated Wells Fargo D in Technicals, D in Growth, B in Low Volatility Momentum, and D in Quality Value. Revenue has been solid with a 9.26% increase in the last fiscal year, while Operating income grew by 216.11% in the last fiscal. EPS was where the company has really shined lately with a growth of 255.17% gain in the last fical year. 

Overall numbers are impressive as well, with revenue coming in at $58319.0M in the last fiscal year compared to $84696.0M three years ago, Operating Income was $2117.0M in the last fiscal year compared to $28538.0M three years ago. EPS followed with $0.41 in the last fiscal year compared to $4.28 three years ago, and ROE was a disappointing 1.92% in the last year compared to 11.29% three years ago. The stock is also trading with a Forward 12M P/E of 12.18.

Moderna, Inc (MRNA) 

Moderna, Inc is a trending stock today and third on our list. Obviously, this stock has had an excellent year, developing a covid-19 vaccine using techniques that go along with its stock ticker (mRNA). The company overall is a commercial-stage biotech that was founded in 2010 and had its initial public offering in December 2018. The firm’s mRNA technology was rapidly validated with its COVID-19 vaccine, which was authorized in the United States in December 2020.  The stock has done exceptionally this year, up 122.83%, and closed up 4.91% to $232.79 on volume of 8,719,363 vs its 10-day price average of $228.99 and its 22-day price average of $218.47. 

Our AI systems rated the company C in Technicals,F in Growth, D in Low Volatility Momentum, and B in Quality Value. Overall earnings have been in line with the stock movement, with revenue growing by 240.11% in the last fiscal year and by a whopping 1922.98% over the last three fiscal years. Revenue was $803.4M in the last fiscal year compared to $135.07M three years ago, Operating Income was $(763.14)M in the last fiscal year compared to $(413.27)M three years ago, EPS was $(1.96) in the last fiscal year compares to $(4.95) three years ago, and ROE was (39.99%) in the last year compared to (35.7%) three years ago. Forward 12M revenue is expected to grow by 17.05% over the next 12 months and the stock is also trading with a Forward 12M P/E of 16.9.

Beyond Meat, Inc (BYND)

Beyond Meat, Inc is our fourth trending stock today. Beyond Meat is a provider of plant-based meats, such as burgers, sausage, ground beef, and chicken. Unlike other vegetarian products, Beyond Meat seeks to replicate the look, cook, and taste of meat, is targeted to omnivores and vegetarians alike, and is sold in the meat case. Of course, the company has flourished in an age where global climate change due to the meat industry has been given many issues, and the launch to fandom since their IPO back in 2019 has been impressive.  The stock closed down 0.79% to $139.23 on volume of 2,260,522 vs its 10-day price average of $148.99 and its 22-day price average of $148.7, but is still up 11.38% for the year. 

Our AI systems rated the company D in Technicals, F in Growth, D in Low Volatility Momentum, and F in Quality Value. Revenue has been slow lately but impressive over the long term, growing by 2.73% in the last fiscal year but by 375.21% over the last fiscal year, part in thanks to many corporate partnerships. Operating income grew by 83.62% in the last fiscal year and by 118.58% in the last three fiscal years, while EPS grew by 54.07% in the last fiscal year. 

Revenue was $406.78M in the last fiscal year compared to only $87.93M three years ago, Operating Income was $(31.52)M in the last fiscal year compared to $(26.47)M three years ago, EPS was $(0.85) in the last fiscal year compared to $(4.75) three years ago, and ROE was (14.04%) in the last year compared to (45.95%) three years ago. Forward 12M revenue is expected to grow by 8.21% in the next 12 months and the stock is also trading with a Forward 12M P/E of 13.14.

Delta Air Lines, Inc (DAL) 

Delta Air Lines, Inc is our final trending stock today, and well it should be given the reopening trade is really picking up steam today. July 4 travel has been huge for this company, as travel exceeded last year’s holiday by far. The Atlanta-based airline is one of the world’s largest airlines, with a network of over 300 destinations in more than 50 countries. The stock closed down 1.1% to $42.07 on volume of 10,363,900 vs its 10-day price average of $43.48 and its 22-day price average of $44.73, but has gained 4.63% for the year.

 Our AI systems rated Delta D in Technicals, F in Growth, F in Low Volatility Momentum, and F in Quality Value. Operating Income grew by 23.68% in the last fiscal year while EPS grew by 5.22%. Revenue was $17095.0M in the last fiscal year compared to $44438.0M three years ago, Operating Income was $(9200.0)M in the last fiscal year compared to $5459.0M three years ago, EPS was $(19.49) in the last fiscal year compared to $5.67 three years ago, and ROE was (146.64%) in the last year compared to 30.02% three years ago. Forward 12M Revenue is expected to grow by 14.5% over the next 12 months as people get back to flying comfortably. 

Liked what you read? Sign up for our free Forbes AI Investor Newsletter here to get AI driven investing ideas weekly. For a limited time, subscribers can join an exclusive slack group to get these ideas before markets open.

Most Related Links :
reporterwings Governmental News Finance News

Source link

Back to top button