12/6/2023 0 Comments Splk seeking alphaSpecifically, INMD now expects to generate Q3 revenue of $120.5 million to $120.9 million, versus analysts’ average estimate of $106 million. ![]() It looks like that theory is proving to be correct, as the company recently reported much better-than-expected preliminary Q3 results. I theorized that the resurgence of travel would boost InMode’s results this year. As I reported in an April column, InMode’s “technology enables medical procedures that traditionally require surgery to be done non-invasively in doctors’ offices,” and INMD focuses on providing products that improve individuals’ appearance. Speaking of heating up, InMode (NASDAQ: INMD ) is clearly in that category. And she said that the conglomerate’s overall revenue would climb at least 10% YOY this quarter while its profitability would be relatively strong.ĭespite all this good news, the forward price-earnings ratio of GE stock is a low 14.9, while its trailing price-sales ratio is a very tiny one. More directly, GE CFO Caroline Dybeck Happe last month reported that, in Q4, the company anticipates ” strong growth, organic growth, both from aerospace and healthcare.” Moreover, the CFO expects the company’s Power unit to generate a great deal of service revenue this quarter. Since GE sells and maintains planes’ engines, it should benefit from the airlines’ resurgence. ![]() First, as I’ve pointed out in previous columns, pent-up demand has caused spending on travel to surge, rapidly filling airlines’ coffers and causing them to buy new planes. Despite all this, the valuations of GE stock are pretty low.Ī few clues cumulatively indicate that the conglomerate’s Aviation business is taking off. And the conglomerate’s Healthcare and Power units are poised to do very well this quarter. It is heating up, while the company’s overall revenue is poised to surge. General Electric’s (NYSE: GE) largest, most profitable business is its Aviation unit. Thus, it is one of the quality stocks selling at a discount. The forward price-earnings ratio of JPM stock is a very low 9.13. Moreover, JPM hiked its 2022 net interest income guidance to roughly $61.5 billion, excluding investments, up from its previous outlook of approximately $58 billion. ![]() Specifically, its Q3 earnings per share came in at $3.12, well above analysts’ average outlook of $2.89, while its top line climbed 10.4% year-over-year to $32.72 billion, $840 million above the mean estimate. With their NII likely to remain higher than it has been for many years and fears of a recession overdone, large banks are among the best stocks to buy and hold at this point.ĭespite the intense warnings delivered recently by JPMorgan (NYSE: JPM ) CEO Jamie Dimon, the bank’s actual Q3 results, delivered on Oct. It’s a perfect time to invest in large banks, as the Fed’s interest-rate hikes are meaningfully boosting their net interest income (or NII) while their valuations are at bargain-basement levels. But this time, unlike in the past, the news sparked a steep rally in the stock market.Īdditionally, based on what I have heard on Bloomberg and CNBC since the September inflation report last week, more commentators and market players are realizing that, despite the high CPI reading, actual inflation is slowing rapidly, and the Fed is not going to keep hiking rates for much longer.įinally, we’ve reached Q4, which tends to be better for stocks, and even Morgan Stanley’s permabear, Mike Wilson, perhaps realizing that the bears are about to be burnt and his dire predictions won’t materialize, is becoming bullish.Īnyway, for those investors who think that “this time might be different,” here are seven quality stocks selling at a discount. Repeating a theme that has recurred throughout this bear market (and one that I identified early on and repeated several times), multiple bank CEOs recently noted that American consumers are still financially in good shape and spending a great deal. ![]() As a result, I’m more sure than I’ve ever been during the current bear market that now is the time to find high-quality, cheap stocks to buy and hold for a long time. stocks, I believe that this time could be different and that the long-awaited (by me, at least) bull market may have begun. I know that saying “This time could be different” is dangerous.
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