• Best stocks to buy now
  • Contact
  • Disclaimer
Friday, June 10, 2022
No Result
View All Result
  • ItalianoItaliano
Best Stocks
  • News
  • Best stocks to buy nowHOT
    Best Stocks To Buy Now June 08

    Best Stocks To Buy Now: June 09, 2022

    Best Stocks To Buy Now June 08

    Best Stocks To Buy Now: June 08, 2022

    Best Stocks To Buy Now June 06

    Best Stocks to Buy Now: June 07, 2022

    Trending Tags

    • BABA
    • DIS
    • TSLA
    • SKLZ
    • NYSE: GME
  • Categories
    • Crypto
    • Dow Jones Today
    • Pre-IPO and Startups
    • Tech Stocks
    • Utility Stocks
  • Data & Tools
    • Indices
    • Portfolio Tracker
    • Stock Quotes
    • Stock Targets
  • About us
  • News
  • Best stocks to buy nowHOT
    Best Stocks To Buy Now June 08

    Best Stocks To Buy Now: June 09, 2022

    Best Stocks To Buy Now June 08

    Best Stocks To Buy Now: June 08, 2022

    Best Stocks To Buy Now June 06

    Best Stocks to Buy Now: June 07, 2022

    Trending Tags

    • BABA
    • DIS
    • TSLA
    • SKLZ
    • NYSE: GME
  • Categories
    • Crypto
    • Dow Jones Today
    • Pre-IPO and Startups
    • Tech Stocks
    • Utility Stocks
  • Data & Tools
    • Indices
    • Portfolio Tracker
    • Stock Quotes
    • Stock Targets
  • About us
No Result
View All Result
Best Stocks
Home Best Stocks to Buy Now

Best stocks to buy after earnings

by Elaine Mendonça
January 21, 2022
in Best Stocks to Buy Now
0
Best stocks to buy after earnings

Source: Getty Images

10
SHARES
415
VIEWS
Share on FacebookShare on Twitter

These companies delivered strong quarterly results, and analysts predict that their stock prices will rise.

According to Refinitiv data, more than 85 percent of S&P500 components have reported quarterly results, with 88 percent exceeding earnings estimates.

Analysts scoured the top Wall Street research to uncover some of the most intriguing buying opportunities.

Centene, PayPal, Citi, Accolade, Caesars, and Texas Roadhouse are among them.

Contents hide
1 PayPal
1.1 Texas Roadhouse is a restaurant in Texas.
1.2 Overweight rating for Centene – Wells Fargo
1.3 Stifel Award, Buy Rating
1.4 KeyBanc – Caesars Entertainment, Overweight rating
1.5 PayPal – JMP received a Market Outperform rating.
1.6 BTIG, Buy rating for Texas Roadhouse
1.7 Citi- Oppenheimer has an outperform rating.

PayPal

PayPal's stock was up nearly 1.4 percent for the week.
Source: Getty Images

Continue to buy PayPal stock, according to JMP Securities analyst David Scharf in a client note last week.

PayPal reported second-quarter earnings in late July, which included a revenue miss as well as a 23 percent drop in profit from the previous year.

While the results were not perfect, Scharf believes they are adequate for investors.

“The company delivered record results in almost every metric during 2Q21, except perhaps Street expectations,” he said.

The company attributed the “noise” in second-half guidance to “a quicker-than-planned fall-off in eBay volumes,” as the auction website phased out the PayPal service.

Engagements, on the other hand, are continuing to rise, which is good news for PayPal, according to Scharf.

“By almost every measure, user engagement is increasing,” he added.

Scharf also reiterated his outperform rating and advised investors to buy the dip.

“As we reiterate our call that PayPal remains the most compelling digital payments ecosystem in our opinion, we would be particularly interested in purchasing the shares in the event of a near-term correction,” he wrote.

PayPal’s stock was up nearly 1.4 percent for the week.

Texas Roadhouse is a restaurant in Texas.

Texas Roadhouse stock is up 17.3 percent this year.
Source: Getty Images

According to BTIG’s Peter Saleh, the steak-themed restaurant company is running on all cylinders.

“The dining room traffic has completely recovered,” he said.

Texas Roadhouse reported second-quarter earnings last week that exceeded expectations, despite rising commodity prices.

Shareholders, on the other hand, should not be concerned, according to Saleh.

“While we were surprised by the commodity inflation outlook, we believe investors should pay attention to the restaurant level profit dollars per restaurant, which were 15% higher than the previous peak in 2019,” he said.

Texas Roadhouse has “ample pricing power should they choose to use it,” according to Saleh, but history shows that commodity concerns rarely last.

“We consider Texas Roadhouse to be one of the most compelling casual dining concepts, with consistently industry-leading sales, superior unit economics, and significant long-term unit potential,” Saleh said.

Texas Roadhouse stock is up 17.3 percent this year.

Caesars Entertainment is a company that provides entertainment.

“2Q21 was further evidence of the CZR-specific earnings and margin power story taking hold,” wrote KeyBanc analyst Brett Andress following the casino company’s second-quarter results on Wednesday.

Andress was particularly impressed by the company’s significant revenue growth in Las Vegas.

“In comparison to our model, the beat was primarily led by outsized LV results, with the Regional segment also performing well,” he explained.

After listening to Caesar’s conference call, the firm expressed confidence that coronavirus fears and regulations could be overcome if management executes.

“While delta concerns remain, weighing on sentiment across the group (among other things), mgmt made the point that mask mandates are less onerous compared to what was experienced in 2Q2, maintaining confidence that NT (near-term) occupancy is expected to remain in the low/mid-90s,” he said.

Although obvious challenges remain, investors would be wise to be patient with the stock, according to the firm.

“We believe CZR provides one of the most compelling LT (long term) upside narratives in gaming,” he wrote.

The stock market finished the week up nearly 3.5 percent.

Overweight rating for Centene – Wells Fargo

Overweight rating for Centene - Wells Fargo
Source: Getty Images

“On 7/27, CNC reported Q2 results and adjusted guidance components while maintaining the EPS range, despite the fact that the lower end of the range remains the most likely outcome. While EPS exceeded expectations in Q2, MLR (medical loss ratio) fell short for the third quarter in a row. While higher-than-expected exchange costs add near-term uncertainty (which we acknowledge with a slightly lower price target), we continue to see the longer-term opportunity for margin expansion and multiple expansion as quite compelling.”

Stifel Award, Buy Rating

“ACCD outperformed in the first quarter (May) and raised FY22 guidance due to positive momentum in the core business (33 percent organic growth) as well as acquired assets.” We believe ACCD provides one of the most compelling and distinct growth opportunities in the digital health space. While multiple expansion may be limited in the short term, we believe the ACCD platform is poised for share gains and can sustain 25% growth or higher over the next several years.′

KeyBanc – Caesars Entertainment, Overweight rating

KeyBanc - Caesars Entertainment, Overweight rating
Source: Getty Images

“2Q21 saw the CZR-specific earnings and margin power story take hold, with 50 percent Las Vegas margins and an exit rate in excess of $4.5B/$10 per share FCF….” In comparison to our model, the beat was primarily driven by outsized LV results, with the Regional segment also performing well. While Delta concerns remain, weighing on sentiment across the group (among other things), management stated that mask mandates are less onerous than what was seen in 2Q21, maintaining confidence that NT occupancy will remain in the low/mid-90s.”

PayPal – JMP received a Market Outperform rating.

“The company delivered record results in almost every metric during 2Q21, with the exception of Street expectations….” Importantly, the ‘noise’ in the second-half guidance is almost entirely explained by a faster-than-expected decline in eBay volumes, which have higher take rates… As we reiterate our belief that PayPal remains the most compelling digital payments ecosystem in our opinion, we would be particularly interested in purchasing the shares if there is a near-term correction. User engagement continues to rise by almost every metric.”

BTIG, Buy rating for Texas Roadhouse

BTIG, Buy rating for Texas Roadhouse
Source: Getty Images

“While the commodity inflation outlook surprised us, we believe investors should focus on the restaurant level profit dollars per restaurant, which were 15% higher than the previous peak in 2019. Furthermore, given their history of underpricing competitors, we believe Texas Roadhouse has ample pricing power if they choose to use it… Dining Room Traffic Is Completely Recovered… We consider Texas Roadhouse to be one of the most compelling casual dining concepts, with industry-leading sales, superior unit economics, and significant long-term unit potential.”

Citi- Oppenheimer has an outperform rating.

“The most enticing opportunity among large cap banks… Citi reported 2Q21 earnings per share of $2.85, compared to our $1.63 estimate and the consensus’ $1.97E… Citi is still one of the cheapest banks in our coverage universe, trading at 0.88x tangible book value. Based on consensus estimates for the S&P500 and our estimates for Citi, our $116 price target assumes a 70% relative P/E multiple. This is at the lower end of the 70 to 80 percent range that we consider to be fair value for banks.”

Tags: Best StocksBTIGCiti stockNASDAQ: TXRHPayPal StockStocks to buyTexas Roadhouse Stock
Elaine Mendonça

Elaine Mendonça

My focus is on uncovering early-stage ideas with the potential to have a lasting impact. My educational background includes a bachelor's degree in finance, an MBA, and two tests completed - the CFA and CMT. Over the last nine years, I have managed my investment portfolio using fundamental analysis and value investing, emphasizing long-term time horizons.

Latest

Inflation

Inflation, A Wreaking Havoc On The Home Budgets Of Americans

1 hour ago
tesla news

Stock Market Decline Has Created An Appealing Entry Opportunity For A High-Growth Company Like Tesla

17 hours ago

Popular News

  • AMZN Stock Forecast

    Amazon Stock Forecast And Price Prediction (Updated June 2022)

    17 shares
    Share 0 Tweet 0
  • Tesla Stock: Buy Now Or After Split?

    15 shares
    Share 0 Tweet 0
  • Stocks to buy now – April 2nd, 2022

    16 shares
    Share 0 Tweet 0
  • What and how to research before you begin forex trading

    15 shares
    Share 0 Tweet 0
  • The Chick Fil A Stock Price and Net Worth: The Company and Its Value

    28 shares
    Share 0 Tweet 0

Free Stocks Recommendations

Get notified everytime we recommend a stock.
Marketing by

DISCLAIMER

Nothing on this website should be considered personalized financial advice. Any investments recommended here in should be made only after consulting with your personal investment advisor and only after performing your own research and due diligence, including reviewing the prospectus or financial statements of the issuer of any security.

The Best Stocks, its managers, its employees, affiliates and assigns (collectively “The Company”) do not make any guarantee or warranty about the advice provided on this website or what is otherwise advertised above.

READ MORE

Follow us on Social Media
Facebook – YouTube – Twitter

Write for us
Finance – Business

Best-Stocks-Logo_dark

Categories
Best Stocks to buy now
Crypto
Dow Jones Today
Pre-IPO and Startups
Tech stocks
Utility Stocks

Data and Tools
Quote
Target
Wealth
Converter
Dow Jones Today

Best Stocks to Buy Now

We are a financial media dedicated to providing stock recommendations, news, and real-time stock prices.

Newsletter

Get free stock recommendations and real-time news. Our portfolio has returned over 100% in 2020.

Marketing by
  • Disclaimer
  • Best stocks to buy now
  • Contact
  • Write for us – Finance, Crypto

© 2022 Best Stocks

No Result
View All Result
  • Home
  • News
  • Best stocks to buy now
  • Categories
    • Crypto
    • Dow Jones Today
    • Pre-IPO and Startups
    • Tech stocks
    • Utility Stocks
  • Data & Tools
    • Indices
    • Portfolio Tracker
    • Stock Quotes
    • Stock Targets
  • About us
  • English
  • Italiano

© 2022 Best Stocks