Daniel Acker | Bloomberg | Getty Images These stocks are making some of the largest moves in midday trading: Mondelez International — Mondelez, which owns snack brands including Oreo and Ritz, dipped 2% despite reporting better-than-expected earnings. Modelez earned 67 cents per share, topping estimates by one cent, according to Refinitiv. Revenue came in at Alerus Financial (NASDAQ:ALRS) posted its earnings results on Thursday. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.05), MarketWatch Earnings reports. Alerus Financial had a net margin of 17.50% and a return on equity of 13.97%. NASDAQ:ALRS traded down $1.87 during trading hours on Friday, reaching $24.06. 32,500 […] The Stock Exchange of Thailand: Your Investment Resource for Thailand’s Capital Market This leading renewable energy company has a bright future as it pivots toward the sun. The Federal Reserve’s job might be easier if stocks stopped going up, but there is little risk that the central bank is about to get in the market’s way. Stock valuations are looking stretched, and for some observers bubble alarm bells are starting to sound. By a variety of measures, including price to expected earnings […] More
Daniel Acker | Bloomberg | Getty Images
These stocks are making some of the largest moves in midday trading:
Mondelez International — Mondelez, which owns snack brands including Oreo and Ritz, dipped 2% despite reporting better-than-expected earnings. Modelez earned 67 cents per share, topping estimates by one cent, according to Refinitiv. Revenue came in at $7.30 billion, higher than expectations of $7.16 billion.
Chevron — Shares of the oil giant slid more than 3% after it missed analyst expectations on the top and bottom line during the fourth quarter. Excluding items, the company reported a loss of one cent per share, which was below the expected 7-cent per share profit, according to analysts surveyed by Refinitiv. Revenue came in at $25.25 billion, also short of the expected $26.2 billion.
GameStop, AMC Entertainment, Koss— Stocks targeted by a legion of retail investors this week continued their fevered rise on Friday with names like video game retailer GameStop and headphone maker Koss spiking on the week’s final day of trading. By around 11:38 a.m. ET, GameStop had added 62%, AMC had climbed 61% and the value of Koss shares had doubled.
Johnson & Johnson — Shares of the drugmaker slid 3.9% after phase three trial data showed that the company’s Covid-19 vaccine was 72% effective in the U.S. but less effective in other regions, including South Africa. Mutations in the virus, including one found in South Africa, have raised concerns about vaccines being unable to stop different strains of Covid.
Novavax — Shares of Novavax spiked more than 65% in midday trading after the biotech company said Thursday that its Covid-19 vaccine candidate had 89.3% efficacy in a U.K. trial. If the stock ended the day up at its current price, it would be Novavax’s highest close since August 2015.
Skyworks Solutions — Skyworks shares climbed 8.3% after it reported on Thursday profit results and a forecast that surpassed analysts’ expectations. The semiconductor-component company posted first-quarter net income of $509.3 million compared with $257.1 million one year ago. Skyworks also announced a stock buyback program.
Author: by admin
Alerus Financial (NASDAQ:ALRS) Posts Quarterly Earnings Results, Misses Estimates By $0.05 EPS
Alerus Financial (NASDAQ:ALRS) posted its earnings results on Thursday. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.05), MarketWatch Earnings reports. Alerus Financial had a net margin of 17.50% and a return on equity of 13.97%.
NASDAQ:ALRS traded down $1.87 during trading hours on Friday, reaching $24.06. 32,500 shares of the company were exchanged, compared to its average volume of 26,416. The company has a market capitalization of $411.96 million, a P/E ratio of 10.15 and a beta of 0.81. Alerus Financial has a 1-year low of $15.05 and a 1-year high of $30.80. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.89 and a quick ratio of 0.85. The business has a 50 day moving average of $28.30 and a 200 day moving average of $26.45.
The business also recently declared a quarterly dividend, which was paid on Friday, January 8th. Investors of record on Friday, December 18th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date was Thursday, December 17th. Alerus Financial’s dividend payout ratio is currently 31.41%.
About Alerus Financial
Alerus Financial Corporation, through its subsidiary Alerus Financial, National Association, provides various financial services to businesses and consumers in the United States. The company operates through four segments: Banking, Retirement and Benefit Services, Wealth Management, and Mortgage. It offers various deposit products and services, including demand deposits, checking, interest-bearing transaction accounts, money market accounts, time and savings deposits, and certificates of deposit; and treasury management products, including electronic receivables management, remote deposit capture, cash vault services, merchant services, and other cash management services.
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Author: Oscar Bower
The Stock Exchange of Thailand
My Best Solar Energy Stock for 2021
Solar energy stocks were blistering hot last year. The Invesco Solar ETF — an exchange-traded fund that holds 37 solar-focused companies — soared more than 230% in 2020. Powering that surge was increased investor enthusiasm in the sector as costs come down and the global economy pivots toward renewable energy.
Given last year’s run, it wouldn’t be too surprising to see solar stocks cool off in 2021. However, the sector has such a bright future that investors should look at sell-offs as potential long-term buying opportunities. Topping my list as the best solar stock for 2021 and beyond — and one I’d buy on a big dip — is Brookfield Renewable (NYSE:BEP)(NYSE:BEPC).
Image source: Getty Images.
Brookfield Renewable is relatively new to the solar sector. It made its first foray in 2017 when it invested in TerraForm Power and TerraForm Global. It has since grown its solar business to about 9% of its cash flow, with the rest coming from hydroelectric (64%) and wind power (27%).
The company has been steadily building its solar platform via a series of acquisitions. Its latest purchase is the solar business of utility Exelon (NYSE:EXC). The company and its institutional partners are paying $810 million to acquire 360 megawatts (MW) of distributed solar (i.e., rooftop and community systems) across 600 U.S. sites. In addition to that operating portfolio, Brookfield gets a pipeline of more than 700 MW of projects under development.
The operating portfolio will provide incremental cash flow to support Brookfield’s current dividend, while the development assets bolster its growth prospects. The acquisition also enhances the company’s position as one of the largest owner-operators of distributed generation assets in the U.S. at about 2,000 MW. That increased scale will enable the company to generate more cash and higher returns from the overall portfolio because it can leverage its size to reduce costs.
That transaction builds on Brookfield’s already extensive solar project backlog. The company had 18.3 gigawatts (GW) of renewable energy projects in development, nearly as large as its existing 19.4 GW operating portfolio. More than half of those development projects are solar, which is noteworthy given the returns Brookfield expects to earn from those investments.
The company pointed out that one project — a 1.2 GW development in Brazil that it acquired last year — should achieve about 20% returns on its investment. That’s impressive given its size as one of the world’s largest solar development projects. Brookfield believes it can produce such robust returns because of its scale, which should drive down equipment procurement, installation, and operating costs for this project.
That project is just one example of what Brookfield sees ahead for its solar business. Because the returns are so good thanks to its increasing scale and the rapidly declining costs of solar panels and other components, Brookfield believes solar could be its biggest business within the decade.
While the company already has a large-scale solar energy operating portfolio and an extensive development pipeline, that likely won’t stop it from continuing to expand its solar business this year via additional acquisitions. The company expects to invest up to $1 billion per year on new investments, with solar likely a key focus area. It has a top-notch balance sheet that gives it the financial flexibility to pursue additional solar energy sector opportunities, including $3.4 billion of available liquidity to make deals. Future solar acquisitions will most likely follow a similar blueprint to the Exelon deal by coming with a development pipeline, allowing it to leverage its scale to enhance the returns.
Brookfield Renewable has focused a lot of attention on building out its solar energy portfolio over the last few years. These investments should continue to pay dividends in 2021 and beyond by providing it with a fast-rising cash flow stream so that it can keep boosting its dividend. That highly visible upside is why it tops my list as the best solar stock for this year and those to come.
Author: Matthew DiLallo
Powell Won’t Pop This Bubble (Yet)
The Federal Reserve’s job might be easier if stocks stopped going up, but there is little risk that the central bank is about to get in the market’s way.
Stock valuations are looking stretched, and for some observers bubble alarm bells are starting to sound. By a variety of measures, including price to expected earnings and price to the past decade’s inflation-adjusted earnings, equities have never been so expensive outside of the dot-com bubble years.
And then there is the massive amount of speculation and huge price swings that we have begun seeing in some corners of the market—witness the frenzied trading in GameStop shares over the past week—and which have been hallmarks of past bubbles.
Fed officials used to view bubbles as beyond their purview, but the 2008 financial crisis changed that, providing them with a painful lesson that, if it cared about the economy, it should worry about financial market excesses. For now, though, it professes no interest in leaning against the market. Pressed to comment on the stock market in his press conference following the Fed’s two-day policy meeting, Fed Chairman Jerome Powell said on Wednesday that across the asset market, banking and other financial areas the central bank looks at “vulnerabilities overall are moderate.”
One reason the Fed isn’t fazed by stock valuations is that it is among those arguing that, in the current low-interest-rate environment, stock prices aren’t dangerously excessive.
Author: Written by FinancialNews