Hot Stocks To Buy For 2019

tags:CDZI,TIVO,MEOH,BWA,LINC,MNK, What happened

Shares of Esperion Therpeutics Inc.�(NASDAQ:ESPR),�a clinical-stage biotech, are bouncing back after a recent market beatdown. A dramatic price reduction is bringing bargain shoppers out of the woodwork. The stock rose as high as 17.1% in early morning trading, but has since settled to a 11.3% gain as of 12:10 p.m. EDT.

So what�

Earlier in the week, Esperion stock tanked after the company revealed 13 patient deaths in a group of 1,487 who received the company's experimental cholesterol-lowering therapy, bempedoic acid, during a late-stage clinical trial. The deaths were considered unrelated to the treatment, but they occurred at a rate three times as high as the group taking statins plus a placebo. Fearing a holdup at the Food and Drug Administration,�J.P. Morgan�issued a�downgrade that pushed the stock�down to a level that apparently looks attractive to investors unfazed by the recent safety scare.

Image source: Getty Images.

Hot Stocks To Buy For 2019: Cadiz, Inc.(CDZI)

Advisors' Opinion:

• [By Joseph Griffin]

  Cadiz (NASDAQ: CDZI) is one of 15 publicly-traded companies in the “Water supply” industry, but how does it contrast to its rivals? We will compare Cadiz to similar companies based on the strength of its valuation, profitability, institutional ownership, analyst recommendations, earnings, risk and dividends.

• [By Ethan Ryder]

  Middlesex Water (NASDAQ: MSEX) and Cadiz (NASDAQ:CDZI) are both small-cap utilities companies, but which is the superior stock? We will compare the two businesses based on the strength of their analyst recommendations, earnings, valuation, dividends, institutional ownership, profitability and risk.

Hot Stocks To Buy For 2019: TiVo Inc.(TIVO)

Advisors' Opinion:

• [By ]

  Engaged Capital maintained large positions in Rent-A-Center (RCII) , TiVo (TIVO) , Hain Celestial (HAIN) , SunOpta and Jamba Inc. (JMBA) , all companies that have either previously been targeted by Welling or currently are in his cross-hairs.

• [By Lisa Levin]

   

  Companies Reporting After The Bell NVIDIA Corporation (NASDAQ: NVDA) is estimated to post quarterly earnings at $1.45 per share on revenue of $2.89 billion. News Corporation (NASDAQ: NWSA) is projected to post quarterly earnings at $0.07 per share on revenue of $1.99 billion. Symantec Corporation (NASDAQ: SYMC) is estimated to post quarterly earnings at $0.39 per share on revenue of $1.19 billion. Pilgrim's Pride Corporation (NASDAQ: PPC) is projected to post quarterly earnings at $0.54 per share on revenue of $2.65 billion. Hawaiian Electric Industries, Inc. (NYSE: HE) is expected to post quarterly earnings at $0.38 per share on revenue of $556.81 million. Air Lease Corporation (NYSE: AL) is estimated to post quarterly earnings at $1.01 per share on revenue of $383.37 million. Flowserve Corporation (NYSE: FLS) is expected to post quarterly earnings at $0.27 per share on revenue of $880.89 million. Civitas Solutions, Inc. (NYSE: CIVI) is projected to post quarterly earnings at $0.12 per share on revenue of $396.25 million. The Trade Desk, Inc. (NASDAQ: TTD) is estimated to post quarterly earnings at $0.1 per share on revenue of $73.23 million. Amdocs Limited (NYSE: DOX) is projected to post quarterly earnings at $0.95 per share on revenue of $980.50 million. Yelp Inc. (NYSE: YELP) is estimated to post quarterly loss at $0.04 per share on revenue of $220.14 million. Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) is expected to post quarterly earnings at $0.43 per share on revenue of $210.01 million. TiVo Corporation (NASDAQ: TIVO) is projected to post quarterly earnings at $0.37 per share on revenue of $198.62 million. Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) is expected to post quarterly earnings at $0.17 per share on revenue of $153.87 million. Uniti Group Inc. (NASDAQ: UNIT) is estimated to post quarterly earnings at $0.01 per share on revenue of $247.16 million. Jagged Peak En
• [By Shane Hupp]

  Neuberger Berman Group LLC reduced its holdings in TiVo Co. (NASDAQ:TIVO) by 3.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,273,009 shares of the technology company’s stock after selling 70,433 shares during the period. Neuberger Berman Group LLC’s holdings in TiVo were worth $30,798,000 at the end of the most recent quarter.

Hot Stocks To Buy For 2019: Methanex Corporation(MEOH)

Advisors' Opinion:

• [By VantagePoint]

  Methanex Corporation (NASDAQ: MEOH) has experienced some recent weakness, but according to the chart below the stock is still in a clear uptrend. Since experiencing a bullish crossover on March 16 following some consolidation, the stock is up 20 percent. Look out for its next earnings report on April 26. 

• [By Stephan Byrd]

  Advisors Preferred LLC bought a new stake in shares of Methanex (NASDAQ:MEOH) (TSE:MX) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,703 shares of the specialty chemicals company’s stock, valued at approximately $103,000.

• [By Ethan Ryder]

  Ontario Teachers Pension Plan Board cut its holdings in shares of Methanex Co. (NASDAQ:MEOH) (TSE:MX) by 6.2% during the first quarter, HoldingsChannel reports. The institutional investor owned 15,064 shares of the specialty chemicals company’s stock after selling 992 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Methanex were worth $912,000 as of its most recent SEC filing.

• [By Ethan Ryder]

  Methanex Co. (NASDAQ:MEOH) (TSE:MX) has received an average rating of “Buy” from the fifteen ratings firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $68.95.

Hot Stocks To Buy For 2019: BorgWarner Inc.(BWA)

Advisors' Opinion:

• [By Logan Wallace]

  Baird Financial Group Inc. decreased its stake in BorgWarner Inc. (NYSE:BWA) by 2.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 121,422 shares of the auto parts company’s stock after selling 2,931 shares during the quarter. Baird Financial Group Inc.’s holdings in BorgWarner were worth $6,099,000 at the end of the most recent reporting period.

• [By Shane Hupp]

  BorgWarner Inc. (NYSE:BWA) has been assigned a consensus recommendation of “Buy” from the eighteen research firms that are covering the firm, MarketBeat reports. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $57.64.

• [By Chris Lange]

  The S&P 500 stock posting the largest daily percentage loss ahead of the close was BorgWarner Inc. (NYSE: BWA) which traded down about 6% at $48.55. The stock��s 52-week range is $40.00 to $58.22. Volume was roughly 3 million compared to the daily average volume of 1.4 million.

• [By Stephan Byrd]

  Dean Investment Associates LLC decreased its position in shares of BorgWarner (NYSE:BWA) by 3.2% in the first quarter, Holdings Channel reports. The fund owned 90,394 shares of the auto parts company’s stock after selling 2,955 shares during the quarter. Dean Investment Associates LLC’s holdings in BorgWarner were worth $4,541,000 as of its most recent SEC filing.

• [By Joseph Griffin]

  Get a free copy of the Zacks research report on BorgWarner (BWA)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By Lisa Levin] Companies Reporting Before The Bell General Motors Company (NYSE: GM) is projected to report quarterly earnings at $1.24 per share on revenue of $34.66 billion. Bristol-Myers Squibb Company (NYSE: BMY) is estimated to report quarterly earnings at $0.85 per share on revenue of $5.24 billion. United Parcel Service, Inc. (NYSE: UPS) is expected to report quarterly earnings at $1.55 per share on revenue of $16.44 billion. Time Warner Inc. (NYSE: TWX) is projected to report quarterly earnings at $1.74 per share on revenue of $7.91 billion. ConocoPhillips (NYSE: COP) is expected to report quarterly earnings at $0.74 per share on revenue of $8.81 billion. PepsiCo, Inc. (NYSE: PEP) is expected to report quarterly earnings at $0.93 per share on revenue of $12.4 billion. American Airlines Group Inc. (NASDAQ: AAL) is estimated to report quarterly earnings at $0.72 per share on revenue of $10.42 billion. Southwest Airlines Co (NYSE: LUV) is expected to report quarterly earnings at $0.74 per share on revenue of $5.01 billion. Fiat Chrysler Automobiles N.V. (NYSE: FCAU) is estimated to report quarterly earnings at $0.8 per share on revenue of $34.52 billion. Union Pacific Corporation (NYSE: UNP) is projected to report quarterly earnings at $1.66 per share on revenue of $5.38 billion. D.R. Horton, Inc. (NYSE: DHI) is expected to report quarterly earnings at $0.85 per share on revenue of $3.76 billion. The Hershey Company (NYSE: HSY) is estimated to report quarterly earnings at $1.4 per share on revenue of $1.94 billion. Praxair, Inc. (NYSE: PX) is expected to report quarterly earnings at $1.56 per share on revenue of $2.94 billion. Altria Group, Inc. (NYSE: MO) is projected to report quarterly earnings at $0.92 per share on revenue of $4.63 billion. Shire plc (NASDAQ: SHPG) is estimated to report quarterly earnings at $3.54 per share on revenue of $3.72 billion. Oshkosh Corporation (NYSE: OSK) is projected to report quarter

Hot Stocks To Buy For 2019: Lincoln Educational Services Corporation(LINC)

Advisors' Opinion:

• [By Logan Wallace]

  Lincoln Educational Services Co. (NASDAQ:LINC) – Equities research analysts at Barrington Research cut their Q3 2018 earnings per share estimates for shares of Lincoln Educational Services in a report released on Wednesday, May 9th. Barrington Research analyst A. Paris. Jr now anticipates that the company will post earnings per share of ($0.02) for the quarter, down from their prior estimate of ($0.01). Barrington Research has a “Buy” rating and a $2.50 price target on the stock. Barrington Research also issued estimates for Lincoln Educational Services’ FY2018 earnings at ($0.14) EPS.

Hot Stocks To Buy For 2019: Mallinckrodt plc(MNK)

Advisors' Opinion:

• [By Lisa Levin] Companies Reporting Before The Bell Dean Foods Company (NYSE: DF) is projected to report quarterly earnings at $0.11 per share on revenue of $1.85 billion. Discovery, Inc. (NASDAQ: DISCA) is expected to report quarterly earnings at $0.44 per share on revenue of $1.99 billion. Jacobs Engineering Group Inc. (NYSE: JEC) is estimated to report quarterly earnings at $0.89 per share on revenue of $3.63 billion. Henry Schein, Inc. (NASDAQ: HSIC) is expected to report quarterly earnings at $0.92 per share on revenue of $3.17 billion. Gartner, Inc. (NYSE: IT) is projected to report quarterly earnings at $0.57 per share on revenue of $926.18 million. The AES Corporation (NYSE: AES) is estimated to report quarterly earnings at $0.24 per share on revenue of $2.98 billion. Expeditors International of Washington, Inc. (NASDAQ: EXPD) is projected to report quarterly earnings at $0.64 per share on revenue of $1.71 billion. US Foods Holding Corp. (NYSE: USFD) is expected to report quarterly earnings at $0.32 per share on revenue of $5.98 billion. DISH Network Corporation (NASDAQ: DISH) is expected to report quarterly earnings at $0.7 per share on revenue of $3.50 billion. Zebra Technologies Corporation (NASDAQ: ZBRA) is estimated to report quarterly earnings at $2.06 per share on revenue of $936.98 million. Camping World Holdings, Inc. (NYSE: CWH) is expected to report quarterly earnings at $0.42 per share on revenue of $1.06 billion. Perrigo Company plc (NYSE: PRGO) is projected to report quarterly earnings at $1.14 per share on revenue of $1.21 billion. Petróleo Brasileiro S.A. - Petrobras (NYSE: PBR) is estimated to report quarterly earnings at $0.28 per share on revenue of $23.80 billion. JD.com, Inc. (NYSE: JD) is projected to report quarterly earnings at $0.18 per share on revenue of $15.65 billion. Valeant Pharmaceuticals International, Inc. (NYSE: VRX) is projected to report quarterly earnings at $0.6 per share o
• [By ]

  Cramer was bearish on Melco Resorts (MLCO) , Tallgrass Energy Partners (TEP) , Mallinckrodt (MNK) , Roku (ROKU) and Scotts Miracle-Gro (SMG) .

  Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener.

• [By Joseph Griffin]

  Mallinckrodt PLC (NYSE:MNK) shares rose 2.8% during trading on Thursday . The company traded as high as $18.64 and last traded at $18.71. Approximately 129,799 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 2,879,913 shares. The stock had previously closed at $18.20.

• [By Stephan Byrd]

  Great West Life Assurance Co. Can raised its position in shares of Mallinckrodt PLC (NYSE:MNK) by 55.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,812 shares of the company’s stock after purchasing an additional 44,826 shares during the period. Great West Life Assurance Co. Can owned 0.15% of Mallinckrodt worth $1,822,000 as of its most recent SEC filing.

��Oil is not a weapon��: Iran��s energy minister wants OPEC to push back against Trump

��Oil is not a weapon��it is not a political tool to be used against some countries, producers or consumers.�� ��Iranian Oil Minister Bijan Zanganeh

Iranian Oil Minister Bijan Zanganeh thinks that a key OPEC gathering on Friday could help to put U.S. President Donald Trump in his place over global crude supplies.

Trump, watching a vibrant domestic economy operating under the weight of average U.S. gasoline prices that are hovering near $3 a gallon, has criticized the Organization of the Petroleum Exporting Countries via Twitter for what he has described as ��too high�� oil prices.

Oil prices are too high, OPEC is at it again. Not good!

— Donald J. Trump (@realDonaldTrump) June 13, 2018

Read: Why higher gas prices aren��t hurting Americans now as much as they once did

Zanganeh was talking to reporters late Tuesday in Vienna ahead of Friday��s OPEC meeting, Russia and a handful of other non-OPEC crude producers, which could determine if a production cap that expires at the end of 2018 will be extended or if members will increase output limits.

Both U.S. traded West Texas Intermediate crude

Banco de Sabadell S.A Takes $508,000 Position in Best Buy Co Inc (BBY)

Banco de Sabadell S.A purchased a new stake in Best Buy Co Inc (NYSE:BBY) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,400 shares of the technology retailer’s stock, valued at approximately $508,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Freestone Capital Holdings LLC raised its holdings in Best Buy by 1.0% in the first quarter. Freestone Capital Holdings LLC now owns 92,136 shares of the technology retailer’s stock valued at $6,449,000 after acquiring an additional 869 shares in the last quarter. Mariner LLC raised its holdings in Best Buy by 25.6% in the first quarter. Mariner LLC now owns 4,278 shares of the technology retailer’s stock valued at $299,000 after acquiring an additional 873 shares in the last quarter. Cullen Frost Bankers Inc. raised its holdings in Best Buy by 21.9% in the first quarter. Cullen Frost Bankers Inc. now owns 4,868 shares of the technology retailer’s stock valued at $341,000 after acquiring an additional 874 shares in the last quarter. New Mexico Educational Retirement Board raised its holdings in Best Buy by 3.7% in the fourth quarter. New Mexico Educational Retirement Board now owns 25,521 shares of the technology retailer’s stock valued at $1,747,000 after acquiring an additional 900 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in Best Buy by 5.6% in the first quarter. Van ECK Associates Corp now owns 17,190 shares of the technology retailer’s stock valued at $1,203,000 after acquiring an additional 906 shares in the last quarter. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

Get Best Buy alerts:

Several analysts recently issued reports on BBY shares. Piper Jaffray Companies upped their price target on shares of Best Buy from $68.00 to $83.00 and gave the company an “overweight” rating in a report on Monday, February 26th. Zacks Investment Research cut shares of Best Buy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 14th. Wedbush reaffirmed a “sell” rating and issued a $38.00 price target on shares of Best Buy in a report on Monday, February 26th. Loop Capital raised shares of Best Buy to a “buy” rating in a report on Thursday, March 1st. Finally, Bank of America boosted their target price on shares of Best Buy from $78.00 to $87.00 and gave the company a “buy” rating in a research note on Friday, March 2nd. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Best Buy currently has an average rating of “Hold” and a consensus target price of $72.41.

Best Buy stock opened at $77.06 on Tuesday. The stock has a market cap of $20.90 billion, a PE ratio of 17.43, a PEG ratio of 1.23 and a beta of 0.86. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.27 and a quick ratio of 0.56. Best Buy Co Inc has a one year low of $51.61 and a one year high of $79.90.

Best Buy (NYSE:BBY) last released its quarterly earnings results on Thursday, May 24th. The technology retailer reported $0.82 EPS for the quarter, topping the consensus estimate of $0.74 by $0.08. The business had revenue of $9.11 billion during the quarter, compared to analyst estimates of $8.75 billion. Best Buy had a net margin of 2.39% and a return on equity of 36.16%. The company’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.60 earnings per share. equities research analysts predict that Best Buy Co Inc will post 5.01 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 5th. Stockholders of record on Thursday, June 14th will be given a dividend of $0.45 per share. The ex-dividend date is Wednesday, June 13th. This represents a $1.80 annualized dividend and a dividend yield of 2.34%. Best Buy’s dividend payout ratio is currently 40.72%.

In other news, insider Asheesh Saksena sold 18,570 shares of the company’s stock in a transaction dated Thursday, June 14th. The shares were sold at an average price of $73.69, for a total transaction of $1,368,423.30. Following the completion of the transaction, the insider now owns 77,478 shares in the company, valued at $5,709,353.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Patricia H. Walker sold 8,854 shares of the company’s stock in a transaction dated Tuesday, April 24th. The stock was sold at an average price of $73.63, for a total transaction of $651,920.02. Following the transaction, the insider now owns 26,698 shares of the company’s stock, valued at approximately $1,965,773.74. The disclosure for this sale can be found here. Insiders have sold 31,999 shares of company stock valued at $2,344,505 in the last 90 days. Insiders own 0.75% of the company’s stock.

Best Buy Profile

Best Buy Co, Inc operates as a retailer of technology products, services, and solutions in the United States, Canada, and Mexico. The company operates in two segments, Domestic and International. Its stores provide consumer electronics, including digital imaging, health and fitness, home automation, home theater, and portable audio products; computing and mobile phones, such as computing and peripherals, networking products, tablets, smart watches, and e-readers, as well as mobile phones comprising related mobile network carrier commissions; and entertainment products, including drones, movies, music, and technology toys, as well as gaming hardware and software, and virtual reality and other software products.

Want to see what other hedge funds are holding BBY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Best Buy Co Inc (NYSE:BBY).

Top Bank Stocks To Invest In 2019

tags:FCF,AP,HSBA,CM,WFC,

ValuEngine upgraded shares of Fitbit (NYSE:FIT) from a sell rating to a hold rating in a research report report published on Wednesday.

A number of other analysts have also commented on FIT. Craig Hallum initiated coverage on Fitbit in a report on Monday, March 19th. They set a buy rating on the stock. Roth Capital assumed coverage on shares of Fitbit in a research note on Friday, January 5th. They set a buy rating and a $10.00 price target for the company. Bank of America reaffirmed an underperform rating on shares of Fitbit in a research note on Tuesday, February 27th. Morgan Stanley downgraded shares of Fitbit from an equal weight rating to an underweight rating and decreased their price target for the company from $5.00 to $4.00 in a research note on Monday, April 2nd. Finally, Zacks Investment Research downgraded shares of Fitbit from a hold rating to a sell rating in a research note on Tuesday, February 27th. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. Fitbit has an average rating of Hold and a consensus price target of $6.16.

Top Bank Stocks To Invest In 2019: First Commonwealth Financial Corporation(FCF)

Advisors' Opinion:

• [By Joseph Griffin]

  Get a free copy of the Zacks research report on First Commonwealth Financial (FCF)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

Top Bank Stocks To Invest In 2019: Ampco-Pittsburgh Corporation(AP)

Advisors' Opinion:

• [By ]

  Des Moines, Iowa (AP) -- It's been a billion-dollar lottery weekend after a lone Powerball ticket sold in New Hampshire matched all six numbers and will claim a $570 million jackpot, one day after another single ticket sold in Florida nabbed a $450 million Mega Millions grand prize.

• [By ]

  This undated photo provided by TransDigm Group shows company CEO W. Nicholas Howley of TransDigm, which designs and produces aircraft components. Howley was the third-highest paid CEO at big U.S. companies for 2017, as calculated by The Associated Press and Equilar, an executive data firm. He earned $61 million, including $51.2 million of payments from the company on stock options he holds, as if they had earned dividends. He made just $7,000 in salary last year. (Photo: AP)

• [By ]

  Phoenix (AP) -- The classified advertising site Backpage.com ignored warnings to stop running advertisements promoting prostitution, sometimes involving children, because the lucrative enterprise brought in half a billion dollars, according to an indictment unsealed Monday.

• [By ]

  This 2011 photo provided by Russell Investments shows Steve Wood, chief market strategist for Russell Investments. Investors are fearful of runaway inflation, and they keep waiting for signs inflation is about to pick up. Most experts agree that inflation is going to speed up, and that the Federal Reserve will keep raising interest rates in order to keep inflation pressures from getting out of control. While the timing is unclear, Wood says it��s not too soon to prepare. (Photo: AP)

• [By ]

  London (AP) -- The British government said Sunday it is scrapping a promise to reconsider the ban on fox hunting, a centuries-old rural tradition contentiously outlawed more than a decade ago.

Top Bank Stocks To Invest In 2019: HSBC Holdings PLC (HSBA)

Advisors' Opinion:

• [By Ethan Ryder]

  HSBC (LON:HSBA) had its price target dropped by equities research analysts at Citigroup from GBX 810 ($10.78) to GBX 800 ($10.65) in a report released on Tuesday. The brokerage currently has a “buy” rating on the financial services provider’s stock. Citigroup’s price target points to a potential upside of 9.59% from the stock’s previous close.

• [By Joseph Griffin]

  HSBC (LON:HSBA) had its target price lowered by equities research analysts at Shore Capital from GBX 721 ($9.60) to GBX 625 ($8.32) in a report issued on Tuesday. The brokerage presently has a “sell” rating on the financial services provider’s stock. Shore Capital’s price objective indicates a potential downside of 14.71% from the company’s previous close.

Top Bank Stocks To Invest In 2019: Canadian Imperial Bank of Commerce(CM)

Advisors' Opinion:

• [By Stephan Byrd]

  Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) declared a quarterly dividend on Wednesday, May 23rd, Zacks reports. Stockholders of record on Thursday, June 28th will be paid a dividend of 1.036 per share by the bank on Friday, July 27th. This represents a $4.14 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date is Wednesday, June 27th.

• [By Joseph Griffin]

  Shares of Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) have earned an average recommendation of “Hold” from the twelve research firms that are presently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$130.33.

• [By Garrett Baldwin]

  We're about to reveal a little wealth secret that could unlock the trade of a lifetime.�Money Morning�Special Situation Strategist Tim Melvin takes you inside what could easily be a 10-bagger for investors in the weeks ahead.�Read more right here.

  The Top Stock Market Stories for Tuesday The Euro has plunged to its lowest point against the U.S. dollar in 2018 thanks to political problems in Europe. The breakdown of power in Italy has raised new concerns about the nation��s ability to repay its debts, as the spread between German and Italian bonds has widened. Market instability has also spread to Spain where the nation��s parliament is preparing to vote on whether to oust Prime Minister Mariano Rajoy and his party. Oil prices slid one news that OPEC and Russia will consider hikes in production during a meeting in Vienna, Austria on June 22nd. The news accompanied reports that U.S. production is expected to rise throughout the summer. The price of WTI oil sat at $67.20 per barrel. The Brent crude oil price recovered this morning, adding 1% to hit $76.12. Canadian banks are under pressure this morning over a major breach by cyber criminals. The Bank of Montreal (NYSE: BMO) and the Canadian Imperial Bank of Commerce (NYSE: CM) �� the two largest banking institutions in the country �� announced that roughly 90,000 customers�� data may have been stolen. This would be the first major cybersecurity event to happen in Canada involving financial firms. Three Stocks to Watch Today: CRM, SBUX, MOMO com (NYSE: CRM) will lead a busy day of earnings reports on Wall Street. The cloud computing giant is set to report fiscal first quarter 2019 numbers after the bell on Tuesday. The average analyst projection calls for a 46% jump in EPS of $0.46 on top of a 23% gain in revenue to $2.94 billion. Starbucks�� Corporation (Nasdaq: SBUX) will temporarily close about 8,000 locations on Tuesday to train roughly 175,000 employees on racial bias. The training sessions were
• [By Lisa Levin] Companies Reporting Before The Bell Target Corporation (NYSE: TGT) is estimated to report quarterly earnings at $1.38 per share on revenue of $16.50 billion. Ralph Lauren Corporation (NYSE: RL) is expected to report quarterly earnings at $0.83 per share on revenue of $1.48 billion. Lowe's Companies, Inc. (NYSE: LOW) is projected to report quarterly earnings at $1.25 per share on revenue of $17.63 billion. Tiffany & Co. (NYSE: TIF) is estimated to report quarterly earnings at $0.83 per share on revenue of $957.49 million. Canadian Imperial Bank of Commerce (NYSE: CM) is expected to report quarterly earnings at $2.23 per share on revenue of $3.40 billion. Citi Trends, Inc. (NASDAQ: CTRN) is projected to report quarterly earnings at $0.9 per share on revenue of $210.70 million. Qiwi plc (NASDAQ: QIWI) is expected to report quarterly earnings at $0.25 per share on revenue of $60.19 million. iClick Interactive Asia Group Limited (NASDAQ: ICLK) is projected to report quarterly loss at $0.06 per share on revenue of $34.87 million.

   

Top Bank Stocks To Invest In 2019: Wells Fargo & Company(WFC)

Advisors' Opinion:

• [By Douglas A. McIntyre]

  Wells Fargo & Co. (NYSE: WFC), plagued by a long list of banking rule violations and hundreds of millions of dollars in government penalties, has launched a new marketing campaign:

• [By ]
  Here Are 3 Hot Things to Know About Stocks Right Now Futures point to the Dow and S&P 500 continuing to edge higher, while the Nasdaq is expected to fall at opening. Earnings from the U.S.'s big banks kick off Friday with  Action Alerts PLUS holding JPMorgan Chase & Co. JPM, Wells Fargo & Co. (WFC)  and Citigroup Inc. (C) European markets were mixed with France's Cac 40 and Germany's Dax up and London's FTSE 100 on the back foot as the pound edged higher.  Markets Overview

  Global markets struggled to stay in positive territory on Friday, April 13, and U.S. futures were under pressure at President Donald Trump and allies weighed action in Syria.

• [By Shah Gilani]

  But the regulations didn't stop one of the country's biggest banks, Wells Fargo & Co.�(NYSE: WFC), from committing criminal activity on a scale that's simply unimaginable.

• [By Joseph Griffin]

  Greenleaf Trust grew its holdings in Wells Fargo & Co (NYSE:WFC) by 5.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 52,065 shares of the financial services provider’s stock after acquiring an additional 2,547 shares during the quarter. Greenleaf Trust’s holdings in Wells Fargo & Co were worth $2,729,000 at the end of the most recent reporting period.

• [By Motley Fool Staff]

  Wells Fargo and Company (NYSE:WFC)Q1 2018 Earnings Conference CallApril 13, 2018, 10:00 a.m. ET

  Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks:

  Operator

• [By Matthew Frankel]

  So it may seem like scandal-plagued banking giant Wells Fargo (NYSE:WFC) might be right up my alley. Because of the bank's infamous fake-accounts scandal and other issues, Wells Fargo has significantly underperformed its peers and may look attractive to bargain-seeking investors.

Q4 review: Foreign brokerages are betting on these top 10 stocks

The January-March earnings season has reached its fag end, with numbers either in line or above estimates, excluding state-run banks. The misses include corporate banks, IT and pharma companies while consumer staples, non-banking financial companies (NBFCs), and materials performed better. Excluding Axis Bank, ICICI Bank and Lupin, PAT growth for Nifty constituents stood at 10 percent year-on-year (YoY).

Going forward, FY19 consensus earnings growth expectations stood at over 20 percent as compared to sub-10 percent growth witnessed in FY18. ��Q4 FY18 results of constituents have been a mixed bag. On an aggregate basis, the result season has been largely in-line with expectations on the revenue front. On the net profit front, provisioning by state-run banks impacted overall profitability,�� Jayant Manglik, President, Religare Broking, said. While he remains optimistic about earnings growth gaining further traction, he does not rule the possibility of some earnings downgrade in FY19.

On the margins front, while automobiles saw some pressure on account of higher raw material prices, fast moving consumer goods (FMCG) companies saw an improvement.

��The beats-to-misses (BTM) ratio for Q4 was 0.76 times, indicating that there were more misses than beats. After the largely positive surprises in 2Q, which had a BTM of 1.42 times, Q3 and Q4 have witnessed a sequential decline. Among sectors, cement and private banks had the worst BTM in Q4, while the same for metals, NBFCs and IT were the highest. In Q4 FY18, YoY PAT growth has been nearly flat at 0.6 percent against expectation of 10.3 percent for companies under our coverage,�� JM Financial said in a recent report.

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Here is a list of 10 stocks from different brokerages that could return up to 16-47% over the next one year:

Sun Pharma: Buy | Target: Rs 600 | LTP: Rs 494.75 | Return: 24%

CLSA upgraded Sun Pharma to buy from sell post Q4 results and raised its 12-month target price to Rs 600 from Rs 445 earlier as it feels that earnings have bottomed out. The global investment bank expects its earnings per share (EPS) to nearly double as monetisation of specialty pipeline begins.

Tech Mahindra: Buy | Target: Rs 880 | LTP: Rs 686.40 | Return: 24%

Goldman Sachs maintains a buy rating on Tech Mahindra post Q4 results but raised its 12-month target price to Rs 880 from Rs 824 earlier.

The Q4 results were above expectations on continued margin beat. The entire topline growth was led by enterprise business in Q4. Going forward, 5G remains a key structural growth opportunity for Tech Mahindra, said the report.

Indian Hotels: Buy | Target: Rs 165 | LTP: Rs 143.40 | Return: 17%

HSBC maintains a buy rating on Indian Hotels post Q4 results but raised its target price to Rs 165 from Rs 143.40 earlier. The global investment bank expects 2019 growth to be better than 2018. The occupancy rate is already near record-high levels in major cities, said the report.

NCC: Outperform | Target: Rs 177 | LTP: Rs 121.20 | Return: 47%

Macquarie maintains an outperform rating on NCC post Q4 results but raised its 12-month target price to Rs 177 from Rs 160 earlier.

NCC has a strong balance sheet to support working capital needs. The global investment bank also raised FY19/20 earnings estimate by 31/21�percent. The stock is well placed to fund higher working capital requirements. The risk of near-term claims/write-offs has come down.

ONGC: Buy | Target: Rs 240 | LTP: Rs 173.95 | Return: 35%

CLSA maintains a buy rating on ONGC but raised its 12-month target price to Rs 240 from Rs 225 earlier post Q4 results.�EBITDA and net profit were a miss due to higher Opex and larger exploration write-offs.

Higher crude price led to a 6 percent hike in EPS. CLSA assumes upstream companies to bear all subsidies above Rs 4000 crore. Recent reports of a formula with no subsidy till USD 70/bbl is positive for the company.

ONGC is attractively priced at current levels as the risk-reward ratio is favourable. The stock is pricing Brent of USD 53/bbl.

Glenmark Pharma: Buy | Target: Rs 650 | LTP: Rs 524.25 | Return: 21%

CLSA upgraded Glenmark Pharma to buy post Q4 results and raised its 12-month target price to Rs 650 from Rs 480 earlier. Earnings growth returns and some signs of balance sheet deleveraging are visible now. The stock trades at an attractive 15x one-year forward PE. CLSA estimates a 20 percent earnings CAGR for FY18-20.

Coal India: Buy | Target: Rs 363 | LTP: Rs 288.75 | Return: 23%

Jefferies maintains a buy rating on Coal India post Q4 results but raised its 12-month target price to Rs 363 from Rs 350 earlier. It said that the operating profit, ex-gratuity provision) was up 124 percent year on year and 22 percent ahead of estimates.

Coal India has strong 40 fuel supply agreement (FSA) and the average selling price of those FSA��s should sustain. Low power plant coal stocks should support steady offtake growth, said the note.

Jefferies expects the EPS to grow at 20 percent CAGR over FY18-20. Commenting on valuations, at 5.1x FY19e EBITDA, valuations appear cheap.

Mahindra & Mahindra: Buy | Target: Rs 1,075 | LTP: Rs 895.60 | Return 16%

CLSA maintains a buy rating on M&M post Q4 results but raised its 12-month target price to Rs 1,075 from Rs 960 earlier.

Domestic vehicle manufacturer Mahindra and Mahindra reported a 50 percent year-on-year rise in its net profit for the March quarter to Rs 1,155 crore on Tuesday.

M&M delivered a strong Q4 led by better-than-expected margins. The rural outlook improved on expectations of a normal monsoon and expectations of a big MSP hike.

New MPV launch in FY19 is likely to boost SUV segment volume. CLSA expects strong 18 percent EPS CAGR over next two years, and valuations still remain attractive.

Bajaj Auto: Buy | Target: Rs 3395 | LTP: Rs 2763.10 | Return: 22%

Nomura upgrades Bajaj Auto to buy from neutral earlier post Q4 results and raised its 12-month target price to Rs 3,395 from Rs 3,252 earlier.

The global investment bank sees 25 percent upside from current level. The export outlook has improved, and the market like Nigeria have recovered. The stock trades at 14x FY20 EPS which is attractive.

Larsen & Toubro: Buy | Target: Rs 1,730 | LTP: Rs 1,365 | Return: 26%

CLSA maintains a buy rating on L&T post Q4 results but raised its target price to Rs 1,730 from Rs 1680 earlier. The global investment bank raised its EPS by 4-7�percent over FY19-20.

The EPS upgrade was based on two value accretive divestitures. Divestitures have happened at significant premiums to CLSA SoTP and will yield L&T USD 2.7 billion, said the note. It will drive L&T��s ROE to expand (80bps against earlier estimates) on the reallocation of capital.

L&T has a credible strategy to improve both growth and its return on equity. The stock is a good proxy for domestic capex.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. First Published on Jun 1, 2018 07:48 am