In this article, we will look at the 10 stocks that recently received revised price targets from analysts after their recent earnings. If you want to see more such stocks on the list, go directly to Analysts are Revising Prices Targets of These 5 Stocks Following Earnings.

Notable stocks, including Marvell Technology, Inc. (NASDAQ:MRVL), Dollar General Corporation (NYSE:DG) and The Kroger Co. (NYSE:KR), recently released financial results for their respective quarters.

Subsequently, analysts trimmed their price targets for Marvell Technology, Inc. (NASDAQ:MRVL) and Dollar General Corporation (NYSE:DG) after the two companies failed to meet earnings expectations. On the other hand, The Kroger Co. (NYSE:KR) received a price target cut despite topping expectations for its fiscal third quarter.

In addition, UiPath Inc. (NYSE:PATH) and Smartsheet Inc. (NYSE:SMAR) also received updated price targets from analysts following their recent earnings. Check out the complete article to find out the new price targets for these stocks.

10. ChargePoint Holdings, Inc. (NYSE:CHPT)

Number of Hedge Fund Holders: 13

R.F. Lafferty lowered its price target for ChargePoint Holdings, Inc. (NYSE:CHPT) from $34 per share to $28 per share on Friday, December 2. The research firm was primarily moved by the company’s Q3 earnings miss and gross margin erosion.

ChargePoint Holdings, Inc. (NYSE:CHPT) recently reported a loss of 25 cents per share for its fiscal third quarter, wider than a loss of 20 cents per share estimated  by analysts. The quarterly revenue of $125 million also missed the expectations of $132.3 million.

On the bright side, ChargePoint Holdings, Inc. (NYSE:CHPT) raised its full-year sales outlook to a range of $475 – $480 million, from its previous projection between $450 – $500 million.

9. The Toronto-Dominion Bank (NYSE:TD)

Number of Hedge Fund Holders: 22

Canaccord improved its price target for The Toronto-Dominion Bank (NYSE:TD) from C$95 per share to C$103 per share on Friday, December 2, following the bank’s earnings beat for its fiscal fourth quarter.

Citing the First Horizon acquisition, analyst Scott Chan said The Toronto-Dominion Bank (NYSE:TD) can now produce above-average growth. Chan also upgraded the Canadian bank from “Hold” to “Buy.”

The Toronto-Dominion Bank (NYSE:TD) recently reported adjusted earnings of C$2.18 per share for its fiscal fourth quarter, up from C$2.09 per share in the year-ago period and above expectations of C$2.06.

8. UiPath Inc. (NYSE:PATH)

Number of Hedge Fund Holders: 26

UiPath Inc. (NYSE:PATH) last week surprised investors by reporting a profit. As a result, Mizuho analyst Siti Panigrahi increased his price target for the software company from $14 per share to $15 per share on Friday, December 2. Panigrahi also praised the company’s solid outlook for the current quarter despite macro challenges.

UiPath Inc. (NYSE:PATH) reported adjusted earnings of 5 cents per share for the three months ended October 31, contrary to the consensus estimate calling for a loss of 3 cents per share. Revenue for the quarter jumped 19 percent on a year-over-year basis to $262.7 million, crushing expectations of $248.51 million.

Looking forward, UiPath Inc. (NYSE:PATH) expects revenue in the range of $277 – $279 million for the current quarter.

7. Veeva Systems Inc. (NYSE:VEEV)

Number of Hedge Fund Holders: 42

Needham recently lifted its price target for Veeva Systems Inc. (NYSE:VEEV) from $205 per share to $220 per share, citing the company’s strong third-quarter results.

Veeva Systems Inc. (NYSE:VEEV) last week reported adjusted earnings of $1.13 per share, compared to 97 cents per share in the year-ago period. Revenue for the quarter increased to $552.4 million, from $476.1 million in the corresponding period of 2021. The results exceeded the consensus of $1.07 per share for earnings and $546.04 million for revenue.

Like Veeva Systems Inc. (NYSE:VEEV), analysts also updated their price targets for Marvell Technology, Inc. (NASDAQ:MRVL), Dollar General Corporation (NYSE:DG) and The Kroger Co. (NYSE:KR).

6. Smartsheet Inc. (NYSE:SMAR)

Number of Hedge Fund Holders: 49

Shares of Smartsheet Inc. (NYSE:SMAR) rallied nearly 17 percent on Friday, December 2, after the Washington-based company posted a narrower-than-expected loss for its fiscal third quarter.

Smartsheet Inc. (NYSE:SMAR) reported an adjusted loss of 1 cent per share, while analysts were looking for a loss of 15 cents per share. Revenue came in at $199.6 million, beating the expectations of $194 million.

For its fiscal fourth quarter Smartsheet Inc. (NYSE:SMAR) expects revenue in the range of $205 – $207 million, representing a growth of 30 – 32 percent on a year-over-year basis. The outlook was also better than the consensus of $204 million.

Several research firms raised their price targets for Smartsheet Inc. (NYSE:SMAR) following its recent earnings. DA Davidson increased its price target from $40 to $45, RBC Capital raised its price target from $32 to $36 and BMO Capital improved its price target from $38 to $41.

Click to continue reading and see Analysts are Revising Prices Targets of These 5 Stocks Following Earnings.

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Disclosure: None. Analysts are Revising Prices Targets of These 10 Stocks Following Earnings is originally published on Insider Monkey.

In this article, we discuss the 5 stocks that recently received revised price targets from analysts following their recent earnings. If you want to see more such stocks on the list, go directly to Analysts are Revising Prices Targets of These 10 Stocks Following Earnings.

5. The Kroger Co. (NYSE:KR)

Number of Hedge Fund Holders: 49

MKM Partners trimmed its price target for The Kroger Co. (NYSE:KR) from $50 per share to $47 per share on Friday, December 2. While the research firm acknowledged the company’s latest earnings, it thinks Kroger will face multiple challenges around margins next year.

The price-target cut came a day after The Kroger Co. (NYSE:KR) released its fiscal third-quarter results. The Kroger Co. (NYSE:KR) earned 88 cents per share on an adjusted basis, topping expectations of 82 cents. The quarterly revenue of $34.2 billion was also better than the consensus of $33.96 billion.

In addition, The Kroger Co. (NYSE:KR) lifted its full-year adjusted earnings outlook to a range of $4.05 – $4.15 per share, from its previous guidance between $3.95 – $4.05 per share.

In this piece, we will take a look at the ten best companies to invest in India for beginners. For more companies, head on over to 5 Best Companies to Invest in India for Beginners.

India is one of the largest countries in the world when it comes to the economy and the second largest when it comes to population. This lends it unique advantages and enables the companies that operate in the country to grow massively as they have a large population at their disposal to sell products and services. India’s stock exchanges are also among some of the largest in the world. The primary exchange in the Asian country is the National Stock Exchange (NSE) which is based in India’s financial center and one of the most lucrative cities in the world, Mumbai. The NSE is the world’s eighth largest stock exchange in terms of market value as of September 2022, as its total market capitalization stood at $3.3 trillion. Additionally, it was ranked as the fourth largest exchange in the world in 2021 in terms of cash equities traded. A total of $164 billion  worth of equities were traded on the NSE in September 2022, placing its rank at number 11.

While the NSE is among the top ten exchanges in the world when it comes to the total number of companies that are listed on it, the ranking drops as it is reflective of a broader trend in India where firms generally do not turn to the broader stock market to raise capital through public finance. A total of 2,126 companies had been listed on the NSE in September this year, placing it below all major Asian Pacific exchanges including those in China, Australia, and Japan.

However, the NSE is not the only major Indian stock exchange, with the other being the BSE which is also the oldest stock exchange in India as it was set up in 1875. Out of the two, the NSE is more technologically advanced while the BSE is larger when it comes to the total number of companies listed. A stark contrast between the two is that the BSE continued to rely on paper trades until as recently as 1995, while the NSE was set up with electronic trading as its foundation in 1992.

Moving towards the Indian economy, it was worth a massive $11.6 trillion in 2022, making it the third largest in the world in terms of purchasing power parity, with only the United States of America and the People’s Republic of China surpassing it. Services accounted for the majority of the economy, with a 54% share. However, unemployment stood at a painful 7.7%, and the bulk of the labor force was employed in agriculture. Manufacturers fueled India’s $421 billion worth of exports during the fiscal year 2022, but the country nevertheless ran a $39 billion current account deficit. The U.S. was India’s largest trading partner and the country also had $547 billion in foreign exchange reserves, which were the fifth largest in the world and more than sufficient to fund both its imports and its current account deficit for more than a year, lending it stable credit rating. India did however runs a larger public sector debt of $2.9 trillion and had a gross external debt of $617 billion as of  June 2022.

In today’s piece, we will focus on a handful of Indian companies, some of which also list their American Depository Receipts (ADRs) on U.S. stock exchanges. Out of these, the top picks are Reliance Industries Limited (NSE:RELIANCE.NS), Tata Consultancy Services Limited (NSE:TCS.NS), and HDFC Bank Limited (NYSE:HDB).

Photo by Smartworks Coworking on Unsplash

Our Methodology

We took a look at the countless Indian firms that trade on the NSE and U.S. exchanges to narrow down those whose share prices are relatively stable and might be suitable for the current turbulent environment. Technology companies have been avoided, and banks and energy firms have been preferred, and the list is sorted according to market capitalization in U.S. dollar terms.

Best Companies to Invest in India for Beginners

10. Larsen & Toubro Limited (NSE:LT.NS)

Market Capitalization as of December 5, 2022: $35.7 billion (1INR = 0.012USD)

Larsen & Toubro Limited (NSE:LT.NS) is a Mumbai based firm that offers engineering and construction services to several different industries. These include the oil and gas sector, to which the firm provides turnkey solutions for coal and gas thermal power plants. Additionally, Larsen & Toubro Limited (NSE:LT.NS) also serves the needs of the defense sector, alongside providing engineering equipment to the fertilizer and nuclear industries.

Crucially, Larsen & Toubro Limited (NSE:LT.NS) is also an international player that provides turnkey solutions to the power industries in several different countries including the UAE, Qatar, Kuwait, Malaysia, Saudi Arabia, and Thailand. Its subsidiaries also operate in the financial world, in the form of mutual funds and financial holdings. The firm raked in Rs 519 billion in revenue during its second fiscal quarter of 2023, to mark for 23% annual growth.

Larsen & Toubro Limited (NSE:LT.NS)’s latest market capitalization is $35.7 billion.

Along with Tata Consultancy Services Limited (NSE:TCS.NS), Reliance Industries Limited (NSE:RELIANCE.NS), and HDFC Bank Limited (NYSE:HDB), Larsen & Toubro Limited (NSE:LT.NS) is a strong Indian stock.

9. Adani Total Gas Limited (NSE:ATGL.NS)

Market Capitalization as of December 5, 2022: $49.3 billion (1INR = 0.012USD)

Adani Total Gas Limited (NSE:ATGL.NS) is a natural gas company that is headquartered in Ahmadabad. The firm sells pipeline natural gas to commercial and residential customers and compressed natural gas for automotive use. It has hundreds of filling stations all over India.

For the first half of the fiscal year 2023, Adani Total Gas Limited (NSE:ATGL.NS) added 33 new CNG stations to its portfolio, enabling it to operate 369 stations all over India. During the same time period, the firm added 61,000 additional customers to its pipeline business. Adani Total Gas Limited (NSE:ATGL.NS)’s operational revenue stood at Rs 23 billion for the first fiscal half, and this narrowed down to Rs 2.77 billion in profit after tax. The company is also aiming to set up a 1,500 electric vehicle charger network across India, in key locations such as airports.

As of December 5th, 2022, Adani Total Gas Limited (NSE:ATGL.NS) had a market capitalization of $49.3 billion.

8. ITC Limited (NSE:ITC.NS)

Market Capitalization as of December 5, 2022: $50.8 billion (1INR = 0.012USD)

ITC Limited (NSE:ITC.NS) is one of the oldest companies in India that was set up in 1910. The firm is headquartered in Kolkata, and it is a diversified business that operates in the fast moving consumer goods (FMCG), hospitality, agriculture, and information technology industries, among others.

ITC Limited (NSE:ITC.NS)’s quarter that ended in September 2022 saw the firm grow its revenue by 27% annually, with the hospitality segment powering growth by returning to pre pandemic levels and boosting its revenues by 82% year on year. However, ITC Limited (NSE:ITC.NS)’s agriculture business was the star of the show as it leveraged a global commodity crisis to grow wheat, rice, and leaf tobacco exports. This enabled the agriculture segment to post a 44% annual revenue growth.

ITC Limited (NSE:ITC.NS)’s latest market capitalization is $50.8 billion.

7. Bharti Airtel Limited (NSE:BHARTIARTL.NS)

Market Capitalization as of December 5, 2022: $60.2 billion (1INR = 0.012USD)

Bharti Airtel Limited (NSE:BHARTIARTL.NS) is a telecommunication company that is headquartered in New Delhi. The firm provides services to close to 500 million customers in more than 15 countries. Its services include voice, data, wireless internet, broadband internet, and mobile commerce.

Bharti Airtel Limited (NSE:BHARTIARTL.NS)’s large customer base makes it one of the biggest telecommunications companies in the world. In fact, as of September 2022, the firm was the second largest mobile carrier in the world, coming second only to China Mobile. Bharti Airtel Limited (NSE:BHARTIARTL.NS) raked in Rs 4.2 billion in revenue during its fiscal year 2022, and its assets stood at Rs 363 billion.

Bharti Airtel Limited (NSE:BHARTIARTL.NS) has a $60.2 billion market capitalization.

6. State Bank of India (NSE:SBIN.NS)

Market Capitalization as of December 5, 2022: $65.9 billion (1INR = 0.012USD)

State Bank of India (NSE:SBIN.NS) is a regional Indian bank that is one of the oldest companies in the country since it was set up  in 1806. The bank provides personal banking services such as savings and current accounts; a variety of loans such as home, auto, education, and gold loans; and corporate banking services such as working capital finance and term loans.

The State Bank of India (NSE:SBIN.NS) traces its roots to the Imperial Bank of India, which was the Indian central bank during British rule. The bank raked in a whopping $52 billion in revenue in 2022, which translated into $5.5 billion of net income. Its largest shareholder is the Reserve Bank of India or the Indian central bank. The State Bank of India (NSE:SBIN.NS) also has a diverse global presence. It operates in 36 different countries such as Canada, China, Australia, Sri Lanka, and Nepal. Additionally, the bank also dabbles in capital markets, the insurance industry, and the mutual fund sector.

The State Bank of India (NSE:SBIN.NS)’s market capitalization as of December 5th, 2022 stood at $65.9 billion, and its total assets stood at $694 billion as of 2021 end, making it one of the 100 largest banks in the world.

Click to continue reading and see 5 Best Companies to Invest in India for Beginners.

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Disclosure: None. 10 Best Companies to Invest in India for Beginners is originally published on Insider Monkey.

In this piece, we will take a look at the five best companies to invest in India for beginners. For more companies, head on over to 10 Best Companies to Invest in India for Beginners.

5. ICICI Bank Limited (NYSE:IBN)

Market Capitalization as of December 5, 2022: $78.86 billion

ICICI Bank Limited (NYSE:IBN) is another Indian bank that is headquartered in Mumbai. The bank provides retail banking, wholesale banking, treasury, insurance, and other services. These include pension management, a variety of loans, and micro banking services.

ICICI Bank Limited (NYSE:IBN) is also a development finance institution that has thousands of branches all over India. Additionally, it also has a global presence, with subsidiaries in several countries including the U.S., Qatar, Oman, UAE, and Indonesia. The bank raked in $20 billion in revenue in 2022.

ICICI Bank Limited (NYSE:IBN)’s shares are traded on the New York Stock Exchange (NYSE), and it is worth $78.86 billion on the American stock market. 29 out of the 920 hedge funds polled by Insider Monkey for their third quarter of 2022 investments had held a stake in the bank.

Out of these, Rajiv Jain’s GQG Partners is ICICI Bank Limited (NYSE:IBN)’s largest investor. It owns 50 million shares that are worth $1 billion.

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In this article, we will discuss the Top 10 Hearing Aid Companies and Brands in the World. You can skip our detailed industry analysis and go directly to the Top 5 Hearing Aid Companies and Brands in the World.

The Hearing Aid Industry: An Analysis

The traditional hearing aid devices were designed to amplify the original sound so that the user could hear the sounds with ease. However, as technology has continued to progress, hearing aid devices have also become much more advanced. Today, hearing aid devices offer a more natural sound experience and are equipped with a wide variety of features, including rechargeable batteries, wireless connectivity, health and wellness monitors, and integration with mobile and smart devices.

The rising disposable income of people around the world has allowed users to invest in high-tech hearing aid devices instead of using the older variants. This is why the hearing aid market is expected to witness healthy growth in years to come. As of 2021, the market was estimated to be at a value of $9.68 billion and is expected to grow at a CAGR of 8.1%, increasing from $10.23 billion in 2022 to $17.68 billion by 2029. The market growth estimates come on the back of several factors, such as increased hearing loss disorders, a growing geriatric population, enhanced awareness concerning treatment options, and handy government schemes. Europe currently dominates the global market for hearing aids, primarily driven by government support surrounding hearing aid instruments, active collaborative schemes by the government, and favorable regulatory policies such as the over-the-counter sale of hearing aid devices without audiologist consultation, which encourages wider adoption of such devices. Germany has a whopping 25% share of the European hearing aids market.

The hearing aid market is primarily classified into product type and technology type. Digital and analog are two types of technologies that are available in hearing aid products. The product type entails behind-the-ear hearing aids, in-the-ear hearing aids, canal hearing aids, and receiver-in-the-ear hearing aids. The digital segment has been on the rise in recent years as it provides accurate sound according to the listener’s needs. Moreover, receiver in-ear hearing aid product is forecasted to grow at the highest growth rate in the coming few years. The in-ear hearing aid product is in demand as it provides convenience and comfort to the user.

Photo by Mark Paton on Unsplash

Some of the major players in the hearing aid market include Oticon, Starkey Hearing Technologies, and WS Audiology.

Our Methodology

To compile this list, we have ranked the top 10 hearing aid companies and brands in the world according to their annual revenue from #10 to #1.

10. Jabra

Annual revenue: $3.3 million

Jabra is a Danish company that designs, manufactures, and sells a wide range of wireless headsets for mobile users and corded and wireless headsets for call centers and workplaces. Jabra is a subsidiary of GN Audio. Jabra’s products include noise-canceling headphones, hearing aids,  wireless earbuds, headsets, video conferencing cameras, and fitness-tracking sports headphones that are created specifically for athletes. The company’s Jabra Enhance lineup provides a range of hearing enhancement products with medical-grade technology that provides excellent speech clarity and advanced features controlled by smartphones. Some of the company’s products include Enhance Plus, Enhance Pro 10, and Enhance Select. Jabra employs 2,000 people and reported sales of $3.3 million in 2021.

In addition to Jabra, Starkey Hearing Technologies and Oticon are included in our list of the top 10 hearing aid companies and brands in the world.

9. hearX Group

Annual revenue: $3.5 million

hearX Group is an award-winning start-up company that provides affordable hearing healthcare solutions developed with smart technology, artificial intelligence, and big data. hearX Group provides hearing screenings, audiology, in-ear sound monitoring, and other therapeutic treatments. hearX Group operates in two divisions: B2B and B2C. Lexie Hearing is a product of hearX Group, which is developed in partnership with Bose that provides high-quality over-the-counter hearing aids with smart and cutting-edge software technology for its customers, allowing them to tune the setting according to their needs. hearX Group’s revenue in fiscal 2022 was reported at $3.5 million.

8. Nuheara (ASX:NUH)

Annual revenue: $3.8 million

Nuheara (ASX:NUH) was the first company in the consumer wearables segment to go public and be listed on the Australian Stock Exchange in 2016.  Nuheara (ASX:NUH) has an extensive line-up of hearing aid products. One of the top offerings of the company is the Nuheara IQbuds2 MAX which allows users to solve their hearing challenges at an earlier stage. The company reported sales of $3.8 million during the fiscal year 2022.

7. Eargo, Inc. (NASDAQ:EAR)

Annual revenue: $32.1 million

­­­Based in San Jose, California, Eargo, Inc. (NASDAQ:EAR) is an American hearing aid designer and manufacturer focused on improving the lives of people with hearing disabilities. Eargo, Inc. (NASDAQ:EAR) offers an extensive range of hearing aids, professional support services, and insurance-related services. Some of the leading products of the company include Eargo Max, Eargo Neo and Eargo Neo HiFi. Eargo, Inc. (NASDAQ:EAR) revenue during 2021 stood at $32.1 million.

6. Knowles Corporation (NYSE:KN)

Annual revenue: $868.1 million

Based in Illinois, United States, Knowles Corporation (NYSE:KN) provides leading audio processing, micro-acoustic, and precision device solutions. Knowles Corporation (NYSE:KN) serves the communications, medical, consumer electronics and industrial markets. Knowles Corporation (NYSE:KN) operates via two main segments: Audio and PD. The PD group designs and markets advanced capacitors and RF devices whereas the audio segment manufactures and markets advanced audio products to serve mobile and ear markets. Knowles Corporation (NYSE:KN) reported $868.1 million in sales during 2021.

Here is what Heartland Value Plus Fund has to say about Knowles Corporation in its Q4 2021 investor letter:

Good to hear. The Fund’s Information Technology (IT) holdings posted a strong quarter and outperformed the benchmark average. Knowles Corp. (KN) is an example of the type of compelling opportunity we hold in the space. The company is a leading maker of microphones and speakers for cell phones and other electronics as well as hearing aids. Earnings have recently come in higher than expected, and management upped their guidance led by growth in the company’s high-margin precision device segment. Additionally, the company announced it was redeeming convertible debt using cash it had on its balance sheet—clearing up an issue that had hung over the stock.

We view the recent strong quarter as a sign of positive things to come for Knowles. Despite the strong performance, shares of the business trade at just 8x estimated 2022 earnings before interest, taxes, depreciation and amortization.

Click to continue reading and see Top 5 Hearing Aid Companies and Brands in the World.

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Disclosure: None. Top 10 Hearing Aid Companies and Brands in the World is originally published on Insider Monkey.

In this piece, we’ll take a look at some of the notable hearing aid companies in the world. For more such companies, go to Top 10 Hearing Aid Companies and Brands in the World.

5. Sonos, Inc. (NASDAQ:SONO)

Annual revenue: $1.7 billion

Sonos, Inc. (NASDAQ:SONO) is an American company that designs, develops, and sells wireless music solutions for home audio systems. Wireless speakers, home theatre speakers, and components are among the products offered by the company. Sonos devices are sold through traditional retail stores, distributors, and online merchants. Sonos Roam, a portable speaker, is part of a Sonos multi-room system that has greatly aided those with hearing impairment. The company’s revenue in the fiscal year 2021 stood at $1.17 billion.

Sonos, Inc. (NASDAQ:SONO) made an appearance in Aristotle Capital Management‘s investor letter for this year’s first quarter, with the fund stating that:

Sonos (NASDAQ:SONO), a consumer electronics company with proprietary multi-room smart speaker technology, was added to the portfolio on the belief that strong consumer demand for the company’s differentiated product offering plus a multi-year pipeline of upcoming new product introductions are expected to drive shareholder value for the next several years.

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In this article, we discuss the 10 best undervalued UK stocks to buy now. If you want to read about some more undervalued UK stocks, go directly to 5 Best Undervalued UK Stocks to Buy Now.

The United Kingdom economy has been in turmoil as a result of the separation from the European Union, political instability, high inflation, and slow growth across the globe. Investors are thus hesitant to invest in companies based in the country. However, there are many undervalued stocks in the UK market that offer significant growth potential at bargain prices and have pricing power to weather the macro conditions. UK markets are expected to go through a significant multi-year fiscal tightening plan in the next few years. 

This tightening will amount to around £70 billion, 2.5% of the Gross Domestic Product (GDP), by 2025. These predictions have forced investment advisors like JP Morgan to revise their UK growth forecasts by assuming a further 0.2 percentage point drag in the fourth quarter of 2022, taking the hit from over the next year closer to 0.8%. One of the major market indicators in the UK is the performance of the FTSE 100 Index, a major stock market index which tracks the performance of 100 most capitalized companies traded on the London Stock Exchange. 

FTSE 100 companies represent about 80 percent of the entire market capitalization of the London Stock Exchange. It is a free-float index. The index recently hit a low of 7,500 points after a stronger-than-expected US jobs report dashed some hopes of a policy pivot in the UK. However, it recovered some ground amid a rebound in heavyweight value shares, mimicking the performance of US-based solid companies like Johnson & Johnson (NYSE:JNJ), The Coca-Cola Company (NYSE:KO), and The Procter & Gamble Company (NYSE:PG). 

In November 2022, the export-oriented index rallied almost 7%, the best monthly performance since November 2020, igniting hopes of a recovery. The yield on the UK’s 10-year government bond, also called gilt, fluttered around 3.1% at the start of December, remaining close to its lowest level since early September. Recently, the deputy governor of the Bank of England backed more interest rate hikes but clarified the government would consider cutting rates if the economy developed differently to expectations. 

Other economic experts in the UK have also predicted that rates are likely to rise this year, be on hold the next year, and will then start falling in 2024. In order to sum up, the markets are betting on a 50 to 75 bps increase at the next December meeting of the central bank. Investors can take advantage of this temporary slowdown in the UK market to pick up shares of undervalued firms at discount prices. Since these firms have established businesses, their shares are most likely to rally in the coming months as the economy recovers. 

However, there is reason to proceed with caution in this regard. According to the central bank, although the economy might technically avoid a recession, it would still shrink by around 0.25% through 2023. The unemployment rate in the next few months is also likely to rise to around 5.5%. Per the central bank, households might see the biggest squeeze to their incomes since records started being kept in 1964. Energy prices are also set to rise further in Europe as the Russian invasion of Ukraine prolongs. 

As a result of higher inflation, the government in the UK is also under pressure to raise taxes on oil and gas firms, which have seen profits surge due to rising energy prices. These taxes are meant to fund measures aimed at helping families with low incomes during the coming economic crisis. Supply disruptions due to the virus crisis in China and the Ukraine war have also contributed to the rise in inflation over the past few months in the UK. Inflation is now at its highest levels in the country since 1982.

However, there is reason to proceed with caution in this regard. According to the central bank, although the economy might technically avoid a recession, it would still shrink by around 0.25% through 2023. The unemployment rate in the next few months is also likely to rise to around 5.5%. Per the central bank, households might see the biggest squeeze to their incomes since records started being kept in 1964. Energy prices are also set to rise further in Europe as the Russian invasion of Ukraine prolongs. 

Our Methodology

The firms based in the United Kingdom were selected for the list. The companies with a PE Ratio of around 20 or less were preferred. The analyst ratings of each company are also discussed to provide readers with some more context about their investment decisions. 

Best Undervalued UK Stocks to Buy Now

10. Standard Chartered PLC (LSE:STAN.L)

PE Ratio: 9.37

Standard Chartered PLC (LSE:STAN.L) provides various banking products and services primarily in Asia, Africa, Europe, the Americas, and the Middle East. The company operates through two segments: Corporate, and Commercial and Institutional Banking. On October 17, Standard Chartered PLC (LSE:STAN.L) posted earnings for the third quarter of 2022, reporting earnings per share of $0.33. The net profit over the period was $1.07 million.

Standard Chartered was formed in 1969 through the merger of two separate Banks, Standard Bank of British South Africa and the Chartered Bank of India, Australia and China. With a rich international history, today Standard Chartered is one of the world’s leading banks across Asia, Africa and the Middle East. 

Just like Johnson & Johnson (NYSE:JNJ), The Coca-Cola Company (NYSE:KO), and The Procter & Gamble Company (NYSE:PG), Standard Chartered PLC (LSE:STAN.L) is one of the undervalued stocks that elite investors are buying. 

9. Imperial Brands PLC (LSE:IMB.L)

PE Ratio: 12.82

Imperial Brands PLC (LSE:IMB.L) manufactures, imports, markets, and sells tobacco and tobacco-related products in Europe, Americas, Africa, Asia, and Australasia. It offers a range of cigarettes, fine cut and smokeless tobacco, papers, and cigars. The company was founded as the Imperial Tobacco Company in 1901 by a consortium of British tobacco manufacturers seeking strength through unity following an attempt by James Buchanan Duke of the American Tobacco Company to take over the British tobacco industry. 

Some of the major brands owned by Imperial Brands PLC (LSE:IMB.L) include Davidoff, Gauloises, JPS, West, L&B, Winston, Parker & Simpson, blu, Pluze, Zone-X, Kool, Horizon, Backwoods, Skruf, Golden Virginia, Rizla, and Dutch Masters. The company is based in Bristol and was founded in 1901. 

8. Centrica plc (LSE:CAN.L)

PE Ratio: 9.63

Centrica plc (LSE:CAN.L) operates as an integrated energy company in the United Kingdom, Ireland, Norway, North America, and internationally. The company operates through British Gas Services & Solutions, British Gas Energy, Centrica Business Solutions and Energy Marketing & Trading. On August 9, UK’s Centrica plc (LSE:CAN.L) said that it signed a 15-year supply deal with Delfin Midstream at $8.45 billion for liquefied natural gas from a planned LNG export facility off the coast of Louisiana.

Centrica plc (LSE:CAN.L)’s adjusted operating profit for the first six months of 2022 rose to 1.34 billion pounds ($1.55 billion), up from 262 million a year earlier. Centrica plc (LSE:CAN.L) was formed in February following the British Gas plc demerger, which was renamed BG plc at the same time. British Gas’ Gas Sales and Gas Trading, Services and Retail businesses, together with the gas production business of the North and South Morecambe gas fields, were transferred to Centrica. 

7. Oakley Capital Investments Limited (LSE:OCI.L)

PE Ratio: 2.28

Oakley Capital Investments Limited (LSE:OCI.L) is a private equity and venture capital firm. The company specializes in investments in early, growth, late stage, mid markets, restructuring, and re-financings. It also has experience in management buy-outs, management buy-ins, public to privates, secondary purchases, growth capital, turnarounds, industry consolidation, business roll-outs and buy-and-build investments. 

Oakley Capital Investments Limited (LSE:OCI.L) has an impressive earnings per share growth that makes the stock a bargain at present prices. Compounded over the past three years, the firm has annual EPS growth of 43%. 

Oakley Capital Investments Limited (LSE:OCI.L) is also growing in terms of revenue. In the past twelve months, the company has registered 105% growth in the revenue space, clocking in £339 million during the period. 

6. British American Tobacco p.l.c. (NYSE:BTI)

PE Ratio: 14.60

British American Tobacco p.l.c. (NYSE:BTI) provides tobacco and nicotine products to consumers worldwide. Some of these products include vapor, tobacco heating, and modern oral nicotine products like combustible products, and traditional oral products, such as snus and moist snuff. The company is based in London and was founded in 1902. It has consistently paid a dividend to shareholders for the past twelve years. Over the past three years, these payouts have registered consistent growth as well. 

On December 1, investment advisory JPMorgan maintained an Overweight rating on British American Tobacco p.l.c. (NYSE:BTI) stock and lowered the price target to 4,000 GBp from 4,500 GBp. Analyst Jared Dinges issued the ratings update. 

At the end of the third quarter of 2022, 14 hedge funds in the database of Insider Monkey held stakes worth $1.7 billion in British American Tobacco p.l.c. (NYSE:BTI), compared to 17 in the preceding quarter worth $2.3 billion. 

Among the hedge funds being tracked by Insider Monkey, Florida-based investment firm GQG Partners is a leading shareholder in British American Tobacco p.l.c. (NYSE:BTI) with 33 million shares worth more than $1.1 billion. 

In addition to Johnson & Johnson (NYSE:JNJ), The Coca-Cola Company (NYSE:KO), and The Procter & Gamble Company (NYSE:PG), British American Tobacco p.l.c. (NYSE:BTI) is one of the undervalued stocks that elite investors are buying. 

In its Q1 2022 investor letter, Distillate Capital Partners LLC, an asset management firm, highlighted a few stocks and British American Tobacco p.l.c. (NYSE:BTI) was one of them. Here is what the fund said:

“Distillate Capital’s International FSV Strategy is less expensive, more fundamentally stable, and less levered than the benchmark All Country World Ex U.S. (ACWI-EX US) Index.The largest new position is British American Tobacco p.l.c. (NYSE:BTI), which was not owned previously due to leverage, but now passes that threshold and offers an 11% free cash flow to market cap yield.”

 

Click to continue reading and see 5 Best Undervalued UK Stocks to Buy Now.

 

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Disclosure. None. 10 Best Undervalued UK Stocks to Buy Now is originally published on Insider Monkey.

]]> Tue, 06 Dec 2022 17:44:51 +0200 https://api.follow.it/track-rss-story-click/v3/zjPTUnu5s40qVcadhHdCnm7fhEn5oRuR https://api.follow.it/track-rss-story-click/v3/zjPTUnu5s42KyJjGwDpkS5NaYRWadcX6

In this article, we discuss the 5 best undervalued UK stocks to buy now. If you want to read about some more undervalued UK stocks, go directly to 10 Best Undervalued UK Stocks to Buy Now.

5. Redrow plc (LSE:RDW.L)

PE Ratio: 8.26

Redrow plc (LSE:RDW.L) focuses on house building activities in the United Kingdom. It is involved in acquiring land; and develops and sells residential housing properties. Redrow plc was founded in 1974 and is based in Flintshire, the United Kingdom. Harrow estates PLC, Redrow Homes, Redrow Regeneration and Image Lines Limited are subsidiaries of Redrow plc. On 26 August 2022, Redrow plc (LSE:RDW.L) revealed that it had acquired an eight-acre site in Oldham borough, with full planning permission for up to 77 new homes. The site acquisition represents a fifth in recent years for Redrow in Oldham.  

Redrow plc (LSE:RDW.L) expects annual revenue to be around GBP 2.1 billion in 2022, roughly in line with financial year 2022 expectations. Its operating margin is expected to be 18%, down from 19.3% a year prior. The previous Redrow plc dividend was 22p. There are typically 2 dividends per year, and the dividend cover is approximately 6.4.

Redrow plc (LSE:RDW.L) was founded by Steve Morgan. In 1978, the company expanded into building contracting. In 1980, Redrow achieved its first million-pound contract. In 1982, the Redrow Homes development subsidiary was formed. 

]]> Tue, 06 Dec 2022 17:42:47 +0200 https://api.follow.it/track-rss-story-click/v3/zjPTUnu5s42KyJjGwDpkS5NaYRWadcX6 https://api.follow.it/track-rss-story-click/v3/zjPTUnu5s42KyJjGwDpkSy1Ly282xAAw

In this article, we discuss the 12 best communication stocks to buy today. If you want to read about some more communication stocks to buy today, go directly to 5 Best Communication Stocks To Buy Today.

The communications industry has grown from a sector that used to include just telecommunications, newspapers, magazines, books, and radio and television broadcasting to one that also encompasses the world of internet and software-as-a-service providers. On a global level, it is one of the biggest and most stable businesses. Over the past year, the incredible rise in demand for higher-speed networks, partially as a result of more businesses going digital, has resulted in huge fiber and wireless deployments. 

As a new year beckons, there is an emerging set of issues and opportunities presented by a dynamic regulatory, technological, and competitive environment that may influence progress in the communications space. Per a report by research firm Deloitte, the biggest trends shaping the telecommunications industry are more competitive broadband markets and cybersecurity in the 5G era. The Economist Intelligence Unit claims that artificial intelligence will continue to develop after several breakthroughs in the area too. 

These growth trends are also reflected in governmental policies. For example, the United States government recently passed a $1 trillion infrastructure bill that has earmarked over $65 billion for the upgradation of broadband networks across the country, boosting communications stocks. The software side in the business is growing rapidly, some estimates place the annual growth of this sub-space in the communications sector at more than 6%. There is also spending on expanded options for high-quality communication and internet services.

The enterprise market for private cellular networks and edge computing is gaining momentum as well. The market is still nascent but promises to be competitive in near future. Network operators will have to compete against each other as well as new players, who may prove key partners in delivering future tech solutions. While the widespread adoption of 5G offers many benefits, it also creates new security concerns and challenges. The operators have taken steps to evaluate and minimize threats arising from 5G and software-centric networks. 

Taking advantage of the situation, they are in a unique position to offer 5G security services to enterprises seeking to deploy their own advanced wireless networks. The challenges outlined can be overcome by reevaluating business models in terms of both service offerings and geographies. Companies can also look for ways to differentiate services on non-performance attributes. Some of the top firms in the sector include T-Mobile US, Inc. (NASDAQ:TMUS), Charter Communications, Inc. (NASDAQ:CHTR), and Alphabet Inc. (NASDAQ:GOOG). 

Our Methodology

These communication stocks are extremely popular among the 920 elite hedge funds tracked by Insider Monkey. They also have strong analyst ratings from the Wall Street and have long-term growth potential.

EvgeniiAnd/Shutterstock.com

Best Communication Stocks To Buy Today

12. Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Number of Hedge Fund Holders: 5    

Chunghwa Telecom Co., Ltd (NYSE:CHT) provides telecommunication services in Taiwan and internationally. On November 1, Chunghwa Telecom posted earnings for the third quarter of 2022, reporting earnings per share of NT$1.20. The revenue over the period was NT$53.51 billion, up 5.1% compared to the revenue over the same period last year.

At the end of the third quarter of 2022, 5 hedge funds in the database of Insider Monkey held stakes worth $123.6 million in Chunghwa Telecom Co., Ltd (NYSE:CHT), compared to 6 in the previous quarter worth $152.5 million.

11. TELUS Corporation (NYSE:TU)

Number of Hedge Fund Holders: 19     

TELUS Corporation (NYSE:TU) provides a range of telecommunications and information technology products and services in Canada. On October 27, Telus said that it has agreed to acquire Charlottesville, a Virginia-based digital product provider from WillowTree for a total enterprise value of $1.225 billion. The consideration is inclusive of $210 million of assumed debt, of which $125 million will be settled in TU subordinate voting shares.

On November 8, investment advisory BMO Capital maintained an Outperform rating on TELUS Corporation (NYSE:TU) stock and lowered the price target to C$35 from C$37. Analyst Keith Bachman issued the ratings update. 

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Renaissance Technologies is a leading shareholder in TELUS Corporation (NYSE:TU) with 3.4 million shares worth more than $67.9 million. 

10. Nexstar Media Group, Inc. (NASDAQ:NXST)

Number of Hedge Fund Holders: 32  

Nexstar Media Group, Inc. (NASDAQ:NXST) is a television broadcasting and digital media company that focuses on the acquisition, development, and operation of television stations and interactive community websites and digital media services in the United States. On November 8, Nexstar Media posted earnings for the third quarter of 2022, reporting earnings per share of $7.30, beating market estimates by $1.89. The revenue over the period was $1.27 billion, up 9.5% compared to the revenue over the same period last year and missing market estimates by $20 million.

On November 11, Barrington analyst James Goss maintained an Outperform rating on Nexstar Media Group, Inc. (NASDAQ:NXST) stock and lowered the price target to $200 from $240, highlighting that the company reported third-quarter revenues below estimates and EBITDA that was slightly lower due to the miss on revenues. 

At the end of the third quarter of 2022, 32 hedge funds in the database of Insider Monkey held stakes worth $685.8 million in Nexstar Media Group, Inc. (NASDAQ:NXST), compared to 33 in the preceding quarter worth $779 million. 

In its Q1 2022 investor letter, Richie Capital Group, an asset management firm, highlighted a few stocks and Nexstar Media Group, Inc. (NASDAQ:NXST) was one of them. Here is what the fund said:

“Nexstar Media Group (NXST up 24.8%) – The television broadcasting and digital media company surged during the quarter after presenting at an investor conference where management pointed to a strong 2022 for both political advertising and retransmission. They have exposure to more than 80% of markets with competitive mid-term political races. NXST is developing new ad categories such as sports betting and they are focused on expanding digital ad revenue and providing digital solutions to local advertisers. Auto advertising will return in the fall as auto dealerships re-enter the market to sell their replenished inventory.”

9. DISH Network Corporation (NASDAQ:DISH)

Number of Hedge Fund Holders: 40  

DISH Network Corporation (NASDAQ:DISH) provides pay-TV services in the United States. On November 7, Dish Network Corp priced a $2 billion offering of its 11.75% senior secured notes due 2027. The notes will be issued at 98.171% of the principal amount. 

On November 4, Citi analyst Michael Rollins maintained a Buy rating on DISH Network Corporation (NASDAQ:DISH) stock and lowered the price target to $33 from $34, highlighting that the quarter saw continued progress on the 5G network built by the firm. 

At the end of the third quarter of 2022, 40 hedge funds in the database of Insider Monkey held stakes worth $776.7 million in DISH Network Corporation (NASDAQ:DISH), compared to 41 in the preceding quarter worth $936.9 million. 

8. Altice USA, Inc. (NYSE:ATUS)

Number of Hedge Fund Holders: 42

Altice USA, Inc. (NYSE:ATUS) provides broadband communications and video services in the United States, Canada, Puerto Rico, and the Virgin Islands. On November 2, Altice USA posted earnings for the third quarter of 2022, reporting earnings per share of $0.19, missing market estimates by $0.16. The revenue over the period was $2.39 billion, down 7.0% compared to the revenue over the same period last year and missing market estimates by $60 million. 

On November 9, Deutsche Bank analyst Bryan Kraft maintained a Hold rating on Altice USA, Inc. (NYSE:ATUS) stock and lowered the price target to $6 from $9, highlighting that the company’s results for the third quarter can be summarized as a slight worsening of trends from a competitive point of view.

Among the hedge funds being tracked by Insider Monkey, New York-based firm HG Vora Capital Management is a leading shareholder in Altice USA, Inc. (NYSE:ATUS) with 15 million shares worth more than $87.5 million. 

In its Q2 2022 investor letter, MPE Capital, an asset management firm, highlighted a few stocks and Altice USA, Inc. (NYSE:ATUS) was one of them. Here is what the fund said:

“Two (very) costly mistakes I’ve made over the last twelve months have been my investments in Altice USA, Inc. (NYSE:ATUS) and Poshmark. Both are down over 50% from my initial purchase price. I not only poorly appraised business quality; I also incorrectly appraised the intrinsic value of both of these companies. It should rarely end up being the case that we pay over intrinsic value, in the worst case we should never lose money on an investment. I will dive into one of these mistakes below and maybe dive into the other in a future letter. My thinking when buying Altice USA was that they operate as a duopoly in their main footprint, the New York Tri-State area. They provide a needs-based service: internet, video, and voice services. I figured this is a very stable business with high barriers to entry. Management seemed competent as well based on historical capital allocation decisions. I didn’t fully appreciate at the time how poorly positioned they were relative to Verizon Fios, as well as how fiercely competitive the business can get on promotions and customer acquisition.

Altice offers hybrid fiber coaxial (HFC) while Fios offers fiber-to-the-home (FTTH). FTTH is a far superior product, which has led to some share loss to Fios in the parts of their footprint that overlap. There have also been some subscriber losses in their other footprint due to new cable entrants and fixed wireless offerings.

My original thinking was that the video business will go to zero over time due to continued pressure from services like Netflix. In hindsight, I overstated their free cash flows excluding the video business due to difficulties disaggregating their business results. This FCF delta is a huge contributor to the difference between my current and original estimates of intrinsic value. Now, it’s possible that the video business doesn’t go to zero; however, I have a hard time envisioning that many households in ten years will still subscribe to linear television.

After losing some subscribers and facing some headwinds, they are now reinvesting many billions over the next few years to fiberize the majority of their footprint. I think this is a great plan and it will hopefully cement their position as a true duopoly in the New York TriState area. However, in their other major footprint, new fiber entrants are coming in and competition will only intensify. There are also some new entrants entering this space like Starlink satellite internet and fixed wireless internet from tier-one mobile carriers. I think these will generally be more expensive and inferior to FTTH; however, they may end up putting some pricing pressure on Altice over time.”

7. AT&T Inc. (NYSE:T)

Number of Hedge Fund Holders: 61     

AT&T Inc. (NYSE:T) provides telecommunications, media, and technology services worldwide. On November 2, AT&T revealed that it is expanding its existing credit facility to $12 billion from $7.5 billion. The company said that advances would be used for general corporate purposes. It is also amongst the most notable dividend-paying stocks in the market.

On October 24, Raymond James analyst Frank Louthan upgraded AT&T Inc. (NYSE:T) stock to Strong Buy from Outperform with an unchanged price target of $24, noting that the company will outperform Verizon over the coming several months based on the current operating performance between two companies.

At the end of the third quarter of 2022, 61 hedge funds in the database of Insider Monkey held stakes worth $1.5 billion in AT&T Inc. (NYSE:T), compared to 55 in the previous quarter worth $1.7 billion.

In its Q2 2022 investor letter, Chartwell Investment Partners, an asset management firm, highlighted a few stocks and AT&T Inc. (NYSE:T) was one of them. Here is what the fund said:

“In the Dividend Equity accounts, the three best performers in Q2 include AT&T (NYSE:T, 2.5%), up 17.1%. AT&T completed the spin of the WarnerMedia business (HBO, CNN, etc.), and the market seemed to like the “back-to-basics” approach. Also, the telco business is expected to do relatively well in an inflationary environment.”

6. Verizon Communications Inc. (NYSE:VZ)

Number of Hedge Fund Holders: 62  

Verizon Communications Inc. (NYSE:VZ) offers communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. On December 1, Verizon Communications declared a quarterly dividend of $0.6525, in line with the previous and the forward yield was 6.83%.

On October 26, Morgan Stanley analyst Simon Flannery maintained an Equal Weight rating on Verizon Communications Inc. (NYSE:VZ) stock and lowered the price target to $41 from $58, highlighting that the firm was able to avoid another guidance cut but investors still have questions about the forward strategy given struggles to grow the consumer postpaid phone base in a strong wireless market.

Among the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in Verizon Communications Inc. (NYSE:VZ) with 8 million shares worth more than $304.6 million. 

Alongside T-Mobile US, Inc. (NASDAQ:TMUS), Charter Communications, Inc. (NASDAQ:CHTR), and Alphabet Inc. (NASDAQ:GOOG), Verizon Communications Inc. (NYSE:VZ) is one of the best communications stocks to buy today according to elite investors. 

In its Q3 2022 investor letter, Mawer Investment Management, an asset management firm, highlighted a few stocks and Verizon Communications Inc. (NYSE:VZ) was one of them. Here is what the fund said:

“There are a few other segments of our portfolios that displayed weakness in the quarter. Cable and telecommunication companies have been an area that has lagged behind the broader market as their worlds are increasingly colliding. Companies such as Verizon (NYSE:VZ) have been impacted as the wireless operator is spending heavily to attract internet subscribers with fixed wired access and the cable companies are trying to build wireless businesses.”

 

Click to continue reading and see 5 Best Communication Stocks To Buy Today.

 

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Disclosure. None. 12 Best Communication Stocks To Buy Today is originally published on Insider Monkey.

]]> Tue, 06 Dec 2022 17:26:54 +0200 https://api.follow.it/track-rss-story-click/v3/zjPTUnu5s42KyJjGwDpkSy1Ly282xAAw https://api.follow.it/track-rss-story-click/v3/zjPTUnu5s41QR6STMwboV3CrAHWlao0B

In this article, we discuss the 5 best communication stocks to buy today. If you want to read about some more communication stocks to buy today, go directly to 12 Best Communication Stocks To Buy Today.

5. Charter Communications, Inc. (NASDAQ:CHTR)

Number of Hedge Fund Holders: 68 

Charter Communications, Inc. (NASDAQ:CHTR) operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. On November 2, Charter Communications said that Comcast and Charter Communications have named their streaming platform joint venture Xumo – repurposing the name of Comcast’s free ad-supported streaming service into a bigger ecosystem.

On October 31, Truist analyst Greg Miller maintained a Hold rating on Charter Communications, Inc. (NASDAQ:CHTR) stock and lowered the price target to $380 from $450, highlighting that the company’s third-quarter results were mixed as it reported high mobile net additions, though its legacy businesses are seen in perpetual decline.

At the end of the third quarter of 2022, 68 hedge funds in the database of Insider Monkey held stakes worth $3.4 billion in Charter Communications, Inc. (NASDAQ:CHTR), compared to 68 in the preceding quarter worth $5.7 billion.

In its Q3 2022 investor letter, Weitz Investment Management, an asset management firm, highlighted a few stocks and Charter Communications, Inc. (NASDAQ:CHTR) was one of them. Here is what the fund said:

“Liberty Broadband’s primary asset is a 26% stake in Charter Communications (NASDAQ:CHTR). Charter is not sitting still; the company is adapting via footprint expansion into underserved areas, price-advantaged mobile line growth, and so on. Charter’s hefty free cash flows are valuable in the hands of proven, astute capital allocators. Time will tell, but to paraphrase country music artist Merle Haggard, we do not yet think cable’s good times are really over for good.”

]]> Tue, 06 Dec 2022 17:21:44 +0200 https://api.follow.it/track-rss-story-click/v3/zjPTUnu5s41QR6STMwboV3CrAHWlao0B https://api.follow.it/track-rss-story-click/v3/zjPTUnu5s41QR6STMwboV31d0VB8z-7c

In this article, we discuss the 11 best German stocks to buy now. If you want to read about some more best German stocks, go directly to the 5 Best German Stocks to Buy Now.

Germany is the largest economy by Gross Domestic Product (GDP) in Europe, even though several financial markets of the country are actually smaller than those of neighboring France and the UK. Germany has the eighth-highest share of the global equity markets, a somewhat interesting number given the strength and power it enjoys on the world stage. It has been observed that retail investors in the country are often more hesitant to invest in stocks than in countries like the United Kingdom or United States. 

This is partly due to the fact that Germany has a more generous government pension system than the rest of the world, but another reason for this lies in the nature of the German economy. The contribution of manufacturing to total GDP is proportionally larger in Germany than other countries, lowering the centrality of the stock market for generating revenue. The largest stock market in Germany is the Frankfurt Stock Exchange, an international trading center, one of the largest for securities in the world. 

In total, the country has seven stock exchanges with a share in turnover of around 90 per cent. In this capacity, it ensures the functioning of exchange trading. Of the approximately 200 market participants, roughly half are from countries other than Germany. The total market capitalization of the Frankfurt Stock Exchange amounts to around two trillion euros. The traditional trading floor of the Börse Frankfurt, and the Xetra electronic trading system, are two main parts of the Frankfurt Stock Exchange.

Even though the Frankfurt Stock Exchange is not the largest in Europe, it is considered one of the most important financial hubs in the region due to the economic integration created by the euro. According to the World Bank, a collection of development indicators show that the stock market returns in Germany were around 23.68 % in 2021. As per a report by the global body, the Germany Stock Market Index (DE40) is expected to trade at 13,972.81 points by the end of this quarter. 

However, the German markets have also come under pressure from economic uncertainty. The import-export numbers, closely tied to the stock market, are especially telling. Recent data shows the German October import price index rose by 23.5% year-on-year, falling back from the 29.8% year-on-year gain in September, registering the slowest pace of increase in a year.  The German market is also staring at the biggest decline it has seen in nine months as October exports fell 0.6% month-month, weaker than expectations of a 0.2% fall month-on-month. 

Imports fell 3.7% month-month as well, weaker than expectations of a 0.5% month-on-month decline. For investors who are tired of boring, albeit rewarding investments in giants like Amazon.com, Inc. (NASDAQ:AMZN), Alibaba Group Holding Limited (NYSE:BABA), and PayPal Holdings, Inc. (NASDAQ:PYPL), it might be prudent to invest in the German economy. Some top German firms are trading on exchanges in the United States. Some of these are discussed in detail below. 

Our Methodology

The companies that are based in Germany were selected for the list. Special importance was assigned to outlining the basic business fundamentals and analyst ratings for each firm to provide readers with some context so they can make more informed investment choices. Data from around 900 elite hedge funds tracked by Insider Monkey in the third quarter of 2022 was used to identify the number of hedge funds that hold stakes in each firm.

Photo by Jacek Dylag on Unsplash

Best German Stocks to Buy Now

11. voxeljet AG (NASDAQ:VJET)

Number of Hedge Fund Holders: N/A    

voxeljet AG (NASDAQ:VJET) provides three-dimensional (3D) printers and on-demand parts services to industrial and commercial customers in Europe, the Middle East, Africa, the Asia Pacific, and the Americas. The firm also sells consumables, including particulate materials and proprietary chemical binding agents, maintenance contracts, extended warranty contracts, and spare parts related to these products.

On November 18, Alliance Global Partners analyst Brian Kinstlinger maintained a Buy rating on voxeljet AG (NASDAQ:VJET) stock and lowered the price target to $8 from $10, noting that the company received orders for seven new 3D printers during Q3, which resulted in a record backlog of EUR 13.7 million. 

10. Biofrontera Inc. (NASDAQ:BFRI)

Number of Hedge Fund Holders: 2    

Biofrontera Inc. (NASDAQ:BFRI) is a biopharmaceutical company that engages in the commercialization of pharmaceutical products for the treatment of dermatological conditions in the United States. On September 6, Biofrontera said it had been granted a notice of allowance by the US patent body for a patent covering a nanoemulsion formulation. The US Patent and Trademark Office granted patent application number 12/520,759 titled Nanoemulsion Formulation with Improved Stability and Cell Penetration.

At the end of the third quarter of 2022, 2 hedge funds in the database of Insider Monkey held stakes worth $111,000 in Biofrontera Inc. (NASDAQ:BFRI), compared to 3 in the preceding quarter worth $1.6 million.

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Schonfeld Strategic Advisors is a leading shareholder in Biofrontera Inc. (NASDAQ:BFRI) with 91,300 shares worth more than $96,000. 

Unlike Amazon.com, Inc. (NASDAQ:AMZN), Alibaba Group Holding Limited (NYSE:BABA), and PayPal Holdings, Inc. (NASDAQ:PYPL), Biofrontera Inc. (NASDAQ:BFRI) is one of the more adventurous stocks trading on the US stock exchanges. 

9. Mynaric AG (NASDAQ:MYNA)

Number of Hedge Fund Holders: 3    

Mynaric AG (NASDAQ:MYNA) engages in developing and manufacturing advanced laser communication technology for long-distance data transmission between moving objects for wireless terrestrial, airborne, and space applications in Germany and internationally. On October 18, Mynaric unveiled that it will provide defense firm Northrop Grumman with optical communications terminals for 14 satellites under the Space Development Agency’s Tranche 1 Tracking layer problem. Each satellite will feature three optical communications terminals.

On October 26, Canaccord analyst Austin Moeller maintained a Buy rating on Mynaric AG (NASMYN:MYNA) stock and lowered the price target to $20 from $27, noting that the company recently released new guidance, raising its backlog expectations and reaffirming its cash-in from customer contract expectations for 2022.  

At the end of the third quarter of 2022, 3 hedge funds in the database of Insider Monkey held stakes worth $4.5 million in Mynaric AG (NASDAQ:MYNA), compared to 4 in the previous quarter worth $7.85 million. 

8. VIA optronics AG (NYSE:VIAO)

Number of Hedge Fund Holders: 3     

VIA optronics AG (NYSE:VIAO) provides display solutions worldwide. On November 23, VIA optronics AG posted earnings for the third quarter of 2022, reporting losses per share of €0.27. The revenue over the period was €62.9 million, up 27.3% compared to the revenue over the same period last year. 

On September 30, Craig-Hallum analyst Anthony Stoss maintained a Buy rating on VIA optronics AG (NYSE:VIAO) stock and lowered the price target to $3 from $5, noting that the company’s revenues were slightly above guidance for the third quarter but continued supply shortages and lingering logistics challenges weighed on gross margins.

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Royce Associates is a leading shareholder in VIA optronics AG (NYSE:VIAO) with 1.4 million shares worth more than $2.3 million.  

At the end of the third quarter of 2022, 3 hedge funds in the database of Insider Monkey held stakes worth $4.3 million in VIA optronics AG (NYSE:VIAO), the same as in the preceding quarter worth $5.7 million. 

7. Spark Networks SE (NASDAQ:LOV)

Number of Hedge Fund Holders: 5  

Spark Networks SE (NASDAQ:LOV) operates online dating sites and mobile applications. On November 8, Spark Networks SE reported financial results for its third quarter ended September 30, 2022. Revenue was $48.2 million, compared to $53.3 million in the third quarter of 2021. On a constant currency basis, revenue would have been $51.5 million in the third quarter of 2022. Net loss was $10.7 million, including an $11.8 million non-cash impairment charge to the Zoosk trade name, compared to a net loss of $2.7 million in the third quarter of 2021.

At the end of the third quarter of 2022, 5 hedge funds in the database of Insider Monkey held stakes worth $12.5 million in Spark Networks SE (NASDAQ:LOV), compared to 5 in the preceding quarter worth $20.8 million. 

Among the hedge funds being tracked by Insider Monkey, California-based investment firm Osmium Partners is a leading shareholder in Spark Networks SE (NASDAQ:LOV) with 5.6 million shares worth more than $10 million. 

6. MYT Netherlands Parent B.V. (NYSE:MYTE)

Number of Hedge Fund Holders: 5  

MYT Netherlands Parent B.V. (NYSE:MYTE) operates a luxury e-commerce platform for fashion consumers in Germany, the United States, the rest of Europe, and internationally. On November 8, MYT Netherlands Parent posted earnings for the first quarter of 2022, reporting losses per share of €0.04. The revenue over the period was €175.9 million, up 11.5% compared to the revenue over the same period last year.

On September 20, analyst Kunal Madhukar maintained a Buy rating on MYT Netherlands Parent B.V. (NYSE:MYTE) stock and raised the price target to $16 from $14, noting that despite the company’s mixed fourth-quarter results, the dip in the stock price creates a buying opportunity.  

At the end of the third quarter of 2022, 5 hedge funds in the database of Insider Monkey held stakes worth $44.85 million in MYT Netherlands Parent B.V. (NYSE:MYTE), compared to 6 in the preceding quarter worth $36.8 million. 

Among the hedge funds being tracked by Insider Monkey, Hong Kong-based investment firm Sylebra Capital Management is a leading shareholder in MYT Netherlands Parent B.V. (NYSE:MYTE) with 3.7 million shares worth more than $43 million. 

In contrast to Amazon.com, Inc. (NASDAQ:AMZN), Alibaba Group Holding Limited (NYSE:BABA), and PayPal Holdings, Inc. (NASDAQ:PYPL), MYT Netherlands Parent B.V. (NYSE:MYTE) is one of the more adventurous stocks trading on the US stock exchanges. 

 

Click to continue reading and see 5 Best German Stocks to Buy Now.

 

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Disclosure. None. 11 Best German Stocks to Buy Now is originally published on Insider Monkey.

]]> Tue, 06 Dec 2022 17:18:35 +0200 https://api.follow.it/track-rss-story-click/v3/zjPTUnu5s41QR6STMwboV31d0VB8z-7c https://api.follow.it/track-rss-story-click/v3/zjPTUnu5s41QR6STMwboV7myhX6zo8SW

In this article, we discuss the 5 best German stocks to buy now. If you want to read about some more best German stocks, go directly to the 11 Best German Stocks to Buy Now.

5. MorphoSys AG (NASDAQ:MOR)

Number of Hedge Fund Holders: 5    

MorphoSys AG (NASDAQ:MOR) is a commercial-stage biopharmaceutical company that engages in the discovery, development, and commercialization of therapeutic antibodies for patients suffering from cancer and autoimmune diseases in the United States. On November 16, MorphoSys posted earnings for the third quarter of 2022, reporting losses per share of €3.60. The revenue over the period was €95.8 million, up 132.5% compared to the revenue over the same period last year. 

On November 18, JMP Securities analyst Jason Butler maintained an Outperform rating on MorphoSys AG (NASDAQ:MOR) stock and lowered the price target to $15 from $32, noting that despite the recent disappointment on partnered programs, the company continues to execute well on proprietary pipeline opportunities with continued enrollment in late-stage trials for pelabresib.

At the end of the third quarter of 2022, 5 hedge funds in the database of Insider Monkey held stakes worth $10 million in MorphoSys AG (NASDAQ:MOR), compared to 2 in the previous quarter worth $8.6 million.

4. Fresenius Medical Care AG & Co. KGaA (NYSE:FMS)

Number of Hedge Fund Holders: 13  

Fresenius Medical Care AG & Co. KGaA (NYSE:FMS) provides dialysis care and related dialysis care services in Germany, North America, and internationally. On August 30, Fresenius announced that it had been awarded a contract from the US Department of Veterans Affairs to provide dialysis services to military veterans. According to the contract, Fresenius will help treat more than 35 thousand military veterans getting dialysis from the VA. 

On November 9, Credit Suisse analyst Christoph Gretler maintained a Neutral rating on Fresenius Medical Care AG & Co. (NYSE:FMS) stock and lowered the price target to EUR 32 from EUR 37.

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Pzena Investment Management is a leading shareholder in Fresenius Medical Care AG & Co. KGaA (NYSE:FMS) with 13 million shares worth more than $184 million. 

In its Q3 2022 investor letter, Artisan Partners, an asset management firm, highlighted a few stocks and Fresenius Medical Care AG & Co. KGaA (NYSE:FMS) was one of them. Here is what the fund said:

“We exited our position in Fresenius Medical Care AG & Co. KGaA (NYSE:FMS), a vertically integrated provider of dialysis equipment and services. The company has experienced headwinds related to the pandemic, most notably due to the higher mortality rates found among dialysis patients. We anticipated the business would recover post-COVID and benefit from the secular growth of its end markets; however, the company has also suffered from cost inflation pressures and reimbursement challenges. Based on these factors, we chose to sell our remaining shares in favor of better opportunities.”

]]> Tue, 06 Dec 2022 17:15:09 +0200 https://api.follow.it/track-rss-story-click/v3/zjPTUnu5s41QR6STMwboV7myhX6zo8SW https://api.follow.it/track-rss-story-click/v3/zjPTUnu5s43snDtNR2LeCgp41t9tiERU

In this article, we discuss the 10 cheap gaming stocks to buy now. If you want to read about some more cheap gaming stocks to buy now, go directly to 5 Cheap Gaming Stocks to Buy Now.

As per the latest market analysis report by Technavio, the potential growth difference for the gaming market between 2021 and 2026 is close to $75 billion, indicating a compound annual growth rate of more than 7.30%. Research by consulting firm iMarc reveals that the global gaming market size will cross $202 billion in 2022. The research shows that the gaming market will cross $340 billion in value by 2028, exhibiting an annual growth rate of more than 9.08% during 2023-2028.

The growing adoption of augmented reality (AR) and virtual reality (VR) games is one of the key factors driving the global gaming industry growth. Game developers mostly prefer AR and VR devices as compared to traditional gaming devices for their higher margins. Top gaming firms like Microsoft Corporation (NASDAQ:MSFT), Sea Limited (NYSE:SE), and NVIDIA Corporation (NASDAQ:NVDA), the latter mostly working on the hardware for gaming devices, are also developing gaming platforms using 3D technologies. 

Technavio claims that the Asia-Pacific region will lead growth in the gaming market over the next five years, capturing nearly 56% of the expansion in gaming globally as countries like China, Japan, and South Korea remain key markets for the industry. It has been estimated that the market growth in the region will be faster than the growth of the market in other regions. Further the increasing penetration of e-sports in developing countries will also contribute to the growth of the gaming market worldwide. 

In addition to sweeping trends in AR and VR, the rise of casual web gaming is also important. HTML5 (H5) games are golden opportunities for both game developers and non-gaming publishers to grow bottom lines. H5 games are easily accessible anywhere and on any device. Basically, anyone can play these games. Globally, the H5 gaming market is forecast to expand from $832.21 million in 2022 to $2.69 billion by 2027. H5 games provide developers a new way to grow revenue without high development costs. 

Our Methodology

The companies that operate in the gaming sector and were priced under $50 per share, as of December 5, were selected for the list. Special importance was assigned to outlining the basic business fundamentals and analyst ratings for each firm to provide readers with some context so they can make more informed investment choices. Data from around 900 elite hedge funds tracked by Insider Monkey in the third quarter of 2022 was used to identify the number of hedge funds that hold stakes in each firm.

ella-don-ZARLJPBTozQ-unsplash

Cheap Gaming Stocks to Buy Now

10. Corsair Gaming, Inc. (NASDAQ:CRSR)

Number of Hedge Fund Holders: 9    

 

Share Price as of December 5: $17.11

Corsair Gaming, Inc. (NASDAQ:CRSR) designs, markets, and distributes gaming and streaming peripherals, components and systems in the Americas, Europe, the Middle East, and the Asia Pacific. On November 3, Corsair Gaming posted earnings for the third quarter of 2022, reporting losses per share of $0.09 in-line. The revenue over the period was $311.77 million, down 20.3% compared to the revenue over the same period last year and beating market estimates by $4.65 million.

At the end of the third quarter of 2022, 9 hedge funds in the database of Insider Monkey held stakes worth $19.2 million in Corsair Gaming, Inc. (NASDAQ:CRSR), compared to 10 in the preceding quarter worth $26.8 million.

Unlike Microsoft Corporation (NASDAQ:MSFT), Sea Limited (NYSE:SE), and NVIDIA Corporation (NASDAQ:NVDA), Corsair Gaming, Inc. (NASDAQ:CRSR) is one the more affordable gaming stocks to buy now according to elite investors. 

In its Q4 2021 investor letter, Sterling Partners Equity Advisors, an asset management firm, highlighted a few stocks and Corsair Gaming, Inc. (NASDAQ:CRSR) was one of them. Here  is what the fund said:

“Corsair Gaming, Inc. (NASDAQ:CRSR) is a global developer and manufacturer of high-performance gear and technology for gamers, content creators, and PC enthusiasts. Corsair delivers a full ecosystem of products; PC Components, Peripherals, Premium Streaming Equipment, and Smart Ambient Lighting. Corsair responded to the difficult sourcing and shipping environment by building inventory closer to its customers. Management believes that once this difficult supply chain is behind them their targeted growth and profitability targets will return. We believe in the growing gaming market globally and Corsair is positioned well to support this growing customer base with a platter of products.”

9. Sohu.com Limited (NASDAQ:SOHU)

Number of Hedge Fund Holders: 14  

 

Share Price as of December 5: $15.08

Sohu.com Limited (NASDAQ:SOHU) provides online media, video, and game products and services on PCs and mobile devices in China. On November 14, Sohu.com Limited posted unaudited financial results for the third quarter that ended September 30, 2022. Total revenues were $185 million, down 14% year-over-year and 5% quarter-over-quarter. Brand advertising revenues were $26 million, down 24% year-over-year and up 3% quarter-over-quarter.

On November 15, Citi analyst Alicia Yap maintained a Buy rating on Sohu.com Limited (NASDAQ:SOHU) stock and lowered the price target to $21 from $22, highlighting the change has been made due to the company’s third-quarter results.  

At the end of the third quarter of 2022, 14 hedge funds in the database of Insider Monkey held stakes worth $81.8 million in Sohu.com Limited (NASDAQ:SOHU), compared to 12 in the preceding quarter worth $90.9 million. 

8. Golden Entertainment, Inc. (NASDAQ:GDEN)

Number of Hedge Fund Holders: 24 

 

Share Price as of December 5: $43.43

Golden Entertainment, Inc. (NASDAQ:GDEN) engages in the ownership and operation of a diversified entertainment platform in the United States. On November 8, Golden Entertainment and Quick Custom Intelligence announced that QCI Host will be deployed across all of Golden Entertainment’s casinos and taverns throughout Nevada. The OCI Host aligns player development, marketing and gaming with powerful real-time operational tools developed for the gaming and hospitality industries. QCI has installed software in more than 95 casino resorts in North America and almost 4,000 sites globally. 

On October 20, CBRE analyst John DeCree resumed coverage of Golden Entertainment, Inc. (NASDAQ:GDEN) stock with a Buy rating and $58 price target, noting the growing risk of a US recession, rising interest rates, and difficult FY23 comparisons in the local market. 

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Hill Path Capital is a leading shareholder in Golden Entertainment, Inc. (NASDAQ:GDEN) with 1.2 million shares worth more than $37.3 million. 

7. Sonos, Inc. (NASDAQ:SONO)

Number of Hedge Fund Holders: 24  

 

Share Price as of December 5: $17.83   

Sonos, Inc. (NASDAQ:SONO) designs, develops, manufactures, and sells multi-room audio products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. These audio products are used by gaming firms and individual gamers to enhance their audio experiences for video games. In VR and AR gaming, audio forms an important component of the overall gaming experience. On November 16, Sonos posted earnings for the fourth quarter of 2022, reporting losses earnings per share of $0.32, beating market estimates by $0.01. The revenue over the period was $316.29 million, down 12% compared to the revenue over the same period last year and beating market estimates by $21.68 million.

On October 17, Morgan Stanley analyst Erik Woodring maintained an Equal Weight rating on Sonos, Inc. (NASDAQ:SONO) stock and lowered the price target to $17 from $20, highlighting that in the third quarter, consumer and business checks deteriorated, indicating additional downward to estimates for IT hardware names. 

Among the hedge funds being tracked by Insider Monkey, Rowayton, Connecticut-based investment firm Coliseum Capital is a leading shareholder in Sonos, Inc. (NASDAQ:SONO) with 7.2 million shares worth more than $99.9 million.  

In its Q1 2022 investor letter, Aristotle Capital Management, an asset management firm, highlighted a few stocks and Sonos, Inc. (NASDAQ:SONO) was one of them. Here is what the fund said:

“Sonos (NASDAQ:SONO), a consumer electronics company with proprietary multi-room smart speaker technology, was added to the portfolio on the belief that strong consumer demand for the company’s differentiated product offering plus a multi-year pipeline of upcoming new product introductions is expected to drive shareholder value for the next several years.”

6. Playtika Holding Corp. (NASDAQ:PLTK)

Number of Hedge Fund Holders: 26

 

Share Price as of December 5: $9.31

Playtika Holding Corp. (NASDAQ:PLTK) develops mobile games in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. On November 21, Playtika revealed that it has agreed to make a $25 million minority investment in the recently founded Turkish firm named Ace Games. Ace Games is the maker of Fiona’s Farm, a free-to-play mobile game that is rapidly gaining popularity across the world. 

On November 9, Wedbush analyst Michael Pachter maintained an Outperform rating on Playtika Holding Corp. (NASDAQ:PLTK) stock and lowered the price target to $15 from $20, highlighting that the company had mixed results in the recent quarter, with around half of its business down double-digit percentages and the other half up double digits.

Among the hedge funds being tracked by Insider Monkey, New York-based firm Millennium Management is a leading shareholder in Playtika Holding Corp. (NASDAQ:PLTK) with 7.4 million shares worth more than $69.3 million. 

In contrast to Microsoft Corporation (NASDAQ:MSFT), Sea Limited (NYSE:SE), and NVIDIA Corporation (NASDAQ:NVDA), Playtika Holding Corp. (NASDAQ:PLTK) is one the more affordable gaming stocks to buy now according to elite investors. 

 

Click to continue reading and see 5 Cheap Gaming Stocks to Buy Now.

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Disclosure. None. 10 Cheap Gaming Stocks to Buy Now is originally published on Insider Monkey.

]]> Tue, 06 Dec 2022 16:36:04 +0200 https://api.follow.it/track-rss-story-click/v3/zjPTUnu5s43snDtNR2LeCgp41t9tiERU https://api.follow.it/track-rss-story-click/v3/zjPTUnu5s43snDtNR2LeCsqq6eZJzUh9

In this article, we discuss the 5 cheap gaming stocks to buy now. If you want to read about some more cheap gaming stocks to buy now, go directly to 10 Cheap Gaming Stocks to Buy Now.

5. International Game Technology PLC (NYSE:IGT)

Number of Hedge Fund Holders: 29 

Share Price as of December 5: $25.04 

International Game Technology PLC (NYSE:IGT) operates and provides gaming technology products and services in North America, Europe, the Middle East, Africa, Asia-Pacific, Latin America, and the Caribbean. On October 12, International Game Technology said that its subsidiary, IGT Global Solutions, signed a seven-year extension with Georgia Lottery to deploy its world-class lottery and iLottery products and technology with the firm. The contract expansion will run through September 2032.

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Antara Capital is a leading shareholder in International Game Technology PLC (NYSE:IGT) with 3 million shares worth more than $47.4 million. 

In its Q3 2022 investor letter, Palm Harbour Capital, an asset management firm, highlighted a few stocks and International Game Technology PLC (NYSE:IGT) was one of them. Here is what the fund said:

“The fifth largest detractor was International Game Technology PLC (NYSE:IGT), a world-leading operator of lotteries and gaming machines, which we introduced in our first quarter 2020 letter. The share price decreased by 8.3% losing 36 basis points for the fund. Management tightened full-year guidance to reflect currency movements and reconfirmed the operating income margin as fundamentals remain strong.

IGT also announced a $270 million settlement related to Double Down Interactive which was higher than the $150 million which the company set aside during the second quarter of 2022. Despite foreign exchange headwinds from the weaker euro, we are optimistic that they will continue to deliver and pay higher shareholder remuneration in the coming quarters as we believe the lottery business will remain robust even factoring in a recession.”

]]> Tue, 06 Dec 2022 16:31:20 +0200 https://api.follow.it/track-rss-story-click/v3/zjPTUnu5s43snDtNR2LeCsqq6eZJzUh9 https://api.follow.it/track-rss-story-click/v3/zjPTUnu5s43snDtNR2LeCjErtZyObPkc

In this article, we discuss 10 best performing commodity ETFs in 2022. If you want to see more ETFs in this selection, check out 5 Best Performing Commodity ETFs in 2022. 

As per a new S&P Global Market Intelligence report, dated November 4, commodities prices for core metals will be hit by the macro backdrop facing the global economy through most of 2023. However, these commodities are positioned to survive the market turbulence in the long-term as they are essential for energy transition. Due to the Inflation Reduction Act being passed, the US renewable energy generation capacity is expected to increase by nearly 150GW in the next few years and global demand for electric vehicles will jump approximately 30% yearly through 2026. This means that metals including copper, lithium, cobalt, and nickel will remain highly demanded. 

Global Commodities Outlook 2023

However, the uncertain global economic environment offers a mixed commodities outlook for the year ahead. According to the BMO Capital Markets Commodity Price Index, commodity prices climbed in October after half a year of consistent declines in the wake of Russia’s invasion of Ukraine. Against tighter monetary and fiscal policies, BMO Economics now forecasts global growth to slow from 3.0% in 2022 to 2.3% in 2023, with multiple economies around the world facing at least mild recessions. 

For example, BMO Economics expects higher volatility in the energy space in the near-term, given attempts to cap Russian oil prices. Similarly, agricultural prices are impacted by uncertainty around grain exports from Ukraine and softer demand worldwide. In 2023, BMO predicts that aluminum and lumber prices will also be affected due to residential construction headwinds. 

Brent crude oil is forecasted to average around $100 per barrel in 2023 and peak at $110, while US West Texas Intermediate (WTI) is expected to average $94 per barrel, as per the Bank of America. BofA also announced its latest forecast for US natural gas and noted that supply will exceed demand, pushing prices down to $4.50, while refusing Russian gas will keep liquified natural gas and coal markets tight. 

Brent crude oil prices declined heavily during the third quarter of 2022, with prices in September 2022 averaging 25 percent less than their June highs. The fall in oil prices represents fears about a global recession next year, ongoing pandemic restrictions in China, and meaningful releases from different reserves. However, commodity prices remain high in several countries in domestic currency terms as their currencies have depreciated against the US dollar. 

Developments in coal markets have been largely influenced by rampant natural gas prices, which led many countries to transition from natural gas to coal for power generation. Additionally, the European Union’s decision to ban Russian coal also switched up trade flows, as Europe has shifted to Colombia, South Africa, the United States, and even Australia for coal imports. Food commodity prices dropped in Q3 2022 from their all-time highs in April. The plunge was a result of larger-than-anticipated edible and oilseed global supplies during the current season, the UN agreement that enabled Ukrainian grains to be sold in global markets, and slow global growth prospects. 

In light of the current global commodities landscape, while equities like Exxon Mobil Corporation (NYSE:XOM), The Mosaic Company (NYSE:MOS), and Newmont Corporation (NYSE:NEM) often make it to investor portfolios, many individuals lean towards exchange traded funds that are managed by professionals. This minimizes portfolio risk and allows exposure to multiple asset classes which are otherwise too advanced for a layman to understand, such as futures, swaps, and other derivatives. 

ETF investors have benefited from a rebound in Q4 after the very challenging first three quarters of 2022. ETFs representing the primary asset classes saw positive momentum after the October inflation numbers came in lower than anticipated. ETFs represent 12% of equity assets in the US, 6.8% in Europe, and 3.8% in the Asia Pacific. In the third quarter of 2022, average daily trading volumes for US equities and US ETFs came in at $484 billion and $148.9 billion, respectively. This suggests that US ETFs represented approximately 31% of the total US composite volume in the secondary market over the quarter.

Photo by Francisco Fernandes on Unsplash

Our Methodology 

With this industry outlook in mind, we selected the following commodity ETFs based on positive share price gains year-to-date as of December 6. These exchange traded funds trade in oil, natural gas, agriculture, livestock, and precious metals futures. 

Best Performing Commodity ETFs in 2022

10. Invesco DB Oil Fund (NYSE:DBO)

YTD Share Price Gain as of December 6: 10.48%

Invesco DB Oil Fund (NYSE:DBO) tracks the performance and investment results of DBIQ Optimum Yield Crude Oil Index, a benchmark comprising crude oil futures contracts. The fund optimizes its contract selection based on the shape of the futures curve to minimize contango, which is a scenario where the futures price of a commodity is greater than the spot price. The fund and the index are rebalanced yearly in November. Invesco DB Oil Fund (NYSE:DBO) offers an expense ratio of 0.77% and it is one of the best performing ETFs to monitor. 

In addition to investing in equities like Exxon Mobil Corporation (NYSE:XOM), The Mosaic Company (NYSE:MOS), and Newmont Corporation (NYSE:NEM) for exposure to commodities, smart investors often pick up shares in ETFs which are positioned to deliver gains. 

9. First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC)

YTD Share Price Gain as of December 6: 12.55%

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) was established on October 22, 2013. First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) is an actively managed exchange traded fund that seeks total return and a comparatively stable risk profile while offering commodity exposure to investors. The ETF follows the investment results of the Bloomberg Commodity Index. Offering an expense ratio of 0.95%, the fund has net assets of approximately $4 billion. As of December 2, Agricultural, Energy, Industrial Metals, Precious Metals, and Livestock futures represent First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC)’s portfolio composition. The ETF offers a 30-day SEC Yield of 0.78% as of October 31. With shares up over 12% year-to-date on December 6, it is one of the best performing ETFs of 2022. 

8. abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (NYSE:BCD)

YTD Share Price Gain as of December 6: 15.83%

abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (NYSE:BCD) seeks to offer investment results that closely track the performance of the Bloomberg Commodity Index 3 Month Forward Total ReturnSM. The fund was launched on March 30, 2017 and offers annual dividend distributions. abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (NYSE:BCD) primarily invests in gold, natural gas, WTI crude, corn, soybean, copper, silver, live cattle, and wheat futures. The total expense ratio came in at 0.35%. With a year-to-date share price gain of nearly 16% as of December 6, abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (NYSE:BCD) is one of the best performing ETFs in 2022. 

7. Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC)

YTD Share Price Gain as of December 6: 16.86%

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) is an actively managed exchange traded fund that seeks to invest in commodity-linked futures and other financial instruments that offer exposure to the most heavily traded commodities. The benchmark index for Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) is DBIQ Optimum Yield Diversified Commodity Index Excess Return, an index consisting of futures contracts on 14 commodities across the energy, precious metals, industrial metals, and agriculture sectors. The ETF was established in 2014 and offers an expense ratio of 0.64%. 

6. Invesco DB Commodity Index Tracking Fund (NYSE:DBC)

YTD Share Price Gain as of December 6: 17.16%

Invesco DB Commodity Index Tracking Fund (NYSE:DBC) seeks to closely correspond to the investment results of the DBIQ Optimum Yield Diversified Commodity Index Excess Return. The ETF is a feasible investment for those who want a cost-efficient method of investing in commodity futures. The underlying benchmark is a rules-based index consisting of futures contracts on 14 of the most widely traded and significant physical commodities in the world. 

Invesco DB Commodity Index Tracking Fund (NYSE:DBC) was established in 2006, and it offers a total expense ratio of 0.87%. The year-to-date share price gains of over 17% as of December 6 make Invesco DB Commodity Index Tracking Fund (NYSE:DBC) one of the best performing ETFs of 2022. 

Like Exxon Mobil Corporation (NYSE:XOM), The Mosaic Company (NYSE:MOS), and Newmont Corporation (NYSE:NEM), Invesco DB Commodity Index Tracking Fund (NYSE:DBC) is one of the options for investors who are looking for exposure to the commodities sector.

 

 

Click to continue reading and see 5 Best Performing Commodity ETFs in 2022. 

 

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Disclosure: None. 10 Best Performing Commodity ETFs in 2022 is originally published on Insider Monkey.

]]> Tue, 06 Dec 2022 16:26:26 +0200 https://api.follow.it/track-rss-story-click/v3/zjPTUnu5s43snDtNR2LeCjErtZyObPkc https://api.follow.it/track-rss-story-click/v3/zjPTUnu5s410gIBpnwqy31hGNgNo2_0q

In this article, we discuss 5 best performing commodity ETFs in 2022. If you want to see more ETFs in this selection, check out 10 Best Performing Commodity ETFs in 2022. 

5. iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT)

YTD Share Price Gain as of December 6: 17.55% 

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) seeks to track the investment results of S&P GSCI Dynamic Roll (USD) Total Return Index, which is an index consisting of a wide range of commodity exposures with enhanced roll selection on a total return basis. The ETF follows a rules-based futures strategy meant to control costs associated with futures investing. The fund was established on October 15, 2014 and the net assets as of December 5 came in at $2.25 billion. The fund offers an expense ratio of 0.48% and distributes dividends annually. iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) invests primarily in money markets, as well as energy and agriculture futures. 

]]> Tue, 06 Dec 2022 16:24:07 +0200 https://api.follow.it/track-rss-story-click/v3/zjPTUnu5s410gIBpnwqy31hGNgNo2_0q https://api.follow.it/track-rss-story-click/v3/zjPTUnu5s40mQimPAY_owWhamfNIiY2W

Ariel Investments, an investment management company, released its “Ariel Small-Cap Value Concentrated Fund” third-quarter investor letter. A copy of the same can be downloaded here. In the third quarter, the fund declined by -7.34% gross of fees, underperforming the Russell 2000 Value Index, which returned -4.61%, and the Russell 2000 Index, which returned -2.19%. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

Ariel Investment highlighted stocks like Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) in the Q3 2022 investor letter. Based in Miami, Florida, Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) is a cruise company. On December 2, 2022, Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) stock closed at $16.54 per share. One-month return of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) was -0.36%, and its shares lost 17.57% of their value over the last 52 weeks. Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) has a market capitalization of $6.97 billion.

Ariel Investment made the following comment about Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) in its Q3 2022 investor letter:

“Cruise ship operator Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) also aided relative performance in the period. Onboard spending has been stronger than management expectations and forward booking commentary remains encouraging with both trends and pricing for 2023 ahead of pre-pandemic levels. Though questions persist around the macro backdrop, NCLH has an experienced executive management team at its helm, a young average fleet and solid liquidity position. Over the longterm, we believe the current headwinds travel and leisure are experiencing will soften and expect NCLH’s fundamentals will prove resilient in the face of adversity. At today’s valuation, NCLH is currently trading at a -70% discount to our estimate of private market value.”

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 38 hedge fund portfolios held Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) at the end of the third quarter, which was 28 in the previous quarter.

We discussed Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) in another article and shared the list of stocks receiving price-target hikes from analysts. In addition, please check out our hedge fund investor letters Q3 2022 page for more investor letters from hedge funds and other leading investors.

 

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Disclosure: None. This article is originally published at Insider Monkey.

]]> Tue, 06 Dec 2022 15:07:18 +0200 https://api.follow.it/track-rss-story-click/v3/zjPTUnu5s40mQimPAY_owWhamfNIiY2W https://api.follow.it/track-rss-story-click/v3/zjPTUnu5s40mQimPAY_owQX50KYzL9tX

Ariel Investments, an investment management company, released its “Ariel Small-Cap Value Concentrated Fund” third-quarter investor letter. A copy of the same can be downloaded here. In the third quarter, the fund declined by -7.34% gross of fees, underperforming the Russell 2000 Value Index, which returned -4.61%, and the Russell 2000 Index, which returned -2.19%. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

Ariel Investment highlighted stocks like The Brink’s Company (NYSE:BCO) in the Q3 2022 investor letter. Headquartered in Richmond, Virginia, The Brink’s Company (NYSE:BCO) offers security-related services like secure transportation and cash management. On December 2, 2022, The Brink’s Company (NYSE:BCO) stock closed at $59.29 per share. One-month return of The Brink’s Company (NYSE:BCO) was -1.29%, and its shares lost 6.25% of their value over the last 52 weeks. The Brink’s Company (NYSE:BCO) has a market capitalization of $2.754 billion.

Ariel Investment made the following comment about The Brink’s Company (NYSE:BCO) in its Q3 2022 investor letter:

“Alternatively, logistics and cash management services provider The Brink’s Company (NYSE:BCO) declined over the period. We believe this price action runs counter to the company’s improving long term fundamental outlook. Despite global economic uncertainty and translation headwinds from a strengthening dollar, BCO continues to experience a recovery in revenues post-pandemic with operating profit benefitting from strong operational execution and margin expansion. Management also provided guidance for robust free cash flow generation and additional debt repayment. We believe BCO’s results demonstrate underappreciated resiliency amidst today’s macroeconomic uncertainty, while longer term, the company’s growth and productivity initiatives make this an attractive opportunity.”

Phovoir/Shutterstock.com

The Brink’s Company (NYSE:BCO) is not on our list of 30 Most Popular Stocks Among Hedge Funds. Per our database, 19 hedge fund portfolios held The Brink’s Company (NYSE:BCO) at the end of the third quarter, which was 20 in the previous quarter.

We discussed The Brink’s Company (NYSE:BCO) in another article and shared the best growth stocks to buy according to Marc Majzner’s Clearline Capital. In addition, please check out our hedge fund investor letters Q3 2022 page for more investor letters from hedge funds and other leading investors.

 

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Disclosure: None. This article is originally published at Insider Monkey.

]]> Tue, 06 Dec 2022 15:07:08 +0200 https://api.follow.it/track-rss-story-click/v3/zjPTUnu5s40mQimPAY_owQX50KYzL9tX https://api.follow.it/track-rss-story-click/v3/zjPTUnu5s40mQimPAY_owZNaYRWadcX6

Ariel Investments, an investment management company, released its “Ariel Small-Cap Value Concentrated Fund” third-quarter investor letter. A copy of the same can be downloaded here. In the third quarter, the fund declined by -7.34% gross of fees, underperforming the Russell 2000 Value Index, which returned -4.61%, and the Russell 2000 Index, which returned -2.19%. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

Ariel Investment highlighted stocks like OneSpaWorld Holdings Limited (NASDAQ:OSW) in the Q3 2022 investor letter. Headquartered in Nassau, Bahamas, OneSpaWorld Holdings Limited (NASDAQ:OSW) is a global wellness and health center operator at destination resorts and on cruise ships. On December 2, 2022, OneSpaWorld Holdings Limited (NASDAQ:OSW) stock closed at $10.20 per share. One-month return of OneSpaWorld Holdings Limited (NASDAQ:OSW) was 3.40%, and its shares gained 2.23% of their value over the last 52 weeks. OneSpaWorld Holdings Limited (NASDAQ:OSW) has a market capitalization of $943.25 million.

Ariel Investment made the following comment about OneSpaWorld Holdings Limited (NASDAQ:OSW) in its Q3 2022 investor letter:

“Wellness provider onboard cruise ships and destination resorts, OneSpaWorld Holdings Limited (NASDAQ:OSW) was the top contributor in the quarter. Strong earnings results, highlighted by a top and bottom-line beat, as well as the delivery of positive free cash flow for the first time since the pandemic began drove share price appreciation. Looking ahead, we expect OSW’s spa services to continue to be met with high demand and spend levels, particularly as onboard occupancy increases over time. With adequate liquidity and shares trading at a -44% discount to our estimate of private market value, we see the risk/reward skewed sharply to the upside.”

OneSpaWorld Holdings Limited (NASDAQ:OSW) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 11 hedge fund portfolios held OneSpaWorld Holdings Limited (NASDAQ:OSW) at the end of the third quarter, which was 8 in the previous quarter.

We discussed OneSpaWorld Holdings Limited (NASDAQ:OSW) in another article and shared best cruise stocks to invest in. In addition, please check out our hedge fund investor letters Q3 2022 page for more investor letters from hedge funds and other leading investors.

 

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Disclosure: None. This article is originally published at Insider Monkey.

]]> Tue, 06 Dec 2022 15:06:26 +0200 https://api.follow.it/track-rss-story-click/v3/zjPTUnu5s40mQimPAY_owZNaYRWadcX6 https://api.follow.it/track-rss-story-click/v3/zjPTUnu5s40mQimPAY_owYIAmcWJ0TmB

Ariel Investments, an investment management company, released its “Ariel Small/Mid Cap Value Fund” third-quarter investor letter. A copy of the same can be downloaded here. In the third quarter, the fund fell -7.16% gross of fees, underperforming the Russell 2500 Value Index, which returned -4.50 %, and the Russell 2500 Index, which returned -2.82%. All the major indices closed at a loss in the quarter. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

Ariel Investment highlighted stocks like Royal Caribbean Cruises Ltd. (NYSE:RCL) in the Q3 2022 investor letter. Headquartered in Miami, Florida, Royal Caribbean Cruises Ltd. (NYSE:RCL) is a cruise company that operates worldwide. On December 2, 2022, Royal Caribbean Cruises Ltd. (NYSE:RCL) stock closed at $60.51 per share. One-month return of Royal Caribbean Cruises Ltd. (NYSE:RCL) was 16.62%, and its shares lost 16.36% of their value over the last 52 weeks. Royal Caribbean Cruises Ltd. (NYSE:RCL) has a market capitalization of $15.441 billion.

Ariel Investment made the following comment about Royal Caribbean Cruises Ltd. (NYSE:RCL) in its Q3 2022 investor letter:

“Global cruise vacation company Royal Caribbean Cruises Ltd. (NYSE:RCL) also aided relative performance in the quarter. With the entire fleet returning to service in June, RCL delivered positive EBITDA and operating cash flow for the first time since the pandemic began. Forward booking commentary is also encouraging with both trends and pricing for 2023 ahead of 2019 levels. Though questions persist around the macro backdrop, RCL has an experienced executive management team with operational expertise at its helm, as well as a healthy liquidity position. Over the long term, we believe the headwinds travel and leisure are experiencing will soften and expect RCL’s fundamentals will prove resilient in the face of adversity. At today’s valuation, RCL is currently trading at a nearly -60% discount to our estimate of private market value.”

Rawpixel/Shutterstock.com

Royal Caribbean Cruises Ltd. (NYSE:RCL) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 42 hedge fund portfolios held Royal Caribbean Cruises Ltd. (NYSE:RCL) at the end of the third quarter, which was 28 in the previous quarter.

We discussed Royal Caribbean Cruises Ltd. (NYSE:RCL) in another article and shared the top stock picks of billionaire Cliff Asness. In addition, please check out our hedge fund investor letters Q3 2022 page for more investor letters from hedge funds and other leading investors.

 

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Disclosure: None. This article is originally published at Insider Monkey.

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