Q: The stock market seems to be reaching new record highs every day. Are there any stocks that still look cheap?
Corporate earnings have exhibited pretty impressive growth as a whole over the past few years, so the market’s performance is somewhat justified. However, many stocks do look to be rather expensive right now — particularly in the tech sector. Yet some bargains remain.
One of my favorite “cheap” stocks right now is AT&T (NYSE: T), even after shares popped following the company’s strong quarterly report. The telecom giant pays a dividend yielding more than 5% and is a Dividend Aristocrat, meaning that it has increased its dividend for more than 25 consecutive years.
Despite a low price-to-earnings multiple of just 13 times 2017’s expected earnings, AT&T has lots of room to grow, especially thanks to its purchase of DIRECTV and its pending acquisition of Time Warner, both of which should give it an advantage over the competition when it comes to bundling services and broadcasting content directly to smartphones and tablets.
Hot Low Price Stocks To Buy Right Now: Infinera Corporation(INFN)
- [By Anders Bylund]
Shares of Infinera (NASDAQ:INFN) closed 10.2% lower on Thursday. The maker of telecom-grade systems for optical networking is preparing to take on a substantial amount of new debt.
- [By Anders Bylund]
Shares of several fiber-optic networking stocks rose at least 12% in February, according to data from S&P Global Market Intelligence. Fiber lasers manufacturer IPG Photonics (NASDAQ:IPGP) led the pack with a 16.6% gain. Long-haul networking expert Infinera (NASDAQ:INFN) added 16.1%, laser and optics specialist Coherent (NASDAQ:COHR) rose 12.6%, and optoelectronic components maker II-VI (NASDAQ:IIVI) posted an 11.9% return.
- [By Brian Feroldi]
Infinera (NASDAQ:INFN) reported its first-quarter results on Wednesday, May 9. Management at the optical equipment provider told investors last quarter that revenue and margins were starting to rebound nicely from their 2017 lows. But did the company keep its momentum up in the first-quarter? Let’s dig into the numbers to find out.
- [By Logan Wallace]
BidaskClub upgraded shares of Infinera (NASDAQ:INFN) from a hold rating to a buy rating in a report issued on Thursday.
A number of other analysts have also weighed in on INFN. Morgan Stanley reaffirmed an equal weight rating and set a $9.50 target price (up previously from $8.00) on shares of Infinera in a report on Friday, March 9th. Citigroup reaffirmed a hold rating and set a $12.00 target price (up previously from $8.50) on shares of Infinera in a report on Friday, March 9th. ValuEngine raised shares of Infinera from a sell rating to a hold rating in a report on Tuesday, March 13th. Northland Securities lowered shares of Infinera from an outperform rating to a market perform rating in a report on Monday, March 19th. Finally, Drexel Hamilton reaffirmed a buy rating and set a $13.00 target price on shares of Infinera in a report on Wednesday, March 21st. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $11.35.
- [By Benzinga News Desk]
Maybe AT&T’s (NYSE: T) $85 billion merger with Time Warner (NYSE: TWX) is in trouble, after all: Link
USA S&P/CS HPI Composite – 20 n.s.a. (YoY) for Mar 6.80% vs 6.40% Est; Prior 6.80%
The Conference Board’s consumer confidence index for May will be released at 10:00 a.m. ET.
The Dallas Fed manufacturing index for May is schedule for release at 10:30 a.m. ET.
The Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET.
The Treasury will auction 4-week bills at 1:00 p.m. ET.
Morgan Stanley upgrades Roku (NASDAQ: ROKU) from Underweight to Equal-Weight
KBW upgrades Federated Investors (NYSE: FII) from Underperform to Market Perform
HSBC downgrades Novartis (NYSE: NVS) from Buy to Hold
Jefferies downgrades Infinera (NASDAQ: INFN) from Hold to Underperform
This is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five minutes. To get the full version of this note every morning, click here.
- [By Leo Sun]
Shares of Infinera (NASDAQ:INFN) rallied more than 20% over the past month as investors seemingly warmed up to the beaten-down fiber optic systems maker. Yet the rally wasn’t sparked by any positive news, so it might just be a “dead cat bounce” for a stock that remains 60% below its 52-week high. Let’s dig deeper to see if this rally has any staying power.
Hot Low Price Stocks To Buy Right Now: AxoGen, Inc.(AXGN)
- [By Lee Jackson]
Jefferies started coverage on this biotech/medical technology company with a Buy rating late last year. AxoGen Inc. (NASDAQ: AXGN) offers surgical solutions for peripheral nerve injuries. It provides products and education to improve surgical treatment algorithms for peripheral nerve injuries. Its portfolio of products includes Avance Nerve Graft, AxoGuard Nerve Connector, AxoGuard Nerve Protector and Avive Soft Tissue Membrane.
- [By Max Byerly]
AxoGen, Inc Common Stock (NASDAQ:AXGN) – Investment analysts at Leerink Swann raised their FY2019 EPS estimates for shares of AxoGen, Inc Common Stock in a research report issued to clients and investors on Tuesday, August 21st. Leerink Swann analyst R. Newitter now forecasts that the medical equipment provider will earn ($0.39) per share for the year, up from their prior forecast of ($0.41). Leerink Swann currently has a “Outperform” rating and a $70.00 target price on the stock.
- [By Joseph Griffin]
AxoGen (NASDAQ:AXGN) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.
- [By Joseph Griffin]
State Board of Administration of Florida Retirement System boosted its holdings in AxoGen, Inc Common Stock (NASDAQ:AXGN) by 17.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,103 shares of the medical equipment provider’s stock after buying an additional 3,490 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.06% of AxoGen, Inc Common Stock worth $1,161,000 at the end of the most recent quarter.
- [By Ethan Ryder]
Swiss National Bank lifted its stake in AxoGen, Inc Common Stock (NASDAQ:AXGN) by 5.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,200 shares of the medical equipment provider’s stock after purchasing an additional 2,800 shares during the period. Swiss National Bank owned about 0.14% of AxoGen, Inc Common Stock worth $2,623,000 at the end of the most recent quarter.
Hot Low Price Stocks To Buy Right Now: Entree Gold Inc(EGI)
- [By Ethan Ryder]
Get a free copy of the Zacks research report on Entree Resources (EGI)
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