Buy and hold Apple’s stock forever. Take a second and ask yourself a very simple question: If the legend that is Warren Buffett wants to hold Apple (AAPL) shares forever, shouldn’t you do the same? The Oracle of Omaha has scooped up an eye-popping 75 million more shares of Apple, according to CNBC. Buffett now owns about 240 million shares of the tech king.
News of Buffett’s big buy, amid worries on Wall Street over iPhone demand, comes ahead of Berkshire Hathaway’s (BRK.A) annual shareholder meeting on Saturday, May 5. To be sure, Buffett appears to be loving Action Alerts PLUS holding Apple’s mix of recurring service revenue, cheap valuation (the stock is stupid cheap) and increasing generosity with its capital return plans. Just this week, Apple silenced the growing number of bears with a solid earnings beat and a shiny new $100 billion stock buyback plan. Berkshire, the billionaire’s holding conglomerate, revealed in February that it hiked its stake in Apple by a whopping 23% to 165.3 million shares during the fourth quarter.
Top Cheap Stocks To Own Right Now: Kohl’s Corporation(KSS)
- [By Benzinga News Desk]
Billionaire hedge funder Dan Loeb is seeing more opportunities to bet against the market this year: Link
USA Import Price Index (MoM) for Apr 0.30% vs 0.50% Est; Prior 0.30%
The University of Michigan's consumer sentiment index for May is schedule for release at 10:00 a.m. ET.
The Baker Hughes North American rig count report for the latest week will be released at 1:00 p.m. ET.
JPMorgan upgraded Verizon (NYSE: VZ) from Neutral to Overweight
Stifel upgraded Kimbell Royalty Partners (NYSE: KRP) from Hold to Buy
Credit Suisse downgraded Kohl's (NYSE: KSS) from Outperform to Neutral
BTIG downgraded Symantec (NASDAQ: SYMC) from Buy to Neutral
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 Jeremy Bowman]
Shares of Kohl’s (NYSE:KSS) were heading lower today as a warning from the department store chain about slowing sales growth in the second half overshadowed a strong first-quarter report. In fact, that response seemed to mirror the investor reaction to its fourth-quarter report. As of 2:51 p.m. EDT, the stock was trading down 6.4%.
- [By Shane Hupp]
Wall Street brokerages expect Kohl’s (NYSE:KSS) to post earnings per share (EPS) of $0.49 for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Kohl’s’ earnings. The lowest EPS estimate is $0.39 and the highest is $0.63. Kohl’s posted earnings of $0.39 per share in the same quarter last year, which would suggest a positive year over year growth rate of 25.6%. The company is expected to report its next earnings report before the market opens on Tuesday, May 22nd.
- [By Adam Levine-Weinberg]
Amazon stock slumped following the announcement, as investors worried about rising costs. Shares of other retailers were hit even harder, due to fears that Amazon’s move will force them to raise employees’ wages significantly. Top department store chains Macy’s (NYSE:M) and Kohl’s (NYSE:KSS) were particularly hard-hit. Yet investors have probably overreacted to this news. As a result, Kohl’s stock and (especially) Macy’s stock look cheap right now.
- [By Chris Lange]
Kohl’s Corp. (NYSE: KSS) will share its latest quarterly results on Tuesday. The consensus estimates call for $1.64 in earnings per share (EPS) and $4.26 billion in revenue. Shares ended last week trading at $76.44, in a 52-week range of $36.50 to $79.92. The consensus analyst target is just $76.35.
- [By Shane Hupp]
Kohl’s (NYSE:KSS)‘s stock had its “buy” rating restated by investment analysts at Guggenheim in a note issued to investors on Tuesday. They presently have a $85.00 price objective on the stock. Guggenheim’s price target suggests a potential upside of 7.54% from the company’s current price.
Top Cheap Stocks To Own Right Now: Express-1 Expedited Solutions Inc.(XPO)
- [By Neha Chamaria]
Right now, I believe Mastercard (NYSE:MA), Brookfield Renewable Partners (NYSE:BEP), and XPO Logistics (NYSE:XPO) fall right into place, because each stock has been a multibagger and has strong tailwinds behind it.
- [By Motley Fool Staff]
After enjoying rapid price appreciation over the past five years, XPO Logistics (NYSE:XPO) shares have fallen back to earth in recent months. What was behind this slide in share price?
- [By Steve Symington, Travis Hoium, and Neha Chamaria]
We asked three top Motley Fool investors exactly that. Read on to learn why they think iQiyi (NASDAQ:IQ), XPO Logistics (NYSE:XPO), and Enphase (NASDAQ:ENPH) fit the bill.
- [By Motley Fool Staff]
XPO Logistics (NYSE:XPO) is one of the largest providers of trucking and logistics services in the world. In particular, the company has expanded its trucking strategy to provide less-than-truckload transportation services to its customers.
Top Cheap Stocks To Own Right Now: Wendy’s/Arby’s Group Inc.(WEN)
- [By Logan Wallace]
Wendy’s (NASDAQ:WEN) major shareholder Edward P. Garden sold 764,000 shares of the business’s stock in a transaction dated Tuesday, May 15th. The stock was sold at an average price of $16.53, for a total value of $12,628,920.00. Following the completion of the sale, the insider now directly owns 240,365 shares of the company’s stock, valued at approximately $3,973,233.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
- [By Shane Hupp]
Wedbush reissued their hold rating on shares of Wendys (NASDAQ:WEN) in a research report report published on Monday. Wedbush currently has a $17.50 target price on the restaurant operator’s stock.
- [By Max Byerly]
Equities researchers at KeyCorp began coverage on shares of Wendys (NASDAQ:WEN) in a report released on Wednesday, The Fly reports. The brokerage set a “sector weight” rating on the restaurant operator’s stock.
- [By ]
In the Lightning Round, Cramer was bullish on Spirit AeroSystems (SPR) , Take-Two Interactive (TTWO) , Dunkin Brands (DNKN) and Wendy’s (WEN) .
Cramer was bearish on Bristol-Myers Squibb (BMY) and Univar (UNVR) .
- [By Lisa Levin]
Companies Reporting After The Bell
Marriott International, Inc. (NASDAQ: MAR) is projected to post quarterly earnings at $1.22 per share on revenue of $5.72 billion.
Electronic Arts Inc. (NASDAQ: EA) is estimated to post quarterly earnings at $1.04 per share on revenue of $5.68 billion.
The Walt Disney Company (NYSE: DIS) is projected to post quarterly earnings at $1.68 per share on revenue of $14.05 billion.
Papa John's International, Inc. (NASDAQ: PZZA) is expected to post quarterly earnings at $0.62 per share on revenue of $441.73 million.
Jazz Pharmaceuticals plc (NASDAQ: JAZZ) is projected to post quarterly earnings at $2.77 per share on revenue of $434.87 million.
Sun Life Financial Inc. (NYSE: SLF) is estimated to post quarterly earnings at $0.89 per share on revenue of $6.38 billion.
LATAM Airlines Group S.A. (NYSE: LTM) is expected to post quarterly earnings at $0.16 per share on revenue of $2.70 billion.
Liberty Global plc (NASDAQ: LBTYA) is projected to post quarterly earnings at $0.02 per share on revenue of $4.05 billion.
TripAdvisor, Inc. (NASDAQ: TRIP) is expected to post quarterly earnings at $0.16 per share on revenue of $362.11 million.
The Wendy's Company (NASDAQ: WEN) is projected to post quarterly earnings at $0.1 per share on revenue of $379.98 million.
A-Mark Precious Metals, Inc. (NASDAQ: AMRK) is expected to post quarterly earnings at $0.06 per share on revenue of $1.69 billion.
Monster Beverage Corporation (NASDAQ: MNST) is estimated to post quarterly earnings at $0.4 per share on revenue of $849.38 million.
Convergys Corporation (NYSE: CVG) is expected to post quarterly earnings at $0.4 per share on revenue of $670.10 million.
ScanSource, Inc. (NASDAQ: SCSC) is projected to post quarterly earnings at $0.7 per share on revenue of $875.91 million.
KAR Auction Services, Inc. (NYSE: KAR) is expected to post quarterly earnings at $0.76 per share on revenue of $923.13
Top Cheap Stocks To Own Right Now: S&P GSCI(GD)
- [By ]
In addition to increasing the dividend, Action Alerts PLUS holding Raytheon announced in late March that under the Department of Defense’s DARPA program, it was developing technology that could control swarms of both air-based, and ground-based drone vehicles that might be launched using a “drag and drop” visual interface. My price target: $245.
General Dynamics (GD)
This is one firm where we have already seen cash flows and margins improving. GD is also another defense name that increased their dividend in March. Think the Navy gets some love in the 2018 federal budget that earmarked $654 billion for the Pentagon? Me too. Know who runs the Virginia class submarine program? General Dynamics. In fact, the Navy just awarded a $696 million modification to that program for 2019.
- [By Stephan Byrd]
Summit Financial Group Inc. lowered its position in General Dynamics Co. (NYSE:GD) by 26.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,470 shares of the aerospace company’s stock after selling 2,000 shares during the quarter. Summit Financial Group Inc.’s holdings in General Dynamics were worth $1,020,000 as of its most recent SEC filing.
- [By Lou Whiteman]
It could also slow down efforts led by Raytheon (NYSE:RTN) and Lockheed Martin to modernize missile defense and stunt work being done at Northrop Grumman (NYSE:NOC), Boeing (NYSE:BA), General Dynamics (NYSE:GD), and others to modernize the U.S. nuclear triad.
- [By Lee Jackson]
This company, like other major defense prime contractors, had a very solid year and is also on the Merrill Lynch US 1 list. General Dynamics Corp. (NYSE: GD) is engaged in business aviation, land and expeditionary combat vehicles and systems, armaments, munitions, shipbuilding and marine systems, and information systems and technologies.