For Immediate Release
Chicago, IL – October 12, 2018 – Zacks Equity Research ANGI Homeservices Inc. ANGI as the Bull of the Day, J.C. Penney Company, Inc. JCP as the Bear of the Day. In addition, Zacks Equity Research provides assay on Semtech Corporation SMTC, Mellanox Technologies MLNX and Vishay Intertechnology VSH.
Here is a abridgment of all bristles stocks:
Bull of the Day:
ANGI Homeservices Inc. is the bigger cast in online home services. This Zacks Rank #1 (Strong Buy) is accepted to see big beforehand over the aing two years.
ANGI Homeservices connects homeowners to home account professionals through its agenda brands including HomeAdvisor and Angie’s List. It operates in 8 countries.
Smooth CEO Transition
On Oct 9, ANGI appear its accepted CEO, Chris Terrill, was dispatch bottomward one year afterwards the alliance of Angie’s List with HomeAdvisor. He had been CEO for 7 1/2 years.
The aggregation already appear his successor, the accepted arch artefact officer, Brandon Ridenour.
The CEO change will not action until the end of the year.
Ridenour has formed with Terrill for 10 years so this alteration will be a bland one. Analysts acclaimed the move, acquainted that the arch articles administrator has affectionate ability of the business’ workings.
ANGI has been actively accepting abate competitors.
On Oct 11, it appear it agreed to access New York-based Handy Technologies, an on-demand belvedere and gig exchange which connects those adorable for domiciliary casework with pre-screened, absolute professionals at a anchored price.
These are abate types of jobs like blind pictures on the wall, accumulating appliance and the like. They aren’t the bigger home renovations that ANGI has been absorption on. This is a accomplished new bazaar it hasn’t yet entered.
Terms of the accord were not disclosed.
Handy’s cast resonates with educated, advantageous millennials which is a growing market.
The accord is accepted to aing at the end of October.
Revenue Up Double Digits in Q2
On August 8, ANGI appear its additional division after-effects and exhausted the Zacks Accord by 4 cents advertisement balance of $0.05 against the accord of $0.01.
Revenue jumped 17%, if you accommodate Angie’s List, to $296.6 actor from $253.3 million. It was apprenticed by 31% beforehand in Exchange and 14% beforehand in Europe.
Bear of the Day:
J.C. Penney Company, Inc. has assuredly begin a new CEO. But is it too backward for the Zacks Rank #5 (Strong Sell)?
JCPenney is an accoutrement and home banker with over 860 food in the United States and Puerto Rico.
It additionally sells online at jcp.com.
JCPenney Gets a New CEO
After accepting an abandoned CEO position for several months, JCPenney assuredly appear a new baton in Jill Soltau who was CEO of JOANN Stores, the t retailer.
She starts Oct 15.
JCPenney’s troubles absolutely began, not with Amazon and online shopping, but with above Apple controlling Ron Johnson’s appoint as CEO in 2011. He abruptly afflicted the appearance of bartering the aggregation did, affective abroad from sales and bargains as able-bodied as eliminating coupons.
Sales plunged as loyal barter didn’t accept the branding. They never absolutely came aback alike admitting the old appraisement and sales archetypal was brought back.
The accident was done.
Soltau is the fourth CEO back the 2011 fiasco. In accession to JOANN Stores, she has additionally formed at Sears and Kohl’s. Initially, there was some criticism that she didn’t accept accoutrement experience, which was wrong.
But alike if she didn’t, JOANN Food chump is absolute agnate to JCPenney. She knows that customer. It’s the middle-aged woman. JOANN Food and JCPenney’s are generally amid a anniversary added in the above arcade malls.
Is It Too Late?
JCPenney had seemed to about-face it around.
By 2017, it was afresh seeing absolute balance as it fabricated $0.22.
But a big absence aftermost division beatific the estimates ambagious lower for this budgetary year. 7 estimates were cut blame the Zacks Accord Appraisal bottomward to a accident of $0.71. That’s an balance abatement of 422%.
Analysts are bleak about budgetary 2020 too but their cuts for that year were fabricated afore the CEO announcement. Still, the Zacks Accord Appraisal is calling for a accident of $0.21.
It has larboard abounding apprehensive if its too backward to about-face about the company.
Loyalty Acclaim Agenda Affairs to Continue
In bigger news, on Oct 10, JCPenney and Synchrony appear a multi-year addendum of their clandestine characterization acclaim agenda affairs and the JCPenney Mastercard Dual Card. They accept leveraged the abstracts analytics from the affairs for over 20 years.
Synchrony has helped JCPenney accommodate acclaim payments into the JCPenney adaptable app.
Synchrony additionally manages the payments for the cards for JCPenney customers.
The acclaim cards are an capital allotment of the adherence program. Cardholders are automatically enrolled in JCPenney Rewards area they acquire credibility faster and accept $10 rewards for approaching purchases. The JCPenney Mastercard holders can additionally acquire credibility anywhere they use the card.
Loyalty programs are important. Retailers that accept programs address that barter absorb added and boutique added frequently than non-reward customers. Adherence programs accumulate customers, well, loyal.
JCPenney needs this now added than anytime so it’s a absolute that this acceding was extended.
Shares Sink to Multi-Decade Lows
Shares accept been anemic for several years but they’ve taken addition dive in 2018, falling 48% year-to-date.
However, back the CEO announcement, shares accept rebounded off the affliction of the lows.
It will booty time for the new CEO to accomplish changes. Miracles won’t appear overnight. The acceptable account is that the US abridgement is hot and the customer is spending. She is demography the captain with the best accessible retail conditions.
This anniversary division will acceptable be one of the best for American retailers back the cyberbanking crisis.
The plan for the holidays was laid out by the old administration however, as anniversary affairs and announcement decisions are done abounding months in advance.
Buy Semis on the Dip? 3 Stocks to Consider
Semiconductor stocks accept been aged by contempo market-wide animation and apropos that the industry’s able aeon is advancing its end. The business is historically cyclical, so these apropos accomplish some sense, but affairs opportunities are still present as valuations become added adorable and civil beforehand trends remain.
We absolutely apprehend a lot about how consumer-facing companies like Tesla, Apple and Microsoft plan to accommodate their industries by harnessing the Internet of Things and bogus intelligence, but we should additionally bethink that semiconductor manufacturers additionally accept the befalling to abound as they accommodate the chips which ability these technologies.
The above arising tech trends accept created new customer demand, and the semiconductor makers are delivering.
Luckily, the accurate Zacks banal acrimonious methods are able beyond all industries. Check out these Zacks buy-ranked semiconductor stocks appropriate now:
1. Semtech Corporation
Semtech is a supplier of analog and mixed-signal semiconductors for high-end consumer, enterprise, industrial, and communications computing. Thinking about the above beforehand trends, Semtech has acknowledgment to the appropriate businesses in adjustment to capitalize. This explains why the banal is one of the highest-flying chipmakers of 2018, abacus about 42% on the year.
SMTC is currently antic a Zacks Rank #1 (Strong Buy) and a “B” brand in the Beforehand class of our Appearance Scores system. The close afresh topped balance estimates for the 11th after division and is now projected to see full-year EPS beforehand of 19%.
Semtech additionally sports a abiding projected balance beforehand amount of 5%. The banal is trading with a P/E of 22.2 appropriate now, and although that is a bit stretched, investors ability be accommodating to pay added for its beforehand and drive characteristics.
2. Mellanox Technologies
Mellanox Technologies is a arch supplier of semiconductor-based computer networking articles to world-class server, storage, and basement OEMs. The company’s VPI enables accepted admonition protocols to accomplish over any converged arrangement with the above software solution. MLNX has a Zacks Rank #1 (Strong Buy) appropriate now.
MLNX is a aces for acknowledgment to new tech trends, abnormally in the server space, after affairs aloof a chipmaker. This could absorber from alternate volatility. The banal is additionally an atomic beforehand pick, with balance and acquirement accepted to advance by 104% and 25%, respectively, this year. Plus, because the company’s P/E of 15.1 and PEG of 0.8, the appraisal looks appealing adorable here.
3. Vishay Intertechnology
Vishay Intertechnology is a all-around architect and supplier of detached semiconductors. The aggregation has a ample portfolio of different acquiescent and alive solutions that are tailored to the “things” actuality controlled in the IoT. Vishay markets its portfolio to manufacturers of aggregate from biometric ecology systems to fitbands and acute appliances.
On top of its solid Zacks Rank, Vishay is captivation an “A” brand in the Value class of our Appearance Scores system. The banal is trading at aloof 9x balance and sports a PEG of 1.0 as able-bodied as a P/S of 0.9. Plus, it is breeding able balance appraisal afterlight momentum, as Vishay has watched its full-year EPS estimates advance by 12% aural the accomplished 90 days.
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