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Category: Dow Jones Industrial Average (DJIA)
Last Updated: 31 October 2020 (2:14 ET) This page takes a look at the performance of the Dow Jones Industrial Average (DJIA) for the month of October 2020. The Dow ended down slightly for September 2020. So what does October 2020 have in store for the Dow
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The Dow Jones Industrial Average® (The Dow®), is a price-weighted measure of 30 U.S. blue-chip companies. The DJIA covers all industries except transportation and utilities. The market cap of the Dow Jones firms amounts to $8.776 trillion as at end of September 2020. The Dow Jones Industrial Average has a trailing PE ratio of 27.3 and the PE is projected (forward PE) is at 25.01 with a indicated dividend yield of 2.31% and a price to book value of 4.53 "
About the Dow Jones Industrial Average (DJIA)
The Dow Jones Industrial Average® (The Dow®), is a price-weighted measure of 30 U.S. blue-chip companies. The DJIA covers all industries except transportation and utilities. The market cap of the Dow Jones firms amounts to $8.776 trillion as at end of September 2020. The Dow Jones Industrial Average has a trailing PE ratio of 27.3 and the PE is projected (forward PE) is at 25.01 with a indicated dividend yield of 2.31% and a price to book value of 4.53
Dow Jones Industrial Average (DJIA) performance during October 2020
The graphic below shows the daily performance of the Dow Jones Industrial Average (The Dow) on a calendar for the month of October 2020. The index levels used in the calculation of the daily performance of the Dow Jones Industrial Average is obtained from Macrotrends.net
So far for October 2020 The Dow Jones is down by -3.77%
So far for October 2020 The Dow Jones is down by -3.77%
Market news and website updates during October 2020
30 October 2020: The Dow Jones ended the day down by -0.59%
Dow Jones Updates:
(9:31 ET): The Dow Jones is currently trading down by -0.63%
(2:50 ET): Dow Jones futures are currently trading down by -1.98%
Website Updates:
We covered the latest earnings release from Apple (APPL). The group reported a 8% decline in net income compared to the same quarter of the previous year. Below a short extract from that article
So what do we value Apple's stock at after the release of their 4th quarter 2020 earnings report? Following Apple's 4th quarter 2020 earnings report our valuation model provides a target price (full value price) for Apple at $68.90 a stock (up slightly from our 2nd quarter 2019 earnings report valuation of Apple. Note this valuation was done prior to the Apple stock split). We therefore believe that the stock of Apple is overvalued.
We usually suggest that long term and fundamental investors get in at least 10% below our target (full value) price which in this case is $68.90. Therefore we believe a good entry point into Apple stock is at $62 or below. We expect the stock of Apple to pull back from current levels to levels closer to our target price (full value price) in coming weeks and moths as we believe it is significantly overvalued at this point in time.
Since the stock of Apple is trading at well above our target (full value) price and our suggested entry price we will go against almost all market commentators and punters and rate Apple as a sell
Read the full article here
29 October 2020: The Dow Jones ended the day up by 0.52%
Dow Jones Updates:
(2:50 ET): Dow Jones futures are currently trading up by 1.36%
Website Updates:
We covered the latest earnings report of Norfolk Southern (SC)
Next is the stock price performance of Norfolk Southern (NSC) vs Union Pacific (UNP) vs Kansas City Southern (KSU) over last 5 years. The summary below shows the stock price returns of the freight rail firms below below (sorted from best to worst performer)
So looking at the performance of the three freight train operators Norfolk Southern just managed to outperform Union Pacific over the last 5 years, while they both easily outperformed the stock of Kansas City Southern. But in saying that all three freight rail stocks have provided investors with very healthy returns.
Read the full article here
28 October 2020: The Dow ended the day -3.43%
Dow Jones Updates:
(09:21 ET): Dow Jones futures are currently trading down -2.23%
(03:18 ET): Dow Jones futures are currently trading down -0.52%
Website Updates:
Yesterday we covered the latest earnings report of JetBlue. As part of that article we compared the stock price performance of JetBlue to Southwest, American Airlines and United Airlines. Below a short extract from that article
The image below shows the stock price performance of JetBlue (JBLU) vs Southwest (LUV) vs American (AAL) vs United (UAL) over the last 3 years. The summary below shows the stock price returns of the various airlines below (sorted from best to worst performers)
So looking at the performance of these four airliners, while they all made significant losses, Southwest (LUV) was the best performer while American (AAL) the worst performer. JetBlue came in second from last in this comparison with their stock declining a significant 53.12% over the last 3 years
Read the full article here
27 October 2020: The Dow ended the day down by -0.8%
Dow Jones Updates:
(12:12 ET): Dow Jones is currently trading down by -0.17%
(01:42 ET): Dow Jones futures are currently trading up by 0.24%
Website Updates:
Yesterday we covered the latest earnings report of American Express (AXP). Below a short extract from that article
So what is American Express stock worth based on the release of their latest earnings report? Based on American Express' latest earnings report our valuation models provide a target price (full value) price of American Express stock at $127.70 a stock. Therefore we believe the stock of American Express is undervalued at its current price of $100.98
We usually recommend that long term fundamental or value investors look to enter the stock at 10% below our target price (full value price) which in this case is $127.80, so a good entry point into American Express' stock would be at $115 or below.
We expect the stock of American Express to tick up in coming weeks and months to levels closer to our target price (full value price). Since the stock of American Express is trading at well below our suggested entry price we rate the stock of American Express a buy
Read the full article here
26 October 2020: The Dow Jones ended the day down -2.29%
Dow Jones Updates:
(08:00 ET): Dow Jones futures are currently trading don by -0.97%
Website Updates:
We covered the latest earnings report of Southwest Airlines, one of the better performing airline stocks in recent months. Below a short extract of that article
So what is Southwest Airlines stock worth based on the release of their latest earnings report? Based on the earnings report and fiscal guidance provided by Southwest Airlines our our valuation models provide a target price (full value price) for Southwest Airlines stock at $51.70 a stock. We therefore believe that the stock of Southwest Airlines is undervalued
We usually suggest that long term and fundamental investors get in at least 10% below our target price (full value price) which in this case is $51.70. Therefore we believe a good entry point into Southwest Airlines stock is at $46.50 or below. We expect the stock price of Southwest Airlines to increase to levels to closer to our target price in coming weeks and months.
Since the stock of Southwest Airlines is trading at well below our suggested entry price we rate the stock as a buy
Read the full article here
23 October 2020: The Dow ended the day down -0.1%
Dow Jones Updates:
(04:34 ET): Dow Jones futures are currently trading up by 31%
Website Updates
Yesterday we covered the latest investor update by Tesla (TSLA). Below a short extract from that article
Quick facts about Tesla:
3rd quarter 2020 production numbers compared to 2nd quarter of 2019
Model description September 2020 September 2019 Year on year percentage change
Outlook provided by Tesla
Volume : We have the capacity installed to produce and deliver 500,000 vehicles this year. While achieving this goal has become more difficult, delivering half a million vehicles in 2020 remains our target. Achieving this target depends primarily on quarter over quarter increases in Model Y and Shanghai production, as well as further improvements in logistics and delivery efficiency at higher volume levels
Cash Flow: We should have sufficient liquidity to fund our product roadmap, long-term capacity expansion plans and other expenses
Profit: For the trailing 12 months, we achieved an operating margin of 6.3%. We expect our operating margin will continue to grow over time, ultimately reaching industry-leading levels with capacity expansion and localization plans underway
Product: We are currently building Model Y capacity at Gigafactory Shanghai, Gigafactory Berlin and Gigafactory Texas, and remain on track to start deliveries from each location in 2021. Tesla Semi deliveries will also begin in 2021. We continue to significantly invest in our product roadmap.
Read the full article here
22 October 2020: The Dow ended the day up by 0.54%
Dow Jones Updates:
(00:48 ET): Dow Jones futures are currently trading down by -0.73%
Website Updates
Yesterday we covered the latest earnings report of Netflix (NFLX). Below a short extract of that article
So based on the earnings report of Netflix (NASDAQ: NFLX) what do we value Netflix (NFLX) stock at? Based on the earnings report and the increased competition our valuation models sets a target (full value) price on Netflix of $391.40. (up slightly from our 2nd quarter 2020 Netflix earnings report valuation). Based on our target price (full value price) we believe the stock of Netflix is overvalued.
We usually recommend that long term fundamental or value investors look to enter a stock at least 10% below our target price (full value price) which in this case is $391.40 We therefore believe a good entry point into Netflix is $352.30 or below. Since the stock of Netflix is well above our recommended entry point we would not recommend buying into Netflix right now as we believe there is still a lot of hope and fairytales and butterflies built into their future earnings expectations with the group trading at a PE ratio of over 80
We therefore rate the stock of Netflix (NFLX) as a SELL
Read the full article here
21 October 2020: The Dow Jones ended the day down by -0.35%
Dow Jones Updates:
(09:22 ET): Dow Jones futures are currently trading down by 0.06%
(08:00 ET): Dow Jones futures are currently trading down by -0.05%
(01:00 ET): Dow Jones futures are currently trading up by 0.61%
Website Updates:
We covered the latest earnings report of NVR, one of the largest homebuilders in the USA. Below a short extract of that article
So based on NVR Inc (NYSE; NVR) latest earnings report what do we value the group's stock at? Based on their earnings report our valuation models provides a target (full value) price for the stock of NVR Inc at $4 190. We therefore believe that the stock of NVR is overvalued
We usually recommend that long term or fundamental investors enter into a stock at least 10% below our target price (full value price), which in this case is $4 190, We therefore see a good entry point into the stock of NVR at $3 771. Since the stock of NVR is trading well above our suggested entry point we would not advise investors to buy into the stock of NVR at this point in time. We expect the stock of NVR to pull back from current levels to levels closer to our target price (full value price) in coming weeks and months.
Read the full article here
20 October 2020: The Dow ended the day up by 0.4%
Dow Jones Updates:
(13:43 ET): The Dow Jones is currently trading up by 1.26%
(01:00 ET): Dow Jones futures are currently trading up by 0.23%
Website Updates:
We covered the latest earnings report from Kansas City Southern. Below a short extract
So what do we value Kansas City Southern (KSU) stock at based on their latest earnings report? Based on their 3rd quarter 2020 earnings report our valuation model provides a target price (full value price) for Kansas City Southern at $156.40 a stock. We therefore believe the stock of Kansas City Southern (KSU) is overvalued at its current price.
We usually recommend that long term and fundamental investors look to enter a stock at least 10% below our target price, which in this case is $156.40. A good entry point would therefore be at $140.80. Since the stock of Kansas City Southern (KSU) is trading at well above our suggested entry price we rate the stock of Kansas City Southern as a sell.
Read the full article here
19 October 2020:
Dow Jones Updates:
(12:02 ET): The Dow Jones is currently trading down by -0.36%
(08:43 ET): Dow Jones futures are currently trading up by 0.60%
(01:22 ET): Dow Jones futures are currently trading up by 0.65%
Website Updates:
One of our key metrics is the Price to Stockholders equity per share ratio. When looking at this we find the following:
Based on this metric CitiGroup offers far more value than Bank of America, JPMorgan and Goldman Sachs. Most firms tend to trade at a ratio of between 2 and 4 times. While all these firms are trading at well below the expected range its Citi who is trading at the lowest and based on this metric offers the most value.
Next up cash as percentage of stock price:
Next up lets take a look at the percentage cash on the balance sheet makes up of each group's total assets:
Looking at the cash position of the four firms Goldman Sachs has the strongest cash position (as a percentage of their total assets). The cash per share gives an indication of if investors were to buy the stock now, how much of that stock price is made up by cash on their balance sheet. In this case its also Goldman Sachs that comes out on top with almost 204% of their current stock price being made up by cash.
Lastly the overused but still useful metric, the Price to Earnings Ratio (PE):
So Citigroup has the lowest PE and Bank of America by far the highest.
So all things considered if we have to choose between all of these financial service provider firms based on their current stock price, their latest earnings reported and stock price performance provided over the last 5 years, we rate the stock of Goldman Sachs as the Winner as its PE is middle of the road of these firms, it has the strongest cash position of the four firms and its Price/Stockholders equity is middle of the road. And in uncertain economic times we tend to favour those with the strongest cash positions as it provides a greater buffer to ride out difficult times. We therefore rate Goldman Sachs as the WINNER
Read the full article here
16 October 2020: The Dow Jones ended the day up by 0.39%
Dow Jones Updates:
(07:01 ET): Dow Jones is currently trading up by 0.96%
(01:01 ET): Dow Jones futures are currently trading down by -0.13%
Website Updates:
We covered the latest earnings report from Bank of America (BAC). Below a short extract from that article
So what is Bank of America stock worth based on the release of their 3rd quarter 2020 earnings report? Based on Bank of America's latest earnings report our valuation models provide a target price (full value price) for Bank of America stock at $27.40 a stock. We therefore believe that the stock of Bank of America is slightly undervalued at its current price of $23.62
We usually suggest that long term and fundamental investors get in at least 10% below our target (full value) price which in this case is $27.40. Therefore we believe a good entry point into Bank of America stock is at $24.70 or below. We expect the stock of Bank of America to increase to levels closer to our target price (full value price) in coming weeks and months.
Since the stock of Bank of America (BAC) is trading at well below our suggested entry point we rate the stock of Bank of America as a buy
Read the full article here
15 October 2020: The Dow Jones ended the day down by -0.07%
Dow Jones Updates:
(12:00 ET): The Dow Jones is currently trading down by -0.39%
(04:17 ET): Dow Jones futures are currently trading down by -0.58%
Website Updates:
We covered the latest earnings report from Goldman Sachs (GS). Below a short extract from that article
So what is Goldman Sachs (GS) stock worth based on their latest earnings report? Based on the earnings reported our valuation model provides a target price for Goldman Sachs at $266 a stock. We therefore believe the stock of Goldman Sachs is undervalued at its current price.
We usually recommend that long term and fundamental investors look to enter a stock at least 10% below our target price, which is $266. We therefore recommend a good entry price into the stock of Goldman Sachs to be at $239.40 or below.
Since the stock of Goldman Sachs is trading at well below our suggested entry point into the stock we rate the stock of Goldman Sachs as a buy
Read the full article here
14 October 2020: The Dow Jones ended the day down by -0.58%
Dow Jones Updates:
(09:54 ET): The Dow Jones is currently trading up by 0.36%
(03:54 ET): Dow Jones futures are currently trading up by 0.18%
Website Updates:
We covered the latest earnings report from JPMorgan (JPM). Below a short extract from that article
So what is JP Morgan Chase stock worth based on the release of their latest earnings report? Based on JP Morgan Chase latest earnings report our valuation models provide a target price (full value price) for JP Morgan Chase stock at $129.10 a stock (up slightly from our 2nd quarter 2020 earnings report valuation of JP Morgan Chase). We therefore believe that the stock of JP Morgan Chase is undervalued at its current price of around $11.78.
We usually suggest that long term and fundamental investors get in at least 10% below our target price (full value price) which in this case is $129.10 Therefore we believe a good entry point into JP Morgan Chase's stock is at $116.20 or below.
We expect the stock of JP Morgan Chase to surge once world economies starts reopening after the Covid-19 pandemic eases.
Read the full article here
13 October 2020: The Dow Jones ended the day down by -0.55%
Dow Jones Updates:
(02:47 ET): Dow Jones futures are currently trading up by 0.86%
Website Updates:
We covered the 3rd quarter comparable sales from McDonald's (MCD). Below a short extract from that article
CHICAGO, Oct. 8, 2020 /PRNewswire/ -- "Our third quarter performance demonstrates the underlying resilience of the McDonald's brand. Our unique strengths, including our unrivaled drive-thru presence around the world, advanced delivery and digital capabilities, and marketing scale have become even more important during the pandemic. Our prior investments in these areas position us to further our competitive advantage and enable restaurant crew to continue to safely provide customers our great tasting food," said McDonald's President and Chief Executive Officer Chris Kempczinski. "Today's dividend increase reflects our strong financial position and represents continued confidence in our ability to drive profitable growth and long-term shareholder value while still investing in our people and the business."
Region 3Q 2020 3Q2019
Read the full article here
12 October 2020: The Dow Jones ended the day up by 0.88%
Dow Jones Updates:
(12:00 ET): The Dow Jones is currently trading up by 0.86%
(08:45 ET): Dow Jones futures are currently trading up by 0.22%
(01:32 ET): Dow Jones futures are currently trading up by 0.24%
Website Updates:
We covered the latest earnings report of Helen of Troy, the owner of brands such as Drybar, OXO and Braun.
So what is Helen of Troy's stock worth based on the release of their latest earnings report? Based on the group's latest earnings and their outlook provided our valuation model provides a target (full value) price at $179.80 a Helen of Troy stock. We therefore believe that the stock of Helen of Troy is overvalued.
We usually suggest long term fundamental or value investors look to enter into a stock at least 10% below our target (full value) price which in this case is $179.80. Thus we see a good entry point into Helen of Troy's stock at $161.80 or below. We believe that Helen of Troy's stock will pull back in coming weeks and months to levels closer to our target price (full value price).
Since the stock of Helen of Troy (HELE) is trading at well above our suggested entry point we rate the stock of HELE as a sell
Read the full article here
9 October 2020: The Dow Jones ended the day up by 0.57%
Dow Jones Updates:
(03:03 ET): Dow Jones futures are currently trading up by 0.23%
Website Updates:
Yesterday we covered the latest earnings report of Domino's Pizza (DPZ). Below a short extract
So what is Domino's Pizza (NYSE: DPZ) stock worth based on the release of their 3rd quarter 2020 earnings report? Based on Domino's Pizza's 2nd quarter 2020 earnings report our valuation model provides a target price (full value price) at $217.70 a stock. We therefore believe that the stock is overvalued.
We usually suggest long term fundamental or value investors look to enter into a stock at least 10% below our target price (full value price) which in this case is $217.70. Thus we see a good entry point into Domino's stock at $195.90 or below. We believe that Domino's stock will pull back in coming weeks and months to levels closer to our target price (full value price).
We therefore rate Domino's Pizza (DP) as a sell
Read the full article here
8 October 2020: The Dow Jones ended the day up by 0.43%
Dow Jones Updates:
(03:24 ET): Dow Jones futures are currently trading up by 0.70%
Website Updates:
Yesterday we covered the latest sales reported by 3M.
ST. PAUL, Minn.--(BUSINESS WIRE)-- 3M (NYSE: MMM) today reported sales information for the month of August 2020. Total sales for August increased 2 percent year-on-year to $2.7 billion. Organic local-currency sales (which includes organic volume impacts and selling price changes) declined 2 percent while acquisitions, net of divestitures, and foreign currency translation increased sales year-on-year by 3 percent and 1 percent, respectively.
Total sales increased 23 percent in Health Care, 6 percent in Safety and Industrial, and 3 percent in Consumer, while Transportation and Electronics declined 11 percent. Organic local-currency sales increased 6 percent in Health Care, 5 percent in Safety and Industrial, and 2 percent in Consumer, while Transportation and Electronics declined 11 percent.
On a geographic basis, total sales increased 7 percent in EMEA (Europe, Middle East and Africa), and 4 percent in the Americas, while Asia Pacific declined 2 percent. Organic local-currency sales were flat in both the Americas (including the U.S. up 1 percent) and EMEA, while Asia Pacific declined 5 percent (including China up 6 percent and Japan down 15 percent).
Sales for August 2020 were impacted by one fewer business day – 21 days this year versus 22 days last year – or minus 5 percent year-on-year. Because the company will have one additional business day in September 2020 versus September 2019, there will be no year-on-year business day impact on the third-quarter 2020.
While significant global economic uncertainty remains due to the COVID-19 pandemic, the company estimates, with one month left in the quarter, its sales to be in the range of $8.2 to $8.3 billion for the third-quarter. Given the current economic uncertainty, 3M will continue its monthly reporting of sales information through the end of the year to provide transparency on its ongoing business performance.
Read the full article here
7 October 2020: The Dow Jones ended the day up by 1.91%
Dow Jones Updates:
(12:00 ET): Dow Jones is currently trading up by 1.58%
(06:28 ET): Dow Jones futures are currently trading up by 0.61%
(00:07 ET): Dow Jones futures are currently trading up by 0.06%
Website Updates:
Yesterday we covered the latest earnings report of Jack in the Box (JACK). Below a short extract
So what is Jack in a Box stock worth based on their 3rd quarter 2020 earnings report? Based on their earnings report our valuation model provides a target price (full value price) for Jack in the Box at $78.20 a stock.
But based on their earnings and their share buy back programs we believe the stock of Jack in the Box is slightly overvalued
We usually recommend long term fundamental or value investors look to enter a stock at least 10% below our target (full value) price, which in this case is $78.20, thus a good entry point into Jack in the Box would be at $70.40 or below.
We expect the stock of Jack in the Box to pull back slightly from current levels in coming weeks and months to levels closer to our target price (full value price). We therefore rate the stock of Jack in the Box as a hold
Read the full article here
6 October 2020: The Dow Jones ended the day down -1.34%
Dow Jones Updates:
(12:52 ET): The Dow Jones is currently trading up by 0.15%
(06:25 ET): Dow Jones futures are currently trading down by -0.04%
(00:07 ET): Dow Jones futures are currently trading up by 0.21%
Website Updates:
Yesterday we covered the latest earnings report of the largest seller of RV's in the world. Thor Industries. Below a short extract
So what is Thor Industries stock worth based on the release of their latest earnings report and the outlook provided. Based on the earnings reported our valuation models provide a target (full value) price for Thor Industries of $69.70 a stock (up from our 3rd quarter valuation of Thor Industries).
We therefore believe that Thor Industries stock is overvalued at its current price of $99.92 and we would not recommend long term fundamental or value investors buy into the stock of Thor Industries at its current price of $99.92
We usually recommend that long term fundamental or value investors look to enter the stock at least 10% below our target (full value) price, which in this case is $69.70 in this case. A good entry into the stock of Thor Industries (THO) would therefore be at $62.70 or below. We expect that stock of Thor Industries to pull back strongly from current levels to levels closer to our target (full value) price in coming weeks and months.
Read the full article here
5 October 2020: The Dow Jones ended the day up by 1.68%
Dow Jones Updates:
(14:39 ET): The Dow Jones is currently trading up by 1.34%
(13:00 ET): The Dow Jones is currently trading up by 1.31%
(4:42 ET): Dow Jones futures are currently trading up by 0.78%
Website Updates:
We covered the latest sales data reported by pizza franchise group Papa Johns
LOUISVILLE, Ky.--(BUSINESS WIRE)--Sep. 29, 2020-- Papa John’s International, Inc. (NASDAQ: PZZA) today provided preliminary estimated comparable sales information for the month of September and the third quarter fiscal period. In light of the uncertainty related to the pandemic, the company has continued to provide this information on a monthly basis.
President & CEO Rob Lynch said, “Six consecutive months of double-digit comparable sales growth were made possible by the hard work of Papa John’s team members and franchisees during the global pandemic. We remain confident that our innovation pipeline, marketing and technology platforms, and strong operations will continue to support strong results during, and after, the pandemic.”
Preliminary Estimated Comparable Sales for September 2020 Fiscal Period and Third Quarter
Preliminary estimated comparable sales information for the five weeks and the fiscal quarter ended September 27, 2020, relative to the same periods in the prior year are as follows
August 24, 2020 to September 27, 2020 Three months ended September 27, 2020
Comparable sales growth (a)
Domestic company-owned restaurants 14.3% 18.2%
North America franchised restaurants 19.7% 25.5%
System-wide North America restaurants 18.4% 23.8%
System-wide international restaurants (b) 23.3% 20.6%
Read the full article here
2 October 2020: The Dow ended the day down by -0.48%
Dow Jones Updates:
(08:24 ET): Dow Jones futures are currently trading down by -1.21%
(02:24 ET): Dow Jones futures are currently trading down by -1.59%
Website Updates:
We covered the latest earnings report from PepsiCo (PEP). Below a short extract from that article
So what is PepsiCo (NASDAQ: PEP) stock worth based on the release of their latest earnings report and fiscal guidance provide? Based on their earnings report and the guidance provided our valuation models provide a target (full value) price for PepsiCo of $139.90 a stock. We therefore believe that the stock is close to being fully valued.
We usually suggest long term investors look to enter a stock at least 10% below our target (full value) price which in this case is $139.90. So a good entry point into PepsiCo stock would be at $125.90 or below. We therefore rate the stock of PepsiCo (PEP) as a hold.
Read the full article here
1 October 2020: The Dow Jones ended the day up by 0.13%
Dow Jones Updates:
(12:03 ET): The Dow Jones is currently trading up by 0.25%
(9:03 ET): Dow Jones futures are currently trading up by 0.83%
(03:41 ET): Dow Jones futures are currently trading up by 0.71%
Website Updates:
We covered the recent stock price history of American Airlines (AAL) and compared it to some of its peers. Below a short extract of this article
The stock price performance of American Airlines (AAL), Delta Airlines (DAL) and Southwest Airlines (LUV) over the last 5 years. As can be seen from the image below airline stocks took a massive hit at the start of 2020 as the Covid-19 pandemic hit international and domestic travel hard. The summary shows the stock price performance of the three airlines (sorted from best to worst performer):
From the above it is clear that Southwest Airlines (LUV) stock has been by far the best performer and the worst performer of the three airlines being American Airlines.
Read the full article here
Dow Jones Updates:
(9:31 ET): The Dow Jones is currently trading down by -0.63%
(2:50 ET): Dow Jones futures are currently trading down by -1.98%
Website Updates:
We covered the latest earnings release from Apple (APPL). The group reported a 8% decline in net income compared to the same quarter of the previous year. Below a short extract from that article
So what do we value Apple's stock at after the release of their 4th quarter 2020 earnings report? Following Apple's 4th quarter 2020 earnings report our valuation model provides a target price (full value price) for Apple at $68.90 a stock (up slightly from our 2nd quarter 2019 earnings report valuation of Apple. Note this valuation was done prior to the Apple stock split). We therefore believe that the stock of Apple is overvalued.
We usually suggest that long term and fundamental investors get in at least 10% below our target (full value) price which in this case is $68.90. Therefore we believe a good entry point into Apple stock is at $62 or below. We expect the stock of Apple to pull back from current levels to levels closer to our target price (full value price) in coming weeks and moths as we believe it is significantly overvalued at this point in time.
Since the stock of Apple is trading at well above our target (full value) price and our suggested entry price we will go against almost all market commentators and punters and rate Apple as a sell
Read the full article here
29 October 2020: The Dow Jones ended the day up by 0.52%
Dow Jones Updates:
(2:50 ET): Dow Jones futures are currently trading up by 1.36%
Website Updates:
We covered the latest earnings report of Norfolk Southern (SC)
Next is the stock price performance of Norfolk Southern (NSC) vs Union Pacific (UNP) vs Kansas City Southern (KSU) over last 5 years. The summary below shows the stock price returns of the freight rail firms below below (sorted from best to worst performer)
- Norfolk Southern (NSC): 108.51%
- Union Pacific: 107.8%
- Kansas City Southern: 91.5%
So looking at the performance of the three freight train operators Norfolk Southern just managed to outperform Union Pacific over the last 5 years, while they both easily outperformed the stock of Kansas City Southern. But in saying that all three freight rail stocks have provided investors with very healthy returns.
Read the full article here
28 October 2020: The Dow ended the day -3.43%
Dow Jones Updates:
(09:21 ET): Dow Jones futures are currently trading down -2.23%
(03:18 ET): Dow Jones futures are currently trading down -0.52%
Website Updates:
Yesterday we covered the latest earnings report of JetBlue. As part of that article we compared the stock price performance of JetBlue to Southwest, American Airlines and United Airlines. Below a short extract from that article
The image below shows the stock price performance of JetBlue (JBLU) vs Southwest (LUV) vs American (AAL) vs United (UAL) over the last 3 years. The summary below shows the stock price returns of the various airlines below (sorted from best to worst performers)
- Southwest Airlines (LUV): -13.43%
- United Airlines (UAL): -39.23%
- JetBlue (JBLU): -53.12%
- American Airlines (AAL): -72.50%
So looking at the performance of these four airliners, while they all made significant losses, Southwest (LUV) was the best performer while American (AAL) the worst performer. JetBlue came in second from last in this comparison with their stock declining a significant 53.12% over the last 3 years
Read the full article here
27 October 2020: The Dow ended the day down by -0.8%
Dow Jones Updates:
(12:12 ET): Dow Jones is currently trading down by -0.17%
(01:42 ET): Dow Jones futures are currently trading up by 0.24%
Website Updates:
Yesterday we covered the latest earnings report of American Express (AXP). Below a short extract from that article
So what is American Express stock worth based on the release of their latest earnings report? Based on American Express' latest earnings report our valuation models provide a target price (full value) price of American Express stock at $127.70 a stock. Therefore we believe the stock of American Express is undervalued at its current price of $100.98
We usually recommend that long term fundamental or value investors look to enter the stock at 10% below our target price (full value price) which in this case is $127.80, so a good entry point into American Express' stock would be at $115 or below.
We expect the stock of American Express to tick up in coming weeks and months to levels closer to our target price (full value price). Since the stock of American Express is trading at well below our suggested entry price we rate the stock of American Express a buy
Read the full article here
26 October 2020: The Dow Jones ended the day down -2.29%
Dow Jones Updates:
(08:00 ET): Dow Jones futures are currently trading don by -0.97%
Website Updates:
We covered the latest earnings report of Southwest Airlines, one of the better performing airline stocks in recent months. Below a short extract of that article
So what is Southwest Airlines stock worth based on the release of their latest earnings report? Based on the earnings report and fiscal guidance provided by Southwest Airlines our our valuation models provide a target price (full value price) for Southwest Airlines stock at $51.70 a stock. We therefore believe that the stock of Southwest Airlines is undervalued
We usually suggest that long term and fundamental investors get in at least 10% below our target price (full value price) which in this case is $51.70. Therefore we believe a good entry point into Southwest Airlines stock is at $46.50 or below. We expect the stock price of Southwest Airlines to increase to levels to closer to our target price in coming weeks and months.
Since the stock of Southwest Airlines is trading at well below our suggested entry price we rate the stock as a buy
Read the full article here
23 October 2020: The Dow ended the day down -0.1%
Dow Jones Updates:
(04:34 ET): Dow Jones futures are currently trading up by 31%
Website Updates
Yesterday we covered the latest investor update by Tesla (TSLA). Below a short extract from that article
Quick facts about Tesla:
- Tesla is listed on the Nasdaq under share code ticker: TSLA
- Tesla has 48 817 employees
- Revenue for 3Q 2020: $8.74 billion
- Net income for 3Q 2020: $874 million
- Shares in issue: 1.1 billion
- Operating margin: 9.2%
- Cash and cash equivalents: $14.531 billion
- Cash per share: $13.10
- Cash and equivalents as percentage of Tesla market capital: 3.1%
3rd quarter 2020 production numbers compared to 2nd quarter of 2019
Model description September 2020 September 2019 Year on year percentage change
- Model S/X 16 922 16 318 4%
- Model 3/Y 128 044 79 837 60%
- Total 145 036 96 155 51%
Outlook provided by Tesla
Volume : We have the capacity installed to produce and deliver 500,000 vehicles this year. While achieving this goal has become more difficult, delivering half a million vehicles in 2020 remains our target. Achieving this target depends primarily on quarter over quarter increases in Model Y and Shanghai production, as well as further improvements in logistics and delivery efficiency at higher volume levels
Cash Flow: We should have sufficient liquidity to fund our product roadmap, long-term capacity expansion plans and other expenses
Profit: For the trailing 12 months, we achieved an operating margin of 6.3%. We expect our operating margin will continue to grow over time, ultimately reaching industry-leading levels with capacity expansion and localization plans underway
Product: We are currently building Model Y capacity at Gigafactory Shanghai, Gigafactory Berlin and Gigafactory Texas, and remain on track to start deliveries from each location in 2021. Tesla Semi deliveries will also begin in 2021. We continue to significantly invest in our product roadmap.
Read the full article here
22 October 2020: The Dow ended the day up by 0.54%
Dow Jones Updates:
(00:48 ET): Dow Jones futures are currently trading down by -0.73%
Website Updates
Yesterday we covered the latest earnings report of Netflix (NFLX). Below a short extract of that article
So based on the earnings report of Netflix (NASDAQ: NFLX) what do we value Netflix (NFLX) stock at? Based on the earnings report and the increased competition our valuation models sets a target (full value) price on Netflix of $391.40. (up slightly from our 2nd quarter 2020 Netflix earnings report valuation). Based on our target price (full value price) we believe the stock of Netflix is overvalued.
We usually recommend that long term fundamental or value investors look to enter a stock at least 10% below our target price (full value price) which in this case is $391.40 We therefore believe a good entry point into Netflix is $352.30 or below. Since the stock of Netflix is well above our recommended entry point we would not recommend buying into Netflix right now as we believe there is still a lot of hope and fairytales and butterflies built into their future earnings expectations with the group trading at a PE ratio of over 80
We therefore rate the stock of Netflix (NFLX) as a SELL
Read the full article here
21 October 2020: The Dow Jones ended the day down by -0.35%
Dow Jones Updates:
(09:22 ET): Dow Jones futures are currently trading down by 0.06%
(08:00 ET): Dow Jones futures are currently trading down by -0.05%
(01:00 ET): Dow Jones futures are currently trading up by 0.61%
Website Updates:
We covered the latest earnings report of NVR, one of the largest homebuilders in the USA. Below a short extract of that article
So based on NVR Inc (NYSE; NVR) latest earnings report what do we value the group's stock at? Based on their earnings report our valuation models provides a target (full value) price for the stock of NVR Inc at $4 190. We therefore believe that the stock of NVR is overvalued
We usually recommend that long term or fundamental investors enter into a stock at least 10% below our target price (full value price), which in this case is $4 190, We therefore see a good entry point into the stock of NVR at $3 771. Since the stock of NVR is trading well above our suggested entry point we would not advise investors to buy into the stock of NVR at this point in time. We expect the stock of NVR to pull back from current levels to levels closer to our target price (full value price) in coming weeks and months.
Read the full article here
20 October 2020: The Dow ended the day up by 0.4%
Dow Jones Updates:
(13:43 ET): The Dow Jones is currently trading up by 1.26%
(01:00 ET): Dow Jones futures are currently trading up by 0.23%
Website Updates:
We covered the latest earnings report from Kansas City Southern. Below a short extract
So what do we value Kansas City Southern (KSU) stock at based on their latest earnings report? Based on their 3rd quarter 2020 earnings report our valuation model provides a target price (full value price) for Kansas City Southern at $156.40 a stock. We therefore believe the stock of Kansas City Southern (KSU) is overvalued at its current price.
We usually recommend that long term and fundamental investors look to enter a stock at least 10% below our target price, which in this case is $156.40. A good entry point would therefore be at $140.80. Since the stock of Kansas City Southern (KSU) is trading at well above our suggested entry price we rate the stock of Kansas City Southern as a sell.
Read the full article here
19 October 2020:
Dow Jones Updates:
(12:02 ET): The Dow Jones is currently trading down by -0.36%
(08:43 ET): Dow Jones futures are currently trading up by 0.60%
(01:22 ET): Dow Jones futures are currently trading up by 0.65%
Website Updates:
One of our key metrics is the Price to Stockholders equity per share ratio. When looking at this we find the following:
- Price/Stockholders equity per share for CitiGroup: 0.47
- Price/Stockholders equity per share for JP Morgan : 1.1
- Price/Stockholders equity per share for Bank of America: 0.77
- Price/Stockholders equity per share for Goldman Sachs : 0.82
Based on this metric CitiGroup offers far more value than Bank of America, JPMorgan and Goldman Sachs. Most firms tend to trade at a ratio of between 2 and 4 times. While all these firms are trading at well below the expected range its Citi who is trading at the lowest and based on this metric offers the most value.
Next up cash as percentage of stock price:
- Cash as percentage of stock price for CitiGroup: 27.1%
- Cash as percentage of stock price for JP Morgan : 6.7%
- Cash as percentage of stock price for Bank of America: 15.9%
- Cash as percentage of stock price for Goldman Sachs: 204%
Next up lets take a look at the percentage cash on the balance sheet makes up of each group's total assets:
- Cash as percentage of stock price for CitiGroup: 1.13%
- Cash as percentage of stock price for JP Morgan : 0.64%
- Cash as percentage of stock price for Bank of America: 1.2%
- Cash as percentage of stock price for Goldman Sachs: 13.5%
Looking at the cash position of the four firms Goldman Sachs has the strongest cash position (as a percentage of their total assets). The cash per share gives an indication of if investors were to buy the stock now, how much of that stock price is made up by cash on their balance sheet. In this case its also Goldman Sachs that comes out on top with almost 204% of their current stock price being made up by cash.
Lastly the overused but still useful metric, the Price to Earnings Ratio (PE):
- PE for CitiGroup: 7.8
- PE for JP Morgan : 9.2
- PE for Bank of America: 13.9
- PE for Goldman Sachs: 9.8
So Citigroup has the lowest PE and Bank of America by far the highest.
So all things considered if we have to choose between all of these financial service provider firms based on their current stock price, their latest earnings reported and stock price performance provided over the last 5 years, we rate the stock of Goldman Sachs as the Winner as its PE is middle of the road of these firms, it has the strongest cash position of the four firms and its Price/Stockholders equity is middle of the road. And in uncertain economic times we tend to favour those with the strongest cash positions as it provides a greater buffer to ride out difficult times. We therefore rate Goldman Sachs as the WINNER
Read the full article here
16 October 2020: The Dow Jones ended the day up by 0.39%
Dow Jones Updates:
(07:01 ET): Dow Jones is currently trading up by 0.96%
(01:01 ET): Dow Jones futures are currently trading down by -0.13%
Website Updates:
We covered the latest earnings report from Bank of America (BAC). Below a short extract from that article
So what is Bank of America stock worth based on the release of their 3rd quarter 2020 earnings report? Based on Bank of America's latest earnings report our valuation models provide a target price (full value price) for Bank of America stock at $27.40 a stock. We therefore believe that the stock of Bank of America is slightly undervalued at its current price of $23.62
We usually suggest that long term and fundamental investors get in at least 10% below our target (full value) price which in this case is $27.40. Therefore we believe a good entry point into Bank of America stock is at $24.70 or below. We expect the stock of Bank of America to increase to levels closer to our target price (full value price) in coming weeks and months.
Since the stock of Bank of America (BAC) is trading at well below our suggested entry point we rate the stock of Bank of America as a buy
Read the full article here
15 October 2020: The Dow Jones ended the day down by -0.07%
Dow Jones Updates:
(12:00 ET): The Dow Jones is currently trading down by -0.39%
(04:17 ET): Dow Jones futures are currently trading down by -0.58%
Website Updates:
We covered the latest earnings report from Goldman Sachs (GS). Below a short extract from that article
So what is Goldman Sachs (GS) stock worth based on their latest earnings report? Based on the earnings reported our valuation model provides a target price for Goldman Sachs at $266 a stock. We therefore believe the stock of Goldman Sachs is undervalued at its current price.
We usually recommend that long term and fundamental investors look to enter a stock at least 10% below our target price, which is $266. We therefore recommend a good entry price into the stock of Goldman Sachs to be at $239.40 or below.
Since the stock of Goldman Sachs is trading at well below our suggested entry point into the stock we rate the stock of Goldman Sachs as a buy
Read the full article here
14 October 2020: The Dow Jones ended the day down by -0.58%
Dow Jones Updates:
(09:54 ET): The Dow Jones is currently trading up by 0.36%
(03:54 ET): Dow Jones futures are currently trading up by 0.18%
Website Updates:
We covered the latest earnings report from JPMorgan (JPM). Below a short extract from that article
So what is JP Morgan Chase stock worth based on the release of their latest earnings report? Based on JP Morgan Chase latest earnings report our valuation models provide a target price (full value price) for JP Morgan Chase stock at $129.10 a stock (up slightly from our 2nd quarter 2020 earnings report valuation of JP Morgan Chase). We therefore believe that the stock of JP Morgan Chase is undervalued at its current price of around $11.78.
We usually suggest that long term and fundamental investors get in at least 10% below our target price (full value price) which in this case is $129.10 Therefore we believe a good entry point into JP Morgan Chase's stock is at $116.20 or below.
We expect the stock of JP Morgan Chase to surge once world economies starts reopening after the Covid-19 pandemic eases.
Read the full article here
13 October 2020: The Dow Jones ended the day down by -0.55%
Dow Jones Updates:
(02:47 ET): Dow Jones futures are currently trading up by 0.86%
Website Updates:
We covered the 3rd quarter comparable sales from McDonald's (MCD). Below a short extract from that article
CHICAGO, Oct. 8, 2020 /PRNewswire/ -- "Our third quarter performance demonstrates the underlying resilience of the McDonald's brand. Our unique strengths, including our unrivaled drive-thru presence around the world, advanced delivery and digital capabilities, and marketing scale have become even more important during the pandemic. Our prior investments in these areas position us to further our competitive advantage and enable restaurant crew to continue to safely provide customers our great tasting food," said McDonald's President and Chief Executive Officer Chris Kempczinski. "Today's dividend increase reflects our strong financial position and represents continued confidence in our ability to drive profitable growth and long-term shareholder value while still investing in our people and the business."
Region 3Q 2020 3Q2019
- U.S. 4.6% 4.8%
- International Operated Markets -4.4% 5.6%
- International Developmental Licensed Markets & Corporate -10.1% 8.1%
- Total -2.2% 5.9%
Read the full article here
12 October 2020: The Dow Jones ended the day up by 0.88%
Dow Jones Updates:
(12:00 ET): The Dow Jones is currently trading up by 0.86%
(08:45 ET): Dow Jones futures are currently trading up by 0.22%
(01:32 ET): Dow Jones futures are currently trading up by 0.24%
Website Updates:
We covered the latest earnings report of Helen of Troy, the owner of brands such as Drybar, OXO and Braun.
So what is Helen of Troy's stock worth based on the release of their latest earnings report? Based on the group's latest earnings and their outlook provided our valuation model provides a target (full value) price at $179.80 a Helen of Troy stock. We therefore believe that the stock of Helen of Troy is overvalued.
We usually suggest long term fundamental or value investors look to enter into a stock at least 10% below our target (full value) price which in this case is $179.80. Thus we see a good entry point into Helen of Troy's stock at $161.80 or below. We believe that Helen of Troy's stock will pull back in coming weeks and months to levels closer to our target price (full value price).
Since the stock of Helen of Troy (HELE) is trading at well above our suggested entry point we rate the stock of HELE as a sell
Read the full article here
9 October 2020: The Dow Jones ended the day up by 0.57%
Dow Jones Updates:
(03:03 ET): Dow Jones futures are currently trading up by 0.23%
Website Updates:
Yesterday we covered the latest earnings report of Domino's Pizza (DPZ). Below a short extract
So what is Domino's Pizza (NYSE: DPZ) stock worth based on the release of their 3rd quarter 2020 earnings report? Based on Domino's Pizza's 2nd quarter 2020 earnings report our valuation model provides a target price (full value price) at $217.70 a stock. We therefore believe that the stock is overvalued.
We usually suggest long term fundamental or value investors look to enter into a stock at least 10% below our target price (full value price) which in this case is $217.70. Thus we see a good entry point into Domino's stock at $195.90 or below. We believe that Domino's stock will pull back in coming weeks and months to levels closer to our target price (full value price).
We therefore rate Domino's Pizza (DP) as a sell
Read the full article here
8 October 2020: The Dow Jones ended the day up by 0.43%
Dow Jones Updates:
(03:24 ET): Dow Jones futures are currently trading up by 0.70%
Website Updates:
Yesterday we covered the latest sales reported by 3M.
ST. PAUL, Minn.--(BUSINESS WIRE)-- 3M (NYSE: MMM) today reported sales information for the month of August 2020. Total sales for August increased 2 percent year-on-year to $2.7 billion. Organic local-currency sales (which includes organic volume impacts and selling price changes) declined 2 percent while acquisitions, net of divestitures, and foreign currency translation increased sales year-on-year by 3 percent and 1 percent, respectively.
Total sales increased 23 percent in Health Care, 6 percent in Safety and Industrial, and 3 percent in Consumer, while Transportation and Electronics declined 11 percent. Organic local-currency sales increased 6 percent in Health Care, 5 percent in Safety and Industrial, and 2 percent in Consumer, while Transportation and Electronics declined 11 percent.
On a geographic basis, total sales increased 7 percent in EMEA (Europe, Middle East and Africa), and 4 percent in the Americas, while Asia Pacific declined 2 percent. Organic local-currency sales were flat in both the Americas (including the U.S. up 1 percent) and EMEA, while Asia Pacific declined 5 percent (including China up 6 percent and Japan down 15 percent).
Sales for August 2020 were impacted by one fewer business day – 21 days this year versus 22 days last year – or minus 5 percent year-on-year. Because the company will have one additional business day in September 2020 versus September 2019, there will be no year-on-year business day impact on the third-quarter 2020.
While significant global economic uncertainty remains due to the COVID-19 pandemic, the company estimates, with one month left in the quarter, its sales to be in the range of $8.2 to $8.3 billion for the third-quarter. Given the current economic uncertainty, 3M will continue its monthly reporting of sales information through the end of the year to provide transparency on its ongoing business performance.
Read the full article here
7 October 2020: The Dow Jones ended the day up by 1.91%
Dow Jones Updates:
(12:00 ET): Dow Jones is currently trading up by 1.58%
(06:28 ET): Dow Jones futures are currently trading up by 0.61%
(00:07 ET): Dow Jones futures are currently trading up by 0.06%
Website Updates:
Yesterday we covered the latest earnings report of Jack in the Box (JACK). Below a short extract
So what is Jack in a Box stock worth based on their 3rd quarter 2020 earnings report? Based on their earnings report our valuation model provides a target price (full value price) for Jack in the Box at $78.20 a stock.
But based on their earnings and their share buy back programs we believe the stock of Jack in the Box is slightly overvalued
We usually recommend long term fundamental or value investors look to enter a stock at least 10% below our target (full value) price, which in this case is $78.20, thus a good entry point into Jack in the Box would be at $70.40 or below.
We expect the stock of Jack in the Box to pull back slightly from current levels in coming weeks and months to levels closer to our target price (full value price). We therefore rate the stock of Jack in the Box as a hold
Read the full article here
6 October 2020: The Dow Jones ended the day down -1.34%
Dow Jones Updates:
(12:52 ET): The Dow Jones is currently trading up by 0.15%
(06:25 ET): Dow Jones futures are currently trading down by -0.04%
(00:07 ET): Dow Jones futures are currently trading up by 0.21%
Website Updates:
Yesterday we covered the latest earnings report of the largest seller of RV's in the world. Thor Industries. Below a short extract
So what is Thor Industries stock worth based on the release of their latest earnings report and the outlook provided. Based on the earnings reported our valuation models provide a target (full value) price for Thor Industries of $69.70 a stock (up from our 3rd quarter valuation of Thor Industries).
We therefore believe that Thor Industries stock is overvalued at its current price of $99.92 and we would not recommend long term fundamental or value investors buy into the stock of Thor Industries at its current price of $99.92
We usually recommend that long term fundamental or value investors look to enter the stock at least 10% below our target (full value) price, which in this case is $69.70 in this case. A good entry into the stock of Thor Industries (THO) would therefore be at $62.70 or below. We expect that stock of Thor Industries to pull back strongly from current levels to levels closer to our target (full value) price in coming weeks and months.
Read the full article here
5 October 2020: The Dow Jones ended the day up by 1.68%
Dow Jones Updates:
(14:39 ET): The Dow Jones is currently trading up by 1.34%
(13:00 ET): The Dow Jones is currently trading up by 1.31%
(4:42 ET): Dow Jones futures are currently trading up by 0.78%
Website Updates:
We covered the latest sales data reported by pizza franchise group Papa Johns
LOUISVILLE, Ky.--(BUSINESS WIRE)--Sep. 29, 2020-- Papa John’s International, Inc. (NASDAQ: PZZA) today provided preliminary estimated comparable sales information for the month of September and the third quarter fiscal period. In light of the uncertainty related to the pandemic, the company has continued to provide this information on a monthly basis.
President & CEO Rob Lynch said, “Six consecutive months of double-digit comparable sales growth were made possible by the hard work of Papa John’s team members and franchisees during the global pandemic. We remain confident that our innovation pipeline, marketing and technology platforms, and strong operations will continue to support strong results during, and after, the pandemic.”
Preliminary Estimated Comparable Sales for September 2020 Fiscal Period and Third Quarter
Preliminary estimated comparable sales information for the five weeks and the fiscal quarter ended September 27, 2020, relative to the same periods in the prior year are as follows
August 24, 2020 to September 27, 2020 Three months ended September 27, 2020
Comparable sales growth (a)
Domestic company-owned restaurants 14.3% 18.2%
North America franchised restaurants 19.7% 25.5%
System-wide North America restaurants 18.4% 23.8%
System-wide international restaurants (b) 23.3% 20.6%
Read the full article here
2 October 2020: The Dow ended the day down by -0.48%
Dow Jones Updates:
(08:24 ET): Dow Jones futures are currently trading down by -1.21%
(02:24 ET): Dow Jones futures are currently trading down by -1.59%
Website Updates:
We covered the latest earnings report from PepsiCo (PEP). Below a short extract from that article
So what is PepsiCo (NASDAQ: PEP) stock worth based on the release of their latest earnings report and fiscal guidance provide? Based on their earnings report and the guidance provided our valuation models provide a target (full value) price for PepsiCo of $139.90 a stock. We therefore believe that the stock is close to being fully valued.
We usually suggest long term investors look to enter a stock at least 10% below our target (full value) price which in this case is $139.90. So a good entry point into PepsiCo stock would be at $125.90 or below. We therefore rate the stock of PepsiCo (PEP) as a hold.
Read the full article here
1 October 2020: The Dow Jones ended the day up by 0.13%
Dow Jones Updates:
(12:03 ET): The Dow Jones is currently trading up by 0.25%
(9:03 ET): Dow Jones futures are currently trading up by 0.83%
(03:41 ET): Dow Jones futures are currently trading up by 0.71%
Website Updates:
We covered the recent stock price history of American Airlines (AAL) and compared it to some of its peers. Below a short extract of this article
The stock price performance of American Airlines (AAL), Delta Airlines (DAL) and Southwest Airlines (LUV) over the last 5 years. As can be seen from the image below airline stocks took a massive hit at the start of 2020 as the Covid-19 pandemic hit international and domestic travel hard. The summary shows the stock price performance of the three airlines (sorted from best to worst performer):
- Southwest Airlines: -17.5%
- Delta Airlines: -39.9%
- American Airlines: -73.6%
From the above it is clear that Southwest Airlines (LUV) stock has been by far the best performer and the worst performer of the three airlines being American Airlines.
Read the full article here