Under Armour: Top Gainer in the S&P 500 on April 27
Under Armour (UAA) manufactures footwear, sports, and casual apparel. It rose on Thursday after the release of its 1Q17 earnings report.
After trading flat on Wednesday, the S&P 500 also closed flat on April 27 amid a string of first quarter corporate earnings.
Priceline is currently trading at $1,804.00. Its 52-week high is $1,807.78, and its 52-week low is $1,148.06.
What Analysts’ Ratings Suggest about Schwab’s Performance in 2017
As of March 2017, 17 out of the 20 analysts covering the stock, or 85%, have rated it as a “buy” or a “strong buy,” and three analysts have rated it as a “hold.”
Charles Schwab has seen consistent improvement in operating margins, backed by higher interest revenue, higher asset management revenue, new assets, and a rise in the broader market.
Charles Schwab’s (SCHW) stock has risen 8.8% in the past three months and 56.4% in the past year, backed by an expected strong performance in 2017.
KeyCorp’s Valuation Is Close to Industry Average
KeyCorp’s valuation looks slightly overvalued compared to KBE. However, it’s undervalued compared to KRE, the regional banking ETF.
KeyCorp is a large regional bank with about $94 billion in assets. It competes with JP Morgan (JPM) and Bank of America (BAC) in various service segments.
KeyCorp (KEY) is represented in key ETFs focused on the banking sector. The SPDR S&P Bank ETF (KBE) has KeyCorp comprising ~1.7% of its portfolio.
Goldman Sachs on the Street: What the Analyst Ratings Suggest
In April 2017, 15 of the 30 analysts covering Goldman Sachs (GS) stock (~50%) gave it “buy” or “strong buy” ratings, while 12 analysts have given it “hold” ratings.
GS stock has risen by 25% over the past six months and 57% over the past year, reflecting strong investment banking and institutional services revenues.
Goldman Sachs’s investment banking division posted revenues of $1.7 billion in 1Q17, representing a growth of 16% YoY on higher equity underwriting revenues.
What Analyst Ratings Suggest for MasterCard
in March 2017, 29 of the 35 analysts covering MasterCard (MA) rated it a “buy” or “strong buy.” Four rated it a “hold,” and one rated it an “underperform.”
MasterCard’s (MA) rebates and incentives have grown at a faster pace than its revenue, mainly due to more retail clientele and increased competition.
MasterCard (MA) stock has returned 9.0% over the past quarter and 22.2% over the past year due to consistent organic growth and improved operating margins.
Why PNC Financial Has Been Pricing at a Premium
PNC Financial (PNC) successfully diversified its banking operations by extending offerings in asset management, consumer services, and investment banking.
In 1Q15, PNC Financial bought back 4.4 million common shares worth $0.4 billion. The purchase was part of its four-quarter repurchase program.
PNC Financial’s non-interest income declined by 10% compared to the previous quarter—mainly due to higher fourth quarter gains on asset dispositions.
CME Returned $1.6 Billion in 2015: What About Dividends?
CME Group (CME) has returned more than $5.6 billion to shareholders in the form of dividends since the variable dividend policy in 2012. In 2015, CME declared dividends of $1.6 billion.
CME Group (CME) recorded average daily volumes of 18.2 million in January 2016. This compares to average daily volumes of 13.2 million in 4Q15.
CME Group’s (CME) operations outside the United States are expanding at a good pace. Volumes are impressive as CME leverages investments in global headcount, partnerships, and product development.
Financials Have Soared, Mostly Due to Trump’s Promises
The financial sector has performed the best since the elections. Higher interest rates are likely to improve banks’ margins going forward.
Since the beginning of 2016, the financial sector has been whipsawed by worries of a global recession and a low interest rate environment.
In a Reuters survey of 38 analysts, eight analysts assigned a “strong buy” rating to Bank of America (BAC), and 16 rated it as a “buy.”
Citigroup’s Stock Performance: What Analyst Ratings Suggest
In April 2017, 17 of the 29 analysts covering Citigroup (C) stock, or ~58.6%, gave it “buy” or “strong buy” ratings.
AIG’s analyst ratings have remained stable to positive over the past few months on improved earnings in 3Q16 and expectations for 4Q16.
In 4Q16, American International Group (AIG) spent $206.0 million on restructuring initiatives that target inefficiencies and expense reduction.
What Supported the S&P 500, NASDAQ, and Dow?
After regaining strength last week, the S&P 500 opened higher on Monday and closed the day at the highest levels in three weeks.
The Dow Jones Industrial Average closed at 20,578.71. Like the S&P 500 and Dow Jones, the NASDAQ Composite Index closed positive on Thursday.
The S&P 500 weakened and fell lower on Wednesday. Weakness in the energy, financials, and utility sectors weighed on the market.
What Do Analysts Recommend for Goldman Sachs?
In 2016, Goldman Sachs stock rose 35% and outperformed the financial sector.
The US dollar hovered at high price levels in the early hours on December 12. At 5:00 AM EST, the US Dollar Index was trading at 101.44.
The US Dollar Index fell in the early hours on November 28. The stronger economic data improved the chances of an interest rate hike in December.