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Best Cyclical Stocks To Buy Right Now? 5 For Your List

Could these cyclical stocks be top buys as the economy powers on?
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Should Investors Add These Top Cyclical Stocks To Their March 2022 Watchlist?

While the latest talks on banning Russian oil imports in the U.S. may be making headlines, investors should not overlook cyclical stocks. Namely, the cyclical areas of the stock market today would be worth noting as the economy continues to surge. Evidently, even ahead of this Thursday’s Consumer Price Index (CPI) figures, economists are already anticipating hot readings. To put things into perspective, current estimates point towards a 7.9% year-over-year increase. This would mark the CPI’s fastest growth since the 1980s. With cyclical firms often growing alongside the economy, investors could be eyeing cyclical stocks in the stock market now.

For instance, we could look at companies such as Apple (NASDAQ: AAPL) and Carnival (NYSE: CCL). By and large, both firms cater to the consumer discretionary side of the cyclical trade. On one hand, Apple would be in focus today with its upcoming launch event, its first in 2022. At the event, many are expecting the consumer tech giant to announce the latest generation of its budget iPhone SE. On the other hand, travel giants such as Carnival continue to bolster their offerings as pandemic conditions improve. As of yesterday, the company is making preparations for a full season of Alaska explorations and Canada/New England sailings. With all this in mind, could one of these cyclical stocks be worth jumping on now?

Cyclical Stocks To Buy [Or Sell] This Week

Dick’s Sporting Goods

Let’s begin today’s list with Dick’s Sporting Goods, a cyclical company that focuses on sporting retail. The company is a leading omnichannel retailer that serves athletes and outdoor enthusiasts in more than 850 stores. This includes Dick’s Sporting Goods, Golf Galaxy, and Public Lands. Dick’s also owns and operates House of Sports as well as GameChanger, a youth sports mobile app for communications, live scorekeeping, and video streaming. Today, the company reported its fourth-quarter and full-year 2021 financials.

Diving in, the company reported full-year net sales of $12.29 billion and earnings per diluted share of $13.87. The company also ended 2021 in a strong liquidity position with cash and cash equivalents of approximately $2.6 billion. “Our exceptionally strong 2021 reflects another positive step forward in our multi-year transformational journey,” said Ed Stack, Executive Chairman. “Our strategies are driving sustainable sales and profitability growth, and we have set our business on a new trajectory. I’d like to thank all our teammates for their hard work and unwavering dedication to our business.” All things considered, is DKS stock worth investing in?

DKS stock chart
Source: TD Ameritrade TOS

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Sunrun Inc.

Sunrun is one of the nation’s leading home solar, energy services, and battery storage companies. In essence, it has pioneered home solar service plans to make local clean energy more accessible to everyone. The company’s innovative home battery solutions also bring more affordable and reliable solar energy. Last month, the company also reported its fourth-quarter and full-year 2021 financials.

Firstly, the company reported a 31% growth in Solar Energy Capacity Installed in 2021, exceeding guidance and also reflects the highest growth rate in five years. This is at nearly three times the operating scale. Secondly, Sunrun says that backlog growth was 57% for the full-year 2021 on strong customer order trends. Annual recurring revenue was $851 million with average contract life remaining of 17.4 years. It also reported a net earning asset of $4.6 billion, including $850 million in total cash. With that being said, is RUN stock a buy right now?

RUN stock
Source: TD Ameritrade TOS

United Rentals Inc.

Following that, we have United Rentals, the world’s largest equipment rental company. The company has an integrated network of over 1,200 rental locations across North America.  In fact, it operates in 49 states and every Canadian province in North America. Its over 20,000 employees serve construction and industrial customers along with utilities, municipalities, and homeowners as well. In late January, the company reported a record fourth-quarter and gave a strong 2022 outlook.

Total revenue for the quarter was $2.776 billion, which includes a rental revenue of $2.312 billion. Fleet productivity increased by 10.3% year-over-year. Also, United Rentals posted a net income of $481 million for the quarter or a GAAP diluted earnings per share of $6.61. For its 2022 outlook, the company expects total revenue from $10.56 billion to $11.05 billion, compared to $9.716 billion in 2021. For these reasons, do you think URI stock is a top cyclical stock to add to your portfolio?

URI stock chart
Source: TD Ameritrade TOS

[Read More] Stock Market Today: Dow Jones, S&P 500 Ticks Lower On Potential U.S. Oil Ban; Dick’s Sporting Goods (DKS) Up On Earnings Beat

Walt Disney Company

Following that, we will be taking a look at the Walt Disney Company. For one thing, most would be familiar with the entertainment goliath’s massive portfolio. This is not surprising from Disney’s timeless fairy tale classics to its massive Marvel and Star Wars IPs. For investors looking to bet on notable names in the cyclical trade today, Disney would be an interesting play. After all, the company stands to benefit from both stay-at-home and post-pandemic consumer trends. This would be thanks to its blowout Disney+ streaming platform and various Disney parks and recreation businesses respectively.

Speaking of Disney+, the company continues to adapt its streaming arm to the changing consumer landscape. Notably, Disney is planning to introduce a version of its streaming subscription that supports ads by 2023. This, of course, comes in the form of a more affordable version of Disney+ that will, ideally, cater to wider audiences. At the same time, it would also provide Disney with the chance to benefit from advertisements on the platform. As such, would DIS stock be a top cyclical stock to buy for you now?

DIS stock chart
Source: TD Ameritrade TOS

[Read More] Top Stock Market News For Today March 8, 2022

Petco Health and Wellness Company Inc.

Last but not least, Petco would be another name to consider in the cyclical space today. Through its “category-defining” portfolio of health and wellness offerings, the company serves pet-owners across the Americas. For a sense of scale, Petco currently operates via a network of over 1,500 retail locations across the U.S., Puerto Rico, and Mexico. Among which it also has over 150 in-store vet hospitals. If anything, consumers that picked up pets throughout the pandemic have and continue to turn to Petco now.

Accordingly, this appears to be the case judging from its fourth-quarter earnings report posted earlier today. In it, Petco raked in a total revenue of $1.5 billion alongside earnings of $0.28 per share. For reference, these figures represent sizable year-over-year gains of 13% and 154% respectively. Moreover, Petco is also expanding its pet-care paid membership plan, Vital Care. In detail, the company is introducing more benefits for dogs, a new plan tailored for cats, and numerous vet and product rebates across the board. After considering all this, will you be investing in WOOF stock?

WOOF stock
Source: TD Ameritrade TOS

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The post Best Cyclical Stocks To Buy Right Now? 5 For Your List appeared first on Stock Market News, Quotes, Charts and Financial Information | StockMarket.com.

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This country became first in the world to let in tourists passport-free

Singapore has been on a larger push to speed up the flow of tourists with digital immigration clearance.

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In the fall of 2023, the city-state of Singapore announced that it was working on end-to-end biometrics that would allow travelers passing through its Changi Airport to check into flights, drop off bags and even leave and exit the country without a passport.

The latter is the most technologically advanced step of them all because not all countries issue passports with the same biometrics while immigration laws leave fewer room for mistakes about who enters the country.

Related: A country just went visa-free for visitors with any passport

That said, Singapore is one step closer to instituting passport-free travel by testing it at its land border with Malaysia. The two countries have two border checkpoints, Woodlands and Tuas, and as of March 20 those entering in Singapore by car are able to show a QR code that they generate through the government’s MyICA app instead of the passport.

A photograph captures Singapore's Tuas land border with Malaysia.

Here is who is now able to enter Singapore passport-free

The latter will be available to citizens of Singapore, permanent residents and tourists who have already entered the country once with their current passport. The government app pulls data from one's passport and shows the border officer the conditions of one's entry clearance already recorded in the system.

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While not truly passport-free since tourists still need to link a valid passport to an online system, the move is the first step in Singapore's larger push to get rid of physical passports.

"The QR code initiative allows travellers to enjoy a faster and more convenient experience, with estimated time savings of around 20 seconds for cars with four travellers, to approximately one minute for cars with 10 travellers," Singapore's Immigration and Checkpoints Authority wrote in a press release announcing the new feature. "Overall waiting time can be reduced by more than 30% if most car travellers use QR code for clearance."

More countries are looking at passport-free travel but it will take years to implement

The land crossings between Singapore and Malaysia can get very busy — government numbers show that a new post-pandemic record of 495,000 people crossed Woodlands and Tuas on the weekend of March 8 (the day before Singapore's holiday weekend.)

Even once Singapore implements fully digital clearance at all of its crossings, the change will in no way affect immigration rules since it's only a way of transferring the status afforded by one's nationality into a digital system (those who need a visa to enter Singapore will still need to apply for one at a consulate before the trip.) More countries are in the process of moving toward similar systems but due to the varying availability of necessary technology and the types of passports issued by different countries, the prospect of agent-free crossings is still many years away.

In the U.S., Chicago's O'Hare International Airport was chosen to take part in a pilot program in which low-risk travelers with TSA PreCheck can check into their flight and pass security on domestic flights without showing ID. The UK has also been testing similar digital crossings for British and EU citizens but no similar push for international travelers is currently being planned in the U.S.

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Analysts issue unexpected crude oil price forecast after surge

Here’s what a key investment firm says about the commodity.

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Oil is an asset defined by volatility.

U.S. crude prices stood above $60 a barrel in January 2020, just as the covid pandemic began. Three months later, prices briefly went negative, as the pandemic crushed demand.

By June 2022 the price rebounded all the way to $120, as fiscal and monetary stimulus boosted the economy. The price fell back to $80 in September 2022. Since then, it has bounced between about $65 and $90.

Over the past two months, the price has climbed 15% to $82 as of March 20.

Oil prices often trade in a roller-coaster fashion.

Bullish factors for oil prices

The move stems partly from indications that economic growth this year will be stronger than analysts expected.

Related: The Fed rate decision won't surprise markets. What happens next might

Vanguard has just raised its estimate for 2024 U.S. GDP growth to 2% from 0.5%.

Meanwhile, China’s factory output and retail sales exceeded forecasts in January and February. That could boost oil demand in the country, the world's No. 1 oil importer.

Also, drone strokes from Ukraine have knocked out some of Russia’s oil refinery capacity. Ukraine has hit at least nine major refineries this year, erasing an estimated 11% of Russia’s production capacity, according to Bloomberg.

“Russia is a gas station with an army, and we intend on destroying that gas station,” Francisco Serra-Martins, chief executive of drone manufacturer Terminal Autonomy, told the news service. Gasoline, of course, is one of the products made at refineries.

Speaking of gas, the recent surge of oil prices has sent it higher as well. The average national price for regular gas totaled $3.52 per gallon Wednesday, up 7% from a month ago, according to the American Automobile Association. And we’re nearing the peak driving season.

Another bullish factor for oil: Iraq said Monday that it’s cutting oil exports by 130,000 barrels per day in coming months. Iraq produced much more oil in January and February than its OPEC (Organization of Petroleum Exporting Countries) target.

Citigroup’s oil-price forecast

Yet, not everyone is bullish on oil going forward. Citigroup analysts see prices falling through next year, Dow Jones’s Oil Price Information Service (OPIS) reports.

More Economic Analysis:

The analysts note that supply is at risk in Israel, Iran, Iraq, Libya, and Venezuela. But Saudi Arabia, the UAE, Kuwait, and Russia could easily make up any shortfall.

Moreover, output should also rise this year and next in the U.S., Canada, Brazil, and Guyana, the analysts said. Meanwhile, global demand growth will decelerate, amid increased electric vehicle use and economic weakness.

Regarding refineries, the analysts see strong gains in capacity and capacity upgrades this year.

What if Donald Trump is elected president again? That “would likely be bearish for oil and gas," as Trump's policies could boost trade tension, crimping demand, they said.

The analysts made predictions for European oil prices, the world’s benchmark, which sat Wednesday at $86.

They forecast a 9% slide in the second quarter to $78, then a decline to $74 in the third quarter and $70 in the fourth quarter.

Next year should see a descent to $65 in the first quarter, $60 in the second and third, and finally $55 in the fourth, Citi said. That would leave the price 36% below current levels.

U.S. crude prices will trade $4 below European prices from the second quarter this year until the end of 2025, the analysts maintain.

Related: Veteran fund manager picks favorite stocks for 2024

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Disney remote jobs: the most magical WFH careers on earth?

Disney employs hundreds of thousands of employees at its theme parks and elsewhere, but the entertainment giant also offers opportunities for remote w…

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The Walt Disney Co. (DIS)  is a major entertainment and media company that operates amusement parks, produces movies and television shows, airs news and sports programs, and sells Mickey Mouse and Star Wars merchandise at its retail stores across the U.S.

While most of the jobs at the multinational entertainment conglomerate require working with people — such as at its theme parks, film-production facilities, cruise ships, or corporate offices — there are also opportunities for remote work at Disney. And while remote typically means working from home, with Disney, it could also mean working in a non-corporate office and being able to move from one location to another and conduct business outside normal working hours.

Related: Target remote jobs: What type of work and how much does it pay?

What remote jobs are available at Disney?

Many companies, including Disney, have called employees to return to the office for work in the wake of the COVID-19 pandemic, and the bulk of the company’s positions are forward-facing, meaning they involve meeting with clients and customers on a regular basis. 

Still, there are some jobs at the “most magical company on earth” that are listed as remote and don’t require frequent in-person interaction with people, including opportunities in data entry and sales.

While thousands work in forward-facing positions, such as greeting customers at Disney’s theme parks around the world, there are some positions with the Walt Disney Co. that allow work to be done remotely.

Orlando Sentinel/Getty Images

On Disney’s career website, there are limited positions available where the work is completely remote. One listing, for example, is for a “graphics interface coordinator covering sporting events.” This role involves working on nights, weekends, and holidays — times when corporate offices tend to be closed — and it may make sense for the company to hire people who can work from home or to travel and work in a location separate from the game venue.

Some of the senior roles that are shown on the website involve managers who can oversee remote teams, whether that be in sales or data. Sometimes, a supervisor overseeing staff who work outside corporate offices may be responsible for hiring freelancers who work remotely.

On the employment website Indeed, there are limited positions listed. A job listing for a manager in enterprise underwriting for a federal credit union indicates weekend duty, working outside of an 8 a.m. to 5 p.m. schedule, and being able to work in different locations. The listed annual salary range of $84,960 to $132,000, though, is well above the national annual average of around $50,000.

Internationally, Disney offers remote work in India, largely in the field of software development for its India-based streaming platform, Disney+ Hotstar.

The company also offers some hybrid schemes, which involve a mixture of in-office and remote work. For a mid-level animator position based in San Francisco, the role would involve being in the office and working from home occasionally.

How much do remote jobs at Disney pay?

Pay for remote jobs at Disney varies significantly based on location. A salary for a freelance artist in New York City, for example, may be higher than for the same job in Orlando, Florida. 

Disney lists actual salary ranges in some of its job postings. For example, the yearly pay for a California-based compensation manager who works with clients is $129,000 to $165,000.

In an online search for “remote jobs at Disney,” results range from $30 to $39 an hour, for data entry, or $28.50 to $38 an hour for social media customer support.

How can I apply for remote jobs at Disney?

You can look for remote jobs on Disney's career site, and type “remote” in the search field. Listings may also appear on career-data websites, including Indeed and Glassdoor.

How many employees does Disney have?

In 2023, Disney employed about 225,000 people globally, of which around 77% were full-time, 16% part-time, and 7% seasonal. The majority of the workers, around 167,000, were in the U.S.

Disney says that a significant number of its employees, including many of those who work at its theme parks, along with most writers, directors, actors, and production personnel, belong to unions. It’s not immediately known how many remote workers at the company, if any, are union members. 

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