It's been a brutal year for Ambarella (NASDAQ: AMBA) investors. The chipmaker's stock plunged nearly 40% over the past 12 months, and currently hovers near a 52-week low. But investors looking at Ambarella's top and bottom line growth might initially be baffled since it posted positive year-over-year revenue growth over the past four quarters while beating analyst estimates on the top and bottom lines. But looking ahead, analysts expect Ambarella's revenue and non-GAAP earnings to respectively fall 5% and 35% this year -- compared to a 2% sales drop and 12% earnings decline last year. Those numbers look dismal for a stock that trades at 24 times earnings, which is higher than the industry average P/E of 23 for semiconductor equipment makers. However, some contrarian investors might be wondering if the market has been too hard on Ambarella. To figure that out, … [Read more...] about Should You Buy Ambarella at a 52-Week Low?
How high can they go? That's the most pressing question for five stocks that recently hit 52-week highs. Autohome (NYSE: ATHM), Brookfield Infrastructure Parners (NYSE: BIP), Myriad Genetics (NASDAQ: MYGN), Procter & Gamble (NYSE: PG), and Weibo (NASDAQ: WB) each accomplished the feat. Three of them -- all but Myriad and Procter & Gamble -- set all-time highs. But are these high-flying stocks smart picks for investors right now? Autohome is the leading internet car-buying website in China. The company has been growing earnings at a dizzying pace, with year-over-year earnings growth of nearly 50% in the second quarter. Autohome also beat expectations in the quarter, with revenue growth of more than 13%. The company's continued innovation should allow Autohome to cement its position in the Chinese auto market. Autohome … [Read more...] about 5 Stocks at 52-Week Highs: Are They Buys?
Even blue-chip stocks can get the blues. Three stocks of large companies that have been around a long time recently hit 52-week lows. Ford (NYSE: F), General Electric (NYSE: GE), and International Business Machines (NYSE: IBM) are struggling, but for different reasons. And they're doing so at the same time the overall market indexes have set new record highs. With their depressed share prices, are Ford, General Electric (GE), and International Business Machines (IBM) now bargains? Or are they busts? Ford's stock decline began around three years ago. However, it hasn't been as a result of sinking sales: Ford's revenue increased solidly during the period. However, the company's quarterly bottom-line performance has been all over the map. Probably the biggest factor behind Ford's woes, though, relates to … [Read more...] about 3 Blue-Chip Stocks at 52-Week Lows: Bargains or Busts?
Gold prices rose on Tuesday after hitting a five-week low as the dollar steadied after reaching a 3-week peak following hawkish comments from an influential U.S. Federal Reserve official. New York Fed President William Dudley said on Monday that labor market tightness should help drive up inflation, reinforcing the message that recent weak data is unlikely to derail plans to keep raising interest rates. The greenback had a further lift on Tuesday following dovish comments from Bank of England Governor Mark Carney, but later gave back gains to trade little changed versus a basket of major currencies. "It (another rate hike) is not entirely unlikely. Gold from now to the end of the year could see slight drops, especially if (on top of Fed hikes) the European Central Bank starts tapering its bond buying program," … [Read more...] about Gold recovers after hitting 5-week low on dollar rally
Gold hit four-week lows on Monday as the dollar held firm and the market waited for comments from a top Federal Reserve official on U.S. monetary policy, but prices were supported by the start of talks on the terms of Britain's departure from the European Union. Spot gold was down 0.71 percent at $1,247.41 an ounce, down from an earlier $1,248.63, its lowest since May 24. U.S. gold futures settled at $1,246.70, down $9.80. New York Fed President William Dudley is due to take part in a roundtable with local business leaders later on Monday. Dudley's comments, if hawkish, could reinforce the dollar's uptrend, which when it rises makes dollar-denominated commodities more expensive for holders of other currencies, potentially weakening demand. … [Read more...] about Gold hits 4-week low on firm dollar, Brexit talks lend support
The industrials sector is producing huge surprises this earnings season, what with so many stocks soaring on strong numbers to hit 52-week highs. Three big names, in particular, have caught my attention --Caterpillar Inc. (NYSE: CAT), Illinois Tool Works (NYSE: ITW), and CSX Corp. (NASDAQ: CSX) -- offering up an excellent opportunity to find out what's triggering the rally and if any of these stocks is a buy. Wait, buy at 52-week highs? Yes, you read that right, because it's a mistaken notion that all stocks at 52-week highs are overvalued and bound to fall back. Some stocks can still be fairly priced or even underpriced and can continue to run even higher, especially if they're bouncing off a down cycle. So you could miss out on substantial gains if you blindly overlook stocks hitting fresh 52-week highs. Image source: Getty Images. With that in mind, let's do a quick roundup of the earnings and valuation for Caterpillar, Illinois Tool Works, and CSX, and see which one is worth your … [Read more...] about 3 Big Industrial Stocks Just Hit 52-Week Highs: Why This One Is a Buy
Are there any investors who don't love a bargain-priced stock? The trick, of course, comes in separating the stocks that are cheap for legitimate (bad) reasons from the ones that are cheap because the market has overlooked something good. We asked three of our Fool contributors to name their favorite cheap-because-they're-overlooked stocks now. Here's why they likeFord Motor Company (NYSE: F),Gilead Sciences(NASDAQ: GILD), and Genuine Parts Company(NYSE: GPC)at recent prices. Its advanced autonomous-vehicle program is just one of several reasons to like Ford's stock now. Image source: Ford Motor Company. A fatdividend and surprising growthpotential More From Fool.com John Rosevear (Ford Motor Company): As I write this, Ford is trading at about 3% above its 52-week low. As near as I can tell, value-minded investors have passed on the Blue Oval recently for three reasons: Even though it's near its 52-week low, Ford is still trading at 9.9 times its 2016 net earnings, which seems like … [Read more...] about 3 Stocks to Buy Near 52-Week Lows
Shares of CenturyLink (NYSE: CTL) have fallen nearly 25% over the past year as of this writing, and trade within spitting distance of 52-week lows. Most recently, CenturyLink stock came under pressure amid mixed signals from multiple analysts on Wall Street. Conflicting opinions Two weeks ago, for example, Goldman Sachs analyst Brett Feldman reiterated his sell rating on CenturyLink stock. Feldman simultaneously reduced his per-share price target to $19 from $21, representing a more than 20% discount from current levels. To justify his more bearish stance, Feldman noted he had reduced his estimates for both earnings and discounted cash flow going forward. IMAGE SOURCE: CENTURYLINK. Meanwhile, analysts at JPMorgan expressed a different stance earlier this week, arguing CenturyLink is undervalued relative to its peers and should be poised to outperform. JPMorgan also noted CenturyLink's dividend -- which currently sports an uncomfortably high 9.15% annual yield -- should remain … [Read more...] about Is CenturyLink Stock a Buy Near 52-Week Lows?
When a stock carves out a new 52-week low, there's no guarantee that it's a good deal. Sure, the price is lower than it's been over the past year, but there's often a good reason for the decline. In some cases the market goes too far, beating down a stock beyond what can be justified by the fundamentals. Zoe's Kitchen (NYSE: ZOES),Â Monster Beverage (NASDAQ: MNST),Â Bed Bath & BeyondÂ (NASDAQ: BBBY), andÂ Occidental PetroleumÂ (NYSE: OXY) are four good examples of stocks that could be in for major recoveries. This restaurant isÂ downÂ but not out Brian FeroldiÂ (Zoe'sÂ Kitchen): Investors in the Mediterranean-inspiredÂ fast-food chainÂ Zoe's Kitchen have had a rough couple of months. Same-store sales growth has decelerated and management was forced to cut its full-year 2016 guidance. Add in rising labor costsÂ that are weighing on profits, and it's understandable that growth investors have been dumping their … [Read more...] about 4 Stocks to Buy Near 52-Week Lows Business Markets and Stocks News
With U.S. stock markets trading near their all-time highs, many companies' valuations have become a bit stretched. But there are always bargains to be found if you are willing to turn over enough rocks. We asked a team of Fools to highlight a stock trading near its 52-week low that they think is worth buying today. Read on to see why they pickedAmerican Outdoor Brands (NASDAQ: AOBC), Gilead Sciences (NASDAQ: GILD), CVS Health (NYSE: CVS), and Ford (NYSE: F). Image source: Getty Images. This stock is under fire, but it's fighting back Dan Caplinger (American Outdoor Brands): American Outdoor Brands isn't a familiar name to most investors, but the company formerly known as Smith & Wesson is well known as a premier gun manufacturer. The company decided to change its name to highlight that it makes a variety of other products in addition to its extensive gun offerings, such as laser sighting systems, knives, tree saws, and tactical lighting products. Moreover, American Outdoor Brands … [Read more...] about 4 Stocks to Buy Near 52-Week Lows