Chris Ratcliffe | Bloomberg | Getty Images Gold fell to its lowest since mid August on Monday as rising U.S. Treasury yields pushed the dollar higher, while concerns over violence during Catalonia's independence vote at the weekend weighed on the euro. Expectations that the Federal Reserve will push ahead with a third U.S. interest rate hike this year, upbeat U.S. data and talk of a possibly more hawkish successor to Fed Chair Janet Yellen all lifted Treasury yields. Rising yields tend to weigh on non-interest bearing gold, while strength in the dollar makes assets priced in the U.S. currency more expensive for buyers holding other currencies. Spot gold was down 0.37 percent at $1,274.42 an ounce, having earlier touched a near seven-week low at $1,270.60 an ounce. U.S. gold futures for December delivery settled down at … [Read more...] about Gold hits near 7-week low as rising US yields lift dollar
Stockbyte Gold fell about 1 percent to its lowest in nearly four weeks on Thursday, shrugging off further weakness in the dollar, after the Federal Reserve signaled it was on track to raise U.S. interest rates again in December. The metal is highly sensitive to rising U.S. rates, which boost the cost of holding non-yielding bullion relative to other assets, while lifting the dollar, in which it is priced. Spot gold was down 0.79 percent at $1,290.73 an ounce by 3:55 p.m. EDT, having earlier touched its lowest since late August 25 at $1,287.61. U.S. gold futures for December delivery settled at $1,294, down 1.7 percent. "It's follow through from yesterday ... I think the tone people are thinking about is that it's hawkish enough," said Rob Haworth, senior … [Read more...] about Gold falls to near 4-week low as Fed signals December rate hike
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?
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?
Getty Images Gold prices held steady around near two-week lows early on Monday, under pressure from a rebound in the U.S. dollar after stronger-than-expected U.S. jobs data last week. Fundamentals Spot gold was little changed at $1,257.31 per ounce at 0044 GMT. On Friday, it touched its lowest in more than a week and registered its first weekly decline in four. U.S. gold futures for December delivery fell 0.1 percent to $1,263.00 per ounce. The dollar stood tall on Monday after an upbeat U.S. jobs report lifted it off 15-month lows, with data lined up this week seen as key to whether the greenback's rebound could be … [Read more...] about Gold prices steady at near 2-week low on firmer dollar
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. More From Fool.com 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 -- … [Read more...] about Is CenturyLink Stock a Buy Near 52-Week Lows? By Steve Symington Published April 05, 2017 Markets Fool.com
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