Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
The following originally appeared on Finbox.io
Good Start To Q2'17 Earnings Season
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The market has been pleasantly surprised after two weeks of companies reporting Q2'17 earnings. According to Zacks Investment Research, earnings and revenue growth are tracking below Q1'17 results but the number of companies that have beat their estimates so far is notably above historical levels. As a result, all major indices are trading near their all-time highs.
A few notable constituents of the Dow Jones Industrial Average that most recently beat both earnings and revenue estimates include McDonald's Corporation (NYSE:MCD), Caterpillar Inc (NYSE:CAT) and E I Du Pont De Nemours And Co (NYSE: DD). All three stocks are trading near their all-time highs following their earnings announcement. All three companies also happen to operate in three completely separate sectors (consumer discretionary, industrials and materials). This may indicate a healthy economic environment which would bode well for companies that have yet to report their Q2'17 figures.
The following stocks could all trade significantly higher following an earnings beat next week.
Five Undervalued Stocks Reporting Next Week
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There are 1,048 companies expected to report earnings next week (7/31 - 8/4) where finbox.io calculates a fair value estimate and only a handful appear to be fundamentally undervalued. Our intrinsic value data from this stock screen highlights five companies with 20% or more upside: Spirit Aerosystems (NYSE:SPR), Viacom, Inc. (NASDAQ:VIAB), Ingredion Inc (NYSE:INGR), ARRIS International plc (NASDAQ:ARRS) and Archer Daniels Midland Company (NYSE:ADM).
Spirit Aerosystems designs and manufactures commercial aero structures worldwide. The company is expected to report earnings next Wednesday, August 2nd and currently has a finbox.io fair value of $79.21 that implies 30% upside.
Although Spirit trades near its 52-week high, its valuation multiples generally trade at a discount to its peers: Rockwell Collins, Inc. (NYSE:COL), L-3 Communications Inc (NYSE:LLL) and Huntington Ingalls Industries Inc (NYSE:HII). The company's LTM EBITDA multiple of 8.6x is below COL (15.3x), LLL (13.2x) and HII (9.7x).
Viacom operates as media brand worldwide and is expected to report its Q2'17 figures next Thursday, August 3rd. Ten separate valuation models calculate an average intrinsic value of $46.65 for the stock which implies 29% upside. This is slightly above the average Wall Street price target of $44.27.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.