The deal also comes with a 15-year fuel supply agreement under which Marathon Petroleum will supply 7.7 billion gallons of gasoline per year to 7-Eleven, thus ensuring a steady revenue stream. MPC’s $21 billion sales of its Speedway retail business provided it with a much-needed cash infusion. Marathon Petroleum is poised for further price gains based on a slew of positives. NUE has a current dividend yield of 1.80%. The Zacks Consensus Estimate for current-year earnings improved 17.1% over the last 30 days. Nucor has an expected earnings growth rate of 28.5% for the current-year. Higher steel prices due to tight supply and higher end-market demand should also drive Nucor’s margins. NUE remains focused on achieving greater penetration of the automotive market because of the segment’s long-term growth opportunities. NUE is also seeing strong momentum in the non-residential construction market and strong demand in the heavy equipment market. These should drive growth and strengthen Nucor’s position as a low-cost producer. NUE has already commissioned some of its growth projects. Nucor is committed to expanding its production capabilities and growing its business through strategic acquisitions. DELL has a current dividend yield of 2.63%.
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The Zacks Consensus Estimate for current-year earnings has improved 8% over the last 30 days. The DSG segment includes systems management, security software solutions and information management software offerings.ĭell Technologies has an expected earnings growth rate of 13.1% for the current year (ending January 2023). The ESG segment includes servers, networking and storage as well as services and third-party software and peripherals of ESG hardware. The CS segment includes sales to commercial and consumer customers of desktops, thin client products, notebooks as well as services and third-party software and peripherals of Client Solutions hardware. DELL’s operating segment consists of Client Solutions CS), Enterprise Solutions Group (ESG) and Dell Software Group (DSG). The chart below shows the price performance of our five picks in the past month.ĭell Technologies offers personal computers, computer hardware, and cloud and data management services. You can see the complete list of today’s Zacks #1 Rank stocks here. Finally, each of our picks carries a Zacks Rank #1 (Strong Buy) and a VGM Style Score of A. Moreover, these companies are regular dividend payers. These stocks have seen positive earnings estimate revisions in the last 30 days. large-cap corporates with strong growth potential for the rest of 2022. Even if there is a recession, the effect may be mild. economy may not fall into a recession anytime soon despite slowing GDP growth. Moreover, recently, several major investment bankers and portfolio managers have said that the U.S. Therefore, a sharp short-covering is expected that is likely to strengthen the rally. Most of these stocks have significant short build-up in the first half. Although we are not expecting a rebound from the current bear market anytime soon, a pullback is long overdue as equities are highly lucrative at their current valuations.
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Major institutional investors generally rebalance their portfolio at this time. This week will end the second-quarter as well as the first-half of 2022 and will start the third-quarter and the second-half of 2022. In fact, for a large section of the equity market, chances of a further decline are limited. Despite the rally, year to date, the Dow, the S&P 500 and the Nasdaq Composite have tumbled 13.3%, 17.9% and 25.8%, respectively.Īt the same time, the valuation of most of the stocks, irrespective of market capitalization, sector and industry, has corrected significantly. The three major stock indexes – the Dow, the S&P 500 and the Nasdaq Composite – have rallied 5.4%, 6.55 and 7.5%, respectively. Last week was an impressive one for Wall Street. ( KR Quick Quote KR - Free Report) and Valero Energy Corp. ( MPC Quick Quote MPC - Free Report), The Kroger Co. ( NUE Quick Quote NUE - Free Report), Marathon Petroleum Corp. ( DELL Quick Quote DELL - Free Report), Nucor Corp. Five of them are - Dell Technologies Inc. At this stage, it will be prudent to invest in beaten-down large-cap stocks with a favorable Zacks Rank. However, this relief rally is likely to extend in the near-term. Wall Street is currently in a bear market. In the week prior to last week, these indexes posted their worst weekly performances since 2020. Wall Street remained extremely volatile in the first half of 2022 and is heading toward one of its worst performances after World War II. Market participants got a pleasant surprise last week as the major stocks indexes recorded their second-best weekly performance in 2022.