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Kimball International Ranked Among Today’s Trending Stocks As Investors Kick Off September Trading Month

The stock market powered out its seventh straight month of gains in August, with each major benchmark closing out the end of summer slightly below their respective all-time highs. 

But while the stock market celebrates over half a year of upside, concerns about the delta variant have many companies reconsidering their reopening approach. Just this week, Alphabet – Google’s parent company – pushed back its return to office policy to January from mid-October. Additionally, major players such as Facebook, Amazon
AMZN
, and Apple
AAPL
also publicly reconsidering their approach. 

And with the FDA granting Pfizer’s Covid-19 vaccine full approval this month, many companies are instituting vaccine mandates or increased health insurance premiums to compensate with the uptick in cases. 

And with the nitty gritty out of the way, let’s dive into the reason you’re here: Q.ai’s daily trending stock list. 

Q.ai runs factor daily models to get the most up-to-date reading on stocks and ETFs. Our deep-learning algorithms use Artificial Intelligence (AI) technology to provide an in-depth, intelligence-based look at a company – so you don’t have to do the digging yourself. 

Sign up for the free Forbes AI Investor newsletter here to join an exclusive AI investing community and get premium investing ideas before markets open.

Kimball International, Inc (KBAL)

Kimball International, Inc nicked down 1.9% Monday to $12.05 per share, closing out the day with nearly 87,000 trades on the docket. The stock sits up 4.6% for the year and trades at 32.8x forward earnings. 

Kimball International is an omnichannel furnishings company that operates out of several brands, including Kimball, National, and Kimball Hospitality. The company touts its “deep expertise” in the workplace, health, and hospitality markets. 

Kimball International is trending this week after reporting its Q4 2021 and fiscal year-end financial results. The company announced net sales of $146.2 million for the quarter, with a net income of $7.4 million and diluted per-share earnings of 20 cents. All in all, Kimball’s annual performance came in at $569 million compared to $727.9 million in the year-ago quarter, with a net income for the year of $13 million. 

Over the last three fiscal years, Kimball’s revenue has shrunk from $768 million to $569 million, largely pushed down by pandemic-related pressures. Meanwhile, operating income plunged from $53 million to $4.8 million while per-share earnings slumped to 20 cents compared to $1.06. Return on equity also fell from 19.2% to 3%. 

Currently, our AI rates Kimball International B in Technicals and Quality Value, C in Low Volatility Momentum, and D in Growth. 

Pactiv Evergreen, Inc (PTVE)

Pactiv Evergreen, Inc dropped 3.3% Monday to close out the day at $13.76 per share with just under 80,000 trades on the day. The stock is trending 20 cents below its 10-day price average. Currently, Pactiv Evergreen sits down 24% for the year and trades at 10x forward earnings. 

Pactiv Evergreen is one of the largest manufacturers and distributors of food packaging and food service products. This North America-based business makes and sells items such as food containers, trays, wraps, and catering packaging, drinkware, and sustainable options. 

This food servicer entrepreneur has trended on and off since reporting its Q2 2021 earnings results on 5 August. The company reported net revenue of $1.35 billion, up 22% YOY, with net income of $8 million. Management also highlighted its continuing goals to reduce emissions, energy and water use, and waste headed to landfills as a result of its activities. 

Over the last three fiscal years, Pactiv Evergreen’s revenue plunged from $5.3 billion to $4.69 billion, with operating income falling to $349 million from $516 million in the period. Additionally, per-share earnings plummeted from $2.07 to just 18 cents, with return on equity slipping from 3.7% to 0.6%. 

At this time, Pactiv Evergreen is expected to see around 0.7% revenue growth in the next year. Our AI rates this company C in Low Volatility Momentum and Quality Value and D in Technicals and Growth. 

The Boeing Company (BA) 

The Boeing Company dropped 1.8% Monday to end the session at $217.66 per share. The stock changed hands 7.6 million times on the day to a final price $8 below the 22-day average. Currently, Boeing trades up 1.7% for the year at 58x forward earnings. 

The oft-beleaguered airplane manufacturer is at it again. On Monday, the FAA reported that it continues to review Boeing’s 777 planes with the engine type that blew apart after takeoff out of Denver way back in February. At this time, the FAA offered no timeline on when the airline maker – or its customers – could expect the 777 to take to the skies once more. 

And to add insult to injury, rival Airbus nabbed a $4.9 billion jet order from one of Boeing’s customers over the weekend. The action comes as regulators over the summer suspended tariffs that resulted from a 17-year trade dispute between the two entities involving illegal subsidies. 

Over the last three fiscal years, Boeing’s revenue plunged by almost half to $58 billion compared to $101 billion three years prior. Meanwhile, operating income fell from $11.8 billion to $8.7 billion, with return on equity plummeting from 985% to nonexistent. At the same time, per-share earnings actually rose from $17.85 to $20.88. 

At this time, Boeing is expected to see revenue growth around 15.5% in the next 12 months. Our AI rates Boeing C in Technicals, D in Low Volatility Momentum, and F in Growth and Quality Value. 

Entergy Corporation (ETR)

Entergy Corporation slipped 2% Monday to $109.36 per share, closing out the session on the back of 3 million trades. The stock sits up 9.5% for the year, though below its 10-day price average of $112.29. Currently, Entergy trades at 17.9x forward earnings. 

Entergy Corporation is a publicly traded Fortune 500 company that produces and distributes electric power in the Deep South of the United States. The company is the second-largest nuclear generator in the United States, with a half-dozen nuclear units to its name. Entergy also produces electricity via natural gas, coal, oil, and hydroelectric operations across 40 plants. 

The company is trending this week after Hurricane Ida ravaged Louisiana power grids, knocking out 216 substations and 2,000 miles of transmission lines out of commission. To date, hundreds of thousands of homes and businesses are without power, with many expected to stay that way for weeks. Ida marks the second Category 4 storm in as many years to put Entergy’s Louisiana equipment on the line. 

Over the last three fiscal years, Entergy’s revenue has slipped from $11 billion to $10 billion, though operating income rose from $1.14 billion to $1.86 billion. At the same time, per-share earnings surged from $4.63 to $6.90 while return on equity leapt from 9.8% to 12.8%. 

Currently, Entergy’s 12-month revenue is expected to grow around 1.3%. Our AI rates this trending energy stock B in Technicals and Low Volatility Momentum, C in Quality Value, and F in Growth. 

Denbury, Inc (DEN)

Denbury, Inc plummeted 2.4% on Monday to $69.42 per share, closing out the day with 350,000 trades on the docket. The stock is trading $2.50 over its 10-day price average and sits up 170.2% for the year. Currently, Denbury trade at 20.4x forward earnings. 

Denbury, Inc. is an independent energy company that operates in the Gulf Coast and Rocky Mountain regions. The company maintains a focus on captured CO2 as well as its oil and natural gas reserves in key locations. 

Like Entergy, Denbury is trending this week after Ida ravages Louisiana, potentially threatening Denbury’s pipelines and other sources of production and distribution. However, Denbury has yet to comment on Ida’s impacts on its business. 

Over the last few years, Denbury’s revenue plunged to half its value, from $1.47 billion three years ago to $750 million in the last year. In the same period, operating income plunged from $480 million to $40 million. However, per-share earnings shot up from 71 cents to $4.02 in the period, with return on equity surging from 36% to 120%. 

At this time, Denbury is expected to see around 21.3% revenue growth in the next year. Our AI rates this energy company C in Technicals and Low Volatility Momentum and D in Growth and Quality Value. 

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