The second quarter is turning out to be a really strong quarter overall. The broad trends are pretty clear from here with the S&P 500 (as a representative group) showing big revenue increases and smaller earnings beats than we have been seeing of late.
But some companies have stood out from the rest, reporting record revenue and earnings with more to come. And this has happened despite the supply-side constraints because demand has been overwhelmingly strong.
The delta variant remains a concern however, which could be why some stocks are still undervalued. And to be undervalued on the basis of earnings growth is actually an investment opportunity.
Here are a few examples-
Dillard’s, Inc. (DDS Quick QuoteDDS )
Dillard’s is a large departmental store chain featuring fashion apparel and home furnishings. As of Jul 31, 2021, it had about 249 namesake outlets and 31 clearance centers across 29 states mainly in the Southwest, Southeast and Midwest regions of the United States. Merchandize is also sold through the Internet at www.dillards.com.
Hot Undervalued Stocks To Invest In 2023: Square, Inc.(SQ)
Square, Inc. develops and provides point-of-sale software worldwide. It provides Square Register, a point-of-sale system that takes care of digital receipts, inventory, and sales reports, as well as provides analytics and feedback. The company serves big and small businesses from bakeries to retailers. Its product, Square Register, is available in the App Store and on Google Play, and it is designed to run on a smartphone or tablet, and on counter. Square, Inc. is headquartered in San Francisco, California.
- [By Max Byerly]
Sapience Investments LLC lessened its stake in shares of Corecivic Inc (NYSE:CXW) by 3.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 340,070 shares of the real estate investment trust’s stock after selling 11,450 shares during the quarter. Sapience Investments LLC owned about 0.29% of Corecivic worth $6,063,000 at the end of the most recent reporting period.
- [By Logan Wallace]
Daiwa Securities Group Inc. increased its position in Corecivic Inc (NYSE:CXW) by 4.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 18,535 shares of the real estate investment trust’s stock after acquiring an additional 800 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Corecivic were worth $330,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Hot Undervalued Stocks To Invest In 2023: Ultra Clean Holdings, Inc.(UCTT)
Ultra Clean Holdings, Inc. (“UCT”, the “Company” or “We”) was founded in November 2002 for the purpose of acquiring Ultra Clean Technology Systems and Services, Inc. Ultra Clean Technology Systems and Service, Inc. was founded in 1991 by Mitsubishi Corporation and was operated as a subsidiary of Mitsubishi until November 2002, when it was acquired by UCT. UCT became a publicly traded company in March 2004. In June 2006, we completed the acquisition of Sieger Engineering, Inc. to better enhance our position as a subsystem supplier to the semiconductor, research, flat panel, energy and medical equipment industries. Ultra Clean Technology (Shanghai) Co., Ltd and Ultra Clean Micro-Electronics Equipment (Shanghai) Co., Ltd. were established in 2005 and 2007, respectively, to facilitate our operations in China. Ultra Clean Asia Pacific, Pte, Ltd. was established in 2008 to facilitate our operations in Singapore. Advisors’ Opinion:
- [By Stephan Byrd]
ValuEngine downgraded shares of Ultra Clean (NASDAQ:UCTT) from a hold rating to a sell rating in a research report sent to investors on Saturday.
Several other equities research analysts have also commented on the stock. Craig Hallum lowered shares of Ultra Clean from a buy rating to a hold rating in a report on Friday, February 22nd. Needham & Company LLC reaffirmed a buy rating and issued a $15.00 price target (up from $13.00) on shares of Ultra Clean in a report on Friday, February 22nd. Finally, BidaskClub lowered shares of Ultra Clean from a buy rating to a hold rating in a report on Friday, March 1st. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $20.60.
- [By Stephan Byrd]
Shares of Ultra Clean Holdings Inc (NASDAQ:UCTT) have been assigned a consensus recommendation of “Hold” from the nine research firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $22.67.
- [By Motley Fool Transcribing]
Ultra Clean Holdings (NASDAQ:UCTT) Q4 2018 Earnings Conference CallFeb. 21, 2019 4:45 p.m. ET
Prepared Remarks Questions and Answers Call Participants