Markets
News
Analysis
User
24/7
Economic Calendar
Education
Data
- Names
- Latest
- Prev
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
A:--
F: --
P: --
A:--
F: --
A:--
F: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
No matching data
Latest Views
Latest Views
Trending Topics
To quickly learn market dynamics and follow market focuses in 15 min.
In the world of mankind, there will not be a statement without any position, nor a remark without any purpose.
Inflation, exchange rates, and the economy shape the policy decisions of central banks; the attitudes and words of central bank officials also influence the actions of market traders.
Money makes the world go round and currency is a permanent commodity. The forex market is full of surprises and expectations.
Top Columnists
Enjoy exciting activities, right here at FastBull.
The latest breaking news and the global financial events.
I have 5 years of experience in financial analysis, especially in aspects of macro developments and medium and long-term trend judgment. My focus is maily on the developments of the Middle East, emerging markets, coal, wheat and other agricultural products.
BeingTrader chief Trading Coach & Speaker, 8+ years of experience in the forex market trading mainly XAUUSD, EUR/USD, GBP/USD, USD/JPY, and Crude Oil. A confident trader and analyst who aims to explore various opportunities and guide investors in the market. As an analyst I am looking to enhance the trader’s experience by supporting them with sufficient data and signals.
Latest Update
Risk Warning on Trading HK Stocks
Despite Hong Kong's robust legal and regulatory framework, its stock market still faces unique risks and challenges, such as currency fluctuations due to the Hong Kong dollar's peg to the US dollar and the impact of mainland China's policy changes and economic conditions on Hong Kong stocks.
HK Stock Trading Fees and Taxation
Trading costs in the Hong Kong stock market include transaction fees, stamp duty, settlement charges, and currency conversion fees for foreign investors. Additionally, taxes may apply based on local regulations.
HK Non-Essential Consumer Goods Industry
The Hong Kong stock market encompasses non-essential consumption sectors like automotive, education, tourism, catering, and apparel. Of the 643 listed companies, 35% are mainland Chinese, making up 65% of the total market capitalization. Thus, it's heavily influenced by the Chinese economy.
HK Real Estate Industry
In recent years, the real estate and construction sector's share in the Hong Kong stock index has notably decreased. Nevertheless, as of 2022, it retains around 10% market share, covering real estate development, construction engineering, investment, and property management.
Hongkong, China
Ho Chi Minh, Vietnam
Dubai, UAE
Lagos, Nigeria
Cairo, Egypt
White Label
Data API
Web Plug-ins
Affiliate Program
View All
No data
Not Logged In
Log in to access more features
FastBull Membership
Not yet
Purchase
Log In
Sign Up
Hongkong, China
Ho Chi Minh, Vietnam
Dubai, UAE
Lagos, Nigeria
Cairo, Egypt
White Label
Data API
Web Plug-ins
Affiliate Program
Robotics companies are no longer merely theoretical concepts. They are quickly becoming central to the transformation of industries around the world. Robotics adoption is increasing across industries such as manufacturing, healthcare, logistics, and retail, thanks to technological advancements in artificial intelligence (AI).
As businesses increasingly rely on automation to streamline operations and cut costs, robotics companies are emerging as major players with the potential to reshape the global economy. Symbotic is one of the emerging players in this space. It is best known for its cutting-edge AI-powered robotic systems, which improve supply chain and warehouse management. SYM stock rose an impressive 329% in 2023, powered by strong revenue growth.
However, SYM stock has fallen 55.7% so far this year, while the S&P 500 Index has gained 18%. Nonetheless, Wall Street believes the stock could potentially climb by 88.9% over the next 12 months.
Surge in Automation Boosts Symbotic’s Financials
The rise of e-commerce and the COVID-19 pandemic highlighted the importance of automation due to the scarcity of manual labor. Warehouse automation, powered by robots, has become an essential component in ensuring the smooth operation of supply chains.
Symbotic’s end-to-end, AI-powered robotics and software platform can pick, sort, and pack goods with minimal human intervention. Symbotic's collaboration with global retailer Walmart has been a critical growth driver. Walmart has invested heavily in Symbotic's AI and robotic automation technology, with an 11% stake in the company. Symbotic's robotic systems will be installed in 42 of Walmart's distribution centers across the nation, with the goal of reducing costs and increasing efficiency.
Other customers include Target , Albertsons , Giant Tiger, Associated Food Stores, and many others. In the third quarter of fiscal 2024, total revenue at Symbotic increased by 57.7% to $492 million. While this is impressive, third quarter growth was lower compared to the first two quarters of fiscal 2024. Notably, total revenue increased by 78% in Q1 and 59% in Q2.
Management stated that the revenue slowdown is due to Symbotic improving its deployment process, which included ramping up five new systems in Q3. According to management, this should result in increased revenue in the first quarter of fiscal 2025.
Symbotic currently has 21 fully operational systems. Furthermore, its backlog of committed contracted orders totaled $22.8 billion.
Despite strong revenue growth, Symbotic is still working to maintain profitability. Its fiscal Q3 net loss of $0.02 per share came in lower compared to the year-ago quarter net loss of $0.07. High R&D costs and the significant capital required to scale its technology may have an impact on the company's financials in the short term. However, this is not unusual for a growing company.
While the current quarter was not profitable, the consensus estimate for the fourth quarter is a profit of $0.02. Recently, the company acquired all assets of industrial robot maker Veo Robotics. Symbotic expects the integration of Veo’s FreeMove 3D depth-sensing computer vision system into its warehouse automation system will enhance productivity.
Analysts who cover SYM anticipate significant revenue growth in the coming years. In 2024, the company's revenue could increase by 49.3% to $1.7 billion, with an additional 35.8% growth in 2025.
Moreover, analysts also expect the company to report a profit of $0.18 in 2024, up from a loss of $0.37 in 2023. Furthermore, earnings are expected to rise 161.1% to $0.46 in 2025.
What Does Wall Street Say About Symbotic Stock?
Recently, Craig-Hallum analyst Greg Palm assigned a “buy” rating for SYM stock. Separately, TD Cowen analyst Joseph Giordano maintained a “buy” rating on the stock with a price target of $43.
Overall, Wall Street remains bullish on Symbotic stock, with an overall “moderate buy” rating. Out of the 16 analysts in coverage, nine have a “strong buy” recommendation, two propose a “moderate buy,” four rate it a “hold,” and one suggests a “strong sell.”
Based on analysts' average price target of $42.93, Wall Street expects a potential upside of about 89% in the next 12 months. Plus, the Street-high target estimate of $60 implies the stock could climb by 164% from current levels.
Priced at 1.25x forward sales, SYM stock seems cheap for the hypergrowth expected in the industrial automation industry.
The Bottom Line on Symbotic Stock
The global warehouse automation market is expected to grow at a compound annual growth rate (CAGR) of 16.2% from 2024 to 2029, reaching $54.5 billion. As a market leader, Symbotic is well-positioned to capitalize on this trend. The company's strong partnerships with retail giants, cutting-edge technology, and expanding market presence lay the groundwork for future growth.
Furthermore, as other industries move toward automation, Symbotic will be able to capitalize on new growth opportunities.
No doubt, SYM's short-term prospects appear appealing and attainable. That said, growth stocks also carry risks. Symbotic's stock may offer significant upside to those with a long-term investment horizon and a belief in the ongoing evolution of automation as the company scales its operations and expands its reach across industries.
On the date of publication, Sushree Mohanty did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
September is often marked by increased market volatility, a phenomenon known as the "September Effect," which can lead to declines in equity markets due to economic factors, investor caution or profit-taking. This year, the stakes are even higher as the market closely watches the Federal Reserve’s two-day meeting starting Tuesday, where policymakers are expected to announce the first interest rate cut in more than four years.
A Fed rate cut, seen as a move to stimulate economic growth, could provide a temporary boost, but it also signals underlying concerns about the broader economy. In this context, blue-chip retail stocks, such as Walmart Inc. WMT, Costco Wholesale Corporation COST and The Home Depot, Inc. HD, offer a compelling option for those looking to weather September’s uncertainties.
Why Blue-Chip Retail Stocks Are a Safe Bet
These blue-chip giants are known for their financial strength and history of delivering reliable returns to shareholders. They tend to be less volatile than other stocks, making them dependable choices for both seasoned investors and those newer to the market. They often provide steady dividend payouts, adding an extra layer of stability.
These retailers have strong market positions, excellent brand recognition, loyal customer bases and broad market reach. These factors provide them with a competitive edge and open up new growth opportunities. As the holiday season approaches, they are expected to see increased demand, making them attractive investment options right now.
If you are looking to safeguard your investments while still finding growth opportunities, here are three blue-chip retail stocks to keep on your radar.
Past-Year Stock Price Performance of WMT, COST & HD
3 Blue-Chip Retail Stocks to Watch
Walmart: Embracing Technology for Growth
Walmart has been working to strengthen its already formidable presence in the market. The company has embarked on a series of strategic e-commerce initiatives, encompassing acquisitions, partnerships and significant improvements in its delivery and payment systems. Walmart is committed to elevating its merchandise offerings, ensuring a diverse and appealing product assortment. Innovation extends to its supply chain, wherein the company is enhancing capacity and introducing cutting-edge solutions.
As of Friday’s session, Walmart’s market capitalization stood at $647.9 billion. This Zacks Rank #3 (Hold) company has a trailing four-quarter earnings surprise of 6.9%, on average. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for Walmart’s current financial-year sales and earnings per share (EPS) suggests growth of 4.7% and 9.9%, respectively, from the year-ago reported numbers. The company pays out a quarterly dividend of about 21 cents per share (83 cents annualized). WMT’s payout ratio is 35, with a five-year dividend growth rate of 2.3%. (Check WMT’s dividend history here)
Costco: Leveraging Membership Model for Success
Costco has been navigating the market’s ups and downs pretty well. Strategic investments, a customer-centric approach, merchandise initiatives and an emphasis on memberships have been this discount retailer’s primary strengths. Costco's distinctive membership business model and pricing power set it apart from traditional players. Through a calculated approach that involves identifying untapped markets and tailoring offerings to meet customer preferences, Costco has managed to deepen its roots.
Costco has a market cap of $406.1 billion. This Zacks #3 Ranked company has a trailing four-quarter earnings surprise of 2.3%, on average.
The Zacks Consensus Estimate for Costco’s current financial-year sales and EPS implies growth of 5.1% and 10.4%, respectively, from the year-ago period’s actuals. The company pays out a quarterly dividend of $1.16 per share ($4.64 annualized). COST’s payout ratio is 29, with a five-year dividend growth rate of 12.6%.
Home Depot: Capitalizing on Home Improvement Trends
Headquartered in Atlanta, GA, Home Depot stands as another distinguished blue-chip stock, dominating the home improvement retail sector. Its consistent expansion in both Professional and Do-It-Yourself segments, fortified by an extensive product lineup and digital innovations, underpins its remarkable success. The company's interconnected retail strategy and robust technological infrastructure have amplified web traffic, leading to growth in digital sales. As mortgage rates decline, it could potentially stimulate homebuying activity and drive demand for renovation and remodeling projects.
Home Depot has a market cap of $377.4 billion. This Zacks Rank #3 company has a trailing four-quarter earnings surprise of 1.6%, on average.
The Zacks Consensus Estimate for Home Depot’s current financial-year sales calls for growth of 3.2% from the year-ago period’s reported number. The company pays out a quarterly dividend of $2.25 ($9.00 annualized) per share. HD’s payout ratio is 60, with a five-year dividend growth rate of 11.5%.
Zacks Investment Research
Target is one of the most mentioned companies in the U.S. across all news items in the past 12 hours, according to Factiva data. Target plans to hire abut 100,000 additional seasonal workers for the coming holiday season, and will launch its Target Circle Week from Oct. 6 to 12. The company will offer thousands of exclusive items and many deals and ways for shoppers to save on essentials and more. More than half of the company's own branded holiday food and beverage line will be priced below $5 and 80% of Target Wondershop holiday items will be priced at $10 or less. Dow Jones & Co. owns Factiva. (chris.wack@wsj.com)
In the face of a predicted slowdown in retail sales growth this holiday season, Target Corp. has announced its intention to recruit approximately 100,000 seasonal employees.
What Happened: Target’s hiring strategy is consistent with its approach over the last three years. This decision is made as the retail sector prepares for the slowest holiday sales growth in 6 years, according to Deloitte data, Reuters reported on Monday.
The seasonal staff will be assigned to Target’s stores and supply chain facilities, with the majority being stationed in stores. This follows Bath & Body Works announcement last week to hire 30,000 seasonal employees, mirroring its 2023 figures.
With inflation worries looming, consumers are likely to be more cautious during the crucial shopping season. Target aims to attract value-conscious shoppers by offering more affordable holiday items, including over half of holiday toys priced under $20 and thousands of stocking stuffers under $5. Earlier this year, Target reduced prices on over 5,000 popular items, leading to a raised full-year profit forecast after reporting positive quarterly comparable sales. The company also announced the commencement of its deals week program, Target Circle, from Oct. 6.
Why It Matters: Target has been on an upward trajectory since last November, rallying nearly 77% from its October low. The company’s strong second-quarter financial results and raised outlook have fueled analyst optimism. Target has increased its full-year 2024 adjusted EPS outlook to a range of $9.00 to $9.70, up from the previous range of $8.60 to $9.60.
CNBC's "Mad Money" host Jim Cramer declared that Target is back on track after a period of struggle, following an earnings report that surpassed market expectations. This positive outlook could play a crucial role in Target’s performance during the holiday season.
Read Next:
Image via Wikimedia Commons/ Mjs92984
This story was generated using Benzinga Neuro and edited by Pooja Rajkumari
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
White Label
Data API
Web Plug-ins
Poster Maker
Affiliate Program
The risk of loss in trading financial instruments such as stocks, FX, commodities, futures, bonds, ETFs and crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.
No decision to invest should be made without thoroughly conducting due diligence by yourself or consulting with your financial advisors. Our web content might not suit you since we don't know your financial conditions and investment needs. Our financial information might have latency or contain inaccuracy, so you should be fully responsible for any of your trading and investment decisions. The company will not be responsible for your capital loss.
Without getting permission from the website, you are not allowed to copy the website's graphics, texts, or trademarks. Intellectual property rights in the content or data incorporated into this website belong to its providers and exchange merchants.