Markets
News
Analysis
User
24/7
Economic Calendar
Education
Data
- Names
- Latest
- Prev
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
A:--
F: --
A:--
F: --
A:--
F: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
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: --
--
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
Shares of Pittsburgh, PA-based company Westinghouse Air Brake Technologies Corporation, operating as Wabtec Corporation (WAB), have been benefiting from its consistent shareholder-friendly initiatives, as well as strength across its Freight and Transit segments. Bullish full-year 2024 earnings guidance looks encouraging and raises optimism about the stock.
The positive sentiment surrounding WAB stock is evident from the fact that the Zacks Consensus Estimate for the third quarter and full-year 2024 earnings has been revised upward in the past 60 days. The Zacks Consensus Estimate for third-quarter and full-year 2024 earnings per share (EPS) indicates growth of 9.4% and 26% from the respective 2023 figures.
The company’s long-term (three-to-five years) earnings growth rate is 16.1%, higher than its industry’s 13.4%.
Let’s delve deeper.
Solid Financial Returns for Shareholders
Highlighting its pro-investor stance, Wabtec (on Feb. 14, 2024) announced a 17.6% dividend increase, thereby raising its quarterly cash dividend from 17 cents per share to 20 cents. This quarterly dividend of 20 cents (80 cents annualized) per share gives Wabtec a 0.47% yield at the current stock price. This company’s payout ratio is 11%, with a five-year dividend growth rate of 12.34%.
Westinghouse Air Brake Technologies Corporation Dividend Yield (TTM)
Westinghouse Air Brake Technologies Corporation dividend-yield-ttm | Westinghouse Air Brake Technologies Corporation Quote
Wabtec’s bottom line has been benefiting from its consistent efforts to reward its shareholders through dividends and share buybacks. In 2022, WAB paid dividends of $111 million and repurchased shares worth $473 million. In 2023, WAB paid dividends of $123 million and repurchased shares worth $409 million. During the first six months of 2024, WAB paid dividends of $71 million and repurchased shares worth $375 million. Such shareholder-friendly moves instill investors’ confidence and positively impact the company’s bottom line.
Dividend-paying stocks provide a solid income stream and have fewer chances of experiencing wild price swings. Dividend stocks, like WAB, are safe bets for creating wealth, as the payouts generally act as a hedge against economic uncertainty like the current scenario.
Segmental Strength Boosts WAB’s Top Line
Wabtec’s top line has been benefiting from higher sales across its Freight and Transit segments. While the Freight segment benefits from growth in services and components, the transit segment gains from strong aftermarket and original equipment manufacturing sales.
WAB is expected to continue its strong performance due to strong underlying demand and a robust backlog.The ongoing summer season is expected to provide a further boost to revenues. The Zacks Consensus Estimate for WAB’s third-quarter and fourth-quarter 2024 revenues is pegged at $2.64 billion and $2.61 billion, which indicates an improvement of 3.6% and 3.2% from 2023’s actuals, respectively.
Driven by this encouraging backdrop, management raised its current-year EPS guidance. Wabtec raised 2024 EPS guidance to the range of $7.20-$7.50 from $7.00-$7.40 guided previously. The Zacks Consensus Estimate of $7.46 lies within the updated guided range.
Wabtec’s full-year revenue guidance remains unchanged in the $10.25 billion-$10.55 billion band. The Zacks Consensus Estimate of $10.39 billion lies within the guided range.
WAB’s Price Performance Soars High
Wabtec has an impressive earnings surprise history. The company's earnings outpaced the Zacks Consensus Estimate in three of the trailing four quarters (missed the mark in the remaining quarter), delivering an average surprise of 11.83%. Driven by this upbeat earnings performance and the positives mentioned above, WAB shares have gained 37.2% so far this year, outperforming its industry as well as the S&P 500, of which the company is a key member.
Additionally, WAB’s price performance so far this year compares favorably with that of other industry players like Ryder Corporation (R) and Air Lease Corporation (AL).
YTD Price Performance
Some Other Tailwinds Working in Favor of WAB Stock
We are impressed with WAB’s healthy balance sheet. The company’s cash and equivalents increased to $595 million at the end of second-quarter 2024 from $371 million at the end of second-quarter 2023. Meanwhile, the long-term debt level has decreased to $3.5 billion at the end of second-quarter 2024 from $3.4 billion in the second quarter of 2023.
Long-Term Debt to Capitalization
Wrapping Up
Given the positives surrounding the WAB stock, as highlighted throughout the write-up, we believe that investors should add WAB stock to their portfolio for healthy returns. The Zacks Rank #2 (Buy) carried by the stock supports our thesis. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Zacks Investment Research
Sept 17 (Reuters) - Air Lease Corp AL.N:
AIR LEASE CORPORATION ANNOUNCES PRICING OF $300 MILLION OFFERING OF PREFERRED STOCK
AIR LEASE CORP - PRICING TODAY OF ITS PUBLIC OFFERING OF 300,000 SHARES OF 6% FIXED-RATE WITH A LIQUIDATION PREFERENCE OF $1,000.00 PER SHARE
Source text for Eikon: (Full Story)
Further company coverage: AL.N
Ryder System (R) has displayed an impressive performance, with its shares appreciating 20.3% over the past six months. This growth is impressive and has outperformed its industry. Additionally, Ryder’s price performance compares favorably with that of other companies in the Equipment and Leasing industry like Wabtec Corporation (WAB) and Air Lease Corporation (AL).
Six-Month Price Performance
Given the recent rally, the question that naturally arises is whether Ryder stock can sustain its bullish price performance or should investors book profits now. Before that, let's delve deep to unearth the reasons behind this northward price movement.
Factors Working in Favor of Ryder Stock
Highlighting its pro-investor stance, on July 12, 2024, Ryder’s board of directors approved a dividend hike of 14.1%, thereby raising its quarterly cash dividend to 81 cents per share ($3.24 annualized) from 71 cents ($2.84 annualized). The raised dividend will be paid out on Sept. 20, 2024, to shareholders of record at the close of business on Aug. 19. This marks Ryder’s 192nd consecutive quarterly cash dividend. Notably, Ryder has been making uninterrupted dividend payments for more than 48 years. This highlights its financial bliss.
Ryder’s bottom line has been benefiting from its consistent efforts to reward its shareholders through dividends and share buybacks. In 2022, Ryder paid dividends of $123 million and repurchased shares worth $557 million. In 2023, Ryder paid dividends of $128 million and repurchased shares worth $337 million.
During the first six months of 2024, Ryder paid dividends of $66 million and repurchased shares worth $141 million. Such shareholder-friendly moves indicate the company’s commitment to creating value for shareholders and underline its confidence in its business.
Further, Ryder has an impressive earnings surprise history. The company's earnings outpaced the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 12.37%. Ryder has updated its 2024 adjusted earnings per share guidance to the range of $11.90-$12.40 from the prior guided $11.75-$12.50. The Zacks Consensus Estimate of $12.19 lies within the updated guidance.
For 2024, the company has raised the lower end of its adjusted ROE (return on equity) guidance in the 16%-16.5% band (prior view: 15.5%-16.5%).
Ryder's cost-cutting initiatives in response to the weak freight market conditions are also commendable. Notably, the company has reduced its 2024 capital expenditure guidance to around $2.9 billion from the $3.2 billion expected previously.
Higher free cash flow generation expectation (this reflects lower capital spending due to softer lease sales activity) for the full year is an added positive. For 2024, Ryder now expects to generate $150-$250 million of free cash flow, which marks an improvement of almost $400 million from the prior expectation of $(175)-$(275) million.
Given the tailwinds surrounding the stock, earnings estimates have been northbound, as shown below.
Impressive Valuation Picture for R Stock
From a valuation perspective, Ryder is trading at a discount compared to the industry, going by its forward 12-month price-to-sales ratio. The company has a Value Score of A.
High Debt Weigh on Ryder Stock
We are concerned about Ryder’s high debt levels. The company’s long-term debt level has increased to $6.45 billion at the end of second-quarter 2024 from $4.73 billion at third-quarter 2023.
Long-Term Debt to Capitalization
To Conclude
There is no doubt that the stock is attractively valued, and consistent shareholder-friendly initiatives and strong cash flow generating ability represent major tailwinds for Ryder. However, investors should refrain from rushing to buy Ryder now due to the headwinds that it faces.
Instead, they should monitor the company’s developments closely for a more appropriate entry point. For those who already own the stock, it will be prudent to stay invested. The stock’s Zacks Rank #3 (Hold) supports our thesis. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Zacks Investment Research
HONG KONG, Sep 5 (LPC) – American aircraft leasing firm Air Lease Corp is tapping Asian liquidity for a US$500m three-year loan.
Bank of China, Bank of East Asia, Cathay United Bank, OCBC Bank and SMBC Trust Bank are the mandate lead arrangers and bookrunners of the transaction.
Air Lease and its Ireland-based unit Alc Aircraft Financing are the borrowers.
The borrowing offers an interest margin of 112.5bp over SOFR.
Lead arrangers with tickets of US$50m and above receive a top-level all-in pricing of 120.83bp via a participation fee of 25bp, while arrangers with US$35m–$49m will earn an all-in of 119.17bp via a 20bp fee. Lead manager with US$10m–$34m will earn an all-in of 117.5bp via a 15bp fee.
The deadline for commitments is September 27.
Air Lease held a non-deal roadshow in Singapore in May. (May 3 story (https://www.loanconnector.com/NewsDisplay/NewsContent...))
In April, the company amended and extended an existing senior unsecured revolving credit facility.
The loan was increased to approximately US$7.8bn from US$7.4bn and its maturity date extended to May 5 2028 from May 5 2027.
The revolver’s opening margin is 105bp over adjusted term SOFR and its facility fee is 20bp. Pricing is based on Air Lease’s debt ratings.
JP Morgan is the administrative agent. Fifty-two lenders committed to the facility. (April 30 story (https://www.loanconnector.com/NewsDisplay/NewsContent...))
Air Lease is rated BBB/BBB (S&P/Fitch).
((Evelynn Lin: +852 3853 4302, evelynn.lin@lseg.com, Twitter: @LPCLoans))
(Editing by Apple Li)
(c) Copyright Refinitiv
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.