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Washington Post
18 minutes ago
- Washington Post
India's leader promises trade and investment in a visit to Trinidad and Tobago
PORT-OF-SPAIN, Trinidad — Indian Prime Minister Narendra Modi promising continued trade and investment in Trinidad and Tobago on Friday in an address to the nation's parliament. 'It's time for us to work together to give the global south its rightful seat at the table,' Modi said. 'For us there are no limits to our cooperation with you.'
Yahoo
27 minutes ago
- Yahoo
Here's Why You Should Add Kirby Stock to Your Portfolio Now
Kirby Corporation (KEX) is benefiting from multiple tailwinds, which, we believe, have made it an impressive investment option. Against this backdrop, let's look at the factors that make this stock an attractive pick. An Outperformer: A glimpse at the company's price trend reveals that the stock has had a solid run on the bourse over the past three months. Shares of KEX have gained 32% over the past three months, surpassing the Zacks Transportation - Shipping industry's 19.8% surge. Image Source: Zacks Investment Research Solid Zacks Rank & VGM Score: Kirby currently carries a Zacks Rank #2 (Buy) and has a VGM Score of B. Our research shows that stocks with a VGM Score of A or B, when combined with a Zacks Rank #1 (Strong Buy) or 2, offer the best investment opportunities. Thus, the company seems to be an appropriate investment proposition at the moment. Positive Earnings Surprise History: KEX has an encouraging earnings surprise history, having surpassed the Zacks Consensus Estimate in each of the trailing four quarters. The average beat is 5.02%. Earnings Expectations: Earnings growth and stock price gains often indicate a company's prospects. For second-quarter 2025, KEX's earnings are expected to increase 11.19% year over year. For 2025, KEX's earnings are expected to improve 18.38% year over year. Bullish Industry Rank: The industry to which Kirby belongs currently has a Zacks Industry Rank of 29 (out of 245). Such a favorable rank places it in the top 12% of Zacks Industries. Studies show that 50% of a stock's price movement is directly related to the performance of the industry group it belongs to. A mediocre stock within a strong group is likely to outperform a robust stock in a weak industry. Reckoning the industry's performance becomes imperative. Growth Factors:Kirby has been witnessing favorable market conditions, including higher pricing, increased barge utilization, and improved term and spot pricing, in both the inland and coastal markets of its marine transportation segment. Kirby has a solid balance sheet. The company ended first-quarter 2025 with cash and cash equivalents of $51 million, exceeding its current debt level of $7 million. This implies that the company has sufficient cash to meet its current debt obligations. Further, KEX's current ratio (a measure of liquidity) at the end of first-quarter 2025 stood at 1.58, which is higher than fourth-quarter 2024 reading of 1.45 as well as the industry's figure of 1.31. The favorable comparison with respect to the current ratio looks encouraging. This may imply that the risk of default is lower. Additionally, a current ratio greater than 1.5 is generally considered favorable for a company. A strong balance sheet enables the company to reward shareholders. Kirby has been consistently rewarding its shareholders through share buybacks. During 2024, KEX purchased 1.6 million shares for $174.6 million. Kirby repurchased 1,258,031 shares at an average price of $99.16, totaling $124.7 million as of April 30, 2025. Buybacks not only reduce the total outstanding share count, thereby increasing earnings per share, but also signal management's belief in the intrinsic value of the stock. Such shareholder-friendly initiatives should boost investor confidence and positively impact the bottom line. Investors interested in the Transportation sector may also consider Air Lease Corporation (AL) and SkyWest, Inc. (SKYW), both carrying a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Air Lease, headquartered in Los Angeles, CA, operates as an aircraft leasing company engaged in purchasing and leasing commercial jet aircraft to airlines worldwide. With a globally diversified customer base of 116 airlines in 58 different countries, more than 95% of AL's business revenues originate from airlines located outside of the United States. Steady growth in the fleet, profits earned from aircraft sales and higher end-of-lease revenues contribute to AL's top-line growth. Consistent shareholder-friendly moves, such as dividend payments, look encouraging and positively impact the company's bottom line. AL's earnings outpaced the Zacks Consensus Estimate in three of the trailing four quarters and missed the mark in the remaining quarter, delivering an average miss of 5.16%. The Zacks Consensus Estimate for AL's 2025 earnings has moved up 2.4% over the past 60 days. AL's expected earnings growth rate for 2025 is 9.6%. SkyWest, founded in 1972, is based in St. George and operates regional jets for major U.S. airlines. SKYW is the holding company for SkyWest Airlines, SkyWest Charter and SkyWest Leasing, an aircraft leasing company. SKYW has an impressive earnings surprise track record, having surpassed the Zacks Consensus Estimate in each of the last four quarters. The average beat was 17.1%. The Zacks Consensus Estimate for current and next-year earnings has been revised upward over the past 60 days. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Air Lease Corporation (AL) : Free Stock Analysis Report SkyWest, Inc. (SKYW) : Free Stock Analysis Report Kirby Corporation (KEX) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27 minutes ago
- Yahoo
Fairfax Financial Holdings (FRFHF) Upgraded to Buy: Here's What You Should Know
Fairfax Financial Holdings (FRFHF) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time. Therefore, the Zacks rating upgrade for Fairfax Financial Holdings basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price. The change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock. Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Fairfax Financial Holdings imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher. Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions. The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> . This financial services holding company is expected to earn $178.28 per share for the fiscal year ending December 2025, which represents no year-over-year change. Analysts have been steadily raising their estimates for Fairfax Financial Holdings. Over the past three months, the Zacks Consensus Estimate for the company has increased 6.9%. Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term. You can learn more about the Zacks Rank here >>> The upgrade of Fairfax Financial Holdings to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Fairfax Financial Holdings Ltd. (FRFHF) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
