Chipmakers Lead Tech Stock Rout as Trump Curbs Chips to China
The S&P 500 Index slid 1.43%, while the Nasdaq 100 Index dropped 2.21%. Nvidia sank as much as 7% after warning it will report around $5.5 billion in related charges during the fiscal first quarter, with AMD down 6.01% as it expects to take a charge of as much as $800 million. ASML plummeted 6.09%. The Philadelphia Stock Exchange Semiconductor Index fell 4.02%.
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Western Union (WU) Registers a Bigger Fall Than the Market: Important Facts to Note
In the latest close session, Western Union (WU) was down 2.79% at $8.35. The stock trailed the S&P 500, which registered a daily loss of 0.33%. On the other hand, the Dow registered a loss of 0.63%, and the technology-centric Nasdaq decreased by 0.22%. Coming into today, shares of the money transfer company had lost 5.91% in the past month. In that same time, the Business Services sector lost 2.01%, while the S&P 500 gained 4.07%. Analysts and investors alike will be keeping a close eye on the performance of Western Union in its upcoming earnings disclosure. The company is expected to report EPS of $0.44, unchanged from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.03 billion, down 3.59% from the year-ago period. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.77 per share and revenue of $4.12 billion. These totals would mark changes of +1.72% and -2.18%, respectively, from last year. Investors should also pay attention to any latest changes in analyst estimates for Western Union. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.27% decrease. Right now, Western Union possesses a Zacks Rank of #3 (Hold). Looking at valuation, Western Union is presently trading at a Forward P/E ratio of 4.86. This denotes a discount relative to the industry average Forward P/E of 16.76. Also, we should mention that WU has a PEG ratio of 2.43. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The average PEG ratio for the Financial Transaction Services industry stood at 1.33 at the close of the market yesterday. The Financial Transaction Services industry is part of the Business Services sector. At present, this industry carries a Zacks Industry Rank of 65, placing it within the top 27% of over 250 industries. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. To follow WU in the coming trading sessions, be sure to utilize 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 The Western Union Company (WU) : 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
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MINISO Group Holding Limited Unsponsored ADR (MNSO) Sees a More Significant Dip Than Broader Market: Some Facts to Know
In the latest trading session, MINISO Group Holding Limited Unsponsored ADR (MNSO) closed at $17.74, marking a -1.93% move from the previous day. This change lagged the S&P 500's daily loss of 0.33%. Elsewhere, the Dow lost 0.63%, while the tech-heavy Nasdaq lost 0.22%. Coming into today, shares of the company had lost 1.47% in the past month. In that same time, the Retail-Wholesale sector gained 0.67%, while the S&P 500 gained 4.07%. Investors will be eagerly watching for the performance of MINISO Group Holding Limited Unsponsored ADR in its upcoming earnings disclosure. In the meantime, our current consensus estimate forecasts the revenue to be $672.03 million, indicating a 21.03% growth compared to the corresponding quarter of the prior year. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.12 per share and revenue of $2.9 billion, indicating changes of -2.61% and +22.75%, respectively, compared to the previous year. Additionally, investors should keep an eye on any recent revisions to analyst forecasts for MINISO Group Holding Limited Unsponsored ADR. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. MINISO Group Holding Limited Unsponsored ADR is currently a Zacks Rank #5 (Strong Sell). In terms of valuation, MINISO Group Holding Limited Unsponsored ADR is presently being traded at a Forward P/E ratio of 16.22. This indicates a discount in contrast to its industry's Forward P/E of 17.97. It is also worth noting that MNSO currently has a PEG ratio of 1.06. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Retail - Apparel and Shoes stocks are, on average, holding a PEG ratio of 2.02 based on yesterday's closing prices. The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 209, putting it in the bottom 16% of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Don't forget to use to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions. 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 MINISO Group Holding Limited Unsponsored ADR (MNSO) : 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
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Tariffs will hit harder in the coming months, with traders growing weary of the trade drama, Morgan Stanley's CIO says
Tariff pain will be felt more acutely in the coming months, Mike Wilson says. The Morgan Stanley CIO predicts three consequences from tariffs that could show up this quarter. Stocks could take a hit as investors wait for more concrete trade deals to materialize, Wilson said. Morgan Stanley's chief investment officer says investors are growing weary of the trade drama, warning that tariffs' negative impacts could start showing up for companies and in markets soon. Mike Wilson, the chief US equity strategist at Morgan Stanley, said he foresaw a slew of consequences stemming from President Donald Trump's tariffs, which could begin to impact markets as soon as the third quarter. Investors have stayed relatively calm so far this week, despite Donald Trump escalating his trade war. The president announced fresh tariffs on more than 20 countries this week, a separate 50% tariff on copper imports, and pushed out his original deadline to August 1. "I would say, 'Here we go again,'" Wilson said, speaking to Bloomberg on Friday about the latest tariff announcements. Here's what Wilson sees ahead. Investors are familiar with Trump's tariff negotiating playbook after seeing the president whipsaw on his trade policy during Liberation Day, Wilson said. "I mean, this is President Trump's style. He goes hard, and then he, you know, he doesn't back off completely, but it's a back-and-forth," Wilson said. But traders hungry for more concrete trade deals could soon grow tired of the drama, Wilson said. Trump — whose team once pushed the idea of 90 trade deals in 90 days — hasn't nailed down many deals with trading partners yet. "That's not going to work forever. Eventually we have to get to some deals," Wilson said. "There will become a point of exhaustion, is the way I like to think about it." Corporations have been shielded from the impact of tariffs so far, thanks to businesses relying on existing inventory to sell products to consumers. But that could change in the next few months, Wilson said. Smaller corporations could be especially affected in third quarter earnings season, he added, as they don't have as much pricing power to be able to pass along the cost of tariffs to consumers. "It hasn't begun to flow through to pricing or margins. But that we think begins to change in the third quarter, and that could be the catalyst, because stocks will react to a hit in margins," he added. Inflation could also begin to creep higher in the third quarter as tariffs finally start to work their way through the economy, Wilson speculated. Tariffs are widely thought to raise inflation, as companies can hike prices to offset the cost of import duties. That could also push out the market's expectations for interest rate cuts, as the Fed will look to keep rates elevated if inflation grows hotter. "Perhaps we get a spike in inflation, which, you know, then causes the Fed to sound more hawkish, and the market will care about that for sure," Wilson added. Read the original article on Business Insider
