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Yahoo
a day ago
- Yahoo
Is Dana (DAN) Stock Outpacing Its Auto-Tires-Trucks Peers This Year?
Investors interested in Auto-Tires-Trucks stocks should always be looking to find the best-performing companies in the group. Dana (DAN) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Auto-Tires-Trucks sector should help us answer this question. Dana is a member of our Auto-Tires-Trucks group, which includes 96 different companies and currently sits at #12 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group. The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Dana is currently sporting a Zacks Rank of #2 (Buy). Over the past 90 days, the Zacks Consensus Estimate for DAN's full-year earnings has moved 9.3% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive. Our latest available data shows that DAN has returned about 41.4% since the start of the calendar year. At the same time, Auto-Tires-Trucks stocks have lost an average of 13%. This means that Dana is performing better than its sector in terms of year-to-date returns. OPENLANE (KAR) is another Auto-Tires-Trucks stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 24.9%. Over the past three months, OPENLANE's consensus EPS estimate for the current year has increased 3.1%. The stock currently has a Zacks Rank #1 (Strong Buy). To break things down more, Dana belongs to the Automotive - Original Equipment industry, a group that includes 50 individual companies and currently sits at #85 in the Zacks Industry Rank. On average, stocks in this group have gained 10.8% this year, meaning that DAN is performing better in terms of year-to-date returns. OPENLANE is also part of the same industry. Dana and OPENLANE could continue their solid performance, so investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to these stocks. 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 Dana Incorporated (DAN) : Free Stock Analysis Report OPENLANE, Inc. (KAR) : 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


Newsweek
a day ago
- Newsweek
Map Shows Cities With the Best Job Markets
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Today's job market is rife with economic uncertainty, AI disruption and widespread layoffs from government agencies to tech giants. However, where you live can play a major role in the job market you are navigating. In a new report, Checkr ranked the 100 largest U.S. cities based on job opportunities and earnings potential. While cities like Raleigh, North Carolina. topped the list, residents in Bakersfield, California are facing more challenges in finding a job. Why It Matters Businesses have reached a record low for hiring, according to executive coaching and advisory firm Vistage. In a recent report, Vistage said only 42 percent of surveyed small and midsize business CEOs anticipate increasing their employee headcount in the year ahead. That marks the lowest level since the second quarter of 2020 and is down from 45 percent in the first quarter of 2025. What To Know The top five cities with the best job markets in 2025, according to Checkr, were Raleigh; Nashville, Tennessee; Austin, Texas; Salt Lake City, Utah; and Portland, Maine. While Raleigh boasted strong tech and biotech industries, proximity to top-tier universities and steady population growth, the city also offers varied high-wage opportunities and relatively affordable housing. Nashville was a strong source of health care and entertainment jobs, along with a multitude of startups and "cultural draw," Checkr said in its report. Austin, another Southern city in the top five, had a notable tech expansion and offers many high-paying jobs and a startup-friendly environment. Meanwhile, the bottom five list included Bakersfield; Scranton, Pennsylvania; McAllen, Texas; Fresco, California; and Memphis, Tennessee. "What still feels like a conundrum is how two cities just 200 miles apart—Memphis and Nashville—can have such drastically different outcomes," Kevin Thompson, the CEO of 9i Capital Group and the host of the 9innings podcast, told Newsweek. Bakersfield experienced a high unemployment rate and generally saw lower education attainment rates. Scranton is still recovering from industrial decline and McAllen saw consistently low wages and lack of high-growth industries. "The problem for cities like these [is] problems tend to grow with time, as fewer jobs and opportunities for higher income lead some to leave these cities and others to rule out these locations as viable places to live," Alex Beene, a financial literacy instructor for the University of Tennessee at Martin, told Newsweek. Checkr ranked the cities based on new data from the U.S. Census Bureau, the Bureau of Labor Statistics and the Bureau of Economic Analysis. This included factors like income growth, unemployment rate and even the percentage of households earning more than $200,000. The Austin Food & Wine Festival at Auditorium Shores on November 2, 2024, in Austin, Texas. The Austin Food & Wine Festival at Auditorium Shores on November 2, 2024, in Austin, People Are Saying Alex Beene, a financial literacy instructor for the University of Tennessee at Martin, told Newsweek: "When it comes to cities in the United States with excelling job markets, it's still largely a story of the usual suspects. Cities like Nashville, Austin and Raleigh that have benefited from booming economies and a sharp rise in population in the years leading into and during the pandemic continue to see more employment opportunities at better wages. Other cities like Jackson, Mississippi, and Toledo, Ohio, continue to struggle, as job and salary growth remain relatively low compared to the rest of the country." Kevin Thompson, the CEO of 9i Capital Group and the host of the 9innings podcast, told Newsweek: "Cities seeing growth typically have strong sectors like tech or health care. Meanwhile, cities like Rochester and Scranton—parts of the old Rust Belt—are still feeling the effects of industrial decline. Many of the manufacturing jobs that once supported those regions have moved overseas." What Happens Next Thompson said in the regions that are struggling, low wages and limited wage growth are the common threads. "It's becoming a theme across the country—employers remain hesitant to raise wages, which either pushes talent to relocate or forces industries to shrink or move abroad," he said. "That's a major reason manufacturing left in the first place: cheaper labor elsewhere. I'd like to think the outcome would be higher wages here at home, but honestly, that still feels like a pipe dream."
Yahoo
a day ago
- Yahoo
‘I'm already up $45,000 in about an hour' — Reddit traders boast about wins as meme-stock mania returns
WallStreetBets, the infamous subreddit credited with helping to spawn the meme-stock phenomenon, is giving its regular readers a taste of what it was like on the platform during the trend's heyday in early 2021. As meme-stock mania has returned, traders on the platform bragged about their gains and urged one another to hang tough, even as volatility rocked a few of the latest crop of buzzy names on Wednesday. Hundreds of posts were made on WallStreetBets this week. Wall Street braces for deluge of Treasury bills, a crucial test of market demand Why Tesla analysts are mostly upbeat about earnings, but investors aren't happy 'I'm already up $45,000 in about an hour' — Reddit traders boast about wins as meme-stock mania returns 'If I was writing the checks at Coke, I wouldn't write the check for this,' one expert says about cane-sugar Coke One trader shared screenshots on the platform showing they had reaped an $850,000 windfall from a big bet on Kohl's. Another showed they had turned a $45 punt, or long-shot bet with a potentially large payoff, on out-of-the-money call options tied to shares of the big-box retailer into more than $15,000. 'If you look at what the energy is like on there, man, it's like 2021 all over again,' said one person who occasionally posts on WallStreetBets and spoke with MarketWatch by phone early Wednesday. He asked that he be identified only by his first name, Dan. A screenshot from his brokerage account showed Dan had plunked down $100,000 on shares of Krispy Kreme Inc. DNUT late Tuesday afternoon after seeing a post touting the stock on the subreddit. Shares of Opendoor Technologies Inc. OPEN had already taken off the week before, fueled by social-media buzz. Kohl's Corp. KSS joined the party on Tuesday, tallying big gains amid a surge in trading volume and demand for bullish options contracts tied to the stock. Dan said he had always regretted missing the boat on the run-up of GameStop, the original meme stock, when he decided to take a shot on Krispy Kreme. That turned out to be a prescient decision. About an hour before the opening bell, the stock was up by about 40% in the premarket session. Dan, who was riding in an Uber on his way to work at his job in tech sales, said he was feeling good. 'I'm already up by $45,000, and that's in about one hour of trading,' he said. He was satisfied that the bet, which he jokingly described as his 'insane doughnut position,' was paying off. The euphoria was short-lived, however. More meme stocks joined the party on Wednesday, with shares of GoPro Inc. GPRO, Beyond Meat Inc. BYND and of course Krispy Kreme soaring in early trade. But by the time the closing bell rang on Wednesday, much of their early gains had evaporated. Shares of Kohl's and Opendoor finished lower, falling 14.2% and 20.5%, respectively, according to FactSet data. Krispy Kreme finished with a gain of 4.6%. Dan told MarketWatch he sold his Krispy Kreme position around midday and made about $6,000. He added that the post on WallStreetBets that had initially inspired him to bet on Krispy Kreme tried to make the case that the stock was a smart long-term play. But Dan said he ignored most of these details. He focused instead on a comment highlighting a volume spike in options tied to the stock. 'I would never invest in this stock on any given day, other than that this guy posted yesterday looking at the options flows and I thought 'there's going to be a gamma squeeze,'' Dan said. A 'gamma squeeze' occurs when a surge of activity in the options market spills over into the stock market. Options market makers are essentially forced to pump up prices of the underlying shares as they scramble to hedge their exposure to the calls they have sold. Activity in bullish call options tied to Opendoor soared last week, helping to drive the stock's parabolic move. Another trader shared screenshots with MarketWatch showing he had turned a $250 bet on Krispy Kreme calls into nearly $6,000 after buying 50 contracts for 5 cents apiece at around 11:30 a.m. Eastern on Tuesday, and selling them at the opening bell on Wednesday for $1.30. He put the trade on just as volume in Krispy Kreme was starting to pick up on Tuesday. 'My thesis was I am lighting $250 on fire but we are in some kind of meme mania and [Krispy Kreme] is pretty blatantly a meme ticker so I might get lucky,' he said via chat. After losing money betting on GameStop Corp. GME during the original meme-stock boom, the trader said he understood that he needed to act quickly this time around. The meme-stock craze got its start in early 2021, when shares of GameStop soared, rising as much as 2,463.7% in January of that year, Dow Jones Market Data showed. An army of retail traders betting on the stock ultimately forced a major Wall Street hedge fund to go bust. The whole episode inspired Congress to drag some of the major players down to Capitol Hill for hearings. 'You are getting a glimpse [of what it was like back then] but I don't think you will see anything like what happened with GME ever again,' the trader said. During the pandemic, millions of Americans were sitting around with nothing to do, with government stimulus checks burning a hole in their pockets. A third investor who, like the others, asked to remain anonymous, provided screenshots showing he had made about $6,000 in a day buying shares and call options tied to Krispy Kreme. 'You see the degenerates on WSB start to pick it up, someone had a good writeup on it and then you see the open short interest and realize that it could get a quick 20%-30% pump,' he said. 'Anything that has an open short interest of 30%+ and that is a brand household name has the potential to pump once WSB gets a hold of it,' he said. The S&P 500 just did something it's only done four times in 50 years. Here's what happened next. Dow cuts dividend in half in reaction to 'lower-for-longer' earnings My ex-husband's benefit will be $2,600 at retirement age, and mine is $2,200. Can I claim on his record instead?