Latest news with #MHK
Yahoo
27-06-2025
- Business
- Yahoo
Is Mohawk Industries Stock Underperforming the Nasdaq?
Mohawk Industries, Inc. (MHK) is the world's largest flooring manufacturer, headquartered in Calhoun, Georgia. Valued at a market cap of $6.5 billion, the company operates through three main segments, Global Ceramic, Flooring North America, and Flooring Rest of the World, producing a wide range of products including ceramic and porcelain tiles, natural stone countertops, carpet, vinyl, laminate, wood flooring, insulation, and panels Companies valued between $2 billion and $10 billion are generally classified as 'mid-cap stocks," and Mohawk Industries fits this criterion perfectly. Its competitive edge lies in its scale, geographic reach, diversified brand portfolio, and vertically integrated operations, all backed by consistent cash flow and a disciplined capital structure. Tesla's Robotaxis Reportedly Sped and Veered Into the Wrong Lanes. Does This Crush the Bull Case for TSLA Stock? Dear Micron Stock Fans, Mark Your Calendars for June 25 Warren Buffett Warns 'Thumbsucking' is 'the Cardinal Sin' in Business Because It's 'Delaying the Correction of Mistakes' Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! But it's not all sunshine and rainbows for the stock. MHK touched its 52-week high of $164.29 on Oct. 21 and is currently trading 37.5% below the peak. It has declined 11.6% in the past three months, underperforming the broader Nasdaq Composite's ($NASX) 9.3% rise over the same time frame. Mohawk Industries has declined 13.9% in 2025, trailing the Nasdaq's 3.4% gain. Over the past 52 weeks, the stock is down 3.5%, significantly underperforming the Nasdaq's 12.7% increase during the same period. MHK has remained below its 200-day moving average since December and has also traded under its 50-day moving average since late January, both signaling a sustained downward trend. On May 28, Mohawk Industries' shares fell over 3% as homebuilding stocks and suppliers came under pressure from rising Treasury yields, which raised concerns about weakening housing demand. Its top rival, MasterBrand, Inc. (MBC), has lagged behind MHK, dropping 25.7% over the past 52 weeks and 25.4% on a YTD basis. The stock has a consensus rating of 'Moderate Buy' from the 15 analysts covering it, and its mean price target of $127.07 implies a premium of 23.8% from the prevailing price levels. On the date of publication, Kritika Sarmah 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. This article was originally published on 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
BBC News
17-06-2025
- Climate
- BBC News
Isle of Man TT schedule unlikely to change despite disruption
A review of the 2025 Isle of Man TT is underway but changes to the schedule are unlikely in 2026 despite weather disruption leading to the Senior race being cancelled, the enterprise minister has qualifying and racing at the meeting were severely disrupted by rain and fog, with most races run on a reduced number of laps. Gusty conditions on the final day of the event also saw the blue riband showpiece of the event, the Senior TT, Johnston said while TT 2025 had been "challenging", the fortnight had seen "some amazing racing" despite "the best efforts of weather to cause chaos". Tens of thousands of visitors travelled to the island for the event between 26 May until 7 June, which saw racing take place on 37.7-miles (61km) of closed public Glover MHK asked whether the schedule, introduced in 2023, would be tweaked to give "more certainty" to the running of the Senior race, which was the last in the schedule, next explained that debriefs "at all levels" with "all key stakeholders" were taking place, with the results expected in the coming weeks. But he said any changes would require discussions to "assess whether that was necessary". 'Opportunity missed' Meanwhile, the chief minister said ways of creating a "more prominent visual welcome" to Isle of Man from senior politicians for TT visitors would be considered ahead of next year's Cannan was challenged over there being no visible message from Manx politicians among the safety reminders, event updates and public health guidance issued during the said the lack of a "safe travels" campaign was a "PR opportunity missed" by central conceded it was a "valid point" and but said any future government messaging needed to remain "meaningful" to TT said the current schedule had been implemented following consultation with race organisers, competitors, teams, and medics. Cannan told members there had been a "coordinated" effort across government to "deliver clear practical information" during the said figures such as former TT winner Milky Quayle had been chosen for their "strong connection to the audience", which recognised the important role the right people could can play in promoting the island said there was "absolutely a role to play" for politicians in promoting the island and welcoming that would "need to be put in context with what is meaningful to our visitors", he added. Read more stories from the Isle of Man on the BBC, watch BBC North West Tonight on BBC iPlayer and follow BBC Isle of Man on Facebook and X.
Yahoo
11-06-2025
- Business
- Yahoo
School review cost 'not in public interest'
Publishing the costs of a contract with an education review provider could reduce the government's ability to get "best value for money" in future, the education minister has said. Daphne Caine has defended her department's decision not to release the amount paid to external validators Etio in response to a Tynwald question for written answer. She told the House of Keys that as her department was in the second of a three year contract with the firm it was "not in the public interest" to release the information. But MHK Lawrie Hooper said the costs were "routinely made available by the UK in relation to the exact company and the services they provide". Hooper said the rationale was "nonsense", and said based on figures released by the UK government indicated the Manx services would "probably cost between £150,000 and £250,000". Cain suggested she could share the figure confidentially with the Public Accounts Committee. During Tuesday's sitting, Kate Lord-Brennan called for the minister to provide a cost range for the report, arguing releasing the information was about "education delivery, standards, and public money, not about Etio". Chris Thomas MHK said it was "unusual" not to share the costs even when a contract was live, and noted that Treasury had published the terms of contracts in the past. Concerns were also raised by Julie Edge MHK, who said she did not understand why there was "so much resistance when it is such an important piece of work for our schools". Tim Glover MHK questioned how released the figure confidentially would restore and maintain public confidence. Caine said it was not in the public interest if it "breached" commercial confidentiality, and the competitiveness of future bids was "compromised". She said the department would "likely" go out for tender in the next six months, and sharing the cost could limit the "commercial competitiveness so that all bids come in within a ball park". That was "not serving the best interest of the Isle of Man community", she said. Read more stories from the Isle of Man on the BBC, watch BBC North West Tonight on BBC iPlayer and follow BBC Isle of Man on Facebook and X. School reviews 'foundation' for future improvement School review framework to be published in July Manx school processes external reviews to begin Covid review backs up teachers' concerns - union Department for Education, Sport and Culture Tynwald
Yahoo
30-05-2025
- General
- Yahoo
Online portal for murder investigation information
Police leading a murder investigation have urged people to use an online portal to submit information. The Isle of Man Constabulary has confirmed a person died following "serious incident" in Ramsey on Thursday. The BBC understands the victim was a teenager. Emergency services were called to the Close Drean area shortly after 15:30 BST and the area remains cordoned off. The force has called for information, including imagery, to be sent directly to them via the portal. Chief Minster Alfred Cannan has urged people to follow the request from police "not to speculate or share any distressing material online". Local politicians have also shared their shock following the death in Ramsey Lawrie Hooper MHK said it was "awful news and devastating for our small community", while Alex Allinson MHK said: "Alex Allinson said: "Our close community need time to come to terms with what has happened in our town." Ramsey Town Commissioners released a statement asking people to "show respect by allowing the authorities to do their work and avoid speculating or spreading unconfirmed information". "At times like these, kindness, empathy and sensitivity matter most", the board's chairman Alby Oldham said. Read more stories from the Isle of Man on the BBC, watch BBC North West Tonight on BBC iPlayer and follow BBC Isle of Man on Facebook and X. Murder investigation launched after fatal incident Isle of Man Constabulary online portal
Yahoo
20-05-2025
- Business
- Yahoo
2 S&P 500 Stocks on Our Buy List and 1 to Steer Clear Of
While the S&P 500 (^GSPC) includes industry leaders, not every stock in the index is a winner. Some companies are past their prime, weighed down by poor execution, weak financials, or structural headwinds. Picking the right S&P 500 stocks requires more than just buying big names, and that's where StockStory comes in. That said, here are two S&P 500 stocks positioned to outperform and one best left off your watchlist. Market Cap: $6.76 billion Established in 1878, Mohawk Industries (NYSE:MHK) is a leading producer of floor-covering products for both residential and commercial applications. Why Do We Steer Clear of MHK? Absence of organic revenue growth over the past two years suggests it may have to lean into acquisitions to drive its expansion Below-average returns on capital indicate management struggled to find compelling investment opportunities, and its shrinking returns suggest its past profit sources are losing steam Waning returns on capital from an already weak starting point displays the inefficacy of management's past and current investment decisions Mohawk Industries's stock price of $108.17 implies a valuation ratio of 10.6x forward P/E. If you're considering MHK for your portfolio, see our FREE research report to learn more. Market Cap: $70.49 billion Born from a desire to offer quick meals with fresh, flavorful ingredients, Chipotle (NYSE:CMG) is a fast-food chain known for its healthy, Mexican-inspired cuisine and customizable dishes. Why Are We Backing CMG? Aggressive strategy of rolling out new restaurants to gobble up whitespace is prudent given its same-store sales growth Same-store sales growth averaged 6.2% over the past two years, showing it's bringing new and repeat diners into its restaurants Enormous revenue base of $11.49 billion provides significant leverage in supplier negotiations Chipotle is trading at $51.85 per share, or 39.9x forward P/E. Is now the right time to buy? See for yourself in our in-depth research report, it's free. Market Cap: $27.54 billion Founded in Silicon Valley in 1993 and known for its modular "building block" approach to server design, Super Micro Computer (NASDAQ:SMCI) designs and manufactures high-performance, energy-efficient server and storage systems for data centers, cloud computing, AI, and edge computing applications. Why Are We Bullish on SMCI? Impressive 81.1% annual revenue growth over the last two years indicates it's winning market share this cycle Massive revenue base of $21.57 billion makes it a well-known name that influences purchasing decisions Improving returns on capital reflect management's ability to monetize investments At $44.45 per share, Super Micro trades at 15x forward P/E. Is now the time to initiate a position? Find out in our full research report, it's free. Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today for free.
