Morning Movers Gapping up $Robinhood (HOOD.US)$The online brokerage rose more than 3% after revealing a $200 million deal to purchase crypto exchange Bitstamp, expected to close in the first half of 2025. $NVIDIA (NVDA.US)$The artificial intelligence company traded 1.8% higher, building on momentum from a previous rally with Goldman Sachs maintaining its buy rating. $Lululemon Athletica (LULU.US)$The athleisure retailer jumpe...
Morning Movers Gapping up $Micron Technology (MU.US)$Gained about 1.1% after Bank of America raised its price target due to expected demand growth for high-bandwidth memory technology. $3M (MMM.US)$Climbed nearly 3% as it completed its spinoff of Solventum and announced final approval of a $10 billion settlement in a chemical lawsuit. $Barrick Gold (GOLD.US)$,$Royal Gold (RGLD.US)$Both companies saw shares increase, 2% and 1.7% ...
C.H. Robinson Worldwide's declining ROCE and flat stock performance may suggest a mature business facing new competition or smaller margins. Investors are advised to consider other options.
Analysts are more bearish after recent results, with a significant cut to EPS estimates. The company's revenue growth is expected to slow, with a forecasted 0.7% annual growth rate until 2024, well below the historical 8.4% p.a. growth. The wider industry is expected to outpace C.H. Robinson Worldwide.
CEO Dave Bozeman cited poor demand and pricing environment for disappointing Q4 results. Evercore analysts maintain In-Line rating but cut price target to $81 from $91, indicating a bearish outlook.
C.H. Robinson Worldwide's high ROE is tempered by a significant debt usage, indicating high leverage risks. A high ROE may not always signal high profitability, particularly when fortified by excessive debt - this could have reduced the company's ROE.
Gapping up $Meta Platforms (META.US)$+19% ( The company posted better-than-expected revenue and announced a $40 billion stock buyback when it reported its quarterly results Wednesday evening. Bank of America upgraded Meta Thursday, saying the company's new efficiency mentality positions stock for more than 40% upside. ) $Align Technology (ALGN.US)$+14% (The company's quarterly earnings and revenue beat analyst expectations. Align also...
$C.H. Robinson Worldwide (CHRW.US)$CNBC’s Jim Cramer on Thursday said that a cool-off in the logistics industry suggests that inflation could finally be cooling off. “We caught a real break today with a much lower-than-expected consumer price index number, and a huge part of that came down to how much it costs to get goods to the consumer,” he said.
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