April housing starts came in line with expectations, at 1.4 million. That’s in line with the 1.4 million expected by analysts polled by Dow Jones. Tuesday’s “meeting between President Biden and House Speaker McCarthy went as well as could have reasonably https://business-oppurtunities.com/the-power-of-fear/ been hoped for,” wrote Citi chief U.S. economist Andrew Hollenhorst, in a note. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements.

Spending on construction projects is showing signs of improvement, which is likely to help stocks like EMCOR Group (EME), Granite Construction (GVA), James Hardie Industries (JHX) and United Rentals (… Investors interested in Building Products – Miscellaneous stocks are likely familiar with Holcim Ltd Unsponsored ADR (HCMLY) and James Hardie (JHX). Upgrade to MarketBeat All Access to add more stocks to your watchlist. One share of JHX stock can currently be purchased for approximately $24.46. Sign-up to receive the latest news and ratings for James Hardie Industries and its competitors with MarketBeat’s FREE daily newsletter.

James Hardie Industries MarketRank™ Forecast

Plus, JHX info will be updated daily in your Zacks.com Portfolio Tracker – also free. Highlights important summary options statistics to provide a forward looking indication of investors’ sentiment. Provides a general description of the business conducted by this company.

Chief Executive Elon Musk said Tesla would start rolling out “production Cybertrucks” later this year. James Hardie Industries’ stock was trading at $17.94 on January 1st, 2023. Since then, JHX shares have increased by 36.3% and is now trading at $24.46. Electric-vehicle giant Tesla (TSLA) rose 1.5% Wednesday morning. Dow Jones tech giants Apple (AAPL) and Microsoft (MSFT) were up and down ahead of today’s stock market open.

Citigroup Keeps Their Buy Rating on James Hardie (JHIUF)

The Dow ended the trading session below a key threshold on Tuesday. The new data was in an investor update filed with the Securities and Exchange Commission on Tuesday. Singapore’s total trade fell to SG$100.3 billion in April, a 18.8% year-on-year drop and extending the 8.6% decrease in March. The pan-European Stoxx 600 index was down 0.2% at the start of the session, with most sectors and major bourses trading in negative territory.

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. The Barchart Technical Opinion rating is a 88% Buy with a Strongest short term outlook on maintaining the current direction.

In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest. James Hardie Industries saw a decrease in short interest in April. As of April 15th, there was short interest totaling 54,000 shares, a decrease of 31.6% from the March 31st total of 79,000 shares. Based on an average daily volume of 80,300 shares, the days-to-cover ratio is presently 0.7 days. These are four best stocks to buy and watch in today’s stock market, including two Dow Jones leaders. Stock futures are ticking higher, suggesting major indexes could recover slightly after falling Tuesday on worries about a potential debt-ceiling default.

JHX vs. AWI: Which Stock Should Value Investors Buy Now?

Keysight guided revenue for the quarter to come in between $1.37 billion and $1.39 billion, a range that contains Wall Street’s consensus estimate of $1.38 billion. In its fiscal second quarter, the company reported $2.12 in earnings per share without items and $1.39 billion in revenue. By comparison, analysts polled by FactSet expected $1.96 per share and revenue to come in slightly lower at $1.38 billion. Target traded more than 2% lower in the premarket after the retailer reported total revenue of $25.32 billion for the first quarter, which represented year-over-year growth of just 1%.

The consensus among Wall Street equities research analysts is that investors should “hold” JHX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in JHX, but not buy additional shares or sell existing shares. For the current quarter, the company said to expected between $2 and $2.06 in earnings per share for the current quarter, while analysts forecasted $1.96.

The company expects adjusted EBITDA for the year to come in between $216 million and $222 million, while analysts anticipate $215.7 million. The company said to expect between $106.5 million and $107.5 million in revenue and between $39 million and $40 million in adjusted EBITDA for the first fiscal quarter. Both of those estimates were below consensus expectations, with analysts polled by FactSet anticipating revenue at $11.8 million and adjusted EBITDA at $45.4 million. Western Alliance shares have been on a recent upswing, up 17% over the past week – and posting a gain of 15% since this week has begun. The stock is still down nearly 47% for the year, however. Home prices in China fell, with prices 0.2% lower year-on-year, compared to a 0.8% decline seen in the previous month, according to Reuters’ calculations.

CANBERRA (MarketWatch) — Building products maker James Hardie Industries SE (JHX.AU) Tuesday reported a narrower third-quarter net loss of US$4.8 million, compared with US$26.4 million a year earlier. James Hardie Industries SE JHX.AU said Tuesday the head of its U.S. business, Nigel Rigby, is leaving the building-materials company effective June 30. James Hardie Chief Executive Louis Gries has assumed responsibility fo… SYDNEY–James Hardie Industries PLC (JHX.AU), one of the biggest makers of cladding for U.S. homes, said Monday it more than doubled first-quarter earnings and may continue to pay out larger-than-usual dividends.

A close below that level may signal a potential change toward the downside. Regional bank shares rebounded on Wednesday, helping market sentiment, as Western Alliance Bancorp detailed improving deposit growth. The SPDR S&P Regional Bank ETF jumped 2%, while Western Alliance soared 11% in early trading. The technique has proven to be very useful for finding positive surprises.

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• Both of those estimates were below consensus expectations, with analysts polled by FactSet anticipating revenue at $11.8 million and adjusted EBITDA at $45.4 million.
• “I think at the end of the day we do not have a debt default. I think we finally got the president to agree to negotiate.”

Financial services made the biggest losses, down 1.3%, followed by autos, which dropped 0.9%. Health care modestly bucked the trend with a 0.1% uptick. A look under the hood in stocks continues to build on the bear case, according to Wolfe Research.

Barchart Technical Opinion

“Now we have a structure to find a way to come to a conclusion,” McCarthy told CNBC’s “Squawk Box” on Wednesday. “I think at the end of the day we do not have a debt default. I think we finally got the president to agree to negotiate.” Institutional pessimism towards US stocks has reached a new low point. US consumer sentiment tumbled to its lowest in 6 months in May. Treasury Secretary Janet Yellen says the US will have to default on “some obligation” if the debt ceiling isn’t raised.

The GARP strategy helps investors gain exposure to stocks that boast impressive prospects and are trading at a discount. GWW, NFG, ADP and JHX are some stocks that hold promise. James Hardie Industries declared a Semi-Annual dividend on Tuesday, May 17th.

R3 Global Dividend Growth ETF holds 1,796 shares of JHX stock, representing 0.62% of its portfolio. Tesla stock edged higher Tuesday, ending a two-day skid that saw the stock find stout resistance around its key 50-day line. Now is an important time to read IBD’s The Big Picture column after last week’s bullish change in market outlook. Other key earnings reporters include Dynatrace (DT) and TJX (TJX). Dynatrace jumped more than 6% in premarket trade, while TJX edged lower. Biden, McCarthy  and other Congressional leaders met Tuesday, moving closer to a deal on the debt ceiling.

• The new data was in an investor update filed with the Securities and Exchange Commission on Tuesday.
• The company reported 20 cents in earnings per share excluding items, above the 17 cents expected by analysts.
• At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors.
• Biden, McCarthy  and other Congressional leaders met Tuesday, moving closer to a deal on the debt ceiling.

“The comes a moment in time when you hit the wall,” McCarthy said. “You can’t continue down this trajectory if you want to continue to be the strongest nation in the world.” “I think at the end of the day we do not have a debt default,” he said on CNBC’s “Squawk Box.” “I think we finally got the president to agree to negotiate.”

“While McCarthy said a deal is possible by end of this week, the timeline may be by the end of next week ahead of the Memorial Day,” JPMorgan traders wrote. “With that in mind, Equities may trade in a tight range until an outcome is observed with the biggest downside risk coming if we enter Memorial Day weekend without a solution, given the early June x-date.” Traders at JPMorgan expect the market to remain in a tight trading range as lawmakers try to reach a deal on the U.S. debt ceiling.

As you can see, both Dow averages tend to rise and fall in fairly close lockstep with the S&P 500. The WSJ Dollar Index gained 0.4%, on pace to finish higher for the sixth session in the last eight trading days. Shares of Western Alliance jumped about 7% in extended trading after the bank said that its deposit growth for the current quarter surpassed $2 billion as of May 12. The comments come a day after President Joe Biden met with top congressional leaders to try to find a way around the debt impasse. McCarthy said the talks resulted in a “structure” to find a solution while noting that the deadline remains “tight” as Republicans look for spending cuts and Democrats seek a clean bill not tied to conditions. Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns.

The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.