Is Apple a Must-Own Stock in 2023?

Shares of advertising-technology (adtech) company PubMatic (NASDAQ: PUBM) were up 19.7% in January, according to data provided by S&P Global Market Intelligence. And as of 1:30 p.m. ET on Friday, PubMatic stock is up 28% so far in 2023 and ahead of the 8% gain for the S&P 500. The...

The stock market was broadly lower early Friday afternoon, with investors generally expressing concern at the possibility that the Federal Reserve could remain more restrictive in its monetary policy for a longer period of time. The January employment report released earlier in the day showed a stronger labor market than most had anticipated, suggesting that the interest rate hikes that the Fed has already made haven't yet shown up in terms of slowing job creation. The Nasdaq Composite (NASDAQINDEX: ^IXIC) lagged the rest of the market, with declines of more than 1% as of 1:15 p.m. ET.

The Johnson & Johnson (NYSE: JNJ) stock price could have some new headwinds ahead of it. Shares of the multinational are down 2.01% over the past five days at the time of writing and down more at an 8.29% loss over the past month. It briefly rallied yesterday along with the broader market as its stock price increased 0.88%.

Texas Instruments (NASDAQ: TXN) is often considered a safe long-term investment for conservative investors. Instead of developing expensive cutting-edge chips, TI only produces cheaper (albeit essential) analog and embedded chips for the automotive, industrial, personal electronics, communications infrastructure, and enterprise hardware markets. Pumping out large quantities of those cheaper chips...

Consumer stocks were ending broadly lower in Friday trading, with the Consumer Staples Select Sector SPDR Fund (XLP) dropping 0.5% and the Consumer Discretionary Select Sector SPDR Fund (XLY) retreating 3.3%. In company news, Edible Garden AG (EDBL) tumbled 44%, staying within close range of a record low of $4.52...

U.S. stock markets closed sharply higher on Tuesday as market participants were assessing the outcome of the Fed’s first FOMC meeting of 2023. Favorable inflation data also boosted investors’ sentiment. All three major stock indexes ended in positive territory. For the month as a whole, these indexes performed impressively finishing in the green.

Fintel reports that BlackRock has filed a 13G/A form with the SEC disclosing ownership of 3.80MM shares of Rite Aid Corporation (RAD). This represents 6.7% of the company. In their previous filing dated February 1, 2022 they reported 4.66MM shares and 8.40% of the company, a decrease in shares of 18.57% and a decrease in total ownership of 1.70% (calculated as current - previous percent ownership).

A look at the weighted underlying holdings of the Invesco S&P 500 Equal Weight Communication Services ETF (Symbol: EWCO) shows an impressive 13.9% of holdings on a weighted basis have experienced insider buying within the past six months. Charter Communications Inc (Symbol: CHTR), which makes up 4.26% of the Invesco...

Fintel reports that Pride Aggregator has filed a 13G/A form with the SEC disclosing ownership of 112.18MM shares of Paycor HCM, Inc. (PYCR). This represents 63.79% of the company. In their previous filing dated February 11, 2022 they reported 127.36MM shares and 73.01% of the company, a decrease in shares...

Fintel reports that BlackRock has filed a 13G/A form with the SEC disclosing ownership of 18.30MM shares of NetApp Inc. (NTAP). This represents 8.5% of the company. In their previous filing dated February 7, 2022 they reported 18.50MM shares and 8.30% of the company, a decrease in shares of 1.06% and an increase in total ownership of 0.20% (calculated as current - previous percent ownership).

Fintel reports that BlackRock has filed a 13G/A form with the SEC disclosing ownership of 5.45MM shares of Porch Group Inc (PRCH). This represents 5.4% of the company. In their previous filing dated February 4, 2022 they reported 5.12MM shares and 5.20% of the company, an increase in shares of 6.55% and an increase in total ownership of 0.20% (calculated as current - previous percent ownership).

Looking at the universe of stocks we cover at Dividend Channel, in trading on Wednesday, shares of Medifast Inc (Symbol: MED) were yielding above the 6% mark based on its quarterly dividend (annualized to $6.56), with the stock changing hands as low as $108.26 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return. To illustrate, suppose for example you purchased shares of the iShares Russell 3000 ETF (IWV) back on 5/31/2000 — you would have paid $78.27 per share. Fast forward to 5/31/2012 and each share was worth $77.79 on that date, a loss of $0.48 or 0.6% decrease over twelve years. But now consider that you collected a whopping $10.77 per share in dividends over the same period, increasing your return to 13.15%. Even with dividends reinvested, that only amounts to an average annual total return of about 1.0%; so by comparison collecting a yield above 6% would appear considerably attractive if that yield is sustainable. Medifast Inc (Symbol: MED) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets.

On January 31, 2023, LightShed Partners initiated coverage of Meta Platforms with a Buy recommendation. As of February 1, 2023, the average one-year price target for Meta Platforms is $156.99. The forecasts range from a low of $80.80 to a high of $411.60. The average price target represents an increase of 5.38% from its latest reported closing price of $148.97.

Fintel reports that BlackRock has filed a 13G/A form with the SEC disclosing ownership of 14.92MM shares of BioCryst Pharmaceuticals, Inc. (BCRX). This represents 8.0% of the company. In their previous filing dated February 1, 2022 they reported 14.79MM shares and 8.20% of the company, an increase in shares of...

Fintel reports that BlackRock has filed a 13G form with the SEC disclosing ownership of 13.12MM shares of Nextier Oilfield Solutions Inc (NEX). This represents 5.3% of the company. In their previous filing dated February 9, 2022 they reported 11.79MM shares and 4.90% of the company, an increase in shares...

Fintel reports that State Street has filed a 13G/A form with the SEC disclosing ownership of 0.28MM shares of HyreCar Inc (HYRE). This represents 0.92% of the company. In their previous filing dated February 11, 2022 they reported 1.62MM shares and 7.53% of the company, a decrease in shares of 82.65% and a decrease in total ownership of 6.61% (calculated as current - previous percent ownership).

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:. Culp CULP is a manufacturer, marketer, and seller of mattress fabrics and upholstery fabrics. The Zacks Consensus Estimate for its current year earnings has been revised 24.5% downward over the last 60 days. Canada Goose GOOS...

Fintel reports that Brown Ethan has filed a 13G/A form with the SEC disclosing ownership of 3.68MM shares of Beyond Meat Inc (BYND). This represents 5.6% of the company. In their previous filing dated February 5, 2021 they reported 3.58MM shares and 5.50% of the company, an increase in shares of 2.93% and an increase in total ownership of 0.10% (calculated as current - previous percent ownership).

NEW DELHI, Feb 3 (Reuters) - Shares of India's Adani Group extended declines on Friday to take their market losses to $115 billion amid growing concern about any systemic impact from disarray triggered by a U.S. short-seller report critical of the group's finances. Spooked investors have dumped stocks of seven...

U.S. Physical Therapy USPH shares ended the last trading session 3.6% higher at $103.58. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 25.1% gain over the past four weeks. U.S. Physical Therapy recorded a strong...