El interés en corto de Pricesmart da a los inversores una idea del grado en que los inversores apuestan por la caída de las acciones de Pricesmart. Los datos de interés en corto se actualizan cada dos semanas.

Pricesmart (NASDAQ:PSMT) Bolsa, Informe de interés en corto

Pricesmart

Pricesmart Inc is principally engaged in operating U.S.-style membership shopping warehouse clubs that offer consumer goods at low prices. The company is headquartered in San Diego, California, United States, and operates stores in the Caribbean, Costa Rica, Panama, and other regions. The company's revenue consists of net warehouse club sales from merchandise sales, membership income from annual membership fees, export sales, and other income. Its operations consist of four reportable segments; Central America, the Caribbean, Colombia, and the United States. A majority of the company's revenue is derived from Central America.

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Pre-Market Outlook

Markets

CALM

PSMT

Aquí tienes cinco acciones estadounidenses que podrían llamar la atención de los inversores este miércoles: UNF, CALM, AYI, AIR y PSMT.

5 acciones en el foco este miércoles: UNF, CALM, AYI, AIR y PSMT

Pricesmart Inc

WIIM

PriceSmart shares are trading lower after the company reported worse-than-expected Q1 EPS results.

Pricesmart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>) released its Q1 earnings on Wednesday, January 8, 2025 at 04:01 PM.
Here's what's important from the earnings announcement.
<h3>Earnings</h3>
Pricesmart missed estimated earnings by -8.0%, reporting an EPS of $1.21 versus an estimate of $1.31.
Revenue was up $91.94 million from the same period last year.
<h3>Past Earnings Performance</h3>
The company missed on EPS by $0.09 in the previous quarter, leading to a 7.000000000000001% drop share price change the next day.
Here's a look at Pricesmart's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q4 2024</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.03</td>
<td>1.01</td>
<td>1.24</td>
<td>1.09</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.94</td>
<td>1.08</td>
<td>1.31</td>
<td>1.24</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>1.22B</td>
<td>1.21B</td>
<td>1.28B</td>
<td>1.16B</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>1.23B</td>
<td>1.23B</td>
<td>1.29B</td>
<td>1.17B</td>
</tr>
</tbody>
</table>

To track all earnings releases for Pricesmart <a href="https://www.benzinga.com/quote/PSMT/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

Earnings Summary: Pricesmart Q1

Earnings Beats

Earnings Misses

Pricesmart Q1 GAAP EPS $1.21 Misses $1.31 Estimate, Sales $1.26B Beat $1.24B Estimate

The CNN Money Fear and Greed index showed an increase in the overall fear level, while the index remained in the &#8220;Fear&#8221; zone on Tuesday.
U.S. stocks settled lower on Tuesday, with the S&amp;P 500 falling more than 1% during the session amid a decline in major tech stocks.
NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shares dipped 6.2% on Tuesday after hitting a record high level. Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares fell over 4% after BofA Securities downgraded the stock from Buy to Neutral, while Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) lost nearly 2% during the session.
On the economic data front, the U.S. trade deficit increased to $78.2 billion in November versus a revised $73.6 billion gap in the previous month and is in line with market estimates. Imports increased 3.4% to $351.6 billion, while exports rose 2.7% to $273.4 billion.
Most sectors on the S&amp;P 500 closed on a negative note, with consumer discretionary, communication services, and information technology stocks recording the biggest losses on Tuesday. However, energy and health care stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by around 178 points to 42,528.36 on Tuesday. The S&amp;P 500 fell 1.11% to 5,909.03, while the Nasdaq Composite dipped 1.89% at 19,489.68 during Tuesday's session.
Investors are awaiting earnings results from UniFirst Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNF#NYSE">UNF</a>), Acuity Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AYI#NYSE">AYI</a>) and PriceSmart, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>) today.
At a current reading of 35.7, the index remained in the &#8220;Fear&#8221; zone on Tuesday, versus a prior reading of 37.8.
What is CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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<h3>Companies Reporting Before The Bell</h3>
• UniFirst (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNF#NYSE">UNF</a>) is estimated to report quarterly earnings at $2.21 per share on revenue of $606.60 million. 
• Simply Good Foods (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMPL#NASDAQ">SMPL</a>) is projected to report quarterly earnings at $0.46 per share on revenue of $347.32 million. 
• Helen Of Troy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HELE#NASDAQ">HELE</a>) is likely to report quarterly earnings at $2.58 per share on revenue of $532.91 million. 
• MSC Industrial Direct Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSM#NYSE">MSM</a>) is likely to report quarterly earnings at $0.73 per share on revenue of $904.59 million. 
• Albertsons Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACI#NYSE">ACI</a>) is estimated to report quarterly earnings at $0.66 per share on revenue of $18.82 billion. 
• Acuity Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AYI#NYSE">AYI</a>) is estimated to report quarterly earnings at $3.89 per share on revenue of $956.17 million. 
• AngioDynamics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGO#NASDAQ">ANGO</a>) is expected to report quarterly loss at $0.11 per share on revenue of $70.93 million. 
<h3>Companies Reporting After The Bell</h3>
• Jefferies Financial Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JEF#NYSE">JEF</a>) is likely to report quarterly earnings at $1.04 per share on revenue of $1.83 billion. 
• Penguin Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PENG#NASDAQ">PENG</a>) is expected to report quarterly earnings at $0.39 per share on revenue of $319.99 million. 
• Pricesmart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>) is projected to report quarterly earnings at $1.29 per share on revenue of $1.24 billion. 
• Greenbrier Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBX#NYSE">GBX</a>) is projected to report quarterly earnings at $1.15 per share on revenue of $849.51 million. 
• Franklin Covey (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FC#NYSE">FC</a>) is estimated to report quarterly earnings at $0.22 per share on revenue of $70.15 million. 
• Saratoga Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAR#NYSE">SAR</a>) is projected to report quarterly earnings at $0.84 per share on revenue of $34.90 million. 
• Pure Cycle (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCYO#NASDAQ">PCYO</a>) is likely to report earnings for its first quarter. 
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Earnings Scheduled For January 8, 2025

With U.S. stock futures trading higher this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects UniFirst Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNF#NYSE">UNF</a>) to report quarterly earnings at $2.22 per share on revenue of $606.62 million before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. UniFirst shares gained 2.5% to $209.76 in after-hours trading.</li>
<li>Cal-Maine Foods, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CALM#NASDAQ">CALM</a>) posted better-than-expected results for its second quarter. The company said it set a quarterly record for total dozens sold and specialty dozens sold. It also announced a cash dividend of approximately $1.49 per share. Cal-Maine shares climbed 3.8% to $107.60 in the after-hours trading session.</li>
<li>Analysts are expecting Acuity Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AYI#NYSE">AYI</a>) to post quarterly earnings at $3.89 per share on revenue of $956.18 million. The company will release earnings before the markets open. Acuity Brands shares fell 0.3% to $303.00 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>AAR Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIR#NYSE">AIR</a>) posted stronger-than-expected second-quarter results. The company reported quarterly earnings of 90 cents per share, which beat the analyst consensus estimate of 84 cents. Quarterly revenue came in at $686.1 million, which beat the analyst consensus estimate of $654.18 million. AAR shares surged 5.8% to $65.35 in the after-hours trading session.</li>
<li>Analysts expect PriceSmart, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>) to post quarterly earnings at $3.68 per share on revenue of $751.49 million after the closing bell. PriceSmart shares gained 0.6% to close at $92.22 on Tuesday.</li>
</ul>
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Photo courtesy: Shutterstock

UniFirst, Acuity Brands And 3 Stocks To Watch Heading Into Wednesday

PriceSmart shares are trading lower after the company reported worse-than-expected Q4 adjusted EPS results.

Pricesmart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>) reported quarterly earnings of $0.94 per share which missed the analyst consensus estimate of $1.03 by 8.74 percent. This is a 44.62 percent increase over earnings of $0.65 per share from the same period last year. The company reported quarterly sales of $1.226 billion which beat the analyst consensus estimate of $1.217 billion by 0.71 percent. This is a 9.66 percent increase over sales of $1.118 billion the same period last year.

Pricesmart Q4 2024 Adj. EPS $0.94 Misses $1.03 Estimate, Sales $1.226B Beat $1.217B Estimate

Michael McCleary, EVP &amp; CFO at Pricesmart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>), disclosed an insider sell on July 24, according to a recent SEC filing.
What Happened: McCleary's decision to sell 4,000 shares of Pricesmart was revealed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001041803/000179671424000002//Archives/edgar/data/1041803/000179671424000002/0001796714-24-000002-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday. The total value of the sale is $350,044.
Monitoring the market, Pricesmart's shares down by 0.0% at $86.18 during Thursday's morning.
<h3>About Pricesmart</h3>
Pricesmart Inc is principally engaged in operating U.S.-style membership shopping warehouse clubs that offer consumer goods at low prices. The company is headquartered in San Diego, California, United States, and operates stores in Latin America and the Caribbean, with Central America contributing over half of its net warehouse club sales. The company's revenue consists of net warehouse club sales from merchandise sales, membership income from annual membership fees, export sales, and other income, with net warehouse club sales accounting for the majority of the company's total revenue.
<h3>Unraveling the Financial Story of Pricesmart</h3>
Revenue Growth: Pricesmart displayed positive results in 3 months. As of 31 May, 2024, the company achieved a solid revenue growth rate of approximately 12.11%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Consumer Staples sector.
Holistic Profitability Examination:
<ul>
<li>
Gross Margin: The company issues a cost efficiency warning with a low gross margin of 17.06%, indicating potential difficulties in maintaining profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Pricesmart's EPS is notably higher than the industry average. The company achieved a positive bottom-line trend with a current EPS of 1.08.
</li>
</ul>
Debt Management: Pricesmart's debt-to-equity ratio is below the industry average at 0.24, reflecting a lower dependency on debt financing and a more conservative financial approach.
Financial Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The P/E ratio of 20.96 is lower than the industry average, implying a discounted valuation for Pricesmart's stock.
</li>
<li>
Price to Sales (P/S) Ratio: The P/S ratio of 0.54 is lower than the industry average, implying a discounted valuation for Pricesmart's stock in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With a below-average EV/EBITDA ratio of 9.43, Pricesmart presents an opportunity for value investors. This lower valuation may attract investors seeking undervalued opportunities.
</li>
</ul>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
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<h3>Why Insider Transactions Are Important</h3>
Considering insider transactions is valuable, but it's crucial to evaluate them in conjunction with other investment factors.
Exploring the legal landscape, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated by Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and major hedge funds. These insiders are required to report their transactions through a Form 4 filing, which must be submitted within two business days of the transaction.
Highlighted by a company insider's new purchase, there's a positive anticipation for the stock to rise.
But, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Cracking Transaction Codes</h3>
Taking a closer look at transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, meticulously cataloged in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A signifies a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001041803">Check Out The Full List Of Pricesmart's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Pricesmart EVP & CFO Sold $350K In Company Stock

Revealing a significant insider sell on July 18, Sherry Bahrambeygui, Director at Pricesmart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>), as per the latest SEC filing.
What Happened: According to a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001041803/000162828024032143//Archives/edgar/data/1041803/000162828024032143/0001628280-24-032143-index.htm">U.S. Securities and Exchange Commission</a> on Thursday, Bahrambeygui sold 23,141 shares of Pricesmart. The total transaction value is $2,000,909.
Pricesmart shares are trading down 0.71% at $89.93 at the time of this writing on Thursday morning.
<h3>Get to Know Pricesmart Better</h3>
Pricesmart Inc is principally engaged in operating U.S.-style membership shopping warehouse clubs that offer consumer goods at low prices. The company is headquartered in San Diego, California, United States, and operates stores in Latin America and the Caribbean, with Central America contributing over half of its net warehouse club sales. The company's revenue consists of net warehouse club sales from merchandise sales, membership income from annual membership fees, export sales, and other income, with net warehouse club sales accounting for the majority of the company's total revenue.
<h3>Pricesmart: Delving into Financials</h3>
Revenue Growth: Pricesmart's revenue growth over a period of 3 months has been noteworthy. As of 31 May, 2024, the company achieved a revenue growth rate of approximately 12.11%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Consumer Staples sector.
Navigating Financial Profits:
<ul>
<li>
Gross Margin: With a low gross margin of 17.06%, the company exhibits below-average profitability, signaling potential struggles in cost efficiency compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): The company excels with an EPS that surpasses the industry average. With a current EPS of 1.08, Pricesmart showcases strong earnings per share.
</li>
</ul>
Debt Management: Pricesmart's debt-to-equity ratio is below the industry average at 0.24, reflecting a lower dependency on debt financing and a more conservative financial approach.
Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current P/E ratio of 22.04 is below industry norms, indicating potential undervaluation and presenting an investment opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: With a lower-than-average P/S ratio of 0.57, the stock presents an attractive valuation, potentially signaling a buying opportunity for investors interested in sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Indicated by a lower-than-industry-average EV/EBITDA ratio of 9.91, the company suggests a potential undervaluation, which might be advantageous for value-focused investors.
</li>
</ul>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>The Importance of Insider Transactions</h3>
Insider transactions, although significant, should be considered within the larger context of market analysis and trends.
When discussing legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated in Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are required to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
A new purchase by a company insider is a indication that they anticipate the stock will rise.
On the other hand, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Navigating the World of Insider Transaction Codes</h3>
Surveying the realm of stock transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often give prominence to those unfolding in the open market, systematically detailed in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001041803">Check Out The Full List Of Pricesmart's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Pricesmart Director Trades $2.00M In Company Stock

Francisco Velasco, EVP at Pricesmart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>), executed a substantial insider sell on July 18, according to an SEC filing.
What Happened: Velasco's recent move involves selling 1,298 shares of Pricesmart. This information is documented in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001041803/000162828024032145//Archives/edgar/data/1041803/000162828024032145/0001628280-24-032145-index.htm">U.S. Securities and Exchange Commission</a> on Thursday. The total value is $112,926.
The latest market snapshot at Thursday morning reveals Pricesmart shares down by 0.71%, trading at $89.93.
<h3>Unveiling the Story Behind Pricesmart</h3>
Pricesmart Inc is principally engaged in operating U.S.-style membership shopping warehouse clubs that offer consumer goods at low prices. The company is headquartered in San Diego, California, United States, and operates stores in Latin America and the Caribbean, with Central America contributing over half of its net warehouse club sales. The company's revenue consists of net warehouse club sales from merchandise sales, membership income from annual membership fees, export sales, and other income, with net warehouse club sales accounting for the majority of the company's total revenue.
<h3>Understanding the Numbers: Pricesmart's Finances</h3>
Revenue Growth: Over the 3 months period, Pricesmart showcased positive performance, achieving a revenue growth rate of 12.11% as of 31 May, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Consumer Staples sector.
Holistic Profitability Examination:
<ul>
<li>
Gross Margin: With a low gross margin of 17.06%, the company exhibits below-average profitability, signaling potential struggles in cost efficiency compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): Pricesmart's EPS outshines the industry average, indicating a strong bottom-line trend with a current EPS of 1.08.
</li>
</ul>
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.24.
Assessing Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current P/E ratio of 22.04 is below industry norms, indicating potential undervaluation and presenting an investment opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: The Price to Sales ratio is 0.57, which is lower than the industry average. This suggests a possible undervaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an EV/EBITDA ratio lower than industry benchmarks at 9.91, Pricesmart presents an attractive value opportunity.
</li>
</ul>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Why Pay Attention to Insider Transactions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
Within the legal framework, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as per Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
The initiation of a new purchase by a company insider serves as a strong indication that they expect the stock to rise.
However, insider sells may not always signal a bearish view and can be influenced by various factors.
<h3>Essential Transaction Codes Unveiled</h3>
Navigating through the landscape of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, precisely detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001041803">Check Out The Full List Of Pricesmart's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Sell Alert: Francisco Velasco Cashes Out $112K In Pricesmart Stock

PriceSmart, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>) shares are trading higher after the company reported third-quarter FY24 revenue growth of&nbsp;12.1% Y/Y to&nbsp;$1.23&nbsp;billion, beating<a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/n39717674/pricesmart-announces-fiscal-2024-third-quarter-operating-results" rel="noreferrer noopener"> the consensus of $1.21 billion</a>.
Net merchandise sales grew 11.6% to $1.19 billion in the quarter, and on a constant currency basis, sales increased by 9.1% Y/Y.
Comparable net merchandise sales for the 50 warehouse clubs open for more than 13 ½ calendar months increased&nbsp;7.8%&nbsp;for the 13 weeks ended June&nbsp;2, 2024.
Operating income rose to $49.9 million from $43.1 million in the prior year quarter. Adjusted EBITDA stood at $71.0 million vs. $63.9 million in the same period last year.
Adjusted&nbsp;EPS of $1.08, <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">exceeding the consensus of $1.01</a>.
As of May-end, the company had 54 warehouse clubs in operation vs 51 the prior year. The company held cash and equivalents of $231 million.
Investors can gain exposure to the stock via Invesco S&amp;P SmallCap Consumer Staples ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSCC#NASDAQ">PSCC</a>).
<h2 class="wp-block-heading">PSMT Stock Prediction For 2024</h2>
When buying a stock for a longer time horizon, it is important for investors to assess where they think the stock is headed in the future.
When mapping a stock's future trajectory, investors should consider factors including the future earnings expectations and expected performance against a benchmark.
Pricesmart&#8217;s revenue has grown at an average rate of 9.71% annually over the past 5 years. The average 1-year price target from analysts is $90.0, representing an expected 14.37% upside in 2025.
While past performance is not a guarantee of future results, investors should also look at a stock's historical performance when compared to both a benchmark index and the company's peers. Shares of Pricesmart have seen an annualized return of -3.19%, underperforming the S&amp;P500 index by 11.91%. This compares to 6.17% growth in the overall Consumer Staples sector. Pricesmart has a beta of 1.04.
Price Action: PSMT shares are up 1.25% at $79.28 at the last check Thursday.

Equities

Small Cap

PSCC

PriceSmart Packs A Punch: Q3 Earnings Soar Past Estimates with Solid Sales Growth

The futures market on Thursday reflected jitteriness as traders awaited the all-important consumer price inflation data. The broader market is amid a multi-session winning run and has been breaking records session after session, sending the valuation of especially some mega-cap stocks to unsustainable levels. An in-line to tamer monthly headline number could push up the S&amp;P 500 Index by as much as 1.75%, according to JPMorgan&#8217;s trading desk. A miss could send the index tumbling by as much as 2.50%, traders at the firm said.
The first few key earnings reports that dropped in disappointed, likely setting off worries concerning the reporting season. Traders may also keep a close eye on a couple of speeches by Federal Reserve officials and the Treasury auctions scheduled for the day.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.08%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.10%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.13%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.07%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption"> In premarket trading on Thursday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) edged down 0.08% to $560.88 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) slipped 0.04% to $502.75, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.</figcaption></figure>
Cues From Last Session:
U.S. stocks advanced strongly on Wednesday due to the support lent by Fed Chair Jerome Powell&#8217;s dovish comments that further accelerated the tech rally. The major indices gap-opened higher and moved roughly sideways in the first hour of trading. As traders digested Powell&#8217;s comments, they launched into a steady rally until the final hour of trading and the slope of the rally steepened thereafter, lifting the averages to a strong close.
The S&amp;P 500 Index and the tech-heavy Nasdaq Composite continued their record-breaking streak, both on an intraday and closing basis, with the former setting its sixth straight record close and the latter the seventh. The Dow Jones Industrials Average, which has lagged its other two illustrious counterparts, had the best session since May 31, with all but two index components closing in the green.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>+1.18%</td>
<td>18,647.45</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+1.02%</td>
<td>5,633.91</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>+1.09%</td>
<td>39,721.36</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>+1.10%</td>
<td>2,051.75</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption"> Insights From Analysts:</figcaption></figure>
Lisa Shalett, Chief Investment Officer at Morgan Stanley, in a recent podcast, offered her take on the implications of the Nov. 5 election for investors now that it appears that the presumptive Republican candidate Donald Trump appeared to be pulling away with an appreciable lead.
She sees a potential extension of the 2017 tax cuts in the eventuality of a GOP victory to contribute to higher interest rates, which in turn may weigh on corporate profits and stock valuations. Higher tariffs could reignite inflationary pressure, potentially exacerbating consumer pain from high prices, she said. The strategist also sees immigration curbs to slow U.S. population gains that have supported economic growth and disinflation. 
&#8220;Investors should consider adding portfolio exposure to business sectors such as energy, telecommunications and utilities, while focusing on investments that offer growth at a reasonable price,&#8221; she said.
Lumida Wealth&#8217;s Ram Ahluwalia suggested that Wednesday&#8217;s stock market rally is a foretaste of things to come when the Fed cuts rate. &#8220;What you saw yesterday, and on last month's CPI print, is a preview of what will happen when the Fed cuts Small caps especially will ramp, and we can see it happening now,&#8221; he said.
Upcoming Economic Data:
The Bureau of Labor Statistics is due to release its consumer price inflation report for June at 8:30 a.m. EDT. The consensus estimates are as follows:
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td></td>
<td>Consensus</td>
<td>April Readings</td>
</tr>
<tr>
<td>CPI (m-o-m)</td>
<td>0.1%</td>
<td>0%</td>
</tr>
<tr>
<td>CPI (y-o-y)</td>
<td>3.1%</td>
<td>3.3%</td>
</tr>
<tr>
<td>Core CPI (m-o-m)</td>
<td>0.2%</td>
<td>0.2%</td>
</tr>
<tr>
<td>Core CPI (y-o-y)</td>
<td>3.4%</td>
<td>3.4%</td>
</tr>
</tbody>
</table>
</figure>
Among the other Main Street events are:
<ul>
<li>The Labor Department&#8217;s weekly jobless claims report, due at 8:30 a.m. EDT, is expected to show that the number of individuals claiming unemployment benefits may have edged down to 236,000 in the week ended July 6 versus 238,000 in the previous reporting week.</li>
<li>Atlanta Fed President Raphael Bostic&nbsp;is scheduled to speak at 11:15 a.m. EDT.</li>
<li>St. Louis Fed President Alberto Musalem&nbsp;will make a public appearance at 1 p.m. EDT.</li>
<li>The Treasury will auction four- and eight-week notes at 11:30 a.m. EDT and 30-year notes at 1 p.m. EDT.</li>
<li>The Treasury will release the monthly federal budget for June at 2 p.m. EDT. Economists, on average, expect the deficit to shrink from $228 billion to $33 billion.</li>
</ul>
See also: <a href="https://www.benzinga.com/money/best-futures-trading-software">Best Futures Trading Software</a>
Stocks In Focus:
<ul>
<li>PriceSmart, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>) rose nearly 6% <a href="https://benzinga.grsm.io/register174">in premarket trading </a>in reaction to its quarterly results, while WD-40 Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDFC#NASDAQ">WDFC</a>) climbed nearly 12.50%.</li>
<li>Delta Air Lines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) and PepsiCo. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NYSE">PEP</a>) reported q<a href="https://www.benzinga.com/calendars/earnings">uarterly results ahead of the market open</a>, with the former falling over 6% after an earnings miss and weak third-quarter forecast, while the latter fell over 1.50% as second-quarter sales came in just shy of estimates of some analysts.</li>
<li>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) fell 0.61% following its 11-session winning streak, while its mega-cap peer Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) continued to grind higher.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures climbed for a second straight session and traded around the $82.50-a-barrel level and gold futures also traded in the green as they approached the $2,400 mark.
The 10-year Treasury note yield, which edged down on Wednesday, was modestly lower at 4.273%.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) edged down but has climbed past the $58K level after settling Wednesday&#8217;s session at around $57.7K.
Among equity markets, Asia followed Wall Street&#8217;s lead and closed notably higher, with the Hong Kong and Chinese markets recording standout gains. Japan&#8217;s Nikkei 224 average ended at a record high. Some positive regional data also added to the buoyancy. The Indian market bucked the trend and settled marginally lower.
In Europe, stocks started on a firm note after German inflation data came in line with expectations and the U.K. GDP rose strongly in the second quarter.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/07/39708345/around-19m-bet-on-this-tech-stock-check-out-these-3-stocks-insiders-are-buying">Around $19M Bet On This Tech Stock? Check Out These 3 Stocks Insiders Are Buying</a></li>
</ul>
Stocks Photo by Phongphan on Shutterstock

Futures

Previews

Federal Reserve

Movers

$BTC

WDFC

Wall Street Jittery Ahead Of Key Inflation Data After Delta Air Lines, Pepsi Disappoint: Strategist Recommends Sector Picks Amid Evolving Election Dynamics

Shares of WD-40 Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDFC#NASDAQ">WDFC</a>) rose sharply in today's pre-market trading after the company posted stronger-than-expected results for its <a href="https://www.benzinga.com/news/earnings/24/07/39718439/wd-40-stock-climbs-on-better-than-expected-q3-results-the-details">third quarter on Wednesday</a>.
Quarterly sales came in at $155 million which beat the analyst consensus estimate of $145.8 million. WD-40 reported quarterly earnings of $1.46 per share which beat the analyst consensus estimate of $1.27 per share, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
WD-40 shares jumped 12.5% to $247.20 in pre-market trading.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Volcon, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VLCN#NASDAQ">VLCN</a>) rose 65.8% to $6.05 in pre-market trading after declining over 6% on Wednesday.</li>
<li>Actelis Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASNS#NASDAQ">ASNS</a>) shares rose 47.7% to $2.32 in pre-market trading after the company announced it received a significant order valued at $260,000 to modernize the traffic systems in a major Mid-Atlantic county in the United States.</li>
<li>MingZhu Logistics Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YGMZ#NASDAQ">YGMZ</a>) gained 45.1% to $2.38 in pre-market trading after surging over 12% on Wednesday.</li>
<li>Blue Star Foods Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSFC#NASDAQ">BSFC</a>) shares rose 28% to $2.15 in pre-market trading after declining around 5% on Wednesday.</li>
<li>Kazia Therapeutics Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KZIA#NASDAQ">KZIA</a>) shares climbed 26.8% to $0.8478 in pre-market trading. Kazia Therapeutics shares jumped 248% on Wednesday after the company announced results from GBM-AGILE, a phase II/III study that included an evaluation of paxalisib versus standard of care for patients with glioblastoma.</li>
<li>Castellum, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTM#NYSE">CTM</a>) rose 15.8% to $0.2316 in pre-market trading. On Wednesday, Castellum said it retired its term loan with Live Oak Banking Company ahead of schedule.</li>
<li>Novo Integrated Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVOS#NASDAQ">NVOS</a>) gained 14.9% to $0.5885 in pre-market trading after gaining over 5% on Wednesday.</li>
<li>NaaS Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAAS#NASDAQ">NAAS</a>) shares gained 14.3% to $5.35 in pre-market trading after surging 44% on Wednesday.</li>
<li>PriceSmart, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>) rose 5.1% to $82.32 in pre-market trading as the company reported better-than-expected results for its third quarter on Wednesday. The company posted quarterly earnings of $1.08 per share which beat the analyst consensus estimate of $1.01 per share.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Inspire Veterinary Partners, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IVP#NASDAQ">IVP</a>) shares fell 22.6% to $5.73 in pre-market trading after jumping 110% on Wednesday. Inspire Veterinary Partners announced the closing of $6 million public offering.</li>
<li>Virpax Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRPX#NASDAQ">VRPX</a>) shares declined 14.7% to $1.45 in pre-market trading. Virpax Pharmaceuticals shares jumped over 46% on Wednesday after the company announced results for a Swine Model pilot study for Probudur.</li>
<li>Longeveron Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGVN#NASDAQ">LGVN</a>) shares fell 14.3% to $3.90 in pre-market trading. Longeveron shares jumped over 58% on Wednesday after the company announced that the FDA granted Regenerative Medicine Advanced Therapy designation to Lomecel-B for the treatment of mild Alzheimer&#8217;s Disease.</li>
<li>Cingulate Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CING#NASDAQ">CING</a>) shares fell 14.1% to $0.5571 in pre-market trading after gaining 74% on Wednesday.</li>
<li>Zapp Electric Vehicles Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZAPP#NASDAQ">ZAPP</a>) fell 13.8% to $8.06 in pre-market trading after dipping around 48% on Wednesday.</li>
<li>Innovative Eyewear, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUCY#NASDAQ">LUCY</a>) fell 11.4% to $0.4066 in pre-market trading after gaining over 20% on Wednesday.</li>
<li>Scisparc Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPRC#NASDAQ">SPRC</a>) shares fell 10.7% to $0.60 in pre-market trading. SciSparc recently signed a non-binding letter of intent to spin off its clinical-stage pharmaceutical portfolio and its equity stake in SciSparc Nutraceuticals.</li>
<li>SAI.TECH Global Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAI#NASDAQ">SAI</a>) shares dipped 7% to $1.07 in pre-market trading after jumping more than 28% on Wednesday.</li>
<li>Newegg Commerce Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEGG#NASDAQ">NEGG</a>) shares fell 9.1% to $1.00 in pre-market trading after declining 5% on Wednesday. Newegg Commerce, on Monday, announced that the presale for its tenth annual FantasTech Sales event is now live.</li>
<li>LiveWire Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LVWR#NASDAQ">LVWR</a>) shares declined 6.8% to $7.00 in pre-market trading. LiveWire Group is expected to release its second quarter financial results before the opening bell Thursday, July 25.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/07/39722606/s-p-500-settles-above-5-600-for-first-time-ahead-of-inflation-data-fear-index-moves-to-greed-zone">S&amp;P 500 Settles Above 5,600 For First Time Ahead Of Inflation Data, Fear Index Moves To &#8216;Greed&#8217; Zone</a></li>
</ul>

ASNS

BSFC

CING

KZIA

LGVN

LUCY

LVWR

NAAS

NEGG

NVOS

SPRC

VLCN

VRPX

YGMZ

ZAPP

Why WD-40 Shares Are Trading Higher By Over 12%; Here Are 20 Stocks Moving Premarket

With U.S. stock futures trading lower this morning on Thursday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects PepsiCo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) to report quarterly earnings at $2.16 per share on revenue of $22.60 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. PepsiCo shares gained 0.2% to $163.99 in the after-hours trading session.</li>
<li>WD-40 Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDFC#NASDAQ">WDFC</a>) posted stronger-than-expected results for its third quarter on Wednesday. WD-40 shares surged 12.3% to $246.69 in the after-hours trading session.</li>
<li>Analysts are expecting Delta Air Lines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) to post quarterly earnings at $2.37 per share on revenue of $15.45 billion. The company will release earnings before the markets open. Delta Air shares gained 0.3% to $47.00 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>PriceSmart, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>) reported better-than-expected results for its third quarter on Wednesday. The company posted quarterly earnings of $1.08 per share which beat the analyst consensus estimate of $1.01 per share. PriceSmart shares climbed 5.9% to $82.90 in the after-hours trading session.</li>
<li>Analysts expect Conagra Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAG#NYSE">CAG</a>) to post quarterly earnings at 57 cents per share on revenue of $2.93 billion. Conagra shares fell 1% to $28.53 in after-hours trading.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/07/39708384/top-3-tech-stocks-that-could-blast-off-in-july">Top 3 Tech Stocks That Could Blast Off In July</a></li>
</ul>
Photo courtesy: Shutterstock

PepsiCo, Delta Air Lines And 3 Stocks To Watch Heading Into Thursday

PriceSmart shares are trading higher following better-than-expected Q3 financial results.

Pricesmart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>) reported quarterly earnings of $1.08 per share which beat the analyst consensus estimate of $1.01 by 6.93 percent. The company reported quarterly sales of $1.230 billion which beat the analyst consensus estimate of $1.207 billion by 1.92 percent. This is a 12.12 percent increase over sales of $1.097 billion the same period last year.

Pricesmart Q3 2024 Adj EPS $1.08 Beats $1.01 Estimate, Sales $1.230B Beat $1.207B Estimate

The market&#8217;s bullish bias will likely be put to the test on Wednesday as some key market-moving catalysts due this week could pose a threat to the upward momentum. Federal Reserve Chair Jerome Powell is scheduled to testify before the House Financial Committee and is widely expected to be<a href="https://www.benzinga.com/markets/equities/24/07/39692638/powell-says-labor-market-strong-not-overheated-fed-chair-awaits-right-moment-to-cut-interest-rat"> in line with his comments from Tuesday.</a> Traders may also bide time as the second-quarter earnings season kicks off with the big banks this week.
Early indications suggest tech stocks could extend their strength, potentially propping up the market that has been on an extended run. The results of the 10-year note auction could also impact sentiment. Some profit-taking cannot be ruled out ahead of Thursday&#8217;s consumer price inflation report.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.29%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.16%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.01%</td>
</tr>
<tr>
<td>R2K</td>
<td>+0.33%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption"> In premarket trading on Wednesday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.17% to $556.76 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) gained 0.29% to $499.23, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.</figcaption></figure>
Cues From Last Session:
U.S. stocks closed Tuesday&#8217;s session on a mixed note as traders took stock of Powell&#8217;s rhetoric about inflation. Mega-cap stocks Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) came to the market&#8217;s rescue helping to overcome the fatigue that set in following the market&#8217;s record run. Some defensive sectors such as healthcare, real estate and utility stocks gained ground, and financial stocks rose solidly.
After a positive open, the Nasdaq Composite and the S&amp;P 500 indices stayed mostly higher, although closing sharply off their early highs. Yet, these two averages set new intraday and closing records during the session. The underperformance of the Dow Jones Industrial Average continued as it languished in negative terrain but for some mid-session strength. 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>+0.14%</td>
<td>18,429.29</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+0.07%</td>
<td>5,576.98</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>-0.13%</td>
<td>39,291.97</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.45%</td>
<td>2,029.47</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption"> Insights From Analysts:</figcaption></figure>
The stock market could face difficulty sustaining the upward momentum seen in the first half of the year, said LPL Financial analysts in the firm&#8217;s mid-year outlook. The first-half outperformance, the firm said, is driven by anticipation of looser Fed policy and robust corporate earnings growth. &#8220;However, elevated valuations and potential volatility, especially with the upcoming U.S. presidential election, suggest a more cautious approach moving forward.&#8221; 
Mark Newton, Global Head of Technical Strategy at Fundstrat, said the financial sector is worth keeping an eye on as it has been coming back to life. The strategist said the divergence between the large-cap tech and broader market and the economic weakness has been used as an excuse to bet on a market correction and/or underperformance. &#8220;There&#8217;s no saying that Tech HAS to peak out while others still languish,&#8221; he added.
&#8220;There&#8217;s obviously that &#8220;other&#8221; scenario, where the broader market comes back to life as rates fall.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Many remain perplexed at the degree of divergence between Large-cap Tech and broader market along with Economic weakness on the fringes &amp; have used that as an excuse to bet on a market correction and/or underperformance. There&#39;s no saying that Tech HAS to peak out while others… <a href="https://t.co/3Ef5JvgMgO">pic.twitter.com/3Ef5JvgMgO</a>
&mdash; Mark Newton CMT (@MarkNewtonCMT) <a href="https://twitter.com/MarkNewtonCMT/status/1810719186139910180?ref_src=twsrc%5Etfw">July 9, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<figcaption class="wp-element-caption">Upcoming Economic Data:</figcaption></figure>
<ul>
<li>The Commerce Department is due to release its wholesale inventories report for May at 10 a.m. EDT. Economists, on average, expect a 0.6% month-over-month increase in wholesale inventories, faster than the 0.1% increase in April.</li>
<li>Powell will begin testifying before the House Financial Committee at 10 a.m. EDT.</li>
<li>The Energy Information Administration will release its weekly petroleum status report at 10:30 a.m. EDT.</li>
<li>The Treasury is set to auction 10-year notes at 1 p.m. EDT.</li>
<li>Chicago Fed President Austan Goolsbee and Fed Governor Michelle Bowman are scheduled to speak at a Fed event on childcare&nbsp;at 2:30 p.m. EDT.</li>
<li>Fed Governor Lisa Cook&nbsp;will make a public appearance at 7:30 p.m. EDT.</li>
</ul>
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures</a>
Stocks In Focus:
<ul>
<li>Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) climbed 2.40% <a href="https://www.benzinga.com/premarket">in premarket trading</a> after the foundry, which supplies chips to the likes of Nvidia, reported solid June quarter revenue.</li>
<li>Baidu, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) climbed over 3% on optimism over its robotaxi service.</li>
<li>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) retreated over 1% amid a negative analyst action.</li>
<li>10x Genomics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXG#NASDAQ">TXG</a>) plunged over 15% on an analyst downgrade.</li>
<li>Manchester United plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MANU#NYSE">MANU</a>) is <a href="https://www.benzinga.com/calendars/earnings">scheduled to release its earnings report</a> ahead of the market open, while PriceSmart, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>) and WD-40 Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDFC#NASDAQ">WDFC</a>) are due after the close.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures are little changed with a negative bias after they declined for three straight sessions. While gold futures were rising for a second straight session. The benchmark 10-year Treasury note yield fell 2.7 points to 4.27%, while Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rallied more than 2% to above the $58.6K level.
The Asian market closed Wednesday&#8217;s session on a mixed note, with weaker Chinese consumer price inflation data weighing down on the Chinese and Hong Kong markets. The Japanese market, on the other hand, advanced and the Taiwanese market received support from a tech rally.
European stocks are recovering from the weakness seen in the<a href="https://www.benzinga.com/general/politics/24/07/39654867/who-is-the-uks-new-prime-minister-keir-starmer-and-what-does-he-stand-for"> aftermath of the regional election results.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39703500/june-cpi-report-on-traders-radar-analysts-predict-s-p-500-move-for-wednesday-under-different-inflati">June CPI Report On Traders&#8217; Radar: Analysts Predict S&amp;P 500 Move For Thursday Under Different Inflation Scenarios</a></li>
</ul>
Photo via Shutterstock

Economics

BIDU

MANU

SMCI

Nasdaq, S&P 500 Futures Rise Amid Tech Buoyancy, Bitcoin Gains 2%: Analyst Warns Of Elevated Valuations And Potential Election Volatility

The CNN Money Fear and Greed index remained in the &#8220;Neutral&#8221; zone on Tuesday.
U.S. stocks closed mixed on Tuesday, with the S&amp;P 500 hitting fresh record as Federal Reserve Chairman Jerome Powell issued positive comments on the economy and the job market during his semiannual testimony before the Senate Banking Committee.
Data on consumer price index for June will be released on Thursday, while producer price index data will be released on Friday.
NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shares gained 2.5% on Tuesday as Keybanc analyst John Vinh maintained the stock with an Overweight rating and boosted the price target from $130 to $180.
Most sectors on the S&amp;P 500 closed on a positive note, with financials, health care and utilities stocks recording the biggest gains on Tuesday. However, energy and materials stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed lower by around 53 points to 39,291.97 on Tuesday. The S&amp;P 500 rose 0.07% at 5,576.98, while the Nasdaq Composite climbed 0.14% at 18,429.29 during Tuesday's session.
Investors are awaiting earnings results from Manchester United plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MANU#NYSE">MANU</a>), PriceSmart, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>) and AZZ Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZZ#NYSE">AZZ</a>) today.
Big banks, including, Citigroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) and JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) are scheduled to report second-quarter earnings on Friday.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 52.3, the index remained in the &#8220;Neutral&#8221; zone on Tuesday, versus a prior reading of 52.3.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/07/39690602/delta-air-lines-likely-to-report-lower-q2-earnings-here-are-the-recent-forecast-changes-from-wall-s">Delta Air Lines Likely To Report Lower Q2 Earnings; Here Are The Recent Forecast Changes From Wall Street&#8217;s Most Accurate Analysts</a></li>
</ul>
Stocks Photo by Jirapong Manustrong on Shutterstock

S&P 500 Clinches Yet Another Record Close After Jerome Powell's Testimony, Fear & Greed Index Remains In 'Neutral' Zone Ahead Of Key Data

With U.S. stock futures trading mixed this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Manchester United Plc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MANU#NYSE">MANU</a>) to report a quarterly loss at 27 cents per share on revenue of $162.92 million before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Manchester United shares gained 1.6% to $16.19 in the after-hours trading session.</li>
<li>Kura Sushi USA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRUS#NASDAQ">KRUS</a>) posted downbeat results for its third quarter on Tuesday. Kura Sushi shares fell 4.2% to $56.00 in the after-hours trading session.</li>
<li>Analysts are expecting PriceSmart, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>) to post quarterly earnings at $1.01 per share on revenue of $1.21 billion. The company will release earnings after the markets close. PriceSmart shares gained 1% to $79.00 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a> 
<ul>
<li>ImmuCell Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICCC#NASDAQ">ICCC</a>) reported preliminary sales results for the second quarter. The company said it sees preliminary sales of $5.47 million up from $3.53 million in the year-ago period. ImmuCell shares climbed 8.9% to $4.67 in the after-hours trading session.</li>
<li>Analysts expect AZZ Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZZ#NYSE">AZZ</a>) to post quarterly earnings at $1.30 per share on revenue of $402.05 million. AZZ shares gained 2.7% to $77.00 in after-hours trading.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/07/39690602/delta-air-lines-likely-to-report-lower-q2-earnings-here-are-the-recent-forecast-changes-from-wall-s">Delta Air Lines Likely To Report Lower Q2 Earnings; Here Are The Recent Forecast Changes From Wall Street&#8217;s Most Accurate Analysts</a></li>
</ul>
Photo courtesy: PriceSmart

ICCC

KRUS

PriceSmart, Kura Sushi And 3 Stocks To Watch Heading Into Wednesday

Scotiabank raised the firm's price target on PriceSmart (PSMT) to $100 from $82 and keeps a Sector Perform rating on the shares. The company will b...

PriceSmart price target raised to $100 from $82 at Scotiabank

PriceSmart Is Still On Sale At These Levels

The retail industry flourishes due to the growth of e-commerce, technological innovations that simplify and personalize shopping experiences, and higher consumer spending. Therefore, it could be wise to keep track of top retail stocks Target Corp (TGT), PriceSmart (PSMT), and Weis Markets (WMK). Keep reading… The retail industry is experiencing increased demand as a result of altering consumer preferences, digital transformation, and the rise of e-commerce. Therefore, investors could consider looking into retail stocks, Target Corporation (<a href="https://stocknews.com/stock/TGT/">TGT</a>), PriceSmart, Inc. (<a href="https://stocknews.com/stock/PSMT/">PSMT</a>), and Weis Markets, Inc. (<a href="https://stocknews.com/stock/WMK/">WMK</a>), which look poised for a comeback.
The global food and grocery retail industry is thriving, driven by consumers' growing demand for convenience and variety. The rapid rise of online grocery shopping, fueled by the increasing popularity of e-commerce platforms, is reshaping traditional retail practices and enhancing consumer accessibility. The rising demand for food and grocery retail is enabling the market to grow at a <a href="https://www.verifiedmarketresearch.com/product/food-grocery-retail-market/">CAGR of 3.3%</a> by 2031.
Additionally, the future of retail centers on omnichannel experiences that seamlessly integrate physical and digital interactions, creating a unified purchasing journey across multiple platforms. <a href="https://www.verifiedmarketresearch.com/product/retail-industry-market/">Artificial Intelligence (AI) and machine learning</a> are expected to elevate personalization, offering tailored product recommendations, intelligent pricing strategies, and responsive customer support through chatbots and virtual assistants.
Considering these conducive trends, let's examine the <a href="https://stocknews.com/category/grocery-big-box-retailers/">Grocery/Big Box Retailers</a> stocks in detail, starting with the third one:
Stock #3: Target Corporation (<a href="https://stocknews.com/stock/TGT/">TGT</a>)
TGT operates as a major U.S. general merchandise retailer that offers a wide range of products, including apparel, beauty, groceries, electronics, and home goods. It sells its merchandise through physical stores, Target.com, and digital channels, and it enhances the customer experience with design partnerships and in-store amenities.
On October 22, TGT announced its intention to lower regular prices on more than 2,000 items across owned and national brands this holiday season, which should boost its sales.
In terms of forward non-GAAP <a href="https://www.investopedia.com/terms/p/price-earningsratio.asp">P/E</a>, TGT is trading at 15.41x, which is 8.6% lower than the industry average of 16.85x. Also, its forward EV/EBITDA multiple of 9.26 is 14.3% lower than the industry average of 10.81.
In the third quarter of 2024, which ended November 2, TGT's sales increased marginally year-over-year to $25.23 billion. Its operating income came in at $1.17 billion. The company reported net earnings of $854 million and $1.85 per share.
Analysts expect TGT's revenue and EPS for the fiscal first quarter (ending April 2024) to increase 2.3% and 1% year-over-year to $25.10 billion and $2.04, respectively.
Shares of TGT have surged 5.9% over the past month to close the last trading session at $132.40.
TGT's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its outlook. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.   TGT also has a B grade for Momentum, Value, and Quality. It is ranked #31 out of 37 stocks in the A-rated <a href="https://stocknews.com/category/grocery-big-box-retailers/">Grocery/Big Box Retailers</a> industry. 
To see additional POWR Ratings for Growth, Stability, and Sentiment, click <a href="https://stocknews.com/stock/TGT/">here</a>.
Stock #2: PriceSmart, Inc. (<a href="https://stocknews.com/stock/PSMT/">PSMT</a>)
PSMT owns and operates U.S.-style membership shopping warehouse clubs in the United States, Central America, the Caribbean, and Colombia. The company provides basic and private label consumable and non-consumable products under the Member's Selection brand, including groceries, cleaning supplies, health and beauty aids, meat, produce, deli, seafood, and poultry.
In terms of forward non-GAAP EV/Sales, PSMT is trading at 0.54x, which is 66.9% lower than the industry average of 1.65x. Also, its forward EV/EBITDA multiple of 8.84 is 18.2% lower than the industry average of 10.81.
In the fourth quarter that ended on August 31, 2024, PSMT's total revenue increased 9.8% year-over-year to $1.23 billion. Its operating income stood at $49.21 million. The company's net income and net income per share grew 89% and 91.8% year-over-year to $29.07 million and $0.94.
Analysts expect PSMT's revenue and EPS for the fiscal first quarter (ended November 2024) to increase 6.3% and 9.7% year-over-year to $1.24 billion and $1.36, respectively. Also, the company has topped the consensus revenue estimate in each of the four trailing quarters, which is remarkable.
The stock gained 16.9% over the past six months to close the last trading session at $94.57.   
PSMT's POWR Ratings reflect robust prospects. The stock has an overall rating of B, which translates to Buy in our proprietary rating system. PSMT has an A grade for Growth and a B for Value, Momentum, and Stability. It is ranked #24 in the same industry. 
Beyond what is stated above, we've also rated PSMT for Sentiment and Quality. Get all PSMT ratings <a href="https://stocknews.com/stock/PSMT/">here</a>.
Stock #1: Weis Markets, Inc. (<a href="https://stocknews.com/stock/WMK/">WMK</a>)
WMK engages in the retail sale of food through a chain of supermarkets in Pennsylvania and surrounding states. The company's retail food stores sell groceries, dairy products, frozen foods, meats, seafood, fresh produce, floral, and pharmacy services; deli products; prepared foods, bakery products, beer and wine, and fuel; and general merchandise items. 
In terms of trailing-12-month EV/Sales, WMK is trading at 0.34x, which is 79.6% lower than the industry average of 1.68x. Also, its trailing-12-months EV/EBITDA multiple of 7.13 is 35.8% lower than the industry average of 11.11.
For the third quarter ended September 28, 2024, WMK's net sales increased 5.5% year-over-year to $1.19 billion. Its operating income came in at $29.56 million. The company's net earnings were reported at $75.26 million and $2.80.
Over the past six months, WMK's stock has gained 8.5% to close the last trading session at $68.50.
WMK's POWR Ratings reflect its bright outlook. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system.
WMK has a B grade for Stability and Sentiment and a B in Momentum. It is ranked #12 in the same industry.
For additional WMT's Stability, Quality, and Value, click <a href="https://stocknews.com/stock/WMK/">here</a>.  
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
TGT shares were trading at $136.29 per share on Thursday afternoon, up $3.89 (+2.94%). Year-to-date, TGT has declined -0.67%, versus a 28.08% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Nidhi Agarwal</h2> <img src='https:/wp-content/uploads/2023/03/Nidhi-Agarwal_Headshot-3.jpg' style="float:left; padding:5px;width:125px;">Nidhi is passionate about the capital market and wealth management, which led her to pursue a career as an investment analyst. She holds a bachelor's degree in finance and marketing and is pursuing the CFA program.

Her fundamental approach to analyzing stocks helps investors identify the best investment opportunities.<a href="https://stocknews.com/authors/?author=nidhi-agarwal">More...</a>The post <a href=https://stocknews.com/news/tgt-psmt-wmk-3-undervalued-retail-stocks-poised-for-a-comeback/>3 Undervalued Retail Stocks Poised for a Comeback</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Undervalued Retail Stocks Poised for a Comeback

The retail industry is undergoing a transformative shift, fueled by e-commerce, mobile technologies, and data-driven strategies. As these innovations redefine shopping experiences, fundamentally robust retail stocks Walmart (WMT), Alibaba Group (BABA), and PriceSmart (PSMT) are strategically positioned to thrive in this evolving landscape. Read further... The retail industry is undergoing significant change, driven by the rise of e-commerce, mobile commerce, and data-driven insights. Therefore, investors could consider buying solid retail stocks Walmart Inc. (<a href="https://stocknews.com/stock/WMT/">WMT</a>), Alibaba Group Holding Limited (<a href="https://stocknews.com/stock/BABA/">BABA</a>), and PriceSmart, Inc. (<a href="https://stocknews.com/stock/PSMT/">PSMT</a>), which are strategically positioned to excel in the evolving digital landscape.
As the retail sector embraces digital transformation, companies are innovating to meet changing consumer demands and technological advancements. Retailers are adopting technologies like artificial intelligence, data analytics, and personalized marketing to enhance customer experiences and boost sales. The shift toward omnichannel retailing has further blurred the lines between online and offline shopping, catering to the growing demand for convenience and efficiency.
<a href="https://apnews.com/article/retail-sales-economy-spending-483d7ee469187253262c5b47442a1988">Retail sales rose 0.7%</a> in November, driven by a 2.6% jump at auto dealers, reflecting hurricane recovery demand and dealer incentives. Robust spending highlights steady economic growth despite high interest rates, which may prompt the Federal Reserve to ease rate cuts more gradually.
Furthermore, the global retail market is projected to touch $50.86 trillion by 2030, expanding at a <a href="https://www.mordorintelligence.com/industry-reports/retail-industry">CAGR of 7.7%</a>.
Considering these positive developments, let's delve deeper into retail stocks:
Walmart Inc. (<a href="https://stocknews.com/stock/WMT/">WMT</a>)
WMT is a global retailer offering groceries, health products, electronics, apparel, and financial services through physical stores and eCommerce platforms. It operates under Walmart, Sam's Club, and private brands like Allswell and Equate.
On December 3, WMT completed its acquisition of VIZIO, marking a significant expansion into the consumer electronics market.
It pays an annual dividend of $0.83, which translates to a dividend yield of 0.93% at the prevailing price levels.
WMT's total revenue increased 5.5% year-over-year to $169.59 billion in the fiscal 2024 third quarter that ended on October 31, 2024. Its adjusted operating income came in at $21.74 billion, up 9.5% year-over-year. Its <a href="https://www.investopedia.com/terms/n/netincome.asp">net income</a> came in at $4.71 million, up 633.1% year-over-year, while its adjusted EPS grew 13.7% from the year-ago value to $0.58.
Street expects WMT's revenue for the fiscal third quarter (ending January 2025) to increase 4% year-over-year to $178.74 billion. Its EPS for the same quarter is expected to grow 6.8% from the prior year to $0.64. In addition, it surpassed the consensus revenue estimates in each of the trailing four quarters.
Shares of WMT have gained 69.5% over the past year and 32.2% over the past six months to close the last trading session at $90.
WMT's bright prospects are apparent in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 distinct factors, with each factor weighted to an optimal degree.
It has an A grade in Stability and Sentiment and a B for Momentum. Within the same industry, it is ranked #14 out of 37 stocks in the A-rated <a href="https://stocknews.com/category/grocery-big-box-retailers/">Grocery/Big Box Retailers</a> industry.
Click <a href="https://stocknews.com/stock/WMT/">here</a> to see WMT's ratings for Growth, Value, and Quality.
Alibaba Group Holding Limited (<a href="https://stocknews.com/stock/BABA/">BABA</a>)
BABA, headquartered in Hangzhou, China, offers a wide range of products and services, including e-commerce platforms (Taobao, Tmall), logistics (Cainiao), cloud computing, digital media (Youku), and business efficiency tools (DingTalk). The company also provides wholesale marketplaces, on-demand delivery, and smart hardware like Tmall Genie.
On November 28, BABA announced the successful completion of a $2.65 billion offering of U.S. dollar-denominated senior unsecured notes on November 26. The offering underscores Alibaba's strategic financial initiatives to bolster its operational and growth plans.
The company pays an annual dividend of $ 2, which translates to a dividend yield of 2.36% at the prevailing price levels.
In the fiscal second quarter ended September 30, 2024, BABA's revenues increased marginally year-over-year to RMB236.50 million ($32.40 million). Its income from operations was RMB35.25 million ($4.83 million), up marginally from the year-ago value. Moreover, its non-GAAP net income and non-GAAP earnings per ADS stood at RMB36.52 million ($5 million) and RMB15.06 ($2.06), respectively.
Analysts expect BABA's revenue and EPS for the third quarter ending December 31, 2024, to increase 6.3% and 3.9% year-over-year to $ 38.47 billion and $2.74, respectively.
The stock climbed 15.3% over the past six months and has returned 13.6% over the past year to close the last trading session at $84.95.
BABA's POWR Ratings reflect strong prospects. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
It has a B grade for Growth, Momentum, Sentiment, and Quality. It is ranked #9 out of 43 stocks in the A-rated <a href="https://stocknews.com/category/china/">China</a> industry.
To access BABA's Value and Stability ratings, click <a href="https://stocknews.com/stock/BABA/">here</a>.
PriceSmart, Inc. (<a href="https://stocknews.com/stock/PSMT/">PSMT</a>)
PSMT based in the U.S., runs membership warehouse clubs in the Americas and the Caribbean. It offers groceries, electronics, home goods, private-label products, health services, and e-commerce with curbside pickup and delivery.
It pays an annual dividend of $1.16, which translates to a dividend yield of 1.26% at the prevailing price levels.
PSMT's total revenues increased 9.8% year-over-year to $ 1.23 billion in the fiscal fourth quarter that ended on August 31, 2024. Its operating income was $ 49.20 million, up 53.1% from the year-ago value. Its adjusted net income came in at $29.07 million, up 42.8% over the prior-year quarter. Its adjusted net income per share grew 44.6% from the year-ago value to $0.94.
Street expects PSMT's revenue for the fiscal first quarter (ending November 30, 2024) to increase 6.3% year-over-year to $ 1.24 billion. Its EPS for the same quarter is expected to grow 9.7% from the prior year to $1.36. In addition, it surpassed the consensus revenue estimates in all of the trailing four quarters.
Shares of PSMT have gained 23.3% over the past year and 16.7% over the past six months to close the last trading session at $92.91.
PSMT's bright prospects are apparent in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
It has an A grade for Growth and a B for Value, Momentum, and Stability. Within the A-rated Grocery/Big Box Retailers industry, it is ranked #24 out of 37.
Click <a href="https://stocknews.com/stock/PSMT/">here</a> to see PSMT's ratings for Sentiment and Quality.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>
&nbsp;

<hr />
WMT shares rose $0.14 (+0.16%) in premarket trading Friday. Year-to-date, WMT has declined -0.28%, versus a 0.10% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Kritika Sarmah</h2> <img src='https:/wp-content/uploads/2022/08/Kritika-Sarmah_Image-3.jpg' style="float:left; padding:5px;width:125px;">Her interest in risky instruments and passion for writing made Kritika an analyst and financial journalist. She earned her bachelor's degree in commerce and is currently pursuing the CFA program. With her fundamental approach, she aims to help investors identify untapped investment opportunities.<a href="https://stocknews.com/authors/?author=kritika-sarmah">More...</a>The post <a href=https://stocknews.com/news/wmt-baba-psmt-3-retail-stocks-thriving-in-a-digital-world/>3 Retail Stocks Thriving in a Digital World</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Retail Stocks Thriving in a Digital World

This week, several major companies will be reporting earnings. Among them are Delta Air Lines (DAL), Tilray (TLRY), Walgreens Boots Alliance (WBA),...

Options Volatility and Implied Earnings Moves This Week, January 06 – January 10, 2025

PriceSmart GAAP EPS of $1.21 misses by $0.15, revenue of $1.26B beats by $20M

Reports Q1 revenue $1.26B vs. $1.17B last year. Comparable net merchandise sales for the 52 warehouse clubs that have been open for greater than 13...

PriceSmart reports Q1 EPS $1.21 vs. $1.24 last year

PriceSmart sees higher operating costs erode FQ1 profits

Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGS –&nbsp; Penguin Solutions&nbsp;(PENG)&nbsp;...

Closing Bell Movers: Penguin Solutions up 16% on earnings beat

Scotiabank analyst Hector Maya maintained a Hold rating on Pricesmart (PSMT – Research Report) today and set a price target of $100.00. The company...

Pricesmart (PSMT) Gets a Hold from Scotiabank

APOG

AVDL

BABA

BBCP

CLDI

COST

ETWO

GMED

NEOG

NPCE

RELL

TLRY

Dividends

Press Releases

PriceSmart Announces 26% Increase to Annual Dividend; Voting Results from the 2024 Annual Meeting of Stockholders

PriceSmart Announces Opening of Fourth Warehouse Club in El Salvador and Earnings Release and Conference Call Details for the Second Quarter of Fiscal 2024

PRICESMART ANNOUNCES FISCAL 2024 SECOND QUARTER OPERATING RESULTS; $1.00 PER SHARE SPECIAL DIVIDEND; PLANS FOR NINTH WAREHOUSE IN COSTA RICA

PriceSmart Announces Release of its Fiscal Year 2023 Environmental and Social Responsibility (ESR) Report Highlighting Commitment to Sustainability and Community Impact and Conference Call Details for the Third Quarter of Fiscal 2024

PRICESMART ANNOUNCES FISCAL 2024 THIRD QUARTER OPERATING RESULTS

PriceSmart Announces Earnings Release and Conference Call Details for the Fourth Quarter of Fiscal 2024

PRICESMART ANNOUNCES FISCAL 2024 FOURTH QUARTER OPERATING RESULTS AND PLANS FOR SEVENTH WAREHOUSE CLUB IN GUATEMALA

PriceSmart Announces Earnings Release and Conference Call Details for the First Quarter of Fiscal 2025

PriceSmart Announces Change in Schedule for Earnings Release and Quarterly Report

PRICESMART ANNOUNCES FISCAL 2025 FIRST QUARTER OPERATING RESULTS

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