Shares of Veeva (NYSE:VEEV) have rallied about 40% this year, as the healthcare cloud services provider topped first-quarter analyst estimates with robust sales and earnings growth. Its revenue rose 22% annually to $195.5 million, beating estimates by $6.6 million. Its non-GAAP net earnings grew 43% to $0.33 per share, exceeding expectations by $0.02.
Veeva also raised its full-year sales guidance from $815 million-$820 million to $826 million-$830 million, implying 21% sales growth at the midpoint. Analysts had expected just 19% growth. It also hiked its EPS guidance from $1.30-$1.33 to $1.36-$1.38, which represents 47% growth at the midpoint and surpasses the consensus forecast for 42% growth.
Those are great growth figures, but Veeva's stock isn't cheap. At $77, it trades at 56 times this year's earnings. However, I think that Veeva could still be a great long-term growth play for four simple reasons.
Top 5 Cheap Stocks To Invest In Right Now: Wendy's/Arby's Group Inc.(WEN)
Advisors' Opinion:- [By Joseph Griffin]
Hsbc Holdings PLC lowered its position in shares of Wendys Co (NASDAQ:WEN) by 91.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,590 shares of the restaurant operator’s stock after selling 299,154 shares during the quarter. Hsbc Holdings PLC’s holdings in Wendys were worth $484,000 as of its most recent filing with the Securities & Exchange Commission.
- [By Shane Hupp]
Wendy’s (NASDAQ:WEN)‘s stock had its “buy” rating reiterated by equities researchers at Argus in a research note issued to investors on Thursday. They currently have a $16.34 price target on the restaurant operator’s stock, down from their prior price target of $19.00.
- [By Mac Greer]
He still has 29% of the company, he's still plastered on the pizza boxes and the marketing -- although, that's really been pulled back. Then, it's also come out this week that Wendy's (NASDAQ:WEN) and Papa John's, before all of this stuff came up over the past couple of months, they're actually in talks to have some sort of merger. Going forward, if you're the board of directors at Papa John's, I think you have to really consider that possibility. Maybe the best step forward for the company is to look for a merger or a sale, because, man, this seems like a train wreck that keeps accelerating. When you have Schnatter on the board, he would have to be in favor of a buyout or a merger for it to go through.
Top 5 Cheap Stocks To Invest In Right Now: Sirius XM Radio Inc.(SIRI)
Advisors' Opinion:- [By Steve Symington, Reuben Gregg Brewer, and Sean Williams]
So, we asked three top Motley Fool contributors to each find a growth stock for the long term. Read on to learn why they like 2U (NASDAQ:TWOU), Sirius XM (NASDAQ:SIRI), and Eaton (NYSE:ETN).
- [By Rick Munarriz]
Shares of Sirius XM Holdings (NASDAQ:SIRI) hit another 12-year high on Monday. The country's lone satellite radio provider would go on to improve its fundamentals, announcing that it's laying to rest a pending legal matter by settling with SoundExchange.
- [By Asit Sharma]
In this week's episode of Industry Focus: Consumer Goods, host Jason Moser and Motley Fool contributor Asit Sharma dive into the company's S-1 filing and explain why this potential IPO is so exciting for investors. Hear about the company's financials, competitive advantages, biggest threats, and more. Later in the show, the hosts update listeners about Sirius XM's (NASDAQ:SIRI) acquisition of Pandora. Plus they share what they'll be watching this earnings season out of Dunkin' Brands (NASDAQ:DNKN) and TripAdvisor (NASDAQ:TRIP).
- [By Rick Munarriz]
Investors don't have Pandora (NYSE:P) to kick around anymore. Sirius XM Holdings (NASDAQ:SIRI) closed on its purchase of the streaming music pioneer on Friday. Every share of Pandora was swapped out for 1.44 shares of Sirius XM, just three days after Pandora shareholders voted overwhelmingly in favor of the corporate combination.
- [By Rick Munarriz]
The market didn't exactly jump for joy with Sirius XM Holdings (NASDAQ:SIRI) following its first-quarter results on Wednesday. Revenue rose 6.3% to hit $1.375 billion, in line with analyst expectations but the satellite radio provider's weakest top-line growth since 2011. Free cash flow, operating cash flow, and earnings grew even faster, up 31%, 34%, and 40%, respectively. Sirius XM's profit of $0.06 a share did beat Wall Street's bottom-line target.
Top 5 Cheap Stocks To Invest In Right Now: Rent-A-Center Inc.(RCII)
Advisors' Opinion:- [By Chris Lange]
Rent-A-Center Inc. (NASDAQ: RCII) shares made an incredible gain on Monday after the company announced that it would be taken private by Vintage Rodeo Parent, an affiliate of Vintage Capital Management.
- [By Garrett Baldwin]
There's no guesswork involved, and the best part is – it'll only take you 10 minutes per day! Click here now to start this once-in-a-lifetime journey…
Stocks to Watch Today: KHC, HD, JWN, M, AAPL Kraft Heinz Co. (NYSE: KHC) is still licking its wounds after an abysmal earnings report on Thursday and a weak 2019 outlook. The consumer goods giant is looking to reshape its business as consumer tastes continue to evolve. According to reports, the firm – backed heavily by Warren Buffett's Berkshire Hathaway Inc. (NYSE: BRK.A) – is considering a deal to sell its Maxwell House brand. Warren Buffett is also affecting shares of Apple Inc. (NASDAQ: AAPL). Although AAPL stock added 0.4% in pre-market hours, Buffett said he would not purchase more shares of the company stock at these levels. However, should AAPL stock pull back in the near future, the "Oracle of Omaha" would consider purchasing more. Earnings season may be winding down, but concerns about the U.S. brick-and-mortar retail industry are always high. This week, Home Depot Inc. (NYSE: HD), Nordstrom Inc. (NYSE: JWN), and Macy's Inc. (NYSE: M) will report earnings from the holiday quarter. Look for earnings reports from American States Water Co. (NYSE: AWR), Chatham Lodging Trust (NYSE: CLDT), EPR Properties (NYSE: EPR), Etsy Inc. (NASDAQ: ETSY), Life Storage Inc. (NYSE: LSI), Mosaic Co. (NYSE: MOS), Oneok Inc. (NYSE: OKE), Potbelly Corp. (NASDAQ: PBPB), Preferred Apartment Communities Inc. (NYSE: APTS), Rent-A-Center Inc. (NASDAQ: RCII), Shake Shack Inc. (NYSE: SHAK), and Tenet Healthcare Corp. (NYSE: THC).Follow Money Morning on Facebook, Twitter, and LinkedIn.
- [By Ethan Ryder]
Get a free copy of the Zacks research report on Rent-A-Center (RCII)
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- [By ]
Engaged Capital maintained large positions in Rent-A-Center (RCII) , TiVo (TIVO) , Hain Celestial (HAIN) , SunOpta and Jamba Inc. (JMBA) , all companies that have either previously been targeted by Welling or currently are in his cross-hairs.
- [By Ethan Ryder]
Rent-A-Center (NASDAQ:RCII) gapped down before the market opened on Wednesday . The stock had previously closed at $9.36, but opened at $9.43. Rent-A-Center shares last traded at $9.54, with a volume of 375675 shares changing hands.
- [By Ethan Ryder]
ValuEngine upgraded shares of Rent-A-Center (NASDAQ:RCII) from a hold rating to a buy rating in a report issued on Tuesday.
A number of other research firms have also issued reports on RCII. TheStreet upgraded shares of Rent-A-Center from a d+ rating to a c- rating in a research note on Monday, July 9th. BidaskClub upgraded shares of Rent-A-Center from a hold rating to a buy rating in a research note on Friday, August 3rd. Zacks Investment Research upgraded shares of Rent-A-Center from a hold rating to a buy rating and set a $17.00 price objective on the stock in a research note on Wednesday, July 4th. Janney Montgomery Scott lowered shares of Rent-A-Center from a buy rating to a neutral rating in a research note on Monday, June 18th. Finally, Northcoast Research lowered shares of Rent-A-Center from a buy rating to a neutral rating in a research note on Tuesday, June 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. Rent-A-Center presently has a consensus rating of Hold and a consensus target price of $11.00.
Top 5 Cheap Stocks To Invest In Right Now: S&P GSCI(GD)
Advisors' Opinion:- [By Joseph Griffin]
General Dynamics Co. (NYSE:GD) insider S. Daniel Johnson sold 77,810 shares of the stock in a transaction on Friday, September 14th. The shares were sold at an average price of $199.85, for a total value of $15,550,328.50. Following the completion of the transaction, the insider now owns 99,333 shares of the company’s stock, valued at approximately $19,851,700.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
- [By ]
Finally, General Dynamics Corp. (GD) , along with Lockheed and BAE Systems, could possibly profit from heightened demand ships and other vehicles.
- [By Lou Whiteman]
Sciple: That will be our first look at how any of these companies was affected by the shutdown. We had a lot of defense contractors reporting earnings in this past week. Lockheed Martin (NYSE:LMT), General Dynamics (NYSE:GD), Raytheon (NYSE:RTN), Northrop (NYSE:NOC). Of course, those numbers are not embracing a significant chunk of the government shutdown. However, they did give relatively muted guidance looking out into next year. Can you talk about that a little bit?
- [By ]
In addition to increasing the dividend, Action Alerts PLUS holding Raytheon announced in late March that under the Department of Defense's DARPA program, it was developing technology that could control swarms of both air-based, and ground-based drone vehicles that might be launched using a "drag and drop" visual interface. My price target: $245.
General Dynamics (GD)This is one firm where we have already seen cash flows and margins improving. GD is also another defense name that increased their dividend in March. Think the Navy gets some love in the 2018 federal budget that earmarked $654 billion for the Pentagon? Me too. Know who runs the Virginia class submarine program? General Dynamics. In fact, the Navy just awarded a $696 million modification to that program for 2019.
Top 5 Cheap Stocks To Invest In Right Now: Kohl's Corporation(KSS)
Advisors' Opinion:- [By Joe Tenebruso]
But with the prices of many retailers down sharply in recent years, could there be some interesting bargains for investors? In this regard, let's take a look at Kohl's (NYSE:KSS) and J.C. Penney (NYSE:JCP) to see which of these retailers is the better buy today.
- [By Leo Sun]
Macy's slightly reduced its inventory year over year, and its gross margin rose 80 basis points year over year to 40.4%. That's a much higher gross margin that what peers like J.C. Penney (NYSE:JCP) and Kohl's (NYSE:KSS) have achieved recently.
- [By Daniel B. Kline]
Kohl's (NYSE:KSS) has proven to be one of the retail companies that understand how to operate in a changing market. The company, which at one point looked like it would fall victim to the so-called retail apocalypse, has posted some strong results recently.
- [By Lisa Levin]
Some of the stocks that may grab investor focus today are:
Wall Street expects Advance Auto Parts, Inc. (NYSE: AAP) to report quarterly earnings at $1.97 per share on revenue of $2.91 billion before the opening bell. Advance Auto Parts shares gained 0.06 percent to $119.22 in after-hours trading. Analysts expect Hewlett Packard Enterprise Company (NYSE: HPE) to post quarterly earnings at $0.31 per share on revenue of $7.38 billion after the closing bell. Hewlett Packard Enterprise shares gained 0.46 percent to $17.59 in after-hours trading. Before the opening bell, TJX Companies Inc (NYSE: TJX) is estimated to report quarterly earnings at $1.02 per share on revenue of $8.47 billion. TJX shares rose 0.35 percent to $85.00 in after-hours trading. Micron Technology, Inc. (NASDAQ: MU) reported a $10 billion buyback plan. Micron shares gained 3.46 percent to $57.40 in the after-hours trading session. Analysts are expecting Kohl's Corporation (NYSE: KSS) to have earned $0.5 per share on revenue of $3.95 billion in the latest quarter. Kohl's will release earnings before the markets open. Kohl's shares fell 0.60 percent to $65.08 in after-hours trading.Find out what's going on in today's market and bring any questions you have to Benzinga's PreMarket Prep.
- [By Chris Lange]
Kohl's Corp. (NYSE: KSS) will share its latest quarterly earnings on Tuesday. The consensus estimates call for $0.50 in EPS and $3.95 billion in revenue. Shares ended last week at $63.67, in a 52-week range of $35.16 to $69.48. The consensus analyst target is $69.76.
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