The broader U.S. stock market averages gained more than 1% across the board on Friday, as the S&P 500 rallied for a fourth consecutive week.
Energy names led the way higher, as investors took solace that the latest inflation data were not as bad as feared.
On Wednesday, it was reported that core July consumer prices (CPI) increased 5.9% from a year ago, excluding food and energy. This figure was the same as the previous month and lower than expected.
The next day, it came out that core producer prices (PPI) were up 7.6% in July; showing a deceleration from the previous month and falling short of estimates.
The Week Ahead
Retail names headline the reporting calendar this week, beginning with Home Depot (HD) and Wal-Mart (WMT) on Tuesday. Cisco Systems (CSCO) and Lowe’s (LOW) are scheduled for Wednesday, while Deere (DE) reports Friday.
On the economic front, we’ll get some looks at the state of the U.S. housing market throughout the week. Wednesday brings the July retail sales report, in addition to the minutes of the latest FOMC meeting.
Given a slowing growth outlook and the prospect of higher interest rates, it could become hard to come by investment gains in 2022. As a result, deciding what and when to buy can be challenging for any investor.
However, the fact remains that investments with upside potential and other positive signals are out there if you dig a little deeper.
One such Energy name worth a closer look at is our Stock of the Week.
Stock of the Week: Matador Resources (MTDR)
The company explores and produces energy commodities, focusing on oil and natural gas shale in the Delaware Basin.
The stock gained 14% last week. It is showing signs that it has the potential to continue this relative outperformance into the final months of 2022. Here’s why:
Matador is carrying a lot of operating momentum, as was evident when it posted better-than-expected quarterly results in July. The company earned $3.47 a share in the second quarter, as revenue grew by 164% from the previous year to $943.9 million.
Upside in the period was driven by 18% sequential production growth. Matador also paid down more than $200 million of debt.
In the meantime, the stock appears inexpensive at just 5.7x profit expected over the next four quarters. This is a discount to both the broader market and the company’s expected annual earnings growth rate.
Wall Street agrees that Matador is attractively valued at current levels. All six analysts tracked by TipRanks rate the shares a Buy. Their average price target of $81.17 represents 33.6% upside potential.
In the meantime, the company carries an “Outperform” Smart Score of 10/10 on TipRanks. This data-driven stock score is based on 8 key market factors.
On top of the positive aspects mentioned already, the Smart Score indicates that shares have seen improving sentiment from hedge funds and financial bloggers.
FYI: This is just 1 of the 20+ stocks selected for the Smart Investor portfolio, a weekly newsletter that blends big data, and market insights.
Rally Continues as Inflation Fears Subside & Latest News Update
Rally Continues as Inflation Fears Subside & More Live News
All this news that I have made and shared for you people, you will like it very much and in it we keep bringing topics for you people like every time so that you keep getting news information like trending topics and you It is our goal to be able to get
all kinds of news without going through us so that we can reach you the latest and best news for free so that you can move ahead further by getting the information of that news together with you. Later on, we will continue
to give information about more today world news update types of latest news through posts on our website so that you always keep moving forward in that news and whatever kind of information will be there, it will definitely be conveyed to you people.
Rally Continues as Inflation Fears Subside & More News Today
All this news that I have brought up to you or will be the most different and best news that you people are not going to get anywhere, along with the information Trending News, Breaking News, Health News, Science News, Sports News, Entertainment News, Technology News, Business News, World News of this made available to all of you so that you are always connected with the news, stay ahead in the matter and keep getting today news all types of news for free till today so that you can get the news by getting it. Always take two steps forward
Credit Goes To News Website – This Original Content Owner News Website . This Is Not My Content So If You Want To Read Original Content You Can Follow Below Links