US9113631090 - Common Stock
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the specialty equipment distributors industry, including United Rentals (NYSE:URI) and its peers.
U-Haul currently trades at $67.07 per share and has shown little upside over the past six months, posting a small loss of 0.7%. The stock also fell short of the S&P 500’s 11.6% gain during that period.
Leggett & Platt has been treading water for the past six months, recording a small loss of 3% while holding steady at $11.28. The stock also fell short of the S&P 500’s 11.1% gain during that period.
Over the last six months, Keurig Dr Pepper’s shares have sunk to $32.08, producing a disappointing 5.5% loss - a stark contrast to the S&P 500’s 11.1% gain. This may have investors wondering how to approach the situation.
Microsoft currently trades at $412.28 per share and has shown little upside over the past six months, posting a small loss of 3.1%. The stock also fell short of the S&P 500’s 10.4% gain during that period.
Shareholders of Hudson Technologies would probably like to forget the past six months even happened. The stock dropped 38.6% and now trades at $5.89. This was partly driven by its softer quarterly results and might have investors contemplating their next move.
Shareholders of America's Car-Mart would probably like to forget the past six months even happened. The stock dropped 35% and now trades at $42.03. This was partly driven by its softer quarterly results and may have investors wondering how to approach the situation.
Before the opening bell on Monday, let's take a glimpse of the US markets and explore the S&P500 top gainers and losers in today's pre-market session.
Over the past six months, Ford has fallen to $11.12 per share. Shareholders have lost 9.8% of their capital, which is highly disappointing because the S&P 500 has climbed 11.2%. This may have investors wondering how to approach the situation.
Verizon has been treading water for the past six months, recording a small return of 1.8% and holding steady at $41.22. The stock also fell short of the S&P 500 index’s 10.5% gain during that time.
Over the past six months, Nextracker has fallen to $39.97 per share. Shareholders have lost 13.1% of their capital, which is highly disappointing because the S&P 500 has climbed 11.5%. This may have investors wondering how to approach the situation.
What a brutal six months it’s been for Core & Main. The stock has dropped 31.7% and now trades at $42.36, rattling many shareholders. This was partly driven by its softer quarterly results and may have investors wondering how to approach the situation.
Construction Partners has been on fire lately. In the past six months alone, the company’s stock price has rocketed 54.4%, reaching $88.35 per share. This was partly due to its solid quarterly results, and the performance may have investors wondering how to approach the situation.
Duckhorn’s 37.4% return over the past six months has outpaced the S&P 500 by 25.8%, and its stock price has climbed to $11.03 per share. This was partly due to its solid quarterly results, and the performance may have investors wondering how to approach the situation.
Yum! Brands has shown little upside over the past six months. It has held steady at $135 per share, posting a small 1% loss. The stock also fell short of the S&P 500 index’s 14.8% return during that time.
Although Uber’s stock ($71.90 per share) has gained 8.9% over the last six months, it has trailed the S&P 500’s 14.8% return during that time. This might have investors contemplating their next move.
Since November 2019, the S&P 500 has delivered a total return of 92.7%. But one standout stock has more than doubled the market - over the past five years, Netflix has surged 191% to $822.90 per share. The party hasn’t stopped as it’s also gained 33.5% in the last six months, beating the market by 19.1%. This was partly thanks to its solid quarterly results, and the performance may have investors wondering how to approach the situation.
Lowe's trades at $270.40 per share and has stayed right on track with the overall market, gaining 16.1% over the last six months while the S&P 500 returned 14.5%.
Shareholders of Wayfair would probably like to forget the past six months even happened. The stock dropped 45.2% and now trades at $39.09. This was partly driven by its softer quarterly results and might have investors contemplating their next move.
Zoom’s 36.9% return over the past six months has outpaced the S&P 500 by 22.3%, and its stock price has climbed to $86.41 per share. This was partly due to its solid quarterly results, and the run-up might have investors contemplating their next move.
During the past six months, United Parcel Service has fallen to $133.45 per share. Shareholders have lost 9.7% of their capital, which is highly disappointing because the S&P 500 has climbed 15.5%. This may have investors wondering how to approach the situation.
Shares of equipment rental company United Rentals (NYSE:URI) jumped 11.4% in the afternoon session after stocks rallied as Republican party candidate Donald Trump was declared the winner of the 2024 US presidential election. For industrials stocks, President-elect Trump is considered more pro-business and a defender of American industrial interests. This could generally lead to a more robust capital expenditures and investment environment.
Equipment rental company United Rentals (NYSE:URI) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 6% year on year to $3.99 billion. The company’s outlook for the full year was also close to analysts’ estimates with revenue guided to $15.2 billion at the midpoint. Its non-GAAP profit of $11.80 per share was 5.5% below analysts’ consensus estimates.