Summer vacations have never been cheap. Americans, as a whole, spent $100 billion on summer vacations in 2017, according to a report released by Allianz Global Assistance. While older generations are likely to spend more money on travel, even thrifty millenials spend on average $1,373 on summer travel. With this being the case, rising gasoline prices could influence summer travel plans starting this Memorial Day weekend.
This year, 41.5 million Americans plan to travel over the Memorial Day Weekend, according to the AAA. Nearly 37 million plan to drive to their destination. Currently, the average gas prices hover near $3 per gallon, and this could have an impact on how consumers plan to spend their vacation time.
Whether or not these high prices will affect the number of people who travel this summer is yet to be seen. GasBuddy predicted in their Annual Summer Travel Survey that the high prices will negatively impact travel, and that 24% fewer people will travel during summer 2018 than in 2017. Those who do travel may choose to stay closer to home and have shorter vacations than in previous years.
Top 5 Cheap Stocks To Invest In 2019: USG Corporation(USG)
Advisors' Opinion:- [By Max Byerly]
Get a free copy of the Zacks research report on USG (USG)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Ethan Ryder]
Get a free copy of the Zacks research report on USG (USG)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Jason Hall, George Budwell, and Chuck Saletta]
And while it may not always work out well to simply copy the moves other investors make, it can pay off to use their buying and selling moves as jumping-off points in your own research. We asked three real-world investors for their insight, and they wrote about two recent Buffett buys of Apple Inc. (NASDAQ:AAPL) and USG Corporation (NYSE:USG), and a recent Baker Brothers buy of Heron Therapeutics Inc (NASDAQ:HRTX).
Top 5 Cheap Stocks To Invest In 2019: 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 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 Stephan Byrd]
Get a free copy of the Zacks research report on General Dynamics (GD)
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- [By Reuben Gregg Brewer]
Shipbuilding and services specialist Huntington Ingalls (NYSE:HII) was spun off from Northup Grumman in early 2011. General Dynamics (NYSE:GD) is roughly six times larger and offers a far more diversified list of products and services that includes submarines, aircraft, and armored vehicles, among other things. Both, however, provide key products and services to the U.S. military. That's normally a fairly consistent business driven by large and often very long contracts. With a supportive administration in the White House, it would seem like now is a good time to take a look at this pair of stocks. But which of these two military-industrial companies is a better buy? Using a Benjamin Graham lens, the answer may not be what you want to hear.
- [By Lou Whiteman]
General Dynamics (NYSE:GD) has been the "wait 'til next year" story of the defense industry for several years now. The company's initial guidance for 2019 suggests that investors are going to need to be patient a while longer.
Top 5 Cheap Stocks To Invest In 2019: Emerson Electric Company(EMR)
Advisors' Opinion:- [By Benzinga News Desk]
Former President George H.W. Bush has been hospitalized in Houston with an infection, just after attending the funeral of his wife, Barbara, a spokesman said Monday: Link
ECONOMIC DATA Redbook Reports US Retail Sales During First 2 Weeks Of Apr. Up 0.3% MoM, Up 2.8% YoY USA S&P/CaseShiller House Price Index (MoM) for Feb Up 0.7% MoM New home sales report for March will be released at 10:00 a.m. ET. The Conference Board’s consumer sentiment index for April is schedule for release at 10:00 a.m. ET. The Richmond Fed manufacturing index for April will be released at 10:00 a.m. ET. The Treasury is set to auction 4-and 52-week bills at 11:30 a.m. ET. The Treasury will auction 2-year notes at 1:00 p.m. ET. ANALYST RATINGS Leerink upgraded Cardinal Health (NYSE: CAH) from Market Perform to Outperform Berenberg upgraded Emerson Electric (NYSE: EMR) from Sell to Hold Mizuho downgraded Skyworks (NASDAQ: SWKS) from Buy to Neutral BMO downgraded Texas Roadhouse (NASDAQ: TXRH) from Outperform to Market PerformThis is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five minutes. To get the full version of this note every morning, click here.
- [By Lee Samaha]
While long-term secular growth looks assured, it's the cyclical part of its growth that has come under scrutiny in 2018. It hasn't been an easy year for Rockwell shareholders, not least because they watched on as management rejected a $225 bid from Emerson Electric (NYSE:EMR) in the fall, and then watched on as its peer significantly outperformed while Rockwell's stock has declined in 2018.
- [By Logan Wallace]
Credit Suisse Group began coverage on shares of Emerson Electric (NYSE:EMR) in a report issued on Friday morning, Marketbeat.com reports. The firm issued a neutral rating and a $78.00 price objective on the industrial products company’s stock.
Top 5 Cheap Stocks To Invest In 2019: Sirius XM Radio Inc.(SIRI)
Advisors' Opinion:- [By Evan Niu, CFA]
In happier news, Sirius XM (NASDAQ:SIRI) finally acquired Pandora (NYSE:P). Tune in to find out what this deal will mean for shareholders, what these companies are trying to achieve by joining forces, and why some analysts and investors are skeptical.
- [By Rick Munarriz]
Shares of Sirius XM Holdings (NASDAQ:SIRI) hit a new 12-year high of $7.08 this week, and in terms of market cap the satellite radio provider has never been as valuable as it is right now. The market darling hasn't traded this high since late 2005, and it's fair to say that this was an entirely different company back then. Sirius had yet to merge with XM. The share count was substantially lower.
- [By Paul Ausick]
Sirius XM
The more than 206.74 million Sirius XM Holdings Inc. (NASDAQ: SIRI) shares that were short after the last two weeks of this month amounted to just 0.1% or so more than on the previous settlement date. This was the third-lowest level of short interest in the past year, and it totaled 15.8% of the available float. The average daily volume has shrunk in seven of the past eight periods, and the number of days to cover inched up to nearly 13. Sirius’ stock price was $7.22 at the trading day’s close yesterday. Its 52-week low is $5.09 and the 52-week high is $7.33, a multiyear high posted this week.
Top 5 Cheap Stocks To Invest In 2019: Wendy's/Arby's Group Inc.(WEN)
Advisors' Opinion:- [By Stephan Byrd]
Cannae (NYSE: CNNE) and Wendys (NASDAQ:WEN) are both finance companies, but which is the better business? We will contrast the two companies based on the strength of their institutional ownership, earnings, valuation, profitability, dividends, risk and analyst recommendations.
- [By Stephan Byrd]
Wendys (NASDAQ: WEN) and Empire Resorts (NASDAQ:NYNY) are both retail/wholesale companies, but which is the better investment? We will contrast the two companies based on the strength of their dividends, institutional ownership, earnings, valuation, profitability, analyst recommendations and risk.
- [By Max Byerly]
WEN has been the subject of a number of recent analyst reports. ValuEngine upgraded Wendys from a “hold” rating to a “buy” rating in a research report on Saturday, November 10th. Stifel Nicolaus downgraded Wendys from a “buy” rating to a “hold” rating in a research report on Monday, January 7th. Oppenheimer upgraded Wendys from a “market perform” rating to an “outperform” rating and set a $20.00 target price for the company in a research report on Wednesday, January 9th. Wedbush downgraded Wendys from an “outperform” rating to a “neutral” rating and cut their target price for the company from $20.00 to $17.50 in a research report on Wednesday, January 9th. Finally, Wells Fargo & Co cut their target price on Wendys from $18.00 to $17.50 and set a “market perform” rating for the company in a research report on Thursday, November 8th. Nine investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Wendys has a consensus rating of “Buy” and a consensus target price of $19.65.
ILLEGAL ACTIVITY WARNING: “Wendys (WEN) to Release Earnings on Thursday” was published by Ticker Report and is the property of of Ticker Report. If you are reading this news story on another website, it was stolen and republished in violation of U.S. and international trademark and copyright legislation. The legal version of this news story can be read at https://www.tickerreport.com/banking-finance/4162468/wendys-wen-to-release-earnings-on-thursday.html.About Wendys
- [By ]
In the Lightning Round, Cramer was bullish on Spirit AeroSystems (SPR) , Take-Two Interactive (TTWO) , Dunkin Brands (DNKN) and Wendy's (WEN) .
Cramer was bearish on Bristol-Myers Squibb (BMY) and Univar (UNVR) .
- [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.
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