Fueled by a super-charged economic recovery, low interest rates and robust corporate earnings, stock markets are expected to attain record highs in the second half of 2021. Ethan Harris, head of global economics research at Bank of America Merrill Lynch Global Research, recently stated that…
Federal Reserve Chair Jerome Powell “has done a good job of calming the waves in the bond market, so this is Goldilocks for equities.”
With the Fed targeting an average inflation rate range around 2%, investors are optimistic about the potential for the stock markets’ to have a solid run in the coming months.
While Sony Group Corporation (SONY – Get Rating), STMicroelectronics N.V (STM – Get Rating), and SS&C Technologies Holdings, Inc. (SSNC – Get Rating) are underperforming the SPDR S&P 500 ETF Trust (SPY), we think they are well positioned to bounce back in the near term owing to their strong fundamentals and financials, and bullish investor sentiment. So, these stocks could be solid bets now.
Leading technology conglomerate SONY develops, manufactures, and sells various electronic equipment for the consumer, professional, and industrial sectors. The company administers and licenses song lyrics and music, as well as creating and distributing animated films. It is also known for producing films, television content, and digital networks.
In its fiscal year ending March 31, 2021, SONY’s net sales have increased 9% year-over-year to ¥9 billion ($81.26 billion). Its operating income grew 15% year-over-year to ¥971.87 billion ($8.78 billion). The company’s net income increased 101.3% from its year-ago value to ¥1.17 billion ($10.58 billion) over this period.
SONY’s EPS is expected to grow 16.3% year-over-year to $6.42 next year. Analysts expect its revenue to increase 6.7% year-over-year to $90.45 billion in 2023. Also, the stock has surged 44.8% over the past year and 3.4% over the past month.
It is no surprise that SONY has an overall B rating, which equates to Buy in our POWR Ratings system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting. The stock also has a B grade for Sentiment and Stability. In the Entertainment-Media Producers industry, it is ranked #4 of 18 stocks.
In total, we rate SONY on eight different levels. Beyond what we’ve stated above, we have also given SONY grades for Growth, Momentum, Quality, and Value. Get all the SONY ratings here.
Headquartered in Geneva, Switzerland, STM manufactures discrete and conventional commodity components, as well as application-specific integrated circuits (ASICs) for analogue, digital, and mixed-signal applications. Its Automotive and Discrete Group (ADG), Analog, MEMS and Sensors Group (AMS), and Microcontrollers and Digital ICs Group (MDG) are the segments through which the company operates.
This month, STM announced that it has collaborated with…
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