Yesterday, U.S. stocks closed their worst-performing quarter since the advent of the COVID-19 pandemic. Concerns over surging inflation, logistical disruptions, the possibility of aggressive interest rate hikes, and geopolitical issues have driven this performance. However…
overall, the market seems to have absorbed most of the negatives over the past couple of weeks and regained some stability. The progress in peace talks between Russia and Ukraine, primarily, has boosted investor sentiment.
While the possibility of aggressive interest rate hikes by the Federal Reserve could dampen economic growth, a hot job market indicates a steady economic recovery. According to DOW Jones, the unemployment rate is expected to fall to 3.7% from 3.8%. This is expected to boost investor sentiment further.
Given this backdrop, we think it could be wise to bet on beaten-down stocks Carlsberg A/S (CABGY – Get Rating), Masimo Corporation (MASI – Get Rating), and The Goodyear Tire & Rubber Company (GT – Get Rating) which hold solid rebound potential.
Headquartered in Copenhagen, Denmark, CABGY produces and sells beer and other beverages in Denmark and exports its products to approximately 100 countries worldwide. It offers core, craft, and specialty beers, and alcohol-free brews.
On Feb. 4, 2022, CEO Cees ’t Hart said, “We have also launched our new strategy, SAIL’27, with clear priorities for our portfolio, geographies, execution and culture and with ambitious long-term growth aspirations for the Group. Building on the strong foundation of SAIL’22 and our ambitions for the next strategy period, we’re convinced that we can continue our sustainable long-term value creation.”
CABGY’s revenue increased 17.6% year-over-year to DKK 34.95 billion ($5.20 billion) for its 2021 second half ended Dec. 31, 2021. Its consolidated profit came in at DKK 4.50 billion ($668.40 million), up 26.7% year-over-year. Also, its EPS came in at DKK 26.50, up 21.6% year-over-year.
Analysts expect CABGY’s revenue to increase 4.6% year-over-year to $10.70 billion in 2023. Its EPS is estimated to increase 3.8% per annum over the next five years. The stock has declined 29.8% in price year-to-date to close yesterday’s session at $24.36.
CABGY’s strong fundamentals are reflected in its POWR Ratings. The stock has an overall B rating, which indicates a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 distinct factors, each with its own weighting.
CABGY has a B grade for Stability and Quality. In the B-rated Beverages industry, it is ranked #9 of 37 stocks. Click here to see the additional POWR Ratings for Growth, Value, Momentum, and Sentiment for CABGY.
A global medical technology company, MASI in Irvine, Calif., develops, manufactures, and markets noninvasive monitoring technologies and hospital automation solutions worldwide. It aims to simultaneously improve patient outcomes while reducing the cost of care.
On Feb. 15, 2022, MASI agreed to acquire Viper Holdings Corporation, which owns Sound United, a consumer technology company. Joe Kiani, MASI’s chairman and CEO, said, “The technology and expertise within Sound United will serve us well as we aim to augment our Masimo SafetyNet strategy. Their well-established reputation and presence in the home can help us accelerate adoption of our wearables, and integrated, home-based telemedicine solutions.”
MASI’s product revenue increased 11% year-over-year to $327.58 million for its fourth fiscal quarter, ended Jan. 1, 2022. Its non-GAAP net income came in at $70.06 million, up 22.3% year-over-year, while its non-GAAP EPS came in at $1.21, up 23.5% year-over-year.
Analysts expect MASI’s revenue to increase 20.6% to $1.49 billion in 2022. Its EPS is expected to increase 13.1% to $4.58 in 2023. In addition…
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