StepStone and Altice USA have been highlighted as Zacks Bull and Bear of the Day

Zacks10-09

For Immediate Release Chicago, IL –October 9, 2024 – Zacks Equity Research shares StepStone Group STEP, as the Bull of the Day and Altice USA ATUS, as the Bear of the Day. In addition, Zacks Equity ...

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In addition, Zacks Equity ...</p>\n\n<a href=\"https://finance.yahoo.com/news/stepstone-altice-usa-highlighted-zacks-071500063.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>StepStone and Altice USA have been highlighted as Zacks Bull and Bear of the Day</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStepStone and Altice USA have been highlighted as Zacks Bull and Bear of the Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-09 15:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/stepstone-altice-usa-highlighted-zacks-071500063.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>For Immediate Release\nChicago, IL –October 9, 2024 – Zacks Equity Research shares StepStone Group STEP, as the Bull of the Day and Altice USA ATUS, as the Bear of the Day. In addition, Zacks Equity ...</p>\n\n<a href=\"https://finance.yahoo.com/news/stepstone-altice-usa-highlighted-zacks-071500063.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"STEP","symbol_name":"StepStone Group Inc.","start_time":0,"source_url":"https://finance.yahoo.com/news/stepstone-altice-usa-highlighted-zacks-071500063.html","article_id":"2474213990","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/8IbSz7A4pSsqK5Rfs61ytw--~B/aD00MTM7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/72e92f2def8e0975361faddc09fe1438"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2474213990","pubTimestamp":1728458100,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Chicago, IL –October 9, 2024 – Zacks Equity Research shares StepStone Group STEP, as the Bull of the Day and Altice USA ATUS, as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Robinhood Markets HOOD.While the rise in popularity of private market investing has considerably reduced the number of new IPOs in the stock market, some investors have still managed to profit handsomely from the trend. And though there are ways for the average investor to gain access to private market investments, StepStone Group is one distinctive way to benefit from the trend.Private markets have swelled to over $13 trillion accounting for some 40% of all invested capital today in the US. And it’s no surprise they have garnered such assets a","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"STEP":"StepStone Group Inc.","HOOD":"Robinhood","ATUS":"Altice USA Inc."},"translate_title":"StepStone和Altice USA被评为Zacks今日牛市和熊市","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ATUS":0.9,"HOOD":0.9,"STEP":0.9},"content_text":"For Immediate Release\nChicago, IL –October 9, 2024 – Zacks Equity Research shares StepStone Group STEP, as the Bull of the Day and Altice USA ATUS, as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Robinhood Markets HOOD.\nHere is a synopsis of all three stocks:\nBull of the Day:\nWhile the rise in popularity of private market investing has considerably reduced the number of new IPOs in the stock market, some investors have still managed to profit handsomely from the trend. And though there are ways for the average investor to gain access to private market investments, StepStone Group is one distinctive way to benefit from the trend.\nStepStone Group is a global investment firm that focuses on private markets, offering tailored investment solutions to institutional investors such as pension funds, insurance companies, and family offices. It provides access to a broad range of private market opportunities, including private equity, private debt, infrastructure, and real estate.\nThe firm helps clients build customized investment portfolios and also offers advisory services to guide investment strategies. StepStone’s approach involves several key areas: investing directly in new private market funds, partnering with private equity firms to co-invest in specific companies, acquiring existing private market assets through secondaries, and investing in private debt. Additionally, the company focuses on real assets like infrastructure and real estate, leveraging its global network and data-driven analysis to help investors achieve long-term, risk-adjusted returns.\nDemand for StepStone Group’s services are growing nicely, and the company is expecting top line growth of 25.4% this year and 15.7% next year. Earnings too are expected to inflect upward, with analysts forecasting profits to climb 51.2% this year and 18.2% next year.\nStepStone Group’s industry positioning and growth forecasts haven’t gone unnoticed as the stock has appreciated nearly 100% over the last 12 months. But with a top Zacks Rank and rising earnings revisions there may still be upside in STEP stock.\nSTEP Earnings Revision Trend\nStepStone Group currently boasts a Zacks Rank #1 (Strong Buy) rating, reflecting upward trending earnings revisions. Current quarter earnings estimates have increased by 2.5% over the last two months, while FY24 have umped by 8.3% and FY25 by 4.4%. Earnings estimates have been on the rise all year as analysts have come to realize that the demand for private market investments is likely to continue for the foreseeable future.\nPrivate Market Investments Growth\nPrivate market investment firms like Private Equity, Credit and Infrastructure have truly been a juggernaut in the financial industry over the last several years, cannibalizing much of the asset management industry.\nPrivate markets have swelled to over $13 trillion accounting for some 40% of all invested capital today in the US. And it’s no surprise they have garnered such assets as they have largely outperformed traditional investments, with lower volatility. Although it is debatable whether the volatility is actually lower, or it just appears lower because portfolios aren’t marked to market daily like public market investing, investors in these products enjoy the psychological advantage, nonetheless.\nWith private market investments expected to grow to $15 trillion by 2025 and $18 trillion by 2027, according to S&P Global, StepStone Group can expect client to continue to flock to them for consulting in the industry.\nShould Investors Buy STEP Shares?\nAlthough StepStone Group is trading at a valuation of 32.9x forward earnings—well above the industry average of 16.9x and its three-year median of 23.3x—it sits in a unique and rapidly growing vertical within the financial services industry. Furthermore, the stock offers a dividend yield of 1.6%, making it appealing to both growth and income-oriented investors.\nGiven the company's strong growth forecasts, favorable industry tailwinds, and rising demand for private market investment solutions, StepStone Group appears to offer substantial upside potential, particularly for investors looking to capitalize on the continuing expansion of private markets.\nBear of the Day:\nAltice USA, one of the country's largest broadband communications and video services providers has struggled in recent years due to intense competition and shifting consumer trends. Topline sales have fallen in recent years, while earnings have recently flipped negative and huge debt obligations stress financial security.\nAltice USA stock has cratered over the last five years, falling 91.9% and massively underperforming the broad market and its respective industry. Though the company maintains a huge customer base, numerous products and considerable infrastructure, the company has faced challenges, including customer service issues and competition from other telecom and streaming service providers.\nFurthermore, ATUS has a Zacks Rank #5 (Strong Sell) rating, indicating falling earnings estimates and further increasing the odds of another move lower in the stock price. Based on this setup, investors should avoid Altice USA stock until its outlook improves.\nAltice USA Earnings Estimates Plunge\nQuarterly earnings reports continue to disappoint with the last three missing estimates and the most recent quarter missing earnings forecasts by a whopping -62.5%. Analysts have been steadily downgrading earnings estimates since mid-2021 and continue to do so today.\nFY24 earnings estimates have been lowered by -16.7% over the last two months and are projected to fall 16.7% YoY, while FY25 earnings estimates have declined by 66.7% and are expected to crater 89.2%. Sales forecasts aren’t any better with the top line expected to contract 2.8% this year and 2.9% next year.\nAltice's Debt Burden\nAltice USA's financial struggles are compounded by its massive debt load, which has created additional pressures on the company’s ability to operate effectively. As of the latest reports, Altice carries over $24 billion in debt, a substantial figure that severely limits its financial flexibility. Interest payments on this debt have eaten into profit margins, making it even harder for Altice to reinvest in necessary upgrades to its network infrastructure, customer service, and product offerings.\nIn the face of growing competition and customer churn, this financial strain becomes even more significant. The company’s inability to significantly grow revenues or improve customer retention makes servicing this debt increasingly difficult. As a result, Altice's financial health has continued to deteriorate, contributing to the dramatic decline in its stock price.\nShould Investors Avoid ATUS Stock?\nGiven Altice USA's dismal financial performance, mounting debt, and negative earnings revisions, it's hard to justify an investment in the stock right now. The company is battling significant headwinds, from intense competition to a shrinking subscriber base and declining revenues. While its large customer base and extensive infrastructure are assets, they haven’t been enough to offset the broader challenges it faces.\nFor investors looking for opportunities in the telecom space, there are other companies with stronger fundamentals, growth prospects, and less financial strain. Until Altice can turn around its earnings trajectory and stabilize its business, it’s a stock better left avoided.\nAdditional content:\n \nDon't Overlook This Top Stock for Crypto Exposure?\nCryptocurrency is a digital or virtual currency that uses cryptography for security. Unlike traditional currencies issued by governments (fiat money), cryptocurrencies operate on decentralized networks based on blockchain technology – a distributed ledger that records all transactions across a network of computers.\nAnd for those seeking exposure through stocks, the Zacks Cryptocurrencies & Blockchain Technology thematic screen focuses on companies ranging from creators of software and hardware that power blockchain to those applying this technology, like crypto mining firms.\nSee the full list of Zacks Thematic Screens – Zacks Thematic Screens.\nLet’s take a closer look at a top-ranked stock that the screen has returned.\nRobinhood Sees Strong Crypto Volume\nRobinhood Markets offers a comprehensive suite of financial products aimed at addressing critical financial needs, including crypto trading and crypto staking (staking in EU only). The stock sports the highly-coveted Zacks Rank #1 (Strong Buy), with its earnings outlook notably bullish across the board.\nUp more than 80% in 2024, HOOD shares have been quietly strong, widely outperforming relative to the S&P 500. Quarterly results have helped aid the move, with the stock seeing a great reaction following record revenue and net deposits throughout the mentioned period.\nAnd consumers keep flocking to the platform for their crypto needs, with cryptocurrencies revenue of $81 million climbing a staggering 161% from the same period last year. Crypto Notional Trading Volumes throughout the period also saw a 140% climb year-over-year to $21.5 billion.\nKeep an eye out for the company’s next quarterly release currently scheduled for October 30th. Top line revisions have been positive along with EPS expectations, with the $672 million expected revised 12% higher since mid-July and suggesting 44% growth from the year-ago period.\nStay up-to-date with all quarterly releases: See Zacks Earnings Calendar.\nBottom Line\nZacks Thematic Screens lets you dive into 30 dynamic investment themes shaping the future.\nWhile stocks in each theme aren't direct recommendations, they offer a solid starting point. Leverage the Zacks Rank and other metrics to identify the best stocks for your strategy. Each featured stock comes with a Zacks report, giving you the tools to analyze performance and potential.\nRobinhood Markets was a top selection that the Zacks Cryptocurrencies & Blockchain Technology thematic screen churned out.\nWhy Haven't You Looked at Zacks' Top Stocks?\nSince 2000, our top stock-picking strategies have blown away the S&P's +7.0 average gain per year. Amazingly, they soared with average gains of +44.9%, +48.4% and +55.2% per year.\nToday you can access their live picks without cost or obligation.\nSee Stocks Free >>\nMedia Contact\nZacks Investment Research\n800-767-3771 ext. 9339\nhttps://www.zacks.com\nZacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks \"Terms and Conditions of Service\" disclaimer. www.zacks.com/disclaimer.\nPast performance is no guarantee of future results. Inherent in any investment is the potential for loss.This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nAltice USA, Inc. (ATUS) : Free Stock Analysis Report\nStepStone Group Inc. (STEP) : Free Stock Analysis Report\nRobinhood Markets, Inc. (HOOD) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2474213990"}