Winning Stock Forecast: Calling SCG and NWL returns up to 7.70%

SCANA Corporation (NYSE: SCG)

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Recently Scana Corporation published its quarterly earnings results. The firm posted $1.03 earning per share (EPS) for the three-month period, exceeding analysts’ estimates of $0.72 by $0.31. On the other side SCG reported revenue of $926 million for the quarter compared to the average analyst forecast of $1,000 million, which was missing the analyst estimate.

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This resulted in research firms being more bullish about SCG. Reuters looked into the 8 analysts that track SCANA Corporation and find out that 5 of them rated it as a Hold. 2 of the 3 analysts rated it as a Buy or a Strong Buy while 1 advised investors to desist from buying the stock or sell it if they already possess it. 

Newell Brands (NYSE: NWL)

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In the last year the NWL stock came under immense pressure after they acquired the competitor Jarden Corporation. The integration caused many problems and the profit declined drastically. The largest part of the buying sum was funded by enormous debts, which turned out to be a dangerous constellation. From its high of about $50, the stock declined to an area around $20 per share. Here the market clearly overreacted and got therefore the attention of some big investors. Bill Miller already invested in the last quarter. But the most interesting investor is Carl Icahn, who increased his stake in the company to 35 million shares or 8.5% of the whole company.

[Image Source: finance.yahoo.com]

The company seems to have the problems under control now. Since the acquisition, the long-term debts have been decreased from $11.3 billion to 9.3 billion. In total the liabilities decline by $6 billion. The company even started a buyback program of around 25 million shares. The financial situation has improved a lot and is therefore a good opportunity to invest in.

This chart below shows the algorithmic forecast made on these stocks one month ago and the results of the forecast. As seen NWL and SCG where both included in the top ten stocks.

 

Current I Know First subscribers received these bullish forecasts for NWL and SCG on 23rd November, 2018.

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 Algorithmic traders utilize these daily forecasts by the I Know First market prediction system as a tool to enhance portfolio performance, verify their own analysis and act on market opportunities faster.

How to interpret this diagram

Please note-for trading decisions use the most recent forecast.

About

Newell Brands Inc., incorporated on February 23, 1987, is a marketer of consumer and commercial products. The Company’s segments include Writing, Home Solutions, Commercial Products, Baby & Parenting, Branded Consumables, Consumer Solutions, Outdoor Solutions and Process Solutions. The Company’s products are marketed under a portfolio of brands, including Paper Mate, Sharpie, Dymo, Expo, Parker, Elmer’s, Coleman, Jostens, Marmot, Oster, Sunbeam, FoodSaver, Mr. Coffee, Rubbermaid Commercial Products, Graco, Baby Jogger, NUK, Calphalon, Rubbermaid, Contigo, First Alert and Yankee Candle. As of December 31, 2016, the Company sold its products in 200 countries throughout the world and had operated on the ground in 100 of these countries.

 

SCANA Corporation, incorporated on October 1, 1984, is a holding company. The Company, through its subsidiaries, is engaged in the generation, transmission, distribution and sale of electricity in South Carolina. The Company operates through segments, including Electric Operations, Gas Distribution, Gas Marketing and All Other. The Company is engaged in the purchase, transmission and sale of natural gas in North Carolina and South Carolina. The Electric Operations segment generates, transmits and distributes electricity. The Company’s regulated businesses include subsidiaries, such as South Carolina Electric & Gas Company (SCE&G), South Carolina Fuel Company, Inc. (Fuel Company), South Carolina Generating Company, Inc. (GENCO) and Public Service Company of North Carolina, Incorporated (PSNC Energy). The Company’s nonregulated businesses include subsidiaries, such as SCANA Energy Marketing, Inc. (SCANA Energy), ServiceCare, Inc., SCANA Services, Inc., SCANA Corporate Security Services, Inc. and SCANA Communications Holdings, Inc.