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Chart of the Day: AXA Equitable -- Great Projections
The Chart of the Day belongs to the financial services company AXA Equitable (EQH) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 6/20 the stock gained 2.41%.
Equitable Holdings, Inc., together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company operates through six segments: Individual Retirement, Group Retirement, Investment Management and Research, Protection Solutions, Wealth Management, and Legacy. The Individual Retirement segment offers a suite of variable annuity products primarily to affluent and high net worth individuals. The Group Retirement segment provides tax-deferred investment and retirement services or products to plans sponsored by educational entities, municipalities, and not-for-profit entities, as well as small and medium-sized businesses. The Investment Management and Research segment offers diversified investment management, research, and related services to various clients through institutional. The Protection Solutions segment provides life insurance products, such as VUL insurance and IUL insurance, term life, and employee benefits business, such as dental, vision, life, as well as short- and long-term disability insurance products to small and medium-sized businesses. The Wealth Management segment offers discretionary and non-discretionary investment advisory accounts, financial planning and advice, life insurance, and annuity products. The Legacy segment consists of the capital intensive fixed-rate GMxB business that includes ROP death benefits. The company was formerly known as AXA Equitable Holdings, Inc. and changed its name to Equitable Holdings, Inc. in January 2020. Equitable Holdings, Inc. was founded in 1859 and is based in New York, New York.
Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart Technical Indicators:
- 100% technical buy signals
- 56.94+ Weighted Alpha
- Gained 52.43% in the last year
- Trend Seeker buy signal
- Above its 20, 50 and 100 day moving averages
- 3 new highs and up 3.65% in the last month
- Relative Strength Index 62.79%
- Technical support level at $41.74
- Recently traded at $42.04 with 50 day moving average of $40.38
Fundamental Factors:
- Market Cap $13.54 billion
- P/E 8.03
- Dividend yield 2.16%
- Revenue expected to grow 50.70% this year and another 4.60% next year
- Earning estimated to increase an 32.50% this year, an additional 18.30% next year and continue to compound at an annual rate of 19.00% for the next 5 years
Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:
- Wall Street analyst gave 5 strong buy, 1 buy and 5 hold opinions on the stock
- Analysts' price targets are between $41 and $52 with a consensus of $45 about a 7% gain
- Value Line rates the stock an above average 2 with price targets from $37 to $92 with a mid-point of $64 - a 55% gain
- CFRAs MarketScope rates it a 4 star buy with a price target of $45
- Morningstar rates it an average 3 star with a fair value of $42.17
- 3,000 investors monitor the stock on Seeking Alpha
Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.
On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
