SELL Hologic, Inc. (HOLX) | Daily Alert May 26
Updated from WSBD 834, October 15, 2020
We are dropping Hologic from the Focus, Buy, and Long-Term Buy lists after the company posted disappointing results for the March quarter and guidance for the current quarter.
Management targets June-quarter earnings per share of $1.00 to $1.15, implying 33% to 53% growth, on revenue of $1.00 billion to $1.07 billion, good for 22% to 30% growth. That forecast fell well short of analysts’ targets of $1.81 for per-share profits and $1.29 billion for sales.
Hologic should be sold.
Richard Moroney, CFA, Dow Theory Forecasts, dowtheory.com, 800-233-5922, May 3, 2021
*JELD-WEN Holding, Inc. (JELD)
Updated from WSBD 812, December 19, 2018
We are moving Jeld-Wen Holdings (JELD) to SELL. The company is executing on its turnaround, led by the relatively new CEO. However, after our more detailed review of the company’s future prospects, the shares appear to fully discount a robust profit recovery and are trading at our price target.
Bruce Kaser, Cabot Turnaround Letter, cabotwealth.com, 978-745-5532, May 25, 2021
Updated from WSBD 827, March 19, 2020
We removed ASGN from our Best Buy List and Buy List because of weak operating momentum. The staffing and technology services company now expects June-quarter earnings per share of $1.27 to $1.33.
Richard J. Moroney, CFA, Upside, upside stocks.com, 800-233-5922, June 2021
*Anglo American plc (NGLOY)
Updated from WSBD 839, March 18. 2021
Anglo American is a play on infrastructure basic materials and is also the largest producer of platinum, with about 40% of world output, and explores for diamonds, copper, platinum group metals, coal, iron, nickel, and manganese ores. This stock has been a disappointment and I’m going to move this to a sell as I look for a better play on clean tech growth. SELL.
Carl Delfeld, Cabot Explorer, cabotwealth.com, 978-745-5532, June 3, 2021