Latest news with #Duluth
Yahoo
3 days ago
- Business
- Yahoo
Duluth Holdings (DLTH) Shows Fast-paced Momentum But Is Still a Bargain Stock
Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time. Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead of their future growth potential. In such a situation, investors find themselves loaded up on expensive shares with limited to no upside or even a downside. So, going all-in on momentum could be risky at times. It could be safer to invest in bargain stocks that have been witnessing price momentum recently. While the Zacks Momentum Style Score (part of the Zacks Style Scores system), which pays close attention to trends in a stock's price or earnings, is pretty useful in identifying great momentum stocks, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced. Duluth Holdings (DLTH) is one of the several great candidates that made it through the screen. While there are numerous reasons why this stock is a great choice, here are the most vital ones: Investors' growing interest in a stock is reflected in its recent price increase. A price change of 8.2% over the past four weeks positions the stock of this clothing and tools supplier well in this regard. While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. DLTH meets this criterion too, as the stock gained 7% over the past 12 weeks. Moreover, the momentum for DLTH is fast paced, as the stock currently has a beta of 1.3. This indicates that the stock moves 30% higher than the market in either direction. Given this price performance, it is no surprise that DLTH has a Momentum Score of A, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success. In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped DLTH earn a Zacks Rank #2 (Buy). Our research shows that the momentum-effect is quite strong among Zacks Rank #1 and #2 stocks. That's because as covering analysts raise their earnings estimates for a stock, more and more investors take an interest in it, helping its price race to keep up. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Most importantly, despite possessing fast-paced momentum features, DLTH is trading at a reasonable valuation. In terms of Price-to-Sales ratio, which is considered as one of the best valuation metrics, the stock looks quite cheap now. DLTH is currently trading at 0.12 times its sales. In other words, investors need to pay only 12 cents for each dollar of sales. So, DLTH appears to have plenty of room to run, and that too at a fast pace. In addition to DLTH, there are several other stocks that currently pass through our 'Fast-Paced Momentum at a Bargain' screen. You may consider investing in them and start looking for the newest stocks that fit these criteria. This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market. However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies. Click here to sign up for a free trial to the Research Wizard today. Want 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 Duluth Holdings Inc. (DLTH) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CBS News
4 days ago
- CBS News
Shelter-in-place order lifted in Chisholm after "shooting incident," police say
An overnight shooting in the northern Minnesota city of Chisholm prompted a shelter-in-place order that has since been lifted, police said. The Chisholm Police Department issued the order for the area around the 100 block of Fifth Street Northwest around 12:20 a.m. Wednesday, advising residents of "an ongoing law enforcement operation involving multiple agencies." Just after 3:30 a.m., the department lifted the order, saying "there is no ongoing threat to public safety at this time." Police said a "shooting incident" spurred the order, but gave few other details. "All individuals connected to this incident have been identified and accounted for," police said. The Minnesota Bureau of Criminal Apprehension is aiding in the investigation. Chisholm is about 75 miles north of Duluth.
Fox News
5 days ago
- Politics
- Fox News
Georgia man indicted for making alleged threats against senators Cruz, Fischer in disturbing voicemails
A Georgia man was indicted by a federal grand jury after allegedly threatening sexual violence against two Republican senators and their family members. Robert Davis Forney, 25, of Duluth, Georgia, was arraigned Monday before a U.S. magistrate judge on federal charges of communicating threats in interstate commerce. He was indicted by a federal grand jury seated in the Northern District of Georgia June 10. Authorities claim Forney called the office of Sen. Ted Cruz, R-Texas, twice Jan. 9, and left voicemails threatening sexual violence against Cruz and his family, according to court documents. The following day, Forney allegedly called the office of Sen. Deb Fischer, R-Neb., and left a voicemail threatening sexual violence against her. The specific threats have not yet been made public. "Threats to public figures — including lawmakers — are not uncommon, and the senator's office reports such threats to the U.S. Capitol Police, who take appropriate action," a Fischer spokesperson told Fox News Digital. "The senator appreciates Nebraskans' concerns and their kind words, and she is continuing to do her job on their behalf." U.S. Attorney Theodore S. Hertzberg said threatening elected officials and their families is "an act of violence that undermines our entire democracy." "Political discourse and disagreements never justify resorting to vile attacks against our nation's leaders," Hertzberg wrote in a statement. FBI Atlanta Special Agent In Charge Paul Brown added the actions are classified as a serious federal crime. "There is no place for political violence or threats of violence in the United States," Brown wrote in a statement. "We will not hesitate to arrest and charge others who engage in similar criminal conduct." This case is being investigated by the FBI and the U.S. Capitol Police as part of Operation Take Back America, a nationwide initiative that marshals the full resources of the Department of Justice to protect communities from perpetrators of violent crime. Cruz's office did not immediately respond to Fox News Digital's request for comment.
Yahoo
5 days ago
- Politics
- Yahoo
Georgia man charged with making threats against Senators Ted Cruz and Deb Fischer: DOJ
A 25-year-old Georgia man faces federal charges after allegedly making violent threats against two U.S. senators and one of their families, amid growing concerns about threats targeting elected officials, according to the Department of Justice. Robert Davis Forney of Duluth, Georgia, is accused of leaving threatening voicemails for Senator Ted Cruz of Texas and Senator Deb Fischer of Nebraska in January, according to federal prosecutors. The messages allegedly contained threats of sexual violence against both senators and Cruz's family members. Forney was indicted by a federal grand jury on June 10 and charged with communicating threats in interstate commerce. He appeared before a federal magistrate judge on Monday for arraignment. "Threatening our elected officials and their families is an act of violence that undermines our entire democracy," U.S. Attorney Theodore S. Hertzberg said in a statement. "Political discourse and disagreements never justify resorting to vile attacks against our nation's leaders." MORE: 'Like Damar Hamlin': Youth soccer coach's life saved by spectators' rapid response FBI Special Agent Paul Brown, based in Atlanta, emphasized that threatening public officials is a serious federal crime. "There is no place for political violence or threats of violence in the United States," Brown said. The case comes amid heightened concerns about violence against political figures. Over the weekend, former state House Speaker Melissa Hortman from Minnesota and her husband were killed, and Senator John Hoffman and his wife were shot in what authorities described as targeted attacks. The suspect in that case, Vance Boelter, was arrested after a two-day manhunt. The Georgia case is part of what the Justice Department calls "Operation Take Back America," a nationwide initiative aimed at combating violent crime and illegal immigration, according to U.S. Attorney Hertzberg. If convicted, Forney could face federal prison time. The FBI and United States Capitol Police are investigating the case, with Assistant U.S. Attorneys Bret R. Hobson and Brent Alan Gray leading the prosecution. Georgia man charged with making threats against Senators Ted Cruz and Deb Fischer: DOJ originally appeared on
The Independent
5 days ago
- Politics
- The Independent
Georgia man charged with leaving threatening messages for 2 Republican senators
A Georgia man accused of leaving threatening voicemails for two Republican U.S. senators appeared in federal court to face charges Monday. Robert Davis Forney, 25, of Duluth, Georgia, was arraigned in Atlanta on two federal counts of communicating threats in interstate commerce, according to court records. A grand jury indicted him last week. 'Threatening our elected officials and their families is an act of violence that undermines our entire democracy,' U.S. Attorney for the Northern District of Georgia Theodore S. Hertzberg said in a statement. 'Political discourse and disagreements never justify resorting to vile attacks against our nation's leaders.' According to prosecutors, Forney called the office of Texas Sen. Ted Cruz in January and left voicemails that threatened sexual violence against Cruz and his family. Forney left a similar voicemail threatening sexual violence against Nebraska Sen. Deb Fischer the next day, authorities said. A federal public defender assigned to Forney's case didn't immediately respond to an email seeking comment about the charges.
