|Day's range||1.5300 - 1.5300|
Iridium, Globalstar and EchoStar are part of the Zacks Industry Outlook article.
Macroeconomic weakness, inflation and supply chain woes could affect the Zacks Satellite and Communication industry participants' prospects in the near term. Global security threats and increasing defense budgets bode well for Iridium (IRDM), Globalstar (GSAT) and EchoStar (SATS).
Iridium, Maxar and EchoStar are part of the Zacks Industry Outlook article.
The satellite JUPITER 3 is being manufactured at Maxar's (MAXR) facility in Palo Alto, CA, for EchoStar's Hughes Network Systems division
Investors remain spooked as a rate hike looks inevitable. One may opt for low leverage stocks like TSLA, SATS, AMAL, TITN & PBF to avoid huge losses at times of crisis.
Investors need to pay close attention to EchoStar (SATS) stock based on the movements in the options market lately.
PBF Energy, ArcBest, Ryder System, UFP Industries and EchoStar have been highlighted in this Screen of The Week article.
We have screened value stocks PBF, ARCB, R, UFPI and SATS based on the EV-to-EBITDA ratio, which offers a clearer picture of valuation and earnings potential.
The crux of safe investment lies in choosing a company that is not burdened with debt, as a debt-free stock is almost impossible to find. You may buy TITN, VLO, CB, KRG & SATS
EchoStar (SATS) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
After losing some value lately, a hammer chart pattern has been formed for EchoStar (SATS), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.
EchoStar (SATS) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
CAR, SATS and SVC made it to the Zacks Rank #1 (Strong Buy) value stocks list on August 8, 2022.