Citizenship is an extraordinarily significant status for an individual. Your connection with a country can greatly determine your position in the world-- whether powerful or weak-- and influence the opportunities or hurdles you face, as well as the growth or stagnation you experience. While the humanitarian doctrine of equality may sound accurate, the realities of life dictate otherwise. Vast differences among countries are an undeniable fact of our world and are, indeed, one of the major causes of widespread immigration. In the midst of this scenario, countries that allow for multiple citizenship attain staggering importance.
Dual/Multiple Citizenship Prevalence Across Countries
Of the total world population, only about 15% hold citizenship from developed countries, including the EU, Canada, Australia, Japan, South Korea, and the US. Individuals not only benefit from their citizenship within these nations but also experience an enhanced value of their passport when traveling abroad. For more than half of the 20th century, the concept of dual/multiple citizenship was considered an anomaly and strongly discouraged. However, as the global village phenomenon unfolded, the world shifted from restriction towards acceptance. By 2020, 76% of countries had adopted an accepting attitude toward dual/multiple citizenship-- a remarkable change from the 62% restrictive behavior observed in 1960. Oceania countries led with the highest acceptance rate (93%), followed by the Americas (91%), Asia (85%), Europe (80%), and then Africa (70%).
Despite the general acceptance of multiple citizenship, some countries still prohibit it, though policies in this regard undergo frequent changes. For example, Japan does not recognize dual citizenship, particularly when a Japanese-born individual acquires another citizenship through naturalization. However, a change in policy has been initiated for other citizenship acquired through birth. Similarly, there are countries that permit multiple citizenship but only with specific countries (e.g., Slovenia, Spain), while restricting it with others. Some countries allow semi-citizenship, like India, or condition it on prior government permission, as seen in Germany. It is noteworthy that out of 190 countries, 49% accept dual citizenship for both immigrants and emigrants, 17% accept it only for emigrants, 12% accept it only for immigrants, and 22% do not accept it for either emigrants or immigrants.
Multiple Citizenship as an Economic Strategy
Multiple citizenship offers a myriad of benefits. Explore our article on Dual Citizenship Advantages, Disadvantages, and Requirements for a comprehensive overview of the subject. In this era of economic supremacy, the significance and momentum of multiple citizenship have grown. For instance, Americans are actively seeking multiple passports as a hedge against life and economic upheavals. While satisfied for years with holding the best citizenship in the world, Americans are now considering Europe as a viable second home. In fact, according to Forbes, recent research has revealed that about 40% of Americans could be eligible for EU citizenship based on ancestry.
The recent pandemic and changing climatic conditions have prompted many U.S. residents, especially high-net-worth individuals (HNWIs), to explore alternative escape routes. Increased global mobility can open up numerous economic avenues. Therefore, it is not surprising that many millionaires from the country are relocating to Europe or Caribbean Islands by utilizing citizenship-by-investment schemes. In this pursuit of lucrative investment options, firms like Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) and Janus Henderson Group Plc (NYSE:JHG) can prove extremely beneficial.
Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) is a service provider and marketplace for the real estate and mortgage industries, facilitating US investors in business transactions and mortgage servicing. Notably, Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) received accolades in HousingWire's Tech100 Real Estate Companies of 2024.
Janus Henderson Group plc (NYSE: JHG) is a global asset management group, headquartered in the British-American realm, providing financial products to individuals, intermediary advisors, and institutional investors. It serves as a valuable resource for US investors looking to diversify their portfolios. Here are some comments from Janus Henderson Group plc (NYSE:JHG) earning’s call for the fourth quarter of 2023, overlooking their performance:
“Diversified Alternatives, which includes multi-strategy hedge funds and enhanced index funds, generated positive flows and over 35% AUM growth in 2023. Our suite of active ETFs experienced a very successful year. Net flows were a positive $6 billion and AUM finished the year at $12 billion, equating to an annual growth rate of 65% since 2018. With this growth, Janus Henderson is now the fourth largest provider of active fixed income ETFs in the U.S. Impressively, during 2023, roughly one out of every $5 net invested into an active fixed income ETF went to Janus Henderson. We have momentum in active ETFs and we aim to do more in the space in 2024. In 2023, we established several new products and vehicles based on what our clients are telling us.”
16 Countries That Allow Multiple Citizenship in the World
16 Countries That Allow Multiple Citizenship in the World
Methodology
In compiling our list of the 16 Countries That Allow Multiple Citizenship in the World, our methodology is based on the premise that people often relocate for a better quality of life, improved education, and higher-paying employment opportunities. To encompass these factors, we leverage data from our articles on the 25 Countries with the Best Quality of Life, 20 Countries with the Best Education, and 20 Best Countries To Work And Make The Most Amount of Money. Additionally, we include the Caribbean Islands to provide a more comprehensive list.
We then utilize information from the CIA's World Fact Book and Global Citizens Solution to identify which of these countries allow dual/multiple citizenship, and we compile our list accordingly. While countries that permit dual citizenship typically also allow multiple citizenship, we cross-reference with the data provided by Global Citizens Solution that further specifies multiple citizenship for a list of countries. To present the countries in a certain order, we factor in the number of Visa-free destinations from VisaIndex's Passport Ranking 2024.
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Now that we have combed through several resources, we present to you the 16 Countries That Allow Multiple Citizenship in the World.
Note: All types of citizenship methods like birth, descent, marriage, naturalization, and investment are subject to specific country rules and conditions.
16. Jamaica
Visa-free Destinations: 86
Beckoning expats with its fabulous music, beautiful beaches, and warm, friendly culture, this Caribbean island has become a favorite for many seeking relocation. Various paths lead to gaining citizenship, such as citizenship by birth, descent, marriage, or naturalization. The good news is that this country recognizes dual/multiple citizenship. The only caveat is to ensure that your home country also allows dual citizenship.
15. Dominica
Visa-free Destinations: 142
With various pathways to citizenship-- birthright, naturalization, marriage, or investment etc. -- Dominica offers expats numerous benefits. The Caribbean island boasts stunning scenery, quality healthcare and education facilities, and visa-free travel to many countries. Importantly, the country recognizes dual/multiple citizenship.
14. Grenada
Visa-free Destinations: 143
The dual/multiple nationality for this Caribbean island comes with numerous benefits, ranging from the breathtaking natural beauty that surrounds it to tax exemptions and hassle-free visa travel to numerous countries in the Schengen area, as well as China, Russia, etc. Citizenship can be acquired through descent, birth, marriage, naturalization, and investment.
13. Saint Lucia
Visa-free Destinations: 143
For those seeking a second passport in this incredible Caribbean island without relinquishing their original citizenship, the country offers a lucrative low-investment program (with a minimum investment of $100,000). Citizens can enjoy a comfortable lifestyle and gain higher global mobility.
12. Saint Vincent and the Grenadines
Visa-free Destinations: 152
A favored destination for millionaires, tourists, and artists, Saint Vincent and the Grenadines has emerged as a viable option for acquiring a second citizenship. Its acceptance of dual citizenship is a significant advantage. Various pathways, including birth, descent, marriage, investment, and naturalization, make this possible. The country's primary language being English also adds to the ease for all expats, especially English speaking ones like the US, to settle in the region.
11. Antigua and Barbuda
Visa-free Destinations: 152
Clearly stipulated in the 1981 constitution, Antigua and Barbuda allows its citizens to retain their citizenship of the country and also acquire citizenship in other nations. Typical grounds for citizenship observed in other countries also apply here. Additionally, they include citizenship through repatriation, adoption, employment with the government of the country, and special services to the state.
10. Saint Kitts and Nevis
Visa-free Destinations: 154
Section 93 of the country’s constitution allows dual citizenship. Excellent healthcare and educational facilities, a plethora of diverse activities, and numerous attractions have attracted expats from around the world to this Caribbean island. Furthermore, the citizenship-by-investment program-- the longest standing CBI program in the world, asking a minimum investment amount of $250,000 -- along with other pathways to citizenship, is one of the major reasons why people find dual nationality even more appealing.
9. Canada
Visa-free Destinations: 188
As a developed nation, Canadian citizens can enjoy many life perks. Not only does the country offer a high quality of life with access to excellent health, education, and a diverse culture, but the Canadian passport also opens up numerous avenues. The country presents great investment opportunities, making it appealing for those seeking dual nationality for economic prosperity. Canada is one of the countries that allow multiple citizenship, and all standard citizenship methods are applicable here.
8. Australia
Visa-free Destinations: 188
The Australian government's acceptance of dual/multiple citizenship brings forth many advantages. This includes not only the right to vote and participate in politics but also the opportunity to access a broader pool of job opportunities, including government positions. Furthermore, holding Australian citizenship allows one to move and live permanently in New Zealand. Citizenship in Australia can be obtained through birth, descent, investment, and conferral.
7. United States of America
Visa-free Destinations: 188
As one of the most powerful citizenship globally, it is also among the most coveted. Boasting a highly developed economy with immense opportunities, the country attracts and hosts millions of immigrants. Its diverse culture facilitates easy settlement, and the acceptance of dual/multiple citizenship is an enticing prospect for most expats. Citizenship can be obtained through common means such as birth, descent, marriage, investment, and naturalization.
6. Switzerland
Visa-free Destinations: 190
As a dream location in Europe, Switzerland's allowance of multiple citizenship is bound to excite many expats. It stands out as one of the best countries for enjoying a luxurious and high quality of life, with easy access to nearby European areas being just one of the many benefits that come with its citizenship. Switzerland offers standard pathways for attaining citizenship, including birth, descent, marriage, naturalization, and investment.
Calix(NYSE: CALX) published its latest quarterly earnings report after market close on Wednesday, and investors reacted positively to this the following day. The specialty tech company's shares finished Thursday 20% higher in price, contrasting very well with the 0.9% slide of the S&P 500 index.
Crushing it on trailing results...
In its third quarter, Calix's revenue leaped 32% higher year over year to a new company record of over $265 million. On the bottom line, according to generally accepted accounting principles (GAAP), the company flipped dramatically to a profit of $15.7 million against a nearly $4 million loss in the year-ago quarter. On a non-GAAP (adjusted) and per-share basis, Calix's net profit was $0.44.
Image source: Getty Images.
Those two metrics trounced the average analyst estimates. The consensus prognosticator expectation for revenue was slightly over $246 million, while that for per-share, adjusted profitability stood at $0.34.
Calix, which focuses on solutions for the broadband service providers, said it added 20 new clients to its platform during the quarter.
...and guidance too
While investors were surely impressed by Calix's trailing performance, the company provided significant hope for its present situation as well. For its current (fourth) quarter, it guided for $267 million to $273 million in revenue, a range comfortably above the $251 million consensus analyst estimate. Ditto for its adjusted profitability forecast -- $0.35 to $0.41 per share against the pundit average of $0.32.
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Thinking about what to do with your Fluor shares or whether now is the right time to hop in? You are not alone. Investors have taken notice as Fluor’s stock price has seen some real movement in recent months. After a 9.4% climb over the last month and a solid 69.2% return over three years, it's no wonder this engineering giant keeps popping up on your radar. Sure, Year-To-Date performance is a bit soft at -1.0%, but that comes after a massive 332.5% return over the past five years. That kind of long-term success demands a closer look.
What is driving attention right now? Much of the focus traces back to Fluor’s recent contract wins and surging project pipelines across energy, infrastructure, and government sectors. Industry watchers see these developments as positive signals for sustainable growth, and the market may be recalibrating risk in light of new opportunities. It is not just about headlines; it is about what these moves suggest regarding underlying value.
If you are eyeing the stock and wondering about its valuation, you will want to know Fluor currently scores a 3 out of 6 on our value checks, indicating some areas of undervaluation but perhaps not a screaming bargain across the board. Of course, there are many angles to determining what is “undervalued.” In the next section, we will break down Fluor’s valuation using all the classic methods, but stick around for an even sharper lens on value at the end.
The Discounted Cash Flow (DCF) model is a classic valuation technique that projects a company's future free cash flows and discounts them back to their present value. This allows investors to estimate the true worth of the business today. For Fluor, this approach starts by considering its current annual Free Cash Flow, which stands at $228 million.
Analyst estimates suggest robust growth ahead. Over the next five years, forecasts project annual Free Cash Flows rising from $417.6 million in 2026 to $540 million by 2029. For years beyond, projections are extended using conservative growth assumptions, ultimately reaching about $501 million by 2035. These figures are all in US dollars and highlight a credible trend of increasing cash generation.
Based on the DCF calculation, Fluor’s intrinsic value is estimated at $46.63 per share. This is roughly 4.6% above the current share price, indicating the stock is trading just slightly higher than its implied fair value. In other words, the DCF suggests Fluor is about where it should be, neither glaringly cheap nor worryingly overpriced at this stage.
Simply Wall St performs a valuation analysis on every stock in the world every day (check out Fluor's valuation analysis). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes.
Approach 2: Fluor Price vs Earnings
For profitable companies like Fluor, the Price-to-Earnings (PE) ratio is a time-tested tool for sizing up how the market values each dollar of profit. It is favored because it directly links a company's earnings to its share price, letting investors quickly gauge relative value, especially for firms with steady profits.
In practice, what counts as a “normal” or “fair” PE ratio shifts based on expectations for future growth and the risks involved. Fast-growing or lower-risk companies often command higher multiples; slower or riskier businesses tend to warrant lower numbers by the market.
Fluor’s current PE ratio is just 1.9x, standing in sharp contrast to the construction industry average of 34.1x and a peer average of 31.0x. These benchmarks suggest that, at face value, Fluor appears significantly undervalued compared to its sector.
But to get a clearer, more tailored picture, we look to our proprietary “Fair Ratio.” This figure (5.6x for Fluor) is calculated by considering not just industry averages but a broader mosaic: projected growth, company size, profitability, and unique risks. By blending these dimensions, it provides a finer-tuned sense of where the valuation should land.
Fluor’s actual PE of 1.9x sits below the Fair Ratio of 5.6x, indicating that the stock is trading at a discount even when accounting for its specific strengths and risks. While the gap is notable, it is worth watching to see if the market is right to be this cautious, or if opportunity is knocking for investors paying attention.
Upgrade Your Decision Making: Choose your Fluor Narrative
Earlier we mentioned that there is an even better way to understand valuation, so let us introduce you to Narratives. A Narrative is your opportunity to tell the story behind the numbers. It connects your view of a company’s prospects with the forecasts you believe in, and the fair value you arrive at as a result.
Narratives link together the big picture, such as business strategy, upcoming projects, and industry trends, with your own expectations for future earnings, margins, and revenue. Simply Wall St makes it easy to build and update your Narrative on the Community page, used and shared by millions of investors.
With Narratives, you are not just looking at numbers in isolation. You are using them to answer, “Is the current share price above or below the fair value set by my perspective?” Because Narratives are dynamic, they automatically update when news breaks or new company data arrives. This helps you react quickly and stay informed.
For example, one investor might emphasize Fluor’s Urban Solutions and LNG Canada wins, expecting a strong rebound and setting a fair value near the highest analyst target of $57. Another could focus on risks from project delays or dropping margins, landing closer to the most cautious target at $40. Narratives let you define, track, and act on your viewpoint so you know when opportunity truly knocks.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Halliburton shares jumped 11.6% on Tuesday after the Houston-based oil service company reported its Q3 revenue of $5.6 billion, surpassing Wall Street’s estimate of $5.39 billion.
The company reported adjusted net income of $0.58 per share (diluted), with an adjusted margin of 13%, reflecting strong cost controls and stable international demand.
In the international market, our value proposition is winning with customers, we are demonstrating differentiated performance both on and off-shore, and our growth engineers are on track.
Regionally, North American revenue rose 5% due to increased activity in the U.S. and Canada, while international sales remained flat. Increases in Africa and Latin America offset lower activity in Saudi Arabia.
Halliburton stock has declined 8% year-to-date.Shutterstock
Halliburton emphasized its focus on maximizing returns and leveraging technology, particularly artificial intelligence, to drive operational efficiency.
During the quarter, the company repurchased $250 million in stock and generated $276 million in free cash flow.
The company is also working to reset its 2026 capital budget and is taking measures to save about $100 million per quarter, including idling underperforming equipment.
Streamlining with impairments and partnerships
Despite strong adjusted results, Halliburton's reported net income was just $18 million or $0.02 per share unadjusted for one time items.
Last year, this number was at $571 million or $0.65 per share, resulting in a 11.8% decline in stock price over the year
The company cited $540 million in impairment and restructuring charges, tied to asset write-offs, severance costs, and other adjustments for this monumental drop in net income.
These impairments or charges reflect Halliburton’s efforts to streamline operations and improve long-term returns, though.
Additionally, Halliburton announced a strategic partnership on Oct. 20 with VoltaGrid, a provider of distributed power and energy solutions, to deliver distributed power generation solutions for data centers worldwide. The initial implementation is targeted for the Middle East.
Through this partnership, “Halliburton will leverage its global operational footprint, local infrastructure, and regional regulatory expertise, while VoltaGrid will contribute its proprietary engineering design, technology innovation, and procurement capabilities,” read the official statement.
This partnership marks a pivotal moment for Halliburton, as the demand for reliable power solutions increases with the growing demand for data centers in emerging markets.
This initiative underscores Halliburton’s efforts to enable sustainable energy solutions through strong collaboration and operational expertise.
Halliburton's stock has advanced 16% this quarter, including a 9.8% increase over the last week, which has helped trim its year-to-date decline to around 9%. As investors focus on the company's growth prospects and strategic investments to produce returns, Halliburton's stock has seen a notable improvement.
Activist investors have long been known to shake up underperforming companies, unlocking hidden value through restructuring or strategic asset sales. From Carl Icahn’s bold boardroom battles to Elliott Management’s high-profile interventions, activist funds often act as catalysts for stock re-ratings when they see untapped potential.
One such opportunity may be emerging in Fluor Corporation (FLR), a global engineering and construction giant. Shares of Fluor gained attention this week after Starboard Value revealed a nearly 5% stake in the company. The activist fund, led by Jeff Smith, is reportedly urging Fluor to explore options for its 40% ownership in NuScale Power (SMR), an investment that has surged nearly 110% this year.
With Fluor’s market value near $8 billion and its NuScale stake now worth billions, investors are wondering if Starboard’s involvement could unlock significant shareholder value. Here’s a closer look at why activist investors are betting big on Fluor and whether that makes FLR stock a potential buy right now.
About FLR Stock
Based in Texas, Fluor Corporation is a global engineering, procurement, and construction (EPC) firm that provides construction, maintenance, and project management services in the energy, infrastructure, mining, government, and advanced technology sectors. The company’s nearly 27,000 employees execute large-scale contracts worldwide, from oil and gas and chemicals to power and life sciences.
Fluor’s shares have been relatively flat in 2025. They remain roughly 3% below year-to-date (YTD) levels. However, FLR stock modestly jumped about 2% after Starboard’s stake was reported but has otherwise underperformed broader markets. FLR stock's decline stems from weak quarterly results, project delays, and lowered guidance, partly offset by optimism over its NuScale stake and government-backed infrastructure momentum.
On the valuation front, FLR trades at attractive multiples. Its EV/Sales ratio of 0.35 and P/E ratio of 3 are significantly lower than the sector medians of 2.18 and 23, respectively, indicating the stock is trading at a substantial discount and is relatively inexpensive.
www.barchart.com
Fluor Q2 Miss Hits Hard Despite NuScale Windfall
Fluor stock nosedived about 30% after reporting its second quarter in early August, which shows both pressure and potential. Revenue came in at around $4.0 billion, down 6% year-over-year (YoY), missing expectations. While GAAP net income surged to $2.5 billion, that was mainly due to a $3.2 billion equity gain from its NuScale Power stake, not from core operations.
On an adjusted basis, results were weaker. EBITDA dropped 42% to $96 million, and EPS fell 49% to $0.43. Operating cash flow swung to negative $21 million from $282 million a year ago, highlighting higher working capital needs. Still, Fluor ended the quarter with a solid $2.3 billion in cash and marketable securities.
Segment results were mixed. Urban Solutions revenue rose to $2.1 billion, but profit fell sharply due to cost overruns on large projects. Energy Solutions saw a revenue decline to $1.1 billion, and Mission Solutions grew modestly. Total backlog slipped 13% YoY to $28.2 billion.
CEO Jim Breuer blamed “infrastructure headwinds” and short-term project delays but called them temporary, emphasizing that Fluor’s long-term strategy in growth markets remains intact.
Following the quarter, Fluor lowered its full-year adjusted EPS guidance to $1.95 to $2.15, down from $2.25 to $2.75 previously. Management now expects operating cash flow of $200 to $250 million for 2025, citing client delays and project timing issues.
Recent News and Developments
Fluor has been making headlines lately. Activist involvement has reignited investor interest. Hedge fund Starboard Value recently took a big stake in Fluor, and that’s turned up the spotlight. With NuScale now worth more than Fluor’s own core business, investors think a partial sale or spin-off, as Starboard suggests, could unlock major shareholder value.
Meanwhile, on the project side, Fluor’s LNG Canada venture is progressing smoothly. The company celebrated the first LNG cargo shipment under its facilities in Q2 and secured a contract for Phase 2 engineering work, a solid win for its energy portfolio.
Fluor’s backlog remains healthy at $28.2 billion, even after new awards fell 43% in the quarter. The company also returned $153 million to shareholders through stock buybacks, signaling confidence in its balance sheet.
What Do Analysts Think About FLR Stock?
Analysts are largely positive on Fluor. Baird maintained a “Hold” rating, noting that execution risks justify its lower $46 price target. Truist and UBS remain upbeat, calling Fluor’s energy exposure “a long-term growth play,” with price targets of $51 and $56, respectively.
Meanwhile, Citigroup argued that the market undervalues Fluor’s NuScale stake, which now accounts for more than 60% of its market capitalization. The bank added that activist pressure from Starboard Value could unlock “meaningful upside.”
Overall, among 10 analysts, Fluor carries a “Moderate Buy” consensus rating, split evenly between five “Strong Buy” and five “Hold” recommendations. The mean price target of $49 implies an expected 2.5% upside from current levels.
In my view, Fluor sits at an inflection point. The entry of a high-profile activist validates that an underlying value exists, but unlocking it is not guaranteed. At current prices, FLR appears inexpensive on a standalone basis. Investors betting on Fluor must weigh execution risks in its engineering business against the potential upside if NuScale is monetized or if infrastructure demand accelerates.
www.barchart.com
On the date of publication, Nauman Khan 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. This article was originally published on Barchart.com
What a fantastic six months it’s been for Corning. Shares of the company have skyrocketed 87.4%, hitting $88.03. This was partly due to its solid quarterly results, and the performance may have investors wondering how to approach the situation.
Despite the momentum, we're swiping left on Corning for now. Here are three reasons why GLW doesn't excite us and a stock we'd rather own.
1. Lackluster Revenue Growth
Long-term growth is the most important, but within industrials, a stretched historical view may miss new industry trends or demand cycles. Corning’s annualized revenue growth of 6.7% over the last two years aligns with its five-year trend, suggesting its demand was consistently weak.
Corning Year-On-Year Revenue Growth
2. Free Cash Flow Margin Dropping
Free cash flow isn't a prominently featured metric in company financials and earnings releases, but we think it's telling because it accounts for all operating and capital expenses, making it tough to manipulate. Cash is king.
As you can see below, Corning’s margin dropped by 4.4 percentage points over the last five years. If its declines continue, it could signal increasing investment needs and capital intensity. Corning’s free cash flow margin for the trailing 12 months was 8.8%.
Corning Trailing 12-Month Free Cash Flow Margin
3. Previous Growth Initiatives Haven’t Impressed
Growth gives us insight into a company’s long-term potential, but how capital-efficient was that growth? A company’s ROIC explains this by showing how much operating profit it makes compared to the money it has raised (debt and equity).
Corning historically did a mediocre job investing in profitable growth initiatives. Its five-year average ROIC was 6.2%, somewhat low compared to the best industrials companies that consistently pump out 20%+.
Corning Trailing 12-Month Return On Invested Capital
Final Judgment
Corning isn’t a terrible business, but it isn’t one of our picks. Following the recent rally, the stock trades at 30× forward P/E (or $88.03 per share). Investors with a higher risk tolerance might like the company, but we think the potential downside is too great. We're pretty confident there are more exciting stocks to buy at the moment. We’d suggest looking at an all-weather company that owns household favorite Taco Bell.
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Halliburton(NYSE: HAL) stock closed Tuesday's daily trading session with big gains. The energy company's share price rose 11.6% in the session and had been up as much as 12.6% before seeing a modest moderation of gains.
Halliburton published its third-quarter results before today's market open and posted sales and earnings results for the period that came in ahead of the market's expectations. Investors responded by bidding up the stock in today's trading session.
Image source: Getty Images.
Halliburton jumps on strong Q3 print
Halliburton recorded non-GAAP (generally accepted accounting principles) adjusted earnings per share of $0.58 on revenue of $5.6 billion. For comparison, the average Wall Street analyst estimate had called for adjusted earnings of $0.50 per share on sales of approximately $5.39 billion. Sales were still down 1.7% year over year compared to the prior-year period, but revenue still topped expectations -- and stronger-than-anticipated margins helped power a significant earnings beat.
What's next for Halliburton?
Halliburton anticipates that its geographic business segments will see mixed trends in the current quarter. While international revenue should increase between 3% and 4% on a sequential quarterly basis, sales in the North America segment are expected to decline between 12% and 13%. While Halliburton is warning investors about some headwinds in the current quarter, the sales pressures are partially attributable to normal quarterly cyclicality.
In response to market dynamics, Halliburton has reduced its capital expenditures outlay for the year to $1 billion -- down by 30% from its previous forecast. With a less-favorable operating backdrop, the business is implementing cost-cutting initiatives and putting some growth plans on hold until timing becomes more positive.
Should you buy stock in Halliburton right now?
Before you buy stock in Halliburton, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Halliburton wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $667,945!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,119,558!*
Now, it’s worth noting Stock Advisor’s total average return is 1,073% — a market-crushing outperformance compared to 191% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Shares of power-generation start-up Hyliion Holdings (NYSEMKT: HYLN) were trading sharply lower on Wednesday after the company cut its guidance for full-year revenue. As of 11:30 a.m. ET today, Hyliion's shares were down about 13.5% from Tuesday's closing price.
Hyliion's product will go to market soon, but not until 2026
The generator, called Karno, uses what is called a "flameless oxidation" system. Hyliion says the device can generate electricity from a wide range of fuels -- natural gas, hydrogen, various petroleum derivatives, and even ammonia -- with minimal emissions.
Hyliion's Karno system can generate electricity from several different kinds of fuel, with minimal emissions. Image source: Hyliion Holdings.
During its earnings presentation on Tuesday, management said that its first Karno power module has met key benchmarks in testing with initial customers and is on track for a wider market launch in 2026.
Hyliion generated about $760,000 in revenue in the third quarter, all of it from an ongoing contract with the U.S. Navy, which is using Karno modules to power an autonomous naval vessel currently under development.
A cut to full-year guidance might have investors worried
For the full year, the company now expects revenue of about $4 million, all from the Navy contract. That's down from last quarter's guidance, which projected full-year revenue between $5 million and $10 million. The change is likely why the stock is down today.
Hyliion now expects to begin recognizing Karno-related revenue sometime next year. It said that it had $164.7 million in cash at quarter-end, enough to fund operations through the commercial launch of Karno.
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John Rosevear has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
