Synchrony enters into new sponsorship agreement with Jewelers Mutual
Synchrony (SYF) and Jewelers Mutual, an insurer dedicated to protecting jewelry and jewelry businesses for over a century, announced a new sponsorship agreement to co-market both services to jewelry merchants looking to make customers aware of both financing and insurance coverage options. As part of the agreement, Jewelers Mutual will showcase Synchrony financing solutions in its marketing materials as well as Zing Marketplace, a comprehensive online platform created for its member retailers. Zing Marketplace features tools to help merchants serve their customers, including jeweler web pages, diamond marketplace, a jewelry appraisal solution and, now, financing offerings from Synchrony. Synchrony will also feature offers directly from Jewelers Mutual to merchants and consumers through select marketing materials as well as on Synchrony Marketplace, a shopping destination for consumers to find special offers from Synchrony partners.
Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today's best-performing stocks on TipRanks >>
Read More on SYF:
Disclaimer & DisclosureReport an Issue
Synchrony price target raised to $63 from $57 at Truist
Synchrony and Discount Tyre extend partnership
Strong Credit Management and Stable Loan Growth Drive Buy Rating for Synchrony Financial
Synchrony Financial Releases April 2025 Charge-Off Data
Synchrony removed from bullish Fresh Pick status at Baird
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
2 hours ago
- Yahoo
Ulta Beauty Stock (ULTA) Maintains Bold Comeback Following Q1 Beat
After a rocky couple of years, Ulta Beauty (ULTA) is staging a fierce comeback, with its stock surging and its investment case looking increasingly better by the quarter. Evidently, the company's Q1 results posted just last week lit a spark under the stock, showcasing robust comparable sales growth, strategic wins, and an aggressive share buyback program. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Despite its recent rally, I believe Ulta Beauty still offers attractive value, making it a compelling choice for long-term investors. Here's why I remain bullish on the stock. Walking into an Ulta store these days feels like stepping into a bustling beauty bazaar, and the numbers certainly back up that vibe. In Q1, Ulta reported a 2.9% increase in comparable sales, blowing past Wall Street's modest expectations of just 0.2% growth. This uptick, driven by a 2.3% rise in average ticket size and a 0.6% increase in transactions, shows Ulta is pulling customers back in a big way, even in the face of the brutal competition facing the beauty industry these days. Under new CEO Kecia Steelman, the company's 'Ulta Beauty Unleashed' plan is resonating, with fresh promotions and a beefed-up loyalty program, now boasting a record 44.6 million members and keeping shoppers hooked. One could argue that this is a one-quarter fluke. However, Ulta's focus on exclusive products and in-store experiences, like their expanded Target shop-in-shops, is undeniably driving traffic. There is no reason to think that this trend will fade soon, especially since Ulta is coming off some difficult quarters (hence the stock's underperformance in 2024), and the recent numbers indicate that a proper rebound has now been established. To be frank, the company's ability to outpace estimates in such a tough retail environment (particularly competition-wise) signals a consumer base that's still willing to splurge on beauty, even during a period of economic uncertainty. One of the more interesting takeaways from Ulta's report is that the company isn't solely relying on its core business to drive growth, but is instead exploring new opportunities. During the earnings call, executives talked about plans to expand into Mexico and the Middle East this year. They've already opened six new stores this quarter, bringing their total to 1,451, after adding 100 Ulta Beauty stores at Target locations last year. Interestingly, these moves don't necessarily seem to be about expanding square footage (as is the case with retailers), but rather about making Ulta a go-to destination for beauty lovers everywhere. Then there's the loyalty program, which grew 3% last year to the 44.6 million mark. It's a sticky ecosystem that keeps customers coming back, and Ulta is doubling down with digital upgrades and personalized marketing. When you pair these efforts with exclusive brand launches, you can see how Ulta can claw back market share from competitors like Sephora and Amazon, even as those giants loom large. Ulta has a tremendous track record of share repurchases. It has essentially been using the majority of its free cash flow over the years to repurchase as many shares as possible. For context, over the past decade, Ulta has reduced its share count by 30%. In Q1, this trend endured, with Ulta repurchasing $249.5 million worth of stock. With $2.7 billion still available under their $3 billion program, Ulta is signaling confidence in its future and the stock's present valuation. I love seeing a company bet on itself like this. Management is like they're saying, 'We know we're undervalued, and we're not afraid to prove it.' Regarding Ulta's valuation, even after the stock's post-earnings rebound, it's still trading at just 20x this year's expected EPS. Considering that sales are on the rebound, margins are stabilizing, and buybacks are continually reducing the share count, EPS growth is expected to pick up in the coming years. In fact, repurchasing shares at today's valuation is likely to prove exceptionally accretive in the long term. Therefore, I believe that the current multiple undervalues Ulta's medium-term prospects. Despite the stock's recent rebound, Wall Street remains optimistic about Ulta. The stock still features a Moderate Buy consensus rating, with 12 analysts currently bullish, 12 neutral, and just one bearish. Now, Ulta's average stock forecast of $470.04 indicates marginal downside potential over the coming twelve months. Ulta Beauty appears to be regaining its momentum. The company delivered strong comparable sales, executed key strategic initiatives, and continues to return value to shareholders through a robust buyback program. Trading at roughly 20 times earnings, Ulta offers a compelling blend of value and growth—an uncommon combination in the often-volatile retail sector. With a meaningful margin of safety and solid upside potential, the stock presents a highly attractive investment opportunity at current levels. Disclaimer & DisclosureReport an Issue 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
Yahoo
4 hours ago
- Yahoo
Synchrony Expands Credit Reach With New PayPal Credit Card
A prominent player in the consumer financing space, Synchrony Financial SYF recently issued a new physical credit card in collaboration with PayPal. This new card allows users to access PayPal Credit not only online but also in-store and anywhere Mastercard is accepted. The card includes a limited-period offer for its customers — six months of promotional financing on travel purchases with no minimum spend. From flights, cruises, ride shares or hotels, users can now manage huge travel expenses with ease, spreading out payments without worrying about their budget. Along with the limited-time travel deal, customers can still take advantage of six months of promotional financing on purchases of more than $149. With the growing consumer interest in alternative financing options and Buy Now, Pay Later (BNPL) solutions, the introduction of a new physical card offers users more ways to pay while making the most of their existing credit lines. Additionally, allowing PayPal Credit to be used at point-of-sale terminals puts pressure on both banks and BNPL players. This launch strengthens SYF and PayPal's long-term relationship as it aligns with their strategies. Synchrony's strategic focus on diversifying its portfolio and integrating its credit products into rapidly growing digital ecosystems is supported by PayPal's vast user base. PayPal reported 436 million active accounts in the first quarter of 2025. This expansion may boost payment volumes and customer retention. SYF is actively expanding its presence through partnerships and collaborations, which will likely improve its active accounts. In the first quarter of 2025, its purchase volume fell 4% year over year to $40.7 billion. Over the past year, Synchrony shares have gained 37.9% compared with the industry's rise of 8%. Image Source: Zacks Investment Research SYF currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader finance space are Pagaya Technologies Ltd. PGY, Heritage Insurance Holdings Inc. HRTG and Acadian Asset Management Inc. AAMI, each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today's Zacks #1 Rank stocks here. The Zacks Consensus Estimate for Pagaya Technologies' current-year earnings of $2.45 per share has witnessed two upward revisions in the past 30 days against none in the opposite direction. Pagaya Technologies beat earnings estimates in two of the trailing four quarters and missed twice, with the average surprise being 12.9%. The consensus estimate for current-year revenues is pegged at $1.2 billion, implying 19.9% year-over-year growth. The Zacks Consensus Estimate for Heritage Insurance's current-year earnings of $3.25 per share has witnessed two upward revisions in the past 30 days against no movement in the opposite direction. Heritage Insurance beat earnings estimates in each of the trailing four quarters, with the average surprise being 363.2%. The consensus estimate for current-year revenues is pegged at $854.9 million, calling for 4.6% year-over-year growth. The Zacks Consensus Estimate for Acadian's current-year earnings is pegged at $2.86 per share, implying 3.6% year-over-year growth. In the past 30 days, Acadian has witnessed one upward estimate revision against none in the opposite direction. The consensus mark for the current-year revenues is pegged at $526.8 million, calling for 4.2% year-over-year growth. 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 Synchrony Financial (SYF) : Free Stock Analysis Report Heritage Insurance Holdings, Inc. (HRTG) : Free Stock Analysis Report Pagaya Technologies Ltd. (PGY) : Free Stock Analysis Report Acadian Asset Management Inc. (AAMI) : 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
Yahoo
5 hours ago
- Yahoo
TSMC Defies Gruesome Geopolitical Odds With Friends in High Places
As an avid follower of semiconductor stocks, I'm genuinely excited by the recent momentum in Taiwan Semiconductor Manufacturing Company (TSM), widely known as TSMC. The stock has decisively broken above its key 50-week moving average—a technical milestone that's hard to overlook. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter However, my optimism extends far beyond chart patterns. TSMC is a pivotal force at the heart of the AI revolution, playing a crucial role in powering next-generation technologies. The company is aggressively expanding its global footprint with major facilities planned across Europe, the U.S., and most intriguingly, the United Arab Emirates. For investors who recognize the strategic significance of technological leadership, TSMC is far more than just another chipmaker—it's a cornerstone of global economic and national security. Given the confluence of positive factors surrounding TSMC stock, I'm confidently bullish on its chances of picking its way through the brewing geopolitical minefield to, ultimately, deliver strong shareholder returns for the next decade. From a financial standpoint, TSMC's performance in Fiscal 2025 has been nothing short of exceptional. In the first quarter alone, revenue surged by 35% year-over-year, reaching approximately $25.5 billion. This impressive growth has been fueled by strong and timely demand from high-performance computing and automotive sectors, more than offsetting temporary softness in the smartphone market. Notably, TSMC's cutting-edge 3-nanometer process has become a meaningful contributor to revenue, further underscoring the company's leadership in advanced semiconductor manufacturing. Despite facing some operational headwinds, including an early-year earthquake, TSMC has maintained robust profitability. Non-GAAP gross margins came in at around 59%, significantly beating analysts' subdued expectations. Management also remains highly optimistic about the near-term outlook, guiding for another strong quarter with an anticipated 38% year-over-year revenue increase in Q2. Altogether, this powerful blend of rapid growth and resilient profitability signals that TSMC is far more than a cyclical beneficiary. It is a foundational force in the global tech ecosystem, building lasting competitive moats and firmly establishing itself as the dominant player in semiconductor manufacturing. I've taken a deep interest in TSMC's bold and rapidly unfolding global expansion strategy. The company's landmark $100 billion investment in Arizona represents more than just a manufacturing footprint—it signals a decisive pivot by the U.S. toward strengthening domestic semiconductor resilience. While challenges such as elevated labor costs and project delays are to be expected, the long-term strategic value is substantial. This initiative cements TSMC as a foundational technology partner for the West and a central pillar of the emerging U.S. semiconductor ecosystem. Equally impressive is TSMC's growing presence in Europe. Its joint venture in Dresden, Germany—alongside Bosch, Infineon (IFNNY), and NXP Semiconductors (NXPI)—marks a transformative effort to reshape the continent's semiconductor supply chain. With a total project cost of approximately €10 billion, half of which is backed by EU state aid, the partnership aims to reduce Europe's reliance on external sources for advanced chips. This move is not only strategically sound but also enhances TSMC's global resilience and influence. Perhaps the most intriguing development is the proposed 'gigafab' in the United Arab Emirates. TSMC is reportedly in discussions with Abu Dhabi's sovereign wealth fund, Mubadala, which, if finalized, would signal a breakthrough expansion into the rapidly evolving tech ambitions of the Middle East. Though still speculative, this potential partnership could significantly extend TSMC's geopolitical reach and strategic footprint. Altogether, TSMC's global initiatives reflect a visionary approach to navigating complex geopolitical and economic terrains. These moves aren't just about scaling production—they're about redefining the global semiconductor map, securing long-term relevance, and reinforcing TSMC's status as a trailblazer in advanced manufacturing. Technically speaking, TSMC's recent price action represents an undeniably eye-popping bull pattern, drawing tremendous interest from institutional investors. The technical indicators, such as the Relative Strength Index, down in the mid-60s, suggest that TSMC has plenty of room for continued gains before becoming overbought. In fact, even heavyweights such as Cathie Wood's ARK Invest have recently increased their holdings in TSMC. This adds another dimension of institutional confidence that deserves the attention of retail investors. For me, the institutional dynamics tell a strong story about why TSMC will continue to compound returns impressively. That said, while I remain optimistic about TSMC's long-term prospects, the geopolitical risk surrounding China and Taiwan is both real and significant. The increasing military activity by China's People's Liberation Army in the Taiwan Strait cannot be overlooked. According to various intelligence reports, China is preparing for potential scenarios involving Taiwan, with a key timeline centered around 2027. Should a military conflict occur, the consequences for TSMC would be severe. Its critical manufacturing facilities could face operational disruptions or even destruction, triggering a major shock to the global semiconductor supply chain. Based on my analysis, such an event could lead to a collapse in TSMC's stock price, potentially as much as 60%. Given the scale of this risk, it demands careful consideration. Even with a fundamentally bullish outlook, I believe it's essential to have a clear risk-management strategy in place. This is not about fear—it's about being realistic in the face of a complex and evolving geopolitical landscape. On Wall Street, TSMC stock holds a consensus Strong Buy rating, supported by seven Buy ratings, one Hold, and zero Sells. TSMC's average stock price target sits at $219.43, suggesting a potential upside of 13% over the next 12 months. Personally, I'm a bit more bullish, with my own price target closer to $250. Overall, I remain firmly bullish on TSMC. This investment goes beyond financials—TSMC is a cornerstone of the global technology infrastructure. While the geopolitical risk tied to its location in Taiwan is both real and substantial, it's a factor that strategic investors must weigh carefully. For those capable of evaluating the balance between opportunity and geopolitical exposure, TSMC presents a rare and compelling proposition. Given the company's dominant market position and long-term growth potential, my $250 price target feels not only reasonable but well within reach. Disclaimer & DisclosureReport an Issue 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
