Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Kingfisher PLC (KGFHY) - Kingfisher PLC currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for potential outperformance in the market [3] Price Performance - Over the past week, KGFHY shares increased by 1.6%, while the Zacks Retail - Miscellaneous industry rose by 6.05% [5] - In a longer timeframe, KGFHY's monthly price change is 14.99%, outperforming the industry's 9.21% [5] - KGFHY shares have surged by 29.29% over the past quarter and 25.53% over the last year, compared to the S&P 500's movements of -2.56% and 11.12% respectively [6] Trading Volume - The average 20-day trading volume for KGFHY is 156,119 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, one earnings estimate for KGFHY has increased, while none have decreased, raising the consensus estimate from $0.54 to $0.56 [9] - For the next fiscal year, one estimate has moved upwards with no downward revisions during the same period [9] Conclusion - Given the strong momentum indicators and positive earnings outlook, KGFHY is recommended as a 2 (Buy) stock with a Momentum Score of A, making it a potential candidate for near-term investment [11]

Core Viewpoint - Kingfisher PLC has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which significantly influence stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system emphasizes the importance of earnings estimate revisions, which are strongly correlated with near-term stock price movements [4][6]. - Rising earnings estimates for Kingfisher suggest an improvement in the company's underlying business, likely leading to higher stock prices [5]. Recent Earnings Estimate Revisions - For the fiscal year ending January 2026, Kingfisher is expected to earn $0.55 per share, reflecting a 5.8% increase from the previous year [8]. - Over the past three months, the Zacks Consensus Estimate for Kingfisher has increased by 1.9% [8]. Zacks Rank System Overview - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 (Strong Buy) stocks historically generating an average annual return of +25% since 1988 [7]. - Kingfisher's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating strong potential for market-beating returns in the near term [10].

Group 1: Company Overview - Kingfisher PLC (KGFHY) is a notable stock within the Retail-Wholesale sector, currently ranked 9 in the Zacks Sector Rank, which evaluates the strength of 16 sector groups based on individual stock performance [2] - Kingfisher PLC has a Zacks Rank of 2 (Buy), indicating a positive earnings outlook based on earnings estimates and revisions [3] Group 2: Performance Metrics - Kingfisher PLC has achieved a year-to-date return of 26.7%, significantly outperforming the average loss of 1.8% in the Retail-Wholesale sector [4] - The Zacks Consensus Estimate for Kingfisher's full-year earnings has increased by 1.9% over the past quarter, reflecting improved analyst sentiment [4] Group 3: Industry Context - Kingfisher PLC is part of the Retail - Miscellaneous industry, which includes 17 stocks and is currently ranked 73 in the Zacks Industry Rank; this industry has seen an average loss of 13.7% year-to-date, indicating Kingfisher's superior performance [6] - In contrast, another Retail-Wholesale stock, Marks and Spencer Group PLC (MAKSY), has returned 4.8% year-to-date and belongs to the Retail - Supermarkets industry, which is ranked 77 and has increased by 10.1% [5][6] Group 4: Investment Considerations - Investors in the Retail-Wholesale sector should monitor Kingfisher PLC and Marks and Spencer Group PLC for their strong performance trends [7]

Group 1 - Compagnie Financiere Richemont AG (CFRUY) is outperforming its sector with a year-to-date gain of 10.4%, while the Retail-Wholesale sector has lost an average of 8.1% [4] - The Zacks Consensus Estimate for CFRUY's full-year earnings has increased by 5.7% over the past quarter, indicating improving analyst sentiment [4] - CFRUY belongs to the Retail - Jewelry industry, which has seen a decline of about 30.8% this year, further highlighting its strong performance relative to its peers [6] Group 2 - Kingfisher PLC (KGFHY) is another stock in the Retail-Wholesale sector that has outperformed, with a year-to-date return of 15.7% [5] - The consensus EPS estimate for Kingfisher PLC has increased by 1.9% over the past three months, reflecting a positive outlook [5] - The Retail - Miscellaneous industry, to which Kingfisher PLC belongs, has declined by 17.9% this year, indicating that both CFRUY and KGFHY are performing well compared to their respective industries [6]

Group 1 - Compagnie Financiere Richemont AG (CFRUY) has outperformed its Retail-Wholesale peers with a year-to-date gain of approximately 15.6%, while the sector has seen an average loss of about 1.5% [4] - The Zacks Consensus Estimate for CFRUY's full-year earnings has increased by 3.3% over the past quarter, indicating improving analyst sentiment and a positive earnings outlook [4] - CFRUY belongs to the Retail - Jewelry industry, which has an average loss of 23.7% this year, further highlighting its strong performance relative to its industry [6] Group 2 - Kingfisher PLC (KGFHY) is another Retail-Wholesale stock that has shown strong performance, returning 9.8% since the beginning of the year [5] - The Retail - Miscellaneous industry, which includes Kingfisher PLC, has experienced a decline of 7.6% this year, indicating that CFRUY is performing better than its peers in different industries [7] - Both Compagnie Financiere Richemont AG and Kingfisher PLC are recommended for investors interested in Retail-Wholesale stocks due to their solid performance [7]

Financial Data and Key Metrics Changes - Total sales for the group in constant currency decreased by 0.8%, with like-for-like sales declining by 1.7% [5] - Adjusted profit before tax was £528 million, a decrease of 7% compared to the previous year [6] - Free cash flow was strong at £511 million, reflecting good progress in reducing inventory levels [6] - Net debt was just over £2 billion, with net leverage at 1.6x EBITDA [7] - A new £300 million share buyback program was announced, supported by strong free cash flow [8] Business Line Data and Key Metrics Changes - Overall core like-for-like sales were 1.1% lower, with big-ticket categories down 4.5% for the year [9] - In the UK & Ireland, total sales increased by 1.2%, with like-for-like sales up 0.2% [11] - France experienced a like-for-like decline of 6.2%, with total sales of £3.9 billion [13] - Poland's total sales increased by 3.2%, with like-for-like sales marginally down by 0.1% [16] Market Data and Key Metrics Changes - The UK & Ireland market showed resilience, with B&Q and Screwfix gaining market share [11] - France's home improvement market declined by over 7%, impacting sales negatively [13] - Poland's market is expected to see low single-digit percent growth or decline due to geopolitical factors [35] Company Strategy and Development Direction - The company aims to grow its trade business and drive e-commerce growth as part of its "Powered by Kingfisher" strategy [3][4] - Focus areas include cost and cash management, maintaining strong returns, and delivering attractive cash returns to shareholders [4] - The company is committed to enhancing productivity through self-checkout terminals and streamlining head offices [31] Management's Comments on Operating Environment and Future Outlook - Management remains cautious about consumer sentiment in France and the housing market [33] - The outlook for the UK & Ireland home improvement market is expected to be flat to low single-digit growth [33] - Confidence in cash generation capabilities supports the new share buyback program [39] Other Important Information - The company has returned £1.9 billion to shareholders since 2021 through dividends and share buybacks [28] - A strong investment-grade credit rating underpins financial resilience, with total liquidity just under £1 billion [29] Q&A Session Summary Question: Can you talk about the cash generation or the cash consumption of Screwfix France? - Management expressed satisfaction with the repeat purchase rates and emphasized the focus on store sales like-for-like growth rather than rapid expansion [92][94] Question: Is the Screwfix City initiative in addition to the existing target for Screwfix store openings? - Yes, the Screwfix City stores are in addition to the initial target of 1,000 stores, and compact stores are seen as a critical format for DIY in the future [97][98] Question: Can you provide more detail on the logistics reduction? - The company has been implementing new tools for forecasting and reducing logistics space, with plans for further reductions in the coming year [101][105] Question: How do we think about the Turkish profitability for next year? - The expectation is to maintain a similar level of loss as the previous year, with ongoing restructuring efforts in response to the challenging macroeconomic environment [126]

Core Insights - Fortuna Mining Corp. has provided an update on its exploration programs at the Séguéla Mine in Côte d'Ivoire, highlighting significant drilling results and resource confidence improvements [1][2]. Exploration Highlights - The exploration drilling at the Kingfisher deposit has transitioned to infilling and enhancing resource confidence along a 1-kilometer strike length, with notable intersections such as 7.2 g/t Au over an estimated true width of 31.5 meters in drill hole SGRC2278 [2][4]. - At the Sunbird deposit, deep exploration drilling has yielded excellent results, including 4.3 g/t Au over a true width of 23.1 meters from 733 meters in drill hole SGRD2215, marking the deepest intercept to date [2][6]. Drilling Results - The recent drilling program has completed 100 drill holes totaling 10,978 meters as part of a planned 28,000-meter drilling initiative at the Kingfisher deposit, with ongoing drilling to test immediate margins and depths [4][5]. - Significant drilling highlights include: - 10.6 g/t Au over an estimated true width of 9.4 meters from 223 meters in SGRD2153 - 8.4 g/t Au over an estimated true width of 14.5 meters from 10 meters in SGRC2264 - 18.7 g/t Au over an estimated true width of 3.4 meters from 96 meters in SGRD2280 [4][9]. Future Plans - The company anticipates migrating the Kingfisher resources into the Séguéla Mine Mineral Reserves in 2025 following the successful completion of the infill program and near exploration [3]. - The final phase of the current program will further refine the geometry and controls on the interpreted mineralized shoot during the second quarter of 2025 [10]. Company Overview - Fortuna Mining Corp. is a Canadian precious metals mining company with operations in multiple countries, including Argentina, Burkina Faso, Côte d'Ivoire, Mexico, and Peru, focusing on sustainable practices and stakeholder value [17].

Core Insights - Fortuna Mining Corp. has provided an update on its exploration program at the Séguéla Mine in Côte d'Ivoire, highlighting significant drilling results and ongoing exploration efforts [1][2]. Drilling Results - At the Kingfisher deposit, recent drilling has intersected notable gold grades, including 15.3 meters averaging 4.1 g/t Au and 17 meters averaging 3.3 g/t Au, located approximately 150 meters from the previously reported Inferred Resource of 294,000 ounces averaging 2.3 g/t Au [2][3]. - The Sunbird deposit has also shown promising results, with high-grade intersections such as 20.4 g/t Au over an estimated true width of 19.6 meters from 397 meters in drill hole SGRD2099 [7][8]. Exploration Program - A total of 58 holes, amounting to 11,103 meters, have been drilled at the Kingfisher deposit since early September 2024, with ongoing drilling expected to continue into the second quarter of 2025 [3][5]. - The Sunbird deposit has received results from 24 holes totaling 9,065 meters as part of a planned 12,000-meter drilling program, aimed at infilling and extending the current mineralized footprint [7][9]. Geological Insights - Mineralization at Kingfisher is associated with a deformed contact zone between felsic intrusives, quartz veining, and basaltic units, with higher-grade intervals coinciding with changes in strike orientation [4]. - The mineralization remains open at depth, with potential for further resource expansion, particularly more than 600 meters below surface at the Sunbird deposit [8][9]. Future Plans - The company plans to continue drilling into the first half of 2025 to support an updated resource model and underground mining studies at both the Kingfisher and Sunbird deposits [9][5].

Group 1: Company Overview - Kingfisher PLC (KGFHY) is a notable stock within the Retail-Wholesale group, which consists of 211 companies [2] - The company currently holds a Zacks Rank of 2 (Buy), indicating a favorable outlook based on earnings estimate revisions [3] Group 2: Performance Metrics - Year-to-date, Kingfisher PLC has returned 35.5%, significantly outperforming the average gain of 21.1% in the Retail-Wholesale sector [4] - The Zacks Consensus Estimate for Kingfisher's full-year earnings has increased by 5.1% over the past quarter, reflecting stronger analyst sentiment [4] Group 3: Industry Context - Kingfisher PLC is part of the Retail - Miscellaneous industry, which ranks 167 in the Zacks Industry Rank, with this group experiencing a loss of about 2.6% year-to-date [6] - In comparison, Lands' End (LE), another outperforming stock in the Retail-Wholesale sector, has seen a year-to-date increase of 72.2% and holds a Zacks Rank of 1 (Strong Buy) [5][7]

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps define momentum characteristics, with Kingfisher PLC (KGFHY) currently holding a Momentum Style Score of A [2] - The Zacks Rank system complements the Style Scores, with KGFHY rated 2 (Buy), indicating potential for outperformance in the market [3] Group 2: Performance Metrics - KGFHY shares have increased by 15.09% over the past week, outperforming the Zacks Retail - Miscellaneous industry, which rose by 2.68% [5] - Over the last quarter, KGFHY shares have surged by 36.42%, and over the past year, they have gained 55.27%, while the S&P 500 has only increased by 4.57% and 31.09%, respectively [6] - The average 20-day trading volume for KGFHY is 115,382 shares, indicating a bullish sign with rising stock prices [7] Group 3: Earnings Outlook - Recent earnings estimate revisions for KGFHY show positive trends, with 2 estimates moving higher for the full year, raising the consensus estimate from $0.49 to $0.52 [9] - For the next fiscal year, 2 estimates have also increased, with no downward revisions, reinforcing the stock's positive outlook [9] - Overall, KGFHY's strong performance metrics and positive earnings outlook contribute to its status as a 2 (Buy) stock with a Momentum Score of A [9]