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Changes to the Argus Focus List

Joanna Kong
Yahoo Finance Premium

Argus has made several changes to its Focus List. The following four stocks have been added.

  • Equinix Inc. (EQIX): Equinix is a real estate investment trust focusing on interconnected data centers. The company is focused on helping customers develop secure networks and cloud-neutral data center platforms, and is leveraged to the secular transition away from on-premises data centers to cloud colocation centers. We believe that Equinix has strong opportunities in the global colocation market, and note that the company has grown both organically and through targeted acquisitions.

  • PPG Industries Inc. (PPG): PPG is a diversified coatings producer and the No. 2 global producer of paints and coatings, with annual revenue of more than $15 billion. It is a top 1-2 producer in nearly every major end market, including auto OEM, aerospace, and auto refinishing. Implementation of price increases and cost-savings initiatives should lead to higher margin growth.

  • Square Inc. (SQ): Square is a technology platform company that provides payment and point-of-sale solutions to merchants worldwide. It provides hardware for sales and payment solutions to merchants along with software that converts iPads to payment terminals. We believe that Square is taking advantage of the changing payments landscape. For 3Q19, Square delivered a 40% rise in revenues on 25% growth in payment volumes.

  • TEGNA Inc. (TGNA): TEGNA is a pure-play local television broadcasting and related digital media company, with 62 local television stations and four radio stations in 51 markets. Since spinning off its newspaper business in 2015, TEGNA has made acquisitions within the company’s pureplay local broadcast television station model. TEGNA has benefited from strong political advertising growth, and can look forward to a strong revenue boost from the 2020 presidential election.

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